Hobe Sound FL 33455 Condo Market Report December 2017

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for December 2017

For December 2017 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 10 active condo listings. (Decreased by 5 condos from November)

5 Condos are pending and awaiting close. (Down by 1 condo from November)

4 Condos sold in December. (Up by 1 condos from November)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Unfortunately, a significant drop in inventory for December. But, good pending and closed volume.

The absorption rate for Hobe Sound condos was 2.5 months for December as compared to 5 months in November). 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 December 2016 numbers were: 11 active listings, 2 pending sales, and 4 closed sales. Very similar activity from year to year.

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Hobe Sound FL 33455 Condo Market Report December 2017

Portofino Condos at Jensen Beach January 2018 Market Report

01.20.18 by Gabe Sanders

Portofino Condos at Jensen Beach January 2018 Market Report

As of January 2018, there are 5 condos available for sale in Portofino. List prices range from $109,500 up to $149,000 which averages to $124,600 or $147.51 per sq. ft. of living area.

There are no condos under contract at this time.

In the past 12 months, 11 condos have sold in Portofino, ranging in sales price from $93,500 up to $164,500 for an average sales price of $121,682 which equals a price per sq. ft. of $126.67. The average days on market was only 29 and the average list to sales price ratio was 95%.

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 January 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

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Portofino Condos at Jensen Beach January 2018 Market Report

Palm City FL 34990 Condo Market Report December 2017

01.19.18 by Gabe Sanders

Palm City FL 34990 Condo Market Report December 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for December 2017

For December 2017 in the 34990 Zip Code area of Palm City, Florida :

There are currently 101 active condo listings. (Increased by 16 condos from November)

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

10 Condos Sold in December. (Up by 6 condos from November)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. For December the market activity increased from last month in all categories for Palm City condos.

The current absorption rate for condos in the 34990 zip code area dropped to 10.1 months (was 21.25 months in July). Still a buyer’s market for Palm City condominiums but trending in the right direction. A balanced market is considered to be an absorption rate of around 6 to 7 months. (A good percentage of the difficult buyer’s market is a result of two equity golf club communities which are having some difficulty with the volume of sales.)

The December 2016 numbers were: 86 active listings, 8 pending sales and 4 closed sales. Better activity for this year with a higher inventory of available condos for sale.

Palm City FL 34990 Condo Market Report December 2017

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Stuart Florida Real Estate presented by:
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Palm City Florida Real Estate presented by:
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Palm City FL 34990 Condo Market Report December 2017

Stuart FL 34997 Condo Market Report December 2017

01.17.18 by Gabe Sanders

Stuart FL 34997 Condo Market Report December 2017

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2017

For December 2017 in the 34997 Zip Code area of Stuart, Florida:

There are currently 57 active condo listings (Unchanged from November).

17 Condo sales are pending and awaiting close or lender approval (Unchanged from November).

19 Condos Sold in December (Increased by 9 condos from November).

Stuart FL 34997 Condo Market Report December 2017

The Stuart FL condo market for zip code 34997 continues with very strong activity even though the inventory is now down which may be reflected in the lower pending sale numbers.

The absorption rate decreased to 3.0 months in December compared to 4.9 months for November. More of an extreme 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 December 2016 numbers were: 83 active listings, 29 pending sales, and 11 closed sales. Better closed volume, but less pensingsales on a reduced inventory for December 2017.

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Stuart FL 34997 Condo Market Report December 2017

Stuart FL 34996 Condo Market Report December 2017

01.15.18 by Gabe Sanders

Stuart FL 34996 Condo Market Report December 2017

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for December 2017

For December 2017 in the 34996 Zip Code area of Stuart, Florida :

There are currently 134 active condo listings (Unchanged from last month).

35 Condo sales are pending and awaiting close or lender approval (Also unchanged from November).

20 Condos Sold in December (Up by 5 condos from November)

The Stuart FL 34996 Condo Market of Stuart continues with improved sales volume for the last month of the 2017.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 decreased to 6.7 months from November’s 8.9 months. Drifting back into a balanced 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 December 2016 were: 153 active listings, 35 pending sales and 20 closed sales. Identical sales volume as last year on a reduced number of available condos for sale (inventory).

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Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report December 2017

Stuart FL 34994 Condo Market Report December 2017

01.11.18 by Gabe Sanders

Stuart FL 34994 Condo Market Report December 2017

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for December 2017

For December 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 91 active condo listings (Down by 9 condos from November).

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

15 Condos Sold in December (Decreased by 6 condos from November).

The Stuart FL 34994 Condo market showed slow but continued improvement from last month. Both pending and closed sales were up and a small rise in inventory.

The absorption rate for December decreased to 6.1 months compared to last month’s 4.8. Back into a balanced 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 December the numbers were 86 active listings, 36 pending sales, and 13 closed sales. Very similar activity compared to last year but with a slightly higher inventory of available condos for sale.

