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

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

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

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

There are currently 165 active listings (Unchanged from March).

47 Residential sales are pending and awaiting close or lender approval (Up 11 from March).

8 Homes Sold in April (Down 14 from March).

The 34996 zip code area of Stuart Florida showed weak sales activity in April as compared to March. Pending sales, however, were up sharply and should reflect an increased number of closed sales in the near future while the inventory remained unchanged in a continued positive trend for this section of the residential single family market in Stuart, Florida.

Comparing the numbers to April of 2011, there were 189 active listings, 27 pending sales and 11 closed sales. This April’s activity is considerably better than last year with the exception of a drop in closed sales.  There appears to be a good future trend for the 34996 section of the Stuart, Florida real estate market.

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

Martin County Florida Condo Market Report for March 2012

Martin County Florida Condo Market Report for March 2012

Commentary:

Unlike the residential segment of the Martin County real estate market, the Martin County Florida Condo Market Report for March 2012 showed modest increases for March of 2012 rather than the explosive growth in the single family segment of the Martin County real estate market.  Sales for March were a respectable 64 units, 19 units less than March of 2011 (83 units)  but higher than February’s 57 units. On a positive note, the median sales price rose to $103,500 from an anemic $85,000 last month.

The inventory rose slightly to 651 condos, which is up from 640 units last month and down from the 721 condos that were on the market in March of 2011.  The one month absorption rate is now at 10.2 months, while the three month average is at 12.4 months.  It remains a challenging market for condos in Martin County. We need to see 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 to 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.

Martin County Florida Condo Market Report for March 2012

the Gabe Sanders real estate team

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

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

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

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

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

There are currently 66 active condo listings. (Down 5 from February)

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

3 Condos Sold in March. (Down 2 from February)

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.   Most of the condos in Palm City are not as attractive to Martin County’s seasonal buyers and tend to be more attractive to a greater number of year-round residents.  This segment of the market currently is treading water with small changes in all categories.

Last year’s numbers for the Palm City (34990 zip code area) Condo market were 65 active listings, 7 pending sales and 5 closed sales.

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Palm City Florida Real Estate presented by:
Gabe Sanders

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

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

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

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

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

There are currently 165 active listings (Down 18 from February).

36 Residential sales are pending and awaiting close or lender approval (Up 1 from February).

22 Homes Sold in March (Up 14 from February).

The 34996 zip code area of Stuart Florida showed very strong sales activity in March.  Pending sales also remained steady and the inventory declined further in a continued positive trend for this section of the residential single family market in Stuart, Florida.  The current absorption rate is under 8 months and is only a small number away from a balanced market.  When factoring in the distressed sales, this is an impressive result for March.

Comparing the numbers to March of 2011, there were 201 active listings, 31 pending sales and 8 closed sales.  This March’s activity is considerably better than last year, especially when one considers that there were almost 25% fewer homes available for sale on the market.  Impressive results!

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

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

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

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

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

There are currently 71 active condo listings. (Up 3 from January)

1 Condo sales are pending and awaiting close or lender approval. (Down 5 from last month)

5 Condos Sold in February. (Up 2 from January)

The 34990 zip code area of the 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 71 currently active listings, it is not a very large market. Last year at this time there were 71 active listings, 9 pending sales, and 3 closed sales as compared to this year’s 1 and 5 respectively. The condo market remains significantly more sluggish compared to the single-family residential market. We are seeing a new normal being established for this smaller segment of the Martin County real estate market.

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Palm City Florida Real Estate presented by:
Gabe Sanders

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

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

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

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

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

There are currently 68 active condo listings. (Up 3 from December)

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

3 Condos Sold in January. (Up 2 from December)

     The 34990 zip code area of the 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 68 currently active listings, it is not a very large market. Last year there were 76 active listings, and the market was more active with 8 pending sales and 2 closed sales compared to this year’s 6 and 3 respectively. The condo market overall remains significantly more sluggish as compared to the single-family residential market but Palm City did see some positive movement for January.

