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Sewalls Point Single Family Market Report December 2016

Sewalls Point Real Estate Snapshot, Residential Sales for December 2016

There are currently 62 active listings (Down by 12 homes since last month)

10 home sales are pending and awaiting close or lender approval (Decreased by 1 home from November)

11 Homes sold in December (Increased by 9 homes sales from November)

The single family real estate market in Sewalls Point showed a surprising surge of activity for December 2016 after two pretty week months in the fall. Pending sales remained steady and there was a strong increase in closed sales. The inventory of available homes also declined.

The current absorption rate plunged to 5.6 months, in November it was 37 months. Into a slight sellers market for Sewalls Point. It’s been quite a while for Sewalls Point to enjoy such robust activity. A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to December of 2015, the inventory was 51 homes on the market, 13 pending sales and there were 3 closed sales. Showing much better activity this year as opposed to 2015.

Search below for Sewalls Point Florida Real Estate for Sale

Rental Properties

Rental Properties for Rent in Sewalls Point, Florida Between $0 – $100,000

Vacant Land Properties

Residential Properties

Sewalls Point Single Family Market Report December 2016

Tradewinds on Hutchinson Island January 2017 Market Report

01.12.17 by Gabe Sanders

Tradewinds on Hutchinson Island January 2017 Market Report

As of January 2017 there are two townhouses for sale in Tradewinds on Hutchinson Island in Jensen Beach FL. List prices for these townhouses are $379,000 and $389,000 for an average list price of $384,000 which equals $200.05 per sq. ft. of living area.

There are no townhouses currently under contract.

In the past 12 months, 1 home has sold. The sales price was $235,000 or $63.19 per sq. ft. of living area. This home was on the market for 43 days and sold for 94% of list price.

About Tradewinds in Jensen Beach:

Located west of A-1-A (Ocean Drive) on Hutchinson Island in Jensen Beach (Saint Lucie County) and just approximately 3 miles north of the Jensen Beach Causeway is this unique townhome community by the name of Tradewinds.

There are a total of 14 townhomes in Tradewinds. Two large Spanish Med style units on the north end were completed in 2009 while the other 10 are in a Key West style and were completed between 2012 and 2014.

The older units are quite large with over 3,500 sq. ft. of living space on two and three levels and numerous bedrooms and bathrooms and garages. The newer units are all 3 bedroom, 2 and ½ bathroom homes with approximately 2,300 sq. ft. of living area with reserved parking. There is one end unit that has a detached garage.

All ages are welcome and up to two large pets are OK. Rentals are also permitted with some restrictions.

These townhomes are deeded as condos so the monthly fee of $400 (as of January 2017) includes maintenance and insurance for all structures and common areas. There is a community pool as well as a community pier with deeded docks on the Indian River (Intracoastal Waterway). Residents of these townhomes have the ability to go fishing on the Intracoastal from their boat or right from the dock, or simply just walk across the street to enjoy the crystal clear waters of the Atlantic Ocean.

Because of the limited number of residences in the Tradewinds, these don’t come on the market very often, so please contact me for a listing alert for any new townhomes that come on the market in the Tradewinds.

Summerfield Market Report for January 2017

01.09.17 by Gabe Sanders

Summerfield Market Report for January 2017

Home of the Champions Golf Club

As of January 2017, there are 8 homes on the market in Summerfield ranging in listing price from $308,500 up to $499,000 for an average list price of $387,965 which equals $183.24 per square foot of living area.

There are 4 homes under contract (pending) awaiting their closing. Listing prices are from $329,000 up to $429,990 for an average list price of $382,845 which equates to $169.63 per square foot of living area. These homes averaged 65 days on the market prior to receiving an accepted offer.

In the past 12 months, 34 homes have sold. Sales prices ranged from $215,000 to $550,000 for an average sales price of $360,228 which equals $168.96 per square foot of living area. The average days on market for these sales was 70 days and the average list to sales price was at 97%.

