Stuart FL 34994 Condo Market Report April 2017

Stuart FL 34994 Condo Market Report April 2017 

Stuart FL Snapshot for ZIP Code 34994, Condo Sales for April 2017

For April 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 90 active condo listings (Up by 2 condos from March).

Stuart FL 34994 Condo Market Report April 2017

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

Stuart FL 34994 Condo Market Report April 2017

29 Condos Sold in April (Up by 8 condos from March).

Stuart FL 34994 Condo Market Report April 2017

The Stuart FL 34994 Condo market continues to be a strong sellers market.  There was a sizeable increase in closed sales from last month along with a decrease in pending sales.  Might be an indication of a bit less activity for the coming months.

The absorption rate for April dropped to 3.1 months compared to last month’s 4.2.  Drifting into a stronger sellers’ market for this condo segment of Stuart’s 34994 zip code area.  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 April the numbers were 97 active listings, 35 pending sales, and 19 closed sales.  Better closed sales activity for this year.

Stuart FL 34994 Condo Market Report April 2017

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Stuart Florida Market Report ZIP Code 34994 – Condo, April 2017

Sunset Cove Condos May 2017 Market Report

Sunset Cove Condos May 2017 Market Report

For May 2017, there is only one condo listed in the Sunset Cove condos of North Stuart on the Saint Lucie River.  This condo is listed for $295,000 or $187.90 per sq. ft. of living area.

There is are no condos currently under contract.

In the past 12 months, 3 Sunset Cove condos have sold.  Sales prices were from $211,460 up to $252,000 for an average sales price of $232,320 which equals $144.18 per sq. ft. of living area.  These sales averaged 97% of the average list price and were on the market for an average of 134 days before going under contract.

About the Sunset Cove Condos

Sunset Cove Condos in Stuart FL

Sunset Cove is a beautiful condo complex north of the Roosevelt Bridge in Stuart FL and just south of the North River Shores area of Stuart.  This four story elevator equipped condo building lies on the east side of the north fork of the Saint Lucie River with magnificent wide water views from all 32 condos.

Sunset Cove Condos in Stuart FL

This building was built in 1981 and has deep water dockage with easy ocean access as well as a pool, Jacuzzi and club house.  Residents enjoy reserved covered parking spaces as well as ample guest parking.  Great location with just a short hop across the bridge to enjoy all the amenities of historic downtown Stuart.  Also, easy access to shopping, restaurants and the Treasure Coast Mall.

Sunset Cove Condos in Stuart FL

These are spacious 2 bedroom condos with either 1,570 sq. ft. or 1,690 sq. ft. of living space along with wide open balconies to enjoy (as the name implies) scenic sunsets over the wide river.

Sunset Cove Condos in Stuart FL

Sunset Cove has no age restrictions and also welcomes up to 1 small pet.  Rentals are also permitted with some restrictions.  The current condo association fees are $525 per month (April 2017) and include building maintenance and insurance as well as common areas, exterior pest control, trash pickup, etc.  Those utilizing the docks have an additional charge of $1.75 per linear foot of their boats.

Click here to see if any Sunset Cove condos are available for sale

Sunset Cove Condos May 2017 Market Report

Stuart Florida Market Report ZIP Code 34994 Residential April 2017

Stuart Florida Market Report ZIP Code 34994 Residential April 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for April 2017

For April, 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 69 active listings (Unchanged from March)

Stuart Florida Market Report ZIP Code 34994 Residential April 2017

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

 Stuart Florida Market Report ZIP Code 34994 Residential April 2017

12 Homes Sold in March (Down by 3 homes from March)

Stuart Florida Market Report ZIP Code 34994 Residential April 2017

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida retreated a bit with both pending sales and closed sales decreasing for the month of April.

The one month absorption rate for the 34994 zip code for April increased to 5.8 months from 4.6 months for March.  Once again approaching 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 April 2016 numbers were 65 Active Listings, 49 pending sales and 10 closed sales.  Considerably better pending sales activity last year with a slightly higher closed sales activity for this year.

