August 2015 Monthly Market Detail Florida Townhouses and Condos

09.26.15 by

August 2015 Monthly Market Detail Florida Townhouses and Condos

The August 2015 Monthly Market Detail Florida Townhouses and Condos continues to show improved activity as compared to last year, though the rate of improvement has slowed from recent months.  Closed sales were up by 4.1% as compared to last months increase of 13.9% and new sales under contract (new pending sales) decreased by 0.4% (In July there was a 4.7% increase).

Both median and average sales prices continue to increase, with rises of (year to year) 10.3% and 3.3% respectively (in July they were up by 9.1% and 4.3%).  The looming shortage of inventory continues to exert strong upward pressure on prices in Florida.

The inventory decreased by 4.7% from August of last year.  For August 2015 we have 5.2 months of inventory (was 5.3 months in July) also was 5.8 from last August.  A continued sellers market for now, as a 6 months inventory supply is considered a balanced market.

August 2015 Monthly Market Detail 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:
August 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.

August 2015 Monthly Market Detail Florida Townhouses and Condos

August 2015 Monthly Market Detail Florida Single Family Homes

09.25.15 by

August 2015 Monthly Market Detail Florida Single Family Homes

The August 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 8.6% (was up by 21.8% in July) and new sales under contract (new pending sales) increased by 0.7% (was up by 6.5% in July).

Both median and average sales prices continue to rise ( August 2014 to August 2015) by 11.1% and 3.2% respectively, compared to July’s 8.1% and 4.2%. 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 8.5% from last year.  Some high demand areas of Florida have seen decreasing inventory for a number of months now.  For August there was only a 4.3 months supply of inventory, this is a sellers market with the advantage for sellers. (August of 2014 had a 5.5 month supply)

August 2015 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:

August 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.

August 2015 Monthly Market Detail Florida Single Family Homes

Bay Tree on Hutchinson Island September 2015 Market Report

09.25.15 by

Bay Tree on Hutchinson Island September 2015 Market Report

There are currently 3 active listings in Bay Tree.  List prices range from $355,000 to $437,500 for an average list price of $395,833 which equals $158.01 per sq. ft. of living area.

There are no homes in Bay Tree currently under contract.

In the past 12 months, 2 homes have sold in Bay Tree.  Sales prices were $275,000 and $285,000 for an average of $280,000 and $152.90 per sq. ft. of living area.  These homes sold for an average of 93% of list price and were under contract within an average of 25 days on the market.

Bay Tree on Hutchinson Island

Directly across from the beautiful beaches of the Atlantic Ocean, Bay Tree is a wonderful gated community that is made up of 32 homes on Hutchinson Island in Jensen Beach. These newer homes are statuesque and spacious. Bay Tree is in a calm area of Jensen Beach but not too far away from all the excitement of the city or the rest of what the Treasure Coast has to offer. Orlando is only 2 hours away; while West Palm Beach is only 45 minutes away. The beaches have beautiful crystal blue water and soft sand. Enjoy all the advantages of Florida living in this wonderful friendly community!

Bay Tree on Hutchinson Island Bay Tree on Hutchinson Island

Homes in Bay Tree were built from 1992 to 2002 and consist of 2 bedroom, two bathroom homes of just over 1,500 sq. ft. of living area up to a spacious 4 bedroom, 4 bathroom home with just under 4,000 sq. ft. of space under AC.  This community has access to the beach at Waveland Beach Park directly across the street.  And is now also equipped with a good sized day dock where boaters and fisherman can stop to pick up guests and supplies for the day.

Bay Tree on Hutchinson Island Bay Tree on Hutchinson Island

The Bay Tree community is only just over 1.5 miles from the Jensen Beach Causeway and residents have easy and convenient access to downtown Jensen Beach with it’s restaurants and shopping.  And, only 5 miles to the Stuart Causeway for additional options for shopping, entertainment and dining.

