March 2016 Monthly Market Detail Martin County Townhouses and Condos

March 2016 Monthly Market Detail Martin County Townhouses and Condos

March 2016 Monthly Market Detail Martin County Townhouses and Condos  showed reduced sales volume primarily because of lower inventory and a continued rise in values.  Closed sales were down by 11.2% (was down by 2.0% in February) and new sales under contract (new pending sales) were down by 5.9% from March 2014 (decreased by 7.5% in February).  Though this is still a very active real estate market.

The median sales price was up by 26.6% (was up by 2.1% in February) while the average sales price increased by 40.3% (was up by 13.3% in February) as compared to March of 2015.  Very strong price gains that are impacting some folks ability to afford condos and townhouses in Martin Count.

The inventory of available townhouses and condos dropped by 13 units to 398 properties as compared to last month.  The second monthlyt drop after three straight months of increased inventory. This is 7.0% below the March 2015 inventory.  Currently, there’s a 4 month supply of inventory (a 2.4% decrease from last year).  Still in a strong sellers market for townhouses and condos for Martin County.

March 2016 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
March 2016 Monthly Market Detail Martin County Townhouses and Condos

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

March 2016 Monthly Market Detail Martin County Townhouses and Condos

The Estuary – April 2016 Market Report

The Estuary – April 2016 Market Report

The Estuary of Stuart FL contains both homes and condos.  Here is the April 2016 market report for this gated community:

Homes

There are currently no homes for sale in the Estuary.

One home is under contract.  The list price was $599,900 which is also $321.66 per sq. ft. of living area.  This home went under contract one day after it was listed.

In the past 12 months, 6 homes have sold in the Estuary.  Sales prices ranged from $150,900 up to $605,000 for an average sales price of $294,316 or $142.60 per sq. ft. of living area. These homes sold for an average of 92% of list price and went under contract in an average of 66 days.

Condos

There are three condos currently available in the Estuary.  List prices range from $139,900 to $155,000 for an average list price of $146,633 which is $126.77 per sq. ft. of living area.

There are four condos under contract which have not sold as of the time this is being written.  List prices ranged from $129,900 to $159,900 for an average of $147,197 which equals $127.34 per sq. ft. of living area.  These condos went under contract in an average of 56 days.

In the past 12 months, 4 condos have sold in the Estuary.  Sales prices were from $98,000 to $169,750 for an average sales price of $129,437 which works out to $112.39 per sq. ft. of living area.  These four condos averaged 102 days on market and sold for an average of 100% of the last list price.

About the Estuary

The Estuary of Stuart Florida, located in North Stuart, Florida and often mistaken for being a part of Jensen Beach Florida is a gated community with a variety of homes ranging from condos, to 1980’s vintage homes, to newer villas as well as waterfront homes with deep water docks.
The Estuary of Stuart Florida is very conveniently located on the banks of the North Fork of the Saint Lucie River, just minutes from the Treasure Coast Mall and the shopping and dining areas of the US-1 corridor in Jensen Beach.

Different sections of the Estuary include well appointed 2 and 3 bedroom condos with pool and lake views.  A select number of condos have mile wide river views of the Saint Lucie River.  An inland section of varying styles, sizes and shapes of homes built from the early 1980’s and also called River Shores Plantation.  In 2002, a section of the Estuary was added with villas and smaller single family homes on Tillia Trail with their own community pool.  Larger single family homes were also added at this time along Estuary Court, Plumbago Trail and the western section of NW 21’st Terrace.  This section also boasts a community dock suitable for good sized vessels with ocean access just a few minutes away at the Saint Lucie Inlet.   Homes on Plumbago Trail also enjoy spectacular wide water views.  The Estuary is truly a wonderful place to call home.

 Search here for the Estuary of Stuart Homes

Search The Estuary Condos For Sale

The Estuary – April 2016 Market Report

March 2016 Monthly Market Detail Martin County Single Family Homes

March 2016 Monthly Market Detail Martin County Single Family Homes

The March 2016 Monthly Market Detail Martin County Single Family Homes continues as a sellers market though sales volume is not growing as robustly as last year but improved from February.  Year to year closed sales were up by 3.4% (was down 11.8% in February). New pending sales decreased by 0.8% as compared to March of 2015 (Decreased by 3.3% in February).

