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Stuart FL 34997 Residential Market Report May 2016

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

There are currently 304 active listings (Decreased by 5 homes from April).

216 Residential sales are pending and awaiting close or lender approval (Down by 3 homes from April).

109 Homes Sold in May (Increased by 10 homes from April)

The Stuart Florida Residential Market for ZIP Code 34997 is the largest segment of the Stuart FL residential real estate market. And, it is also the most active with very strong sales and pending sales activity.

The current one month absorption rate plunged to 2.8 months (was 3.1 months for April). Continuing as an extreme 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 May, were: 275 active listings, 225 pending listings and 91 closed sales. Interestingly enough, there is a greater number of homes for sale this year as compared to 2015. Sales were better this year though the pending numbers were higher last year. Though, with this kind of hot activity, these numbers are very similar.

Stuart FL 34997 Residential Market Report May 2016

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Stuart FL 34997 Residential Market Report May 2016

June 2016 Market Report River Marina Stuart

06.16.16 by Gabe Sanders

June 2016 Market Report River Marina Stuart

Here’s the latest update for the River Marina Community of Stuart FL:

For June of 2016, there are 12 active listings (3 homes and 9 townhouses) on the market in River Marina at prices of $169,900 to $384,000 for an average listing price of $249,822 which equals $137.38 per square ft. of living area. As of June 16, 2016, these homes and townhouses have averaged 98 days on the market.

There are 4 homes under contract awaiting settlement (all are townhouses) with list prices from $218,690 to $224,390 for an average list price of $222,165 which equals $139.75 per sq. ft. of living area. These townhouses averaged 62 days on the market before going under contract.

In the past 12 months, 35 homes have sold (5 homes and 30 townhouses) with sales prices from $127,000 to $344,000 at an average sale price of $204,402 or per square foot of $121.52. The average days on market was 62 days and sales were at 98% of list price.

River Marina is a newer community consisting of 84 single family homes built from 2006 to 2008 ranging in size from 3 BR, 1600 sq. ft. homes to 5 BR homes with 3,380 sq. ft of living area. 14 of these homes are waterfront with Ocean access through the South Fork of the Saint Lucie River. The single family homes in River Marina are in a gated enclave.

Also available are newer townhomes in a non-gated area. Currently, only about 47 townhomes have been built with plans for a total of approximately 220 units. Both 2 and 3 Bedroom townhomes are available with 1627 sq. ft. of living area and a 1 car garage. There’s a community pool and easy access to recreational areas.

June 2016 Market Report River Marina Stuart

River Marina Homes and Townhomes for Sale

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Stuart FL 34996 Condo Market Report May 2016

06.15.16 by Gabe Sanders

Stuart FL 34996 Condo Market Report May 2016

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

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

There are currently 120 active condo listings (Down by 6 condos last month).

40 Condo sales are pending and awaiting close or lender approval (Decreased by 8 condos from April).

32 Condos Sold in May (Decreased by 5 condos from April)

The Stuart FL 34996 Condo Market of Stuart had decreased activity levels for both pending and closed sales. Though, this is still a very hot segment of the Stuart condo market.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 3.8 months from April’s 3.4 months. Still in a strong sellers’ market for May. A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for May 2015 were: 103 active listings, 39 pending sales and 33 closed sales. Similar activity to last year, but our inventory is also higher this year making the effective activity a bit weaker.

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Stuart FL 34996 Condo Market Report May 2016

Stuart FL 34996 Residential Market Report May 2016

06.14.16 by Gabe Sanders

Stuart FL 34996 Residential Market Report May 2016

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

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

There are currently 150 active listings (Down by 1 homes from April).

43 Residential sales are pending and awaiting close or lender approval (Down by 8 homes from April).

22 Homes Sold in May (Decreased by 3 homes from April).

The 34996 zip code area of the Stuart Florida residential real estate market showed reduced sales and pending activity from last month, though only small decreases. The inventory dropped by only 1 home, yet is still slightly above last year.

