Stuart Florida Market Report ZIP Code 34997 – Residential, December 2011

Stuart Florida Market Report ZIP Code 34997 – Residential, December 2011

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2011

There are currently 522 active listings (a decrease of 5 homes from November).

176 Residential sales are pending and awaiting close or lender approval (A decrease of 22 homes from November).

78 Homes Sold in November (Up 36 homes from November)

A very strong month for December in the 34997 zip code area of Stuart Florida.  Sales almost doubled by the end of the year.  Inventory was down and the only negative report shows pending sales were down.

Compared to December of 2010, the inventory is down by approximately 50 homes or 10%.  Less supply should be a catalyst for greater demand.  Lower supply should also help stabilize prices.  There were 155 pending sales in 2010 compared to the 176 this year (Dec 2011) and there were 47 homes sold in Dec 2010 as compared to the 78 last month.  Very strong results that may very likely continue into 2012 as the economic outlook appears to be more positive.  With renewed optimism, I see a strong market in the future for the Stuart 34997 zip code area.

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Stuart Florida Market Report ZIP Code 34997 – Residential, December 2011

Snug Harbor Home in Stuart – SOLD!

Snug Harbor Home in Stuart – SOLD!

There’s a new lucky owner of this Snug Harbor pool home in Stuart, one of Martin County’s premier neighborhoods.

Boating or tennis anyone?  Then this custom home in the exclusive waterfront enclave of Snug Harbor Yacht Club is for you.  Amenities include a deep water marina with boat slips, tennis courts, clubhouse, and a boat ramp only minutes from the ocean. 18′ ceilings with American Cypress grace a formal living room with floor-to-ceiling wood and a brick fireplace.  The open floor plan comes with French doors and arched windows throughout, with a light airy ambiance.  Tropically landscaped pool and patio off the kitchen and a great room with an enclosed sunroom.  Recently remodeled chef’s kitchen with granite, stainless, Thermidor gas cooktop and double ovens, Kitchen Aid fridge, and custom maple cabinets. Two bedrooms and two baths with an office or possible 4th BR with 1/2 bath on 1’st floor.  Escape to the master “Sanctuary” encompassing the 2’nd floor with a remodeled bath that includes a hydro tub & sep shower, walk-in closets and your own private sundeck.

One of the premier neighborhoods in Stuart FL, Snug Harbor was the vision of a group of 10 Yachtsmen, many former Commodores of the Chicago Yacht Club back in 1943.  They bought the land and platted the area in September 1944 as well as forming the Snug Harbor Corporation, which controlled the ownership of the lots.

In 1975 the deeds were distributed and/or sold to the then owners and a condominium form of ownership was established.  With both waterfront and non-waterfront homes and estates and located just minutes away from the ocean by boat or car and also convenient to downtown Stuart, offices, restaurants and recreational areas, Snug Harbor is one of the finest communities in Martin County.  There are only 72 home sites with a clubhouse, deep water marina and tennis courts. 

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Snug Harbor Home in Stuart – SOLD!

Castle Hill Home in Sewalls Point – SOLD!

Castle Hill Home in Sewalls Point – SOLD!

There’s a new lucky owner of this Castle Hill pool home in Sewalls Point, one of Martin County’s premier neighborhoods.

Beautiful 2-story CBS home in desirable Castle Hill on Sewall’s Point.  5 possible 6 bedrooms, 3 full baths, 2.5 car garage.  Master bedroom suite on the first floor.  Stunning travertine patio and very private pool.  The backyard is completely fenced-in and in a totally private setting.  Kitchen with center island and gas stove.  Formal living with 2 story vaulted ceiling and cozy gas fireplace.  Terrific floor plan.  Master suite + guest bedroom suite on the first floor.  The second floor has two bedrooms, a full bathroom + a loft/game room that could be converted into a 6th bedroom if necessary.  City water and sewer.  Located in the desirable Jensen Beach High School district, this one will not last long.

Castle Hill is a neighborhood known for its reputation of being high class and gorgeous in the community of Sewalls Point in Stuart. Only minutes from the Jensen Beach and Stuart Causeways, Castle Hill has a wide variety of gorgeous beaches to relax on, entertainment and restaurants to choose from. Residents can enjoy low HOA fees and quiet family-oriented neighborhoods. There are many waterfront homes as well as homes situated on large areas of land. The homes in Castle Hill are pretty much described by the name Castle Hill; they are large-scale and stately!

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Sewalls Point Florida Real Estate presented by:

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Castle Hill Home in Sewalls Point – SOLD!

