Hobe Sound FL 33455 Residential Market Report December 2016

01.24.17 by

Hobe Sound FL 33455 Residential Market Report December 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for December 2016

  For December 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 206 active listings. (Up by 3 homes from November)

Hobe Sound FL 33455 Residential Market Report December 2016

57 Residential sales are pending and awaiting close  (Down by 7 homes from November)

Hobe Sound FL 33455 Residential Market Report December 2016

40 Homes Sold in December (Up by 7 homes from last month)

Hobe Sound FL 33455 Residential Market Report December 2016

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County showed improved activity to end the year with increased closed sales and a small increase in inventory.  Pending sales were down for this month as compared to November.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dipped to 5.2 months (6.5 months in November).  Once again, a seller’s market for Hobe Sound residential real estate.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for December 2015 were:  187 active listings, 61 pending sales and 40 closed sales.  Overall, better activity with increased inventory as well as more pending and closed sales for 2016 when compared to December 2015.

Hobe Sound FL 33455 Residential Market Report December 2016

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Hobe Sound FL 33455 Residential Market Report December 2016

Jensen Beach FL 34957 Condo Market Report December 2016

01.23.17 by

Jensen Beach FL 34957 Condo Market Report December 2016

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for December 2016

 

For December 2016 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 134 active listings. (Decreased by 8 condos from November)

Jensen Beach FL 34957 Condo Market Report December 2016

26 Condo sales are pending and awaiting settlement. (Down by 2 condos from November)

Jensen Beach FL 34957 Condo Market Report December 2016

19 Condos Sold (Up by 10 condos from November)

Jensen Beach FL 34957 Condo Market Report December 2016

 The Jensen Beach FL 34957 Condo Market Report for December came back strong after a very weak November.  Sales were up and the inventory decreased.  Unfortunately, pending sales also decreased.

The one month absorption rate for the December 2016, Jensen Beach Florida Market Report ZIP Code 34957 dropped to 7.1 months (from 14.2 months in November), still a buyers market but getting back towards a balanced market once again.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The December 2015 numbers were: 37 active listings, 12 pending sales and 7 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 FL 34957 Condo Market Report December 2016

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Jensen Beach FL 34957 Condo Market Report December 2016

Crane Creek in Martin Downs January 2017 Housing Market Update

01.23.17 by

Crane Creek in Martin Downs January 2017 Housing Market Update

Crane Creek in Martin Downs

In January of 2017 there are 2 homes actively listed in Crane Creek.  List prices range are $460,000 to $579,000 for an average list price of $519,500 or $120.83 per sq. ft. of living area.

There is currently 1 Crane Creek home under contract and awaiting settlement, priced at $449,000 or $186.15 per sq. ft. of living area.  This home was on the market for 48 days before going under contract.

In the past 12 months there have been 23 sales in Crane Creek with sales prices ranging from $320,000 to $670,000 for an average sales price of $428,035 or $139.91 per sq. ft. of living area. The average days on market was 93 with a 97% list to sales price ratio.

Crane Creek in Martin Downs

About Crane Creek in Palm City:

The coast of Florida on the eastern side offers many wonderful locations. One of the secret attractions is Crane Creek real estate development. This community is found within Palm City. With all the accommodations the Palm City area has to offer it should not be a surprise that a select neighborhood such as Crane Creek real estate properties is a high commodity.

  • An abundance of parks to soak in the outdoors  from a climate that allows for it year round; fields for football, soccer, baseball, softball, lacrosse, tennis and basketball courts, skate rinks and parks, horseshoes, playgrounds, picnic areas, shelters, boat ramps and many more
  • A wide variety of fishing from saltwater to freshwater, surf to pier to deep water, charter, novice and expert, tournament or hobby
  • An assortment of arts and culture; musicals, plays, movie theaters, miniature golf, pleasure cruises, restaurants, fine art collections, gift shops, festivals, art shows, museums, theme parks
  • A large range of shopping experiences including leading retailers, specialty shops, charming boutiques, malls

Crane Creek in Martin Downs

Crane Creek real estate is situated within Martin Downs Country Club. A gated golf course community, Crane Creek has the finest features needed to make the community as upscale and appealing as possible. However, none of this is forced upon you because membership in the country club is optional.

