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

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

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

There are currently 407 active listings (A decrease of 21 homes from March).

245 Residential sales are pending and awaiting close or lender approval (A decrease of 18 homes from March).

67 Homes Sold in March (Up 6 homes from March)

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 another drop again in April while pending sales also dropped slightly and closed sales were up to 67 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 significantly in the past three months, representing over a 30% drop in active listings!
Compared to April of 2011, when there were 560 active listings, 195 pending sales and 55 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 Market Report ZIP Code 34997 – Residential, April 2012

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

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

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

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

There are currently 191 active condo listings (Down 8 from last month).

52 Condo sales are pending and awaiting close or lender approval (A decrease of 6 condos from March).

26 Condos Sold in April (An increase of 3 condos from March)

The inventory continues to decline in the Stuart condo market for the area in ZIP code 34996. Sales activity increased slightly with 3 more sales as compared March and pending sales were down slightly, but still high. 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 55+ community condos on the mainland selling last month.

Compared to last year in April of 2011, the numbers were 222 active listings, 35 pending sales and 15 closed sales.  Much better numbers this year, especially since the inventory is considerably less.  If this trend continues, it will not be long before we start seeing some gradual price increases in the 34996 Condo market in Stuart, Florida.

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

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

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

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

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

There are currently 165 active listings (Unchanged from March).

47 Residential sales are pending and awaiting close or lender approval (Up 11 from March).

8 Homes Sold in April (Down 14 from March).

The 34996 zip code area of Stuart Florida showed weak sales activity in April as compared to March. Pending sales, however, were up sharply and should reflect an increased number of closed sales in the near future while the inventory remained unchanged in a continued positive trend for this section of the residential single family market in Stuart, Florida.

Comparing the numbers to April of 2011, there were 189 active listings, 27 pending sales and 11 closed sales. This April’s activity is considerably better than last year with the exception of a drop in closed sales.  There appears to be a good future trend for the 34996 section of the Stuart, Florida real estate market.

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

Rocky Point Condo with 40 Foot Deeded Boat Dock Price Reduced

Rocky Point Condo with 40 Foot Deeded Boat Dock Price Reduced

Port Manatee Condo in Rocky Point is now offered at $189,000

 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 clear 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 carpets. 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.

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Rocky Point Condo with 40 Foot Deeded Boat Dock Price Reduced

The Soundings Yacht and Tennis Club in Hobe Sound

The Soundings Yacht and Tennis Club in Hobe Sound, Florida

Conveniently located only minutes from beautiful Jupiter Island Beach, the Soundings Yacht and Tennis Club in Hobe Sound, Florida is an active planned community bordering both sides of Gomez Avenue in Hobe Sound.  There are a total of 153 home sites in the Soundings with only 2 vacant lots unbuilt at last count.

On the East side of Gomez, the Soundings homes are mostly waterfront with deep water docks accessing the Intracoastal waterway.  A small marina with additional docks deeded to a few select homes that do not have waterfront locations.  In addition, there is a boat ramp as well as trailer storage for those wishing to keep their boats in dry storage.  In addition, there’s a large community pool, tennis courts and an active fully equipped clubhouse.

Homes in the Soundings Yacht and Tennis Club range from spacious estate homes with Intracoastal views to smaller cottages that are perfect for the occasional seasonal resident or those not requiring large homes but want easy access to the water.

More information about the Soundings Yacht and Tennis Club can be found on their community web site.

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The Soundings Yacht and Tennis Club in Hobe Sound, Florida

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

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

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

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

There are currently 147 active condo listings (Up by 4 condos from March).

43 Condo sales are pending and awaiting close or lender approval. (Down 1 from last month)

15 Condos Sold in April (Unchanged from March).

The Stuart Condo market for zip code 34994 showed little change in April with very similar numbers from the previous two months.  We’ve also had the first uptick in inventory in a few months as some sellers may feel the time is right to put their condo on the market.

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

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

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

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

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

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

There are currently 79 active listings (Down 5 from March).

