May 2014 Market Report for Legacy Cove in Stuart Florida

05.07.14 by

May 2014 Market Report for Legacy Cove in Stuart Florida

There are currently only 7 homes for sale (including new construction from D.R. Horton) in Legacy Cove in Stuart, FL.  Listing prices range from $265,000 to $459,000 for an average price per square foot of living area of $156.86.

There are 3 homes under contract awaiting settlement priced from $349,900 to $352,900 for an average of $142.93 per sq. ft. of living area.

In the past 12 months, 10 homes have sold with sales prices ranging from $240,000 to $405,729 at an average of $139.70 per sq. ft. of living area.

Legacy Cove in Stuart FL

Legacy Cove in Stuart Florida is a gated lakeside community of 229 homes off of Cove Road in Stuart, Florida.  Legacy Cove consists of two sections. The first section of 142 homes called the Cove Isle development was mostly completed between 2004 and 2005.  The newer section, called the Cove Lakes development consists of 87 home sites with construction that began in 2007.  Some homes are yet to be completed in Cove lakes.

Legacy Cove in Stuart FL

There’s a wide variety of homes in Legacy Cove, ranging for the smallest, a 3 bedroom, 2 bathroom, 2 car garage with a little under 1,600 square feet of living area to  4, possible 5 bedroom, 3 and a 1/2 bathroom, 3 car garage two story homes with almost 4,000 square feet of living area.  And many sizes in between.

Legacy Cove in Stuart FL

Legacy Cove boasts a community pool and club house with a fitness center as well as two hard surfaced tennis courts.  Many homes in Legacy Cove in Stuart Florida have serene lake views and a comfortable private feeling.  Located just minutes from I-95, this is a great location for those wishing to take advantage of Martin County’s amenities while still having an easy commute to work either north or south.

Legacy Cove in Stuart FL

Legacy Cove is in an ‘A’ Martin County school system with children currently attending Pinewood elementary school, Dr. David L Anderson middle school and Martin County high school.

Legacy Cove in Stuart FL

The HOA fees are very reasonable at $688.00 per quarter.  Management of the community is through Bristol Management of Stuart.

Legacy Cove in Stuart FL

Residents of Legacy Cove in Stuart Florida enjoy a relaxing life style with easy access to restaurants, shopping and the many waterways, beaches and public parks that Martin County has to offer.

Search here for Legacy Cove Homes for Sale

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

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May 2014 Market Report for Legacy Cove in Stuart Florida


May 2014 Market Update for Island Dunes Condos on Hutchinson Island

05.06.14 by

May 2014 Market Update for Island Dunes Condos on Hutchinson Island

May 2014 Market Update for Island Dunes Condos on Hutchinson Island in Jensen Beach, FL

There are currently 27 active listings on the market at prices ranging from $145,000 to$619,000 for an average of $234.06 per square ft. of living area.

There are 12 condos under contract awaiting closing listed from $150,000 to 575,000 at an average cost per square ft. of living area of $206.67

In the past 12 months, 47 condos have sold ranging in sales prices from $150,000 to $665,000 with an average price per square foot of $207.77

 Island Dunes Condos for Sale on Hutchinson Island

Located on the unspoiled Barrier Island of Hutchinson Island in Jensen Beach, Florida in Saint Lucie County is a complex of five separate condominium buildings with a common thread.  All of these units belong to the Island Dunes Country Club.  This unique arrangement offers golf, tennis and a deep water marina, just steps from your condo without having to travel to the mainland. Island Dunes Condos for Sale on Hutchinson IslandThe five buildings from North to South are the Island Dunes Oceanside I & II, the Admiral, the Regency Island Dunes and the Regency Island Dunes Two.  All of these buildings are Oceanside affording easy access to the crystal clear blue waters of the Atlantic Ocean.  There’s a wide variety of condos available ranging from 1 Bedroom to spectacular 3 Bedroom Penthouse suites.

