March 2013 Market Update for Fairwinds Cove Condos in Jensen Beach

03.04.13 by

March 2013 Market Update for Fairwinds Cove Condos in Jensen Beach

Fairwinds Cove Condos in Jensen Beach, FL., Market Update for March 2013:


Currently 5 active listings on the market ranging in price from $145,000 to $250,000 for an average of $158.41 per square ft. of living area.

There are two condos under contract awaiting the sale for $195,000 and $220,000 list price at an average cost per square ft. of living area of $181.67.

In the past 12 months, 9 condos have sold ranging in sales prices from $120,000 to $197,000 with an average price per square foot of $131.54

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Located in beautiful Jensen Beach, Florida on the East side of the Jensen Beach Causeway is Fairwinds Cove.  A waterfront condo complex of 10 four story buildings with only 4 suites per floor.  Many of these condos with wonderful sweeping views of the Indian River (the Intracoastal Waterway that runs through Martin County).
 
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This condo complex built in multiple phases from 1974 to 1983 boasts two swimming pools, tennis courts, shuffleboard, waterside walking paths, a recently refurbished clubhouse with full kitchen, meeting room, fitness room, billiards and more.  Fairwinds Cove also has deeded docks with great access to fishing, water sports and only a few minutes to the crystal clear waters of the Atlantic Ocean.

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Fairwinds Cove is a non-age restricted community that allows one small pet.  There is a strong sense of community with many long time seasonal and full time residents.  Located within an easy walk to the beach and just a short drive to charming downtown Jensen Beach  as well as the many amenities offered in Martin County, Florida.

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March 2013 Market report for Suntide Condos on Hutchinson Island

03.03.13 by

March 2013 Market report for Suntide Condos on Hutchinson Island

As of March 1 2013, there are 4 condos on the market in Suntide on Hutchinson Island in Stuart FL.  Listing prices range from $197,000 to $335,000 with an average of $188.68 per sq. ft. of living area.

One condo is pending and awaiting sale.  It is a short sale listed at $164,900 or $163.75 per square foot of living area.

There has been only 1 condos sold in the past 12 months in Suntide.  The sales price was $168,500 or  $110.71 per sq. ft. of living area.

Located on Hutchinson Island in uncrowded and unspoiled Martin County, the  Suntide Building  is one of the premier ocean front condos in Stuart, Florida.  Boasting truly fine amenities with a protected pool, private beach access and hard to find under building protected parking.  There’s a full clubhouse with a fitness center, pool table, card room, library, full kitchen and reading room.

Suntide has all two bedroom, two bath condos that come in four different configurations and sizes.  The largest of these feature an office, sitting room than can possibly double as an extra bedroom.  Many units have direct and unspoiled ocean views.  One of the best run associations in Stuart, this fine complex is always a desirable destination for those who have made it their permanent residence as well as those who enjoy it as a vacation get away.

The Hutchinson House condos are one of the few condo developments that is pet friendly and allows for up to 2 large pets.  For currently available Hutchinson House condos please call or view the search link below.

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March 2013 Market report for Suntide Condos on Hutchinson Island

March 2013 Market Report for Hutchinson House Condos

03.02.13 by

March 2013 Market Report for Hutchinson House Condos

As of March 1 2013, there are 4 condos on the market in Hutchinson House on Hutchinson Island in Stuart FL.  Listing prices range from $215,000 to $499,000 with an average of $219.26 per sq. ft. of living area.

Currently, no homes are under contract.

There have been 4 condos sold in the past 12 months in Hutchinson House.  Sales prices ranged from $210,000 to $350,000 for an average of $200.05 per sq. ft. of living area.

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Located on Hutchinson Island in uncrowded and unspoiled Martin County, the Hutchinson House Condo complex is an ocean to Intracoastal complex with a variety of styles and views offering wonderful amenities that include ocean access docks, club house, pools, spa/jacuzzi, tennis and a private beach.
 
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Hutchinson House consists of 121 Condos, with the Ocean Side being Hutchinson House East and the river side is called Hutchinson House West.  Both sides offer 2 and 3 bedroom condos with 2 or more bathrooms.  Many with spectacular views of the river and the crystal clear blue waters of the Atlantic Ocean.

