September 2016 Monthly Market Detail Florida Townhouses and Condos

The September 2016 Monthly Market Detail Florida Townhouses and Condos had a weaker month for sale activity as compared to last year. Closed sales were down by 3.9% as compared to last months increase of 3.3% and new sales under contract (new pending sales) decreased by 5% (In August there was a 6.1% decrease).

Price changes were mixed this month with the median prices rising while average prices declined.. Median sales prices were up by 6.7% (was also up by 6.7% in August), while the average sales price decreased by 2.9% (was up 3.4% in August). As sales activity decreases and if inventory continues to increase, I expect these prices to continue to moderate.

The inventory increased by 9.3% from September of last year. For August 2016 we have 5.8 months of inventory (was also 5.8 months in August) and compared to 5.1 for September 2015. We are approaching a balanced market for Florida townhouse and condo sales. 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:
September 2016 Monthly Market Detail Florida Townhouses and Condos

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.

September 2016 Monthly Market Detail Florida Townhouses and Condos

Beau Rivage October 2016 Market Report

10.27.16 by Gabe Sanders

Beau Rivage October 2016 Market Report

For October 2016, there are 4 homes for sale in Beau Rivage. List prices range from $339,000 up to $859,900 for an average list price of $474,700 or $181.90 per sq. ft. of living area.

There are 2 homes under contract which haven’t completed their sale. List prices for these homes were $189,900 and $224,900 for an average list price of $207,400 which works out to $133.63 per sq. ft. of living area. These homes averaged 34 days on the market before going under contract.

In the past 12 months, 13 homes have sold in Beau Rivage. Sales prices ranged from $185,000 up to $850,000. The average sales price was $370,362 which equaled $163.76 per sq. ft. of living area. These homes averaged 93 days on market before going under contract and sold for an average of 96% of the last list price.

About Beau Rivage Real Estate in Stuart FL

Nestled along the St. Lucie River in Stuart, Beau Rivage Estates feature beautiful family homes, many with waterfront and ocean access! Imagine being able to walk out of your back door and have your 20’ weekend escape sitting in the water waiting for you! The neighborhood features homes with spacious yards and gorgeous landscaping. The homes have large bedrooms, family and Florida rooms. Most homes even have pools! As if Beau Rivage Estates didn’t sound great already, it is also minutes away from Stuart and Jensen Beach’s hot spots such as the Treasure Coast Square Mall, along with many shopping centers, and great chain and local restaurants. ‘A’ rated schools; Jensen Beach High School, Jensen Beach Elementary school and Felix A. Williams are all fantastic schools that are close by!

Beau Rivage Estates is actually in Saint Lucie County, but the local addresses are in Stuart, Florida and Beau Rivage residents attend Martin County schools.

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September 2016 Monthly Market Detail Florida Single Family Homes

10.26.16 by Gabe Sanders

September 2016 Monthly Market Detail Florida Single Family Homes

The September 2016 Monthly Market Detail Florida Single Family Homes showed slightly weaker sales activity from last year. Closed sales were down by 0.5% (was up by 8.2% in August) and new sales under contract (new pending sales) were down by 4.8% (was down by 1.1% in August).

Both the median and average sales prices, though, continue to rise from September 2015 to September 2016. Up by 11.3% and 6.8% respectively, compared to August’s 12.6% and 9.3%. I expect the rate of price increases to moderate of sales continue to slow and if inventory begins to rise.

The inventory of available homes for sale fell by 1.6% from last year. For September there was only a 4.2 months supply of inventory as Florida remains in a sellers market with the advantage for sellers. (September of 2015 had a 4.3 month supply) 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:

September 2016 Monthly Market Detail Florida Single Family Homes

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.

September 2016 Monthly Market Detail Florida Single Family Homes

Admiral Condos October 2016 Market Report

10.26.16 by Gabe Sanders

Admiral Condos October 2016 Market Report

As of October 2016 there are no condos available to purchase in the Admiral on Hutchinson Island in Jensen Beach FL.

There are also no condos under contract at this time.

Int he past 12 months, 2 condos have sold in the Admiral. Sales prices were $288,645 and $305,000 for an average sales price of $296,823 which equals $198.16 per sq. ft. of living area. These two condos went under contract in an average of 144 days and sold for an average of 100% of the listed price.

