Dunes Club Condos May 2019 Market Report

05.16.19 by

Dunes Club Condos May 2019 Market Report

For May 2019 there are no condos available to purchase in the Dunes Club on Hutchinson Island.

There is 1 condo currently under contract in the Dunes Club.  The list price was $425,000 which is also $324.43 per sq. ft. of living area.  This condo was on the market for 14 days prior to going under contract.

And, in the past twelve months, there have not been any sales in this community.

About the Dunes Club Condos on Hutchinson Island

The Dunes Club on Hutchinson Island

The Dunes Club Condos of Hutchinson Island just outside of the Indian River Plantation complex of Stuart FL is an oceanfront complex of spacious townhome style condos.  These units were built in 1974. There are 18 residences; all are 2 bedroom and 3 bath condos with 1,310 sq. ft. of living area.

Dunes Club Condos on Hutchinson Island

There is ample parking for all as well as a private swimming pool.  The management fees at the time of this writing are $650 per month.

Dunes Club Condos on Hutchinson Island

Though not actually a part of the Indian River Plantation, residents can join the beach club and enjoy the amenities which include a golf course, full-service marina, tennis courts, tiki bar and shuttle service around the complex and to the Hutchinson Island Marriott resort facilities.

Dunes Club Condos on Hutchinson Island

Click here to view available Dunes Club Condos for Sale

Additional Indian River Plantation Condos you may wish to consider:
Bayview – Beachwalk – Fairway Villas – Inlet Village – Lakeside – Ocean House – Ocean Terrace – Plantation Club Villas – Plantation House – Resort Villas – River Village – Riverbend – Riverwood – Tennis Villas

Dunes Club Condos May 2019 Market Report

Stuart FL 34994 Condo Market Report April 2019

05.15.19 by

Stuart FL 34994 Condo Market Report April 2019 

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

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

There are currently 115 active condo listings (Up by 10 condos from March).

Stuart FL 34994 Condo Market Report April 2019 

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

Stuart FL 34994 Condo Market Report April 2019 

25 Condos Sold in March (Down by 1 condo from March).

Stuart FL 34994 Condo Market Report April 2019 

The Stuart FL 34994 Condo market continues to show very strong activity for the early Spring market.  There are no signs of a slowdown for this segment.

The absorption rate for April rose to 4.6 months compared to last month’s 4.0 months.  Still 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 or sellers have an advantage in the real estate market.

Last April the numbers were 97 active listings, 75 pending sales, and 28 closed sales.  Considerably better activity last year when there was also fewer available Stuart condos for sale (inventory).

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 April 2019 

 

Harborage Yacht Club May 2019 Market Report

05.15.19 by

Harborage Yacht Club May 2019 Market Report

For May 2019 there are 8 active listings in the Harborage Yacht Club with list prices ranging from $195,000 up to $445,000.  This is an average list price of $269,113 which comes out to $198.40 per sq. ft. of living area.

There are 2 condos currently under contract.  List prices were $239,900 and $349,900.  This is an average of $294,900 or $228.39 per sq. ft. of living area.  These condos were on the market for an average of 260 days before going under contract.

In the past 12 months, 14 condos have sold.  Sales prices were from $112,000 up to $300,000.  This works out to an average sales price of $194,586 which equals $152.99 per sq. ft. of living area.  These condos sold on average at 89% of list price and took an average of 257 days before going under contract.

About the Harborage Yacht Club Condos in Stuart Florida:

Harborage Yacht Club Condos in Stuart

Located just north of the charming historical heart of Martin County, Stuart’s downtown and just across the Roosevelt Bridge is one of Stuart’s newest waterfront communities, the Harborage Yacht Club and Marina. Located on the shores of the wide Saint Lucie River and only minutes to access the Atlantic Ocean via the Saint Lucie Inlet and then either great fishing or travel to points beyond.

Harborage Yacht Club Condos in Stuart Harborage Yacht Club Condos in Stuart

The Harborage Yacht Club and Marina consist of a newer condo development with 2 and 3 bedroom luxury residences called cottages, almost all with sweeping water views. Developed by well renowned Altman Development Corporation and constructed from 2004 to 2006.  Completely sold out at its unveiling, many units are currently available at deeply discounted prices.

