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Stuart FL 34994 Condo Market Report January 2017

02.14.17 by

Stuart FL 34994 Condo Market Report January 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for January 2017

For January 2017 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 91 active condo listings (Up by 5 condos from December).

Stuart FL 34994 Condo Market Report January 2017

40 Condo sales are pending and awaiting close or lender approval. (Increased by 4 condos from last month) 

Stuart FL 34994 Condo Market Report January 2017

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

Stuart FL 34994 Condo Market Report January 2017

The Stuart FL 34994 Condo market had a very strong start for the 2017 year with an increase in both closed and pending sales.

The absorption rate for January dropped to 5.1 months compared to last month’s 6.6.  Moving back into a buyers’ market for this condo segment of Stuart’s 34994 zip code area.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last January the numbers were 102 active listings, 28 pending sales, and 15 closed sales.   Considerably better activity for the beginning of 2017 as compared to last January with less inventory.

Stuart FL 34994 Condo Market Report January 2017

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Stuart Florida Market Report ZIP Code 34994 – Condo, January 2017

Stuart Florida Market Report ZIP Code 34994 Residential January 2017

02.13.17 by

Stuart Florida Market Report ZIP Code 34994 Residential January 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for January 2017

For January, 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 74 active listings (Increased by 22 homes from December)

Stuart Florida Market Report ZIP Code 34994 Residential January 2017

22 Residential sales are pending and awaiting close or lender approval (Increased by 4 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential January 2017

7 Homes Sold in December (Down by 12 homes from December)

Stuart Florida Market Report ZIP Code 34994 Residential January 2017

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida began 2017 with a drop inactivity along with a big jump in inventory.

The one month absorption rate for the 34994 zip code for January jumped to 10.6 months from 2.7 months for December.  Into a buyers’ market for the first time in quite some time for the 34994 zip code area of Stuart, FL.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The January 2016 numbers were 59 Active Listings, 14 pending sales and 10 closed sales.  A big jump in inventory along with a drop in closed and pending sales from last January.

Stuart Florida Market Report ZIP Code 34994 Residential January 2017

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Stuart Florida Market Report ZIP Code 34994 Residential January 2017

Inlet Village February 2017 Market Report

02.13.17 by

Inlet Village February 2017 Market Report

There are 6 condos for sale in Inlet Village in February of 2017.  List prices range from $165,000 to $325,000 for an average list price of $257,800 which is $237.66 per sq. ft. of living area.

There is one condo currently under contract.  This condo was listed for $234,900 or $226.08 per sq. ft. of living area.  This condo went under contract 63 days after being listed.

In the past 12 months, 7 condos have sold in Inlet Village.  Sales prices ranged from $151,000 up to $305,000 for an average sales price of $220,643 which equal $219.80 per sq. ft. of living area.  These condos sold for an average of 91% of list price and were on the market for an average of 64 days,

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.

Inlet Village in Indian River Plantation

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 in Indian River Plantation

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 January 2017) 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

Sewalls Point Single Family Market Report January 2017

02.12.17 by

Sewalls Point Single Family Market Report January 2017

Sewalls Point Real Estate Snapshot, Residential Sales for January 2017

There are currently 67 active listings (Up by 5 homes since last month)

Sewalls Point Single Family Market Report January 2017

11 home sales are pending and awaiting close or lender approval (Increased by 1 home from December)

Sewalls Point Single Family Market Report January 2017

4 Homes sold in December (Decreased by 7 homes sales from December)

Sewalls Point Single Family Market Report January 2017

The single family real estate market in Sewalls Point retreated dramatically after a strong December.  Inventory rose while closed sales were way off.

The current absorption rate shot up to 16.8 months, in December it was 5.6 months.  Quite the see-saw ride for the Sewalls Point real estate market going back into a buyers’ market.  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 January 2016, the inventory was 57 homes on the market, 15 pending sales and there were 4 closed sales.  Identical number of closed sales while less pending and greater inventory for this year when compared with last January.

Sewalls Point Single Family Market Report January 2017

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Sewalls Point Single Family Market Report January 2017

 

Gull Harbor February 2017 Market Report

02.11.17 by

Gull Harbor February 2017 Market Report

There are currently 3 homes for sale in Gull Harbor.  List prices range from $519,000 to $695,315 for an average of $584,738 or $303.08 per sq. ft. of living area.

