Indian River Drive Real Estate May 2018 Market Report

Indian River Drive Real Estate May 2018 Market Report

There are 25 homes and condos available to purchase off of Indian River Drive for May 2018.  These properties are listed for prices from $95,000 up to $2,600,000 for an average list price of $740,660 which works out to $259.32 per sq. ft. of living area.

There are 7 homes under contract.  These homes were listed for a minimum of $34,900 up to $449,900 which averages to $271,600 or $162.12 per sq. ft. of living area.  These homes were on the market for an average of 153 days before going under contract.

In the past 12 months, 27 homes have sold.  Sale prices ranged from a low of $59,900 up to $850,000 for an average sales price of $395,533 which equals $183.71 per sq. ft. of living area.  These homes averaged 128 days on market before going under contract and sold for an average of 94% of list price.

About Indian River Drive:

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Discover the last vestiges of old Florida charm and the best values for wide waterfront homes and estate sized land in South Florida today!  Twelve miles of paradise on a two-lane country road along the Treasure Coast between the Island Life Of Jensen Beach and the Historic Town of Ft. Pierce.  Most of the homes on Indian River Drive will have the wide views of the Intracoastal (Indian River)  on the east side and the unspoiled beauty of the Savannahs Preserve State Park on the west side.

Indian River Drive Real Estate

The blue waters of the Atlantic Ocean are just minutes away.  The famous Hutchinson Island is viewed by all residents along this designated Florida Scenic Route.

Indian River Drive Real EstateIndian River Drive Real Estate

The early settlers of the Treasure Coast recognized the Tropical Beauty of this bit of paradise.  Long used as a transportation route for the pineapple plantation owners to ship their product to various ports-of-call. The Intracoastal has easy access to the Atlantic Ocean and is a safe haven for boaters.  World-class marine life is right at your doorstep and the fishing is some of the best in the world.

The high elevation along the drive adds drama and beauty to most homes along this scenic stretch of two-lane road.

Hutchinson House East Condo Sold

Hutchinson House East Condo Sold

Hutchinson House East Condo Sold

Awesome Ocean views from this Hutchinson House East 2 bedroom 2 bath condo.  This unit is in the very desirable Hutchinson House East condominium located on beautiful Hutchinson Island. This complex has 2 pools, one on the ocean side and one on the river, with attached clubhouses. Boat slips are available for lease or purchase. As a bonus, this condo has excellent potential for seasonal rental income.

Hutchinson House East Condo Sold Hutchinson House East Condo Sold

Located on Hutchinson Island in uncrowded and unspoiled Martin County, the Hutchinson House Condo complex is an ocean to Intracoastal complex with a variety of styles and views offering wonderful amenities that include ocean access docks, clubhouse, pools, spa/Jacuzzi, tennis and a private beach.

Hutchinson House East Condo Sold Hutchinson House East Condo Sold

Hutchinson House consists of 121 Condos, with the Ocean Side being Hutchinson House East and the riverside is called Hutchinson House West.  Both sides offer 2 and 3 bedroom condos with 2 or more bathrooms.  Many with spectacular views of the river and the crystal clear blue waters of the Atlantic Ocean.  Rentals are permitted with some restrictions on duration and frequency.  All ages are welcome and for full-time residents, their children will attend the Martin County School system.

Hutchinson House East Condo Sold Hutchinson House East Condo Sold

The Hutchinson House condos are one of the few condo developments that are pet-friendly and allows for up to 2 large pets.

