Martin County Single Family Homes February 2018 Market Report

04.04.18 by

Martin County Single Family Homes February 2018 Market Report

The Martin County Single Family Homes February 2018 Market Report had weaker closed sales for the month but an increase in pending sales as compared to last February.  Closed sales were down by 8.6% (was up by 11.0% in January).  While new pending sales decreased by 11.1% as compared to February 2017 (Decreased by 22.0% in January).

Prices were mixed with the median sales price up by 5.7% from last year (down by 2.4% in January) while the average price decreased by 8.5% (was up by 1.2% last month).

The inventory of available single-family homes increased from last month by 3 homes to 1036 units for January,  this is  9.2% less than last February.  The current supply of homes is 5.1 months, for February of last year, it was a 5.8 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 February 2018 Market Report

Click here to view or download the full report:
Martin County Single Family Homes February 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 February 2018 Market Report

Hammock Creek March 2018 Market Report

04.04.18 by

Hammock Creek March 2018 Market Report

There are currently 7 homes actively listed in Hammock Creek in Palm City, Florida.  Prices range from $499,900 to $629,900.  The average list price works out to $557,386 which is $170.23 per square foot of living area.

There are 5 homes currently under contract awaiting closing.  The list prices range from $395,000 to $595,000 for an average list price is $472,200 which is equal to $177.80 per square foot of living area.  These homes averaged 51 days from list date to being under contract.

In the past 12 months, 34 homes have sold in Hammock Creek.  Sales prices ranged from $345,000 to $625,000 with an average sales price of $484,103 which works out to $159.25 per square foot of living area.  These homes went under contract in an average of 67 days and sold for an average of 96% of list price.

About Hammock Creek in Palm City FL:

Hammock Creek is a lovely gated upscale neighborhood consisting of three separate sections, The Sanctuary, The Preserve, and The Estates. The community is centered around the Hammock Creek Golf Course, a Jack Nicklaus designed course. Homes in Hammock Creek consist of one and two stories with square footage ranging from 2000 to over 5000 square feet and prices starting in the low 300’s.Most of the homes sit on generous lots with a view of either the lake, preserve, or golf course.

There are wide paver sidewalks ideal for families who enjoy biking, walking, and jogging. Close to fine shopping, nice restaurants, immediate access to I-95 and the turnpike, and A Rated Palm City schools make Hammock Creek one of Martin County’s premier neighborhoods.

Low HOA fees ranging from approximately $260 to $390 per month depending on which section one resides.

Depending on which section of Hammock Creek you are in HOA fees run from $285 to $485 per quarter.   The ‘A’ rated Martin County schools that children from Hammock Creek attend are the Palm City elementary, Hidden Oaks middle and Martin County high schools.

Here are the currently available homes in Hammock Creek March 2018 Market Report

For any questions you may have about Hammock Creek March 2018 Market Report, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Palm City Florida Real Estate
Residential Homes, Condos, and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Hammock Creek March 2018 Market Report

Florida Townhouses and Condos February 2018 Market Report

04.03.18 by

Florida Townhouses and Condos February 2018 Market Report

The Florida Townhouses and Condos February 2018 Market Report continued with stronger activity as compared to the previous year.  Closed sales were up by 6.4% as compared to last month’s increase of 5.9% and new sales under contract (new pending sales) increased by 1.6% (In January there was an 8.1% increase).

Prices also continued their upward march.  Median sales prices were up by 7.2% (was up by 11.7% in January), while the average sales price increased by 11.9% (was up 17.1% in January).

The inventory of active listings decreased by 3.0% from February of last year.  For February 2018 we have 6.0 months of inventory (was 5.9 months in January) and compared to 6.4 months for February 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 February 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 February 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 February 2018 Market Report

Beacon 21 Condo C-11 Under Contract

04.03.18 by

Beacon 21 Condo C-11 Under Contract

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 Single Family Homes February 2018 Market Report

04.02.18 by

Florida Single Family Homes February 2018 Market Report

The Florida Single Family Homes February 2018 Market Report showed a modest improvement in closed sales but weaker pending activity as compared to last year. Closed sales were up by 3.3% (were down by1.3% in January) and new sales under contract (new pending sales) were down by 1.0% (were up by 0.1% in January).

Prices though, continue with their upward march.  The median and average sales prices up by 9.6% and 7.4% respectively, compared to January’s 9.1% and 12.3%.

