Hobe Sound Florida Market Report ZIP Code 33455 – Condo, December 2012

01.25.13 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, December 2012

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for December 2012

 

For December 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 26 active condo listings. (Unchanged from November)

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10 Condo sales are pending and awaiting close or lender approval. (No change from November)

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  2 Condos sold in December (An increase of 1 condo from November)

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The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  December showed very little change from last month (which showed very little change from the previous months as well).  In fact the only change was an increase to 2 closed sales from 1 the previous month.

The one month absorption rate is up to 13 months, signifying that it’s still a buyers market.  But this will almost certainly change in the coming months.   Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.  But, with such low numbers, these indicators can easily be misleading.

The December 2011 numbers were:  37 active listings, 7 pending sales and 5 closed sales.  Not quite as robust as last year even when factoring in the smaller inventory of available homes.



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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, December 2012

 

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, December 2012

01.24.13 by

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, December 2012

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for December 2012

 

For December 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 293 active listings. ( A decrease of 8 homes from November)

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84 Residential sales are pending and awaiting close or lender approval (A decrease of 12 homes from November)

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45 Homes Sold in December (An increase of 16 homes from last month)

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Continued strong results from the Hobe Sound residential real estate market (zip code 33455) of Martin County.  A large jump in closed sales closed out 2012.  A decrease in pending sales which is not unexpected as holiday traffic is generally lighter than most other months.  The inventory also continued it’s decrease which is becoming troubling as the number of available home for sales is quite low.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 6.5 months.  Now an almost balanced market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for December 2011 were:  330 active listings, 58 pending sales and 28 closed sales.   We continue to have considerably improved activity as compared to last year.

 

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, December 2012

The Pines and Windemere in Jensen Beach

01.23.13 by

The Pines and Windemere in Jensen Beach

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 The Pines and Windemere in Jensen Beach is so desirable.

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.”

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.”

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.

For any questions you may have about 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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The Pines and Windemere in Jensen Beach

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, December 2012

01.22.13 by

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, December 2012

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for December 2012

 

For December 2012 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 65 active listings. ( An increase of 9 condos from November)

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17 Condo sales are pending and awaiting close or lender approval. (Up 1 condo from November)

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5 Condos Sold (Decreased by 3 condos from November)

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The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  For the past two months there has been a significant jump in available inventory.  Up by more than 50%.  Unfortunately neither closed or pending sales have kept up with this rise as sales were off by 2 condos and pending sales rose by only one.  It remains to be seen if the increased inventory will find it’s ay to completed sales as buyers come into the winter market.

The one month absorption rate for the December 2012, Jensen Beach Florida Market Report ZIP Code 34957 is 13 months.  A strong buyer’s market.  Typically, a 6 month absorption rate is considered balanced, favoring neither the buyer or seller.

The December 2011 numbers were: 65 active listings, 11 pending sales and 6 condos closed.  Very similar numbers to this year.


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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, December 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, December 2012

01.21.13 by

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, December 2012

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for December 2012

 For December 2012in the 34957 Zip Code area of Jensen Beach, Florida :

 

 There are currently 113 active listings. (Up 2 homes from last month)

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52 Residential sales are pending and awaiting close or lender approval. (Down 21 homes from November)

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26 Homes Sold (Up 3 homes from November)

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The Jensen Beach residential real estate market, zip code 34957 for December showed a marked decrease in pending activity.  This is a typical result for the holidays as the traffic is generally lower.  Closed sales were up slightly and the inventory was also up slightly.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 is 4.3 months. This is a market that favors sellers over buyers.  A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The December 2011 numbers were: 279 active listings, 75 pending sales and 25 home sales closed.  Considering the reduced inventory, the Jensen Beach real estate market activity is doing quite well.
 

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Jensen Beach Florida Market Report ZIP Code 34957 – Residential, December 2012

Hammock Creek January 2013 Market Update

01.21.13 by

Hammock Creek January 2013 Market Update

There are currently 25 homes actively listed in Hammock Creek for December, 2012 in Palm City, Florida.  The average list price is $409,715 at $140.46 per square foot of living area.