Harborage Yacht Club Condos in Stuart Harborage Yacht Club Condos in Stuart

The marina consists of 150 deep water docks available for rent for both owners and visitors to the beautiful Treasure Coast. Amenities include a state of the art 3 story yacht club, with the exclusive Harbor Grille restaurant, a completely equipped professional fitness center with sauna and spa, infinity edge pool and spa, and much, much more.

Harborage Yacht Club Condos in Stuart Harborage Yacht Club Condos in Stuart

Yacht club membership is included for all residents and limited memberships are available for non-residents at this time. Recent changes to the HOA fees have had a negative effect on sales in Harborage with the current fees exceeding $1,000 a month.  This includes a great many amenities and for the price of newer waterfront units that November just may be worth it for the right buyer.

Harborage Yacht Club Condos in Stuart Harborage Yacht Club Condos in Stuart

Search for available Condos in the Harborage Yacht Club

 Harborage Yacht Club May 2019 Market Report

Stuart Florida 34994 Residential Market Report April 2019

05.14.19 by

Stuart Florida 34994 Residential Market Report April 2019

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for April 2019

For March 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 91 active listings (Up by 1 home from March)

Stuart Florida 34994 Residential Market Report April 2019

35 Residential sales are pending and awaiting close or lender approval (Decreased by 3 homes from last month).

Stuart Florida 34994 Residential Market Report April 2019

17 Homes Sold in May (Decreased by 2 homes from March)

Stuart Florida 34994 Residential Market Report April 2019

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida showed slightly weaker activity than last month but remains quite active..

The one-month absorption rate for the 34994 zip code for March rose to 5.4 months from 4.7 months for March.  Remaining in a seller’s market t for the 34994 zip code area of Stuart, FL   A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The April 2018 numbers were 74 Active Listings, 35 pending sales, and 13 closed sales.  Better sales activity this year.  Pending sales are the same as last year.  All with a higher inventory of available homes for sale.

Stuart Florida 34994 Residential Market Report April 2019

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

Search here for homes for sale in the 34994 zip code area of Stuart FL

Search here for vacant land for sale in the 34994 zip code area of Stuart FL

Stuart 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.

Stuart Florida 34994 Residential Real Estate Market Report April 2019

Villa del Sol May 2019 Market Report

05.14.19 by

Villa del Sol May 2019 Market Report

For May 2019 there are 4 condos for sale in Villa del Sol on Hutchinson Island in Jensen Beach FL.  The list prices range from $197,000 up to $455,000.  This is an average list price of $350,000 which equals $306.95 per sq. ft. of living area.

There is one condo under contract in Villa del Sol.  It was listed for $399,000 or $286.23 per sq. ft. of living area.  This condo was on the market for 89 days prior to going under contract.

In the past 12 months, only 1 condo has sold.  The sales price was $127,900 which works out to $229.63 per sq. ft. of living area.  This condo sold for 94% of list price and went under contract 353 days after being listed.

About the Villa Del Sol Condos on Hutchinson Island

Villa del Sol condos on Hutchinson Island in Jensen Beach

The Villa del Sol condominium on Hutchinson Island is the first set of condos north of the Jensen Beach Causeway in Saint Lucie County.  This complex was completed between 1970 and 1974 and includes 73 units of condos as well as townhouse style condos from 1 Bedroom, 1 Bath units of 540 sq. ft. of living area under AC up to 2 Bedroom, 2.5 Baths, 2 story units of 1,394 sq. ft.

Villa del Sol condos on Hutchinson Island in Jensen Beach

This is an oceanfront complex with a community pool, private beach access, and manager on site.  1 large pet is permitted and the rental policy allows rentals of 30 days or greater.  As of this writing, the condo fees are $455 per month.

Villa del Sol condos on Hutchinson Island in Jensen Beach

Great location only a short drive to downtown Jensen Beach as well as within walking distance of shops on Hutchinson Island.

