Martin County Single Family Homes March 2017 Market Detail

The Martin County Single Family Homes Market Detail for March 2017 continues to show gains from last year though not quite as robust as last month’s gains. Closed sales were up by 11.3% (was up by 17.8% in February). New pending sales decreased by 3.3% as compared to March of 2016 (Increased by 10.0% in February).

Prices continued to increase with the median sales price up by 8.7% from last year (up by 10.2% in February) while the average price increased by 8.0% (was up by 23.9% last month).

The inventory of available single family homes decreased from last month by 47 homes to 1,094 units for March, this is 1.5% greater than last March. Current supply of homes is 5.5 months, for March of last year it was a 5.2 months supply. (This is a 5.8% increase from last year). Still a sellers 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.

Click here to view or download the full report:
Martin 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.

Martin County Single Family Homes March 2017 Market Detail

The Courtyards at Willoughby April 2017 Market Report

04.26.17 by Gabe Sanders

The Courtyards at Willoughby April 2017 Market Report

There are 2 homes for sale in the Courtyards at Willoughby for April 2017. These homes are listed for $219,900 and $228,000 for an average of $223,950 which equals 129.72 per sq. ft. of living space.

There are 2 condos currently under contract. List prices were $159,900 and $169,000 for an average list price of $164,450 which is $143.25 per sq. ft. of living space. These condos were on the market for an average of 24 days before going under contract.

In the past 12 months, 3 condos have sold in the Courtyards of Willoughby with sales prices ranging from $144,500 to $215,000 for an average sales price of $183,500 and this equals $117.07 per sq. ft. of living space. These condos sold for an average of 98% of list price with an average of 104 days on market before going under contract.

The charming townhomes in the Courtyards at Willoughby are located close to Historic Downtown Stuart as well as many other shopping, dining and entertainment areas that Stuart, Jensen Beach and Palm City have to offer.

There are only 44 residences in the Courtyards at Willoughby with four different models to choose from, The Juno, The Jupiter, The Hutchinson, and The Jensen depending on your needs. The models go up to 3 bedroom, 2 bathroom two level homes with 1,532 sq. ft. of living area down to 2 bedroom, 2 bath one level living with 1,125 sq. ft. of living space and some models feature garages. Maintenance fees at the time of this writing (April 2017) run from $350 per month and lower depending on the size of the unit. Up to 1 medium sized pet is allowed.

This community features a swimming pool, with a sundeck and cabana grilling area, and a 24 hour fitness center! The surrounding school district is ‘A’ rated.

As of April 2017 there is only one active listing in the Courtyards at Willoughby. It is a 3 bedroom, 2 bath townhome with a two car garage. The list price is $195,000.

There are three pending listings. All are 2 bedroom units that were listed from $109,900 to $129,000 for an average list price of $115,966 which equals $98.78 per sq. ft. of living area. 2 of these homes are short sales.

In the past 12 months, there have been 7 sales in the Courtyards at Willoughby. Sales prices ranged from $103,100 to $179,900 for an average sold price of $129,750 which was $97.33 per sq. ft. of living area. There were no foreclosures and one shortsale in this group of sales.

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The Courtyards at Willoughby April 2017 Market Report

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Whitemarsh Reserve April 2017 Market Report

04.26.17 by Gabe Sanders

Whitemarsh Reserve April 2017 Market Report

In late April 2017 there are five homes available for sale in Whitemarsh Reserve. List prices range from $189,999 to $277,000 for an average list price of $245,200 or $134.43 per sq. ft. of living area.

There are 6 townhouses that are under contract. List prices for these pending sales are from $224,900 to $255,000 for an average list price of $237,450 which equals $121.89 per sq. ft. of living area. The average days on market for these homes was 37 days before going under contract.

In the past 12 months, 19 homes have sold in Whitemarsh Preserve. Sales prices ranged from $203,000 to $252,500 for an average sales price of $233,842 which is $115.16 per sq. ft. of living area. These homes averaged 49 days on market prior to going under contract and sold for an average of 96% of list price.

About the Whitemarsh Reserve Townhomes in Stuart FL:

This gated community of new town-homes located in Stuart, just off Kanner Highway (SR 76) is a great place for families or singles. Most Whitemarsh Reserve town homes have private wetlands views and there’s a tranquil nature trail for relaxing walks or exercise. Residents enjoy a resort style pool, basketball court, and a play area for children! This community is like a portrait with its beautiful landscaping.

