October 2013 Market Update Windjammer Waterfront Condos Stuart FL

10.29.13 by

October 2013 Market Update Windjammer Waterfront Condos Stuart FL

As of October 2013, there are 12 condos on the market in the Windjammer Yacht Club  of Stuart FL.   Listing prices range from $89,900 to $195,000.  The average price per square foot of living area is $118.25  There are no short sales or foreclosures in the available listings.

Currently, there are no condos under contract awaiting settlement.

In the past 12 months, 12 Windjammer Waterfront Condos have sold.  Sales prices ranged from $49,000 to $165,000 for an average sales price of $92.50 per sq. ft. and a 91% list to sales ratio.  There was 1 short sale and 3 bank owned foreclosures included in these sales.

Windjammer Waterfront Condos Windjammer is a senior (55+) community of waterfront condos in Stuart, FL on the South Fork of the wide Saint Lucie River with easy ocean access.  There are 130 2 bedroom, 2 bathroom condos with porches. 

Windjammer Waterfront Condos
 
Docks are deeded to the condos and are owned by the unit owners.  (Not every condo has an accompanying dock)  Dock sizes vary and go up to a 16′ beam and 40′ length.  Rentals are allowed with restrictions and 1 small pet is also allowed.
 Windjammer Waterfront Condos Windjammer Waterfront Condos

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Windjammer Waterfront Condos Homes for Sale in Palm City Florida

 

October 2013 Market Update Windjammer Waterfront Condos Stuart FL 

Hobe Sound Florida Market Report ZIP Code 33455 Residential September 2013

10.29.13 by

Hobe Sound Florida Market Report ZIP Code 33455  Residential September 2013

 

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

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

 

There are currently 245 active listings. (Up by 12 homes from August)
Hobe Sound Florida Market Report ZIP Code 33455 Residential September 2013

69 Residential sales are pending and awaiting close  (A decrease of 26 homes from August)
Hobe Sound Florida Market Report ZIP Code 33455 Residential September 2013

 

49 Homes Sold in September (Up by 1 homes from last month)
Hobe Sound Florida Market Report ZIP Code 33455 Residential September 2013

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County remains quite active and is one of the strongest performing areas of our county.  Troubling for this month was the large decrease in pending sales.  Hopefully, this is just a seasonal effect and will not signify slower sales for the near future.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 is at 5 months (4.9 months in August).  Continuing as a sellers market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for September 2012 were:  316 active listings, 69 pending sales and 15 closed sales.   Much stronger results year to year for the Hobe Sound residential real estate market for this September.

 

 Please use the charts below as reference only as they rely on all residential types of property in the 34994 real estate market:Hobe Sound Florida Market Report ZIP Code 33455 Residential September 2013

 

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Hobe Sound Florida Market Report ZIP Code 33455 Residential, September 2013

October 2013 Market Update Willoughby Golf Club

10.28.13 by

October 2013 Market Update Willoughby Golf Club

There are currently 21 homes on the market in the Willoughby Golf Club, ranging in price from $175,000 to $879,000.  The average price per sq. ft. of living area is $152.67.  Included in these listings are 1 short sale and 1 bank owned properties.

There is only one home currently under contract.  The list price is $659,000 or at $180.25 per sq. ft. of living area.

In the past 12 months, 14 homes have sold in the Willoughby Golf Club.  Sales prices ranged from $140,000 to $635,000 for an average of $136.62 per sq. ft. of living area.  None of these sales were short sales or foreclosures.

Willoughby Golf Club Real Estate 1

Willoughby Golf Club real estate can be found in the city of Stuart. Stuart is located in Martin County Florida and sits on the eastern coast of the Atlantic Ocean along what is commonly referred to as the Treasure Coast. Knowing the location of Willoughby Golf Club real estate is the first step in the right direction. You will soon realize though that the right direction becomes filled with so many benefits that it is hard not to wish of owning a piece of Willoughby Golf Club real estate.Willoughby Home 3

Willoughby Golf Club real estate and surrounding area is made up of a 403-acre, private golf community. The golf club memberships entitle the members to enjoyment of a championship and challenging Arthur Hills designed golf course. Of the 403 acres over 200 are devoted to nature preserves, lakes and the golf course itself. This allows the residents in Willoughby Golf Club real estate to enjoy a low inhabitant’s environment and the splendors of the beautiful climate found along Florida’s coast.