Villa del Sol condos on Hutchinson Island in Jensen Beach

Click here for available Villa del Sol Condos for Sale

Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you may wish to consider:
Admiral – Atlantis – Claridge – Dune Walk – Empress – Island Club –  Island Crest – Island Dunes – Islandia – 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 May 2019 Market Report

Sewalls Point Single Family Market Report April 2019

05.13.19 by

Sewalls Point Single Family Market Report April 2019

Sewalls Point Real Estate Snapshot, Residential Sales for April 2019

There are currently 61 active listings (Down by 11 homes from last month)

Sewalls Point Single Family Market Report April 2019

17 home sales are pending and awaiting close or lender approval (Up by 1 home from March)

Sewalls Point Single Family Market Report April 2019

14 Homes sold in March (Increased by 7 homes from March)

Sewalls Point Single Family Market Report April 2019

The single-family real estate market in Sewalls Point had a strong month with increases in pending and closed sales.  The inventory has also dropped to be more in line with past historical levels.

The absorption rate dropped to 4.4 months, in March it was 10.3 months.  Dipping into a strong seller’s market for Sewalls Point FL for the first time in quite a while.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to April 2018, the inventory was 50 homes on the market, 12 pending sales and there were 10 closed sales.  Better activity this year for Sewalls point.

Sewalls Point Single Family Market Report April 2019

Currently available Sewalls Point homes for sale

Currently available Sewalls Point vacant land for sale

Sewalls Point 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.

Sewalls Point Single Family Market Report April 2019

 

Sunset Cove Condos May 2019 Market Report

05.13.19 by

Sunset Cove Condos May 2019 Market Report

For May 2019, there are two condos available for purchase in the Sunset Cove condos of North Stuart on the Saint Lucie River.  List prices are $369,500 and $372,000.  This is an average list price of $370,750 or $227.74 per sq. ft. of living area.

There is are no condos currently under contract.

In the past 12 months, only 1 Sunset Cove condo has sold.  Ther sales price was $325,000 which equals $207.01 per sq. ft. of living area.  The sales price was 96% of list price and was on the market for 43 days before going under contract.

About the Sunset Cove Condos

Sunset Cove Condos in Stuart FL

Sunset Cove is a beautiful condo complex north of the Roosevelt Bridge in Stuart FL and just south of the North River Shores area of Stuart.  This four-story elevator equipped condo building lies on the east side of the north fork of the Saint Lucie River with magnificent wide water views from all 32 condos.

Sunset Cove Condos in Stuart FL

This building was built in 1981 and has deep water dockage with easy ocean access as well as a pool, Jacuzzi and clubhouse.  Residents enjoy reserved covered parking spaces as well as ample guest parking.  Great location with just a short hop across the bridge to enjoy all the amenities of historic downtown Stuart.  Also, easy access to shopping, restaurants and the Treasure Coast Mall.

Sunset Cove Condos in Stuart FL

These are spacious 2 bedroom condos with either 1,570 sq. ft. or 1,690 sq. ft. of living space along with wide open balconies to enjoy (as the name implies) scenic sunsets over the wide river.

Sunset Cove Condos in Stuart FL

Sunset Cove has no age restrictions and also welcomes up to 1 small pet.  Rentals are also permitted with some restrictions.  The current condo association fees include building maintenance and insurance as well as common areas, exterior pest control, trash pickup, etc.  Those utilizing the docks have an additional charge of $1.75 per linear foot of their boats.

Sunset Cove Condos in Stuart FL

Click here to see if any Sunset Cove condos are available for sale

Sunset Cove Condos May 2019 Market Report

Oakbrooke Estates May 2019 Market Report

05.12.19 by

Oakbrooke Estates May 2019 Market Report

As of May 2019, there is 1 home for sale in the Oakbrooke Estates community of Palm City in Martin County Florida.  The list price is $439,900 which is $182.46 per sq. ft. of living area.

There are no homes currently under contract.

In the past 12 months, 4 Oakbrooke Estates homes have sold.  Sales prices ranged from $420,000 up to $535,000.  This works out to an average sales price of $481,250 or $148.36 per sq. ft. of living area.  These homes sold for an average of 97% of list price and went under contract in an average of 63 days after being listed.

About Oakbrooke Estates:

Oakbrooke Estates real estate in Palm City FL

Also known as Oakbrooke Estates Gardens.  Located on the north side of Martin Hwy (State Road 714) and just down the street from the Publix supermarket and close to other shopping areas as well as schools and Florida’s Turnpike.  This community was built between 2003 and 2005 and consists of 70 single family homes of various sizes ranging from 4 bedroom, 3 bathroom homes of 2,263 sq. ft. of living area up to 5 bedroom, 4 bathroom homes of 3,690 sq. ft. and all these homes come with 3 car garages.

