Florida Townhouses and Condos July 2018 Market Report

The Florida Townhouses and Condos July 2018 Market Report remains in a strong market with better activity when compared to last year. Closed sales were up by 8.5% as compared to last month’s increase of 1.2% and new sales under contract (new pending sales) increased by 1.8% (In June there was a 0.0% increase).

Prices, also, continued to rise for July though at a slightly slower rate than in past months. Median sales prices were up by 5.3% (was up by 7.5% in June), while the average sales price increased by 1.0% (was up 9.6% in June).

The inventory of active listings decreased by 2.2% from July of last year. For July 2018 we have 5.3 months of inventory (was 5.5 months in June) and compared to 5.6 months for July 2017. We remain 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.

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:
Florida Townhouses and Condos July 2018 Market Report

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 July 2018 Market Report

Four Winds on the River Condo August 2018 Market Report

08.31.18 by Gabe Sanders

Four Winds on the River Condo August 2018 Market Report

There are no condos currently available for sale in Four Winds on the River in Stuart FL.

For August of 2018 no condos are under contract and awaiting sale.

In the past 12 months, 3 condos have sold in Four Winds. These condos sold for prices ranging from $232,000 up to $346,500. This is an average sales price of $270,500 which works out to $178.66 per sq. ft. of living area. These condos sold for an average of 99% of the list price and were on the market for an average of only 18 days before going under contract.

About Four Winds on the River in Stuart FL:

A wonderful small condo community on the shores of the wide Saint Lucie River in Stuart, FL. The Four Winds on the River condo complex was built in 1981. There has been some major updates and upgrades in the recent years. Only 39 units with the availability of two guest suites if needed by residents. All of these condos are 2 BR with the exception of 1 one bedroom unit. Sizes are very generous from 1,900 to 1,350 sq. ft. of living area.

There are ocean access docks suitable for up to a 50′ vessel available for lease. A large riverfront clubhouse with kitchen and ample common areas for events, get-togethers or large parties. Two tennis courts and a heated swimming pool. Four Winds on the River has covered carports for each condo along with ample guest parking. Four Winds on the River is a gated community and the common areas are shared with the small and exclusive community of Snug Harbor West.

The location is exceptional as it is only minutes to the beaches, shopping, medical facilities and downtown Stuart.

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Four Winds on the River Condo August 2018 Market Report

Hobe Sound FL 33455 Condo Market Report July 2018

08.28.18 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report July 2018

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for July 2018

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

There are currently 5 active condo listings. (Increased by 1 condos from June)

5 Condos are pending and awaiting close. (Up by 1 condo from June)

3 Condos sold in July. (Unchanged from June)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. The inventory of available condos has once again reached very small levels and this will impact future condo market activity in Hobe Sound. Yet, even with such little inventory, these condos are moving off the market quite fast.

The absorption rate for Hobe Sound condos was 1.3 months for July as compared to 6 months in June). 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 July 2017 numbers were: 19 active listings, 3 pending sales, and 0 closed sales. Much better activity this year on hardly any inventory.

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Hobe Sound FL 33455 Condo Market Report July 2018

Palm City FL 34990 Condo Market Report July 2018

08.22.18 by Gabe Sanders

Palm City FL 34990 Condo Market Report July 2018

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for July 2018

For July 2018 in the 34990 Zip Code area of Palm City, Florida :

There are currently 78 active condo listings. (Decreased by 8 condos from June)

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

1 Condos Sold in July. (Down by 8 condos from June)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. For July sales really tanked with only one closed sale.

The current absorption rate for condos in the 34990 zip code area exploded to 78 months (was 7.8 months in July). Now in an extreme buyer’s market for Palm City condominiums. A balanced market is considered to be an absorption rate of around 6 to 7 months.

The July 2017 numbers were: 75 active listings, 9 pending sales, and 2 closed sales. Even though the activity is very slow for Palm City Condos this month, it’s very similar to what happened last year.

