Island Club Condos November 2015 Market Report

11.27.15 by

Island Club Condos November 2015 Market Report

In late November 2015 there were only 2 condos for sale in the Island Club on Hutchinson Island.  These two condos are listed at $300,000 and $375,000 for an average list price of $337,500 or $232.44 per sq. ft. of living area.

There are no condos currently under contract in the Island Club.

In the past 12 months, 8 condos have sold.  Sales prices ranged from $240,000 up to $510,000 for an average sales price of $329,250 which is equal to $210.90 per sq. ft.  These units sold for an average of 97% of list price and averaged 79 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

October 2015 Monthly Market Detail Florida Townhouses and Condos

11.26.15 by

October 2015 Monthly Market Detail Florida Townhouses and Condos

The October 2015 Monthly Market Detail Florida Townhouses and Condos showed weaker closed results from last year as prices continue to increase and inventory continues to decrease. Closed sales were down  by 0.9% as compared to last months increase of 8.4% and new sales under contract (new pending sales) decreased by 4.2% (In August there was a 5.5% decrease).

Both median and average sales prices continue their increases, with rises of (year to year) 7.2% and 2.4% respectively (in August they were up by 5.1% and 2.9%).  The rate of these price increases remain fairly strong, though not quite as strong as earlier in the year.

The inventory decreased by 3.4% from October of last year.  For October 2015 we have 5.3 months of inventory (was 5.2 months in September) also was 5.9 from last October.  A continued sellers market for now, as a 6 months inventory supply is considered a balanced market.

Florida Townhouses and Condos

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:
October 2015 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.

October 2015 Monthly Market Detail Florida Townhouses and Condos

Riverbend at IRP November 2015 Market Report

11.26.15 by

Riverbend at IRP November 2015 Market Report

In November of 2015 there were three condos for sale in the Riverbend community of Indian River Plantation.  List prices range from $339,000 to $439,000 for an average list price of $397,666 or $263.60 per sq. ft. of living area.

There is one condo under contract which was listed at $575,000 or $331.41 per sq. ft. of living area.  This condo went under contract 1 day after it was listed.

In the past 12 months, 7 condos have sold.  Sales prices ranged from $275,000 up to $400,000 for an average sales price of $340,828 which equals $221.31 per sq. ft.  These units sold for an average of 93% of list price and averaged 83 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

 

 

 

October 2015 Monthly Market Detail Florida Single Family Homes

11.25.15 by

October 2015 Monthly Market Detail Florida Single Family Homes

The October 2015 Monthly Market Detail Florida Single Family Homes continues to show improved activity from last year though the pace seems to have moderated a bit from recent months.  Closed sales were up by only 1.2% (was up by 13.4% in August) and new sales under contract (new pending sales) were down by 2.5% (was up by 1.0% in August).

Both median and average sales prices continue to rise ( October 2014 to October 2015) by 12.4% and 6.5% respectively, compared to August’s 11.1% and 8.6%. Prices are continuing their upward trend and this seems to be the continuing trend for the foreseeable future.

The inventory of available homes for sale fell by 6.6% from last year.  Some high demand areas of Florida have seen decreasing inventory for a number of months now.  For October there was only a 4.4 months supply of inventory, this is a sellers market with the advantage for sellers. (October of 2014 had a 5.4 month supply)

October 2015 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:

October 2015 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.

October 2015 Monthly Market Detail Florida Single Family Homes

Palm Beach County Third Quarter 2015 Real Estate Market Report

11.24.15 by

Palm Beach County Third 2015 Quarter Real Estate Market Report

Palm Beach County Third Quarter Real Estate Market Report

“According to third quarter statistics for Palm Beach County homes, median days on market dropped to an astonishing 36 days, a 33.3 percent decline year-over-year. Buyers had to make fast, educated decisions in order to secure their dream homes due to our declining inventory levels. Purchasing a property, especially in our current market conditions, can be a complicated and stressful process. If you are looking to buy or sell, let a local REALTOR® offer you the guidance you need to feel confident in your decision, said Matt Halperin, 2015 President of the Realtors® Association of the Palm Beaches (RAPB).

