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

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

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

There are currently 428 active listings (A decrease of 43 homes from February).

263 Residential sales are pending and awaiting close or lender approval (An increase of 21 homes from February).

61 Homes Sold in February (Up 1 homes from February)

Another positive month for the 34997 zip code area of Stuart Florida.  This segment of the martin County real estate market is just HOT!  Inventory took a huge drop again in March while pending sales also rose significantly and closed sales remained steady with a significant number of sold homes.  There is an exceptionally large number of contingent sales (pendings) that are awaiting lender approval in the form of short sales.  Hopefully, the majority of these will receive approval and close.  It is significant to note that the active inventory has decreased by over 100 homes in the past two months, representing a close to 25% drop in active listings!

Compared to March of 2011, when there were 606 active listings, 197 pending sales and 77 closed sales, the 34997 area code for Stuart, Florida continues to show great improvement with considerably improved numbers, even with less inventory available.

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Stuart Florida Real Estate presented by:
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Stuart Florida Market Report ZIP Code 34997 – Residential, March 2012

Another Cedar Pointe Condo Sold by the Gabe Sanders Real Estate Team

Another Cedar Pointe Condo Sold by the Gabe Sanders Real Estate Team

2929 SE Ocean Blvd. Unit 147-8
Sales Price – $45,000

Charming two-bedroom condominium located in desirable Village 8. This condo comes completely furnished and is in move-in condition. Serene views from the glass-enclosed porch was recently redone. The air conditioner and roof were replaced in 2009. Community laundry plus an extra storage room are just steps away from your door. Complex amenities include clubhouse, pool, shuffleboard and many enjoyable activities to meet the neighbors. 55+ Community Close to shopping and beaches.

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Stuart Florida Real Estate presented by:
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Another Cedar Pointe Condo Sold by the Gabe Sanders Real Estate Team

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

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

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

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

There are currently 199 active condo listings (Down 8 from last month).

58 Condo sales are pending and awaiting close or lender approval (An increase of 15 condos from February).

23 Condos Sold in March (An increase of 13 condos from February)

The inventory continues to decline in the Stuart condo market for the area in ZIP code 34996.  Sales activity remained steady with only 2 less sales compared to February and pending sales took a nice jump by 18 units.  These are very strong signs for this segment of the market.  There was a fairly good mix of both Island units as well as some of the lesser-priced senior condos on the mainland selling last month.

Compared to the end of last year in March of 2011, the numbers were 242 active listings, 34 pending sales, and 36 closed sales.  While closed sales were off from last year, the mix of sales shows a higher number of more expensive Island Condos as well as the fact that there are approximately 20% fewer units actively for sale at this time.

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

The Yacht and Country Club of Stuart Courtyard Villa Price Reduced

The Yacht and Country Club of Stuart Courtyard Villa Price Reduced

Open House Sunday April 15 from 1 to 4 P.M.

Turn-Key Opportunity for a Fully Furnished Courtyard Home
Price has been adjusted to $170,000

ave a never ending vacation of a lifetime in this sunny bright courtyard villa in the Yacht and Country Club of Stuart. Lying adjacent to a full 1 acre of vacant land, this 3 BR, 2 BA, 2 Car Garage home is like having a private oasis. This home is offered fully furnished and even comes with your own golf cart ready for it’s new owner. Located in a guard gated golf course community (with golf membership not mandatory) and conveniently located close to marinas, beaches, shopping and the other amenities that Stuart, Florida has to offer. Community pool, tennis courts and fitness center are also available. Great opportunity for a full time or vacation home at an affordable price. For fishermen & boaters, there’s a 28′ Pro Cat fishing boat that is also available, only minutes away.

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The Yacht and Country Club of Stuart Courtyard Villa Price Reduced

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

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

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

For March 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 165 active listings (Down 18 from February).

36 Residential sales are pending and awaiting close or lender approval (Up 1 from February).

22 Homes Sold in March (Up 14 from February).

The 34996 zip code area of Stuart Florida showed very strong sales activity in March.  Pending sales also remained steady and the inventory declined further in a continued positive trend for this section of the residential single family market in Stuart, Florida.  The current absorption rate is under 8 months and is only a small number away from a balanced market.  When factoring in the distressed sales, this is an impressive result for March.

Comparing the numbers to March of 2011, there were 201 active listings, 31 pending sales and 8 closed sales.  This March’s activity is considerably better than last year, especially when one considers that there were almost 25% fewer homes available for sale on the market.  Impressive results!