Summerfield 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 web site for more information at http://www.thechampionsgolfclub.com/

The residential section is known as Summerfield 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, fitness center and a professional 6 court Tennis club. All of these amenities available at very reasonable HOA fees, along with the convenience of 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, 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.

The following homes are currently available for sale in Summerfield:

Summerfield Homes for Sale

Stuart Florida Real Estate

Summerfield Market Report for January 2017

Edgewater Villas Condominiums January 2017 Market Report

01.08.17 by Gabe Sanders

Edgewater Villas Condominiums January 2017 Market Report

For January 2017 there is only 1 condo available for sale in the Edgewater Villas of Stuart FL. This condo is listed for $347,900 or $222.87.

There are no units under contract at this time.

In the past 12 months, 3 Edgewater Villas have sold. The sales prices ranged from $345,000 up to $445,000 for an average sales price of $382,500 which equals $239.46 per sq. ft. of living area. These condos sold for 92% of the list price and went under contract in an average of 73 days after list date.

Edgewater Villas Condominiums

Edgewater Villas real estate in Stuart FL

Just west of Historic Downtown Stuart and on the shores of the Saint Lucie River lies the Edgewater Villas Condominiums. This complex consists of two waterfront buildings of four stories on over 2 acres that were built in 1976. These are luxury condos with either two bedrooms, two bathrooms and a spacious 1,561 sq. ft. of air conditioned living area or 3 bedrooms and two bathrooms with 1,684 sq. ft. There are only four condos per floor in these buildings.

Edgewater Villas real estate in Stuart FL

This community offers deep water docks which are just west of the Roosevelt Bridge and the City of Stuart docks and mooring fields. There is a large heated pool as well as a clubhouse with a kitchen, billiard room as well as a common area member’s room.

Edgewater Villas real estate in Stuart FL

The current condo fees (as of Dec. 2015) were $530 a month and this includes basic cable TV, landscape/lawn, manager, recreation facilities, roof repair, trash and water and sewer fees. Up to two large pets are permitted for each unit and rentals are allowed with some restrictions.

Edgewater Villas real estate in Stuart FL

These Edgewater Villas Condos are very conveniently located and residents can easily walk to downtown Stuart as well as shops on US-1 (Federal Hwy).

Edgewater Villas real estate in Stuart FL

All ages are welcome and children living here currently attend the JD Parker Elementary School, Stuart Middle School and Jensen Beach High School.

Click here to see if any Edgewater Villas Condos are for sale!

Circle Bay Waterfront Condos Stuart FL January 2017 Market Report

01.07.17 by Gabe Sanders

Circle Bay Waterfront Condos Stuart FL January 2017 Market Report

As of January 2017, there are 7 condos for sale in the Circle Bay Yacht Club of Stuart FL. Listing prices range from $146,900 up to $259,000. The average listing price $180,843 which equals a price per square foot of living area of $170.62.

There are 3 Circle Bay condos under contract and awaiting close. The list prices are from $167,000 to $259,000 for an average list price of $218,500 which equals $198.75 per sq. ft. of living area. These condos averaged 81 days on market prior to receiving an acceptable offer.

In the past 12 months, 18 Circle Bay Waterfront Condos have sold. Sales prices ranged from $95,500 to $258,000 for an average sales price of $164,856 which is $161.15 per sq. ft. These condos sold for an average of 94% of the last listed price and in an average of 113 days on market prior to accepting an offer that resulted in the sale.

The Circle Bay condo complex is a waterfront 55+ condo community with docks (for boats up to 36′) that have easy wide river and ocean access. Docks are not deeded, rather rented at reasonable monthly rates. Heated pools, clubhouse, grills, etc. are some of the numerous amenities available for residents of the Circle Bay Yacht Club. Rentals are permitted with restrictions. Sorry, no pets. Circle Bay has both elevator and non-elevator buildings. Covered car ports.