Bay Tree on Hutchinson Island Bay Tree on Hutchinson Island

HOA fees are a very reasonable $850 per quarter which include maintenance and insurance of the common areas and community pol and day dock.  This community allows rentals and is a pet friendly community with large dogs permitted.

Bay Tree on Hutchinson Island Bay Tree on Hutchinson Island

For possible off market homes in Bay Tree, please contact the Gabe Sanders BlueWater realty team.

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Hobe Sound FL 33455 Condo Market Report August 2015

09.24.15 by

Hobe Sound FL 33455 Condo Market Report August 2015

 

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

 

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

 

There are currently 2 active condo listings. (Down by 1 condos from July)

Hobe Sound FL 33455 Condo Market Report August 2015

4 Condos are pending and awaiting close. (Down by 2 condos from July)

Hobe Sound FL 33455 Condo Market Report August 2015

3 Condos sold in July (Increased by 2 condos from July)

Hobe Sound FL 33455 Condo Market Report August 2015

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  We are down to only 2 active listings in the Hobe Sound.  Never before so low in modern times.  Yet, the sales and pending activity continue to be quite robust for the available units.

The current absorption rate is .67 months (Last month it was 3 months).  A first for us as I have never seen an absorption rate under one month in Martin County.  The statistics within this segment should be taken with a grain of salt, as small changes in activity make for very large changes on percentages that August 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 August 2014 numbers were: 18 active listings, 1 pending sales and 2 closed sales.  Amazing that the activity is so much better this year with almost no inventory to speak of.

Hobe Sound FL 33455 Condo Market Report August 2015

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Hobe Sound FL 33455 Condo Market Report August 2015

 

Hobe Sound FL 33455 Residential Market Report August 2015

09.23.15 by

Hobe Sound FL 33455 Residential Market Report August 2015

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

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

There are currently 149 active listings. (Down by 14 homes from July)

Hobe Sound FL 33455 Residential Market Report August 2015

84 Residential sales are pending and awaiting close  (Down by 6 homes from July)

Hobe Sound FL 33455 Residential Market Report August 2015

34 Homes Sold in August (Down by 21 homes from last month)

Hobe Sound FL 33455 Residential Market Report August 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County remains very strong even if activity has eased a bit for the past couple of months.  Of great concern to me is the greatly reduced inventory of available Hobe Sound homes for sale.  Buyers have a limited choice of available homes.  Anyone considering a move in the near future in Hobe Sound, please give me a call as you have some quite exciting options.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased to 4.4 months (3 months in July).  Hobe Sound is still a seller’s market as we slow in activity for the off-season.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for August 2014 were:  242 active listings, 60 pending sales and 49 closed sales.  Better closed activity last year while our pending sales are better for this year.  All this with an inventory that is almost half of last year.  Quite impressive!

Hobe Sound FL 33455 Residential Market Report August 2015

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Hobe Sound FL 33455 Residential Market Report August 2015

Jensen Beach FL 34957 Condo Market Report August 2015

09.22.15 by

Jensen Beach FL 34957 Condo Market Report August 2015

 

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

 

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



There are currently 22 active listings. (Decreased by 3 condos from July)

Jensen Beach FL 34957 Condo Market Report August 2015

13 Condo sales are pending and awaiting settlement. (Unchanged from July)

Jensen Beach FL 34957 Condo Market Report August 2015

5 Condos Sold (Increased by 2 condos from July)

Jensen Beach FL 34957 Condo Market Report August 2015

Jensen Beach FL 34957 Condo Market Report August 2015

 The Jensen Beach FL 34957 Condo Market Report August 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  Inventory levels are now at historic lows and unless we get some more condos on the market, I suspect this will be a quiet fall and early winter for the Jensen Beach condo market.

The one month absorption rate for the August 2015, Jensen Beach Florida Market Report ZIP Code 34957 plunged to 4.4  months (from 8.3 months in July), back into a sellers’ market after after a one month buyers’ market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The August 2014 numbers were: 26 active listings, 16 pending sales and 3 condos closed.  Better closed numbers for this year, though pending sales were better last year.