Oakbrooke Estates in Palm City FL

Oakbrooke Estates real estate in Palm City FL

Many of the homes in Oakbrooke Estates have their own private pool as well as some homes with serene lake views on cul-de-sacs.  There is a community pool and clubhouse as well in this subdivision and a gated entrance for privacy and security.  The low HOA fees of $180 cover the common areas, security gate, trash pickup, and basic cable TV.

Oakbrooke Estates real estate in Palm City FL

Children who live in Oakbrooke Estates currently attend the Palm City Elementary, Hidden Oaks Middle and Martin County High Schools.

Oakbrooke Estates real estate in Palm City FL

A wonderful family-friendly community of newer palm City Homes.

Check here to see if any Oakbrooke estates homes are available for sale

Oakbrooke Estates May 2019 Market Report

St Lucie County Townhouses and Condos March 2019 Market Report

05.10.19 by

St Lucie County Townhouses and Condos March 2019 Market Report

The St Lucie County Townhouses and Condos March 2019 Market Report had a weaker month of sales when compared to last year.  Closed sales were down by 15.3% from last year (were down by 13.0% in February) while new pending sales were down by 14.7% for March (they were down by 4.1% in February).

Prices were up for the month.  The median price increased by 15.3% from last year (was down by 22.8% in February) while the average sales price increased by 10.1% (was down by 12.5% in February).

The inventory of available townhouses and condos decreased by 13 units from last month to 623 units, which is 8.3% greater than March 2018. The current inventory is 6.1 months, as compared to 5.6 months of inventory last year.  The St Lucie County townhouses and condos market remains in a balanced market. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.

St Lucie County Townhouses and Condos March 2019 Market Report

Click here to view or download the full report:
St Lucie County Townhouses and Condos March 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.

St Lucie County Townhouses and Condos March 2019 Market Report

Indian River Drive Real Estate May 2019 Market Report

05.10.19 by

Indian River Drive Real Estate May 2019 Market Report

There are 28 properties available for sale on and around the Indian River Drive area for May 2019.  These properties are listed for prices from $119,900 up to $2,600,000.  This is an average list price of $802,082 which works out to $252.32 per sq. ft. of living area.

There are 4 homes under contract.  These homes were listed from $350,000 up to $429,000.  This is an average list price of $395,975 or $225.79 per sq. ft. of living area.  These homes were on the market for an average of 124 days before going under contract.

In the past 12 months, 33 homes have sold.  Sale prices ranged from a low of $92,500 up to $725,000.  This equals an average sales price of 369,886 which works out to $179.52 per sq. ft. of living area.  These homes averaged 122 days on the market before going under contract and sold for an average of 95% of list price.

About Indian River Drive:

Discover the last vestiges of old Florida charm and the best values for wide waterfront homes and estate sized land in South Florida today!  Twelve miles of paradise on a two-lane country road along the Treasure Coast between the Island Life Of Jensen Beach and the Historic Town of Ft. Pierce.  Most of the homes on Indian River Drive will have the wide views of the Intracoastal (Indian River)  on the east side and the unspoiled beauty of the Savannahs Preserve State Park on the west side.

Indian River Drive Real Estate

The blue waters of the Atlantic Ocean are just minutes away.  The famous Hutchinson Island is viewed by all residents along this designated Florida Scenic Route.

Indian River Drive Real EstateIndian River Drive Real Estate

The early settlers of the Treasure Coast recognized the Tropical Beauty of this bit of paradise.  Long used as a transportation route for the pineapple plantation owners to ship their product to various ports-of-call. The Intracoastal has easy access to the Atlantic Ocean and is a safe haven for boaters.  World-class marine life is right at your doorstep and the fishing is some of the best in the world.

The high elevation along the drive adds drama and beauty to most homes along this scenic stretch of a two-lane road.

Search for Indian River Drive Homes for Sale

Search for Indian River Drive Vacant Land for Sale

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

Indian River Drive Real Estate May 2019 Market Report

St Lucie County Single Family Homes March 2019 Market Report

05.09.19 by

St Lucie County Single Family Homes March 2019 Market Report

St Lucie County Single Family Homes March 2019 Market Report had mixed sales activity when compared to last year. Closed sales were up by 1.6% (in February they were down by 7.8%) and new sales under contract (new pending sales) decreased by 9.7% (they were down by 4.6% last month).