Palm City FL 34990 Condo Market Report July 2018

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Palm City Florida Real Estate presented by:
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Palm City FL 34990 Condo Market Report July 2018

Stuart FL 34997 Condo Market Report July 2018

08.20.18 by Gabe Sanders

Stuart FL 34997 Condo Market Report July 2018

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for July 2018

For July 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 44 active condo listings (Down by 6 condos from June).

Stuart FL 34997 Condo Market Report July 2018

21 Condo sales are pending and awaiting close (Down by 5 condos from June).

Stuart FL 34997 Condo Market Report July 2018

17 Condos Sold in July (Decreased by 1 condos from June).

Stuart FL 34997 Condo Market Report July 2018

The Stuart FL condo market for zip code 34997 is still a very strong market, but the inventory of available condos has now shrunk to unprecedented low levels.

The absorption rate inched down to 2.6 months in July compared to 2.8 months for June. Remaining as a strong seller’s market for 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 July 2017 numbers were: 61 active listings, 32 pending sales, and 25 closed sales. Considerably better activity last year.

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Stuart FL 34997 Condo Market Report July 2018

Stuart FL 34996 Condo Market Report July 2018

08.16.18 by Gabe Sanders

Stuart FL 34996 Condo Market Report July 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for July 2018

For July 2018 in the 34996 Zip Code area of Stuart, Florida :

There are currently 106 active condo listings (Unchanged from last month).

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

26 Condos Sold in July (Down by 3 condos from June)

The Stuart FL 34996 Condo Market of Stuart remains a very active market. Sales and pending sales were off from last month and no help with any increase in inventory. Hopefully, this is just a seasonal slow down which is typical for condos in our area.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 4.1 months from June’s 3.7 months. Still in a strong sellers’ market for this segment of Martin County condos. A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for July 2017 were: 122 active listings, 43 pending sales, and 21 closed sales. Better closed activity this year but much greater pending activity last year.

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Stuart FL 34996 Condo Market Report July 2018

Stuart FL 34994 Condo Market Report July 2018

08.14.18 by Gabe Sanders

Stuart FL 34994 Condo Market Report July 2018

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for July 2018

For July 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 84 active condo listings (Up by 1 condos from June).

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

16 Condos Sold in July (Decreased by 9 condos from June).

The Stuart FL 34994 Condo market weakened slightly from last month but still is an active market. Close sales were down but we have a good supply of pending sales.

The absorption rate for July rose to 5.3 months compared to last month’s 3.3. Remaining in a seller’s market for this condo segment of Stuart’s 34994 zip code area but drifting towards a 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 July the numbers were 77 active listings, 41 pending sales, and 30 closed sales. Better pending activity this year while closed sales were cosiderably less than last year.

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Stuart, FL Real Estate

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Stuart FL 34994 Condo Market Report July 2018

VilaBella Town-Home Condos in Stuart FL August 2018 Market Report

08.13.18 by Gabe Sanders

VilaBella Town-Home Condos in Stuart FL August 2018 Market Report

For August of 2018, there are no townhomes for sale in VilaBella.

There are also no pending sales currently in Vilabella

In the past 12 months, 8 townhomes have sold with sales prices ranging from $150,000 up to $201,000 with an average sales price of $173,350 which equals $132.85 per sq. ft. of living area. These sales averaged 31 days on market before going under contract and sold at 96% of list price.

About Vilabella in Stuart FL:

Officially known as Vilabella Central Park Condos in Stuart FL this community is made up of 112 attached townhome style condos that were built in 2006. These homes range in size from 3 Bedroom, 3 Bath (two level) units with 1,607 sq. ft. of living area down to 2 Bedroom, 2 Bath townhomes with 1,072 sq. ft. of living area. All Vilabella townhomes come with a single car garage. There is also a community pool for the residents’ enjoyment.

Vilabella townhomes is very conveniently located off SE Central Parkway with easy access to Kanner Highway as well as US-1. Very easy access to shopping, restaurants and downtown Stuart. Also, an excellent location for those wishing to access I-95 and commute to points both North and South.

