Martin County Florida Residential Market Report for April 2013

06.04.13 by

Martin County Florida Residential Market Report for April 2013

 

Commentary:

The Martin County Florida Residential Market Report for April 2013 continued the strong trend that began towards the end of last year.   Considering that the available inventory has shrunk considerably, the number of sales for the month is quite impressive.  In fact, our inventory levels are approaching numbers that may have a negative effect on sales volume in the upcoming months.  Many prospective buyers may not be able to find homes that fit their needs.

Both the average and median prices were up significantly for April.  The inventory did not decline from March, going up by only one unit.  Possibly an indication that many who have been waiting for an improving market are starting to list their homes.    The one month absorption rate for April 2013 increased slightly to 4.52 months (from 4.38 months in March), and the three-month average is now down to 5.26 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.

Positive economic news as well as continued low interest rates continue to drive buyers into the market.  While interest rates remain very attractive, there have been slight increases in the past few weeks.  There are also an increasing number of properties that have sold above asking price with multiple offers.  While we have a long way to go to see prices at the level of the boom around 2006, sellers are seeing a much improved market at present.

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

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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.

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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 April 2013

the Gabe Sanders real estate team

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

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Portofino Foreclosure Condo Sold

06.04.13 by

Portofino Foreclosure Condo Sold

This well appointed bank owned Portofino Foreclosure Condo Sold for $57,000.  3734 NW Mediterranean Lane, Suite 207 has been purchased by a very happy new owner who now has a place in the sun in Jensen Beach, FL. 

Portofino Foreclosure Condo Sold
Portofino Condos at Jensen Beach is a gorgeous gated condo community that’s just great for families or singles. Portofino offers fantastic amenities such as a resort-style pool and hot tub, a state-of-the-art fitness center, and an indoor air-conditioned racquetball court along with outdoor tennis court. A business center is also available that delivers the conveniences of a home office, with computers, a copier, and a fax machine to keep you connected. A children’s playground is also available. This community is only 10 minutes from the beaches, and it is just minutes to both Jensen Beach Elementary School and Jensen Beach High School. Jensen Beach students also attend Stuart Middle School which is only about 15 minutes away.

Portofino Foreclosure Condo Sold

With a total of 384 units, there are 116 one-bedroom, 196 two-bedroom and 72 three-bedroom units within Portofino that are spacious and include balconies! Portofino provides luxury living for its residents, set in a peaceful Florida preserve atmosphere, many with lake views. Living in Portofino Condos at Jensen Beach you will feel like you are on vacation year round!


Portofino Foreclosure Condo Sold

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Portofino Foreclosure Condo Sold

Rocky Point Boaters Delight Now Available

06.03.13 by

Rocky Point Boaters Delight Now Available

5695 SE Matousek St. in Rocky Point, Stuart, FL is now available for sale by the Gabe Sanders real estate team.

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 Boaters Delight Now Available

April 2013 Monthly Market Detail St. Lucie County Townhouses and Condos

06.02.13 by

April 2013 Monthly Market Detail St. Lucie County Townhouses and Condos

Good activity continues as reported by Florida Realtors for the April 2013 Monthly Market Detail St. Lucie County Townhouses and Condos.   Year to year closed sales were up by 12.4% and new sales under contract (new pending sales) increased by 56%

Both the median and average sales prices have shown gains this month of 18,7% and 6.5% respectively. 

The inventory of available townhouses and condos have decreased to 904 units which id down by 26% from last April.  Current supply of inventory is now 8.8 months (a 40.9% decrease from last year).   While these results are not quite as strong as in the single family market, they still show strong gains from previous years.  It is just a matter of time before prices start rising a bit more dramatically.  This current environment is an excellent opportunity for buyers looking into the Saint Lucie County real estate market for townhouses and condos.

April 2013 Market Detail Saint Lucie County Townhouses and Condos

Here’s the summary chart from the Florida Realtors report:

 

Click here to view or download the full report:
April 2013 Monthly Market Detail St. Lucie County Townhouses and Condos

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

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

April 2013 Monthly Market Detail St. Lucie County Townhouses and Condos

April 2013 Monthly Market Detail St. Lucie County Single Family Homes

06.01.13 by

April 2013 Monthly Market Detail St. Lucie County Single Family Homes

Another strong month as reported by Florida Realtors for the April 2013 Monthly Market Detail St. Lucie County Single Family Homes.   Year to year closed sales were up by 20.9% and new sales under contract (new pending sales) increased by over 70%!!