There are 5 homes under contract awaiting closing.  One is a short sale.  The average list price is $416,760 at $148.48 per square foot of living area.

In the past 12 months, 39 homes have sold in Hammock Creek with an average sales price of $375.420 at $125.17 per square foot of living area.

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 January 2013 Market Update

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

Palm City Florida Real Estate
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Hammock Creek January 2013 Market Update

Coming Soon 2.28 Waterfront Acres in White City

01.20.13 by

Coming Soon 2.28 Waterfront Acres in White City

An exceptional opportunity is coming soon 2.28 waterfront acres in White City, FL in River Place with over 500′ of ocean access water frontage.  Offered at an incredible $225,000

1922 Old River Road in River Place

One of a kind opportunity for Ocean access waterfront land with over 500’ of water frontage.  Room for a large home as well as guest home and multiple docks on the North Fork of the Saint Lucie River just north of Midway Rd.  This lot consists of 3 parcels that total 2.28 acres on the cul-de-sac in River Place.  Water depth is over 5’ (bridge clearance approx. 10’ and seller reports 1 hour to ocean).  This parcel is grandfathered for 15’ setback from shore of the river for a potential magnificent river view home.  Minimum of 2,000 square feet of living area required for a home. The river is fresh water in this section of the Saint Lucie River.  Very private and secluded location yet close to downtown Fort Pierce, restaurants, shopping, beaches and I-95.

Live in quiet seclusion with you own dock and still be only minutes from the vibrant downtown area of Fort Pierce.  Enjoy the plays and concerts at the Sunrise theater.  Fish off your own dock, or just a quick drive to the beaches to surf, fish or build some sand castles.  Endless possibilities for a wonderful Florida lifestyle!

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Coming Soon 2.28 Waterfront Acres in White City

Palm City Florida Market Report ZIP Code 34990 – Condo, December 2012

01.19.13 by

Palm City Florida Market Report ZIP Code 34990 – Condo, December 2012

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for December 2012

 

For December 2012 in the 34990 Zip Code area of Palm City, Florida :



There are currently 63 active condo listings. (An increase of 2 condos from November)

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8 Condo sales are pending and awaiting close or lender approval. (Down 2 condos from last month)

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3 Condos Sold in December. (Down 2 sales for November)

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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.  For December, sales were off to 3 closed, from 5 the previous month. Pending sales were also off slightly.  The inventory of available condos for sale has taken another small increase for the second month in a row.
 
The current absorption rate for condos in the 34990 zip code area is 21 months.  A very strong buyers’ market, as a balanced market is considered to be an absorption rate of around 6 months.
 
The December 2011 numbers were: 65 active listings, 3 pending sales and 1 closed sales.   Better activity this year as compared to the end of 2011.

 

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Palm City Florida Market Report ZIP Code 34990 – Condo, December 2012

Palm City Florida Market Report ZIP Code 34990 – Residential, December 2012

01.18.13 by

Palm City Florida Market Report ZIP Code 34990 – Residential, December 2012

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for December 2012

 

For December 2012 in the 34990 Zip Code area of Palm City Florida :


There are currently 398 active listings (A decrease of 6 homes from November)

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129 Residential sales are pending and awaiting close or lender approval. (A decrease of 7 homes from last month)

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45 Homes Sold in December (Decreased by 11 homes from November)

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For the Palm City, zip code 34990, area of Martin County Florida, the real estate activity slowed somewhat for the end of the year.  Both pending and closed sales were off slightly.  The inventory continued to decline as well.   I’m expecting the inventory to rise some with the new year as the current numbers are getting quite low.  If prices continue to increase, many underwater owners will be able to sell their homes with a little profit.
 

The current absorption rate stands at 8.8 months.  This rate still signifies a buyer’s market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The December 2011 numbers were:  478 active listings, 114 pending sales and 57 closed sales.  We are seeing the signs of a reduced inventory for the end of 2012 with a decreased number of closed sales.

