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Danforth in Palm City August 2016 Market Report

08.15.16 by

Danforth in Palm City August 2016 Market Report

As of August, 2016:

There are currently 2 active listings for sale in Danforth.  The list prices for these Danforth homes are $479,000 and $489,000 for an average list price of $484,000 or $177.10 per sq. ft. of living area.

3 homes are currently under contract.  The list prices of these pending sales range from $349,900 to  $449,900 with the average being $403,233 which equates to an average price per sq. ft. of living area of $153.90.  These 3 homes averaged 62 day on the market before going under contract.

In the past 12 months 18 homes have sold in Danforth.  The sales prices ranged from $340,000 to $431,000.  The average sales price was $382,989 or $158.59 per sq. ft. of living area.  These sold listings averaged 49 days on the market before going under contract and sold at 98% of the list price.

Danforth in Palm City Florida is wonderful family subdivision with 335 homes of all sizes and shapes with a wonderful family friendly neighborhood feel.  Well located in palm City off SW Martin Highway and within walking distance of both the Palm City Elementary and Hidden Oaks Middle Schools.  Both of these schools are top rated in the Martin County school system as well as in the State of Florida.

Many homes are lakefront with beautiful views and a wonderful private feeling, yet this community is within a mile of the new Publix and also close to restaurants and medical facilities.  Easy access to downtown Stuart as well via the new Veteran’s Memorial Bridge from Palm City to Stuart.  Also just a couple of minutes to Florida’s Turnpike for those wishing to either commute or to make a short trip to West Palm Beach or other points just North or South.

Danforth features low HOA fees of $328.00 per quarter (as of July 2016).  Construction in Danforth was first completed in 1990 with most homes dated from then to the late 1990’s and at least one home completed in 2001.  This planned unit development (PUD) was developed by Danforth Development Inc. and various builders took part in the construction of the homes.  Here is the Danforth Home Owners Association web site.  Danforth just added an remote code controlled entry gate system in 2014.

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Danforth in Palm City August 2016 Market Report

Stuart FL 34996 Residential Market Report July 2016

08.14.16 by

Stuart FL 34996 Residential Market Report July 2016

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for July 2016

For July 2016 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 151 active listings (Down by 7 homes from June).

Stuart FL 34996 Residential Market Report July 2016

27 Residential sales are pending and awaiting close or lender approval (Down by 16 homes from June).

Stuart FL 34996 Residential Market Report July 2016

24 Homes Sold in July (Decreased by 2 homes from June).

Stuart FL 34996 Residential Market Report July 2016

The 34996 zip code area of the Stuart Florida residential real estate market continues to be a strong market.  Just a bit weaker than last month, but still slid and an improvement from last year.

The one month absorption rate for the 34996 zip code area of Stuart Florida for July increased to 6.3 months as compared to June’s 6.1 months.  Still basically a balanced 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 July of 2015 were: 135 active listings, 34 pending sales and 11 closed sales.  We have a greater inventory this year along with increased market activity.

Stuart FL 34996 Residential Market Report July 2016

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Stuart FL 34996 Residential Market Report July 2016

The Yacht and Country Club of Stuart August 2016 Market Report

08.14.16 by

The Yacht and Country Club of Stuart August 2016 Market Report

August 2016 Market Update:

There are 13 homes currently for sale in the Yacht and Country Club of Stuart.  Listing prices are from $230,000 to $1,500,000 for an average list price of $623,523 which works out to $220.12 per sq. ft. of living area.

There are currently 4 homes under contract ranging in list price from $309,900 to $380,000.  The average list price of these pending sales is $347,225 or $168.10 per sq. ft. of living area.  These homes averaged 113 days on market before going under contract.

35 homes have sold in the past 12 months.  Ranging in sales price from $159,900 to $1,100,000.  The average sales price was $392,120 which comes out to $159.91 per sq. ft. of living area.  These homes sold on average in 66 days with sales prices at 95% of list price.

 
The Yacht and Country Club of Stuart, Florida Golf Course

One of the first gated golf communities in Martin County, the , Florida remains among the preeminent communities on Florida’s Treasure Coast for both the golf and yachting enthusiast.  This fine gate guarded community boasts water front homes that are only minutes from the Saint Lucie inlet and the Atlantic Ocean.  Easy access for day trips to the Bahamas and back and a true fisherman’s paradise.

