Buttonwood Condos November 2016 Market Report

Buttonwood Condos November 2016 Market Report

In late November 2016, there is only 1 condo available for sale in Buttonwood on Hutchinson Island in Stuart FL.  The list price is $500,000 which equals $304.14 per sq. ft. of living area.

No condos are currently under contract in Buttonwood.

In the past 12 months, 2 condos have sold.  Sale prices were $560,000 and $825,000 which averages out to $692,500 or $301.88 per sq. ft. of living area.  These two sales sold for an average of 97% of list price and went under contract within 73 days of being listed.

Buttonwood Condos on Hutchinson Island

Buttonwood Condos on Hutchinson Island

The Buttonwood Condos on Hutchinson Island are some of the most spacious homes available on the ocean.  These condos were built in 1983 and offer only 18 residences for discerning customers interested in a luxury ocean front lifestyle.  These condos range in size from a 3 bedroom, 4 bath residences of just under 2,300 sq. ft. of air conditioned space plus balconies down to 2 bedroom, 2 bath with over 1,600 sq. ft.

Buttonwood Condos on Hutchinson Island Buttonwood Condos on Hutchinson Island

Buttonwood residents enjoy private access to their own beach on the Atlantic, a heated pol and spa, clubhouse and tennis court.  Additional amenities include private garages for all units, a vehicle wash area and bicycle storage.

Buttonwood Condos on Hutchinson Island Buttonwood Condos on Hutchinson Island

Buttonwood is a pet friendly building with up to 2 large dogs permitted.  No rentals are allowed.

Buttonwood Condos on Hutchinson Island Buttonwood Condos on Hutchinson Island

Condo and management fees are just over $800 a month.  Buttonwood Condos on Hutchinson Island in Stuart FL is located approximately 1 mile north of the Stuart Causeway.

Buttonwood Condos on Hutchinson Island Buttonwood Condos on Hutchinson Island

Search here for all Buttonwood condos for Sale

Links to all Martin County Condos on Hutchinson Island in Stuart and Jensen Beach you may wish to consider:
Angler Cove  Beachwood Villas  Buttonwood  Dune Condominium  Fairwinds Cove  Green Turtle Cove  Hutchinson House Indian River Plantation Condos  Islander 12  Jensen Beach Club  Little Ocean Club  Little Ocean Place  Maritimes  Ocean View Sailfish Point  Sandpebble  Seaside  Suntide

Jensen Beach FL 34957 Condo Market Report October 2016

Jensen Beach FL 34957 Condo Market Report October 2016

 

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

 

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



There are currently 128 active listings. (Increased by 13 condos from September)

Jensen Beach FL 34957 Condo Market Report October 2016

30 Condo sales are pending and awaiting settlement. (Down by 7 condos from September)

Jensen Beach FL 34957 Condo Market Report October 2016

22 Condos Sold (Up by 5 condos from September)

Jensen Beach FL 34957 Condo Market Report October 2016

 For the Jensen Beach FL 34957 Condo Market Report October 2016 had a surprisingly good month in what is typically a slow month for closed activity.  Closed sales were up as well as a nice little jump in inventory. Pending sales were off, but still pretty good.

The one month absorption rate for the October 2016, Jensen Beach Florida Market Report ZIP Code 34957 decreased to 5.8 months (from 6.7 months in September), moving the Jensen Beach condo market back towards a sellers market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The October 2015 numbers were: 24 active listings, 17 pending sales and 4 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.

Jensen Beach FL 34957 Condo Market Report October 2016

Jensen Beach Florida Real Estate presented by:
Gabe Sanders

Gabe Sanders

Jensen Beach FL 34957 Condo Market Report October 2016

Islandia Condos November 2016 Market Report

Islandia Condos November 2016 Market Report

In late November 2016 there were 11 condos for sale in Islandia.  List prices range from $274,900 up to $480,000 for an average list price of $375,782 or $284.52 per sq. ft. of living area.

There are 7 condos currently under contract in Islandia.  Listing prices were from $275,500 to $399,900 for an average list price of $339,014 which is $255.16 per sq. ft. of living area.  These condos averaged 91 days on market before going under contract.

In the past 12 months, 30 Islandia condos have sold.  Sales prices ranged from $205,000 up to $550,000 for an average sales price of $337,457 which is equal to $246.34 per sq. ft.  These units sold for an average of 96% of list price and averaged 84 days on market prior to going under contract.

