Sailfish (Rigels) Cove December 2018 Market Report

Sailfish (Rigels) Cove December 2018 Market Report

There are no homes currently available for sale in Sailfish (Rigels) Cove.

There are also no homes under contract at this time.

There have been 2 sales in the past 12 months in Sailfish (Rigels) Cove on Hutchinson Island.   Sales prices were $978,440 and $1,100,000.  This is an average sales price of $1,039,220 or $333.65 per sq. ft. of living area.  Sales averaged 85% of list price and were on the market for an average of 255 days prior to going under contract.

Sailfish (Rigels) Cove on Hutchinson Island

Sailfish Cove real estate

Sailfish (Rigels) Cove is located on Hutchinson Island in Jensen Beach FL. It is also known as Rigels Cove as the name was changed to Sailfish Cove just a little over a year ago. Just a little under a mile to the south of the Jensen Beach Causeway on the shores of the Intracoastal Waterway (also known as the Indian River).

Sailfish Cove real estate

Sailfish (Rigels) Cove was first developed in 1993 and only 11 homes make up this small subdivision with all homes having ocean access waterfront docks. Home sizes range from just under 3,000 sq. ft. of living area up to almost 5,000 sq. ft.   HOA fees are approximately $326 a month. These fees include lawn and landscaping, maintenance of the common areas and the gate.

Sailfish Cove real estate

Residents of Sailfish (Rigels) Cove enjoy being in the ‘A’ rated Martin County School System and are just a few minutes from both downtown Jensen Beach as well as historic downtown Stuart FL. Lots of great shopping and amenities close by as well.

Sailfish Cove real estate

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Sailfish (Rigels) Cove December 2018 Market Report

Stuart Florida 34994 Residential Market Report November 2018

Stuart Florida 34994 Residential Market Report November 2018

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for November 2018

For October 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 76 active listings (Down by 9 homes from October)

Stuart Florida 34994 Residential Market Report November 2018

22 Residential sales are pending and awaiting close or lender approval (Increased by 4 homes from last month).

Stuart Florida 34994 Residential Market Report November 2018

5 Homes Sold in May (Decreased by 10 homes from October)

Stuart Florida 34994 Residential Market Report November 2018

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a dip in inventory and a large drop in sales.  Pending sales rose, just slightly.

The one-month absorption rate for the 34994 zip code for November jumped up to 15.2 months from 5.7 months for October.  Transitioning into a buyer’s market for the 34994 zip code area of Stuart, FL.  First time in quite a while for this area to be in a buyer’s market.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The November 2017 numbers were 81 Active Listings, 28 pending sales, and 13 closed sales.  There was better all-around activity last year.

Stuart Florida 34994 Residential Market Report November 2018

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Stuart Florida 34994 Residential Real Estate Market Report November 2018

Harbour Ridge December 2018 Market Report

Harbour Ridge December 2018 Market Report

Homes:

There are currently 50 homes available for sale in Harbour Ridge.  Listi prices range from $39,900 up to $835,000 for an average list price of $296,568 which equates to $121.95 per sq. ft. of living area.

There are 3 homes under contract which have not closed to date.  List prices were from $119,700 up to $975,000 for an average list price of $404,800 or $131.89 per sq. ft. of living area.  These homes averaged 57 days on the market prior to going under contract.

In the past 12 months, 70 homes have sold.  Sales prices ranged from $100 up to $2,200,000 for an average sales price of $349,050 or $116.21 per sq. ft.  These sales averaged 87% of the last list price and were on the market for an average of 149 days prior to going under contract.

Condos:

There are 76 condos for sale in Harbour Ridge. List prices range from $0.00 up to $649,000 for an average list price of $183,591 or $183,591 per sq. ft. of living area.

There are no condos currently under contract in Harbour Ridge.

32 condos have sold in the past 12 months with sales prices from $1,000 up to $545,000.  This equals an average sales price of $128,125 which equals $54.81 per sq. ft.  These condos sold for an average of 68% of the final list price and took an average of 265 days on market before accepting an offer.