The Yacht and Country Club of Stuart, Florida Clubhouse

The ‘Stuart’ golf course at the Yacht  & Country Club of Stuart, Florida features a professional 18 hole course with 6,466 yards of golf from the longest tees for a par of 71 . The course rating is 71.2 and it has a slope rating of 125 on Bermuda grass. Driving range and putting greens are also provided at this club.

The Yacht and Country Club of Stuart, Florida Canal

The clubhouse at the Yacht and Country Club of Stuart offers a professionally appointed fitness center with a a resident massage therapist.  Tennis is provided by ix lighted Har-tru tennis courts and also residents are provided with two lighted croquet lawns.

The Yacht and Country Club of Stuart, Florida Homes

There is a heated swimming pool open daily and water aerobics is offered on a weekly basis. The Yacht and Country Club of Stuart has a formal Dining Room that has earned itself a reputation as one of Stuart’s finest dining establishments. Also offered is the “Grill Room” for those who would like to enjoy a more casual dining experience.

The Yacht and Country Club of Stuart, Florida Homes

Truly a wonderful place to call home.

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Yacht and Country Club of Stuart, Florida - Homes for Sale

The Yacht and Country Club of Stuart August 2016 Market Report

Stuart FL 34994 Condo Market Report July 2016

08.13.16 by

Stuart FL 34994 Condo Market Report July 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for July 2016

For July 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 74 active condo listings (Down by 2 condos from June).

Stuart FL 34994 Condo Market Report July 2016

29 Condo sales are pending and awaiting close or lender approval. (Decreased by 1 condos from last month) 

Stuart FL 34994 Condo Market Report July 2016

10 Condos Sold in July (Down by 17 condos from June).

Stuart FL 34994 Condo Market Report July 2016

The Stuart FL 34994 Condo market entered the summer doldrums for the month for July of 2016.  Closed sales were down significantly while pending sales remained strong on reduced inventory levels.

The absorption rate for July jumped to 7.4 months compared to last month’s 2.8.  Popping back into a buyers’ condo segment of Stuart’s 34994 zip code area.  This is not totally unexpected as condo sales often slow down during the summer months.  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 July the numbers were 84 active listings, 23 pending sales, and 20 closed sales.   Better closed numbers for 2015, but pending sales are a bit better this year and it’s with less inventory.

Stuart FL 34994 Condo Market Report July 2016

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Stuart Florida Market Report ZIP Code 34994 – Condo, July 2016

Stuart Florida Market Report ZIP Code 34994 Residential July 2016

08.12.16 by

Stuart Florida Market Report ZIP Code 34994 Residential July 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for July 2016

For July, 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 70 active listings (Unchanged from June)

Stuart Florida Market Report ZIP Code 34994 Residential July 2016

33 Residential sales are pending and awaiting close or lender approval (Increased by 1 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential July 2016

18 Homes Sold in June (Up by 1 homes from June)

Stuart Florida Market Report ZIP Code 34994 Residential July 2016

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continued the summer with strong activity for July with positive future activity (pending sales) and also an increase in closed sales.  Though, the reduced inventory is a potential problem.

The one month absorption rate for the 34994 zip code for July decreased to 3.9 months from 4.1 months for June.  Still in a sellers’ market 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 July 2014 numbers were 62 Active Listings, 32 pending sales and 16 closed sales.   Slightly better sales numbers for this year when compared to July of 2015.

Stuart Florida Market Report ZIP Code 34994 Residential July 2016

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Stuart Florida Market Report ZIP Code 34994 Residential July 2016

Sewalls Point Single Family Market Report July 2016

08.11.16 by

Sewalls Point Single Family Market Report July 2016

Sewalls Point Real Estate Snapshot, Residential Sales for July 2016

There are currently 69 active listings (Down by 7 homes since last month)

Sewalls Point Single Family Market Report July 2016

11 home sales are pending and awaiting close or lender approval (Increased by 6 homes from June)

Sewalls Point Single Family Market Report July 2016

2 Homes sold in July (Decreased by 17 home sales from June)

Sewalls Point Single Family Market Report July 2016

The single family real estate market in Sewalls Point for July showed a big decrease in closed sales for July.  Pending sales look good, however, and I expect these sales figures to improve in the coming months.  The inventory of available homes is up from last year but down from last month.

