Florida Townhouses and Condos September 2019 Market Report

Florida Townhouses and Condos September 2019 Market Report

For September 2019, Florida Townhouses and Condos had mixed sales results when compared to last September.  Closed sales were up by 6.1% as compared to last month’s decrease of 2.9%.  New sales under contract (new pending sales) decreased by 0.4% (In August there was a 1.4% decrease).

Prices, though, were up for September.  The median sales price was up by 5.8% (was up by 2.7% in August), while the average sales price increased by 1.3% (was up 3.1% in August).

The inventory of active listings decreased by 0.6% from September of last year.  We now have 5.3 months of inventory which is the same as the 5.3 months for September 2018.  Remaining in a seller’s market for Florida townhouse and condo sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos September 2019 Market Report

Click on the link below or the graphic to see the full market Report report from Florida Realtors:

Click here to view or download the full report.

View previous Florida townhouses and condo market reports by clicking this link.

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

Florida Townhouses and Condos September 2019 Market Report

Gabe’s November 2019 House Calls Real Estate Newsletter

Gabe’s November 2019 House Calls Real Estate Newsletter

Click on the image below to view or download Gabe’s November 2019 House Calls Real Estate Newsletter:

Gabe's November 2019 House Calls Real Estate Newsletter

Click here to download the full interactive PDF of our November 2019 House Calls Newsletter

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Gabe’s November 2019 House Calls Real Estate Newsletter

Florida Single Family Homes September 2019 Market Report

Florida Single Family Homes September 2019 Market Report

The Florida Single Family Home sales showed improved activity from the same period last year.  The closed sales were up by 11.5% (were up by 3.2% in August) and new sales under contract (new pending sales) were up by 4.5% (were up by 1.3% in August).

Prices were also up for September.  The median sales price rose by 5.3% (it was up by 4.2% in August) and the average sales price was up by 4.9% (it was up by 3.2% last month).

The inventory of available homes for sale decreased by 5.7% from last year.  This is a 3.6 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (September 2018 also had a 3.6 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.  Inventory continues to decrease which is putting pressure on rising prices and lower sales volume.

Florida Single Family Homes September 2019 Market Report

Click here to view or download the full report:
Florida Single Family Homes September 2019 Market Report

Click here to view the previous Florida single-family homes market reports.

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

Hobe Sound FL 33455 Condo Market Report September 2019

Hobe Sound FL 33455 Condo Market Report September 2019

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for September 2019

For September 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 10 active condo listings. (Up by 1 condo from August)

Hobe Sound FL 33455 Condo Market Report September 2019

3 Condos are pending and awaiting close. (Down by 3 condos from August)

Hobe Sound FL 33455 Condo Market Report September 2019

5 Condos sold in September. (Unchanged from August)

Hobe Sound FL 33455 Condo Market Report September 2019

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  As a result, it is difficult to track such small numbers though this market remains quite active.

The absorption rate for Hobe Sound condos was 2.0 months for September (it was 1.8 months for August).  Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes in percentages that do not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The September 2018 numbers were: 7 active listings, 1 pending sales, and 3 closed sales.  It’s difficult to make meaningful comparisons with last year when there’s such a small sampling of condos in Hobe Sound.   While, there was some increased activity this year.

Hobe Sound FL 33455 Condo Market Report September 2019

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Click here to view previous Hobe Sound FL 33455 Condo Market Report

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

Hobe Sound FL 33455 Condo Market Report September 2019

Fairwinds Cove October 2019 Market Update

Fairwinds Cove October 2019 Market Update

There are currently 3 condos for sale in Fairwinds Cove on Hutchinson Island in Jensen Beach Florida. These condos were listed from $239,000 up to $579,000.  This is an average list price of $362,663 or $218.93 per square foot of living area.  (These numbers may be a little misleading as the more expensive condo is a combined double unit.)

There are no condos currently under contract.

In the past 12 months, 4 Fairwinds Cove condo have sold.  Sales prices ranged from $224,000 up to $292,500.  This works out to an average sales price of $263,625 which equals $229.08 per square foot of living area.  These condos sold for an average of  94% of list price and were on the market for an average of 122 days before going under contract.

Click here for previous Fairwinds Cove market reports.

About Fairwinds Cove in Jensen Beach FL:

Fairwinds Cove in Jensen Beach

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).
Fairwinds Cove Condos in Jensen Beach

The pool at Fairwinds Cove

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.

Fairwinds Cove in Jensen Beach Fairwinds Cove in Jensen Beach

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.

Fairwinds Cove Condos in Jensen Beach

Fitness Room of Fairwinds Cove

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Fairwinds Cove October 2019 Market Update