Sewalls Point Single Family Market Report June 2015

07.10.15 by

Sewalls Point Single Family Market Report June 2015

Sewalls Point Real Estate Snapshot, Residential Sales for June 2015

 

There are currently 61 active listings (Decreased by 8 homes since last month)

Sewalls Point Single Family Market Report June 2015

15 home sales are pending and awaiting close or lender approval (Up by 3 homes from May)

Sewalls Point Single Family Market Report June 2015

3 Homes sold in June (Unchanged from May)

Sewalls Point Single Family Market Report June 2015

The Sewalls Point single family homes market continues to face slow sales activity even as the surrounding areas are seeing some very strong growth.  There is some good news with the increased pending activity which will hopefully translate to more closed sales in the near future.

The current absorption rate decreased slightly to 20.3 months, in May it was 23 months. Lots of room for improvement.  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 June of 2014, the inventory was 53 homes on the market, 11 pending sales and there were 5 closed sales.  We have better pending activity this year, though not as good with closed activity.

Sewalls Point Single Family Market Report June 2015

 Search below for Sewalls Point Florida Real Estate for Sale

 

Rental Properties

Vacant Land Properties

Residential Properties

Sewalls Point Single Family Market Report June 2015

 

July 2015 Archipelago Real Estate of Sewalls Point Market Update

07.09.15 by

July 2015 Archipelago Real Estate of Sewalls Point Market Update

For July of 2015 there are two active listings on the market in the Archipelago of Sewalls Point.  Listing prices are $1,550,000 and $1,995,000 for an average list price of $1,772,500 or $540.84 per sq. ft.

There are no homes are currently under contract.

In the past 12 months, there have been no homes sold in the Archipelago of Sewalls Point. The last sale was just outside a year on 4/30/2014 which was a $735,000 sale price.

Aerial of the Archipelago of Sewalls Point

Located in the prestigious town of Sewalls Point, Florida the Archipelago is a non gated neighborhood of all waterfront homes with access to the crystal clear waters of the Atlantic Ocean through the Saint Lucie Inlet in Martin County, Florida.  All the homes in the Archipelago are on either the wide waters of the Indian River or located on deep water canals.  The Saint Lucie Inlet to the Atlantic is less than two miles away by water.  Access is maintained by dredging all Archipelago waterways to 6’.  Homes range from modest older frame homes, to spectacular estate lots with magnificent views.

 View of the Archipelago of Sewalls Point

View of the Archipelago of Sewalls Point

The link below will take you to all currently available Archipelago homes in Sewalls Point, Florida

Search for Archipelago Homes for Sale


View all of our Listings


Sewalls Point  Real Estate is presented by:

the Gabe Sanders real estate team

July 2015 Archipelago Real Estate of Sewalls Point Market Update

Lake Tuscany July 2015 Market Report

07.08.15 by

Lake Tuscany July 2015 Market Report

As of July 2015, there are 4  homes available for sale with listing prices from $429,000 to $450,000 at an average list price of $440,997 which is a price per square foot of living area of $113.71.

There are no homes currently under contract and awaiting settlement in Lake Tuscany.

In the past 12 months, 8 homes have sold in Lake Tuscany ranging in sales price from $327,500 to $444,900 for an average sales price of $362,275 which equals $118.12 per sq. ft. of living area.  These homes took an average of 126 days on market to go under contract and sold at 96% of list price.

Lake Tuscany real estate Stuart FL

Lake Tuscany in Stuart FL is a newer subdivision just to the west of I-95 in Martin County, Florida.  The homes in Lake Tuscany were mostly completed between 2004 to 2005.  This attractive subdivision is set up with a gated entrance and all 98 homes in Lake Tuscany are on Panther Trace which makes a large circle around the lake in the center.  Homes range from 3 Bedroom, 3 Bath or 4 BR 2 Baths of around 2100 sq. ft. of living area to spacious 6 Bedroom, 4 Bathroom 2 story homes with lofts and theater rooms with pools by the lakeside along with 3 car garages.  All are high quality homes built by local builder Mercedes Homes.

Lake Tuscany real estate Stuart FL Lake Tuscany real estate Stuart FL

Lake Tuscany boasts lush landscaping and very reasonable Home Owner’s Association fees of $398 per quarter.  These fees cover security, the common areas and lake upkeep, basic cable, trash collection and front landscaping.  The Lake Tuscany property owners web site is located at this site.