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Circle Bay Waterfront Condos Homes for Sale in Palm City Florida

Circle Bay Waterfront Condos Stuart FL January 2017 Market Report

Jensen Park Estates January 2017 Market Report

01.06.17 by Gabe Sanders

Jensen Park Estates January 2017 Market Report

In early January 2017 there are 7 homes available for sale in Jensen Park Estates. These homes are listed from $229,500 up to $374,000 for an average list price of $288,957 which also equals $167.20 per sq. ft. of living area.

There are no homes under contract and awaiting closing.

In the past 12 months, 17 Jensen Park Estates homes have sold. Sales prices ranged from a low 0f $206,000 up to $295,000 for an average sales price of $241,488 which equals $149.66 per sq. ft. of living area. These sales averaged 97% of listing price and averaged 48 days on market before going under contract.

Jensen Park Estates is a non-gated community located just west of Savannah Rd in the heart of Jensen Beach. There are 381 home sites in this community, most of which have been built upon. Homes were built from 1980 to the latest one which was completed in 2010.

There’s a wide range of sizes and shapes of homes ranging from 6 bedroom homes with over 3,100 sq. ft. of living area down to more modest 2 bedroom, 2 bathroom homes with just under 1,100 sq. ft. There are both frame and concrete block construction as well as homes with and without private pools.

Some homes have large lots of over ½ acre while others are fairly modest lots with just over .12 acres. Homeowner fees are a very reasonable $150 per year.

Neighborhood children attend the Jensen beach Elementary School which is just a little over ½ mile away, Stuart Middle School and the Jensen Beach High School.

Very close to shopping areas of US-1 as well as close to the Intracoastal (the Indian River) with its boat ramps, public beaches on Hutchinson Island, Indian Riverside park, and much more.

Jensen Park Estates is an excellent option for both families and retirees looking for affordable homes in the heart of Jensen Beach.

Search here for available Jensen Beach Estates Homes for Sale

Riverwood Condos Indian River Plantation January 2017 Market Report

01.05.17 by Gabe Sanders

Riverwood Condos Indian River Plantation January 2017 Market Report

There are currently two condos for sale in the Riverwood Condos of Indian River Plantation. These condos are listed for $325,000 and $394,900 for an average list price of $359,950 which is $228.81 per sq. ft. of living area.

There are no condos currently under contract.

In the past 12 months, only one condo has sold in Riverwood. It sold for $360,000 or $184.43 per sq. ft. of living area. This condo was on the market for 40 days before going under contract and sold for 95% of list price.

About Riverwood Condos in Indian River Plantation:

The Riverwood condos of Hutchinson Island in the Indian River Plantation complex of Stuart consist of 12 smaller two story buildings close to the Marriott Resort and full service marina in Indian River Plantation. These condos were completed in 1981 and 1982 with many condos having magnificent wide water views of the Intracoastal Waterway also knows as the Indian River and others with sweeping views of the Indian River Plantation Golf Course and lakes.

There are 60 spacious condos with a mix of three bedroom- three bath, 2 bedroom-2 bath and 1 bedroom-1 bath units. Sizes range from a very spacious 2,065 sq. ft. down to the 911 sq. ft. for the 1 bedroom condos.

Riverwood residents enjoy their own community pool and tennis court for Riverwood resident’s exclusive use. There is ample parking with one assigned space per condo and guest spaces as well as a number of detached garages for some units. This is a pet friendly community with up to two large pets allowed. Rentals are also permitted with a one month minimum.

Current condo and management fees are from $580 to $620 per month depending on the size and location of the condo (as of December 2016).

Click here to view available Riverwood Condos for Sale

The Marriott Resort at Indian River Plantation Features:

Indian River Plantation consists of numerous condominium associations and buildings. All styles from Ocean front to River front and Golf and Tennis villas can be found here. IRP is associated and co-located with the Marriott Resort and Marina.

Tucked away on Hutchinson Island, the Treasure Coast’s 16-mile lush barrier island, is a unique resort that greets guests with the warmth of true Southern hospitality.

The Hutchinson Island Marriott Beach Resort and Marina stretches across 200 acres of plantation landscape on Hutchinson Island, bordered on one side by the Atlantic Ocean and by the shimmering Indian River on the other side.

