Palm City FL 34990 Condo Market Report August 2019

09.19.19 by

Palm City FL 34990 Condo Market Report August 2019

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for August 2019

There are currently 80 active condo listings. (Increased by 3 condos from July)

Palm City FL 34990 Condo Market Report August 2019 

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

Palm City FL 34990 Condo Market Report August 2019

3 Condos Sold in August. (Unchanged from July)

Palm City FL 34990 Condo Market Report August 2019

The Palm City FL 34990 condo real estate market remains a fairly small segment of the Martin County condo market.  The sales activity in this market is challenging because of two condo communities with high equity and association fees that are currently not in favor with the general public.  Though, those who love golf, there are some incredible bargains in these communities.  August continued to display difficulties for this market.

The current absorption rate for condos in the 34990 zip rose to 26.7 months (was 25.7 months in July). Remaining in an extreme buyer’s market for Palm City condos.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The August 2018 numbers were: 76 active listings, 7 pending sales, and 7 closed sales.  There was somewhat better activity last year.
Palm City FL 34990 Condo Market Report August 2019
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

Search here for condos for sale in the 34990 zip code area of Palm City FL

Palm City Florida Real Estate presented by
the Gabe Sanders real estate team

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Palm City FL 34990 Condo Market Report August 2019

Stuart FL 34994 Condo Market Report August 2019

09.17.19 by

Stuart FL 34994 Condo Market Report August 2019 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for August 2019

For August 2019 in the 34994 Zip Code area of Stuart, Florida :

There are currently 101 active condo listings (Up by 2 condos from July).

Stuart FL 34994 Condo Market Report August 2019

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

Stuart FL 34994 Condo Market Report August 2019

24 Condos Sold in July (Up by 9 condos from July).

Stuart FL 34994 Condo Market Report August 2019

The Stuart FL 34994 Condo market had a nice jump in closed sales this month.  Inventory, as well as pending sales, showed little change from July.  The hurricane, towards the end of the month, seems to have had little effect on this segment of the Stuart condo market.

The absorption rate for August dropped to 4.2 months compared to last month’s 6.6 months.  Back into a seller’s 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 nor sellers have an advantage in the real estate market.

Last August the numbers were 77 active listings, 60 pending sales, and 16 closed sales. Better closed sales volume this year on a greater inventory of available condos for sale.  Pending sales were much better last year.

Stuart FL 34994 Condo Market Report August 2019

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

Click here for condos for sale in the 34994 zip code area of Stuart FL

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Search here for Stuart Florida Real Estate for Sale

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Stuart FL 34994 Condo Market Report August 2019 

 

Florida Townhouses and Condos July 2019 Market Report

09.06.19 by

Florida Townhouses and Condos July 2019 Market Report

The Florida Townhouses and Condos Market Report for July 2019 had a positive month with improved activity when compared to last July.  Closed sales were up by 4.3% as compared to last month’s decrease of 9.4% and new sales under contract (new pending sales) increased by 3.3% (In June there was a 1.5% decrease).

Prices were also up for the month of July.  The median sales price was up by 4.4% (was up by 2.6% in June), while the average sales price increased by 4.1% (was down 4.0% in June).

The inventory of active listings increased by 3.4% from July of last year.  We now have 5.5 months of inventory as compared to 5.3 months for July 2018.  Remaining 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.

Florida Townhouses and Condos July 2019 Market Report

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 2019 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 2019 Market Report

Hobe Sound FL 33455 Condo Market Report July 2019

09.04.19 by

Hobe Sound FL 33455 Condo Market Report July 2019

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for July 2019

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

There are currently 10 active condo listings. (Down by 2 condos from June)

Hobe Sound FL 33455 Condo Market Report July 2019

5 Condos are pending and awaiting close. (Up by 2 condos from June)

Hobe Sound FL 33455 Condo Market Report July 2019

3 Condo sold in July. (Up by 2 condos from June)

Hobe Sound FL 33455 Condo Market Report July 2019

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Even with these small number of available condos for sale, the activity remains strong.  There is surprisingly strong activity for such a small market segment of Martin County.