The Islandia Condos of Jensen Beach

Islandia Condos of Jensen Beach

The Islandia Condos of Jensen Beach on Hutchinson Island consist of two 20 story buildings that were built in 1982. There are 388 total residences in these two buildings which are called Islandia I and II. Very conveniently located to the north of the Jensen Beach Causeway, and is just a short drive away from downtown Jensen Beach, shopping and restaurants.

Islandia Condos of Jensen Beach Islandia Condos of Jensen Beach

Condos in Islandia come in large 3 bedroom, 3 bathroom units with 1,929 sq. ft. of living area plus balconies and 3 bedroom, 2 bathroom units with 1,544 sq. ft. as well as 2 bedroom, 2 bath condos with either 1,437 or 1,228 sq. ft. Islandia residents enjoy wonderful amenities that include 2 Oceanside pools, private beach access, BBQ grilling area, Jacuzzi, tennis and bocce courts, and overflow parking with trailer and RV parking spaces. Interior facilities include a large social area with bar and kitchen, billiards, fitness center and steam sauna. There is an office with on-site management and 24 guard gated security.

Islandia Condos of Jensen Beach Islandia Condos of Jensen Beach

Islandia I does not allow pets, while those in Islandia II are allowed one pet under 30 lbs. Both buildings allow rentals with restrictions. The condo association fees at the time this is being written are from $1,420 to $1,950 per quarter.

Islandia Condos of Jensen Beach Islandia Condos of Jensen Beach

Those looking for a friendly beach community on Hutchinson Island in Jensen Beach should take a look at the Islandia Condo offerings.

Islandia Condos of Jensen Beach Islandia Condos of Jensen Beach

Click here for currently available Islandia Condos for Sale

Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you may wish to consider:
Admiral  Atlantis  Claridge  Dune Walk  Empress  Island Club –  Island Crest  Island Dunes  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

 

Jensen Beach FL 34957 Residential Market Report October 2016

Jensen Beach FL 34957 Residential Market Report October 2016

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

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

 There are currently 171 active listings. (Up by 2 homes from last month)

Jensen Beach FL 34957 Residential Market Report October 2016

69 Residential sales are pending and awaiting close or lender approval. (Decreased by 9 homes from September)

Jensen Beach FL 34957 Residential Market Report October 2016

37 Homes Sold (Up by 5 home sales from September)

Jensen Beach FL 34957 Residential Market Report October 2016

The Jensen Beach FL 34957 Residential Market continues to show strong activity for October.  Close and pending sales remained active and the inventory made a small gain.  One of the strongest markets currently in Martin County.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 4.6 months ( was 5.3 months in September).  A stronger sellers’ market for the Jensen Beach residential real estate segment as compared to last month.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The October 2015 numbers were: 133 active listings, 48 pending sales and 27 home sales closed.  One of the few areas of martin County with a much stronger market when compared to last year.
Jensen Beach FL 34957 Residential Market Report October 2016

Search here for Jensen Beach Real Estate for Sale

Residential Properties

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Jensen Beach Florida Real Estate presented by:
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Jensen Beach FL 34957 Residential Market Report October 2016

Riverbend at IRP November 2016 Market Report

Riverbend at IRP November 2016 Market Report

In November of 2016 there were 4 condos for sale in the Riverbend community of Indian River Plantation.  List prices range from $365,000 up to $439,900 for an average list price of $395,975 or $248.94 per sq. ft. of living area.

There is one condo under contract which was listed at $450,000 or $329.43 per sq. ft. of living area.  This condo went under contract 7 days after it was listed.

In the past 12 months, 8 condos have sold.  Sales prices ranged from $240,000 up to $495,000 for an average sales price of $386,688 which equals $237.27 per sq. ft.  These units sold for an average of 94% of list price and averaged 75 days on market prior to going under contract.

Riverbend in Indian River Plantation

Riverbend in Indian River Plantation

The Riverbend condos of Hutchinson Island in the Indian River Plantation complex of Stuart consist of five three story elevator buildings close to the Marriott Resort and full service marina in Indian River Plantation. These units were built between 198 and 1989 with many condos having magnificent wide water views of the Intracoastal Waterway also knows as the Indian River and others with sweeping views of the Indian River Plantation Golf Course and lakes.

aerial 2 Riverbend in Indian River Plantation

There are 86 spacious condos with a mix of three bedroom, three bathroom condos of 1,950 sq. ft. and two bedroom two bath condos ranging in size from 1,366 or 1,735 sq. ft. of living area. This is a pet friendly building with up to two large pets permitted. Riverbend residents enjoy their own community pool for Riverbend resident’s exclusive use. Covered parking is also a plus with either under building parking or private detached garages.

