Florida Single Family Homes June 2017 Market Detail

07.27.17 by

Florida Single Family Homes June 2017 Market Detail

The Florida Single Family Homes Market Detail for June 2017 continues to improve as compared to last June.  Closed sales were up by 4.3% (were up by 7.6% in May) and new sales under contract (new pending sales) were up by 2.2% (were up by 5.0% in May).

Both the median and average sales prices continued to rise when compared to last year.  Up by 8.9% and 7.3% respectively, compared to May’s 7.7% and 8.3%.

The inventory of available homes for sale fell by 3.1% from last year.  For June there was a 3.9 months supply of inventory as Florida remains in a sellers’ market with the advantage for sellers. (June of 2016 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 is once again decreasing which continues to put pressure on rising prices and sales.

June 2017 Florida Single Family Homes Market Report

Click here to view or download the full report:

Florida Single Family Homes June 2017 Market Detail

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 June 2017 Market Detail

Mystic Cove Real Estate Market Report for July 2017

07.27.17 by

Mystic Cove Real Estate Market Report for July 2017

As of July 2017, there are 2 homes on the market in the Mystic Cove community of Hobe Sound FL with list prices of $503,000 and $599,900 for an average list price of $551,450 which equals $225.51 per square foot of living area.

There is 1 home under contract (pending) awaiting their closing. This home was listed for $479,000 which is $194.16 per square foot of living area. This home was on the market for 208 days prior to going under contract.

In the past 12 months, 1 home has sold.  This home sold for $638,000 which is $208.84 per square foot of living area. This home was on the market for 57 days prior to going under contract and sold for 97% of list price.

About Mystic Cove in Hobe Sound:

Mystic Cove

Mystic Cove in Hobe Sound is a gated community of only 35 lots.  As of this writing, there are still 2 vacant lots which have yet to be built upon.  This is a waterfront community on the Intracoastal Waterways and just on the east side of Gomez Ave about a half mile north of Bridge Road (which accesses Jupiter Island and the shores of the crystal clear waters of the Atlantic Ocean.

Mystic Cove Mystic Cove

Mystic Cove has 16 deeded docks to owners within the community that are accessible via a boardwalk through the mango preserve area.  These docks may have lifts with electricity and water available.  Access to the Ocean is either through the Saint Lucie Inlet in Stuart or the Jupiter Inlet in Jupiter.

The homes in Mystic Cove were built from 1989 to 2008 and range in size from just under 2,000 sq. ft. of living area with 3 bedrooms and 2 bathrooms up to over 3,500 sq. ft. and 4 bedrooms and 4 bathrooms.  All of these lots are over one-quarter of an acre with the largest lots just over one-third of an acre.

Mystic Cove Mystic Cove

HOA fees as of June 2017 are $117.00 a month for homes without docks and $166.00 for homes with docks.

Children in Mystic Cove are zoned to attend the Hobe Sound Elementary School, Murray Middle School and the South Fork High School.

Click on this link to see available homes for sale in Mystic Cove

For a complete list of available homes that include non-Martin County MLS listings please email or call Gabe Sanders at 772-888-2885

Egret Pond July 2017 Real Estate Market Report

07.26.17 by

Egret Pond July 2017 Real Estate Market Report

As of July 2017, there are 2 homes on the market in Egret Pond community of the Martin Downs Country Club of Palm City FL with list prices of $215,000 and $234,900 for an average list price of $224,950 which equals $157.17 per square foot of living area.

There is 1 home under contract (pending) awaiting their closing. This home was listed for $239,500 which is $139.08 per square foot of living area. This home was on the market for 59 days prior to going under contract.

In the past 12 months, 10 homes have sold.  Sales prices ranged from $130,000 to $252,000 for an average sales price of $195,520 which equals $123.70 per square foot of living area.  The average days on market for these sales was 74 days and the average list to sales price was at 100%.

About Egret Pond in Martin Downs:

Egret Pond in Martin Downs

The Egret Pond community is a section of the Martin Downs Country Club of Palm City with 86 homes that were built in 1984 and 1985.  These homes range in size from 2 bedroom, 2 bathroom and 1 car garage homes with just over 1,300 sq. ft. of living area up to 3 bedroom, 2 bathroom and 1 car garage with a little over 1,700 sq. ft. of livable space under AC.

