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Maritimes April 2016 Market Report

04.04.16 by

Maritimes April 2016 Market Report

As of April 2016, there is only one condo on the market in the Maritimes Condos and Townhomes on Hutchinson Island in Stuart FL.  The list price is $619,000 which equals $292.53 per sq. ft. of living area.

There are no Maritimes condos currently under contract.

There have been 5 condos sold in the past 12 months in the Maritimes.  The sales prices ranged from $195,000 to $613,000 for an average sales price of $385,800 which is equal to $203.72 per sq. ft. of living area and these sales averaged 94% of the last listing price.  The average days on market was 168 prior to accepting the offer leading to the sale.

Maritime Condos and Townhomes on Hutchinson Island

Entrance to the Maritimes

 

Maritime Condos and Townhomes on Hutchinson Island

Beach Access at the Maritimes

The Maritimes is one of the prime ocean to river communities on South Hutchinson Island in Stuart, FL.  Offering larger than normal homes on both the river and Oceanside settings.  The riverside (or Maritimes West has a lovely private sand beach with kayak storage for those not wishing to play in the surf or for those days when the it’s a bit windy on the beach side.  The Oceanside (Maritimes East) has private beach access as well as a heated pool when you’re finished frolicking in the crystal clear waters of the Atlantic Ocean.

 

Maritime Condos and Townhomes on Hutchinson Island

Docks of the Maritimes

Maritime Condos and Townhomes on Hutchinson Island

Views from the Maritimes

The Maritimes condos were constructed between 1975 and 1988.  With the oceanfront units being built first.  Living square footage range from just under 1300 sq. ft. 2 Bedroom condos to over 2100 sq. ft .condos and townhouses with 3 Bedrooms plus dens and a garage.

Maritime Condos and Townhomes on Hutchinson Island

Kayak Storage at the Maritimes

Maritime Condos and Townhomes on Hutchinson Island

River views from the Maritimes

Maritime Condos and Townhomes on Hutchinson Island

Tennis Court of the Maritimes


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Maritimes April 2016 Market Report

Sewalls Landing April 2016 Market Report

04.03.16 by

Sewalls Landing April 2016 Market Report

As of April 2016, there are two homes available for sale in Sewalls Landing, List prices are $449,000 and $900,000 for an average list price of $674,500 or $223.00 per sq. ft. of living area.

There are no homes currently under contract in Sewalls Landing.

In the past 12 months, 5 Sewalls Landing homes have sold.  Sales prices ranged from $405,750 to $1,100,000 for an average sales price of $648,750 which equals $223.42 per sq. ft. of living area. These sales averaged for 94% of list price and the homes averaged going under contract after 97 days on market.

There were no short sales or foreclosures (distressed sales) in any Sewalls Landing transactions this year.

 Sewalls Landing Jensen Beach FL

 Sewalls Landing is located at the northern tip of Sewalls Point, FL in Martin County.  Officially it is in Jensen Beach, but many residents of Sewalls landing consider themselves part of Sewalls Point.   Just across the street from the Dolphin Bar and Grill and within walking distance of marinas, boat ramps, Indian Riverside Park and much, much more.
Sewalls Landing Jensen Beach FLThis gated community consists of 51 home-sites (including 3 lots that are still vacant).  Homes in Sewalls Landing were built from 1992 to 2008 and are situated on generous sized lots from just under ½ acre to over ¾ of an acre.  Home sizes range from 2,000 to over 5,000 square feet of living areas.  Many homes feature 3 car garages.  Residents enjoy low HOA fees of $110 per month.

Sewalls Landing Jensen Beach FL

Children attend Felix Williams Elementary, Stuart Middle and Jensen Beach High Schools.  Easy access to the beaches as it’s just about equidistant from both the Stuart and Jensen Beach Causeways.  Close to shopping and medical facilities as well.  This is a much sought after community in Martin County, FL.

 Sewalls Landing Jensen Beach FL

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Sewalls Landing April 2016 Market Report

Lost River Plantation April 2016 Market Report

04.02.16 by

Lost River Plantation April 2016 Market Report

As of April 2016, there are 3 available homes for sale in the Lost River Plantation community of Stuart, FL.  Prices range from $729,000 to $799,000 for an average price of  $762,800 which equals $249.26 per sq. ft. of living area.