Prices were also mixed for the month.  The median sales price was up by 4.3% (was up by 9.6% in February).  The average sales price was down by 1.4% (it was up by 6.4% in February).

The number of available home listings decreased by 67 homes to 2,104 homes.  This inventory is 27.6% higher than last year.  The current supply of homes is 4.6 months (it was 3.6 months last year).  The St Lucie County single family home market remains in a sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes March 2019 Market Report

Click here to view or download the full report:
St Lucie County Single Family Homes March 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.

St Lucie County Single Family Homes March 2019 Market Report

May 2019 Market Report for Ocean House in Indian River Plantation

05.09.19 by

May 2019 Market Report for Ocean House in Indian River Plantation

May 2019 Market Report for Ocean House Condos in Indian River Plantation, Hutchinson Island in Stuart, FL

For May 2019, there are 5 active listings on the market in Ocean House, with list prices ranging from $499,000 up to $899,000.  This is an average list price of $616,400 or $437.29 per square ft. of living area.

There are two condos currently under contract awaiting settlement.  List prices are $535,000 and $550,000.  This equals an average list price of $542,500 which works out to 396.30.  These condos were on the market for an average of 25 days before going under contract.

In the past 12 months, there were 6 condo sales in Ocean House.  Sales prices ranged from $440,000 up to $640,000.  This is an average sales price of $568,667 which equals $4424.38 per square foot of living area.  These condos sold for an average of 97% of list price and went under contract in an average of 71 days after being listed.

About Ocean House Condos in Indian River Plantation:

 Ocean House Condos in Indian River Plantation

One of the newest buildings in Indian River Plantation, Ocean House, is also the most magnificent.  Consisting of 79 Luxury Condo units of either 2 or 3 spacious bedrooms with amenities galore.  All suites have Ocean views, even the first-floor units, which are in actuality the equivalent of being on the third floor as there are two parking levels for residents to enjoy covered parking.

Ocean House Condos in Indian River Plantation

Ocean House has a newly renovated clubhouse area featuring an updated kitchen with granite countertops and stainless steel appliances.  Two flat screen televisions and free wi-fi for those that need connectivity.

Ocean House Condos in Indian River Plantation

A heated pool and lanai area that’s perfect for lounging close to the beach, or walk down your private access to enjoy the crystal blue waters of your private Atlantic ocean beach.

Ocean House Condos in Indian River PlantationBeachfront Condos in Indian River Plantation

Barbecue area with a Tiki Hut for those nights that you want to eat out under the stars.

The Marriott Resort at Indian River Plantation Features:

Riverwood Condos in Indian River Plantation

Indian River Plantation consists of numerous condominium associations and buildings.  All styles from Oceanfront to Riverfront and Golf and Tennis villas can be found here.  IRP is associated and co-located with the Marriott Resort and Marina.

Beachfront Condos in Indian River Plantation

Tucked away on Hutchinson Island, the Treasure Coast’s 16-mile lush barrier island is a unique resort that greets guests with the warmth of true Southern hospitality.

Indian River Plantation

The Hutchinson Island Marriott Beach Resort and Marina stretches across 200 acres of plantation landscape on Hutchinson Island, bordered on one side by the Atlantic Ocean and by the shimmering Indian River on the other side.

Plantation Club Villas in Indian River Plantation

A newly remodeled lobby with sweeping draperies, plantation-style wood furnishings, and tropical tones sets the stage for a magical golf getaway. This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.

Fairway Villas in Indian River Plantation

The Hutchinson Island Marriott offers guests and residents two tiki bars and their Signature Restaurant, the Baha Grille. Thirteen Novagrass tennis courts, miles of unspoiled beaches, water sports, deep sea fishing, and a full-service 77-slip marina anchored on the Indian River round out a perfect vacation of sun and fun.

Ocean House in Indian River Plantation

Resort amenities also include three heated pools with sundecks, game rentals from the Activities Hut, two outdoor spas and supervised activities for both children and teens.

Hutchinson Island Condos For Sale

Stuart, Florida Real Estate presented for your consideration by:
the Gabe Sanders real estate team

View Our Featured Listings!

