Spacious Key West Style Stuart Pool Home Just Listed

10.22.12 by

Spacious Key West Style Stuart Pool Home Just Listed

An excellent opportunity in one of Stuart’s premier locations!  227 SE Pelican Drive is now available for sale.

Stunning Key West Style 2 story pool home located in the perfect Stuart neighborhood. Just one block from the Saint Lucie River, and close to the beaches and downtown. This home has 2,930 sq ft under air (see attached floor plan for correct sq. ft) with large 2 car garage. 4 bedrooms, 3 full baths and half cabana bath. Two full master suites on the second level and a large bonus room. Bonus room is used as billiards room – pool table and small fridge included in the sale. Updated eat in kitchen open to family room with gas fireplace. Separate dining room and formal living room. French doors lead out to a tropical oasis with heated pool/spa area, retractable Sunbrella awning and outdoor speakers. This is the perfect family home! Must see to appreciate!

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Spacious Key West Style Stuart Pool Home Just Listed

 

Palm City Florida Market Report ZIP Code 34990 – Condo, September 2012

10.21.12 by

Palm City Florida Market Report ZIP Code 34990 – Condo, September 2012

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for September 2012

For September 2012 in the 34990 Zip Code area of Palm City, Florida :

There are currently 62 active condo listings. (A decrease of 1 condo from August)

6 Condo sales are pending and awaiting close or lender approval. (Unchanged from last month)

4 Condos Sold in September. (Unchanged from August)

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 September, the market was basically unchanged from August with only 1 condo less in the active inventory.

The one month absorption rate for the Palm City Florida condo market is 15.5 months.  Still a significant buyers market.
The September 2011 numbers were: 61 active listings, 4 pending sales and 1 closed sales.   Slightly better market activity this September, compared to last, but still plenty of room for improvement.

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Palm City Florida Market Report ZIP Code 34990 – Condo, September 2012

Palm City Florida Market Report ZIP Code 34990 – Residential, September 2012

10.20.12 by

Palm City Florida Market Report ZIP Code 34990 – Residential, September 2012

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for September 2012

For September 2012 in the 34990 Zip Code area of Palm City Florida :

There are currently 402 active listings (An increase of 2 homes from August)

170 Residential sales are pending and awaiting close or lender approval. (An increase of 9 homes from last month)

33 Homes Sold in September (Decreased by 35 homes from August)

For the Palm City, zip code 34990, area of Martin County Florida activity slowed in September after a super spring.  Closed sales were off by a significant amount (50%).  However, pending sales were up showing some good potential for the fall.  The inventory of available homes for sale increased marginally, but still remain at levels lower than they’ve been in quite a few years.  The market activity remains active, much more so than in the past few years.

The current absorption rate shot up to just over 12 months, which is considered to be a buyers market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.  Much of these numbers are a reflection of the slower activity which is typical for our area in the summer months.

The September 2011 numbers were:  482 active listings, 124 pending sales and 49 closed sales.  Considerably improved market activity for September 2012, especially when the lower inventory is factored into the results.

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Palm City Florida Market Report ZIP Code 34990 – Residential, September 2012

Stuart Florida Market Report ZIP Code 34997 – Condo, September 2012

10.19.12 by

Stuart Florida Market Report ZIP Code 34997 – Condo, September 2012

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for September 2012

For September 2012 in the 34997 Zip Code area of Stuart, Florida :

There are currently 101 active condo listings (An increase of 3 condos form August).

19 Condo sales are pending and awaiting close or lender approval (Down 5 condos from August).

9 Condos Sold in September (A decrease of 6 condos from August).

Reflecting the off season for condos, the Stuart condo market for the area in ZIP code 34997 had a pretty lackluster month for September.  A small increase in inventory and decreases in both pending and closed sales.

The one month absorption rate is at 11.2 months, slipping back into a buyers market.

The September 2011 numbers were: 112 active listings, 16 pending sales and 4 closed sales.  While it was a slow month, still better numbers than from September of 2011.

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for September 2012

Stuart Florida Market Report ZIP Code 34997 – Residential, September 2012

10.17.12 by

Stuart Florida Market Report ZIP Code 34997 – Residential, September 2012

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for September 2012

There are currently 365 active listings (an increase of 33 homes from August).

