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Sewalls Point Single Family Market Report December 2015

01.10.16 by Gabe Sanders

Sewalls Point Single Family Market Report December 2015

Sewalls Point Real Estate Snapshot, Residential Sales for December 2015

There are currently 51 active listings (Down by 11 homes since last month)

13 home sales are pending and awaiting close or lender approval (Increased by 4 homes from November)

3 Homes sold in December (Down by 5 sales from November)

The single family real estate market in Sewalls Point had a poor month for closed sales in December, though other indications of future activity look very positive. The inventory is down to a much more reasonable level from past months and pending sales are also looking very positive.

The current absorption rate climbed to 17 months, in November it was 7.8 months. a strong buyers market for Sewalls Point. Though, if the trend for improving sales continue, this may soon come to an end. A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to December of 2014, the inventory was 57 homes on the market, 8 pending sales and there were 18 closed sales. Considerably better closed activity last year for the Sewalls Point single family home market, though pending sales look better this year.

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Rental Properties

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

Vacant Land Properties

Residential Properties

Sewalls Point Single Family Market Report December 2015

Edgewater Villas Condominiums January 2016 Market Report

01.09.16 by Gabe Sanders

Edgewater Villas Condominiums January 2016 Market Report

For January 2016 there are 3 condos available for sale in the Edgewater Villas of Stuart FL. List prices range from $385,000 to $499,000 which averages to $428,000 or $267.94 per sq. ft. of living area.

There are no units under contract at this time.

In the past 12 months, 1 condo has sold. The sales price was $335,000 or $214.61 per sq. ft. of living area. This condo sold for 95% of the list price and went under contract 23 days after it was listed.

Edgewater Villas Condominiums

Edgewater Villas real estate in Stuart FL

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

Edgewater Villas real estate in Stuart FL

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

Edgewater Villas real estate in Stuart FL

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

Edgewater Villas real estate in Stuart FL

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

Edgewater Villas real estate in Stuart FL

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

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January 2016 Market Report Circle Bay Waterfront Condos Stuart FL

01.08.16 by Gabe Sanders

January 2016 Market Report Circle Bay Waterfront Condos Stuart FL

As of January 2016, there are 7 condos for sale in the Circle Bay Yacht Club of Stuart FL. Listing prices range from $149,900 to $215,000. The average listing price $176,528 which equals a price per square foot of living area of $176.93.

There are 4 Circle Bay condos under contract and awaiting close. The list prices are from $129,900 to $259,000 for an average list price of $174,400 which equals $162.18 per sq. ft. of living area. These condos averaged 123 days on market prior to receiving an acceptable offer.

In the past 12 months, 19 Circle Bay Waterfront Condos have sold. Sales prices ranged from $90,000 to $220,000 for an average sales price of $160,060 which is $154.08 per sq. ft. These condos sold for an average of 94% of the last listed price and in an average of 118 days on market prior to accepting an offer that resulted in the sale.

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

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Circle Bay Waterfront Condos Homes for Sale in Palm City Florida

January 2016 Market Report Circle Bay Waterfront Condos Stuart FL

Jensen Park Estates January 2016 Market Report

01.07.16 by Gabe Sanders

Jensen Park Estates January 2016 Market Report

Currently 2 homes are available for sale in Jensen Park Estates. These homes are listed for $269,900 and $282,000 for an average list price of $275,950 which also equals $163.34 per sq. ft. of living area.

There are three homes under contract and awaiting closing. List prices are from $229,000 to $282,000 for an average list price of $255,900 or $149.08 per sq. ft. of living area. These homes were on the market for 41 days prior to accepting an offer.

In the past 12 months, 25 Jensen Park Estates homes have sold. Sales prices ranged from a low 0f $52,100 up to $329,000 for an average sales price of $234,317 which equals $132.10 per sq. ft. of living area. These sales averaged 96% of listing price and averaged 62 days on market before going under contract.

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

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

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

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

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

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

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January 2016 Copperleaf Market Report

01.06.16 by Gabe Sanders

January 2016 Copperleaf Market Report

There are currently 5 homes actively listed in Copperleaf in Palm City, Florida. List prices range from a low of $349,900 to a high of $1,095,000. The average list price is $699,260 which equals $213.58 per square foot of living area.

There are two homes under contract awaiting closing. The list prices are $284,900 and $327,000 which averages to a $305,950 list price and $149.05 per square foot of living area. These homes averaged 52 days on market before accepting these offers.

