Palm City Florida Market Report ZIP Code 34990 – Condo, March 2013

04.22.13 by

Palm City Florida Market Report ZIP Code 34990 – Condo, March 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for March 2013

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



There are currently 63 active condo listings. (Down by 6 condos from February)

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

5 Condos Sold in March. (Up by 1 condo from February)

The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes.  Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results.  For March, the Palm City condo market activity had a small decrease in an already small inventory.  Sales were up and pending sales were also up.
The current absorption rate for condos in the 34990 zip code area is 13.8 months.  A very strong buyers’ market, as a balanced market is considered to be an absorption rate of around 6 months.
The March 2012 numbers were: 66 active listings, 2 pending sales and 3 closed sales.   Even with such small numbers, a considerably better performance in 2013 as opposed to last year.

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Palm City Florida Market Report ZIP Code 34990 – Condo, March 2013

Stuart Condo Just Listed – Great Price and Location

04.19.13 by

Stuart Condo Just Listed – Great Price and Location

2929 SE Ocean Blvd. Suite 106-3 is available for sale at an amazing price of only $29,900.  Fully furnished and equipped and ready for immediate occupancy.

Stuart Condo Just Listed – Great Price and Location.  Cedar Pointe is an active adult community of 62, 2 story buildings divided into 8 villages with numerous clubhouses and pools as well as recreational areas.  One of the prime locations in the city of Stuart only minutes away from the pristine beaches of the Atlantic Ocean and close to shopping, restaurants and medical facilities.

It is currently a very attractive time to consider buying a Cedar Pointe Condo as prices have returned to pre 2003 levels and with low interest rates, these Sunshine State condos are ready for those wishing to move here full time or looking for an affordable winter home.

A spacious first floor one bedroom 1 and 1/2 bath condo for senior adults.  Generous open plan with lots of storage and 2 walk in closets.  Very conveniently located within walking distance of the Saint Lucie River, restaurants, shopping and medical facilities.  Only a short drive or bike ride to the crystal clear waters of the Atlantic and charming downtown Stuart.  This active community feature numerous pools with one being just steps from this unit. Shuffleboard and other activities are available at the clubhouse.  This unit comes completely furnished, equipped and is ready for immediate occupancy for those who want an affordable Florida home or just a winter getaway.

Search for all Cedar Pointe Condos for Sale

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Stuart Condo Just Listed – Great Price and Location

April 2013 Market Report Lake Tuscany in Stuart Florida

04.18.13 by

April 2013 Market Report Lake Tuscany in Stuart Florida

As of April 18 2013, there are 6  homes available for sale with listing prices from $334,000 to $469,000 at an average price per square foot of living area of $135.41.

One home is pending and awaiting close.  The home was offered for $437,000 or $100.16 per sq. ft.

In the past 12 months, 5 homes have sold in Lake Tuscany ranging in sales price from $230,000 to $400,000 at an average of $98.22 per sq. ft. of living area.

April 2013 Market Report Lake Tuscany in Stuart Florida 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 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.

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.

Search here for currently available homes in Lake Tuscany in Stuart Florida

For any questions you may have about April 2013 Market Report Lake Tuscany in Stuart Florida, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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April 2013 Market Report Lake Tuscany in Stuart Florida

 

Palm City Florida Market Report ZIP Code 34990 – Residential, March 2013

04.18.13 by

Palm City Florida Market Report ZIP Code 34990 – Residential, March 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for March 2013

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

 

There are currently 398 active listings (A decrease of 10 homes from February)

180 Residential sales are pending and awaiting close or lender approval. (A decrease of 21 homes from last month)

68 Homes Sold in March (Decreased by 5 homes from February)

For the Palm City, zip code 34990, area of Martin County Florida the residential market activity showed some mixed results for spring.  Sales doubled for the month (after two months of decreased sales activity).  Pending sales were off after a strong month in February.  The inventory decreased again and is now significantly lower than in the past few years.

The current absorption rate stands at 6.375 months.   A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The March 2012 numbers were:  476 active listings, 202 pending sales and 47 closed sales.  Even with the lower inventory this tear, our current market activity compares favorably to last year.