Both median and average sales prices were up (April 2012 to April 2013) by 15% and 11.8% respectively. 

One item of concern is the active inventory which has decreased by almost half (48.7%).  Current supply of inventory is only 3.9 months (a 58.2% decrease from last year).  For April 2013 it was a strong sellers market in the St. Lucie County area.  The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale.  This will also result in strong upward pressure on prices and at some point renewed activity in new construction.  If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.April 2013 Market Detail Saint Lucie County Single Family

Here’s the summary chart from the Florida Realtors report:

 

Click here to view or download the full report:
April 2013 Monthly Market Detail St. Lucie County Single Family Homes

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

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

April 2013 Monthly Market Detail St. Lucie County Single Family Homes

April 2013 Monthly Market Detail Martin County Townhouses and Condos

05.31.13 by

April 2013 Monthly Market Detail Martin County Townhouses and Condos

Another set of positive results reported by Florida Realtors for the April 2013 Monthly Market Detail Martin County Townhouses and Condos.   Year to year closed sales were up by an impressive 39.7% and new sales under contract (new pending sales) increased by  45.8%

The median and average sales prices also increased by 33.9% and 13.4% respectively from April of 2012.

The inventory of available townhouses and condos have decreased to 645 units which id down by 26.3% from last April.  Current supply of inventory is only 6.7 months (a 36.7% decrease from last year).  For the Martin County townhouse and condo market, these results are very similar to our single family home market as both segments rapidly approach a balanced market that favors neither the buyer nor seller.

Here’s the summary chart from the Florida Realtors report:April 2013 Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
April 2013 Monthly Market Detail Martin County Townhouses and Condos

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

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

April 2013 Monthly Market Detail Martin County Townhouses and Condos

April 2013 Monthly Market Detail Martin County Single Family Homes

05.30.13 by

April 2013 Monthly Market Detail Martin County Single Family Homes

Another excellent month as reported by Florida Realtors for the April 2013 Monthly Market Detail Martin County Single Family Homes.   Year to year closed sales were up by 28.9% and new sales under contract (new pending sales) increased by 47.3%

Both the median and average sales prices have risen year over year by 23.5% and 32% respectively.

The inventory of available single family homes have decreased to 1216 units which id down by 29.1% from last April.  Current supply of inventory is only 7.2 months (a 41.5% decrease from last year).   If this trend continues (and we see no reason to doubt it) we will soon be in a balanced market for the single family real estate market in Martin County.  There’s no reason not to expect a sellers market should the inventory continue to decrease.April 2013 Market Detail Martin County Single Family

Here’s the summary chart from the Florida Realtors report:

 

Click here to view or download the full report:
April 2013 Monthly Market Detail Martin County Single Family Homes

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

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

April 2013 Monthly Market Detail Martin County Single Family Homes

April 2013 Monthly Market Detail Florida Townhouses and Condos

05.29.13 by

April 2013 Monthly Market Detail Florida Townhouses and Condos

Some very positive results reported by Florida Realtors for the April 2013 Monthly Market Detail Florida Townhouses and Condos for the entire state of Florida.  All indices have moved in a positive direction though similar to the single family report for April 2013.  Year to year closed sales were up by 13.6% and new sales under contract (new pending sales) increased by 22.7%.

Both median and average sales prices were up (April 2012 to April 2013) by 16.4% and 12.3% respectively. 

One item of concern is the active inventory which has decreased by almost 20.6%.  The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale.  This will also result in strong upward pressure on prices and at some point renewed activity in new construction.  If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.Market Detail Florida Townhouses and Condos April 2013

Here’s the summary chart from the Florida Realtors report:

 

Click here to view or download the full report:
April 2013 Monthly Market Detail Florida Townhouses and Condos

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

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

April 2013 Monthly Market Detail Florida Townhouses and Condos

April 2013 Monthly Market Detail Florida Single Family Homes

05.28.13 by

April 2013 Monthly Market Detail Florida Single Family Homes

Another positive month of results reported by Florida Realtors for the April 2013 Monthly Market Detail Florida Single Family Homes for the entire state of Florida.  All indices have moved in a positive direction.  Year to year closed sales were up by 17.4% and new sales under contract (new pending sales) increased by 31.9%.