Lake Tuscany real estate Stuart FL Lake Tuscany real estate Stuart FL

Families in Lake Tuscany enjoy Martin County’s ‘A’ rated schools in the following schools: Crystal Lake Elementary, David L Anderson Middle School and South Fork High School.  Shopping is only minutes away and there’s easy access to Martin County’s waterways and just a short drive to the many public beaches.

 Lake Tuscany real estate Stuart FL

Search here for currently available Lake Tuscany real estate in Stuart FL

For any questions you may have about July 2015 Lake Tuscany Real Estate Update in Stuart FL, 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

Lake Tuscany July 2015 Market Report

 

July 2015 Market Report for Osprey Cove in Hobe Sound

07.07.15 by

July 2015 Market Report for Osprey Cove in Hobe Sound

There are currently 5 homes for sale in Osprey Cove in Hobe Sound, FL.  Listing prices range from $635,000 to $1,249,000 for an average list price of $774,780. or a price per square foot of living area of $241.88.

There are three homes under contract which have not closed to date.  List prices are from $514,900 to $699,000 or $218.22 per sq. ft. of living area.

In the past 12 months, 9 homes have sold in Osprey Cove with sales prices ranging from $445,000 to $689,900 for an average sale price of $545,000 or $206.41 per sq. ft. of living area. These sales averaged 613 days on the market and sales prices averaged 96% of list price.

Osprey Cove in Hobe Sound

Clubhouse

Osprey Cove in Hobe Sound, Florida is a waterfront community off of Gomez Avenue in the vibrant Hobe Sound area of Martin County, Florida.  It is also known as the Osprey Cove Yacht Club and boasts 32 deep water boat slips just off the Intracoastal Waterway.  There are only 86 homes in this gated community that broke ground in late 2000 with homes being completed from 2000 through 2006.   Homes range in size from 3 bedroom, 3 bathroom, 2 car garage homes of 2,230 sq. ft. to 5 bedroom, 4 and 1/2 bathroom, 3 car garage pool homes of over 4,000 sq. ft. of living area.  There’s also a community pool and tennis court available to all residents.

Osprey Cove in Hobe SoundFor boaters, the docks are approximately 5 miles from the Saint Lucie Inlet of Martin County and just under 10 miles from the Jupiter Inlet in Palm Beach County.  All Osprey Cove residents enjoy easy access to shopping, restaurants and the pristine beaches of Jupiter Island in Martin County.

Osprey Cove in Hobe Sound

For families, the Martin County School District is one of the highest rated in Florida and children attend the Hobe Sound elementary school, Murray middle school and South Fork high school.  There are also a number of excellent private schools located nearby, including the Pine School.

Osprey Cove in Hobe Sound

You can find additional information at the Osprey Cove in Hobe Sound Homeowner’s Association web page.

July 2015 Market Report for Osprey Cove in Hobe Sound

For any questions you may have about Osprey Cove in Hobe Sound, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Hobe Sound Florida Real Estate

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

July 2015 Market Report for Osprey Cove in Hobe Sound

Portofino Condos at Jensen Beach July 2015 Market Update

07.06.15 by

Portofino Condos at Jensen Beach July 2015 Market Update

As of July 2015 there is only one condo available for sale in Portofino.  It is a 2 BR condo listed for $101,500 or $95.31 per sq. ft. of living area.

There are no condos pending at this time.

In the past 12 months, 10 condos have sold, ranging in sales price from $54,600 to $90,169 for an average sales price of $68,286 which equals a price per sq. ft. of $73.77.  The average days on market was 25 days and the average list to sales price ratio was an incredible 119%

Portofino condos remain in high demand and sales prices continue to rise.  Many of the units continue to be controlled by the former developer who has not released them for sale and continues to run a rental program.

Portofino Condos at Jensen Beach are one of the newest condominium subdivisions in Martin County.  Originally built as an upscale apartment complex around 2000, this development was turned into condominiums and began sales in 2005.  Due to the downturn in the housing market, not all units were sold and some are now being offered for lease.  Portofino Condos at Jensen Beach July 2015 Market Update features 1, 2 and 3 bedroom units with separate garage parking as an added purchase when available.  Unit sizes are 802 sq. ft. for the 1 Bedroom 1 bath, 1074 sq. ft. for the 2 Bedroom 2 bath, and 1252 sq. ft. for the 3 Bedroom 2 bath.