Egret Pond in Martin Downs Egret Pond in Martin Downs

These are all concrete block construction homes with flat cement tile roofs.  The HOA fees are $240 per month which includes landscaping and lawn maintenance, basic cable TV, a reserve fund for the common areas, exterior painting and security. Martin Downs is a guard gated community with roving security patrols as needed.

Egret Pond in Martin Downs Egret Pond in Martin Downs

All ages and pets are welcome in Egret Pond.  Children are currently zoned to attend the Crystal Lake Elementary, Hidden Oaks Middle, and Martin County High Schools.

Egret Pond in Martin Downs Egret Pond in Martin Downs

Also, very conveniently located close to Florida’s Turnpike for those looking to travel to parts north or south.  Egret Pond is a very affordable and excellent choice for those looking for a home within the Palm City area of Martin County.

http://realestate.gabesanders.com/i/egret-pond-in-martin-downs

Egret Pond July 2017 Real Estate Market Report

Hobe Sound FL 33455 Condo Market Report June 2017

07.26.17 by

Hobe Sound FL 33455 Condo Market Report June 2017

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for June 2017

 

For June 2017 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 15 active condo listings. (Decreased by 1 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2017

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

Hobe Sound FL 33455 Condo Market Report June 2017

3 Condos sold in June. (Increased by 1 condos from May)

 Hobe Sound FL 33455 Condo Market Report June 2017

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Activity remains good, though with such low numbers, it’s dificult to follow any trends.

The absorption rate for Hobe Sound condos decreased to 5 months for June (was 8 months in May).  Back into a sellers’ market for Hobe Sound condos. 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 on 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 June 2016 numbers were: 4 active listings, 6 pending sales and 3 closed sales.  Similar activity this year while the inventory has more thantripled.

Hobe Sound FL 33455 Condo Market Report June 2017

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report June 2017

Hobe Sound FL 33455 Residential Market Report June 2017

07.25.17 by

Hobe Sound FL 33455 Residential Market Report June 2017

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for June 2017

  For June 2017 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 178 active listings. (Unchanged from May)

Hobe Sound FL 33455 Residential Market Report June 2017

69 Residential sales are pending and awaiting close  (Up by 3 homes from May)

Hobe Sound FL 33455 Residential Market Report June 2017

53 Homes Sold in June (Down by 11 homes from last month)

Hobe Sound FL 33455 Residential Market Report June 2017

The Hobe Sound Florida Market Report ZIP Code 33455 remains a strong market, though inventory is getting lower once again and pending sales are down as well.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 3.4 months (2.8 months in May).  Still in a strong sellers’ 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 June 2016 were:  193 active listings, 100 pending sales, and 54 closed sales. Similar closed sales with less inventory for this year, but there’s a troubling decrease of pending sales.

Hobe Sound FL 33455 Residential Market Report June 2017

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 June 2017

Schooner Oaks July 2017 Real Estate Market Report

07.25.17 by

Schooner Oaks July 2017 Real Estate Market Report

For July 2017 there are 2 homes for sale in Schooner Oaks in Stuart, FL.  These homes are listed for sale with prices of $245,0000 and $249,900 for an average list price of $247,450 or $118.12 per sq. ft. of living area.

There is 1 home currently under contract.  It was listed for $199,999 which is $142.86 per sq. ft. of living area.  This home was on the market for 3 days before going under contract.

In the past 12 months, only 5 homes have sold.  These homes sold for a low price of $200,000 to a high price of $547,500 for an average sold price of $299,000 which equals $139.88 per sq. ft. of living area. These homes went under contract in an average of 51 days and sold for 96% of list price.

About Schooner Oaks in Rocky Point:

Schooner Oaks in Rocky Point

The Schooner Oaks community of Rocky Point in Stuart FL is a townhouse style complex under condo association rules.  There are 86 units of varying sizes that were built from 1985 till 1997.

Schooner Oaks in Rocky Point Schooner Oaks in Rocky Point

These townhouses vary from the largest one with 4 bedrooms and 4 bathrooms and 2,140 sq. ft. of living area down to 2 bedroom, 2 bath condos with around 1,400 sq. ft. of living area.  Most units come with an attached single car garage.

Schooner Oaks in Rocky Point Schooner Oaks in Rocky Point

Residents enjoy the use of a clubhouse with billiards, fitness room, heated pool, spa and tennis courts.  There’s a waterfront gazebo with a day dock and fishing pier off the Intracoastal water way with views toward the Saint Lucie Inlet of the Atlantic Ocean.

