Stuart Florida Market Report ZIP Code 34996 – Condo, November 2011

12.18.11 by

Stuart Florida Market Report ZIP Code 34996 – Condo, November 2011

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for November 2011

For November 2011 in the 34996 Zip Code area of Stuart, Florida :
There are currently 225 active condo listings (Up 12 from last month).

21 Condo sales are pending and awaiting close or lender approval (A decrease of 3 from October).

14 Condos Sold in November (A decrease of 3 condos from October)

The Stuart condo market for the area in ZIP code 34996 had another month of increased inventory for November. Also, the second month of small decreases in closed and pending sales.  Hopefully, this is just a typical seasonal slowdown as we get into the holiday months. The large increase in inventory is troubling for sellers as this may have significant downward pressure on prices for the coming winter season if this trend continues.

There were a couple of higher-priced sales this past month, which helps the average sales price report and brings those numbers up a bit.  The inventory does remain approximately 20% below the 2010 level, but unfortunately, sales, as well as pending sales, were also down.  The 2012 selling season should start to heat up in the January report (two months from now) and hopefully, the trend will be positive.

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Stuart Florida Market Report ZIP Code 34996 – Condo, November 2011

Stuart Florida Market Report ZIP Code 34994 – Condo, November 2011

12.17.11 by

Stuart Florida Market Report ZIP Code 34994 – Condo, November 2011

Stuart Real Estate Snapshot for ZIP Code 3499, Condo Sales for November 2011

For November 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 146 active condo listings (Up 11 from October).

35 Condo sales are pending and awaiting close or lender approval. (Up 4 from last month)

10 Condos Sold in November (Down 11 units from October).

Unlike the residential market in Martin County, Florida, the Stuart condo market for the area in ZIP code 34994 continues to show some weakness.  While inventory is down significantly from last year’s levels (177 units in 2010 to 146 in 2011), sales were off from the previous month as well as last year.  Inventory has also risen for the past two months.  On a positive note, pending sales were up slightly.  The vast majority of sales in this Stuart (34994 zip code market) are selling in the lower spectrum of the price range.

How much of this market trend can be attributed to the slower holiday season is not known at this point.  In the next few months, the peak season for condos will show what the market can bear for the 2012 Treasure Coast condo sales season.

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Stuart Florida Market Report ZIP Code 34994 – Condo, November 2011

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, November 2011

12.16.11 by

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, November 2011

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for November 2011

For November 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 316 active listings. ( Down 12 from October)

71 Residential sales are pending and awaiting close or lender approval (Up 12 from October)

15 Homes Sold in November (A decrease of 15 homes from last month)

Bucking the trend from the rest of Martin County, the Hobe Sound real estate market (ZIP Code 33455) had a second month of decreasing inventory and increasing pending sales.  Unfortunately closed sales were down by 50% from 30 units (a strong October) to only 15 last month.

Compared to last November, we had 431 active listings, 51 pending sales and 16 closed sales.  Even with a significant decrease in inventory, sales as well as pending sales remain strong.  In addition, recent sales have tended toward more medium and upper-end price ranges which shows many higher-income buyers coming back into the market.

Provided we don’t see a drastic increase in distressed properties (short sales and bank-owned foreclosures), we should be in line for a good performance from the Hobe Sound real estate market in 2012.

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, November 2011

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, November 2011

12.15.11 by

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, November 2011

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for November 2011

For November 2011 in the 34957 Zip Code area of Jensen Beach, Florida :

There are currently 152 active listings. (An increase of 6 from last month)

80 Residential sales are pending and awaiting close or lender approval. (A decrease of 4 homes from October)

16 Homes Sold (Up 10 from October)

The Jensen Beach real estate market (ZIP Code 34957) showed a small increase in inventory this month, yet is still more than 30 homes less than last November, while still having the same number of sales as last year (an increase from last month.  Also almost 30 more pending sales from last November which is a slight decrease from last month. 

Of the closed sales in the past few months, there are a significantly higher number of homes in the medium to upper price ranges as compared to the past few years, showing a renewed interest in the medium and upper end of the market.  Provided the numbers for distressed homes don’t increase in 2012, we should see continued growth and good activity in the Jensen Beach, Florida real estate market.