There are 3 homes under contract.  The listing prices ranged from $349,900 up to $749,900 or $205.94 per sq. ft. of living area.  These homes average 239 days on market before going under contract.

In the past 12 months, there have been 7 sales ranging in sales prices from $415,000 to $675,000 for an average sales price of $570,714 which comes out to $195.24 per sq. ft. of living area.  Sales prices averaged 95% of the last list price and these homes were on the market for an average of 104 days prior to accepting these offers.

 Lost River Plantation April 2016 Market Report

Lost River Plantation in Stuart, Florida consists of 111 homes all with private docks and Ocean access via the South Fork of the Saint Lucie River.  All, but just a handful of the homes have waterfront and dockage located in the backyard.  Suitable for deep draft ocean going vessels with some docks able to accommodate over 50’ vessels.  All homes are of newer construction (from 2004 to the present).  There are a limited number of new homes not on the MLS available now or to be built, please call us for details.

Lost River Plantation April 2016 Market ReportLost River Plantation April 2016 Market Report

This is a spectacular waterfront community with very private and protected waterfront areas.  There is a community marina with a clubhouse that offers a fitness center, kitchen and social rooms.  For those wishing to commute to pints north or south, Lost River is very conveniently located near the Interstate for easy access.  Yet, it’s only 10 to 20 minutes’ drive to the pristine beaches and  quaint downtown areas of Stuart, Florida.  Also close to shopping, restaurants as well as medical facilities.  Lost River Plantation is a tremendous opportunity for newer waterfront construction.  A rare gem in this real estate market!

Lost River Plantation April 2016 Market ReportLost River Plantation April 2016 Market Report

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Lost River Plantation April 2016 Market Report

 

The Evergreen Club March 2016 Market Report

03.28.16 by

The Evergreen Club March 2016 Market Report

There are 8 homes on the market in the Evergreen Club in late March of 2016.  List prices range from $399,00 to $600,000 for an average list price of $450,100 or $162.66 per sq. ft. of living space.

There is one home under contract.  Listed for $385,000 or $199.48 per sq. ft. of living area.  This home went under contract after 7 days on the market.

In the past 12 months, 22 homes have sold in the Evergreen Club.  Sales prices ranged from $272,000 to $640,000 or an average sales price of $411,345 which equals $151.82 per sq. ft. of living area.  These homes sold for an average of 97% of list price with an average of 49 days on market.

About the Evergreen Club Palm City Florida

Evergreen Club Real Estate in Palm City Florida

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Nestled in a secluded corner of Palm City, The Evergreen Club is an elegant gated community that it’s residents love to call home.  The community is close to it all; ‘A’ rated schools, boat ramps, theatres, fantastic local restaurants, shopping, and beautiful beaches!

Evergreen Club Real Estate in Palm City Florida Evergreen Club Real Estate in Palm City Florida

The Evergreen Club is known for its 18-hole championship golf course that does not require an expensive membership to play.  Every home is unique and will be sure to have something special about it that will charm you.  Located on a beautiful 520 acre parcel, each of the 299 homes feature at least one acre of land for a spacious non crowded feeling!  Enjoy all the beautiful Florida sights that The Evergreen Club has to offer, you may find yourself rarely wanting to leave home!  Golf club membership is not mandatory but if you are a member of The Evergreen Club you will enjoy full golf privileges, dining privileges and fun social events. There are no dining minimums, no assessments or large down payments.

Evergreen Club Real Estate in Palm City Florida

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The Evergreen Club

Renar River Place Condos March 2016 Market Report

03.27.16 by

Renar River Place Condos March 2016 Market Report

For March 2016 there are 4 condos for sale in Renar River Place.  List prices range from $199,900 to $499,900 for an average of $334,700 which works out to $185.21 per sq. ft. of living area.

There are two condos under contract which have not closed to date.  List prices are $319,900 and $326,900 for an average of $323,400 or $209.73 pr sq. ft. of living area.  These two condos averaged 78 days on market before accepting their contracts.