Currently, there are no homes under contract in this community.

In the past 12 months, there has been one sale in Gull Harbor.  This home sold for $905,000 which equals $244.59 per sq. ft. of living area.  The sales price was 93% of the last list price and it went under contract in 73 days.

About Gull Harbor Real Estate in Palm City FL

The Gull Harbor community of Palm City consists of mostly waterfront homes on the shores of the South Fork of the Saint Lucie River as well as an exceptionally wide and deep canal off the river.  This is a non-gated neighborhood with 43 homes and no HOA or deed restrictions.  Of these 43 homes, only 4 do not have access to a dock in their backyards.

Gull Harbor real estate in Palm City FL

The first home built in Gull Harbor was in 1961 and the last was completed in 2014.  There is one residential lot left in Gull Harbor that has not been built upon.  Homes range in size from as small as just over 1,300 sq. ft. of living area with 3 bedrooms and 2 bathrooms up to a 5 bedroom, 3 bathroom home with just under 5,000 sq. ft. of space for living area.

Gull Harbor real estate in Palm City FL

Children attend Bessey Creek Elementary, Hidden Oak Middle and Martin County High Schools.  All of which are considered to be excellent schools in Florida.

Gull Harbor real estate in Palm City FL

Gull Harbor lies just east of Mapp Rd (North of Martin Downs Blvd), see the map below.  Very convenient location with easy access to downtown Stuart, FL or Florida’s Turnpike for commuters and with many choices for shopping, entertainment and other amenities close by.

Click on this link to search for available Gull Harbor Homes for Sale

Four Winds on the River Condo February 2017 Market Report

02.10.17 by

Four Winds on the River Condo February 2017 Market Report

There are no condos currently available for sale in Four Winds on the River in Stuart FL.

One condo is under contract.  It was listed for $249,000 or $184.44 per sq. ft. of living area.  This condo was on the market for 10 days before going under contract.

In the past 12 months, 1 condo has sold in Four Winds.  This condo sold for $180,000 which equals $132.45 per sq. ft. of living area.  Th1 condo sold for 90% of the last listed price and was on the market for 161 days before going pending.

Four Winds on the River Condo in Stuart FL

A wonderful small condo community on the shores of the wide Saint Lucie River in Stuart, FL, Four Winds on the River was built in 1981 and has seen some major updates and upgrades in recent years.  Only 39 units with the availability of two guest suites if needed by residents.  All of these condos are 2 BR with the exception of 1 one bedroom unit.  Sizes are very generous from 1,900 to 1,350 sq. ft. of living area.

Four Winds on the River real estate Four Winds on the River real estate

There are ocean access docks suitable for up to a 50′ vessel available for lease.  A large riverfront clubhouse with kitchen and ample common areas for events, get-togethers or large parties.  Two tennis courts and a heated swimming pool.  Four Winds on the River has covered car ports for each condo along with ample guest parking.  This is a gated community and the common areas are shared with the small and exclusive community of Snug Harbor West.

Four Winds on the River real estate Four Winds on the River real estate

The location is exceptional as it is only minutes to the beaches, shopping, medical facilities and downtown Stuart.

Four Winds on the River real estate Four Winds on the River real estate

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Canoe Creek January 2017 Market Report

02.02.17 by

Canoe Creek January 2017 Market Report

For January 2017 there are 2 homes for sale in Canoe Creek in Palm City.  These two homes are listed for $448,000 and $599,000 for an average list price of $523,500 or $131.74 per sq. ft. of living area.

There are no homes currently under contract in Canoe Creek in Palm City.

In the past 12 months, 5 homes have sold in Canoe Creek.  Sales prices ranged from $217,500 up to $450,000 for an average sales price of $335,326 which equals $129.68 per sq. ft. of living area.  These homes went under contract in an average of 37 days and sold for 98% of the last listed price.