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Palm City Florida Real Estate presented by:
Gabe Sanders

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

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 Real Estate presented by:
Gabe Sanders

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Palm City Florida Market Report ZIP Code 34990 – Condo, 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.

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

Stuart Florida Market Report ZIP Code 34994 – Condo, 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

Summerfield Golf Club Homes in Stuart, Florida

Summerfield Golf Club Homes in Stuart, Florida – Home of the Champions Golf Club

Summerfield Golf Club is located on over 275 acres and hosts a little over 500 single-family homes adjoining the Champions Golf Course.  Selected as one of the top 10 Golf Courses he nation by Golf Magazine in 1995, it is the first public golf course awarded the Audubon Signature Sanctuary Statuary because of its natural beauty.  This Tom Fazio-designed course is open to the public with very reasonable membership fees.  Visit the Champions Course website for more information at http://www.thechampionsgolfclub.com/

The residential section is known as Summerfield Golf Club and is a secured gated community with homes ranging in size from smaller 2 bedroom coach homes of around 1500 square feet up to 5 bedroom estate homes boasting over 3,000 square feet of living area.

Summerfield boasts an exceptionally large community pool and clubhouse with dining and entertainment facilities, a fitness center and a professional 6-court Tennis club.  All of these amenities are available at very reasonable HOA fees, along with the convenience of the on-site manager to handle any issues that may arise.

Very conveniently located near US-1 and Cove Rd, residents can enjoy close proximity to shopping, and medical facilities with downtown Stuart only minutes away and only 30 minutes to the palm Beaches.  Easy access to I-95 where travel to Orlando or Miami is only 2 hours by car.

Summerfield Golf Club Homes for Sale

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Summerfield Golf Club Homes in Stuart, Florida

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

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

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

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

There are currently 59 active listings. (Down 1 from October)

12 Condo sales are pending and awaiting close or lender approval. (Unchanged from October)

2 Condo Sold (A decrease of 7 condos from October)

Last month’s disappointing results for the Jensen Beach condo market report (ZIP Code 34957) has continued into November.  At least the inventory didn’t increase and there were 2 sales this month as opposed to last month’s 1.   Last year at this time, 3 sales, 24 pending sales and 65 active listings.  In the residential segment (single-family homes) of the market, we’ve seen a marked improvement over the past year.  In the condo market, this hasn’t been the case.

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 tend 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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Jensen Beach Florida Real Estate presented by:
Gabe Sanders

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

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

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

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

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

There are currently 60 active condo listings. (Up 1 from October)

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

1 Condo Sold in November. (A decrease of 1 condo from October)

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 60 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.

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

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Palm City Florida Real Estate presented by:
Gabe Sanders

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

Martin County Florida Residential Market Report for October 2011

Martin County Florida Residential Market Report for October 2011

Commentary:

The Martin County Florida residential market report for October 2011 shows some good strength when considering the season.  Sales were off only by 3 homes for a total of 113, almost identical to last year’s 114 single-family sales.  Surprisingly inventory was down by 6 homes from last month (which had a slight rise from August), and off by more than 450 homes since October of 2010 ( or by close to 30%)

The average sales price was up from last year, but down significantly from September.  This doesn’t necessarily reflect a decrease or increase in existing home prices, but more the mix of homes that sold in October.  As in previous tears, late fall sales tend to be of lower-priced homes.   This difference is much more tempered when looking at median prices as opposed to averages.  We will not be surprised to see inventory rising some in the next couple of months as well as having some soft sales volume as we enter the holiday season.  But, with inventory down, for now, rates very low, we may find the market outperforming expectations.

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, homes are selling fast and at or close to market value.