In the past 12 months, only one condo has sold in Renar River Place.  This condo sold for $315,000 which equates to $204.55 per sq. ft. of living space.  This was 94% of the final listing price and the sellers accepted this offer ater 289 days on market.

About Renar River Place in Downtown Jensen Beach

Renar River Place in Downtown Jensen Beach

One of the few newer condo communities in Martin County.  Renar River Place boasts spacious condos overlooking the Intracoastal Water Way (Indian River) right at the base of the Jensen Beach round about and causeway to Hutchinson Island.  There are also some townhouse style condos associated with this complex along with a limited amount of commercial space, making this the perfect work and live destination.

Renar River Place in Downtown Jensen Beach Renar River Place in Downtown Jensen Beach

Renar River Place is in a great location within an easy walk to all of the quaint shops and restaurants of Jensen Beach.  HOA fees vary by the size of the condo and location, so please call us for the latest cost.  This community is open to all ages and pets are also welcomed.  For those wishing to use this location as an investment, liberal rental rules will allow some excellent returns.

Renar River Place in Downtown Jensen Beach

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Lake Grove March 2016 Market Report

03.26.16 by

Lake Grove March 2016 Market Report

There are currently 3 homes for sale in Lake Grove of Palm City, FL. List prices range from $488,800 to 749,000. The average list price equals $587,566 which is $190.59 per sq. ft. of living area.

1 home is under contract and awaiting sale. The list price was $510,000 which equals $186.27 per sq. ft. of living area.  This home was on the market for 189 days prior to accepting this offer.

In the past 12 months, 7 homes have sold in the Lake Grove. Sale prices ranged from $367,000 to $640,000 with an average sale price of $506,642 or $160.28 per sq. ft. of living area.  These homes averaged 76 days on market prior to accepting these sales offers and sold for an average of 96% of the last listed price.

 

Located south on Mapp Road in Palm City is the community of Lake grove which is comprised of 64 homes built around a square shaped lake.  Lake Grove lies in a lovely private location will all home sites on at least ½ acre of land.

Lake Grove in Palm City

Homes range in sizes from over 4,500 sq. ft. of living space with 5 bedrooms, 4 baths and a three car garage down to just over 2,000 sq. ft. homes with 3 bedrooms and two bathrooms and 2 car garages.  As of March 2016, the Lake Grove HOA fees are a very reasonable $275 per quarter.

Lake Grove in Palm City

The common areas include two tennis courts, landscaped common areas and a fishing dock on the lake.  There’s also a dedicated trailer/RV/boat parking lot for residents.

Lake Grove in Palm City

Lake Grove children attend ‘A’ rated Martin County Schools and are currently zoned for the Palm City Elementary School, Hidden Oaks Middle School and Martin County High School.  (To search for homes within Martin County school districts visit my school search pages here.)

Lake Grove in Palm City

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If you like the Lake grove community, you may also have an interest in its sister community: Orchid Bay.

Click here for the current Orchid Bay Homes for Sale

Lake Grove March 2016 Market Report

Westwood Country Estates Palm City March 2016 Market Report

03.25.16 by

Westwood Country Estates Palm City March 2016 Market Report

As of March 2016, there is only 1 home on the market in Westwood Country Estates in Palm City, FL.  The list price is $498,000 which equals $163.28 per sq. ft. of living area.

There are no homes currently under contract (pending sales)

There have been 5 homes sold in the past 12 months in Westwood Country estates.  Sales prices ranged from $330,000 to  $440,000 for an average of $165.51 per sq. ft. of living area.  These sales averaged  for 94% of the list price and went under contract in an average of 75 days on market.

Westwood Country Estates Palm City March 2016 Market Report Florida

 Westwood Country Estates in Palm City, FL  is a wide open, gorgeous community that features statuesque homes that are beautifully placed on oversized lots of ½ acre or more, that will give you and your family plenty of room to grow!  Wonderfully landscaped throughout, Westwood Country Estates will make you feel proud to come home to.  Every home is unique and there is sure to be one you will fall in love with!