 

Island Dunes Condos for Sale on Hutchinson Island

The Island Dunes Country Club offers a challenging nine hole golf course golf course on the on the banks of the wide Indian River,  championship tennis club , a pro shop, a deep water marina and one of the fine dining in the onsite restaurant area which is open to the public.

Island Dunes Condos for Sale on Hutchinson IslandIsland Dunes Condos for Sale on Hutchinson Island

 Search for all May 2014 Market Update for Island Dunes Condos on Hutchinson Island in Stuart Florida


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May 2014 Market Update for Island Dunes Condos on Hutchinson Island

 

May 2014 Market Report for Ocean Bay Villas on Hutchinson Island

05.05.14 by

May 2014 Market Report for Ocean Bay Villas on Hutchinson Island

As of May 5, 2014 there are 4 available homes in the Ocean Bay Villas community on Hutchinson Island, FL.  List prices are from $369,000 to $595,000, for an average of $195.89 per sq. ft. of living area.

There are no current pending sales.

There have been 5 closed sales in the past 12 months.  Sales prices ranged from $245,000 to $530,000.   Sales prices averaged out at $153.33 per sq. ft. of living area.  One of these sales was a short sale.  The other four were non-distressed sales.

May 2014 Market Report for Ocean Bay Villas on Hutchinson Island

Ocean Bay Villas on Hutchinson Island is an exclusive private enclave for only 78 owners located beautiful and unspoiled Hutchinson Island in Saint Lucie County on Florida’s Treasure Coast.  All villas in Ocean Bay feature three story luxury town home style residences with elevators and modern updated interiors.

May 2014 Market Report for Ocean Bay Villas on Hutchinson Island

There are three different home plans; The Azalea with 3 Bedrooms, 3 & 1/2 Baths and Den in 2171 sq. ft. of living area. The Beachberry which has 3 Bedrooms, 3 Baths, Den and Office in 2,327 sq. ft. of living area.  And, the Cocoplum with with 3 Bedrooms, 3 & 1/2 Baths and Den in 2,579 sq. ft. of living area

May 2014 Market Report for Ocean Bay Villas on Hutchinson Island

May 2014 Market Report for Ocean Bay Villas on Hutchinson Island

May 2014 Market Report for Ocean Bay Villas on Hutchinson Island

All models have two car garages, 9 and 10 foot ceilings. This gated Ocean Side community features an entertainment clubhouse, fitness center, community pool and spa.  A true resort style lifestyle that can be yours everyday.

Search for all Available Ocean Bay Villas on Hutchinson Island in Stuart Florida
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May 2014 Market Report for Ocean Bay Villas on Hutchinson Island

May 2014 Market Update for Ocean House in Indian River Plantation

05.04.14 by

May 2014 Market Update for Ocean House in Indian River Plantation

May 2014 Market Update for Ocean House Condos in Indian River Plantation, Hutchinson Island in Stuart, FL

Currently 1 active listing on the market with a list price of $499,000 which equates to $373.10 per square ft. of living area.

Currently, no units in Ocean House are pending (under contract).

In the past 12 months, 4 condos have sold ranging in sales prices from $460,000 to $790,000 with an average price per square foot of $433.70

Ocean House in Indian River Plantation

One of the newest buildings in Indian River Plantation, Ocean House, is also the most magnificent.  Consisting of 79 Luxury Condo units of either 2 or 3 spacious bedrooms with amenities galore.  All suites have Ocean views, even the first floor units, which are in actuality the equivalent of being on the third floor as there are two parking levels for residents to enjoy covered parking.

Ocean House in Indian River Plantation

Ocean House has a newly renovated club house area featuring an updated kitchen with granite counter tops and stainless steel appliances.  Two flat screen televisions and free wi-fi for those that need connectivity.

Ocean House in Indian River Plantation

A heated pool and lanai area that’s perfect for lounging close to the beach, or walk down your private access to enjoy the crystal blue waters of your private Atlantic ocean beach.