About the Admiral Condominium at Island Dunes

The Admiral Condominiums at Island Dunes on Hutchinson Island in Jensen Beach FL is a high rise building with 104 condos that was built in 1983. Residents of the Admiral belong to the Island Dunes Country Club which offers a challenging nine hole golf course golf course on the on the banks of the wide Indian River, a championship tennis club , a pro shop, a deep water marina and fine dining at Pietro’s on the River, the onsite restaurant area which is open to the public.

Condos in the Admiral range from 3 bedroom, 3 bathroom units with a spacious 1,922 sq. ft. of living area (under air) down to 2 bedroom, 2 bathroom condos with 1,377 sq. ft. The current condo association fees (March 2016) range from 2,300 to 3,000 a quarter depending on the size of the condo. These fees include the many amenities for this building and the Island Dunes Country Club including both Golf and Tennis memberships as well as potential access to deep water ocean access docks.

All units have wonderful ocean views while many also have sweeping views of the Intracoastal (Indian River) as well as the Island Dunes golf course. There’s also a private beach access as well as barbecue facilities.

Wonderful amenities are included such as a full first floor common area with kitchen and space for parties, a game room, fitness center and sauna. The Admiral is a pet free building. Rentals are allowed with restrictions.

For those wishing to experience true resort style living on Hutchinson Island in Jensen Beach FL, the Admiral may be the perfect fit.

Click on this link for the currently available Admiral Condos for Sale

Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you may wish to consider:
Atlantis – 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 September 2016

10.25.16 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report September 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for September 2016

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

There are currently 5 active condo listings. (Up by 1 condos from August)

3 Condos are pending and awaiting close. (Down by 2 pending condos from August)

3 Condos sold in September. (The same number of closed sales from August)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Inventory levels are at all time lows and it is quite remarkable that there is as much activity as there is in this small segment of the Martin County real estate market.

For September, 2016 the absorption rate is 1.7 month (it was 1.3 months in August). 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 September 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 September 2015 numbers were: 2 active listings, 4 pending sales and 2 closed sales. It’s very difficult to make meaningful comparisons with such low numbers of sales and inventory.

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Hobe Sound Florida Real Estate presented by:
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Hobe Sound FL 33455 Condo Market Report September 2016

Beacon 21 Jensen Beach October 2016 Market Report

10.25.16 by Gabe Sanders

Beacon 21 Jensen Beach October 2016 Market Report

There are currently 7 condos for sale in Beacon 21 in Jensen Beach FL. These condos have listing prices from $89,000 to $110,000 for an average list price of $103,214 which equals $94.39 per sq. ft. of living area.

3 Condos are currently under contract. These condos had list prices from $74,850 up to $144,500 for an average list price of $106,450 or $93.97 per sq. ft. of living area. These condos averaged 47 days on the market before going under contract.

In the past 12 months 26 condos have sold in Beacon 21. Sales prices ranged from $59,000 up to $130,000 for an average sales price of $86,014 which works out to $77.17 per sq. ft. of living area. These condos averaged 56 days on the market before going under contract and sold for an average of 95% of the last listed price.

About: Beacon 21 Condos in Jensen Beach

Beacon 21 Condos in Jensen Beach

Beacon 21 in Jensen Beach is a low rise condominium development in Jensen Beach FL locate just north of the Saint Lucie River and off of NE Dixie Highway (State Road 707). This complex contains numerous types of condo buildings that were first built in 1973 and the last phase was completed in 1993.

Beacon 21 Condos in Jensen Beach

There are sections in Beacon 21 that are age restricted to 55 and over while other sections are open to all ages. There are just over 270 individual condos with most of them being two bedrooms and all but a few having 2 bathrooms as well. These condos come in sizes ranging from 826 sq. ft. of interior living area up to 1,440.

Most of Beacon 21’s sections are pet friendly allowing for one medium sized pet with some areas allowing up to 2. Rentals are also permitted with some restrictions.

Beacon 21 Condos in Jensen Beach

There are three pools and three tennis courts as well as a clubhouse and shuffle board courts for Beacon 21. And, as a bonus there is dockage for smaller boats (up to 21’) with ocean access. These docks are available for lease at very reasonable rates when available on a first come first served basis for owners in the Beacon 21 complex.

HOA fees vary from $200 to $450 a month depending on the location and size of the condo. Children living in Beacon 21 currently attend the Felix A Williams elementary school, Stuart middle school and the Jensen beach high school.

Beacon 21 Condos in Jensen Beach

This complex is well located only minutes from the beaches, rivers and shopping areas of Jensen Beach and Stuart FL.

