Sewalls Point Single Family Market Report June 2019

Sewalls Point Single Family Market Report June 2019

Sewalls Point Real Estate Snapshot, Residential Sales for June 2019

There are currently 58 active listings (Up by 5 homes from last month)

Sewalls Point Single Family Market Report June 2019

12 home sales are pending and awaiting close or lender approval (Up by 2 homes from May)

Sewalls Point Single Family Market Report June 2019

7 Homes sold in May (Decreased by 6 homes from May)

Sewalls Point Single Family Market Report June 2019

The single-family real estate market in Sewalls Point had a nice increase in inventory as well as an increase in pending sales.  Closed sales, unfortunately, were off for this month.

The absorption rate jumped up to 8.3 months, in May it was 4.1 months.  Transitioning back into a buyer’s market for the Sewalls Point single family home market.  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 June 2018, the inventory was 46 homes on the market, 10 pending sales and there were 6 closed sales.  Slightly greater activity this year when compared to last year but there are more homes available for sale this year.

Sewalls Point Single Family Market Report June 2019

Currently available Sewalls Point homes for sale

Currently available Sewalls Point vacant land for sale

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

Sewalls Point Single Family Market Report June 2019

 

Portofino Condos at Jensen Beach July 2019 Market Report

Portofino Condos at Jensen Beach July 2019 Market Report

As of July 2019, there are 5 condos available for sale in Portofino. List prices range from $124,900 up to $183,500. This is an average list price of $161,560 or $159.13 per sq. ft. of living area.

There are 2 Portofino condos currently under contract.  The list prices were $172,500 and $189,900.  This works out to an average list price of $181,200 which equals $156.15 per sq. ft. of living area. These condos were on the market for an average of 79 days before going under contract.

In the past 12 months, 6 condos have sold in Portofino, with sales prices ranging from $112,000 up to $165,000. This equals an average sales price of $148,500 which works out to $141.13 per sq. ft. of living area. The average days on the market was 48 and the average list to sales price ratio was 97%.

About the Portofino Condos at Jensen Beach:

Portofino Condos at Jensen Beach

Portofino Condos at Jensen Beach July 2019 Market Report

Portofino of Jensen Beach is a gorgeous gated condo community that’s just great for families or singles. Portofino offers fantastic amenities such as a resort-style pool and hot tub, a state-of-the-art fitness center, and an indoor air-conditioned racquetball court along with outdoor tennis court. A business center is also available that delivers the conveniences of a home office, with computers, a copier, and a fax machine to keep you connected. A children’s playground is also available. This community is only 10 minutes from the beaches.  And it is just minutes to both Jensen Beach Elementary School and Jensen Beach High School. Jensen Beach students also attend Stuart Middle School which is only about 15 minutes away.

 

Portofino Condos at Jensen Beach

Portofino Condos at Jensen Beach

 

Portofino Condos at Jensen Beach is one of the newest condominium subdivisions in Martin County. Originally built as an upscale apartment complex around 2000, this development was turned into condominiums. Sales began in 2005.  Due to the downturn in the housing market, not all units were sold and some are now being offered for lease. Portofino Condos at Jensen Beach July 2019 Market Report features 1, 2 and 3 bedroom units.  Some include a separate garage as an added amenity when available. Unit sizes are 802 sq. ft. for the 1 Bedroom 1 bath, 1074 sq. ft. for the 2 Bedroom 2 bath, and 1252 sq. ft. for the 3 Bedroom 2 bath.

Portofino at Jensen Beach

With a total of 384 units, there are 116 one-bedroom, 196 two-bedroom, and 72 three-bedroom units within Portofino that are spacious and include balconies! Portofino provides luxury living for its residents, set in a peaceful Florida preserve atmosphere, many with lake views. Living in Portofino of Jensen Beach you will feel like you are on vacation year round!