Schooner Oaks in Rocky Point Schooner Oaks in Rocky Point

This is a pet friendly community allowing for up to two large pets.   Rentals are also allowed and there are some vehicle restrictions. The current HOA fees are $570 per month.  These fees cover Assessment Fee, Cable, Common Areas, Fire/Liability Insur, Grounds / Plants, Insurance-Bldg, Insurance-Other, Janitor, Lawn Care, Legal/Accounting, Maintenance – Repair, Maintenance Exterior, Management Fees, Manager, Pest Control, Pool Service, Reserve Funds, Roof Maintenance and Trash Removal.

Search here for any available Schooner Oaks Condos for sale

Schooner Oaks July 2017 Real Estate Market Report

Jensen Beach FL 34957 Condo Market Report June 2017

07.24.17 by

Jensen Beach FL 34957 Condo Market Report June 2017

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for June 2017

 

For June 2017 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County):



There are currently 105 active listings. (Decreased by 17 condos from May)

Jensen Beach FL 34957 Condo Market Report June 2017

44 Condo sales are pending and awaiting settlement. (Unchanged from May)

31 Condos Sold (Up by 3 condos from May)

 The Jensen Beach FL 34957 Condo Market Report for June shows a continuing active market though the inventory continues to decline makingfewer available condos available to purchase.

The one month absorption rate for the June 2017, Jensen Beach Florida Market Report ZIP Code 34957 decreased to 3.4 months (from 4.4 months in May), a stronger seller’s market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The June 2016 numbers were: 22 active listings, 14 pending sales and 3 condos closed.  We had a change in reporting data collection methods and are now including all condos in the 34957 zip code which increases the sampling data base, so the comparisons from last year are not valid at present.

Jensen Beach Florida Real Estate presented by:
Gabe Sanders

Gabe Sanders

Jensen Beach FL 34957 Condo Market Report June 2017

Legacy Cove Lakefront Pool Home Sold

07.24.17 by

Legacy Cove Lakefront Pool Home Sold

1256 SE Illusion Isle Way in the Legacy Cove community of Stuart FL has been sold by Gabe Sanders – Stuart FL real estate, representing the buyer.

Legacy Cove Lakefront Pool Home

A lovely lakefront, 3 bedroom plus den/office/4th bedroom on cul de sac is a tropical jewel w oversized heated pool & spa, covered porch & southeasterly exposure for balmy breezes on an extended fenced patio. Popular Caracus model w open floor plan w formal dining & living rooms. Gourmet kitchen w breakfast bar & morning room opens to a large family room w double sliders to custom pool, spa & patio. Pantry, pullouts, granite, 42 ” cabinets w pullouts, double ovens, 5 burner counter top range, for easy Florida living & entertaining. Light and bright lakefront views, high flat ceilings, columns, diagonal tile t/out & high-level laminate. Spacious master suite with a roomy walk in closet, l has French door to patio/pool & spa. Luxury bath suite w Roman tub, separate walk in glass shower, double vanities. 3 way split bedroom plan.

Legacy Cove Lakefront Pool Home Legacy Cove Lakefront Pool Home

Quiet cul d sac street w curbs and sidewalks, and only a short walk to the large community center with pool, library, basketball, tennis & clubhouse for the entire community or book for your private events. Gated community with all newer homes near downtown historic Stuart, ocean beaches, golf, hospitals, & I95, is mid-way to 2 regional Malls. Almost all appliances are new. This is a true “Florida Dream Home”.

Legacy Cove Lakefront Pool Home

Legacy Cove Lakefront Pool Home Legacy Cove Lakefront Pool Home

About Legacy Cove:

Search here for Legacy Cove Homes for Sale

Legacy Cove in Stuart Florida is a gated lakeside community of 229 homes off of Cove Road in Stuart, Florida.  Legacy Cove consists of two sections. The first section of 142 homes called the Cove Isle development was mostly completed between 2004 and 2005.  The newer section, called the Cove Lakes development consists of 87 home sites with construction that began in 2007.  Some homes are yet to be completed in Cove lakes.

There’s a wide variety of homes in Legacy Cove, ranging from the smallest, a 3 bedroom, 2 bathroom, 2 car garage with a little under 1,600 square feet of living area to  4, possible 5 bedroom, 3 and a 1/2 bathroom, 3 car garage two story homes with almost 4,000 square feet of living area.  And many sizes in between.