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Jensen Beach Florida Real Estate presented by:
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Jensen Beach Florida Market Report ZIP Code 34957 – Residential, November 2011

Palm City Florida Market Report ZIP Code 34990 – Residential, November 2011

12.14.11 by

Palm City Florida Market Report ZIP Code 34990 – Residential, November 2011

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for November 2011

For November 2011 in the 34990 Zip Code area of Palm City Florida :

There are currently 468 active listings (Increased 11 homes from October)

144 Residential sales are pending and awaiting close or lender approval. (Increased 6 from last month)

36 Homes Sold in November (A decrease of 5 homes from October)

For the Palm City, zip code 34990, area of Martin County Florida, we had a second month of increasing inventory, although modest in number.  Also an increase in pending sales, but unfortunately a decrease in closed sales.  Comparing the numbers to November of 2010 when there were 608 active listings, 121 pending sales and 40 closed sales, there is significantly less inventory this year, with sales close to equal of last year as well as a higher number of pending sales.  Of the closed sales in the past few months, there are a significantly higher number of homes in the medium to upper price ranges as compared to the past few years, showing a renewed interest in the medium and upper end of the market.

Provided the numbers for distressed homes don’t increase in 2012, we should see continued growth and good activity in the Palm City, Florida real estate market.

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Palm City Florida Market Report ZIP Code 34990 – Residential, November 2011

Stuart Florida Market Report ZIP Code 34996 – Residential, November 2011

12.13.11 by

Stuart Florida Market Report ZIP Code 34996 – Residential, November 2011

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for November 2011

For November 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 173 active listings (Up 12 from October).

28 Residential sales are pending and awaiting close or lender approval (Down 7 from October).

14 Homes Sold in November (Up 9 from October).

The 34996 zip code area pf Stuart Florida had a much better November compared to October up to 14 homes from a low of 5 in October.   Inventory also rose by 12 homes and pending sales were off, possibly reflecting a slowdown of activity during the holiday season.  Buyer traffic is remaining strong as many realize that it is an excellent market for home affordability on Florida’s Treasure Coast.

The numbers for November of 2010 were 210 active listings, 29 pending sales and 5 closed sales.  Sales have almost tripled with less inventory available.  An excellent sign for market recovery which we believe is well underway.  Depending on the status of distressed homes (short sales and bank-owned properties), we wouldn’t be surprised to see prices start to inch up in the near future.

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Stuart Florida Real Estate presented by:
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Stuart Florida Market Report ZIP Code 34996 – Residential, November 2011

Stuart Florida Market Report ZIP Code 34994 – Residential, November 2011

12.12.11 by

Stuart Florida Market Report ZIP Code 34994 – Residential, November 2011

Stuart Real Estate Snapshot for ZIP Code 3499, Residential Sales for November 2011

For November 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 79 active listings (Up 2 from October).

32 Residential sales are pending and awaiting close or lender approval (Down 4 from October).

11 Homes Sold in November (Up 2 from October)

The 34994 ZIP code area of Stuart had a relatively unchanged market from last month.  With inventory up slightly by two homes, pending sales off by 4 and closed sales up by 2.  Comparing the activity to November of 2010 when there were 119 active listings with 32 pending sales and 2 closed sales.   A significantly higher number of sales were completed this year compared to last year even though there were fewer available homes.

With the lower inventory this year, it will be interesting to see what happens as we get into the height of the season in the next few months.

Search here for Stuart Florida Real Estate for Sale

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Stuart Florida Real Estate presented by:
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Stuart Florida Market Report ZIP Code 34994 – Residential, November 2011

Stuart Florida Market Report ZIP Code 34997 – Residential, November 2011

12.10.11 by

Stuart Florida Market Report ZIP Code 34997 – Residential, November 2011

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for November 2011

There are currently 527 active listings (an increase of 8 from October).

198 Residential sales are pending and awaiting close or lender approval (Up 5 from October).

42 Homes Sold in October (Down 5 from October)

Compared to October, the 34997 zip code area of Stuart Florida saw movement in the wrong direction, with inventory up for the second month in a row and both pending sales and closed sales off as well.   Of more interest, compared to November of 2010, inventory is up by about 100 homes, but sales are more than double and pending sales are almost triple last year’s numbers.