And prices continue to rise as the median sales price was up by 17.1% from last year (up by 8.9% in February) while the average price increased by 15.3% (was down by 5.1% last month).  As long as the inventory remains tight, prices will continue to rise.

The inventory of available single family homes increased slightly from last month by 19 homes to 1100 units for this month,  this is 1.0% less than last March.  Current supply of homes is 5.3 months, for March of last year it was a 5.6 months supply. (This is a 5.4% decrease from last year).  Still a sellers market for Martin County single family home sales.

March 2016 Monthly Market Detail Martin County Single Family Homes

Click here to view or download the full report:
March 2016 Monthly Market Detail Martin County Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

March 2016 Monthly Market Detail Martin County Single Family Homes

Creekside in Palm City – April 2016 Market Report

Creekside in Palm City – April 2016 Market Report

There are currently no homes listed for sale in the Creekside community of Palm City.

There are also no homes under contract at this time.

In the past 12 months, 2 homes have sold in Creekside.  The sales prices were $348,000 and $375,000 for an average sales price of $366,000 which equates to $125.84 per sq. ft. of living area.  These two homes averaged 148 days on market befor going under contract and sold for 98% of the last list price.

About Creekside in Palm City

Creekside real estate in Palm City

A small gated community in Palm City FL with only 18 homes.  This is a Kolter built community that was constructed from 2013 to 2014.

Homes in Creekside are all 4 Bedrooms or greater with 3 or more bathrooms and most are 2 stories with 2 car garages.  Sizes of the homes range from just over 2,000 sq. ft. of living area up to over 3,000.  Some of the homes have private pools. There are no community amenities in Creekside which helps keep the HOA fees a very reasonable $120 per month.

Creekside real estate in Palm City Home 2

Creekside is off of Sunset Trail in Palm City which makes it a quiet and private secluded location, yet still just minutes away from excellent shopping, restaurants as well as access to the numerous water ways, beaches and golf courses the Martin County and the Treasure Coast of Florida have to offer.

Creekside real estate in Palm City Creekside real estate in Palm City

A very desirable community for children as this is an ‘A’ rated school district currently zoned for the Palm City Elementary School, Hidden Oaks Middle School and Martin County High School.

Here are the currently available homes for sale in Creekside

Creekside in Palm City – April 2016 Market Report

March 2016 Monthly Market Detail Florida Townhouses and Condos

March 2016 Monthly Market Detail Florida Townhouses and Condos

The March 2016 Monthly Market Detail Florida Townhouses and Condos is now in a balanced market and not the super heated activity as we have experienced for the past two years.  Closed sales were down by 7.1% as compared to last months decrease of 5.4% and new sales under contract (new pending sales) decreased by 10.1% (In February there was a 10.5% decrease).  While on the single family side of the Florida real estate market this decrease in volume can be attributed to inventory, for condos and townhouses it appears to be strictly price related as the inventory has been gaining in the past few months.

The median sales price continued to rise, by 3.3% (up by 5.6% in February), while the average sales price decreased by 3.9% (was down 1.4% in February).  It appears that prices may not continue to rise very rapidly for this segment of the Florida real estate market.

The inventory increased by 6.7% from March of last year.  For March 2016 we have 6.3 months of inventory (was also 6.3 months in February) and compared to 6.0 for March 2015.  First time in two years that we are seeing an increase in inventory as well as being out of a sellers market.