The current absorption rate exploded to 34.5 months, in June it was 7.6 months. An unfortunate slowdown for Sewall’s point, but possibly an opportunity for buyers.  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 July of 2014, the inventory was 58 homes on the market, 12 pending sales and there were 5 closed sales. Better numbers last year, even though we have a greater inventory now.

Sewalls Point Single Family Market Report July 2016

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Sewalls Point Single Family Market Report July 2016

 

Summerfield Golf Club Market Report for July 2016

07.30.16 by

Summerfield Golf Club Market Report for January 2016 – Home of the Champions Golf Club

As of January 2016:
There are 10 homes on the market in Summerfield ranging in listing price from $321,900 to $589,900 for an average of $419,366 which equals $186.29 per square foot of living area.  As of July 24, 2016 these homes will have been on the market for an average of 75 days.

There are 4 homes under contract (pending) awaiting their closing. Listing prices are from $300,249 to $372,490 for an average of $342,910 which equates to $156.03 per square foot of living area.  These homes averaged 57 days on the market before going under contract.

In the past 12 months, 37 homes have sold.  Sales prices ranged from $215,000 to $497,000 for an average sales price of $344,923 which equals $164.60 per square foot of living area.  The average days on market for these sales was 57 days and the average list to sales price was at 96%.

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

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

Summerfield boasts an exceptionally large community pool and clubhouse with dining and entertainment facilities, 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 Golf Club Homes for Sale

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Summerfield Golf Club Market Report for January 2016

Monarch Country Club July 2016 Market Report

07.29.16 by

Monarch Country Club July 2016 Market Report

There are currently 6 active listings in the Monarch Country Club.  List prices range from $219,900 up to $599,000 for an average list price of $365,983 which works out to $172.25 per sq. ft. of living area.  As of July 29 these homes have been on the market for an average of 59 days.

There are 6 homes under contract which have not yet closed in Monarch.  List prices range from $239,900 to $539,900 for an average of $391,267 or $165.48 per sq. ft. of living area.  These homes were on the market for an average of 88 days before going under contract.

In the past year (12 months back), 35 homes have sold in the Monarch Country Club.  Sales prices ranged from a low of $209,500 up to $585,000 for an average sales price of $373,083 or $155.26 per sq. ft. of living area.  These homes sold on average at 95% of the last list price and were on the market for an average of 67 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 July 2016, 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 July 2016 Market Report

 

Canoe Creek July 2016 Market Report

07.28.16 by

Canoe Creek July 2016 Market Report

For July, 2016 there are 2 homes for sale in Canoe Creek in Palm City.  These two homes are listed for $475,000 and $469,500 for an average list price of $472,250 or $153.05 per sq. ft. of living area.  As of July 28, these homes have averaged 57 days on market.

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

In the past 12 months, 9 homes have sold in Canoe Creek.  Sales prices ranged from $217,500 up to $450,000 for an average sales price of $351,579 which equals $142.44 per sq. ft. of living area.  These homes went under contract in an average of 45 days and sold for 98% of the last listed price.

About Canoe Creek Real Estate in Palm City

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Canoe Creek in Palm City FL

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.

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Canoe Creek July 2016 Market Report

July 2016 Market Report for Osprey Cove in Hobe Sound

07.26.16 by

July 2016 Market Report for Osprey Cove in Hobe Sound

There are currently 2 homes for sale in Osprey Cove in Hobe Sound, FL.  Listing prices are $639,000 and $729,000 for an average list price of $684,000 or a price per square foot of living area of $217.31.  As of July 21, 2016 these homes have been on the market for an average of 67 days.

There is one home under contract which has not closed to date.  The list price is $529,000 or $236.48 per sq. ft. of living area.  This home was on the market for 134 days before going under contract.

In the past 12 months, 9 homes have sold in Osprey Cove with sales prices ranging from $440,000 to $793,000 for an average sale price of $616,611 or $211.48 per sq. ft. of living area. These sales averaged 67 days on the market and sales prices averaged 95% of list price.

Osprey Cove in Hobe Sound, Florida is a waterfront community off of Gomez Avenue in the vibrant Hobe Sound area of Martin County, Florida.  It is also known as the Osprey Cove Yacht Club and boasts 32 deep water boat slips just off the Intracoastal Waterway.  There are only 86 homes in this gated community that broke ground in late 2000 with homes being completed from 2000 through 2006.   Homes range in size from 3 bedroom, 3 bathroom, 2 car garage homes of 2,230 sq. ft. to 5 bedroom, 4 and 1/2 bathroom, 3 car garage pool homes of over 4,000 sq. ft. of living area.  There’s also a community pool and tennis court available to all residents.