Willoughby Home 2

Willoughby Golf Club real estate home sites are complimented by the numerous activities and events that take place in the town of Stuart along with noteworthy locations.

  • Restored downtown with historical landmarks
  • exclusive shops
  • distinctive restaurants
  • an executive airport
  • highly viewed schools
  • library
  • outstanding professional and medical facilities
  • a regional mall
  • many cultural happenings

Willoughby View 1

The Atlantic Ocean is accessible via the St. Lucie Inlet and there are protected inland waterways offering boating and fishing excursions. This is no surprise since Stuart properties are located in the “Sailfish Capital of the World”. Stuart also has miles of pristine beaches.Willoughby Pool 2

 

A short drive south will take you to Palm Beach County with its fashionable shopping, assorted well reputable dining, the Raymond F. Kravis Center and Palm Beach International Airport.

The community comprised of Willoughby Golf Club real estate sites also has a plethora of amenities.

  • Private and gated community
  • Security patrol including 24-hour manned gatehouse
  • All residences security monitored
  • Practice range, putting green, chipping area and private teaching area
  • PGA certified professionals running the Pro shop
  • Pool facilities
  • Multiple tennis courts
  • Tennis pro on staff
  • Sundeck and cabana
  • Outside informal dining area
  • Clubhouse
  • 25,000+ sq. ft. newly remodeled building
  • Dining Room, Grille room
  • Rooms for private functions including a lounge area
  • Locker rooms and card rooms for both ladies and gentlemen
  • Organized activities, including golf and tennis tournaments
  • Private community TV channel
  • Planned entertainment

The homes of Willoughby Golf Course real estate are divided into different categories. The entire area is made up of nine different neighborhoods, each as fine as the next. You can choose from various floor plans and styles. Golf homes are typically smaller than the estate homes and begin at approximately $300,000. The estate homes, on average, start around $525,000.

Here are the currently available homes for sale in the Willoughby Golf Club

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October 2013 Market Update Willoughby Golf Club

Jensen Beach Florida Market Report ZIP Code 34957 Condo September 2013

10.28.13 by

Jensen Beach Florida Market Report ZIP Code 34957 Condo September 2013

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for September 2013

 

For September 2013 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 35 active listings. ( Increased by 5 condos from August)
Jensen Beach Florida Market Report ZIP Code 34957 September August 2013

17 Condo sales are pending and awaiting close or lender approval. (Down by 1 condo from August)
Jensen Beach Florida Market Report ZIP Code 34957 September August 2013

 

5 Condos Sold (A decrease of 7 condos from August)
Jensen Beach Florida Market Report ZIP Code 34957 September August 2013


The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  Current inventory is at an all time low as compared to the past 10 years, though for September we did have an increase of 5 units.   Pending sales were off by 1 while closed sales were down significantly.

The one month absorption rate for the September 2013, Jensen Beach Florida Market Report ZIP Code 34957 jumped to 7 months (2.5 months in August), signifying a step back into a slight buyers market after numerous months of a sellers market. A balanced market is considered to be a 6 month absorption rate favoring neither the buyer or seller.

The September 2012 numbers were: 48 active listings, 30 pending sales and 3 condos closed.    The lower number of pending sales is troubling for future sales, however this years market activity compares favorably to September of 2012.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34957 real estate market:Jensen Beach Florida Market Report ZIP Code 34957 September August 2013

 

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Jensen Beach Florida Market Report ZIP Code 34957 Condo September 2013

Jensen Beach Florida Market Report ZIP Code 34957 Residential September 2013

10.26.13 by

Jensen Beach Florida Market Report ZIP Code 34957 Residential September 2013

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for September 2013

 For September 2013in the 34957 Zip Code area of Jensen Beach, Florida :

 

 There are currently 124 active listings. (An increase of 2 homes from last month)
Jensen Beach Florida Market Report ZIP Code 34957 Residential September 2013

69 Residential sales are pending and awaiting close or lender approval. (Down 2 homes from August)
Jensen Beach Florida Market Report ZIP Code 34957 Residential September 2013

28 Homes Sold (Increased by 3 homes from August)Jensen Beach Florida Market Report ZIP Code 34957 Residential September 2013

September 2013 saw very small changes from August in the Jensen Beach residential real estate market, zip code 34957.  After quite an active winter and spring, the summer months have resulted in slower activity.  Though still an active market from previous years.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 4.4 months (4.8 months in August).  Still a strong sellers’ market.  A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The September 2012 numbers were: 128 active listings, 78 pending sales and 25 home sales closed.   Very similar results to last September for Jensen beach, FL zip code area 34957.
 
