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

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

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

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



There are currently 61 active condo listings. (An increase of 2 condos from October)

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10 Condo sales are pending and awaiting close or lender approval. (Up 1 condo from last month)

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5 Condos Sold in November. (Up 5 from 0 sales for October)

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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 November, there were five condos sold, considerable improvement over the previous month which had no sales for condos in Palm City.  Both the available inventory and pending sales increased slightly for November.
 
The current absorption rate for condos in the 34990 zip code area is 12.2 months.  Still a strong buyers’ market, as a balanced market is considered to be an absorption rate of around 6 months.
 
The November 2011 numbers were: 60 active listings, 3 pending sales and 1 closed sales.   Inventory is the same as last year.  Pending and closed sales are both improved for 2012.

 

 

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

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

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

 

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

 

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


There are currently 404 active listings (A decrease of 16 homes from October)

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136 Residential sales are pending and awaiting close or lender approval. (A decrease of 14 homes from last month)

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56 Homes Sold in November (Increased by 7 homes from October)

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For the Palm City, zip code 34990, area of Martin County Florida, another strong month during traditionally slow months.  Closed sales increased by 7.  The inventory of available homes for sale also decreased after an increase last month.  Pending sales were off by a bit and we expect some slower market activity for the next few months as we approach the holidays.

The current absorption rate stands at 7.2 months. Considerably better than it’s been in quite a while.  This is a slight buyer’s market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The November 2011 numbers were:  468 active listings, 144 pending sales and 36 closed sales.  Better numbers for closed sales as compared to  last November, especially when factoring in the lower inventory for this year.  Slightly less pending activity, though.

 

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

Highlands Reserve December 2012 Market Update

Highlands Reserve December 2012 Market Update

There are currently 8 homes actively listed in Highlands Reserve for December, 2012 in Palm City, Florida.  The average list price is $404,129 at $127.32 per square foot of living area.

There are 8 homes under contract awaiting closing.  Three of these are short sales.  The average list price is $374,658 at $122.36 per square foot of living area.

In the past 12 months, 22 homes have sold in Highlands Reserve with an average sales price of $328,955 at $111.30 per square foot of living area.  Six of these homes were short sales.  No bank owned sales.

 

Highlands Reserve December 2012 Market Update is the newest upscale community in this section of MartinCounty. Enter the magnificent gates and surround yourself with the well appointed amenities of the clubhouse and natural beauty of this community. Included are paths into winding nature trails will offer dramatic views of surrounding natural preserves and serene lakes.

Located only seconds from I-95 and within minutes of shopping, beaches and the laid back easy lifestyle of Martin County. Perfect for the family with an ‘A’ rated school system. Only 30 minutes to West Palm Beach and 2 hours to Orlando.

Low HOA fees of $275.00 per month include landscaping and irrigation as well as the security gate, use of the full service clubhouse with large pool and state of the art fitness center.  Lounge and kitchen for private parties and occasions.

Give us a call for the full line of exceptional new homes available in Highland Reserve in Palm City, FL.

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Stuart Florida Real Estate

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

Highlands Reserve December 2012 Market Update

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

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

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

 

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

 

There are currently 97 active condo listings (No change form October).

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21 Condo sales are pending and awaiting close or lender approval (No change from October).

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7 Condos Sold in November (An increase of 1 condo from October).

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Reflecting the off season for condos, the Stuart condo market for the area in ZIP code 34997 had a fairly slow second month in a row for November.  Basically unchanged from October, with only minor variations.  With the holidays coming up, we’re not expecting any major movement in the Stuart condo market.  Possibly an increase in inventory as often condo owners will try to time the market for the winter and spring season when activity tends to be a bit higher.

The one month absorption rate is at  13.9 months, indicating a continued strong buyers market.

The November 2011 numbers were: 119 active listings, 24 pending sales and 5 closed sales.  No significant changes from last year with the exception of a reduced inventory of approximately 20%.

 

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

 

 

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

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

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

 

There are currently 359 active listings (a decrease of 1 homes from October).

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191 Residential sales are pending and awaiting close or lender approval (An increase of 2 homes from October).