 

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Palm City Florida Market Report ZIP Code 34990 – Residential, December 2012

Florida has money for foreclosed owners but few apply

01.17.13 by

Florida has money for foreclosed owners but few apply

TALLAHASSEE, Fla. – Jan. 17, 2013 – With a Jan. 18, 2013, deadline looming, Florida Attorney General Pam Bondi’s office, working with Rust Consulting, Inc., has started picking up the phone in a last-ditch effort to contact Floridians who may be eligible for cash payments under the national mortgage settlement.

People who went through the foreclosure process between Jan. 1, 2008, and Dec. 31, 2011, are eligible for money if they had mortgages serviced by Ally/GMAC, Bank of America, Citi, JPMorgan Chase or Wells Fargo.

“It’s difficult to reach homeowners who lost their property, because there isn’t always a clear trail once they’ve moved,” says Florida Realtors Senior Vice President of Public Policy John Sebree. “Some foreclosed owners moved to hotels; some moved out of state; some may even be homeless. Attorney General Bondi’s office has made a good faith effort to find these deserving homeowners, but not enough people know about the money.”

Bondi’s office says that claims received after Jan. 18 may be considered, but payment to those claimants isn’t guaranteed. To date, only 44 percent of eligible claimants have submitted the proper forms.

Payment checks will be mailed in mid-2013, according to Bondi. A valid claimant can expect at least $840 and probably more.

This $25 billion settlement between the nation’s five largest mortgage servicers, federal government, 49 states and the District of Columbia earmarked about $1.5 billion in payments for 2 million borrowers. In Florida, approximately $170 million will be used for the claimants. All available funds will be distributed, Bondi’s office says – none will be returned to the banks or used for any other purpose.

For more information about eligibility and filing a claim:

• Visit the master claim website: NationalMortgageSettlement.com

• Email: administrator@nationalmortgagesettlement.com

• Call toll-free: 1-866-430-8358 (hearing impaired: 1-866-494-8281). The line is staffed Monday through Friday 7 a.m. to 7 p.m. Central.

© 2013 Florida Realtors®

Palm City Farms Open House

01.17.13 by

Palm City Farms Open House

Are you looking for the ultimate in privacy on 5 acres?  Would you like some horses or other animals with no restrictions?  Then come and join us on January 20 at 6710 SW Rattlesnake Run for an open house from 1 to 4 pm.

2002 Built home with metal roof and hardi-plank siding on 5 Acres in an Equestrian or Agricultural area of Palm City, Florida.

Both you and your horses will adore this secluded 5 acre property with a beautiful 2002 built home featuring hardi-plank siding and a metal roof. 3 bedrooms 2 bathrooms plus an office with built in workstations.

A gourmet kitchen offers stainless appliances custom cabinets and a spacious built in rotating island. A 6 burner Kitchen-Aide gas convection oven, Miele dishwasher, GE refrigerator, Large living room with built in entertainment center. Master bedroom has large walk in closets and nicely appointed master bath with indoor/outdoor shower. This property is perfect for any one wanting the ultimate in privacy while having lots of room to roam as well as the opportunity for keeping horses or other agricultural possibilities.

This property is perfect for any one wanting the ultimate in privacy while having lots of room to roam as well as the opportunity for keeping horses or other agricultural possibilities.   The land is nice and dry with no apparent wetlands.  Two ponds are currently on the property.  Easily cleared for those desiring additional pasture lands.

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Palm City Farms Open House

Stuart Florida Market Report ZIP Code 34997 – Condo, December 2012

01.16.13 by

Stuart Florida Market Report ZIP Code 34997 – Condo, December 2012

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2012

 

For December 2012 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 98 active condo listings (Increase of 1 condo form November).

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12 Condo sales are pending and awaiting close or lender approval (Down 9 from November).

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10 Condos Sold in December (An increase of 3 condos from November).

