Pipers Landing in Palm City Florida

Pipers Landing in Palm City Florida

A true world-class golfing community in Palm City with just 302 homes on 600 acres of pristine Florida natural preserve and lushly landscaped grounds.  This is a waterfront community with deep water ocean access dockage that can accommodate yachts up to 75′.

This is an equity golf course community (membership is mandatory).  Championship Joe lee designed course (6,832 yards) offering five different levels of play for all abilities.  Homes include spacious condos to spacious waterfront estate homes.  All this is in beautiful Martin County, Florida, which boasts an abundance of beautiful waterways and quaint historic areas to experience and enjoy.

Search for Pipers Landing Homes and Condos in Palm City Florida

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Palm City Real Estate is presented by:
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Pipers Landing in Palm City Florida

Suntide Condos on Hutchinson Island in Stuart Florida

Suntide Condos on Hutchinson Island in Stuart Florida

Located on Hutchinson Island in uncrowded and unspoiled Martin County, the  Suntide Building is one of the premier oceanfront condos in Stuart, Florida.  Boasting truly fine amenities with a protected pool, private beach access, and hard-to-find under-building protected parking.  There’s a full clubhouse with a fitness center, pool table, card room, library, full kitchen, and reading room.

Suntide has all two-bedroom, two-bath condos that come in four different configurations and sizes.  The largest of these features an office, and sitting room than can possibly double as an extra bedroom.  Many units have direct and unspoiled ocean views.  One of the best-run associations in Stuart, this fine complex is always a desirable destination for those who have made it their permanent residence and those who enjoy it as a vacation getaway.

The Hutchinson House condos are one of the few condo developments that are pet friendly and allow for up to 2 large pets.  Please call or view the search link below for currently available Hutchinson House condos.

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Suntide Condos on Hutchinson Island in Stuart Florida

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

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

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

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

There are currently 37 active condo listings. (Down 3 from last November)

7 Condo sales are pending and awaiting close or lender approval. (Up 1 from November)

 5 Condos Sales closed in December (Up from zero sales in November)

The Hobe Sound condo market (Zip Code 33455) is a very small segment of both Hobe Sound real estate as well as the smallest condo market on the Treasure Coast.  December did show promising results though and this segment departed from the rest of Martin County by positive numbers in a decreased inventory and 5 sales when there were none in November. Compared to last year, where there were 40 listings, 3 pending sales, and 5 closed sales, the market has not changed much for Hobe Sound.

Hopefully, we’ll see some improvement in sales in the coming months, but as long as the inventory stays this small, we just don’t see any appreciable rise in numbers. Most of this product is in the lower price ranges, where we expect to see activity.

 

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

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

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

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

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

There are currently 330 active listings. ( An increase of 14 homes from November)

58 Residential sales are pending and awaiting close or lender approval (A decrease of 13 homes from November)

28 Homes Sold in December (An increase of 13 homes from last month)

 Along with most of Martin County, the Hobe Sound real estate market (ZIP Code 33455) had increasing inventory and decreasing pending sales from last month. Closed sales were the bright note, as 28 homes were sold in December, an increase of 13 homes from November.

Compared to last December, we had 374 active listings, 47 pending sales, and 28 closed sales.  Closed sales were equal to last year, with about 10% less active inventory and pending sales were lower as well.

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, December 2011

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

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

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

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

There are currently 65 active condo listings. (Up 5 from November)

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

1 Condo Sold in December. (Unchanged from November)

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 townhomes. With only 65 currently active listings, it is not a very large market.  Last year at this time there were 78 active listings, and the market was more active with 5 pending sales and 6 closed sales as compared to this year’s anemic 3 and 1 respectively. The condo market overall remains significantly more sluggish as compared to the single-family residential market.

Speculating on the reasons for this could be the current low prices of single-family units. The difficulty of obtaining financing for condos in this lending environment and the nervousness regarding the economy and future are being felt by the more senior set that tends to go for the condo type of housing. Condo sales tend to be more active after the holidays and we will hopefully see an increase in activity following the holiday season.