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

Lost River Plantation Waterfront Homes in Stuart

Lost River Plantation Waterfront Homes in Stuart

 Lost River Plantation in Stuart, Florida consists of 111 homes all with private docks and Ocean access via the South Fork of the Saint Lucie River.  All, but just a handful of the homes have waterfront and dockage located in the backyard.  Suitable for deep draft ocean going vessels with some docks able to accommodate over 50’ vessels.  All homes are of newer construction (from 2004 to the present).  There are a limited number of new homes not on the MLS available now or to be built, please call us for details.

This is a spectacular waterfront community with very private and protected waterfront areas.  There is a community marina with a clubhouse that offers a fitness center, kitchen and social rooms.  For those wishing to commute to pints north or south, Lost River is very conveniently located near the Interstate for easy access.  Yet, it’s only 10 to 20 minutes’ drive to the pristine beaches and  quaint downtown areas of Stuart, Florida.  Also close to shopping, restaurants as well as medical facilities.  Lost River Plantation is a tremendous opportunity for newer waterfront construction.  A rare gem in this real estate market!

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Lost River Plantation Waterfront Homes in Stuart

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

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

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

For March 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 143 active condo listings (Down by 5 condos from February).

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

15 Condos Sold in March (Unchanged from February).

The Stuart Condo market for zip code 34994 showed continued momentum in March with very similar numbers from the previous month. Of note, is the fact that the inventory continues to decline while sales and pendings remained steady.

In March of 2011 the numbers were: Active – 144, Pending – 50 and Sales – 25.  Compared to last year, we are slightly below expectations.

Search here for Stuart Florida Real Estate for Sale ( Condos)
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Stuart Florida Real Estate presented by:
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Stuart Florida Market Report ZIP Code 34994 – Condo, March 2012

Stuart Florida Market Report ZIP Code 34994 – Residential, March 2012

Stuart Florida Market Report ZIP Code 34994 – Residential, March 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for March 2012

For March 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 84 active listings (Up 6 from February).

41 Residential sales are pending and awaiting close or lender approval (Down 2 from February).

7 Homes Sold in March (Down 5 homes from February)

The 34994 ZIP code area of Stuart showed a slight easing from the fairly good numbers from February.  Inventory was up by 8%, pending and closed sales were off slightly.

Last March at this time, there were 99 active listings, 29 pending sales and 6 closed sales.  So, still better than last year at this time.

In the 34997 zip code of Stuart, Florida there is not a large inventory and many of the homes currently on the market are just not what today’s buyer is in the market looking for.  So, sales will continue to be difficult unless the home is very attractively priced.

Search here for Stuart Florida Real Estate for Sale

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Stuart Florida Real Estate presented by:
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Stuart Florida Market Report ZIP Code 34994 – Residential, March 2012

Sewalls Point Market Report – Residential, March 2012

Sewalls Point Market Report – Residential, March 2012

Sewalls Point Real Estate Snapshot, Residential Sales for March 2012

There are currently 61 active listings (a decrease of 5 homes for sale from February)

12 Residential sales are pending and awaiting close or lender approval (An increase of 3 from February)

3 Homes sold in February (Unchanged from February)

Better results for the Sewalls Point market report. Inventory has gone down a little (5) to 61 homes while sales remained slow at 3 closed homes and pending sales were up slightly to 12 homes. Compared to other parts of martin County which continue to have fairly strong results, the Sewalls Point market is a bit sluggish, but showing activity is high and I suspect we should have increasing sales in the next few months. The Sewalls Point price point remains high for many of today’s buyers and this is possibly what is causing the slow activity at present.

Comparing the results to March of 2011, the inventory is basically unchanged as there were 60 homes on the market last year, pending sales were 11, and 2 homes sold.  Basically the same as last year.  The Sewalls Point average price point remains high for many of today’s buyers and this is possibly what is causing the slow activity at present.

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Sewalls Point Florida Real Estate presented by:
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Sewalls Point Market Report – Residential, March 2012

Ocean Bay Villas on Hutchinson Island

Ocean Bay Villas on Hutchinson Island

Ocean Bay Villas on Hutchinson Island is an exclusive private enclave for only 78 owners located beautiful and unspoiled Hutchinson Island in Saint Lucie County on Florida’s Treasure Coast.  All villas in Ocean Bay feature three story luxury town home style residences with elevators and modern updated interiors.

