Sewalls Point Single Family Market Report September 2015

10.08.15 by

Sewalls Point Single Family Market Report September 2015

Sewalls Point Real Estate Snapshot, Residential Sales for September 2015

 

There are currently 54 active listings (Down by 5 homes since last month)

Sewalls Point Single Family Market Report September 2015

15 home sales are pending and awaiting close or lender approval (Decreased by 1 homes from August)

Sewalls Point Single Family Market Report September 2015

5 Homes sold in September (Up by two sales from August)

Sewalls Point Single Family Market Report September 2015

The single family real estate market in Sewalls point continues to struggle, though there was some improvement for this month as compared to the last few reporting periods.  Sales appear to be picking up in Sewalls Point and at a good price point for both buyers and sellers.

The current absorption rate dropped to 10.8 months, in August it was 19.7 months. Still a buyers market for Sewalls Point. 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 September of 2014, the inventory was 45 homes on the market, 7 pending sales and there were no closed sales.  Better activity this year for the Sewalls Point single family home market.

Sewalls Point Single Family Market Report September 2015

 Search below for Sewalls Point Florida Real Estate for Sale

 

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Sewalls Point Single Family Market Report September 2015

 

Palm Pointe and Palm Isles October 2015 Market Report

10.07.15 by

Palm Pointe and Palm Isles October 2015 Market Report

There are currently 4 active listings in Palm Pointe and Palm Isles.  list prices are from $214,120 up to $324,990 with an average list price of $260,752 which is equal to $133.94 per sq. ft. of living area.

At this time, there are 4 homes under contract which have not closed yet.  List prices range from $229,000 and $334,750 with the average list price of $288,375 which works out to $137.92 per sq. ft. of living area.  These homes were on the market for an average of only 11 days prior to going under contract.

7 homes have sold in the past 12 months.  Sales price ranged from $143,000 to $240,000 with the average sales price of $207,696 which is $112.01 per sq. ft. of living area.  These homes were on the market for an average of 59 days prior to going under contract and sold at an average of 94% of list price.

Palm Pointe and Palm Isles in Palm City

Palm Pointe and Palm Isles are adjoining communities in Palm City just east of High Meadow Rd between Martin Downs Blvd and Martin Hwy. These gated communities are conveniently located close to both Florida’s Turnpike and I-95 making it a great location for those who commute to parts north or south for work, yet want to take advantage of the great school system and amenities that Martin County has to offer. Also within easy reach of shopping, restaurants and medical facilities as well as the many boat ramps and Marinas of Martin County.

Palm Pointe and Palm Isles in Palm City Palm Pointe and Palm Isles in Palm City

There are a total of 128 homes that were built from 1990 through 1996 for Palm Pointe and 1999 to 2001 for Palm Isles. These two communities share a community pool, tennis courts and a playground.

Palm Pointe and Palm Isles in Palm City Palm Pointe and Palm Isles in Palm City

Homes range in size from 2 bedroom, 2 bathroom homes of around 1,400 sq. ft. of living space plus a two car garage, up to 4 bedroom, 4 bath homes of around 2,400 sq. ft. plus garage. Many homes in these communities have their own private pools and a lucky few have wonderful lake views.

Palm Pointe and Palm Isles in Palm City Palm Pointe and Palm Isles in Palm City

As of October 2015 HOA fess were just over $200 a month and this community allows large pets and rentals. There are vehicle restrictions for commercial trucks.

Search for Palm Pointe and Palm Isles Homes for Sale

Palm Pointe and Palm Isles October 2015 Market Report

The Falls of Jensen Beach October 2015 Market Report

10.06.15 by

The Falls of Jensen Beach October 2015 Market Report

For the beginning of October 2015 there are 6 homes available for sale in the Falls of Jensen Beach.  Listing prices range from $475,000 to $549,000 for an average asking price of $501,403 or $148.88 per sq. ft. of living area.

There is one home under contract which has not completed the sales process (closed).  The list price of this home is $498,960 or $130.17 per sq. ft. of living area.  This home was on the market for 83 days prior to going under contract.