Portofino Condos at Jensen Beach

The Condo Owners Association fees include the extensive grounds and gated entry as well as the amenities, which include a large community pool, heated whirlpool, state of the art fitness center, indoor racquetball court, tennis court, playground and a private clubhouse with a full kitchen.

Portofino Condos at Jensen Beach

All ages are welcome in Portofino Condos at Jensen Beach. Children attend Martin County’s highly rated school system, currently at Jensen Beach elementary school, Stuart middle school and Jensen Beach high school. Portofino Condos is close to the Treasure Coast mall as well as numerous shops and restaurants, medical facilities and only a few minutes to the waterways of Martin County and the beaches of Hutchinson Island.

Portofino Condos at Jensen Beach

Portofino Condos at Jensen Beach

For information about sales or rentals of Portofino Condos in Jensen Beach, please call the Gabe Sanders real estate team at 772-323-6996 or contact us here.

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Portofino Condos at Jensen Beach July 2019 Market Report

Oceana Oceanfront and North Condos July 2019 Market Report

Oceana Oceanfront and North Condos July 2019 Market Report

For July 2019 there are 9 condos for sale in Oceana (I and II aka Oceana Oceanfront) in Jensen Beach FL on Hutchinson Island. List prices range from $244,500 up to $429,000. This is an average list price of $310,778 which equals $303.52 per sq. ft. of living space.

There are 2 condos currently under contract. List prices were $244,500 and $329,000. This works out to an average list price of $286,750 which equals $296.79 per sq. ft. of living space. These condos averaged 4 days on the market before going under contract.

In the past 12 months, 18 condos have sold. Sales prices ranged from $171,000 up to $394,000. This equals an average sales price of $261,442 which works out to $256.62 per sq. ft. of living space. These condos sold for an average of 95% of list price and averaged 126 days on the market before going under contract.

About the Oceana Oceanfront and North Condos:

Oceana North and Oceanfront Condos in Jensen Beach

The Oceana North Condos are also known as Oceana Oceanfront and are located at 9900 and 9940 S Ocean Drive in Jensen Beach FL on Hutchinson Island in Saint Lucie County.

Oceana North and Oceanfront Condos in Jensen Beach Oceana North and Oceanfront Condos in Jensen Beach

Oceana I was built in 1975 and is a 12 story building with 125 condos, while Oceana II was completed in 1980 with 16 stories and 160 units. Oceana II has two penthouse units with 3 bedrooms and 3 baths with a spacious 2,092 sq. ft. of living area. Also in building II, there are a few 2 bedroom 3 bath condos with 1,421 sq. ft. The remaining condos in both Oceana I and II are either 2 bedroom, 2 bath residences with 1,129 or 1,023 sq. ft. and some 1 bedroom, 2 bath condos with 899 sq. ft.

There are two pools and private beach access, along with BBQ grilling areas as well as gated entries and vehicle was areas.

Oceana North and Oceanfront Condos in Jensen Beach Oceana North and Oceanfront Condos in Jensen Beach

Both buildings share a large clubhouse with fitness and game room, kitchen and bar and a large social area. 1 small pet is allowed as well as rentals with a 3-month minimum lease restriction. There are four tennis courts directly across the street as well as 2 RV/Boat parking areas. Trucks are also allowed.

Oceana North and Oceanfront Condos in Jensen Beach Oceana North and Oceanfront Condos in Jensen Beach

Condo fees range from $425 to $590 per month depending on the size and location of the condo. These fees cover Basic Cable TV, Common Areas, Elevator, Exterior Electric, Fire/Liability Insur, Grounds / Plants, Insurance-Bldg, Janitor, Laundry Facilities, Lawn Care, Manager, Parking, Pest Control, Pool Service, Recreational Facilities, Reserve Funds, Roof Maintenance, Security, Signs, Trash Removal and Water.