There are three different home plans; The Azalea with 3 Bedrooms, 3 & 1/2 Baths and Den in 2171 sq. ft. of living area. The Beachberry which has 3 Bedrooms, 3 Baths, Den and Office in 2,327 sq. ft. of living area.  And, the Cocoplum with with 3 Bedrooms, 3 & 1/2 Baths and Den in 2,579 sq. ft. of living area

All models have two car garages, 9 and 10 foot ceilings. This gated Ocean Side community features an entertainment clubhouse, fitness center, community pool and spa.  A true resort style lifestyle that can be yours everyday.

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Hutchinson Island Florida Real Estate is presented by:
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Ocean Bay Villas on Hutchinson Island

Crane Creek Country Club Homes for Sale in Martin Downs

Crane Creek Country Club Homes for Sale in Martin Downs Just Listed

1756 SW Crane Creek Circle in Martin Downs, Palm City, Florida

A large estate home in a gated country club community with golf, tennis, and much more. This property offers complete privacy on 2.3 acres of land. Set back approximately 200 ft. from the road. This is currently a 3 bedroom, possible 4 bedroom with 3 baths. Home is in need of some repairs and is being offered as a short sale.

The Crane Creek real estate in Martin Downs is made up of marvelous and varied homes with something for everyone. The properties involve a wide selection of architectural style and choices from condominiums to estate homes. The parcels also have as much variation with maintenance free lots and large acreage lots. Within minutes from two of Florida’s major thoroughfares, Florida’s Turnpike and I-95, the location of Crane Creek real estate removes the hassle from commuting.

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Palm City Florida Real Estate presented by:
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Crane Creek Country Club Homes for Sale in Martin Downs Just Listed

Pinecrest Lakes 5 BR Pool Home in Jensen Beach

 Pinecrest Lakes 5 BR Pool Home in Jensen Beach has Sold

Welcome your happy new neighbors in Pinecrest Lakes in Jensen Beach Florida.
This Pinecrest Lakes 5 BR Pool Home in Jensen Beach sold for $415,000 for a young family with more children on the way!

Bring the family, it’s a must see! This Pinecrest Lakes 5 BR Pool Home in Jensen Beach open house. A true 5 BR 3 BA updated pool home in desirable Pinecrest Lakes! The improvements are done and are ready for the new owner.

Gracious open floor plan with formal DR magnificent for entertaining and family gatherings. Upgrades include remodeled large eat-in kitchen with silestone counters, SS appliances and designer cabinets, kitchen island and walk in pantry. This split plan home boasts 2 Master BR suites, ideal for mother -in-law, guests, nanny or teens, and 3 additional generous sized bedrooms with over sized closets and storage galore!

This beautifully landscaped 1+ acre backyard offers a screened-in heated pool with spa, updated pool deck, and backyard with endless possibilities.

Included with sale is 15k generator with independent transfer switch. 2 car garage with storage closet, security system and enhanced hurricane protection. Room enough for big family or room to grow! Only minutes away from A+ rated schools, beach, shopping, dining, fishing yet tucked nicely into Pinecrest Lakes!

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Jensen Beach Florida Real Estate is presented by:

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 Pinecrest Lakes 5 BR Pool Home in Jensen Beach has Sold

Jamestown Townhome in Heritage Ridge

Jamestown Townhome in Heritage Ridge Just Listed

7305 SE Concord Place in Heritage Ridge, Hobe Sound, Florida

Wonderful opportunity to move right into a furnished Jamestown at Heritage Ridge in Hobe Sound, Florida. A wonderful community that has a Fazio designed 18 hole golf course that is not mandatory to join. This spacious 2 bedroom two bathroom town home has an open kitchen with dining area and breakfast bar. Take advantage of the convenient community pool and tennis courts in this exceptionally clean and well maintained and landscaped community. Conveniently located close to the beaches as well as shopping. All ages are welcome. One small pet allowed, under 20lbs. This home is ready for immediate occupancy, just move right in.