In the past 12 months, 21 homes have sold in the Falls of Jensen Beach.  Sales prices ranged from $325,000 up to $669,000 for an average sales price of $481,356 which is equal to $152.23 per sq. ft. of living area.  These homes averaged 93 days on market before going under contract and sold on average for 98% of listed price.

The Falls of Jensen Beach real estate

A newer Kolter community located just north and west of the Treasure Coast Mall in Jensen Beach FL.  This is a gated community with spacious lots, many of which have serene preserve or lake views from the back patio and yard.

The Falls of Jensen Beach real estate

The Falls is in a wonderful location close to shopping, restaurants as well as professional services and only a few minutes to the beaches and waterways that Martin County has to offer.  Children living in the falls have the privilege of attending Martin County ‘A’ rated schools.  Currently these are the Jensen beach Elementary school, Stuart Middle school and the Jensen Beach High school.

The Falls of Jensen Beach real estate The Falls of Jensen Beach real estate

Construction in the Falls began in 2006 and all of the 130 lots have now been built, with the latest homes just recently completed in 2015.  As of this writing there are only two new homes available from the builder, but re-sale homes have been coming on the market at a fairly steady rate.

 The Falls of Jensen Beach real estate

Homes sizes in the Falls range from 4 bedroom, 3 bathroom homes of 2,236 sq. ft. of living area up to 5 bedroom, 4 bathroom homes with just under 4,500 sq. ft. under AC.  The majority of the homes in the falls have 3 car garages.  Homes range from single story ranch style designs to two story homes and many have private pools.

The Falls of Jensen Beach real estate

Since this is a newer community, all homes meet the latest building codes for hurricane and wind protection and most homes also feature updated kitchen with granite countertops.

The Falls of Jensen Beach real estate

The HOA fee (as of September 2015) is $218 per month and includes your landscape and lawn service, basic cable TV as well as security and the common areas.  There is no community pool or clubhouse in the Falls.

Here are the currently available homes in the Falls of Jensen Beach

Those interested in new construction in the Falls, please call us for our special builder rebate program (772) 323-6996.

Atlantis Condos on Hutchinson Island October 2015 Market Report

10.05.15 by

Atlantis Condos on Hutchinson Island October 2015 Market Report

There are currently 6 condos on the market in Atlantis.  List prices range from $189,900 to $299,000 for an average list price of $226,566 which equates to $196.17 per sq. ft. of living area.

There are 2 Atlantis condos that are under contract that haven’t sold to date.  List prices are $125,000 and $158,800 for an average of $141,900 or a per sq. ft. price of $134.76.  These two condos went under contract in an average of 69 days.

In the past 12 months, 20 condos have sold in Atlantis.  Sales prices ranged from $139,284 to $295,000 with an average sales price of $206,334 or $189.54 per sq. ft. of living area.  These condos sold in an average of 144 days and at an average of 94% of list price.Atlantis Condos on Hutchinson Island in Jensen Beach

Atlantis Condos on Hutchinson Island in Jensen Beach FL (Saint Lucie County) consists of three buildings.  Atlantis ‘A’, Atlantis ‘B’ and Atlantis ‘III’.   Buildings A and B were constructed in 1978 and consist of 68 2 bedroom 2 bathroom condos with 1,053 sq. ft. of living space on 7 stories.  End units are slightly bigger with wrap around balconies and 1113 sq. ft. of living space.  Building III was built in 1982, also with the same number of condos but is slightly larger with 1,151 sq. ft. interior units and 1,258 sq. ft. on the ends.

Atlantis Condos on Hutchinson Island in Jensen Beach

Condo association fees at the time of this post were in the low $300’s per month for Buildings A & B and the low $400’s for Atlantis III.  These three buildings have two pools in between them as well as direct ocean access from the rear of all buildings.  Those on floors 3 to 7 enjoy excellent ocean and beach views, while the lower floors have partially blocked views because of the sand dunes. There is ample outdoor parking for all residents as well as two tennis courts and a vehicle wash area.

Atlantis Condos on Hutchinson Island in Jensen BeachAtlantis Condos on Hutchinson Island in Jensen Beach

The Atlantis condos are conveniently located just 1 and ½ miles north of the Jensen Beach Causeway and within an easy drive of shopping, restaurants and all the amenities offered on Florida’s Treasure Coast.