Legacy Cove boasts a community pool and club house with a fitness center as well as two hard surfaced tennis courts.  Many homes in Legacy Cove in Stuart Florida have serene lake views and a comfortable private feeling.  Located just minutes from I-95, this is a great location for those wishing to take advantage of Martin County’s amenities while still having an easy commute to work either north or south.

Legacy Cove is in an ‘A’ Martin County school system with children currently attending Pinewood elementary school, Dr. David L Anderson middle school, and Martin County high school.

The HOA fees are very reasonable at $233.00 per month (as of January 2017).  These fees include Cable, Common R.E. Tax, Lawn Care and Management Fees.  Management of the community is through First Service Residential.

Residents of Legacy Cove in Stuart Florida enjoy a relaxing life style with easy access to restaurants, shopping and the many waterways, beaches and public parks that Martin County has to offer.

Search here for Legacy Cove Homes for Sale

Legacy Cove Lakefront Pool Home Sold

Canoe Creek Real Estate Market Report July 2017

07.23.17 by

Canoe Creek Real Estate Market Report July 2017

For July 2017 there are 3 homes for sale in Canoe Creek in Palm City.  These homes are listed for sale with prices from $389,000 up to $599,000 for an average list price of $487,633 or $160.35 per sq. ft. of living area.

There are 2 homes currently under contract in Canoe Creek in Palm City.  List prices were 359,500 and $409,888 for an average list price of $384,694 or $159.94 per sq. ft. of living area.  These homes averaged 34 days on the market before going under contract.

In the past 12 months, only 1 home has sold in Canoe Creek.  This home sold for $450,000 which is $109.12 per sq. ft. of living area.  This home went under contract within 1 day and sold for full list price.

About Canoe Creek Real Estate in Palm City:

Search for Canoe Creek Homes for Sale

Canoe Creek in Palm City is a wonderful family community filled with just a little over 100 captivating homes that have plenty of room for your family to grow. Each home has a spacious yard with beautiful manicured Florida foliage that creates a tranquil backdrop. Lot sizes in Canoe Creek begin at 1/2 acre with a few lots of up to just over an acre.  Home sizes range from over 4,000 sq. ft. of living area with 5 bedrooms, 5 bathrooms and 3 car garages down to more modest 3 bedroom, 2 bathroom homes of under 2,000 sq. ft. of living area.  Homes in Canoe Creek had numerous builders and were completed between the years of 1980 and 1995.

The neighborhood is approximately 25 minutes from gorgeous stretches of beaches in Stuart. Canoe Creek is close to great ‘A’ rated schools, recreation, and the exciting and beautiful Downtown Stuart while still close to I-95 and Florida’s Turnpike for those needing to commute or wishing to travel either north or south.

Low HOA fees of $150 per quarter make this an easily affordable community in a subdivision that offers privacy with room to spare between homes with individual mostly custom designed and built homes at an affordable price.

Search for Canoe Creek Homes for Sale

Canoe Creek Real Estate Market Report July 2017

Summerfield Real Estate Market Report July 2017

07.22.17 by

Summerfield Real Estate Market Report July 2017

As of July 2017, there are 4 homes on the market in Summerfield ranging in listing price from $317,500 up to $362,000 for an average list price of $343,563 which equals $178.29 per square foot of living area.

There are 4 homes under contract (pending) awaiting their closing. Listing prices are from $299,900 up to $379,990 for an average list price of $338,095 which equates to $163.82 per square foot of living area. These homes averaged 74 days on the market prior to receiving an accepted offer.

In the past 12 months, 34 homes have sold.  Sales prices ranged from $296,000 to $395,000 for an average sales price of $352,545 which equals $176.71 per square foot of living area.  The average days on market for these sales was 56 days and the average list to sales price was at 97%.

About Summerfield Home of the Champions Golf Club:

Summerfield

Summerfield is located on over 275 acres and hosts a little over 500 single family homes adjoining the Champions Golf Course.  Selected as one of the top 10 Golf Courses he nation by Golf Magazine in 1995, it is the first public golf course awarded the Audubon Signature Sanctuary Statuary because of its natural beauty.  This Tom Fazio designed course is open to the public with very reasonable membership fees.  Visit the Champions Course web site for more information at http://www.thechampionsgolfclub.com/

the Champions Club at Summerfield

The residential section is known as Summerfield and is a secured gated community with homes ranging in size from smaller 2 bedroom coach homes of around 1500 square feet up to 5 bedroom estate homes boasting over 3,000 square feet of living area.