178 Residential sales are pending and awaiting close or lender approval (A decrease of 17 homes from August).

50 Homes Sold in August (Down 32 homes from August)

After a really good August for the 34997 zip code area of Stuart Florida, numbers were off for September.  A significant jump in inventory, possibly signalling more homes coming on the market for the season as some recent good market news may have some sellers that have delayed their sales decision coming back on the market.  Unfortunately, both pending and closed sales were off.  Possibly this is more a reflection of the off season as opposed to a waning demand.

The current one month absorption rate is just over 7 months, which indicates that we’ve slipped into a buyers market (compared to last month’s 4 month absorption rate)..   Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.
The 2011 numbers were: 503 active listings, 181 pending listings and 60 closed sales.

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Stuart Florida Market Report ZIP Code 34997 – Residential, September 2012

Stuart Florida Market Report ZIP Code 34996 – Condo, September 2012

10.16.12 by

Stuart Florida Market Report ZIP Code 34996 – Condo, September 2012

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for September 2012

For September 2012 in the 34996 Zip Code area of Stuart, Florida :

There are currently 198 active condo listings (Up 8 from last month).

28 Condo sales are pending and awaiting close or lender approval (an increase of 9 condos from August).

8 Condos Sold in September (Down 4 from August)

The Stuart Florida Market Report ZIP Code 34996 for Condos showed its first increase in inventory in some time.  Future sales (pending listings) took a nice jump up to 28 condos while sales were off to only 8 sold condos.  Not an unexpected number considering we are in the off season for condo sales.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo is just under 24 months.  Not a very good number for sellers, but a great opportunity for buyers.  I expect this absorption rate to decrease in the coming months if the strong pending numbers hold up.

The numbers for September 2011 were: 188 active listings, 27 pending sales and 18 closed sales.  Very similar numbers to the current market.

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Stuart Florida Market Report ZIP Code 34996 – Condo, September 2012

Stuart Florida Market Report ZIP Code 34996 – Residential, September 2012

10.15.12 by

Stuart Florida Market Report ZIP Code 34996 – Residential, September 2012

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for September 2012

For September 2012 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 154 active listings (Decreased 12 homes from August).

34 Residential sales are pending and awaiting close or lender approval (Unchanged from August).

7 Homes Sold in September (Up 1 from August).

The 34996 zip code area of Stuart Florida showed a slight increase in sales for September.  Pending sales were unchanged from last month while inventory remained decreased again.  Good results when considering that this is our off season.  The one month absorption rate for the 34996 zip code area of Stuart Florida for September is 22 months, which still has plenty of room for improvement.  A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for September of 2011 were: 177 active listings, 23 pending sales and 12 closed sales.  With the exception of the closed sales, our peding numbers are much better than last year with a considerably lower inventory.

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Stuart Florida Market Report ZIP Code 34996 – Residential, September 2012

Palm Cove Golf and Yacht Club Town Home Open House

10.14.12 by

Palm Cove Golf and Yacht Club Town Home Open House

 Come and join us on the Realtor Association of Martin County open house at this Palm Cove Golf and Yacht Club Town Home in this prestigious Palm City, Florida Golf and Yachting community.  The open house will be on Tuesday October 16 from 9:30 a.m. to 12 Noon.

A wonderful Palm City town home featuring 3 spacious bedrooms (with two master suites — one up one down — with water views), loft area which can easily be converted into a 4th bedroom, 3 and ½ bathrooms and a 2 car garage. The kitchen, with granite counters, has a breakfast bar and roomy pantry. The second floor master has a balcony with sweeping preserve and river views. A very spacious home with soaring ceilings in the living area. This Palm Cove residence has access to community docks (check availability) a non-equity professional golf course and a full featured club house with community pool. HOA fees include Storm and Property Insurance and security. Conveniently located close to shopping, restaurants and Florida’s Turnpike.

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Palm Cove Golf and Yacht Club Town Home Just Listed

 

Stuart Florida Market Report ZIP Code 34994 – Residential, September 2012

10.12.12 by

Stuart Florida Market Report ZIP Code 34994 – Residential, September 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for September 2012

For September 2012 in the 34994 Zip Code area of Stuart, Florida :

There are currently 61 active listings (Up 3 from August).