Whitemarsh Reserve townhomes were first built in 2006 and continued through 2012. The initial townhomes were larger than the last ones that were built. With the largest ones being 2,299 sq. ft. of living space with 3 bedrooms and 2 bathrooms with 2 car garages and the smallest ones having only 1,000 sq. ft. with 2 bedrooms and 2 bathrooms and a single car garage.

This is a pet friendly community allowing up to one large dog. Rentals are also allowed with some restrictions. The HOA fee as of April 2017 was just over $140 per month and includes the maintenance of the common areas, basic cable TV, landscaping and lawn service, exterior painting, trash pickup and the manager.

Only minutes to I-95 for those wishing to commute either north or south. Only 30 minutes to West palm Beach and about 2 hours to Orlando and it’s attractions. The surrounding city of Stuart is a great place to live in with its ‘A’ rated schools, variety of great restaurants, shopping, gorgeous beaches and recreational activities.

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Whitemarsh Reserve April 2017 Market Report

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Florida Townhouses and Condos March 2017 Market Detail

04.25.17 by Gabe Sanders

Florida Townhouses and Condos March 2017 Market Detail

The Florida Townhouses and Condos Market Detail for March 2017 continued with strong sales activity. Closed sales were up by 11.4% as compared to last months increase of 4.1% and new sales under contract (new pending sales) increased by 7.1% (In February there was a 0.5% increase).

Values continued to increase though at a strong pace. Median sales prices were up by 9.4% (was up by 11.7% in February), while the average sales price increased by 10.7% (was up 8.5% in February). As sales activity decreases and if inventory continues to increase, I expect these prices to continue to moderate, though they are staying pretty resilient at this time.

The inventory decreased by 0.1% from March of last year. For March 2017 we have 6.3 months of inventory (was 6.4 months in February) and compared to 6.2 months for March 2016. We remain in a balanced market for Florida townhouse and condo sales but are drifting slowly towards a buyers market in the past year. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
Florida 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.

Florida Townhouses and Condos March 2017 Market Detail

The Falls of Jensen Beach April 2017 Market Report

04.25.17 by Gabe Sanders

The Falls of Jensen Beach April 2017 Market Report

For April 2017 there are 7 homes available for sale in the Falls of Jensen Beach. Listing prices range from $437,500 up to $699,000 for an average list price of $547,495 or $170.18 per sq. ft. of living area.

There is one home under contract which has not completed the sales process (closed). The list price of this home is $449,000 or $165.26 per sq. ft. of living area. This home was on the market for 31 days prior to going under contract.

In the past 12 months, 11 homes have sold in the Falls of Jensen Beach. Sales prices ranged from $450,000 up to $639,000 for an average sales price of $507,695 which is equal to $163.84 per sq. ft. of living area. These homes averaged 128 days on market before going under contract and sold on average for 98% of listed price.

About the Falls in Jensen Beach FL:

A newer Kolter community located just north and west of the Treasure Coast Mall in Jensen Beach FL. This is a gated community with spacious lots, many of which have serene preserve or lake views from the back patio and yard.

The Falls is in a wonderful location close to shopping, restaurants as well as professional services and only a few minutes to the beaches and waterways that Martin County has to offer. Children living in the falls have the privilege of attending Martin County ‘A’ rated schools. Currently these are the Jensen beach Elementary school, Stuart Middle school and the Jensen Beach High school.

Construction in the Falls began in 2006 and all of the 130 lots have now been built, with the latest homes just recently completed in 2016. As of this writing there are only two new homes available from the builder, but re-sale homes have been coming on the market at a fairly steady rate.

Homes sizes in the Falls range from 4 bedroom, 3 bathroom homes of 2,236 sq. ft. of living area up to 5 bedroom, 4 bathroom homes with just under 4,500 sq. ft. under AC. The majority of the homes in the falls have 3 car garages. Homes range from single story ranch style designs to two story homes and many have private pools.

Since this is a newer community, all homes meet the latest building codes for hurricane and wind protection and most homes also feature updated kitchen with granite countertops.

The HOA fee (as of April 2017) is $232 per month and includes your landscape and lawn service, basic cable TV as well as security and the common areas. There is no community pool or clubhouse in the Falls.

Here are the currently available homes in the Falls of Jensen Beach

Those interested in new construction in the Falls, please call us for our special builder rebate program (772) 323-6996.