Search for available Beacon 21 condos in Jensen Beach

Hobe Sound FL 33455 Residential Market Report September 2016

10.24.16 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report September 2016

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

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

There are currently 193 active listings. (Up by 21 homes from August)

64 Residential sales are pending and awaiting close (Down by 25 homes from August)

47 Homes Sold in September (Down by 1 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County returned to just very active from a red hot August. Hobe Sound remains a very strong segment of the Martin County real estate market.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 4.1 months (2.9 months in August). Still in a strong sellers market for Hobe Sound residential sales. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for September 2015 were: 162 active listings, 89 pending sales and 32 closed sales. Better closed volume for this year while last year showed better pending activity. All, with a somewhat higher inventory this year.

Search here for Hobe Sound Florida Real Estate for Sale

Rental Properties

- Rental Properties for Rent in Hobe Sound, Florida Between $0 – $100,000

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Hobe Sound FL 33455 Residential Market Report September 2016

Hummingbird Place October 2016 Market Report

10.24.16 by Gabe Sanders

Hummingbird Place October 2016 Market Report

There are currently two homes available for sale in Hummingbird Place. These homes are listed for $399,000 and $419,990 for an average list price of $409,495 or $202.11 per sq. ft. of living area.

There is one home under contract awaiting settlement and was last listed for $399,000 or $208.14 per sq. ft. of living area. It was on the market for 56 days prior to accepting this offer.

In the past 12 months, 3 homes have sold in Hummingbird Place. Sales prices ranged from $395,000 up to $425,000 for an average sales price of $405,000 or $186.98 per sq. ft. of living area. These homes averaged only 20 days on the market before going under contract and sold for 98% of the last listed price.

About: Hummingbird Place in Stuart FL

Hummingbird Place is a small gated community of 19 homes in North Stuart FL located on Britt Rd and in close proximity to the Treasure Coast Mall and the US-1 shopping area of Jensen Beach FL. This community was built between 2010 and 2014. All homes are in the Key West style and offer homes of just under 2,000 sq. ft. of living area with 3 bedrooms and 2 bathrooms up to 2,500 sq. ft. homes with 4 bedrooms and 3 baths.

Low HOA fees of $200 a month (as of October 2016) include maintenance and upkeep for the common areas and gate as well as lawn care for each home. All ages are welcome and pets are allowed. There are restrictions to commercial vehicles that are not parked inside the garage overnight.

Children living in the Hummingbird subdivision attend Felix A Williams Elementary School, Stuart Middle School and Jensen Beach High School.

Those looking for quality newer construction in a great area may want to consider Hummingbird Place.

Check here to see if any Hummingbird Place homes are available to purchase.

Jensen Beach FL 34957 Condo Market Report September 2016

10.23.16 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report September 2016

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

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

There are currently 115 active listings. (Increased by 3 condos from August)

37 Condo sales are pending and awaiting settlement. (Down by 1 condos from August)

17 Condos Sold (Down by 8 condos from August)

For the Jensen Beach FL 34957 Condo Market Report September 2016 had another increase in available condos for sale (inventory) along with a decrease in sales activity. A typical result for this condo market as we are considered to be in the off season for condos.

The one month absorption rate for the September 2016, Jensen Beach Florida Market Report ZIP Code 34957 rose to 6.7 months (from 4.3 months in August), moving the Jensen Beach condo market into a balanced market. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The September 2015 numbers were: 22 active listings, 12 pending sales and 6 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 Condominium Properties by Price

Jensen Beach Florida Real Estate presented by:
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Jensen Beach FL 34957 Condo Market Report September 2016

Jensen Beach FL 34957 Residential Market Report September 2016

10.22.16 by Gabe Sanders

Jensen Beach FL 34957 Residential Market Report September 2016

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

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

There are currently 169 active listings. (Up by 2 homes from last month)

78 Residential sales are pending and awaiting close or lender approval. (Increased by 11 homes from August)

32 Homes Sold (Up by 1 home sales from August)

The Jensen Beach FL 34957 Residential Market showed increased activity for September after last month. Both pending and closed sales numbers were higher along with a small increase in inventory.

The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 edged down to 5.3 months ( was 5.4 months in August). Still 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 September 2015 numbers were: 119 active listings, 61 pending sales and 31 home sales closed. Better closed and pending activity this year, but this is with a far greater number of available homes.

Jensen Beach FL 34957 Residential Market Report September 2016