The inventory of available homes for sale fell by 4.6% from last year.  For February there was a 3.9 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (February of 2017 had a 4.2 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 February 2018 Market Report

Click here to view or download the full report:

Florida Single Family Homes February 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 February 2018 Market Report

Castle Hill Real Estate Market Report March 2018

04.02.18 by

Castle Hill Real Estate Market Report March 2018

There are 2 homes currently for sale in Castle Hill in Sewalls Point, FL.  These homes are listed for $832,000 and $1,250,000 for an average list price of $1,041,000 which works out to $269.50 per sq. ft. of living area.

There is 1 home currently under contract.  The list price was $625,000 or $212.87 per sq. ft. of living area.  This home was on the market for 210 days prior to going under contract.

In the past 12 months, 3 Castle Hill homes have sold. Sale prices ranged from $860,000 up to $910,000 for an average sales price of $880,000 or $217.41 per sq. ft. of living area.  These homes sold in an average of 130 days on market before going under contract and for 96% of the list price.

About Castle Hill in Sewalls Point FL:

Castle Hill is an exclusive enclave of 46 homes and lots in prestigious Sewalls Point in Stuart Florida.

This community sits in an unparalleled location only minutes from beaches and equidistant from both the Jensen Beach and Stuart causeways.  Close to marinas and launch facilities as well as shopping, restaurants, and schools.

Residents of Castle Hill enjoy the good life with low HOA fees (currently $285 per quarter) and a quiet family friendly neighborhood for year round Florida living.  Homes range from multi-million waterfront properties high on the deep Saint Lucie River to half an acre and larger dry home fronts with homes now starting in the high $400,000’s.

It’s an easy ride to either downtown Jensen Beach or downtown Stuart from Castle Hill.  Also, just about equidistant from the public beaches at Jensen and Stuart Beaches.  Only a minute or two to public boat ramps as well as the Olympic Sailing Center and the Indian Riverside Park.  Really a wonderful location which makes Castle Hill such a desired community to call home.

Castle Hill was established in the early 1990’s and remains one of the prime locations to call home on the Treasure Coast.

Children attend Martin County schools and currently are zoned for the Felix Williams elementary, Stuart middle and the Jensen Beach high schools.  These are some of the finest schools in the State of Florida.

Here are the currently available homes for sale in Castle Hill

Castle Hill Real Estate Market Report March 2018

Hobe Sound FL 33455 Condo Market Report February 2018

03.31.18 by

Hobe Sound FL 33455 Condo Market Report February 2018

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

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

There are currently 10 active condo listings. (Decreased by 2 condos from January)

Hobe Sound FL 33455 Condo Market Report February 2018

4 Condos are pending and awaiting close. (Down by 1 condo from January)

Hobe Sound FL 33455 Condo Market Report February 2018

1 Condos sold in February. (Decreased by 3 condos from January)

 Hobe Sound FL 33455 Condo Market Report February 2018

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory, pending sales and closed sales all decreased for February.

The absorption rate for Hobe Sound condos was 10.0 months for February as compared to 3.o months in January). 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 February 2017 numbers were: 13 active listings, 6 pending sales, and 2 closed sales.  Stronger activity last year for Hobe Sound condos.

Hobe Sound FL 33455 Condo Market Report February 2018

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

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report February 2018

Banyan House Condos Stuart FL March 2018 Market Report

03.31.18 by

Banyan House Condos Stuart FL March 2018 Market Report

There are currently 2 condos for sale in the Banyan House condos in Stuart FL.  These two condos are listed for $200,000 and $214,900 for an average list price of $207,450 which is $154.40 per sq. ft. of living area.

There are also no condos with a pending contract.

In the past 12 months, 4 condos have sold in the Banyan House.  Sales prices were from $145,000 up to $190,000 for an average sales price of $172,750 which equals $126.10 per sq. ft. of living area.  These condos averaged 12 days on market before going under contract and sold for an average of 97% of list price.

About the 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.

Banyan House Condos in Stuart FL

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

Banyan House Condos Stuart FL March 2018 Market Report

Hobe Sound FL 33455 Residential Market Report February 2018

03.30.18 by

Hobe Sound FL 33455 Residential Market Report February 2018

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

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

There are currently 207 active listings. (Increased by 14 homes from January)

Hobe Sound FL 33455 Residential Market Report February 2018

80 Residential sales are pending and awaiting close  (Up by 6 homes from January)

Hobe Sound FL 33455 Residential Market Report February 2018

41 Homes Sold in February (Up by 4 homes from last month)

Hobe Sound FL 33455 Residential Market Report February 2018

The Hobe Sound Florida Market Report ZIP Code 33455 continues with strong sales though a greater inventory of available homes for sale would be preferred.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 5.0 months ( It was 5.2 months in January).  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 February 2017 were:  233 active listings, 76 pending sales, and 50 closed sales.  Better closed sales volume last year but a greater number of pending sales for this February on all significantly lower number of available homes for sale.