  • a spectacular clubhouse
  • 2 championship golf courses
  • 12 tennis courts
  • 2 swimming pools
  • a fully equipped fitness center

Crane Creek in Martin Downs

There is also the opportunity to partake in one of the many other conveniences in place at the country club facility.  There are a driving range, chipping area, putting green, practice bunker and rental clubs. The Crane Creek real estate in Martin Downs is made up of marvelous and varied homes with something for everyone. The properties involve a wide selection of architectural style and choices from condominiums to estate homes. The parcels also have as much variation with maintenance free lots and large acreage lots. Within minutes from two of Florida’s major thoroughfares, Florida’s Turnpike and I-95, the location of Crane Creek real estate removes the hassle from commuting. In addition to all of these amenities recent business dealings in the Crane Creek real estate area may bring one more amenity. There is talk of an equestrian facility being placed on site within Martin Downs Country Club. In this part of Florida there is fishing, golf and horses. An equestrian facility would bring horse shows and an increase in revenue for locally owned businesses. Come take a look at all of the extras and all of the expected in this community. Furthermore, contact us today so we can put our knowledgeable and professional expertise to work for you as you look into becoming part of the Crane Creek real estate undertaking.
Crane Creek in Martin Downs

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Crane Creek Homes for Sale

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Crane Creek in Martin Downs January 2017 Housing Market Update

Jensen Beach FL 34957 Residential Market Report December 2016

01.22.17 by

Jensen Beach FL 34957 Residential Market Report December 2016

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for December 2016

 For December 2016 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 183 active listings. (Down by 4 homes from last month)

Jensen Beach FL 34957 Residential Market Report December 2016

53 Residential sales are pending and awaiting close or lender approval. (Decreased by 8 homes from November)

Jensen Beach FL 34957 Residential Market Report December 2016

33 Homes Sold (Down by 5 homes sales from November)

Jensen Beach FL 34957 Residential Market Report December 2016

The Jensen Beach FL 34957 Residential Market has eased from last month, thought still an active market.  Inventory was off slightly after two months og gains while both pending and closed sales decreased for December.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 rose to 5.5 months ( was 4.9 months in November).  Still in a sellers’ market for the Jensen Beach residential real estate segment.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The December 2015 numbers were: 121 active listings, 68 pending sales and 28 home sales closed.  Higher sales volume this year, thoguh with considerably greater inventory.  Pending sales are off as well when compared to last year.
Jensen Beach FL 34957 Residential Market Report December 2016

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Jensen Beach FL 34957 Residential Market Report December 2016

January 2017 Pinecrest Lakes Housing Market Report

01.22.17 by

January 2017 Pinecrest Lakes Housing Market Report

There are 8 actively listed homes for sale in the Pinecrest Lakes community as of January 2017.  Listing prices range from $375,000 to $549,900 for an average list price of $475,111 which equates to an average of $161.72 per sq. ft. of living area.
There are 2 homes under contract and awaiting closing. The list prices of these homes are $384,500 and $485,000 for an average list price of $434,750 which is $167.34 per sq. ft. of living area.  These homes averaged 131 days on the market before an accepted offer.
In the past 12 months, 25 homes have sold in Pinecrest Lakes with sales prices ranging from $245,000 to $570,000 or an average sales price of $405,804 which is $157.75 per sq. ft. of living area.  These sales averaged 84 days on market and sold at 95% of list price.

About Pinecrest Lakes in Jensen Beach:

Pinecrest Lakes Homes for Sale

The Pinecrest Lakes community of Jensen Beach FL was first developed in the late 70’s and early 80’s during a time when the Martin County Commissioners were notoriously stringent and restrictive about new developments in the area. Consequently this community has a distinctive feel and flavor. All homes are on at least a 1/2 acre lot with many on larger 1 to 2 acre lots. None of the homes are identical and all types of construction and paint schemes are allowed.

