Hobe Sound Florida Market Report ZIP Code 33455 Residential October 2013

11.26.13 by

Hobe Sound Florida Market Report ZIP Code 33455  Residential October 2013

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for October 2013

 For October 2013 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 249 active listings. (Up by 4 homes from September)
Hobe Sound Florida Market Report ZIP Code 33455 Residential October 2013

84 Residential sales are pending and awaiting close  (Increased by 15 homes from September)
Hobe Sound Florida Market Report ZIP Code 33455 Residential October 2013

 

26 Homes Sold in October (Down by 23 homes from last month)
Hobe Sound Florida Market Report ZIP Code 33455 Residential October 2013

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County remains quite active and is one of the strongest performing areas of our county.  After last month’s large decrease in pending sales, we had a significant decrease in closed sales this moth as well.  Hopefully, this is just a seasonal effect and will not signify slower sales for the near future.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 is at 9.6 months (5 months in September).  This is an unexpected jump back into a fairly strong buyer’s market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for October 2012 were:  300 active listings, 79 pending sales and 26 closed sales.   Slightly better numbers for this year when the reduced inventory is factored into the activity.

 

 Please use the charts below as reference only as they rely on all residential types of property in the 34994 real estate market:

 Hobe Sound Florida Market Report ZIP Code 33455 Residential October 2013

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Hobe Sound Florida Market Report ZIP Code 33455 Residential, October 2013

Jensen Beach Florida Market Report ZIP Code 34957 Condo October 2013

11.25.13 by

Jensen Beach Florida Market Report ZIP Code 34957 Condo October 2013

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for October 2013

 

For October 2013 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 36 active listings. ( Increased by 1 condos from September)
Jensen Beach Florida Market Report ZIP Code 34957 Condo October 2013

13 Condo sales are pending and awaiting close or lender approval. (Down by 4 condo from September)
 Jensen Beach Florida Market Report ZIP Code 34957 Condo October 2013

 

7 Condos Sold (Increased by 2 condos from September)
Jensen Beach Florida Market Report ZIP Code 34957 Condo October 2013


The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  Inventory remains very low even though we’ve had small increases in the past two months.   Pending sales were off  for the second month while closed sales rose slightly.

The one month absorption rate for the October 2013, Jensen Beach Florida Market Report ZIP Code 34957 jumped to 5.1 months (7 months in September), signifying a step into a slight sellers market. A balanced market is considered to be a 6 month absorption rate favoring neither the buyer or seller.

The October 2012 numbers were: 29 active listings, 22 pending sales and 8 condos closed.   Not as good a market this year as compared to last for the Jensen beach Condo segment of the Martin County real estate market.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34957 real estate market:

Jensen Beach Florida Market Report ZIP Code 34957 Condo October 2013

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Jensen Beach Florida Market Report ZIP Code 34957 Condo October 2013

Price Reduced in Palm Cove Golf and Yacht Club Estate Home

11.25.13 by

Price Reduced in Palm Cove Golf and Yacht Club Estate Home

This Palm Cove Golf and Yacht Club Custom Home at 209 SW Hatteras Court is now listed for $535,000.
Home has brand new engineered hard wood floors as well as a fresh paint job.

Palm Cove Golf and Yacht Club Custom Home

Spacious Home in Palm Cove with over 3600 sq. ft. of living area.

 Palm Cove Golf and Yacht Club Custom Home

Live the good life in Palm Cove. Community marina, non-equity golf & river front clubhouse. Outstanding custom home built by McNamara, updated by current owner. Innovative design & attention to detail will captivate you. Large entry hall, formal dining room, wood paneled office/4th bdrm, bath. Open living room w/ wet bar, fireplace, hardwood floors, tray ceiling, recessed lights. French doors to screened pool. covered lanai. Gourmet kitchen w/ stainless appliances, marble counters, pantry, center island. Two guest suites with baths.Over sized master includes large sitting area, tray ceiling, two walk in closets. Elegant marble master bath, double vanities. New roof, gutters, AC. Come and see this very special Palm Cove Golf and Yacht Club home.