Stuart Florida Market Report ZIP Code 34994 Residential April 2017

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Stuart Florida Market Report ZIP Code 34994 Residential April 2017

Oakbrooke Estates May 2017 Market Report

Oakbrooke Estates May 2017 Market Report

As of may 2017, there are 4 homes for sale in the Oakbrooke Estates community of Palm City in Martin County Florida.  The list prices for these homes range from $469,000 to $530,000 for an average list price of $503,475 which also equals $155.71 per sq. ft. of living area.

There are no homes under contract at this time.

In the past 12 months, 10 Oakbrooke Estates homes have sold.  Sales prices were from $380,000 up to $499,000 and averaged $449,808 which equals $141.61 per sq. ft. of living area.  These 10 homes sold for 97% of the last list price and went under contract in an average of 69 days after being listed.

About Oakbrooke Estates:

Oakbrooke Estates real estate in Palm City FL

Also known as Oakbrooke Estates Gardens.  Located on the north side of Martin Hwy (State Road 714) and just down the street from the Publix supermarket and close to other shopping areas as well as schools and Florida’s Turnpike.  This community was built between 2003 and 2005 and consists of 70 single family homes of various sizes ranging from 4 bedroom, 3 bathroom homes of 2,263 sq. ft. of living area up to 5 bedroom, 4 bathroom homes of 3,690 sq. ft. and all these homes come with with 3 car garages.

Oakbrooke Estates real estate in Palm City FL

Many of the homes in Oakbrooke Estates have their own private pool as well as some homes with serene lake views on cul-de-sacs.  There is a community pool and clubhouse as well in this subdivision and a gated entrance for privacy and security.  The low HOA fees of $180 cover the common areas, security gate, trash pickup and basic cable TV.

Oakbrooke Estates real estate in Palm City FL

Children who live in Oakbrooke Estates currently attend the Palm City Elementary, Hidden Oaks Middle and Martin County High Schools.

Oakbrooke Estates real estate in Palm City FL

A wonderful family friendly community of newer palm City Homes.

Check here to see if any Oakbrooke estates homes are available for sale

 

Sewalls Point Single Family Market Report April 2017

Sewalls Point Single Family Market Report April 2017

Sewalls Point Real Estate Snapshot, Residential Sales for April 2017

 

There are currently 65 active listings (Down by 1 home from last month)

Sewalls Point Single Family Market Report April 2017

18 home sales are pending and awaiting close or lender approval (Decreased by 3 homes from March)

Sewalls Point Single Family Market Report April 2017

7 Homes sold in March (Decreased by 2 homes sales from March)

Sewalls Point Single Family Market Report April 2017

The single family real estate market in Sewalls Point retreated slightly after a strong March.  Still, better activity than last year, but it could be stronger.

The absorption rate rose to 9.3 months, in March it was 7.3 months.  Still a strong buyers’ market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to April 2016, the inventory was 68 homes on the market, 19 pending sales and there were 3 closed sales.  Similar inventory and pending sales as compared to last year with better closed sales for this April.

Sewalls Point Single Family Market Report April 2017

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Indian River Drive Real Estate May 2017 Market Report

Indian River Drive Real Estate May 2017 Market Report

There are 24 homes and condos available to purchase off of Indian River Drive in may 2017.  These properties are listed for prices from $119,900 up to $2,650,000 for an average list price of $853,704 which works out to $265.22 per sq. ft. of living area.

There are 13 homes under contract.  These homes were listed for a minimum of $34,900 up to $1,300,000 which averages to $509,731 or $177.08 per sq. ft. of living area.  These homes were on the market for an average of 161 days before going under contract.

In the past 12 months, 42 homes have sold.  Sale prices ranged from a low of $47,000 up to $850,000 for an average sales price of $423,833 which equals $177.10 per sq. ft. of living area.  These homes averaged 111 days on market before going under contract and sold for an average of 93% of list price.