Ocean House in Indian River Plantation

Barbecue area with a Tiki Hut for those nights that you want to eat out under the stars.

The Marriott Resort at Indian River Plantation Features:

Ocean House in Indian River Plantation

Indian River Plantation consists of numerous condominium associations and buildings.  All styles from Ocean front to River front and Golf and Tennis villas can be found here.  IRP is associated and co-located with the Marriott Resort and Marina.

Tucked away on Hutchinson Island, the Treasure Coast’s 16-mile lush barrier island, is a unique resort that greets guests with the warmth of true Southern hospitality.

The Hutchinson Island Marriott Beach Resort and Marina stretches across 200 acres of plantation landscape on Hutchinson Island, bordered on one side by the Atlantic Ocean and by the shimmering Indian River on the other side.

A newly remodeled lobby with sweeping draperies, plantation-style wood furnishings and tropical tones sets the stage for a magical golf getaway. This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.

Ocean House in Indian River Plantation

Golfers of all skill levels will enjoy the challenging fairways and greens found in the area’s 12 courses. Plantation East, the resort’s own course, meanders throughout the island and is characterized by water on 17 of 18 holes. This 4,042-yard, par-61 executive course requires careful club selection and precision shot-making to overcome constantly changing ocean breezes.

This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.

Golfers of all skill levels will enjoy the challenging fairways and greens found in the area’s 12 courses. The Ocean Club, the resort’s own course, meanders throughout the island and is characterized by water on 17 of 18 holes. This 4,042-yard, par-61 executive course requires careful club selection and precision shot-making to overcome constantly changing ocean breezes.

The Hutchinson Island Marriott offers guests and residents two tiki bars and their Signature Restaurant, the Baha Grille. Thirteen Novagrass tennis courts, miles of unspoiled beaches, water sports, deep sea fishing, and a full-service 77-slip marina anchored on the Indian River round out a perfect vacation of sun and fun.

Resort amenities also include three heated pools with sun decks, game rentals from the Activities Hut, two outdoor spas and supervised activities for both children and teens.

May 2014 Market Update for Ocean House in Indian River Plantation

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March 2014 Monthly Market Detail St Lucie County Townhouses and Condos

05.01.14 by

March 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The March 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed a continuing trend of disappointing results for volume of sales after a good start to the year in January.  Year to year closed sales were down by 21.3% (was down by 8.2% in February) while new sales under contract (new pending sales) decreased by 9.9% (was  down by 28.2% in February).  The decrease in pending sales is much less than last month which is at least a small positive.  Much of this decrease can be attributed to a decrease in inventory from last year as well as the rapidly increasing prices.

The median sales price up by 21.1% (up 15% in February) and the average sales price increased by 7.4% (was up by 14.4% in February).

The inventory of available townhouses and condos decreased by 6 units from last month to 895 units which is still down by 13.1% from last March.  Current supply of inventory remained inched up from last month to 9.6 months (a 0.3% increase from last year).   This is a buyers market at present and will most likely continue until inventory increases and price rises moderate to a more sustainable rate.

March 2014 Monthly Market Detail St Lucie County Townhouses and Condos

 Click here to view or download the full report:
March 2014 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.

March 2014 Monthly Market Detail St Lucie County Townhouses and Condos

March 2014 Monthly Market Detail St Lucie County Single Family Homes

04.30.14 by

March 2014 Monthly Market Detail St Lucie County Single Family Homes

March 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors showed continued strong market activity in both volume and rising prices.  Closed sales from last year were up by 9.9% (in February they were up by 14.1%) and new sales under contract (new pending sales) decreased by 8.8% (they were down by 14.8% last month).

Both median and average sales prices were up again (year to year) by 15.7% and 12.1% respectively from last March (For last month these figures were 10.9% and 13%).

The inventory of active listings decreased in March (from last month) by 93 homes to 2,269, which is an increase of 27.4% from last year.  Current supply of inventory is only 5.1 months (a 21.3% increase from last year).   Still a strong sellers market for the Saint Lucie County single family home market.  While not as red hot as last year, it is still very positive and could still slow down some to become a balanced market.