Atlantis Condos on Hutchinson Island in Jensen BeachAtlantis Condos on Hutchinson Island in Jensen Beach

Give the Gabe Sanders Realty team a call or email if you would like more information or wish to see the Atlantis complex in Jensen Beach FL.

Search for Atlantis Condos on Hutchinson Island for Sale

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

Pierpoint Yacht Club October 2015 Market Update

10.03.15 by

Pierpoint Yacht Club October 2015 Market Update

There are 5 active listings in Pierpoint at the beginning of October 2015.  List prices range from $99,900 to $174,500 with an average list price of $131,440 which equates to a per sq. ft. price of $102.97.

There are two condos under contract which have not closed yet.  List prices are $111,000 and $138,500 for an average of $124,750 or $95.96 per sq. ft. of living area.  These two condos were on the market for an average of 42 days prior to going under contract.

In the past 12 months, 13 condos have sold in Pierpoint.  Sale prices ranged from $40,002 to $170,000 for an average sales price of $93,200 which equals $72.15 per sq. ft. of living space.  These condos were under contract in an average of 46 days and sold at an average of 95% of the list price.  Buyers should not expect to see these types of low prices for Pierpoint this coming year.

 This friendly, active 55+ condominium offers two community pools, grills, shuffleboard, a waterfront clubhouse and dock.  First floor, end unit overlooking a peaceful courtyard and pond with a fountain.  Clean, freshly painted, vacant unit just perfect for you!

Located in the heart of Stuart and on the shores of the wide Saint Lucie River, the Pierpoint Yacht Club Condominiums is the premier adult community in Stuart, Florida. Extremely well maintained complex of 8 buildings, some of which have magnificent water views.

Pierpoint has docks with boat slips for rent as available. Also on this dock is a fishing station and benches for all Pierpoint residents to enjoy and use. Stuart enjoys some of the finest fishing conditions in all of Florida and the east coast.

 On the shores of the Saint Lucie River, Pierpoint has a large and active clubhouse with a full kitchen available for members and special occasions. Adjacent to the clubhouse is one of two heated pools, a billiard room, reading library and shuffle board courts. There’s an outdoor lounge for sipping cocktails right on the shores of the wide Saint Lucie River. Lots of green space and ample parking complement this wonderful community.

  Search for all Pierpoint Yacht Club Condos for Sale in Stuart Florida Real Estate

Pierpoint Yacht Club October 2015 Market Update

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Stuart Florida Real Estate presented by:
the Gabe Sanders BlueWater Realty team

October 2015 Update for the Courtyards at Willoughby

10.02.15 by

October 2015 Update for the Courtyards at Willoughby

There is only one active listing in the Courtyards at Willoughby for the beginning of October 2015.  This condo is listed for $144,900 or for $111.63 per sq. ft. of living area.

There are no properties currently under contract.

In the past 12 months, 10 condos have sold in the Courtyards with sales prices ranging from $112,000 to $175,000 for an average sales price of $129,750 and this equals $105.41 per sq. ft. of living space.  These condos sold for an average of 98% of list price in an average of 41 days on market.

Courtyards of Willoughby in Stuart FLThe charming townhomes in the Courtyards at Willoughby are located close to Historic Downtown Stuart as well as many other shopping, dining and entertainment areas that Stuart, Jensen Beach and Palm City have to offer.

There are only 44 residences in the Courtyards at Willoughby with four different models to choose from, The Juno, The Jupiter, The Hutchinson, and The Jensen depending on your needs. The models go up to 3 bedroom, 2 bathroom two level homes with 1,532 sq. ft. of living area down to 2 bedroom, 2 bath one level living with 1,125 sq. ft. of living space and some models feature garages. Maintenance fees at the time of this writing (October 2015) run from $350 per month and lower depending on the size of the unit. Up to 1 medium sized pet is allowed.

This community features a swimming pool, with a sundeck and cabana grilling area, and a 24 hour fitness center! The surrounding school district is ‘A’ rated.

