Jensen Beach Florida Market Report ZIP Code 34957 Residential July 2013

Jensen Beach Florida Market Report ZIP Code 34957 Residential July 2013

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

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

 

 There are currently 122 active listings. (An increase of 10 homes from last month)

Active Listings - Jensen Beach Florida Market Report ZIP Code 34957 Residential July 2013

 

72 Residential sales are pending and awaiting close or lender approval. (Down 3 home from June)

Pending - Jensen Beach Florida Market Report ZIP Code 34957 Residential July 2013

 

24 Homes Sold (Down by 7 homes from June)

Sold Listings - Jensen Beach Florida Market Report ZIP Code 34957 Residential July 2013

 

The Jensen Beach residential real estate market, zip code 34957  eased a bit in July after an exceptionally good Spring and early Summer.  Both pending and closed sales were off and the inventory rose.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 5.1 months. Which is still a seller’s market.  A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The July 2012 numbers were: 113 active listings, 94 pending sales and 22 home sales closed.  One of the few Martin County areas where inventory is greater this year than last.  Also, fairly similar closed sales while a lower number of pending sales as compared to last year.
 
 
 
Please use the charts below as reference only as they rely on all residential types of property in the 34957 real estate market:
Market Summary - Jensen Beach Florida Market Report ZIP Code 34957 Residential July 2013

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Jensen Beach Florida Market Report ZIP Code 34957 Residential July 2013

Palm Cove Golf and Yacht Club Estate Home Under Contract

Palm Cove Golf and Yacht Club Estate Home Under Contract

Spacious Palm Cove Golf and Yacht Club Estate Home is now under contract.  Thanks to the many agents that have shown this home.  Hoping for successful negotiations and a little buyer patience as this is a short sale.

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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Palm City Florida Market Report ZIP Code 34990 Condo July 2013

Palm City Florida Market Report ZIP Code 34990 Condo July 2013

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

 

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



There are currently 54 active condo listings. (Down by 4 condos from June)

Active Listings - Palm City Florida Market Report ZIP Code 34990 Condo July 2013

 

9 Condo sales are pending and awaiting close or lender approval. (Decreased by 5 condos from last month)

Pending Listings - Palm City Florida Market Report ZIP Code 34990 Condo July 2013

 

6 Condos Sold in July. (Down 2 condos from June)

Sold Listings - Palm City Florida Market Report ZIP Code 34990 Condo July 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.  Both pending and closed sales were off this month compared to June as well as another month with decreasing inventory.
 
The current absorption rate for condos in the 34990 zip code area rose to 8.3 months.  Drifting back into a buyers market, as a balanced market is considered to be an absorption rate of around 6 months.
 
The July 2012 numbers were: 62 active listings, 7 pending sales and 1 closed sales.   Even with the significantly lower number of active condo listings, this year’s activity is much better.

 

 

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

Market Summary - Palm City Florida Market Report ZIP Code 34990 Condo July 2013

 

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Palm City Florida Market Report ZIP Code 34990 Condo July 2013

Palm City Florida Market Report ZIP Code 34990 Residential July 2013

Palm City Florida Market Report ZIP Code 34990 Residential July 2013

 

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

 

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


There are currently 360 active listings (A decrease of 22 homes from June)

Active Listings - Palm City Florida Market Report ZIP Code 34990 Residential July 2013

 

153 Residential sales are pending and awaiting close or lender approval. (A decrease of 9 homes from last month)

Pending Listings - Palm City Florida Market Report ZIP Code 34990 Residential July 2013

 

70 Homes Sold in July (Increased by 1 home from June)

Sold Listings - Palm City Florida Market Report ZIP Code 34990 Residential July 2013

 
The Palm City, zip code 34990, area of Martin County Florida continues to have impressive market activity.  But, the inventory is getting to levels that are starting to effect year to year numbers.  For the month, sales were up by 1 home while the pending sales decreased by 9. 
 