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

Residential Market Report for October 2011 in Martin County, Florida

Gabe Sanders

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

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Jammin’ Jensen in Jensen Beach, Florida

Jammin’ Jensen in Jensen Beach, Florida

If one were to ask any citizen of Jensen Beach what they loved most about their town, many would say the quiet charm of Martin County or the safety of raising children in an ‘A’ rated school community. While both these statements prove extraordinarily true no town is without a special flavor that adds to the uniqueness of its atmosphere. Here, for the locals, that extra kick can be held every Thursday in downtown Jensen Beach which holds their weekly Jammin’ Jensen festivities during which families, merchants, singles, musicians, and craftsmen join together to shop, chat, and have some fun.  

Jammin’ Jensen is held weekly on Thursdays from 6 p.m. to 10 p.m.  One local craftsman who sells jewelry and other impressive accessories proudly state he has been attending Jammin’ Jensen for over five years now. Though snowbirds and tourists from local hotels and beach resorts definitely help the flow of people he also adds that it is the “regulars” and locals that contribute a great deal to the success of Jammin’ Jensen.  Two women running their “Seashore Friends” business, selling “popcorn fashion and fine art”, agree. “It is the regulars”, one smiles over the sound of Bob Seger’s “Old Time Rockin’ Roll” playing by a local band across the street, ”that really add to Jammin’ Jensen, they make it fun!”  With families browsing trinkets at stands, couples dancing to the live bands, and friends laughing at local favorites like Craw Daddy’s, Jammin’ Jensen, located on Jensen Beach Boulevard’s charming downtown streets, is a must for anyone wanting to experience the full fun of Martin County and take part in its unique nightlife.  

Jammin’ Jensen in Jensen Beach, Florida

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The Meadows Homes in Palm City, Florida

The Meadows Homes in Palm City, Florida

Wonderful gated community in the Martin Downs area of Palm City, Florida

The Meadows at Martin Downs is a family-friendly residential community very well situated in Palm City, Florida. There are 832 homes consisting of single-family homes, duplexes, 4-unit townhouses, and 4-unit patio homes. The Meadows community is divided into 6  distinct villages which are named: Greenwich, Lakemont, Mayflower, Brighton, Foxboro and Ridgewood.

The Meadows is a guard-gated community with round-the-clock security.  Residents of the meadows enjoy a large heated swimming pool, a tot pool, a children’s playground adjacent to the pool, basketball, 3 lighted tennis courts, a horseshoe pit and 2 bocce courts.  Near the entrance of the Meadows, between the gatehouse and the fountain, is a 2200-square-foot recreation center, known as The Meadows House, which also houses the administrative offices of The Meadows Homeowners Association.

The Meadows came into existence through the efforts of local developer Peter Cumming who submitted the plans for the community around 1988.  Shortly thereafter, Burg and DiVosta (soon to be just DiVosta) began developing the land in the area called Martin Downs for the soon-to-be-constructed villages of The Meadows.

Divosta started construction on the site known as The Meadows in 1988 by building two structures from which to sell. One was a Single Family home (Hampton) in what is now known as Greenwich Village, and the other was a four-unit Town Home building (Stamford) in what is now known as Lakemont Village. Both types of homes were started in The Meadows at about the same time in 1988.  DiVosta completed the Meadows in 1993 and turned the administration and running of the community to The Meadows Homeowners Association which runs the community through elected officers as well as a full-time support staff.

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The Meadows Homes in Palm City, Florida

Coming Soon – Harbour Pointe Home for Sale in Palm City, Florida

Coming Soon – Harbour Pointe Home for Sale in Palm City, Florida

Wonderful opportunity to enjoy a newer 4 bedroom lakeside home in an upscale gated Palm City community. 2005 DiVosta concrete construction with over 3000 sq. ft. under air.

Spacious master suite upstairs with a connecting junior suite that can be a nursery, office, or a 5th bedroom.  Two additional bedrooms on the 2’nd floor (one oversized – and possible to split into 2 for a 6th BR). The utility room is conveniently located upstairs. Modern kitchen with breakfast bar and dining nook overlooking the screened lanai with hot tub (stays) all with serene lake views. 8′ doors throughout. Low HOA fees. An oversized garage can accommodate large vehicles or possibly a boat. It is conveniently located close to schools, public boat ramps, shopping and the turnpike.

