Palm City FL 34990 Residential Market Report August 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for August 2015

For August 2015 in the 34990 Zip Code area of Palm City Florida :

There are currently 355 active listings (Decreased by 8 homes from July)

155 Residential sales are pending and awaiting close or lender approval. (Decreased by 7 homes from last month)

74 Homes Sold in July (Increased by 3 sold homes from July)

After a very strong July, the Palm City FL 34990 residential real estate market continues to show strong sales activity while the inventory of available homes for sale continues to decrease. Prices continue their steady march higher so we’ll see if this is enough of an incentive to make potential sellers put their homes on the market in the coming months. Though, I don’t anticipate any large movement until the end of the holiday season.

The current absorption rate decreased slightly to to 4.8 months from 5.1 months in July. Still a sellers’ market for the Palm City zip code 34990 area for residential sales. A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The August 2014 numbers were: 436 active listings, 145 pending sales and 76 closed sales. Considering how much smaller inventory there is this year as compared to last, our market activity is better overall than it was in 2014.

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Palm City FL 34990 Residential Market Report August 2015

Stuart FL 34996 Condo Market Report August 2015

09.16.15 by Gabe Sanders

Stuart FL 34996 Condo Market Report August 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for August 2015

For August 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 78 active condo listings (Down by 14 condos last month).

53 Condo sales are pending and awaiting close or lender approval (Increased by 11 condos from July).

20 Condos Sold in August (Increased by 4 condos from July)

The Stuart FL 34996 Condo Market is bucking the trend for the off season with increased activity for August. Both closed and pending sales increased while the level of inventory decreases to very low numbers. This level of activity will be unsustainable if the inventory doesn’t rise soon. This is good news for sellers as the prices continue to rise and demand seems to be strong.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 3.9 months from July’s 5.8 months. Back into a strong sellers’ market. A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for August 2014 were: 149 active listings, 48 pending sales and 14 closed sales. Pretty impressive activity this year, with better volume of both sales and pending sales at just about half the available inventory.

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Stuart FL 34996 Condo Market Report August 2015

Sunset Trace Townhouse Rented

09.06.15 by Gabe Sanders

Sunset Trace Townhouse Rented

3050 SW Sunset Trace Cir. in Palm City FL has been leased by the BlueWater Realty Team. The lease is for $1,350 per month for an annual term.

Private courtyard for additional living area. Laminate wood floors on the 1st floor with updated kitchen. Washer & dryer are in the unit. Carpet upstairs with 2 master bedrooms. Lots of windows for natural light. Conveniently located close to I-95, the turnpike, restaurants, shopping, library & grocery. Only a few minutes to the beach. Gated community with 24-hour guard. Palm City A+ rated schools.

Sunset Trace real estate in Palm City FL

About Sunset Trace in Palm City FL:

Just across the street from the Martin Downs Golf Club lies the gated community of Sunset Trace in Palm City, FL. Conveniently located close to Florida’s Turnpike as well as shopping, restaurants and medical facilities. And only a 15-minute ride to the pristine waters of the Atlantic Ocean and the numerous waterways and boating facilities available in Martin County, FL.

Sunset Trace is a DiVosta community of approximately 500 residences. There are four types of homes in this community: DiVosta quad townhomes which feature 2 Bedrooms and 2 and ½ bathrooms with 1,236 sq. ft. of living area; Stamford models, also four townhomes to a building featuring 2 Bedrooms and 2 and ½ bathrooms with 1,1374 sq. ft. of living area; Wellesley models have 3 Bedrooms and 2 Bathrooms in 1,295 sq. ft. and finally, the Villas in Sunset Trace offer attached single family homes with 3 Bedrooms, 2 and ½ baths and a one car garage in 1346 square feet of living area.

Sunset Trace was developed and built from 1984 to 1988. It features two community pools, three tennis courts, outdoor racquet and/or handball courts and a full-size basketball court. There’s a playground for the little ones as well. This is a lushly landscaped community with a number of lakes and ponds on the grounds making for some great water views.