The current absorption rate remained steady at 5.5 months, which still indicates a slight sellers market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The July 2012 numbers were:  416 active listings, 169 pending sales and 63 closed sales.   Closed sales outperformed last years volume, but pendings are now off slightly.  I expect slower activity if the inventory continues to drop.

 

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

Market Summary - Palm City Florida Market Report ZIP Code 34990 Residential July 2013

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Palm City Florida Market Report ZIP Code 34990 Residential July 2013

Stuart Florida Market Report ZIP Code 34997 Condo July 2013

Stuart Florida Market Report ZIP Code 34997 Condo July 2013

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

 

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

 

There are currently 80 active condo listings (An increase of 3 condos form June).

Active Listings - Stuart Florida Market Report ZIP Code 34997 Condo July 2013

 

31 Condo sales are pending and awaiting close or lender approval (Down 1 condo from June).

Pending Listings - Stuart Florida Market Report ZIP Code 34997 Condo July 2013

 

12 Condos Sold in July (An increase of 4 condos from June).

Sold Listings - Stuart Florida Market Report ZIP Code 34997 Condo July 2013

 

A second slower month of activity for the Stuart condo market for the area in ZIP code 34997.  Still, activity remains strong for the ‘off’ season for Florida.  We need increased inventory for this market to get back to the fast pace we saw this spring.

The one month absorption rate dropped to 6.7 months.  Very close to a balanced market.   A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller. 

The July 2012 numbers were: 100 active listings, 28 pending sales and 13 closed sales.  Similar activity as compared to last year.  With a 20% lower inventory, these are good results. 

 

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

 

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

 

 

Stuart Florida Market Report ZIP Code 34997 Residential July 2013

Stuart Florida Market Report ZIP Code 34997 Residential July 2013

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

 

There are currently 331 active listings (A decrease of 1 home from June).

Active Listings - Stuart Florida Market Report ZIP Code 34997 Residential July 2013

166 Residential sales are pending and awaiting close or lender approval (A decrease of 6 home from June).

Pending Listings - Stuart Florida Market Report ZIP Code 34997 Residential July 2013

 

62 Homes Sold in July (Down 6 homes from June)

Sold Listings - Stuart Florida Market Report ZIP Code 34997 Residential July 2013

 

Activity eased for the second month in a row for the Stuart Florida Market Report ZIP Code 34997.  Inventory remained basically unchanged while both pending and closed sales saw decreases.  This is still a sellers market for now, but if this trend continues we will probably see a more balanced market in the next few months.
 
The current one month absorption rate rose to 5.3 months which still indicates a sellers market ( though it’s up from last months 4.9 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: 330 active listings, 222 pending listings and 50 closed sales.  Better closed activity this year, while pending sales are significantly lower.  Unusually for this segment of the Stuart residential market, the inventory is similar to last year.  (Most of our areas have reduced inventory this year as compared to last)
 
 
 
Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:
 
Market Summary - Stuart Florida Market Report ZIP Code 34997 Residential July 2013

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Stuart Florida Market Report ZIP Code 34997 Residential July 2013

Stuart Florida Market Report ZIP Code 34996 Condo July 2013

Stuart Florida Market Report ZIP Code 34996 Condo July 2013

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

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

There are currently 176 active condo listings (Down 8 from last month).

Active Listings - Stuart Florida Market Report ZIP Code 34996 Condo July 2013

 

32 Condo sales are pending and awaiting close or lender approval (An increase of 1 condo from June).
Pending Listings - Stuart Florida Market Report ZIP Code 34996 Condo July 2013

 

 

16 Condos Sold in July (Down by 1 from June)

Sold Listings - Stuart Florida Market Report ZIP Code 34996 Condo July 2013

 

Fairly consistent activity for the Stuart Florida Market Report ZIP Code 34996 for Condos for July 2013.   Both pending and closed sales remained steady with only a 1 unit increase and decrease respectively.  Another decrease in inventory, which is pretty normal as many condo owners feel that the summer market is not the prime time to sell condos.  Though, history has proven this to be quite wrong, as the decreased competition normally results in much greater showing activity and a better chance of a sale.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo rose slightly to 11 months. Still  a fairly significant buyers market for July of 2013.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for July 2012 were: 190 active listings, 17 pending sales and 12 closed sales.   Still doing considerably better this year as compared to last.