For boaters, the docks are approximately 5 miles from the Saint Lucie Inlet of Martin County and just under 10 miles from the Jupiter Inlet in Palm Beach County.  All Osprey Cove residents enjoy easy access to shopping, restaurants and the pristine beaches of Jupiter Island in Martin County.

For families, the Martin County School District is one of the highest rated in Florida and children attend the Hobe Sound elementary school, Murray middle school and South Fork high school.  There are also a number of excellent private schools located nearby, including the Pine School.

You can find additional information at the Osprey Cove in Hobe Sound Homeowner’s Association web page.

For any questions you may have about Osprey Cove in Hobe Sound, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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July 2016 Market Report for Osprey Cove in Hobe Sound

July 2016 Lake Tuscany Stuart FL Market Report

07.25.16 by

July 2016 Lake Tuscany Stuart FL Market Report

As of July 2016, there are 4  homes available for sale in Lake Tuscany with listing prices from $479,315 to $579,900 for an average list price of $519,405 which is a price per square foot of living area of $138.55.  As of July 14, 2016 these homes will have averaged 79 days on market.

There are 4 homes under contract.  List prices were from $405,000 up to $485,000 for an average list price of $445,975 which works out to $139.60 per sq. ft. of living area.  These homes averaged 33 days on the market before going under contract.

In the past 12 months, 8 homes have sold in Lake Tuscany ranging in sales price from $362,000 to $469,000 for an average sales price of $414,500 which equals $153.54 per sq. ft. of living area.  These homes took an average of 34 days on market to go under contract and sold at 98% of list price.

Lake Tuscany real estate Stuart FL

Lake Tuscany in Stuart FL is a newer subdivision just to the west of I-95 in Martin County, Florida.  The homes in Lake Tuscany were mostly completed between 2004 to 2005.  This attractive subdivision is set up with a gated entrance and all 98 homes in Lake Tuscany are on Panther Trace which makes a large circle around the lake in the center.  Homes range from 3 Bedroom, 3 Bath or 4 BR 2 Baths of around 2100 sq. ft. of living area to spacious 6 Bedroom, 4 Bathroom 2 story homes with lofts and theater rooms with pools by the lakeside along with 3 car garages.  All are high quality homes built by local builder Mercedes Homes.

 Lake Tuscany boasts lush landscaping and very reasonable Home Owner’s Association fees of $398 per quarter.  These fees cover security, the common areas and lake upkeep, basic cable, trash collection and front landscaping.  The Lake Tuscany property owners web site is located at this site.

Families in Lake Tuscany enjoy Martin County’s ‘A’ rated schools in the following schools: Crystal Lake Elementary, David L Anderson Middle School and South Fork High School.  Shopping is only minutes away and there’s easy access to Martin County’s waterways and just a short drive to the many public beaches.

Search here for currently available Lake Tuscany real estate in Stuart FL

For any questions you may have about July 2016 Lake Tuscany Stuart FL Market Report, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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July 2016 Lake Tuscany Stuart FL Market Report

 

Hobe Sound FL 33455 Condo Market Report June 2016

07.23.16 by

Hobe Sound FL 33455 Condo Market Report June 2016

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

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

There are currently 4 active condo listings. (Down by 1 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2016

6 Condos are pending and awaiting close. (Down by 1 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2016

3 Condos sold in June. (Up by 3 from last month)

Hobe Sound FL 33455 Condo Market Report June 2016

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory levels are at all time lows and it is quite remarkable that there is as much activity as there is in this small segment of the Martin County real estate market.

For June, 2016 the absorption rate is 1.3 months which is what it was back in April (with no sales reported in May, there was no absorption rate for that month).  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 June 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 June 2015 numbers were: 9 active listings, 2 pending sales and 6 closed sales.  Better closed activity for last year, but this was with over twice as many active condos for sale.  Inventory, or lack of, is playing a major obstacle in the Hobe Sound condo market.