Riverbend in Indian River Plantation Riverbend in Indian River Plantation

Current condo and management fees are from $1,560 to 1,890 per quarter depending on the size of the condo.

Riverbend in Indian River Plantation Riverbend in Indian River Plantation

Click here to view available Riverbend Condos for Sale

 

The Marriott Resort at Indian River Plantation Features:

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.

Riverbend in Indian River Plantation Riverbend in Indian River Plantation

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.

Riverbend in Indian River Plantation Riverbend in Indian River Plantation

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.

views 3 Riverbend in Indian River Plantation

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.

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.

Search Hutchinson Island Homes For Sale

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

Links to all Martin County Condos on Hutchinson Island in Stuart and Jensen Beach you may wish to consider:
Angler Cove  Beachwood Villas  Buttonwood  Dune Condominium  Fairwinds Cove  Green Turtle Cove  Hutchinson House Indian River Plantation Condos  Islander 12  Jensen Beach Club  Little Ocean Club  Little Ocean Place  Maritimes  Ocean View Sailfish Point  Sandpebble  Seaside  Suntide

 

 

 

Palm City FL 34990 Condo Market Report October 2016

Palm City FL 34990 Condo Market Report October 2016

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

 

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



There are currently 76 active condo listings. (Increased by 5 condos from September)

   Palm City FL 34990 Condo Market Report October 2016

9 Condo sales are pending and awaiting close or lender approval. (Unchanged from last month)

Palm City FL 34990 Condo Market Report October 2016

5 Condos Sold in October. (Up by 1 condos from September)

Palm City FL 34990 Condo Market Report October 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. Inventory has been rising for a few months now and closed sales are not increasing enough to offset this increase even though it has increased.

The current absorption rate for condos in the 34990 zip code area dropped to 15.2 months (was 17.8 months in October). Remaining a strong buyers’ market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The October 2015 numbers were: 54 active listings, 10 pending sales and 3 closed sales.   A little more closed activity this year, but this is with a significantly greater inventory of active condos listed for sale.
Palm City FL 34990 Condo Market Report October 2016

Stuart Florida Real Estate presented by:
Gabe Sanders

 

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report October 2016

Palm City FL 34990 Residential Market Report October 2016

Palm City FL 34990 Residential Market Report October 2016

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

 

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

 

There are currently 400 active listings (Increased by 23 homes from September)

Palm City FL 34990 Residential Market Report October 2016

 114 Residential sales are pending and awaiting close or lender approval. (Down by 7 homes from last month)

Palm City FL 34990 Residential Market Report October 2016

55 Homes Sold in September (Up by 1 homes from September)

Palm City FL 34990 Residential Market Report October 2016

The Palm City FL, zip code 34990 residential real estate market activity is showing some weakness going into a buyers market for the first time in years.  Inventory is up above last year while sales and ending sales have decreased.
The monthly absorption rate increased to to 7.3 months from 7 months in September.  Now a buyers market for the first time in a few years 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 October 2015 numbers were:  377 active listings, 137 pending sales and 58 closed sales.  This is the second month with weaker activity for this year as compared to last year.

Palm City FL 34990 Residential Market Report October 2016

 Search here for Palm City Florida Real Estate for Sale

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

 

Palm City FL 34990 Residential Market Report October 2016

Island Club Condos November 2016 Market Report

Island Club Condos November 2016 Market Report

In late November 2016 there were 3 condos for sale in the Island Club on Hutchinson Island which is also sometimes called the Hutchinson Island Club.  These 3 condos are listed from $275,000 up to $399,900 for an average list price of $326,600 or $224.93 per sq. ft. of living area.

There is one condo currently under contract which has not sold to date.  The list price was $279,900 or $192.77 per sq. ft. of living area.  This condo was on the market for 38 days before going under contract.

In the past 12 months, 4 condos have sold.  Sales prices ranged from $260,000 up to $375,000 for an average sales price of $322,500 which is equal to $222.11 per sq. ft.  These units sold for an average of 94% of list price and averaged 95 days on market prior to going under contract.