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The Hutchinson House condos are one of the few condo developments that is pet friendly and allows for up to 2 large pets.  For currently available Hutchinson House condos please call or view the search link below.

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Another Inlet Village Condo Sold

03.01.13 by

Another Inlet Village Condo Sold

This totally updated Inlet Village Condo in Indian River Plantation has Sold.  Offered for $210,000, this Hutchinson Island Condo in the Inlet Village section of Indian River Plantation is now no longer available.  Inlet Village on Hutchinson Island is an excellent condominium complex with 3 buildings and a dedicated community pool on the shores of the Intracoastal (the Indian River).  Two buildings are waterfront and the third is just off the water with lakeside views of the golf course at Indian River Plantation as well as sweeping vistas of .

SUNSET CITY! Enjoy wide water sunset views from your waterfront balcony at Inlet Village South – a direct riverfront 2BR unit at Indian River Plantation. This spacious unit offers covered parking and extra storage below, and is just across from th e pool deck. The entire complex was rebuilt in 2009 – all $2M paid for.  The Hutchinson Island Marriott Ocean Club is available for golf/tennis/beach fun for the whole family.  All ages are welcome to this pet friendly elevator building.

Amenities include a shuttle tram, access to the beach club, tennis courts, fitness center and executive golf course. There’s also a full service marina with dockage for large boats (check availability). Carefree Florida living at it’s finest!

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Another Inlet Village Condo Sold

Rocky Point Newer Home Sold

02.28.13 by

Rocky Point Newer Home Sold

Rocky Point Homes for Sale

The new owners are moving into this 4 Bedroom, 4 Bathroom, 3 Car garage pool home in the Rocky Point community of Stuart, FL this week.  Built in 2006, this home offered the space and amenities that were the perfect match to these new owners who have recently relocated.  Another fine home sold by the Gabe Sanders real estate team.

Rocky Point Homes for Sale

An exquisite residence with room to accommodate a large family. The gourmet kitchen has granite counter tops, stainless steel appliances and custom wood cabinetry. The Master Bedroom Suite is elegant.

Rocky Point Homes for Sale

The pool area gives the real meaning of a Tropical Paradise with lush landscaping creating absolute privacy. The pool is a Salt Chlorinated pool that is solar heated and self-cleaning. A real treat is a large secluded green space that would make an awesome garden area. The location could not be better.

Rocky Point Homes for SaleThis is a boater’s haven. Keep your yacht 2 miles away at one of the best full service Marinas in town.This area offers fine dining and wonderfully eclectic shopping.You can’t top this combination at this unbelievable price’

Rocky Point Homes for Sale

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Rocky Point Newer Home Sold

Martin County Florida Condo Market Report for January 2013

02.27.13 by

Martin County Florida Condo Market Report for January 2013

 

Commentary:

The Martin County Florida Condo Market for January 2013 continues to have its difficulties while the residential segment of the Treasure Coast real estate market is showing positive signs.  Sales for January were only 39 condos, down from 54 in December.  Similar to last year’s 37 condo sales in January.  The inventory declined to 610 condos (Down 20 from December) which is 54 condos less than were available last year.  This is the first month of decreasing inventory after 3 months of increases.  The median sales price dropped to $95,000 for January of 2013 (Was 133,000 in Jan 2012).   While the median list price rose to $179,000.  Whether this is just seasonal drop during the holiday season remains to be seen.  Typically we get more higher end condo sales in the spring season.

The one month absorption rate jumped to 15.6 months, while the three-month average rose to 13.3 months.  Still a very challenging market for condo sellers.  But quite attractive opportunities for buyers.  We need to see a sustained absorption rate below 9 months for a healthy market and down to 6 or 7 months to be considered a balanced one.

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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 Condo Market Report for January 2013

the Gabe Sanders real estate team

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

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Stuart Florida Real Estate


Spacious Stuart Town Home Just Listed

02.26.13 by

Spacious Stuart Town Home Just Listed

5916 SE Riverboat Drive in River Pines, Stuart, FL is now available for sale by the Gabe Sanders real estate team.

River Pines Townhomes

Spacious town home with private quiet location in River Pines. Only a short walk or bike ride to the Saint Lucie River with access for kayak launch. Boat ramps also nearby. All ages welcome and 2 small pets permitted. 2 reserved parking spots with additional guest parking. 2 Community pools, tennis courts and racquetball/handball courts.