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The Stuart condo market for the area in ZIP code 34997 had a fairly slow December to end 2012.  The largest change from November was a sizable drop in pending sales.  This is typical for a December as the real estate traffic is typically slow during the Christmas season.  I am a little surprised that the closed sales numbers weren’t better at years end.

The one month absorption rate is at  9.8 months.  This is still a buyers market for the Stuart Florida Market Report ZIP Code 34997.  Typically, a 6 month absorption rate signifies a balanced market that favors neither the buyer nor the seller.

The December 2011 numbers were: 106 active listings, 21 pending sales and 15 closed sales.  Compared to December of 2011, this year’s market activity was a bit softer. 

 

 

Stuart Florida Real Estate presented by:
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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2012

 

 

Stuart Florida Market Report ZIP Code 34997 – Residential, December 2012

01.15.13 by

Stuart Florida Market Report ZIP Code 34997 – Residential, December 2012

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2012

 

There are currently 336 active listings (a decrease of 23 homes from November).

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164 Residential sales are pending and awaiting close or lender approval (A decrease of 27 homes from November).

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62 Homes Sold in December (Up 18 homes from November)

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The Stuart Florida Market Report ZIP Code 34997 finished 2012 with a strong 62 homes closed.  Pending sales were off which is not unexpected as traffic during the holiday season is typically lighter than normal.  Somewhat troubling though, is the inventory of available homes decreased by 23 homes and is very low.  I’m hoping to see this number rise as we get into the new year.  Should it stay low, we’ll see reduced activity for next year because of a lack of inventory.
 
The current one month absorption rate is at 5.4 months which indicates a slight sellers advantage for the 34997 Stuart zip code real estate market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.
 
The 2011 numbers were: 522 active listings, 176 pending listings and 78 closed sales.  The most striking number from last year is the difference in inventory of available homes for sale.
 
 

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Stuart Florida Market Report ZIP Code 34997 – Residential, December 2012

Suntide Condo on Hutchinson Island

01.15.13 by

Suntide Condo on Hutchinson Island

Great opportunity for this Suntide Condo on Hutchinson Island in Stuart.  Fully furnished with an updated kitchen, ocean front condo in Martin County’s prime Hutchinson Island location and building. Spacious 2 bedroom split plan with everything one needs for a full-time home or that special Florida tropical retreat. Suntide includes private beach access, heated pool, tennis courts, shuffleboard, wash area, newly renovated clubhouse with billiards, card table, fully equipped kitchen, bar, library and entertaining area as well as a profession fitness center. Under building secured parking. This well-appointed condo is ready for immediate occupancy.
Suntide is the first condo complexes north of the Stuart Causeway on Hutchinson Island in Martin County.   Constructed originally in 1972, it retains much of the original and unique architecture of the times, yet boasts terrific amenities and at a much more reasonable price than much of the competition.  Please call and ask about Suntide.

 

Suntide Condo on Hutchinson Island

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Palm Cove Golf and Yacht Club January 2013 Market Update

01.14.13 by

Palm Cove Golf and Yacht Club January 2013 Market Update

There are currently 22 homes actively listed in Palm Cove Yacht and Golf Cub for December, 2012 in Palm City, Florida.  The average list price is $573,086 at $178.40 per square foot of living area.

There are 4 homes under contract awaiting closing.  The average list price is $418,225 at $145.83 per square foot of living area.

In the past 12 months, 15 homes have sold in Palm Cove Yacht and Golf Cub with an average sales price of $543,593 at $157.23 per square foot of living area.

Palm Cove Golf and Yacht Club in palm City Florida

The Palm Cove Golf and Yacht Club in Palm City Florida includes 206 residences, ranging from spacious condos with garages to townhomes, fairway homes to multimillion dollar waterfront homes on the shores of the north fork of the wide Saint Lucie River.

Palm Cove Golf and Yacht Club in palm City Florida

This magnificent community boasts a championship Chi Chi Rodrigues designed golf course. Memberships are available to both residents and non-residents and membership is not mandatory.  In addition to golf, boaters enjoy a 93 slip deep water marina with docks available for over 50’ vessels.