The Island Club Condos in Jensen Beach

Island Club Condos on Hutchinson Island in Jensen Beach

The Island Club Condos of Jensen Beach are also known as the Hutchinson Island Club.  This one of a kind condo building was built in 1977 just to the south of the Waveland Public beach on Saint Lucie County to the north of the Jensen Beach Causeway. There are 92 residences in this 11 story building.

Island Club Condos on Hutchinson Island in Jensen Beach Island Club Condos on Hutchinson Island in Jensen Beach

The Island Club is unique because it features spectacular ocean views from floor to ceiling windows in all units.  All of these condos are also considerably larger than your average oceanfront offering with a number of 2 story 3 bedroom plus den, 3 bathroom condos of 2,524 sq. ft. not including the balconies as well as roomy 2 bedroom, 2 bath condos with 1,452 sq. ft. of living area. Some units have a detached one car garage.  Though there is reserved parking and ample guest parking for all.

Island Club Condos on Hutchinson Island in Jensen Beach Island Club Condos on Hutchinson Island in Jensen Beach

Amenities in the Island Club are a heated a pool, Jacuzzi, fitness room, kitchen, social area, billiard room, library, bar, BBQ grills, gazebo, sauna and shuffleboard courts.  All of this for just over $600 a month condo fees plus some for larger units and those that come with a one car garage.

Island Club Condos on Hutchinson Island in Jensen Beach Island Club Condos on Hutchinson Island in Jensen Beach

Sorry, no pets are permitted in the Island Club, but rentals are allowed with some restrictions.

Island Club Condos on Hutchinson Island in Jensen Beach Island Club Condos on Hutchinson Island in Jensen Beach

If you’re in the market for unparalleled views from a spacious home on the ocean, the Hutchinson Island Club may be the perfect spot for you.

Click here for currently available Island Club Condos for Sale

Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you may wish to consider:
Admiral  Atlantis  Claridge  Dune Walk  Empress  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

Stuart FL 34997 Condo Market Report October 2016

Stuart FL 34997 Condo Market Report October 2016

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

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

There are currently 72 active condo listings (Unchaged from September).

Stuart FL 34997 Condo Market Report October 2016

27 Condo sales are pending and awaiting close or lender approval (Up by 8 condos from September).

Stuart FL 34997 Condo Market Report October 2016

6 Condos Sold in October (Decreased by 10 condos from September).

Stuart FL 34997 Condo Market Report October 2016

     The Stuart FL condo market for zip code 34997 had reduced sales activity and increased inventory for October 2016 with a promising increase in pending sales.
     The absorption rate dropped to 12 months in October from 4.5 months for September. A buyers’ market for the first time in a while 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 October 2015 numbers were: 59 active listings, 21 pending sales and 12 closed sales.  Better pending activity this year with less closed sales activity.  The inventory is up.

Stuart FL 34997 Condo Market Report October 2016

Stuart Florida Real Estate presented by:
Gabe Sanders

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

The Arbors in Hobe Sound November 2016 Market Report

The Arbors in Hobe Sound November 2016 Market Report

There are 4 available homes for sale in The Arbors as of November 2016.  List prices range from $435,000 up to $629,900 for an average of $517,975 which equals $201.22 per sq. ft. of living area.

There is one home under contract which has not completed the sales process.  The list price is $570,000 or $192.57 per sq. ft. of living area.  This home was on the market for 43 days prior to going under contract.

In the past 12 months, 9 homes have sold in the Arbors.  Sales prices ranged from $345,000 up to $584,000 for an average sales price of $471,000 which equals $188.70 per s. ft. of living area.  These sales averaged at 96% of the listed price and were on the market for an average of 104 days prior to entering into an agreement for sale.

The Arbors in Hobe Sound FL

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.

Search for all Arbors Homes in Hobe Sound Real Estate

Stuart FL 34997 Residential Market Report October 2016

Stuart FL 34997 Residential Market Report October 2016

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

There are currently 331 active listings (Increased by 21 homes from September).