The absorption rate for Hobe Sound condos was 3.3 months for July (it was 12 months for 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 2018 numbers were: 5 active listings, 5 pending sales, and 3 closed sales.  Very similar activity when compared to last year for the Hobe Sound July 2019 condo market activity.

Hobe Sound FL 33455 Condo Market Report July 2019

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

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Hobe Sound FL 33455 Condo Market Report July 2019

Stuart FL 34997 Condo Market Report July 2019

09.02.19 by

Stuart FL 34997 Condo Market Report July 2019

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for July 2019

For July 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 44 active condo listings (Down by 12 condos from June).

Stuart FL 34997 Condo Market Report July 2019

20 Condo sales are pending and awaiting close (Up by 5 condos from June).

Stuart FL 34997 Condo Market Report July 2019

16 Condos Sold in July (Up by 5 condos from June).

Stuart FL 34997 Condo Market Report July 2019

      The Stuart FL condo market for zip code 34997 picked up considerably from last month and is a very active condo real estate market.

     The absorption rate plunged to 2.8 months in July compared to 5.1 months for June.  Back into a very strong seller’s market for condos in 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 2018 numbers were: 44 active listings, 21 pending sales, and 17 closed sales.  Very similar to the July 2018 condo activity for the 34997 zip code area of Martin County.

Stuart FL 34997 Condo Market Report July 2019

Stuart Florida Real Estate presented by:
Gabe Sanders

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Stuart FL 34997 Condo Market Report July 2019

Four Winds on the River August 2019 Real Estate Market Report

08.29.19 by

Four Winds on the River August 2019 Real Estate Market Report

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

There are also no condos under contract and awaiting sale.

In the past 12 months, only 1 condo has sold in Four Winds.  This condo sold for $180,000 or $133.33 per sq. ft. of living area.  It sold for 90% of the list price and was on the market for 281 days before going under contract.

About Four Winds on the River in Stuart FL:

Four Winds on the River Condo 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 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 in Stuart FL

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 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.

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

Search for all Four Winds on the River Condos for Sale


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Stuart FL Real Estate is presented by:
the Gabe Sanders Realty team

Four Winds on the River August 2019 Real Estate Market Report

Stuart FL 34996 Condo Market Report July 2019

08.27.19 by

Stuart FL 34996 Condo Market Report July 2019

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for July 2019

For July 2019 in the 34996 Zip Code area of Stuart, Florida :

There are currently 98 active condo listings (Down by 6 condos from last month).

Stuart FL 34996 Condo Market Report July 2019

34 Condo sales are pending and awaiting close or lender approval (Down by 9 condos from June).

Stuart FL 34996 Condo Market Report July 2019

31 Condos Sold in July (Up by 2 condos from June) 

Stuart FL 34996 Condo Market Report July 2019

The Stuart FL 34996 Condo Market of Stuart continues to have excellent sales activity.  pending sales were off a little for July and the inventory has also decreased.  This may affect the market in the coming months.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dipped to 3.2 months from June’s 3.6 months. Still a strong seller’s market for this segment of Martin County condos but not as extreme as last month.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for July 2018 were: 106 active listings, 25 pending sales, and 26 closed sales.  Better sales and pending sales activity this year on a smaller number of available condos for sale.

Stuart FL 34996 Condo Market Report July 2019

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

Search here for condos for sale in the 34996 zip code area of Stuart FL

Stuart Florida Real Estate presented by:
Gabe Sanders – Stuart Florida Real Estate

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Stuart FL 34996 Condo Market Report July 2019

Palm City FL 34990 Condo Market Report July 2019

08.23.19 by

Palm City FL 34990 Condo Market Report July 2019

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for July 2019

For July 2019 in the 34990 Zip Code area of Palm City, Florida :

There are currently 77 active condo listings. (Increased by 11 condos from June)

Palm City FL 34990 Condo Market Report July 2019 

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

Palm City FL 34990 Condo Market Report July 2019

3 Condos Sold in July. (Down by 9 condos from June)

Palm City FL 34990 Condo Market Report July 2019

The Palm City FL 34990 condo real estate market remains a fairly small segment of the Martin County condo market.  The sales activity in this market is challenging because of two condo communities with high equity and association fees that are currently not in favor with the general public.  Though, those who love golf, there are some incredible bargains in these communities.  July retreated back to weak activity for this market.

