Hobe Sound FL 33455 Condo Market Report February 2019

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

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

There are currently only 2 active condo listings. (Up by 1 condo from January)

2 Condos are pending and awaiting close. (Down by 1 condo from January)

1 Condos sold in February. (Down by 3 condos from January)

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 2 months for February as compared to 0.3 months in January). 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 February 2018 numbers were: 10 active listings, 4 pending sales, and 1 closed sale. Considerably better activity last year, along with a greater number of condos available for sale.

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

Maritimes April 2019 Market Report

04.03.19 by Gabe Sanders

Maritimes April 2019 Market Report

As of April 2019, there is only 1 condo on the market in the Maritimes Condos and Townhomes on Hutchinson Island in Stuart FL. The list price is $525,000 or $339.81 per sq. ft. of living area.

There are two Maritimes condos or townhomes currently under contract. Their list prices were $375,000 and $420,000. This is an average list price of $397,500 which works out to $236.43 per sq. ft. of living area. These condos were on the market for an average of 102 days prior to going under contract.

There have been only 2 condos sold in the past 12 months in the Maritimes. The sales prices were $319,500 and $378,000. This is an average sales price of $348,750 which equals $227.78 per sq. ft. of living area. These condos sold for an average of 96% of the listed price and were on the market for an average of 404 days before going under contract.

About the Maritimes on Hutchinson Island

Maritime Condos and Townhomes on Hutchinson Island

Entrance to the Maritimes

Beach Access at the Maritimes

The Maritimes is one of the prime ocean to river communities on South Hutchinson Island in Stuart, FL. Offering larger than normal homes on both the river and Oceanside settings. The riverside (or Maritimes West has a lovely private sandy beach with kayak storage for those not wishing to play in the surf or for those days when it’s a bit windy on the beach side. The Oceanside (Maritimes East) has private beach access as well as a heated pool when you’re finished frolicking in the crystal clear waters of the Atlantic Ocean.

Docks of the Maritimes

Views from the Maritimes

The Maritimes condos were constructed between 1975 and 1988. With the oceanfront units being built first. Living square footage range from just under 1300 sq. ft. 2 Bedroom condos with over 2100 sq. ft .condos and townhouses with 3 Bedrooms plus dens and a garage.

Kayak Storage at the Maritimes

River views from the Maritimes

Tennis Court of the Maritimes

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Maritimes April 2019 Market Report

Hobe Sound FL 33455 Residential Market Report February 2019

04.02.19 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report February 2019

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for February 2019

For February 2019 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 256 active listings. (Up by 10 homes from January)

66 Residential sales are pending and awaiting close (Up by 3 homes from January)

39 Homes Sold in February (Up by 13 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 had a nice increase in closed sales after a weak January. Though the inventory is increasing and sales appear not to be keeping pace with them at this time.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 6.6 months (It was 9.5 months in January). Returning into a balanced market for Hobe Sound residential real estate after one month as a buyer’s market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for February 2018 were: 207 active listings, 80 pending sales, and 41 closed sales. Slightly better sales activity last year, but also with a reduced number of homes for sale as compared to now. With, that considered much better activity last year.

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Hobe Sound FL 33455 Residential Market Report February 2019

Sewalls Landing April 2019 Market Report

04.02.19 by Gabe Sanders

Sewalls Landing April 2019 Market Report

For April 2019, there are 2 homes available for sale in Sewalls Landing, List prices are $735,000 and $750,000 for an average list price of $742,500 or $191.74 per sq. ft. of living area.

There are no homes currently under contract in Sewalls Landing.

In the past 12 months, 3 Sewalls Landing homes have sold. Sales prices ranged from a low of $640,000 up to $1,150,000 for an average sales price of $813,300 which equals $230.14 per sq. ft. of living area. These sales averaged 94% of list price and the homes averaged going under contract after being on the market for 212 days.

About Sewalls Landing:

Sewalls Landing

Sewalls Landing is located at the northern tip of Sewalls Point, FL in Martin County. Officially it is in Jensen Beach, but many residents of Sewalls landing consider themselves part of Sewalls Point. Just across the street from the Dolphin Bar and Grill and within walking distance of marinas, boat ramps, Indian Riverside Park and much, much more.

This gated community consists of 51 home-sites (including 3 lots that are still vacant). Homes in Sewalls Landing were built from 1992 to 2008 and are situated on generously sized lots from just under a ½ acre to over ¾ of an acre. Home sizes range from 2,000 to over 5,000 square feet of living areas. Many homes feature 3 car garages. Residents enjoy low HOA fees of $110 per month.

Children attend Felix Williams Elementary, Stuart Middle and Jensen Beach High Schools. Easy access to the beaches as it’s just about equidistant from both the Stuart and Jensen Beach Causeways. Close to shopping and medical facilities as well. This is a much sought after community in Martin County, FL.

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Sewalls Landing April 2019 Market Report

Stuart FL 34997 Condo Market Report February 2019

04.01.19 by Gabe Sanders

Stuart FL 34997 Condo Market Report February 2019

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2019

For February 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 65 active condo listings (Up by 5 condos from January).