In the past 12 months, 19 homes have sold in Copperleaf with an average sales price of $425,231 at $140.32 per square foot of living area and at 96% list to sales price ratio. The lowest sales price was $270,000 while the highest was $1,050,000. These sales averaged at 96% of the last list price and were under contract in an average of 61 days.

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

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

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

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

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

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

Palm City Florida Real Estate

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

January 2016 Copperleaf Market Report

January 2016 Market Report High Point Sewalls Point

01.05.16 by Gabe Sanders

January 2016 Market Report High Point Sewalls Point

As of January 2016, there are 7 homes available for sale on High Point and High Point Isle in Sewalls Point, FL. Listing prices range from $619,000 to $4,700,000. The average listing price is 1,948,142 which equals $457.31 per square foot of living area.

There are no High Point homes under contract and awaiting close.

In the past 12 months, 5 High Point homes have sold. Sales prices ranged from $509,000 to $3,350,000 for an average sales price of $1,752,800 which equals 419.39 per sq. ft. of living area and for an average sale price of 91% of the last listed price. These homes were on the market for an average of 171 days prior to accepting an offer.

Located on the southern tip of Sewalls Point, High Point and High Point Isles is an oasis of beautiful homes on high elevation lots yet just minutes away from the clear blue waters of the Atlantic ocean.

High Point Isles is the eastern section of the High Point peninsula and consists of all waterfront homes in the intracoastal waterway and within sight of the Saint Lucie Inlet for access to the Atlantic. Ringing the south and west circumference of High Point are additional waterfront estates with deep water, high elevation and spectacular views of the Saint Lucie and Indian Rivers.

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

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

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

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Sewalls Point Real Estate is presented by:

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January 2016 Market Report High Point Sewalls Point

Palm Beach County November 2015 Market Report

01.04.16 by Gabe Sanders

Palm Beach County November 2015 Market Report

Market Highlights

“Although we are still in a seller’s market, November statistics showed signs that we are moving towards a more neutral real estate market that favors neither seller nor buyer. The median sale price for single family homes is leveling, fluctuating between $285,000 and $295,000 for the 5^th consecutive month, and months’ supply of inventory is continuing to inch towards the benchmark for equality. Said Matt Halperin, 2015 President of the Realtors® Association of the Palm Beaches (RAPB).

Market Detail (Year-over-Year)

In the single family homes sector, we saw gains in the following categories year-over-year: closed sales increased 7.4% from 1,104 to 1,186 transactions, median sale price increased 11.3% from $265,012 to $295,000, and average percent of original list price received increased 0.5% from 93.0% to 93.5%. Meanwhile, median days on market decreased 40.3% from 62 to 37 days, and inventory levels continued to decline, down 3.6% from 7,591 to 7,320 active listings and down 15.9% from 5.7 to 4.8 months’ supply.

In the townhouses/condos sector, we saw gains in the following categories: closed sales increased 2.1% from 847 to 865 transactions, median sale price increased 5.3% from $133,000 to $140,000, and average percent of original list price received increased 1.1% from 92.1% to 93.1%. Meanwhile, median days on market decreased 33.3% from 54 to 36 days, and inventory levels continued to decline, down 1.0% from 6,231 to 6,170 active listings and down 6.8% from 5.6 to 5.2 months’ supply.

Palm Beach County November 2015 Market Report

Rocky Point Estates January 2016 Market Report

01.02.16 by Gabe Sanders

Rocky Point Estates January 2016 Market Report

There are currently 3 homes available for sale in Rocky Point Estates. List prices are from $239,900 to $269,000 for an average list price of $257,966 which equals $168.62 per sq. ft. of living area.

Two homes are under contract. List prices are $329,000 and $375,000 for an average list price of $352,000 or $196.75 per sq. ft. These two homes averaged only 6 days on the market prior to receiving an accepted offer.

In the past 12 months, 13 homes have sold in Rocky Point Estates. Sales prices ranged from $200,000 up to $430,000 for an average sales price of $294,307 which works out to $170.66 per sq. ft. of living area. These homes sold for an average of 95% of the last list price and in 81 days of being on the market prior to receiving an accepted offer.