Palm City is a great place to raise a family with its “A” rated schools and proximity to I-95 and Florida’s Turnpike which opens you to all the opportunities of both Martin County and it’s neighbors, just a short drive North or South!  Martin County has lots of recreational areas and opportunities to enjoy many opportunities outdoors with your family!

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Westwood Country Estates Palm City March 2016 Market Report

Cobblestone Country Club March 2016 Market Report

03.24.16 by

Cobblestone Country Club March 2016 Market Report

For March 2016 there are 8 homes for sale in the Cobblestone Country Club of Palm City, FL.  List prices range from $449,000 to 699,900. The average list price equals $551,600 which is $177.49 per sq. ft. of living area.

3 homes are under contract and awaiting sale.  List prices are from $359,900 to 400,000 for an average of $386,466 which equals $170.06 per sq. ft. of living area.   These homes were on the market for an average of 0nly 20 days before going under contract.

In the past 12 months, 7 homes have sold in the Cobblestone Country Club.  Sale prices ranged from $310,000 to $510,000 for an average sale price of $410,571 which equals $138.80 per sq. ft. of living area. These homes sold for an average of 94% of list price and went under contract in an average 0f 190 days after being listed.

 

Cobblestone Country Club

Cobblestone Country Club March 2016 Market Report

Located just west of the center of Palm City, Cobblestone Country Club is a peaceful neighborhood of 512 acres with only 238 residences providing generous amounts of space around each home. This upscale community is adjacent to exit 110 on I-95 with easy access to all that Palm Beach County to the South and Orlando to the North, has to offer while enjoying the laid back low growth lifestyle, lower taxes and superior school systems that Martin County offers. Residents enjoy coming home to picturesque views of lakes, preserves and the 18-hole private Fox Golf Course in the Cobblestone Country Club. Homes in Cobblestone consist of new custom built homes and a selection of quality newer resales. 

Cobblestone Country Club March 2016 Market Report

Cobblestone Country Club March 2016 Market Report

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Cobblestone Country Club March 2016 Market Report

Moon River Jensen Beach March 2016 Market Report

03.23.16 by

Moon River Jensen Beach March 2016 Market Report

For March 2016, there are no homes currently available for sale from the MLS (Multiple Listing Service) of Martin County Florida

There are also no Moon River homes currently pending (under contract).

There have been 4 homes sold in the past 12 months in Moon River.  Sales prices ranged from $285,000 to $420,000 for an average sales price of $331,250 which equals $205.91 per sq. ft. of living area and these sales averaged 94% of list price.  The average days on market was 158 days prior to an accepted contract.

Moon River on Hutchinson Island in Jensen Beach

Moon River is a community of 51 attached and 3 detached homes that were built from 1998 to 2003. This is a gated waterfront community with ocean access docks as well as a community pool and clubhouse. Two tennis courts are also available and shared with the neighboring community of Fairwinds Cove.

Moon River on Hutchinson Island in Jensen Beach
Home sizes range from 3 Bedroom, 3 bathroom two story homes with over 2.700 sq. ft. of living area down to 2 Bedroom, 2 bathroom, 1 story homes of just under 1,400 sq. ft. of living space. Most of these homes have 2 car garages with a few actually offering covered parking for up to 4 cars. 

Moon River on Hutchinson Island in Jensen Beach
This is a pet friendly community allowing for up to two pets that are no larger than 50 lbs. HOA fees at the time of this post were $343 per month (payable quarterly). 
Moon River lies on the east side of the Jensen Beach Causeway in Martin County Florida. It’s only a short walk or bike ride to the public beach on the Atlantic Ocean. It’s also close to shopping, restaurants and the remaining wonderful amenities that Martin County has to offer.

Moon River on Hutchinson Island in Jensen BeachMoon River is an excellent choice for both full time residents and for those wishing to have their winter oasis away from the cold north.