Summerfield

Summerfield boasts an exceptionally large community pool and clubhouse with dining and entertainment facilities, fitness center and a professional 6 court Tennis club.  All of these amenities available at very reasonable HOA fees, along with the convenience of on-site manager to handle any issues that may arise.

the Champions Club at Summerfield

Very conveniently located near US-1 and Cove Rd, residents can enjoy close proximity to shopping, medical facilities with downtown Stuart only minutes away and only 30 minutes to the palm Beaches.  Easy access to I-95 where travel to Orlando or Miami is only 2 hours by car.

Summerfield

The following homes are currently available for sale in Summerfield:

Summerfield Homes for Sale

Stuart Florida Real Estate

Summerfield Real Estate Market Report July 2017

Jensen Beach FL 34957 Residential Market Report June 2017

07.21.17 by

Jensen Beach FL 34957 Residential Market Report June 2017

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for June 2017

 For June 2017 in the 34957 Zip Code area of Jensen Beach, Florida:

 There are currently 176 active listings. (Down by 2 homes from last month)

Jensen Beach FL 34957 Residential Market Report June 2017

58 Residential sales are pending and awaiting close or lender approval. (Down by 19 homes from May)

Jensen Beach FL 34957 Residential Market Report June 2017

47 Homes Sold (No change from May)

Jensen Beach FL 34957 Residential Market Report June 2017

The Jensen Beach FL 34957 Residential Market continues to show strong activity with strong sales volume.  A second month in a row with a sizeable drop in pending sales.  The inventory is also fairly large when compared to last summer.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 dipped slightly to 3.7 months ( was 3.8 months in May).  Remaining in a strong seller’s market for June.   A 6 to 7-month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The June 2016 numbers were: 99 active listings, 70 pending sales, and 37 home sales closed.  Better closed activity this year, but also a much higher inventory and lwer pending sales.
Jensen Beach FL 34957 Residential Market Report June 2017

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 June 2017

Rio Vista in Sewalls Point July 2017 Market Report

07.21.17 by

Rio Vista in Sewalls Point July 2017 Market Report

As of July 2017, there are 5 Rio Vista homes for sale in Sewalls Point.  List prices range from $419,000 up to $799,000 for an average list price of $580,600 which works out to $238.95 per sq. ft. of living area.

There are 3 homes under contract awaiting the completion of their sales.  List prices ranged from $429,000 to $1,295,000 for an average list price of  $927,667 or $293.82 per sq. ft of living area.  These homes averaged 89 days on the market before going under contract.

In the past 12 months, 5 homes have sold in Rio Vista with sales prices ranging from $360,000 up to $675,000 for an average sales price of $577,000 which equals $268.03 per square foot of living area.  The average days on market was only 13 days with a 97% list to sales price ratio.

About Rio Vista in Sewalls Point:

Rio Vista in Sewalls Point

The Rio Vista subdivision of South Sewalls Point spans the mid portion of the South Sewalls Point peninsula from the Indian to the Saint Lucie River.  Starting out at a low elevation on the east up to the higher bluffs of the Saint Lucie River with waterfront homes on both sides and non-waterfront homes in between.  Rio Vista includes those 106 homes and lots that are located on Rio Vista Dr, Lantana Lane, S. Sewalls Point Rd and S River Rd.

Rio Vista in Sewalls Point Rio Vista in Sewalls Point

Homes in Rio Vista were built from 1975 to some newer construction with one just being finished in 2015.  Home sizes range from a low of around 1,500 sq. ft. with either 2 or 3 bedrooms and 2 baths all the way to a 15,000 sq. ft. mansion with 8 bedrooms and 15 bathrooms.

Rio Vista in Sewalls Point Rio Vista in Sewalls Point

The Rio Vista subdivision is part of the town of Sewalls Point and there are no specific amenities or fees that are unique to this portion of Sewalls Point.  The Rio Vista portion of Sewalls Point is a very desirable area in Martin County and remains in great demand for its location, amenities and life style possibilities.

There are no HOA fees in the Rio Vista neighborhood of Sewalls Point as it is within the town city limits.