River Pines Townhomes

A very well run community with excellent financials. Residents have the option of joining the Miles Grant golf club (just across the street). A partial list of updates include: Roof was replaced and updated in 2001, new AC in 2009, All sinks and toilets updated, Updated appliances, Patio is enclosed with argon glass filled roof and 75 mph windows and three glass skylights, Extra storage in patio as well as exterior shed.

River Pines Townhomes

View more information about this wonderful home!

 

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Spacious Stuart Town Home Just Listed

Martin County Florida Residential Market Report for January 2013

02.26.13 by

Martin County Florida Residential Market Report for January 2013

 

Commentary:

The Martin County Florida residential market report for January 2013 showed reduced sales activity which is mot unexpected as a result of slower activity from the holiday season.  But, we still showed stronger activity than for the past 3 January periods.  All this with an inventory of available homes now down by close to 50% from 2010.

Average and median sales prices were down for January.  The inventory of available homes finally showed a small increase of 49 homes.  This is positive news as the inventory was getting down to a point where there just wasn’t enough choices for willing buyers.  The one month absorption rate for January moved to 8.4 months, while the three-month average rose to 7.4 months.  A 6 month absorption rate is considered to be a balanced market, so we remain in a slight buyers market in Martin County.

February’s’s showing activity remains strong.  Some fairly positive economic data and strong positive Wall Street news should signal continuing positive real estate activity for the next few months.  Currently, I’m seeing issues with short sales as the banks seem to be reading the national statistics of increasing prices and are currently pricing many of their short sales at initially unacceptable levels.

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 January 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

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

02.25.13 by

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

 

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

 

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

 

There are currently 19 active condo listings. (Down by 7 condos from December)

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

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  4 Condos sold in January (An increase of 2 condos from December)

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The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  With a significant further decrease in inventory, I don’t see any meaningful market activity coming from this segment in the spring.  For January, good strong closed and pending activity when considering only 19 available condos for sale in this market segment.

The one month absorption rate is down to 4.8 months, signifying a sellers market.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.

The January 2012 numbers were:  32 active listings, 3 pending sales and 5 closed sales.  Considering the inventory, the market activity for January of 2013 was better than the same month last year.



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

 

February 2013 market Update for Sugar Hill in Jensen Beach

02.25.13 by

February 2013 market Update for Sugar Hill in Jensen Beach

As of Feb. 23 2013, there are 4 homes on the market in Sugar Hill in Jensen Beach, FL.  Listing prices range from $329,000 to $499,000 with an average of $165.31 per sq. ft. of living area.

Currently, no homes are under contract.

There have been 4 homes sold in the past 12 months in Sugar Hill.  Sales prices ranged from $290,000 to $447,000 for an average of $114.99 per sq. ft. of living area.

Sugar Hill in Jensen Beach Florida

February 2013 market Update for Sugar Hill in Jensen Beach is an eye pleasing high elevation neighborhood filled with upscale homes in Jensen Beach. All homes have very spacious yards that are surrounded with gorgeous Florida foliage. Most homes are timeless architectural works of beauty! Houses range from 2 to 5 bedrooms and 2 to 5 bathrooms, so whatever size you are looking for, Sugarhill is sure to have it. The neighborhood is located just minutes from all that Jensen Beach has to offer, like the beautiful stretches of beach on Hutchinson Island, the fantastic shopping at the Treasure Coast Square Mall, many restaurants you are sure to love, and our ‘A’ rated schools for all grade levels!

Sugar Hill in Jensen Beach FloridaSugarhill has very reasonable HOA fees of only $500.00 per year.