Pinecrest Lakes Homes for Sale

Pinecrest Lakes is located south of NE Jensen Beach Boulevard and just east of the new Green River parkway. Residents enjoy wide winding streets with sidewalks, street lights, underground utilities and public water. Community features include tot lots, parks, lakes and tennis courts.

Pinecrest Lakes Homes for Sale

Pinecrest Lakes is located in Martin County’s “A” rated school district. The local public elementary school, Jensen Beach Elementary School, is less than a mile away, within easy walking and biking distance for students. Students also attend Stuart Middle School in Stuart and Jensen Beach High School located approximately 1 mile northwest of the community on NE Jensen Beach Boulevard.

Pinecrest Lakes Homes for Sale

 

Pinecrest Lakes is also about 1 mile to the east of the Treasure Coast Square Mall, Martin County’s main shopping center. Residents are a short ride away from the beautiful beaches on Hutchinson Island, historic downtown Jensen Beach, Indian Riverside Park as well as numerous boat ramps and marinas that serve the vast boating resources available in Martin County.

 

Here are the currently available Pinecrest Lakes Homes for Sale in Jensen Beach, Florida

 

January 2017 Pinecrest Lakes Housing Market Report

Palm City FL 34990 Condo Market Report December 2016

01.21.17 by

Palm City FL 34990 Condo Market Report December 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for December 2016

 

For December 2016 in the 34990 Zip Code area of Palm City, Florida :



There are currently 86 active condo listings. (Increased by 6 condos from November)

   Palm City FL 34990 Condo Market Report December 2016

8 Condo sales are pending and awaiting close or lender approval. (Down by 3 condos from last month)

Palm City FL 34990 Condo Market Report December 2016

4 Condos Sold in December. (Up by 1 condos from November)

Palm City FL 34990 Condo Market Report December 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  The inventory has risen considerably in the past few months while pending and closed sales have not kept pace.

The current absorption rate for condos in the 34990 zip code area jumped up to 21.5 months (was 40 months in December). Still an extreme buyers’ market for Palm City condominiums but trending in the right direction.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The December 2015 numbers were: 52 active listings, 9 pending sales and 4 closed sales.   Very similar closed and pending sales volume, though at a considerably greater inventory, so by percentage the activity is greatly reduced for this year.
Palm City FL 34990 Condo Market Report December 2016

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Palm City FL 34990 Condo Market Report December 2016

Palm City FL 34990 Residential Market Report December 2016

01.20.17 by

Palm City FL 34990 Residential Market Report December 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for December 2016

For December 2016 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 416 active listings (Decreased by 16 homes from November)

Palm City FL 34990 Residential Market Report December 2016

 92 Residential sales are pending and awaiting close or lender approval. (Down by 9 homes from last month)

Palm City FL 34990 Residential Market Report December 2016

65 Homes Sold in November (Up by 13 homes from November)

Palm City FL 34990 Residential Market Report December 2016

The Palm City FL, zip code 34990 residential real estate market had a drop in inventory after two months of increases.  Closed sales were up strongly for December from last month, while pending sales saw a decline.
The monthly absorption rate decreased to 6.4 months from 8.3 months in November.  Back into a balanced 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 December 2015 numbers were:  375 active listings, 114 pending sales and 60 closed sales.  With higher inventory this year, there are fewer closed sales and a little improved closed sales numbers.

Palm City FL 34990 Residential Market Report December 2016

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Palm City FL 34990 Residential Market Report December 2016

Stuart FL 34997 Condo Market Report December 2016

01.19.17 by

Stuart FL 34997 Condo Market Report December 2016

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2016

For December 2016 in the 34997 Zip Code area of Stuart, Florida :

There are currently 83 active condo listings (Increased by 10 condos from November).