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Palm City Florida Market Report ZIP Code 34990 – Residential, March 2013

April 2013 Market Report Locks Landing in Stuart Florida

04.17.13 by

April 2013 Market Report Locks Landing in Stuart Florida

As of April 17 2013, there are only 3 homes on the market in Locks Landing in Stuart Florida.  Listing prices range from $269,000 to $399,000 for an average price per square foot of $152.17.

One home is under contract and awaiting settlement.  A short sale listed at $275,000 or $98.07 per sq. ft.

In the past 12 months, 13 homes have sold in Locks Landing with sales prices ranging from $245,000 to $405,000 for an average of $137.37 per sq. ft.

Locks Landing in Stuart Florida is a planned unit community of 243 homes on the south eastern shore of the Saint Lucie Waterway, just upstream of the Locks on the Okeechobee Water Way at Phipps Park in Stuart, Florida.

Locks Landing homes range in sizes from just under 2,000 square feet of living area to some spacious 3,000 square feet plus homes on spacious preserve lots.   Many homes enjoy lake views and a few homes offer views of the Saint Lucie Waterway.  This wonderful family neighborhood boasts a number of docks with available water and electrics..  Easy access through the lock to the main Saint Lucie river and out to the crystal clear waters of the Atlantic Ocean or sail west into Lake Okeechobee for a fabulous day of fresh water fishing.  For those without their own boat dock, there’s a convenient boat ramp to allow all to enjoy the fabulous boating available to all residents of Martin County.

Locks landing is only moments to I-95 for those needing to commute either north or south on the Interstate.  The equestrian farms of Martin County are only a short drive to the west; while to the east is shopping, restaurants, beaches and all the amenities that Martin County has to offer.  This family friendly community also boasts an ‘A’ rated school system with local children attending Crystal Lake Elementary School, David L Anderson Middle School and South Fork High School

To view the current homes available for sale in Locks Landing please select the following link:
Locks Landing 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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April 2013 Market Report Locks Landing in Stuart Florida

 

Stuart Florida Market Report ZIP Code 34994 – Condo, March 2013

04.17.13 by

Stuart Florida Market Report ZIP Code 34994 – Condo, March 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for March 2013

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

There are currently 127 active condo listings (A drop of 7 condos from February).

57 Condo sales are pending and awaiting close or lender approval. (Up 7 condos from last month)

13 Condos Sold in March (A decrease of 6 condos from February).

A fairly strong month for the Stuart Condo market for zip code 34994.   Pending sales increased from February.  Unfortunately closed sales were off.  And, the inventory continues to shrink.

The one month absorption rate rose to 10.3 months, which still signifies a buyers market.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last March the numbers were 143 active listings, 44 pending sales, and 15 closed sales.  When the reduced inventory is considered, this year’s activity is better.

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Stuart Florida Market Report ZIP Code 34994 – Condo, March 2013

Stuart Florida Market Report ZIP Code 34996 – Condo, March 2013

04.16.13 by

Stuart Florida Market Report ZIP Code 34996 – Condo, March 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for March 2013

For March 2013 in the 34996 Zip Code area of Stuart, Florida :

There are currently 184 active condo listings (Down 15 from last month).

59 Condo sales are pending and awaiting close or lender approval (A decrease of 3 condos from February).

42 Condos Sold in March (Up by 22 from February)

The Stuart Florida Market Report ZIP Code 34996 for Condos was very strong for March with more than double the number of sales from last month.   Along with the increased sales, inventory has now dropped again for the second consecutive month, after three months of small inventory gains.  Pending activity dropped slightly, but was still strong.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo is 4.4 months.  This market has now shifted to a sellers market for march of 2013.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for March 2012 were: 199 active listings, 58 pending sales and 23 closed sales.  Considerably stronger sales activity this year.