Sugar Hill in Jensen Beach Florida

The current Martin County Schools for Sugar Hill are Jensen Beach Elementary School, Stuart Middle School and Jensen Beach High School

Sugar Hill in Jensen Beach Florida

 

Here are the currently available homes in February 2013 market Update for Sugar Hill in Jensen Beach

 

For any questions you may have about February 2013 market Update for Sugar Hill in Jensen Beach, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Jensen Beach Florida Real Estate

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

February 2013 market Update for Sugar Hill in Jensen Beach

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

02.24.13 by

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

 

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

 

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

There are currently 262 active listings. ( A decrease of 31 homes from December)

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96 Residential sales are pending and awaiting close or lender approval (An increase of 12 homes from December)

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28 Homes Sold in January (A decrease of 17 homes from last month)

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After a very strong fall and winter from the Hobe Sound residential real estate market (zip code 33455) of Martin County, January has started off with a bit of a whimper.  Closed sales were off and the inventory was also down.  Pending sales were the only bright spot with an increase of 12 homes under contract.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 9.4 months.  Back to a buyer’s market again.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for January 2012 were:  359 active listings, 78 pending sales and 22 closed sales.   Compared to last year, we have considerably stronger activity in January of 2013 with better numbers, especially considering a much smaller number of available homes (inventory).

 

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

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

02.23.13 by

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

 

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

 

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

There are currently 66 active listings. ( An increase of 1 condo from December)

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27 Condo sales are pending and awaiting close or lender approval. (Up 10 condos from December)

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5 Condos Sold (No change from December)

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The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  Inventory was up once again (though only by 1 unit) for the third month in a row.   Closed sales remained unchanged, while there was a nice increase in pending sales.  If this continues through the spring, we should have an active condo market in the Jensen Beach area of Martin County.

The one month absorption rate for the January 2013, 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 January 2012 numbers were: 70 active listings, 16 pending sales and 7 condos closed.  Last year’s activity is very similar to January 2013, with the exception of a considerably higher number of pending sales.


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

Waterfront Home in Palm City Sold

02.23.13 by

Waterfront Home in Palm City Sold

Palm City FL Waterfront Homes

This attractive Waterfront Home in Palm City Sold on February 22, 2013.  Please welcome the happy new home owner as he prepares to make this home his own in the secluded and exclusive Hidden River section of Palm City, FL.  The sales price was $375,000 as negotiated by the Gabe Sanders real estate team.

Palm City FL Waterfront Homes 

Enjoy gorgeous sunset views from the expansive pool/patio area or from the interior over a wide section of Bessey Creek. Boaters will appreciate the easy ocean access with no fixed bridges from this natural tributary of the North Fork of the St. Lucie River. There is also protected deep water dockage and a 12,000 lb. covered boat lift.

Palm City FL Waterfront Homes

The open concept plan with vaulted ceilings, many windows and a full length sliding glass door to the patio gives the living area a bright airy appearance. There is ceramic tile throughout. The home is located in a family neighborhood on a quiet dead end street that runs between two waterways.

 

Palm City FL Waterfront Homes

 Palm City FL Waterfront Homes

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Waterfront Home in Palm City Sold

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

02.22.13 by

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

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

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

 

 There are currently 122 active listings. (Up 9 homes from last month)

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66 Residential sales are pending and awaiting close or lender approval. (Up 14 homes from December)

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14 Homes Sold (Down 12 homes from December)

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The Jensen Beach residential real estate market, zip code 34957 for January showed a marked decrease in closed sales.  This is not unusual after strong closed sales for the end of the previous year.  With the new year, there’s another month of some increased inventory along with a sizable increase in pending sales.  This should result in an active spring market for the 34957 zip code area of Martin County.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 dropped to 8 months. This is a market that favors buyers over sellers.  A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The January 2012 numbers were: 293 active listings, 96 pending sales and 23 home sales closed. Our current inventory is down to almost half of what it was last year.  Because of that, our market activity is also lower this year.

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Jensen Beach, FL Real Estate

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

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

02.21.13 by

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

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

 

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



There are currently 69 active condo listings. (An increase of 6 condos from December)

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

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3 Condos Sold in January. (No change from December)

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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 January, other than a small increase in available condos, there was no change in other market activity.
 
The current absorption rate for condos in the 34990 zip code area is 23 months.  A very strong buyers’ market, as a balanced market is considered to be an absorption rate of around 6 months.
 