Stuart FL 34997 Condo Market Report December 2016

29 Condo sales are pending and awaiting close or lender approval (Up by 9 condos from November).

Stuart FL 34997 Condo Market Report December 2016

11 Condos Sold in December (Increased by 3 condos from November).

Stuart FL 34997 Condo Market Report December 2016

     The Stuart FL condo market for zip code 34997 showed continued improvement from last month and is trending towards a more robust real estate market.
     The absorption rate dropped to 7.5 months in December from 9.1 months for November.  Continuing as a buyers’ market for the 34997 zip code of Stuart FL, though tending in the right direction. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
 The December 2015 numbers were: 63 active listings, 19 pending sales and 21 closed sales.  Better sales numbers from last year, though the pending listings this year look promising.

Stuart FL 34997 Condo Market Report December 2016

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2016

Stuart FL 34997 Residential Market Report December 2016

01.18.17 by

Stuart FL 34997 Residential Market Report December 2016

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2016

There are currently 334 active listings (Increased by 6 homes from November).

Stuart FL 34997 Residential Market Report December 2016

120 Residential sales are pending and awaiting close or lender approval (Down by 18 homes from November).

Stuart FL 34997 Residential Market Report December 2016

69 Homes Sold in December (Increased by 7 homes from November)

Stuart FL 34997 Residential Market Report December 2016

      The Stuart Florida Residential Market for ZIP Code 34997 is the largest segment of the Stuart FL residential real estate.  2016 ended with strong activity and a continued advantage for sellers in this segemtn of the Stuart residential real estate market.
     The absorption rate decreased to 4.8 months (was 5.3 months for November).  Increasing the 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 2015 numbers for December, were: 308 active listings, 163 pending listings and 62 closed sales.  Slightly better closed sales for this year, but considerably lower pending sales with greater inventory.
Stuart FL 34997 Residential Market Report December 2016

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Stuart FL 34997 Residential Market Report December 2016

Lake Tuscany January 2017 Market Report

01.18.17 by

Lake Tuscany January 2017 Market Report

As of January 2017, there are 2  homes available for sale in Lake Tuscany with listing prices of $$460,000 and $479,000 for an average list price of $469,500 which is a price per square foot of living area of $122.50.

There is one home currently under contract and awaiting settlement in Lake Tuscany. List price was $399,000 or $111.45 per sq. ft. of living area.  This home was on the market for 152 days before going under contract.

In the past 12 months, 12 homes have sold in Lake Tuscany ranging in sales price from $382,500 to $480,000 for an average sales price of $422,125 which equals $150.86 per sq. ft. of living area.  These homes took an average of 38 days on market to go under contract and sold at 98% of list price.

About Lake Tuscany:

Lake Tuscany real estate Stuart FL

Lake Tuscany in Stuart FL is a newer subdivision just to the west of I-95 in Martin County, Florida.  The homes in Lake Tuscany were mostly completed between 2004 to 2005.  This attractive subdivision is set up with a gated entrance and all 98 homes in Lake Tuscany are on Panther Trace which makes a large circle around the lake in the center.  Homes range from 3 Bedroom, 3 Bath or 4 BR 2 Baths of around 2100 sq. ft. of living area to spacious 6 Bedroom, 4 Bathroom 2 story homes with lofts and theater rooms with pools by the lakeside along with 3 car garages.  All are high quality homes built by local builder Mercedes Homes.

Lake Tuscany real estate Stuart FL Lake Tuscany real estate Stuart FL

Lake Tuscany boasts lush landscaping and very reasonable Home Owner’s Association fees of $398 per quarter.  These fees cover security, the common areas and lake upkeep, basic cable, trash collection and front landscaping.  The Lake Tuscany property owners web site is located at this site.

Lake Tuscany real estate Stuart FL Lake Tuscany real estate Stuart FL

Families in Lake Tuscany enjoy Martin County’s ‘A’ rated schools in the following schools: Crystal Lake Elementary, David L Anderson Middle School and South Fork High School.  Shopping is only minutes away and there’s easy access to Martin County’s waterways and just a short drive to the many public beaches.