 
 
Please use the charts below as reference only as they rely on all residential types of property in the 34957 real estate market:
 Jensen Beach Florida Market Report ZIP Code 34957 Residential September 2013

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Jensen Beach, FL Real Estate

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Jensen Beach Florida Market Report ZIP Code 34957 Residential September 2013

Palm City Florida Market Report ZIP Code 34990 Condo September 2013

10.25.13 by

Palm City Florida Market Report ZIP Code 34990 Condo September 2013

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

 

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



There are currently 55 active condo listings. (Up by 2 condos from August)
Palm City Florida Market Report ZIP Code 34990 Condo September 2013

8 Condo sales are pending and awaiting close or lender approval. (Decreased by 2 condos from last month)
Palm City Florida Market Report ZIP Code 34990 Condo September 2013

 

5 Condos Sold in September. (Up by 5 condos from August)

Palm City Florida Market Report ZIP Code 34990 Condo September 2013

 

 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.  September saw little change in this segment with the exception of 5 sales, after no sales back in August.

The current absorption rate for condos in the 34990 zip code area is 11 months, signifying a buyers market.   A balanced market is considered to be an absorption rate of around 6 months.
 
The September 2012 numbers were: 62 active listings, 6 pending sales and 4 closed sales.   Better numbers for this year than for September of 2012.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:

Palm City Florida Market Report ZIP Code 34990 Condo September 2013

 

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Palm City Florida Market Report ZIP Code 34990 Condo September 2013

Palm City Florida Market Report ZIP Code 34990 Residential September 2013

10.24.13 by

Palm City Florida Market Report ZIP Code 34990 Residential September 2013

 

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

 

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


There are currently 379 active listings (An increase of 25 homes from August) Report ZIP Code 34990 Residential September 2013

 

147 Residential sales are pending and awaiting close or lender approval. (An increase of 6 homes from last month) Report ZIP Code 34990 Residential September 2013

 

48 Homes Sold in September (Decreased by 29 homes from August) Report ZIP Code 34990 Residential September 2013

 
Sales were off for September in the Palm City, zip code 34990, area of Martin County Florida.   Though, after many months of decreasing inventory there was a surprising jump in September by 25 homes.  Pending sales were up indicating a possible greater closed sales activity for the near future.
 
The current absorption rate jumped to 7.9 months from 4.6 months in August.  Back into a buyers market for the first time in months.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.  I don’t expect a buyers market to last, as I think sales will be picking up soon in Palm City once again.

The September 2012 numbers were:  402 active listings, 170 pending sales and 33 closed sales.   Pending sales are off from last year, but all other numbers are positive.

 

 Please use the charts below as reference only as they rely on all residential types of property in the 34990 real estate market:

 Report ZIP Code 34990 Residential September 2013

 

 

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Palm City Florida Market Report ZIP Code 34990 Residential September 2013

Stuart Florida Market Report ZIP Code 34997 Condo September 2013

10.23.13 by

Stuart Florida Market Report ZIP Code 34997 Condo September 2013

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

 

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

 

There are currently 76 active condo listings (A decrease of 5 condos form August).

 Stuart Florida Market Report ZIP Code 34997 Condo September 2013

 

28 Condo sales are pending and awaiting close or lender approval (Up by 6 condos from August).

 Stuart Florida Market Report ZIP Code 34997 Condo September 2013

 

7 Condos Sold in September (A decrease of 4 condos from August).

Stuart Florida Market Report ZIP Code 34997 Condo September 2013

 

The September activity for the Stuart condo market for the area in ZIP code 34997 remained slow though there was an increase in pending sales.   Hopefully this will translate to more closed sales in the near future.