Click here to search for any Rio Vista homes for Sale in Sewalls Point

Click here for all Sewalls Point homes for Sale

Rio Vista in Sewalls Point July 2017 Market Report

Palm City FL 34990 Condo Market Report June 2017

07.20.17 by

Palm City FL 34990 Condo Market Report June 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for June 2017

For June 2017 in the 34990 Zip Code area of Palm City, Florida :



There are currently 75 active condo listings. (Decreased by 1 condos from May)

   Palm City FL 34990 Condo Market Report June 2017

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

Palm City FL 34990 Condo Market Report June 2017

6 Condos Sold in June. (Up by 2 condos from May)

Palm City FL 34990 Condo Market Report June 2017

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Market activity remains pretty slow for Palm City condos and remains a difficult market for sellers.  (Though a good part of this difficulty comes from two equity golf club communities.)

The current absorption rate for condos in the 34990 zip code area jumped to 12.5 months (was 19 months in May).  A strong buyers’ market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The June 2016 numbers were: 65 active listings, 4 pending sales and 7 closed sales.   Invenory is decreased from last year but there are better pending numbers and sales are close to being the same.
Palm City FL 34990 Condo Market Report June 2017

Stuart Florida Real Estate presented by:
Gabe Sanders

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report June 2017

Pine Ridge Condos in Palm City July 2017 Market Report

07.20.17 by

Pine Ridge Condos in Palm City July 2017 Market Report

There are 7 condos for sale in Pine Ridge at Martin Downs in Palm City FL for July 2017.  List prices range fro $129,500 up to $165,000 for an average list price of $145,806 which is $111.89 per sq. ft. of living area.

2 condos are under contract.  List prices were $134,900 and $142,500 for an average of 138,700 which works out to $124.84 per sq. ft. of living area.  These condos averaged 22 days on market before going under contract.

In the past 12 months, 24 condos have sold in Pine Ridge.  Sales prices ranged from a low of $75,000 to a high of $159,000 for an average sales price of $123,896 which equals $103.98 per sq. ft. of living area.  These condos sold for an average of 96% of list price and were on the market for an average of 30 days before going under contract.

About the Pine Ridge Condos at Martin Downs:

Pine Ridge Condos at Martin Downs

The Pine Ridge Condos at Martin Downs is a wonderful gated complex in Palm City.  Entrance is through the gates at Matheson Ave on the south side of Martin Downs Blvd, just south of the Monarch Golf Club. Very well located close to Florida’s Turnpike as well as shopping and just a short ride to downtown Stuart and the waterways as well as golf courses that Martin County offers.

Pine Ridge Condos at Martin Downs Pine Ridge Condos at Martin Downs

Pine Ridge was built from 1986 through 1995 and consists of both condos as well as villas.  There are numerous floor plans ranging from 3 bedroom, 2 bath units with 1486 sq. ft. of living area to 2 bedroom, 2 bath of 1111 sq. ft. down to 830 sq. ft. 1 bedroom, 1 bath condos.  Some condos come with a detached garage while the rest have assigned parking along with lots of space for guest parking as well.

Pine Ridge Condos at Martin Downs Pine Ridge Condos at Martin Downs

There are two lakes on the grounds as well as a community swimming pool, tennis courts, and a bocce court. Two small pets are permitted.  And, no trucks or motorcycles are allowed. As of July 2017, the condo association fees ranged from $290 to $390 per month depending on size and location of the condo.

Pine Ridge Condos at Martin Downs Pine Ridge Condos at Martin Downs

This is a wonderful community welcoming all ages and one of the most affordable options for those wishing to live in Palm City.  Especially desirable for young families who wish to take advantage of Palm City’s ‘A’ rated schools.

Click this link to search for available Pine Ridge Condos for Sale

Pine Ridge Condos in Palm City July 2017 Market Report

Palm City FL 34990 Residential Market Report June 2017

07.19.17 by

Palm City FL 34990 Residential Market Report June 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for June 2017

For June 2017 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 386 active listings (Increased by 5 homes from May)

Palm City FL 34990 Residential Market Report June 2017

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

Palm City FL 34990 Residential Market Report June 2017

96 Homes Sold in May (Down by 33 homes from May)

Palm City FL 34990 Residential Market Report June 2017

The Palm City FL, zip code 34990 residential real estate market continues with strong activity, though closed sales returned to a more sustainable value after a very large jump from last month.
The monthly absorption rate decreased to 4.0 months from 3.0 months in May.  A more extreme sellers’ 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 June 2016 numbers were:  362 active listings, 168 pending sales and 76 closed sales.  Stronger activity for this year with a slightly higher inventory of homes for sale.