Palm Cove Golf and Yacht Club Custom Home

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Price Reduced in Palm Cove Golf and Yacht Club Estate Home

Jensen Beach Florida Market Report ZIP Code 34957 Residential October 2013

11.24.13 by

Jensen Beach Florida Market Report ZIP Code 34957 Residential October 2013

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for October 2013

 For October 2013in the 34957 Zip Code area of Jensen Beach, Florida :

 

 There are currently 127 active listings. (An increase of 3 homes from last month)
Jensen Beach Florida Market Report ZIP Code 34957 Residential October 2013

75 Residential sales are pending and awaiting close or lender approval. (Up by 6 homes from September)
Jensen Beach Florida Market Report ZIP Code 34957 Residential October 2013

17 Homes Sold (Decreased by 11 homes from September)

Jensen Beach Florida Market Report ZIP Code 34957 Residential October 2013

For October 2013 the most significant change for the Jensen Beach residential real estate market, zip code 34957 was a considerable drop in closed sales.  An increase in pending sales bodes well for future sales as does the second month of a slowly increasing inventory.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 jumped to 7.5 months (4.4 months in September).  A slight buyer’s market for now.   A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The October 2012 numbers were: 109 active listings, 74 pending sales and 24 home sales closed.   Interestingly the inventory for the Jensen beach residential real estate market is higher this year than last, unlike most other parts of Martin County.  Overall the activity for this year was not as good as for 2012.
 
 
Please use the charts below as reference only as they rely on all residential types of property in the 34957 real estate market:
Jensen Beach Florida Market Report ZIP Code 34957 Residential October 2013 

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Jensen Beach Florida Market Report ZIP Code 34957 Residential October 2013

Palm City Florida Market Report ZIP Code 34990 Condo October 2013

11.23.13 by

Palm City Florida Market Report ZIP Code 34990 Condo October 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for October 2013

 

For October 2013 in the 34990 Zip Code area of Palm City, Florida :



There are currently 59 active condo listings. (Up by 4 condos from September)
Palm City Florida Market Report ZIP Code 34990 Condo October 2013

6 Condo sales are pending and awaiting close or lender approval. (Decreased by 2 condos from last month)
Palm City Florida Market Report ZIP Code 34990 Condo October 2013

 

4 Condos Sold in October. (Down by 1 condo from September)

Palm City Florida Market Report ZIP Code 34990 Condo October 2013

 

 The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes.  Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results.  The October market activity showed the second month in a row of increased inventory, though unfortunately both pending and closed sales were off.

The current absorption rate for condos in the 34990 zip code area is 14.8 months (was 11 months in September), signifying a buyers market.   A balanced market is considered to be an absorption rate of around 6 months.
 
The October 2012 numbers were: 59 active listings, 9 pending sales and 4 closed sales.   Almost identical to 2012 activity with fewer pending sales this year.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:

Palm City Florida Market Report ZIP Code 34990 Condo October 2013

 

Search here for Palm City Florida Real Estate for Sale ( Condos)
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Palm City Florida Market Report ZIP Code 34990 Condo October 2013

Palm City Florida Market Report ZIP Code 34990 Residential October 2013

11.22.13 by

Palm City Florida Market Report ZIP Code 34990 Residential October 2013

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for October 2013

 

For October 2013 in the 34990 Zip Code area of Palm City Florida :


There are currently 416 active listings (An increase of 37 homes from September)

Palm City Florida Market Report ZIP Code 34990 Residential October 2013

144 Residential sales are pending and awaiting close or lender approval. (Decreased by 3 homes from last month) Palm City Florida Market Report ZIP Code 34990 Residential October 2013

 

54 Homes Sold in October (Increased by 6 homes from September)

Palm City Florida Market Report ZIP Code 34990 Residential October 2013

 
After some disappointing sales numbers for September for the Palm City, zip code 34990, area of Martin County Florida, there was a rebound for October..   Also, the second month in a row with sizable gain in inventory. Pending sales were off slightly.  Most interesting is the increase in inventory. 
 
The current absorption rate dropped slightly to to 7.7 months from 7.9 months in September, but is at a much more sustainable rate than the hot sellers market we had in Palm City during the spring and early summer.  A slight buyers market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.  I don’t expect a buyers market to last, as I think sales will be picking up soon in Palm City once again.

The October 2012 numbers were:  420 active listings, 150 pending sales and 49 closed sales.   Very similar activity to last year.