Search here for Stuart Florida Real Estate for Sale ( Condos)

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Stuart Florida Market Report ZIP Code 34996 – Condo, March 2013

Stuart Florida Market Report ZIP Code 34996 – Residential, March 2013

04.15.13 by

Stuart Florida Market Report ZIP Code 34996 – Residential, March 2013

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for March 2013

For March 2013 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 175 active listings (Decreased by 4 homes from February).

55 Residential sales are pending and awaiting close or lender approval (Increased by 8 from February).

14 Homes Sold in March (Increased by 9 homes from February).

In the 34996 zip code area of Stuart Florida real estate market activity for March 2013 both pending sales and closed sales rose while the inventory decreased again.  Sales activity is strong and we are seeing multiple offers on some well priced desirable properties.

The one month absorption rate for the 34996 zip code area of Stuart Florida for March dipped to 12.5 months, which is still a strong buyer’s market.  This figure should be dropping as the pending sales close in the coming months. A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for March of 2012 were: 165 active listings, 36 pending sales and 22 closed sales.  The 34996 zip code area of Stuart is one of the few sections that actually had better activity last year.

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Stuart Florida Market Report ZIP Code 34996 – Residential, March 2013

Stuart Florida Market Report ZIP Code 34997 – Condo, March 2013

04.14.13 by

Stuart Florida Market Report ZIP Code 34997 – Condo, March 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2013

For March 2013 in the 34997 Zip Code area of Stuart, Florida :

There are currently 103 active condo listings (An increase of 1 condo form February).

39 Condo sales are pending and awaiting close or lender approval (Up 3 from February).

16 Condos Sold in March (An increase of 8 condos from February).

The Stuart condo market for the area in ZIP code 34997 showed a strong March .  Sales doubled from February.  Pending sales took a small increase after a significant rise last month.  While the inventory basically stayed unchanged.  One of the strongest months for condo activity in some years.

The one month absorption rate decreased to 6.4 months. Basically, a balanced market.  A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The March 2012 numbers were: 109 active listings, 40 pending sales and 14  closed sales.  An improvement from last March.

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2013

Coming Soon Affordable Stuart Condo

04.13.13 by

Coming Soon Affordable Stuart Condo

2929 SE Ocean Blvd. Suite 106-3 will soon be available for sale at an amazing price of only $29,900.  Fully furnished and equipped and ready for immediate occupancy.

Coming Soon Affordable Stuart Condo.  Cedar Pointe is an active adult community of 62, 2 story buildings divided into 8 villages with numerous clubhouses and pools as well as recreational areas.  One of the prime locations in the city of Stuart only minutes away from the pristine beaches of the Atlantic Ocean and close to shopping, restaurants and medical facilities.

It is currently a very attractive time to consider buying a Cedar Pointe Condo as prices have returned to pre 2003 levels and with low interest rates, these Sunshine State condos are ready for those wishing to move here full time or looking for an affordable winter home.

A spacious first floor one bedroom 1 and 1/2 bath condo for senior adults.  Generous open plan with lots of storage and 2 walk in closets.  Very conveniently located within walking distance of the Saint Lucie River, restaurants, shopping and medical facilities.  Only a short drive or bike ride to the crystal clear waters of the Atlantic and charming downtown Stuart.  This active community feature numerous pools with one being just steps from this unit. Shuffleboard and other activities are available at the clubhouse.  This unit comes completely furnished, equipped and is ready for immediate occupancy for those who want an affordable Florida home or just a winter getaway.

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Coming Soon Affordable Stuart Condo

Stuart Florida Market Report ZIP Code 34994 – Residential March 2013

04.12.13 by

Stuart Florida Market Report ZIP Code 34994 – Residential March 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for March 2013

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

There are currently 67 active listings (Down 9 from February).

34 Residential sales are pending and awaiting close or lender approval (Up 11 from February).

5 Homes Sold in February (Down 5 homes from February)

The 34994 ZIP code area of the Stuart, Florida real estate market showed a marked decrease in closed sales for March.  At the same time, there was a significant jump in Pending activity and another unexpected drop in active listings.  We should have some stronger closed sales in the coming months, but if inventory doesn’t increase, we will be looking at depressed activity for the foreseeable future.