March 2016 Monthly Market Detail Florida Townhouses and Condos

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
March 2016 Monthly Market Detail Florida Townhouses and Condos

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

March 2016 Monthly Market Detail Florida Townhouses and Condos

South Sewalls Point Vacant Land – New Price

South Sewalls Point Vacant Land – New Price


Sewalls Point Vacant Land
Overview
Maps
Photos
Description
$198,000
Vacant buildable lot in Sewalls Point that has been cleared and is ready for your dream home.  There is a good potential for a home with water views built in this location.  Lot is just over 1/3 of an acre and will most likely require a home to be built on pilings (flood zone).  Great location with excellent schools, close to beaches, downtown Stuart, shopping and restaurants.  There aren’t very many of these opportunities left in Sewalls Point.
Main Features
Lot: 0.36 acre(s)
MLS #: 387002
Location
20 Herons Nest
Sewalls Point, FL 34996
USA

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March 2016 Monthly Market Detail Florida Single Family Homes

March 2016 Monthly Market Detail Florida Single Family Homes

The March 2016 Monthly Market Detail Florida Single Family Homes continues to do well, though not as robust as last year.  Closed sales were down by 0.6% (was up by 0.4% in February) and new sales under contract (new pending sales) were down by 6.3% (was down by 3.6% in February).  The main reason fo the slowdown in sales is the shrinking inventory of available homes, though price increases in the past few years haven’t helped either.

Both median and average sales prices continue to rise ( March 2015 to March 2016) by 10.3% and 4.9% respectively, compared to February’s 11.1% and 9.2%.  Continuing a trend that has been ongoing for close to three years now.

The inventory of available homes for sale fell by 2.8% from last year.  Higher demand areas of Florida have seen decreasing inventory for more than two years.  For March there was only a 4.5 months supply of inventory, Florida remains in a sellers market with the advantage for sellers. (March of 2015 had a 5.0 month supply)

March 2016 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:

March 2016 Monthly Market Detail Florida Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

March 2016 Monthly Market Detail Florida Single Family Homes

Palm City 4 BR Pool Home Under Contract

Palm City 4 BR Pool Home Under Contract

After doing a thorough search for their desired home on the BlueWater Realty Team’s website, these buyers have decided to purchase 1120 SW 31st St. in Palm City FL.  This home is listed for $259,000.

Palm City FL real estate

A rare opportunity to own an affordable four bedroom, two bath, pool home in Palm City! Very nicely updated kitchen and featuring hardy plank siding, a large pool with a spacious fenced backyard. A convenient shed in the backyard is included in this sale to provide great extra storage.  This is an outstanding value in an A-rated school district and also in a convenient location with no HOA so there’s no problem if you want to park your boat or RV!

Palm City FL real estate Palm City FL real estate

Palm City FL real estate Palm City FL real estate

About Palm City Homes:

These are only the starting points when you begin to experience the splendors of owning a piece of Palm City Florida real estate. Of course, the selections of Palm City Florida real estate cover the spectrum and make you realize that this community does have something for everyone. The average market price within the Palm City Florida real estate is well below comparable homes in areas to the south of Martin County Florida essentially meaning your dollar can go farther here whether you are interested in any one of the following options:

Fox Run Palm City Market Report April 2016

Fox Run Palm City Market Report April 2016

For late April of 2016 there are no currently active listings in Fox Run in Palm City.

There are 3 homes under contract which have not closed to date.  These homes were listed from $399,900 up to $489,000 for an average list price of $442,933 or $211.30 per sq. ft. of living area.  These three homes averaged 54 days on market before going under contract.

In the past 12 months, 4 homes have sold in Fox Run.  Sales prices ranged from a low of $172,100 up to $439,000 for an average sales price of $334,525 which equals to $184.09 per sq. ft. of living area.  These homes sold for an average of 95% of their last listed price and also averaged 103 days on market before going under contract.

About Fox Run in Palm City

  Fox Run real estate in Palm City FL

Fox Run is a waterfront community on the Hidden Rive and just north of Murphy Road between Matheson Avenue and High Meadows Avenue.  Only 57 homes in this community and they were built from 1979 through 2005.  11 homes are on the banks of the Hidden River with deep water ocean access docks.  The remaining homes have exclusive access to a boat ramp as well as a large lot to store trailers and RV’s.

Fox Run real estate in Palm City FL

Homes are of a wide variety of sizes and shapes ranging from 4 bedroom, 3 bathroom homes of over 3,000 square feet of living area to just over 1,200 sq. ft. homes with 2 bedrooms and 2 bathrooms.