The one month absorption rate for the 34996 zip code area of Stuart Florida for May increased to 6.8 months as compared to April’s 6 months. Drifting back up into a slight buyers market. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for May of 2015 were: 147 active listings, 34 pending sales and 16 closed sales. Slightly better activity for this year when compared to 2015.

Stuart FL 34996 Residential Market Report May 2016

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Stuart FL 34996 Residential Market Report May 2016

Stuart FL 34994 Condo Market Report May 2016

06.13.16 by Gabe Sanders

Stuart FL 34994 Condo Market Report May 2016

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

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

There are currently 83 active condo listings (Down by 14 condos from April).

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

18 Condos Sold in May (Down by 1 condos from April).

The Stuart FL 34994 Condo market had a large increase in pending sales for May while closed sales were only down by one condo. This should result in strong closed activity for the coming few months. Unfortunately the active inventory took a significant drop.

The one month absorption rate increased to 4.6 months compared to last month’s 5.1. Dropping into an even stronger sellers’ market for the 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 May the numbers were 91 active listings, 38 pending sales, and 19 closed sales. Very similar activity to last year. Though we could use a bit more inventory as it’s down significantly from 2015.

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

June 2016 Market Report for The Soundings Yacht and Tennis Club

06.13.16 by Gabe Sanders

June 2016 Market Report for The Soundings Yacht and Tennis Club

For June 2016 there are currently 4 active listings in the Soundings Yacht and Tennis Club in Hobe Sound, FL. List prices range from $380,000 to $899,000 with an average list price of $545,075 which equals $212.18 per square foot of living area. As of June 12, these homes have been on the market for an average of 93 days.

There is one home under contract which has not sold to date. The list price was $289,500 or $196.14 per sq. ft. and this home was on the market for 196 days before going under contract.

In the past 12 months, 8 homes have sold in the Soundings. Sales prices ranged from a low of $315,000 to a high of $725,000 for an average sales price of $524,478 or $228.62 per sq. ft. of living area. The average days on market was 50 days and sales averaged at 97% of listing price.

Conveniently located only minutes from beautiful Jupiter Island Beach, June 2016 Market Report The Soundings Yacht and Tennis Club, Florida is an active planned community bordering both sides of Gomez Avenue in Hobe Sound. There are a total of 153 home sites in the Soundings with only 2 vacant lots unbuilt at last count.

On the East side of Gomez, the Soundings homes are mostly waterfront with deep water docks accessing the Intracoastal waterway. A small marina with additional docks deeded to a few select homes that do not have waterfront locations. In addition, there is a boat ramp as well as trailer storage for those wishing to keep their boats in dry storage. In addition, there’s a large community pool, tennis courts, and an active fully equipped clubhouse.

Homes in the Soundings Yacht and Tennis Club range from spacious estate homes with Intracoastal views to smaller cottages that are perfect for the occasional seasonal resident or those not requiring large homes but want easy access to the water.

More information about the Soundings Yacht and Tennis Club can be found on their community website.

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June 2016 Market Report The Soundings Yacht and Tennis Club

Stuart Florida Market Report ZIP Code 34994 Residential May 2016

06.12.16 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Residential May 2016

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

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

There are currently 62 active listings (Down by 3 homes from April)

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

18 Homes Sold in April (Up by 8 homes from April)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had excellent activity for may with very strong future activity (pending sales) and also a nice increase in closed sales. Though, the reduced inventory is a potential problem.

The one month absorption rate for the 34994 zip code for May dropped down to 3.4 months from 6.5 months for April. Back into a serious 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 May 2014 numbers were 72 Active Listings, 31 pending sales and 13 closed sales. Considerably better activity this year even with the reduced inventory.