Stuart FL 34997 Residential Market Report October 2016

132 Residential sales are pending and awaiting close or lender approval (Unchanged from September).

Stuart FL 34997 Residential Market Report October 2016

58 Homes Sold in October (Decreased by 41 homes from September)

Stuart FL 34997 Residential Market Report October 2016

      The Stuart Florida Residential Market for ZIP Code 34997 is the largest segment of the Stuart FL residential real estate and for this month there was a sizeable slowdown in closed sales along with a big jump in inventory.
     The absorption rate decreased slightly to 5.7 months (was 3.5 months for September).  Almost back up to a balanced market for the 34997 zip code area of Stuart FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2015 numbers for October, were: 308 active listings, 163 pending listings and 66 closed sales.  Considerably stronger activity last year with less inventory.
Stuart FL 34997 Residential Market Report October 2016

Search here for 34997 Zip Code of Stuart FL real estate for sale

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

Stuart FL 34997 Residential Market Report October 2016

Stuart FL 34996 Condo Market Report October 2016

Stuart FL 34996 Condo Market Report October 2016

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

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

There are currently 137 active condo listings (Up by 5 condos last month).

Stuart FL 34996 Condo Market Report October 2016

23 Condo sales are pending and awaiting close or lender approval (Decreased by 2 condos from September).

Stuart FL 34996 Condo Market Report October 2016

11 Condos Sold in October (Down by 10 condos from September) 

Stuart FL 34996 Condo Market Report October 2016

The Stuart FL 34996 Condo Market of Stuart eased off in closed and pending sales while continuing to gain in inventory.  This is not an unexpected result as we are in the slower season for condo sales which traditionally rely on the second home market.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 jumped to 12.5 months from September’s 6.3 months.  A buyers market as the condo season winds down for the end of the season.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for October 2015 were: 79 active listings, 29 pending sales and 26 closed sales.  Considerably stronger condo market last year.

Stuart FL 34996 Condo Market Report October 2016

Search Stuart FL Condos Here

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report October 2016

Lake Tuscany Pool Home Under Contract

Lake Tuscany Pool Home Under Contract

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

Stuart FL 34996 Residential Market Report October 2016

Stuart FL 34996 Residential Market Report October 2016

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

 

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

 

There are currently 174 active listings (Up by 13 homes from September).

Stuart FL 34996 Residential Market Report October 2016

25 Residential sales are pending and awaiting close or lender approval (Down by 2 homes from September).

Stuart FL 34996 Residential Market Report October 2016

15 Homes Sold in October (Increased by 2 homes from September).

Stuart FL 34996 Residential Market Report October 2016

The 34996 zip code area of the Stuart Florida residential real estate market improved for October 2016 after a weaker previous two months.

The one month absorption rate for the 34996 zip code area of Stuart Florida for October decreased to 11.6 months as compared to September’s 12.4 months.  The  third month in a row as a buyers’ market for the 34996 zip code area of Stuart FL after a long string of being in a sellers market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for October of 2015 were: 161 active listings, 17 pending sales and 12 closed sales.  Improved sales activity from last year with an increase in inventory as well.

Stuart FL 34996 Residential Market Report October 2016

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

Stuart Florida Real Estate presented by:

Gabe Sanders – Stuart Florida Real Estate

Stuart FL 34996 Residential Market Report October 2016

Stuart FL 34994 Condo Market Report October 2016

Stuart FL 34994 Condo Market Report October 2016

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

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

There are currently 93 active condo listings (Up by 1 condos from September).

Stuart FL 34994 Condo Market Report October 2016

30 Condo sales are pending and awaiting close or lender approval. (Increased by 2 condos from last month) 

Stuart FL 34994 Condo Market Report October 2016

14 Condos Sold in October (Down by 4 condos from September).

Stuart FL 34994 Condo Market Report October 2016

The Stuart FL 34994 Condo market moderated for last month after a pretty strong summer.  This is what we expect for the condo market in this time of the year.  This should continue until the first of the year when activity will pick up steam once again.

The absorption rate for October increased to 6.5 months compared to last month’s 5.1.  Moving into a balanced market for this condo segment of Stuart’s 34994 zip code area.  In line for summer condo activity for the 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 October the numbers were 87 active listings, 28 pending sales, and 15 closed sales.   Very similar activity when compared to last year.

Stuart FL 34994 Condo Market Report October 2016

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

Stuart Florida Market Report ZIP Code 34994 Residential October 2016

Stuart Florida Market Report ZIP Code 34994 Residential October 2016

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

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

There are currently 56 active listings (Decreased by 8 homes from September)

Stuart Florida Market Report ZIP Code 34994 Residential October 2016

32 Residential sales are pending and awaiting close or lender approval (Decreased by 2 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential October 2016

16 Homes Sold in September (Up by 5 homes from September)

Stuart Florida Market Report ZIP Code 34994 Residential October 2016

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had very strong activity for what is typically a slow month for the area.  Unfortunately the inventory of active listings is getting a bit to small once again.