 

 Please use the charts below as reference only as they rely on all residential types of property in the 34990 real estate market:

Palm City Florida Market Report ZIP Code 34990 Residential October 2013 

 

 

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Palm City Florida Market Report ZIP Code 34990 Residential October 2013

Stuart Florida Market Report ZIP Code 34994 Condo, October 2013

11.21.13 by

Stuart Florida Market Report ZIP Code 34994 Condo, October 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for October 2013

For October, 2013 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 121 active condo listings (Increased by 2 condos from September). Stuart Florida Market Report ZIP Code 34994 Condo, October 2013

43 Condo sales are pending and awaiting close or lender approval. (Down by 5 condos from last month)
  Stuart Florida Market Report ZIP Code 34994 Condo, October 2013

 

14Condos Sold in October (Decreased by 1 condo from September).

Stuart Florida Market Report ZIP Code 34994 Condo, October 2013

For the summer season in the Stuart Condo market for zip code 34994 both pending and closed sales were down again for October.   The inventory grew for a second month in a row by 2 condos.  Not unexpected results as the condo market in Martin County is very seasonably dependent, though other segments of the Stuart condo market have had better activity.  We are now awaiting the ‘snowbirds’ to return and to see how they feel about buying in our market.

The one month absorption rate rose to 8.6 months compared to last months 7.9.  Back into a more pronounced buyer’s market.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last October the numbers were 143 active listings, 45 pending sales, and 13 closed sales.   When the reduced inventory is accounted for, the real estate market for condos in the 34994 zip code area of Stuart is still out-performing October 2012 activity.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34994 real estate market:

Stuart Florida Market Report ZIP Code 34994 Condo, October 2013

Search here for Stuart Florida Real Estate for Sale ( Condos)

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Stuart Florida Market Report ZIP Code 34994 – Condo, October 2013

Stuart Florida Market Report ZIP Code 34994 Residential October 2013

11.20.13 by

Stuart Florida Market Report ZIP Code 34994 Residential October 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for October 2013

For October, 2013 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 62 active listings (Down 12 from September)

Stuart Florida Market Report ZIP Code 34994 Residential October 2013

 

48 Residential sales are pending and awaiting close or lender approval (Up 12 homes from September).

Stuart Florida Market Report ZIP Code 34994 Residential October 2013
 

8 Homes Sold in September (Decreased by 1 home from September)

Stuart Florida Market Report ZIP Code 34994 Residential October 2013

The 34994 ZIP code area of the Stuart, Florida had mixed activity for October.  The inventory of available homes is now only 50 homes, which is very low.  Pending sales had a nice jump and closed sales were off by 1 home.

The one month absorption rate for the 34994 zip code for October decreased to 6.3 months from last months 6.9 months.  Basically a balanced market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage. 

The October 2012 numbers were 67 Active Listings, 33 pending sales and 9 closed sales.   With a considerably lower inventory, the 34994 section of Stuart is doing better as compared to last year, significantly in the pending sales numbers.

Please use the charts below as reference only as they rely on all residential types of property in the 34994 real estate market:

Stuart Florida Market Report ZIP Code 34994 Residential October 2013

 

Search here for Stuart Florida Real Estate for Sale

 

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Stuart Florida Market Report ZIP Code 34994 Residential October 2013

Stuart Florida Market Report ZIP Code 34996 Condo October 2013

11.19.13 by

Stuart Florida Market Report ZIP Code 34996 Condo October 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for October 2013

For October 2013 in the 34996 Zip Code area of Stuart, Florida :

There are currently 171 active condo listings (Down 5 condos from last month).
Stuart Florida Market Report ZIP Code 34996 Condo October 2013

 

32 Condo sales are pending and awaiting close or lender approval (Decreased by 3 condos from September).

Stuart Florida Market Report ZIP Code 34996 Condo October 2013 

 

22 Condos Sold in October (Up by 5 from September) 

 Stuart Florida Market Report ZIP Code 34996 Condo October 2013

A steady real estate market for the Stuart Florida Market Report ZIP Code 34996 for Condos for October 2013.  Sales were up and pending sales continue to be strong (even if off by a little this month).   The inventory decreased again making fewer available condos for sale for buyers that are looking.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo decreased to 7.8  months from September’s 10.4.  Still a buyers market for October of 2013, but very close to being balanced.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for October 2012 were: 194 active listings, 26 pending sales and 17 closed sales.  We continue to outperform last years activity levels.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34996 real estate market:

Stuart Florida Market Report ZIP Code 34996 Condo October 2013

Search here for Stuart Florida Real Estate for Sale ( Condos)

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Stuart Florida Market Report ZIP Code 34996 Condo October 2013

Stuart Florida Market Report ZIP Code 34996 Residential October 2013

11.18.13 by

Stuart Florida Market Report ZIP Code 34996 Residential October 2013

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for October 2013

 

For October, 2013 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 129 active listings (Decreased by 11 homes from September).
Stuart Florida Market Report ZIP Code 34996 Residential October 2013

 

27 Residential sales are pending and awaiting close or lender approval (Increased by 11 homes from September). Stuart Florida Market Report ZIP Code 34996 Residential October 2013

 

13 Homes Sold in October (No change from September).
Stuart Florida Market Report ZIP Code 34996 Residential October 2013

 

 

After a very soft September for the 34996 zip code area of Stuart Florida real estate market, activity for October picked up quite well.  Though a bit surprising as the trend for most of our areas was a little light for October.  Pending sales rebounded from September, while closed sales remained steady.  The inventory, which took a nice jump in September, once again decreased this October. 

The one month absorption rate for the 34996 zip code area of Stuart Florida for October decreased to 9.9 months as compared to September’s 10.8 months.  Still a buyer’s market for the 34996 zip code area of Stuart.  A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for October of 2012 were: 157 active listings, 33 pending sales and 12 closed sales.   Slightly improved market as compared to last year.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34996 real estate market:

 Stuart Florida Market Report ZIP Code 34996 Residential October 2013

Search here for Stuart Florida Real Estate for Sale


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Stuart Florida Market Report ZIP Code 34996 Residential October 2013

Palm Cove Golf and Yacht Club Open House November 17

11.17.13 by

Palm Cove Golf and Yacht Club Open House November 17

Come and join us in this Palm Cove Golf and Yacht Club custom pool home in this prestigious Palm City, Florida Golf and Yachting community.  The open house will be on Sunday, November 17 from 1 to 4 PM.

This Palm Cove Golf and Yacht Club Custom Home at 209 SW Hatteras Court is listed for $535,000.

Spacious Home in Palm Cove with over 3600 sq. ft. of living area.

Live the good life in Palm Cove. Community marina, non-equity golf & river front clubhouse. Outstanding custom home built by McNamara, updated by current owner. Innovative design & attention to detail will captivate you. Large entry hall, formal dining room, wood paneled office/4th bdrm, bath. Open living room w/ wet bar, fireplace, hardwood floors, tray ceiling, recessed lights. French doors to screened pool. covered lanai. Gourmet kitchen w/ stainless appliances, marble counters, pantry, center island. Two guest suites with baths.Over sized master includes large sitting area, tray ceiling, two walk in closets. Elegant marble master bath, double vanities. New roof, gutters, AC. Come and see this very special Palm Cove Golf and Yacht Club home.

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Palm Cove Golf and Yacht Club Open House November 17

Rocky Point Home Price Reduced and Open House

11.15.13 by

Rocky Point Home Price Reduced and Open House

Join us on Sunday, November 17 from 1 to 4 PM at 5695 SE Matousek St. in Rocky Point, Stuart, FL for an open house.  Get a first hand look at this totally remodeled home with easy access to fishing and boating just off the Saint Lucie Inlet.

The price has been reduced to $349,900.  Sellers are motivated and requesting offers.

Marina of Rocky Point Estates

An amazing opportunity in Rocky Point Estates.  This two story Key West style pool homes has seen a total makeover in the past few years.  The second floor is a spacious 2 BR, 1 BA, space with a full country kitchen, living and dining areas and laundry room. There’s a 360 degree covered wrap around porch to enjoy the cool ocean breezes year round.  Floors are Dade County Pine.  The living room has a Vermont Casting wood stove for those rare winter days when a little warmth may be required.  A newer 30 year metal roof (2005). The attic, trusses, decks and staircase are all Cypress (which is no longer available for home construction).  This structure is supported by reinforced poured concrete.

