Florida Townhouses and Condos November 2019 Market Report

Florida Townhouses and Condos November 2019 Market Report

For November 2019, Florida Townhouses and Condos had mixed sales results when compared to last November.  Closed sales were down by 6.3% as compared to last month’s decrease of 0.5%.  New sales under contract (new pending sales) increased by 8.6% (In October there was a 4.2% increase).

Prices, though, were up for November.  The median sales price was up by 5.4% (was up by 5.8% in October), while the average sales price increased by 1.9% (was up 2.9% in October).

The inventory of active listings decreased by 7.1% from November of last year.  We now have 5.5 months of inventory as compared to 5.7 months for November 2018.  Remaining in a seller’s market for Florida townhouse and condo sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos November 2019 Market Report

View previous Florida townhouses and condo market reports by clicking this link.

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

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Florida Townhouses and Condos November 2019 Market Report

Windjammer Waterfront Condos December 2019 Market Report

Windjammer Waterfront Condos December 2019 Market Report

As of December 2019, there are 3 condos on the market in the Windjammer Yacht Club of Stuart FL. Listing prices range from $192,500 up to $254,900. The average list price is $230,767 which equates to a price per square foot of living area of $193.76.

There are 5 condos currently under contract (pending sales). List prices ranged from $217,900 up to $349,000. The average list price is $274,380 which equates $230.38 per sq. ft. of living area. These condos averaged 205 days on the market before going under contract.

In the past 12 months, 9 Windjammer Waterfront Condos have sold. Sales prices ranged from $139,900 up to $287,500. This is an average sales price of $207,967 which equals $174.61 per sq. ft. of living area. These condos sold for an average of 95% of the last list price and were on the market for an average of 100 days prior to accepting an offer.

Windjammer Waterfront Condos

Windjammer is a senior (55+) community of waterfront condos in Stuart, FL on the South Fork of the wide Saint Lucie River with easy ocean access. There are 130 2 bedroom, 2 bathroom condos with porches.

Windjammer Waterfront Condos
Docks are deeded to the condos and are owned by the unit owners. (Not every condo has an accompanying dock) Dock sizes vary and go up to a 16′ beam and 40′ length. Rentals are allowed with restrictions and 1 small pet is also allowed.
Windjammer Waterfront Condos Windjammer Waterfront Condos
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Windjammer Waterfront Condos Homes for Sale in Palm City Florida

Click here to view the previous Windjammer market reports

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Windjammer Waterfront Condos December 2019 Market Report

Florida Townhouses and Condos October 2019 Market Report

Florida Townhouses and Condos October 2019 Market Report

For October 2019, Florida Townhouses and Condos had mixed sales results when compared to last October.  Closed sales were down by 0.5% as compared to last month’s increase of 6.1%.  New sales under contract (new pending sales) increased by 4.2% (In September there was a 0.4% decrease).

Prices, though, were up for October.  The median sales price was up by 5.8% (was also up by 5.8% in September), while the average sales price increased by 2.9% (was up 1.3% in September).

The inventory of active listings decreased by 3.7% from October of last year.  We now have 5.4 months of inventory as compared to 5.5 months for October 2018.  Remaining in a seller’s market for Florida townhouse and condo sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos October 2019 Market Report

Click on the link below or the graphic to see the full market Report report from Florida Realtors:

Click here to view or download the full report.

View previous Florida townhouses and condo market reports by clicking this link.

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

Florida Townhouses and Condos October 2019 Market Report

Hobe Sound FL 33455 Condo Market Report October 2019

Hobe Sound FL 33455 Condo Market Report October 2019

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for October 2019

For October 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 10 active condo listings. (Unchanged from September)

Hobe Sound FL 33455 Condo Market Report October 2019

4 Condos are pending and awaiting close. (Up by 1 condo from September)

Hobe Sound FL 33455 Condo Market Report October 2019

4 Condos sold in October. (Down by 1 condo from September)

Hobe Sound FL 33455 Condo Market Report October 2019

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  As a result, it is difficult to track such small numbers though this market remains quite active.

The absorption rate for Hobe Sound condos was 2.5 months for October (it was 2.0 months for September).  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 in percentages that do not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The October 2018 numbers were: 3 active listings, 6 pending sales, and 2 closed sales.  It’s difficult to make meaningful comparisons with last year when there’s such a small sampling of condos in Hobe Sound.   Though, there was a bit more activity this year.

Hobe Sound FL 33455 Condo Market Report October 2019

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Click here to view previous Hobe Sound FL 33455 Condo Market Report

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Hobe Sound FL 33455 Condo Market Report October 2019

Stuart FL 34997 Condo Market Report October 2019

Stuart FL 34997 Condo Market Report October 2019

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2019

There are currently 50 active condo listings (Up by 10 condos from September).

Stuart FL 34997 Condo Market Report October 2019

10 Condo sales are pending and awaiting close (Down by 11 condo from September).

Stuart FL 34997 Condo Market Report October 2019

16 Condos Sold in October (Up by 5 condos from September).

Stuart FL 34997 Condo Market Report October 2019

      The Stuart FL condo market for zip code 34997 remains quite active and is one of the strongest performers in the Stuart condo market.  Pending sales were down considerably this month.  Hopefully, this will not result in a drop in closed sales in the coming months.

     The absorption rate dropped to 3.1 months in October compared to 3.6 months for September.  Continuing as a seller’s market for condos in the 34997 zip code of Stuart FL.  A 6 to 7-month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
 The October 2018 numbers were: 49 active listings, 18 pending sales, and 16 closed sales.  Weaker pending sales volume this year.  This area remains a very hot segment of the Stuart condo market.

Stuart FL 34997 Condo Market Report October 2019

To make informed decisions about Stuart FL condo real estate it’s a good idea to be familiar with the market.  Click here to view the previous Stuart FL 34997 condo market reports

Stuart Florida Real Estate presented by:
Gabe Sanders

Click here to view previous Stuart FL 34997 Condo Market Reports

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Stuart FL 34997 Condo Market Report October 2019