Hobe Sound FL 33455 Condo Market Report June 2016

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Hobe Sound FL 33455 Condo Market Report June 2016

Hobe Sound FL 33455 Residential Market Report June 2016

07.22.16 by

Hobe Sound FL 33455 Residential Market Report June 2016

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

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

There are currently 193 active listings. (Down by 20 homes from May)

Hobe Sound FL 33455 Residential Market Report June 2016

100 Residential sales are pending and awaiting close  (Up by 10 homes from May)

Hobe Sound FL 33455 Residential Market Report June 2016

54 Homes Sold in June (Up by 2 homes from last month)

Hobe Sound FL 33455 Residential Market Report June 2016

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues perform strongly even as the inventory declined for this month, though still greater than last year.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 inched up to 3.6 months (4.1 months in May).  Continuing in the trend for all of Martin County as a 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 June 2015 were:  150 active listings, 119 pending sales and 61 closed sales.  Interestingly for Hobe Sound the inventory is up from last year while volume of sales and pending sales is still lower.  Though, this is still an active market, just not as super heated as last year.

Hobe Sound FL 33455 Residential Market Report June 2016

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Hobe Sound FL 33455 Residential Market Report June 2016

Jensen Beach FL 34957 Condo Market Report June 2016

07.21.16 by

Jensen Beach FL 34957 Condo Market Report June 2016

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

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



There are currently 22 active listings. (Decreased by 4 condos from May)

Jensen Beach FL 34957 Condo Market Report June 2016

14 Condo sales are pending and awaiting settlement. (Up by 3 condos from May)

Jensen Beach FL 34957 Condo Market Report June 2016

3 Condos Sold (No change in sold condos from May)

Jensen Beach FL 34957 Condo Market Report June 2016

 The Jensen Beach FL 34957 Condo Market Report June 2016 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  For June of 2015, available inventory remains quite low, while the pending sales numbers are quite good when the inventory is considered.

The one month absorption rate for the June 2016, Jensen Beach Florida Market Report ZIP Code 34957 dropped a bit to 7.3 months (from 8.7 months in May), still a buyers market for the first time in close to two years.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The June 2015 numbers were: 31 active listings, 11 pending sales and 5 condos closed.  Better sales numbers for last year, but pending sales look good for this year even with the reduced inventory of available condos.

Jensen Beach FL 34957 Condo Market Report June 2016

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Jensen Beach FL 34957 Condo Market Report June 2016

Jensen Beach FL 34957 Residential Market Report June 2016

07.20.16 by

Jensen Beach FL 34957 Residential Market Report June 2016

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

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

 There are currently 99 active listings. (Down by 17 homes from last month)

Jensen Beach FL 34957 Residential Market Report June 2016

70 Residential sales are pending and awaiting close or lender approval. (Increased by 3 homes from May)

Jensen Beach FL 34957 Residential Market Report June 2016

37 Homes Sold (No change in home sales from May)

Jensen Beach FL 34957 Residential Market Report June 2016

The Jensen Beach FL 34957 Residential Market continues to perform well.  After an increase in inventory for last month, we’re back to slim pickings again for the number of available homes for sale.  Both pending and closed activity remains very active.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 2.7 months ( was 3.1 months in March).  A very extreme sellers market for Jensen Beach.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The June 2015 numbers were: 119 active listings, 90 pending sales and 46 home sales closed.   Considerably better numbers from last year along with a greater inventory of available Jensen Beach homes for sale.
Jensen Beach FL 34957 Residential Market Report June 2016

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All Residential properties for sale in the 34957 Zip Code area of Jensen Beach FL

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Jensen Beach FL 34957 Residential Market Report June 2016

Palm City FL 34990 Condo Market Report June 2016

07.19.16 by

Palm City FL 34990 Condo Market Report June 2016

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

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



There are currently 65 active condo listings. (Increased by 3 condos from May)

   Palm City FL 34990 Condo Market Report June 2016

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

2 pending

7 Condos Sold in June. (No change in sold condos from May)

Palm City FL 34990 Condo Market Report June 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  The activity in this market has slowed considerably for June and with the weak pending numbers, this may continue for the next few months.