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Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 Residential May 2016

Sewalls Point Single Family Market Report May 2016

06.11.16 by Gabe Sanders

Sewalls Point Single Family Market Report May 2016

Sewalls Point Real Estate Snapshot, Residential Sales for May 2016

There are currently 70 active listings (Up by 2 homes since last month)

11 home sales are pending and awaiting close or lender approval (Decreased by 8 homes from April)

9 Homes sold in May (Increased by 6 home sales from April)

The single family real estate market in Sewalls Point for May had a good month for closed sales and has come close to a balanced market. Unfortunately, a drop in pending sales may signal a potentially weaker upcoming summer.

The current absorption rate dipped to 7.8 months, in April it was 22.7 months. A very good step in the right direction and heading towards a balanced 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 May of 2014, the inventory was 69 homes on the market, 12 pending sales and there were 3 closed sales. Considerably greater sold homes for this year when compared to 2015. Mostly good news for Sewalls Point for a change.

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Sewalls Point Single Family Market Report May 2016

Vista del Lago June 2016 Market Report

06.09.16 by Gabe Sanders

Vista del Lago June 2016 Market Report

As of June 2016, there are 7 active listings in Vista del Lago. The list prices range from $44,900 to $76,900 for an average list price of $70,143 which equates to $76.24 per sq. ft. of living area. As of June 9 2016, these condos have been on the market for an average of 95 days.

There are currently 3 condos under contract which have not closed yet. List prices were from $47,900 to $74,900 for an average list price of $57,233 which equals $72.83 per sq. ft. of living area. These condos averaged 36 days on market before going under contract.

23 condos have sold in the past 12 months. Sales prices were from $27,000 to $86,000 with the average sales price being $54,061. This equals $62.25 pr sq. ft. of living area. The average days on market was 63 and these condos sold on average at 93% of list price.

The Vista del Lago condominium complex consists of over 500 condos located north of the Roosevelt Bridge and west of Federal Hwy (US-1) in North Stuart. This attractive complex is very conveniently located near shopping, restaurants and a quick drive to either downtown Stuart or Jensen Beach. Just a few minutes more and you can be on the Ocean in either Stuart or Jensen Beach.

Vista del Lago condos were first built in 1974 and the last one was completed in 1979. All the buildings are two story and contain both 2 Bedroom, 2 Bath and 1 Bedroom 1 Bath units. Sizes range from 1,014 sq. ft. of living space down to 631 sq. ft. 1 bedroom units. Many of these condos have attractive water views as well as some with golf course views of the Pine Lakes Golf Club.

There’s an active clubhouse with a large swimming pool as well as shuffleboard courts. No pets are permitted in Vista del Lago and this is an age restricted (55+) community. The HOA fees as of June 2016 were from the low $200’s for a 1 Bedroom unit to just under $300 per month for 2 Bedroom condos.

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Vista del Lago June 2016 Market Report

Bay Colony of Stuart June 2016 Market Report

06.06.16 by Gabe Sanders

Bay Colony of Stuart June 2016 Market Report

As of June 2016, there was only 1 active listing in the Bay Colony of Stuart. This home is listed for $649,000 or $207.88 per sq. ft. of living area. As of June 6, this home has been on the market for 154 days.

There are currently no homes under contract or pending.

2 homes have sold in the past 12 months. The sales prices were $735,000 and $1,275,000. The average sales price was $1,005,000 which equals $254.14 per sq. ft. of living area. These sales averaged 90% of listing price and the average days on market prior to going under contract was 85 days.

The Bay Colony of Stuart is an exclusive gated community lying on the shores of the North Fork of the Saint Lucie River. There are 34 home sites in Bay Colony and as of February 2016 only two vacant lots remain.

Many homes in Bay Colony are waterfront and enjoy gorgeous mile long wide open views of the river. Homes come in sizes from 3 bedroom, 2 bathroom homes of just over 2,000 sq. ft. of living area up to a 5 bedroom, 5 bathroom home with over 5,000 sq. ft. of living space and almost 6,300 sq. ft. under roof. Homes have been built from 1979 to the newest which was completed in 2005.