The one month absorption rate rose to 10.9 months.  Back into a strong buyers market.   A 6 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller. 

The September 2012 numbers were: 101 active listings, 19 pending sales and 9 closed sales.  When considering over a 25% decrease in active listings, our numbers are better for this year than last.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:
 Stuart Florida Market Report ZIP Code 34997 Condo September 2013
 

 

Stuart Florida Real Estate presented by:
Gabe Sanders

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

 

 

October 2013 Market Update Palm City Farms

10.22.13 by

October 2013 Market Update Palm City Farms

There are currently 58 homes on the market in Palm City Farms.  Listing prices range from $65,000 to $4,600,000.  The average price per square ft. of living area is $282.97.  These include 4 short sales and 2 bank owned foreclosure listings.

There are currently 16 homes under contract awaiting settlement.  Listing prices ranged from $67,000 to 675,000, for an average of $124.76 per sq. ft. of living area.  8 of these listings are short sales and 2 are foreclosures.

In the past 12 months, 64 homes have sold in Palm City Farms with sales prices ranging from $50,000 to $1.100.000 for an average of $135.11 per sq. ft. of living area.  There were 11 short sales and 11 foreclosure sales in this group of sales.


Homes and Land for Sale in Palm City Farms


If you’re looking for an area of secluded acreage, yet still be close to shopping, entertainment the beach and navigable waterways Palm City Farms may just be the dream setting you are looking for.  Prices are currently more affordable than they have been in the past 5 or 6 years.

Homes and Land in Palm City Farms


Beautiful acreage with 5 acre and larger home sites and vacant land abound in Palm City Farms. This is the perfect location for your equestrian needs as well as many other agricultural uses.  All within minutes of Martin County ‘A’ rated schools, shopping, beaches and easy access to I-95 and Florida’s Turnpike.

Homes and Land for Sale in Palm City, Farms

 

For additional information about Palm City Farms please contact us.

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Search for all Palm City farms, Florida Homes and Land for Sale

October 2013 Market Update Palm City Farms

Stuart Florida Market Report ZIP Code 34997 Residential September 2013

10.22.13 by

Stuart Florida Market Report ZIP Code 34997 Residential September 2013

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

 

There are currently 356 active listings (Increased by 9 homes from August).
Stuart Florida Market Report ZIP Code 34997 Residential September 2013

 

175 Residential sales are pending and awaiting close or lender approval (An increase of 8 homes from August). Stuart Florida Market Report ZIP Code 34997 Residential September 2013

 

70 Homes Sold in September (Up by 12 homes from August)
Stuart Florida Market Report ZIP Code 34997 Residential September 2013

 

The Stuart Florida Market Report ZIP Code 34997 showed a very nice increase in activity from last month.  The inventory rose for the second month in a row, unlike most other areas of Martin County.  Both sales and pending sales also increased.
 
The current one month absorption rate declined to 5.1 months dropping this segment of the Stuart residential market into a sellers market ( down from last months 6 month absorption rate).  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.  
 
The 2012 numbers were: 365 active listings, 158 pending listings and 70 closed sales.   Very similar activity to last September, though the pending sales are stronger this year.
 
 
Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:Stuart Florida Market Report ZIP Code 34997 Residential September 2013
 
 

Search here for Stuart Florida Real Estate for Sale

Stuart Florida Real Estate presented by:
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Stuart, FL Real Estate

Rental Properties

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Stuart Florida Market Report ZIP Code 34997 Residential September 2013

Stuart Florida Market Report ZIP Code 34996 Condo September 2013

10.21.13 by

Stuart Florida Market Report ZIP Code 34996 Condo September 2013

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

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

There are currently 176 active condo listings (Down 2 from last month).
Stuart Florida Market Report ZIP Code 34996 Condo September 2013

 

35 Condo sales are pending and awaiting close or lender approval (An increase of 13 condos from August).

 Stuart Florida Market Report ZIP Code 34996 Condo September 2013

 

 

 

17 Condos Sold in September (Up by 4 from August)  Stuart Florida Market Report ZIP Code 34996 Condo September 2013

 