Exterior of Rocky Point Pool Home

The CBS first floor has been recently updated.  Boasting a great room concept with 1 BR and 1 Bath and new kitchen with granite counters and stainless appliances.  Spacious bathroom with Carrera marble.  Perfect for the extended family needing two living spaces or a possible income producing apartment. Only steps away from the Rocky Point Estates marina and boat ramp. As of this writing docks are available for sale or lease. Please call for an extensive list of features and updates for this home.   

Living area of Rocky Point Pool Home

Living area of Rocky Point Pool Home

There’s a gas heated pool and spa on the perfectly manicured grounds.  Two driveways.  Backup generator that will power both levels.  Security system. Attached car port that can easily be enclosed to a garage.

Apartment Kitchen in Rocky Point Pool Home

Rocky Point Estates is a boating community with a marina and boat ramp that is only minutes from the crystal clear waters of the Atlantic.  A mecca for fisherman from the world over.  There’s also a large picnic area with a covered portico as well as fishing piers with cleaning stations.  All only steps from this home.  Docks are available to purchase and lease for only the residents and members of the Rocky Point Estates Homeowners Association.  HOA fees are a minimal $75.00 per year.

Pool of Rocky Point Pool Home

Boat Ramp of Rocky Point Estates

 

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Rocky Point Home Price Reduced and Open House

Stuart Florida Market Report ZIP Code 34997 Condo October 2013

11.14.13 by

Stuart Florida Market Report ZIP Code 34997 Condo October 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2013

 

For October 2013 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 91 active condo listings (Increased by 15 condos form September).Stuart Florida Market Report ZIP Code 34997 Condo October 2013

 

 

17 Condo sales are pending and awaiting close or lender approval (Down by 9 condos from September).

 Stuart Florida Market Report ZIP Code 34997 Condo October 2013

 

19 Condos Sold in October (Increased by 12 condos from September).

Stuart Florida Market Report ZIP Code 34997 Condo October 2013

 

The activity for the Stuart condo market for the area in ZIP code 34997 showed some very mixed results for the month of October.  Pending sales were off considerably while closed sales increased significantly.  Also, interestingly the inventory took a nice jump.

The one month absorption rate dropped to 4.8 months from last months 10.9.  Back into a strong sellers market.   A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.   Though with reduced pendings numbers this may swing back to a buyers market again soon.

The October 2012 numbers were: 99 active listings, 21 pending sales and 6 closed sales.   Much better closed activity this year.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:Stuart Florida Market Report ZIP Code 34997 Condo October 2013
 
 

 

Stuart Florida Real Estate presented by:
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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2013

 

 

Stuart Florida Market Report ZIP Code 34997 Residential October 2013

11.13.13 by

Stuart Florida Market Report ZIP Code 34997 Residential October 2013

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for October 2013

 

There are currently 381 active listings (Increased by 25 homes from September).
Stuart Florida Market Report ZIP Code 34997 Residential October 2013

 

171 Residential sales are pending and awaiting close or lender approval (A decrease of 4 homes from September). 

Stuart Florida Market Report ZIP Code 34997 Residential October 2013

Stuart Florida Market Report ZIP Code 34997 Residential October 2013

 

62 Homes Sold in October (Down by 8 homes from September)

Stuart Florida Market Report ZIP Code 34997 Residential October 2013

 

The Stuart Florida Market Report ZIP Code 34997 showed some moderation as we approach the slower holiday season.  The inventory rose for the third month in a row, unlike many other areas of Martin County.  Both sales and pending sales decreased for October.
 
The current one month absorption rate rose to 6.15 months making this segment of the Stuart residential market a balanced one (up from last months 5.1 month absorption rate).  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.  
 
The 2012 numbers were: 360 active listings, 189 pending listings and 51 closed sales.   Better activity as compared to last October.  Interestingly with an increase in inventory.
 
 
Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:
Stuart Florida Market Report ZIP Code 34997 Residential October 2013
 
 

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Stuart Florida Market Report ZIP Code 34997 Residential October 2013

Sewalls Point Residential Market Report October 2013

11.12.13 by

Sewalls Point Residential Market Report October 2013

Sewalls Point Real Estate Snapshot, Residential Sales for October 2013

 

There are currently 47 active listings (a decrease of 2 homes for sale from September)Sewalls Point Residential Market Report October 2013

 

7 Residential sales are pending and awaiting close or lender approval (No change from last month)Sewalls Point Residential Market Report October 2013

 

5 Homes sold in September (Up by 3 homes from September)Sewalls Point Residential Market Report October 2013

 

After a disappointing September, a little increased activity for October for the Sewalls Point residential market activity.  Sales increased to 5 homes (up from only two for September).  Pending sales remained unchanged, and not particularly good.   Inventory decreased by two homes.  The holiday season will soon be here which typically results in less foot traffic, but often some good sales numbers.