About Indian River Drive:

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

Indian River Drive Real Estate

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

Indian River Drive Real EstateIndian River Drive Real Estate

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

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

May 2017 Market Report for Ocean House in Indian River Plantation

May 2017 Market Report for Ocean House in Indian River Plantation

May 2017 Market Report for Ocean House Condos in Indian River Plantation, Hutchinson Island in Stuart, FL

Currently there are 3 active listing on the market in Ocean House, with list prices from $595,000 up to $637,000 for an average list price of $610,333 which equates to $455.47 per square ft. of living area.

There are no condos currently under contract awaiting settlement.

In the past 12 months, there have 3 sales in Ocean House.  The sales prices were from $440,000 up to $637,500 for an average sales price of  $512,500 or $370.98 per square foot of living area.  These condos sold for an average of 92% of the last list price and went under contract in an average of 296 days after being listed.

Ocean House in Indian River Plantation

One of the newest buildings in Indian River Plantation, Ocean House, is also the most magnificent.  Consisting of 79 Luxury Condo units of either 2 or 3 spacious bedrooms with amenities galore.  All suites have Ocean views, even the first floor units, which are in actuality the equivalent of being on the third floor as there are two parking levels for residents to enjoy covered parking.

Ocean House in Indian River Plantation

Ocean House has a newly renovated club house area featuring an Reportd kitchen with granite counter tops and stainless steel appliances.  Two flat screen televisions and free wi-fi for those that need connectivity.

Ocean House in Indian River Plantation

A heated pool and lanai area that’s perfect for lounging close to the beach, or walk down your private access to enjoy the crystal blue waters of your private Atlantic ocean beach.

Ocean House in Indian River Plantation

Barbecue area with a Tiki Hut for those nights that you want to eat out under the stars.

The Marriott Resort at Indian River Plantation Features:

Ocean House in Indian River Plantation

Indian River Plantation consists of numerous condominium associations and buildings.  All styles from Ocean front to River front and Golf and Tennis villas can be found here.  IRP is associated and co-located with the Marriott Resort and Marina.

Tucked away on Hutchinson Island, the Treasure Coast’s 16-mile lush barrier island, is a unique resort that greets guests with the warmth of true Southern hospitality.

The Hutchinson Island Marriott Beach Resort and Marina stretches across 200 acres of plantation landscape on Hutchinson Island, bordered on one side by the Atlantic Ocean and by the shimmering Indian River on the other side.

A newly remodeled lobby with sweeping draperies, plantation-style wood furnishings and tropical tones sets the stage for a magical golf getaway. This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.

Ocean House in Indian River Plantation

Golfers of all skill levels will enjoy the challenging fairways and greens found in the area’s 12 courses. Plantation East, the resort’s own course, meanders throughout the island and is characterized by water on 17 of 18 holes. This 4,042-yard, par-61 executive course requires careful club selection and precision shot-making to overcome constantly changing ocean breezes.

This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.

Golfers of all skill levels will enjoy the challenging fairways and greens found in the area’s 12 courses. The Ocean Club, the resort’s own course, meanders throughout the island and is characterized by water on 17 of 18 holes. This 4,042-yard, par-61 executive course requires careful club selection and precision shot-making to overcome constantly changing ocean breezes.

The Hutchinson Island Marriott offers guests and residents two tiki bars and their Signature Restaurant, the Baha Grille. Thirteen Novagrass tennis courts, miles of unspoiled beaches, water sports, deep sea fishing, and a full-service 77-slip marina anchored on the Indian River round out a perfect vacation of sun and fun.

Resort amenities also include three heated pools with sun decks, game rentals from the Activities Hut, two outdoor spas and supervised activities for both children and teens.

May 2017 Market Report for Ocean House in Indian River Plantation

Hutchinson Island Condos For Sale

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May 2017 Market Update for Island Dunes Condos on Hutchinson Island

 May 2017 Market Update for Island Dunes Condos on Hutchinson Island

May 2017 Market Update for Island Dunes Condos on Hutchinson Island in Jensen Beach, FL

There are currently 14 active listings on the market in Island Dunes at prices ranging from $205,990 to$575,000 for an average list price of $345,499 which equals $261.85 per square ft. of living area.

There are no condos under contract awaiting closing at this time.