May 2019 Market Report for Ocean House in Indian River Plantation

Martin County Townhouses and Condos March 2019 Market Report

05.08.19 by

Martin County Townhouses and Condos March 2019 Market Report

Martin County Townhouses and Condos March 2019 Market Report resulted in considerably weaker sales activity when compared to last year but better than last month.  Closed sales for the month were down by 19.9% (were down by 27.8% in February) while new sales under contract (new pending sales) were down by 1.5% from March 2018 (decreased by 24.6% in February).

Prices were mixed for the month.  The median sales price decreased by 1.1% (was up by 14.3% in February) while the average sales price increased by 2.3% (was up by 18.4% in February).

The inventory of available townhouses and condos decreased by 4 units to 451 properties as compared to last month.  This is 1.1% greater inventory then the March 2018 data.  Currently, there’s a 4.7 month supply of inventory (compared to 4.5 months for March 2018).  Remaining in a seller’s market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos March 2019 Market Report

Click here to view or download the full report:
Martin County Townhouses and Condos March 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.

Martin County Townhouses and Condos March 2019 Market Report

The Arbors in Hobe Sound May 2019 Market Report

05.05.19 by

The Arbors in Hobe Sound May 2019 Market Report

There are 3 homes available for sale in The Arbors as of May 2019.  List prices range from $405,000 up to $561,900.  This is an average list price of $496,967 or $223.26 per sq. ft. of living area.

There is 1 home currently under contract.  This home was listed for $495,000 which is $231.31 per sq. ft. of living area.  It was on the market for 8 days prior to going under contract.

In the past 12 months, 6 homes have sold in the Arbors.  Sales prices ranged from $437,500 up to $715,000.  This works out to an average sales price of $565,417 which equals $206.99 per sq. ft. of living area.  These sales averaged 96% of the listed price and were on the market for an average of 32 days prior to entering into an agreement for sale.

About the Arbors in Hobe Sound:

the Arbors in Hobe Sound

In northern Hobe Sound just west of Federal Highway and off of Seabranch Avenue is the exclusive 190 homes of the Arbors.  This exclusive gated community of upscale homes all border on lakes or preserve with generous lots and elbow room not found in many modern developments.  In addition to the two serene lakes, the Arbors also contains generous nature preserves to protect the indigenous hardwoods and pines as well as offering a home to native flora and fauna.  Residents of the Arbors enjoy seeing endangered scrub jays and gopher tortoises as well as pairs of sandhill cranes.   To enjoy the surrounding 100 acres of protected preserve areas, the Arbors has set up a walking trail through much of this land.  Great for a morning walk or excellent exercise for those that wish to go for a run or jog.

the Arbors in Hobe Sound

All this in a location that is just minutes from many championship golf courses, the beautiful beaches of the Atlantic Ocean and the marinas and waterways of Martin County.  Close to Martin County’s ‘A’ rated schools, shopping centers, medical facilities and all necessary urban services yet in a quiet peaceful setting.  The Arbors is less than an hour away from Palm Beach International Airport and just about equidistant from Miami and Orlando, both only two hours by car.

the Arbors in Hobe Sound

The Arbors is a wonderful place to call home.

Search for all Arbors Homes in Hobe Sound Real Estate

The Arbors in Hobe Sound May 2019 Market Report

Ocean Dunes Condos on Hutchinson Island May 2019 Market Report

05.04.19 by

Ocean Dunes Condos on Hutchinson Island May 2019 Market Report

As of May 2019, there were 2 condos for sale in Ocean Dunes on Hutchinson Island in Jensen Beach FL.  The list prices are $475,000 and $949,000.  This is an average list price of $712,000 or $372.63 per sq. ft. of living area.

There are no condos currently under contract.

In the past 12 months, 3 condos have sold.  Sales prices ranged from $270,000 up to $500,000.  This equals an average sales price of $356,667 which works out to $283.13 per sq. ft. of living area.  These condos were on the market for an average of 305 days before going under contract and sold for an average of 95% of the last list price.

About Ocean Dunes Condos in Jensen Beach FL:

Ocean Dunes Condos in Jensen Beach FL

Just north of the Jensen Beach Causeway is the very exclusive Ocean Dunes Condo Building.  This 8 story elevator building was built in 1982 and contains only 28 units.  No more than 4 condos per floor with the penthouse having two spacious double sized units of 2,502 sq. ft. under AC each.  The remaining condos are all 2 bedroom, 2 bath with the corner units having 1,298 sq. ft. of living area and the interior ones having 1,228.