High Point in Sewalls Point, Florida

High Point in Sewalls Point, Florida

Located on the southern tip of Sewalls Point, High Point and High Point Isles is an oasis of beautiful homes on high elevation lots yet just minutes away from the clear blue waters of the Atlantic ocean.
High Point Isles is the eastern section of the High Point peninsula and consists of all waterfront homes in the Intracoastal Waterway and within sight of the Saint Lucie Inlet for access to the Atlantic.  Ringing the south and west circumference of High Point are additional waterfront estates with deep water, high elevation and spectacular views of the Saint Lucie and Indian Rivers.  The interior lots in High Point feature ample room, many have water views and all of this is in the prestigious town of Sewalls Point.
The link below will take you to all currently available High Point homes in Sewalls Point, Florida

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High Point in Sewalls Point, Florida

The Archipelago in Sewalls Point, Florida

The Archipelago in Sewalls Point, Florida

Located in the prestigious town of Sewalls Point, Florida the Archipelago is a nongated neighborhood of all waterfront homes with access to the crystal clear waters of the Atlantic Ocean through the Saint Lucie Inlet in Martin County, Florida.  All the homes in the Archipelago are on either the wide waters of the Indian River or located on deep water canals.  The Saint Lucie Inlet to the Atlantic is less than two miles away by water.  Access is maintained by dredging all Archipelago waterways to 6’.  Homes range from modest older frame homes to spectacular estate lots with magnificent views.

The link below will take you to all currently available Archipelago homes in Sewalls Point, Florida

Search for Archipelago Homes for Sale

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Sewalls Point  Real Estate is presented by:

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The Archipelago in Sewalls Point, Florida

Lakeside Pool Home in Oak Ridge – Just SOLD!

Lakeside Pool Home in Oak Ridge – Just SOLD!

Palm City residents, welcome your proud new neighbors as they move into their just purchased Oak Ridge home courtesy of the Gabe Sanders real estate team of Premier Realty Group.

Discover the best value for the money for a 4 bedroom CBS lakefront pool home on a cul-de-sac with spa & towering ceilings located in a gated community with tennis courts, a clubhouse and a community boat ramp with ocean access!  Immediate/Quick closing … enjoy today’s low-interest rates and Palm City’s “A” rated schools!  A top-quality home that was previously owned by respected builder Doug Moline! You will fall in love with the 20ft high ceilings, choice lakefront location, beautiful wood staircase & huge screened porch!  This is Palm City’s best value!

Search for all Oak Ridge Homes for Sale

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Lakeside Pool Home in Oak Ridge – Just SOLD!

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, November 2011

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, November 2011

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for November 2011

For November 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 40 active condo listings. (Down 2 from last October)

6 Condo sales are pending and awaiting close or lender approval. (Up 3 from October)

No Condos sold in November (Down from 2 sales in October)

The Hobe Sound condo market (Zip Code 33455) is a very small segment of both Hobe Sound real estate as well as the smallest condo market on the Treasure Coast. Unfortunately no sales last month, but the inventory dropped marginally and pending sales were up to 3 units.  Compared to last year, where there were 41 listings, 9 pending sales and 1 closed sale, the market has not changed much for Hobe Sound.

Hopefully, we’ll see some improvement in sales in the coming months, but as long as the inventory stays this small, we just don’t see any appreciable rise in numbers.  Most of these products are in the lower price ranges and this is where we expect to see activity.

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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, November 2011

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, November 2011

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, November 2011

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for November 2011

For November 2011 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
(Due to technical difficulties the October Market Snapshot data was unavailable)

There are currently 59 active listings. (Down 1 from October)

12 Condo sales are pending and awaiting close or lender approval. (Unchanged from October)

2 Condo Sold (A decrease of 7 condos from October)

Last month’s disappointing results for the Jensen Beach condo market report (ZIP Code 34957) has continued into November.  At least the inventory didn’t increase and there were 2 sales this month as opposed to last month’s 1.   Last year at this time, 3 sales, 24 pending sales and 65 active listings.  In the residential segment (single-family homes) of the market, we’ve seen a marked improvement over the past year.  In the condo market, this hasn’t been the case.

Speculating on the reasons for this could be the current low prices of single-family units.  The difficulty of obtaining financing for condos in this lending environment and the nervousness regarding the economy and future are being felt by the more senior set that tend to go for the condo type of housing.  Condo sales tend to be more active after the holidays and we will hopefully see an increase in activity following the holiday season.

