March 2016 Monthly Market Detail Florida Townhouses and Condos

04.26.16 by

March 2016 Monthly Market Detail Florida Townhouses and Condos

The March 2016 Monthly Market Detail Florida Townhouses and Condos is now in a balanced market and not the super heated activity as we have experienced for the past two years.  Closed sales were down by 7.1% as compared to last months decrease of 5.4% and new sales under contract (new pending sales) decreased by 10.1% (In February there was a 10.5% decrease).  While on the single family side of the Florida real estate market this decrease in volume can be attributed to inventory, for condos and townhouses it appears to be strictly price related as the inventory has been gaining in the past few months.

The median sales price continued to rise, by 3.3% (up by 5.6% in February), while the average sales price decreased by 3.9% (was down 1.4% in February).  It appears that prices may not continue to rise very rapidly for this segment of the Florida real estate market.

The inventory increased by 6.7% from March of last year.  For March 2016 we have 6.3 months of inventory (was also 6.3 months in February) and compared to 6.0 for March 2015.  First time in two years that we are seeing an increase in inventory as well as being out of a sellers market.

March 2016 Monthly Market Detail Florida Townhouses and Condos

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:
March 2016 Monthly Market Detail Florida Townhouses and Condos

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.

March 2016 Monthly Market Detail Florida Townhouses and Condos

Hobe Sound FL 33455 Condo Market Report March 2016

04.23.16 by

Hobe Sound FL 33455 Condo Market Report March 2016

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for March 2016

 

For March 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 5 active condo listings. (Decreased by 4 condos from February)

Hobe Sound FL 33455 Condo Market Report March 2016

7 Condos are pending and awaiting close. (Up by 2 condos from February)

Hobe Sound FL 33455 Condo Market Report March 2016

3 Condos sold. (Up by 3 from last month)

 Hobe Sound FL 33455 Condo Market Report March 2016

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  March brought the first sale for condos in Hobe Sound for 2016.  Though, with such low inventory, it is hard to make any meaningful comparisons as long as this market remains like this.

There were no sales in Hobe Sound condos for both January and February, but for March the absorption rate is 1.7 months, for December of 2015 it was 4 months.  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 may 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 March 2015 numbers were: 8 active listings, 9 pending sales and 4 closed sales.  Better activity last year with the slightly higher inventory.

Hobe Sound FL 33455 Condo Market Report March 2016

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Hobe Sound FL 33455 Condo Market Report March 2016

 

Stuart Condo in Waterfront Community – New Price

04.21.16 by

Pierpoint Condo in Stuart – New Price

Now only $89,000 for this well located and updated Stuart FL condo in the waterfront community of Pierpoint.

Pierpoint Condos in Stuart FL

This is the perfect winter getaway from those cold northern winters. With the opportunity to have your own boat only steps away to enjoy fishing or the many waterways of the Treasure Coast of Florida. Or, for some a great new permanent residence with no lawns to mow or exterior maintenance to worry about.

Pierpoint Condos in Stuart FLPierpoint Condos in Stuart FL

Nicely updated 1 bedroom, 1 and ½ bathroom condo in Pierpoint. Serene pond views from the balcony of this surprisingly spacious condo. Kitchen has granite tile counter-tops and upgraded white cabinets. This unit comes fully furnished and in move in condition. Pierpoint is a waterfront community with dockage available for lease at very reasonable rates as well as kayak storage. There are two community pools, clubhouse with full kitchen, fitness room and a library. Fantastic location in the heart of Stuart only minutes to shopping, downtown, medical facilities and the beaches, yet still in a quiet residential area. Pierpoint is an adult community and no pets are allowed. Opportunities like this don’t come often.

Pierpoint Condos in Stuart FL Pierpoint Condos in Stuart FL Pierpoint Condos in Stuart FL

About Pierpoint Condominiums

This friendly, active 55+ condominium offers two community pools, grills, shuffleboard, a waterfront clubhouse and dock. 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 Condos in Stuart FL Pierpoint Condos in Stuart FL

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.