Palm City FL 34990 Residential Market Report June 2017

 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 June 2017

The Florida Club July 2017 Market Report

07.19.17 by

The Florida Club July 2017 Market Report

Stuart, Florida

As of July 2017, there are 6 Florida Club homes for sale.  List prices range from $264,900 up to $449,000 for an average list price of $377,869 which works out to $183.55 per sq. ft. of living area.

There are 4 homes under contract awaiting the completion of their sales.  List prices ranged from $364,900 to $524,900 for an average list price of  $433,425 or $183.31 per sq. ft of living area.  These homes averaged 49 days on the market before going under contract.

In the past 12 months, 36 homes have sold in the Florida Club with sales prices ranging from $237,500 to $482,000 for an average sales price of $342,447 which equals $167.11 per square foot of living area.  The average days on market was 99 days with a 97% list to sales price ratio.

About the Florida Club:

Conveniently located at the gateway to Stuart, Florida and Martin County, the Florida Club is a DiVosta built golf club community located off Kanner Highway and within minutes of I-95. This non-equity golf club community consists of 433 homes.  113 homes in the estates section of the Florida Club featuring larger lots and spacious estate sized homes.  Many with both lake or golf course views and a few with both.  The remaining Florida Club homes feature either single family or attached one story villas, many also with golf course and/or lake views.  Residents of the Florida Club can enjoy daily golf or if the wish can forgo being a member and just enjoy the benefits of living in a wonderful gated community without the expense of golf club membership.  Additionally for those wishing to play only occasional (or just seasonal) golf, the Florida Club is open for non-members.

Perfect for anyone who wants the convenience of easy access to I-95 with Palm Beach, Fort Lauderdale and Miami, just a quick trip to the south and Orlando to the north. Yet still only minutes to the wonderful Atlantic Beaches of both Stuart or Hobe Sound and Jupiter Island.

The Martin County location ensures low property taxes and ‘A’ rated school system. Enjoy the Florida sunshine and all that this friendly neighborhood has to offer.

For more information about golf at the Florida Club July 2017 Market Report please visit their web site: Florida Club Web Site and watch their welcome video below:

Search for all Florida Club Homes for Sale in Stuart Florida

View all of our listings

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

The Florida Club July 2017 Market Report

Stuart FL 34997 Condo Market Report June 2017

07.18.17 by

Stuart FL 34997 Condo Market Report June 2017

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2017

 

For June 2017 in the 34997 Zip Code area of Stuart, Florida:

There are currently 50 active condo listings (Decreased by 11 condos from May).

Stuart FL 34997 Condo Market Report June 2017

33 Condo sales are pending and awaiting close or lender approval (Increased by 11 condos from May).

Stuart FL 34997 Condo Market Report June 2017

7 Condos Sold in June (Decreased by 30 condos from May).

Stuart FL 34997 Condo Market Report June 2017

     The Stuart FL condo market for zip code 34997 is showing some strange numbers with sales dropping significantly from last month (which was an abnormally strong month).  Pending sales remain strong but inventory is dropping to troubling levels.
     The absorption rate plunged to 7.1 months in June compared to 1.6 months for May.  Back into a buyers’ 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 June 2016 numbers were: 74 active listings, 27 pending sales, and 24 closed sales.  Considerably stronger closed sales last year while we have a little better pending sales numbers for this year.  Though, a troubling decrease in available condos for sale.

Stuart FL 34997 Condo Market Report June 2017

Stuart Florida Real Estate presented by:
Gabe Sanders

 

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2017

 

 

Portofino Condos at Jensen Beach July 2017 Market Report

07.18.17 by

Portofino Condos at Jensen Beach July 2017 Market Report

As of July 2017 there are 2 condos available for sale in Portofino.  List prices are $98,500 and $150,000 which averages to $124,250 or $132.69 per sq. ft. of living area.

There is 1 condo under contract at this time.  This condo was listed for $125,000 which is $99.84 and was on the market for 70 days before going under contract.

In the past 12 months, 10 condos have sold in Portofino, ranging in sales price from $93,500 to $164,500 for an average sales price of $124,000 which equals a price per sq. ft. of $128.65.  The average days on market was only 16 and the average list to sales price ratio was 95%.