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44 Homes Sold in November (Down 7 homes from October)

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The 34997 zip code area of Stuart Florida continue to show strong numbers. The inventory basically remained unchanged while pending sales (an indication of future closed  sales) remained strong, rising by 2 homes.  Closed sales were were off by seven homes, but these results are still strong during our off season.
 
The current one month absorption rate is at 8.1 months, very close to a balanced market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.
 
The 2011 numbers were: 527 active listings, 198 pending listings and 42 closed sales.  Considering the amount of inventory being significantly lower this year, it’s very impressive how ell this segment of the Stuart real estate market continues to perform.
 
 

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

USA Junior Olympic Sailing Festival in Jensen Beach

USA Junior Olympic Sailing Festival in Jensen Beach

USA Junior Olympic Sailing Festival

The U.S. Sailing Center of Martin County continues to grow as they set an attendance record at this year’s 15th annual USA Junior Olympic Sailing Festival which was held last weekend at the Indian Riverside Park in Jensen Beach, Florida.  Over 190 participants from as far as New York and Tortolla, British Virgin Islands attended this event.  The most participants ever for this annual sailing festival.

Open to sailors ranging in age from 8 to 21 with competition in 9 different classes of boats and 2 classes of windsurfers.  Winds for the event favored the light wind specialists as there was an uncharacteristic light wind summer pattern for the weekend.  Over 100 local volunteers helped to make the 15th annual USA Junior Sailing Festival a rousing success, even though many participants would have liked some more wind.

This will be a busy year at the U.S. Sailing Center of Martin County with some great upcoming regattas.  The USODA Opti Team Race Mid Winter Championships are scheduled for Jan 19 to 21.  Feb 16 thru 18 will bring the 420 Mid Winter Championships.  With the Florida State Opti Championships at Opti Fest on March 9 and 10.

 

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

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

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

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

 

There are currently 209 active condo listings (Up 15 from last month).

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26 Condo sales are pending and awaiting close or lender approval (a decrease of 4 condos from October).

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12 Condos Sold in November (Down 5 from October)

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The Stuart Florida Market Report ZIP Code 34996 for Condo slowed some for November, not unexpected as this is typically an off month for condo sales.  Sales and future sales (pending listings) were off while the inventory showed the first increase in some time.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo is just over 17.4 months.  Quite a drop from last months 11 month absorption rate.

The numbers for November 2011 were: 225 active listings, 21 pending sales and 14 closed sales.  Very similar numbers to this year.

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

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

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

 

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

 

 

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

There are currently 157 active listings (Unchanged from October).

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23 Residential sales are pending and awaiting close or lender approval (Down 10 from October).

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11 Homes Sold in November (Down 1 from October).

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The 34996 zip code area of Stuart Florida showed a small decrease in sales for November.  Pending sales were also down  by 10 homes from last month while the inventory remained unchanged.  Not quite as good results as we’ve had through the rest of the year in the Stuart 34996 zip code area.  The one month absorption rate for the 34996 zip code area of Stuart Florida for November is 14.3 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 November of 2011 were: 173 active listings, 28 pending sales and 14 closed sales.

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

North River Shores December 2012 Market Update

North River Shores December 2012 Market Update

The North River Shores December 2012 Market Update for Stuart Florida:

There are currently 24 active listings in North River Shores.  The average list price is $548,424 based on $204.83 per square foot of living area.

16 homes are under contract (pending sales) Of these, 4 are short sales and no bank owned foreclosures.  The average list price is $264,143 at $137.35 per square foot.

In the past 12 months, 36 homes have sold in North River Shores at an average sales price of $394,916 at $154.58 per square foot of living area.
The highest priced sale was $1,885,750 and the lowest was $60,000.  (8 were short sales and 5 were bank owned sales.)

North River Shores Homes for Sale in Stuart, Florida

 

The area north of the Roosevelt Bridge to Britt Road and west of US 1 is sometimes loosely referred to as “North River Shores.” However, North River Shores and its companion neighborhoods of Cocoanut Point and North River Forest are distinct subdivisions as recorded in Martin County records.
North River Shores
Members of these communities enjoy the benefits of designated park areas as well as the use of the boat ramp at Nosaw Park which accesses the North Fork of the St. Lucie River.
There are also some accompanying deed restrictions that enhance and protect the aesthetic nature of this beautiful community.