The Condo Owners Association fees range from $190 to $315 per month depending on unit size and for garage owners, there’s an additional $20 per month charge.  Fees include the extensive grounds and gated entry as well as the amenities, which include a large community pool, heated whirlpool, state of the art fitness center, indoor racquetball court, tennis court, playground and a private clubhouse with a full kitchen.

All ages are welcome in Portofino Condos at Jensen Beach.   Children attend Martin County’s highly rated school system, currently at Jensen Beach elementary school, Stuart middle school and Jensen Beach high school.  Portofino Condos is close to the Treasure Coast mall as well as numerous shops and restaurants, medical facilities and only a few minutes to the waterways of Martin County and the beaches of Hutchinson Island.

For information about sales or rentals of Portofino Condos in Jensen Beach, please call the Gabe Sanders real estate team at 772-323-6996 or contact us here.

 

Jensen Beach Florida Real Estate

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

Portofino Condos at Jensen Beach July 2015 Market Update

the Florida Club July 2015 Market Activity

07.05.15 by

the Florida Club July 2015 Market Activity

Stuart, Florida

As of July, 2015:

There are currently no Florida Club homes for sale.  All of the available homes have either sold or are under contract.

There is 1 home under contract awaiting the sale.  The list price was $246,900 or $161.58 per sq. ft. of living area.  This home was on the market for only 8 days prior to going under contract.

In the past 12 months, 43 homes have sold in the Florida Club with sales prices ranging from $210,000 to $454,000 for an average sales price of $284,634 which equals $150.00 per square foot of living area.  The average days on market was 60 days with a 96% list to sales price ratio.

Conveniently located at the gateway to Stuart, Florida and Martin County, the Florida Club is a DiVosta built golf club community located off Kanner Highway and within minutes of I-95. This non-equity golf club community consists of 433 homes.  113 homes in the estates section of the Florida Club featuring larger lots and spacious estate sized homes.  Many with both lake or golf course views and a few with both.  The remaining Florida Club homes feature either single family or attached one story villas, many also with golf course and/or lake views.  Residents of the Florida Club can enjoy daily golf or if the wish can forgo being a member and just enjoy the benefits of living in a wonderful gated community without the expense of golf club membership.  Additionally for those wishing to play only occasional (or just seasonal) golf, the Florida Club is open for non-members.

As of this writing, homes can be purchased in the Florida Club from the mid to high $100’s for villas to the upper $400’s for larger estate homes. Perfect for anyone who wants the convenience of easy access to I-95 with Palm Beach, Fort Lauderdale and Miami, just a quick trip to the south and Orlando to the north. Yet still only minutes to the wonderful Atlantic Beaches of both Stuart or Hobe Sound and Jupiter Island.

The Martin County location ensures low property taxes and ‘A’ rated school system. Enjoy the Florida sunshine and all that this friendly neighborhood has to offer.

For more information about golf at the Florida Club July 2015 Market Activity please visit their web site: Florida Club Web Site and watch their welcome video below:

Search for all Florida Club Homes for Sale in Stuart Florida

View all of our listings

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

the Florida Club July 2015 Market Activity

Summerfield Golf Club Market Update for July 2015

07.04.15 by

Summerfield Golf Club Market Update for July 2015 – Home of the Champions Golf Club

Summerfield Golf Club

As of July 2015:
There are 6 homes on the market in Summerfield ranging in listing price from $318,000 to $598,000 for an average of $416,798 which equals $162.55 per square foot of living area.

There are 6 homes under contract (pending) awaiting their closing. Listing prices are from $292,000 to $469,000 for an average of $363,166 which equates to $161.14 per square foot of living area.

In the past 12 months, 33 homes have sold.  Sales prices ranged from $175,000 to $511,900 for an average sales price of $304,283 which equals $149.06 per square foot of living area.  The average days on market for these sales was 77 days and the average list to sales price was at 96%.