 

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

Market Summary - Stuart Florida Market Report ZIP Code 34996 Condo July 2013

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

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Stuart Florida Market Report ZIP Code 34996 Condo July 2013

Stuart Florida Market Report ZIP Code 34996 Residential July 2013

Stuart Florida Market Report ZIP Code 34996 Residential July 2013

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

 

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

There are currently 126 active listings (Decreased by 27 homes from June).

Active Listings - Stuart Florida Market Report ZIP Code 34996 Residential July 2013

 

44 Residential sales are pending and awaiting close or lender approval (Increased by 2 homes from June).

Pending Listings - Stuart Florida Market Report ZIP Code 34996 Residential July 2013

 

15 Homes Sold in July (Decreased by 6 homes from June).

Sold Listings - Stuart Florida Market Report ZIP Code 34996 Residential July 2013

 

In the 34996 zip code area of Stuart Florida real estate market activity for July 2013 there was a large drop in inventory for July.  Whether sellers are taking a break for the summer or waiting for prices to increase, only time will tell.  Closed sales were off slightly in July while we did have a small rise in pending sales.

The one month absorption rate for the 34996 zip code area of Stuart Florida for July rose to 8.4 months, remaining a buyer’s market.  This figure should be dropping as the pending sales close in the coming months. A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for July of 2012 were: 166 active listings, 28 pending sales and 11 closed sales.  Considerably better activity this year as compared to last, especially when considering the lower number of available homes for sale.

 

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

Market Summary - Stuart Florida Market Report ZIP Code 34996 Residential July 2013

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Stuart Florida Market Report ZIP Code 34996 Residential July 2013

Plantation at Sewalls Point August 2013 Market Update

Plantation at Sewalls Point August 2013 Market Update

As of August 13, 2013 there is one spacious waterfront home listed in the Plantation at Sewalls Point.  The list price is $5,850,000 which equals $1,132.62 per square foot of living area.

One home is currently under contract.  It was listed for $979,000 (non-waterfront home) for a price per square foot of living area of $195.14.

In the past 12 months, 1 home has sold in the Plantation.  It was listed at $950,000 and closed for $890,000 at $199.37 per square foot of living area.  This was also a non-waterfront home.  None of the listings in the Plantation were distressed sales.

Aerial of the Plantation at Sewalls Point

 

The Plantation at Sewalls Point is an exclusive private community of only 21 home sites.  There are 10 large estate sized waterfront lots with deep water docks and views of the Saint Lucie River some with magnificent waterfront views of the Saint Lucie River.  11 smaller non-waterfront home-sites on 1/2 to 1 acre sites.  All homes were custom built by individual contractors/builders from 1994 to the early 2000’s.  Plantation Home 4

Some of Martin County’s most elegant homes can be found in the Plantation at Sewalls Point. Conveniently located close to Indian Riverside Park, the United States Olympic Sailing Center, Deep Water marinas, restaurants, shopping and all of this within an ‘A’ rated school system.Plantation Home 2

The HOA fees depend on the size of the property and range from around $900 a quarter to $1,400.  The Plantation at Sewalls Point is one of the most prestigious communities in Martin County and the Treasure Coast of FL.

Plantation Home 1

Entrance

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Plantation at Sewalls Point August 2013 Market Update

 

Stuart Florida Market Report ZIP Code 34994 Condo, July 2013

Stuart Florida Market Report ZIP Code 34994 Condo, July 2013

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

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

 

There are currently 109 active condo listings (Decreased by 3 condo from June).