Pierpoint Condos in Stuart FL Pierpoint Condos in Stuart FL

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.

Pierpoint Condos in Stuart FL Pierpoint Condos in Stuart FL Pierpoint Condos in Stuart FL

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Stuart Condo in Waterfront Community – New Price

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Stuart FL 34997 Condo Market Report March 2016

04.17.16 by

Stuart FL 34997 Condo Market Report March 2016

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2016

 

For March 2016 in the 34997 Zip Code area of Stuart, Florida :

There are currently 75 active condo listings (Down by 3 condos from February).

Stuart FL 34997 Condo Market Report March 2016

38 Condo sales are pending and awaiting close or lender approval (No change in condos from February).

Stuart FL 34997 Condo Market Report March 2016

21 Condos Sold in March (Increased by 12 condos from February).

Stuart FL 34997 Condo Market Report March 2016

     The Stuart FL condo market for zip code 34997 for march showed improved activity in closed sales and maintained a healthy number of pending sales as well.  Unfortunately the inventory took a small drop.
     The one month absorption rate jumped to 3.6 months from 8.7 months for February.  Back into a sellers market after last months weaker buyers market. 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 2015 numbers were: 43 active listings, 31 pending sales and 15 closed sales.  One of the few segments of the Martin County real estate market with a higher inventory this year as compared to last.  And, because of this, there’s better activity as well.

Stuart FL 34997 Condo Market Report March 2016

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2016

 

 

Stuart FL 34996 Condo Market Report March 2016

04.15.16 by

Stuart FL 34996 Condo Market Report March 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for March 2016

For March 2016 in the 34996 Zip Code area of Stuart, Florida :

There are currently 114 active condo listings (Down by 4 condos last month).

Stuart FL 34996 Condo Market Report March 2016

53 Condo sales are pending and awaiting close or lender approval (Decreased by 5 condos from February).

Stuart FL 34996 Condo Market Report March 2016

29 Condos Sold in March (Increased by 11 condos from February) 

Stuart FL 34996 Condo Market Report March 2016

The Stuart FL 34996 Condo Market of Stuart showed continued strengthening from a weaker first two months of the year.  Though the inventory remains stubbornly low and pending sales were off, which will indicate some reduction in closed volume for the future.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 plunged to only 3.9 months from February’s 6.6 months.  Back into a strong sellers market for March.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for March 2015 were: 110 active listings, 61 pending sales and 36 closed sales.  Still not as strong a market as last March.

Stuart FL 34996 Condo Market Report March 2016

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Stuart FL 34996 Condo Market Report March 2016

Stuart FL 34994 Condo Market Report March 2016

04.13.16 by

Stuart FL 34994 Condo Market Report March 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for March 2016

For March 2016 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 96 active condo listings (Up by 5 condos from February).

Stuart FL 34994 Condo Market Report March 2016

38 Condo sales are pending and awaiting close or lender approval. (Increased by 6 condos from last month) 

Stuart FL 34994 Condo Market Report March 2016

15 Condos Sold in March (Down by 5 condos from February).

Stuart FL 34994 Condo Market Report March 2016

The Stuart FL 34994 Condo market increased inventory while not increasing closed sales for march of 2016.  Pending sales rose which should be a good indication of increased future closed sales.

The one month absorption rate increased to 6.4 months compared to last month’s 4.6.   Currently a balanced market for condos in 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 95 active listings, 46 pending sales, and 15 closed sales.   Similar volume as last year, though pending sales are somewhat less for 2016.

Stuart FL 34994 Condo Market Report March 2016

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Stuart Florida Market Report ZIP Code 34994 – Condo, March 2016

Pierpoint Condo in Waterfront Community – Reduced

04.10.16 by

New Price for this Pierpoint Condo

Just reduced to $90,000.  Come take a look at this great condo in one of the best locations in Stuart FL.