Stuart FL 34997 Condo Market Report February 2019

17 Condo sales are pending and awaiting close (Down by 2 condos from January).

Stuart FL 34997 Condo Market Report February 2019

10 Condos Sold in February (Up by 5 condos from January).

Stuart FL 34997 Condo Market Report February 2019

The Stuart FL condo market for zip code 34997 rebounded from very weak sales activity last month. Pending sales were off slightly and the inventory continues to rise.

The absorption rate rose to 6.5 months in February compared to 12 months for January. Transitioning into a balanced market after an unusual month as a buyer’s market for condos in the 34997 zip code of Stuart FL. A 6 to 7-month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The February 2018 numbers were: 54 active listings, 32 pending sales, and 17 closed sales. There was much stronger activity last year with a smaller number of condos for sale.

Search for All Stuart FL Condos Here

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Stuart FL 34997 Condo Market Report February 2019

Southwood Real Estate Market Report March 2019

03.31.19 by Gabe Sanders

Southwood Real Estate Market Report March 2019

For March 2019 there is only one home for sale in the Southwood community of Stuart, FL. The list price is $389,000 or $209.93 per sq. ft. of living area.

There are no homes currently under contract.

In the past 12 months, 3 homes have sold in the Southwood subdivision of Stuart. The sales prices ranged from $389,000 up to $445,000. This is an average sales price of $422,000 which works out to $196.43 per sq. ft. of living area. These homes went under contract in an average of 29 days. These homes sold for an average of 99% of the last list price.

About Southwood in Stuart, FL:

Southwood is a small community of 115 home sites located just southeast of Salerno Rd on Kanner Highway in Stuart FL. This location makes it easy for anyone wishing to commute either north or south as it’s only a few minutes to I-95. It is also close to the Publix shopping center at the intersection of Kanner Highway and Salerno Rd. Just minutes to Martin Memorial South Hospital. Only about 10 to 15 minutes to downtown Stuart and just slightly longer to the beaches and waterways of Martin County.

Children in Southwood attend Pinewood Elementary, David L. Anderson Middle and Martin County High Schools. All great schools. Click on the above links for more information about each school.

One enters the Southwood subdivision through a long private drive. Currently, this community is not gated, yet offers the utmost in privacy and safety. The homes were built from 1990 to 2001 and are all individual styles from various builders. This is not a cookie cutter community. Home sizes range from 3 bedroom, 2 bathroom homes with 2 car garages of just under 1,700 square feet of living area of to 4 bedroom, 3 bathroom homes of just under 3,000 sq. ft.

There are a number of ponds and creeks throughout Southwood. And, this community is mostly surrounded by either preserve lands or acreage. There is no community pool or clubhouse so the HOA fees are a very reasonable $98.00 a month as of this writing and include trash and basic cable TV. Though there are some magnificent nature trails through the preserve areas.

Southwood is a gem of a neighborhood and is little known to many Martin County residents. There is very low turnover in this community. If you’re interested let us know and we can put you on a listing alert notification for this community.

Click here to see if any Southwood Homes are currently available

Southwood Real Estate Market Report March 2019

Oak Ridge Real Estate Market Report March 2019

03.30.19 by Gabe Sanders

Oak Ridge Real Estate Market Report March 2019

There are currently 7 homes available for sale in Oak Ridge in Palm City, FL. The list prices range from $339,000 up to $813,990. The average list price is $451,856 which equals $194.44 per sq. ft. of living area.

There are no homes under contract and awaiting settlement at this time.

10 homes have sold in Oak Ridge in the past 12 months. Sale prices ranged from $320,000 up to $700,000. The average sold price was $424,750 which equals $189.34 per sq. ft. of living area. These homes went under contract in an average of 53 days and sold for 97% of list price.

About Oak Ridge in Palm City FL:

Located in a quiet tranquil corner of Palm City Florida, the Oak Ridge community of 224 homes is conveniently located close to top-rated schools, shopping, I-95 and Florida’s Turnpike, golf courses, cultural activities, parks, and beaches. Linked with tree-lined streets and cul-de-sacs, homes are located on preserves or waterfront on lakes or ocean access canals. Enhanced private homesites within a traditional community setting. The gated neighborhood of Oak Ridge offers a 2000 sq. ft. clubhouse, pool, two lighted tennis courts and a deep water ocean access boat ramp. Each house is ideally situated on a lake or preserve property.

There is a mandatory Home Owners Association with reasonable quarterly dues which cover Basic Cable TV, Landscaping and Maintenance of all Common Areas, Gate Maintenance, Property Manager & Reserve Funds.

Residents of Oak Ridge are in the Martin County School system and currently, the assigned schools are Bessey Creek Elementary, Hidden Oaks Middle and Martin County High School.

Only minutes to Pendarvis Cove Park on the shores of the Saint Lucie River. Additional boat ramp and trailer parking and home of the sailing club.