The one month absorption rate for the 34994 zip code for March jumped to 13.4 months. which signifies a significant buyers market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The March 2012 numbers were 84 Active Listings, 41 pending sales and 7 closed sales.  The lower inventory is having a significant effect on market activity in the 34994 zip code area of the Stuart, Florida real estate market.

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Stuart Florida Market Report ZIP Code 34994 – Residential March 2013

Stuart Florida Market Report ZIP Code 34997 – Residential, March 2013

04.10.13 by

Stuart Florida Market Report ZIP Code 34997 – Residential, March 2013

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for March 2013

There are currently 344 active listings (An increase of 12 homes from February).

220 Residential sales are pending and awaiting close or lender approval (An decrease of 23 homes from February).

82 Homes Sold in March (Up 35 homes from February)

For March 2013, the Stuart Florida Market Report ZIP Code 34997 the closed sales almost doubled as a result of the strong pending activity from previous months.  For March, there was a slight increase in inventory as more sellers are beginning to understand that the time is right for selling in Martin County.  Pending sales were off from February, but remain strong.
The current one month absorption rate dropped to 4.2 months which indicates a sellers market for the 34997 Stuart zip code real estate market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.
The 2012 numbers were: 428 active listings, 263 pending listings and 61 closed sales.  With considerably less inventory, this segment of the Stuart residential real estate market remains strong.

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Stuart Florida Market Report ZIP Code 34997 – Residential, March 2013

Sewalls Point Residential Market Report March 2013

04.09.13 by

Sewalls Point Residential Market Report March 2013

Sewalls Point Real Estate Snapshot, Residential Sales for March 2013

There are currently 57 active listings (an increase of 2 homes for sale from February)

15 Residential sales are pending and awaiting close or lender approval (a decrease of 2 homes from February)

5 Homes sold in February (An increase of 3 homes from February)

March saw improved sales in the Sewalls Point real estate market in Stuart, FL.  Still a fairly large inventory, but also good number of pending sales.

The absorption rate dropped to 11.4 months.  This is a still a buyers market in Sewalls Point, but is showing signs of change.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to March of 2012, the inventory was 61 homes homes on the market, 12 pending sales and there was only 3 closed sales.  Improving numbers for 2013 by a small margin.

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Sewalls Point Market Report – Residential, March 2013

April 2013 Market Report The Retreat in Hobe Sound

04.06.13 by

April 2013 Market Report The Retreat in Hobe Sound

For the April 2013 Market Report The Retreat in Hobe Sound there are currently 7 homes on the market, ranging in price from $189,900 to $369,000 for an average of $148 per square foot of living area.

There are 8 homes under contract and awaiting sales.  Listing prices range from $199,000 to $399,900 with an average of $145 per sq. ft. of living area.

In the past 12 months, 16 homes have sold in the Retreat.  Sales prices ranged from a low of $175,000 to a high of $380,000 at an average of $129 per sq. ft. of living area.

April 2013 Market Report The Retreat in Hobe Sound

This is a beautiful DiVosta master planned community at the end of Seabranch Ave just west of US-1 in Hobe Sound.  The Retreat contains 555 well built CBS homes ranging from 2 BR to 4 BR homes that continue to impress their owners with their functionality and quality DiVosta construction.

 April 2013 Market Report The Retreat in Hobe Sound

Located near Schools, Golf Courses, Shopping, Medical facilities, Beaches, and all the amenities either a family or a second home owner looks forward to in Florida living.  Amenities at the Retreat include a heated community pool, clubhouse, fitness room and tennis courts.  Golf course access in right next door at Lost Lake.

 April 2013 Market Report The Retreat in Hobe Sound

The Retreat was a finalist in the Communities of Excellence contest in the communications division. Association volunteers under the direction of the Communications Committee utilize a bimonthly newsletter, website, bulletin boards, community television channel, town hall meetings, resident directory, email blasts, and open board meetings with published minutes to get information to and from the residents. The newsletter is particularly popular. The website provides information of a business nature, with a resident showcase for display of artwork.

