Pierpoint Yacht Club April 2017 Market Report

There are 4 active listings in Pierpoint for early April 2017. List prices range from a low of $94,888 up to a high of $178,500 for an average list price of $135,722 which equates to a per sq. ft. price of $111.22.

There are 4 condos currently under contract. These condos were listed from $109,900 up to $199,000 for an average list price of $159,700 or $126.69 per sq. ft. of living space. These condos averaged 78 days on the market before going under contract.

In the past 12 months, 13 condos have sold in Pierpoint. Sale prices ranged from $$87,000 to $229,900 for an average sales price of $134,338 which equals $106.38 per sq. ft. of living space. These condos were under contract in an average of 87 days and sold at an average of 95% of the list price.

About the Pierpoint Condos in Stuart FL:

This friendly, active 55+ condominium offers two community pools, grills, shuffleboard, a waterfront clubhouse and dock. First floor, end unit overlooking a peaceful courtyard and pond with a fountain. Clean, freshly painted, vacant unit just perfect for you!

Located in the heart of Stuart and on the shores of the wide Saint Lucie River, the Pierpoint Yacht Club Condominiums is the premier adult community in Stuart, Florida. Extremely well maintained complex of 8 buildings, some of which have magnificent water views.

Pierpoint has docks with boat slips for rent as available. Also on this dock is a fishing station and benches for all Pierpoint residents to enjoy and use. Stuart enjoys some of the finest fishing conditions in all of Florida and the east coast.

On the shores of the Saint Lucie River, Pierpoint has a large and active clubhouse with a full kitchen available for members and special occasions. Adjacent to the clubhouse is one of two heated pools, a billiard room, reading library and shuffle board courts. There’s an outdoor lounge for sipping cocktails right on the shores of the wide Saint Lucie River. Lots of green space and ample parking complement this wonderful community.

As of April 2017 the condo fees in Pierpoint were $346.00 per month for a one bedroom condo and $367.00 per month for a two bedroom condo. These fees cover Basic Cable TV, Fire/Liability Insurance, Grounds / Plants, Maintenance Exterior, Manager, Pest Control, Recreational Facility, Roof Maintenance, Trash Removal, Water and Sewer.

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Pierpoint Yacht Club April 2017 Market Report

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Palm City FL 34990 Condo Market Report March 2017

04.19.17 by Gabe Sanders

Palm City FL 34990 Condo Market Report March 2017

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

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

There are currently 95 active condo listings. (Increased by 3 condos from February)

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

4 Condos Sold in March. (Down by 2 condos from February)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. For March of 2017 activity decreased for both pending and closed sales and there’s quite a lot of room for improvement in this segment of the Martin County condo market.

The current absorption rate for condos in the 34990 zip code area jumped to 23.8 months (was 15.3 months in March). A very strong buyers’ market for Palm City condominiums. A balanced market is considered to be an absorption rate of around 6 to 7 months.

The March 2016 numbers were: 65 active listings, 15 pending sales and 4 closed sales. Similar activity this year but with a much larger inventory.

Palm City FL 34990 Condo Market Report March 2017

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Palm City FL 34990 Condo Market Report March 2017

Stuart FL 34997 Condo Market Report March 2017

04.17.17 by Gabe Sanders

Stuart FL 34997 Condo Market Report March 2017

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

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

There are currently 75 active condo listings (Decreased by 5 condos from February).

Stuart FL 34997 Condo Market Report March 2017

44 Condo sales are pending and awaiting close or lender approval (Up by 12 condos from February).

Stuart FL 34997 Condo Market Report March 2017

18 Condos Sold in March (Decreased by 4 condos from February).

Stuart FL 34997 Condo Market Report March 2017

The Stuart FL condo market for zip code 34997 was the only segment of the Stuart market with a slightly lower volume of closed sales, but this market remains quite active and looks to continue as a strong market for the rest of this spring.

The absorption rate rose to 4.2 months in March from 3.4 months for February. Still a sellers’ 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 March 2016 numbers were: 75 active listings, 38 pending sales and 21 closed sales. The only segment of the Stuart market with weaker closed sales than last year, but still strong activity and a good market.