About Canoe Creek Real Estate in Palm City:

Search for Canoe Creek Homes for Sale

Canoe Creek in Palm City is a wonderful family community filled with just a little over 100 captivating homes that have plenty of room for your family to grow. Each home has a spacious yard with beautiful manicured Florida foliage that creates a tranquil backdrop. Lot sizes in Canoe Creek begin at 1/2 acre with a few lots of up to just over an acre.  Home sizes range from over 4,000 sq. ft. of living area with 5 bedrooms, 5 bathrooms and 3 car garages down to more modest 3 bedroom, 2 bathroom homes of under 2,000 sq. ft. of living area.  Homes in Canoe Creek had numerous builders and were completed between the years of 1980 and 1995.

The neighborhood is approximately 25 minutes from gorgeous stretches of beaches in Stuart. Canoe Creek is close to great ‘A’ rated schools, recreation, and the exciting and beautiful Downtown Stuart while still close to I-95 and Florida’s Turnpike for those needing to commute or wishing to travel either north or south.

Low HOA fees of $150 per quarter make this an easily affordable community in a subdivision that offers privacy with room to spare between homes with individual mostly custom designed and built homes at an affordable price.

Search for Canoe Creek Homes for Sale

Canoe Creek January 2017 Market Report

Murano Homes January 2017 Housing Market Report

01.31.17 by

Murano Homes January 2017 Housing Market Report

Palm City Florida Real Estate

Murano in Palm City Florida
There are currently 5 homes on the MLS in Murano with prices ranging from $299,900 to $379,900. This equals an average list price of  $337,900 or $133.67 per sq. ft. of living area.
There is 1 home under contract at this time in the Murano subdivision of Palm City, FL. This home was listed for $329,999 or $131.68 per sq. ft. of living area.  An offer was accepted for this home only 6 days after being listed.
In the past year, 12 homes have sold in Murano with sales prices ranging from $259,000 to $315,000 for an average sales price of $288,563 which equals $128.21 per sq. ft. of living area.  The average days on market before going under contract was 63 and the list to sales price ratio was 95%..
Murano Homes in Palm City FLConveniently located off of martin Downs Blvd and Sunset Trail, Murano is a new home community with 110 homes. Originally developed by Home Dynamics with homes built in 2007 and later this community was taken over by D. R. Horton with building resuming in 2011 to the present. Murano homes range from two story 5 Bedroom 4 bathroom homes of 0ver 3,200 sq. ft. to single story 2 Bedroom, 2 bath homes of just over 1,700 sq. ft.

This is a very family friendly neighborhood close to schools, shopping and Florida’s Turnpike for commuters. There is a community pool and low HOA fees of approximately $65 per month (as of this writing).

There may be a few new D. R. Horton homes available for sale, but this community is just about sold out so call us for details.

  • For the D.R. Horton homes, highlights include:
  • Choice of 5 NEW Floor plans
  • GE Appliance Package
  • Various home sites available including lakefront
  • Community Swimming Pool and Cabana
  • Top Rated Palm City Schools
  • Easy commute via I-95 or Florida Turnpike
  • Close proximity to area recreation including beaches, parks, boating, fishing and all types of water sports
  • Shopping, entertainment and restaurants are all nearby.

We are very excited to be able to offer some special promotional packages not available directly from the builder.

 Murano Homes in palm City Florida

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Murano Homes for Sale

Palm City Florida Real Estate is presented by:
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Murano Homes January 2017 Housing Market Report

 

January 2017 Archipelago Real Estate of Sewalls Point Market Report

01.30.17 by

Archipelago of Sewalls Point January 2017 Market Report

For January 2017 there is only 1 active listing in the Archipelago of Sewalls Point.  The list price is $2,175,000 or $569.67 per sq. ft. of living area.

There are no homes are currently under contract.

In the past 12 months, there have been 3 homes sold in the Archipelago of Sewalls Point. These homes sold for $600,000 up to $1,425,000 for an average sales price of $1,001,333 which equals $313.23 per sq. ft. of living area.  These sales averaged 88% of the list price and were on the market for an average of 521 days prior to going under contract.

Aerial of the Archipelago of Sewalls Point

Located in the prestigious town of Sewalls Point, Florida the Archipelago is a non gated 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.