A newly remodeled lobby with sweeping draperies, plantation-style wood furnishings and tropical tones sets the stage for a magical golf getaway. This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.

Golfers of all skill levels will enjoy the challenging fairways and greens found in the area’s 12 courses. Plantation East, the resort’s own course, meanders throughout the island and is characterized by water on 17 of 18 holes. This 4,042-yard, par-61 executive course requires careful club selection and precision shot-making to overcome constantly changing ocean breezes.

This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.

Golfers of all skill levels will enjoy the challenging fairways and greens found in the area’s 12 courses. The Ocean Club, the resort’s own course, meanders throughout the island and is characterized by water on 17 of 18 holes. This 4,042-yard, par-61 executive course requires careful club selection and precision shot-making to overcome constantly changing ocean breezes.

The Hutchinson Island Marriott offers guests and residents two tiki bars and their Signature Restaurant, the Baha Grille. Thirteen Novagrass tennis courts, miles of unspoiled beaches, water sports, deep sea fishing, and a full-service 77-slip marina anchored on the Indian River round out a perfect vacation of sun and fun.

Resort amenities also include three heated pools with sun decks, game rentals from the Activities Hut, two outdoor spas and supervised activities for both children and teens.

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

Copperleaf January 2017 Market Report

01.04.17 by Gabe Sanders

Copperleaf January 2017 Market Report

There are currently 2 homes listed in Copperleaf in Palm City, Florida. List prices are $605,735 and $899,000, for an average list price of $752,368 which equals $177.76 per square foot of living area.

There are 6 homes under contract awaiting closing. The list prices are from $339,900 up to $536,075 which averages to a $440,813 list price and $162.91 per square foot of living area. These homes averaged 92 days on market before accepting these offers.

In the past 12 months, 15 homes have sold in Copperleaf with an average sales price of $549,633 at $176.21 per square foot of living area and at 98% list to sales price ratio. The lowest sales price was $325,000 while the highest was $1,184,993. These homes went under contract in an average of 75 days.

Copperleaf in Palm City FL was first developed by Centex Homes with the first homes constructed and sold in 2007. New construction continues to the present now under the name of Pulte Homes. As of this writing there are 123 homes in Copperleaf. Though, construction continues with room for considerably more homes.

Home sizes range from estate size homes on over ½ an acre with more than 6,000 sq. ft. of living area down to smaller 3 bedroom, 2 bath homes with 2 car (or more) garages of 1,705 sq. ft. Copperleaf is conveniently located close to both Florida’s Turnpike and I-95 yet just minutes to shopping, restaurants and the well-respected schools that Martin County has to offer. Only a few more minutes and you can be on the beach or launch your boat at one of the many boat ramps in the area.

Copperleaf offers is a gated community with a manned gate by the beautiful entrance. There’s a clubhouse with exercise facilities, two tennis courts, a community pool and a playground for the little ones. As of this writing, the Home Owner’s Association fees are $233 per month. These fees cover Basic Cable TV, Manager, Recreational Facilities, Reserve Fund, Security and Trash pickup.

There are excellent new construction opportunities as well as re-sales available in Copperleaf of Palm City FL. Call us for details.

Currently, these homes are available for sale in Copperleaf Palm City

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

Palm City Florida Real Estate

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

Copperleaf January 2017 Market Report

High Point Sewalls Point January 2017 Market Report

01.03.17 by Gabe Sanders

High Point Sewalls Point January 2017 Market Report

As of January 2016, there are 4 homes available for sale on High Point and High Point Isle in Sewalls Point, FL. Listing prices range from $1,170,000 to $3,995,000. The average listing price is $2,128,750 which equals $466.11 per square foot of living area.

There are 2 High Point homes under contract and awaiting close. The list prices were $599,900 and $1,400,000 for an average list price of $999,950 which works out to be $284.97 per sq. ft. of living area. These two homes averaged 273 days on the market before going under contract.

