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 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.

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.

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

Schooner Oaks July 2018 Real Estate Market Report

07.24.18 by Gabe Sanders

Schooner Oaks July 2018 Real Estate Market Report

For July 2018 there are 2 homes for sale in Schooner Oaks in Stuart, FL. These homes are listed for sale with prices of $257,900 and $265,000 for an average list price of 261,450 or $163.41 per sq. ft. of living area.

There are no homes currently under contract.

In the past 12 months, 5 Schooner Oaks homes have sold. They sold for a low price of $200,000 to a high price of $286,000 for an average sold price of $236,200 which equals $130.23 per sq. ft. of living area. These homes went under contract in an average of 17 days and sold for 94% of list price.

About Schooner Oaks in Rocky Point:

The Schooner Oaks community of Rocky Point in Stuart FL is a townhouse style complex under condo association rules. There are 86 units of varying sizes that were built from 1985 till 1997.

These townhouses vary from the largest one with 4 bedrooms and 4 bathrooms and 2,140 sq. ft. of living area down to 2 bedroom, 2 bath condos with around 1,400 sq. ft. of living area. Most units come with an attached single car garage.

Residents enjoy the use of a clubhouse with billiards, fitness room, heated pool, spa and tennis courts. There’s a waterfront gazebo with a day dock and fishing pier off the Intracoastal Waterway with views toward the Saint Lucie Inlet of the Atlantic Ocean.

This is a pet friendly community allowing for up to two large pets. Rentals are also allowed and there are some vehicle restrictions. The current HOA fees are $570 per month. These fees cover Assessment Fee, Cable, Common Areas, Fire/Liability Insur, Grounds / Plants, Insurance-Bldg, Insurance-Other, Janitor, Lawn Care, Legal/Accounting, Maintenance – Repair, Maintenance Exterior, Management Fees, Manager, Pest Control, Pool Service, Reserve Funds, Roof Maintenance and Trash Removal.

Search here for any available Schooner Oaks Condos for sale

Schooner Oaks July 2018 Real Estate Market Report

Stuart FL 34997 Condo Market Report June 2018

07.20.18 by Gabe Sanders

Stuart FL 34997 Condo Market Report June 2018

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

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

There are currently 50 active condo listings (Unchanged from May).

26 Condo sales are pending and awaiting close (Also unchanged from May).

Stuart FL 34997 Condo Market Report June 2018

18 Condos Sold in June (Increased by 1 condos from May).

Stuart FL 34997 Condo Market Report June 2018

The Stuart FL condo market for zip code 34997 had identical activity to last month with the exception of one additional closed sale this month.

The absorption rate inched down to 2.8 months in June compared to 2.9 months for May. Remaining in 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 June 2017 numbers were: 50 active listings, 33 pending sales, and 7 closed sales. Better sales activity this year while the pending sales were a bit stronger last year. The inventory remained unchanged from last year as well.

Search for All Stuart FL Condos Here

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Stuart FL 34997 Condo Market Report June 2018

Stuart FL 34996 Condo Market Report June 2018

07.18.18 by Gabe Sanders

Stuart FL 34996 Condo Market Report June 2018

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

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

There are currently 106 active condo listings (Down by 12 condos from last month).

38 Condo sales are pending and awaiting close or lender approval (Down by 8 condos from May).

29 Condos Sold in June (Down by 11 condos from May)

The Stuart FL 34996 Condo Market of Stuart remains a very active market. Sales and pending sales were off from last month and the inventory continues to decline. 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 3.7 months from May’s 3.0 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 June 2017 were: 132 active listings, 40 pending sales, and 26 closed sales. Very similar activity as compared to last year with a significantly lower number of available condos for sale (inventory).

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Stuart Florida Real Estate presented by:
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Stuart FL 34996 Condo Market Report June 2018

Portofino Condos at Jensen Beach July 2018 Market Report

07.18.18 by Gabe Sanders

Portofino Condos at Jensen Beach July 2018 Market Report

As of July 2018, there are 2 condos available for sale in Portofino. List prices are $143,000 and $172,500 which averages to $157,750 or $147.44 per sq. ft. of living area.

There are no condos under contract at this time.

In the past 12 months, 14 condos have sold in Portofino, ranging in sales price from $95,000 up to $175,000 for an average sales price of $138,439 which equals a price per sq. ft. of $136.22. The average days on market was 42 and the average list to sales price ratio was 96%.

About the Portofino Condos at Jensen Beach:

Portofino of Jensen Beach is a gorgeous gated condo community that’s just great for families or singles. Portofino offers fantastic amenities such as a resort-style pool and hot tub, a state-of-the-art fitness center, and an indoor air-conditioned racquetball court along with outdoor tennis court. A business center is also available that delivers the conveniences of a home office, with computers, a copier, and a fax machine to keep you connected. A children’s playground is also available. This community is only 10 minutes from the beaches, and it is just minutes to both Jensen Beach Elementary School and Jensen Beach High School. Jensen Beach students also attend Stuart Middle School which is only about 15 minutes away.