The January 2012 numbers were: 68 active listings, 6 pending sales and 3 closed sales.   Close to being identical with this year’s activity.

 

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

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

02.20.13 by

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

 

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

 

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


There are currently 411 active listings (An increase of 13 homes from December)

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176 Residential sales are pending and awaiting close or lender approval. (An increase of 47 homes from last month)

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39 Homes Sold in January (Decreased by 6 homes from December)

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For the Palm City, zip code 34990, area of Martin County Florida, the real estate activity slowed again for the second month in a row.  The notable exception was a sizable jump in pending sales.  Providing that the majority of these sales will close in the next few months, we should have an active spring.  Inventory was also up slightly.  Good news as we need a variety of available homes to be on the market to have an active spring market. 

The current absorption rate stands at 10.5 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 January 2012 numbers were:  474 active listings, 161 pending sales and 72 closed sales.  Closed sales were considerably better last year.  Even accounting for the higher inventory.

 

Search here for Palm City Florida Real Estate for Sale

Palm City Florida Real Estate presented by:
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Palm City, FL Real Estate

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

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

02.19.13 by

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

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

 

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

 

There are currently 106 active condo listings (Increase of 8 condos form December).

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22 Condo sales are pending and awaiting close or lender approval (Up 11 from December).

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3 Condos Sold in January (A decrease of 7 condos from December).

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The Stuart condo market for the area in ZIP code 34997 had a fairly slow January to begin 2013.  Sales were off to only 3 units.  On a bit of a brighter note both the inventory and pending sales were up by healthy amounts.  This should result in some added activity for this segment of the market in the coming months.

The one month absorption rate is at  an atrocious 35 months.  This is an extreme 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 January 2012 numbers were: 114 active listings, 24 pending sales and 13 closed sales.  Compared to January of 2012, this year’s market leaves a lot to be desired.  Almost all activity was softer in this segment for the beginning of 2013. 

 

 

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

 

 

Sandpebble Oceanfront Condo at New Price

02.19.13 by

Sandpebble Oceanfront Condo at New Price


This Sandpebble Oceanfront Condo at New Price: 2491 NE Ocean Blvd – Suite 401 in Sandpebble on Hutchinson Island in Stuart, FL.  Now slashed to only $399,000.  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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Sandpebble Oceanfront Condo at New Price

Stuart Florida Market Report ZIP Code 34997 – Residential, January 2013

02.18.13 by

Stuart Florida Market Report ZIP Code 34997 – Residential, January 2013

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

 

There are currently 361 active listings (An increase of 25 homes from December).

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190 Residential sales are pending and awaiting close or lender approval (An increase of 26 homes from December).

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54 Homes Sold in January (Down 8 homes from December)

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After a stong finish to the year the Stuart Florida Market Report ZIP Code 34997 started out with some slower closed sales.  However, the number of active listings as ell as the pending sales were both up by a good number.  This should indicate a fairly healthy next few months for this market.
 
The current one month absorption rate dropped to 6.7 months which indicates a slight  buyers 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 2012 numbers were: 530 active listings, 205 pending listings and 45 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, January 2013

Vista Pines Condo in Stuart FL Sold

02.18.13 by

Vista Pines Condo in Stuart FL Sold

2600 SE Ocean Blvd. Suite KK- 10 just sold to a happy new owner.  Thank you to all the real estate agents and potential customers that looked at this furnished 1 BR 1.5 Bath Condo in the heart of Stuart, FL.

Spacious 2’nd floor 1 BR 1 and 1/2 Bath condo in Vista Pines. Community features include a 60′ heated pool, shuffleboard, barbecue area, and large clubhouse with billiards, woodworking shop, library, dance hall, and exercise facility. Quiet location yet close to front gate. Within walking distance of medical facilities, stores, restaurants, banks and more. Just a short ride to downtown or the beaches; the ‘perfect location’! Make this your full-time home or just come down to escape those cold northern winters. This is a 55+ community.

It is currently a very attractive time to consider buying a Condo in Vista Pines or the surrounding Martin County communities, 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.

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Vista Pines Condo in Stuart FL Sold