Rocky Point Estates

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

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

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

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

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Rocky Point Estates January 2016 Market Report

St Lucie County November 2015 Market Report

12.31.15 by Gabe Sanders

St. Lucie County November 2015 Market Report

“I am happy to report that St. Lucie County’s real estate market indicators revealed that we ended November on a positive note! Home seller confidence continued to rise as new listings increased by 15%, and buyers continued to offer on average 96% of original list prices. Earlier in this year, Bloomberg Business stated that Port St. Lucie will be one of the leading cities in the nation to see economic growth in 2016, and we appear to be on track to meet those expectations. On behalf of the REALTORS® of St. Lucie County, I would like to extend ‘Happy Holidays and Happy New Year’ to you and your family. Said Kathy J. Slusser, Northern Vice President of the Realtors® Association of the Palm Beaches (RAPB).

St. Lucie County November 2015 Market Report

Martin County November 2015 Market Report

12.30.15 by Gabe Sanders

Martin County November 2015 Market Report

“As we have seen throughout the year in our county, property values continue to appreciate, while supply remains low. The median sale price for single family homes is up 13% compared to last November, according to Florida Realtors®, and our months’ supply of inventory is down 21.5% to 4.8 months. Will these trends continue? All indications seem to suggest low supply and higher prices will remain for at least another year. Whether you are buying or selling, seek the expertise of a local REALTOR® who can help you navigate through the unique challenges of Martin County’s real estate market,” said John Slivon, Treasurer of the Realtors® Association of the Palm Beaches (RAPB).

Give us a call if you have any questions or require information about the current real estate market in Martin County.
(772) 323-6996

Martin County November 2015 Market Report

River Village December 2015 Market Report

12.30.15 by Gabe Sanders

River Village December 2015 Market Report

There is only one River Village Condo available for sale as of late December 2015. The list price for this condo is $359,000 which equals $370.10 per sq. ft. of living area.

There is also one condo under contract that has yet to close. The list price was $249,900 which equals $257.63 per sq. ft. of living area. This condo was on the market for over 200 days prior to accepting this offer.

In the past 12 months, 3 condos have sold in River Village. Sales prices ranged from $229,900 up to $290,000 for an average sales price of $268,633 or $258.78 per sq. ft. of living area. These condos sold for an average of 92% of the last listing price and were on the market for an average of 25 days prior to accepting a contract.

River Village in Indian River Plantation

The River Village condos of Hutchinson Island in the Indian River Plantation complex of Stuart consist of four four story elevator buildings close to the Marriott Resort and full service marina in Indian River Plantation. These units were built in 1980 with most units having views of the Intracoastal Waterway also knows as the Indian River.

There are 64 units all are two bedroom two bath condos of with either 1,068 or 970 sq. ft. of living area. This is a pet friendly building. River Village residents enjoy their own community pool for River Village resident’s exclusive use.

Current condo and management fees are around $1,475 per quarter.

River Village December 2015 Market Report

Sailfish Cove December 2015 Market Report

12.29.15 by Gabe Sanders

Sailfish Cove December 2015 Market Report

There are two homes available for sale in Sailfish Cove. The listing prices for these two homes are $1,295,000 and $1,650,000 for an average list price of $1,472,500 or $409.44 per sq. ft. of living area.

There are no homes under contract at this time.

There have been no sales in the past 12 months in Sailfish Cove on Hutchinson Island.

Sailfish Cove on Hutchinson Island

Sailfish Cove real estate

Sailfish Cove is located on Hutchinson Island in Jensen Beach FL. It is also known as Rigels Cove as the name was changed to Sailfish Cove just a little over a year ago. Just a little under a mile to the south of the Jensen Beach Causeway on the shores of the Intracoastal Waterway (also known as the Indian River).

Sailfish Cove real estate

Sailfish Cove was first developed in 1993 and only 11 homes make up this small subdivision with all homes having ocean access waterfront docks. Home sizes range from just under 3,000 sq. ft. of living area up to almost 5,000 sq. ft. HOA fees are approximately $400 a month as of July 2015. These fees include lawn and landscaping, maintenance of the common areas and the gate.

Sailfish Cove real estate

Residents of Sailfish Cove enjoy being in the ‘A’ rated Martin County School System and are just a few minutes from both downtown Jensen Beach as well as historic downtown Stuart FL. Lots of great shopping and amenities close by as well.

Sailfish Cove real estate

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Sailfish Cove December 2015 Market Report

Ocean View Condos December 2015 Market Report

12.26.15 by Gabe Sanders

Ocean View Condos December 2015 Market Report

Only one ocean View condo is currently on the market. This is a riverfront unit that is listed for $264,000 or $215.16 per sq. ft. of living area.

No condos are currently under contract in Ocean View.