Currently available condos in Hutchinson House on Hutchinson Island in Stuart, FL

Links to all Martin County Condos on Hutchinson Island in Stuart and Jensen Beach you may wish to consider:
Angler Cove – Beachwood Villas – Buttonwood – Dune Condominium – Fairwinds Cove – Green Turtle Cove – Hutchinson House – Indian River Plantation Condos – Islander 12 – Jensen Beach Club – Little Ocean Club – Little Ocean Place – Maritimes – Ocean View – Sailfish Point – Sandpebble – Seaside – Suntide

Hutchinson House East Condo Sold

Stuart Florida 34994 Residential Market Report April 2018

Stuart Florida 34994 Residential Market Report April 2018

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

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

There are currently 74 active listings (Down by 1 homes from March)

Stuart Florida 34994 Residential Market Report April 2018

35 Residential sales are pending and awaiting close or lender approval (Increased by 1 homes from last month).

Stuart Florida 34994 Residential Market Report April 2018

13 Homes Sold in March (Decreased by 14 homes from March)

Stuart Florida 34994 Residential Market Report April 2018

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a decrease in closed sales from last month (which were very strong) but remains a very strong market.

The one-month absorption rate for the 34994 zip code for March jumped to 5.7 months from 2.8 months for March.  Hanging on to a seller’s market for the 34994 zip code area of Stuart, FL.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The April 2017 numbers were 69 Active Listings, 33 pending sales, and 12 closed sales.  One of the few areas of Martin County with increased inventory from last year.  Sales activity was very similar to last year.

Stuart Florida 34994 Residential Market Report April 2018

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Stuart Florida 34994 Residential Real Estate Market Report April 2018

St Lucie County Townhouses and Condos March 2018 Market Report

St Lucie County Townhouses and Condos March 2018 Market Report

The St Lucie County Townhouses and Condos March 2018 Market Report reported quite strong closed activity though weaker pending numbers as well as compared to last year.  Closed sales were up by 9.3% from last year (was up by 24.3% in February) while new pending sales were down by 12.8% for March (was up by 10.9% in February).

Prices continued to rise with the median price increasing by 11.0% from last year (was up by 13.8% in February) while the average sales price increased by 18.2% (was up by 18.7% in February).

The inventory of available townhouses and condos decreased by 5 units from last month to 575 units, which is 1.1% less than March 2017. The current supply is 5.6 months, which is 5.1% less than the 5.9 months of inventory last year.  The St Lucie County townhouses and condos market continues to be a 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 March 2018 Market Report

Click here to view or download the full report:
St Lucie County Townhouses and Condos March 2018 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 March 2018 Market Report

Just Listed in the Crossings – Lake Village

 Just Listed in the Crossings – Lake Village


Townhouse for sale in Palm City, FL
Overview
Maps
Photos
Description
$175,000
A hard to find affordable 3 bedroom, 2 ½ bath townhome with a 1 car garage in Palm City. This home features a spacious open plan with the living, dining and kitchen area centrally located on the first floor and three bedrooms and 2 baths upstairs. Full sized washer and dryer in the utility room. The covered and screened patio overlooks green space, preserves and a small pond. Lake Village/The Crossings features a lakeside pool and clubhouse, tennis courts and a scenic walking path around the central lake in the community. This is a community for all ages offering “A-rated” schools, easy access to I-95, the Turnpike, shopping & varied restaurants and just a short drive to historic downtown Stuart & the beaches.
Main Features
3 Bedrooms
2 Full Bathrooms
1 Half Bathroom
Interior: 1,119 sqft
Lot: 2,029 sqft
Year Built: 1992
MLS #: M20011613
Location
1577 SW Crossing Circle
Palm City, FL 34990
USA

Gabe Sanders Gabe Sanders

Real Estate of Florida
(772) 323-6996
Gabe@GabeSanders.com
http://www.GabeSanders.com

       

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St Lucie County Single Family Homes March 2018 Market Report

St Lucie County Single Family Homes March 2018 Market Report

St Lucie County Single Family Homes March 2018 Market Report had a decrease in closed sales when compared to last year but remains a very active real estate market. Closed sales were down by 11.1% (in February they were up by 9.7%) and new sales under contract (new pending sales) increased by 2.2% (they were down by 7.8% last month).

Prices, however, continued their upward march for the month.  The median and average sales prices up by 6.4% and 13.5% respectively from last March (For February these numbers were up 6.9% and 7.4%).  These price rises are a bit less severe than we’ve experienced in the past few months.