Jensen Beach FL 34957 Condo Market Report August 2015

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Jensen Beach FL 34957 Condo Market Report August 2015

Jensen Beach FL 34957 Residential Market Report August 2015

09.21.15 by

Jensen Beach FL 34957 Residential Market Report August 2015

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

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

 There are currently 108 active listings. (Up by 9 homes from last month)

Jensen Beach FL 34957 Residential Market Report August 2015

77 Residential sales are pending and awaiting close or lender approval. (Down by 8 homes from July)

Jensen Beach FL 34957 Residential Market Report August 2015

30 Homes Sold (Decreased by 5 homes from July)

Jensen Beach FL 34957 Residential Market Report August 2015

The Jensen Beach FL 34957 Residential Market eased for the second month in a row, yet this is still very much of a sellers market.  We’ve had two months of increasing inventory which is good news for buyers and the general health of this market.  Going into the holiday months, I expect sales activity to decrease until we get into our next season.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 3.9 months (was 3.1 months in July).  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 August 2014 numbers were: 104 active listings, 74 pending sales and 29 home sales closed.   Much less pending activity as compared to last year and similar closed activity.  Inventory is greater this year which is very unusual for our market at this time.
Jensen Beach FL 34957 Residential Market Report August 2015

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Jensen Beach FL 34957 Residential Market Report August 2015

Palm City FL 34990 Condo Market Report August 2015

09.20.15 by

Palm City FL 34990 Condo Market Report August 2015

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

 

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



There are currently 52 active condo listings. (Down by 8 condos from July)

Palm City FL 34990 Condo Market Report August 2015

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

Palm City FL 34990 Condo Market Report August 2015

4 Condos Sold in August. (Down by 2 condos from July)

Palm City FL 34990 Condo Market Report August 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Last month’s rebound in the inventory was wiped out in August.  So we’re back to small numbers of available condos, though that didn;t do very much for the number of closed sales which was off for the month.

The current absorption rate for condos in the 34990 zip code area jumped to 13 months (was 10 months in August).   Now a strong buyer’s market. 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 August 2014 numbers were: 60 active listings, 4 pending sales and 4 closed sales.   Very similar activity levels as compared to last year with the exception of double the number of pending sales this year.
Palm City FL 34990 Condo Market Report August 2015

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Palm City FL 34990 Condo Market Report August 2015

Jensen Beach Club September 2015 Market Report

09.20.15 by

Jensen Beach Club September 2015 Market Report

There is only one available Jensen Beach Club Condo on the MLS at this time. The list price is $149,900 which equates to $140.88 per sq. ft. of living area.

There are no condos under contract at the present time.

In the past 12 months, 14 condos have sold. Sales prices ranged from $99,000 to $159,500 for an average sales price of$133,814 which is $122.96 per sq. ft. of living area. These condos sold in an average of 91 days and on average sold for 94% of list price.

Jensen Beach Club on Hutchinson Island

The Jensen Beach Club is a complex consisting of 9 buildings surrounding a lake on Hutchinson Island on a pristine 21 acres. Lying directly across the street from the Ocean and the public beach at the end of the Jensen Beach Causeway. There are 196 condos which are all 1,090 sq. ft. of living area with 2 bedrooms and 2 bathrooms with private balconies or patios. The Jensen beach Club complex was built between 1986 and 1987 and has a community pool, clubhouse and tennis courts. These are three story buildings with the most desirable condos being end units with lake views.

Jensen Beach Club on Hutchinson Island

The Jensen beach Club will allow up to 25 lb. or smaller pet and rentals are also allowed with some restrictions. The maintenance fee at the time of this post was around $300 per month, which includes the insurance and maintenance for the building exterior as well as the common areas, pest control, management and water and sewer charges.