Florida Single Family Homes March 2017 Market Detail

04.24.17 by Gabe Sanders

Florida Single Family Homes March 2017 Market Detail

The Florida Single Family Homes Market Detail for March 2017 rebounded with increased activity from last March. Closed sales were up by 9.3% (were down by 0.5% in February) and new sales under contract (new pending sales) were up by 3.6% (were down by 2.0% in February).

Both the median and average sales prices continued to rise from March 2016 to March 2017. Up by 10.4% and 11.3% respectively, compared to February’s 12.5% and 9.5%.

The inventory of available homes for sale fell by 4.9% from last year. For March there was a 4.1 months supply of inventory as Florida remains in a sellers market with the advantage for sellers. (March of 2016 had a 4.4 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.

Click here to view or download the full report:

Florida 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.

Florida Single Family Homes March 2017 Market Detail

Atlantis Condos on Hutchinson Island April 2017 Market Report

04.24.17 by Gabe Sanders

Atlantis Condos on Hutchinson Island April 2017 Market Report

There are currently 7 condos on the market in the three Atlantis condo buildings.. List prices range from $214,000 to $297,000 for an average list price of $250,000 which equates to $227.06 per sq. ft. of living area.

There are 4 Atlantis condos that are under contract that haven’t sold to date. List prices are $182,500 and $299,000 for an average of $227,375 or a per sq. ft. price of $207.14. These 4 condos went under contract in an average of 160 days.

In the past 12 months, 13 condos have sold in Atlantis. Sales prices ranged from $163,500 to $300,000 with an average sales price of $222,069 or $201.26 per sq. ft. of living area. These condos sold in an average of 119 days and at an average of 95% of list price.

About Atlantis Condos:

Atlantis Condos on Hutchinson Island in Jensen Beach FL (Saint Lucie County) consists of three buildings. Atlantis ‘A’, Atlantis ‘B’ and Atlantis ‘III’. Buildings A and B were constructed in 1978 and consist of 68 2 bedroom 2 bathroom condos with 1,053 sq. ft. of living space on 7 stories. End units are slightly bigger with wrap around balconies and 1113 sq. ft. of living space. Building III was built in 1982, also with the same number of condos but is slightly larger with 1,151 sq. ft. interior units and 1,258 sq. ft. on the ends.

Condo association fees at the time of this post were in the low $300’s per month for Buildings A & B and the low $400’s for Atlantis III. These three buildings have two pools in between them as well as direct ocean access from the rear of all buildings. Those on floors 3 to 7 enjoy excellent ocean and beach views, while the lower floors have partially blocked views because of the sand dunes. There is ample outdoor parking for all residents as well as two tennis courts and a vehicle wash area.

The Atlantis condos are conveniently located just 1 and ½ miles north of the Jensen Beach Causeway and within an easy drive of shopping, restaurants and all the amenities offered on Florida’s Treasure Coast.

Give the Gabe Sanders BlueWater realty team a call or email if you would like more information or wish to see the Atlantis complex in Jensen Beach FL.

Search for Atlantis Condos on Hutchinson Island for Sale

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

Hobe Sound FL 33455 Condo Market Report March 2017

04.23.17 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report March 2017

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

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

There are currently 16 active condo listings. (Increased by 3 condos from February)

4 Condo is pending and awaiting close. (Down by 2 pending condos from February)

4 Condos sold in March. (Increased by 2 closed sales from February)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. There continues to be solid activity, though with such small numbers, trends are difficult to analyze.

The absorption rate for Hobe Sound condos decreased to 4.0 months for March (was 6.5 in February). 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 March 2016 numbers were: 5 active listings, 7 pending sales and 3 closed sales. Activity seems to be improving here but it’s very difficult to make meaningful comparisons with such low numbers of sales and inventory, though this segment appears to be returning to more normal volume.

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Hobe Sound FL 33455 Condo Market Report March 2017

Pierpoint Yacht Club April 2017 Market Report

04.23.17 by Gabe Sanders

Pierpoint Yacht Club April 2017 Market Report

There are 4 active listings in Pierpoint for early April 2017. List prices range from a low of $94,888 up to a high of $178,500 for an average list price of $135,722 which equates to a per sq. ft. price of $111.22.