 View of the Archipelago of Sewalls Point

View of the Archipelago of Sewalls Point

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

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Sewalls Point  Real Estate is presented by:

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January 2017 Archipelago Real Estate of Sewalls Point Market Report

Monarch Country Club January 2017 Market Report

01.28.17 by

Monarch Country Club January 2017 Market Report

There are currently 7 active listings in the Monarch Country Club.  List prices range from $284,500 up to $525,000 for an average list price of $417,600 which works out to $185.92 per sq. ft. of living area.

There are 5 homes under contract which have not yet closed in Monarch.  List prices range from $263,500 to $445,000 for an average of $336,300 or $169.68 per sq. ft. of living area.  These homes were on the market for an average of 68 days before going under contract.

In the past year (12 months back), 40 homes have sold in the Monarch Country Club.  Sales prices ranged from a low of $195,000 up to $590,000 for an average sales price of $380,920 or $164.65 per sq. ft. of living area.  These homes sold on average at 96% of the last list price and were on the market for an average of 45 days before going under contract.

About the Monarch Country Club

One of Palm City’s premier neighborhoods, Monarch Country Club is home to the ‘Monarch’ Golf Course in a wonderful gated community of approximately 500 homes.

entrance to the Monarch Country Club

Homes in the Monarch Country Club range in size from estate sized homes with over 3,800 sq. ft. of living area and up to 5 bedrooms and 4 bathrooms with 3 car garages down to smaller attached villas with a more modest 1,300 sq. ft. of living area and 2 bedrooms, 2 bathrooms and a 2 car garage.  For those living in the Monarch Country Club, membership in the golf club is not mandatory and there are a number of social memberships also available including tennis and community pool memberships.

clubhouse of the Monarch Country Club

As of January 2017, the HOA fees (not including golf or social) ranged from just under $400 up to $450 a month depending on the size and the section of Monarch the home is located in. All ages and pets are welcome in Monarch and children are currently zoned to attend the Bessey Creek Elementary School, Hidden Oaks Middle School and Martin County High School.

swimming pool of the Monarch Country Club

This community is well located in Palm City close to Florida’s Turnpike for commuters and with easy access to shopping, restaurants, medical facilities and the many boat ramps and waterways in Martin County.

tennis courts in the Monarch Country Club

The championship course at Monarch boasts 6,867 yard par 72 with a slope of 133 and a rating of 73.6.  Shorter options exist for all levels of play.  This is an Arnold Palmer designed course that opened in 1987 and is currently managed as a ClubCorp facility.

clubhouse at the Monarch Country Club

There’s a beautiful clubhouse with pro shop, fine dining room, snack bar and outside bar that is open to club members and residents of Monarch Country Club.  The two story structure offers beautiful views of the emerald green fairways of the ‘Monarch’ course at the Monarch Country Club.  This fine facility is also available for business, social conferences and weddings.  Adjacent to the clubhouse is a professional caliber tennis facility with six perfectly maintained, lighted Har-Tru courts. A full-service Pro Shop is available to suit all of your needs. Lessons, groups, tournaments are all accommodated by the friendly staff.

Homes in the Monarch Country Club

Currently there are a number of fine homes available for sale in the Monarch Country Club, ranging from smaller attached villas to larger estate homes with magnificent lake and golf course views.

Here are the currently available Monarch Country Club Homes for Sale

Monarch Country Club January 2017 Market Report

 

Leilani Heights Jensen Beach January 2017 Market Report

01.27.17 by

Leilani Heights Jensen Beach January 2017 Market Report

There are 5 currently active listings in Leilani Heights as of January 2017.  The list prices are $179,900 to $245,000 for an average list price of $219,540 or $178.57 per sq. ft. of living area.

There are no homes under contract at this time.

In the past year, there have been 20 homes sold in Leilani Heights.  Sales prices ranged from $108,000 to $257,000 with the average sales price being $198,450 which equates to $132.96 per sq. ft. of living area.  The average days on market prior to an accepted offer was 62 days and these sales averaged at 97% of the list price.