Active Listings - Stuart Florida Market Report ZIP Code 34994 Condo, July 2013


 

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

Pending Listings - Stuart Florida Market Report ZIP Code 34994 Condo, July 2013

 

11 Condos Sold in July (Decreased by 6 condos from June).

Sales - Stuart Florida Market Report ZIP Code 34994 Condo, July 2013

 

 

We’re in the off season for the Stuart Condo market for zip code 34994.   Surprisingly pending sales increased  by 1 condo while closed sales decreased by 6 units.   The inventory decline continues, by three condos this month.  It is a fairly seasonal condo market and we often see inventory declines in the summer months with an expected increase in late fall as the snowbird season begins.

The one month absorption rate rose to to 9.6 months, once again a buyers 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 July the numbers were 153 active listings, 30 pending sales, and 17 closed sales.  Closed sales were off a little as compared to last year, but inventory is off by more than 30%, yet the pending numbers are considerably better.

 

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

Market Summary - Stuart Florida Market Report ZIP Code 34994 Condo, July 2013

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

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

Stuart Florida Market Report ZIP Code 34994 Residential July 2013

Stuart Florida Market Report ZIP Code 34994 Residential July 2013

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

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

 

There are currently 55 active listings (Up 1 from June).

Active Listings

29 Residential sales are pending and awaiting close or lender approval (Down 7 homes from June).

Pending Listings

 

15 Homes Sold in June (Increased by 4 homes from June)

Sold Listings 

Closed sales were up by 4 homes in the 34994 ZIP code area of the Stuart, Florida.   Available homes for sale (Inventory) rose by 1 unit.   Pending sales dropped (second month in a row).   With such a low inventory of available homes plus the off season, we can expect a little slower activity in this market.  If the overall economy continues to improve and prices continue to rise, I will be expecting rising inventories as well for the coming season.

The one month absorption rate for the 34994 zip code for July dropped further to 3.7 months. signifying a strong sellers market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.  If you are contemplating placing your home up for sale in the 34994 zip code area of Stuart, FL, now is a good time.  Please call me for details of why this is so.

The July 2012 numbers were 62 Active Listings, 53 pending sales and 16 closed sales.  We’re doing well as compared to last year.  The largest drop this year is in pending sales as the number of short sales are slowly being closed and taken off the market.  These short sales have been inflating the pending numbers for the past couple of years.

 

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

Market Update

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Stuart Florida Market Report ZIP Code 34994 Residential July 2013

Sewalls Point Residential Market Report July 2013

Sewalls Point Residential Market Report July 2013

Sewalls Point Real Estate Snapshot, Residential Sales for July 2013

 

There are currently 47 active listings (a decrease of 5 homes for sale from June)

Sewalls Point Residential Market Snapshot for July 2013 Active Listings

 7 Residential sales are pending and awaiting close or lender approval (Down 3 from last month)

Sewalls Point Residential Market Snapshot for July 2013 Pending Listings

3 Homes sold in June (A decrease of 5 homes from June)

Sewalls Point Residential Market Snapshot for July 2013 sold listings

 

The Sewalls Point residential real estate market for July 2013 eased off from the strong gains made in the first half of 2013.    The inventory is down again to only 47 homes available for sale and both future (pending) sales as well as closed sales showed decreases from last month.  Slower activity during the summer months is not an unexpected event, as we need to look at the trends for the entire year to get a true picture of the local real estate market.

The absorption rate jumped to 15.7 months.  A strong buyers market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to July of 2012, the inventory was 56 homes on the market, 14 pending sales and there were 5 closed sales.  Unfortunately, this year’s numbers are weaker than July 2012 results.

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

Market Summary

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Sewalls Point Market Report – Residential, July 2013

Islesworth in Palm City FL

Islesworth in Palm City FL

Islesworth Entrance

The Islesworth subdivision in Palm City is a very attractive neighborhood located in the heart of Palm City, FL in a non-gated community off of Route 714 (Martin Highway).  This was a Pulte community with 113 homes being built from 1996 through 1998.  Most homes are on spacious lots from just under to over ¼ acre sites. 

Islesworth Lake 1Many homes enjoy serene water views as there are two smaller lakes in this community.  Both single and two story homes with the vast majority being 4 bedroom homes though there are a number of 5 bedroom homes as well as a few 3 bedroom homes.  The current HOA fees are a very reasonable $463.00 per quarter.  The fees include maintenance and insurance of the common areas, roads, reserve funds and basic cable TV.