Active listings decreased by 119 homes down to 1,647 homes.  This inventory is 5.3% lower than last year.  The current supply of homes is  3.6 months (was 3.8 months for February) compared to 3.9 months for last year.  The St Lucie County single family home market remains a strong sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes March 2018 Market Report

Click here to view or download the full report:
St Lucie County Single Family Homes March 2018 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 Single Family Homes March 2018 Market Report

Ocean Bay Villas May 2018 Market Report

Ocean Bay Villas May 2018 Market Report

For May 2018 there are 6 available homes in the Ocean Bay Villas townhouse community on Hutchinson Island FL.  List prices are from $389,000 up to $499,000, for an average list price of $444,333 which works out to $184.43 per sq. ft. of living area.

There are no townhouses currently under contract.

There have been 4 closed sales in the past 12 months.  Sales prices ranged from $357,000 up to $460,000 which averages to $401,725 and is equal to $164.78 per sq. ft. of living area.  These homes sold for an average of 96% of list price and also averaged 82 days on market before going under contract.

About the Ocean Bay Villas on Hutchinson Island in Jensen Beach:

Ocean Bay Villas on Hutchinson Island is an exclusive private enclave with only 78 owners located beautiful and unspoiled Hutchinson Island in Saint Lucie County on Florida’s Treasure Coast.  All villas in Ocean Bay feature three story luxury townhome style residences with elevators and modern updated interiors.

There are three different home plans; The Azalea with 3 Bedrooms, 3 & 1/2 Baths and Den in 2171 sq. ft. of living area. The Beachberry which has 3 Bedrooms, 3 Baths, Den and Office in 2,327 sq. ft. of living area.  And, the Cocoplum with 3 Bedrooms, 3 & 1/2 Baths and Den in 2,579 sq. ft. of living area

All models have two car garages, 9 and 10 foot ceilings. This gated Ocean Side community features an entertainment clubhouse, fitness center, community pool, and spa.  A true resort style lifestyle that can be yours every day.

Search for all Available Ocean Bay Villas on Hutchinson Island in Stuart Florida

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Ocean Bay Villas May 2018 Market Report

Martin County Townhouses and Condos March 2018 Market Report

Martin County Townhouses and Condos March 2018 Market Report

Martin County Townhouses and Condos March 2018 Market Report showed mixed sales activity when compared to last year.  Closed sales for the month were up by 6.8% (were down by 2.0% in February) while new sales under contract (new pending sales) were down by 16.1% from March 2017 (decreased by 5.8 in February).

Prices, however, continued their rise as the median sales price increased by 3.3% (was up by 4.7% in February) while the average sales price increased by 14.0% (was up by 7.0% in February) as compared to March of 2017.

The inventory of available townhouses and condos increased by 8 units to 445 properties as compared to last month.  This is he same as the March 2017 inventory.  Currently, there’s a 4.5 month supply of inventory (compared to 4.7 months for March 2017).  Remaining in a strong seller’s market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos March 2018 Market Report

Click here to view or download the full report:
Martin County Townhouses and Condos March 2018 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.

Martin County Townhouses and Condos March 2018 Market Report

Sewalls Point Waterfront Lot with Dock Under Contract

Sewalls Point Waterfront Lot with Dock Under Contract

A 1 Acre (0.974) waterfront lot in the desirable Hillcrest development of Sewall’s Point FL with the potential for fabulous water views with a home waiting to be built. There’s a sturdy 500-foot dock in place which has direct ocean access only minutes away at the Saint Lucie inlet to the Atlantic Ocean. This lot is highlighted by picturesque Mossy Live Oaks, Ficus, and Sabal Palms. The location is ideal, just 40 miles north of Palm Beach and halfway between Miami and Orlando. There are 150(+) feet of water frontage on the Indian River (Intracoastal Waterway).

About Sewalls Point:

 Sewall’s Point real estate offers wide water views of the Saint Lucie River, the Indian River, and the Intracoastal Waterway.

The tree-lined streets feature beautiful estate homes, many of which are waterfront with docks.