In the past 12 months, 3 condos have sold in Ocean View. Sales prices were from $202,000 up to $255,000 with an average sales price of $235,666 or $190.72 per sq. ft. These three condos sold for an average of 94% of list price and were on the market an average of 205 days prior to having an accepted offer.

Ocean View Condo on Hutchinson Island

Located on the unspoiled Barrier Island of Hutchinson Island in Jensen Beach, Florida in Martin County, the Ocean View Condominium complex consists is a complex of five separate condominium buildings. Two of which are on the ocean and the remaining three on the Intracoastal waterway. Amenities include heated pools, docks available for sale or lease as well as tennis. All conveniently located between the Stuart and Jensen beach Causeways in beautiful Martin County, FL

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Harbour Ridge December 2015 Market Report

12.24.15 by Gabe Sanders

Harbour Ridge December 2015 Market Report

Homes:

There are currently 49 homes available for sale in Harbour Ridge. Listing prices range from $4,500 up to $1,690,000 for an average list price of $438,984 ($279,000 – median) which equates to $150.36 per sq. ft. of living area ($17.81 – median).

There are three homes under contract which have not close to date. List prices were $9,000 to $534,00 or $156.83 per sq. ft. of living area. These homes were on the market for an average of 210 days prior to accepting an offer.

In the past 12 months, 33 homes have sold. Sales prices ranged from $5,000 up to $1,175,000 for an average sales price of $290,989 or $94.95 per sq. ft. These sales averaged 85% of the last list price and were on the market for an average of 261 days prior to going under contract.

Condos:

There are 31 condos for sale in Harbour Ridge. List prices range from $25,000 up to $250,000 for an average list price of $112,906 or $64.31 per sq. ft. of living area.

3 condos are under contract. These three were listed from $14,900 up to $75,000 for an average list price of $54,633 or $36.45 per sq. ft. of living area. These condos were on the market for an average of 168 days prior to having an accepted offer.

8 condos have sold in the past 12 months with sales prices from $20,000 up to $600,000 for an average of $239,187 which equals $89.76 per sq. ft. These condos sold for an average of 89% of the final list price and took an average of 327 days on market before accepting an offer.

Harbour Ridge is a yacht and country club located right next to the St. Lucie River. Technically located in Saint Lucie County, but Harbour Ridge residents have a Palm City zip code and children attend the ‘A’ rated Martin County School district as it’s location is much closer to Martin County.

This magnificent golf and yachting community offers a wide and varied range of recreational activities for residents only such as; two championship golf courses, tennis programs, a gym center, yacht club with a private marina, and a gorgeous dog park! Harbour Ridge includes many varied types of residences from, a low density community that allows each home to have plenty of green space and a minimum of 1.25 acres to wonderful condos overlooking the wide Saint Lucie River. There is a newly built magnificent club house that is sought after for rentals throughout the community.

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Palm City Florida Real Estate is presented by:
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Hobe Sound FL 33455 Condo Market Report November 2015

12.21.15 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report November 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for November 2015

For November 2014 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 4 active condo listings. (Unchanged from October)

1 Condos are pending and awaiting close. (Up by 1 condos from October)

1 Condos sold in October (Decreased by 2 condos from October)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. With only 4 actively listed condos, there’s just not that many options out there for buyers. Any one considering selling their Hobe Sound condo, the time couldn’t be better than right now.

The current absorption rate is 4 months (Last month it was 1.3 months). This absorption rate 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 November 2014 numbers were: 9 active listings, 4 pending sales and 4 closed sales. Much better volume last year. But there was over twice the inventory as well.

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Hobe Sound Florida Real Estate presented by:
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Hobe Sound FL 33455 Condo Market Report November 2015

Hobe Sound FL 33455 Residential Market Report November 2015

12.20.15 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report November 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for November 2015

For November 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 166 active listings. (Down by 6 homes from October)

75 Residential sales are pending and awaiting close (Up by 7 homes from October)

28 Homes Sold in November (Down by 16 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County showed less sale as compared to last month, bur continued strong activity and a very good number of pending sales, indicating strong sales for the near future. After a couple of months of increased inventory, the trend reversed for November.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 5.9 months (3.9 months in October). Just shy of a balanced market for November. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for November 2014 were: 243 active listings, 71 pending sales and 20 closed sales. Considerably better activity this year with a much reduced inventory.