Palm Cove Golf and Yacht Club in palm City Florida

There’s a magnificent club house located riverside by the marina.  Residents enjoy 24 hour security from the manned gated entrance.  The Palm Cove Golf and yacht Club is separated into two main sections.  Fairway homes are on the south side of Mapp Road with the entrance across the main entrance to palm Cove and is controlled by remote from the main security gate.

Palm Cove Golf and Yacht Club in palm City Florida

In the main section, are the estate homes, town-homes at Island creek as well as the condos at ‘the Links’.   Homes range from 1500 sq. ft. town-homes with 2 bedrooms, 2 bathrooms and 2 car garages all the way up to 6,000 sq. ft. plus waterfront residences with 5 bedrooms, office, 6 and ½ bathrooms and 3 car garages.  Home owner (HOA) fees vary from section to section.  The estate homes run approximately $450 per month, while in the fairways section they are around $550 per month, but include landscaping.  For a complete list of fees, please give us a call.

Palm Cove Golf and Yacht Club in palm City Florida

Palm Cove families enjoy a quiet secluded lifestyle yet are close to shopping, restaurants and the beaches of Martin County.  Children attend an ‘A’ rated Martin County school system to the following schools:  Bessey Creek elementary, Hidden Oaks middle and Martin County High.

Currently, these homes are available for sale in the Palm Cove Golf and Yacht Club

 

For any questions you may have about the palm Cove Yacht and Golf Club in Palm City Florida, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Palm Cove Golf and Yacht Club January 2013 Market Update

The Yacht and Country Club of Stuart January 2013 Market Report

01.13.13 by

The Yacht and Country Club of Stuart January 2013 Market Report

January 2013 Market Update:

There are 18 homes currently for sale in the Yacht and Country Club of Stuart.  Listing prices are from $175,000 to $699,000. (Average of $138.29 per square foot of living area)

There are currently 8 homes under contract ranging in listing price from $127,000 to $399,000.  (Average of $95.27 per square foot of living area)

35 homes have sold in the past 12 months.  Ranging in sales price from $109,900 to $890,000 (the average sales price was $294,301 or $112.23 per sq. ft. of living area).


The Yacht and Country Club of Stuart, Florida Golf Course

One of the first gated golf communities in Martin County, the , Florida remains among the preeminent communities on Florida’s Treasure Coast for both the golf and yachting enthusiast.  This fine gate guarded community boasts water front homes that are only minutes from the Saint Lucie inlet and the Atlantic Ocean.  Easy access for day trips to the Bahamas and back and a true fisherman’s paradise.

The Yacht and Country Club of Stuart, Florida Clubhouse

The ‘Stuart’ golf course at the Yacht  & Country Club of Stuart, Florida features a professional 18 hole course with 6,466 yards of golf from the longest tees for a par of 71 . The course rating is 71.2 and it has a slope rating of 125 on Bermuda grass. Driving range and putting greens are also provided at this club.

The Yacht and Country Club of Stuart, Florida Canal

The clubhouse at the Yacht and Country Club of Stuart offers a professionally appointed fitness center with a a resident massage therapist.  Tennis is provided by ix lighted Har-tru tennis courts and also residents are provided with two lighted croquet lawns.

The Yacht and Country Club of Stuart, Florida Homes

There is a heated swimming pool open daily and water aerobics is offered on a weekly basis. The Yacht and Country Club of Stuart has a formal Dining Room that has earned itself a reputation as one of Stuart’s finest dining establishments. Also offered is the “Grill Room” for those who would like to enjoy a more casual dining experience.

The Yacht and Country Club of Stuart, Florida Homes

Truly a wonderful place to call home.

 

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Yacht and Country Club of Stuart, Florida - Homes for Sale

The Yacht and Country Club of Stuart January 2013 Market Report

Stuart Florida Market Report ZIP Code 34996 – Condo, December 2012

01.13.13 by

Stuart Florida Market Report ZIP Code 34996 – Condo, December 2012

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for December 2012

For December 2012 in the 34996 Zip Code area of Stuart, Florida :

There are currently 216 active condo listings (Up 7 from last month).