After a slow August the Stuart Florida Market Report ZIP Code 34996 for Condos for September 2013 showed aa nice little rebound, even while other areas are still struggling.   Both pending and closed sales increased from August and the inventory remains fairly steady.  We are currently in the slower season for condo sales and I am pleased to see the increased activity in condo sales in the 34996 zip code area of Stuart.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo decreased to 10.4  months from August’s 13.7.  Still a buyers market in September of 2013.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for September 2012 were: 198 active listings, 28 pending sales and 8 closed sales.   Considerably better activity for this year as compared to last, especially when the reduced inventory is considered.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34996 real estate market:Stuart Florida Market Report ZIP Code 34996 Condo September 2013

 

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

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Stuart Florida Market Report ZIP Code 34996 Condo September 2013

Stuart Florida Market Report ZIP Code 34996 Residential September 2013

10.18.13 by

Stuart Florida Market Report ZIP Code 34996 Residential September 2013

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

 

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

 

There are currently 140 active listings (Increased by 15 homes from August).
Stuart Florida Market Report ZIP Code 34996 Residential September

 

 

16 Residential sales are pending and awaiting close or lender approval (Decreased by 10 homes from August).Stuart Florida Market Report ZIP Code 34996 Residential September

 

 

13 Homes Sold in September (Decreased by 12 homes from August).
Stuart Florida Market Report ZIP Code 34996 Residential September

 

 

Unfortunately, very soft numbers for the 34996 zip code area of Stuart Florida real estate market activity for September 2013.  Pending sales took a double digit hit for the second month in a row while closed sales were also off by 12 homes.  The inventory took a nice jump, which makes more homes available for potential buyers. 

The one month absorption rate for the 34996 zip code area of Stuart Florida for September jumped to 10.8 months as compared to August’s 5 months, having slipped back into a buyers market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for September of 2012 were: 154 active listings, 34 pending sales and 7 closed sales.   Marginally outperforming last years market, though the reduced pending sales numbers are troubling.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34996 real estate market:Stuart Florida Market Report ZIP Code 34996 Residential September

 

Search here for Stuart Florida Real Estate for Sale


Stuart Florida Real Estate presented by:
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Stuart Florida Market Report ZIP Code 34996 Residential September 2013

October 2013 Market Update Sunset Trace Palm City

10.16.13 by

October 2013 Market Update Sunset Trace Palm City

As of October 2013, there are only 4 active listings for sale in Sunset Trace. List prices vary from $95,000 to $159,900 with an average of $96.88 per square foot of living area. (No short sales or foreclosures)

There are currently 3 homes under contract and awaiting settlement.  The listing prices range from $107,900 to $147,000 for an average list price of $91.88 per sq. ft. of living area.  (Includes one foreclosure)

In the past 12 months, 32 homes have sold in Sunset Trace.  Sales prices ranged from $64,299 to $145,000 for an average of $78.03 per sq. ft. and a 94% list to sales ratio.  These sales included 4 foreclosures (bank owned) home and 5 short sales.

 

Just across the street from the Martin Downs Golf Club lies the gated community of Sunset Trace in Palm City, FL.  Conveniently located close to Florida’s Turnpike as well as shopping, restaurants and medical facilities.  And only a 15 minute ride to the pristine waters of the Atlantic Ocean and the numerous waterways and boating facilities available in Martin County, FL.

Sunset Trace is a DiVosta community of approximately 500 residences.  There are four types of homes in this community:   DiVosta quad townhomes which feature 2 Bedrooms and 2 and ½ bathrooms with 1,236 sq. ft. of living area; Stamford models, also four townhomes to a building featuring 2 Bedrooms and 2 and ½ bathrooms with 1,1374 sq. ft. of living area; Wellesley models  have 3 Bedrooms and 2 Bathrooms in 1,295 sq. ft. and finally the Villas in Sunset Trace offer attached single family homes with 3 Bedrooms, 2 and ½ baths and a one car garage in 1346 square feet of living area.

Sunset Trace was developed and built from 1984 to 1988.  It features two community pools, three tennis courts, outdoor racquet and/or handball courts and a full size basketball court.  There’s a playground for the little ones as well.  This is a lushly landscaped community with a number of lakes and ponds on the grounds making for some great water views.