Portofino Condos at Jensen Beach

Portofino Condos at Jensen Beach is one of the newest condominium subdivisions in Martin County. Originally built as an upscale apartment complex around 2000, this development was turned into condominiums and began sales in 2005. Due to the downturn in the housing market, not all units were sold and some are now being offered for lease. Portofino Condos at Jensen Beach July 2018 Market Report features 1, 2 and 3 bedroom units with separate garage parking as an added purchase when available. Unit sizes are 802 sq. ft. for the 1 Bedroom 1 bath, 1074 sq. ft. for the 2 Bedroom 2 bath, and 1252 sq. ft. for the 3 Bedroom 2 bath.

With a total of 384 units, there are 116 one-bedroom, 196 two-bedroom, and 72 three-bedroom units within Portofino that are spacious and include balconies! Portofino provides luxury living for its residents, set in a peaceful Florida preserve atmosphere, many with lake views. Living in Portofino of Jensen Beach you will feel like you are on vacation year round!

The Condo Owners Association fees range from $209 to $330 per month depending on unit size and for garage owners, there’s an additional $20 per month charge. Fees include the extensive grounds and gated entry as well as the amenities, which include a large community pool, heated whirlpool, state of the art fitness center, indoor racquetball court, tennis court, playground and a private clubhouse with a full kitchen.

All ages are welcome in Portofino Condos at Jensen Beach. Children attend Martin County’s highly rated school system, currently at Jensen Beach elementary school, Stuart middle school and Jensen Beach high school. Portofino Condos is close to the Treasure Coast mall as well as numerous shops and restaurants, medical facilities and only a few minutes to the waterways of Martin County and the beaches of Hutchinson Island.

Portofino Condos at Jensen Beach

For information about sales or rentals of Portofino Condos in Jensen Beach, please call the Gabe Sanders real estate 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

Portofino Condos at Jensen Beach July 2018 Market Report

Stuart FL 34994 Condo Market Report June 2018

07.16.18 by Gabe Sanders

Stuart FL 34994 Condo Market Report June 2018

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

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

There are currently 83 active condo listings (Up by 2 condos from May).

55 Condo sales are pending and awaiting close or lender approval. (Decreased by 13 condos from last month)

25 Condos Sold in May (Decreased by 9 condos from May).

The Stuart FL 34994 Condo market continues to show very strong activity. Not quite as strong as last month, but still a ver active seller’s market. We could use a greater inventory of condos for sale.

The absorption rate for May rose to 3.3 months compared to last month’s 2.4. Remaining in a strong seller’s market for this condo segment of Stuart’s 34994 zip code area after one month of a seller’s market. 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 June the numbers were 90 active listings, 39 pending sales, and 21closed sales. The activity for this condo segment of the Stuart market remains more active when compared to last June.

Are you interested in the value of your Stuart FL Condo?
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Stuart, FL Real Estate

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Stuart FL 34994 Condo Market Report June 2018

Florida Townhouses and Condos May 2018 Market Report

07.05.18 by Gabe Sanders

Florida Townhouses and Condos May 2018 Market Report

The Florida Townhouses and Condos May 2018 Market Report continued with stronger market activity when compared to last year. Closed sales were up by 4.1% as compared to last month’s increase of 9.2% and new sales under contract (new pending sales) increased by 2.2% (In April there was a 7.4% decrease).

Prices, also, continued their upward April for May. Median sales prices were up by 6.0% (was up by 10.5% in April), while the average sales price increased by 7.9% (was up 9.6% in April).

The inventory of active listings decreased by 2.0% from May of last year. For May 2018 we have 5.7 months of inventory (was 5.8 months in April) and compared to 6.0 months for May 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 May 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 May 2018 Market Report

Hobe Sound FL 33455 Condo Market Report May 2018

07.02.18 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report May 2018

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

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

There are currently 6 active condo listings. (Decreased by 2 condos from April)

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

1 Condos sold in May. (Decreased by 6 condos from April)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. We saw a further decline in inventory which is not a good sign for future sales volume.

The absorption rate for Hobe Sound condos was 6 months for May as compared to 1.1 months in April). 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 May 2017 numbers were: 16 active listings, 5 pending sales, and 2 closed sales. Much stronger activity last year with more than double the inventory of available condos for sale.

Are you interested in the value of your Hobe Sound FL Condo?
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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 May 2018

Palm City FL 34990 Condo Market Report May 2018

06.26.18 by Gabe Sanders

Palm City FL 34990 Condo Market Report May 2018

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

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

There are currently 87 active condo listings. (Decreased by 1 condos from April)

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

9 Condos Sold in May. (Up by 2 condos from April)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. For May there was an improvement closed sales while pending sales were down by 4 condos. 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 dropped to 9.7 months (was 12.6 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 May 2017 numbers were: 76 active listings, 11 pending sales, and 4 closed sales. There was better sales activity for this year. The Palm City condo marketis one of the few areas in Martin County with a larger inventory this year than last.

Palm City FL 34990 Condo Market Report May 2018

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