Real Estate in and around Stuart Florida
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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)
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.
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.
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!
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:
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.
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.
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.
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.
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.
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!
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)
7 Condos are pending and awaiting close. (Up by 2 condos from February)
3 Condos sold. (Up by 3 from last month)
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 Florida Real Estate presented by:
Gabe Sanders
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.
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.
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.
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.
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.
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.
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)
116 Residential sales are pending and awaiting close (Up by 9 homes from February)
56 Homes Sold in March (Up by 19 homes from last month)
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.
Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team
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.
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.
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.
Click here to see all Villa Del Sol Condos for sale
Or, search all Hutchinson Island Condos on the market
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)
13 Condo sales are pending and awaiting settlement. (Decreased by 5 condos from February)
9 Condos Sold (Decreased by 2 condos from February)
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 Florida Real Estate presented by:
Gabe Sanders
Now only $89,000 for this well located and updated Stuart FL condo in the waterfront community of Pierpoint.
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.
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.
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 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.
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.
Search for all Pierpoint Yacht Club Condos for Sale in Stuart Florida Real Estate
Stuart Florida Real Estate presented by:
the Gabe Sanders BlueWater Realty team
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)
66 Residential sales are pending and awaiting close or lender approval. (Down by 5 homes from February)
29 Homes Sold (Increased by 9 homes from February)
All Residential properties for sale in the 34957 Zip Code area of Jensen Beach FL
Jensen Beach Florida Real Estate presented by:
the Gabe Sanders real estate team
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 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.
Amazing opportunity for the fisherman on a tight budget or for anyone looking for an affordable central Stuart home.
Search for all available Fishermans Village Homes for Sale
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)
15 Condo sales are pending and awaiting close or lender approval. (Up by 1 condos from last month)
4 Condos Sold in March. (Down by 2 condos from February)
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.
Palm City Florida Real Estate presented by:
Gabe Sanders
| Overview Maps Photos Description Neighborhood |
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| Gabe Sanders
BlueWater Realty Services
(772) 323-6996 http://www.GabeSanders.com       
Listed by: BlueWater Realty Services |
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Jensen Beach Rental
Cedar Pointe Condo – End Unit Palm City Waterfront with Dock Conquistador Condo in Stuart Pierpoint Condo in Stuart FL
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Nearby properties for sale |
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)
179 Residential sales are pending and awaiting close or lender approval. (Increased by 17 homes from last month)
80 Homes Sold in February (Increased by 24 sold homes from February)
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.
All Palm City Residential Properties for Sale
Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team
981 NE Zebrina Senda has gone under contract with a buyer introduced to this pool home by the Gabe Sanders Realty Team. The list price for this home is $219,900.
Discover this 3, possible 4 bedroom pool home in popular Jensen Park Estates! New roof, newly resurfaced pool & newer baths! Covered patio and fenced backyard, wood floors, crown moldings, eat-in kitchen!
Jensen Park Estates is a non-gated community located just west of Savannah Rd in the heart of Jensen Beach. There are 381 home sites in this community, most of which have been built upon. Homes were built from 1980 to the latest one which was completed in 2010.
There’s a wide range of sizes and shapes of homes ranging from 6 bedroom homes with over 3,100 sq. ft. of living area down to more modest 2 bedroom, 2 bathroom homes with just under 1,100 sq. ft. There are both frame and concrete block construction as well as homes with and without private pools.
Some homes have large lots of over ½ acre while others are fairly modest lots with just over .12 acres. Homeowner fees are a very reasonable $150 per year.
Neighborhood children attend the Jensen beach Elementary School which is just a little over ½ mile away, Stuart Middle School and the Jensen Beach High School.
Very close to shopping areas of US-1 as well as close to the Intracoastal (the Indian River) with its boat ramps, public beaches on Hutchinson Island, Indian Riverside park, and much more.
Jensen Park Estates is an excellent option for both families and retirees looking for affordable homes in the heart of Jensen Beach.
Search here for available Jensen Beach Estates Homes for Sale
Visit GabeSanders.com for more information about Stuart FL real estate with individual community searches and information along with the most recent market reports.
For March 2016 in the 34997 Zip Code area of Stuart, Florida :
There are currently 75 active condo listings (Down by 3 condos from February).
38 Condo sales are pending and awaiting close or lender approval (No change in condos from February).
21 Condos Sold in March (Increased by 12 condos from February).
The March 2015 numbers were: 43 active listings, 31 pending sales and 15 closed sales. One of the few segments of the Martin County real estate market with a higher inventory this year as compared to last. And, because of this, there’s better activity as well.
Stuart Florida Real Estate presented by:
Gabe Sanders
There are currently 308 active listings (Decreased by 13 homes from February).
175 Residential sales are pending and awaiting close or lender approval (Increased by 40 homes from February).
78 Homes Sold in March (Increased by 20 homes from February)
Search here for 34997 Zip Code of Stuart FL real estate for sale
Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team
13 Palm Road in Sewalls Point has been sold to a buyer brought by the Gabe Sanders BlueWater Realty Team. This very private home with a deeded dock was sold for $460,000.
This is an amazing opportunity to own a home in South Sewall’s Point and have your boat docked just minutes from the inlet. Dock has water and power and can accommodate up to a 30 ft. boat. This 1/3 acre corner lot has good elevation and does not require flood insurance. Mature oaks surround the pool enclosure and frame with a lushly landscaped and fenced backyard. The home has three bedrooms, two bathrooms and a two car garage. In an awesome location with great bones, but a little updating can make this a spectacular home. Those with some vision and resources will enjoy this Sewall’s Point gem for a long time.
The Town of Sewall’s Point, a unique peninsula located between the St. Lucie and Indian Rivers, has a Commission form of government consisting of five elected Commissioners and a staff that includes a part-time Town Manager, a Town Clerk/Treasurer, a Police Chief and Police Department and a Building Official who heads the Building and Public Works Departments. All Town government operations are located in the Town Hall which also houses a sixty seat Meeting Hall.
The Town is a residential community with a small commercial area. It is bounded on the east by the Indian River, on the south and west by the St. Lucie River and on the north by unincorporated areas of Martin County. The peninsula is 3.5 miles long and an average third of a mile in width. Of the 780 acres comprising the Town, 766 acres or 98.20% are designated for single family use. The southernmost point of the peninsula lies approximately two miles west of the Atlantic Ocean via the St. Lucie Inlet. Hutchinson Island is to the east across the Indian River and the City of Stuart is to the west across the St. Lucie River.
Search here for all Sewalls Point homes for sale
For March 2016 in the 34996 Zip Code area of Stuart, Florida :
There are currently 114 active condo listings (Down by 4 condos last month).
53 Condo sales are pending and awaiting close or lender approval (Decreased by 5 condos from February).
29 Condos Sold in March (Increased by 11 condos from February)
The Stuart FL 34996 Condo Market of Stuart showed continued strengthening from a weaker first two months of the year. Though the inventory remains stubbornly low and pending sales were off, which will indicate some reduction in closed volume for the future.
The current absorption rate for the Stuart Florida condos in ZIP Code 34996 plunged to only 3.9 months from February’s 6.6 months. Back into a strong sellers market for March. A balanced market is considered to occur when the absorption rate is from 6 to 7 months.
The numbers for March 2015 were: 110 active listings, 61 pending sales and 36 closed sales. Still not as strong a market as last March.
Stuart Florida Real Estate presented by:
Gabe Sanders