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Jensen Beach Florida Real Estate presented by:
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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, November 2011

Palm City Florida Market Report ZIP Code 34990 – Condo, November 2011

Palm City Florida Market Report ZIP Code 34990 – Condo, November 2011

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for November 2011

For November 2011 in the 34990 Zip Code area of Palm City, Florida :

There are currently 60 active condo listings. (Up 1 from October)

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

1 Condo Sold in November. (A decrease of 1 condo from October)

The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single-family homes or townhomes.  With only 60 currently active listings, it is not a very large market.   Last year at this time there were 78 active listings, and the market was more active with 5 pending sales and 6 closed sales as compared to this year’s anemic 3 and 1 respectively.  The condo market overall remains significantly more sluggish as compared to the single-family residential market.

Speculating on the reasons for this could be the current low prices of single-family units.  The difficulty of obtaining financing for condos in this lending environment and the nervousness regarding the economy and future are being felt by the more senior set that tends to go for the condo type of housing.  Condo sales tend to be more active after the holidays and we will hopefully see an increase in activity following the holiday season.

Search here for Palm City Florida Real Estate for Sale ( Condos)

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Palm City Florida Market Report ZIP Code 34990 – Condo, November 2011

Stuart Florida Market Report ZIP Code 34997 – Condo, November 2011

Stuart Florida Market Report ZIP Code 34997 – Condo, November 2011

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2011

For November 2011 in the 34997 Zip Code area of Stuart, Florida :

There are currently 119 active condo listings (A decrease of 1 condo from October).

24 Condo sales are pending and awaiting close or lender approval (Up 11 from October).

5 Condos Sold in June (Down 5 from October).

Bucking the trend for the other Stuart condo area market snapshots, the Stuart condo market for the area in ZIP code 34997 showed a decrease in inventory as well as an increase in pending sales.  Unfortunately closed sales were also off.

Compared to last year, inventory is significantly reduced (179 units to the present 119).  The sales and pendings are basically unchanged.  The majority of sales in this market area remain in the lower price ranges.

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Stuart Florida Real Estate presented by:
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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2011

Stuart Florida Market Report ZIP Code 34996 – Condo, November 2011

Stuart Florida Market Report ZIP Code 34996 – Condo, November 2011

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for November 2011

For November 2011 in the 34996 Zip Code area of Stuart, Florida :
There are currently 225 active condo listings (Up 12 from last month).

21 Condo sales are pending and awaiting close or lender approval (A decrease of 3 from October).

14 Condos Sold in November (A decrease of 3 condos from October)

The Stuart condo market for the area in ZIP code 34996 had another month of increased inventory for November. Also, the second month of small decreases in closed and pending sales.  Hopefully, this is just a typical seasonal slowdown as we get into the holiday months. The large increase in inventory is troubling for sellers as this may have significant downward pressure on prices for the coming winter season if this trend continues.

There were a couple of higher-priced sales this past month, which helps the average sales price report and brings those numbers up a bit.  The inventory does remain approximately 20% below the 2010 level, but unfortunately, sales, as well as pending sales, were also down.  The 2012 selling season should start to heat up in the January report (two months from now) and hopefully, the trend will be positive.

Search here for Stuart Florida Real Estate for Sale ( Condos)

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Our market reports are here!

Stuart Florida Real Estate presented by:
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Stuart Florida Market Report ZIP Code 34996 – Condo, November 2011

Stuart Florida Market Report ZIP Code 34994 – Condo, November 2011

Stuart Florida Market Report ZIP Code 34994 – Condo, November 2011

Stuart Real Estate Snapshot for ZIP Code 3499, Condo Sales for November 2011

For November 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 146 active condo listings (Up 11 from October).

35 Condo sales are pending and awaiting close or lender approval. (Up 4 from last month)

10 Condos Sold in November (Down 11 units from October).

Unlike the residential market in Martin County, Florida, the Stuart condo market for the area in ZIP code 34994 continues to show some weakness.  While inventory is down significantly from last year’s levels (177 units in 2010 to 146 in 2011), sales were off from the previous month as well as last year.  Inventory has also risen for the past two months.  On a positive note, pending sales were up slightly.  The vast majority of sales in this Stuart (34994 zip code market) are selling in the lower spectrum of the price range.

How much of this market trend can be attributed to the slower holiday season is not known at this point.  In the next few months, the peak season for condos will show what the market can bear for the 2012 Treasure Coast condo sales season.