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29 Condo sales are pending and awaiting close or lender approval (An increase of 3 condos from November).

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14 Condos Sold in December (Up by 2 from November)

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The Stuart Florida Market Report ZIP Code 34996 for Condos showed some increased activity along with the second straight month of increasing inventory.  Pending sales were up slightly which is unusual for December, which is typically a month with reduced traffic because of the holidays.  Sales were also up, though I was expecting a bit stronger closed activity to finish the year.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo is just over 15.4 months.  Still indicating a strong buyers’ market.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for December 2011 were: 226 active listings, 19 pending sales and 12 closed sales.  Very similar numbers to this year with the exception of a significantly higher pending sales numbers.

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Stuart Florida Market Report ZIP Code 34996 – Condo, December 2012

Stuart Florida Market Report ZIP Code 34996 – Residential, December 2012

01.12.13 by

Stuart Florida Market Report ZIP Code 34996 – Residential, December 2012

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for December 2012

 

For December, 2012 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 151 active listings (Down 6 homes from November).

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23 Residential sales are pending and awaiting close or lender approval (No change from November).

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11 Homes Sold in December (Same as November).

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Other than a small decrease in inventory, there was no change in he 34996 zip code area of Stuart Florida real estate market activity for December 2012.  Pending and Sold activity was unchanged.

The one month absorption rate for the 34996 zip code area of Stuart Florida for December is 13.7 months, which represents a buyer’s market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for December of 2011 were: 179 active listings, 24 pending sales and 10 closed sales.  Other than the inventory, very similar activity this year when compared to last year.

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Stuart Florida Market Report ZIP Code 34996 – Residential, December 2012

Price Reduced on Updated Oceanfront Condo

01.12.13 by

Price Reduced on Updated Oceanfront Condo


The price reduced on updated oceanfront condo at 2491 NE Ocean Blvd – Suite 401 in Sandpebble on Hutchinson Island in Stuart, FL.  Now available for $439,000.  Come and take a look at this top floor spacious unit with both ocean and river views.

New on the market, this Spacious Ocean Front Condo on Hutchinson Island in Sandpebble at 2491 NE Ocean Blvd. Suite 401

Enjoy sweeping Ocean to River views in this top floor North East corner unit that has been totally and extensively renovated for the most discerning buyer. . Imported Italian porcelain tile, granite counter tops, custom walnut wood work throughout, crown mo ldings, Jacuzzi tub and much more. This spacious unit offers a large open plan and is not your cookie cutter island condo. Enjoy two separate balco nies, under building parking, extra storage locker. This is a gated community that spans from the Ocean to the River with docks available for lease (check availability), 5 pools, hot tubs, tennis courts and a fully equipped club house with kitchen a vailable for private functions. Private ocean access. Elevator in building. 1 small pet is allowed.

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Price Reduced on Updated Oceanfront Condo

Stuart Florida Market Report ZIP Code 34994 – Condo, December 2012

01.11.13 by

Stuart Florida Market Report ZIP Code 34994 – Condo, December 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for December 2012

For December, 2012 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 153 active condo listings (Unchanged from November).

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35 Condo sales are pending and awaiting close or lender approval. (Down 7 condos from last month)

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14 Condos Sold in December (An increase of 3 condos from November).

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After numerous months of strong results for the Stuart Condo market for zip code 34994 even during our off season, the market has cooled slightly as we passed the holidays.  The bright note is that end of year bargain hunters closed on 14 condos an increase from the previous prices.  All were in the under $100,000 price range.  The inventory remained unchanged while pending sales were off.  An expected result as there is typically considerably reduced traffic during the holidays. 

The one month absorption rate is at 11 months, which still signifies a buyers market.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last December the numbers were 153 active listings, 35 pending sales, and 13 closed sales.  Almost identical to this years activity.

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

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the Gabe Sanders real estate team

Stuart Florida Market Report ZIP Code 34994 – Condo, December 2012