All ages are welcome in Sunset Trace and children attend Citrus Grove Elementary School, Hidden Oaks Middle School and Martin County High School.  The HOA fees run $305 per month, but include exterior and hurricane insurance, basic cable TV, Lawn and Landscaping, pest control and security.  Making life in Sunset Trace easy and care free.

Search here for:

Sunset Trace Villas and Townhomes for Sale

October 2013 Market Update Sunset Trace Palm City

Stuart Florida Market Report ZIP Code 34994 Residential September 2013

10.14.13 by

Stuart Florida Market Report ZIP Code 34994 Residential September 2013

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

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

 

There are currently 62 active listings (Up 3 from August)

Stuart Florida Market Report ZIP Code 34994 Residential August 2013

 

36 Residential sales are pending and awaiting close or lender approval (Up 3 homes from August).

Stuart Florida Market Report ZIP Code 34994 Residential August 2013 

9 Homes Sold in August (Increased by 1 homes from August)
Stuart Florida Market Report ZIP Code 34994 Residential August 2013

 

The 34994 ZIP code area of the Stuart, Florida had better activity for September than August.  Somewhat surprising as this is usually a slower month.  This is q a good indicator for the immediate future of the 34994 zip code market of Stuart.  All indicators moved in a positive direction.

The one month absorption rate for the 34994 zip code for September decreased yo 6.9 months from last months 7.4 months.  Almost a balnced market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage. 

The September 2012 numbers were 61 Active Listings, 37 pending sales and 12 closed sales.   Unfortunately, for the 34994 zip code area of Stuart, FL the market had better activity last year as compared to September of 2013.

 Stuart Florida Market Report ZIP Code 34994 Residential August 2013

Please use the charts below as reference only as they rely on all residential types of property in the 34994 real estate market:

 

Search here for Stuart Florida Real Estate for Sale

 

Stuart Florida Real Estate presented by:
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Stuart, FL Real Estate

Rental Properties

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Stuart Florida Market Report ZIP Code 34994 Residential September 2013

Sewalls Point Residential Market Report September 2013

10.13.13 by

Sewalls Point Residential Market Report September 2013

Sewalls Point Real Estate Snapshot, Residential Sales for September 2013

 

There are currently 49 active listings (an increase of 3 homes for sale from August)

Sewalls Point Residential Market Snapshot for Sept 2013

7 Residential sales are pending and awaiting close or lender approval (Up 1 from last month)Sewalls Point Residential Market Snapshot for Sept 2013

 

2 Homes sold in August (A decrease of 5 homes from August)Sewalls Point Residential Market Snapshot for Sept 2013

 

The Sewalls Point residential real estate market is having a slow summer.   For September 2013 sales were down significantly as only 2 homes sold.  Pending sales were up by 1 home, though still not a very high number.  We are into the slower months of our real estate market and there is also a lot of unease with the current economy, so we will hope for an increase in activity soon.  Though it may not happen till after the holidays.

The absorption rate jumped dramatically to 24.5 months.  Once again into a buyers market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to September of 2012, the inventory was 50 homes on the market, 20 pending sales and there were 3 closed sales.  The biggest difference from last year is the much lower pending inventory in 2013.  Not a good sign for sales in the immediate future.Sewalls Point Residential Market Snapshot for Sept 2013

Please use the charts below as reference only as they rely on all residential types of property in the Sewalls Point real estate market:

 

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Sewalls Point, FL Real Estate

 

Sewalls Point Florida Real Estate presented by:
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Sewalls Point Market Report – Residential, September 2013

 

October 2013 Market Update Admiralty Condos Palm City FL

10.11.13 by

October 2013 Market Update Admiralty Condos Palm City FL

As of October 2013, there is only 1 condo on the market in the Admiralty Condos.   This condo is listed for $715,000 which equates to $250 per square foot of living area.

There are two condos under contract and awaiting settlement.  The listing prices are $$439,000 and $699,000 which equates to an average of $240.32 per sq. ft. of living area.