Search for all Heritage Ridge Real Estate inHobe Sound

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Hobe Sound Florida Real Estate presented by:
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Jamestown Townhome in Heritage Ridge Just Listed

Palm Cove Golf and Yacht Club Home Just Sold

Palm Cove Golf and Yacht Club Home Just Sold

735 SW Pebble Lane just sole for $325,000.  A great short sale purchase for the happy new owners!

Absolutely beautiful Sevia model on premium corner lot in the fairways. 2 bedroom  2 bath plus office/possible 3rd bdrm. Formal living, formal dining, spacious family room, custom gourmet kitchen with wood cabinetry, granite counter tops, tumbled marble backsplash. Crown molding, custom plantation shutters, marble flooring in all living areas, and heated pool in a very private setting with preserve and partial lake view. Palm cove is a non-equity golf and yachting community. Hoa fees includes social membership, security gate, riverfront clubhouse, fitness center, alarm monitoring, landscaping and cable.

Palm Cove, located in Martin County, Florida is one of the premier developments in the area.  Boasting a championship Chi Chi Rodriguez Golf Course and a 93 slip marina, capable of handling boats up to 50′, this is one of the few residential areas that support both golf and boating activities.

This 24 hour gated community also features a magnificent new clubhouse with dining facilities and a fitness room.  Tennis courts are also provided. 

Palm Cove probably has something for everyone.  From spacious waterfront estate homes to  Fairway homes, to town homes and even a limited number of large spacious condos with golf views.

Search for all Palm Cove Golf and Yacht Club Homes for Sale

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Stuart Florida Real Estate presented by:
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Palm Cove Golf and Yacht Club Home Just Sold

Price Reduced on Rocky Point Condo with 40 Foot Deeded Boat Dock

Price Reduced on Rocky Point Condo with 40 Foot Deeded Boat Dock

Port Manatee Condo in Rocky Point

Now reduced to $199,000

Port Manatee Condos in Rocky Point FL
Port Manatee Condos in Rocky Point FL

Looking for a full time home or just a getaway? Are you a boater or fisherman? This is the perfect place for you. Spacious first floor, 2 BR, 2 BA condo in the Manatee Pocket with a deeded 40′ dock (water and electric). Only minutes to the crystal clea r waters of the Atlantic Ocean to fish, or to take a quick trip over to the Bahamas. This condo features reasonable fees, spacious grounds with a large community pool overlooking ‘the pocket’, and a free laundry room. Freshly painted and brand new carpe ts. Light and bright Florida room with water views. One small pet (under 25 lbs.) allowed. Great location, only minutes to the beaches, shopping restaurants and all the amenities that Martin County has to offer. Call for more information.

Port Manatee Condos in Rocky Point FL

More Information and Pictures for this Rocky Point Condo with Deeded Dock

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Price Reduced on Rocky Point Condo with 40 Foot Deeded Boat Dock

This Spacious Willoughby Golf Club Pool Home has Sold

This Spacious Willoughby Golf Club Pool Home has Sold

Please welcome the happy new owners of 3481 SE Doubleton Drive in the Willoughby Golf Club.

This Spacious Willoughby Golf Club Pool Home is Pending. It is an impeccably maintained, beautiful, and very spacious golf course home featuring 3 BR, 4 BA (plus cabana bath) with 2.5 car garage, with a screened heated pool and spa. Bright open spaces, high ceilings, an included entertainment system, custom built ins, wet bar, summer kitchen (grill included), office, electric hurricane shutters, immense storage and much, much more. Large lanai with ample room for casual or formal outdoor entertainment. Granite counters, updated appliances and a dual control wine cooler. There’s a one time $15,000 capitol contribution required for all new owners. Golf membership is not mandatory, social and tennis membership included in the HOA fees. Priced well below replacement cost and ready for immediate occupancy. Amazing value at $599,000

The Willoughby Golf Club consists of both estate and neighborhood homes totaling 375 single family residences on 403 acres. Willoughby Golf Club’s lifestyle offers a beautiful golf course, tennis courts, lap-lane pool and fitness center. Its spacious and newly refurbished clubhouse has several dining venues, hosts many charitable events and offers a variety of indoor and outdoor activities and 24 hour security. All this combined with a community of energetic caring members that has made Willoughby “one of the best places to live in Florida” according to Links Magazine.

Search the MLS for Willoughby Golf Club Homes for Sale

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Stuart Florida Real Estate presented by:
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This Spacious Willoughby Golf Club Pool Home has Sold

Island Dunes Condos on Hutchinson Island

Island Dunes Condos on Hutchinson Island

Located on the unspoiled Barrier Island of Hutchinson Island in Jensen Beach, Florida in Saint Lucie County is a complex of five separate condominium buildings with a common thread.  All of these units belong to the Island Dunes Country Club.  This unique arrangement offers golf, tennis and a deep water marina, just steps from your condo without having to travel to the mainland.