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

Martin County Florida Condo Market Report for December 2011

Martin County Florida Condo Market Report for December 2011

Commentary:

After a small retreat in November, the Martin County Florida condo market report for December 2011 posted some solid numbers.  Sales for December were up to 52 units, down from December of 2010 of 54 units but better than November’s anemic 35.  Both median and average sales prices were up, but this is not an indication of rising prices, unfortunately, but rather the mix of condos that sold in December.  Currently, some of the more moderate-priced condos are selling, which is driving these averages up.

The inventory is now down to 673 condos, which is down from 676 last month and from 780 in December of 2010.  A decreased inventory generally will trigger an increase in demand as the supply of existing units just isn’t available increasing the urgency for buyers.

Unfortunately, the absorption rate remains troubling on the higher end, with December’s one-month value of 13 months and the three-month moving average of 14.3 months.  We need to get the absorption rate below 9 months for a healthy market and down to 6 or 7 months to be considered a balanced one.

The big uncertainty that remains is the economy. We believe that if we have any sustained good news, we will see a pretty good rush on the market which will be a nice change from the present. For the longer term, even though we have the best mortgage rates in history at the moment, inflation is making news and this is not good for rates down the line. The Fed. is working hard to keep rates down, but for how long, we’re just not too sure.

Our outlook for Martin County is fairly positive as for buyers, prices and rates remain very attractive. For sellers, it doesn’t look like we’re going to see any significant improvements soon, so if you need to sell, you may be better off now than possibly in the near future.

Click on the individual charts to see charts in expanded mode.

Condo Market Report for December 2011 in Martin County, Florida

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 December 2011

Martin County Florida Residential Market Report for December 2011

Commentary:

The Martin County Florida residential market report for December 2011 ends the year on a very positive note.  Sales volume (160 units) was up as compared to both last year (148) and last month (135).  The one-month absorption rate is down to just under 9 months.  This is the best value for a December time period since the current housing difficulties started.

The average sales price was down slightly from last year, while the median is up by a little.  Basically, for the market as a whole, it appears that prices have stabilized. Listing prices for December were up (both average and median) as sellers felt that the market has strengthened and are trying to get the best possible value for their homes.  It remains to be seen if they will be successful.   This was another month of increasing inventory as we are up to 1426 homes available compared to 1364 in November, but still better than the 1800 home inventory we had in December of 2010, and considerably down from the peak of 2980 homes in March of 2007.

Our outlook for Martin County remains cautiously optimistic as prices and rates remain at historic low levels. For sellers, homes are selling, and if priced and presented optimally, they are going quickly.  Buyers are seeing historically low-interest rates and very affordable quality homes in almost all price ranges.

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

Click on the individual charts to see charts in expanded mode.

Residential Market Report for December 2011 in Martin County, Florida

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, visit our website or call us at (772) 888-2885.
Our market reports are here!

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

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

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

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

There are currently 478 active listings (Increased by 10 homes from November)

114 Residential sales are pending and awaiting close or lender approval. (A decrease of 30 homes from last month)

57 Homes Sold in December (An increase of 21 homes sold from November)

For the Palm City, zip code 34990, area of Martin County Florida, it was a strong month for closed sales.  Unfortunately, it was also the second month of increasing inventory (active listings) and also a decrease in pending sales for the future.  Comparing these numbers to December of 2010, when there were 577 active listings, 110 pending sales and 45 homes sold, we are in a better position in all categories.  With the height of the snowbird season coming, we should see some increase in activity.  The Palm City market, however, is not as seasonally influenced as our more coastal areas as this market is heavily influenced by family areas that tend not to be as seasonal, with an increase in activity normally more towards the spring and summer seasons.

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

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

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

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

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

There are currently 65 active listings. (Up 6 from November)

11 Condo sales are pending and awaiting close or lender approval. (Down 1 condo from November)

6 Condo Sold (An increase of 4 condos from November)

After two months of disappointing results for the Jensen Beach condo market report (ZIP Code 34957), we’ve had a slight improvement for December.   Inventory, unfortunately, has also been creeping back up which will continue to exert some strong negative price pressures.  There does appear to be increasing activity as the season approaches and we’ll see if the market picks up for 2012.

