The Reef in Rocky Point June 2019 Market Report

The Reef in Rocky Point June 2019 Market Report

For June 2019 there is 1 home available to purchase in the Reef in the Rocky Point neighborhood of Stuart FL.  This home is listed for $2,100,000 or $459.52 per sq. ft. of living area.

There are no homes currently under contract in the Reef.

In the past 12 months, 3 homes have sold in the reef.  These homes sold for prices ranging from $351,000 up to $530,000. This works out to an average sales price of $455,333 which equals $188.90 per sq. ft. of living area.  These homes sold for an average of 102% of list price and were on the market for an average of 149 days before going under contract.

About The Reef in Rocky Point:

The Reef in Rocky Point in Stuart FL

The Reef is one of the few newer gated communities in the Rocky Point area of Stuart FL.  This is an exclusive subdivision with 52 home sites, 11 of which are larger waterfront estates.  This desirable community is well located just a short boat ride away from the Atlantic Ocean through the Saint Lucie Inlet.

The Reef in Rocky Point

Homes in the Reef were built from 1994 to 2007.  There are still some vacant lots that have yet to be built on including one waterfront parcel.  Home sizes range from 3 bedroom, 2 bathroom homes with just under 2,000 sq. ft. of living area all the way up to 5 bedroom, 4 bath waterfront homes with over 6,000 sq. ft. of living space on over an acre lots.

The Reef in Rocky Point The Reef in Rocky Point

The Reef is in the Martin County School District and children attend the Port Salerno Elementary school, Murray Middle School and South Fork High School.

The Reef in Rocky Point The Reef in Rocky Point

Rocky Point was originally a fishing village and many fishermen remain in the area.  It is surrounded by the Intracoastal on the east side and the Manatee Pocket on the North and South sides.  Easy access to many marinas, great seafood restaurants as well as the great lifestyle of Martin County FL.

Click here to search for homes for sale in the Reef of Rocky Point

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The Reef in Rocky Point June 2019 Market Report

Palm City FL 34990 Residential Market Report May 2019

Palm City FL 34990 Residential Market Report May 2019

 Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for May 2019

For May 2019 in the 34990 Zip Code area of Palm City Florida :

 There are currently 400 active listings (Up by 11 homes from April)

Palm City FL 34990 Residential Market Report May 2019

132 Residential sales are pending (Down by 34 homes from last month)

Palm City FL 34990 Residential Market Report May 2019

110 Homes Sold in September (Up by 32 homes from April)

Palm City FL 34990 Residential Market Report May 2019

The Palm City FL, zip code 34990 residential real estate market had a very good month for closed sales.  Unfortunately, pending sales were off for this month and the inventory continues to grow.  Palm City remains a very active market.
The monthly absorption rate rose to 3.6 months from 5.0 months in April.  Dropping to even a more extreme seller’s market for the Palm City zip code 34990 area.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The May 2018 numbers were:  340 active listings, 176 pending sales, and 106 closed sales.  All in all, considerably better activity last year with a reduced number of homes available to purchase.

Palm City FL 34990 Residential Market Report May 2019

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Search here for homes for sale in the 34990 zip code area of Palm City FL

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Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Palm City FL 34990 Residential Market Report May 2019

Woodmill Pond Townhomes in Stuart FL June 2019 Market Report

Woodmill Pond Townhomes in Stuart FL June 2019 Market Report

For 2019, there are no homes available to purchase in the Woodmill Pond community of Stuart FL.

There are also no homes currently under contract.

In the past 12 months, 6 townhomes have sold in Woodmill Pond.  Sales prices ranged from $237,000 up to $267,500.  This equals an average sales price of $253,233 which is $114.77 per sq. ft. of living area.  These homes averaged 44 days on the market before going under contract and sold for an average of 98% of list price.

About Woodmill Pond Townhomes in Stuart FL:

Woodmill Pond Townhomes in Stuart FL

Very conveniently located just off US Highway 1 (Federal Highway) in the southern part of Stuart FL is this townhome development of 50 units, which was built in 2007 and in 2010.  While these are two level townhomes with 2 car garages the complex is deeded as condos, meaning the exterior maintenance, common areas, insurance are all included in the association fees.  With these homes come newer construction and all the latest codes are in compliance with most homes having hurricane impact glass making hurricane shutters, not a requirement. As of this writing (June 2019), these fees were $374 per month.  These fees cover Common Areas, Insurance-Bldg, Lawn Care, Maintenance Exterior, Manager, Recreational Facilities, Reserve Funds, Water, and Sewer.