This is the perfect winter getaway from those cold northern winters. With the opportunity to have your own boat only steps away to enjoy fishing or the many waterways of the Treasure Coast of Florida. Or, for some a great new permanent residence with no lawns to mow or exterior maintenance to worry about.

Pierpoint Condos in Stuart FL

Nicely updated 1 bedroom, 1 and ½ bathroom condo in Pierpoint. Serene pond views from the balcony of this surprisingly spacious condo. Kitchen has granite tile counter-tops and upgraded white cabinets. This unit comes fully furnished and in move in condition. Pierpoint is a waterfront community with dockage available for lease at very reasonable rates as well as kayak storage. There are two community pools, clubhouse with full kitchen, fitness room and a library. Fantastic location in the heart of Stuart only minutes to shopping, downtown, medical facilities and the beaches, yet still in a quiet residential area. Pierpoint is an adult community and no pets are allowed. Opportunities like this don’t come often.

Pierpoint Condos in Stuart FL Pierpoint Condos in Stuart FL

Pierpoint Condos in Stuart FL Pierpoint Condos in Stuart FL Pierpoint Condos in Stuart FL

About Pierpoint Condominiums

This friendly, active 55+ condominium offers two community pools, grills, shuffleboard, a waterfront clubhouse and dock. 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 Condos in Stuart FL Pierpoint Condos in Stuart FL

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.

Pierpoint Condos in Stuart FL Pierpoint Condos in Stuart FL

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.

Pierpoint Condos in Stuart FL Pierpoint Condos in Stuart FL Pierpoint Condos in Stuart FL

 Search for all Pierpoint Yacht Club Condos for Sale in Stuart Florida Real Estate

Pierpoint Condo in Waterfront Community – Reduced

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February 2016 Monthly Market Detail Florida Townhouses and Condos

03.28.16 by

February 2016 Monthly Market Detail Florida Townhouses and Condos

The February 2016 Monthly Market Detail Florida Townhouses and Condos is now in a balanced market and not the super heated activity as we have experienced for the past two years.  Closed sales were down by 5.4% as compared to last months decrease of 4.8% and new sales under contract (new pending sales) decreased by 10.5% (In January there was a 15.8% decrease).

The median sales price continued to rise, by 5.6% (up by 10.9% in January), while the average sales price decreased by 1.4% (was up 5.3% in January).  Interestingly prices continue to rise despite the weaker volume of sales.

The inventory increased by 6.0% from February of last year.  For February 2016 we have 6.3 months of inventory (was 5.9 months in January) also compared to 6.1 for February 2015.  First time in two years that we are seeing an increase in inventory as well as being out of a sellers market.

February 2016 Monthly Market Detail Florida Townhouses and Condos

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:
February 2016 Monthly Market Detail Florida Townhouses and Condos

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.

February 2016 Monthly Market Detail Florida Townhouses and Condos

Hobe Sound FL 33455 Condo Market Report February 2016

03.22.16 by

Hobe Sound FL 33455 Condo Market Report February 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for February 2016

For February 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 9 active condo listings. (Increased by 3 condos from January)

Hobe Sound FL 33455 Condo Market Report February 2016

5 Condos are pending and awaiting close. (Up by 3 condos from January)

Hobe Sound FL 33455 Condo Market Report February 2016

No Condos sold in February (Same as January)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  February brought the second month of no condo sales, something that hasn’t happened since I’ve been tracking this market.  With a small increase in inventory and pending sales, I expect to see at least one or two closed sales for March.

No possible absorption rate number for this month with zero sales, for December of 2015 it was 4 months.  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 may 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 2015 numbers were: 19 active listings, 5 pending sales and 3 closed sales.  Our pending sales are the same as last year, otherwise there was better activity in 2015.

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Hobe Sound FL 33455 Condo Market Report February 2016

Stuart FL 34997 Condo Market Report February 2016

03.16.16 by

Stuart FL 34997 Condo Market Report February 2016

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2016

For February 2016 in the 34997 Zip Code area of Stuart, Florida :

There are currently 78 active condo listings (Down by 1 condos from January).