 North River Shores

The North River Shores communities include both waterfront and non-waterfront homes.  Waterfront homes may have sweeping miles wide views of the North Fork of the Saint Lucie River or protected canal front homes with deep water dockage.  Additionally, North River Shores is a bird and wildlife sanctuary.


North River Shores This community is blessed with easy access to shopping, the beaches, houses of worship, schools and access to both downtown Stuart and Jensen Beach, yet it maintains a quiet and peacefully neighborhood character.   This is a wonderful neighborhood within Martin County’s ‘A’ rated school district.
For additional information about North River Shores and/or the surrounding communities, contact Gabe Sanders or of Premier Realty Group.

North River Shores

 
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Stuart Florida Real Estate

North River Shores December 2012 Market Update

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

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

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

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

 

There are currently 153 active condo listings (Up 10 condo from October).

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42 Condo sales are pending and awaiting close or lender approval. (Down 3 condos from last month)

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11 Condos Sold in November (Decreased by 2 condos from October).

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After numerous months of strong results for the Stuart Condo market for zip code 34994 even during our off season, the market has cooled slightly as we approach the holidays.  Sales were off by 2 units and pending sales also were off by 3 condos. while the  available inventory was up by 10 units.  The one month absorption rate is at 14 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 November the numbers were 146 active listings, 35 pending sales, and 10 closed sales.

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

Palm Cove Golf and Yacht Club December 2012 Market Update

Palm Cove Golf and Yacht Club December 2012 Market Update

There are currently 23 homes actively listed in Palm Cove Yacht and Golf Cub for December, 2012 in Palm City, Florida.  The average list price is $561,430 at $173.10 per square foot of living area.

There are 4 homes under contract awaiting closing.  One is a short sale.  The average list price is $669,000 at $183.14 per square foot of living area.

In the past 12 months, 16 homes have sold in Palm Cove Yacht and Golf Cub with an average sales price of $493,106 at $152.17 per square foot of living area.  Two of these homes were short sales, and one bank owned sale.

Palm Cove Golf and Yacht Club in palm City Florida

The Palm Cove Golf and Yacht Club in Palm City Florida includes 206 residences, ranging from spacious condos with garages to townhomes, fairway homes to multimillion dollar waterfront homes on the shores of the north fork of the wide Saint Lucie River.

Palm Cove Golf and Yacht Club in palm City Florida

This magnificent community boasts a championship Chi Chi Rodrigues designed golf course. Memberships are available to both residents and non-residents and membership is not mandatory.  In addition to golf, boaters enjoy a 93 slip deep water marina with docks available for over 50’ vessels.

Palm Cove Golf and Yacht Club in palm City Florida

There’s a magnificent club house located riverside by the marina.  Residents enjoy 24 hour security from the manned gated entrance.  The Palm Cove Golf and yacht Club is separated into two main sections.  Fairway homes are on the south side of Mapp Road with the entrance across the main entrance to palm Cove and is controlled by remote from the main security gate.

Palm Cove Golf and Yacht Club in palm City Florida

In the main section, are the estate homes, town-homes at Island creek as well as the condos at ‘the Links’.   Homes range from 1500 sq. ft. town-homes with 2 bedrooms, 2 bathrooms and 2 car garages all the way up to 6,000 sq. ft. plus waterfront residences with 5 bedrooms, office, 6 and ½ bathrooms and 3 car garages.  Home owner (HOA) fees vary from section to section.  The estate homes run approximately $450 per month, while in the fairways section they are around $550 per month, but include landscaping.  For a complete list of fees, please give us a call.

Palm Cove Golf and Yacht Club in palm City Florida

Palm Cove families enjoy a quiet secluded lifestyle yet are close to shopping, restaurants and the beaches of Martin County.  Children attend an ‘A’ rated Martin County school system to the following schools:  Bessey Creek elementary, Hidden Oaks middle and Martin County High.