As of October 2015 there is only one active listing in the Courtyards at Willoughby.  It is a 3 bedroom, 2 bath townhome with a two car garage.  The list price is $195,000.

There are three pending listings.  All are 2 bedroom units that were listed from $109,900 to $129,000 for an average list price of $115,966 which equals $98.78 per sq. ft. of living area. 2 of these homes are short sales.

In the past 12 months, there have been 7 sales in the Courtyards at Willoughby.  Sales prices ranged from $103,100 to $179,900 for an average sold price of $129,750 which was $97.33 per sq. ft. of living area.  There were no foreclosures and one shortsale in this group of sales.

Search Here for Courtyards at Willoughby Condos for Sale
October 2015 Update for the Courtyards at Willoughby

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

Orchid Bay Palm City FL October 2015 Market Update

10.01.15 by

Orchid Bay Palm City FL October 2015 Market Update

There are currently 6 homes available to purchase in Orchid Bay.  List prices range from $469,000 to $599,000.  The average listing price is $515,983 which equates to $178.67 per sq. ft. of living area.

2 homes are under contract and awaiting sale.  The list prices are $375,000 and $489,000 which average to $432,450 and is $163.54 per sq. ft. of living area. These two homes averaged 180 days on the market before going under contract.

In the past 12 months, 10 homes have sold in Orchid Bay.  Sales prices ranged from $350,000 to $559,000 for an average sold price $472,600 which equals $163.26 per sq. ft. of living area.  These 10 homes averaged 65 days on the market before the sellers accepted an offer and sold for an average of 94% of the listed price.

Orchid Bay Entrance 2

One of the most desirable communities in Palm City, Orchid Bay (also known as Captain’s Creek) lies just south of the new Palm City Veteran’s Memorial Bridge off of Mapp Road.  This gated community of 153 homesites (including only two vacant lots at this time) enjoys spacious private lots of at least a ½ acre with a few properties residing on over 1 acre sites.  This planned community was developed by the Tartan land Company in the early 1990’s and all homes are individually constructed by the lot owner’s builder of choice.  Consequently this is not a “cookie cutter” community by any means.

Orchid Bay Home 4

Homes range in size from over 5,000 sq. ft. of living area to just over 2,000.  From as many as 8 bedrooms down to 3 bedroom homes.  Both one and two story residences. Homes were built from 1992 through 2007.  Amenities include tennis courts, a picnic and playground area as well as a public gazebo.  Numerous lakes and ponds are on this property with many homes enjoying serene water views.  Orchid Bay has its own community propane tank so all residents have the option of hooking in for propane utilities if desired.

Orchid Bay Pool with Lake View

HOA fees at the time of this writing are $415 per quarter.   These fees include maintenance of the roads, trash pickup, common areas as well as basic cable TV service.

Orchid Bay Playground

Children of Orchid bay attend wonderful schools:  Palm City Elementary, Hidden Oaks Middle and Martin County High.

Orchid Bay Home 1

Search here for all available Orchid Bay Homes for Sale

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

Palm City Florida Real Estate
Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Orchid Bay Palm City FL October 2015 Market Update

August 2015 Monthly Market Detail St Lucie County Townhouses and Condos

09.30.15 by

August 2015 Monthly Market Detail St Lucie County Townhouses and Condos

The August 2015 Monthly Market Detail St Lucie County Townhouses and Condos continues to gain in some aspects though at a slower pace than the past few months.  Closed sales were up 6% from last year (was up 12.6% in July) while new sales under contract (new pending sales) decreased by 13.3% (was down by 3.3% in July).

The median sales price decreased by 9.7% (up 16.1% in July) while the average sales price increased by 19.6% (was up by 16.8% in July).

The inventory of available townhouses and condos decreased by 17 units from last month to 554 properties, which is also down from last August by 18.3%. Current supply of inventory decreased to 5.2 months, from July’s 5.4 months. This is 20% lower than last year. The St Lucie County townhouse and condo market continues as a sellers’ market, typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.  The shortage of inventory is hurting the sales volume and continues to impart strong upward pressure on prices.