40 Residential sales are pending and awaiting close or lender approval (Down 1 from March).

5 Homes Sold in April (Down 2 homes from March)

The 34994 ZIP code area of the Stuart, Florida real estate market remained largely unchanged from march.  With a continuing decrease in inventory, finding good quality homes is becoming more of a challenge for any ready willing and able buyers.

Last April at this time, there were 88 active listings, 28 pending sales and 8 closed sales.  Slightly off from last years numbers.

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

Sewalls Point Market Report – Residential, April 2012

Sewalls Point Market Report – Residential, April 2012

Sewalls Point Real Estate Snapshot, Residential Sales for April 2012

There are currently 63 active listings (an increase of 2 homes for sale from March)

19 Residential sales are pending and awaiting close or lender approval (An increase of 5 from March)

2 Homes sold in March (Down 1 from March)

The market remains slow for the Sewalls Point real estate area of Martin County, Florida.  The one bright note is a fairly large increase in pending sales.  This will hopefully translate into some healthier numbers of closed sales in the near future.  Both closed sales and inventory remain basically unchanged from last month.

Comparing the results to April of 2011, the inventory is basically unchanged as there were 60 homes on the market last year, pending sales were 12, and 5 homes sold. Closed sales were higher last year.  We should see closed sales for the near future catch up with last years figures as the higher number of this years pending sales close.

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Sewalls Point Market Report – Residential, April 2012

Custom Palm Cove Golf and Yacht Club Pool Home with New Price

Custom Palm Cove Golf and Yacht Club Pool Home with New Price

Spacious and Private custom Pool Home with Lake and Golf Course views, now $695,000!
More information and pictures for 93 SW Palm Cove Drive

This Custom Palm Cove Golf and Yacht Club Pool Home with New Price is located on one of Palm Cove’s premier lots, this beautiful McNamara custom built home shows attention to quality and detail throughout. Expansive lake, preserve and golf course views, adjoining Custom crafted wood doors open to elegant living room with coffered ceiling, crown molding. French doors to the covered lanai and gas heated pool. Formal dining room. The well designed gourmet kitchen has it all – top line appliances, coffee colored cabinets, granite counters, amazing venetian plaster walls, bar area with ice maker. Oversized pantry Private master suite with two walk-in closets, sitting area. Luxurious master bath. Two guest suites. Handsome office with built ins. Computer/craft room. Community offers golf, protected marina, clubhouse.

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Custom Palm Cove Golf and Yacht Club Pool Home with New Price

Open House in Newer Spacious Harbour Pointe Lakeside Home

Open House in Newer Spacious Harbour Pointe Lakeside Home

Join us on Sunday May 6 from 1 to 4 p.m. to see this exceptional Open House in Newer Spacious Harbour Pointe Lakeside Home!

Spacious master suite upstairs with a connecting junior suite that can be a nursery, office, or a 5th bedroom. Two additional bedrooms on 2’nd floor (one oversized – and possible to split in to 2 for a 6th BR). Utility room is conveniently located upstairs. Modern kitchen with breakfast bar and dining nook overlooking the screened lanai with hot tub (stays) all with serene lake views. 8′ doors throughout. Low HOA fees. Oversized garage can accommodate large vehicles or possibly a boat. Conveniently located close to schools, public boat ramps, shopping and turnpike.

ABOUT HARBOUR POINTE:

Harbour Pointe is located in gorgeous Palm City. This gated community features modern homes with open floor plans that have many of the amenities that home buyers have sought after with an ideal location that is the envy of many in Martin County! Residents enjoy preserve and lake views in spacious custom designed homes. Harbour Pointe is close to Palm City Elementary, Hidden Oaks Middle School and Martin County High School, which are among the ‘A’ rated schools of Martin County. Close to shopping, restaurants as well as the beaches of Martin County as well as Harbor Pointe’s proximity to i-95 and Florida’s Turnpike makes it a commuters dream!

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Open House in Newer Spacious Harbour Pointe Lakeside Home

Fairwinds Cove Condo on the Jensen Beach Causeway Sold in One Week

Fairwinds Cove Condo on the Jensen Beach Causeway
Sold in One Week

3442 NE Causeway Blvd. Suite 5-401

Please welcome the new owners of the Fairwinds Cove Condo on the Jensen Beach Causeway Sold in One Week!!

