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Palm City FL 34990 Condo Market Report January 2018

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for January 2018

For January 2018 in the 34990 Zip Code area of Palm City, Florida :

There are currently 102 active condo listings. (Increased by 1 condos from December)

9 Condo sales are pending and awaiting close or lender approval. (Down by 7 condos from last month)

15 Condos Sold in January. (Up by 5 condos from December)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. For January the market activity showed some positive gains with a nice increase in closed sales. Unfortunately, pending sales were down which may indicate fewer closed sales in the coming months.

The current absorption rate for condos in the 34990 zip code area dropped to 6.8 months (was 10.1 months in July). Into a balanced market for Palm City condominiums. A balanced market is considered to be an absorption rate of around 6 to 7 months.

The January 2017 numbers were: 91 active listings, 8 pending sales, and 5 closed sales. Considerably better activity this year with a higher inventory of available condos for sale.

Palm City FL 34990 Condo Market Report January 2018

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Palm City FL 34990 Condo Market Report January 2018

Mariner Village February 2018 Real Estate Market Report

02.19.18 by Gabe Sanders

Mariner Village February 2018 Market Report

For February 2018, there are 2 homes for sale in the Mariner Village gated community of Stuart FL. Listing prices are $329,900 and $339,900 for an average list price of $334,900 which equals $167.31 per sq. ft. of living area.

There are currently 4 homes with pending sales that have not closed to date. These homes were listed for prices that ranged from $275,500 up to $310,000 for an average list price of $294,875 or $162.43 per sq. ft. of living area. These homes averaged 32 days on market before going under contract.

In the past 12 months, 24 homes have sold in Mariner Village. Sales prices ranged from a low of $250,000 up to a high of $325,000 for an average sales price of $286,788 which works out to $155.23 per sq. ft. of living area. These homes sold for an average of 96% of the last list price and were active on the market for an average of 61 days prior to going under contract.

About Mariner Village:

Mariner Village is a gated community in the very southern section of Stuart FL, adjacent to the Hobe Sound area of Martin County. This community consists of 330 homes that were built between 1992 and 2000. Home sizes range from 2 bedrooms, 2 bath homes with around 1,600 sq. ft. of living area up to 5 bedrooms, 4 bathroom homes with just under 3,000 sq. ft. of living area.

Many homes have private preserve views and there are a number of homes with lake views. All Mariner Village homes have 2 car garages and some have private in-ground swimming pools.

Community amenities include a heated pool, 2 tennis courts, and 2 basketball courts as well as a nature trail through the preserves.

The HOA fees include front lawn maintenance, basic Cable TV, trash pickup and maintenance of all the common areas. 2 large pets are permitted as well as rentals with some restrictions.

Mariner village is conveniently located close to shopping, restaurants, beaches, medical facilities and belong to Martin County’s ‘A’ rated school system

Mariner Village February 2018 Real Estate Market Report

Anglers Cove Condos February 2018 Market Report

02.18.18 by Gabe Sanders

Angler Cove Condos February 2018 Market Report

There are currently 2 Angler Cove condos available for sale. List prices are $259,000 and $475,000 for an average list price of $367,000 which equals $243.54 per sq. ft. of living area.

There is 1 condo under contract at this time in Angler Cove. It was listed for $264,900 which is $243.03 per sq. ft. of living area. This condo was on the market for 333 days prior to going under contract.

In the past 12 months there have been 5 sales. Sales prices ranged from $269,000 up to $365,000 for an average sales price of $304,667 which works out to $216.69 per sq. ft. of living area. The list to sales prices averaged at 92%. These condos averaged 83 days on market before going under contract.

(Please consider that some condos in Angler Cove have deeded docks and some don’t. This can add to the wide disparity of both listing and sales prices)

About Angler Cove on Hutchinson Island in Stuart FL:

Angler Cove Condos on Hutchinson Island in Stuart Florida is a unique complex with 12 buildings amd 64 units surrounding a man made cove with deep water dockage for the boating enthusiast.

Units include spacious two bedroom units as well as a number of larger three bedroom townhome style homes. Two buildings on the west side of the complex offer spectacular wide river views of the Intracoastal Waterway (Indian River).

Most first floor units offer dockage just steps outside the living area. Some second floor units have docks available throughout additional spaces in the cove as well as larger docks built out into the Indian River.

Amenities include a full time on-site manager and maintenance man. A clubhouse with a large community pool, barbecue areas and some limited boat parking and deeded beach access.

Very well located just minutes to downtown Stuart Shopping, restaurants and all other services just a short distance away. An excellent place to call home or to have a Florida get-away for those cold winters up north!

Condo association fees vary from $450 to $560 per month. The fees include Basic Cable Tv, Landscape/Lawn care, On Site Manager, Reserve Fund, Trash, Water and Sewer.