Moon River on Hutchinson Island in Jensen Beach

The current Martin County Schools for Sugar Hill are Jensen Beach Elementary School, Stuart Middle School and Jensen Beach High School

Here are the currently available homes in Moon River in Jensen Beach

 For any questions you may have about March 2016 Market Report for Moon River in Jensen Beach, please call the Gabe Sanders BlueWater Realty team at 772-323-6996 or Contact Us Here

Jensen Beach Florida Real Estate

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

Moon River Jensen Beach March 2016 Market Report

Hobe Sound FL 33455 Condo Market Report February 2016

03.22.16 by

Hobe Sound FL 33455 Condo Market Report February 2016

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

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

There are currently 9 active condo listings. (Increased by 3 condos from January)

Hobe Sound FL 33455 Condo Market Report February 2016

5 Condos are pending and awaiting close. (Up by 3 condos from January)

Hobe Sound FL 33455 Condo Market Report February 2016

No Condos sold in February (Same as January)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  February brought the second month of no condo sales, something that hasn’t happened since I’ve been tracking this market.  With a small increase in inventory and pending sales, I expect to see at least one or two closed sales for March.

No possible absorption rate number for this month with zero sales, for December of 2015 it was 4 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 February 2015 numbers were: 19 active listings, 5 pending sales and 3 closed sales.  Our pending sales are the same as last year, otherwise there was better activity in 2015.

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Hobe Sound FL 33455 Condo Market Report February 2016

Hobe Sound FL 33455 Residential Market Report February 2016

03.21.16 by

Hobe Sound FL 33455 Residential Market Report February 2016

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

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

There are currently 206 active listings. (Down by 6 homes from January)

Hobe Sound FL 33455 Residential Market Report February 2016

116 Residential sales are pending and awaiting close  (Up by 40 homes from January)

Hobe Sound FL 33455 Residential Market Report February 2016

27 Homes Sold in February (Down by 8 homes from last month)

Hobe Sound FL 33455 Residential Market Report February 2016

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County had a very strong pending sales gain as compared to last month (and previous months), while after two months of increasing inventory. this month saw a decline.  Closed sales were off for the month, but with the pending numbers so good, I expect to see increases for the next few months.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 7.6 months (6.1 months in January).  Into a buyers’ market for February after last months balanced market. Though with the strong rise in pending sales I expect to go back into a sellers market in the next month or two.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for February 2014 were:  250 active listings, 98 pending sales and 35 closed sales. Much stronger pending sales this year and weaker closed sales along with a much smaller inventory of available homes.

Hobe Sound FL 33455 Residential Market Report February 2016

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Hobe Sound FL 33455 Residential Market Report February 2016

Jensen Beach FL 34957 Condo Market Report February 2016

03.20.16 by

Jensen Beach FL 34957 Condo Market Report February 2016

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

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



There are currently 26 active listings. (Decreased by 13 condos from January)

Jensen Beach FL 34957 Condo Market Report February 2016

18 Condo sales are pending and awaiting settlement. (Decreased by 1 condos from January)

Jensen Beach FL 34957 Condo Market Report February 2016

11 Condos Sold (Increased by 5 condos from January)

Jensen Beach FL 34957 Condo Market Report February 2016

 The Jensen Beach FL 34957 Condo Market Report February 2016 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  A very unexpected and dramatic drop of active condos for sale (inventory), while both pending sales and closed sales increased from the previous month.  The future months may be problematic unless the inventory increases.

The one month absorption rate for the February 2016, Jensen Beach Florida Market Report ZIP Code 34957 plunged to 2.4  months (from 6.5 months in January), bringing this segment of the Martin County condo market back into an extreme sellers market again, after one month as a balanced market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The February 2015 numbers were: 40 active listings, 14 pending sales and 9 condos closed.  Better activity this year when compared to last year even though we only have a little more than half the inventory from last year.

Jensen Beach FL 34957 Condo Market Report February 2016

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Jensen Beach FL 34957 Condo Market Report February 2016

Jensen Beach FL 34957 Residential Market Report February 2016

03.19.16 by

Jensen Beach FL 34957 Residential Market Report February 2016

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

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

 There are currently 128 active listings. (Down by 9 homes from last month)