With a population of about 2,000 residents, Sewall’s Point boasts a high quality of life with small-town character, while offering the amenities of a large town, such as shopping malls, restaurants, big-name chains, three nearby medical centers and more.

  • Enjoy nearby beautiful beaches and an abundance of aquatic activities.
  • Go fishing in one of the many bodies of water surrounding Sewall’s Point.
  • Be a part of the excellent school system in Martin County.
  • Travel only a few minutes by boat to Manatee Pocket a harbor with marinas, waterfront restaurants, and tackle stores.
  • Shop or just browse at the Shoppes of Harbour Bay Plaza featuring specialty shops.
  • Take classes at one of the seven institutions of higher educations within an hour’s drive.
  • Bring your children to the Children’s Museum of the Treasure Coast, offering 12,000 square feet of interactive exhibits.
  • Experience Indian River Park’s famous Interactive Fountain, hiking trails, and pier.
  • Attend one of the many local events held at Indian Riverside Park throughout the year such as Pet Fest and Concerts in the Park held once a month on a Sunday from January through May.

The unique charm of Sewall’s Point real estate is reflected in the variety of homes in Sewall’s Point. Properties to meet the needs and tastes of everyone are found in the Sewall’s Point real estate market. Whether you are looking for an upscale, multi-million-dollar estate or a more modest home, there is something special for everyone in the Sewall’s Point real estate market.

  • Exclusive new subdivisions
  • Unique Riverfront estates
  • Upscale gated communities
  • Custom-built homes
  • Stately homes with private pools
  • Mediterranean- style homes
  • Exquisite waterfront estates
  • Boater’s dream homes

Whatever your style, need, taste or desire in a home, we can meet your Sewall’s Point real estate needs. When you purchase or sell a home within the Sewall’s Point real estate market, we are able to provide you with the expertise you need and the service you want.

Search here for homes in Sewalls Point FL

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Sewalls Point Waterfront Lot with Dock Under Contract

Poppleton Creek Condo Market Report for May 2018

Poppleton Creek Condo Market Report for May 2018

As of May 2018, there were no condos available for sale in the Poppleton Creek community of Stuart, FL.

There is 1 condo currently under contract. The list price was $96,900 or $110.74 per sq. ft. of living area.  This condo was on the market for 4 days prior to going under contract.

In the past 12 months, there have been 8 sales.  Sales prices ranged from $85,000 up to $155,000 for an average sales price of $128,474 which equals $110.34 per sq. ft. of living area.  These condos averaged 80 days on the market before going under contract and sold for an average of 96% of list price.

About the Poppleton Creek Condo Community in Stuart FL:

Poppleton Creek Condos in Stuart FL

Conveniently located just west of US-1 (Federal Highway) on Kanner Highway and close to downtown Stuart is the Poppleton Creek Condo Complex.

Poppleton Creek Condos in Stuart FL Poppleton Creek Condos in Stuart FL

 This community consists of two sections.  One is a more traditional type of condo building with units consisting of mostly 2 bedroom condos and a few 1 bedroom units built in 1974 with approximately 875 sq. ft. of living area.  There is also a newer section built in 1981 with 1,250 sq. ft. condos that are more like townhomes with 2 bedrooms and 2 bathrooms.

Poppleton Creek Condos in Stuart FL Poppleton Creek Condos in Stuart FL

The newer section, which was completed between the years of 1984 and 1985 is referred to as the Gardens at Poppleton Creek and consist of a more open plan that are all 1,164 sq. ft. of living area with 2 bedrooms and 2 bathrooms.

Poppleton Creek Condos in Stuart FL

Some units in both of the newer sections lookout at and are along the shores of Poppleton Creek which has ocean access through the Saint Lucie River.  There are docks available in Poppleton Creek that are only suitable for smaller boats as the waters are fairly shallow and one must travel under the Palm City Road bridge which only has limited clearance. There is also a place for kayak storage and launching.

Poppleton Creek Condos in Stuart FL

One medium sized pet is allowed (under 35 lbs.) and rentals are also allowed with restrictions.  There is ample parking but no commercial vehicles are allowed.  Units do have washer and dryer hookups for in-home laundry.