 April 2013 Market Report The Retreat in Hobe Sound

Currently some select Retreat Homes are available at very attractive prices.

To view these available Retreat Homes for sale, click here.

April 2013 Market Report The Retreat in Hobe Sound

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April 2013 Market Report The Retreat in Hobe Sound


April 2013 Market Report The Soundings Yacht and Tennis Club

04.05.13 by

April 2013 Market Report The Soundings Yacht and Tennis Club

For April, 2013 there are currently 6 active listings in the Soundings Yacht and Tennis Club in Hobe Sound, FL.  List prices range from $349,000 to $839,000 with an average of $244 per square foot of living area.

Five homes are under contract and awaiting settlement.  List prices range from $219,900 to $1,100,000 with an average of $235 per sq. ft. of living area.

In the past 12 months 13 homes have sold in the Soundings.  Sales prices ranged from a low of $190,000 to a high of $1,500,000 for an average of $218 per sq. ft. of living area.

The Soundings in Hobe Sound FL

Conveniently located only minutes from beautiful Jupiter Island Beach, April 2013 Market Report The Soundings Yacht and Tennis Club, Florida is an active planned community bordering both sides of Gomez Avenue in Hobe Sound.  There are a total of 153 home sites in the Soundings with only 2 vacant lots unbuilt at last count.

The Soundings in Hobe Sound FLOn the East side of Gomez, the Soundings homes are mostly waterfront with deep water docks accessing the Intracoastal waterway.  A small marina with additional docks deeded to a few select homes that do not have waterfront locations.  In addition, there is a boat ramp as well as trailer storage for those wishing to keep their boats in dry storage.  In addition, there’s a large community pool, tennis courts and an active fully equipped club house.The Soundings in Hobe Sound FL

Homes in the Soundings Yacht and Tennis Club range from spacious estate homes with Intracoastal views to smaller cottages that are perfect for the occasional seasonal resident or those not requiring large homes but want easy access to the water.

The Soundings in Hobe Sound FL

More information about the Soundings Yacht and Tennis Club can be found on their community web site.

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April 2013 Market Report The Soundings Yacht and Tennis Club

Martin County Florida Condo Market Report for February 2013

03.31.13 by

Martin County Florida Condo Market Report for February 2013

 

Commentary:

The Martin County Florida Condo Market for February 2013 showed some very positive signs.  After disappointing results from much of the fall season, sales numbers for February were up to 66 units.  This is considerably better than last February of 57 and the weak January numbers of 39.  The inventory continues to decline.  Now down to 604 condos (Down 36 from February of 2012).  This is the second month of decreasing inventory after 3 months of increases.  The median sales price dropped to $88,250 for February of 2013 (Was 85,000 in February of 2012).   While the median list price remained unchanged at $179,000.  These numbers are a little misleading as it appears that prices have stabilized in the condo market.  There have been a relatively greater number of lower priced condos sold which is driving the median sales prices down.

The one month absorption rate dipped to 9.15 months from last months 15.6 months, while the three-month average is now at 11.6 months.  Still a challenging market for condo sellers, but there has been a significant improvement in February.  We still need to see a sustained absorption rate below 9 months for a healthy market and down to 6 or 7 months to be considered a balanced one.

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 The Definition of Absorption Rate:
Number of months it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate, helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. Absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.

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Data compiled from the Realtor Association of Martin County

See the full set of charts at Treasure Coast FL Homes

Martin County Florida Condo Market Report for February 2013

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Martin County Florida Residential Market Report for February 2013

03.30.13 by

Martin County Florida Residential Market Report for February 2013

Commentary:

The Martin County Florida Residential Market Report for February 2013 showed strong sales activity for the month.  Better number of closed sales than in past years.  All with a much lower inventory as well.  In fact, our inventory levels are getting low enough that I expect to see some slowing of sales activity simply because there’s not enough homes for sale.  If this happens, I expect to see a further rise in prices, which has already began.