Jensen Beach Club on Hutchinson Island

There are two designated parking spots for each unit and ample guest parking as well. Jensen Beach Club residents enjoy the convenience of having ocean access just across the street and also being a short drive or bicycle ride to restaurants, shopping and the wonderful amenities of Jensen Beach and Martin County FL. All at a very affordable price.

Jensen Beach Club on Hutchinson Island

Search for available Jensen beach Club Condos here.

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 Club September 2015 Market Report

Palm City FL 34990 Residential Market Report August 2015

09.19.15 by

Palm City FL 34990 Residential Market Report August 2015

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

 

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

 

There are currently 355 active listings (Decreased by 8 homes from July)

Palm City FL 34990 Residential Market Report August 2015

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

Palm City FL 34990 Residential Market Report August 2015

74 Homes Sold in July (Increased by 3 sold homes from July)

Palm City FL 34990 Residential Market Report August 2015

After a very strong July, the Palm City FL 34990 residential real estate market continues to show strong sales activity while the inventory of available homes for sale continues to decrease.  Prices continue their steady march higher so we’ll see if this is enough of an incentive to make potential sellers put their homes on the market in the coming months.  Though, I don’t anticipate any large movement until the end of the holiday season.
 The current absorption rate decreased slightly to to 4.8  months from 5.1 months in July.  Still a sellers’ market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The August 2014 numbers were:  436 active listings, 145 pending sales and 76 closed sales.  Considering how much smaller inventory there is this year as compared to last, our market activity is better overall than it was in 2014.

Palm City FL 34990 Residential Market Report August 2015

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Palm City FL 34990 Residential Market Report August 2015

Tesoro September 2015 Market Report

09.19.15 by

Tesoro September 2015 Market Report

There are currently 35 homes available to purchase in the Tesoro Club of Port St Lucie FL.  List prices range from $289,900 to $1,900,000 for an average list price of $781,674 or $212.70 per sq. ft. of living area.

There are 3 homes under contract awaiting settlement.  List prices are $305,00 to $524,115 for an average of $447,671 which equals $129.80 per sq. ft. of living area.  These homes were on the market an average of 192 days prior to going under contract.

In the past 12 months there have been 12 sales in Tesoro.  Sales prices ranged from $330,000 up to $918,450 for an average sales price of $691,668 or a sales price per sq. ft. pf living area of $163.54.  These homes sold at an average of 88% of list price and were on the market for 123 days prior to going under contract.

One of the premier country clubs on Florida’s Treasure Coast, Tesoro lies on 1,400 acres.  The Tesoro Club is home to two par-72 golf courses one is an Arnold Palmer signature course while the other is a Tom Watson signature course.  The Tesoro Club is an official PGA Tour host.

Tesoro real estate in Port St Lucie FL

The centerpiece of the Tesoro club is a 100,000 plus square foot three story clubhouse overlooking a 120 acre lake.  This full service clubhouse is magnificent and offers impeccable services for all the members of the Tesoro Club.

Tesoro real estate in Port St Lucie FL

In addition to the world class golf, the Tesoro Club is also host to its very own swim and racquet club.  The racquet club consists of 10 Har-Tru tennis courts plus one exhibition stadium court and two croquet courts.  There’s a full time ATP Tennis Director offering lessons, clinics and a full service pro shop.  Spacious men’s and women’s locker rooms make this a wonderful facility.  And after that hard match cool off in the pool or soak your sore muscles in the Jacuzzi.

Tesoro real estate in Port St Lucie FL

For those needing more pampering there’s a full service spa and salon on premises.

Tesoro real estate in Port St Lucie FL

And, if you don’t feel like cooking the dining room at the Tesoro club has a menu that is sure to please.

Tesoro real estate in Port St Lucie FL

Homes in Tesoro run the gamut from huge estate homes of 7,000 sq. ft. of living area with 5 and 6 bedrooms and 6 bathrooms on large ½ acre lots, down to more modest 3 bedroom, 2 bathroom homes with around 2,000 square feet of living area along with 2 car garages lying on smaller under one quarter acre lots.