Summerfield Golf Club is located on over 275 acres and hosts a little over 500 single family homes adjoining the Champions Golf Course.  Selected as one of the top 10 Golf Courses he nation by Golf Magazine in 1995, it is the first public golf course awarded the Audubon Signature Sanctuary Statuary because of its natural beauty.  This Tom Fazio designed course is open to the public with very reasonable membership fees.  Visit the Champions Course web site for more information at http://www.thechampionsgolfclub.com/

Summerfield Golf Club

The residential section is known as Summerfield Golf Club and is a secured gated community with homes ranging in size from smaller 2 bedroom coach homes of around 1500 square feet up to 5 bedroom estate homes boasting over 3,000 square feet of living area.

the Champions Club at Summerfield

Summerfield boasts an exceptionally large community pool and clubhouse with dining and entertainment facilities, fitness center and a professional 6 court Tennis club.  All of these amenities available at very reasonable HOA fees, along with the convenience of on-site manager to handle any issues that may arise.

Summerfield Golf Club

Very conveniently located near US-1 and Cove Rd, residents can enjoy close proximity to shopping, medical facilities with downtown Stuart only minutes away and only 30 minutes to the palm Beaches.  Easy access to I-95 where travel to Orlando or Miami is only 2 hours by car.

the Champions Club at Summerfield

Summerfield Golf Club

The following homes are currently available for sale in Summerfield:

Summerfield Golf Club Homes for Sale

Stuart Florida Real Estate

Summerfield Golf Club Market Update for July 2015

May 2015 Monthly Market Detail St Lucie County Townhouses and Condos

06.30.15 by

May 2015 Monthly Market Detail St Lucie County Townhouses and Condos

The May 2015 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors had a very difficult month of May for the volume of sales.  Closed sales were down by 30.6% (was up by 8.6% in April) while new sales under contract (new pending sales) decreased by 25.8% (was down by 21.5% in April).

The median sales price increased by 11.5% (down 19.5% in April) and the average sales price increased by 16.5% (was up by 0.8% in April).  Back to price increases after a setback last month.

The inventory of available townhouses and condos decreased by 38 units from last month to 596 properties, which is also down from last May by 26.9%. Current supply of inventory decreased to 5.7 months, from April’s 5.9 months. This is 27.0% lower than last year. The St Lucie County townhouse and condo market is now in a sellers’ market, typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.  Unfortunately, there’s not enough inventory to sustain a growing volume of sales.

May 2015 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
May 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.

May 2015 Monthly Market Detail St Lucie County Townhouses and Condos

May 2015 Monthly Market Detail St Lucie County Single Family Homes

06.29.15 by

May 2015 Monthly Market Detail St Lucie County Single Family Homes

May 2015 Monthly Market Detail St Lucie County Single Family Homes is struggling with the volume of sales while at the same time showing continued price increases.  Closed sales were off by 19.8% (in April they were up by 12.1%) and new sales under contract (new pending sales) decreased by 31.3% (they were down by 18.7% last month).

Both median and average sales prices continue strong gains with increases of 18.2% and 13.1% respectively from last May (For April these numbers were 20.9% and 25.8%).  These price increases, while good news for sellers, are making single family homes less affordable in the St. Lucie County market area.

The inventory of active listings decreased in May (from last month) by 143 homes to 1,590, and this is  lower than last year’s inventory by 21.9%.  The current supply of inventory is only 3.3 months (a 27.2% decrease from last year). The Saint Lucie County single family home market remains in 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.  We remain in a pretty extreme sellers market for St Lucie County single family home sale.

May 2015 Monthly Market Detail St Lucie County Single Family Homes

Click here to view or download the full report:
May 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.

May 2015 Monthly Market Detail St Lucie County Single Family Homes

May 2015 Monthly Market Detail Martin County Townhouses and Condos

06.28.15 by

May 2015 Monthly Market Detail Martin County Townhouses and Condos

May 2015 Monthly Market Detail Martin County Townhouses and Condos activity decreased in volume from last year while still showing some exceptionally strong price gains.  Year to year closed sales were down by 4.7% (was down by 9.5% in April) as well as new sales under contract (new pending sales) was down by 11.7% from May 2014 (decreased 19.2% in April).

The median sales price was up by 38.0% (was down by 1.1% in April) while the average sales price increased by 42.2% (was down by 5.0% in April) as compared to May of 2014.  Back into some exceptionally strong price gains.