 Lake Tuscany real estate Stuart FL

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For any questions you may have about Lake Tuscany Real Estate Update in Stuart FL January 2017 , please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Lake Tuscany January 2017 Market Report

 

Stuart FL 34996 Condo Market Report December 2016

01.17.17 by

Stuart FL 34996 Condo Market Report December 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for December 2016

For December 2016 in the 34996 Zip Code area of Stuart, Florida :

There are currently 153 active condo listings (Unchanged from last month).

Stuart FL 34996 Condo Market Report December 2016

35 Condo sales are pending and awaiting close or lender approval (Increased by 1 condos from November).

Stuart FL 34996 Condo Market Report December 2016

20 Condos Sold in December (Up by 8 condos from November) 

Stuart FL 34996 Condo Market Report December 2016

The Stuart FL 34996 Condo Market of Stuart continued to show improving sales and pendings though it is still trying to catch up with the increases in inventory from the past few months.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dropped to 7.65 months from November’s 12.8 months.  Remaining in a buyers market for this segment of Martin County condos but trending in the right direction.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for December 2015 were: 102 active listings, 31 pending sales and 18 closed sales.  Fairly similar closed and pending volume as compared to December of 2015, but the inventory is considerably higher this year when compared to 2015.

Stuart FL 34996 Condo Market Report December 2016

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Stuart FL 34996 Condo Market Report December 2016

Osprey Cove in Hobe Sound January 2017 Market Report

01.17.17 by

Osprey Cove in Hobe Sound January 2017 Market Report

There are currently 7 homes for sale in Osprey Cove in Hobe Sound, FL.  Listing prices range from $625,000 to $1,150,000 for an average list price of $736,714 or a price per square foot of living area of $231.04.

There are 3 homes under contract which have not closed to date.  List prices are from $649,900 up to $799,000 for an average list price of $732,633 or $240.87 per sq. ft. of living area.  These homes were on the market for an average of 76 days before accepting these offers.

In the past 12 months, 8 homes have sold in Osprey Cove with sales prices ranging from $440,000 to $793,000 for an average sale price of $602,625 or $220.82 per sq. ft. of living area. These sales averaged 75 days on the market and sales prices averaged 95% of list price.

Osprey Cove in Hobe Sound

Clubhouse

Osprey Cove in Hobe Sound, Florida is a waterfront community off of Gomez Avenue in the vibrant Hobe Sound area of Martin County, Florida.  It is also known as the Osprey Cove Yacht Club and boasts 32 deep water boat slips just off the Intracoastal Waterway.  There are only 86 homes in this gated community that broke ground in late 2000 with homes being completed from 2000 through 2006.   Homes range in size from 3 bedroom, 3 bathroom, 2 car garage homes of 2,230 sq. ft. to 5 bedroom, 4 and 1/2 bathroom, 3 car garage pool homes of over 4,000 sq. ft. of living area.  There’s also a community pool and tennis court available to all residents.

Osprey Cove in Hobe SoundFor boaters, the docks are approximately 5 miles from the Saint Lucie Inlet of Martin County and just under 10 miles from the Jupiter Inlet in Palm Beach County.  All Osprey Cove residents enjoy easy access to shopping, restaurants and the pristine beaches of Jupiter Island in Martin County.

Osprey Cove in Hobe Sound

For families, the Martin County School District is one of the highest rated in Florida and children attend the Hobe Sound elementary school, Murray middle school and South Fork high school.  There are also a number of excellent private schools located nearby, including the Pine School.

Osprey Cove in Hobe Sound

You can find additional information at the Osprey Cove in Hobe Sound Homeowner’s Association web page.

Osprey Cove in Hobe Sound January 2017 Market Report

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Osprey Cove in Hobe Sound January 2017 Market Report

Stuart FL 34996 Residential Market Report December 2016

01.16.17 by

Stuart FL 34996 Residential Market Report December 2016

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for December 2016

 

For December 2016 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 169 active listings (Down by 17 homes from November).

