Renar River Place Condos September 2018 Market Report

10.02.18 by

Renar River Place Condos September 2018 Market Report

For September 2018 there are 4 condos for sale in Renar River Place in downtown Jensen Beach FL.  Lis prices range from $249,900 to $380,000.  This is an average list price of $326,325 or $213.63 per sq. ft. of living area.

There is one condo currently under contract.  The list price was $375,000 or $188.54 per sq. ft. of living area.  This condo was on the market for 143 days prior to going under contract.

In the past 12 months, 2 condos have sold in Renar River Place.  Sales prices were $213,000 and $215,000 for an average sales price of $214,000 which equals $123.42 per sq. ft. of living area.  These condos went under contract in an average of 7 days after being listed and sold for an average of 93% of the last list price.

About Renar River Place in Downtown Jensen Beach:

Renar River Place in Downtown Jensen Beach

One of the few newer condo communities in Martin County.  Renar River Place boasts spacious condos overlooking the Intracoastal Water Way (Indian River) right at the base of the Jensen Beach round about and causeway to Hutchinson Island.  There are also some townhouse style condos associated with this complex along with a limited amount of commercial space, making this the perfect work and live destination.

Renar River Place in Downtown Jensen Beach Renar River Place in Downtown Jensen Beach

Renar River Place is in a great location within an easy walk to all of the quaint shops and restaurants of Jensen Beach.  HOA fees vary by the size of the condo and location, so please call us for the latest cost.  This community is open to all ages and pets are also welcomed.  For those wishing to use this location as an investment, liberal rental rules will allow some excellent returns.

Renar River Place in Downtown Jensen Beach

Search her for Renar River Place Condos for sale

Renar River Place Condos September 2018 Market Report

Hobe Sound FL 33455 Residential Market Report August 2018

10.01.18 by

Hobe Sound FL 33455 Residential Market Report August 2018

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

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

There are currently 172 active listings. (Down by 20 homes from July)

Hobe Sound FL 33455 Residential Market Report August 2018

81 Residential sales are pending and awaiting close  (Up by 13 homes from July)

Hobe Sound FL 33455 Residential Market Report August 2018

37 Homes Sold in August (Down by 16 homes from last month)

Hobe Sound FL 33455 Residential Market Report August 2018

The Hobe Sound Florida Market Report ZIP Code 33455 had a drop in closed sales for the month.  But, also, a rise in pending sales which should result in more sales in the coming months.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 4.6 months (It was 3.6 months in July).  Remaining in 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 August 2017 were:  173 active listings, 62 pending sales, and 52 closed sales.  Better sales activity last year and better pending activity for this year.

Hobe Sound FL 33455 Residential Market Report August 2018

Are you interested in the value of your Hobe Sound FL Home?
Click on this link and fill out the form for an accurate personal evaluation

Search here for Hobe Sound Florida Real Estate for Sale

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

Hobe Sound FL 33455 Residential Market Report August 2018

Sandpebble Condos Hutchinson Island September 2018 Market Report

09.30.18 by

Sandpebble Condos Hutchinson Island September 2018 Market Report

September 2018 Market Update for the Sandpebble Condo and Beach Club on Hutchinson Island in Stuart, Florida:

There are currently 4 condos for sale in Sandpebble. The list prices range from $319,000 up to $389,000.  This works out to an average list price of $344,250 which is $311.75 per sq. ft. of living area.

There is 1 pending Sandpebble condo currently under contract.  The list price was $450,000 or $313.37 per sq. ft. of living area.  This condo went under contract 21 days after being listed.

In the past 12 months, 16 Sandpebble condos have sold.  Sales prices ranged from $275,000 to $450,000.  This is an average sales price of $344,400 which works equals $278.42 per sq. ft. of living area.  These sales averaged 96% of list price and went under contract after an average of 55 days on market.

About the Sandpebble Condos on Hutchinson Island in Stuart FL:

Sandpebble Condos on Hutchinson Island in Stuart FL


On the beautiful and unspoiled portion of South Hutchinson Island lies one of the best-kept secrets in Martin County.  Located on a pristine 37 acres that reach from the Atlantic Ocean to the Indian River (Intracoastal Waterway).

Sandpebble Condos consist of 3 Ocean Front Buildings and 7 River Front buildings.  A total of 5 heated pools (3 riverside and 2 ocean side), along with deep water docks for 66 vessels.    Docks are available to residents only on a first come first served basis and are available for lease at a very reasonable $1.50 per foot per month.