Currently, these homes are available for sale in the Palm Cove Golf and Yacht Club

 

For any questions you may have about the palm Cove Yacht and Golf Club in Palm City Florida, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Palm Cove Golf and Yacht Club December 2012 Market Update

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

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

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

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

 

There are currently 71 active listings (Up 4 from October).

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35 Residential sales are pending and awaiting close or lender approval (Up 3 from October).

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4 Homes Sold in November (Down 5 homes from October)

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The 34994 ZIP code area of the Stuart, Florida real estate market activity has cooled slightly after a very strong spring.   Inventory has crept up again for the second month in a row which makes more homes available for buyers.  Pending sales rose slightly while closed sales were off to only 4 homes sold.

The one month absorption rate for this zip code plunged to almost 18 months, which signifies a shift to a strong buyers market, after many months of under 6 month rates (sellers market).  I think this is more an indication of the holiday slow down as opposed to any major shift in the market.

The November 2011 numbers were 79 Active Listings, 32 pending sales and 11 closed sales.

 

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

Hammock Creek December 2012 Market Update

Hammock Creek December 2012 Market Update

There are currently 23 homes actively listed in Hammock Creek for December, 2012 in Palm City, Florida.  The average list price is $417,447 at $144.40 per square foot of living area.

There are 5 homes under contract awaiting closing.  One is a short sale.  The average list price is $391,780 at $138.45 per square foot of living area.

In the past 12 months, 39 homes have sold in Hammock Creek with an average sales price of $378,907 at $124.00 per square foot of living area.  Five of these sales were short sales and four were bank owned homes.

Hammock Creek is a lovely gated upscale neighborhood consisting of three separate sections, The Sanctuary, The Preserve, and The Estates. The community is centered around the Hammock Creek Golf Course, a Jack Nicklaus designed course. Homes in Hammock Creek consist of one and two stories with square footage ranging from 2000 to over 5000 square feet and prices starting in the low 300’s.Most of the homes sit on generous lots with a view of either the lake, preserve, or golf course.

There are wide paver sidewalks ideal for families who enjoy biking, walking, and jogging. Close to fine shopping, nice restaurants, immediate access to I-95 and the turnpike, and A Rated Palm City schools makes Hammock Creek one of Martin County’s premier neighborhoods.

Low HOA fees ranging from approximately $260 to $390 per month depending on which section one resides .

Here are the currently available homes in Hammock Creek December 2012 Market Update

For any questions you may have about Hammock Creek December 2012 Market Update, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Hammock Creek December 2012 Market Update

Sewalls Point Residential Market Report November 2012

Sewalls Point Residential Market Report November 2012

Sewalls Point Real Estate Snapshot, Residential Sales for November 2012

There are currently 41 active listings (a decrease of 6 home for sale from October)

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10 Residential sales are pending and awaiting close or lender approval (a decrease of 7 homes from October)

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8 Homes sold in October (Up 1 from October)

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Continued strong activity for the Sewalls Point market report for November 2012.  A very good month for sales with 8 closings.  Pending sales were off  (by 7 homes) while the inventory is now down to 41 homes.  This is getting to be pretty slim for Sewalls Point.

The absorption rate now stands at 5.1 months.  This is an indication of a transition into a slight sellers market.  Where a seller has an advantage over the buyer because of the low supply and high demand.  A balanced market is considered to be when the absorption rate is 6 months.

Comparing the results to November of 2011, the inventory was at 49 homes homes on the market last year, pending sales numbered only 13 homes, and there was only 3 sale.

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Sewalls Point Market Report – Residential, November 2012

Snug Harbor Stuart FL

Snug Harbor Stuart FL

December 2012 Market Update for Snug Harbor Stuart FL:

There are 7 homes currently for sale in Snug Harbor Stuart FL.  Listing prices range from $695,000 to $2,550,000. (3 wide waterfront homes and 4 homes with marina access)

There are currently no homes under contract or pending.

2 homes have sold in the past 12 months.  Ranging in sales price from $360,000 to $967,250.  Neither of these homes were waterfront.

Located on the wide Saint Lucie River just east of the city of Stuart Florida is the unique subdivision of Snug Harbor. While the real estate market on the Treasure Coast has it’s problems, Snug Harbor remains a desirable community as recent sales can show.