The current absorption rate for condos in the 34990 zip exploded to 25.7 months (was 5.5 months in June).  Shifting back into an extreme buyer’s market for Palm City condos.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The July 2018 numbers were: 78 active listings, 9 pending sales, and 1 closed sales.  Slightly better activity this year.
Palm City FL 34990 Condo Market Report July 2019
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

Search here for condos for sale in the 34990 zip code area of Palm City FL

Palm City Florida Real Estate presented by
the Gabe Sanders real estate team

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Palm City FL 34990 Condo Market Report July 2019

Stuart FL 34994 Condo Market Report July 2019

08.21.19 by

Stuart FL 34994 Condo Market Report July 2019 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for July 2019

For July 2019 in the 34994 Zip Code area of Stuart, Florida :

There are currently 99 active condo listings (Down by 15 condos from June).

Stuart FL 34994 Condo Market Report July 2019

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

Stuart FL 34994 Condo Market Report July 2019

15 Condos Sold in June (Unchanged from June).

Stuart FL 34994 Condo Market Report July 2019

The Stuart FL 34994 Condo market changed very little from last month.

The absorption rate for July dropped to 6.6 months compared to last month’s 7.6 months.  Back into a balanced 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 July the numbers were 84 active listings, 57 pending sales, and 16 closed sales. Much better pending sales numbers last year and just slightly better closed sales.  Inventory is higher for 2019.

Stuart FL 34994 Condo Market Report July 2019

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

Click here for condos for sale in the 34994 zip code area of Stuart FL

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Search here for Stuart Florida Real Estate for Sale

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Stuart FL 34994 Condo Market Report July 2019 

 

VilaBella Town-Home Condos in Stuart FL August 2019 Market Report

08.03.19 by

VilaBella Town-Home Condos in Stuart FL August 2019 Market Report


For August 2019, there are no townhomes for sale in VilaBella.

There are no pending sales currently in Vilabella

In the past 12 months, only 1 VilaBella townhome has sold. The sales price was $191,000 or $118.86 per sq. ft. of living area.  This home sold for 101% of list price and was on the marlet for 146 days before going under contract.

About Vilabella in Stuart FL:

VilaBella Central Parkway Condos in Stuart, Florida

Entrance to VilaBella Town-Home Condos

 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 Town Home Condos in Stuart, FloridaVilabella townhomes are 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.

VilaBella Town Home Condos in Stuart, Florida2 large pets are permitted.  The HOA fees vary from $295.00 to $316.00 a month depending on the size and location of the unit.  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.

Search here for Vilabella Townhomes for Sale

VilaBella Town-Home Condos in Stuart FL August 2019 Market Report

 

Stuart Florida Real Estate presented by
the Gabe Sanders real estate team

Florida Townhouses and Condos June 2019 Market Report

08.02.19 by

Florida Townhouses and Condos June 2019 Market Report

The Florida Townhouses and Condos Market Report for June 2019 had weaker sales activity when compared to last June.  Closed sales were down by 9.4% as compared to last month’s increase of 1.6% and new sales under contract (new pending sales) decreased by 1.5% (In May there was a 0.5% increase).

Prices were mixed for the month of June.  The median sales price was up by 2.6% (was up by 3.7% in May), while the average sales price decreased by 4.0% (was down 1.2% in May).

The inventory of active listings increased by 4.6% from June of last year.  We now have 5.7 months of inventory as compared to 5.5 months for June 2018.  Remaining in a slight 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.

Florida Townhouses and Condos June 2019 Market Report

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 2019 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 2019 Market Report

Hobe Sound FL 33455 Condo Market Report June 2019

07.31.19 by

Hobe Sound FL 33455 Condo Market Report June 2019

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for June 2019

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

There are currently 12 active condo listings. (Up by 3 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2019

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

Hobe Sound FL 33455 Condo Market Report June 2019

1 Condo sold in June. (Down by 2 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2019

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Even with these small number of available condos for sale, the activity remains strong.  This month was slow for closed sales but with an increase in inventory, I expect better results in the coming months.