Fox Run real estate in Palm City FL

Other than the boat ramp and the storage/parking lot there are no other amenities in Fox Run keeping the HOA fees to a very reasonable $350 a year.

Fox Run real estate in Palm City FL

Close to shopping, restaurants and with easy access to Florida’s Turnpike for those commuting either north or south, this quiet residential area is the perfect spot for families or couples looking for a great neighborhood with access to boating and fishing.

Fox Run real estate in Palm City FL

Currently, children living in Fox Run are scheduled to attend Bessey Creek Elementary, Hidden Oaks Middle and Martin County High Schools.

Search for Fox Run real estate here!

Fox Run Palm City Market Report April 2016

Hobe Sound FL 33455 Condo Market Report March 2016

Hobe Sound FL 33455 Condo Market Report March 2016

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for March 2016

 

For March 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 5 active condo listings. (Decreased by 4 condos from February)

Hobe Sound FL 33455 Condo Market Report March 2016

7 Condos are pending and awaiting close. (Up by 2 condos from February)

Hobe Sound FL 33455 Condo Market Report March 2016

3 Condos sold. (Up by 3 from last month)

 Hobe Sound FL 33455 Condo Market Report March 2016

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  March brought the first sale for condos in Hobe Sound for 2016.  Though, with such low inventory, it is hard to make any meaningful comparisons as long as this market remains like this.

There were no sales in Hobe Sound condos for both January and February, but for March the absorption rate is 1.7 months, for December of 2015 it was 4 months.  Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes on percentages that may not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The March 2015 numbers were: 8 active listings, 9 pending sales and 4 closed sales.  Better activity last year with the slightly higher inventory.

Hobe Sound FL 33455 Condo Market Report March 2016

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Hobe Sound FL 33455 Condo Market Report March 2016

 

East Lake Village Home in Port St Lucie – Sold

East Lake Village Home in Port St Lucie – Sold

Listed for $149,974 and sold for $144,000 with the buyer introduced to this community by the Gabe Sanders BlueWater Realty Team.  For those first time home buyers needing exceptional values, give us a call.

East Lake Village in Port St Lucie

Beautiful 3 story town-house in East Lake Village in Port St Lucie, FL. There’s one bedroom and bathroom that could be the main bedroom on the first floor. The second floor has the kitchen, living room, dining room and a half bath, and the 3rd floor has two more bedrooms with bathrooms. Pool view looking out of two covered balconies. 2014 ac unit, 8 ft. ceilings. Two car garage. Community pool and children’s play area. A great location for shopping and restaurants.

East Lake Village in Port St Lucie East Lake Village in Port St Lucie

About East Lake Village in Port St. Lucie

Located East of US-1 and just to the North of Port St. Lucie Blvd., East Lake Village is a newer community of townhomes and single family homes of many different sizes and floorplans.  All of the homes are 2 story with the townhomes attached on at least one side to their neighbor.

East Lake Village in Port St Lucie East Lake Village in Port St Lucie

Sizes of these homes range from 4 bedroom, 3 and ½ bathroom homes with 2 car garages of over 2,300 sq. ft. of living area down to 2 bedroom, 2 and ½ bathroom townhomes with 1 car garage and 1,350 sq. ft. of living area.

East Lake Village in Port St Lucie East Lake Village in Port St Lucie

All ages are welcome in East Lake Village.  Pets are permitted with some restrictions depending on the section of interest.  For the single family homes, 2 large pets are permitted.  HOA fees range from $160 a month up to $210 per month, once again depending on the section where the home is located.

East Lake Village in Port St Lucie

Great location close to medical facilities, restaurants and shopping and only about 15 to 20 minutes to the crystal clear waters of the Atlantic Ocean in Jensen Beach FL.

East Lake Village Homes for Sale

For a more complete list of available East Lake Village homes and townhomes please sent us a note or call.