2 large pets are permitted. The HOA fees are $216 a month (as of July 2018). Since these units are deeded as condos, these fees cover insurance and exterior maintenance as well as common area fees, management, cable TV, pest control, recreational facilities, etc.

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VilaBella Town-Home Condos in Stuart FL August 2018 Market Report

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Florida Townhouses and Condos June 2018 Market Report

08.02.18 by Gabe Sanders

Florida Townhouses and Condos June 2018 Market Report

The Florida Townhouses and Condos June 2018 Market Report remained a strong market with slightly better activity when compared to last year. Closed sales were up by 1.2% as compared to last month’s increase of 4.1% and new sales under contract (new pending sales) increased by 0.0% (In May there was a 2.2% increase).

Prices, also, continued to risesignificantly for June. Median sales prices were up by 7.5% (was up by 6.0% in May), while the average sales price increased by 9.6% (was up 7.9% in May).

The inventory of active listings decreased by 2.8% from June of last year. For June 2018 we have 5.5 months of inventory (was 5.7 months in May) and compared to 5.8 months for June 2017. We remain 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.

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:
Florida Townhouses and Condos June 2018 Market Report

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 June 2018 Market Report

Hobe Sound FL 33455 Condo Market Report June 2018

07.30.18 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report June 2018

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for June 2018

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

There are currently 4 active condo listings. (Decreased by 2 condos from May)

5 Condos are pending and awaiting close. (Unchanged from May)

3 Condos sold in June. (Increased by 2 condos from May)

The absorption rate for Hobe Sound condos was 1.3 months for June as compared to 6 months in May). 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 June 2017 numbers were: 15 active listings, 4 pending sales, and 3 closed sales. Similar sales and pending activity to last year on an inventory that is two thirds less.

Are you interested in the value of your Hobe Sound FL Condo?
Click on this link and fill out the form for an accurate personal evaluation

Search for Hobe Sound FL Condos for Sale Here

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report June 2018

Circle Bay Waterfront Condos Stuart FL July 2018 Market Report

07.28.18 by Gabe Sanders

Circle Bay Waterfront Condos Stuart FL July 2018 Market Report

As of July 2018, there are 5 condos for sale in the Circle Bay Yacht Club of Stuart FL. Listing prices range from $131,000 up to $235,000. The average listing price $188,800 which equals a price per square foot of living area of $186.00.

There are no Circle Bay condos under contract at this time.

In the past 12 months, 24 Circle Bay Waterfront Condos have sold. Sales prices ranged from a low of $119,900 up to $292,500 for an average sales price of $187,063 which is $183.55 per sq. ft. These condos sold for an average of 94% of the last listed price and in an average of 87 days on market prior to accepting an offer that resulted in the sale.

About the Circle Bay Yacht Club Condos in Stuart FL:

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

Circle Bay Waterfront Condos Stuart FL July 2018 Market Report

Palm City FL 34990 Condo Market Report June 2018

07.24.18 by Gabe Sanders

Palm City FL 34990 Condo Market Report June 2018

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for June 2018

For June 2018 in the 34990 Zip Code area of Palm City, Florida :

There are currently 86 active condo listings. (Decreased by 1 condos from May)

8 Condo sales are pending and awaiting close or lender approval. (Down by 3 condos from last month)

9 Condos Sold in June. (Unchanged from May)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. For June there wasn’t much change in activity when compared to last month. The Palm City condo market is hampered by two equity golf course communities with slow sales in the current environment.

The current absorption rate for condos in the 34990 zip code area inched down to 9.6 months (was 9.7 months in July). Still in a buyer’s market for Palm City condominiums. A balanced market is considered to be an absorption rate of around 6 to 7 months.

The June 2017 numbers were: 75 active listings, 10 pending sales, and 6 closed sales. This is one of the few segments of the Martin County real estate market with a higher inventory of properties for sale this year when compared to last June. Sales were slightly higher while pending sales were off this year.

Palm City FL 34990 Condo Market Report June 2018

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