About the Portofino Condos at Jensen Beach:

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

Portofino Condos at Jensen Beach are one of the newest condominium subdivisions in Martin County.  Originally built as an upscale apartment complex around 2000, this development was turned into condominiums and began sales in 2005.  Due to the downturn in the housing market, not all units were sold and some are now being offered for lease.  Portofino Condos at Jensen Beach July 2017 Market Report features 1, 2 and 3 bedroom units with separate garage parking as an added purchase when available.  Unit sizes are 802 sq. ft. for the 1 Bedroom 1 bath, 1074 sq. ft. for the 2 Bedroom 2 bath, and 1252 sq. ft. for the 3 Bedroom 2 bath.

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

The Condo Owners Association fees range from $209 to $330 per month depending on unit size and for garage owners, there’s an additional $20 per month charge.  Fees include the extensive grounds and gated entry as well as the amenities, which include a large community pool, heated whirlpool, state of the art fitness center, indoor racquetball court, tennis court, playground and a private clubhouse with a full kitchen.

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

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

 

Jensen Beach Florida Real Estate

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

Portofino Condos at Jensen Beach July 2017 Market Report

Stuart FL 34997 Residential Market Report June 2017

07.17.17 by

Stuart FL 34997 Residential Market Report June 2017

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for June 2017

There are currently 261 active listings (Decreased by 30 homes from May).

Stuart FL 34997 Residential Market Report June 2017

180 Residential sales are pending and awaiting close or lender approval (Up by 12 homes from May).

Stuart FL 34997 Residential Market Report June 2017

87 Homes Sold in June (Decreased by 17 homes from May)

Stuart FL 34997 Residential Market Report June 2017

      The Stuart Florida Residential Market for ZIP Code 34997 continued with strong activity and this sement of Martin County real estate remains one of the ost active areas. I am seeing a trend of lower inventory numbers once again which may effect volume in the future.
     The absorption rate increased to 3.0 months (was 2.8 months for May).  Continuing as an extreme sellers’ market for the 34997 zip code area of Stuart for June 2017.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2016 numbers for June, were: 299 active listings, 173 pending listings and 125 closed sales.  Better closed activity last year, but with a larger inventory of available homes for sale.
Stuart FL 34997 Residential Market Report June 2017

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 June 2017

Oceana Oceanfront and North Condos July 2017 Market Report

07.17.17 by

Oceana Oceanfront and North Condos July 2017 Market Report

For July 2017 there are 10 condos for sale in Oceana (I and II aka Oceana Oceanfront) in Jensen Beach FL on Hutchinson Island.  List prices range from $219,000 up to $382,000 for an average list price of $311,480 which equals $298.26 per sq. ft. of living space.

There are 4 condos under contract.  List prices are a low of $209,000 up to a high of $539,000 for an average list price of $327,700 which equals $260.07 per sq. ft. of living space.  These condos averaged 55 days on the market before going under contract.

In the past 12 months, 16 condos have sold.  Sales prices ranged from $174,500 up to $385,000 for an average sales price of $260,456 which works out to $253.75 per sq. ft. of living space.  These condos sold for an average of 96% of list price and averaged 59 days on the market before going under contract.

About the Oceana Oceanfront and North Condos:

Oceana North and Oceanfront Condos in Jensen Beach

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

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

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

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

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

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

 Oceana North and Oceanfront Condos in Jensen Beach

Condo fees range from $410 to $550 per month depending on the size and location of the condo (as of July 2017).  These fees cover Basic Cable TV, Common Areas, Elevator, Exterior Electric, Fire/Liability Insur, Grounds / Plants, Insurance-Bldg, Janitor, Laundry Facilities, Lawn Care, Manager, Parking, Pest Control, Pool Service, Recreational Facilities, Reserve Funds, Roof Maintenance, Security, Signs, Trash Removal and Water.

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

Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you may wish to consider:
Admiral – Atlantis – Claridge – Dune Walk – Empress – Island Club –  Island Crest – Island Dunes – Islandia – Miramar – Miramar Royale – Ocean Dunes – Oceana Oceanfront – Oceana South – Ocean Towers – Oceanrise  – Ocean Bay Villas – Princess –  Regency – Sand Dollar Shores – Sea Winds – Villa del Sol

Oceana Oceanfront and North Condos July 2017 Market Report