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

Business Opportunity Properties

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- Rental Properties for Rent in Stuart, Florida Between $0 – $500,000

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Residential Income Properties for Sale in Stuart, Florida Between $0 – $500,000

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Stuart FL 34994 Condo Market Report December 2017

Indian Pines Condo End Unit in Stuart FL Sold

01.11.18 by Gabe Sanders

Indian Pines Condo End Unit in Stuart FL Sold

Ground floor two bedroom unit in sought-after Indian Pines, an all ages and pet-friendly community. Enjoy the central location of this 1,251 SF unit, one of the larger floor plans in the community. A spacious living area with easy access to kitchen, pleasant lake view. Two full bathrooms with private master en-suite. Covered parking for resident’s vehicle. The enclosed patio offers a calming view of the duck pond. This unit also features a private laundry room with full-size washer and dryer. Indian Pines remains a great choice for those seeking a central location with amenities such as community pool, clubhouse, and tennis courts. Easy access to all parts of Stuart, including downtown, beaches, and highways. In vintage, but a cared-for condition, this unit is ready for your personal touch!About Indian Pines in Stuart FL:

Centrally located in Stuart off of Indian Street on Aster Lane lies the Indian Pines condominiums. This complex consists of 20 buildings in two ovals surrounding two lakes. This unique arrangement gives every condo in this complex water views.

Built from 1981 through 1986, Indian Pines are two-story buildings with mostly 2 bedroom, 2 bathroom condos, though there are a few 3 bedroom and 1 bedroom units as well. The 3 bedroom condos have 1,542 sq. ft. of living area, 2 bedroom units vary from 1,251 down to 1,019 sq. ft., while the 1 bedroom condos have 1,011 sq. ft.

There’s a heated pool, clubhouse, and two tennis courts as well as ample parking with some buildings offering covered carports.

As of December 2017, the condo association fees were just under $360 a month for two bedroom condos and less for the few one-bedroom units that occasionally come up for sale. These fees cover water and sewer, common areas, building insurance and maintenance, basic cable TV, landscaping and lawn service, trash pickup and reserve funds.

All ages are welcome. Rentals are allowed in Indian Pines with some restrictions. And, this is one of the few condos in the area that allows up to 2 large pets per owner. Children who live in Indian Pines are zoned to attend J. D. Parker Elementary School, the Dr. David L. Anderson Middle School, and the Martin County High School.

Indian Pines is very conveniently located close to shopping, restaurants and medical facilities. Only a few more minutes to either the beaches or boat ramps of Martin County or to I-95 for those needing to take a trip either north or south.

Search for available Condos in Indian Pines

Indian Pines Condo End Unit in Stuart FL Sold

Circle Bay Waterfront Condos Stuart FL January 2018 Market Report

01.08.18 by Gabe Sanders

Circle Bay Waterfront Condos Stuart FL January 2018 Market Report

As of January 2018, there are 12 condos for sale in the Circle Bay Yacht Club of Stuart FL. Listing prices range from $129,000 up to $269,900. The average listing price $186,749 which equals a price per square foot of living area of $181.70.

There is one Circle Bay condo under contract and awaiting close. The list price was $165,000 or $164.84 per sq. ft. of living area. This condo was on the market for 28 days before going under contract.

In the past 12 months, 23 Circle Bay Waterfront Condos have sold. Sales prices ranged from a low of $116,000
up to $245,000 for an average sales price of $175,448 which is $170.98 per sq. ft. These condos sold for an average of 95% of the last listed price and in an average of 85 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 January 2018 Market Report

Florida Townhouses and Condos November 2017 Market Report

12.29.17 by Gabe Sanders

Florida Townhouses and Condos November 2017 Market Report

The Florida Townhouses and Condos November 2017 Market Report showed stronger activity as compared to last year. Closed sales were up by 5.8% as compared to last month’s increase of 2.2% and new sales under contract (new pending sales) increased by 9.3% (In October there was a 12.9% increase).

Prices continue to go up. Median sales prices were up by 8.6% (was up by 5.2% in October), while the average sales price increased by 0.8% (was up 6.2% in October).

The inventory of active listings decreased by 3.4% from November of last year. For November 2017 we have 5.7 months of inventory (was 5.6 months in October) and compared to 6.0 months for November 2016. 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 November 2017 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 November 2017 Market Report

Hobe Sound FL 33455 Condo Market Report November 2017

12.27.17 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report November 2017

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for November 2017

For November 2017 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 15 active condo listings. (Increased by 2 condos from October)

6 Condos are pending and awaiting close. (Down by 2 condo from October)

3 Condos sold in November. (Up by 2 condos from October)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Market activity improved this month when compared to last month.

The absorption rate for Hobe Sound condos was 5 months for November as compared to 13 months in October). 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 November 2016 numbers were: 11 active listings, 4 pending sales, and 0 closed sales. Somewhat stronger activity this year as compared to last year.

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 November 2017

Indian Pines Condo End Unit in Stuart FL Under Contract

12.23.17 by Gabe Sanders

Indian Pines Condo End Unit in Stuart FL Under Contract

There’s a heated pool, clubhouse, and two tennis courts as well as ample parking with some buildings offering covered carports.

Search for available Condos in Indian Pines

Indian Pines Condo End Unit in Stuart FL Under Contract

Palm City FL 34990 Condo Market Report November 2017

12.21.17 by Gabe Sanders

Palm City FL 34990 Condo Market Report November 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for November 2017

For November 2017 in the 34990 Zip Code area of Palm City, Florida :

There are currently 85 active condo listings. (Increased by 10 condos from October)

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

4 Condos Sold in November. (Up by 2 condos from July)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. For November the market activity increased from last month in all categories for Palm City condos.

The current absorption rate for condos in the 34990 zip code area dropped to 21.25 months (was 37.5 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. (A good percentage of the difficult buyer’s market is a result of two equity golf club communities which are having some difficulty with the volume of sales.)

The November 2016 numbers were: 80 active listings, 11 pending sales and 3 closed sales. Slightly better activity for this year when compard to November of 2016.

Palm City FL 34990 Condo Market Report November 2017

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