Search here for Stuart Florida Real Estate for Sale ( Condos)

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Stuart Florida Real Estate presented by:
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Stuart Florida Market Report ZIP Code 34994 – Condo, November 2011

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, November 2011

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, November 2011

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for November 2011

For November 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 316 active listings. ( Down 12 from October)

71 Residential sales are pending and awaiting close or lender approval (Up 12 from October)

15 Homes Sold in November (A decrease of 15 homes from last month)

Bucking the trend from the rest of Martin County, the Hobe Sound real estate market (ZIP Code 33455) had a second month of decreasing inventory and increasing pending sales.  Unfortunately closed sales were down by 50% from 30 units (a strong October) to only 15 last month.

Compared to last November, we had 431 active listings, 51 pending sales and 16 closed sales.  Even with a significant decrease in inventory, sales as well as pending sales remain strong.  In addition, recent sales have tended toward more medium and upper-end price ranges which shows many higher-income buyers coming back into the market.

Provided we don’t see a drastic increase in distressed properties (short sales and bank-owned foreclosures), we should be in line for a good performance from the Hobe Sound real estate market in 2012.

Search here for Hobe Sound Florida Real Estate for Sale

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Stuart Florida Real Estate presented by:
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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, November 2011

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, November 2011

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, November 2011

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for November 2011

For November 2011 in the 34957 Zip Code area of Jensen Beach, Florida :

There are currently 152 active listings. (An increase of 6 from last month)

80 Residential sales are pending and awaiting close or lender approval. (A decrease of 4 homes from October)

16 Homes Sold (Up 10 from October)

The Jensen Beach real estate market (ZIP Code 34957) showed a small increase in inventory this month, yet is still more than 30 homes less than last November, while still having the same number of sales as last year (an increase from last month.  Also almost 30 more pending sales from last November which is a slight decrease from last month. 

Of the closed sales in the past few months, there are a significantly higher number of homes in the medium to upper price ranges as compared to the past few years, showing a renewed interest in the medium and upper end of the market.  Provided the numbers for distressed homes don’t increase in 2012, we should see continued growth and good activity in the Jensen Beach, Florida real estate market.

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Jensen Beach Florida Real Estate presented by:
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Jensen Beach Florida Market Report ZIP Code 34957 – Residential, November 2011

Just Listed – Ocean Front Land on Hutchinson Island

 Just Listed – Ocean Front Land on Hutchinson Island

 Vacant land with almost a full acre on the shores of the Atlantic ocean

2431 NE Ocean Blvd in Stuart Florida

Enjoy living in paradise on this .86 Acre Ocean Front Lot located across the street from Spinnaker Point, with access to the Spinnaker Point day dock on the Indian River side of Hutchinson Island. 100′ of Ocean Front property for your dream estate which will feature panoramic Ocean views. Just minutes from the amenities of the public beaches in prestigious South Hutchinson Island in Martin County. Close to shopping and A Rated Schools.

Search for Hutchinson Island Vacant Land Listings

 Just Listed – Ocean Front Land on Hutchinson Island

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Stuart Florida Real Estate presented by:
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Palm City Florida Market Report ZIP Code 34990 – Residential, November 2011

Palm City Florida Market Report ZIP Code 34990 – Residential, November 2011

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for November 2011

For November 2011 in the 34990 Zip Code area of Palm City Florida :

There are currently 468 active listings (Increased 11 homes from October)

144 Residential sales are pending and awaiting close or lender approval. (Increased 6 from last month)

36 Homes Sold in November (A decrease of 5 homes from October)

For the Palm City, zip code 34990, area of Martin County Florida, we had a second month of increasing inventory, although modest in number.  Also an increase in pending sales, but unfortunately a decrease in closed sales.  Comparing the numbers to November of 2010 when there were 608 active listings, 121 pending sales and 40 closed sales, there is significantly less inventory this year, with sales close to equal of last year as well as a higher number of pending sales.  Of the closed sales in the past few months, there are a significantly higher number of homes in the medium to upper price ranges as compared to the past few years, showing a renewed interest in the medium and upper end of the market.

Provided the numbers for distressed homes don’t increase in 2012, we should see continued growth and good activity in the Palm City, Florida real estate market.

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Palm City Florida Real Estate presented by:
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Palm City Florida Market Report ZIP Code 34990 – Residential, November 2011

Stuart Florida Market Report ZIP Code 34996 – Residential, November 2011

Stuart Florida Market Report ZIP Code 34996 – Residential, November 2011

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for November 2011

For November 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 173 active listings (Up 12 from October).