Stuart FL 34997 Condo Market Report February 2016

38 Condo sales are pending and awaiting close or lender approval (Increased by 9 condos from January).

Stuart FL 34997 Condo Market Report February 2016

9 Condos Sold in February (Increased by 1 condos from January).

Stuart FL 34997 Condo Market Report February 2016

     The Stuart FL condo market for zip code 34997 started off 2016 with a slow start.  Slightly better numbers for the second month of 2016, but still not nearly as strong as last year.  Plenty of room for improvement!
     The one month absorption rate jumped to 8.7 months from 3 months for January.  Back into a buyers market after last months very strong sellers market. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The February 2014 numbers were: 44 active listings, 250 pending sales and 13 closed sales.  Better activity last year even with considerably lower inventory in 2015.  One of the few areas of Martin County with significantly more inventory this year when compared to last year.

Stuart FL 34997 Condo Market Report February 2016

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2016

Stuart FL 34996 Condo Market Report February 2016

03.14.16 by

Stuart FL 34996 Condo Market Report February 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for February 2016

For February 2016 in the 34996 Zip Code area of Stuart, Florida :

There are currently 118 active condo listings (Down by 5 condos last month).

Stuart FL 34996 Condo Market Report February 2016

53 Condo sales are pending and awaiting close or lender approval (Increased by 17 condos from January).

Stuart FL 34996 Condo Market Report February 2016

18 Condos Sold in February (Increased by 7 condos from January) 

Stuart FL 34996 Condo Market Report February 2016

The Stuart FL 34996 Condo Market of Stuart showed considerable improvement over a pretty weak January with increases in closed and pending sales.  Unfortunately, also a decrease in inventory, giving buyers less of a selection.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 decreased to 6.6 months from January’s 11.2 months.  Back into a balanced market for February.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for February 2014 were: 122 active listings, 60 pending sales and 25 closed sales.  Still not as strong a market for condos in this zip code when compared to 2015.

Stuart FL 34996 Condo Market Report February 2016

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Stuart FL 34996 Condo Market Report February 2016

Stuart FL 34994 Condo Market Report February 2016

03.12.16 by

Stuart FL 34994 Condo Market Report February 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for February 2016

For February 2016 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 91 active condo listings (down by 11 condos from January).

Stuart FL 34994 Condo Market Report February 2016

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

Stuart FL 34994 Condo Market Report February 2016

20 Condos Sold in February (Up by 5 condos from January).

Stuart FL 34994 Condo Market Report February 2016

The Stuart FL 34994 Condo market picked up steam for the second month of 2016 with strong activity in all areas.  Increases in both sales and pending sales, though down in inventory.

The one month absorption rate increased to 4.6 months compared to last month’s 6.8.   Back into a strong sellers market after last months’ 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 February the numbers were 95 active listings, 45 pending sales, and 12 closed sales.   Better closed activity this year with very similar inventory levels, with less pending sales though.

Stuart FL 34994 Condo Market Report February 2016

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Stuart Florida Real Estate presented by:
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Stuart Florida Market Report ZIP Code 34994 – Condo, February 2016

January 2016 Monthly Market Detail Florida Townhouses and Condos

02.24.16 by

January 2016 Monthly Market Detail Florida Townhouses and Condos

The January 2016 Monthly Market Detail Florida Townhouses and Condos is continuing the trend of reduced closed activity to begin 2016. Closed sales were down by 4.8% as compared to last months decrease of 1.2% and new sales under contract (new pending sales) decreased by 15.8% (In December there was a 5.2% decrease).

The median sales price was up again by 10.9% (up by 5% in December), while the average sales price increased by 5.3% (was down 2% in December).  Interestingly prices continue to rise despite the weaker volume of sales.

The inventory increased by 1.5% from January of last year.  For January 2016 we have 5.9 months of inventory (was 5.4 months in December) also compared to 6.2 for January 2015.  Just about into a balanced market, as a 6 months inventory supply is considered a balanced market.