The current absorption rate for condos in the 34990 zip code area shot up to 16.3 months (was 8.9 months in June).   Now one of the few areas where it’s a strong  buyers market in Martin County.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The June 2015 numbers were: 51 active listings, 14 pending sales and 8 closed sales.   Better activity last year as compared to this year even with increased inventory for 2016.
Palm City FL 34990 Condo Market Report June 2016

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Palm City Florida Real Estate presented by:
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Palm City FL 34990 Condo Market Report June 2016

Palm City FL 34990 Residential Market Report June 2016

07.18.16 by

Palm City FL 34990 Residential Market Report June 2016

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

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

 

There are currently 362 active listings (Decreased by 15 homes from May)

Palm City FL 34990 Residential Market Report June 2016

 168 Residential sales are pending and awaiting close or lender approval. (Up by 6 homes from last month)

Palm City FL 34990 Residential Market Report June 2016

76 Homes Sold in May (Down by 8 homes from May)

Palm City FL 34990 Residential Market Report June 2016

The Palm City FL, zip code 34990 residential real estate market activity continues to be quite active.  After a slight increase in inventory for last month, it’s back down again for June and sales have slowed somewhat while still being an active market, just not as hot as in previous months.
The monthly absorption rate increased to to 4.8 months from 4.5 months in May.  Still in a strong sellers 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 June 2015 numbers were:  358 active listings, 163 pending sales and 128 closed sales.  Much better closed volume from last year with other metrics very similar.

Palm City FL 34990 Residential Market Report June 2016

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

Palm City FL 34990 Residential Market Report June 2016

Stuart FL 34997 Condo Market Report June 2016

07.17.16 by

Stuart FL 34997 Condo Market Report June 2016

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

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

There are currently 74 active condo listings (Up by 1 condo from May).

Stuart FL 34997 Condo Market Report June 2016

27 Condo sales are pending and awaiting close or lender approval (Down by 13 condos from May).

Stuart FL 34997 Condo Market Report June 2016

24 Condos Sold in June (Increased by 7 condos from May).

Stuart FL 34997 Condo Market Report June 2016

     The Stuart FL condo market for zip code 34997 continues to show very strong activity as we get into what will be a typically slower summer season.
     The absorption rate dropped to 3.1 months in June from 4.3 months for May.  A strong sellers market for the 34997 zip code area of Stuart condos. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
 The June 2015 numbers were: 35 active listings, 19 pending sales and 17 closed sales.  Better volume this year with more than double the inventory as well.

Stuart FL 34997 Condo Market Report June 2016

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

Stuart FL 34997 Residential Market Report June 2016

07.16.16 by

Stuart FL 34997 Residential Market Report June 2016

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

 

There are currently 299 active listings (Decreased by 5 homes from May).

Stuart FL 34997 Residential Market Report June 2016

173 Residential sales are pending and awaiting close or lender approval (Down by 43 homes from May).

Stuart FL 34997 Residential Market Report June 2016

125 Homes Sold in June (Increased by 16 homes from May)

Stuart FL 34997 Residential Market Report June 2016

      The Stuart Florida Residential Market for ZIP Code 34997 is the largest segment of the Stuart FL residential real estate market. It is also currently the most active in terms of sales volume and shows little signs of easing up.  Though, I will expect some softening for the summer months.
     The absorption rate continues to drop, now down to 2.4 months (was 2.8 months for May).  A very strong sellers’ market for the 34997 zip code area of Stuart FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2015 numbers for June, were: 257 active listings, 200 pending listings and 113 closed sales.  Closed sales outpaced last years’ volume though pending sales numbers are lower.  Inventory is higher this year than last.
Stuart FL 34997 Residential Market Report June 2016

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Stuart FL 34997 Residential Market Report June 2016

 

Stuart FL 34996 Condo Market Report June 2016

07.15.16 by

Stuart FL 34996 Condo Market Report June 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for June 2016

For June 2016 in the 34996 Zip Code area of Stuart, Florida :

There are currently 74 active condo listings (Down by 46 condos last month).

Stuart FL 34996 Condo Market Report June 2016

27 Condo sales are pending and awaiting close or lender approval (Decreased by 13 condos from May).

Stuart FL 34996 Condo Market Report June 2016

21 Condos Sold in June (Decreased by 11 condos from May) 

Stuart FL 34996 Condo Market Report June 2016

The Stuart FL 34996 Condo Market of Stuart had a large unexpected drop in inventory for this month.  Though the market activity remains strong.  It remains to be seen if this decline in inventory is just a short term phenomenon.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 3.5 months from May’s 3.8  months.  Still in a strong sellers’ market for June.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for June 2015 were: 102 active listings, 28 pending sales and 26 closed sales.  Slightly better volume last year but also with much more inventory.

Stuart FL 34996 Condo Market Report June 2016

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Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report June 2016