In the past 12 months, 8 High Point homes have sold. Sales prices ranged from $365,000 to $2,975,000 for an average sales price of $1,402,188 which equals $333.41 per sq. ft. of living area and for an average sale price of 92% of the last listed price. These homes were on the market for an average of 90 days prior to accepting an offer.

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 first home in High Point was built in 1963 and homes continue to be built as well as extensively renovated to this day. There are both deep water estate sized lots (of over 2.5 acres) to interior lots of 1/3 of an acre.

Home sizes range from 2 bedroom, 2 bathroom cottages of 1,700 sq. ft. to estates of close to 14,000 sq. ft. of living area with 7 bedrooms and 9 bathrooms.

There are no HOA fees in High Point and High Point Isles as this community is part of the town of Sewalls Point. A wonderful community close to the beaches, waterways and many excellent amenities offered in Martin County, FL.

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Sewalls Point Real Estate is presented by:

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High Point Sewalls Point January 2017 Market Report

Rocky Point Estates January 2017 Market Report

01.02.17 by Gabe Sanders

Rocky Point Estates January 2017 Market Report

There are currently 2 homes available for sale in Rocky Point Estates. List prices are $450,000 to $599,900 for an average list price of $524,950 which equals $238.73 per sq. ft. of living area.

No homes are currently under contract.

In the past 12 months, 16 homes have sold in Rocky Point Estates. Sales prices ranged from $188,000 up to $560,000 for an average sales price of $299,281 which works out to $183.52 per sq. ft. of living area. These homes sold for an average of 96% of the last list price and in 41 days of being on the market prior to receiving an accepted offer.

Rocky Point Estates

Rocky Point Estates is an HOA community in the eastern middle of Rocky Point. Homes on Orange St, Nassau Ter. and the north side of Matousek St. had the opportunity to join this HOA when it was developed and for the sum of $75.00 per year, members have access to a large park with a boat ramp and picnic grounds available for their exclusive use. In addition to the ramp and picnic area, there’s a 29 slip marina suitable for boats up to 30’ in length. These docks can only be owned (or leased) by members in good standing within the Rocky Point Estates HOA community. Individuals within Rocky Point Estates have the option to sell or trade docks within the community.

This boat ramp and the docks are in a highly desirable location that’s only about a mile or so from the open waters of the Atlantic Ocean through the Saint Lucie Inlet. Fisherman in this community love the fact that they can be casting their lines in deep water just minutes after leaving the dock or ramp.

There are just over 170 homes belonging to the association. Homes were first built in this community in 1959 and the latest home was just completed in 2014. Homes are of all styles and sizes ranging from 5 bedroom, 4 bathroom home on almost a half-acre down to under 1,000 sq. ft., 2 bedroom, 1 bathroom homes on under a quarter of an acre lots.

Children residing in Rocky Point Estates attend the Martin County School District with current assignments to Port Salerno Elementary, Murray Middle and South Fork High Schools. Residents are also close to a number of wonderful restaurants and first class medical facilities.

Search for available homes in Rocky Point Estates

Rocky Point Estates January 2017 Market Report

East Lake Village December 2016 Market Report

12.29.16 by Gabe Sanders

East Lake Village December 2016 Market Report

For December 2016 there are 5 active listings in East Lake Village. List prices range from $122,900 up to $179,900 for an average list price of $147,719 or $103.17 per sq. ft. of living area.

There are 15 homes under contract in East Lake Village which have not closed to date. List prices were from $113,900 up to $199,900 for an average list price of $137,120 which equals $94.70 per sq. ft. of living area. These homes averaged 47 days on the market before going under contract.

In the past year, 63 homes have sold in East Lake Village. Sales prices ranged from $99,900 to $198,500 for an average of $140,496 which is equal to $90.13 per sq. ft. of living area. These homes sold for an average of 97% of list price and went under contract in an average of 51 days after going in the market.

About East Lake Village in Port St. Lucie:

Located East of US-1 and just to the North of Port St. Lucie Blvd., East Lake Village is a newer community of townhomes and single family homes of many different sizes and floor plans. All of the homes are 2 story with the townhomes attached on at least one side to their neighbor.