March 2014 Monthly Market Detail St Lucie County Single Family Homes

Click here to view or download the full report:  March 2014 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.

March 2014 Monthly Market Detail St Lucie County Single Family Homes

March 2014 Monthly Market Detail Martin County Townhouses and Condos

04.29.14 by

March 2014 Monthly Market Detail Martin County Townhouses and Condos

March 2014 Monthly Market Detail Martin County Townhouses and Condos report showed continued disappointing results as to both last year and the past few months.  Year to year closed sales were down by 29.9% (was down by 1% in February) while new sales under contract (new pending sales) decreased by 9% (was down 27% in February).

The median sales price increased by 7.4% (was up by 17.6% in February) while the average sales price decreased by 11% (was up 20.6% in February) as compared to March of 2013.  As the price increases moderate, I would expect to see some increased volume of closed and pending sales for the future.

 The inventory of available townhouses and condos has decreased by 39 to 596 units from last month which is 13.2% less inventory than was available in March of 2013.  With values going up as much as they have, I would have expected higher inventory levels.  The current supply of inventory is 6.2 months (a 16.5% decrease from last year).   Though down in volume from last year, this is still a balanced market that favors neither the buyer nor the seller.

March 2014 Monthly Market Detail Martin County Townhouses and Condos

 Click here to view or download the full report:  March 2014 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.

March 2014 Monthly Market Detail Martin County Townhouses and Condos

March 2014 Monthly Market Detail Martin County Single Family Homes

04.28.14 by

March 2014 Monthly Market Detail Martin County Single Family Homes

The March 2014 Monthly Market Detail Martin County Single Family Homes is showing some slower growth and even retracting in some areas (much like many other areas in FL this month).  Year to year closed sales were off by 14.7% (was up 10.8% in February). New pending sales increased by 17.5% as compared to March of 2013 (decreased by 30.4% in February).  An increase in the pending sales indicates a good possibility of better closed activity for the near future

The median sales price was up by 4% from last year (up by 5.7% in February) while the average price dropped by 25.1% (was down by 18.3% last month).  This is a dramatic indication of the continued activity for the lower price ranges and a slower sales volume in the higher end luxury market.

The inventory of available single family homes increased from February 2014 by 61 homes to 1,429 units this month, representing a 12.2% increase from last March.  Current supply of inventory rose to 7.5 months (a 2.9% decrease from last year).  Hovering just outside of a balanced market for now with a slight advantage for buyers.

Click here to view or download the full report:  March 2014 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.

March 2014 Monthly Market Detail Martin County Single Family Homes

March 2014 Monthly Market Detail Florida Townhouses and Condos

04.27.14 by

March 2014 Monthly Market Detail Florida Townhouses and Condos

For the March 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida continues to struggle in volume as the prices have soared. It appears that the prices have risen much to fast for consumer demand to keep up.  Year to year closed sales were down by 5.2% as compared to last months decrease of 6.8% and new sales under contract (new pending sales) decreased by 6.2% (February’s decrease was 14.5%).

Both median and average sales prices were up (year to year) by 16.7% and 16.1% respectively (in February it was 15.2% and 13.9%). These strong price appreciations is what I suspect is the cause of the decrease in market activity for condos and townhouses in Florida for March.

Inventory rose for the fifth month in a row, by 7%.  The rising inventory should produce some pressure to moderate the price increases.  This should help regain the momentum of sales.  The 6 month supply of inventory is a good sign that we are in a balanced market.

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:  March 2014 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.

March 2014 Monthly Market Detail Florida Townhouses and Condos

694 NE Wax Myrtle Way in Holly Creek is Pending

04.27.14 by

694 NE Wax Myrtle Way in Holly Creek is Pending

694 NE Wax Myrtle Way in Holly Creek

Two story townhome with glorious lake views and remodeled Master bath, plantation shutters in Master bedroom, laundry shoot, roll-down shutters, 1 car garage, screened porch, under stairs storage. Hot water heater 2009 & new range.  Under contract and awaiting settlement.