In the past 12 months, 18 condos have sold ranging in sales prices from $$167,500 to $462,500 with an average sales price of $330,350 which equals $228.53 per square foot of living area.  These sales averaged 94% of the final list price and also averaged 124 days on market before going under contract.

Island Dunes

Located on the unspoiled Barrier Island of Hutchinson Island in Jensen Beach, Florida in Saint Lucie County is a complex of five separate condominium buildings with a common thread.  All of these units belong to the Island Dunes Country Club.  This unique arrangement offers golf, tennis and a deep water marina, just steps from your condo without having to travel to the mainland. The five buildings from North to South are the Island Dunes Oceanside I & II, the Admiral, the Regency Island Dunes and the Regency Island Dunes Two.  All of these buildings are Oceanside affording easy access to the crystal clear blue waters of the Atlantic Ocean.  There’s a wide variety of condos available ranging from 1 Bedroom to spectacular 3 Bedroom Penthouse suites.

 Island Dunes

The Island Dunes Country Club offers a challenging nine hole golf course golf course on the on the banks of the wide Indian River,  championship tennis club , a pro shop, a deep water marina and one of the fine dining in the onsite restaurant area which is open to the public.

 Island Dunes

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May 2017 Market Update for Island Dunes Condos on Hutchinson Island

 

May 2017 Market Report for River Pines in Stuart FL

May 2017 Market Report for River Pines in Stuart FL

As of May 2017, there are 6 active listings for River Pines townhomes for sale in Stuart, FL.  Prices range from a low of $145,000 up to $170,000 which equals to an average list price of $157,983 or $110.86 per sq. ft. of living area.

There are 7 River Pines town homes under contract awaiting sale.  List prices are from $136,000 to $165,000 for an average list price of $149,986 or $116.45 per sq. ft. of living area.  These properties averaged 100 days on the market prior to going under contract.

In the past 12 months, 22 townhouses have sold in River Pines with sales prices ranging from$95,000 to $153,000 which equals to an average sales price of $139,141 or $107.25 per sq. ft. of living area.  These townhomes have been on the market for an average of 67 days prior to going under contract and sold for 98% of the last list price.

River Pines Townhomes

Located just off the Intracoastal Waterway off of Cove Road in Stuart is the River Pines community. 396 private residences in quad style town-homes.   This community was built in 1981 and 1982 and all homes are 1288 sq. ft. of living area with 2 bedrooms and 2 and ½ baths. There are large private courtyards for each home, some of which the residents have enclosed for added living area.

River Pines in Stuart FL

Only a short walk or bike ride to the Saint Lucie River with access for kayak launch. Boat ramps also nearby. All ages are welcome and 2 small pets are permitted. Each home has 2 reserved parking spots with additional guest parking. Amenities include 2 Community pools, tennis courts and racquetball/handball courts. There’s also a private preserve adjacent to the Intracoastal available exclusively for residents use.

River Pines in Stuart FL

A very well run community with excellent financials. Residents have the option of joining the Miles Grant golf club (just across the street).

River Pines in Stuart FL

As of May, 2014 HOA fees were $160 per month.

River Pines in Stuart FL

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May 2017 Market Report for River Pines in Stuart FL

May 2017 Market Report for Ocean Bay Villas on Hutchinson Island

May 2017 Market Report for Ocean Bay Villas on Hutchinson Island

As of May 2017 there are 5 available homes in the Ocean Bay Villas community on Hutchinson Island, FL.  List prices are from $399,900 up to $529,000, for an average list price of $445,560 or $188.67 per sq. ft. of living area.

There are no current pending sales.

There have been 5 closed sales in the past 12 months.  Sales prices ranged from $340,000 up to $445,000 which averages to $390,000 and is equal to $156.57 per sq. ft. of living area.  These homes sold for an average of 96% of list price and also averaged 258 days on market before going under contract.