Snug Harbor was the vision of a group of 10 Yachtsmen, many former Commodores of the Chicago Yacht Club back in 1943. They bought the land and platted the area in September 1944 as well as forming the Snug Harbor Corporation, which controlled the ownership of the lots.

Snug Harbor

In 1975 the deeds were distributed and/or sold to the then owners and a condominium form of ownership was established under the name of the Snug Harbor Yacht Club. With both waterfront and non-waterfront homes and estates, located just minutes away from the ocean by boat or car and also convenient to downtown Stuart, offices, restaurants and recreational areas.

Snug Harbor is one of the finest communities in Martin County. There are only 72 home sites with a club house, deep water marina, boat ramp, trailer parking and tennis courts. There is an active association with social activities year round that make this community a very attractive place to call home.

Please feel free to contact Gabe Sanders (772-323-6996), a Snug Harbor resident and board member, if you would like any information about this wonderful community.

 

 

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Snug Harbor Homes for Sale

Snug Harbor Stuart FL

Holly Creek November 2012 Market Update

Holly Creek November 2012 Market Update

As of December 1, 2012 there are only two homes for sale in Holly Creek. One town home, and one single family.
There are no homes currently under contract awaiting close.
In the past 12 months, 15 homes and town homes have sold in Holly Creek.
Holly Creek Home Sales

This is one of the hidden jewels in Martin County and Jensen Beach. Holly Creek is a small and affordable subdivision located off of Jensen Beach Blvd. Just 2 miles from the Indian River (Intracoastal Waterway) and across the Jensen Beach Causeway to access the pristine waters and beaches of the Atlantic Ocean. Only two miles to the Treasure Coast Mall and surrounding areas for shopping, and just a short bike ride from schools, restaurants, parks and downtown Jensen Beach; Holly Creek is one of the best locations on the Treasure Coast Low fees include professional landscaping.This home features lots of room with 2 BR, 2.5 Bath and 1 car garage with additional parking. Both bedrooms feature individual baths. New AC and the refrigerator has a water filter system. Private lanai and lushly landscaped grounds. This is a perfect starter home or a wonderful Florida vacation home during the cold northern winters. This home is in move in condition and ready for immediate occupancy. This home can qualify for the first time home buyers tax credit.

A large heated pool and two professional tennis courts adjoin the spacious clubhouse that has party and banquet facilities available for residents to use.

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

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

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Holly Creek November 2012 Market Update

Jensen Beach Golf and Country Club November 2012 Update

Jensen Beach Golf and Country Club November Update

There are currently 10 homes and villas available for sale in the Jensen Beach Golf and Country Club.
List prices between $184,00 and $339,900

12 homes are under contract awaiting the final sale. ( no short sales or ban owned properties – all conventional sales.)

In the past 12 months, 41 homes have sold.  Only one short sale and two bank owned (foreclosure) homes.
The average price per square foot was  $140.64 with 95% sales to list price

 The Jensen Beach Golf and Country Club in Jensen Beach Florida is one of the most desirable communities on Florida’s Treasure Coast.  There are 656 homes and home sites spread out on over 240 acres of wildlife preserve with plenty of privacy and homes from four different builders.   Homes began to be constructed in 2000 and new homes continue to be built to order, with a limited number of spec homes available from D.R. Horton and Renar Homes.  Previous builders included WCI Communities and Engle Homes.

The Jensen beach Golf and Country Club is home to the Eagle Marsh Golf Course.   This is apublic course and all are welcome to play.  Inexpensive membership plans are available along with dining facilities, a snack bar and a pro shop.  More information about the Eagle Marsh Golf Club can be found on their web site.

Homes in the Jensen Beach Golf and Country Club range from smaller 2 BR attached villas of approximately 1300 plus square feet of living area and single car garages to spacious one floor and two story pool homes of just over 2500 square feet with 3 car garages.  In addition to the facilities associated with the Eagle Marsh Golf Club, there are two community pools and an active tennis club with 6 professional courts along with a local pro and active league play.

All of these amenities come at an incredibly attractive HOA fee of around $225 per month and include landscaping, trash pickup as well as basic cable TV service.