There are two community pools and unfortunately no sports courts at this time.  All ages are welcome and children currently attend the J.D. Parker Elementary School, Stuart Middle School, and the Jensen Beach High School.

Condo association fees as of January 2018 range from $236 to just over $411 per month depending on the section and size of the condo.

Click here to see all the currently listed condos in Poppleton Creek (If any)

Martin County Single Family Homes March 2018 Market Report

Martin County Single Family Homes March 2018 Market Report

The Martin County Single Family Homes March 2018 Market Report showed mixed sales reports as compared to last March.  Closed sales were up by 0.4% (was down by 8.6% in February).  While new pending sales decreased by 7.4% as compared to March 2017 (Decreased by 11.1% in February).

Prices, however, continue to go up though at a more moderate rate. The median sales price up by 3.8% from last year (up by 5.7% in February) while the average price increased by 4.5% (was up by 8.5% last month).

The inventory of available single-family homes increased from last month by 5 homes to 1041 units for March,  this is 4.8% less than last March.  The current supply of homes is 5.1 months, for March of last year, it was a 5.5 months supply.  We’re still in a seller’s market for Martin County single-family home sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Single Family Homes March 2018 Market Report

Click here to view or download the full report:
Martin County Single Family Homes March 2018 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.

Martin County Single Family Homes March 2018 Market Report

Beacon 21 Condo C-11 Sold

Beacon 21 Condo C-11 Sold

Beacon 21 Condo C in Jensen Beach FL

 

Beacon 21 Condo building C Suite number 11.  Discover this 2 bedroom, 2 bath, nearly 1300 sq. ft.  condo with river breezes. Beacon 21 is a boater’s dream with docks available through the community marina along with a pool, tennis courts and a clubhouse, Enjoy your morning coffee in the large light and bright Florida Room. Situated in RIO, the up & coming hub of Jensen Beach! Walk to restaurants, parks and just a short drive to shopping, beaches & downtown Jensen Beach! Beacon21 Condo C is a 55+ community and 1 small pet is permitted.

Beacon 21 Condo C in Jensen Beach FL Beacon 21 Condo C in Jensen Beach FL

Beacon 21 Condo C in Jensen Beach FL Beacon 21 Condo C in Jensen Beach FL

About: Beacon 21 Condos in Jensen Beach

Beacon 21 Condos in Jensen Beach

Beacon 21 in Jensen Beach is a low rise condominium development in Jensen Beach FL locate just north of the Saint Lucie River and off of NE Dixie Highway (State Road 707).  This complex contains numerous types of condo buildings that were first built in 1973 and the last phase was completed in 1993.

Beacon 21 Condos in Jensen Beach

There are sections in Beacon 21 that are age restricted to 55 and over while other sections are open to all ages.  There are just over 270 individual condos with most of them being two bedrooms and all but a few having 2 bathrooms as well.  These condos come in sizes ranging from 826 sq. ft. of interior living area up to 1,440.

Most of Beacon 21’s sections are pet-friendly allowing for one medium-sized pet with some areas allowing up to 2.  Rentals are also permitted with some restrictions.

Beacon 21 Condos in Jensen Beach

There are three pools and three tennis courts as well as a clubhouse and shuffleboard courts for Beacon 21.  And, as a bonus, there is dockage for smaller boats (up to 21’) with ocean access.  These docks are available for lease at very reasonable rates when available on a first come first served basis for owners in the Beacon 21 complex.

HOA fees vary from $200 to $450 a month depending on the location and size of the condo.  Children living in Beacon 21 currently attend the Felix A Williams elementary school, Stuart middle school, and the Jensen beach high school.

Beacon 21 Condos in Jensen Beach

This complex is well located only minutes from the beaches, rivers and shopping areas of Jensen Beach and Stuart FL.

Search for available Beacon 21 condos in Jensen Beach

Florida Townhouses and Condos March 2018 Market Report

Florida Townhouses and Condos March 2018 Market Report

The Florida Townhouses and Condos March 2018 Market Report had weaker activity when compared to last year but remains as a stong market.  Closed sales were down by 1.8% as compared to last month’s increase of 6.4% and new sales under contract (new pending sales) decreased by 3.7% (In February there was an 1.6% increase).