Hobe Sound FL 33455 Residential Market Report February 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 February 2018

Jensen Beach FL 34957 Condo Market Report February 2018

03.29.18 by

Jensen Beach FL 34957 Condo Market Report February 2018

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

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

There are currently 112 active listings. (Decreased by 7 condos from January)

Jensen Beach FL 34957 Condo Market Report February 2018

46 Condo sales are pending and awaiting settlement. (Down by 1 condos from January)

Jensen Beach FL 34957 Condo Market Report February 2018

30 Condos Sold (Up by 15 condos from January)

Jensen Beach FL 34957 Condo Market Report February 2018

 The Jensen Beach FL 34957 Condo Market Report for February doubled the number of sales from last month.  A strong market continues in jensenbeach.

The one month absorption rate for the February 2018, Jensen Beach Florida Market Report ZIP Code 34957 rose to 3.7 months (from 7.9 months in January), back into a seller’s market after a short two months outside of this.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The February 2017 numbers were: 123 active listings, 59 pending sales and 16 condos closed.  Better closed sales volume for this year, but higher pending sales volume last February.

Jensen Beach FL 34957 Condo Market Report February 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

Gabe Sanders

Jensen Beach FL 34957 Condo Market Report February 2018

Islesworth in Palm City FL March 2018 Market Report

03.29.18 by

Islesworth in Palm City FL March 2018 Market Report

There are currently no homes for sale in Islesworth in Palm City, Florida.

There are also no homes currently under contract in Islesworth.

In the past 12 months, 12 homes have sold in Islesworth.  Sales prices ranged from $345,000 up to $444,000 with an average sales price of $397,458 which works out to $158.51 per square foot of living area. These homes averaged 66 days on the market prior to going under contract and sold for 97% of the listing price.

About Islesworth in Palm City FL

Islesworth Entrance

The Islesworth subdivision in Palm City is a very attractive neighborhood located in the heart of Palm City, FL in a non-gated community off of Route 714 (Martin Highway).  This was a Pulte community with 113 homes being built from 1996 through 1998.  Most homes are on spacious lots from just under to over ¼ acre sites.

Islesworth Lake 1Many homes enjoy serene water views as there are two smaller lakes in this community.  Both single and two story homes with the vast majority being 4 bedroom homes though there are a number of 5 bedroom homes as well as a few 3 bedroom homes.  The current HOA fees are a very reasonable $463.00 per quarter.  The fees include maintenance and insurance of the common areas, roads, reserve funds and basic cable TV.

Homes in Islesworth 3Islesworth is right next door to Hidden Oaks Middle School and only a short bike ride to Palm City Elementary School.  Children in Islesworth go to Martin County High School which is approximately 5 miles away.

Homes in Islesworth 6Close to grocery and other shopping as well as medical facilities and places of worship, Islesworth offers very easy access to most resident’s needs.  For those needing to commute, both Florida’s Turnpike and I-95 are both only a short distance away.


Islesworth Lake 3

Islesworth Playground

Here are the currently available homes in March 2018 Market Report for Islesworth in Palm City FL

 

For any questions you may have about March 2018 Market Report for Islesworth in Palm City FL, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Palm City Florida Real Estate
Residential Homes, Condos, and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Islesworth in Palm City FL March 2018 Market Report

Jensen Beach FL 34957 Residential Market Report February 2018

03.28.18 by

Jensen Beach FL 34957 Residential Market Report February 2018

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

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

 There are currently 193 active listings. (Unchanged from last month)

Jensen Beach FL 34957 Residential Market Report February 2018

74 Residential sales are pending and awaiting close or lender approval. (Up by 5 homes from January)

Jensen Beach FL 34957 Residential Market Report February 2018

40 Homes Sold (Increased by 16 homes from January)

Jensen Beach FL 34957 Residential Market Report February 2018

The Jensen Beach FL 34957 Residential Market came back strong for februaryafter a somewhat lackluster beginning to 2018.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 dropped to 4.8 months ( was 8.0 months in January).  Back into a seller’s market for Jensen Beach residential sales after a brief two months as a balanced and buyer’s market.   A 6 to 7-month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The February 2017 numbers were: 190 active listings, 96 pending sales, and 27 home sales closed.  Stronger sales volume this February but not quite as robust volume in the pending numbers.
Jensen Beach FL 34957 Residential Market Report February 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