28 Residential sales are pending and awaiting close or lender approval (Down 7 from October).

14 Homes Sold in November (Up 9 from October).

The 34996 zip code area pf Stuart Florida had a much better November compared to October up to 14 homes from a low of 5 in October.   Inventory also rose by 12 homes and pending sales were off, possibly reflecting a slowdown of activity during the holiday season.  Buyer traffic is remaining strong as many realize that it is an excellent market for home affordability on Florida’s Treasure Coast.

The numbers for November of 2010 were 210 active listings, 29 pending sales and 5 closed sales.  Sales have almost tripled with less inventory available.  An excellent sign for market recovery which we believe is well underway.  Depending on the status of distressed homes (short sales and bank-owned properties), we wouldn’t be surprised to see prices start to inch up in the near future.

Search here for Stuart Florida Real Estate for Sale

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Stuart Florida Real Estate presented by:
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Stuart Florida Market Report ZIP Code 34996 – Residential, November 2011

Stuart Florida Market Report ZIP Code 34994 – Residential, November 2011

Stuart Florida Market Report ZIP Code 34994 – Residential, November 2011

Stuart Real Estate Snapshot for ZIP Code 3499, Residential Sales for November 2011

For November 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 79 active listings (Up 2 from October).

32 Residential sales are pending and awaiting close or lender approval (Down 4 from October).

11 Homes Sold in November (Up 2 from October)

The 34994 ZIP code area of Stuart had a relatively unchanged market from last month.  With inventory up slightly by two homes, pending sales off by 4 and closed sales up by 2.  Comparing the activity to November of 2010 when there were 119 active listings with 32 pending sales and 2 closed sales.   A significantly higher number of sales were completed this year compared to last year even though there were fewer available homes.

With the lower inventory this year, it will be interesting to see what happens as we get into the height of the season in the next few months.

Search here for Stuart Florida Real Estate for Sale

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Stuart Florida Real Estate presented by:
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Stuart Florida Market Report ZIP Code 34994 – Residential, November 2011

Stuart Florida Market Report ZIP Code 34997 – Residential, November 2011

Stuart Florida Market Report ZIP Code 34997 – Residential, November 2011

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for November 2011

There are currently 527 active listings (an increase of 8 from October).

198 Residential sales are pending and awaiting close or lender approval (Up 5 from October).

42 Homes Sold in October (Down 5 from October)

Compared to October, the 34997 zip code area of Stuart Florida saw movement in the wrong direction, with inventory up for the second month in a row and both pending sales and closed sales off as well.   Of more interest, compared to November of 2010, inventory is up by about 100 homes, but sales are more than double and pending sales are almost triple last year’s numbers.

So, it appears that we are seeing a seasonal slowing of the market for the holiday season, but numbers are still dramatically higher than last year’s figures.  This is showing great promise for the year ahead.  For those waiting for prices to come back to pre-bubble values, we just don’t believe it will happen any time soon.  Housing is currently at historically affordable levels and those that can afford or qualify are making their moves.  At one point in the future, these low-interest rates are bound to go up making homes less affordable

Search here for Stuart Florida Real Estate for Sale

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Stuart Florida Market Report ZIP Code 34997 – Residential, November 2011

Price Reduced on Spacious Palm City Waterfront Home

Price Reduced on Spacious Palm City Waterfront Home

5 BR, 3 BA, Pool Home with 4 Car Garage and Ocean Access Dock and Lift

Price Reduced to $550,000

Wonderful opportunity for a family in need of 5 BR’s or for those who have all of their relatives visit them in Palm City, Florida so they can go swimming and boating all winter while others are busy shoveling snow up north!
This spacious Palm City waterfront home rests on nearly an acre of lushly landscaped natural beauty! Tucked away for maximum privacy, this screened pool home overlooks private serene canals with ocean access along with serene preserve views. The inviting living area boasts an open floor plan with vaulted ceilings, and a gourmet kitchen complete with 42 inch oak cabinets, SS appliances, and granite countertops. A true 5BR plus den with a large master retreat that has an additional bonus room ideal for a nursery, gym, or office. Bonus features of this home are impact glass windows, ample closets and storage, 2 zone AC, a High-efficiency Tanin water filter system, a double-sided wood-burning fireplace and a 4 car tandem detached garage. All in an ‘A’ rated school district in Martin County, Florida.

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Palm City Real Estate is presented by:

the Gabe Sanders real estate team

Price Reduced on Spacious Palm City Waterfront Home