This community enjoys low HOA fees of only $775 per year which go towards maintaining the common areas and gate.

Excellent location that’s close to the Treasure Coast Mall and the shopping areas of US-1 in Jensen Beach as well as only a few minutes to the beaches of the Atlantic Ocean.

This community is in the Martin County School system and children attend the Felix Williams Elementary, Stuart Middle and Jensen Beach High Schools.

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Bay Colony of Stuart June 2016 Market Report

Tennis Villas June 2016 Market Report

06.05.16 by Gabe Sanders

Tennis Villas June 2016 Market Report

As of June 2016, there is only 1 condo for sale in the Tennis Villas. This condo is listed for $269,000 which is $308.84 per sq. ft. of living area. As of June 5, this condo has been on the market for 90 days.

There is one condo under contract which hasn’t closed to date. This condo was listed for $245,000 or $281.29 per sq. ft. of living area. This condo was on the market for 113 days before going under contract.

6 condos have sold in the past 12 months. Sales prices ranged from $210,000 to $267,000 with an average of $228,500 or $258.08 per sq. ft. of living area. These sales averaged 93% of listing price with an average days on market of 189 days.

About Tennis Villas

For those looking to live in a resort setting with the beaches of the Atlantic Ocean close by as well as a full service Marina, golf course, restaurants and fitness facilities without paying the premium price of most resorts, then the Tennis Villas in Indian River Plantation might just be the place for you.

The Tennis Villas are condos located just off the golf course and surrounded by the Atlantic Ocean to the east and the Indian River (Intracoastal) to the west. There are 92 units built in 1978 and 1979. They are all two bedroom and two bathroom condos with 871 sq. ft. of living area. The Tennis Villas are pet friendly and will allow one pet.

The Tennis Villas are in an excellent location, just a short walk to the beach and there’s a courtesy tram that is available to take residents and guests around the sprawling facilities of the Marriott resort at Indian River Plantation. Just a short drive to the grocery store, historic downtown Stuart and the many, many amenities that Martin County FL has to offer.

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Tennis Villas June 2016 Market Report

St Lucie Club Condos – June 2016 Market Report

06.03.16 by Gabe Sanders

St Lucie Club Condos – June 2016 Market Report

For early June 2016 there is only one available condo for sale in the St Lucie Club Condos (officially known as the Saint Lucie Club Apartment Homes Condo). This condo is listed for $249,900 or $184.97 per sq. ft. of living area and has been on the market for 28 days.

There are no condos currently under contract.

In the past 12 months, 3 St Lucie club condos have sold. Sales prices were from $125,000 to $157,000 for an average sales price of $143,633 which equals $92.64 per sq. ft. of living area. These condos went under contract in an average of 164 days and sold for an average of 102% of list price.

About the Saint Lucie Club Condos in Stuart Florida

I’m sure you’ve heard the term “location, location, location” when it comes to real estate. Well, the Saint Lucie Club Condos in Stuart FL is one of these places. Close to everything, yet conveniently located on quiet Saint Lucie Blvd just north of East Ocean Blvd and west of Snug Harbor.

These condos consist of 3 elevator buildings with 52 total units that were built from 1982 to 1984. Sizes range from 3 bedroom, 2 bathroom condos with 1,684 sq. ft. to 2 bedroom, 2 bathroom condos with either 1,488 or 1,351 sq. ft. of living area. The Saint Lucie Club has under building parking for at least one car along with ample guest spaces on their lush landscaped grounds. There’s also a community pool and shared tennis courts.

At the time this was written (June, 2016) HOA fees ranged from $480 per month to $510, depending on the building and the size of the condo. Rentals are permitted (with some restrictions) and pets (one small) are only permitted in one of the three buildings.

These spacious condos located in the heart of Stuart are close to downtown , shopping and the beaches and are highly sought after.

If any Saint Lucie Club Condos are on the market you can see them here.