Palm Beach County Third Quarter 2015 Real Estate Market Report

The Arbors in Hobe Sound November 2015 Market Report

11.24.15 by

The Arbors in Hobe Sound November 2015 Market Report

There are 3 available homes for sale in The Arbors as of November 2015.  List prices are $450,000 to $598,000 for an average of $535,000 which equals $196.63 per sq. ft. of living area.

There is one homes under contract which has not completed the sales process.  The list price is $429,900 or $193.91 per sq. ft. of living area.  This home was on the market for 135 days prior to going under contract.

In the past 12 months, 12 homes have sold in the Arbors.  Sales prices ranged from $315,000 to $570,000 for an average sales price of $420,416 which equals $173.80 per s. ft. of living area.  These sales averaged at 95% of the listed price and were on the market for an average of 121 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

Saint Lucie County Third Quarter 2015 Market Report

11.23.15 by

Saint Lucie County Third Quarter 2015 Market Report

Saint Lucie County Third Quarter 2015 Market Report

“St. Lucie County housing indicators continued their upward trend in the 3rd quarter with increases in median sale price for single family homes, as well as townhouses/condos.  In addition, the City of Port St. Lucie has once again received national recognition, helping to spur our growth and expansion. Last week, Port St. Lucie was named one of “America’s 50 Best Cities to Live” according to 24/7 Wall St., a website which offers online analysis and commentary for U.S. and global investors. If you are currently in the market looking to buy or sell your home, I suggest speaking with a local REALTOR® from the REALTORS® of St. Lucie County (RSLC), a division of the Realtors® Association of the Palm Beaches (RAPB), for real insight on the home ownership process, said Kathy J. Slusser, Northern Vice President of the Realtors® Association of the Palm Beaches (RAPB).

Saint Lucie County Third Quarter 2015 Market Report

November 2015 Market Report for Legacy Cove in Stuart Florida

11.23.15 by

November 2015 Market Report for Legacy Cove in Stuart Florida

There are currently 3 homes for sale in Legacy Cove in Stuart, FL.  Listing prices range from $328,900 to $486,900 for an average listing price of $381,600 or a price per square foot of living area of $151.36.

There are no homes currently under contract

In the past 12 months, 10 homes have sold in Legacy Cove with sales prices ranging from $222,884 to $352,000 for an average sales price of $301,238 or $144.28 per sq. ft. of living area.  These sales averaged 95% of list price and went under contract in an average of 71 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.

Search here for Legacy Cove Homes for Sale

For any questions you November have about Locks landing, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Stuart Florida Real Estate

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

November 2015 Market Report for Legacy Cove in Stuart Florida

 

Martin County Third Quarter 2015 Market Report

11.22.15 by

Martin County Third Quarter 2015 Market Report

Martin County Third Quarter 2015 Market Report

“In Martin County, we closed out an incredible 3rd quarter where the median sale price of homes rose 8.2 percent to $304,000, and median days on market dropped to 38 days, down 38.7 percent compared to last year. Meanwhile, inventory continued to dry up, down nearly 25 percent to a supply of 4.5 months, which is great news for those who are contemplating selling. For prospective buyers, be aware that we are still firmly in a Seller’s market; however, new listings are up 5.3 percent year-over-year, and if this trend continues, we will find ourselves in a more balanced market. Whether you are buying or selling, seek the expertise of a local REALTOR® who can help you navigate through the obstacles of our current market and understand fair market value,” said John Slivon, Treasurer of the Realtors® Association of the Palm Beaches (RAPB).