37 Residential sales are pending and awaiting close or lender approval (Down 1 from August).

12 Homes Sold in September (Down 2 homes from August)

The 34994 ZIP code area of the Stuart, Florida real estate market activity continues to show good strength even though the inventory is now down to very low levels.  Both sales and pending sales declined slightly for September.  However, the inventory rose by a modest 3 homes.

The one month absorption rate for this zip code is just over 5 months, which still signifies a sellers market.  Still an excellent time for those wishing to place their homes on the market for sale.  The September 2011 numbers were 71 Active Listings, 36 pending sales and 7 closed sales.

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Stuart Florida Market Report ZIP Code 34994 – Residential, September 2012

Stuart Florida Market Report ZIP Code 34994 – Condo, September 2012

10.11.12 by

Stuart Florida Market Report ZIP Code 34994 – Condo, September 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for September 2012

For September 2012 in the 34994 Zip Code area of Stuart, Florida :

There are currently 142 active condo listings (Down 1 condo from August).

45 Condo sales are pending and awaiting close or lender approval. (Up 2 from last month)

12 Condos Sold in September (Decreased by 1 condo from August).

Continued strong results for the Stuart Condo market for zip code 34994 even during our off season.  Sales were off by 1 unit while pending sales were up an additional 2 condos and the available inventory continues to decrease.  The one month absorption rate is at 11.8 months, which still signifies a buyers market.  And, it appears that the buyers are indeed buying, even during the typically slower condo season.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither a buyers or sellers market.

Last September the numbers were 132 active listings, 45 pending sales, and 18 closed sales.  There is still room for improvement in this segment of the Stuart Florida condo market.

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Stuart Florida Market Report ZIP Code 34994 – Condo, September 2012

Sewalls Point Residential Market Report September 2012

10.10.12 by

Sewalls Point Residential Market Report September 2012

Sewalls Point Real Estate Snapshot, Residential Sales for September 2012

There are currently 50 active listings (a decrease of 7 home for sale from August)

20 Residential sales are pending and awaiting close or lender approval (an increase of 4 homes from August)

3 Homes sold in August (Unchanged from August)

Surprisingly, the Sewalls Point market report for September 2012 showed a small increase in activity during a seasonally slow time by historical standards..  Sales remained steady at three homes but the homes under contract rose to 20 units, which should translate to higher fall sales and the inventory decreased to 50 homes, which is fairly low at this time for Sewalls Point.

Comparing the results to September of 2011, the inventory was at 53 homes homes on the market last year, pending sales numbered only 9 homes, and there were 4 sales from $287,000 to $4,325,000.  This years sales were between $530,000 to $1,670,000.   Better

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Sewalls Point Market Report – Residential, September 2012

Fairwinds Cove Condos in Jensen Beach Florida

10.09.12 by

Fairwinds Cove Condos in Jensen Beach Florida

Fairwinds Cove Condos Market Update for October 2012:
Currently 4 active listings on the market.
There is one short sale pending and awaiting lender approval.
In the past 12 months, 9 condos have sold ranging in sales prices from $120,000 to $180,000 with an average price per square foot of $132.96

Located in beautiful Jensen Beach, Florida on the East side of the Jensen Beach Causeway is Fairwinds Cove.  A waterfront condo complex of 10 four story buildings with only 4 suites per floor.  Many of these condos with wonderful sweeping views of the Indian River (the Intracoastal Waterway that runs through Martin County).

This condo complex built in multiple phases from 1974 to 1983 boasts two swimming pools, tennis courts, shuffleboard, waterside walking paths, a recently refurbished clubhouse with full kitchen, meeting room, fitness room, billiards and more.  Fairwinds Cove also has deeded docks with great access to fishing, water sports and only a few minutes to the crystal clear waters of the Atlantic Ocean.

Fairwinds Cove is a non-age restricted community that allows one small pet.  There is a strong sense of community with many long time seasonal and full time residents.  Located within an easy walk to the beach and just a short drive to charming downtown Jensen Beach  as well as the many amenities offered in Martin County, Florida.