Located so closely to the many exciting and beautiful places in Jensen Beach, Leilani Heights has been a well known family oriented neighborhood for many years. Leilani Heights is within walking distance from the Five Star Jensen Beach Elementary School that has earned an “A” rating for 5 years in a row! The Lelaini Heights neighborhood is also located less than 10 minutes from Jensen Beach High School, a newer facility filled with fantastic teachers and sports programs. If you are a beach lover then you are in luck! Living in Leilani Heights, you are only a few minutes from having your toes in the sand. Want to enjoy downtown Jensen Beach? Then you are only five minutes away! Treasure Coast Square Mall is also just a short ride away! So if you want to be close to the five star schools, beaches, quality restaurants, the mall, family sports and recreation areas then Leilani Heights is your perfect fit.

Leilani Heights real estate in Jensen Beach Leilani Heights real estate in Jensen Beach

Leilani Heights real estate in Jensen Beach Leilani Heights real estate in Jensen Beach

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Hobe Sound FL 33455 Condo Market Report December 2016

01.25.17 by

Hobe Sound FL 33455 Condo Market Report December 2016

 

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

 

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

 

There are currently 11 active condo listings. (Unchanged from November)

Hobe Sound FL 33455 Condo Market Report December 2016

2 Condos are pending and awaiting close. (Down by 2 pending condos from November)

Hobe Sound FL 33455 Condo Market Report December 2016

4 Condos sold in December. (Increased by 4 closed sales from November)

 Hobe Sound FL 33455 Condo Market Report December 2016

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory remained unchanged while closed sales were up, while pending sales were off.

The absorption rate for Hobe Sound condos was 2.75 months for December  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 do 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 December 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, though there is increased activity for this year when compared with 2015.

Hobe Sound FL 33455 Condo Market Report December 2016

Hobe Sound Florida Real Estate presented by:
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Hobe Sound FL 33455 Condo Market Report December 2016

Hobe Sound FL 33455 Residential Market Report December 2016

01.24.17 by

Hobe Sound FL 33455 Residential Market Report December 2016

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

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

There are currently 206 active listings. (Up by 3 homes from November)

Hobe Sound FL 33455 Residential Market Report December 2016

57 Residential sales are pending and awaiting close  (Down by 7 homes from November)

Hobe Sound FL 33455 Residential Market Report December 2016

40 Homes Sold in December (Up by 7 homes from last month)

Hobe Sound FL 33455 Residential Market Report December 2016

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County showed improved activity to end the year with increased closed sales and a small increase in inventory.  Pending sales were down for this month as compared to November.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dipped to 5.2 months (6.5 months in November).  Once again, a seller’s market for Hobe Sound residential real estate.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for December 2015 were:  187 active listings, 61 pending sales and 40 closed sales.  Overall, better activity with increased inventory as well as more pending and closed sales for 2016 when compared to December 2015.

Hobe Sound FL 33455 Residential Market Report December 2016

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Hobe Sound FL 33455 Residential Market Report December 2016

Jensen Beach FL 34957 Condo Market Report December 2016

01.23.17 by

Jensen Beach FL 34957 Condo Market Report December 2016

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for December 2016

 

For December 2016 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 134 active listings. (Decreased by 8 condos from November)

Jensen Beach FL 34957 Condo Market Report December 2016

26 Condo sales are pending and awaiting settlement. (Down by 2 condos from November)

Jensen Beach FL 34957 Condo Market Report December 2016

19 Condos Sold (Up by 10 condos from November)

Jensen Beach FL 34957 Condo Market Report December 2016

 The Jensen Beach FL 34957 Condo Market Report for December came back strong after a very weak November.  Sales were up and the inventory decreased.  Unfortunately, pending sales also decreased.

The one month absorption rate for the December 2016, Jensen Beach Florida Market Report ZIP Code 34957 dropped to 7.1 months (from 14.2 months in November), still a buyers market but getting back towards a balanced market once again.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The December 2015 numbers were: 37 active listings, 12 pending sales and 7 condos closed.  We had a change in reporting data collection methods and are now including all condos in the 34957 zip code which increases the sampling data base, so the comparisons from last year are not valid at present.