The absorption rate for Hobe Sound condos was 12 months for June (it was 3.0 months for 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 2018 numbers were: 4 active listings, 5 pending sales, and 3 closed sales.  A better volume of sales and pending sales last year.  TThere is a little greater inventory of condos this year.

Hobe Sound FL 33455 Condo Market Report June 2019

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

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Hobe Sound FL 33455 Condo Market Report June 2019

Stuart FL 34997 Condo Market Report June 2019

07.29.19 by

Stuart FL 34997 Condo Market Report June 2019

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2019

For June 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 56 active condo listings (Up by 4 condos from May).

Stuart FL 34997 Condo Market Report June 2019

15 Condo sales are pending and awaiting close (Down by 18 condos from May).

Stuart FL 34997 Condo Market Report June 2019

11 Condos Sold in June (Down by 8 condos from May).

Stuart FL 34997 Condo Market Report June 2019

      The Stuart FL condo market for zip code 34997 continues to be active but it did slow down from the past few months.

     The absorption rate increased to 5.1 months in June compared to 2.7 months for May.  Continuing as a seller’s market for condos in the 34997 zip code of Stuart FL, but approaching a balanced 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 June 2018 numbers were: 50 active listings, 26 pending sales, and 18 closed sales.  There was better sales and pending sales volume last year.

Stuart FL 34997 Condo Market Report June 2019

Stuart Florida Real Estate presented by:
Gabe Sanders

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Stuart FL 34997 Condo Market Report June 2019

Stuart FL 34996 Condo Market Report June 2019

07.23.19 by

Stuart FL 34996 Condo Market Report June 2019

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for June 2019

For June 2019 in the 34996 Zip Code area of Stuart, Florida :

There are currently 104 active condo listings (Down by 25 condos from last month).

Stuart FL 34996 Condo Market Report June 2019

43 Condo sales are pending and awaiting close or lender approval (Down by 4 condos from May).

Stuart FL 34996 Condo Market Report June 2019

29 Condos Sold in June (Down by 2 condos from May) 

Stuart FL 34996 Condo Market Report June 2019

The Stuart FL 34996 Condo Market of Stuart showed weaker sales and pending sales volume but also a drop in inventory keeping the sales rations very active.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dropped to 3.6 months from May’s 4.2 months. Still a strong seller’s market for this segment of Martin County condos but not as extreme as last month.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for June 2018 were: 106 active listings, 38 pending sales, and 29 closed sales.  Very similar sales volume when compared to last year.

Stuart FL 34996 Condo Market Report June 2019

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

Search here for condos for sale in the 34996 zip code area of Stuart FL

Stuart Florida Real Estate presented by:
Gabe Sanders – Stuart Florida Real Estate

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Stuart FL 34996 Condo Market Report June 2019

Palm City FL 34990 Condo Market Report June 2019

07.19.19 by

Palm City FL 34990 Condo Market Report June 2019

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for June 2019

For June 2019 in the 34990 Zip Code area of Palm City, Florida :

There are currently 66 active condo listings. (Decreased by 2 condos from May)

Palm City FL 34990 Condo Market Report June 2019 

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

Palm City FL 34990 Condo Market Report June 2019

12 Condos Sold in June. (Up by 4 condos from May)

Palm City FL 34990 Condo Market Report June 2019

The Palm City FL 34990 condo real estate market remains a fairly small segment of the Martin County condo market.  The sales activity in this market is challenging because of two condo communities with high equity and association fees that are currently not in favor with the general public.  Though, those who love golf, there are some incredible bargains in these communities.  June was a good month for this segment of condo real estate in Martin County.