Ocean Dunes Condos in Jensen Beach FL

There is ample parking as well as beach access, private pool and a tennis court.  One small pet is allowed as well as rentals are permitted with some restrictions.  The current condo fees are $530 per month as of December 2016.

Ocean Dunes Condos in Jensen Beach FL

There is shopping located across the street and it’s only a short drive to downtown Jensen Beach.

 Ocean Dunes Condo in Jensen Beach

Click here to search for available Ocean Dunes Condos for Sale

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

Ocean Dunes Condos on Hutchinson Island May 2019 Market Report

Florida Townhouses and Condos March 2019 Market Report

05.03.19 by

Florida Townhouses and Condos March 2019 Market Report

The Florida Townhouses and Condos Market Report for March 2019 had weaker sales activity when compared to last March.  Closed sales were down by 6.1% as compared to last month’s decrease of 5.7% and new sales under contract (new pending sales) increased by 1.0% (In February there was a 3.1% decrease).  These decreases are considerably less severe than last month.

Prices, however, continue to rise for March though at a much more reasonable pace than most of last year.  Median sales prices were up by 3.6% (was up by 4.7% in February), while the average sales price increased by 6.3% (was up 3.7% in February).

The inventory of active listings increased by 6.6% from March of last year.  We now have 6.3 months of inventory as compared to 6.0 months for March 2018.  Remaining in a balanced 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 March 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 March 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 March 2019 Market Report

Coral Lakes May 2019 Market Report

05.03.19 by

Coral Lakes May 2019 Market Report

For May 2019 there is only 1 home available for sale in Coral Lakes in Stuart FL.  This home is listed for $599,999 which is equal to $131.29 per sq. ft. of living area.

There is also 1 home currently under contract in Coral Lakes.  This home was listed for $465,000 or $186.82 per sq. ft. of living area and was on the market for 64 days before going under contract.

8 homes have sold in the past 12 months in Coral Lakes.  These homes sold for prices ranging from $335,000 up to $445,000.  This equals an average sales price of $388,000 which works out to $178.41 per sq. ft. of living area. These homes were on the market for an average of 113 days before going under contract and sold for 97% of the list price.

About Coral Lakes in Stuart FL:

Coral Lakes real estate in Stuart FL

The gated Stuart FL community of Coral Lakes is off Willoughby Blvd between Pomeroy Street and Salerno Road.  Communities like this are no longer being developed in most centrally located areas as all of the lots are a minimum of a ½ acre and a number are over an acre.

Coral Lakes in Stuart FL

There are just under 100 home sites in Coral Lakes with the first homes built in 1980 and the most recently completed one was in 2005.  Homes come in all sizes and shapes with different builders and range from just over 1,600 sq. ft. 2 bedrooms and 2 bathrooms homes up to over 4,500 sq. ft. homes with 5 bedrooms and 4 bathrooms and multi-car garages.

Coral Lakes in Stuart FL

Other than a storage lot for boats, RV’s and trailers there are no additional amenities in Coral Lakes and the low HOA fee of $450 per year covers maintenance of the common areas, gates, and management (as of March 2019).  Many homes have private pools in these spacious single family home sites as well as other much-desired amenities.

Coral Lakes in Stuart FL

The location makes it easy for residents of Coral Lakes to commute via I-95 to parts north or south of Martin County and yet still be close to shopping, restaurants, medical facilities, beaches and waterways, and the other great attractions that make Stuart FL so popular among families.

Coral Lakes real estate in Stuart FL Coral Lakes real estate in Stuart FL

Currently, children attend the Pinewood Elementary, Dr. David L. Andersen Middle, and Martin County High Schools.

Check here to see which Coral Lakes homes are available for sale.

Coral Lakes May 2019 Market Report

Florida Single Family Homes March 2019 Market Report

05.02.19 by

Florida Single Family Homes March 2019 Market Report

The Florida Single Family Homes Market Report for February 2019 showed little change in sales volume when compared to last year.  The closed sales were unchanged (were up by 1.9% in February) and new sales under contract (new pending sales) were up by 2.6% (were unchanged in February).