Jensen Beach FL 34957 Condo Market Report December 2016

Jensen Beach Florida Real Estate presented by:
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Jensen Beach FL 34957 Condo Market Report December 2016

Jensen Beach FL 34957 Residential Market Report December 2016

01.22.17 by

Jensen Beach FL 34957 Residential Market Report December 2016

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for December 2016

 For December 2016 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 183 active listings. (Down by 4 homes from last month)

Jensen Beach FL 34957 Residential Market Report December 2016

53 Residential sales are pending and awaiting close or lender approval. (Decreased by 8 homes from November)

Jensen Beach FL 34957 Residential Market Report December 2016

33 Homes Sold (Down by 5 homes sales from November)

Jensen Beach FL 34957 Residential Market Report December 2016

The Jensen Beach FL 34957 Residential Market has eased from last month, thought still an active market.  Inventory was off slightly after two months og gains while both pending and closed sales decreased for December.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 rose to 5.5 months ( was 4.9 months in November).  Still in a sellers’ market for the Jensen Beach residential real estate segment.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The December 2015 numbers were: 121 active listings, 68 pending sales and 28 home sales closed.  Higher sales volume this year, thoguh with considerably greater inventory.  Pending sales are off as well when compared to last year.
Jensen Beach FL 34957 Residential Market Report December 2016

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Residential Properties

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Jensen Beach Florida Real Estate presented by:
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Jensen Beach FL 34957 Residential Market Report December 2016

January 2017 Pinecrest Lakes Housing Market Report

01.22.17 by

January 2017 Pinecrest Lakes Housing Market Report

There are 8 actively listed homes for sale in the Pinecrest Lakes community as of January 2017.  Listing prices range from $375,000 to $549,900 for an average list price of $475,111 which equates to an average of $161.72 per sq. ft. of living area.
There are 2 homes under contract and awaiting closing. The list prices of these homes are $384,500 and $485,000 for an average list price of $434,750 which is $167.34 per sq. ft. of living area.  These homes averaged 131 days on the market before an accepted offer.
In the past 12 months, 25 homes have sold in Pinecrest Lakes with sales prices ranging from $245,000 to $570,000 or an average sales price of $405,804 which is $157.75 per sq. ft. of living area.  These sales averaged 84 days on market and sold at 95% of list price.

About Pinecrest Lakes in Jensen Beach:

Pinecrest Lakes Homes for Sale

The Pinecrest Lakes community of Jensen Beach FL was first developed in the late 70’s and early 80’s during a time when the Martin County Commissioners were notoriously stringent and restrictive about new developments in the area. Consequently this community has a distinctive feel and flavor. All homes are on at least a 1/2 acre lot with many on larger 1 to 2 acre lots. None of the homes are identical and all types of construction and paint schemes are allowed.

Pinecrest Lakes Homes for Sale

Pinecrest Lakes is located south of NE Jensen Beach Boulevard and just east of the new Green River parkway. Residents enjoy wide winding streets with sidewalks, street lights, underground utilities and public water. Community features include tot lots, parks, lakes and tennis courts.

Pinecrest Lakes Homes for Sale

Pinecrest Lakes is located in Martin County’s “A” rated school district. The local public elementary school, Jensen Beach Elementary School, is less than a mile away, within easy walking and biking distance for students. Students also attend Stuart Middle School in Stuart and Jensen Beach High School located approximately 1 mile northwest of the community on NE Jensen Beach Boulevard.

Pinecrest Lakes Homes for Sale

 

Pinecrest Lakes is also about 1 mile to the east of the Treasure Coast Square Mall, Martin County’s main shopping center. Residents are a short ride away from the beautiful beaches on Hutchinson Island, historic downtown Jensen Beach, Indian Riverside Park as well as numerous boat ramps and marinas that serve the vast boating resources available in Martin County.

 

Here are the currently available Pinecrest Lakes Homes for Sale in Jensen Beach, Florida

 

January 2017 Pinecrest Lakes Housing Market Report

Palm City FL 34990 Condo Market Report December 2016

01.21.17 by

Palm City FL 34990 Condo Market Report December 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for December 2016

 

For December 2016 in the 34990 Zip Code area of Palm City, Florida :



There are currently 86 active condo listings. (Increased by 6 condos from November)

   Palm City FL 34990 Condo Market Report December 2016

8 Condo sales are pending and awaiting close or lender approval. (Down by 3 condos from last month)

Palm City FL 34990 Condo Market Report December 2016

4 Condos Sold in December. (Up by 1 condos from November)

Palm City FL 34990 Condo Market Report December 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  The inventory has risen considerably in the past few months while pending and closed sales have not kept pace.