All ages are welcome in Sunset Trace and children attend Citrus Grove Elementary School, Hidden Oaks Middle School, and Martin County High School. The HOA fees run $305 per month, but include exterior and hurricane insurance, basic cable TV, Lawn and Landscaping, pest control and security. Making life in Sunset Trace easy and care free.

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Sunset Trace Townhouse Rented

Plantation at Sewalls Point September 2015 Market Report

09.06.15 by Gabe Sanders

Plantation at Sewalls Point September 2015 Market Report

In September of 2015 there are 4 homes listed in the Plantation at Sewalls Point. List prices range from $1,050,000 to $6,500,000 for an average list price of $3,233,750 which equals $399.51 per sq. ft. of living area.

There are no homes under contract at present in the Plantation at Sewalls Point.

In the past 12 months, there have been no sales in the Plantation at Sewalls Point.

The Plantation at Sewalls Point is an exclusive private community of only 21 home sites. There are 10 large estate sized waterfront lots with deep water docks and views of the Saint Lucie River some with magnificent waterfront views of the Saint Lucie River. 11 smaller non-waterfront home-sites on 1/2 to 1 acre sites. All homes were custom built by individual contractors/builders from 1994 to the early 2000’s.

Some of Martin County’s most elegant homes can be found in the Plantation at Sewalls Point. Conveniently located close to Indian Riverside Park, the United States Olympic Sailing Center, Deep Water marinas, restaurants, shopping and all of this within an ‘A’ rated school system.

The HOA fees depend on the size of the property and range from around $900 a quarter to $1,400. The Plantation at Sewalls Point is one of the most prestigious communities in Martin County and the Treasure Coast of FL.

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Plantation at Sewalls Point September 2015 Market Report

Hobe Sound FL 33455 Residential Market Report July 2015

08.21.15 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report July 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for July 2015

For July 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 163 active listings. (Up by 13 homes from June)

90 Residential sales are pending and awaiting close (Down by 29 homes from June)

55 Homes Sold in July (Down by 6 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County remains very strong. Both sales and pending sales retreated a bit from last month, but still remain very strong. The inventory took a slight increase from last month. This is a much needed statistic that will hopefully continue in the months ahead.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased to 3 months (2.5 months in June). Still a strong seller’s market for the Hobe Sound area of Martin County. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for July 2014 were: 237 active listings, 80 pending sales and 51 closed sales. Even with the significantly smaller inventory, sales activity is better than last year.

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Hobe Sound FL 33455 Residential Market Report July 2015

Jensen Beach FL 34957 Condo Market Report July 2015

08.20.15 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report July 2015

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for July 2015

For July 2015 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 25 active listings. (Decreased by 6 condos from June)

13 Condo sales are pending and awaiting settlement. (Increased by 2 condos from June)

3 Condos Sold (Decreased by 2 condos from June)

The Jensen Beach FL 34957 Condo Market Report July 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic. Activity has been dropping in the Jensen Beach condo market. Some of this decrease is due to the very low inventory levels we presently have and the rest due to the fact that summer is a slow season for our condo market.

The one month absorption rate for the July 2015, Jensen Beach Florida Market Report ZIP Code 34957 rose to 8.3 months (from 6.2 months in June), back into a buyer’s market after many, many months of being a seller’s market. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The July 2014 numbers were: 30 active listings, 13 pending sales and 1 condos closed. Slightly better closed numbers this year.

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Jensen Beach FL 34957 Condo Market Report July 2015

Jensen Beach FL 34957 Residential Market Report July 2015

08.19.15 by Gabe Sanders

Jensen Beach FL 34957 Residential Market Report July 2015

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for July 2015

For July 2015 in the 34957 Zip Code area of Jensen Beach, Florida :

There are currently 108 active listings. (Down by 11 homes from last month)

85 Residential sales are pending and awaiting close or lender approval. (Down by 5 homes from June)

35 Homes Sold (Decreased by 11 homes from June)

The Jensen Beach FL 34957 Residential Market eased a little for July in sales activity. Though it remains quite strong and we wouldn’t mind seeing a bit more inventory come on the market to make this activity a bit more sustainable for the future.. The Jensen Beach residential sales activity remains among the strongest of the County.