694 NE Wax Myrtle Way in Holly Creek

Holly Creek is one of the hidden jewels in Martin County and Jensen Beach. Holly Creek is a small and affordable subdivision located off of Jensen Beach Blvd. Just 2 miles from the Indian River (Intracoastal Waterway) and across the Jensen Beach Causeway to access the pristine waters and beaches of the Atlantic Ocean.

694 NE Wax Myrtle Way in Holly Creek

Only two miles to the Treasure Coast Mall and surrounding areas for shopping, and just a short bike ride from schools, restaurants, parks and downtown Jensen Beach; Holly Creek is one of the best locations on the Treasure Coast Low fees include professional landscaping.A large heated pool and two professional tennis courts adjoin the spacious clubhouse that has party and banquet facilities available for residents to use.

694 NE Wax Myrtle Way in Holly Creek Numerous small lakes and lush landscaping make Holly Creek a desirable place to call home or a possible vacation retreat from those cold northern winters.

694 NE Wax Myrtle Way in Holly Creek

Holly Creek features 2 bedroom townhomes, 3 bedroom villas, 3 bedroom chalet homes all with a single car garage and additional parking. There are also a limited number of estate homes in the rear of Holly Creek which have 2 car garages, larger floor plans and individual designs.

 

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694 NE Wax Myrtle Way in Holly Creek is Pending

 

March 2014 Monthly Market Detail Florida Single Family Homes

04.26.14 by

March 2014 Monthly Market Detail Florida Single Family Homes

The March 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors showed improved results from last month, but still not nearly as robust as last year.    Year to year closed sales were up, but only by 2.8% (was up by 1.5% in February) and new sales under contract (new pending sales) increased by 2.1% (was down by 5.5% in February).

Both median and average sales prices were up ( March 2013 to March 2014) by 7.1% and 6.3% respectively, compared to February’s 10% and 11%.   While still very positive numbers, the rate of appreciation appears to be slowing.

The inventory of available homes for sale increased by 16.8% from last year.  This is now the sixth month of increased inventory.  This increase is a direct result of rising prices as many home sellers have been waiting on the side lines for improved values.  I suspect that the reduced rate of increasing values and home sales are a direct result of the increasing inventory.  Currently, there are just not enough buyers to absorb this increase fully.

Click here to view or download the full report:
March 2014 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.

March 2014 Monthly Market Detail Florida Single Family Homes

Summerfield Homes for Sale in Stuart FL Under Contract

04.24.14 by

Summerfield Homes for Sale in Stuart FL Under Contract

Summerfield Golf Club

Beautifully maintained 3 bedrooms, 2 bath villa being sold fully furnished in move in condition. Located in the desirable gated community of Summerfield in Stuart FL. Features include a tiled living area, eat-in kitchen and ample closets. The covered and screened patio overlooks the 8th hole of the Champions golf course. Hurricane shutters, two car garage with plenty of storage space and a utility sink. This home is now under contract.

Summerfield Homes for Sale in Stuart FL

Summerfield Homes for Sale in Stuart FL

Summerfield Homes for Sale in Stuart FL

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

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Summerfield Homes for Sale in Stuart FL Under Contract

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code March 2014

04.19.14 by

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code March 2014

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for March 2014

For February 2013 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 22 active condo listings. (Down by 1 condo from February)

7 Condo sales are pending and awaiting close or lender approval. (Increased by 4 condos from February)

3 Condos sold in February (Unchanged from February)

The Hobe Sound condo market (Zip Code 33455) is one of the smallest segments of the Martin County real estate market (along with the Jensen Beach condo market).  March 2014 market activity saw little change in inventory and closed sales, along with a nice jump in pending sales.