Sandpebble Condos on Hutchinson Island in Stuart FL


On the spacious grounds, there is plenty of green space for outdoor activities, two hard court tennis courts and a fully equipped clubhouse with kitchen and on-site management.  Both Oceanside and riverside sections are gated for secured entry only.  Residents have the use of both the river and Oceanside sections regardless of the location of their own units.

Hutchinson Island Condos in Sandpebble, Stuart, Florida

 

Construction of the Sandpebble complex began in 1982 and just recently all buildings were completely refurbished with metal roofs, Hardi-Plank replacement for exterior wood surfaces, complete concrete (re-bar) restoration, the installation of a bulkhead protecting and enhancing the river-side property and structures, updated landscaping and the painting of all the buildings.

Sandpebble Condo on Hutchinson Island

For additional information and availability of Sandpebble Condominiums and other attractive Oceanfront Homes, Condos or Vacant Land, contact Gabe Sanders.

 

Search the MLS for Sandpebble Condos

Sandpebble Condos Hutchinson Island September 2018 Market Report

de la Bahia Waterfront Condos September 2018 Market Report

09.29.18 by

de la Bahia Waterfront Condos September 2018 Market Report

For September 2018 there are 4 condos available for sale in de la Bahia.  These condos range in price from $108,700 up to $139,900.  This is an average list price of $120,850 which equals $176.43 per sq. ft. of living area.

There is 1 condo currently under contract.  The list price was $129,000 or $157.32 per sq. ft. of living area.  This condo was on the market for 71 days prior to going under contract.

In the last 12 months, 17 condos have sold.  Sales prices ranged from $92,000 up to $170,000.  The average sales price was $122,971 which works out to $145.55 per sq. ft. of living area.  These condos sold for an average of 92% of list price and went under contract in an average of 70 days on market.

About the de la Bahia Waterfront Condos:

de la Bahia Waterfront Condos

The de la Bahia condo complex is located on Kanner Hwy just west of Monterey Road in Stuart which is in Martin County, Florida. This waterfront 55+ boating community lies on the shore of the south fork of the Saint Lucie River which also becomes the Okeechobee Waterway as it goes west.

de la Bahia Waterfront Condos

The condos consist of 1 bedroom 1 and 1/2 bath, 2 bedroom 1 and 1/2 bath and 2 bedroom 2 bath condos.  Condo fees run from $223 to $340 per month depending on the size of the condo.  These fees include Cable, Common Areas, Grounds / Plants, Insurance-Bldg, Lawn Care, Maintenance Exterior, Reserve Funds, Roof Maintenance, Sewer, Trash Removal and Water.

de la Bahia Waterfront Condos

This prime location is approximately 40 minutes North of West Palm Beach, and 100 miles north of Miami. Very conveniently located near many restaurants, stores, and medical facilities.

de la Bahia Waterfront Condos

The de la Bahia condominium complex is made up of 303 attractive and desirable residences.  231 docks, a pool, a clubhouse, shuffleboard courts, and a yacht club for the residents. The very desirable marina is for the use of residents only and most condos have a deeded dock.  Rental charges for the use of docks are not allowed, so there won’t be any additional charges for those wishing to use another owner’s dock.

de la Bahia Waterfront Condos

There’s a very active winter season, which normally includes two dinner dances a month, golf and bowling leagues, bingo, euchre, bridge, exercise class, knitting & stitching. The pool is heated and is a great place to meet people, swim, sunbathe, or even join in playing a board game of your choice. And the library has a good selection of books to read if you prefer to enjoy a quiet peaceful afternoon.

The Yacht Club has monthly meetings with a guest speaker, raft-ups, picnics, luncheon cruises, gambling cruises, and two socials.  In the past few years the association has sponsored a 3 to 5 day cruise in January. Membership is open to de la Bahia renters and owners only, boat ownership is not required and dues are very reasonable.

Click here to see the available condos for sale in de la Bahia

de la Bahia Waterfront Condos September 2018 Market Report

Jensen Beach FL 34957 Condo Market Report August 2018

09.28.18 by

Jensen Beach FL 34957 Condo Market Report August 2018

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for August 2018

For August 2018 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County):

There are currently 82 active listings. (Decreased by 5 condos from July)

Jensen Beach FL 34957 Condo Market Report August 2018

37 Condo sales are pending and awaiting settlement. (Up by 3 condos from July)

Jensen Beach FL 34957 Condo Market Report August 2018

27 Condos Sold (Up by 1 condos from July)

Jensen Beach FL 34957 Condo Market Report August 2018

 The Jensen Beach FL 34957 Condo Market Report for August continued remained very active and is one of the strongest markets in the Martin County area.  Both pending and closed sales increased slightly along with another drop in the inventory of available condos for sale.