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Rental Properties

Commercial Properties

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

Jensen Beach FL 34957 Residential Market Report February 2018

Palm City FL 34990 Condo Market Report February 2018

03.27.18 by

Palm City FL 34990 Condo Market Report February 2018

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

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

There are currently 103 active condo listings. (Increased by 1 condos from January)

   Palm City FL 34990 Condo Market Report February 2018

10 Condo sales are pending and awaiting close or lender approval. (Up by 1 condos from last month)

Palm City FL 34990 Condo Market Report February 2018

4 Condos Sold in February. (Down by 9 condos from January)

Palm City FL 34990 Condo Market Report February 2018

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For February closed sales were off from last month.  Inventory and pending sales showed incrementalimprovements.

The current absorption rate for condos in the 34990 zip code area shot up to 25.8 months (was 6.8 months in July).  A very strong buyers’ market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The February 2017 numbers were: 92 active listings, 11 pending sales, and 6 closed sales.  Slightly better activity last year even on a reduced number of condos available for sale (inventory).
Palm City FL 34990 Condo Market Report February 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 February 2018

Vista Pines March 2018 Market Report

03.27.18 by

Vista Pines March 2018 Market Report

For March 2018 there are 4 condos available for sale in Vista Pines.  List prices are from $63,500 up to $119,888 for an average list price of $97,322 or $99.60 per sq. ft. of living area.

There are  5 condos currently under contract and awaiting settlement.  List prices are from $51,900 up to $89,900 or an average of $75,820 which equals $90.53 per sq. ft. of living area.   These 5 condos averaged 43 days on the market before going under contract.

In the past 12 months, there have been 28 sales in Vista Pines.  Sales prices ranged from $47,500 up to $120,000
for an average sales price of $75,126 or $79.83 per sq. ft. of living area.  These sales averaged in at 97% of list price and only averaged 22 days on the market prior to going under contract.

About Vista Pines in Stuart FL:

Vista Pines Condos in Stuart FL

 

The Vista Pines condominium complex consists of over 517 condos very conveniently located on SE Ocean Blvd. just in between the downtown Stuart area and the beaches of Hutchinson Island.  Also, close to restaurants, grocery stores and medical facilities that are within walking distance for many.

Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

Vista Pines condos were first built in 1970 and the last one was completed in 1973.   All the buildings are two story and contain both 2 Bedroom, 2 Bath and 1 Bedroom 1 Bath units.  Sizes range from 1,089 sq. ft. of living space down to 679 sq. ft. 1 bedroom units.  Buildings are situated to maximize privacy and for serene views of green space.

Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

There’s an active clubhouse with a large swimming pool as well as shuffleboard courts.  No pets are permitted in Vista Pines and this is an age restricted (55+) community.  The HOA fees as of August 2014 were from the low $200’s for a 1 Bedroom unit to just over $300 per month for 2 Bedroom condos.

Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL Vista Pines Condos in Stuart FL

Search for currently available condos in Vista Pines

Vista Pines March 2018 Market Report

Palm City FL 34990 Residential Market Report February 2018

03.26.18 by

Palm City FL 34990 Residential Market Report February 2018

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

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

 There are currently 415 active listings (Decreased by 1 homes from January)

Palm City FL 34990 Residential Market Report February 2018

144 Residential sales are pending and awaiting close or lender approval. (Up by 31 homes from last month)

Palm City FL 34990 Residential Market Report February 2018

55 Homes Sold in January (Down by 7 homes from January)

Palm City FL 34990 Residential Market Report February 2018

The Palm City FL, zip code 34990 residential real estate market rebounded some from a slow January.  The large increase in pending sales this month should translate into greater closed sales numbers in the coming months.
The monthly absorption rate decreased to 7.5 months from 8.7 months in January.  Remaining in a buyer’s market for the Palm City zip code 34990 area for residential sales, though trending back towards a balanced market.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The February 2017 numbers were:  445 active listings, 135 pending sales, and 56 closed sales.  Better pending activity this year and similar closed sales on a reduced number of available Palm City homes for sale.