The current absorption rate is 7.3 months (Last month it was 7.6 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 indicate a true trend in the market.  Yet even with these low numbers, we are close to a balanced market for condos in the 33455 zip code area of Hobe Sound.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The March 2013 numbers were:  22 active listings, 9 pending sales and 2 closed sales.   Very close to last years market activity.

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Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code March 2014

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code March 2014

04.18.14 by

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code March 2014

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for March 2014

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

 

There are currently 298 active listings. (Up by 9 homes from February)

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code March 2014

 

108 Residential sales are pending and awaiting close  (Increased by 10 homes from February)

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code March 2014

38 Homes Sold in March (Up by 12 homes from last month)

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code March 2014

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County for March had excellent market activity across the board..  Both pending and closed sales were up as well as a mice little increase in inventory.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 decreased to 7.8 months (11.1 months in February).  Still a buyers market, but getting close to a balanced market again.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for March 2013 were:  249 active listings, 100 pending sales and 45 closed sales. Better numbers this year than last, though when the increased inventory for this year is factored in, very similar in a percentage basis.

Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code March 2014
 

 

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Hobe Sound Florida Homes for Sale and Sold Report 33455 ZIP Code March 2014

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code March 2014

04.17.14 by

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code March 2014

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for March 2014

For March 2014 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 23 active listings. (Decreased by 4 condos from February)

18 Condo sales are pending and awaiting close or lender approval. (Down by 2 condos from February)

16 Condos Sold (Up by 10 condos from February)

 The Jensen Beach Condo market (zip code 34957) is a very small segment of the Martin County condo market.  After 4 months of slowly increasing inventory, inventory declined for the last three months in a row.   For as small a segment as this is, activity for March was quite strong with only a small drop in pending sales and and a very strong jump in the closed sale numbers.

The one month absorption rate for the March 2014, Jensen Beach Florida Market Report ZIP Code 34957 is at an incredible 1.4 months (4.5 months in February), meaning the average condo is selling in under 90 days.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The March 2012 numbers were: 54 active listings, 28 pending sales and 13 condos closed.   Better absolute numbers last year, but there was more than double the inventory.  With such low numbers of available condos in the Jensen Beach zip code, I’m predicting considerably slower activity for the near future.

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Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code March 2014

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code March 2014

04.16.14 by

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code March 2014

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for March 2014

 For March 2014 in the 34957 Zip Code area of Jensen Beach, Florida :

 

 There are currently 124 active listings. (Decreased by 20 homes from last month)

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code March 2014

 

97 Residential sales are pending and awaiting close or lender approval. (Up by 15 homes from February)

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code March 2014
 29 Homes Sold (Increased by 3 homes from February)

Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code March 2014

The March 2014 Jensen Beach residential real estate market, zip code 34957 showed a second strong month in a row with gains in activity for both pending and closed sales.   Inventory decreased for the second month in a row.  Pretty impressive results as some other zip code areas of Martin County are not doing quite as well as Jensen Beach.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 4.3  months (5.5 months in February).  A strong sellers market now exists in Jensen Beach.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The March 2012 numbers were: 119 active listings, 86 pending sales and 25 home sales closed.   Fairly similar activity to last year, though the pending sales are stronger.  This may lead to continued strong sales in the coming months.
Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code March 2014 
 
 

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Jensen Beach Florida Homes for Sale and Sold Report 34957 ZIP Code March 2014

 

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code March 2014

04.15.14 by

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code March 2014

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for March 2014

For March 2014 in the 34990 Zip Code area of Palm City, Florida :

There are currently 57 active condo listings. (Down by 6 condos from February)

11 Condo sales are pending and awaiting close or lender approval. (Increased by 5 condo from last month)

1 Condos Sold in March. (Down by 5 condos from February)

Other than an increase in pending sales, a pretty dismal March for the condo segment of the Palm City FL real estate market for zip code 34990.  Only 1 closed sale and a loss of all the gained inventory from last month.  But please keep in mind that this is a very small segment of the Palm City market as this area is primarily single family homes.  Trends are good to watch but a meaningful interpretation from monthly swings in values is difficult to determine.