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ABOUT HARBOUR POINTE:

Harbour Pointe is located in gorgeous Palm City.  This gated community features modern homes with open floor plans that have many of the amenities that home buyers have sought, 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 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.  Close to shopping, restaurants as well as the beaches of Martin County as well as Harbor Pointe’s proximity to i-95 and Florida’s Turnpike makes it a commuters dream!

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Palm City Florida Real Estate
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Coming Soon – Harbour Pointe Home for Sale in Palm City, Florida

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

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for June 2011

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

There are currently 167 active listings (down 13 from last month).

33 Residential sales are pending and awaiting close or lender approval (up 2 from May).

6 Homes Sold in May (down 2 from May).

For the second month in a row, sales of existing single-family homes dropped slightly in the 34996 zip code area of Stuart Florida.  Other market statistics are a bit more hopeful as the inventory is down again and pending sales also had a rise.  Considering the poor economic news during the month of June, this is not a bad result.  The market is ready for a turnaround when the economy can start its recovery.

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Stuart, FL Real Estate

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for June 2011

Stuart Florida Real Estate presented by:
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Another Conquistador Condos for Sale in Stuart Florida, SOLD

Conquistador Condos for Sale in Stuart Florida, SOLD

Conquistador is an affordable Stuart treasure.  This unit has the best view of the St. Lucie River in the complex.  This third-floor suite has been recently updated; it is light and bright featuring a 2/2 split plan. Washer/Dryer connections are in place and it is a close walk to the clubhouse which has a new exercise room and an Olympic-size heated pool. The condo is close to beaches, shops, and medical facilities and is next to the 36-hole Martin County Public golf course. There are no pets allowed in this building. This lovely condo was just sold by the Gabe Sanders real estate team for $104,000.
Conquistador is the prime senior location in Stuart Florida. Located on the shores of the wide Saint Lucie River and only minutes from the beaches of the Atlantic Ocean as well as being right next door to the Martin County Municipal Golf Course with easy access to shopping, restaurants, and medical facilities.

Conquistador is a mix of single-family homes (the estates’ section) and 3 story condominiums. The condominiums have access to their own pool areas as well as barbecue areas or the main clubhouse pool.


This is a very active senior community with an active clubhouse with a fitness room, main ballroom, reading library and activities throughout the year. Conquistador is not just a seasonal residence as many owners enjoy the benefits of year-round living in fabulous Martin County with all the amenities that this jewel of the Treasure Coast has to offer.

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


Conquistador Condos for Sale in Stuart Florida, SOLD

Windemere Lakeside Home in Jensen Beach Florida – Sold

Windemere Lakeside Home in Jensen Beach Florida Sold

This 1730 square foot single-family home has 3 bedrooms and 2.0 bathrooms. It is located at 883 NW Sassafras Ter. in Jensen Beach, Florida. This home is in the Martin County School District. The nearest schools are Felix A. Williams Elementary School, Stuart Middle School and Jensen Beach High School.

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Windemere Lakeside Home in Jensen Beach Florida Sold

Jensen Beach Florida Real Estate presented by:
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East Lake Village Home for Sale in Port Saint Lucie, Florida – Sold

East Lake Village Home for Sale in Port Saint Lucie, Florida Sold

Near the heart of Port Saint Lucie’s newly developing Civic Center lies East Lake Village.  This is a wonderful and unique community that is within walking distance to shops and restaurants.  Only minutes from Port St Lucie’s Civic Center,  there’s culture and entertainment that’s right around the corner.  One will never be at a loss for interesting things to do.  East Lake Village is a wonderful new community with a mix of affordable single-family homes and townhomes.  Also, only minutes to the beautiful Atlantic Ocean, truly a great place to call home!

East Lake Village Home for Sale in Port Saint Lucie, Florida Sold

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Port Saint Lucie Florida Real Estate presented by:
the Gabe Sanders real estate team