Wide Intracoastal views from almost every room of this 4’th floor (top floor) condo in Fairwinds Cove on the east side of the Jensen Beach Causeway.

Spacious 2 BR, 2 BA condo in an elevator building that welcomes all ages and a small pet. Furnishings are negotiable. Fairwinds cove has a fishing pier and private boat docks with some available for purchase at the time these remarks were written. Fully equipped clubhouse with fitness room, kitchen, billiard and a reading/computer room. 2 Pools, tennis courts, shuffleboard and walkways adjacent to the wide Intracoastal Water Way. Only a short walk or bike ride to the crystal blue waters of the Atlantic Ocean and just a few short minutes to downtown Jensen Beach. Great location! Great opportunity!

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Fairwinds Cove Condo on the Jensen Beach Causeway Sold in One Week

Four Rivers in Palm City Florida

Four Rivers in Palm City Florida

Waterfront Community in Palm City, Florida

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

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

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

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Four Rivers in Palm City Florida

Whispering Sound Villa in Palm City has Sold!

Whispering Sound Villa in Palm City has Sold!

This lovely Whispering Sound Villan in Palm City has Sold for $120,000.

Enjoy carefree living in this beautiful attached villa in the popular adult community of Whispering Sound. Tasteful, neutral decor. Spacious, open living room and dining room with vaulted ceilings,sky light. Florida room with sliding doors to the private, screened patio – perfect for outdoor dining. Large kitchen with skylight. Cozy breakfast area with window. Oversize kitchen pantry. Full size washer/driver in separate closet. Comfortable master bedroom with sitting area, two large walk- in closets. Ceramic tiled master bath with shower, linen closet. Bright guest bedroom.. Tiled guest bath. Bonus hall storage closet, linen closet. Attached garage. New AC. Accordion hurricane shutters. Social, active community with heated pool, clubhouse, activities.

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Whispering Sound Villa in Palm City has Sold!

Martin County Florida Condo Market Report for March 2012

Martin County Florida Condo Market Report for March 2012

Commentary:

Unlike the residential segment of the Martin County real estate market, the Martin County Florida Condo Market Report for March 2012 showed modest increases for March of 2012 rather than the explosive growth in the single family segment of the Martin County real estate market.  Sales for March were a respectable 64 units, 19 units less than March of 2011 (83 units)  but higher than February’s 57 units. On a positive note, the median sales price rose to $103,500 from an anemic $85,000 last month.

The inventory rose slightly to 651 condos, which is up from 640 units last month and down from the 721 condos that were on the market in March of 2011.  The one month absorption rate is now at 10.2 months, while the three month average is at 12.4 months.  It remains a challenging market for condos in Martin County. We 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.

Martin County Florida Condo Market Report for March 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.
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Martin County Florida Residential Market Report for March 2012

Martin County Florida Residential Market Report for March 2012

Commentary:

The Martin County Florida residential market report for March 2012 showed very strong results. The sales volume of 198 homes was 11 homes more than last year and up by 82 homes from January (116). The one month absorption rate was down to 6.5 months while the three month moving average is now at 9.9 months. The one month absorption rate is now indicating a balanced market and as some other markets are reporting around the nation, we are hovering on a possibility of once again being in a ‘seller’s markt’. Activity remains high and I expect some fairly respectable numbers for the coming months.

Both average and median sales prices were down slightly from February.  The first decline in the past two months.  This is more a reflection of the mix of homes selling for this month rather than an indication of lower values (More lower priced homes selling).  However the spectre of an increased number of distressed properties being released by the banks remains and should a large number of foreclosures come on the market, this will further depress prices at worst, keep the values relatively stable at best.

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.