Average and median sales prices were both up for February.  The inventory of available homes dropped 90 from January.    The one month absorption rate for February 2013 decreased to 7.87 months, while the three-month average rose to 7.68 months.  A 6 month absorption rate is considered to be a balanced market, so we remain in a slight buyers market in Martin County.

Activity is remaining strong for March.  Positive economic news as well as continued low interest rates continue to drive buyers into the market.  We continue to be in a very attractive market for buyers.  Sellers can also expect to see good value in the sale of their homes as compared to the past few years.

Please feel free to contact us if you have any difficulty interpreting these charts.

The Definition of Absorption Rate:
Number of months it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate, helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. Absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.

Data compiled from the Realtor Association of Martin County

See the full set of charts at Treasure Coast FL Homes

Martin County Florida Residential Market Report for February 2013

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

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March 2013 Market Report for Lost River Plantation Homes in Stuart, FL

03.28.13 by

March 2013 Market Report for Lost River Plantation Homes in Stuart, FL

As of March 2013, there are 3 available homes for sale in the Lost River Plantation community of Stuart, FL.  Prices range from $599,000 to $654,564 for an average price per sq. ft. of $213.78.

There are four homes under contract ranging in price from $550,508 to $659,900 for an average of $216.48 per sq. ft. of living area.  All four are conventional sales and two of these are new homes built by Kolter homes.

In the past 12 months, there have been six sales ranging in sales prices from $405,000 to $600,000 for an average sales price of $184.65 per sq. ft. of living area.

 Lost River Plantation in Stuart, Florida consists of 111 homes all with private docks and Ocean access via the South Fork of the Saint Lucie River.  All, but just a handful of the homes have waterfront and dockage located in the backyard.  Suitable for deep draft ocean going vessels with some docks able to accommodate over 50’ vessels.  All homes are of newer construction (from 2004 to the present).  There are a limited number of new homes not on the MLS available now or to be built, please call us for details.

This is a spectacular waterfront community with very private and protected waterfront areas.  There is a community marina with a clubhouse that offers a fitness center, kitchen and social rooms.  For those wishing to commute to pints north or south, Lost River is very conveniently located near the Interstate for easy access.  Yet, it’s only 10 to 20 minutes’ drive to the pristine beaches and  quaint downtown areas of Stuart, Florida.  Also close to shopping, restaurants as well as medical facilities.  Lost River Plantation is a tremendous opportunity for newer waterfront construction.  A rare gem in this real estate market!

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March 2013 Market Report for Lost River Plantation Homes in Stuart, FL

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, February 2013

03.27.13 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, February 2013

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for February 2013

 

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

 

There are currently 18 active condo listings. (Down by 1 condo from January)

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9 Condo sales are pending and awaiting close or lender approval. (Increased by 1 condo from January)

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  4 Condos sold in February (Unchanged from January)

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The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  With a significant further decrease in inventory, I don’t see any meaningful market activity coming from this segment in the spring.  For February, good strong closed and pending activity when considering only 18 available condos for sale in this market segment.

The one month absorption rate is down to 4.5 months, signifying a seller’s market.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.  If you’re a Hobe Sound condo owner and thinking of selling.  This is your strongest market in over 7 years.

The February 2012 numbers were:  32 active listings, 4 pending sales and 1 closed sales.  The Hobe Sound condo market activity for February of 2013 was far superior to the same month last year.



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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, February 2013

 

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, February 2013

03.26.13 by

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, February 2013

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for February 2013

 

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

There are currently 244 active listings. ( A decrease of 18 homes from January)

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109 Residential sales are pending and awaiting close or lender approval (An increase of 13 homes from January)

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28 Homes Sold in February (Unchanged from last month)

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After a slower start in January for the Hobe Sound residential real estate market (zip code 33455) of Martin County, February market activity picked up a bit.  Closed sales remained steady and pending sales increased.  For the second month, inventory continues to decline in Hobe Sound.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 8.7 months.  Still a slight buyer’s market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for February 2012 were:  342 active listings, 102 pending sales and 31 closed sales.   Considering the reduced inventory as compared to 2012, the Hobe Sound real estate market remains very strong and active.

 

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, February 2013