Sizes of these homes range from 4 bedroom, 3 and ½ bathroom homes with 2 car garages of over 2,300 sq. ft. of living area down to 2 bedroom, 2 and ½ bathroom townhomes with 1 car garage and 1,350 sq. ft. of living area.

All ages are welcome in East Lake Village. Pets are permitted with some restrictions depending on the section of interest. For the single family homes, 2 large pets are permitted. HOA fees range from $164 a month up to $207 per month (as of June 2016), once again depending on the section where the home is located.

Great location close to medical facilities, restaurants and shopping and only about 15 to 20 minutes to the crystal clear waters of the Atlantic Ocean in Jensen Beach FL.

East Lake Village Homes for Sale

For a more complete list of available East Lake Village homes and townhomes please sent us a note or call.

Claridge by the Sea December 2016 Market Report

12.27.16 by Gabe Sanders

Claridge by the Sea December 2016 Market Report

There are currently two condos for sale in Claridge by the Sea. These two condos are listed for $1,200,000 and $1,250,000 for an average list rice of $1,225,000 or $399.16 per sq. ft. of living area.

There are no pending sales currently in Claridge by the Sea.

In the past 12 months, 1 condo has sold. The sales price was $1,250,000 or $407.30 per sq. ft. of living area. This condo went under contract 16 days after being listed and sold for 96% of list price.

About Claridge by the Sea Luxury Condos in Jensen Beach:

Claridge by the Sea on Hutchinson Island in Jensen Beach is the premier luxury condo building and also the newest in the area. Completed in 2003, this 11 story building features only two spacious homes per floor. Private elevators whisk you directly into your spacious over 3,000 square foot home with 3 bedrooms, 4.5 bathrooms, plus office. Each unit comes with spectacular balconies with gorgeous ocean views. Each home comes with a private 2 car garage.

There’s an open clubhouse area and fitness center on the first floor as well as a heated pool and spa with private beach access. There are two detached guest apartments that can be reserved for visiting guests by any of the buildings residents.

1 medium pet is allowed in Claridge by the Sea and rentals are also allowed with some restrictions. The condo fees at this time (December 2016) are $1,550 per month.

For those with a desire to live in the ultimate luxurious space on Hutchinson Island in Jensen Beach, FL, Claridge by the Sea may just be the right one.

Click on this link to view any available Claridge by the Sea Condos for Sale

Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you may wish to consider:
Admiral – Atlantis – Dune Walk – Empress – Island Club – Island Crest – Island Dunes – Islandia – Miramar – Miramar Royale – Ocean Dunes – Oceana North – Oceana Oceanfront – Oceana South – Ocean Towers – Oceanrise – Ocean Bay Villas – Princess – Regency – Sand Dollar Shores – Sea Winds – Villa del Sol

Hobe Sound FL 33455 Condo Market Report November 2016

12.26.16 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report November 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for November 2016

For November 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 11 active condo listings. (Up by 5 condos from October)

4 Condos are pending and awaiting close. (Up by 3 pending condos from October)

No Condos sold in November. (Decreased by 1 closed sales from October)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. We have finally seen a small increase in inventory as well as pending sales which should show increased activity in future months.

With no sale for November, the absorption rate cannot be determined. Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes on percentages that November not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The November 2015 numbers were: 4 active listings, 1 pending sales and 1 closed sales. It’s very difficult to make meaningful comparisons with such low numbers of sales and inventory.

Search for Hobe Sound FL Condos for Sale Here

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report November 2016

Green Turtle Cove December 2016 Market Report

12.26.16 by Gabe Sanders

Green Turtle Cove December 2016 Market Report

There are no condos for sale in Green Turtle Cove for December of 2016.

There are no condos under contract in Green Turtle Cove on Hutchinson Island in Jensen Beach.

In the past 12 months, only one condo has sold in Green Turtle. The sales price was $245,000 or $181.89 per sq. ft. of living area. This condo went under cotract 54 days after being listed and sold for 98% of list price.