Oceana North Condos in Jensen Beach

Click on this link to search for available Oceana North Condos in Jensen Beach

Here are all the available Oceana Condos in Jensen Beach on Hutchinson Island

Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you may wish to consider:
AdmiralAtlantisClaridgeDune WalkEmpressIsland ClubIsland CrestIsland DunesIslandiaMiramarMiramar RoyaleOcean DunesOceana OceanfrontOceana SouthOcean TowersOceanriseOcean Bay VillasPrincessRegencySand Dollar ShoresSea WindsVilla del Sol

Oceana Oceanfront and North Condos July 2019 Market Report

Osprey Cove in Hobe Sound July 2019 Market Report

Osprey Cove in Hobe Sound July 2019 Market Report

There are 4 homes currently for sale in Osprey Cove in Hobe Sound, FL.  The list prices range from $579,000 up to $841,500. This is an average list price of $652,600 or $227.69 per sq. ft. of living area.

There are no homes currently under contract.

In the past 12 months, 7 Osprey Cove homes have sold with sales prices ranging from $550,000 up to $970,000. This equals an average sale price of $637,857 which works out to $221.05 per sq. ft. of living area. These homes averaged 109 days on the market before going under contract and sales prices averaged 96% of list price.

About Osprey Cove in Hobe Sound:

Osprey Cove in Hobe Sound

Osprey Cove in Hobe Sound, Florida is a waterfront community off of Gomez Avenue in the vibrant Hobe Sound area of Martin County, Florida. Also known as the Osprey Cove Yacht Club. It boasts 32 deep water boat slips just off the Intracoastal Waterway. There are only 86 homes in this gated community that broke ground in late 2000 with homes being completed from 2000 through 2006. Homes range in size from 3 bedrooms, 3 bathrooms, 2 car garage homes of 2,230 sq. ft. to 5 bedrooms, 4 and 1/2 bathrooms, 3 car garage pool homes of over 4,000 sq. ft. of living area. There’s also a community pool and tennis court available to all residents. The HOA fees in Osprey Cove are a very reasonable $215.00 a month.

Osprey Cove in Hobe Sound

For boaters, the docks are approximately 5 miles from the Saint Lucie Inlet of Martin County and just under 10 miles from the Jupiter Inlet in Palm Beach County. All Osprey Cove residents enjoy easy access to shopping, restaurants and the pristine beaches of Jupiter Island in Martin County.

Osprey Cove in Hobe Sound

For families, the Martin County School District is one of the highest rated in Florida and children attend the Hobe Sound elementary school, Murray middle school, and South Fork high school. There are also a number of excellent private schools located nearby, including the Pine School.

Osprey Cove in Hobe Sound

You can find additional information at the Osprey Cove in Hobe Sound Homeowner’s Association web page.

Osprey Cove in Hobe Sound

For any questions you may have about Osprey Cove in Hobe Sound, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Osprey Cove in Hobe Sound

Hobe Sound Florida Real Estate

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

Osprey Cove in Hobe Sound July 2019 Market Report

St Lucie County Townhouses and Condos May 2019 Market Report

St Lucie County Townhouses and Condos May 2019 Market Report

The St Lucie County Townhouses and Condos May 2019 Market Report reversed the gains it showed in April for May with weaker closed sales when compared to last month and last year.  Closed sales were down by 17.7% from last year (were up by 12.3% in April) while new pending sales were up by 11.7% for May (they were down by 11.2% in April).

Prices also declined for May.  The median price decreased by 5.4% from last year (was up by 13.3% in April) while the average sales price decreased by 0.9% (was up by 10.7% in April).

The inventory of available townhouses and condos decreased by 30 units from last month to 587 units, which is still 10.5% greater than May 2018. The current inventory is 5.8 months, as compared to 5.1 months of inventory last year.  The St Lucie County townhouses and condos market slipped back into a slight seller’s market. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.

St Lucie County Townhouses and Condos May 2019 Market Report

Click here to view or download the full report:
St Lucie County Townhouses and Condos May 2019 Market Report

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.

St Lucie County Townhouses and Condos May 2019 Market Report