Stuart FL 34996 Residential Market Report December 2016

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

Stuart FL 34996 Residential Market Report December 2016

17 Homes Sold in December (Increased by 8 homes from November).

Stuart FL 34996 Residential Market Report December 2016

The 34996 zip code area of the Stuart Florida residential real estate market showed a nice strong finish for the end of the year with improved sales and pending activity along with a drop in inventory.

The one month absorption rate for the 34996 zip code area of Stuart Florida for December dropped to 9.9 months as compared to November’s 20.6 months.  Still a buyers’ market for the 34996 zip code area of Stuart FL but trending in the right direction.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for December of 2015 were: 170 active listings, 24 pending sales and 12 closed sales.  The end of 2016 had stronger activity when compared to the finish of 2015.

Stuart FL 34996 Residential Market Report December 2016

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

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Stuart FL 34996 Residential Market Report December 2016

Stuart FL 34994 Condo Market Report December 2016

01.15.17 by

Stuart FL 34994 Condo Market Report December 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for December 2016

For December 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 86 active condo listings (Down by 12 condos from November).

Stuart FL 34994 Condo Market Report December 2016

36 Condo sales are pending and awaiting close or lender approval. (Increased by 6 condos from last month) 

Stuart FL 34994 Condo Market Report December 2016

13 Condos Sold in December (Down by 7 condos from November).

Stuart FL 34994 Condo Market Report December 2016

The Stuart FL 34994 Condo market had a drop in inventory for this month and an increase in pending sales but also a decrease in closed sales.

The absorption rate for December dropped to 6.6 months compared to last month’s 4.9.  Moving back into a balanced 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 December the numbers were 93 active listings, 29 pending sales, and 17 closed sales.   Similar activity as compared to last year with a bit more closed sales and slightly less pending sales from last year.

Stuart FL 34994 Condo Market Report December 2016

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Stuart Florida Market Report ZIP Code 34994 – Condo, December 2016

Stuart Florida Market Report ZIP Code 34994 Residential December 2016

01.14.17 by

Stuart Florida Market Report ZIP Code 34994 Residential December 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for December 2016

For December, 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 52 active listings (Increased by 7 homes from November)

Stuart Florida Market Report ZIP Code 34994 Residential December 2016

18 Residential sales are pending and awaiting close or lender approval (Decreased by 13 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential December 2016

19 Homes Sold in November (Up by 5 homes from November)

Stuart Florida Market Report ZIP Code 34994 Residential December 2016

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues with very strong activity.  The issue is once again becoming the inventory with very few numbers of available homes for sale on the market.

The one month absorption rate for the 34994 zip code for December declined to 2.7 months from 3.2 months for November.  Continuing as a very strong sellers’ 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 December 2015 numbers were 59 Active Listings, 19 pending sales and 12 closed sales.  Stronger activity for this December with lower inventory.

Stuart Florida Market Report ZIP Code 34994 Residential December 2016

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Stuart Florida Market Report ZIP Code 34994 Residential December 2016

Sewalls Point Single Family Market Report December 2016

01.13.17 by

Sewalls Point Single Family Market Report December 2016

Sewalls Point Real Estate Snapshot, Residential Sales for December 2016

 

There are currently 62 active listings (Down by 12 homes since last month)

Sewalls Point Single Family Market Report December 2016

10 home sales are pending and awaiting close or lender approval (Decreased by 1 home from November)

Sewalls Point Single Family Market Report December 2016

11 Homes sold in December (Increased by 9 homes sales from November)

Sewalls Point Single Family Market Report December 2016

The single family real estate market in Sewalls Point showed a surprising surge of activity for December 2016 after two pretty week months in the fall.  Pending sales remained steady and there was a strong increase in closed sales.  The inventory of available homes also declined.