Tesoro real estate in Port St Lucie FL

At this time there are numerous opportunities for new custom homes built to your specifications or a good number of available re-sale homes.  Golf Club membership is not mandatory in certain sections of Tesoro so HOA fees vary considerably from area to area.  For non-membership lots it starts around $580 a month and includes lawn, landscaping, 24 hour monitored security, basic cable TV, management and exterior pest control.

Here are some of the currently available homes in Tesoro

Please call us at 772-323-6996 or email us for the complete and up to date list.

Tesoro September 2015 Market Report

Stuart FL 34997 Condo Market Report August 2015

09.18.15 by

Stuart FL 34997 Condo Market Report August 2015

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

 

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

There are currently 46 active condo listings (Up by 8 condos from July).

Stuart FL 34997 Condo Market Report August 2015

18 Condo sales are pending and awaiting close or lender approval (Increased by 6 condos from July).

Stuart FL 34997 Condo Market Report August 2015

6 Condos Sold in August (Decreased by 4 condos from July).

Stuart FL 34997 Condo Market Report August 2015

The Stuart FL condo market for zip code 34997 slowed for the second month n a row.  While not totally unexpected as we head into the off season for condo sales, this was a fairly large decrease, especially when compared to the other zip codes we track for the Stuart condo market.
The one month absorption rate increased to 7.7 months from 3.8 months for July.  Big decrease into a buyers’ market.  Though I feel this will only be a temporary one.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The August 2014 numbers were: 55 active listings, 27 pending sales and 14 closed sales.   Better activity in 2014 for the 34997 zip code of Stuart for condo sales.

Stuart FL 34997 Condo Market Report August 2015

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

 

 

Stuart FL 34997 Residential Market Report August 2015

09.17.15 by

Stuart FL 34997 Residential Market Report August 2015

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

 

There are currently 247 active listings (Increased by 15 homes from July).

Stuart FL 34997 Residential Market Report August 2015

174 Residential sales are pending and awaiting close or lender approval (Decreased by 16 homes from July).

Stuart FL 34997 Residential Market Report August 2015

79 Homes Sold in August (Decreased by 4 homes from July)

Stuart FL 34997 Residential Market Report August 2015

      The Stuart Florida Residential Market for ZIP Code 34997 remains one of the strongest local markets.  The good news is that the inventory actually rose this month after many, many months of declines.  Activity did slow some, but this is still a super hot segment and still a sellers market.
     The current one month absorption rate increased to 3.1  months (was 2.8 months for July).  Remaining 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 August, were: 351 active listings, 171 pending listings and 95 closed sales.  With the reduced inventory of this year, we are starting to fall behind as compared to last year’s inventory.
Stuart FL 34997 Residential Market Report August 2015

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Stuart FL 34997 Residential Market Report August 2015

 

Stuart FL 34996 Condo Market Report August 2015

09.16.15 by

Stuart FL 34996 Condo Market Report August 2015

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

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

There are currently 78 active condo listings (Down by 14 condos last month).

Stuart FL 34996 Condo Market Report August 2015

53 Condo sales are pending and awaiting close or lender approval (Increased by 11 condos from July).

Stuart FL 34996 Condo Market Report August 2015

20 Condos Sold in August (Increased by 4 condos from July) 

Stuart FL 34996 Condo Market Report August 2015

The Stuart FL 34996 Condo Market is bucking the trend for the off season with increased activity for August.  Both closed and pending sales increased while the level of inventory decreases to very low numbers.  This level of activity will be unsustainable if the inventory doesn’t rise soon.  This is good news for sellers as the prices continue to rise and demand seems to be strong.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 3.9 months from July’s 5.8 months.  Back into a strong sellers’ market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for August 2014 were: 149 active listings, 48 pending sales and 14 closed sales.  Pretty impressive activity this year, with better volume of both sales and pending sales at just about half the available inventory.