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Four Rivers in Palm City Florida

10.03.12 by

Four Rivers in Palm City Florida

Four Rivers Market Update for October 1, 2012

There are currently 4 homes for sale in Four Rivers ranging in price from $750,000 to $1,892,000 (Average asking price of $260 per square foot of living area)

 One home is currently pending (under Contract) at a listing price of $725,000 ($231 per square foot)

2 homes have sold in the past 12 months in Four Rivers for $728,000 and $1,020,000 sales prices (The average sales prices were $196.00 per square foot)

Four Rivers in Palm City Florida is a unique enclave of spacious homes on the banks of the South Fork of the Saint Lucie River.  Ideal for the serious boaters, all of Four Rivers’ home sites are on deep water canals suitable for larger vessels and with no fixed bridges (under 60’) to the Saint Lucie inlet to gain access to the crystal clear waters of the Atlantic Ocean.

Consisting of 98 home sites, with a minimum ½ acre of land (though most have ¾ acre or more), Four Rivers is a perfect family friendly neighborhood. Very conveniently located close to ‘A’ rated schools, shopping, restaurants and only a few minutes from either downtown Stuart or Florida’s Turnpike for those wishing to commute to our more crowded neighboring counties.

Low HOA fees insure the canals will be maintained to a depth of 6’ at mean low tide to make sure no boats have difficulties navigating to open water.  Four Rivers is a wonderful place to call home.

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Four Rivers in Palm City Florida

Palm Cove Golf and Yacht Club Town Home Just Listed

10.02.12 by

Palm Cove Golf and Yacht Club Town Home Just Listed

A Palm Cove Golf and Yacht Club Town Home in this prestigious Palm City, Florida Golf and Yachting community.

Palm Cove Golf and Yacht Club Town Home

Palm Cove Golf and Yacht Club Town Home

A wonderful Palm City town home featuring 3 spacious bedrooms (with two master suites — one up one down — with water views), loft area which can easily be converted into a 4th bedroom, 3 and ½ bathrooms and a 2 car garage. The kitchen, with granite counters, has a breakfast bar and roomy pantry. The second floor master has a balcony with sweeping preserve and river views. A very spacious home with soaring ceilings in the living area. This Palm Cove residence has access to community docks (check availability) a non-equity professional golf course and a full featured club house with community pool. HOA fees include Storm and Property Insurance and security. Conveniently located close to shopping, restaurants and Florida’s Turnpike.

Palm Cove Golf and Yacht Club Town Home

Palm Cove Golf and Yacht Club Town Home

 

 

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Palm Cove Golf and Yacht Club Town Home Just Listed


The Estuary of Stuart Florida

09.30.12 by

The Estuary of Stuart Florida

 There are currently three homes and two condos listed in the Estuary.
One home and one condo are currently under contract.
In the past 6 months, 4 homes and 7 condos have sold.
Sales prices ranged from a high of $775,000 for a newer waterfront home to a low of $67,900 for a two bedroom condo.

 The Estuary of Stuart Florida, located in North Stuart, Florida and often mistaken for being a part of Jensen Beach Florida is a gated community with a variety of homes ranging from condos, to 1980’s vintage homes, to newer villas as well as waterfront homes with deep water docks.

The Estuary of Stuart Florida is very conveniently located on the banks of the North Fork of the Saint Lucie River, just minutes from the Treasure Coast Mall and the shopping and dining areas of the US-1 corridor in Jensen Beach.

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The Estuary of Stuart Florida

 

Martin County Florida Condo Market Report for August 2012

09.29.12 by

Martin County Florida Condo Market Report for August 2012

 

Commentary:

The Martin County Florida Condo Market for August 2012 is showing signs of our typical summer slowdown.  Sales for August were down to 46 units from 57 in July.  Though this is still slightly better than August of 2011 which had 43 sales.  The inventory was up by 7 units and is basically holding steady as last year at this time it was 618 condos available for sale.  I would not be surprised to see more inventory growth as we get into the upcoming  fall and winter condo season.  Both average and median sales prices were off again for August reflecting a continued pressure on pricing in the local condo market.  Also, the mix of sales has been in the lower price ranges, as the more expensive, typically ocean front condos tend to have better sales in the winter and spring season..

The one month absorption rate is up to 12.6 months, while the three-month average is at 10.4 months.  Still a very challenging market for sellers with the accompanying quite attractive opportunities for buyers.  We 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.

Currently, the condo market is under-performing as compared to our residential market and the condo markets of our southern neighbors.  I do expect this trend to stop as buyers realize the bargains currently available in the Martin County condo market.

