Jensen Beach Club September 2015 Market Report

Jensen Beach Club September 2015 Market Report

There is only one available Jensen Beach Club Condo on the MLS at this time. The list price is $149,900 which equates to $140.88 per sq. ft. of living area.

There are no condos under contract at the present time.

In the past 12 months, 14 condos have sold. Sales prices ranged from $99,000 to $159,500 for an average sales price of$133,814 which is $122.96 per sq. ft. of living area. These condos sold in an average of 91 days and on average sold for 94% of list price.

Jensen Beach Club on Hutchinson Island

The Jensen Beach Club is a complex consisting of 9 buildings surrounding a lake on Hutchinson Island on a pristine 21 acres. Lying directly across the street from the Ocean and the public beach at the end of the Jensen Beach Causeway. There are 196 condos which are all 1,090 sq. ft. of living area with 2 bedrooms and 2 bathrooms with private balconies or patios. The Jensen beach Club complex was built between 1986 and 1987 and has a community pool, clubhouse and tennis courts. These are three story buildings with the most desirable condos being end units with lake views.

Jensen Beach Club on Hutchinson Island

The Jensen beach Club will allow up to 25 lb. or smaller pet and rentals are also allowed with some restrictions. The maintenance fee at the time of this post was around $300 per month, which includes the insurance and maintenance for the building exterior as well as the common areas, pest control, management and water and sewer charges.

Jensen Beach Club on Hutchinson Island

There are two designated parking spots for each unit and ample guest parking as well. Jensen Beach Club residents enjoy the convenience of having ocean access just across the street and also being a short drive or bicycle ride to restaurants, shopping and the wonderful amenities of Jensen Beach and Martin County FL. All at a very affordable price.

Jensen Beach Club on Hutchinson Island

Search for available Jensen beach Club Condos here.

Links to all Martin County Condos on Hutchinson Island in Stuart and Jensen Beach you may wish to consider:
Angler CoveBeachwood VillasButtonwoodDune CondominiumFairwinds CoveGreen Turtle CoveHutchinson HouseIndian River Plantation CondosIslander 12Jensen Beach ClubLittle Ocean ClubLittle Ocean PlaceMaritimesOcean ViewSailfish PointSandpebbleSeasideSuntide

Jensen Beach Club September 2015 Market Report

July 2015 Monthly Market Detail Florida Townhouses and Condos

July 2015 Monthly Market Detail Florida Townhouses and Condos

The July 2015 Monthly Market Detail Florida Townhouses and Condos continues to show improved activity as compared to last July.  Closed sales were up by 13.9% as compared to last months increase of 14.6% and new sales under contract (new pending sales) increased by 4.7% (In June there was a 2.7% increase).

Both median and average sales prices continue to increase, with rises of (year to year) 9.1% and 4.3% respectively (in June they were up by 7.9% and 3.1%).  As sales volume decreases, I expect to see some moderation in the coming months for price increases.

The inventory decreased by 2% from July of last year.  For July 2015 we have 5.3 months of inventory (was 5.5 months in June) also was 5.7 from last July.  A slight sellers market for now, as a 6 months inventory supply is considered a balanced market.

July 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:
July 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.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

July 2015 Monthly Market Detail Florida Townhouses and Condos

June 2015 Monthly Market Detail Florida Townhouses and Condos

June 2015 Monthly Market Detail Florida Townhouses and Condos

The June 2015 Monthly Market Detail Florida Townhouses and Condos rebounded after a somewhat weak May.  Closed sales were up by 14.6% as compared to last months decrease of 0.1% and new sales under contract (new pending sales) increased by 2.7% (In May there was a 1.4% decrease).

Both median and average sales prices continue to increase, with rises of (year to year) 7.9% and 3.1% respectively (in May they were up by 9.7% and o.5%).  As sales volume decreases, I expect to see some moderation in the coming months for price increases.

The inventory decreased by 1.8% from June of last year.  For June 2015 we have 5.5 months of inventory (was 5.8 months in May) also was 5.8 from last June.  A slight sellers market for now, as a 6 months inventory supply is considered a balanced market.

June 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:
June 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.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

June 2015 Monthly Market Detail Florida Townhouses and Condos

Stuart Homes for Sale Get Boost from National Forecast

Stuart Homes for Sale Get Boost from National Forecast

 Stuart FL real estate

Suppose you are a Stuart homeowner who intends to move to a different home eventually, but for the moment, you aren’t under any particular deadline pressure that would dictate when you have to put your home on the market. In that case, you’re likely to keep tabs on overall market conditions, awaiting what looks like circumstances favor those with homes for sale.