Stuart FL 34996 Condo Market Report August 2015

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Stuart FL 34996 Condo Market Report August 2015

Rustic Hills Palm City FL September 2015 Market Report

09.16.15 by

Rustic Hills Palm City FL September 2015 Market Report

There are currently 3 homes available for sale in Rustic Hills.  Listing prices range from $349,000 to $575,000 for an average list price of $424,666 which equals $250.76 per sq. ft. of living area.

There are 2 homes under contract awaiting sales.  List prices are $324,900 and $349,000 for an average list price of $336,950 which is equal to $248.77 per sq. ft. of living area.  These homes were on the market for an average of 182 days.

In the past 12 months, 17 Rustic Hills homes have sold.  Sales prices ranged from $90,000 to $467,000 for an average sales price of $253,300 which equates to $153.57 per sq. ft. of living area at a 90% sales to list price ratio.  These homes went under contract in an average of 97 days.

Covered Bridge, Rustic Hills, Palm City, Florida

Originally a popular fishing camp, Rustic Hills in Palm City, Florida is a quaint waterfront enclave of 178 home sites geared for families who also enjoy boating.All homes have canal frontage with dockage, except for 10 homes/lots, which have deeded spaces for docks.A wonderful entrance through the ‘covered bridge’ allows entry into Rustic Hills.Great families and good neighbors through a series of winding one lane roads that make this neighborhood unique in today’s fast paced life styles.Some homes still have the outward character of the old fishing camp lodges, but most have been completely remodeled or even re-built to today’s standards.

Rustic Hills, Palm City, Florida, Canals

Truly a ‘rustic’ area, but close to shopping, beaches and all modern amenities. Only a short ride by boat to the wide Saint Lucie River and an additional few minutes to the Saint Lucie Inlet and the beautiful Atlantic Ocean.

Currently, children living in Rustic Hills attend Bessey Creek Elementary School, Hidden Oaks Middle School and Martin County High School.  Rustic Hills is an exceptionally friendly family neighborhood where children are seen playing outside at all times and neighbors taking the time to make sure that all is well.

Rustic Hills, Palm City, Florida Homes for Sale

There are a number of exceptional opportunities for the prospective home buyer in Rustic Hills.

Search for currently available homes in Rustic Hills, Palm City, Florida

 

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Stuart Florida Real Estate

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Rustic Hills Palm City FL September 2015 Market Report

Stuart FL 34996 Residential Market Report August 2015

09.15.15 by

Stuart FL 34996 Residential Market Report August 2015

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for August 2015

 

For August 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 139 active listings (Up by 4 homes from July).

Stuart FL 34996 Residential Market Report August 2015

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

Stuart FL 34996 Residential Market Report August 2015

14 Homes Sold in August (Increased by 3 homes from July).

Stuart FL 34996 Residential Market Report August 2015

The 34996 zip code area of the Stuart Florida residential real estate market is slowly but surely making a come back to good activity.  While there’s still room for improvement, sales were up and pending sales are also strong for good potential future activity.

The one month absorption rate for the 34996 zip code area of Stuart Florida for August continued its decrease to 9.8 months as compared to July’s atrocious 12.3 months.  Still a strong buyers market for this section of Martin County.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for August of 2014 were: 155 active listings, 28 pending sales and 13 closed sales.  Even with our current reduced inventory, sales activity was better for this year than last.

Stuart FL 34996 Residential Market Report August 2015

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Stuart FL 34996 Residential Market Report August 2015

Vista Pines Condo Stuart FL Under Contract

09.15.15 by

Vista Pines Condo Stuart FL Under Contract

We know of at least five parties that were waiting for price reductions of this condo at 2600 SE Ocean Blvd. Suite JJ-16.  Sorry, but you’re now out of luck as this condo is under contract. Contact the Gabe Sanders BlueWater realty team for other opportunities in or around the Vista Pines condo complex.