The one-month absorption rate for the August 2018, Jensen Beach Florida Market Report ZIP Code 34957 inched down to 3.0 months (from 3.3 months in July), remaining in a strong seller’s market.   A balanced market is considered to be a 6 to 7-month absorption rate favoring neither the buyer or seller.

The August 2017 numbers were: 80 active listings, 41 pending sales, and 26 condos closed.  Very similar market activity when compared to last year.

Jensen Beach FL 34957 Condo Market Report August 2018

Are you interested in the value of your Jensen Beach FL Condo?
Click on this link and fill out the form for an accurate personal evaluation

Jensen Beach Florida Real Estate presented by:
Gabe Sanders

Jensen Beach FL 34957 Condo Market Report August 2018

Lake Grove September 2018 Market Report

09.28.18 by

Lake Grove September 2018 Market Report

There is only one home currently for sale in Lake Grove of Palm City, FL.  The list price is $724,900 or $194.87 per sq. ft. of living area.

There are no homes currently under contract in Lake Grove.

In the past 12 months, 5 homes have sold in the Lake Grove. Sale prices ranged from $435,000 up to $565,000.  This is an average sale price of $506,800 whick equals $177.85 per sq. ft. of living area.  These homes averaged 141 days on the market prior to accepting their offers and sold for an average of 96% of the list price.

About Lake Grove in Palm City FL:

Lake Grove in Palm City

Located south on Mapp Road in Palm City is the community of Lake Grove which is comprised of 64 homes built around a square shaped lake.  Lake Grove lies in a lovely private location will all home sites on at least ½ acre of land.Lake Grove in Palm CityHomes range in sizes from over 4,500 sq. ft. of living space with 5 bedrooms, 4 baths and a three car garage down to just over 2,000 sq. ft. homes with 3 bedrooms and two bathrooms and 2 car garages.  As of September 2018, the Lake Grove HOA fees are a very reasonable $275 per quarter.

Lake Grove in Palm CityThe common areas include two tennis courts, landscaped common areas and a fishing dock on the lake.  There’s also a dedicated trailer/RV/boat parking lot for residents.

Lake Grove in Palm City

Lake Grove children attend ‘A’ rated Martin County Schools and are currently zoned for the Palm City Elementary School, Hidden Oaks Middle School, and Martin County High School.  (To search for homes within Martin County school districts visit my school search pages here.)

Click here to see the currently available Lake Grove Homes for Sale

Search for Martin County Real Estate

If you like the Lake Grove community, you may also have an interest in its sister community: Orchid Bay.

Click here for the current Orchid Bay Homes for Sale

Lake Grove September 2018 Market Report

Jensen Beach FL 34957 Residential Market Report August 2018

09.27.18 by

Jensen Beach FL 34957 Residential Market Report August 2018

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for August 2018

 For August 2018 in the 34957 Zip Code area of Jensen Beach, Florida:

 There are currently 162 active listings. (Down by 6 from last month)

Jensen Beach FL 34957 Residential Market Report August 2018

70 Residential sales are pending and awaiting close or lender approval. (Down by 2 homes from July)

Jensen Beach FL 34957 Residential Market Report August 2018

45 Homes Sold (Decreased by 2 homes from July)

Jensen Beach FL 34957 Residential Market Report August 2018

The Jensen Beach FL 34957 Residential Market remains strong and active. Unlike much of the rest of Martin County, the inventory remains fairly strong.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 remained unchanged at 3.6 months ( was 3.6 months in July).  Remaining as a strong seller’s market for Jensen Beach residential sales after a month that inched close to a balanced market.   A 6 to 7-month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The August 2017 numbers were: 143 active listings, 77 pending sales, and 48 home sales closed.  Slightly better sales and pending activity last year.  Interestingly, this is with a higher inventory of available condos for sale this year.
Jensen Beach FL 34957 Residential Market Report August 2018
Are you interested in the value of your Jensen Beach FL Home?
Click on this link and fill out the form for an accurate personal evaluation

Search here for Jensen Beach Real Estate for Sale

Residential Properties

Land Properties

Rental Properties

Commercial Properties

Residential Income Properties

Jensen Beach Florida Real Estate presented by:
the Gabe Sanders real estate team

Jensen Beach FL 34957 Residential Market Report August 2018

Moon River Jensen Beach September 2018 Market Report

09.27.18 by

Moon River Jensen Beach September 2018 Market Report

For September 2018, there are no homes for sale in Moon River on Hutchinson Island in Jensen Beach FL.

There are also no Moon River homes currently pending (under contract).