So, it appears that we are seeing a seasonal slowing of the market for the holiday season, but numbers are still dramatically higher than last year’s figures.  This is showing great promise for the year ahead.  For those waiting for prices to come back to pre-bubble values, we just don’t believe it will happen any time soon.  Housing is currently at historically affordable levels and those that can afford or qualify are making their moves.  At one point in the future, these low-interest rates are bound to go up making homes less affordable

Search here for Stuart Florida Real Estate for Sale

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Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Stuart Florida Market Report ZIP Code 34997 – Residential, November 2011

Sewalls Point Market Report – Residential, November 2011

12.09.11 by

Sewalls Point Market Report – Residential, November 2011

Sewalls Point Real Estate Snapshot, Residential Sales for November 2011

There are currently 49 active listings (an increase of 6 homes for sale from October)

13 Residential sales are pending and awaiting close or lender approval (Down 1 from October)

3 Homes sold in November (Up 2 from October)

In November of 2011, e saw a slight increase in sales from October in the Sewalls Point, Florida real estate market.  Of note is that two of these sales were in the higher price ranges of just under $900,000 for a nonwaterfront home and above $1,200,000 for an older waterfront home.  Inventory crept up a little from last month while pending sales remain virtually unchanged (down 1).

Interestingly the active and pending numbers are almost identical to last November, but sales are up as has been the trend for most of this year.  If sales continue at the pace of last year, we may very well find a significant decrease in inventory as well as a lack of well-priced homes on Sewalls Point.  In our experience with this market, it will be difficult to convince buyers to pay a large premium for the privilege of living in this desirable neighborhood, so we may see some slowdown if the inventory doesn’t keep pace.

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Sewalls Point Florida Real Estate presented by:
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Sewalls Point Market Report – Residential, November 2011

Home for the Holidays at the Lyric Theater in Stuart, Florida

12.07.11 by

Home for the Holidays at the Lyric Theater in Stuart, Florida

 
Adding to the Christmas cheer in Martin County, Florida, the critically acclaimed singer, Terry Barber returned to the Lyric Theater for the one-night performance of “Home for the Holidays”, on Dec 6th, giving the people of Stuart an enjoyable evening of wonderful holiday music.
Terry Barber, who was accompanied by Lorrianna Colozzo, a Treasure Coast Soprano, enchanted the audience with his celebrated singing style that has been heard in numerous concert halls across the nation including Metropolitan Opera, Carnegie Hall and Avery Fisher Hall. Performing a mixture of standard holiday songs such as “O Holy Night” to more modern tunes such as “Baby it’s Cold Outside” the duo has also invited the national award-winning Jensen Beach High School’s “Jubilate” Choir to accompany them in some heartwarming audience participation standards that got everyone into the spirit of the season.
The Lyric Theater is a not-for-profit organization whose mission is to enhance the cultural arts of the Treasure Coast.  Originally built and opened in 1925, the Lyric Theater began as a silent movie house.  Now, it’s a 500-seat intimate theater with a diverse lineup of entertainment throughout the year.  The Lyric Theater has been named to the National Register of Historic Places.

Home for the Holidays at the Lyric Theater in Stuart, Florida

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Sugarhill Homes in Jensen Beach

12.05.11 by

Sugarhill Homes in Jensen Beach

Sugarhill is an eye-pleasing high-elevation neighborhood filled with upscale homes in Jensen Beach. All homes have very spacious yards that are surrounded by gorgeous Florida foliage. Most homes are timeless architectural works of beauty! Houses range from 2 to 5 bedrooms and 2 to 5 bathrooms, so whatever size you are looking for, Sugarhill is sure to have it. The neighborhood is located just minutes from all that Jensen Beach has to offer, like the beautiful stretches of beach on Hutchinson Island, the fantastic shopping at the Treasure Coast Square Mall, many restaurants you are sure to love, and our ‘A’ rated schools for all grade levels!

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Sugarhill Homes in Jensen Beach

Westwood Country Estates in Palm City

12.04.11 by

Westwood Country Estates in Palm City

Westwood Country Estates is a wide open, gorgeous community that features statuesque homes that are beautifully placed on oversized lots of ½ acre or more, which will give you and your family plenty of room to grow!  Wonderfully landscaped throughout, Westwood Country Estates will make you feel proud to come home.  Every home is unique and there is sure to be one you will fall in love with!

Palm City is a great place to raise a family with its “A” rated schools and proximity to I-95 and Florida’s Turnpike which opens you to all the opportunities of both Martin County and its neighbors, just a short drive North or South!  Martin County has lots of recreational areas and opportunities to enjoy many opportunities outdoors with your family!