St Lucie Club Condos – June 2016 Market Report

Sea Winds Condos June 2016 Market Report

06.02.16 by Gabe Sanders

Sea Winds Condos June 2016 Market Report

For June 2016 there are three condos available for sale in Sea Winds in Jensen Beach on Hutchinson Island. List prices range from a low of $229,900 to a high of $309,000 for an average list price of $269,300 which equals $194.34 per sq. ft. of living area. These condos have been on the market for an average of 86 days.

There is only 1 condo under contract. This condo was listed for $310,000 or $225.95 per sq. ft. of living area and was on the market for 163 days before going under contract.

In the past year, four condos have sold in Sea Winds. Sales prices ranged from $207,500 up to $270,000 for an average sales price of $241,875 which is $202.07 per sq. ft. of living area. These four condos averaged 53 days on the market before going under contract and sold for an average of 96% of the last listed price.

About Sea Winds Condos:

Sea Winds Condos in Jensen Beach FL

The Sea Winds Condos of Jensen Beach on Hutchinson Island is a one of a kind 12 story building with 8 condos per floor for a total of 96, 2 bedroom, 2 bathroom residences that were originally built in 1983. There are two end units for each side of the building with larger square footage and wrap around balconies with some magnificent views. These units have a spacious 1,414 or 1,397 sq. feet of living area enclosed plus the additional balcony space. The remaining four interior condos per floor feature 1,197 sq. ft. of living areas plus the balcony.

Sea Winds Condos in Jensen Beach FL

The residents of Sea Winds enjoy private beach access, a heated pool and clubhouse with a large common area and kitchen, as well as a tennis court, vehicle wash area, BBQ area and additional storage. Residents are allowed two pets not exceeding 15 lbs. each. Rentals are also permitted with a minimum 3 month duration.

Sea Winds Condos in Jensen Beach FL

The condo association fees were $1,190 per quarter as of May 2016, making Sea Winds one of the most affordable on Hutchinson Island in Jensen Beach. Sea Winds units don’t come on the market often as this is a highly desirable building.

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Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you may wish to consider:
Admiral – Atlantis – Claridge – 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 – Villa del Sol

Sea Winds Condos June 2016 Market Report

Royal Oak Towers May 2016 Market Report

05.31.16 by Gabe Sanders

Royal Oak Towers May 2016 Market Report

In May of 2016 there is only one available condo for sale in the Royal Oaks Towers of Stuart. This condo is listed for $129,000 or $114.26 per sq. ft. of living area and has been on the market for a total of 269 days.

There is one condo under contract. The list price was $123,500 which is $109.39 per sq. ft. of living area. This condo was on the market for 137 days prior to going under contract.

In the past 12 months, one condo has sold. The sales price was $100,000 which equals $88.57 per sq. ft. of living area. This condo was on the market for only 15 days prior to going under contract and sold for 86% of the listed price.

About: Royal Oak Towers Condos in Downtown Stuart

Royal Oak Towers in Downtown Stuart FL

One of the best locations in Stuart FL. This all ages condominium community is within walking distance of the Martin Memorial Hospital, Martin County Court House and School Headquarters as well as numerous medical and professional offices as well as the charming historical downtown Stuart area.

Royal Oak Towers in Downtown Stuart FL

This condominium complex consists of three adjoining buildings with only 18 units in total. There are only two residences per floor for each building with under-building covered parking available for most owners. All of the condos are 2 bedrooms and 2 bathrooms with a balcony and 1,129 sq. ft. of living area. There are common laundry areas for each building, though many unit owners have installed washer and dryer units in their condos.

Royal Oak Towers in Stuart FL Royal Oak Towers in Downtown Stuart

Amenities include a barbecue area and pool in the back of the complex and a picturesque fountain out front. There’s also a large sun deck that can be used for year round tanning or for parties.

The current association fees (April 2016) are $435.00 per month. These fees include building maintenance, pool, common area charges, trash pickup, painting, roof repair, reserve funds. All ages are welcome and up to one large pet is allowed. This is also one of the rare condo associations that allow trucks and motorcycles.