The current absorption rate for condos in the 34990 zip dropped to 5.5 months (was 8.5 months in May).  Shifting into a seller’s market for Palm City condos for the first time in a while.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The June 2018 numbers were: 86 active listings, 8 pending sales, and 9 closed sales.  A better volume of sales and pending sales this year all on a reduced inventory of available condos.
Palm City FL 34990 Condo Market Report June 2019
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

Search here for condos for sale in the 34990 zip code area of Palm City FL

Palm City Florida Real Estate presented by
the Gabe Sanders real estate team

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Palm City FL 34990 Condo Market Report June 2019

Stuart FL 34994 Condo Market Report June 2019

07.17.19 by

Stuart FL 34994 Condo Market Report June 2019 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for June 2019

For June 2019 in the 34994 Zip Code area of Stuart, Florida :

There are currently 114 active condo listings (Down by 8 condos from May).

Stuart FL 34994 Condo Market Report June 2019

35 Condo sales are pending and awaiting close or lender approval. (Unchanged from last month) 

Stuart FL 34994 Condo Market Report June 2019

15 Condos Sold in May (Down by 3 condos from May).

Stuart FL 34994 Condo Market Report June 2019

The Stuart FL 34994 Condo market showed mostly weaker activity when compared to last month which is not all that unexpected as condo sales tend to slow down during the summer months in our area.  Pending sales, though, remain strong.

The absorption rate for June rose to 7.6 months compared to last month’s 6.8 months.  Transitioning into a buyer’s 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 June the numbers were 83 active listings, 55 pending sales, and 25 closed sales.  Considerably greater inventory of condos available for sale this year but a weaker number of closed sales.  Pending sales are higher this year which could mean some better sales activity coming in the next couple of months.

Stuart FL 34994 Condo Market Report June 2019

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

Click here for condos for sale in the 34994 zip code area of Stuart FL

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Search here for Stuart Florida Real Estate for Sale

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Stuart FL 34994 Condo Market Report June 2019 

 

Florida Townhouses and Condos May 2019 Market Report

07.08.19 by

Florida Townhouses and Condos May 2019 Market Report

The Florida Townhouses and Condos Market Report for May 2019 had slightly stronger sales activity when compared to last May.  Closed sales were up by 1.6% as compared to last month’s increase of 3.2% and new sales under contract (new pending sales) increased by 0.5% (In April there was a 0.8% decrease).

Prices were mixed for the month of May.  Median sales price was up by 3.7% (was up by 3.6% in April), while the average sales price decreased by 1.2% (was up 3.1% in April).

The inventory of active listings increased by 4.8% from May of last year.  We now have 5.9 months of inventory as compared to 5.7 months for May 2018.  Drifting back into a slight 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.

Florida Townhouses and Condos May 2019 Market Report

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 2019 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 2019 Market Report

Sand Dollar Oceanfront Condo Sold

07.08.19 by

Sand Dollar Oceanfront Condo Sold

A wonderfully updated condo that has been sold for $320,000 which will be a great new vacation home for the new owners.

Sand Dollar Shores Condos on Hutchinson Island in Jensen Beach

A completely remodeled oceanfront condo which can be your seaside resort paradise.  Spectacular views from this 4th-floor unit. Improvements include the AC, water heater, washer, and dryer replaced in 2017. New updated electrical panel installed in 2017 with new switches and dimmers. Removal of all popcorn ceilings was done. There is new 12 x 30 tile flooring throughout A beautiful kitchen with top of the line stainless appliances, noiseless dishwasher, and high-end wood cabinets with auto close drawers, granite countertops and under cabinet LED lighting. All new 4-panel wood doors, new door frames, baseboards, elegant crown molding and plantation shutters in the bedrooms. Custom Cherrywood master closet and new ceiling fans in all 3 rooms. Both bedrooms, baths and kitchen furnishings are inclusive with some pieces in living room included.

Living Room of Sand Dollar Shores Condo

About the Sand Dollar Condos in Jensen Beach:

The kitchen of Sand Dollar Shores Condo in Jensen Beach

The Sand Dollar Shores condos in Jensen Beach on Hutchinson Island (also known as Sand Dollar Villas) consist of 5 buildings which were completed in 1980.  Located approximately 5 miles north of the Jensen Beach Causeway these Sand Dollar Shores condos offer some of the best private ocean access with few crowds and unspoiled beaches.