There has been only 1 home sale in the past 12 months in Moon River.  The sales price was $297,000 which equals $217.74 per sq. ft. of living area and this home sold for 101% of list price.  This home was on the market for only 11 days before going under contract.

About Moon River in Jensen Beach Florida:

Moon River on Hutchinson Island in Jensen Beach

Moon River is a community of 51 attached and 3 detached homes that were built from 1998 to 2003. This is a gated waterfront community with ocean access docks as well as a community pool and clubhouse. Two tennis courts are also available and shared with the neighboring community of Fairwinds Cove.

Moon River on Hutchinson Island in Jensen Beach
Home sizes range from 3 Bedroom, 3 bathroom two story homes with over 2.700 sq. ft. of living area down to 2 Bedroom, 2 bathroom, 1 story homes of just under 1,400 sq. ft. of living space. Most of these homes have 2 car garages with a few actually offering covered parking for up to 4 cars. 

Moon River on Hutchinson Island in Jensen Beach
This is a pet-friendly community allowing for up to two pets that are no larger than 50 lbs. HOA fees at the time of this post were $343 per month (payable quarterly). 
Moon River lies on the east side of the Jensen Beach Causeway in Martin County Florida. It’s only a short walk or bike ride to the public beach on the Atlantic Ocean. It’s also close to shopping, restaurants and the remaining wonderful amenities that Martin County has to offer.

Moon River on Hutchinson Island in Jensen BeachMoon River is an excellent choice for both full-time residents and for those wishing to have their winter oasis away from the cold north.

Moon River on Hutchinson Island in Jensen Beach

The current Martin County Schools for Sugar Hill are Jensen Beach Elementary School, Stuart Middle School, and Jensen Beach High School

Here are the currently available homes in Moon River in Jensen Beach

 For any questions you may have about September 2018 Market Report for Moon River in Jensen Beach, please call the Gabe Sanders BlueWater Realty team at 772-323-6996 or Contact Us Here

Jensen Beach Florida Real Estate

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

Moon River Jensen Beach September 2018 Market Report

Palm City FL 34990 Condo Market Report August 2018

09.26.18 by

Palm City FL 34990 Condo Market Report August 2018

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for August 2018

For August 2018 in the 34990 Zip Code area of Palm City, Florida :

There are currently 76 active condo listings. (Decreased by 2 condos from July)

   Palm City FL 34990 Condo Market Report August 2018

7 Condo sales are pending and awaiting close or lender approval. (Down by 2 condos from last month)

Palm City FL 34990 Condo Market Report August 2018

7 Condos Sold in August. (Up by 6 condos from July)

Palm City FL 34990 Condo Market Report August 2018

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For August sales came back from the dismal July number.  Pending sales remain a little on the weak side.

The current absorption rate for condos in the 34990 zip code area dropped to 10.9 months (was 78 months in August).  Still a buyer’s market for Palm City condominiums, but not nearly as extreme as last month.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The August 2017 numbers were: 73 active listings, 8 pending sales, and 8 closed sales.  Down slightly this year when compared to August 2017.
Palm City FL 34990 Condo Market Report August 2018
Are you interested in the value of your Palm City FL Condo?
Click on this link and fill out the form for an accurate personal evaluation

Stuart Florida Real Estate presented by:
Gabe Sanders

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report August 2018

Governors Landing September 2018 Market Report

09.26.18 by

Governors Landing September 2018 Market Report

There are currently no homes on the market in Governors Landing for September 2018.

There is one home currently under contract.  It was listed for $469,000 or $183.70 per sq. ft. of living area.  This home was on the market for 10 days prior to going under contract.

In the past 12 months, no Governors Landing homes have sold.

About Governors Landing in Hobe Sound FL

Governors landing in Hobe Sound FL

Governors Landing is a prestigious gated community in Hobe Sound just south of Jimmy Graham and Peck Lake Parks and west of the Intracoastal Waterway facing Jupiter Island and the Atlantic Ocean to the East.  Very conveniently located about equidistant from the City of Jupiter to the South and the City of Stuart to the North.  Both of which can be reached in under 15 minutes by car.

Governors landing in Hobe Sound FL

Governors Landing has both canal homes with ocean access docks as well as lake front homes, many with docks in the community marina.  There is also a boat ramp available for residents as is a boat storage area.

Governors landing in Hobe Sound FL

Homes were built between 1988 and 2006 in Governors Landing and as of this writing in September 2015 there are 4 vacant lots which have yet to be built upon.  Existing lot sizes range from just over 1/6th to just under ½ acres. And, homes range from 3 bedroom, 2 bathroom, 2 car garage with around 2,400 sq. ft. of air conditioned living area up to 5 bedroom, 5 bathroom, 3 car garage homes with 5,000 sq. ft. of living area.