Vista Pines in Stuart FL

Check out this light and bright 2nd floor condo in desirable Vista Pines. Amenities include a newer carpet, a/c, dishwasher and garbage disposal. Lots of storage including a walk in closet/pantry. This unit is towards the front of the complex making it close to everything: Fresh Market, library, medical facilities and doctors, restaurants, shopping, the beaches, and more. This is an Active 55+ community with lots of activities in the clubhouse: including, pool tables, workshop, exercise room, a heated pool and shuffleboard courts. What a great place to live!

Vista Pines in Stuart FL Vista Pines in Stuart FL

View additional pictures of this Affordable Stuart Condo in Vista Pines.

Vista Pines in Stuart FL Vista Pines in Stuart FL

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Vista Pines Condo Stuart FL Under Contract

Stuart FL 34994 Condo Market Report August 2015

09.14.15 by

Stuart FL 34994 Condo Market Report August 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for August 2015

For August 2015 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 76 active condo listings (Down by 7 condos from July).

Stuart FL 34994 Condo Market Report August 2015

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

Stuart FL 34994 Condo Market Report August 2015

14 Condos Sold in August (Down by 6 condos from July).

Stuart FL 34994 Condo Market Report August 2015

The Stuart FL 34994 Condo market while still active is showing reduced activity as we head into the off season.  The low inventory levels is quite apparent and I’m hoping this will reverse in the coming months or at latest by early next year.

The one month absorption rate increased to 5.4 months compared to last month’s 4.2.  Still in a seller’s market, but headed towards a balanced market..  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 August the numbers were 105 active listings, 40 pending sales, and 22 closed sales.  Higher volume of sales and inventory last year.

Stuart FL 34994 Condo Market Report August 2015

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Stuart Florida Market Report ZIP Code 34994 – Condo, August 2015

Stuart Florida Market Report ZIP Code 34994 Residential August 2015

09.13.15 by

Stuart Florida Market Report ZIP Code 34994 Residential August 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for August 2015

For August, 2015 in the 34994 Zip Code area of Stuart, Florida :

There are currently 52 active listings (Decreased by 10 homes from July)

Stuart Florida Market Report ZIP Code 34994 Residential August 2015

21 Residential sales are pending and awaiting close or lender approval (Decreased by 11 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential August 2015

9 Homes Sold in July (Down by 7 homes from July)

Stuart Florida Market Report ZIP Code 34994 Residential August 2015

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida slowed a bit from the torrid pace of last month.  Though it’s still an active market.  The most troubling statistic is the sharp drop in inventory.

The one month absorption rate for the 34994 zip code for August increased to 5.8 months from last months 3.9 months, just about back into a balanced market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The August 2014 numbers were 67 Active Listings, 39 pending sales and 10 closed sales.   Considerably more listings and pending sales last year.

Stuart Florida Market Report ZIP Code 34994 Residential August 2015

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Stuart Florida Market Report ZIP Code 34994 Residential August 2015

Sewalls Point Single Family Market Report August 2015

09.12.15 by

Sewalls Point Single Family Market Report August 2015

Sewalls Point Real Estate Snapshot, Residential Sales for August 2015

 

There are currently 59 active listings (Up by 1 homes since last month)

Sewalls Point Single Family Market Report August 2015

16 home sales are pending and awaiting close or lender approval (Increased by 4 homes from July)

Sewalls Point Single Family Market Report August 2015

3 Homes sold in August (Down by two sales from July)

Sewalls Point Single Family Market Report August 2015

The single family real estate market in Sewalls point continues to struggle, but with increased pending activity we may see a nice improvement in the coming season.  Prices are once again going up in this market and it seems that the days of the bargain may be approaching an end for now.

The current absorption rate jumped to 19.7 months, in July it was 11.6 months. A very strong buyers market. With pending sales rising, this may be an excellent time for buyers to take advantage of the Sewalls Point residential market.  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 August of 2014, the inventory was 41 homes on the market, 8 pending sales and there were 7 closed sales.  Considerably greater sales activity last year with less inventory.

Sewalls Point Single Family Market Report August 2015

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Sewalls Point Single Family Market Report August 2015