Prices were mixed for March.  The median sales price rose by 2.0% (it was up by 1.3% in February) and the average sales prices dropped by 1.4% (it was down by 0.4% last month).

The inventory of available homes for sale increased by 9.6% from last year.  This is a 4.2 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (March 2017 had a 3.9 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.  Inventory continues to decrease which is putting pressure on rising prices and lower sales volume.

Florida Single Family Homes March 2019 Market Report

Click here to view or download the full report:

Florida Single Family Homes March 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.

March 2019 Florida Single Family Homes Market Report

Poppleton Creek Condo Market Report for May 2019

05.02.19 by

Poppleton Creek Condo Market Report for May 2019

As of May 2019, there were no condos available for sale in the Poppleton Creek community of Stuart, FL.

There is 1 condo currently under contract. The list price was $128,900 or $147.31 per sq. ft. of living area.  This condo was on the market for 8 days prior to going under contract.

In the past 12 months, there have been 8 sales.  Sales prices ranged from $82,000 up to $150,000 for an average sales price of $106,250 which equals $108.70 per sq. ft. of living area.  These condos averaged 18 days on the market before going under contract and sold for an average of 97% of list price.

About the Poppleton Creek Condo Community in Stuart FL:

Poppleton Creek Condos in Stuart FL

Conveniently located just west of US-1 (Federal Highway) on Kanner Highway and close to downtown Stuart is the Poppleton Creek Condo Complex.

Poppleton Creek Condos in Stuart FL Poppleton Creek Condos in Stuart FL

 This community consists of two sections.  One is a more traditional type of condo building with units consisting of mostly 2 bedroom condos and a few 1 bedroom units built in 1974 with approximately 875 sq. ft. of living area.  There is also a newer section built in 1981 with 1,250 sq. ft. condos that are more like townhomes with 2 bedrooms and 2 bathrooms.

Poppleton Creek Condos in Stuart FL Poppleton Creek Condos in Stuart FL

The newer section, which was completed between the years of 1984 and 1985 is referred to as the Gardens at Poppleton Creek and consist of a more open plan that are all 1,164 sq. ft. of living area with 2 bedrooms and 2 bathrooms.

Poppleton Creek Condos in Stuart FL

Some units in both of the newer sections lookout at and are along the shores of Poppleton Creek which has ocean access through the Saint Lucie River.  There are docks available in Poppleton Creek that are only suitable for smaller boats as the waters are fairly shallow and one must travel under the Palm City Road bridge which only has limited clearance. There is also a place for kayak storage and launching.

Poppleton Creek Condos in Stuart FL

One medium sized pet is allowed (under 35 lbs.) and rentals are also allowed with restrictions.  There is ample parking but no commercial vehicles are allowed.  Units do have washer and dryer hookups for in-home laundry.

There are two community pools and unfortunately no sports courts at this time.  All ages are welcome and children currently attend the J.D. Parker Elementary School, Stuart Middle School, and the Jensen Beach High School.

Click here to see all the currently listed condos in Poppleton Creek (If any)

Poppleton Creek Condo Market Report for May 2019

Hobe Sound FL 33455 Condo Market Report March 2019

04.30.19 by

Hobe Sound FL 33455 Condo Market Report March 2019

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

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

There are currently only 4 active condo listings. (Up by 2 condos from February)

Hobe Sound FL 33455 Condo Market Report March 2019

1 Condo is pending and awaiting close. (Down by 1 condo from February)

Hobe Sound FL 33455 Condo Market Report March 2019

3 Condos sold in March. (Up by 2 condos from February)

Hobe Sound FL 33455 Condo Market Report March 2019

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  The inventory of available condos has once again reached very small levels and this will impact future condo market activity in Hobe Sound.  Yet, even with such little inventory, these condos are selling well.

The absorption rate for Hobe Sound condos was 0.33 months for March as compared to 2 months in February).  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 March 2018 numbers were: 9 active listings, 9 pending sales, and 2 closed sales.  Considerably better activity last year, along with a greater number of condos available for sale.

Hobe Sound FL 33455 Condo Market Report March 2019

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Hobe Sound Florida Real Estate presented by:
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Hobe Sound FL 33455 Condo Market Report March 2019