About Green Turtle Cove on Hutchinson Island:

The Green Turtle Cove Condominium Complex is located just South of the Jensen Beach Causeway on Hutchinson Island in Martin County Florida. It lies directly across the street from the public beach in Jensen beach with guarded beaches, a snack bar and beach volleyball courts. Also, soon to break ground is a new luxury resort to be built on the grounds of the old Holiday Inn, also across the street.

Green Turtle cove consists of two 40 unit buildings. The South building was completed in 1973 and the North building shortly after in 1974. This complex in on the shores of the Indian River (Intracoastal Waterway) and has docks which are available to residents on a first come first served basis for the nominal fee of $25.00 a month. There’s also a lake on the grounds as well as a swimming pool, vehicle wash area and BBQ stations.

Each building has secured entry through a lobby and has elevator service to the four stories. There is reserved parking as well as an ample supply of guest spots. Each unit is 2 bedroom and 2 bath with 1,204 sq. ft. of living space under air and a generous balcony with views of either the lake, preserve, river and some with peaks of the ocean.

No pets are permitted in Green Turtle Cove, though there are liberal rental rules allowing part time residents to lower their cost of ownership by leasing out their condo for a few months a year. As of this writing, Condo and management fees are $420 per month (as of December 2016).

Currently Green Turtle Cove is one of the more affordable condos for those wishing both river and ocean access. (I’m told there is great fishing right from the private docks.)

July 2016 update: An upscale resort hotel is scheduled to open in late 2016 or early 2017 across the street on the ocean side.

Search here for Green Turtle Cove Condos for Sale

Links to all Martin County Condos on Hutchinson Island in Stuart and Jensen Beach you may wish to consider:
Angler Cove – Beachwood Villas – Buttonwood – Dune Condominium – Fairwinds Cove – Green Turtle Cove – Hutchinson House – Indian River Plantation Condos – Islander 12 – Jensen Beach Club – Little Ocean Club – Little Ocean Place – Maritimes – Ocean View – Sailfish Point – Sandpebble – Seaside – Suntide

Hobe Sound FL 33455 Residential Market Report November 2016

12.25.16 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report November 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for November 2016

For November 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 203 active listings. (Up by 5 homes from October)

64 Residential sales are pending and awaiting close (Up by 5 homes from October)

33 Homes Sold in November (Up by 2 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues with somewhat slower activity as the inventory grows and the increase in both closed sales and pending sales are not keeping up with this increase in inventory.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 6.5 months (6 months in October). A balanced market for the second month after numerous years of a strong sellers market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for November 2015 were: 166 active listings, 75 pending sales and 28 closed sales. Better closed sales for this year but less pending sales. All this with a sizeable increase in inventory of available homes.

Search here for Hobe Sound Florida Real Estate for Sale

Land Properties

- Land Properties for Sale in Hobe-Sound, Florida Between $0 – $500,000
- Land Properties for Sale in Hobe-Sound, Florida Between $2,500,000 – $3,000,000

Rental Properties

- Rental Properties for Rent in Hobe-Sound, Florida Between $0 – $500,000

Residential Properties

Commercial Properties

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

Hobe Sound FL 33455 Residential Market Report November 2016

Miramar Condos December 2016 Market Report

12.25.16 by Gabe Sanders

Miramar Condos December 2016 Market Report

This report includes all Miramar Buildings on Hutchinson Island in Jensen Beach Miramar, Miramar II and Miramar Royale.

There are 11 Miramar condos on the market on Hutchinson Island. List prices range from $209,500 up to $485,000 for an average list price of $359,381 which works out to $250.13 per sq. ft. of living area.

There are no condos currently under contract.

In the past 12 months, 14 Miramar Condos have sold. Sales prices ranged from $210,000 up to $440,000 for an average sales price of $356,020 or $244.66 per sq. ft. of living area. These condos sold for an average of 96% of list price and went under contract 120 days on average from listing date.