The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 3.1 months (was 2.6 months in June). Remaining in a strong sellers market for Jensen Beach residential home sales. A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.

The July 2014 numbers were: 104 active listings, 76 pending sales and 29 home sales closed. One of our few areas in Martin County where the inventory this year exceeds last year’s. Market activity for 2015 is also much better than last year.

Jensen Beach FL 34957 Residential Market Report July 2015

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Jensen Beach FL 34957 Residential Market Report July 2015

And Another Townhome in River Pines Sold

08.18.15 by Gabe Sanders

And Another Townhome in River Pines Sold

5914 SE Riverboat Drive in River Pines in Stuart, FL has sold. The sales price was $131,700 reflecting the rise in value of these well maintained townhomes in this wonderful Stuart community. This is the 5th River Pines sale by the BlueWater realty team in the past two years and we expect some more coming soon.

New! New! New! New kitchen with real wood cabinets! New solid slab custom granite counter tops! New stainless steel quality Whirlpool appliances! New wood laminate flooring in bedrooms and living room + new stone style tile in kitchen & baths! New custom wood baseboards! New vanities and counter tops in bathrooms! New electric outlets throughout entire home! New water heater & water lines! New fans!

Large fenced courtyard with shed in the waterfront community of River Pines located adjacent to the Intracoastal Waterway and the Saint Lucie Inlet. Easy access to the community pool, tennis and racquetball courts, kayak launch as well as all the amenities of the manatee pocket such as great restaurants and marinas. Golf, tennis and social memberships also available for the Miles Grant country club across the street. Enjoy this true “hideaway” in the quaint fishing village known as Port Salerno.

About River Pines in Stuart Florida

Located just off the Intracoastal Waterway off of Cove Road in Stuart is the River Pines community. 396 private residences in quad style town-homes. This community was built in 1981 and 1982 and all homes are 1288 sq. ft. of living area with 2 bedrooms and 2 and ½ baths. There are large private courtyards for each home, some of which the residents have enclosed for added living area.

Only a short walk or bike ride to the Saint Lucie River with access for kayak launch. Boat ramps also nearby. All ages are welcome and 2 small pets are permitted. Each home has 2 reserved parking spots with additional guest parking. Amenities include 2 Community pools, tennis courts and racquetball/handball courts. There’s also a private preserve adjacent to the Intracoastal available exclusively for residents use.

A very well-run community with excellent financials. Residents have the option of joining the Miles Grant golf club (just across the street).

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And Another Townhome in River Pines Sold

Palm City FL 34990 Residential Market Report July 2015

08.17.15 by Gabe Sanders

Palm City FL 34990 Residential Market Report July 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for July 2015

For July 2015 in the 34990 Zip Code area of Palm City Florida :

There are currently 363 active listings (Increased by 5 homes from June)

162 Residential sales are pending and awaiting close or lender approval. (Decreased by 1 homes from last month)

71 Homes Sold in June (Decreased by 57 sold homes from June)

After a very strong June, the Palm City FL 34990 residential real estate market eased a bit for July. Though still excellent activity and one that is far more sustainable for the future. Of interest, is the small rise in inventory. Hopefully this will continue for the coming months.

The current absorption rate jumped up to 5.1 months from 2.8 months in June. Still a slight sellers’ market for the Palm City zip code 34990 area for residential sales. A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The July 2014 numbers were: 432 active listings, 148 pending sales and 73 closed sales. Better pending sales and almost identical closed sales with a considerably reduced inventory. Makes 2015 a better market than last year for Palm City.