Twice a year, the National Association of Realtors® issues their economists’ midyear forecast—it appeared last week. For those with homes for sale in Stuart (or anyone thinking about adding theirs to the homes already for sale), the outlook was heartening.

The forecast was for the greater U.S. economy to improve, bouncing back from the weather-blasted winter stall which made the first quarter a disappointment. Subsequently, consumer spending opened up, causing expectation that the GDP would rise in the remainder of the year. Overall, the forecast for 2015 was positive, though lukewarm. As a whole, the year promises to be “not bad but not great.”

On the other hand, focusing narrowly on the outlook for U.S. housing market activity—homes for sale—the upside momentum was already decidedly more in evidence. The prospects for any single one of the Martin County homes for sale depend upon a combination of factors, but if national activity is any reflection, the latest numbers packed what you could call a “6-7-8-9 punch”:

  • Existing home sales in May notched a high water mark not seen in 6 years (and the 2009 level had been artificially inflated because of an $8,000 homebuyer tax credit).
  • New home sales hit the highest level in 7
  • Housing permits to build new homes registered an 8 year high.
  • Pending contracts to buy existing homes for sale reached a 9 year high.

Examining the demographics behind the figures, it was clear that, for the first time in quite a while, first-time buyers are back. Last year during the same period, only 27% of buyers were first-timers. They now make up a more normal 32%. As prices brought by homes for sale continued to rebound, institutional investors were disappearing from the scene, creating a more typical mix of buyers.

A major part of the reason why homes for sale were fetching “stronger than normal home price growth” had to do with a shortage of inventory—ascribed to the volume of new homes being built (or not being built). The rule of thumb is generally for about 1.5 million new homes to be constructed per year, a mark that’s failed to be realized for a number of years. In 2009, only 550,000 home were built—and the total had barely reached a million through last year. But now, with optimism among homebuilders at newly robust levels, it’s expected that normal output will have fully resumed by 2017.

The other major factor boosting sale prices was the specter of mortgage rate increases. Rising mortgage rates “initially rush buyers to decide”—just the kind of sign that could tip the scales for a homeowner who’s been waiting to add their property to the homes for sale in Stuart. Should you decide that this summer is shaping up to have just the conditions you’ve been waiting for, I hope you’ll give me a call for a no-obligation consultation!

 

Stuart Homes for Sale Get Boost from National Forecast

 

Florida Mortgage Rates on the Rise? Bellwether Signals Clues

Florida Mortgage Rates on the Rise? Bellwether Signals Clues

 Home Mortggage Rates

If you’ve ever had the kind of neighbor who is apt to borrow something (like your hedge trimmer), only to later complain about how it performed, you know how much patience it takes to hold your tongue. The Mortgage Bankers Association would be justified if they felt that way about me: I read their website, and sometimes quote it in posts about current Stuart mortgage rates—but it sure makes for dull reading!

Anyway, with apologies to their (undoubtedly hard-working) writing staff, last week’s blog about national mortgage rates was as numbers-heavy as usual, yet still held a contradiction…but one that actually makes perfect sense. It also flags what could be seen as a bellwether that Stuart home buyers and sellers would be hard-pressed to ignore.

The apparent contradiction was that mortgage rates were on the increase: national mortgage rates for 30-year fixed loans rose to 4.17%, which is the highest they’ve been since November. This is for conforming loans; the jumbos (greater than $417,000) went north as well, up to 4.15%.

As everyone knows, low mortgage interest rates are terrific for our Martin County residential home sales. The low monthly payments that they create make homeownership more affordable for a greater number of buyers. So when rates increase and monthly payments go up, it should create a drag on the market. The apparent contradiction in the MBA release was that the increase in rates was accompanied by an increase in mortgage applications. And it was a big one: up 8.4% from the week before.

Most commentators were united about the phenomenon, and it’s hard to disagree. In addition to the natural surge that comes with the season (spring and summer are always expected to be quite active), consumers are seeing the uptick in mortgage rates and suspecting that rates will head higher. That’s nudging them to action, causing them to jump in now, while rates are still attractive—especially compared with historical averages.

CNBC’s Diana Olick agreed that such sharp increases actually help the home-buying market. She quotes one lender’s take about the buyers: “They understand that ‘wait a minute, rates are at an all-time low, let’s react now, let’s react before they go higher.’

It’s far from a certainty that rates will continue to take off. Lots of us remember last year, when almost all the experts predicted a rise, yet mortgage interest rates headed in the opposite direction…and stayed there! But you can hardly blame area buyers if they go with the national trend and decide that locking in today’s rates is a prudent move: it’s a bird in the hand.

If you have been thinking along the same lines, I hope you will give me a call!

 

Florida Mortgage Rates on the Rise? Bellwether Signals Clues