January 2016 Monthly Market Detail Florida Townhouses and Condos

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:
January 2016 Monthly Market Detail Florida Townhouses and Condos

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.

January 2016 Monthly Market Detail Florida Townhouses and Condos

Hobe Sound FL 33455 Condo Market Report January 2016

02.22.16 by

Hobe Sound FL 33455 Condo Market Report January 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for January 2016

For January 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 6 active condo listings. (Increased by 2 condos from December)

Hobe Sound FL 33455 Condo Market Report January 2016

2 Condos are pending and awaiting close. (Up by 1 condos from December)

Hobe Sound FL 33455 Condo Market Report January 2016

No Condos sold in December (Down 1 condos from December)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  2016 began with a whimper for Hobe Sound condos with no sales.  We did have small improvements in both the inventory and pending sales.

No possible absorption rate number for this month with zero sales, for December of 2015 it was 4 months.  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 may 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 January 2015 numbers were: 17 active listings, 3 pending sales and 3 closed sales.  Much better activity last year with considerably more inventory to work with.

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Hobe Sound Florida Real Estate presented by:
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Hobe Sound FL 33455 Condo Market Report January 2016

Four Winds on the River Condo February 2016 Market Report

02.19.16 by

Four Winds on the River Condo February 2016 Market Report

There is only one condo currently available for sale in Four Winds on the River in Stuart FL.  This condo is listed for $229,000 or $168.51 per sq. ft. of living area.

There are no condos currently under contract.

In the past 12 months, 4 condos have sold in Four Winds.  Sales prices ranged from $165,000 to $215,000 for an average sales price of $185,000 which equals $136.80 per sq. ft. of living area.  These condos sold for an average of 93% of the last listed price and averaged 115 days on market prior to accepting these offers.

A wonderful small condo community on the shores of the wide Saint Lucie River in Stuart, FL, Four Winds on the River was built in 1981 and has seen some major updates and upgrades in 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.

Four Winds on the River real estate Four Winds on the River real estate

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 car ports for each condo along with ample guest parking.  This is a gated community and the common areas are shared with the small and exclusive community of Snug Harbor West.

Four Winds on the River real estate

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

Four Winds on the River real estate

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Stuart FL 34997 Condo Market Report January 2016

02.16.16 by

Stuart FL 34997 Condo Market Report January 2016

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2016

For January 2016 in the 34997 Zip Code area of Stuart, Florida :

There are currently 79 active condo listings (Up by 16 condos from December).

Stuart FL 34997 Condo Market Report January 2016

29 Condo sales are pending and awaiting close or lender approval (Increased by 10 condos from December).

Stuart FL 34997 Condo Market Report January 2016

8 Condos Sold in January (Decreased by 13 condos from December).

Stuart FL 34997 Condo Market Report January 2016

     The Stuart FL condo market for zip code 34997 started off 2016 with a slow start.  While both the inventory and pending sales increased (a good sign for future activity), closed sales too a dive for January.
     The one month absorption rate plunged to 3 months from 9.9 months for December.  Back into a buyers market after last months sellers market. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The January 2014 numbers were: 44 active listings, 17 pending sales and 11 closed sales.  Unfortunately, with a growing inventory this year as compared to 2015, sales activity did not come even close to last year, though this years pending activity is stronger.

Stuart FL 34997 Condo Market Report January 2016

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for January 2016

Stuart FL 34996 Condo Market Report January 2016

02.14.16 by

Stuart FL 34996 Condo Market Report January 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for January 2016

For January 2016 in the 34996 Zip Code area of Stuart, Florida :

There are currently 123 active condo listings (Up by 21 condos last month).