Both median and average sales prices were up (April 2012 to April 2013) by 14.2% and 10.1% respectively. 

One item of concern is the active inventory which has decreased by 24.7%.  The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale.  This will also result in strong upward pressure on prices and at some point renewed activity in new construction.  If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.

Here’s the summary chart from the Florida Realtors report:April 2013 Market Update Florida

 

Click here to view or download the full report:
April 2013 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.

April 2013 Monthly Market Detail Florida Single Family Homes

Memorial Day 2013

05.27.13 by

Memorial Day 2013

Totally Renovated Cedar Pointe Condo Now Listed

05.27.13 by

Totally Renovated Cedar Pointe Condo Now Listed

2929 SE Ocean Blvd. Suite L-8 is now available for sale.  May just be the most updated condo in all of Cedar Pointe.  All work completed in late 2012.

Front View of Updated Cedar Pointe Condo

 Cedar Pointe is an active adult community of 62, 2 story buildings divided into 8 villages with numerous clubhouses and pools as well as recreational areas.  One of the prime locations in the city of Stuart only minutes away from the pristine beaches of the Atlantic Ocean and close to shopping, restaurants and medical facilities.

Pool off Updated Cedar Pointe Condo

It is currently a very attractive time to consider buying a Cedar Pointe Condo as prices have returned to pre 2003 levels and with low-interest rates, these Sunshine State condos are ready for those wishing to move here full-time or looking for an affordable winter home.

Kitchen and Dining area of Updated Cedar Pointe CondoA

A totally updated and renovated 2nd floor Cedar Pointe 1 BR, 1 BA condo.  Tastefully re-done in 2012 with the highest quality workmanship and materials.  A sample of the major updates include a new kitchen with new appliances and cabinets, new spacious bathroom, walnut hardwood floors in living areas and new tile in kitchen and bathroom, plantation shutters over the new hurricane impact glass windows, faucets, shelving, ceilings and more. All of this in an excellent location that’s just steps from shopping, restaurants and medical facilities. Just a few minutes ride from the pristine beaches of Stuart or the quaint downtown area. Cedar Pointe is a 55+ community with numerous clubhouses and pools.  This unit allows one indoor cat with director approval.

Living area of Updated Cedar Pointe CondoA

View additional pictures of this Affordable Stuart Condo in Cedar Pointe.

Kitchen of Updated Cedar Pointe Condo

More pictures and information about this affordable Stuart Condo in Cedar Pointe

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Totally Renovated Cedar Pointe Condo Now Listed

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, April 2013

05.26.13 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, April 2013

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for April 2013

 

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

 

There are currently 21 active condo listings. (Down 1 condo from March)

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7 Condo sales are pending and awaiting close or lender approval. (Decreased by 2 condos from March)

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5 Condos sold in April (Up 3 condos from March)

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The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Sales were up to 5 units for April (over double from March) and pending sales were off slightly.  Meaningful interpretation of this market is fairly meaningless with the low number of available condos for sale.

The one month absorption rate jumped to 4.2 months, signifying a return to a seller’s market.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer. 

The April 2012 numbers were:  35 active listings, 6 pending sales and 5 closed sales.   Still doing better this year when considering the tiny inventory of condos available for sale in Hobe Sound.


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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, April 2013

 

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, April 2013

05.25.13 by

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, April 2013

 

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

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

 

There are currently 227 active listings. ( A decrease of 22 homes from March)

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106 Residential sales are pending and awaiting close  (An increase of 6 homes from March)

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51 Homes Sold in April (Up 6 homes from last month)

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Strong sales activity for a second month for the Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County.  Inventory levels dropped significantly for the month after a slight rise last month.  Pending sales were up.  With such low numbers of available homes on the market, activity might slow in the coming summer months.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 4.5 months.  Continuing from last month into a now stronger seller’s market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for April 2012 were:  315 active listings, 96 pending sales and 45 closed sales.   Considering the reduced inventory as compared to 2012, the market activity continues to grown and improve for the Hobe Sound residential real estate market.