Homes in Islesworth 3Islesworth is right next door to Hidden Oaks Middle School and only a short bike ride to Palm City Elementary School.  Children in Islesworth go to Martin County High School which is approximately 5 miles away. 

Homes in Islesworth 6Close to grocery and other shopping as well as medical facilities and places of worship, Islesworth offers very easy access to most resident’s needs.  For those needing to commute, both Florida’s Turnpike and I-95 are both only a short distance away.


Islesworth Lake 3

Islesworth Playground 

Here are the currently available homes in Islesworth in Palm City FL

 

For any questions you may have about Islesworth in Palm City FL, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Islesworth in Palm City FL

Island Dunes Oceanside Condo Unit 305 Sold

Island Dunes Oceanside Condo Unit 305 Sold

Unit 305 in fabulous Island Dunes Oceanside (8880 S Ocean Drive, Jensen beach, FL 34957) is now Sold!

Island Dunes Oceanside Condo

Breathtaking ocean views surround you! Must see this bright, spacious 3 bedroom condo, furnished or unfurnished.  Ready to move in and enjoy.  Quarterly fees includes Golf Club Membership and more. The ocean beach is an elevator ride to lobby and out! A true gem!  Spacious, bright home in paradise. Split bedrooms, 2 baths, 3rd bedroom or den, open balconies from bedrooms and living room. Water, water everywhere!

View from Island Dunes Oceanside Condo Unit 305

 

Living Room of Island Dunes Oceanside Condo Unit 305

Kitchen of Island Dunes Oceanside Condo Unit 305

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 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. Island Dunes Condos for Sale on Hutchinson IslandThe five buildings from North to South are the Island Dunes Oceanside I & II, the Admiral, the Regency Island Dunes and the Regency 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.

 

Island Dunes Condos for Sale on Hutchinson Island

The 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.

Island Dunes Condos for Sale on Hutchinson Island

 
 

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Hammock Creek August 2013 Market Update

Hammock Creek August 2013 Market Update

There are currently 10 homes actively listed in Hammock Creek in Palm City, Florida.  Prices range from $639,900 to $385,000.  The average list price is $529,020 at $147.77 per square foot of living area.  There are no short sales or foreclosures in these listings.

There are 7 homes currently under contract awaiting closing.  Of these pending homes, there is one short sale and no bank owned foreclosures.  The list prices range from $575,000 to $319,900 at an average list price is $475,000 at $114.24 per square foot of living area.

In the past 12 months, 35 homes have sold in Hammock Creek.  Sales prices ranged from $570,000 to $265,000 to  with an average sales price of $363,368 at $130.05 per square foot of living area.  There were three short sales and one bank owned foreclosure included in these sales

Hammock Creek is a lovely gated upscale neighborhood consisting of three separate sections, The Sanctuary, The Preserve, and The Estates. The community is centered around the Hammock Creek Golf Course, a Jack Nicklaus designed course. Homes in Hammock Creek consist of one and two stories with square footage ranging from 2000 to over 5000 square feet and prices starting in the low 300’s.Most of the homes sit on generous lots with a view of either the lake, preserve, or golf course.

There are wide paver sidewalks ideal for families who enjoy biking, walking, and jogging. Close to fine shopping, nice restaurants, immediate access to I-95 and the turnpike, and A Rated Palm City schools makes Hammock Creek one of Martin County’s premier neighborhoods.

Low HOA fees ranging from approximately $260 to $390 per month depending on which section one resides .

Here are the currently available homes in Hammock Creek August 2013 Market Update

For any questions you may have about Hammock Creek August 2013 Market Update, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Hammock Creek August 2013 Market Update

August 2013 Market Update for The Pines and Windemere in Jensen Beach

August 2013 Market Update for The Pines and Windemere in Jensen Beach

There are currently 15 homes for sale in the Pines and Windemere in Jensen Beach, FL ranging in price from $200,000 to $649,000 (Average asking price of $145.57 per square foot of living area)  One bank owned foreclosure and a number of new construction homes from D. R. Horton.