The Jensen Beach Golf and Country Club is attractively situated only 2 miles from the Indian River (the Intracoastal Water Way) and quaint downtown Jensen Beach, only across the causeway to the public beach of Jensen beach for those wishing to take advantage of the clear waters of the Atlantic Ocean.  Less than a mile to the west is the Treasure Coast Mall and the shopping and restaurant corridor of US-1.

For those with children, the ‘A’ rated Jensen beach High School is within walking distance from the front gate of the Jensen Beach Golf and Country Club.

Here are the currently available re-sale homes in the Jensen Beach Golf and Country Club

For new home sales from either D.R. Horton or Renar Homes please call 772-323-6996 to arrange a private appointment with a new home specialist.

For any questions you may have about the Jensen Beach Golf and Country Club, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Jensen Beach Florida Real Estate

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

Jensen Beach Golf and Country Club November 2012 Update

Harbour Pointe Palm City

Harbour Pointe Palm City

November 2012 Market Update:

There are only 3 properties currently for sale in Harbour Pointe Palm City, Florida.  Asking prices from $359,900 to $429,900 with an average asking price of $149.00 per square foot of living area.

As of this writing there are no homes under contract.

12 Homes have sold in Harbour Pointe in the past 12 months. Sales prices were from $195,000 (short sale) to $460,000.  The average sales price was $301,000 at $122.20 per square foot of living area.

Harbour Pointe Palm City FL

Harbour Pointe is a gated community of 120 homes in Palm City Florida.  This small and private community features modern homes with open floor plans that have many of the amenities that home buyers have sought after with an ideal location that is the envy of many in Martin County!  Residents enjoy preserve and lake  views in spacious custom designed homes.

Harbour Pointe Palm City FL

Harbour Pointe is close to Palm City Elementary, Hidden Oaks Middle School and Martin County High School, which are among the ‘A’ rated schools of Martin County.  Also close to shopping, restaurants as well as the beaches of Martin County as well as easy access to I-95 and Florida’s Turnpike makes it a commuters dream!

Harbour Pointe Palm City FL Harbour Pointe Palm City FL

 Currently Available Homes and Town Homes in Harbour Pointe

Search the Martin County MLS

For more information about this and other Martin County communities contact:
Gabe Sanders

Palm City Florida Real Estate

Residential Homes, Condos and Land with special emphasis on Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Harbour Pointe Palm City

 

Stuart Condo in Fabulous Location Just Listed

Stuart Condo in Fabulous Location Just Listed

2600 SE Ocean Blvd. Suite KK- 10 has just been placed on the market and is available for immediate occupancy.

Vista Pines in Stuart FL

Spacious 2’nd floor 1 BR 1 and 1/2 Bath condo in Vista Pines. Community features include a 60′ heated pool, shuffleboard, barbecue area, and large clubhouse with billiards, wood working shop, library, dance hall, and exercise facility. Quiet location yet close to front gate. Within walking distance of medical facilities, stores, restaurants, banks and more. Just a short ride to downtown or the beaches; the ‘perfect location’! Make this your full-time home or just come down to escape those cold north ern winters. This is a 55+ community.
It is currently a very attractive time to consider buying a Condo in Vista Pines or the surrounding Martin County communities, 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.

Vista Pines in Stuart FL

Vista Pines in Stuart FL

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Stuart Condo in Fabulous Location Just Listed

Martin County Florida Condo Market Report for October 2012

Martin County Florida Condo Market Report for October 2012

 

Commentary:

The Martin County Florida Condo Market for October 2012 continues to tread water neither getting worse or better.  Sales for October were up to 50 units from a very weak 39 in September.  Just about identical to October 2011 which had 53 sales.  The inventory rose to 574 condos (up 6 from September) which is about 100 condos less than were available last year.  I would not be surprised to see more inventory growth as we get into the upcoming  fall and winter condo season.  The median sales price did take a hit in October , down to $114,750 down from $159,000 for September, but still above last year’s $92,500.

The one month absorption rate is up to 11.5 months, while the three-month average is at 12.7 months.  Still a very challenging market for condo sellers.  But 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 October 2012

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