 

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, April 2013

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, April 2013

05.24.13 by

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, April 2013

 

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

 

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

There are currently 51 active listings. ( A decrease of 3 condos from March)

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26 Condo sales are pending and awaiting close or lender approval. (Down by 2 condos from March)

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15 Condos Sold (Increased by 2 condos from March)

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The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  Current inventory is at an almost all time low.   Closed sales were up slightly for April, while pending sales were off slightly.

The one month absorption rate for the April 2013, Jensen Beach Florida Market Report ZIP Code 34957 is now down to 3.4 months.   This signifies a strong seller’s market in Jensen Beach for condos.  Typically, a 6 month absorption rate is considered balanced, favoring neither the buyer or seller.

The April 2012 numbers were: 53 active listings, 28 pending sales and 8 condos closed.   Much better closed activity for this year.


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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, April 2013

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, April 2013

05.23.13 by

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, April 2013

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

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

 

 There are currently 116 active listings. (A decrease of 3 homes from last month)

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84 Residential sales are pending and awaiting close or lender approval. (Down 2 homes from March)

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32 Homes Sold (Up by 7 homes from March)

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The Jensen Beach residential real estate market, zip code 34957 for April had another strong month for closed sales.   Pending sales took a slight drop and the inventory also declined by only 3 homes.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 dropped to 3.6 months, now a strong seller’s market.  A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The April 2012 numbers were: 135 active listings, 78 pending sales and 33 home sales closed.  With inventory levels almost 50% lower, the Jensen beach market activity as a percentage of available properties is much higher, while absolute numbers are similar.

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Jensen Beach Florida Market Report ZIP Code 34957 – Residential, April 2013

Palm City Florida Market Report ZIP Code 34990 – Condo, April 2013

05.22.13 by

Palm City Florida Market Report ZIP Code 34990 – Condo, April 2013

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

 

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



There are currently 58 active condo listings. (Down 5 condos from March)

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

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7 Condos Sold in April. (Up 2 condos from March)

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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.   Considering that we are now down to only 58 active cndo listings, activity has been excellent for this market.  Both closed and pending sales were up for April.
 
The current absorption rate for condos in the 34990 zip code area is 8.2 months.  Now down to a slight buyers’ market, as a balanced market is considered to be an absorption rate of around 6 months.
 
The April 2012 numbers were: 66 active listings, 3 pending sales and 1 closed sales.   Considerably better activity for 2013 than last year.

 

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Palm City Florida Market Report ZIP Code 34990 – Condo, April 2013

One Bedroom Portofino Condo Under Contract

05.21.13 by

One Bedroom Portofino Condo Under Contract

This well appointed bank owned one bedroom Portofino Condo under contract.  3734 NW Mediterranean Lane, Suite 207 is under agreement and will close soon for the very happy new buyer. 

One Bedroom Portofino Condo Under Contract
Portofino Condos at Jensen Beach is a gorgeous gated condo community that’s just great for families or singles. Portofino offers fantastic amenities such as a resort-style pool and hot tub, a state-of-the-art fitness center, and an indoor air-conditioned racquetball court along with outdoor tennis court. A business center is also available that delivers the conveniences of a home office, with computers, a copier, and a fax machine to keep you connected. A children’s playground is also available. This community is only 10 minutes from the beaches, and it is just minutes to both Jensen Beach Elementary School and Jensen Beach High School. Jensen Beach students also attend Stuart Middle School which is only about 15 minutes away.

One Bedroom Portofino Condo Under Contract

With a total of 384 units, there are 116 one-bedroom, 196 two-bedroom and 72 three-bedroom units within Portofino that are spacious and include balconies! Portofino provides luxury living for its residents, set in a peaceful Florida preserve atmosphere, many with lake views. Living in Portofino Condos at Jensen Beach you will feel like you are on vacation year round!


One Bedroom Portofino Condo Under Contract

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One Bedroom Portofino Condo Under Contract

Palm City Florida Market Report ZIP Code 34990 – Residential, April 2013

05.21.13 by

Palm City Florida Market Report ZIP Code 34990 – Residential, April 2013

 

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

 

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


There are currently 382 active listings (A decrease of 16 homes from March)

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186 Residential sales are pending and awaiting close or lender approval. (An increase of 6 homes from last month)

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76 Homes Sold in April (Increased by 8 homes from March)

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For the Palm City, zip code 34990, area of Martin County Florida the residential market activity showed strong results for April.  Closed sales increased again and remained quite strong.  Pending sales also increased and show good potential for future closed sales.  The inventory continues to decline and this may be a troubling statistic in the future as fewer homes are available for sale.
 