Martin County Third Quarter 2015 Market Report

Hobe Sound FL 33455 Condo Market Report October 2015

11.21.15 by

Hobe Sound FL 33455 Condo Market Report October 2015

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for October 2015

 

For October 2014 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 4 active condo listings. (Up by 2 condos from September)

Hobe Sound FL 33455 Condo Market Report October 2015

0 Condos are pending and awaiting close. (Down by 4 condos from September)

3 Condos sold in September (Increased by 1 condos from September)

Hobe Sound FL 33455 Condo Market Report October 2015

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  The current inventory doubled from last month, but it’s still only 4 active listings.  And, with no pending listings, I’m not expecting any great activity in the coming months until we get some more condos available for sale in Hobe Sound.

The current absorption rate is 1.3 months (Last month it was 1 months).  This absorption rate should be taken with a liberal grain of salt, as small changes in activity make for very large changes on percentages that may 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 October 2014 numbers were: 19 active listings, 5 pending sales and 1 closed sales.  We actually have better closed sales for this year as compared to last year.  But with no inventory and no pending sales it doesn’t look very promising for the future.

Hobe Sound FL 33455 Condo Market Report October 2015

Search Hobe Sound Condominium Properties by Price

Hobe Sound Florida Real Estate presented by:
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Hobe Sound FL 33455 Condo Market Report October 2015

 

Hobe Sound FL 33455 Residential Market Report October 2015

11.20.15 by

Hobe Sound FL 33455 Residential Market Report October 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for October 2015

  For October 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 172 active listings. (Up by 10 homes from September)

Hobe Sound FL 33455 Residential Market Report October 2015

68 Residential sales are pending and awaiting close  (Down by 21 homes from September)

Hobe Sound FL 33455 Residential Market Report October 2015

44 Homes Sold in October (Up by 12 homes from last month)

Hobe Sound FL 33455 Residential Market Report October 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County has finally had a couple of months of increased inventory.  This was sorely needed as the pool of available homes for sale was getting to a historically low level.  And, activity continues to be very strong in this market, even as we approach our slower off season.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped down to 3.9 months (5.1 months in September).  Even a stronger sellers’ market for Hobe Sound, after edging closer to a healthier balanced market last month.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for October 2014 were:  250 active listings, 55 pending sales and 58 closed sales. Better closed activity last year, though our pending numbers are higher for 2015.  All of this with a considerably reduced inventory.

Hobe Sound FL 33455 Residential Market Report October 2015

Search here for Hobe Sound Florida Real Estate for Sale

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Hobe Sound FL 33455 Residential Market Report October 2015

Jensen Beach FL 34957 Condo Market Report October 2015

11.19.15 by

Jensen Beach FL 34957 Condo Market Report October 2015

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for October 2015

 

For October 2015 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 24 active listings. (Increased by 2 condos from September)

Jensen Beach FL 34957 Condo Market Report October 2015

17 Condo sales are pending and awaiting settlement. (Up by 5 condos from September)

Jensen Beach FL 34957 Condo Market Report October 2015

4 Condos Sold (Decreased by 2 condos from September)

Jensen Beach FL 34957 Condo Market Report October 2015

 The Jensen Beach FL 34957 Condo Market Report October 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  It was good to see an increase in inventory, though it is still at historically low levels.  Activity remains quite strong.

The one month absorption rate for the October 2015, Jensen Beach Florida Market Report ZIP Code 34957 rose to 6  months (from 3.7 months in September), bringing this segment of the Martin County condo market back into a balanced one.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The October 2014 numbers were: 33 active listings, 14 pending sales and 3 condos closed.  Overall a slight improvement this year as compared to 2014.

Jensen Beach FL 34957 Condo Market Report October 2015

Jensen Beach Condominium Properties by Price

 

Jensen Beach Florida Real Estate presented by:
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Jensen Beach FL 34957 Condo Market Report October 2015

Stuart Townhome in River Pines Pending

11.19.15 by

Stuart Townhome in River Pines Pending

Spacious 2 bedroom 2 and 1/2 bathroom River Pines townhome has been placed under contract by the Gabe Sanders BlueWater realty team.  5922 SE Riverboat Drive was listed for $149,000.