East Lake Village Home in Port St Lucie – Sold

Hobe Sound FL 33455 Residential Market Report March 2016

Hobe Sound FL 33455 Residential Market Report March 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for March 2016

  For March 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 206 active listings. (Down by 6 homes from February)

Hobe Sound FL 33455 Residential Market Report March 2016

116 Residential sales are pending and awaiting close  (Up by 9 homes from February)

Hobe Sound FL 33455 Residential Market Report March 2016

56 Homes Sold in March (Up by 19 homes from last month)

Hobe Sound FL 33455 Residential Market Report March 2016

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County rebounded very strongly for March with increases in closed and pending sales.  With this kind of activity, the available inventory of homes for sale just isn’t enough to meet the buyers demands.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 3.8 months (7.6 months in February).  Back to a very strong sellers market after two months of either a balanced or buyers markets.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for March 2015 were:  220 active listings, 122 pending sales and 52 closed sales. Stronger closed sales for 2016, but better pending sales and a slightly greater inventory last March.

Hobe Sound FL 33455 Residential Market Report March 2016

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Hobe Sound FL 33455 Residential Market Report March 2016

Villa Del Sol Condo in Jensen Beach Under Contract

Villa Del Sol Condo in Jensen Beach Under Contract

Unit 3-G in the Villa Del Sol condominiums of Jensen Beach is now under contract.  This townhouse style condo was listed for $235,000 and will soon be the winter home for a great New York family.

Villa del Sol real estate on Hutchinson Island

Don’t miss this rare opportunity to own your 2 bedroom, 2 bathroom condo directly on the Ocean with reasonable monthly fees and close to great shopping & dining. This fabulous open concept unit has been almost totally renovated. It features a huge living/dining area, a tasteful new kitchen with contemporary cabinetry, granite counter tops, new stainless steel appliances & a large pantry, tile flooring throughout, split bedrooms and two gorgeous bathrooms.  As a bonus, this building has a brand new roof as of December 2015.

Villa del Sol real estate on Hutchinson Island Villa del Sol real estate on Hutchinson Island

Walk to shopping as well as the public beach at the Jensen Beach causeway.  Just a short bike or car ride to downtown Jensen Beach for restaurants, grocery shopping and all amenities.

Villa del Sol real estate on Hutchinson Island Villa del Sol real estate on Hutchinson Island Villa del Sol real estate on Hutchinson Island

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Jensen Beach FL 34957 Condo Market Report March 2016

Jensen Beach FL 34957 Condo Market Report March 2016

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for March 2016

For March 2016 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 25 active listings. (Decreased by 1 condos from February)

Jensen Beach FL 34957 Condo Market Report March 2016

13 Condo sales are pending and awaiting settlement. (Decreased by 5 condos from February)

Jensen Beach FL 34957 Condo Market Report March 2016

9 Condos Sold (Decreased by 2 condos from February)

Jensen Beach FL 34957 Condo Market Report March 2016

 The Jensen Beach FL 34957 Condo Market Report March 2016 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  The Jensen Beach condo inventory is the real issue with not enough to choose from for those buyers looking in the area.  Good listings at fair prices continue to fly off the market.

The one month absorption rate for the March 2016, Jensen Beach Florida Market Report ZIP Code 34957 plunged to 2.8  months (from 2.4 months in February), continuing as a pretty extreme sellers market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The March 2015 numbers were: 30 active listings, 21 pending sales and 5 condos closed.  Closed sales are better this year than last while pending sales were stronger last year.

Jensen Beach FL 34957 Condo Market Report March 2016

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Jensen Beach FL 34957 Condo Market Report March 2016

Stuart Condo in Waterfront Community – New Price

Pierpoint Condo in Stuart – New Price

Now only $89,000 for this well located and updated Stuart FL condo in the waterfront community of Pierpoint.

Pierpoint Condos in Stuart FL

This is the perfect winter getaway from those cold northern winters. With the opportunity to have your own boat only steps away to enjoy fishing or the many waterways of the Treasure Coast of Florida. Or, for some a great new permanent residence with no lawns to mow or exterior maintenance to worry about.