The inventory of available townhouses and condos has decreased by 31 units to 424 properties from last month, this is 25.0% less inventory than was available in May of 2014.  For May there was a 3.9 month supply of inventory (a 31.8% decrease from last year).  A very strong sellers market for townhouses and condos in Martin County.  Buyers are in need of additional inventory for their potential purchases.

May 2015 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
May 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.

May 2015 Monthly Market Detail Martin County Townhouses and Condos

Tennis Villas June 2015 Market Report

06.26.15 by

Tennis Villas June 2015 Market Report

As of June 2015, there are 4 active listings in Tennis Villas. The list prices are $229,000 and $261,000 for an average listing price of $243,250 which equates to $272.75 per sq. ft. of living area.

There are currently no condos under contract or pending in the Tennis Villas

5 condos have sold in the past 12 months. Sales prices ranged from $210,000 to $255,000 with an average of $229,600 or $242.48 per sq. ft. of living area. These sales averaged 93% of listing price with an average days on market of 178 days.

Tennis Villas in Indian River Plantation

About Tennis Villas

For those looking to live in a resort setting with the beaches of the Atlantic Ocean close by as well as a full service Marina, golf course, restaurants and fitness facilities without paying the premium price of most resorts, then the Tennis Villas in Indian River Plantation might just be the place for you.

Tennis Villas in Indian River Plantation Tennis Villas in Indian River Plantation

The Tennis Villas are condos located just off the golf course and surrounded by the Atlantic Ocean to the east and the Indian River (Intracoastal) to the west. There are 92 units built in 1978 and 1979. They are all two bedroom and two bathroom condos with 871 sq. ft. of living area.  The Tennis Villas are pet friendly and will allow one pet.

 Tennis Villas in Indian River Plantation Tennis Villas in Indian River Plantation

The Tennis Villas are in an excellent location, just a short walk to the beach and there’s a courtesy tram that is available to take residents and guests around the sprawling facilities of the Marriott resort at Indian River Plantation. Just a short drive to the grocery store, historic downtown Stuart and the many, many amenities that Martin County FL has to offer.

 Hutchinson Island Real Estate

 

Search here for:

Tennis Villas Homes for Sale

Tennis Villas June 2015 Market Report

 

May 2015 Monthly Market Detail Martin County Single Family Homes

06.25.15 by

May 2015 Monthly Market Detail Martin County Single Family Homes

The May 2015 Monthly Market Detail Martin County Single Family Homes is starting to show the effects of the rapid price increases and reduced inventory.  Year to year closed sales were down by 2.6% (was up 24.7% in April). New pending sales increased by 1.1% as compared to May of 2014 (increased by 23% in April).

The median sales price was down by 1.1% from last year (up by 5.1% in April) while the average price increased by 13% (was up by 14.9% last month).  Beginning to show some weaknesss in what has been an exceptionally strong rate of price increases for the past two years.

The inventory of available single family homes decreased from April 2015 by 173 homes to 1087 units this month, and this is also a 23.5% decrease from last May.  Current supply of inventory decreased to 4.8 months from April’s 5.6 months supply. (A 35.6% decrease from last year). The Martin County single family real estate market is back into a sellers market, though there are some major issues showing of late.  Primarily the lack of inventory of available homes for sale.

May 2015 Monthly Market Detail Martin County Single Family Homes

Click here to view or download the full report:
May 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.

May 2015 Monthly Market Detail Martin County Single Family Homes

May 2015 Monthly Market Detail Florida Townhouses and Condos

06.24.15 by

May 2015 Monthly Market Detail Florida Townhouses and Condos

The May 2015 Monthly Market Detail Florida Townhouses and Condos showed declining activity for the first time in a while.  Closed sales were down by 0.1% as compared to last months increase of 8.1% and new sales under contract (new pending sales) decreased by 1.4% (April’s increase was 0.6%).

Both median and average sales prices still managed to increase, with rises of (year to year) 9.7% and o.5% respectively (in April they were up by 10.3% and 6.1%).  As sales volume decreases, I expect to see some moderation in the coming months for price increases.

The inventory decreased slightly by .08% for May.  The decreasing inventory may be one reason for the reduced sales volume.  For May 2015 we have 5.8 months of inventory (was 6 months in April) also was 6.0 from last May.  Essentially a balanced real estate market as a 6 months inventory supply is considered a balanced market.

