Jensen Beach FL 34957 Residential Market Report September 2015

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

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

There are currently 119 active listings. (Up by 11 homes from last month)

61 Residential sales are pending and awaiting close or lender approval. (Down by 16 homes from August)

31 Homes Sold (Increased by 1 homes from August)

The Jensen Beach FL 34957 Residential Market remains quite strong. This is one of the few areas in our County with increased inventory from last year. Pending sales were off from month to month as well as last year, but closed sales have remained very strong. And, prices continue to go up.

The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased slightly to 3.8 months (was 3.9 months in August). 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 September 2014 numbers were: 112 active listings, 74 pending sales and 39 home sales closed. Better activity last year, but this is still a strong market favoring sellers.

Jensen Beach FL 34957 Residential Market Report September 2015

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Jensen Beach FL 34957 Residential Market Report September 2015

Palm City FL 34990 Residential Market Report September 2015

10.15.15 by Gabe Sanders

Palm City FL 34990 Residential Market Report September 2015

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

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

There are currently 365 active listings (Increased by 10 homes from August)

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

60 Homes Sold in August (Decreased by 14 sold homes from August)

After a very strong August, the Palm City FL 34990 residential real estate market continues to show excellent sales activity. Also nice to see an increase in inventory for this month. This could be a result of the continuing fairly strong gains in prices in the past two years.

The current absorption rate increased slightly to to 6 months from 4.8 months in August. Into a balanced 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 September 2014 numbers were: 433 active listings, 120 pending sales and 70 closed sales. Better closed numbers last year, but even with the reduced inventory there is a greater number of pending sales for this year.

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Palm City FL 34990 Residential Market Report September 2015

River Pines Townhouse Available For Rent

10.14.15 by Gabe Sanders

River Pines Townhouse Available For Rent

6207 SE Riverboat Drive in River Pines, Stuart, FL has just been listed for rent by the Gabe Sanders real estate team. Available fully furnished for an annual rent of $1,400 per month.

Spacious Townhouse with private quiet location in River Pines. Only a short walk or bike ride to the Intracoastal with kayak storage and launch, or just fish from the dock. Boat ramps also nearby.

All ages welcome and 2 medium pets permitted. 2 reserved parking spots with additional guest parking. 2 Community pools, tennis courts and racquetball/handball courts. Exceptionally well run community with excellent financials. Residents have the option of joining the Miles Grant golf club (just across the street)

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. 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).

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

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River Pines Townhouse Available For Rent

Stuart FL 34996 Condo Market Report September 2015

10.12.15 by Gabe Sanders

Stuart FL 34996 Condo Market Report September 2015

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

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

There are currently 76 active condo listings (Down by 2 condos last month).

41 Condo sales are pending and awaiting close or lender approval (Decreased by 12 condos from August).

29 Condos Sold in September (Increased by 9 condos from August)

The Stuart FL 34996 Condo Market is bucking the trend for the off season with increased activity for September. As we head into the off season for condo sales, this segment of the Stuart condo market has seen some very strong activity, though the greatly reduced active inventory is cause for some serious concern. This will impact future numbers if we don’t see more units come on the market soon.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 plunged to 2.6 months from August’s 3.9 months. Continuing as a very strong sellers market. A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for September 2014 were: 147 active listings, 37 pending sales and 28 closed sales. Stronger activity this year as compared to last with significantly less inventory.

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Stuart FL 34996 Condo Market Report September 2015

River Pines Townhouse Stuart FL Just Listed

10.10.15 by Gabe Sanders

River Pines Townhouse Stuart FL Just Listed

6207 SE Riverboat Drive in River Pines, Stuart, FL has just been listed for sale by the Gabe Sanders real estate team. The list price for this spacious and furnished townhouse is $149,900.

Spacious Townhouse with private quiet location in River Pines. Only a short walk or bike ride to the Intracoastal with kayak storage and launch, or just fish from the dock. Boat ramps also nearby.

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).

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

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River Pines Townhouse Stuart FL Just Listed

Hobe Sound FL 33455 Residential Market Report August 2015

09.23.15 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report August 2015

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

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

There are currently 149 active listings. (Down by 14 homes from July)

84 Residential sales are pending and awaiting close (Down by 6 homes from July)

34 Homes Sold in August (Down by 21 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County remains very strong even if activity has eased a bit for the past couple of months. Of great concern to me is the greatly reduced inventory of available Hobe Sound homes for sale. Buyers have a limited choice of available homes. Anyone considering a move in the near future in Hobe Sound, please give me a call as you have some quite exciting options.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased to 4.4 months (3 months in July). Hobe Sound is still a seller’s market as we slow in activity for the off-season. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for August 2014 were: 242 active listings, 60 pending sales and 49 closed sales. Better closed activity last year while our pending sales are better for this year. All this with an inventory that is almost half of last year. Quite impressive!

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Hobe Sound FL 33455 Residential Market Report August 2015

Jensen Beach FL 34957 Condo Market Report August 2015

09.22.15 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report August 2015

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

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

There are currently 22 active listings. (Decreased by 3 condos from July)

13 Condo sales are pending and awaiting settlement. (Unchanged from July)

5 Condos Sold (Increased by 2 condos from July)

Jensen Beach FL 34957 Condo Market Report August 2015

The Jensen Beach FL 34957 Condo Market Report August 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic. Inventory levels are now at historic lows and unless we get some more condos on the market, I suspect this will be a quiet fall and early winter for the Jensen Beach condo market.

The one month absorption rate for the August 2015, Jensen Beach Florida Market Report ZIP Code 34957 plunged to 4.4 months (from 8.3 months in July), back into a sellers’ market after after a one month buyers’ market. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The August 2014 numbers were: 26 active listings, 16 pending sales and 3 condos closed. Better closed numbers for this year, though pending sales were better last year.

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Jensen Beach FL 34957 Condo Market Report August 2015

Jensen Beach FL 34957 Residential Market Report August 2015

09.21.15 by Gabe Sanders

Jensen Beach FL 34957 Residential Market Report August 2015

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

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

There are currently 108 active listings. (Up by 9 homes from last month)

77 Residential sales are pending and awaiting close or lender approval. (Down by 8 homes from July)

30 Homes Sold (Decreased by 5 homes from July)

The Jensen Beach FL 34957 Residential Market eased for the second month in a row, yet this is still very much of a sellers market. We’ve had two months of increasing inventory which is good news for buyers and the general health of this market. Going into the holiday months, I expect sales activity to decrease until we get into our next season.

The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 3.9 months (was 3.1 months in July). 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 August 2014 numbers were: 104 active listings, 74 pending sales and 29 home sales closed. Much less pending activity as compared to last year and similar closed activity. Inventory is greater this year which is very unusual for our market at this time.

Jensen Beach FL 34957 Residential Market Report August 2015

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Jensen Beach FL 34957 Residential Market Report August 2015

Palm City FL 34990 Residential Market Report August 2015

09.19.15 by Gabe Sanders

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.