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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 August 2012

the Gabe Sanders real estate team

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

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Martin County Florida Residential Market Report for August 2012

09.28.12 by

Martin County Florida Residential Market Report for August 2012

 

Commentary:

The Martin County Florida residential market report for August 2012 continues to show strong results. The sales volume of 179 homes is 43 homes better than 2011 and 82 homes better than 2010.  Looking at the absorption rate table, this is the first August in memory that sales continued to remain strong during the off season.  All this with a much reduced inventory from previous months.

Average sales prices were up for August, while the median sales price was off slightly.  Indicating a sale of a few much higher priced home and continuing very strong demand for the more affordable mix in the Martin County residential market.  Other than the top of the price range, the market is now showing price increases pretty much across the board until you reach the above $ 1 million dollar homes, where the market remains somewhat difficult.

This months inventory showed a small increase (for the first time in years) to 1147 units (up 15 from last month), still down from the 1340 homes that were on the market in August of 2011 (and the 2795 homes in August of 2007). The one month absorption rate for August is 6.4 months, while the three-month average is 6.6 months.  These absorption rates are very close to a balanced market, favoring neither seller or buyer.

Overall, very positive market results for the residential segment of the Martin County real estate market.

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

[singlepic id=2846 w=600 h=600 float=center]

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.

[singlepic id=2847 w=600 h=600 float=center]

[singlepic id=2848 w=600 h=600 float=center]

[singlepic id=2849 w=600 h=600 float=center]

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 August 2012

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

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, August 2012

09.27.12 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, August 2012

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for August 2012

 

For August 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 26 active condo listings. (Down 2 from July)

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7 Condo sales are pending and awaiting close or lender approval. (Unchanged from July)

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  2 Condos sold in August (A decrease of 1 condos from July)

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The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  August showed very little change from last month.  With only 26 units available it’s fairly slim pickings in the Hobe Sound Florida Market Report ZIP Code 33455 condo market. Small changes in any metric will reflect large changes in market activity and unless some dramatic changes occur, I would expect the Hobe Sound condo market to remain fairly static.

The one month absorption rate is 13 months, signifying that it’s still a buyers market.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.  But, with such low numbers, these indicators can easily be misleading.

The August 2011 numbers were:  42 active listings, 6 pending sales and 3 closed sales.  Other than a significantly lower inventory, very similar results.



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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, August 2012

 

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, August 2012

09.26.12 by

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, August 2012

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for August 2012

 

For August 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 298 active listings. ( An increase of 19 homes from July)

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55 Residential sales are pending and awaiting close or lender approval (A decrease of 22 homes from July)

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37 Homes Sold in August (An increase of 6 homes from last month)

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For the second month in a row the Hobe Sound real estate market (ZIP Code 33455) had some disappointing results.  While closed sales were up for August, the number of pending sales were off considerably and unlike most other areas of Martin County the inventory rose for the second month n a row.  Whether this is just typical seasonal fluctuations for the Hobe Sound real estate market or a trend diverging from other Martin County areas remains to be seen.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 stands at 8 months.  This is still a buyers market in Hobe Sound.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for August 2011 were:  342 active listings, 54 pending sales and 30 closed sales.   Marginally better numbers this year than last.

 

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, August 2012

Palm City Florida Market Report ZIP Code 34990 – Condo, August 2012

09.23.12 by

Palm City Florida Market Report ZIP Code 34990 – Condo, August 2012

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for August 2012

For August 2012 in the 34990 Zip Code area of Palm City, Florida :



There are currently 63 active condo listings. (An increase of 1 condo from July)

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6 Condo sales are pending and awaiting close or lender approval. (Down 1 from last month)

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4 Condos Sold in August. (Up 3 from July)

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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 August, closed sales were up 3 units from the one sale of July.  Both pending sales and the inventory only changed by 1 unit for August.
The one month absorption rate for the Palm City Florida condo market is 15.5 months.  Still a significant buyers market.
The August 2011 numbers were: 52 active listings, 5 pending sales and 4 closed sales.   Very similar to this year.  The one statistic to note, unlike most other segments of the Martin County real estate market, the inventory for Palm City condos is up from last year.

 

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Palm City Florida Market Report ZIP Code 34990 – Condo, August 2012