May 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:
May 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.

May 2015 Monthly Market Detail Florida Townhouses and Condos

May 2015 Monthly Market Detail Florida Single Family Homes

06.23.15 by

May 2015 Monthly Market Detail Florida Single Family Homes

The May 2015 Monthly Market Detail Florida Single Family Homes continues to show improved activity from last year though the rate of increased activity is moderating.  Closed sales were up by 7.7% (was up by 17.9% in April) and new sales under contract (new pending sales) increased by 1.5% (was up by 8.6% in April).

Both median and average sales prices continue to rise ( May 2014 to May 2015) by 11.1% and 1.9% respectively, compared to April’s 11.4% and 8.1%.  Home values continue to increase, but at least for May the rate of increases has settled down somewhat.

The inventory of available homes for sale fell by 5.7% from last year.  Some high demand areas of Florida have seen decreasing inventory for a number of months now.  For May there was only a 4.7 months supply of inventory, this is a sellers market with the advantage for sellers. (May of 2014 had a 5.7 month supply)

May 2015 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:

May 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.

May 2015 Monthly Market Detail Florida Single Family Homes

Hobe Sound FL 33455 Condo Market Report May 2015

06.22.15 by

Hobe Sound FL 33455 Condo Market Report May 2015

 

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

 

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

 

There are currently 8 active condo listings. (Down by 2 condos from April)

Hobe Sound FL 33455 Condo Market Report May 2015

4 Condos are pending and awaiting close. (Up by 2 condos from April)

Hobe Sound FL 33455 Condo Market Report May 2015

1 Condos sold in April (Decreased by 4 condos from April)

Hobe Sound FL 33455 Condo Market Report May 2015

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  As we deplete the pending inventory with closed sales, this will continue to be a difficult segment of the Martin County condo market until we get more inventory of available condos.

The current absorption rate is 8 months (Last month it was 2 months). 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 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 May 2014 numbers were: 20 active listings, 5 pending sales and 3 closed sales.  Currently with single digit inventory numbers, it is very difficult to generate any kind of volume for condo sales in Hobe Sound.

Hobe Sound FL 33455 Condo Market Report May 2015

Search Hobe Sound Condominium Properties by Price

 

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report May 2015

 

Hobe Sound FL 33455 Residential Market Report May 2015

06.21.15 by

Hobe Sound FL 33455 Residential Market Report May 2015

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

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

There are currently 180 active listings. (Up by 2 homes from April)

Hobe Sound FL 33455 Residential Market Report May 2015

113 Residential sales are pending and awaiting close  (Down by 20 homes from April)

Hobe Sound FL 33455 Residential Market Report May 2015

65 Homes Sold in May (Down by 3 homes from last month)

Hobe Sound FL 33455 Residential Market Report May 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues to set a torrid pace and is the winner for the strongest activity in residential sales for the county.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 eaked up to 2.8months (2.6 months in April).  Still an extreme seller’s market for the Hobe Sound area of Martin County.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for May 2014 were:  272 active listings, 84 pending sales and 47 closed sales.   Considerably better activity this year even with the reduced inventory.

Hobe Sound FL 33455 Residential Market Report May 2015

Search here for Hobe Sound Florida Real Estate for Sale

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

 

Hobe Sound FL 33455 Residential Market Report May 2015

Jensen Beach FL 34957 Condo Market Report May 2015

06.20.15 by

Jensen Beach FL 34957 Condo Market Report May 2015

 

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

 

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



There are currently 30 active listings. (Increased by 2 condos from April)

Jensen Beach FL 34957 Condo Market Report May 2015

12 Condo sales are pending and awaiting settlement. (Decreased by 4 condos from April)

Jensen Beach FL 34957 Condo Market Report May 2015

8 Condos Sold (Decreased by 3 condos from April)

Jensen Beach FL 34957 Condo Market Report May 2015

 The Jensen Beach FL 34957 Condo Market Report May 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.   Closed sales were off a little, but still an active sellers market.

The one month absorption rate for the May 2015, Jensen Beach Florida Market Report ZIP Code 34957 rose to 3.8  months (from 2.5 months in April), still a sellers market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The May 2014 numbers were: 31 active listings, 9 pending sales and 5 condos closed.  Better activity this year, though with such small numbers a trend is difficult to determine for this market.