These homes are typically in great demand, so please contact us if you want to be notified when a residence comes up for sale.

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Royal Oak Towers May 2016 Market Report

Ocean Terrace Condos May 2016 Market Report

05.27.16 by Gabe Sanders

Ocean Terrace Condos May 2016 Market Report

For May 2016 there are no condos available for sale in the Ocean Terrace building in Indian River Plantation on Hutchinson Island in Stuart FL.

There are also no condos currently under contract.

In the past 12 months, 2 condos have sold in Ocean Terrace. Sales prices were $128,000 and $165,409 for an average sales price of $146,705 or $146.56 per sq. ft. of living area. Both of these were 1 bedroom condos. Sale prices averaged 95% of the last list price and these condos averaged 176 days on market before going under contract.

About the Ocean Terrace Condominiums in Indian River Plantation

The Ocean Terrace condos of Hutchinson Island in the Indian River Plantation complex of Stuart FL is a direct ocean front building. These units were built in 1981 with units having either ocean views or sweeping golf course and lake views of the Indian River Plantation Golf Course

There are 32 units with both two bedroom two bath condos of 1200 sq. ft. of living area and one bedroom one bath condos of 1001 sq. ft. of living area. Ocean Terrace is a four story elevator building and has the convenience of under building parking for residents. This is a pet friendly building with one large pet permitted for owners.

Current condo and management fees are around $700 per month.

Indian River Planation amenities include a golf course, full service marina, tennis courts, tiki bar and shuttle service around the complex and to the Hutchinson Island Marriott resort facilities.

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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 – Plantation Club Villas – Plantation House – Resort Villas – River Village – Riverbend – Riverwood – Tennis Villas

Ocean Terrace Condos May 2016 Market Report

Dunes Club Condos May 2016 Market Report

05.26.16 by Gabe Sanders

Dunes Club Condos May 2016 Market Report

For May 2016 there is one condo available to purchase in the Dunes Club on Hutchinson Island. The list price for this unit is $319,900 which equals $244.20 per sq. ft. of living area. This condo has been on the market for 32 days.

There are no condos currently under contract in the Dunes Club.

And, in the past twelve months, two condos have sold. Sales price were $305,000 and $360,000 for an average sales price of $332,500 or $274.81 per sq. ft. of living area. These two condos sold for an average of 96% of list price and went under contract in an average of 31 days after being listed.

About the Dunes Club Condos on Hutchinson Island

The Dunes Club Condos of Hutchinson Island just outside of the Indian River Plantation complex of Stuart FL is an oceanfront complex of spacious townhome style condos. These units were built in 1974. There are 18 residences; all are 2 bedroom and 3 bath condos with 1,310 sq. ft. of living area.

There is ample parking for all as well as a private swimming pool. The management fees at the time of this writing are $1,825 per quarter.

Though not actually a part of the Indian River Plantation, residents can join the beach club and enjoy the amenities which include a golf course, full service marina, tennis courts, tiki bar and shuttle service around the complex and to the Hutchinson Island Marriott resort facilities.

Click here to view available Dunes Club Condos for Sale

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

Dunes Club Condos May 2016 Market Report

Bay Colony of Stuart May 2016 Market Report

05.25.16 by Gabe Sanders

Bay Colony of Stuart May 2016 Market Report

For May of 2016 there is one home for sale in the Bay Colony of Stuart. This home is listed for $649,000 which is $207.88 per sq. ft. of living area. This home has been on the market for 141 days.

There is also one home under contract which has not closed at the time this report was written. The list price is $775,000 or $212.27 per sq. ft. of living area. This home was on the market for 84 days prior to going under contract.

And, in the past twelve months one home sold in the Bay Colony of Stuart with a sales price of $1,275,000 which equals $254.14 per sq. ft. of living area. This home was on the market for 83 days prior to going under contract and sold for 85% of list price.