The five buildings from North to South are the Island Dunes Oceanside I & II, the Admiral, the Regency Island Dunes and the Regency Island Dunes Two.  All of these buildings are Oceanside affording easy access to the crystal clear blue waters of the Atlantic Ocean.  There’s a wide variety of condos available ranging from 1 Bedroom to spectacular 3 Bedroom Penthouse suites.

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

 Search for all Island Dunes Condos on Hutchinson Island in Stuart Florida

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Hutchinson Island Florida Real Estate is presented by:
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Island Dunes Condos on Hutchinson Island

Martin County Florida Condo Market Report for February 2012

Martin County Florida Condo Market Report for February 2012

Commentary:

Much like the residential segment of the Martin County real estate market, the Martin County Florida Condo Market Report for February 2012 showed modest increases for February of 2012. Sales for February were a respectable 57 units, up by 3 from February of 2011 (54 units) and also up from January which had 37 sales. On a negative note, the median sales price took a dive to $85,000.  This is most likely a reflection of the mix of condos that sold in February as opposed to a big drop in values.  More of the lower priced mainland condos were the ones that drove down the median price.

The inventory continues to decline and is now down to 640 condos, which is down from 664 units last month and from 772 condos in February of 2011.  This is the lowest inventory since November of 2005 which was prior to the ‘bubble’.  A decreased inventory will trigger an increase in demand as the supply of existing units just isn’t available increasing the urgency for buyers.

The one month absorption rate is now at 11.23 months, while the three month average is at 13.54 months.  Considerably better than the 14.3 and 15.51 months of February 2011. We still need to see the absorption rate below 9 months for a healthy market and down to 6 or 7 months to be considered a balanced one.

The big uncertainty that remains is the economy. We believe that if we have any sustained good news, we will see a pretty good rush on the market which will be a nice change from the present. For the longer term, even though we have the best mortgage rates in history at the moment, inflation is making news and this is not good for rates down the line. The Fed is working hard to keep rates down, but for how long, we’re just not to sure.

Our outlook for Martin County is fairly positive as for buyers, prices and rates remain very attractive. For sellers, it doesn’t look like we’re going to see any significant improvements soon, so if you need to sell, you may be better off now than possibly in the near future.

Click on the individual charts to see charts in expanded mode.

Martin County Florida Condo Market Report for February 2012

the Gabe Sanders real estate team

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

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Martin County Florida Residential Market Report for February 2012

Martin County Florida Residential Market Report for February 2012

Commentary:

The Martin County Florida residential market report for February 2012 showed excellent results. The sales volume of 116 homes was the exact same as last year and up by 18 homes from January (98). The one month absorption rate was down to 11.85 months while the three month moving average is at 11.31 months. Activity remains high and I expect some fairly respectable numbers for the coming months.

Both average and median sales prices were up from January.  In fact, average sales prices have risen for the last two months.  Along with this trend, listing prices are also inching up, and have been rising for the past six months.  The inventory declined to 1375 residential units.  This is the lowest value since October of 2005, before the ‘bubble’.  The reduction of inventory is what is exerting strong pressure on possible price increases.  While a continuing trickle of distressed properties (short sales and foreclosures) are counteracting the upward price pressure.

Our outlook for Martin County remains optimistic as prices and rates remain at historic low levels. For sellers, homes are selling, and if priced and presented optimally, they are going quickly. Buyers are seeing historically low interest rates and very affordable quality homes in almost all price ranges.

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

Click on the individual charts to see charts in expanded mode.

Residential Market Report for February 2012 in Martin County, Florida

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, visit our website or call us at (772) 888-2885.
Our market reports are here!

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

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

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

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

There are currently 32 active condo listings. (Unchanged from last January)

4 Condo sales are pending and awaiting close or lender approval. (Up 1 from January)

  1 Condo Sale closed in February (Down 4 from January)

The Hobe Sound condo market (Zip Code 33455) is a tiny segment of both Hobe Sound real estate as well as the smallest condo market on the Treasure Coast. February showed very little change from previous months, with only 1 sale closed. With such a low inventory, I don’t expect to see any great movement in this segment of the Treasure Coast Florida condo market. Last February’s numbers were 48 active listings, 12 pending sales and 3 closed sales.

Search here for Hobe Sound Florida Real Estate for Sale ( Condos)
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Hobe Sound Florida Real Estate presented by:
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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, February 2012