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Rental Properties

Rental Properties for Rent in Hobe Sound, Florida Between $0 – $100,000

Residential Properties

All Residential Properties for Sale in the 33455 Zip Code of Hobe Sound FL

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Stuart Florida Real Estate presented by:
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Hobe Sound FL 33455 Residential Market Report November 2015

Jensen Beach FL 34957 Condo Market Report November 2015

12.19.15 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report November 2015

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for November 2015

For November 2015 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 36 active listings. (Increased by 12 condos from October)

17 Condo sales are pending and awaiting settlement. (Unchanged from October)

2 Condos Sold (Decreased by 2 condos from October)

The Jensen Beach FL 34957 Condo Market Report November 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic. Nice big jump in inventory for the month, bringing us closer to what we had last year. Though, activity this month was pretty weak.

The one month absorption rate for the November 2015, Jensen Beach Florida Market Report ZIP Code 34957 rose to 18 months (from 6 months in October), bringing this segment of the Martin County condo market back into a strong buyers market for the first time in quite a while. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The November 2014 numbers were: 38 active listings, 15 pending sales and 4 condos closed. Slightly weaker activity for Jensen Beach condos this year as compared to last.

Jensen Beach Condominium Properties by Price

Jensen Beach Florida Real Estate presented by:
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Jensen Beach FL 34957 Condo Market Report November 2015

Jensen Beach FL 34957 Residential Market Report November 2015

12.18.15 by Gabe Sanders

Jensen Beach FL 34957 Residential Market Report November 2015

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for November 2015

For November 2015 in the 34957 Zip Code area of Jensen Beach, Florida :

There are currently 122 active listings. (Up by 3 homes from last month)

70 Residential sales are pending and awaiting close or lender approval. (Up by 22 homes from October)

18 Homes Sold (Decreased by 9 homes from October)

The Jensen Beach FL 34957 Residential Market continues to be a strong market. Closed sales were off some for November, though with the large increase in pending sales, this should indicate strong sales continuing through the holiday season. Also, nice to see some increase in inventory, even if it was just a small bump.

The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 6.8 months (was 4.9 months in October). Back into a balanced market for Jensen Beach residential home sales. A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.

The November 2014 numbers were: 134 active listings, 55 pending sales and 24 home sales closed. Better closed activity last year, though with the greater pending activity for this year, this may soon change.

Jensen Beach FL 34957 Residential Market Report November 2015

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Rental Properties

Rental Properties for Rent in Jensen Beach, Florida Between $0 – $100,000

Residential Properties

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

Vacant Land Properties

Condominium Properties

Commercial Properties

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

Jensen Beach FL 34957 Residential Market Report November 2015

Palm City FL 34990 Condo Market Report November 2015

12.17.15 by Gabe Sanders

Palm City FL 34990 Condo Market Report November 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for November 2015

For November 2015 in the 34990 Zip Code area of Palm City, Florida :

There are currently 53 active condo listings. (Decreased by 1 condos from October)

8 Condo sales are pending and awaiting close or lender approval. (Down by 2 pending condos from last month)

8 Condos Sold in November. (Up by 5 condos from October)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. For November this segment of our market had a nice jump in closed sales sending us into a balanced market. It would be nice to see this trend continue.

The current absorption rate for condos in the 34990 zip code area plunged to 6.6 months (was 18 months in November). Back into a balanced market for Palm City condos. A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.

The November 2014 numbers were: 61 active listings, 11 pending sales and 2 closed sales. Better closed activity this year, with a slightly reduced inventory. Though, pending sales were better last year.

Palm City FL 34990 Condo Market Report November 2015

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Gabe Sanders

Palm City FL 34990 Condo Market Report November 2015

Palm City FL 34990 Residential Market Report November 2015

12.16.15 by Gabe Sanders

Palm City FL 34990 Residential Market Report November 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for November 2015

For November 2015 in the 34990 Zip Code area of Palm City Florida :

There are currently 389 active listings (Increased by 12 homes from October)

122 Residential sales are pending and awaiting close or lender approval. (Decreased by 15 homes from last month)

47 Homes Sold in October (Decreased by 11 sold homes from October)

After a very strong October, the Palm City FL 34990 had a moderating month for November. The inventory continues to see some increases, while both pending and closed sales were off. Whether this is a result of the holiday season or possibly prices having risen to fast, I just can’t tell at this point, but this development bears watching.

The current absorption rate increased to to 8.3 months from 6.5 months in October. Into a buyers 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 November 2014 numbers were: 433 active listings, 124 pending sales and 56 closed sales. A little less volume of closed sales as compared to last year. Though, still with less inventory also.

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Palm City FL 34990 Residential Market Report November 2015