August 2015 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
August 2015 Monthly Market Detail St Lucie County 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 St Lucie County Townhouses and Condos

August 2015 Monthly Market Detail St Lucie County Single Family Homes

09.29.15 by

August 2015 Monthly Market Detail St Lucie County Single Family Homes

August 2015 Monthly Market Detail St Lucie County Single Family Homes showed continuing decreases in volume of sales as compared to last year while prices continue their march higher.  Closed sales were down by 5.3% (in July they were up by 7.4%) and new sales under contract (new pending sales) decreased by 12.2% (they were down by 13.4% last month).

Both median and average sales prices continue their gains with increases of 13.5% and 9.7% respectively from last August (For July these numbers were 20.1% and 17.3%).  It’s the decreasing inventory that is one factor in the continuing rise in prices.

The inventory of active listings increased in August (from last month) by 35 homes to 1,559, and this is  lower than last year’s inventory by 17.3%.  The current supply of inventory is only 3.3 months (a 19.8% decrease from last year). The Saint Lucie County single family home market remains a very strong sellers market.  We are seeing a reduction in volume of sales because either there isn’t enough inventory available on the market or prices are becoming to high.

August 2015 Monthly Market Detail St Lucie County Single Family Homes

Click here to view or download the full report:
August 2015 Monthly Market Detail St Lucie County 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 St Lucie County Single Family Homes

August 2015 Palm Beach County Update

09.29.15 by

Palm Beach County August 2015

August 2015 Monthly Market Detail Martin County Townhouses and Condos

09.28.15 by

August 2015 Monthly Market Detail Martin County Townhouses and Condos

August 2015 Monthly Market Detail Martin County Townhouses and Condos showed weaker activity from last year as well as last month.  Year to year closed sales were down by 14.4% (was down by 11% in July) and new sales under contract (new pending sales) were down by 17.5% from August 2014 (decreased by 10% in July).

The median sales price was up by 33.2% (was up by 14.5% in July) while the average sales price increased by 22% (was up by 15.8% in July) as compared to August of 2014.  With so liitle inventory, pressure is high for increasing prices in Martin County.

The inventory of available townhouses and condos has decreased by 37 units to 337 properties from last month, this is 34.6% less inventory than was available in August of 2014.  For August there was a 3.1 month supply of inventory (a 39.9% decrease from last year).  Continuing as a very strong sellers market for townhouses and condos in Martin County.  I am hoping with the increase in prices, many potential sellers will enter the market and bring inventory levels up.

August 2015 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
August 2015 Monthly Market Detail Martin County 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 Martin County Townhouses and Condos

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August 2015 Martin County Update

09.28.15 by

Martin County August 2015

August 2015 Monthly Market Detail Martin County Single Family Homes

09.27.15 by

August 2015 Monthly Market Detail Martin County Single Family Homes

The August 2015 Monthly Market Detail Martin County Single Family Homes showed some signs of weakness when compared to last year.  Year to year closed sales were down by 8% (was up 13.7% in July). New pending sales decreased by 2.4% as compared to August of 2014 (decreased by 3.1% in July).

The median sales price was up by 9.6% from last year (up by 7.5% in July) while the average price increased by 10% (was up by 11.7% last month).  Even with decreasing sales, the current lack of inventory is exerting significant upward pressure on single family home prices in Martin County.

The inventory of available single family homes increased from July 2015 by 58 homes to 1003 units this month, and this is also a 22.1% decrease from last August.  Current supply of homes is 4.3 months, for July of this year it was a 4.5 months supply. (This is a 33% decrease from last year). The Martin County single family real estate market remains a strong sellers market.  We are approaching our slower selling season for the upcoming holidays.  It will be interesting to see if we can get any increase in inventory of available homes to sell.

August 2015 Monthly Market Detail Martin County Single Family Homes

Click here to view or download the full report:
August 2015 Monthly Market Detail Martin County 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 Martin County Single Family Homes

August 2015 Saint Lucie County County Update

09.27.15 by

St Lucie County August 2015

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

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

Search Hobe Sound Condominium Properties by Price

 

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

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

 

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

Jensen Beach Condominium Properties by Price

 

Jensen Beach Florida Real Estate presented by:
Gabe Sanders

 

Jensen Beach FL 34957 Condo Market Report August 2015