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

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

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

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

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

There are currently 279 active listings. (An decrease of 3 homes from last month)

75 Residential sales are pending and awaiting close or lender approval. (A decrease of 5 homes from November)

25 Homes Sold (Up 9 from November)

The Jensen Beach real estate market (ZIP Code 34957) showed a small decrease in inventory this month, yet are still more than 40 homes less than last December, while having a greater number of sales than last year (an increase from last month).  Also almost 20 more pending sales than last December 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 Market Report ZIP Code 34957 – Residential, December 2011

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

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

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for December 2011

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

There are currently 153 active condo listings (Up 7 condos from November).

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

13 Condos Sold in December (Up 3 units from November).

The Stuart condo market for the area in ZIP code 34994 continues to show some weakness but had better results than in November of 2011.  The inventory continued to increase, pending sales remained unchanged and the sales were up by 3 condos.  Compared to December of 2010, when there were 177 active listings, 46 pending sales and 19 closed sales, this segment of the condo market is continuing to struggle, especially as compared to the equivalent single-family market in the area.

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.

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

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Stuart Florida Real Estate presented by:
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Stuart Florida Market Report ZIP Code 34994 – Condo, December 2011

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

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

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for December 2011

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

There are currently 87 active listings (Up 8 from November).

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

7 Homes Sold in December (Down 4 homes from November)

The 34994 ZIP code area of Stuart had a fairly slow month of December. With inventory up by8 homes, pending sales were off by only 1 and closed sales were off by 4 homes. Comparing the activity to December of 2010 when there were 114 active listings with 37 pending sales and 14 closed sales. A significantly lower number of sales were completed this year compared to last year with less available inventory.

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

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

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

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

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

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

There are currently 226 active condo listings (Up 1 from last month).

19 Condo sales are pending and awaiting close or lender approval (A decrease of 2 condos from November).

12 Condos Sold in December (A decrease of 2 condos from November)

Surprisingly, the Stuart condo market for the area in ZIP code 34996 had a small decrease (or basically unchanged inventory from last month.  It will be interesting to see if this trend continues as many condo sellers tend to place their units on the market as the season begins to heat up during December and January.   There were slight decreases in both pending and closed sales. 

Compared to the end of last year in December of 2010, the numbers were  259 active listings, 46 pending sales and 20 closed sales.  Unlike many other segments of both our single-family and condo markets here on the Treasure Coast and particularly in Martin County, this segment of the Stuart condo market is not faring nearly as well as last year.

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

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

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

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

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

There are currently 179 active listings (Up 6 from November).

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

10 Homes Sold in December (Down 4 from November).

The 34996 zip code area 0f Stuart Florida had a slow December with all results moving in the wrong direction.  Hopefully, this is a short-term reflection of a  slowdown in activity during the holiday season.

Comparing the numbers to December of 2010, there were  192 active listings, 32 pending sales and 5 closed sales.  The sales rate is higher, but less pending sales and less inventory.  If this trend continues, with less supply and greater demand, I expect prices to become more stabilized as long as there are no large numbers of distressed homes coming on the market which tend to be priced below market value and depreciate the market in general.

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

Hutchinson House Condos on Hutchinson Island in Stuart Florida

Hutchinson House Condos on Hutchinson Island in Stuart Florida

Located on Hutchinson Island in uncrowded and unspoiled Martin County, the Hutchinson House Condo complex is an ocean to Intracoastal complex with a variety of styles and views offering wonderful amenities that include ocean access docks, clubhouse, pools, spa/jacuzzi, tennis and a private beach.

Hutchinson House consists of 121 Condos, with the Ocean Side being Hutchinson House East and the riverside being called Hutchinson House West.  Both sides offer 2 and 3 bedroom condos with 2 or more bathrooms.  Many with spectacular views of the river and the crystal clear blue waters of the Atlantic Ocean.

The Hutchinson House condos are one of the few condo developments that is pet friendly and allow for up to 2 large pets.  For currently available Hutchinson House condos please call or view the search link below.

Search for Hutchinson House Condos on Hutchinson Island in Stuart Florida


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Hutchinson Island Real Estate is presented by:
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Stuart Florida Market Report ZIP Code 34997 – Condo, December 2011

Stuart Florida Market Report ZIP Code 34997 – Condo, December 2011

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2011

For December 2011 in the 34997 Zip Code area of Stuart, Florida :

There are currently 106 active condo listings (A decrease of 13 condos form November).