May 2017 Market Report for Ocean Bay Villas on Hutchinson Island

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

May 2017 Market Report for Ocean Bay Villas on Hutchinson Island

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

May 2017 Market Report for Ocean Bay Villas on Hutchinson Island

May 2017 Market Report for Ocean Bay Villas on Hutchinson Island

May 2017 Market Report for Ocean Bay Villas on Hutchinson Island

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

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May 2017 Market Report for Ocean Bay Villas on Hutchinson Island

The Arbors in Hobe Sound May 2017 Market Report

The Arbors in Hobe Sound May 2017 Market Report

There are 3 available homes for sale in The Arbors as of May 2017.  List prices are from $414,000 up to $789,000 for an average of $601,000 which equals $203.30 per sq. ft. of living area.

There is one home under contract which has not completed the sales process.  The list price was $519,000 or $196.15 per sq. ft. of living area..  This home was on the market for 96 days prior to going under contract.

In the past 12 months, 13 homes have sold in the Arbors.  Sales prices ranged from $345,000 up to $584,000 for an average sales price of $468,969 which equals $190.41 per sq. ft. of living area.  These sales averaged at 96% of the listed price and were on the market for an average of 90 days prior to entering into an agreement for sale.

The Arbors in Hobe Sound FL

About the Arbors in Hobe Sound:

In northern Hobe Sound just west of Federal Highway and off of Seabranch Avenue is the exclusive 190 homes of the Arbors.  This exclusive gated community of upscale homes all border on lakes or preserve with generous lots and elbow room not found in many modern developments.  In addition to the two serene lakes the Arbors also contains generous nature preserves to protect the indigenous hardwoods and pines as well as offering a home to native flora and fauna.  Residents of the Arbors enjoy seeing endangered srub jays and gopher tortoises as well as pairs of sandhill cranes.   To enjoy the surrounding 100 acres of protected preserve areas, the Arbors has set up a walking trail through much of this land.  Great for a morning walk or excellent exercise for those that wish to go for a run or jog.

The Arbors in Hobe Sound FL  The Arbors in Hobe Sound FL

All this in a location that is just minutes from many championship golf courses, the beautiful beaches of the Atlantic Ocean and the marinas and waterways of Martin County.  Close to Martin County’s ‘A’ rated schools, shopping centers, medical facilities and all necessary urban services yet in a quiet peaceful setting.  The Arbors is less than an hour away from Palm Beach International Airport and just about equi-distant from Miami and Orlando, both only two hours by car.

The Arbors in Hobe Sound FL The Arbors in Hobe Sound FL

The Arbors is a wonderful place to call home.

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Ocean Dunes Condos on Hutchinson Island May 2017 Market Report

Ocean Dunes Condos on Hutchinson Island May 2017 Market Report

As of May 2017, there were no condos for sale in Ocean Dunes on Hutchinson Island in Jensen Beach FL.

There is one condo currently under contract.  This oceanfront condo was listed for $469,900 which is $362.02 per sq. ft. of living area.  This condo was on the market for 194 days before going under contract.

In the past 12 months, 3 condos have sold.  Sales prices ranged from $240,000 up to $295,000 for an average sales price of $271,667 or $217.71 per sq. ft. of living area.  These condos were on the market for an average of 22 days before going under contract and sold for an average of 97% of the last list price.

About Ocean Dunes Condos in Jensen Beach FL:

Ocean Dunes Condo in Jensen Beach

Just north of the Jensen Beach Causeway is the very exclusive Ocean Dunes Condo Building.  This 8 story elevator building was built in 1982 and contains only 28 units.  No more than 4 condos per floor with the penthouse having two spacious double sized units of 2,502 sq. ft. under AC each.  The remaining condos are all 2 bedroom, 2 bath with the corner units having 1,298 sq. ft. of living area and the interior ones having 1,228.

Ocean Dunes Condo in Jensen Beach Ocean Dunes Condo in Jensen Beach

There is ample parking as well as beach access, private pool and a tennis court.  One small pet is allowed as well as rentals are permitted with some restrictions.  The current condo fees are $530 per month as of December 2016.

Ocean Dunes Condo in Jensen Beach Ocean Dunes Condo in Jensen Beach

There is shopping located across the street and it’s only a short drive to downtown Jensen Beach.