Governors Landing of Hobe Sound FL Governors Landing of Hobe Sound FL

The HOA fee (as of August 2018) is $569 per quarter and includes the maintenance and upkeep of the security gate, common areas as well as the community docks and ramps as well as basic cable TV service.

Governors Landing of Hobe Sound FL Governors Landing of Hobe Sound FL

Children in Governors Landing attend these schools: Hobe Sound Elementary School, Murray Middle School and South Fork High School.

For those looking for luxury ocean access homes with convenient access to good schools, medical facilities and shopping, Governors Landing may just be the perfect place to call home.

Search here for Governors Landing homes for sale.

Governors Landing September 2018 Market Report

Palm City FL 34990 Residential Market Report August 2018

09.25.18 by

Palm City FL 34990 Residential Market Report August 2018

 Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for August 2018

For August 2018 in the 34990 Zip Code area of Palm City Florida :

 There are currently 361 active listings (Increased by 26 homes from July)

Palm City FL 34990 Residential Market Report August 2018

100 Residential sales are pending and awaiting close or lender approval. (Down by 42 homes from last month)

Palm City FL 34990 Residential Market Report August 2018

97 Homes Sold in July (Up by 21 homes from July)

Palm City FL 34990 Residential Market Report August 2018

The Palm City FL, zip code 34990 residential real estate market had mixed results for August.  There was a welcome increase in inventory and closed sales.  Unfortunately, a big decrease in pending sales.
The monthly absorption rate dipped to 3.7 months from 4.4 months in July.  Remaining in a seller’s market for the Palm City zip code 34990 area for residential sales.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The August 2017 numbers were:  346 active listings, 128 pending sales, and 95 closed sales. Similar closed activity this year when compared to last year.  The pending numbers are down for this year though.

Palm City FL 34990 Residential Market Report August 2018

Are you interested in the value of your Palm City FL home?
Click on this link and fill out the form for an accurate personal evaluation

 Search here for Palm City Florida Real Estate for Sale:

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

 

Palm City FL 34990 Residential Market Report August 2018

Bay Pointe Palm City September 2018 Market Report

09.25.18 by

Bay Pointe Palm City September 2018 Market Report

There are three homes currently for sale in Bay Pointe in Palm City FL.  These homes are listed for sale from $950,000 up to $2,185,000 for an average list price of $1,520,833 which equals $332.23 per sq. ft. of living space.

There are no homes currently under contract in Bay Pointe.

In the past 12 months, three homes have sold in Bay Pointe in Palm City FL.  These homes had sales prices from $449,000 up to $1,575,000.  This equals an average sales price of $936,333 which equals $267.53 per sq. ft. of living space.  These homes were on the market for an average of 66 days before going under contract and sold for an average of 95% of the list price.

About Bay Pointe in Palm City, Florida:

Bay Pointe Waterfront Homes in Palm City, Florida

Search for Bay Pointe Homes for Sale

Located next to Seagate Harbor and Lighthouse Pointe is the exclusive subdivision of Bay Pointe in Palm City Florida.  This exclusive gated waterfront subdivision boasts 23 homes and lots on the wide waters of the Saint Lucie River.  An additional 11 non-waterfront homes and homesites enjoy the amenities of this private community.  Even the non-waterfront homes have access to docks with a community pier located on the south side of the community.

Bay Pointe Waterfront Homes in Palm City, Florida

The current HOA fees vary from $910 up to $1,350 a month depending on whether the owner chooses to have the HOA do the landscaping for the yard (current as of September 2018).

Bay Pointe waterfront in Palm City FL
Located with a large private preserve area to the south and west and enjoying magnificent wide water views to the east.  Only minutes to the wide Atlantic Ocean by boat and enjoying the amenities and low taxes of Martin County make Bay Pointe a wonderful place to call home.

Bay Pointe waterfront in Palm City FL
Close to parks, beaches, shopping and boasting the ‘A’ rated school system of Martin County.  Current school assignments for Bay Pointe are the Bessey Creek Elementary School, Hidden Oaks Middle School and Martin County High School.

Bay Pointe waterfront in Palm City FL

The Gabe Sanders real estate team has some excellent buyer and seller rebate programs available for a limited time for those interested in buying or selling in Bay Pointe.  (Available until 12/2018)  Please call for details.

Bay Pointe waterfront in Palm City FL

Search for Bay Pointe Homes for Sale

Bay Pointe Palm City September 2018 Market Report

Stuart FL 34997 Condo Market Report August 2018

09.24.18 by

Stuart FL 34997 Condo Market Report August 2018

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for August 2018

For August 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 36 active condo listings (Down by 8 condos from July).