Westwood Country Estates Homes for Sale

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Palm City Florida Real Estate presented by:

the Gabe Sanders real estate team

Jensen Beach Country Club Homes for Sale

12.02.11 by

Jensen Beach Country Club Homes for Sale

The Jensen Beach Country Club and its associated golf course, Eagle Marsh is located in Martin County north of West Palm Beach between Jupiter and Port St. Lucie along Highway 1 near St Lucie Inlet and the Atlantic seacoast. It is just minutes from both the Florida Turnpike and I-95. This once quiet Oceanside town is fast becoming the area’s center for arts, entertainment and recreation with a wide variety of restaurants and shopping to choose from.

Jensen Beach Country Club is truly an oasis nestled in the heart of Jensen Beach with over half of its total acreage dedicated to nature preserves and a championship Tommy Fazio golf course. The community has two clubhouses one featuring a Golf Pro Shop and restaurant with the second showcasing a community swimming pool, tennis courts and facilities for dancing and private parties.

Eagle Marsh is proud to be part of the community and is proud of the organizations surrounding the Golf Course as a whole. Our membership is comprised of some of the finest people around and our members have proven to be supportive, enthusiastic and fun.

The members of Eagle Marsh Golf Club have worked hard to establish and organize both the Men’s Golf Association and the Women’s Golf Association, where throughout the year, enjoy many events and outings which are elegant, exciting and sometimes competitive. Eagle Marsh Golf Club is proud to be considered home for the associations and looks forward to what the future holds.

Eagle Marsh Golf Club is an 18-hole regulation-length golf course. This medium-length layout features 5 sets of tee boxes for the enjoyment of golfers of all skill levels.

Jensen Beach Country Club Homes for Sale

For more information, visit our website or call us at (772) 888-2885.
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Jensen Beach Florida Real Estate presented by:

the Gabe Sanders real estate team

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, October 2011

11.30.11 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, October 2011

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for October 2011

For October 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 42 active condo listings. (Up 4 from last September)

3 Condo sales are pending and awaiting close or lender approval. (Down 3 from September)

2 Condos sold in October (Up from 0 sales in September)

The Hobe Sound condo market (Zip Code 33455) is a very small segment of both Hobe Sound real estate as well as the condo market on the Treasure Coast.  While inventory increased in October, it is still fairly low, but demand is also slack in this part of the local condo market.  With demand being so low, and high inventories in the surrounding areas, we don’t see any appreciable pressure on prices to rise in the coming months.  Should activity increase significantly in the neighboring activities, we then will predict some rising values for the Hobe Sound condo market.

Search here for Hobe Sound Florida Real Estate for Sale ( Condos)

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Hobe Sound Florida Real Estate presented by:
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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, October 2011

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, October 2011

11.29.11 by

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, October 2011

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for October 2011

For October 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 328 active listings. ( Down 20 from September)

59 Residential sales are pending and awaiting close or lender approval (Up 11 from September)

30 Homes Sold in October (An increase of 9 homes from last month)

The Hobe Sound real estate market (ZIP Code 33455) had a surprisingly strong October.  After a disappointing September, all of our indexes moved in a positive direction for a strong market.

Inventory decreased, homes under contract increased and closed sales showed an increase as well.  We are expecting a bit of a slowdown as we enter the holiday season, but time will tell, as the October Hobe Sound results were a bit of a surprise.

This will be an interesting season to watch!

Search here for Hobe Sound Florida Real Estate for Sale

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Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, October 2011

Stuart Florida Holiday Tree Lighting

11.29.11 by

Stuart Florida Holiday Tree Lighting

While it’s known as ‘Black Friday’ in most of the country, November 25th is the official start of the Christmas Season in Martin County, Florida.   The Christmas tree lighting festival occurs every year on Main Street and attracts many local families with its “kid-friendly” appeal.  This annual festival is complete with a small quartet singing Christmas carols to the audience and passers-by in Downtown Stuart.  Special visits from Santa and Mrs. Claus, assisted by the Martin County High School Tigerrette cheerleaders as the helper elves, captivated both the young and the young at heart.  Adding to the fun was a “live manger” petting zoo, ornament decorating as well as face painting.

And the event isn’t just for the people of Martin County either, a young family from Maine that attended, laughed that “as snowbirds, we love the weather of Stuart during the holidays, but it’s also a real sense of community that this little town has”.  This family of four has been bringing their two children to the tree lighting in Downtown Stuart for the past five years now.  And because the Stuart tradition does fall on Black Friday many Downtown restaurants welcome tired shoppers with deals for the whole family adding something to really celebrate about.  Truly a unique and charming event the tree lighting in Downtown Stuart certainly brings a wonderful sense of community for our residents, friends, family and visitors, all excited for the beginning of the holiday season.