Prices, however, continued their upward march.  Median sales prices were up by 7.0% (was up by 7.2% in February), while the average sales price increased by 5.1% (was up 11.9% in February).

The inventory of active listings decreased by 3.6% from March of last year.  For March 2018 we have 5.9 months of inventory (was 6.0 months in February) and compared to 6.3 months for March 2017.  We remain 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 March 2018 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:
Florida Townhouses and Condos March 2018 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.

Florida Townhouses and Condos March 2018 Market Report

Twin Lakes Condo Market Report for April 2018

Twin Lakes Condo Market Report for April 2018

There are currently 6 condos available to purchase in the Twin Lakes community in Stuart FL.  List prices range from $113,900 up to $139,900 for an average list price of $125,267 which equals $115.25 per sq. ft. of living area.

2 condos are currently under contract.  List prices of these pending sales were $83,000 and $119,000 for an average of $101,000 or $96.73 per sq. ft. of living area. These condos averaged 18 days on the market before going under contract.

In the past 12 months, 19 condos have sold in Twin Lakes.  Sales prices ranged from $70,000 up to $120,000 for an average sales price of $108,410 which works out to $99.06 per sq. ft. of living area.  These condos averaged 61 days on the market before going under contract and sold for an average of 96% of list price.

About the Twin Lakes Condo Community:

Twin Lakes Condos in Stuart FL

The Twin Lakes Condos of Stuart FL is located at 6531 SE Federal Highway in South Stuart, just north of the edge of Hobe Sound.  There are just over 280 units in Twin Lakes.  These condos were first built in 1973 through 1979 with the last phase having been completed in 1989.  All condos are 2 bedroom two bathroom units in two-story buildings.  Interior square footage range from 977 up to 1,182.

Twin Lakes Condos in Stuart FL Twin Lakes Condos in Stuart FL

One portion of this community is a 55 an over while the other is open to all ages.  Both phases will accept one small pet.  There is a community pool, clubhouse, tennis courts, shuffleboard courts and a pleasant area for those wishing to hike around the lakes.

 Twin Lakes Condos in Stuart FL Twin Lakes Condos in Stuart FL

The current Condo Association fees are $306 a month (as of April 2018) and these fees cover Building Insurance, Cable, Common Areas, Lawn Care, Maintenance Exterior, Manager, Master Antenna/TV, Pest Control, Pool Service, Reserve Funds and Trash Removal.

Twin Lakes Condos in Stuart FL Twin Lakes Condos in Stuart FL

Children in the all-ages section of twin Lakes attend Port Salerno Elementary School, Murray Middle School, and South Fork High School.

Twin Lakes Condos in Stuart FL

There is ample reserved and guest parking and commercial vehicles, trucks and RV’s are not permitted.  Rentals are OK with some restrictions.

Click here to view the available Twin Lakes condos listed in the Martin County MLS system

Twin Lakes Condo Market Report for April 2018

Florida Single Family Homes March 2018 Market Report

Florida Single Family Homes March 2018 Market Report

The Florida Single Family Homes March 2018 Market Report showed somewhat weaker activity when compared to last year, but still remains a very active market. Closed sales were down by 3.5% (were up by 3.3% in February) and new sales under contract (new pending sales) were down by 2.2% (were down by 1.0% in February).

Prices though, continue with their upward march.  The median and average sales prices up by 8.2% and 8.7% respectively, compared to February’s 9.6% and 7.4%.

The inventory of available homes for sale fell by 7.5% from last year.  For March there was a 3.8 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (March of 2017 had a 4.1 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 March 2018 Market Report

Click here to view or download the full report:

Florida Single Family Homes March 2018 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.