Harbour Ridge in Palm City

About Harbour Ridge in Palm City FL:

Harbour Ridge is a yacht and country club located right next to the St. Lucie River.  Technically located in Saint Lucie County, but Harbour Ridge residents have a Palm City zip code and children attend the ‘A’ rated Martin County School district as it’s location is much closer to Martin County.

Harbour Ridge in Palm City Harbour Ridge in Palm City

This magnificent golf and yachting community offers a wide and varied range of recreational activities for residents only such as; two championship golf courses, tennis programs, a gym center, yacht club with a private marina, and a gorgeous dog park! Harbour Ridge includes many varied types of residences from, a low density community that allows each home to have plenty of green space and a minimum of 1.25 acres to wonderful condos overlooking the wide Saint Lucie River.  There is a newly built magnificent club house that is sought after for rentals throughout the community.

Harbour Ridge in Palm City Harbour Ridge in Palm City

This is an equity membership association.  Equity Membership means you are a part owner of the community. There are 695 members…your $68,000 Equity gives you 1/695th ownership. When you sell your property and leave the community, it is refunded to you along with the $600 Property Owners’ Association Equity also due at closing.

Annual Fees include Club (Golf/Tennis/Fitness Center) membership, Property Owners’ Association Fees (for common areas) HOA Fees (for the village where your property is located) and Capital Funds Reserve Fees (a fund set up for maintenance & improvements to avoid assessments.)

Condo Building Insurance is included in Condo HOA Fees along with landscaping, roof maintenance, & painting of the outside of the building every 7-8 years.

EVERYONE, whether in a 2 BR condo without covered parking or a multi-million dollar custom home pays $24,989.56. Add to that the HOA Fee for the village where the property is located.

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Harbour Ridge December 2018 Market Report

Gabe’s December 2018 Housing Trends eNewsletter

Housingtrends eNewsletter 4

Gabe’s December 2018 Housing Trends eNewsletter

Welcome to our current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.

Please click on this link to view Gabe’s December 2018 Housing Trends eNewsletter.

The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau, Realtor.org reports and other sources.

Housing Trends eNewsletter is filled with local and national real estate sales and price activity provided by MLSs and the National Association of Realtors, U.S. Census Bureau key market indicators, consumer videos, blogs, real estate glossary, mortgage rates and calculators, consumer articles, and REALTOR.com local community reports.

If you are interested in determining the value of your home, click the “Home Evaluator” link for a free evaluation report:

http://martincountyflorida.housingtrendsenewsletter.com/dispContent.cfm?loadid=2&loadtype=0

Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you. Thank you for the opportunity to provide you with this monthly eNewsletter, and I look forward to answering any questions you December have and to the opportunity to be your REALTOR® in the future.

 Gabe’s December 2018 Housing Trends eNewsletter

Gabe’s December 2018 Housing Trends eNewsletter

Sewalls Point Single Family Market Report November 2018

Sewalls Point Single Family Market Report November 2018

Sewalls Point Real Estate Snapshot, Residential Sales for November 2018

 

There are currently 68 active listings (Up by 11 homes from last month)

Sewalls Point Single Family Market Report November 2018

9 home sales are pending and awaiting close or lender approval (Up by 3 homes from October)

Sewalls Point Single Family Market Report November 2018

2 Homes sold in November (Decreased by 5 homes sales from October)

Sewalls Point Single Family Market Report November 2018

The single-family real estate market in Sewalls Point has continued to increase the number of homes for sale  (inventory).  And sales were down for the month, though pending sales improved.

The absorption rate jumped to 34 months, in October it was 8.1 months.  An extreme buyers market for Sewalls Point.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to November 2017, the inventory was 47 homes on the market, 9 pending sales and there were 10 closed sales.  Much stronger activity on a smaller inventory of available homes last year.

Sewalls Point Single Family Market Report November 2018

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Sewalls Point Single Family Market Report November 2018