13 homes are currently under contract with listing prices ranging from $170,000 to $389,900 at an average of $133.14 per square foot of living area.   5 of these pending sales are short sales. 

29 homes have sold in the past 12 months in the Pines and Windemere with the sales prices ranging from $165,000 and $408,001 (The average sales price was $277,839 at $122.98 per square foot)  There were no bank owned foreclosures and 5 short sales in these closed sales.

the Pines and Windemere

Located adjacent to the new Jensen Beach High School, and Felix A. Williams elementary school, among Martin County’s best schools, is only one reason why August 2013 Market Update for The Pines and Windemere in Jensen Beach is so desirable.

Jensen Beach High School

Some residents have stated “sending our children to Felix A. Williams is like having a private school in our own back yard.”  “Our Kids can walk to the new High School”

In addition to the best schools, The Pines is located just 1.5 miles from the beautiful unspoiled beaches of Hutchinson Island, a fantastic public golf course is right next door, a regional park that offers little league and soccer and many family attractions.  “we can play golf without the high cost just next door.”

the Pines and Windemere

For others, the best shops of the Treasure Coast Mall with a new 13-plex theater are walking distance and grocery stores are located nearby.

World famous fishing is just a ride away. Stuart is known as the “Sailfish capital of the world.”

the Pines and Windemere

Adjacent to the Pines, is the smaller community of Windemere and the Preserves.  Currently, D.R. Horton is in the process of building brand new affordable homes in both the Pines and Windemere subdivisions at some very affordable prices. 

 the Pines and Windemere

For any questions you may have about August 2013 Market Update for The Pines and Windemere in Jensen Beach, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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August 2013 Market Update for The Pines and Windemere in Jensen Beach

Martin County Florida Condo Market Report for June 2013

Martin County Florida Condo Market Report for June 2013

 

Commentary:

The Martin County Florida Condo Market for June 2013 was strong, though it retreated considerably from the excellent April numbers.   85 condos sold in June (compared to 128 in April).   Better numbers, year to year, but not excellent.  The inventory of available condos dropped again (fifth month in a row) to only 544 condos.  This low number is beginning to effect prices and at long last it appears that condo prices are starting to rise.   The median sales price was down compared to April, but this is a reflection of the larger number of lower priced condos that sold this month, rather than decreasing value.  Summer is upon us and typically the condo market slows down during the summer months.

The one month absorption rate increased to 6.4 months from last months 4.46 months, while the three-month average is now at 5.71 months.  Basically a balanced market for the time being.  Generally an absorption rate of 6 or 7 months is considered a balanced market.

The low inventory rates and rising interest rates are troubling and could possibly have a negative effect on the condo market recovery.

condo absorp
  

 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.

condo numb

condo price

condo trend

 

Data compiled from the Realtor Association of Martin County

See the full set of charts at Treasure Coast FL Homes

Martin County Florida Condo Market Report for June 2013

the Gabe Sanders real estate team

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

For more information about Florida’s Treasure Coast Real Estate, visit us at:

Stuart Florida Real Estate


Martin County Florida Residential Market Report for June 2013

Martin County Florida Residential Market Report for June 2013

 

Commentary:

The Martin County Florida Residential Market for June 2013 continues to outpace recent years with continued strong sales activity.   For June, we had a slight rise in inventory (to 1,015 units) which is a positive sign as we need inventory for this market to continue to improve.  Closed sales increased from May and were also considerably better than last June’s numbers.  All signs of a good healthy recovery.

Both median and average sales prices rose in June and are much improved over last year’s prices as indicated in the graphs below.  The one month absorption rate for June 2013 decreased slightly to 4.72 months (from 4.74 months in May), and the three-month average stands at 4.66 months.  A 6 month absorption rate is considered to be a balanced market, so we are officially in a a sellers market in Martin County.  As late summer and fall approaches, we typically can expect a small decline in activity.