The current absorption rate plunged to 5.6 months, in November it was 37 months.  Into a slight sellers market for Sewalls Point.  It’s been quite a while for Sewalls Point to enjoy such robust activity.  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 December of 2015, the inventory was 51 homes on the market, 13 pending sales and there were 3 closed sales.  Showing much better activity this year as opposed to 2015.

Sewalls Point Single Family Market Report December 2016

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Sewalls Point Single Family Market Report December 2016

 

Portofino Condos at Jensen Beach January 2017 Market Update

01.13.17 by

Portofino Condos at Jensen Beach January 2017 Market Update

As of January 2017 there is only 1 condo available for sale in Portofino.  It is listed for sale at a price of $92,500 and or $115.34 per sq. ft. of living area.

There are 2 condos under contract at this time.  List prices were $125,000 and $147,000 for an average list price of $136,000 which is $118.94.  These two condos averaged 49 days on the market before going under contract.

In the past 12 months, 6 Portofino condos have sold, ranging in sales price from $77,500 to $131,500 for an average sales price of $110,583 which equals a price per sq. ft. of $109.58.  The average days on market was 39 and the average list to sales price ratio was 94%.

About the Portofino Condos at Jensen Beach:

Portofino Condos at Jensen Beach January 2017 Market Update

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 January 2017 Market Update 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.

Portofino Condos at Jensen Beach

Portofino Condos at Jensen Beach

 

Portofino Condos at Jensen Beach January 2017 Market Update

Portofino Condos at Jensen Beach January 2017 Market UpdateThe Condo Owners Association fees range from $190 to $315 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.

Portofino Condos at Jensen Beach January 2017 Market Update

Portofino at Jensen Beach

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.

Portofino Condos at Jensen Beach

Portofino Condos at Jensen Beach

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.

 

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Portofino Condos at Jensen Beach January 2017 Market Update

Tradewinds on Hutchinson Island January 2017 Market Report

01.12.17 by

Tradewinds on Hutchinson Island January 2017 Market Report

As of January 2017 there are two townhouses for sale in Tradewinds on Hutchinson Island in Jensen Beach FL.  List prices for these townhouses are $379,000 and $389,000 for an average list price of $384,000 which equals $200.05 per sq. ft. of living area.

There are no townhouses currently under contract.

In the past 12 months, 1 home has sold.  The sales price was $235,000 or $63.19 per sq. ft. of living area.  This home was on the market for 43 days and sold for 94% of list price.

About Tradewinds in Jensen Beach:

Tradewinds on Hutchinson Island in Jensen Beach

Located west of A-1-A  (Ocean Drive) on Hutchinson Island in Jensen Beach (Saint Lucie County) and just approximately 3 miles north of the Jensen Beach Causeway is this unique townhome community by the name of Tradewinds.

Tradewinds on Hutchinson Island in Jensen Beach Tradewinds on Hutchinson Island in Jensen Beach

There are a total of 14 townhomes in Tradewinds.  Two large Spanish Med style units on the north end were completed in 2009 while the other 10 are in a Key West style and were completed between 2012 and 2014.

The older units are quite large with over 3,500 sq. ft. of living space on two and three levels and numerous bedrooms and bathrooms and garages.  The newer units are all 3 bedroom, 2 and ½ bathroom homes with approximately 2,300 sq. ft. of living area with reserved parking.  There is one end unit that has a detached garage.

Tradewinds on Hutchinson Island in Jensen Beach Tradewinds on Hutchinson Island in Jensen Beach

All ages are welcome and up to two large pets are OK.  Rentals are also permitted with some restrictions.

These townhomes are deeded as condos so the monthly fee of $400 (as of January 2017) includes maintenance and insurance for all structures and common areas.  There is a community pool as well as a community pier with deeded docks on the Indian River (Intracoastal Waterway).  Residents of these townhomes have the ability to go fishing on the Intracoastal from their boat or right from the dock, or simply just walk across the street to enjoy the crystal clear waters of the Atlantic Ocean.