 Ocean Dunes Condo in Jensen Beach

Click here to search for available Ocean Dunes Condos for Sale

Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you may wish to consider:
AdmiralAtlantisClaridgeDune WalkEmpressIsland Club –  Island CrestIsland DunesIslandiaMiramarMiramar RoyaleOceana NorthOceana OceanfrontOceana SouthOcean TowersOceanrise  – Ocean Bay VillasPrincess –  RegencySand Dollar ShoresSea WindsVilla del Sol

St Lucie County Townhouses and Condos March 2017 Market Detail

St Lucie County Townhouses and Condos March 2017 Market Detail

The St Lucie County Townhouses and Condos Market Detail for March 2017 showed another month of strong gains.  Closed sales were up by 16.1% from last year (was up 1.4% in February) while new pending sales decreased by 0.6% (was up by 5.8% in February).

Values continue to rise impressively with the median price up by 28.0% (was up by 41.6% in February) while the average sales price increased by 13.3% (was up by 17.5% in February).  I’ve been expecting prices to moderate for some time so these increases are surprising.

The inventory of available townhouses and condos decreased by 36 units from last month to 569 units, which is 13.1% less than March 2016. The current supply is 5.9 months, which is 10.6% lower than the 6.6 months of inventory last year.  The St Lucie County townhouses and condos is slipping back into a sellers market. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

St Lucie County Townhouses and Condos March 2017 Market Detail

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

St Lucie County Townhouses and Condos March 2017 Market Detail

Coral Lakes – May 2017 Market Report

Coral Lakes – May 2017 Market Report

For may 2017 there are two homes available for sale in Coral Lakes in Stuart FL.  These homes are listed for $305,000 and $390,000 for an average of $347,500 which is equal to $158.32 per sq. ft. of living area.

There is one home currently under contract in Coral Lakes.  This home was listed for $272,000 or $154.90 per sq. ft. of living area and was on the market for 32 days before going under contract.

Only one home has sold in the past 12 months Coral Lakes.  This home sold for $251,000 or $103.51 per sq. ft. of living area. It was on the market for only 6 days before going under contract  and sold for 108% of the list price.

About Coral Lakes:

Coral Lakes real estate in Stuart FL

The gated Stuart FL community of Coral Lakes is off Willoughby Blvd between Pomeroy Street and Salerno Road.  Communities like this are no longer being developed in most centrally located areas as all of the lots are a minimum of a ½ acre and a number are over an acre.

Coral Lakes real estate in Stuart FL

There are just under 100 home sites in Coral Lakes with the first homes built in 1980 and the most recently completed one was in 2005.  Homes come in all sizes and shapes with different builders and range from just over 1,600 sq. ft. 2 bedrooms and 2 bathrooms homes up to over 4,500 sq. ft. homes with 5 bedrooms and 4 bathrooms and multi-car garages.

Coral Lakes real estate in Stuart FL

Other than a storage lot for boats, RV’s and trailers there are no additional amenities in Coral Lakes and the low HOA fee of $450 per year covers maintenance of the common areas, gates and management (as of March 2017).  Many homes have private pools in these spacious single family home sites as well as other much desired amenities.

Coral Lakes real estate in Stuart FL

The location makes it easy for residents of Coral Lakes to commute via I-95 to parts north or south of Martin County and yet still be close to shopping, restaurants, medical facilities, beaches and waterways , and the other great attractions that make Stuart FL so popular among families.

Coral Lakes real estate in Stuart FL

Currently, children attend the Pinewood Elementary, Dr. David L. Andersen Middle and Martin County High Schools.

Check here to see which Coral Lakes homes are available for sale.

 

Poppleton Creek Condo Market Report for May 2017

Poppleton Creek Condo Market Report for May 2017

As of May 2017, there are 3 condos available in the Poplleton Creek community of Stuart, FL. List prices range from $129,900 up to $165,000 for an average list price of $147,967 which is $124.18 per sq. ft. of living area.

There are no condos currently under contract.