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

15 Condos Sold in June (An increase of 10 condos from November).

A strong end of the year for the Stuart condo market for the area in ZIP code 34997.  Inventory decreased and sales tripled from the month before.  Pending sales were off slightly.

Compared to last year’s numbers when there were 177 active listings, 46 pending sales and 6 closed sales, we can see the inventory is considerably less, with fewer pending sales but increased closed sales. With condo prices being low as well as interest rates at historically low levels, it’s definitely a good time to buy and it looks like for this segment of the Stuart Florida condo market, people have been doing just that in December of 2011.

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Stuart Florida Real Estate presented by:
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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2011

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

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

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

There are currently 522 active listings (a decrease of 5 homes from November).

176 Residential sales are pending and awaiting close or lender approval (A decrease of 22 homes from November).

78 Homes Sold in November (Up 36 homes from November)

A very strong month for December in the 34997 zip code area of Stuart Florida.  Sales almost doubled by the end of the year.  Inventory was down and the only negative report shows pending sales were down.

Compared to December of 2010, the inventory is down by approximately 50 homes or 10%.  Less supply should be a catalyst for greater demand.  Lower supply should also help stabilize prices.  There were 155 pending sales in 2010 compared to the 176 this year (Dec 2011) and there were 47 homes sold in Dec 2010 as compared to the 78 last month.  Very strong results that may very likely continue into 2012 as the economic outlook appears to be more positive.  With renewed optimism, I see a strong market in the future for the Stuart 34997 zip code area.

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

Sewalls Point Market Report – Residential, December 2011

Sewalls Point Market Report – Residential, December 2011

Sewalls Point Real Estate Snapshot, Residential Sales for December 2011

There are currently 58 active listings (an increase of 9 homes for sale from November)

8 Residential sales are pending and awaiting close or lender approval (Down 5 from November)

5 Homes sold in December (Up 2 from November)

In December of 2011, we saw a slight increase in sales from November in the Sewalls Point, Florida real estate market.  Most of the sales for December were solidly in the mid-price category for Sewalls Point real estate. Inventory was up by 9 units which is close to a 20% rise while pending sales were off by 5 homes.

Comparing the results to December of 2010, the inventory is down from 67 homes, pending sales were 9 last year and 4 homes sold.  Other than a lower inventory, the numbers are almost identical to a year ago.

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Sewalls Point Market Report – Residential, December 2011

High Point in Sewalls Point, Florida

High Point in Sewalls Point, Florida

Located on the southern tip of Sewalls Point, High Point and High Point Isles is an oasis of beautiful homes on high elevation lots yet just minutes away from the clear blue waters of the Atlantic ocean.
High Point Isles is the eastern section of the High Point peninsula and consists of all waterfront homes in the Intracoastal Waterway and within sight of the Saint Lucie Inlet for access to the Atlantic.  Ringing the south and west circumference of High Point are additional waterfront estates with deep water, high elevation and spectacular views of the Saint Lucie and Indian Rivers.  The interior lots in High Point feature ample room, many have water views and all of this is in the prestigious town of Sewalls Point.
The link below will take you to all currently available High Point homes in Sewalls Point, Florida

Search for High Point Homes for Sale

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Sewalls Point  Real Estate is presented by:

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High Point in Sewalls Point, Florida

The Archipelago in Sewalls Point, Florida

The Archipelago in Sewalls Point, Florida

Located in the prestigious town of Sewalls Point, Florida the Archipelago is a nongated neighborhood of all waterfront homes with access to the crystal clear waters of the Atlantic Ocean through the Saint Lucie Inlet in Martin County, Florida.  All the homes in the Archipelago are on either the wide waters of the Indian River or located on deep water canals.  The Saint Lucie Inlet to the Atlantic is less than two miles away by water.  Access is maintained by dredging all Archipelago waterways to 6’.  Homes range from modest older frame homes to spectacular estate lots with magnificent views.

The link below will take you to all currently available Archipelago homes in Sewalls Point, Florida

Search for Archipelago Homes for Sale

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Sewalls Point  Real Estate is presented by:

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The Archipelago in Sewalls Point, Florida