Stuart FL 34997 Condo Market Report August 2018

25 Condo sales are pending and awaiting close (Up by 4 condos from July).

Stuart FL 34997 Condo Market Report August 2018

12 Condos Sold in August (Decreased by 5 condos from July).

Stuart FL 34997 Condo Market Report August 2018

      The Stuart FL condo market for zip code 34997 is still a very strong market, but the inventory of available condos has now shrunk to unprecedented low levels.  Surprisingly, both pending and closed sales remain quite strong considering the low inventory.

     The absorption rate rose to 3.0 months in August compared to 2.6 months for July.  Remaining as a strong seller’s market for 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 August 2017 numbers were: 44 active listings, 23 pending sales, and 17 closed sales.  Better sales activity last year but with greater inventory.

Stuart FL 34997 Condo Market Report August 2018

Stuart Florida Real Estate presented by:
Gabe Sanders

 

Stuart FL 34997 Condo Market Report August 2018

 

 

The River Club September 2018 Market Report

09.24.18 by

The River Club September 2018 Market Report

As of September 2018, there are two condos for sale in the River Club.  These condos are listed for $174,900 and $225,000.  This is an average list price of $199,500 or $186.52 per sq. ft. of living area.

There are no River Club condos currently under contract.

In the past 12 months, 7 condos have sold in the River Club.  Sales prices ranged from $160,000 up to $245,000.  This is an average sales price of $195,000 which works out to $176.49 per sq. ft. of living area.  These condos sold for an average of 97% of the last list price and went under contract in an average of 89 days.

About The River Club of Martin County:

The River Club of Martin County in Jensen Beach FL

The River Club of Martin County is a waterfront condo community that was built between the years of 1978 and 1980.  There are 15 buildings with 188 total condos all of which are 2 bedroom and 2 bathrooms.  These are all two-story buildings.  There are two different floor plans with 1,220 and 1,072 sq. ft., of living areas.  Four of these buildings enjoy beautiful wide waterfront views of the Saint Lucie River.  The River Club has a 50 slip marina that is run by a separate dock association.  In order to own a slip in the River Club, one must be a condo owner.  Tenants and owners do have the opportunity to rent slips should they be available for lease.

Entrance to the River Club

Great amenities include a clubhouse with game room and kitchen facilities, a community pool, fitness room, shuffleboard courts, workshop, and cable TV and internet access (including wi-fi) included in the condo fees.  The condo fees as of May 2018 are $326 a month.

Sunset from the River Club

All ages are welcome in the River Club but no pets are allowed.  Rentals are allowed with some restrictions as to duration and length of unit ownership.  No commercial vehicles or motorcycles are allowed, but pickup trucks with covers are permitted.

Community Pool of the River Club

The River Club is a great choice for those looking for an affordable condo community with deep water docks and fishing as well as a full complement of amenities.

fountain of the the River Club

>

Search here for any River Club condos for sale

The River Club September 2018 Market Report

The Meadows Palm City September 2018 Market Report

09.23.18 by

The Meadows Palm City September 2018 Market Report

There are currently 6 homes for sale in the Meadows in Palm City FL.  List prices range from $169,900 up to $299,000.  This is an average list price of $245,800 which equals $150.99per sq. ft. of living area.

There are currently 2 homes under contract in the Meadows.  These homes were listed for  $305,000 and $309,000.  This is an average list price of $307,000 which is $176.72 per sq. ft. of living area.  These homes averaged 22 days on market before going under contract.

In the past 12 months, there have been 28 sales in the Meadows.  Sales prices ranged from a low of $142,000 up to $400,000.  This is an average sales price of $260,593 or $158.11 per sq. ft. of living area.  These homes went under contract in an average of 27 days and sold for an average of 96% of their final list price.

About The Meadows Homes in Palm City Florida:

The Meadows at Martin Downs is a family friendly gated residential community very well situated in Palm City, Florida. There are 832 homes consisting of single-family homes, duplexes, 4 unit townhouses, and 4 unit patio homes. The Meadows community is divided into 6  distinct villages which are named: Greenwich, Lakemont, Mayflower, Brighton, Foxboro, and Ridgewood.

The Meadows is a guard gated community with round-the-clock security.  Residents of the meadows enjoy a large heated swimming pool, a tot pool, children’s playground adjacent to the pool, basketball, 3 lighted tennis courts, a horseshoe pit and 2 bocce courts.  Near the entrance of the Meadows, between the gatehouse and the fountain, is a 2200 square foot recreation center, known as The Meadows House, which also houses the administrative offices of The Meadows Homeowners Association.