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Stuart Florida Real Estate

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

Angler Cove Condos February 2016 Market Update

Palm City FL 34990 Residential Market Report January 2018

02.16.18 by Gabe Sanders

Palm City FL 34990 Residential Market Report January 2018

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for January 2018

For January 2018 in the 34990 Zip Code area of Palm City Florida :

There are currently 416 active listings (Increased by 35 homes from December)

113 Residential sales are pending and awaiting close or lender approval. (Up by 17 homes from last month)

48 Homes Sold in December (Down by 18 home from December)

The Palm City FL, zip code 34990 residential real estate market showed a large drop in closed sales to start the year. But both inventory, as well as pending sales, rose which should result in more sales in the coming months.

The monthly absorption rate jumped up to 8.7 months from 5.8 months in December. Into a buyer’s market for the Palm City zip code 34990 area for residential sales for the first time in a while. A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The January 2017 numbers were: 421 active listings, 125 pending sales, and 52 closed sales. Slightly better activity last year, but not by much.

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Rental Properties

Rental Properties for Rent in Palm-City, Florida Between $0 – $500,000

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Palm City FL 34990 Residential Market Report January 2018

Stuart FL 34997 Condo Market Report January 2018

02.15.18 by Gabe Sanders

Stuart FL 34997 Condo Market Report January 2018

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2018

For January 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 56 active condo listings (Down by 1 condo from December).

Stuart FL 34997 Condo Market Report January 2018

35 Condo sales are pending and awaiting close or lender approval (Up by 18 condos from December).

Stuart FL 34997 Condo Market Report January 2018

8 Condos Sold in January (Decreased by 11 condos from December).

Stuart FL 34997 Condo Market Report January 2018

The Stuart FL condo market for zip code 34997 Had a significant reduction of closed sales along with a very strong number of new pending sales indicating much better closed volume for the near future.

The absorption rate jumped up to 7.0 months in January compared to 3.0 months for December. Just about to become a buyer’s market for the 34997 zip code of Stuart FL. A 6 to 7-month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The January 2017 numbers were: 80 active listings, 34 pending sales, and 15 closed sales. Weaker closed sales (on reduced inventory but much stronger pending sales.

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Stuart FL 34997 Condo Market Report January 2018

Stuart FL 34997 Residential Market Report January 2018

02.14.18 by Gabe Sanders

Stuart FL 34997 Residential Market Report January 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for January 2018

For January 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 292 active listings (Increased by 12 homes from December).

144 Residential sales are pending and awaiting close or lender approval (Increased by 13 homes from December).

58 Homes Sold in January (Decreased by 23 homes from December)

The Stuart Florida Residential Market for ZIP Code 34997 had a fairly large drop in closed sales but this is still one of the most active markets in Martin County residential real estate.

The absorption rate jumped up to 5.0 months (was 3.4 months for December). Still in a seller’s market for the 34997 zip code area of Stuart for January 2018. Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

The 2017 numbers for January, were: 354 active listings, 169 pending listings, and 61 closed sales. Somewhat stronger volume last year but this was with a considerably larger inventory of homes for sale.

Stuart FL 34997 Residential Market Report January 2018

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Stuart FL 34997 Residential Market Report January 2018

Indian Pines February 2018 Market Report

02.14.18 by Gabe Sanders

Indian Pines February 2018 Market Report

There are 3 condos available for purchase in Indian Pines in Stuart FL for February 2018. List prices range from $120,000 up to $174,500 for an average list price of $141,467 which equals $111.57 per square foot of living area.

There is one condo currently under contract. This condo was listed for $133,000 or $128.63 per square foot of living area which was on the market for only 9 days prior to going under contract.

In the past 12 months, 12 condos have sold in Indian Pines. Sales prices ranged from a low of $100,500 up to a high of $154,000 for an average sales price of $120,875 which works out to $107.99 per square foot of living area. These condos averaged 20 days on the market prior to going under contract and sold for an average of 92% of list price.

About Indian Pines Condos in Stuart FL:

Centrally located in Stuart off of Indian Street on Aster Lane lies the Indian Pines condominiums. This complex consists of 20 buildings in two ovals surrounding two lakes. This unique arrangement gives every condo in this complex water views.

Built from 1981 through 1986, Indian Pines are two-story buildings with mostly 2 bedrooms, 2 bathrooms condos, though there are a few 3 bedroom and 1 bedroom units as well. The 3 bedroom condos have 1,542 sq. ft. of living area, 2 bedroom units vary from 1,251 down to 1,019 sq. ft., while the 1 bedroom condos have 1,011 sq. ft.

There’s a heated pool, clubhouse, and two tennis courts as well as ample parking with some buildings offering covered carports.

As of February 2018, the condo association fees were around $360 a month for two bedroom condos and less for the few one-bedroom units that occasionally come up for sale. These fees may vary as different buildings have different reserve setups and management and cover water and sewer, common areas, building insurance and maintenance, basic cable TV, landscaping and lawn service, trash pickup and reserve funds.

All ages are welcome. Rentals are allowed in Indian Pines with some restrictions. And, this is one of the few condos in the area that allows up to 2 large pets per owner. Children who live in Indian Pines are zoned to attend J. D. Parker Elementary School, the Dr. David L. Anderson Middle School, and the Martin County High School.