Pierpoint Condos in Stuart FLPierpoint Condos in Stuart FL

Nicely updated 1 bedroom, 1 and ½ bathroom condo in Pierpoint. Serene pond views from the balcony of this surprisingly spacious condo. Kitchen has granite tile counter-tops and upgraded white cabinets. This unit comes fully furnished and in move in condition. Pierpoint is a waterfront community with dockage available for lease at very reasonable rates as well as kayak storage. There are two community pools, clubhouse with full kitchen, fitness room and a library. Fantastic location in the heart of Stuart only minutes to shopping, downtown, medical facilities and the beaches, yet still in a quiet residential area. Pierpoint is an adult community and no pets are allowed. Opportunities like this don’t come often.

Pierpoint Condos in Stuart FL Pierpoint Condos in Stuart FL Pierpoint Condos in Stuart FL

About Pierpoint Condominiums

This friendly, active 55+ condominium offers two community pools, grills, shuffleboard, a waterfront clubhouse and dock. Located in the heart of Stuart and on the shores of the wide Saint Lucie River, the Pierpoint Yacht Club Condominiums is the premier adult community in Stuart, Florida. Extremely well maintained complex of 8 buildings, some of which have magnificent water views.

Pierpoint Condos in Stuart FL Pierpoint Condos in Stuart FL

Pierpoint has docks with boat slips for rent as available. Also on this dock is a fishing station and benches for all Pierpoint residents to enjoy and use. Stuart enjoys some of the finest fishing conditions in all of Florida and the east coast.

Pierpoint Condos in Stuart FL Pierpoint Condos in Stuart FL

On the shores of the Saint Lucie River, Pierpoint has a large and active clubhouse with a full kitchen available for members and special occasions. Adjacent to the clubhouse is one of two heated pools, a billiard room, reading library and shuffle board courts. There’s an outdoor lounge for sipping cocktails right on the shores of the wide Saint Lucie River. Lots of green space and ample parking complement this wonderful community.

Pierpoint Condos in Stuart FL Pierpoint Condos in Stuart FL Pierpoint Condos in Stuart FL

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Stuart Condo in Waterfront Community – New Price

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Jensen Beach FL 34957 Residential Market Report March 2016

Jensen Beach FL 34957 Residential Market Report March 2016

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for March 2016

 For March 2016 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 124 active listings. (Down by 4 homes from last month)

Jensen Beach FL 34957 Residential Market Report March 2016

66 Residential sales are pending and awaiting close or lender approval. (Down by 5 homes from February)

Jensen Beach FL 34957 Residential Market Report March 2016

29 Homes Sold (Increased by 9 homes from February)

Jensen Beach FL 34957 Residential Market Report March 2016

The Jensen Beach FL 34957 Residential Market had a good strong March with increased closed sales.  Unfortunately pending sales were off slightly and the inventory was also down a little.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 4.3 months (was 6.4 months in February).  After one month in a balanced market, we’re back into a sellers market.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The March 2015 numbers were: 142 active listings, 85 pending sales and 29 home sales closed.   The same number of closed sales for this year when compared to March of 2015 with less inventory and also less homes under contract.
Jensen Beach FL 34957 Residential Market Report March 2016

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Jensen Beach FL 34957 Residential Market Report March 2016

Fishermans Village 1/2 Duplex in Stuart Sold

Fishermans Village 1/2 Duplex in Stuart Sold

Fishermans Village real estate in Stuart FL

This half duplex has been sold by the Gabe Sanders Realty Team.  The sales price was $123,500 which is the highest sales price for a 1/2 duplex in Fishermans Village in the past 7 years.

Fishermans Village real estate in Stuart FL Fishermans Village real estate in Stuart FL

Fishermans Village 1/2 duplex with 2 bedrooms, 1 bath, 1 car garage and storage. Laundry room inside the home with washer and dryer. Very well maintained CBS home located just across the street from the Sable Club, with both a boat ramp and docks available for lease at very reasonable rates ($350/yr for dock and $125/yr for ramp). Fenced yard with well fed sprinklers. Great location close to downtown, schools, beaches, shopping and medical facilities.