The absorption rate dropped to 9.4 months after last months atrocious 24.5 months.  Still a buyer’s market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to October of 2012, the inventory was 47 homes on the market, 17 pending sales and there were 7 closed sales.  Unfortunately, for Sewalls Point, 2013 is well under performing from last years numbers.

Please use the charts below as reference only as they rely on all residential types of property in the Sewalls Point real estate market:Sewalls Point Residential Market Report October 2013

 

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Sewalls Point Market Report – Residential, October 2013

 

An Other Island Dunes Oceanside Condo Unit 301 Sold

11.12.13 by

An Other Island Dunes Oceanside Condo Unit 301 Sold

Unit 301 in fabulous An Other Island Dunes Oceanside (8880 S Ocean Drive, Jensen beach, FL 34957) is now Sold!

 

Views from Island Dunes Oceanside Condo Unit 301This is a tropical paradise.  This end unit is a visual tropical delight with magnificent view ocean, pool and manicured grounds.  Inside you will be delighted with beautiful updated kitchen and magnificent baths with granite.  This unit is for the person who wants to take in the beautiful surroundings and live in luxury.  A must see.  Move in ready.

Living area of Island Dunes Oceanside Condo Unit 301

 Living area of Island Dunes Oceanside Condo Unit 301

Kitchen of Island Dunes Oceanside Condo

Island Dunes Oceanside Condo

 

 

Located on the unspoiled Barrier Island of Hutchinson Island in Jensen Beach, Florida in Saint Lucie County is a complex of five separate condominium buildings with a common thread.  All of these units belong to the An Other Island Dunes Country Club.  This unique arrangement offers golf, tennis and a deep water marina, just steps from your condo without having to travel to the mainland. An Other Island Dunes Condos for Sale on Hutchinson IslandThe five buildings from North to South are the An Other Island Dunes Oceanside I & II, the Admiral, the Regency An Other Island Dunes and the Regency An Other Island Dunes Two.  All of these buildings are Oceanside affording easy access to the crystal clear blue waters of the Atlantic Ocean.  There’s a wide variety of condos available ranging from 1 Bedroom to spectacular 3 Bedroom Penthouse suites.

 

An Other Island Dunes Condos for Sale on Hutchinson Island

The An Other Island Dunes Country Club offers a challenging nine hole golf course golf course on the on the banks of the wide Indian River,  championship tennis club , a pro shop, a deep water marina and one of the fine dining in the onsite restaurant area which is open to the public.

An Other Island Dunes Condos for Sale on Hutchinson Island

 
 

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River Vista Condo Under Contract

11.11.13 by

River Vista Condo Under Contract

River Vista Condo in Jensen Beach 

Discover this rare opportunity to own at River Vista in Jensen Beach.  Recently updated 2/2 with split floor plan, room for a washer and dryer in unit. Community offers pool, laundry room, elevator and is within walking distance of public boat launch, sailing center, Indian Riverside Park and Children’s Museum.  Ready for immediate occupancy.

River Vista Condo in Jensen Beach

River Vista Condo in Jensen Beach

 River Vista Condo in Jensen Beach

 

View more information about this wonderful home!

 

 

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River Vista Condo Under Contract

November 2013 Market Update High Point Sewalls Point

11.09.13 by

November 2013 Market Update High Point Sewalls Point

As of November 2013, there are 5 homes available for sale on High Point and High Point Isle in Sewalls Point, FL.   Listing prices range from $399,000 to $3,950,000.  The average price per square foot of living area is $367.01  There are no short sales or foreclosures in the available listings.

There is one High Point home under contract and awaiting close.  The list price is $1,399,000 or $336.06 per sq. ft. of living area.

In the past 12 months, 4 High Point homes have sold.  Sales prices ranged from $745,000 to $1,600,000 for an average sales price of $319.06 per sq. ft. and an 87% list to sales ratio.  None of these homes were distressed properties.