Tradewinds on Hutchinson Island in Jensen Beach Tradewinds on Hutchinson Island in Jensen Beach

Because of the limited number of residences in the Tradewinds, these don’t come on the market very often, so please contact me for a listing alert for any new townhomes that come on the market in the Tradewinds.

 

Lake Tuscany Pool Home Sold

01.11.17 by

Lake Tuscany Pool Home Sold

Just sold in Lake Tuscany.  This home was listed for $435,000 and sold for $422,000 after only 12 days on the market.

Lake Tuscany pool home in Stuart Florida

A 2005 built Mercedes home with gorgeous lake views. This is a 4 bedroom, 3 bathroom, plus den/office with a 3 car garage.  Loaded with generous updates and features including a private lot with 166 feet of lake front, a saltwater pool and plantation shutters throughout.  There is ample room for entertaining large groups.  This home is conveniently located on a cul de sac for privacy.  Lake Tuscany is in a wonderful location with easy access to I-95 as well as shopping and downtown Stuart FL and the beaches.  This is like a model home with decorative ceiling fans, formal dining and living rooms, large office with built-ins, custom closet treatments and pantry, beautiful wood flooring in main living spaces, large kitchen with eat-in dining area and a large laundry room with built-ins.

Lake Tuscany pool home in Stuart Florida Lake Tuscany pool home in Stuart Florida

Lake Tuscany pool home in Stuart Florida Lake Tuscany pool home in Stuart Florida

About Lake Tuscany in Stuart FLorida

Search for currently available homes in Lake Tuscany in Stuart Florida

Lake Tuscany in Stuart Florida is a newer subdivision just to the west of I-95 in Martin County, Florida.  The homes in Lake Tuscany were mostly completed between 2004 to 2005.  This attractive subdivision is set up with a gated entrance and all 98 homes in Lake Tuscany are on Panther Trace which makes a large circle around the lake in the center.  Homes range from 3 Bedroom, 3 Bath or 4 BR 2 Baths of around 2100 sq. ft. of living area to spacious 6 Bedroom, 4 Bathroom 2 story homes with lofts and theater rooms with pools by the lakeside along with 3 car garages.  All are high quality homes built by local builder Mercedes Homes.

Lake Tuscany in Stuart Florida

Lake Tuscany boasts lush landscaping and very reasonable Home Owner’s Association fees of $316 per quarter (as of November 2016).  These fees cover security, the common areas and lake upkeep, basic cable, trash collection and front landscaping.  The Lake Tuscany property owners web site is located at this site.

Lake Tuscany in Stuart Florida

Families in Lake Tuscany enjoy Martin County’s ‘A’ rated schools in the following schools: Crystal Lake Elementary, David L Anderson Middle School and South Fork High School.  Shopping is only minutes away and there’s easy access to Martin County’s waterways and just a short drive to the many public beaches.

Lake Tuscany in Stuart Florida

  Search for currently available homes in Lake Tuscany in Stuart Florida

the Florida Club January 2017 Market Activity

01.10.17 by

the Florida Club January 2017 Market Activity

Stuart, Florida

As of January 2017:

There are currently 12 Florida Club homes for sale.  List prices range from $259,900 up to $519,000 for an average list price of $394,405 which works out to $181.08 per sq. ft. of living area.

There are 4 homes under contract awaiting the completion of their sales.  List prices ranged from $254,315 to $459,000 for an average list price of  $333,076 or $172.98 per sq. ft of living area.  These homes averaged 100 days on the market before going under contract.

In the past 12 months, 30 homes have sold in the Florida Club with sales prices ranging from $237,500 to $495,000 for an average sales price of $316,754 which equals $164.44 per square foot of living area.  The average days on market was 78 days with a 97% list to sales price ratio.

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.

As of this writing, homes can be purchased in the Florida Club from the mid to high $100’s for villas to the upper $400’s for larger estate homes. 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 January 2017 Market Activity please visit their web site: Florida Club Web Site and watch their welcome video below:

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the Florida Club January 2017 Market Activity