Jensen Beach FL 34957 Condo Market Report May 2015

Jensen Beach Condominium Properties by Price


Jensen Beach Florida Real Estate presented by:
Gabe Sanders

 

Jensen Beach FL 34957 Condo Market Report May 2015

Vista del Lago June 2015 Market Report

06.20.15 by

Vista del Lago June 2015 Market Report

As of June 2015, there are 3 active listings in Vista del Lago. The list prices range from $49,900 to $74,900 for an average list price of $64,600 which equates to $76.22 per sq. ft. of living area.

There are currently two condos under contract which have not closed yet.  List prices were $37,00 and $50,000 for an average of $43,950 which equals $50.02 per sq. ft. of living area.

26 condos have sold in the past 12 months. Sales prices were from $33,000 to $85,000 with the average being $59,796. This equals $64.08 pr sq. ft. of living area. The average days on market was 50 days and these condos sold on average at 94% of list price.

 Vista del Lago in Stuart FL

The Vista del Lago condominium complex consists of over 500 condos located north of the Roosevelt Bridge and west of Federal Hwy (US-1) in North Stuart.  This attractive complex is very conveniently located near shopping, restaurants and a quick drive to either downtown Stuart or Jensen Beach.  Just a few minutes more and you can be on the Ocean in either Stuart or Jensen Beach.

Vista del Lago in Stuart FL Vista del Lago in Stuart FL

Vista del Lago condos were first built in 1974 and the last one was completed in 1979.   All the buildings are two story and contain both 2 Bedroom, 2 Bath and 1 Bedroom 1 Bath units.  Sizes range from 1,014 sq. ft. of living space down to 631 sq. ft. 1 bedroom units.  Many of these condos have attractive water views as well as some with golf course views of the Pine Lakes Golf Club.

Vista del Lago in Stuart FL Vista del Lago in Stuart FL

There’s an active clubhouse with a large swimming pool as well as shuffleboard courts.  No pets are permitted in Vista del Lago and this is an age restricted (55+) community.  The HOA fees as of June 2015 were from the low $200’s for a 1 Bedroom unit to just under $300 per month for 2 Bedroom condos.

Search here for:

Vista del Lago Homes for Sale

Vista del Lago June 2015 Market Report

Jensen Beach FL 34957 Residential Market Report May 2015

06.19.15 by

Jensen Beach FL 34957 Residential Market Report May 2015

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

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

 There are currently 135 active listings. (Down by 10 homes from last month)

Jensen Beach FL 34957 Residential Market Report May 2015

92 Residential sales are pending and awaiting close or lender approval. (Up by 4 homes from April)

Jensen Beach FL 34957 Residential Market Report May 2015

31 Homes Sold (Decreased by 17 homes from April)

Jensen Beach FL 34957 Residential Market Report May 2015

The Jensen Beach FL 34957 Residential Market eased a little from the torrid pace of last month, though still an extreme sellers market.  Interestingly, Jensen Beach is one of our only markets with an increase of inventory from last year.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 4.4 months (was 3.0 months in April).  Still a sellers market for Jensen Beach home sales but heading towards a balanced market.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The May 2014 numbers were: 112 active listings, 72 pending sales and 42 home sales closed.   Better closed volume last year while pending sales are stronger this year.
Jensen Beach FL 34957 Residential Market Report May 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

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

Jensen Beach FL 34957 Residential Market Report May 2015

Palm City FL 34990 Condo Market Report May 2015

06.18.15 by

Palm City FL 34990 Condo Market Report May 2015

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

 

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



There are currently 55 active condo listings. (Unchanged from April)

Palm City FL 34990 Condo Market Report May 2015

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

Palm City FL 34990 Condo Market Report May 2015

4 Condos Sold in May. (Down by 3 condos from April)

Palm City FL 34990 Condo Market Report May 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Unfortunately activity decreased from the previous month.

The current absorption rate for condos in the 34990 zip code area declined to 13.8 months (was 7.9 months in August).   Sliding in the wrong direction for the Palm City condo 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 May 2014 numbers were: 52 active listings, 10 pending sales and 4 closed sales.   Just about identical to this years activity.
 Palm City FL 34990 Condo Market Report May 2015

Search for Palm City Condos by Price:

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report May 2015