Palm City FL 34990 Residential Market Report February 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 February 2018

Emerald Lakes Stuart FL March 2018 Market Report

03.26.18 by

Emerald Lakes Stuart FL March 2018 Market Report

For March 2018 there are 6 homes for sale in Emerald Lakes in Stuart FL.  Listing prices range from $148,000 up to $269,998 for an average list price of $199,233 which equates to $144.42 per sq. ft.

There are currently 5 homes under contract.  List prices are from $145,000 up to $230,000 for an average of $172,560 which equals $130.47 per sq. ft. of living area.  These homes averaged 12 days on the market before going under contract.

In the past 12 months, there have been 41 sales in Emerald Lakes.  Sales prices ranged from $118,000 up to $285,000 for an average of $181,617 or $123.56 per sq. ft. of living space.  These sales prices averaged 96% of list price and were on the market for an average of 42 days before going under contract.

About Emerald Lakes in Stuart FL:

Emerald Lakes in Stuart FL

The community of Emerald Lakes lies n the Port Salerno area of Stuart, Florida and consists of 400 2 and 3 bedroom townhomes and 130 single family villas.  The townhomes and villas are governed by two separate homeowners association yet share many of the same amenities.

Emerald Lakes Town Homes and Villas in Stuart FLEmerald Lakes Town Homes and Villas in Stuart FL

Spread out over 100 acres of beautiful Florida landscape, with 3 ‘Emerald Lakes’, miles of walking paths, 7 tennis courts, 3 heated pools and two clubhouses.  Very conveniently located within walking distance of a Publix Grocery store, Beall’s, Walgreens, Banks, Gold’s Gym, etc.

Emerald Lakes Town Homes and Villas in Stuart FL Emerald Lakes Town Homes and Villas in Stuart FL

Just a few miles away are numerous Golf Courses, Martin County’s famous waterways, marinas and beaches and also within minutes of I-95 for easy access to locations both north and south.  Fort Lauderdale is only a little over an hour to the south and Disney World is just over 2 hours to the north.  A perfect location!

Emerald Lakes Town Homes and Villas in Stuart FL

Residents of Emerald lakes enjoy the good life with low HOA fees and an excellent management staff for both Home Owners’ Associations.

Currently Available Homes and Town Homes in Emerald Lakes

Emerald Lakes Stuart FL March 2018 Market Report

 

Westwood Country Estates Palm City March 2018 Market Report

03.25.18 by

Westwood Country Estates Palm City March 2018 Market Report

As of March 2018, there are 3 homes on the market in Westwood Country Estates in Palm City, FL.  The list prices range from $495,000 up to $649,900 for an average list price of $591,300 which equals $180.10 per sq. ft. of living area.

There are no homes currently under contract (pending sales)

There have been 2 homes sold in the past 12 months in Westwood Country Estates.  Sales prices were $330,000 and $455,000 for an average sales price of $392,500 which was $169.18 per sq. ft. of living area.  These sales averaged 95% of the list price and went under contract in an average of 29 days on market.

About Westwood Country Estates in Palm City Florida:

Westwood Country Estates is a wide open, gorgeous community that features statuesque homes that are beautifully placed on oversized lots of 1/2 acre or more, that will give you and your family plenty of room to grow!  Wonderfully landscaped throughout, Westwood Country Estates will make you feel proud to come home to.  Every home is unique and there is sure to be one you will fall in love with!

There are only 77 homes in Westwood Country Estates in Palm City Florida.  Homeowner association fees are a very reasonable $375 per year.

Palm City is a great place to raise a family with its “A” rated schools and proximity to I-95 and Florida’s Turnpike which opens you to all the opportunities of both Martin County and it’s neighbors, just a short drive North or South!  Martin County has lots of recreational areas and opportunities to enjoy many opportunities outdoors with your family!

Westwood Country Estates Homes for Sale

Westwood Country Estates Palm City March 2018 Market Report

Stuart FL 34994 Condo Market Report February 2018

03.24.18 by

Stuart FL 34994 Condo Market Report February 2018 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for February 2018

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

There are currently 125 active condo listings (Up by 12 condos from January).

Stuart FL 34994 Condo Market Report February 2018

55 Condo sales are pending and awaiting close or lender approval. (Increased by 4 condos from last month) 

Stuart FL 34994 Condo Market Report February 2018

28 Condos Sold in January (Increased by 9 condos from January).

Stuart FL 34994 Condo Market Report February 2018

The Stuart FL 34994 Condo market continues to show positive resilts. Sales and pending sales both increased as well as the inventory of available condos for sale.