The current absorption rate for condos in the 34990 zip code area zoomed to 57  months (was 10.5 months in February).   An extreme buyers 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 March 2012 numbers were: 63 active listings, 9 pending sales and 5 closed sales.   Better closed activity last year.  Hopefully this market will pick up for the spring.

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Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code March 2014

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code March 2014

04.14.14 by

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code March 2014

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for March 2014

 

For February 2013 in the 34990 Zip Code area of Palm City Florida :


There are currently 440 active listings (An decrease of 32 homes from February)

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code March 2014

 

 169 Residential sales are pending and awaiting close or lender approval. (Increased by 38 homes from last month)

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code March 2014

 

48 Homes Sold in February (Decreased by 1 home from February)

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code March 2014

After a slow two months to start the 2014 market, the Palm City home market (zip code 34990) appears to be picking up some steam.  Closed sales were off for the third month in a row, though only by 1 home for March.  Pending sales  had a large jump indicating a good possibility of increasing closed sales for the coming months.  Inventory decreased significantly, after numerous months of increases.
 
The current absorption rate decreased slightly to 9.1 months from 9.6 months in February, keeping the Palm City residential real estate market in a buyers market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The March 2012 numbers were:  390 active listings, 180 pending sales and 68 closed sales.  Still not as good as last year’s activity. 

Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code March 2014

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Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code March 2014

April 2014 Market Update for Hunters Creek in Palm City FL

04.14.14 by

April 2014 Market Update for Hunters Creek in Palm City FL

As of April, there is 1 home on the market in Hunters Creek in Palm City, FL.  This home is a 3 BR home listed at $319,750.  (or $127.14 per sq. ft. of living area.

There are no homes currently under contract (pending sales)

There have been 2 homes sold in the past 12 months in Hunters Creek.  Sales prices were $$275,000 and $278,000 for an average of $127.71 per sq. ft. of living area.  Neither of these sales nor the active listing is a distressed sale.

Hunters Creek in Palm City FL is a gated community of 68 homes located off of Mapp Road just north of the Oak Ridge subdivision and across the road from Harbour Pointe.

Homes in Hunters Creek were first completed in 1990 and the last home was built in 2001. There are no more vacant lots left to be built as this community is fully matured and built out. All homes are custom built and range in sizes from over 3,800 sq. ft. of living area to just under 1,700. From 5 bedroom pool homes on over a ½ acre of land down to 3 bedroom homes on just over a quarter of an acre.

HOA fees are a very reasonable at under $100 per month. This covers the common areas and security gate along with basic cable TV.

Hunters Creek is very conveniently located near the Palm Cove Golf Club as well as quick access to Florida’s Turnpike and I-95. Also, just a few minutes away from the Palm City Bridge with access to downtownStuart, Jensen Beach and the beaches of the Atlantic Ocean on Hutchinson Island.

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Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code March 2014

04.13.14 by

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code March 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for March 2014

For March, 2013 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 111 active condo listings (Decreased by 19 condos from February).

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code March 2014

55 Condo sales are pending and awaiting close or lender approval. (Up by 15 condos from last month) 

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code March 2014

 

13 Condos Sold in March (Down by 4 condos from February).

Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code March 2014

 

The Stuart Condo market in zip code 34994 had fewer closed sales for march than last month, however pending sales showed a nice jump which should result in some strong closed activity for the coming months.  Inventory, unfortunately dropped and is getting pretty slim in the way of available condos for buyers in the 34994 zip code area of Stuart.

The one month absorption rate rose to 8.5  months compared to last month’s 7.6.  Still a buyers market market for the 34994 zip code condo market of Stuart FL.  Though I expect this to change in the coming months.  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 March the numbers were 127 active listings, 57 pending sales, and 13 closed sales.   Quite similar to last years numbers even though inventory is less at present.
Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code March 2014

 

 

 

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Stuart Florida Market Report ZIP Code 34994 – Condo, March 2014