Stuart Florida Holiday Tree Lighting

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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, October 2011

11.28.11 by

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, October 2011

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for October 2011

For October 2011 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
(Due to technical difficulties the September Market Snapshot data was unavailable)

There are currently 60 active listings. (Up 5 from September)

12 Condo sales are pending and awaiting close or lender approval. (Up 2 from September)

1 Condo Sold (A decrease of 7 condos from September)

Very disappointing results for the Jensen Beach condo market report (ZIP Code 34957).  Only 1 closed sale, a decrease in pending activity as well as an increase in supply (active listings).   Typically we are now in the slow season for this segment of the Martin County real estate market.  We may see some more rise in inventory before the activity starts to pick up, typically in the new year.  We think that the secondary vacation market for condos is currently very dependent on consumer confidence and should do well if the economy picks up.

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Jensen Beach Florida Real Estate presented by:
the Gabe Sanders real estate team

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, October 2011

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, October 2011

11.27.11 by

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, October 2011

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for October 2011

For October 2011 in the 34957 Zip Code area of Jensen Beach, Florida :

There are currently 146 active listings. (A decrease of 7 from last month)

84 Residential sales are pending and awaiting close or lender approval. (An increase of 4 homes from September)

6 Homes Sold (Down 13 from September)

The Jensen Beach real estate market (ZIP Code 34957) had disappointing closed sales numbers for October.  However, inventory declined and pending sales (homes under contract but not yet closed) were up.  This is showing a fairly stable market for this time of year.  As we head into the holiday season, numbers should remain modest as activity tends to decrease at this time of the year.  We should see a gradual increase beginning in January.

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Jensen Beach Florida Real Estate presented by:
the Gabe Sanders real estate team

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, October 2011

Palm City Florida Market Report ZIP Code 34990 – Condo, October 2011

11.26.11 by

Palm City Florida Market Report ZIP Code 34990 – Condo, October 2011

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for October 2011

For October 2011 in the 34990 Zip Code area of Palm City, Florida :

There are currently 59 active condo listings. (Down 2 from September)

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

2 Condos Sold in October. (An increase of 1 condo from September)

Unlike the rest of Martin County, the Palm City condo market report (ZIP Code 34990) had a decrease in inventory from last month.  Unfortunately, pending sales are very slow as well as closed or completed sales.  The Palm City condo market is slightly different from the rest of the county as the mix tends to favor more year-round residents and is less prone to the seasonal inventory increase we typically experience during the holiday season.

As long as the inventory doesn’t increase appreciably this should be a good winter for Palm City condo sales, though prices will not see an increase as of yet due to competition from the neighboring areas as well as the number of distressed sales on the market. Should the inventory increase, pricing pressure may lead to some continued decreases.

Search here for Palm City Florida Real Estate for Sale ( Condos)

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

For more information, visit our website or call us at (772) 888-2885.
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Palm City Florida Market Report ZIP Code 34990 – Condo, October 2011

Martin Count High School Girls Volleyball Team – State Champs

11.26.11 by

Martin Count High School Girls Volleyball Team win the Florida State Championships

Setting a new record in its athletic history, Martin County High School Girls Volleyball team recently won their second 5A State Championship in three years.  Volleyball is a very popular sport in the Martin County and Jensen Beach High Schools, and the two teams are extremely competitive.  These young ladies practice year-round in their club divisions so they can become better players for their teams and help them at the top of their divisions. The Martin County High School Girls Volleyball team has now accomplished this lofty feat twice, making the school a sought-after place for future stars.

Mallori Moffat, a senior team captain of the Martin County Tigers (number 3) comments “it is so amazing to be on a team with all of these girls for so long and coming out with a state championship only makes it that much better!” Moffat plays one of the most difficult positions on the court as a setter and hopes to get a scholarship to play in college next year, with an excellent chance, now that she helped lead her team to the state championship.

With their tournament starting on Friday the Tigers went up against Saint Thomas Aquinas for the semifinals and won in three out of five games match. The next morning they played against Winter Springs in a passionate and tense match coming out strong in match by winning three out of four games to claim their title as State Champions.

Proudly celebrated by friends and family the Martin County Tigers volleyball team brings home not only a huge victory for themselves but also for their school and to Martin County as the deserving champions. 

For more information, visit our website or call us at (772) 888-2885.
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