There are 4 condos currently under contract. These condos were listed from $109,900 up to $199,000 for an average list price of $159,700 or $126.69 per sq. ft. of living space. These condos averaged 78 days on the market before going under contract.

In the past 12 months, 13 condos have sold in Pierpoint. Sale prices ranged from $$87,000 to $229,900 for an average sales price of $134,338 which equals $106.38 per sq. ft. of living space. These condos were under contract in an average of 87 days and sold at an average of 95% of the list price.

About the Pierpoint Condos in Stuart FL:

This friendly, active 55+ condominium offers two community pools, grills, shuffleboard, a waterfront clubhouse and dock. First floor, end unit overlooking a peaceful courtyard and pond with a fountain. Clean, freshly painted, vacant unit just perfect for you!

Located in the heart of Stuart and on the shores of the wide Saint Lucie River, the Pierpoint Yacht Club Condominiums is the premier adult community in Stuart, Florida. Extremely well maintained complex of 8 buildings, some of which have magnificent water views.

Pierpoint has docks with boat slips for rent as available. Also on this dock is a fishing station and benches for all Pierpoint residents to enjoy and use. Stuart enjoys some of the finest fishing conditions in all of Florida and the east coast.

On the shores of the Saint Lucie River, Pierpoint has a large and active clubhouse with a full kitchen available for members and special occasions. Adjacent to the clubhouse is one of two heated pools, a billiard room, reading library and shuffle board courts. There’s an outdoor lounge for sipping cocktails right on the shores of the wide Saint Lucie River. Lots of green space and ample parking complement this wonderful community.

As of April 2017 the condo fees in Pierpoint were $346.00 per month for a one bedroom condo and $367.00 per month for a two bedroom condo. These fees cover Basic Cable TV, Fire/Liability Insurance, Grounds / Plants, Maintenance Exterior, Manager, Pest Control, Recreational Facility, Roof Maintenance, Trash Removal, Water and Sewer.

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Pierpoint Yacht Club April 2017 Market Report

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Hobe Sound FL 33455 Residential Market Report March 2017

04.22.17 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report March 2017

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

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

There are currently 200 active listings. (Down by 33 homes from February)

102 Residential sales are pending and awaiting close (Up by 26 homes from February)

42 Homes Sold in March (Down by 8 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues with strong activity even though the inventory is starting to become an issue with it’s low levels.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 inched up to 4.8 months (4.7 months in February). Still in a 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 March 2016 were: 212 active listings, 105 pending sales and 56 closed sales. Slightly stronger activity last year, but this was with a bit more inventory as well.

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Hobe Sound FL 33455 Residential Market Report March 2017

Orchid Bay Palm City FL April 2017 Market Report

04.22.17 by Gabe Sanders

Orchid Bay Palm City FL April 2017 Market Report

There are currently 2 homes listed for sale in Orchid Bay. List prices ar $$409,900 and $568,888, for an average list price of $489,394 which is $156.30 per sq. ft. of living area.

2 homes are under contract and awaiting sale. The list prices are $489,999 and $625,000 which average to $557,500 and is $190.60 per sq. ft. of living area. These three homes averaged 99 days on the market before going under contract.

In the past 12 months, 5 homes have sold in Orchid Bay. Sales prices ranged from $436,000 up to $637,500 for an average sold price $508,820 which works out to $171.94 per sq. ft. of living area. These 5 homes averaged 150 days on the market before the sellers accepted an offer and sold for an average of 98% of the listed price.

About Orchid Bay:

One of the most desirable communities in Palm City, Orchid Bay (also known as Captain’s Creek) lies just south of the new Palm City Veteran’s Memorial Bridge off of Mapp Road. This gated community of 153 home-sites (including only two vacant lots at this time) enjoys spacious private lots of at least a ½ acre with a few properties residing on over 1 acre sites. This planned community was developed by the Tartan land Company in the early 1990’s and all homes are individually constructed by the lot owner’s builder of choice. Consequently this is not a “cookie cutter” community by any means.

Homes range in size from over 5,000 sq. ft. of living area to just over 2,000. From as many as 8 bedrooms down to 3 bedroom homes. Both one and two story residences. Homes were built from 1992 through 2007. Amenities include tennis courts, a picnic and playground area as well as a public gazebo. Numerous lakes and ponds are on this property with many homes enjoying serene water views. Orchid Bay has its own community propane tank so all residents have the option of hooking in for propane utilities if desired.