In the past 12 months, 5 Admiralty condos have sold.  Sales prices ranged from $405,000 to $675,000 for an average sales price of $220.75 per sq. ft. and a 94% list to sales ratio.  None of the above listings or sales were short sales or foreclosures.

 the Admiralty in Palm City FL

 
The Admiralty Condos are situated directly by the beautiful Saint Lucie River are an ocean lover’s haven.  Located in desirable Palm City, The Admiralty features large balconies facing the pristine waters of the saint Lucie River with perfect sunrise views.  The varieties of 3 and 4 bedroom floor plans come with amenities such as 2 full car garages and additional storage space.
 
the Admiralty in Palm City FL
 
With safety and security in mind, the community is gated and the luxurious and spacious condo’s come equipped with hurricane windows and doors along with a 22 slip protected marina for the residents use. Enjoy the heated pool, clubhouse, meeting room, and exercise room.
the Admiralty in Palm City FL
 
Current Condo association fees in the Admiralty range from the $700 to under $900 dollars per month depending on the unit size.  There are five buildings which make up the Admiralty condo complex in Palm City, Florida.  Three of which were built in 1989-1990.  The two newer buildings were completed in 2005.  These condos offer unparalleled luxury and spaciousness for the price.  Equivalent condos on the Ocean with these amenities are either non-existent or will cost well over $1 million dollars.
 
the Admiralty in Palm City FL
 
The Admiralty is close to fantastic schools such as Martin County High School, Hidden Oaks Middle School, and Bessey Creek Elementary. There are also plenty of restaurants and entertainment areas in and around this wonderful area!

 

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Admiralty Condos Homes for Sale in Palm City Florida

 

 

October 2013 Market Update Admiralty Condos Palm City FL 

October 2013 Market Update Stuart West Palm City

10.10.13 by

October 2013 Market Update Stuart West Palm City

There are currently 6 homes for sale in Stuart West.  List prices range from $469,900 to 659,000 with an average asking price of $150.97 per sq. ft. of living area.  None of the current listings are short sales or bank owned properties.

1 Home is under contract and awaiting sale.  The listed price was $499,900 for an average of $131.14 per sq. ft. of living area.   This is a bank owned foreclosure.

In the past 12 months, 11 homes have sold in the Stuart West.  Sale prices ranged from $210,000 to $850,000 and the average sale price per sq. ft. of living area was $127.90.  3 of these sales were short sales and 1 was a bank owned property.

 Stuart West in Palm City FL

Stuart West is an upscale gated equestrian community located adjacent to the Stuart West and the Fox Club in western Palm City.  Just off the I-95 exit, Stuart West is an easy commute for those who work either south or north of Martin County, yet want to enjoy the superior amenities that Palm City has to offer.

Stuart West in Palm City FL

Stuart West resides on over 1,000 acres of pristine land with 249 home sites ranging from 2 to over 10 acres.  There is over 11 miles of waterways located throughout the community which makes for an idyllic setting for this family friendly equestrian community.

Stuart West in Palm City FL

Community amenities include a playground, community boat ramp to the C-23 canal, a 10 acre equestrian center, 24 hour manned security gate (shared with Cobblestone) and security patrols, and an underground cable and routing system for the best high end internet connectivity.  All of this in Martin County’s ‘A’ rated school system.  And school bus service is provided inside the community.

Stuart West in Palm City FL

Currently, Stuart West’s children attend Citrus Grove Elementary, Hidden Oaks Middle and South Fork High Schools.

Home construction started in Stuart West in 1984 and continues to this day with approximately 52 vacant lots yet to be built upon.  Though many of these lots are being kept as pastures by the adjacent homeowners.   Home sizes range from 3 Bedroom, 2 Bath homes of around 2,000 sq. ft. of living area all the way to 7 Bedroom, 5 Bathroom estates with over 5,500 sq. ft. under air.  The HOA fee is a very reasonable $121 per month which covers security and all the amenities this wonderful community has to offer.

Stuart West in Palm City FL

More information about Stuart West can be found on their property owners’ website here.