Dining Area of Sand Dollar Shores Condo in Jensen Beach

All condos are 2 bedroom and 2 bathrooms with either 1,113 or 1,053 sq. ft. under roof plus additional balcony space.  Sand Dollar condos offer direct ocean access and have two pools, a clubhouse, fitness room, and tennis courts.

View from the balcony of Sand Dollar Shores Condo on Hutchinson Island

Rentals are allowed with only a one-month minimum stay requirement and 1 large pet is permitted for owners.  HOA fees cover Basic Cable TV, Common Areas, Common R.E. Tax, Elevator, Exterior Electric, Fire/Liability Insurance, Grounds / Plants, Insurance-Bldg., Lawn Care, Legal/Accounting, Maintenance Exterior, Management Fees, Manager, Parking, Pool Service, Reserve Funds, Roof Maintenance, Security, Water, Sewer and Trash Removal.

Bedroom of Sand Dollar Shores Condo in Jensen Beach
Bedroom of Sand Dollar Shores Condo in Jensen Beach

This gated community on the crystal clear blue waters of the Atlantic Ocean may be just the right ticket for your Florida home!

Bathroom of Sand Dollar Shores Condo on Hutchinson Island
The bathroom of Sand Dollar Shores Condo on Hutchinson Island

View all Sand Dollar Shores condos for sale:

Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you November wish to consider:
Admiral – Atlantis – Claridge – Dune Walk – Empress – Island Club –  Island Crest – Island Dunes – Miramar – Miramar Royale – Ocean Dunes – Oceana North – Oceana Oceanfront – Oceana South – Ocean Towers – Oceanrise  – Ocean Bay Villas – Princess –  Regency –Sand Dollar Shores – Sea Winds – Villa del Sol

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Residential Homes, Condos and Land

Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Sand Dollar Oceanfront Condo Sold

Hobe Sound FL 33455 Condo Market Report May 2019

07.03.19 by

Hobe Sound FL 33455 Condo Market Report May 2019

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for May 2019

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

There are currently 9 active condo listings. (Up by 1 condo from April)

Hobe Sound FL 33455 Condo Market Report May 2019

3 Condos are pending and awaiting close. (Up by 2 condos from April)

Hobe Sound FL 33455 Condo Market Report May 2019

3 Condos sold in May. (Up by 3 condos from April)

Hobe Sound FL 33455 Condo Market Report May 2019

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Even with these small number of available condos for sale, the activity remains very robust.

The absorption rate for Hobe Sound condos was 3.0 months for 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 May 2018 numbers were: 6 active listings, 5 pending sales, and 1 closed sale.  A better volume of sales and inventory this year.  There was a better number of pending sales last year.

Hobe Sound FL 33455 Condo Market Report May 2019

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

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Hobe Sound FL 33455 Condo Market Report May 2019

Palm City FL 34990 Condo Market Report May 2019

06.27.19 by

Palm City FL 34990 Condo Market Report May 2019

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for May 2019

For May 2019 in the 34990 Zip Code area of Palm City, Florida :

There are currently 68 active condo listings. (Decreased by 10 condos from April)

Palm City FL 34990 Condo Market Report May 2019 

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

Palm City FL 34990 Condo Market Report May 2019

8 Condos Sold in May. (Down by 3 condos from April)

Palm City FL 34990 Condo Market Report May 2019

The Palm City FL 34990 condo real estate market remains a fairly small segment of the Martin County condo market.  The sales activity in this market is challenging because of two condo communities with high equity and association fees that are currently not in favor with the general public.  Though, those who love golf, there are some incredible bargains in these communities.  May showed a nice rise in activity for these communities.

The current absorption rate for condos in the 34990 zip is 8.5 months (was 7.1 months in April).  Shifting into a more pronounced buyer’s market for Palm City condos.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The May 2018 numbers were: 87 active listings, 11 pending sales, and 9 closed sales.  Very similar activity to last year but with a significantly lower number of available condos for sale.
Palm City FL 34990 Condo Market Report May 2019
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

Search here for condos for sale in the 34990 zip code area of Palm City FL

Palm City Florida Real Estate presented by
the Gabe Sanders real estate team

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Palm City FL 34990 Condo Market Report May 2019