Martin County Florida Residential Market Report for March 2012

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, March 2012

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

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

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

There are currently 38 active condo listings. (Up 6 from February)

7 Condo sales are pending and awaiting close or lender approval. (Up 3 from February)

  5 Condos sold in March (Up 4 from February)

The Hobe Sound condo market (Zip Code 33455) is a very small segment of both Hobe Sound real estate as well as the smallest condo market in Martin County. March showed some improvement from previous months, with an increase to 5 closed sales.  Inventory gre a little but 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 March’s numbers were 37 active listings, 9 pending sales and 5 closed sales. Almost identical to this year’s numbers.

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

Palm Cove Golf and Yacht Club Open House

Palm Cove Golf and Yacht Club Open House

Join us on April 29, from 1 to 4 P.M. for an Open House at  210 SW Hatteras Court

When only the best will do. A beautiful home in Palm Cove has it all.

Expansive 3400 sq ft floor plan. 3 bedrooms, 3 full baths. Private office. Gorgeous marble floors. Upgraded cabinets, granite countertops, and stainless appliances in the gourmet kitchen. Butler’s pantry w/wine refrigerator. Large family room with expansive windows and golf course view. Luxurious master suite with sitting area, two oversized walk-in closets, and plantation shutters. The Master bath has dual sinks, granite counts, a tub, a shower, linen closet. Entertaining is a breeze on the expansive lanai area with a summer kitchen and an expanded heated pool. Screened porch to catch the river breeze. Three-car garage. Community marina, (slips available), riverfront clubhouse, non-equity golf course

 

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

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

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

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

There are currently 323 active listings. ( A decrease of 19 homes from February)

104 Residential sales are pending and awaiting close or lender approval (An increase of 2 homes from February)

49 Homes Sold in March (An increase of 18 homes from last month)

The Hobe Sound real estate market (ZIP Code 33455) had a solid March 2012.  Inventory decreased again and closed sales were up significantly from a solid February.  Compared to last March, we had 434 active listings, 103 pending sales and 45 closed sales, we are very similar to last year’s figures, but all this with significantly less inventory.

The Hobe Sound real estate market (zip code 33455) is off to an excellent 2012, with solid market results.

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

the Florida Club

the Florida Club

in Stuart, Florida

Conveniently located at the gateway to Stuart, Florida in Martin County, the Florida Club is a DiVosta-built golf club community located off Kanner Highway and within minutes of I-95. This non-equity golf club community consists of 433 homes.  113 homes in the estate’s section of the Florida Club featuring larger lots and spacious estate-sized homes.  Many with both lake or golf course views and a few with both.  The remaining Florida Club homes feature either single-family or attached one-story villas, many also with golf course and/or lake views.  Residents of the Florida Club can enjoy daily golf or if they wish can forgo being a member and enjoy the benefits of living in a wonderful gated community without the expense of golf club membership.  Additionally, for those wishing to play only occasional (or just seasonal) golf, the Florida Club is open for non-members.

As of this writing, homes can be purchased in the Florida Club from the mid to high $100’s for villas to the upper $400’s for larger estate homes. Perfect for anyone who wants the convenience of easy access to I-95 with Palm Beach, Fort Lauderdale and Miami, just a quick trip to the south and Orlando to the north. Yet still only minutes to the wonderful Atlantic Beaches of both Stuart or Hobe Sound and Jupiter Island.

The Martin County location ensures low property taxes and ‘A’ rated school system. Enjoy the Florida sunshine and all that this friendly neighborhood has to offer.

For more information about golf at the Florida Club please visit their web site: Florida Club Web Site and watch their welcome video below:

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the Florida Club

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

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

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

For March 2012 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
(Due to technical difficulties the February Market Snapshot data was unavailable)

There are currently 68 active listings. (Unchanged from February)

26 Condo sales are pending and awaiting close or lender approval. (Up 5 condos from February)

8 Condo Sold (An increase of 6 condos from February)

The Jensen Beach Condo market (zip code 34957) for Martin County is a fairly small segment of the market.  It maintains a good active market however with a low inventory that was unchanged from February and fairly good pending data.  Closed sales were up by a good amount last month. 

Last March there were 63 active listings, 21 pending sales and 7 closed sales. Basically unchanged over the year.

 

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