 

River Pines Townhomes

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

River Pines in Stuart FL

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

River Pines in Stuart FL

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

River Pines in Stuart FL

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

River Pines in Stuart FL

Search for all River Pines Town Homes in Stuart, FL

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Stuart Townhome in River Pines Pending

Jensen Beach FL 34957 Residential Market Report October 2015

11.18.15 by

Jensen Beach FL 34957 Residential Market Report October 2015

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for October 2015

 For October 2015 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 119 active listings. (Down by 14 homes from last month)

Jensen Beach FL 34957 Residential Market Report October 2015

48 Residential sales are pending and awaiting close or lender approval. (Down by 13 homes from September)

Jensen Beach FL 34957 Residential Market Report October 2015

27 Homes Sold (Decreased by 4 homes from September)

Jensen Beach FL 34957 Residential Market Report October 2015

The Jensen Beach FL 34957 Residential Market indicated a little slower pace with the approaching off season. Though, still a sellers market as it has been for over a year.  Interestingly, this is one of the only Martin County areas with a decrease in the inventory for October.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 4.9 months (was 3.8 months in September).  Remaining in a strong sellers market for Jensen Beach residential home sales.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The October 2014 numbers were: 125 active listings, 62 pending sales and 22 home sales closed.   A bit more closed sales this year as compared to 2014, but pending sales are not quite as strong.
Jensen Beach FL 34957 Residential Market Report October 2015

Search here for Jensen Beach Real Estate for Sale

Rental Properties

Residential Properties

All Residential properties for sale in the 34957 Zip Code area of Jensen Beach FL

Vacant Land Properties

Condominium Properties

Commercial Properties

 

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Jensen Beach FL 34957 Residential Market Report October 2015

Palm City FL 34990 Condo Market Report October 2015

11.17.15 by

Palm City FL 34990 Condo Market Report October 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for October 2015

 

For October 2015 in the 34990 Zip Code area of Palm City, Florida :



There are currently 54 active condo listings. (Increased by 2 condos from September)

Palm City FL 34990 Condo Market Report October 2015

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

Palm City FL 34990 Condo Market Report October 2015

3 Condos Sold in October. (No change in sold condos from September)

Palm City FL 34990 Condo Market Report October 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  A fairly slow market for sales, though pending sales and activity did rise for October.

The current absorption rate for condos in the 34990 zip code area increased to 18 months (was 17.3 months in October).   Even greater buyer’s market than last month. A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The October 2014 numbers were: 58 active listings, 9 pending sales and 3 closed sales.   Very similar activity as last year.
Palm City FL 34990 Condo Market Report October 2015

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Palm City Florida Real Estate presented by:
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Palm City FL 34990 Condo Market Report October 2015

Palm City FL 34990 Residential Market Report October 2015

11.16.15 by

Palm City FL 34990 Residential Market Report October 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for October 2015

 

For October 2015 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 377 active listings (Increased by 12 homes from September)

Palm City FL 34990 Residential Market Report October 2015

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

Palm City FL 34990 Residential Market Report October 2015

58 Homes Sold in September (Decreased by 2 sold homes from September)

Palm City FL 34990 Residential Market Report October 2015

After a very strong September, the Palm City FL 34990 residential real estate market continues to show excellent sales activity. Also nice to see an increase in inventory for the second month in a row.  The Palm City FL real estate market continues to show excellent resilience even as we approach our typically slower season.
 The current absorption rate increased slightly to to 6.5 months from 6 months in September.  Still 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 October 2014 numbers were:  455 active listings, 122 pending sales and 58 closed sales.  Same closed activity as last year and higher pending numbers even with reduced inventory.

Palm City FL 34990 Residential Market Report October 2015

 Search here for Palm City Florida Real Estate for Sale

Palm City Florida Real Estate presented by:
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Palm City FL 34990 Residential Market Report October 2015

Stuart FL 34997 Condo Market Report October 2015

11.15.15 by

Stuart FL 34997 Condo Market Report October 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2015

 

For October 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 59 active condo listings (Up by 7 condos from September).