It appears that there is some improvement in the economy that is leading to a more positive outlook in consumer confidence.  While there is still much room for improvement, we are currently trending in the right direction.

Please feel free to contact us if you have any difficulty interpreting these charts.

res absorp

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.

res numb

res price

res trend

 

Data compiled from the Realtor Association of Martin County

See the full set of charts at Treasure Coast FL Homes

Martin County Florida Residential Market Report for June 2013

the Gabe Sanders real estate team

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

For more information about Florida’s Treasure Coast Real Estate, visit us at:

Stuart Florida Real Estate

Lighthouse Point and Seagate Harbor 2013 Market Update

Lighthouse Point and Seagate Harbor August 2013 Market Update

 

There are currently 15 homes on the market in Lighthouse Point and Seagate Harbor in Palm City, FL.  From a low price of $379,900 to a high of $1,125,000 with an average asking price of $565.160 at $256.72 per square foot of living area. There is one bank owned foreclosure and no short sales in the active listings.

There are 5 homes under contract.   The listing prices on these pending homes range from a low of $250,000 to a high of $626,000, for an average list price of $347,200 at $199.55 per square foot of living area. 3 of these 5 pending sales are short sales.  No foreclosures.

17 homes have sold in Lighthouse Point and Seagate Harbor in the past 12 months.  Sale prices were from $219,900 to $1,250,000 with an average sales price of $383,652 or $194.82 per square foot of living area.   2 of these sales were bank owned foreclosures and 2 were short sales.

Lighthouse Point Waterfront Homes for Sale

A boater’s and sailor’s Delight in an affordable waterfront niche community with deep water dockage! Nature and families are the focus in this desirable community characterized by beautiful homes, parks, nearby golf, restaurants, shopping, and A Rated schools!

Almost every home has waterfront dockage available in an intricate network of deep water canals. Some select homes with wide views of the Saint Lucie River.  A community boat ramp is also available.  Everything a boater would want!

Search the Martin County MLS

Search for available homes in Lighthouse Point and Seagate Harbor

 

Lighthouse Point and Seagate Harbor August 2013 Market Update

Four Rivers August 2013 Market Update

Four Rivers August 2013 Market Update

There are currently 6 homes for sale in Four Rivers in Palm City FL ranging in price from $697,300 to $1,325,000 (Average asking price of $254.22 per square foot of living area) None of these listings are short sales or foreclosures.

One home is currently pending (under Contract) at a listing price of $620,000 ($253.68 per square foot)

6 homes have sold in the past 12 months in Four Rivers, with the sales prices ranging from $650,000 and $810,000 (The average sales price was $730,166 at $194.71 per square foot) None of these sales were short sales or foreclosures.

Four Rivers in Palm City, FloridaFour Rivers August 2013 Market Update is a unique enclave of spacious homes on the banks of the South Fork of the Saint Lucie River.  Ideal for the serious boaters, all of Four Rivers’ home sites are on deep water canals suitable for larger vessels and with no fixed bridges (under 60’) to the Saint Lucie inlet to gain access to the crystal clear waters of the Atlantic Ocean.

Four Rivers in Palm City, Florida

Consisting of 98 home sites, with a minimum ½ acre of land (though most have ¾ acre or more), Four Rivers is a perfect family friendly neighborhood. Very conveniently located close to ‘A’ rated schools, shopping, restaurants and only a few minutes from either downtown Stuart or Florida’s Turnpike for those wishing to commute to our more crowded neighboring counties.

Four Rivers in Palm City, Florida

Low HOA fees insure the canals will be maintained to a depth of 6’ at mean low tide to make sure no boats have difficulties navigating to open water.  Four Rivers is a wonderful place to call home.

Four Rivers in Palm City, Florida

Search for all Four Rivers Homes for Sale in Palm City
Search the Martin County MLS

Search for all Four Rivers Land for Sale in Palm City
Search the Martin County MLS

View all of our listings

Palm City Florida Real Estate is presented by:
the Gabe Sanders real estate team

Four Rivers August 2013 Market Update