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

Stuart FL 34996 Condo Market Report March 2017

04.15.17 by Gabe Sanders

Stuart FL 34996 Condo Market Report March 2017

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

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

There are currently 148 active condo listings (Down by 5 condos from last month).

58 Condo sales are pending and awaiting close or lender approval (Increased by 2 condos from February).

36 Condos Sold in March (Up by 17 condos from February)

The Stuart FL 34996 Condo Market of Stuart showed a continued reduction of available condos for sale (inventory) while sales and pending sales both rose.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dropped to 4.1 months from February’s 8.1 months. Back into a 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 March 2016 were: 114 active listings, 53 pending sales and 29 closed sales. Much stronger market this year when compared to last March.

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Stuart FL 34996 Condo Market Report March 2017

Stuart FL 34994 Condo Market Report March 2017

04.13.17 by Gabe Sanders

Stuart FL 34994 Condo Market Report March 2017

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

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

There are currently 88 active condo listings (Down by 13 condos from February).

38 Condo sales are pending and awaiting close or lender approval. (Increased by 10 condos from last month)

21 Condos Sold in March (Down by 2 condos from February).

The Stuart FL 34994 Condo market continues to get stronger with an increase in closed sales and continued strong pending numbers as well. Unfortunately the inventory has gone down reducing the number of available condos for this segment of the Stuart condo market.

The absorption rate for March dropped to 4.2 months compared to last month’s 4.9. Drifting into a stronger sellers’ market for this condo segment of Stuart’s 34994 zip code area. 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 March the numbers were 96 active listings, 38 pending sales, and 15 closed sales. Similar number of pending sales with an increase in completed sales and a lower inventory for this March when compared to last year.

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Stuart Florida Market Report ZIP Code 34994 – Condo, March 2017

Florida Townhouses and Condos February 2017 Market Detail

03.31.17 by Gabe Sanders

Florida Townhouses and Condos February 2017 Market Detail

The Florida Townhouses and Condos Market Detail for February 2017 began the year with mostly positive activity when compared to last year. Closed sales were up by 4.1% as compared to last months increase of 6.2% and new sales under contract (new pending sales) increased by 0.5% (In January there was a 6.5% increase).

Values continued to increase though at a strong pace. Median sales prices were up by 11.7% (was up by 6.6% in January), while the average sales price increased by 8.5% (was up 4.0% in January). As sales activity decreases and if inventory continues to increase, I expect these prices to continue to moderate, though they are staying pretty resilient at this time.

The inventory increased by 1.3% from February of last year. For February 2017 we have 6.4 months of inventory (was also 6.4 months in January) and compared to 6.2 months for February 2016. We remain in a balanced market for Florida townhouse and condo sales but are drifting slowly towards a buyers market in the past year. 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 detail report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos February 2017 Market Detail

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 February 2017 Market Detail

Hobe Sound FL 33455 Condo Market Report February 2017

03.29.17 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report February 2017

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

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

There are currently 13 active condo listings. (Unchanged from January)

6 Condo is pending and awaiting close. (Up by 5 pending condos from January)

2 Condos sold in February. (Decreased by 12 closed sales from January)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Sales dropped to a more normal level this month while pending activity rose nicely on unchanged inventory.

The absorption rate for Hobe Sound condos was 6.5 months for February (was 0.9 in January). A balanced market. 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 on 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 February 2016 numbers were: 9 active listings, 5 pending sales and 0 closed sales. It’s very difficult to make meaningful comparisons with such low numbers of sales and inventory, though this segment appears to be returning to more normal volume.

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Hobe Sound FL 33455 Condo Market Report February 2017

Palm City FL 34990 Condo Market Report February 2017

03.25.17 by Gabe Sanders

Palm City FL 34990 Condo Market Report February 2017

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

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

There are currently 92 active condo listings. (Increased by 1 condos from January)

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

6 Condos Sold in February. (Up by 1 condos from January)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. Activity was very similar to last month with small gains in pending and closed sales.

The current absorption rate for condos in the 34990 zip code area decreased to 15.3 months (was 18.5 months in February). Still a buyers’ 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.

The February 2016 numbers were: 65 active listings, 15 pending sales and 6 closed sales. Similar activity this year but with a much larger inventory.

Palm City FL 34990 Condo Market Report February 2017