High Point in Sewalls Point, Florida


Located on the southern tip of Sewalls Point, High Point and High Point Isles is an oasis of beautiful homes on high elevation lots yet just minutes away from the clear blue waters of the Atlantic ocean.
 

High Point in Sewalls Point, Florida
High Point Isles is the eastern section of the High Point peninsula and consists of all waterfront homes in the intracoastal waterway and within sight of the Saint Lucie Inlet for access to the Atlantic.  Ringing the south and west circumference of High Point are additional waterfront estates with deep water, high elevation and spectacular views of the Saint Lucie and Indian Rivers.

 

High Point in Sewalls Point, Florida

 

The first home in High Point was built in 1963 and homes continue to be built as well as extensively renovated to this day.  There are both deep water estate sized lots (of over 2.5 acres) to interior lots of 1/3 of an acre.

High Point in Sewalls Point, FloridaHome sizes range from 2 bedroom, 2 bathroom cottages of 1,700 sq. ft. to estates of close to 14,000 sq. ft. of living area with 7 bedrooms and 9 bathrooms.

High Point in Sewalls Point, FloridaThere are no HOA fees in High Point and High Point Isles as this community is part of the town of Sewalls Point.  A wonderful community close to the beaches, waterways and many excellent amenities offered in Martin County, FL.

 

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November 2013 Market Update High Point Sewalls Point

Copperleaf 4 BR Home Open House Nov 10

11.08.13 by

Copperleaf 4 BR Home Open House Nov 10

Join us on Sunday, November 10 from 1 to 4 PM in Copperleaf.  One of Palm City’s newest gated communities to view this recently available 4 Bedroom, 3 Bathroom home with a 3 car garage at a very aggressive price.  $350,000

Copperleaf Home in Palm City FLThis Newer Copperleaf Home in Palm City is now available for $350,000.

Copperleaf Home in Palm City FL

Newer (2010) CBS home. Foyer entry leads to formal living & dining rooms with tile on a diagonal, wood floors in all 4 bedrooms.   A triple split floor plan allows privacy for all. Over-sized kitchen has wood cabinets, stainless steel appliances with wine cooler, granite counter tops, large eating bar & a cozy breakfast area which overlooks a spacious family room.  Master suite features shower, tub & dual sinks, granite and walk-in closet. Home has a 3 car garage. This guard gated community offers 2 lighted tennis courts, resort style heated swimming pool, stunning clubhouse with fitness center, play ground for the little ones. Convenient to shopping, medical facilities, turnpike and I-95.

Copperleaf Home in Palm City FL

 Copperleaf Home in Palm City FL

Copperleaf Home in Palm City FL

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Copperleaf 4 BR Home Open House Nov 10

Martin County Florida Condo Market Report for September 2013

11.07.13 by

Martin County Florida Condo Market Report for September 2013

 

Commentary:

The Martin County Florida Condo Market for September 2013 showed better numbers than in previous years on a year to year comparison.  Still a bit slower than we would like.  Inventory increased this month to 532 units (Inventory has been up and down the past few months with no real trend at this time).  It was back in 2005 when we had steady inventory levels below 600 units.  The median sales price increased in September and continues to be well above last year’s values.  Much of the median price results are driven by the mix of units selling.   Currently, prices on average appear to be holding steady with different communities showing some small gains (as well as some losses) depending on the individual community.

The one month absorption rate increased to 10.04 months from last months 9.46 months, while the three-month average is now at 9.45 months.  We’ve slipped back into a buyers market for martin County condos.  Generally an absorption rate of 6 or 7 months is considered a balanced market.

Higher interest rates remain troubling for the market in general, but is not as strong an issue for our condo market as we have a fairly high percentage of cash buyers.  If the economy continues it’s improvement, I expect another good season for the condo market in Martin County for the upcoming season.

Martin County Florida Condo Market Report for September 2013

Click on the charts for a larger view: 

 The Definition of Absorption Rate:
Number of months it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate, helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. Absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.

Martin County Florida Condo Market Report for September 2013

Martin County Florida Condo Market Report for September 2013Martin County Florida Condo Market Report for September 2013

Data compiled from the Realtor Association of Martin County

Martin County Florida Condo Market Report for September 2013

the Gabe Sanders real estate team

Condo Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

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