Fishermans Village real estate in Stuart FL Fishermans Village real estate in Stuart FL

Amazing opportunity for the fisherman on a tight budget or for anyone looking for an affordable central Stuart home.

Fishermans Village real estate in Stuart FL Fishermans Village real estate in Stuart FL Fishermans Village real estate in Stuart FL Fishermans Village real estate in Stuart FL Fishermans Village real estate in Stuart FL

Search for all available Fishermans Village Homes for Sale

Fishermans Village 1/2 Duplex in Stuart Sold

Palm City FL 34990 Condo Market Report March 2016

Palm City FL 34990 Condo Market Report March 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for March 2016

 

For March 2016 in the 34990 Zip Code area of Palm City, Florida :



There are currently 65 active condo listings. (No change in active condos from February)

   Palm City FL 34990 Condo Market Report March 2016

15 Condo sales are pending and awaiting close or lender approval. (Up by 1 condos from last month)

Palm City FL 34990 Condo Market Report March 2016

4 Condos Sold in March. (Down by 2 condos from February)

Palm City FL 34990 Condo Market Report March 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For March of 2015 sales were off while there was a small increase in pending sales.  Inventory is actually higher than in the recent past.

The current absorption rate for condos in the 34990 zip code area rose to 16.25 months (was 10.8 months in March).   An extreme buyers market for Palm City condos, though these numbers should be taken with a grain of salt because of the low number of available properties.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The March 2015 numbers were: 48 active listings, 15 pending sales and 6 closed sales.   Slightly better activity last year when compared to March of 2016, along with the unusual fact of greater inventory this year when compared to 2015.
Palm City FL 34990 Condo Market Report March 2016

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Palm City FL 34990 Condo Market Report March 2016

Cedar Pointe Village 6 2 Bedroom Condo Reduced

Cedar Pointe Village 6 2 Bedroom Condo Reduced


Cedar Pointe Condo in Stuart FL – 2 BR/2 BA, End Unit
Overview
Maps
Photos
Description
Neighborhood
$64,000
Enjoy this 2 bedroom, 2 bathroom 2’nd floor end unit condo in Cedar Pointe.  This spacious condo is available for immediate occupancy and features a newly painted living, dining and guest bedrooms.  The master bathroom has been completely renovated while the remainder of this condo has great potential and is in need of some updating.  Enjoy this wonderful community in one of the best locations in Stuart.  Close to shopping, restaurants, beaches, golf and historic downtown Stuart.  Cedar Pointe is a 55+ community and no pets are permitted.  Rentals are permitted after 0ne year of ownership for a minimum of 3 months one time per year.
Main Features
2 Bedrooms
2 Bathrooms
Interior: 992 sq.ft.
Year Built: 1970
MLS #: 387135
Location
2929 SE Ocean Blvd.
115-6
Stuart, FL 34996
USA

Gabe Sanders Gabe Sanders

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Palm City FL 34990 Residential Market Report March 2016

Palm City FL 34990 Residential Market Report March 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for March 2016

 

For March 2016 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 399 active listings (Decreased by 16 homes from February)

Palm City FL 34990 Residential Market Report March 2016

 179 Residential sales are pending and awaiting close or lender approval. (Increased by 17 homes from last month)

Palm City FL 34990 Residential Market Report March 2016

80 Homes Sold in February (Increased by 24 sold homes from February)

Palm City FL 34990 Residential Market Report March 2016

The Palm City FL, zip code 34990, residential real estate market jumped back into a sellers market after two months of somewhat slower closed and pending volume.  It looks to be a strong spring and summer market for Palm City in 2016.
The monthly absorption rate decreased to to 5 months from 7.4 months in February.  Back into a sellers market after two months of a buyers market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The March 2015 numbers were:  435 active listings, 188 pending sales and 68 closed sales.  Better closed volume for this year as compared to last year with less inventory.

Palm City FL 34990 Residential Market Report March 2016

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Palm City FL 34990 Residential Market Report March 2016