Jensen Beach FL 34957 Residential Market Report February 2016

66 Residential sales are pending and awaiting close or lender approval. (Up by 6 homes from January)

Jensen Beach FL 34957 Residential Market Report February 2016

20 Homes Sold (Decreased by 10 homes from January)

Jensen Beach FL 34957 Residential Market Report February 2016

The Jensen Beach FL 34957 Residential Market lost some of the rise in inventory from last month but did have a small increase in pending sales along with a larger drop in closed sales.  But, this has just brought the Jensen Beach market back into a balanced one.  Which is still a good market.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 6.4 months (was 4.6 months in January).  Transitioning into a balanced market.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The February 2015 numbers were: 146 active listings, 85 pending sales and 26 home sales closed.   Somewhat better activity last year along with reduced availability of homes this year.
Jensen Beach FL 34957 Residential Market Report February 2016

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Jensen Beach FL 34957 Residential Market Report February 2016

Palm City FL 34990 Condo Market Report February 2016

03.18.16 by

Palm City FL 34990 Condo Market Report February 2016

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

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



There are currently 65 active condo listings. (Increased by 1 condos from January)

   Palm City FL 34990 Condo Market Report February 2016

15 Condo sales are pending and awaiting close or lender approval. (Up by 6 condos from last month)

Palm City FL 34990 Condo Market Report February 2016

6 Condos Sold in February. (Up by 4 condos from January)

Palm City FL 34990 Condo Market Report February 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For this month, we had some nice increases in both pending and closed sales while the inventory stayed almost constant.

The current absorption rate for condos in the 34990 zip code area dropped to 10.8 months (was 34 months in February).   Still a buyers market for Palm City condos, but trending towards a balanced one.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The February 2015 numbers were: 54 active listings, 13 pending sales and 4 closed sales.   Slightly better activity this year when compared to February of 2015, but we also have a greater inventory of available condos for sale.  Very unusual for today’s market.
Palm City FL 34990 Condo Market Report February 2016

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Palm City FL 34990 Condo Market Report February 2016

Palm City FL 34990 Residential Market Report February 2016

03.17.16 by

Palm City FL 34990 Residential Market Report February 2016

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

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

 

There are currently 415 active listings (Increased by 15 homes from January)

Palm City FL 34990 Residential Market Report February 2016

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

Palm City FL 34990 Residential Market Report February 2016

56 Homes Sold in January (Increased by 7 sold homes from January)

Palm City FL 34990 Residential Market Report February 2016

The Palm City FL, zip code 34990, residential real estate market continued to show positive results month to month and remains a solid performing market.  With the strong pending sales numbers I expect the Palm City residential market to be back into a balance market soon, if not all the way to a sellers’ market.
The monthly absorption rate decreased to to 7.4 months from 8.2 months in January.  A buyers market for the second month in a row 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 February 2015 numbers were:  450 active listings, 164 pending sales and 55 closed sales.  Very similar activity to February of 2015 with a bit lower inventory this year.

Palm City FL 34990 Residential Market Report February 2016

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Palm City FL 34990 Residential Market Report February 2016

Stuart FL 34997 Condo Market Report February 2016

03.16.16 by

Stuart FL 34997 Condo Market Report February 2016

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

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

There are currently 78 active condo listings (Down by 1 condos from January).

Stuart FL 34997 Condo Market Report February 2016

38 Condo sales are pending and awaiting close or lender approval (Increased by 9 condos from January).

Stuart FL 34997 Condo Market Report February 2016

9 Condos Sold in February (Increased by 1 condos from January).

Stuart FL 34997 Condo Market Report February 2016

     The Stuart FL condo market for zip code 34997 started off 2016 with a slow start.  Slightly better numbers for the second month of 2016, but still not nearly as strong as last year.  Plenty of room for improvement!
     The one month absorption rate jumped to 8.7 months from 3 months for January.  Back into a buyers market after last months very strong sellers market. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The February 2014 numbers were: 44 active listings, 250 pending sales and 13 closed sales.  Better activity last year even with considerably lower inventory in 2015.  One of the few areas of Martin County with significantly more inventory this year when compared to last year.

Stuart FL 34997 Condo Market Report February 2016

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

Stuart FL 34997 Residential Market Report February 2016

03.15.16 by

Stuart FL 34997 Residential Market Report February 2016

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

There are currently 321 active listings (Increased by 22 homes from January).