The Meadows came into existence through the efforts of local developer Peter Cumming who submitted the plans for the community around 1988.  Shortly thereafter, Burg and DiVosta (soon to be just DiVosta) began developing the land in the area called Martin Downs for the soon to be constructed villages of The Meadows.

Divosta started construction on the site known as The Meadows in 1988 by building two structures from which to sell. One was a Single Family home (Hampton) in what is now known as Greenwich Village, and the other was a four-unit Town Homebuilding (Stamford) in what is now known as Lakemont Village. Both types of homes were started in The Meadows at about the same time in 1988.  DiVosta completed the Meadows in 1993 and turned the administration and running of the community to The Meadows Homeowners Association which runs the community through elected officers as well as a full-time support staff.

HOA fees in the meadows vary by the type of home, so please look at the listing details view when checking available Meadows homes for sale.  The Meadows is not age restricted and currently allows up to 2 large pets.  Rentals are also allowed with some restrictions.

Children currently attend the Bessey Creek Elementary School, the Hidden Oaks Middle School; and the Martin County High School.

Search for the Meadows Homes for Sale

The Meadows Palm City September 2018 Market Report

Banyan House Condos Stuart FL September 2018 Market Report

09.22.18 by

Banyan House Condos Stuart FL September 2018 Market Report

There are currently 2 condos for sale in the Banyan House condos in Stuart FL.  These two condos are listed for $189,000 and $198,500.  This is an average list price of $193,750 which is $141.43 per sq. ft. of living area.

There is one condo with a pending contract.  The list price was $208,000 or $151.82 per sq. ft. of living area.  This condo was on the market for 69 days prior to going under contract.

In the past 12 months, only 1 condo has sold in the Banyan House.  The sales price was $121,000 which equals $88.32 per sq. ft. of living area.  This condo was on the market for 4 days before going under contract and it sold for 101% above list price.

About the Banyan House Condos in Stuart FL:

Banyan House Condos in Stuart FL

Located on Saint Lucie Blvd in Stuart, FL, these condos are close to the Martin County Community Golf Club as well as the beaches and downtown Stuart.  This complex was completed in 1980 and consists of 64 2 bedroom, 2 bathroom condos on either the first or second floor of these 4 identical 2 story buildings.

Banyan House Condos in Stuart FL

The Banyan House complex residents enjoy a heated pool and 2 tennis courts and a clubhouse as their amenities.  All ages are welcome and up to 1 medium sized pet is also allowed.   Rentals are also allowed with some restrictions.  For 2018, the association fees are $427 per month.  These fees include basic cable TV, landscape service, building insurance and maintenance, water and sewer, trash pickup, reserves and management services.

Banyan House Condos in Stuart FL

Children living in Banyan House currently attend the JD Parker elementary school, Stuart middle school and the Jensen Beach high school.

Banyan House Condos in Stuart FL

These Banyan House condos are much sought after because of their excellent location as well as being such a well-run and well-managed community.  Condos tend to sell very quickly when they come on the market.  Those interested in a Banyan House condo should contact us and be set up on a new listing notifier for this Stuart community.

Search here for any current listings in the Banyan House Condo Complex.

Banyan House Condos Stuart FL September 2018 Market Report

Stuart FL 34997 Residential Market Report August 2018

09.21.18 by

Stuart FL 34997 Residential Market Report August 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for August 2018

For August 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 262 active listings (Increased by 4 homes from July).

Stuart FL 34997 Residential Market Report August 2018

137 Residential sales are pending and awaiting close or lender approval (Decreased by 27 homes from July).

Stuart FL 34997 Residential Market Report August 2018

88 Homes Sold in August (Increased by 8 homes from July)

Stuart FL 34997 Residential Market Report August 2018

      The Stuart Florida Residential Market for ZIP Code 34997 remains very active with strong sales.  Pending sales were off significantly this month.  This may result in some lower closed sales volume in the coming months. The inventory remained relatively steady for this month after numerous months of decreases in the number of available homes for sale.
     The absorption rate dropped slightly to 3.0 months (was 3.2 months for July).  Remaining as a very strong seller’s market for the 34997 zip code area of Stuart for August 2018.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
     The 2017 numbers for August, were: 291 active listings, 141 pending listings, and 86 closed sales.  Other than significantly lower inventory the closed and pending sales volume is quite similar to last year.
Stuart FL 34997 Residential Market Report August 2018

Are you interested in the value of your Stuart FL Home?
Click on this link and fill out the form for an accurate personal evaluation

Search here for 34997 Zip Code of Stuart FL real estate for sale

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

Stuart FL 34997 Residential Market Report August 2018

 

Stuart FL 34996 Condo Market Report August 2018

09.20.18 by

Stuart FL 34996 Condo Market Report August 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for August 2018

For August 2018 in the 34996 Zip Code area of Stuart, Florida :

There are currently 102 active condo listings (Down by 4 condos from last month).