The current absorption rate stands at 5 months.   The Palm City residential real estate market has slipped into a sellers market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The April 2012 numbers were:  462 active listings, 228 pending sales and 49 closed sales.  Our closed sales for this year remain considerably better than last year.  This is especially noteworthy with the reduced amount of available homes for sale.  Pending sales are lower this year and the inventory may very well be one of the factors for this lower number.

 

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Palm City Florida Market Report ZIP Code 34990 – Residential, April 2013

Stuart Florida Market Report ZIP Code 34997 – Condo, April 2013

05.20.13 by

Stuart Florida Market Report ZIP Code 34997 – Condo, April 2013

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

 

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

 

There are currently 101 active condo listings (A decrease of 2 condos form March).

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29 Condo sales are pending and awaiting close or lender approval (Down 10 condos from March).

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34 Condos Sold in April (An increase of 18 condos from March).

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The Stuart condo market for the area in ZIP code 34997 showed very strong closed numbers for April .  Sales more than doubled from March (which were also double from February).  Pending sales however took a significant drop.  While the inventory decreased by a small number (2).  One of the strongest months for condo activity in some years.
 

The one month absorption rate decreased to 3 months.  For April, this represents a major shift into a strong seller’s market.  A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller. 

The April 2012 numbers were: 115 active listings, 34 pending sales and 18 closed sales.  Other than the big increase in closed sales for this year, numbers are fairly similar to April of 2012.  I expect a return to a more balanced market in the coming months with the lower pending activity.

 

 

Stuart Florida Real Estate presented by:
Gabe Sanders

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

 

 

Sandpebble Riverside Condo Under Contract

05.19.13 by

Sandpebble Riverside Condo Under Contract

4490 NE Sandpebble Trce. Suite 8-301 is now under contract on the river side of the Sandpebble Condos on Hutchinson Island in Stuart, FL.

 View from Sandpebble Riverside Condo

Gorgeous views from this 3rd floor end unit condo in Sandpebble, overlooking the pool, docks, plus, with mile wide river views.  An immaculate 2 BR, 2 BA condo that has been well maintained.  Upgrades include corian counter-tops in kitchen, large dual sink, stove and microwave. Plantation shutters in the dining area, carpets that are 3 years new.  Both bathrooms updated, new vanities, new shower stall with designer details. Custom built storage in living area.  Accordion shutters for easy access and security.   This is a turn key unit, being sold unfurnished, with some items being negotiable.

Living area of Sandpebble Riverside Condo

Kitchen of Sandpebble Riverside Condo


On the beautiful and unspoiled portion of South Hutchinson Island lies one of the best kept secrets in Martin County.  Located on a pristine 37 acres that reaches from the Atlantic Ocean to the Indian River (Intracoastal Waterway).

Sandpebble Condos consist of 3 Ocean Front Buildings and 7 River Front buildings.  A total of 5 heated pools (3 river side and 2 ocean side), along with deep water docks for 66 vessels.    Docks are available to residents only on a first come first served basis and are available for lease at a very reasonable $1.50 per foot per month.

Hutchinson Island Condos in Sandpebble, Stuart, Florida


On the spacious grounds there is plenty of green space for outdoor activities, two hard court tennis courts and a fully equipped club house with kitchen and on-site management.  Both Oceanside and riverside sections are gated for secured entry only.  Residents have the use of both the river and Oceanside sections regardless of the location of their own units.

Hutchinson Island Condos in Sandpebble, Stuart, Florida

 

Construction of the Sandpebble complex began in 1982 and just recently all buildings were completely refurbished with metal roofs, Hardi-Plank replacement for exterior wood surfaces, complete concrete (re-bar) restoration, the installation of a bulkhead protecting and enhancing the river-side property and structures, updated landscaping and the painting of all the buildings.

For additional information and availability of Sandpebble Condominiums and other attractive Oceanfront Homes, Condos or Vacant Land, contact Gabe Sanders.

 

Search the MLS for Sandpebble Condos

Sandpebble Riverside Condo Under Contract