Stuart FL 34997 Condo Market Report October 2015

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

Stuart FL 34997 Condo Market Report October 2015

12 Condos Sold in October (Increased by 4 condos from September).

Stuart FL 34997 Condo Market Report October 2015

     The Stuart FL condo market for zip code 34997 showed positive results for October.  Our inventory rose for the third month in a row and we also had some nice gains in both pending and closed sales.  Somewhat unusual as we head into the typically slower months for condo activity.
     The one month absorption rate decreased to 4.9 months from 6.5 months for September.  Back into a sellers market after last months balanced market. Continuing a trend prevalent for most of the past year.  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 2014 numbers were: 58 active listings, 20 pending sales and 21 closed sales.   A little slower closed activity for this year as compared to last year.

Stuart FL 34997 Condo Market Report October 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2015

 

 

Stuart FL 34997 Residential Market Report October 2015

11.14.15 by

Stuart FL 34997 Residential Market Report October 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for October 2015

 

There are currently 308 active listings (Increased by 31 homes from September).

Stuart FL 34997 Residential Market Report October 2015

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

Stuart FL 34997 Residential Market Report October 2015

66 Homes Sold in October (Decreased by 15 homes from September)

Stuart FL 34997 Residential Market Report October 2015

      The Stuart Florida Residential Market for ZIP Code 34997 is the largest and has been the strongest segment of the Martin County single family real estate market.  Nice to see a couple of months of increased inventory.
     The current one month absorption rate increased to 4.7  months (was 3.4 months for September).  Most of this increase is due to the stronger inventory numbers and we still remain in a very strong seller’s 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 2014 numbers for October, were: 368 active listings, 144 pending listings and 81 closed sales.  Considerably stronger closed activity last October, though the increased number of pending sales might hold promise for the next few months.
Stuart FL 34997 Residential Market Report October 2015

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Stuart FL 34997 Residential Market Report October 2015

 

November 2015 Market Report for River Pines in Stuart FL

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November 2015 Market Report for River Pines in Stuart FL

As of November 2015, there are only 2 active listings for River Pines townhomes for sale in Stuart, FL.  Listing prices are $145,140 to $149,000 which equals an average price of $147,000 or $114.33 per sq. ft. of living area.

There are 5 homes under contract awaiting sale.  List prices are from $89,900 to $149,900 for an average list price of $117,948 or $91.39 per sq. ft. of living area.  These homes went under contract in an average of 75 days.

In the past 12 months, 31 townhouses have sold in River Pines with sales prices ranging from $80,000 to $139,000 at an average sales price of  $114,836 which equals $89.13 per sq. ft. of living area.  These homes sold at an average of 96% of list price and were under contract in an average of 45 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 2015 Market Report for River Pines in Stuart FL

Stuart FL 34996 Condo Market Report October 2015

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Stuart FL 34996 Condo Market Report October 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for October 2015

For October 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 79 active condo listings (Up by 3 condos last month).

Stuart FL 34996 Condo Market Report October 2015

29 Condo sales are pending and awaiting close or lender approval (Decreased by 12 condos from September).

Stuart FL 34996 Condo Market Report October 2015

26 Condos Sold in October (Decreased by 3 condos from September) 

Stuart FL 34996 Condo Market Report October 2015

The Stuart FL 34996 Condo Market is bucking the trend for the off season with increased activity for October.  Nice to see even a small increase in inventory as this segment of the Stuart condo market remain red hot.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 plunged to 3.0 months from September’s 2.6 months.  Continuing as a very strong sellers market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for October 2014 were: 152 active listings, 50 pending sales and 15 closed sales.  We have a long way to go to get inventory levels close to what they were last year.  Though even with the reduced inventory, market activity remains very strong.

Stuart FL 34996 Condo Market Report October 2015

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Stuart FL 34996 Condo Market Report October 2015