Stuart FL 34996 Condo Market Report August 2018

37 Condo sales are pending and awaiting close or lender approval (Up by 12 condos from July).

Stuart FL 34996 Condo Market Report August 2018

16 Condos Sold in August (Down by 10 condos from July) 

Stuart FL 34996 Condo Market Report August 2018

The Stuart FL 34996 Condo Market of Stuart weakened somewhat for August.  Sales were down significantly.  There was an increase in pending sales which will hopefully mean an increase in closed sales in the near future.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 6.4 months from July’s 4.1 months.  Into a balanced market for this segment of Martin County condos.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for August 2017 were: 107 active listings, 39 pending sales, and 28 closed sales.  Considerably stronger activity last year when compared to this August.

Stuart FL 34996 Condo Market Report August 2018

Are you interested in the value of your Stuart FL Condo?
Click on this link and fill out the form for an accurate personal evaluation

Search Stuart FL Condos Here

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report August 2018

Galleon Bay September 2018 Market Report

09.20.18 by

Galleon Bay September 2018 Market Report

There is one home currently for sale in the Galleon Bay community of Hutchinson Island in Stuart FL.  The list price is $6,400,000 or $604.63 per sq. ft. of living area.

There are no homes under contract in the Galleon Bay community.

In the past 12 months, no homes have sold.  The last sale took place in July 2016 with a sales price of $1,965,000 which equaled $365.65 per sq. ft. of living area.  This home was on the market for 238 days before going under contract and sold for 87% of the last list price.  There are two new homes under construction at the present time.

About Galleon Bay on Hutchinson Island:

Galleon Bay on Hutchinson Island

Galleon Bay on Hutchinson Island is an exclusive gated oceanfront community just north of the Stuart Causeway.  Very well located close to shopping as well as easy access to downtown Stuart. There are only 15 possible residences in this exclusive upscale community.

Galleon Bay on Hutchinson Island

All the home sites in Galleon Bay are spacious and allow for stunning estate homes.  Lot sizes vary from just under 1 acre to over 1 and ¼ acres.  There are still vacant lots in Galleon Bay waiting for a home to be built.

Galleon Bay on Hutchinson Island

Of the current homes in Galleon Bay, the smallest is over 5,000 sq. ft. of living area with 4 bedrooms and 5 bathrooms and the largest has more than 10,000 sq. ft. with 6 bedrooms and 9 bathrooms.

Galleon Bay on Hutchinson Island

For those wanting to ultimate in privacy and luxury, yet still be close to all the wonderful amenities available to Martin County residents on the Treasure Coast of FL, Galleon Bay may be the perfect location for you.

Galleon Bay on Hutchinson Island

As of February 2018 the monthly HOA fees were $458.00

Check here for any possible homes for sale in Galleon Bay

Check here for any possible land for sale in Galleon Bay

Galleon Bay September 2018 Market Report

Stuart FL 34996 Residential Market Report August 2018

09.19.18 by

Stuart FL 34996 Residential Market Report August 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for August 2018

For August 2018 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 130 active listings (ncreased by 2 homes from July).

Stuart FL 34996 Residential Market Report August 2018

21 Residential sales are pending and awaiting close (Unchanged from July).

Stuart FL 34996 Residential Market Report August 2018

10 Homes Sold in August (Down by 15 homes from July).

Stuart FL 34996 Residential Market Report August 2018

The 34996 zip code area of the Stuart Florida seems to have hit a road bump for August.  Closed sales were off by a significant amount while the other metrics were mostly unchanged.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for August shot up to 13 months as compared to July’s 5.1 months.  Into a strong buyer’s market for the 34996 zip code area of Stuart FL but drifting towards a balanced market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for August 2017 were: 145 active listings, 14 pending sales, and 12 closed sales.  Even with a large drop in closed sales, activity is better this year.

Stuart FL 34996 Residential Market Report August 2018

Are you interested in the value of your Stuart FL Condo?
Click on this link and fill out the form for an accurate personal evaluation

 Search here for real estate in the 34996 Zip Code of Stuart FL

Stuart Florida Real Estate presented by:

Gabe Sanders – Stuart Florida Real Estate

Stuart FL 34996 Residential Market Report August 2018