Stuart FL 34997 Residential Market Report February 2016

175 Residential sales are pending and awaiting close or lender approval (Increased by 19 homes from January).

Stuart FL 34997 Residential Market Report February 2016

58 Homes Sold in February (Decreased by 30 homes from January)

Stuart FL 34997 Residential Market Report February 2016

      The Stuart Florida Residential Market for ZIP Code 34997 continues as the largest and the strongest segment of the Martin County single family real estate market.  After a very hot month of sales last month, closed sales dropped for February, but both available inventory and pending sales rose.  This should be an excellent sign for future activity.
     The current one month absorption rate rose to 5.5 months (was 3.4 months for January).  Still a sellers market for the 34997 segment of the Stuart residential market for the beginning of 2016.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2014 numbers for February, were: 373 active listings, 202 pending listings and 72 closed sales.  Unfortunately the volume of activity was a bot stronger last year, though also with greater inventory.
Stuart FL 34997 Residential Market Report February 2016

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Stuart FL 34997 Residential Market Report February 2016

Stuart FL 34996 Condo Market Report February 2016

03.14.16 by

Stuart FL 34996 Condo Market Report February 2016

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

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

There are currently 118 active condo listings (Down by 5 condos last month).

Stuart FL 34996 Condo Market Report February 2016

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

Stuart FL 34996 Condo Market Report February 2016

18 Condos Sold in February (Increased by 7 condos from January) 

Stuart FL 34996 Condo Market Report February 2016

The Stuart FL 34996 Condo Market of Stuart showed considerable improvement over a pretty weak January with increases in closed and pending sales.  Unfortunately, also a decrease in inventory, giving buyers less of a selection.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 decreased to 6.6 months from January’s 11.2 months.  Back into a balanced market for February.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for February 2014 were: 122 active listings, 60 pending sales and 25 closed sales.  Still not as strong a market for condos in this zip code when compared to 2015.

Stuart FL 34996 Condo Market Report February 2016

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Stuart FL 34996 Condo Market Report February 2016

Stuart FL 34996 Residential Market Report February 2016

03.13.16 by

Stuart FL 34996 Residential Market Report February 2016

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

 

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

 

There are currently 154 active listings (Down by 6 homes from January).

Stuart FL 34996 Residential Market Report February 2016

55 Residential sales are pending and awaiting close or lender approval (Up by 13 homes from January).

Stuart FL 34996 Residential Market Report February 2016

12 Homes Sold in February (Increased by 2 homes from January).

Stuart FL 34996 Residential Market Report February 2016

The 34996 zip code area of the Stuart Florida residential real estate market remains slightly slower than many of the neighboring Stuart zip codes.  Though, the large pending numbers are a good sign for future sales.

The one month absorption rate for the 34996 zip code area of Stuart Florida for February decreased to 12.8 months as compared to January’s 16 months.  Still a strong buyers market for this section of Martin County, but this number should improve when the strong pending numbers translate into sales.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for February of 2014 were: 158 active listings, 39 pending sales and 12 closed sales.  Very similar inventory and closed sales as compared to 2015, but there’s quite a bit better pending inventory this year which should make for some excellent sales numbers for the coming months.

Stuart FL 34996 Residential Market Report February 2016

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

Stuart Florida Real Estate presented by:

the Gabe Sanders real estate team

Stuart FL 34996 Residential Market Report February 2016

Stuart FL 34994 Condo Market Report February 2016

03.12.16 by

Stuart FL 34994 Condo Market Report February 2016

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

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

 

There are currently 91 active condo listings (down by 11 condos from January).

Stuart FL 34994 Condo Market Report February 2016

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

Stuart FL 34994 Condo Market Report February 2016

20 Condos Sold in February (Up by 5 condos from January).

Stuart FL 34994 Condo Market Report February 2016

The Stuart FL 34994 Condo market picked up steam for the second month of 2016 with strong activity in all areas.  Increases in both sales and pending sales, though down in inventory.

The one month absorption rate increased to 4.6 months compared to last month’s 6.8.   Back into a strong sellers market after last months’ balanced one.  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 February the numbers were 95 active listings, 45 pending sales, and 12 closed sales.   Better closed activity this year with very similar inventory levels, with less pending sales though.

Stuart FL 34994 Condo Market Report February 2016

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

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