HOA fees at the time of this writing (April 2017) are $187.00 per month (payable quarterly). These fees include maintenance of the roads, trash pickup, common areas as well as basic cable TV service.

Children of Orchid bay attend wonderful schools: Palm City Elementary, Hidden Oaks Middle and Martin County High.

Search here for all available Orchid Bay Homes for Sale

For any questions you may have about Orchid Bay, 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

Orchid Bay Palm City FL April 2017 Market Report

Jensen Beach FL 34957 Condo Market Report March 2017

04.21.17 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report March 2017

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

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

There are currently 129 active listings. (Increased by 6 condos from February)

54 Condo sales are pending and awaiting settlement. (Down by 5 condos from February)

25 Condos Sold (Up by 6 condos from February)

The Jensen Beach FL 34957 Condo Market Report for March showed a strong increase in sales but unfortunately pending sales were off a bit, indicating a potential for slower closed activity in the near future.

The one month absorption rate for the March 2017, Jensen Beach Florida Market Report ZIP Code 34957 declined to 5.2 months (from 7.7 months in February), back into a sellers market. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The March 2016 numbers were: 25 active listings, 13 pending sales and 9 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.

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Jensen Beach FL 34957 Condo Market Report March 2017

Jensen Beach FL 34957 Residential Market Report March 2017

04.20.17 by Gabe Sanders

Jensen Beach FL 34957 Residential Market Report March 2017

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

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

There are currently 203 active listings. (Up by 13 homes from last month)

82 Residential sales are pending and awaiting close or lender approval. (Down by 14 homes from February)

58 Homes Sold (Up by 31 homes sale from February)

The Jensen Beach FL 34957 Residential Market showed a very strong month for closed sales. Pending sales dropped a little but continue to be strong along with good inventory.

The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 plunged to 3.5 months ( was 7 months in February). A very strong sellers market for March. A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.

The March 2016 numbers were: 124 active listings, 66 pending sales and 29 home sales closed. Considerably greater inventory this year with a corresponding increase in both closed and pending sales.

Jensen Beach FL 34957 Residential Market Report March 2017

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Jensen Beach FL 34957 Residential Market Report March 2017

Palm City FL 34990 Condo Market Report March 2017

04.19.17 by Gabe Sanders

Palm City FL 34990 Condo Market Report March 2017

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

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

There are currently 95 active condo listings. (Increased by 3 condos from February)

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

4 Condos Sold in March. (Down by 2 condos from February)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. For March of 2017 activity decreased for both pending and closed sales and there’s quite a lot of room for improvement in this segment of the Martin County condo market.

The current absorption rate for condos in the 34990 zip code area jumped to 23.8 months (was 15.3 months in March). 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 March 2016 numbers were: 65 active listings, 15 pending sales and 4 closed sales. Similar activity this year but with a much larger inventory.

Palm City FL 34990 Condo Market Report March 2017

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Palm City FL 34990 Condo Market Report March 2017

Palm City FL 34990 Residential Market Report March 2017

04.18.17 by Gabe Sanders

Palm City FL 34990 Residential Market Report March 2017

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

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

There are currently 449 active listings (Increased by 4 homes from February)

165 Residential sales are pending and awaiting close or lender approval. (Up by 30 homes from last month)

81 Homes Sold in February (Up by 25 homes from February)

The Palm City FL, zip code 34990 residential real estate market was very strong for March of 2017 going back into a sellers market and also with a good increase in pending sales for future activity.

The monthly absorption rate dropped to 5.3 months from 7.9 months in February. Back into a 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 March 2016 numbers were: 399 active listings, 179 pending sales and 80 closed sales. Very similar activity to last March with a slightly lower pending volume and greater inventory.

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Palm City FL 34990 Residential Market Report March 2017

Stuart FL 34997 Condo Market Report March 2017

04.17.17 by Gabe Sanders

Stuart FL 34997 Condo Market Report March 2017

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

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

There are currently 75 active condo listings (Decreased by 5 condos from February).

Stuart FL 34997 Condo Market Report March 2017

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

Stuart FL 34997 Condo Market Report March 2017

18 Condos Sold in March (Decreased by 4 condos from February).

Stuart FL 34997 Condo Market Report March 2017

The Stuart FL condo market for zip code 34997 was the only segment of the Stuart market with a slightly lower volume of closed sales, but this market remains quite active and looks to continue as a strong market for the rest of this spring.