The one month absorption rate for the 34994 zip code for October plunged to 3.5 months from 5.8 months for September.  Back into a 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 October 2015 numbers were 55 Active Listings, 30 pending sales and 8 closed sales.  A much improved market for this year when compared with last year..

Stuart Florida Market Report ZIP Code 34994 Residential October 2016

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Stuart Florida Market Report ZIP Code 34994 Residential October 2016

November 2016 Market Report for Legacy Cove in Stuart Florida

November 2016 Market Report for Legacy Cove in Stuart Florida

There are currently 6 homes for sale in Legacy Cove in Stuart, FL.  Listing prices range from $309,900 to $459,000 for an average listing price of $384,450 or a price per square foot of living area of $162.96.

There are three homes under contract. List prices are $289,000 up to $407,900 for an average list price of $338,267 which equals $175.42 per sq. ft. of living area.  These three homes were on the market for an average of 63 days before going under contract.

In the past 12 months, 10 homes have sold in Legacy Cove with sales prices ranging from $329,000 up to $486,900 for an average sales price of $368,344 or $159.12 per sq. ft. of living area.  These sales averaged 97% of list price and went under contract in an average of 51 days after going on the market.

Legacy Cove in Stuart FL

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

Legacy Cove in Stuart FL

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

Legacy Cove in Stuart FL

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

Legacy Cove in Stuart FL

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

Legacy Cove in Stuart FL

The HOA fees are very reasonable at $688.00 per quarter.  Management of the community is through Bristol Management of Stuart.

Legacy Cove in Stuart FL

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

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November 2016 Market Report for Legacy Cove in Stuart Florida

 

Sewalls Point Single Family Market Report October 2016

Sewalls Point Single Family Market Report October 2016

Sewalls Point Real Estate Snapshot, Residential Sales for October 2016

There are currently 79 active listings (Up by 10 homes since last month)

Sewalls Point Single Family Market Report October 2016

10 home sales are pending and awaiting close or lender approval (Unchanged from September)

Sewalls Point Single Family Market Report October 2016

6 Homes sold in October (Decreased by 1 home sales from September)

Sewalls Point Single Family Market Report October 2016

The single family real estate market in Sewalls Point took a step back for October 2016 after improving numbers throughout the summer.  Pending and closed sales remained fairly steady but the inventory of available homes jumped up unexpectedly.

The current absorption rate jumped to 13.2 months, in September it was 9.9 months.  Retreating from the improved numbers for last month.  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 October of 2015, the inventory was 62 homes on the market, 9 pending sales and there were 8 closed sales.  October 2015 showed greater closed activity, slightly less pending activity though this was with considerably less inventory.

Sewalls Point Single Family Market Report October 2016

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Sewalls Point Single Family Market Report October 2016

 

November 2016 Market Report for River Pines in Stuart FL

November 2016 Market Report for River Pines in Stuart FL

As of November 2016, there are 6 active listings in the River Pines townhomes of Stuart, FL.  Listing prices range from $142,500 up to $160,000 which equals an average list price of $150,917 or $117.17 per sq. ft. of living area.

There are 4 homes under contract awaiting sale.  List prices are from $134,900 up to $155,000 for an average list price of $142,225 or $110.43 per sq. ft. of living area.  These homes went under contract in an average of 27 days.

In the past 12 months, 21 townhomes have sold in River Pines with sales prices ranging from $95,000 to $150,000 for an average sales price of  $134,200 which equals $103.37 per sq. ft. of living area.  These homes sold at an average of 97% of list price and were under contract in an average of 53 days after going on the market.

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 November, 2014 HOA fees were $160 per month.

River Pines in Stuart FL

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November 2016 Market Report for River Pines in Stuart FL

St. Lucie County Townhouses and Condos 2016 3’rd Quarter Report

Quarterly Market Report for St. Lucie County Townhouses and Condos

3’rd Quarter 2016

Click the image below to view the full details of the St. Lucie County townhouses and condos market report data as reported by St. Lucie County Realtor for the 3’rd quarter of 2016.

St. Lucie County Townhouses and Condos 2016 3'rd Quarter Report

Sales and pending sale volume was down this quarter as compared to the 3’rd quarter of 2015 while prices continued to rise.  Active inventory also declines making this townhouse and condo market even more of a sellers’ market.

View the entire set of data at GabeSanders.com