 

Stuart West Homes for Sale

Search for Martin County Real Estate

Vacant Land for Sale in Stuart West

October 2013 Market Update Stuart West Palm City

Martin County Florida Condo Market Report for August 2013

10.09.13 by

Martin County Florida Condo Market Report for August 2013

 

Commentary:

The Martin County Florida Condo Market for August 2013 showed better numbers than in previous years on a year to year comparison.  Still a bit slower than we would like.  Inventory decreased to 511 units (after a nice little jump last month).  It was back in 2005 when we had steady inventory levels below 600 units.  The median sales price decreased in August indicating the mix of sales has once again shifted to the less expensive mainland condos, though still above last year’s value significantly.  Much of the median price results are driven by the mix of units selling.  We had a good number of higher end waterfront condos sell in previous months.  And, while prices are not declining any more in the overall market, they also are not making any large increases at this time.  Prices remain very sensitive to the community and the available competition.

The one month absorption rate increased to 9.46 months from last months 8.92 months, while the three-month average is now at 8.5 months.  We’ve slipped back into a buyers market for martin County condos.  Generally an absorption rate of 6 or 7 months is considered a balanced market.

Higher interest rates remain troubling for the market in general, but is not as strong an issue for our condo market as we have a fairly high percentage of cash buyers.  If the economy continues it’s improvement, I expect another good season for the condo market in Martin County for the upcoming year.

Click on the charts for a larger view:Martin County Condo Market Report August 2013

 

  Martin County Condo Market Report August 2013

 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.Martin County Condo Market Report August 2013

Martin County Condo Market Report August 2013

 

Data compiled from the Realtor Association of Martin County

Martin County Florida Condo Market Report for August 2013

the Gabe Sanders real estate team

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

For more information about Florida’s Treasure Coast Real Estate, visit us at:

Stuart Florida Real Estate


Martin County Florida Residential Market Report for August 2013

10.08.13 by

Martin County Florida Residential Market Report for August 2013

 

Commentary:

The Martin County Florida Residential Market for August 2013 continues to produce better results as compared to recent years.   For July 2013, the inventory dropped below 1,000 homes for the first time since August of 2005, but we are now back to just over 1,000 homes on the market.   If prices begin to rise with any significance in the broad market (they are already rising in certain segments), I expect the inventory to increase as more potential sellers that have been on the sidelines will enter the market.

Both median and average sales prices declined in August from last month, but are still improved year to year.  The one month absorption rate for August 2013 decreased to 5.1 months (from 5.3 months in June), and the three-month average is 5 months.  A 6 month absorption rate is considered to be a balanced market, so we continue to be in a sellers market in Martin County.  Considering the fact that we have entered our slower season, we continue to have better activity as compared to previous years.

We’ve had a very good run in the market to date this year.  There are a few storm clouds on the horizon, though.  Mainly higher interest rates and a very uncertain economy along with questionable activities coming from our legislators in Washington D.C.

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

  Clicking on the chart will produce a larger view.Martin County Residential Market Report August 2013

 

 

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.Martin County Residential Market Report August 2013

Martin County Residential Market Report August 2013Martin County Residential Market Report August 2013

 

 

Data compiled from the Realtor Association of Martin County

Martin County Florida Residential Market Report for August 2013

the Gabe Sanders real estate team

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

For more information about Florida’s Treasure Coast Real Estate, visit us at:

Stuart Florida Real Estate

August 2013 Monthly Market Detail St Lucie County Townhouses and Condos

10.07.13 by

August 2013 Monthly Market Detail St Lucie County Townhouses and Condos

The August 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed  some mixed results for this month.   Year to year closed sales were down by 4% (was up by 8.9% in July) while new sales under contract (new pending sales) increased by 4.9% (was 29.9% in July

Prices continued to rise, year to year, with the median sales price up by an impressive 69.4% (up 62.6% in July) and the average sales price rose by 38.2% (was up by 20% in July).

The inventory of available townhouses and condos rose by 3 from last month to 804 units which is a decrease of 19.8% from last August.  Current supply of inventory is now 7.9 months (a 28.9% decrease from last year).   While not as strong a sector as the single family market, there have been some very impressive price gains in the townhouse and condo market for Saint Lucie County.  This is still a buyers market for now, so there are plenty of good opportunities for those shopping for a townhome or condo.

Please see the entire Saint Lucie County townhome and condo market detail by clicking the links below:Saint Lucie County Townhome and Condo

 

 

 

Click here to view or download the full report:
August 2013 Monthly Market Detail St Lucie County Townhouses and Condos

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

August 2013 Monthly Market Detail St Lucie County Townhouses and Condos