Indian Pines is very conveniently located close to shopping, restaurants and medical facilities. Only a few more minutes to either the beaches or boat ramps of Martin County or to I-95 for those needing to take a trip either north or south.

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Indian Pines February 2018 Market Report

Stuart FL 34996 Condo Market Report January 2018

02.13.18 by Gabe Sanders

Stuart FL 34996 Condo Market Report January 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for January 2018

For January 2018 in the 34996 Zip Code area of Stuart, Florida :

There are currently 140 active condo listings (Up by 6 condos from last month).

52 Condo sales are pending and awaiting close or lender approval (Increased by 17 condos from December).

17 Condos Sold in January (Down by 3 condos from December)

The Stuart FL 34996 Condo Market of Stuart had a weaker month of closed sales but also a nice jump in pending sales which should translate to better closed numbers in the coming months.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 jumped up to 8.2 months from December’s 6.7 months. Back into a buyer’s market for this segment of Martin County condos. A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for January 2017 were: 170 active listings, 31 pending sales and 22 closed sales. Lower sales volume this year along with reduced inventory but considerable greater number of pending sales.

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Stuart FL 34996 Condo Market Report January 2018

Stuart FL 34996 Residential Market Report January 2018

02.12.18 by Gabe Sanders

Stuart FL 34996 Residential Market Report January 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for January 2018

For January 2018 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 146 active listings (Increased by 5 homes from December).

37 Residential sales are pending and awaiting close or lender approval (Unchanged from December).

15 Homes Sold in January (Up by 1 homes from December).

The 34996 zip code area of the Stuart Florida residential real estate showed a small increase in inventory and slightly better-closed sales. There’s a good number of pending sales which will hopefully translate to higher closed volume in the coming months.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for January decreased slightly to 9.7 months as compared to December’s 10.1 months. Still a buyer’s market for the 34996 zip code area of Stuart FL. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for January of 2017 were: 180 active listings, 43 pending sales, and 10 closed sales. Considerably lower inventory this year but better sales volume and slightly lower pending volume.

Stuart FL 34996 Residential Market Report January 2018

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Search here for real estate in the 34996 Zip Code of Stuart FL

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Stuart FL 34996 Residential Market Report January 2018

Inlet Village February 2018 Condo Real Estate Market Report

02.12.18 by Gabe Sanders

Inlet Village February 2018 Condo Real Estate Market Report

There are 5 condos for sale in the Inlet Village Condominiums of Indian River Plantation on Hutchinson Island in Stuart FL for February 2018. List prices range from $219,900 up to $304,000 for an average list price of $261,560 which is $239.28 per sq. ft. of living area.

There are 2 condos currently under contract. These condos were listed for $226,000 and $325,000 for an average list price of $275,500 which is $233.19 per sq. ft. of living area. These two condos averaged 11 days on the market prior to going under contract.

In the past 12 months, 7 condos have sold in Inlet Village. Sales prices ranged from $150,000 up to $320,000 for an average sales price of $230,500 which equal $219.53 per sq. ft. of living area. These condos sold for an average of 94% of list price and were on the market for an average of 98 days prior to going under contract.

About Inlet Village Condos on Hutchinson Island in Stuart FL:

Inlet Village is located near the South end of Hutchinson Island in Stuart, Florida. Just 40 minutes North of Palm Beach International Airport. Inlet Village consists of three 4 story buildings. Two of which overlook the wide Indian River (Intracoastal Waterway) and the other with seeping views of lakes and the Indian River Plantation golf course.

Within easy walking distance to the Indian River Plantation Marriott Resort where you can enjoy guest privileges such as golf, tennis, water sports, spa, fitness center, hotel dining and the delightful sandy beaches of the Atlantic Ocean! At the beach there is a tiki bar/restaurant where you can enjoy tropical drinks and/or have a enjoyable lunch.

Inlet Village is one of the few pet friendly condo associations that allow up to two large pets per condo. Liberal rental rules will also allow rentals as short as one month. The Condo fees (as of February 2018) were $500 a month and cover the common areas as well as building insurance and outside maintenance as well as water and sewer.

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Additional Indian River Plantation Condos you may wish to consider:
Bayview – Beachwalk – Dunes Club – Fairway Villas – Lakeside – Ocean House – Ocean Terrace – Plantation Club Villas – Plantation House – Resort Villas – River Village – Riverbend – Riverwood – Tennis Villas

Inlet Village February 2018 Condo Real Estate Market Report

Spinnaker Point February 2018 Market Report

02.11.18 by Gabe Sanders

Spinnaker Point February 2018 Market Report

There is one home for sale in Spinnaker Point on Hutchinson Island in February 2018. This home is listed for $1,649,000 which equals $482.02 per sq. ft. of living area.

There are no homes currently under contract.

In the past 12 months, 2 Spinnaker Point homes have sold. Sales prices were $980,000 and $2,525,000 for an average sales price of $1,752,500 or $385.66 per sq. ft. of living area. These homes averaged 232 days on the market before going under contract and sold for an average of 93% of list price.