About the Bay Colony of Stuart

The Bay Colony of Stuart is an exclusive gated community lying on the shores of the North Fork of the Saint Lucie River. There are 34 home sites in Bay Colony and as of February 2015 only two vacant lots remain.

Bay Colony of Stuart

This community enjoys low HOA fees of only $775 per year which go towards maintaining the common areas and gate (current as of October 2015).

Bay Colony of Stuart

Excellent location that’s close to the Treasure Coast Mall and the shopping areas of US-1 in Jensen Beach as well as only a few minutes to the beaches of the Atlantic Ocean.

This community is in the Martin County School system and children attend the Felix Williams Elementary, Stuart Middle and Jensen Beach High Schools.

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Bay Colony of Stuart May 2016 Market Report

Villa del Sol May 2016 Market Report

05.24.16 by Gabe Sanders

Villa del Sol May 2016 Market Report

For may 2016 there are three condos on the MLS in Villa del Sol on Hutchinson Island in Jensen Beach FL. List prices range from $125,000 to $220,000 for an average list price of $164,967 or $206.88 per sq. ft. of living area. These condos have been on the market for an average of 246 days.

There are two condos under contract in Villa del Sol. List prices were $275,000 and $235,000 for an average of $255,000 which equals $183.21 per sq. ft. of living area. These condos averaged 145 days on market prior to going under contract.

In the past 12 months, 4 condos have sold with sales prices from $130,000 up to $250,000 for an average sales price of $187,500 which is $114.78 per sq. ft. of living area. These condos sold for an average of 87% of list price and were under contract in an average of 203 days after being listed.

About the Villa Del Sol Condos on Hutchinson Island

Villa del Sol condos on Hutchinson Island in Jensen Beach

The Villa del Sol condominium on Hutchinson Island is the first set of condos north of the Jensen Beach Causeway in Saint Lucie County. This complex was completed between 1970 and 1974 and includes 73 units of condos as well as townhouse style condos from 1 Bedroom, 1 Bath units of 540 sq. ft. of living area under AC up to 2 Bedroom, 2.5 Baths, 2 story units of 1,394 sq. ft.

Villa del Sol condos on Hutchinson Island in Jensen Beach

This is an oceanfront complex with a community pool, private beach access and manager on site. 1 large pet is permitted and the rental policy allows rentals of 30 days or greater. As of this writing the condo fees are $426 per month.

Villa del Sol condos on Hutchinson Island in Jensen Beach

Great location only a short drive to downtown Jensen Beach as well as within walking distance of shops on Hutchinson Island.

Villa del Sol condos on Hutchinson Island in Jensen Beach

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Villa del Sol May 2016 Market Report

Hobe Sound FL 33455 Condo Market Report April 2016

05.23.16 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report April 2016

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

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

There are currently 5 active condo listings. (No change in active condos from March)

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

4 Condos sold. (Up by 1 from last month)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. April showed strong activity for the little existing inventory available for Hobe Sound Condos.

There were no sales in Hobe Sound condos for both January and March, but for April the absorption rate is 1.3 months, for December of 2015 it was 1.7 months. 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 may 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 April 2015 numbers were: 10 active listings, 2 pending sales and 5 closed sales. Considering we have just over half the active inventory from last year, this months sales volume is impressive.

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Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report April 2016

Hobe Sound FL 33455 Residential Market Report April 2016

05.22.16 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report April 2016

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

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

There are currently 217 active listings. (Up by 9 homes from March)

99 Residential sales are pending and awaiting close (Down by 17 homes from March)

54 Homes Sold in April (Down by 2 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County while still an active market is showing some signs of weakness with less close sales and pending sales and an increasing inventory.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 4.0 months (3.8 months in March). The second month in a row of being in a sellers market after two months of being in a balance one. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for April 2015 were: 178 active listings, 133 pending sales and 63 closed sales. Better activity last year even though there was less inventory. One of the few areas of Martin County with greater inventory than from 2015.

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