Stuart FL 34996 Condo Market Report January 2016

37 Condo sales are pending and awaiting close or lender approval (Increased by 6 condos from December).

Stuart FL 34996 Condo Market Report January 2016

11 Condos Sold in January (Decreased by 7 condos from December) 

Stuart FL 34996 Condo Market Report January 2016

The Stuart FL 34996 Condo Market of Stuart started out 2016 with pretty weak numbers as compared to both last year and last month.  Sales declined for January, while pending sales were up but still no where near as strong as last year’s numbers.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 decreased to 11.2 months from December’s 5.7 months.  A major jump into a buyers market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for January 2014 were: 125 active listings, 60 pending sales and 23 closed sales.  Much stronger activity last year as compared to 2016.

Stuart FL 34996 Condo Market Report January 2016

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Stuart FL 34996 Condo Market Report January 2016

Stuart FL 34994 Condo Market Report January 2016

02.12.16 by

Stuart FL 34994 Condo Market Report January 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for January 2016

For January 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 102 active condo listings (Up by 9 condos from December).

Stuart FL 34994 Condo Market Report January 2016

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

Stuart FL 34994 Condo Market Report January 2016

15 Condos Sold in January (Down by 2 condos from December).

Stuart FL 34994 Condo Market Report January 2016

The Stuart FL 34994 Condo market started the year with slower sales activity than the end of last year, but still better than this period from last year.  Nice to see a bit of an increase in inventory.  I hope this will continue.

The one month absorption rate increased to 6.8 months compared to last month’s 5.5.   Back into a balanced 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 January the numbers were 111 active listings, 35 pending sales, and 9 closed sales.   Better closed activity this year with very similar inventory levels, with less pending sales though.

Stuart FL 34994 Condo Market Report January 2016

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Stuart Florida Market Report ZIP Code 34994 – Condo, January 2016

December 2015 Monthly Market Detail Florida Townhouses and Condos

01.24.16 by

December 2015 Monthly Market Detail Florida Townhouses and Condos

The December 2015 Monthly Market Detail Florida Townhouses and Condos showed weaker activity as compared to last year to end 2015. Closed sales were down by 1.2% as compared to last months increase of 5.7% and new sales under contract (new pending sales) decreased by 5.2% (In November there was a 7.2% decrease).

The median sales price was up again by 5% (up by 7.1% in November), while the average sales price declines by 2% (was up 8.2% in November).  After some very strong price increases for the past two years, this rate of increase seems to be moderating for this month.

The inventory decreased by 1.8% from December of last year.  For December 2015 we have 5.4 months of inventory (was 5.5 months in November) also was 5.9 from last December.  A continued sellers market for now, as a 6 months inventory supply is considered a balanced market.

December 2015 Monthly Market Detail Florida Townhouses and Condos

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:
December 2015 Monthly Market Detail Florida Townhouses and Condos

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.

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December 2015 Monthly Market Detail Florida Townhouses and Condos

Portofino Condos at Jensen Beach January 2016 Market Update

01.24.16 by

Portofino Condos at Jensen Beach January 2016 Market Update

As of January 2016 there are two condos available for sale in Portofino.  These two are listed for $84,900 and $150,000 for an average list price of $117,450 which equals $124.09 per sq. ft. of living area.

There are no condos pending at this time.

In the past 12 months, 7 Portofino condos have sold, ranging in sales price from $61,500 to $135,000 for an average sales price of $92,364 which equals a price per sq. ft. of $90.63.  The average days on market was 13 and the average list to sales price ratio was 95%.

Portofino condos remain in high demand and sales prices continue to rise.  Many of the units continue to be controlled by the former developer who has not released them for sale and continues to run a rental program.

Portofino Condos at Jensen Beach January 2016 Market Update

Portofino Condos at Jensen Beach are 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 2016 Market Update 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.

Portofino Condos at Jensen Beach

Portofino Condos at Jensen Beach

 

Portofino Condos at Jensen Beach January 2016 Market Update

Portofino Condos at Jensen Beach January 2016 Market UpdateThe Condo Owners Association fees range from $190 to $315 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.

Portofino Condos at Jensen Beach January 2016 Market Update

Portofino at Jensen Beach

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

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.

 

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Portofino Condos at Jensen Beach January 2016 Market Update