The absorption rate for January dropped to 4.5 months compared to last month’s 5.9.  Firmly back into a seller’s market for this condo segment of Stuart’s 34994 zip code area after one month of a seller’s market.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last February the numbers were 101 active listings, 28 pending sales, and 23 closed sales.  Stronger activity this year along with an increased inventory of condos available to purchase.

Stuart FL 34994 Condo Market Report February 2018

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Stuart FL 34994 Condo Market Report February 2018 

 

Bayview Condos Indian River Plantation March 2018 Market Report

03.24.18 by

Bayview Condos Indian River Plantation March 2018 Market Report

For March 2018, there are 4 condos for sale in Bayview.  These condos are listed from $397,000 up to $695,000 for an average list price of $482,450 or $315.74 per sq. ft. of living area.

There are 2 condos under contract and awaiting settlement.  The list prices were $445,000 and $675,000 for an average list price of $560,000 which works out to $319.65 per sq. ft. of living area.  These condos averaged 23 days on market before going under contract.

In the past 12 months, 8 condos have sold in Bayview with sales prices ranging from $328,000 to $555,000.  The average sales price was $415,750 which equals a $288.90 price per sq. ft. of living area.  Sales averaged a 96% list to sales price ratio with these condos staying on the market for an average of 51 days prior to accepting the last offer.

About Bayview Condos in Indian River Plantation on Hutchinson Island:

Bayview in Indian River Plantation

Bayview in Indian River Plantation is one of the newer condominium complexes on Hutchinson Island in Stuart Florida.  Bayview is a gated sub-complex of the Indian River Plantation Marriott Resort and consists of 4 semi-circular buildings totaling 129 3 bedroom, 3 bathroom and 2 bedroom, 2 bathroom condos.  Living space ranges from 2,105 sq. ft. to 1,204 sq. ft.

 Bayview Condos in Indian River PlantationBayview Condos in Indian River Plantation

Most units have sweeping views of the Intracoastal Waterway also known as the Indian River.   Great location only minutes away from the Saint Lucie Inlet.  For boaters, there’s a full-service Marina located on the grounds of the Indian River Plantation with slips available for lease.

Bayview Condos in Indian River Plantation Bayview Condos in Indian River Plantation

Bayview has a private heated pool and spa overlooking a lake as well as lovely manicured grounds for picnics or just a stroll by the water.  There’s also covered parking for all residents.

Bayview Condos in Indian River Plantation

Unit owners have the option of joining the Marriott Beach Club which allows access to an 18 hole golf course, another community pool and fitness center, professional tennis club and courts as well as access to a private beach resort on the shores of the Atlantic Ocean.

Association fees were in the neighborhood of $380 to $400 per month as of March 2018.  Fees include the use of all Bayview facilities as well as exterior maintenance and upkeep and insurance.  Water, Sewer and basic cable TV service are also included.

Additional Indian River Plantation Condos you may wish to consider: 
Beachwalk – Dunes Club – Fairway Villas – Inlet Village – Lakeside – Ocean House – Ocean Terrace – Plantation Club Villas – Plantation House – Resort Villas – River Village – Riverbend – Riverwood – Tennis Villas

Bayview Condos Indian River Plantation March 2018 Market Report

Stuart Florida 34994 Residential Market Report February 2018

03.23.18 by

Stuart Florida 34994 Residential Market Report February 2018

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

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

There are currently 81 active listings (Down by 5 homes from January)

Stuart Florida 34994 Residential Market Report February 2018

41 Residential sales are pending and awaiting close or lender approval (Increased by 3 homes from last month).

Stuart Florida 34994 Residential Market Report February 2018

13 Homes Sold in January (Increased by 2 homes from January)

Stuart Florida 34994 Residential Market Report February 2018

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida has gained inventory for two months in arow unlike most areas in Martin County.  Both sales and pending sales also increased.

The one-month absorption rate for the 34994 zip code for January dipped to 6.2 months from 7.8 months for January.  Returning to a balanced 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 February 2017 numbers were 68 Active Listings, 25 pending sales, and 10 closed sales.  One of the few areas of Martin County with increased inventory from last year along with better sales volume.

Stuart Florida 34994 Residential Market Report February 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 Stuart Florida Real Estate for Sale

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

 

Stuart, FL Real Estate

Business Opportunity Properties

Commercial Properties

Land Properties

Rental Properties

Residential Properties

Residential Income Properties

Stuart Florida 34994 Residential Real Estate Market Report February 2018