In the past 12 months, there have been 8 sales.  Sales prices ranged from $34,100 up to $115,000 for an average sales price of $72,106 or $73.14 per sq. ft. of living area.  These condos averaged only 17 days on the market before going under contract and sold for an average of 95% of list price.

About the Poppleton Creek Condo Community in Stuart FL:

Poppleton Creek Condos in Stuart FL

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

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

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

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

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

Poppleton Creek Condos in Stuart FL

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

Poppleton Creek Condos in Stuart FL

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

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

Condo association fees as of January 2017 range from $236 to just over $411 per month depending on the section and size of the condo.

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

St Lucie County Single Family Homes March 2017 Market Detail

St Lucie County Single Family Homes March 2017 Market Detail

St Lucie County Single Family Homes Market Detail for March 2017 showed improved activity for the month.  Closed sales were up by 11.6% (in February they were up by 5.1%) and new sales under contract (new pending sales) increased by 4.4% (they were down by 0.5% last month).

Prices continue to show very strong increases.  The median and average sales prices up by 15.7% and 14.9% respectively from last March (For February these numbers were up 18.2% and 16.6%).  While these are very good results for sellers, they make me a little nervous as rates of increase this high may result in lower affordability of homes and subsequently less sales in the future.

Active listings decreased by 74 homes to 1,740 homes.  This inventory is 8.0% lower than last year.  The current supply of homes is at 3.9 months (was 4.1 months for February)  This is 4.9% lower than last year.  The St Lucie County single family home market remains a strong sellers market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes March 2017 Market Detail

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

St Lucie County Single Family Homes March 2017 Market Detail

The Princess of Hutchinson Island April 2017 Market Report

The Princess of Hutchinson Island April 2017 Market Report

As of April 2017, there are 6 active listings in the Princess of Hutchinson Island. List prices range from a low of $292,000 to a high of $375,000 for an average list price of $337,800 and an average cost per sq. ft. of living area of $240.71.

There are no condos under contract that have not closed as of this writing.

In the past 12 months, 16 condos have sold in the Princess.  Sales prices ranged from $215,000 up to $470,000 for an average sales price of $310,650 or $218.64 per sq. ft. of living area.  These condos were on the market for an average of 83 days before going under contract and sold for an average of 97% of the last list price.

The Princess of Hutchinson Island

The Princess of Hutchinson Island is one of the more elegant high rise condominiums on Hutchinson Island in Jensen Beach.  Located just North and East of Nettles Island and just 2 miles North of the Jensen Beach Causeway this 20 story condominium has both 3 bedroom, 2 bathroom condos and 2 bedroom, 2 bathroom condos with varying floor plans from 1,209 sq. ft. to spacious 1,716 sq. ft. units.

The Princess of Hutchinson Island The Princess of Hutchinson Island

The Princess was built in 1984 and has a heated pool, Jacuzzi, common area with a game room, kitchen and bar.  There’s tennis and bocce courts as well as trailer parking and a vehicle wash area.

The Princess of Hutchinson Island The Princess of Hutchinson Island

The maintenance fees which include use of all facilities as well as exterior maintenance and insurance run from just under $500 a month to $700 a month depending on the size of the condo.  The Princess of Hutchinson Island is one of the premier locations on the Island and is a much sought after building.

The Princess of Hutchinson Island

Search here for all available Princess of Hutchinson Island Condos for Sale

Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you may wish to consider:
AdmiralAtlantisClaridgeDune WalkEmpressIsland Club –  Island CrestIsland DunesIslandiaMiramarMiramar RoyaleOcean DunesOceana NorthOceana OceanfrontOceana SouthOcean TowersOceanrise  – Ocean Bay VillasRegencySand Dollar ShoresSea WindsVilla del Sol

 

Joes Point April 2017 Market Report

Joes Point April 2017 Market Report

As of April 2017 there are two homes for sale in Joes Point.  List prices are $1,195,000 and $1,300,000 for an average list price of $1,247,500 which works out to $394.70 per sq. ft. of living area.

There is one home under contract.  The list price was $1,195,000 or $505.93 per sq. ft. of living area.  This home was on the market for 473 days before going under contract.