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Palm City FL 34990 Residential Market Report July 2015

Stuart FL 34996 Condo Market Report July 2015

08.14.15 by Gabe Sanders

Stuart FL 34996 Condo Market Report July 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for July 2015

For July 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 92 active condo listings (Down by 10 condos last month).

42 Condo sales are pending and awaiting close or lender approval (Increased by 16 condos from June).

16 Condos Sold in July (Decreased by 10 condos from June)

The Stuart FL 34996 Condo Market moderated a bit for July. Closed sales were down from the previous month and unfortunately the inventory continues to drop. Surprisingly there was a large jump in pending sales which is a good indication for continued strong activity for the remainder of the summer..

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 5.8 months from June’s 3.9 months. Drifting close to a balanced market for July. A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for July 2014 were: 143 active listings, 45 pending sales and 11 closed sales. Better activity this year even though our inventory is significantly lower than it was in July of 2014.

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Stuart FL 34996 Condo Market Report July 2015

Highlands Reserve August 2015 Market Update

08.02.15 by Gabe Sanders

Highlands Reserve August 2015 Market Update

There are currently 18 homes actively listed in Highlands Reserve for August of 2015 in Palm City, Florida. Prices range from $359,990 to $869,990. The average list price is $550,060 which equals $161.22 per square foot of living area.

There are 10 homes under contract awaiting closing. List prices ranged from $354,990 to $719,990. The average list price is $504,426 at $137.98 per square foot of living area. None of these homes are short sales or foreclosures.

In the past 12 months, 35 homes have sold in Highlands Reserve with an average sales price of $427,627at $139.44 per square foot of living area. Actual sales prices ranged from $275,000 to $760,000. These sales averaged 271 days on market and sold at 97% of listed price.

Highlands Reserve is one of the newest upscale communities in this section of Martin County. Enter the magnificent gates and surround yourself with the well appointed amenities of the clubhouse and natural beauty of this community. Included are paths into winding nature trails will offer dramatic views of surrounding natural preserves and serene lakes.

Located only seconds from I-95 and within minutes of shopping, beaches and the laid back easy lifestyle of Martin County. Perfect for the family with an ‘A’ rated school system. Only 30 minutes to West Palm Beach and 2 hours to Orlando.

Low HOA fees of $315.00 per month include landscaping and irrigation as well as the security gate, use of the full service clubhouse with large pool and state of the art fitness center. Lounge and kitchen for private parties and occasions.

Highlands Reserve is a D. R. Horton community and new construction homes are still available. There are usually some excellent offers available through Realtors. Call us today for our new construction special rebate program.

Give us a call for the full line of exceptional new homes available in Highland Reserve in Palm City, FL.

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Stuart Florida Real Estate

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Highlands Reserve August 2015 Market Update

Another River Pines Town Home Stuart FL Under Contract

07.30.15 by Gabe Sanders

Another River Pines Town Home Stuart FL Under Contract

5914 SE Riverboat Drive in River Pines in Stuart, FL has gone under contract through the efforts of the Gabe Sanders BlueWater realty team. This updated town home was listed for $134,900 and we will report on the sale price once the sale has been completed.

A very well run community with excellent financials. Residents have the option of joining the Miles Grant golf club (just across the street).

As of July, 2015 HOA fees were $160 per month.

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Another River Pines Town Home Stuart FL Under Contract

Hobe Sound FL 33455 Residential Market Report June 2015

07.21.15 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report June 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for June 2015

For June 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 150 active listings. (Down by 30 homes from May)

119 Residential sales are pending and awaiting close (Up by 6 homes from May)

61 Homes Sold in June (Down by 4 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues to set a torrid pace for sales. Though the continuing drop in available inventory will soon effect the volume of sales unless more product goes back on the market. Can’t sell it if it’s not available.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dipped to 2.5 months (2.8 months in May). Still an extreme seller’s market for the Hobe Sound area of Martin County. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for June 2014 were: 261 active listings, 95 pending sales and 40 closed sales. A very significant drop in inventory, yet the volume remains better than last year.