Florida Single Family Homes March 2018 Market Report

Spinnaker Point Home with Dock and Ocean Access at New Price

Spinnaker Point Home with Dock and Ocean Access at New Price

Now offered for $1,499,000, come and take advantage of this wonderful opportunity to own your own little slice of paradise. A wide river view home with a dock out your back door and private deeded access to the crystal clear waters of the Atlantic Ocean just across the street. This Kelly and Kelly designed custom home is located in the gated community of Spinnaker Point on Hutchinson Island in Stuart FL. A spacious two-story home with the master suite on the first floor. A total of 4 bedrooms plus a den/office and 3 full bathrooms and 2 half baths. A screened and heated pool overlooks the Intracoastal Waterway along with access to your own beach and dock. Located just about halfway between the Stuart and Jensen Beach causeways for exceptional access to both downtowns, shopping and the wonderful amenities that Martin County Florida offers. Spinnaker Point is a small 12 home association which reaches from the ocean to the river. “A” rated Martin County school systems and a pet-friendly community.

About Spinnaker Point on Hutchinson Island:

Spinnaker Point on Hutchinson Island is easy to miss when driving by on Highway A-1-A in Stuart FL.  But, it is one of the gems for those who want both river and ocean access.  This gated community has 12 homes west of the road and 2 lots that have yet to be built upon on the ocean side.

 Four of these homes enjoy being on the Intracoastal Waterway (also known as the Indian River) and have deeded docks with ocean access (no fixed low bridges) through the Saint Lucie Inlet just a little under 5 miles south. The remaining 8 homes have access to the community pier and a few have deeded docks as well.

All the homes are built in the Key West style and were built between 1991 and 2001.  Home sizes range from a 3 bedroom, 2 bathroom home with a 2 car garage up to a 5 bedroom, 6 bathroom home with a 2 and ½ car garage.  There is deeded access to the ocean with a boardwalk leading over the dunes.  All ages and pets are permitted in Spinnaker Point.  HOA fee as of February 2018 is $167 per month.

School-age children attend the Felix A Williams elementary school, Stuart middle school, and Jensen Beach high school.

Located approximately half way between the Stuart and Jensen beach causeways making it easy to enjoy the restaurants, shopping, and amenities that both areas have to offer.

Spinnaker Point homes do not come on the market often, so click on the following link to see if any are currently available:

Homes for Sale in Spinnaker Point on Hutchinson Island

Spinnaker Point Home with Dock and Ocean Access at New Price

Hobe Sound FL 33455 Condo Market Report March 2018

Hobe Sound FL 33455 Condo Market Report March 2018

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for March 2018

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

There are currently 9 active condo listings. (Decreased by 1 condos from February)

Hobe Sound FL 33455 Condo Market Report March 2018

9 Condos are pending and awaiting close. (Up by 5 condos from February)

Hobe Sound FL 33455 Condo Market Report March 2018

2 Condos sold in March. (Increased by 1 condo from February)

 Hobe Sound FL 33455 Condo Market Report March 2018

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Sales and pending sales were both up for this month.

The absorption rate for Hobe Sound condos was 4.5 months for March as compared to 10.0 months in February). 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 March 2017 numbers were: 16 active listings, 4 pending sales, and 4 closed sales.  Stronger activity last year for Hobe Sound condo sales, but better pending activity this year with much lower inventory.

Hobe Sound FL 33455 Condo Market Report March 2018

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Hobe Sound Florida Real Estate presented by:
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Hobe Sound FL 33455 Condo Market Report March 2018

Hobe Sound FL 33455 Residential Market Report March 2018

Hobe Sound FL 33455 Residential Market Report March 2018

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for March 2018

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

There are currently 194 active listings. (Decreased by 23 homes from February)

Hobe Sound FL 33455 Residential Market Report March 2018

105 Residential sales are pending and awaiting close  (Up by 25 homes from February)

Hobe Sound FL 33455 Residential Market Report March 2018

45 Homes Sold in March (Up by 4 homes from last month)

Hobe Sound FL 33455 Residential Market Report March 2018

The Hobe Sound Florida Market Report ZIP Code 33455 remains a strong and active real estate market with both pending and closed sales increased when compared to last month.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 4.3 months ( It was 5.0 months in February).  Continuing as a seller’s market for Hobe Sound residential real estate.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for March 2017 were:  200 active listings, 102 pending sales, and 42 closed sales.  Better activity this year when compared to last March.