Woodmill Pond Townhomes in Stuart FL

All homes in Woodmill Pond are 3 bedrooms with 2 and ½ bathrooms.  The ones built in 2007 have 2,076 sq. ft. of living area (under air conditioned space) while those built in 2010 are larger with 2,299 sq. ft.  There’s a clubhouse and a heated community swimming pool.  Up to two pets are allowed per unit and rentals are also permitted with some restrictions.

Children living in Woodmill Pond attend Seawind Elementary, Murray Middle, and South Fork High schools.

Woodmill Pond Townhomes in Stuart FL Woodmill Pond Townhomes in Stuart FL

Very close to a number of golf courses as well as just minutes to historic downtown Stuart to the north and the Town of Jupiter to the south.  Also close to shopping, restaurants, beaches, boating facilities and medical services.

Search here for Woodmill Pond townhomes in Stuart FL

Woodmill Pond Townhomes in Stuart FL June 2019 Market Report

Stuart FL 34997 Condo Market Report May 2019

Stuart FL 34997 Condo Market Report May 2019

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for May 2019

For May 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 52 active condo listings (Down by 6 condos from April).

Stuart FL 34997 Condo Market Report May 2019

33 Condo sales are pending and awaiting close (Up by 3 condos from April).

Stuart FL 34997 Condo Market Report May 2019

19 Condos Sold in May (Up by 1 condo from April).

Stuart FL 34997 Condo Market Report May 2019

      The Stuart FL condo market for zip code 34997 continues to show very strong sales activity compared to the previous months as well as last year.

     The absorption rate dropped to 2.7 months in May compared to 3.2 months for April.  Continuing as an even stronger seller’s market for condos in the 34997 zip code of Stuart FL.  A 6 to 7-month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
 The May 2018 numbers were: 50 active listings, 26 pending sales, and 17 closed sales.  Continuing stronger sales volume year to year in this segment of the Stuart condo real estate market.

Stuart FL 34997 Condo Market Report May 2019

Stuart Florida Real Estate presented by:
Gabe Sanders

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Stuart FL 34997 Condo Market Report May 2019

River Watch on Hutchinson Island June 2019 Market Report

River Watch on Hutchinson Island June 2019 Market Report

In June 2019, there are 2 homes for sale in the River Watch community of Hutchinson Island in Jensen Beach FL.  The list prices of these homes are $489,000 and $550,000.  This is an average list price of $519,500 which works out to $332.35 per sq. ft. of living area.

There aren’t any homes currently under contract.

In the past 12 months, only 1 River Watch home has sold.  The sales price was $285,000 which equals $205.04 per sq. ft. of living area.  This home was on the market for 151 days before going under contract and sold for 98% of list price.

About River Watch on Hutchinson Island:

River Watch on Hutchinson Island

Located only a short distance north of the Jensen Beach Causeway and just across the Saint Lucie County line, there is a wonderful small community by the name of River Watch.  These are single family homes ranging from a modest 2 bedroom and 2 bathroom residence with around 1,400 sq. ft. of living area plus a garage up to a spacious 4 bedroom, 3 bathroom with 3,400 sq. ft. of living area and your very own private dock and access to the Intracoastal Waterway which is also known as the Indian River.  There are 30 homes in this community which is adjacent to the Windmill Village community and shares the Aqua Ra Road which accesses both subdivisions from A-1-A.

River Watch on Hutchinson Island

Most of these homes are waterfront with access to the Intracoastal Waterway, but suitable mostly for shallower draft vessels and the unusual stipulation that they access the river without the use of gas motors, so only human or electric power for that initial stretch of water.

River Watch on Hutchinson Island River Watch on Hutchinson Island

River Watch residents also have easy access to the beautiful beaches on Hutchinson Island by simply walking across the street to their private beach or a short ride to many of the public access beaches available in both Saint Lucie and Martin County beaches.

This is a non-gated community with a very reasonable $220 a month HOA fee which includes your landscaping as well as basic cable TV (as of June 2019).

River Watch on Hutchinson Island River Watch on Hutchinson Island

This excellent location makes it easy to go grocery shopping, boating, spend days on the beach, restaurants and to enjoy all the wonderful amenities offered on the Treasure Coast of Florida.

Click here to see if any homes are available to purchase in River Watch on Hutchinson Island

River Watch on Hutchinson Island June 2019 Market Report