The current absorption rate for condos in the 34990 zip code area jumped up to 21.5 months (was 40 months in December). Still an extreme buyers’ market for Palm City condominiums but trending in the right direction.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The December 2015 numbers were: 52 active listings, 9 pending sales and 4 closed sales.   Very similar closed and pending sales volume, though at a considerably greater inventory, so by percentage the activity is greatly reduced for this year.
Palm City FL 34990 Condo Market Report December 2016

Stuart Florida Real Estate presented by:
Gabe Sanders

 

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report December 2016

Palm City FL 34990 Residential Market Report December 2016

01.20.17 by

Palm City FL 34990 Residential Market Report December 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for December 2016

For December 2016 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 416 active listings (Decreased by 16 homes from November)

Palm City FL 34990 Residential Market Report December 2016

 92 Residential sales are pending and awaiting close or lender approval. (Down by 9 homes from last month)

Palm City FL 34990 Residential Market Report December 2016

65 Homes Sold in November (Up by 13 homes from November)

Palm City FL 34990 Residential Market Report December 2016

The Palm City FL, zip code 34990 residential real estate market had a drop in inventory after two months of increases.  Closed sales were up strongly for December from last month, while pending sales saw a decline.
The monthly absorption rate decreased to 6.4 months from 8.3 months in November.  Back into a balanced market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The December 2015 numbers were:  375 active listings, 114 pending sales and 60 closed sales.  With higher inventory this year, there are fewer closed sales and a little improved closed sales numbers.

Palm City FL 34990 Residential Market Report December 2016

 Search here for Palm City Florida Real Estate for Sale

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

Palm City FL 34990 Residential Market Report December 2016

Stuart FL 34997 Condo Market Report December 2016

01.19.17 by

Stuart FL 34997 Condo Market Report December 2016

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2016

For December 2016 in the 34997 Zip Code area of Stuart, Florida :

There are currently 83 active condo listings (Increased by 10 condos from November).

Stuart FL 34997 Condo Market Report December 2016

29 Condo sales are pending and awaiting close or lender approval (Up by 9 condos from November).

Stuart FL 34997 Condo Market Report December 2016

11 Condos Sold in December (Increased by 3 condos from November).

Stuart FL 34997 Condo Market Report December 2016

     The Stuart FL condo market for zip code 34997 showed continued improvement from last month and is trending towards a more robust real estate market.
     The absorption rate dropped to 7.5 months in December from 9.1 months for November.  Continuing as a buyers’ market for the 34997 zip code of Stuart FL, though tending in the right direction. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
 The December 2015 numbers were: 63 active listings, 19 pending sales and 21 closed sales.  Better sales numbers from last year, though the pending listings this year look promising.

Stuart FL 34997 Condo Market Report December 2016

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2016

Stuart FL 34997 Residential Market Report December 2016

01.18.17 by

Stuart FL 34997 Residential Market Report December 2016

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2016

There are currently 334 active listings (Increased by 6 homes from November).

Stuart FL 34997 Residential Market Report December 2016

120 Residential sales are pending and awaiting close or lender approval (Down by 18 homes from November).

Stuart FL 34997 Residential Market Report December 2016

69 Homes Sold in December (Increased by 7 homes from November)

Stuart FL 34997 Residential Market Report December 2016

      The Stuart Florida Residential Market for ZIP Code 34997 is the largest segment of the Stuart FL residential real estate.  2016 ended with strong activity and a continued advantage for sellers in this segemtn of the Stuart residential real estate market.
     The absorption rate decreased to 4.8 months (was 5.3 months for November).  Increasing the sellers market for the 34997 zip code area of Stuart.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2015 numbers for December, were: 308 active listings, 163 pending listings and 62 closed sales.  Slightly better closed sales for this year, but considerably lower pending sales with greater inventory.
Stuart FL 34997 Residential Market Report December 2016

Search here for 34997 Zip Code of Stuart FL real estate for sale

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

Stuart FL 34997 Residential Market Report December 2016