In the past 12 months, one home has sold in this waterfront community.  The sales price was $$714,000 which equals $232.04 per sq. ft. of living area.  This home went under contract in 72 days and sold for 90% of the list price.

Joes Point on Hutchinson Island

One of the most unusual properties on Stuart’s Hutchinson Island is Joes Point.  Located on a private peninsula which juts to the north west into the mile wide Indian River (Intracoastal Water Way). Originally developed by Lloyd Dutcher in the early 1980’s this is a premier waterfront subdivision enjoying the many wonderful amenities of Hutchinson Island in Martin County.  Only minutes to the Saint Lucie inlet and the sparkling Atlantic Ocean by boat, with easy access to the Bahamas or through the Okeechobee water way through the heart of Florida to the Gulf of Mexico by boat.  This is a true boaters paradise.  Abundant fishing is just off the dock or go just a few minutes further for some deep sea fishing and adventure.

Joes Point on Hutchinson Island Joes Point on Hutchinson Island

Joes Point has 56 home sites (3 are vacant lots at this writing) of which most are waterfront with private docks and sweeping water views of the Intracoastal Waterway (Indian River). There are 8 non-waterfront homes, though they have docks in the community marina which is just a short walk from these homes.  There is also a community RV/Boat storage area as well as a tennis court.  HOA fees as of April 2017 were under $300 per month and include central water and sewer service.

Joes Point on Hutchinson Island Joes Point on Hutchinson Island

Pets are welcome as well as having the ability to rent these homes.  This is a gated community offering a high level of privacy on the shores of the Indian River.  Beach access is across A-1-A in a private and HOA owned beach area.

Search here for any available Joes Point Homes for Sale

Twin Lakes Condo Market Report for April 2017

Twin Lakes Condo Market Report for April 2017

There are currently 8 condos available to purchase in the Twin Lakes community in Stuart FL.  List prices range from $80,000 up to $119,900 for an average list price of $101,584 which equals $96.89 per sq. ft. of living area.

6 condos are currently under contract.  List prices of these pending sales were from $82,900 up to $129,900 for an average of $113,933 or $107.01 per sq. ft. of living area. These condos averaged 36 days on the market before going under contract.

In the past 12 months 20 condos have sold in Twin Lakes.  Sales prices ranged from $72,800 up to $114,500 for an average sales price of $100,372 which works out to $90.59 per sq. ft. of living area.  These condos averaged 28 days on the market before going under contract and sold for an average of 95% of list price.

About the Twin Lakes Condo Community:

Twin Lakes Condos in Stuart FL

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

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

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

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

The current Condo Association fees are $306 a month (as of April 2017) and these fees cover Building Insurance, Cable, Common Areas, Lawn Care, Maintenance Exterior, Manager, Master Antenna/TV, Pest Control, Pool Service, Reserve Funds and Trash Removal.

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

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

Twin Lakes Condos in Stuart FL

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

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

Martin County Townhouses and Condos March 2017 Market Detail

Martin County Townhouses and Condos March 2017 Market Detail

Martin County Townhouses and Condos Market Detail for March 2017 had a bit slower closed sales for the month as compared to last year, while new pending activity looks good.  Closed sales for the month were down by 2.5% (was up by 1.0% in February) while new sales under contract (new pending sales) were up by 8.8% from March 2016 (decreased by 6.8% in February).

Prices were down again for March as the median sales price decreased by 13.0% (was down by 2.2% in February) while the average sales price decreased by 19.6% (was down by 14.4% in February) as compared to March of 2016.  Not totally unexpected with the rapid rise of prices for the past three years as there may be a small correction taking place.  Though this market is till active.

The inventory of available townhouses and condos decreased by 26 units to 445 properties as compared to last month.  This is 12.9% greater than the March 2016 inventory.  Currently, there’s a 4.7 month supply of inventory (a 17.5% increase from last year which was 4.0 months).  Still a sellers market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos March 2017 Market Detail

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

Martin County Townhouses and Condos March 2017 Market Detail