Hobe Sound FL 33455 Residential Market Report March 2018

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Search here for Hobe Sound Florida Real Estate for Sale

Stuart Florida Real Estate presented by:
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Hobe Sound FL 33455 Residential Market Report March 2018

Village of Stuart Condos April 2018 Market Report

Village of Stuart Condos April 2018 Market Report

For April 2018 there are 3 condos for sale in the Village of Stuart.  The list price is $148,500 or $123.75 per sq. ft. of living area.

There are 2 condos currently under contract.  These condos were listed for $119,900 and $119,999 which is an average list price of $119,950 or $99.96 per sq. ft. of living area.  These condos went under contract in an average of 94 days after being listed.

In the past 12 months, 5 condos have sold.  Sales prices ranged from a low of $105,000 up to $158,000 for an average sales price of $123,800 which equals $99.40 per sq. ft. of living area.  These condos sold for an average of 94% of the listed price and were on the market for an average of 50 days before going under contract.

About the Village of Stuart Condos:

     Village of Stuart Condos

This condo community located off Indian Street and Aster Lane in Stuart FL was built in 1982 and 1983 and features 144 condos in 18 two story buildings.  All of these condos are 2 bedroom, 2 bathroom units with 1,200 sq. ft. of living area and all buildings have 4 units upstairs and another four on the first floor.

Village of Stuart Condos

Amenities include a community pool and tennis court. And, as of April 2018 the condo fee is $265 per month.  This fee includes exterior maintenance and insurance as well as the management fees and maintenance of all common areas as well as trash pickup and water and sewer.  The Village of Stuart is pet friendly and allows up to two medium sized pets per unit and also allows rentals with restrictions on duration and frequency.

Village of Stuart Condos Village of Stuart Condos

All ages are welcome in this community.  Children currently attend J. D. Parker Elementary School, Dr. David L. Anderson Middle School and Martin County High School.

Village of Stuart Condos Village of Stuart Condos

This community is located just west of US-1 (Federal Hwy.). Which gives easy and quick access to shopping, restaurants and the beaches and also only a few minutes away to I-95 for those commuting from either north or south.

Click here for any available condos for sale in the Village of Stuart

Village of Stuart Condos April 2018 Market Report

Osprey Creek April 2018 Market Report

Osprey Creek April 2018 Market Report

For April 2018 there are 4 homes listed in the Osprey Creek community of Martin Downs Country Club in Palm City FL.  List prices range from $225,000 up to $260,000 for an average list price of $237,225 which equals $147.00 per sq. ft. of living area.

There are no homes currently under contract.

In the past 12 months, 2 homes have sold.  The sales prices were $170,000 and $210,000 which equals an average sale price of $190,000 or $118.93 per sq. ft. of living area.  These two homes were on the market for an average of 12 days before going under contract and sold for an average of 97% of list price.

About Osprey Creek in Martin Downs Country Club

Osprey Creek in Martin Downs Country Club

The Osprey Creek section of Martin Downs Country Club has 41 homes located on the Martin Downs Country Club Golf Course. Homes consist of both 2 and 3 bedroom single family homes ranging in size from 1,714 to 1,542 square feet of living area. All of the homes include a single car garage. As of January, 2018 the HOA fees were $240 per month. These fees include security, landscaping and lawn maintenance, exterior pest control, trash pickup and basic cable TV service.

Osprey Creek in Martin Downs Country Club Osprey Creek in Martin Downs Country Club

Martin Downs is a guard gated community that offers memberships for golf, tennis and social. Two large pools, workout room, Tiki Sports Bar and Main Dining Room. A rated schools, Public Parks, Dining, Entertainment, Boating, Fishing, Horseback Riding and other activities just minutes away.

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Search for Martin Downs Homes For Sale

Osprey Creek April 2018 Market Report