The absorption rate rose to 4.2 months in March from 3.4 months for February. Still a sellers’ 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 March 2016 numbers were: 75 active listings, 38 pending sales and 21 closed sales. The only segment of the Stuart market with weaker closed sales than last year, but still strong activity and a good market.

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

Village of Stuart Condos April 2017 Market Report

04.17.17 by Gabe Sanders

Village of Stuart Condos April 2017 Market Report

For April 2017 there are 3 condos for sale in the Village of Stuart. These condos were listed from $135,000 up to $143,315 for an average list price of $138,072 which is $115.06 per sq. ft. of living area.

There is one condo currently under contract. The list price was $115,000 or $95.83 per sq. ft. of living area. This condo went under contract 19 days after being listed.

In the past 12 months, 9 condos have been sold. Sales prices ranged from a low of $75,200 up to $153,000 for an average sales price of $121,122 which equals $95.70 per sq. ft. of living area. These condos sold for an average of 98% of the listing price and were on the market for an average of 25 days before going under contract.

About the Village of Stuart Condos:

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

Amenities include a community pool and tennis court. And, as of April 2017 the condo fee is $265 per month. This fee includes exterior maintenance and insurance as well as the management fees and maintenance of all common areas as well as trash pickup and water and sewer. The Village of Stuart is pet friendly and allows up to two medium sized pets per unit and also allows rentals with restrictions on duration and frequency.

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

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

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Stuart FL 34997 Residential Market Report March 2017

04.16.17 by Gabe Sanders

Stuart FL 34997 Residential Market Report March 2017

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

There are currently 332 active listings (Decreased by 11 homes from February).

189 Residential sales are pending and awaiting close or lender approval (Up by 7 homes from February).

94 Homes Sold in March (Increased by 20 homes from February)

The Stuart Florida Residential Market for ZIP Code 34997 continues with strong activity for the spring of 2017 with increases in both pending and closed sales.

The absorption rate decreased to 3.5 months (was 4.6 months for February). A very strong sellers’ market for the 34997 zip code area of Stuart. Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

The 2016 numbers for March, were: 308 active listings, 175 pending listings and 78 closed sales. Continued improved activity when compared to last March.

Stuart FL 34997 Residential Market Report March 2017

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Stuart FL 34997 Residential Market Report March 2017

Osprey Creek April 2017 Market Report

04.16.17 by Gabe Sanders

Osprey Creek April 2017 Market Report

For April 2017 there were no homes listed in the Osprey Creek community of Martin Downs Country Club in Palm City FL.

There are also no homes currently under contract.

In the past 12 months, 2 homes have sold. The sales prices were $190,000 and $202,500 which equals an average sale price of $196,250 or $122.14 per sq. ft. of living area. These two homes were on the market for an average of 163 days before going under contract and sold for an average of 90% of list price.

About Osprey Creek in Martin Downs Country Club

The Osprey Creek section of Martin Downs Country Club has 41 homes located on the Martin Downs Country Club Golf Course. Homes consist of both 2 and 3 bedroom single family homes ranging in size from 1,714 to 1,542 square feet of living area. All of the homes include a single car garage. As of January, 2017 the HOA fees were $240 per month. These fees include security, landscaping and lawn maintenance, exterior pest control, trash pickup and basic cable TV service.

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

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Stuart FL 34996 Condo Market Report March 2017

04.15.17 by Gabe Sanders

Stuart FL 34996 Condo Market Report March 2017

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for March 2017

For March 2017 in the 34996 Zip Code area of Stuart, Florida :

There are currently 148 active condo listings (Down by 5 condos from last month).

58 Condo sales are pending and awaiting close or lender approval (Increased by 2 condos from February).

36 Condos Sold in March (Up by 17 condos from February)

The Stuart FL 34996 Condo Market of Stuart showed a continued reduction of available condos for sale (inventory) while sales and pending sales both rose.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dropped to 4.1 months from February’s 8.1 months. Back into a sellers market for this segment of Martin County condos. A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for March 2016 were: 114 active listings, 53 pending sales and 29 closed sales. Much stronger market this year when compared to last March.

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Palm City FL 34990 Residential Market Report March 2017

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Stuart FL 34997 Residential Market Report March 2017

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Stuart FL 34997 Residential Market Report March 2017

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Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for March 2017

Stuart FL 34996 Condo Market Report March 2017

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