Other close by amenities include lots of great shopping, easy access to Florida’s Turnpike and I-95. Only 15 minutes to the shores of the Atlantic Ocean. Give us a call if you’d like additional information about this wonderful Palm City community.

Currently available homes for sale in Oak Ridge and the Estates of Oak Ridge

Oak Ridge Real Estate Market Report March 2019

Stuart FL 34997 Residential Market Report February 2019

03.29.19 by Gabe Sanders

Stuart FL 34997 Residential Market Report February 2019

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for February 2019

For February 2019 in the 34997 Zip Code area of Stuart, Florida:

There are currently 361 active listings (Increased by 13 homes from January).

166 Residential sales are pending and awaiting close or lender approval (Up by 8 homes from January).

77 Homes Sold in February (Increased by 25 homes from January)

The Stuart Florida Residential Market for ZIP Code 34997 regained its momentum of closed sales after a weak January. Though, pending sales, while strong may not be enough to keep up with the increases in inventory.

The absorption rate rose to 4.7 months (was 6.7 months for January). Back into a seller’s market for the 34997 zip code area of Stuart for February 2019 after one month of a balanced market. Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.

The 2018 numbers for February, were: 307 active listings, 155 pending listings, and 65 closed sales. A greater number of closed sales this year when compared to last year. Pending sales were not quite as strong as last year and there is a considerably larger inventory of available homes for sale.

Stuart FL 34997 Residential Market Report February 2019

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Stuart FL 34997 Residential Market Report February 2019

Lighthouse Point and Seagate Harbor Real Estate Market Report March 2019

03.29.19 by Gabe Sanders

Lighthouse Point and Seagate Harbor Real Estate Market Report March 2019

There are currently 8 homes on the market in Lighthouse Point and Seagate Harbor in Palm City, FL. Listing prices are from a low of $598,900 to a high of $1,350,000. This is an average listing price of $820,988 which equals $351.40 per square foot of living area.

There are 2 homes currently under contract. The list prices were $459,000 and $849,000. This equals an average list price of $654,000 or $312.67 per square foot of living area. These homes were on the market for an average of 50 days before going under contract.

20 homes have sold in Lighthouse Point and Seagate Harbor in the past 12 months. Sale prices ranged from $385,000 up to $860,000. This works out to an average sales price of $567,700 which equals $311.93 per square foot of living area. These homes sold on average in 75 days and at 97% of list price.

About Lighthouse Point and Seagate Harbor in Palm City FL:

A boater’s and sailor’s Delight in an affordable waterfront niche community with deep water dockage! Nature and families are the focus in this desirable community characterized by beautiful homes, parks, nearby golf, restaurants, shopping, and A Rated schools!

Almost every home has waterfront dockage available in an intricate network of deep water canals. Some select homes with wide views of the Saint Lucie River. A community boat ramp is also available. Everything a boater would want!

The homeowner’s association is very reasonable at only $50 and $75 per year, most of which goes towards a number of great community get togethers throughout the year. These two neighboring communities are in the ‘A’ rated Martin County school system with local children currently zoned for Bessey Creek Elementary, Hidden Oaks Middle and Martin County High Schools.

There are no fixed bridges to the open Ocean (Only high span 60’ +). The canals are maintained and dredged to a 6’ depth. In recent years sewer and city water have been brought to these communities which have resulted in the transformation starting to take place in this waterfront neighborhood as homes are being torn down or renovated to larger and more state of the art structures.

Those looking for affordable waterfront in the Martin County area may want to act sooner than later as current prices have been rising rapidly.

Search for available homes in Lighthouse Point and Seagate Harbor

Lighthouse Point and Seagate Harbor September 2016 Market Report

Jensen Beach FL 34957 Condo Market Report February 2019

03.28.19 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report February 2019

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for February 2019

For February 2019 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County):

There are currently 122 active listings. (Increased by 2 condos from January)

36 Condo sales are pending and awaiting settlement. (Up by 11 condos from January)

13 Condos Sold (Down by 5 condos from January)

The Jensen Beach FL 34957 Condo Market Report continues to have an increase of available condos for sale. Closed sales were down for February but pending sales increased. Hopefully, this will result in stronger sales volume in the coming months.

The one-month absorption rate for the February 2019, Jensen Beach Florida Market Report ZIP Code 34957 rose to 9.4 months (from 6.7 months in January), back into a buyer’s market after one month in a balanced market. A balanced market is considered to be a 6 to 7-month absorption rate favoring neither the buyer or seller.

The February 2018 numbers were: 112 active listings, 46 pending sales, and 30 condos closed. The sales and pending sales volume were stronger last year. Inventory is up this year as well.

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Jensen Beach Florida Real Estate presented by:
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Jensen Beach FL 34957 Condo Market Report February 2019

Governors Landing March 2019 Market Report

03.28.19 by Gabe Sanders

Governors Landing March 2019 Market Report

There is currently 1 home on the market in Governors Landing for March 2019. The list price is $500,000 or $233.61 per sq. ft. of living area.

There are no homes currently under contract.

In the past 12 months, only 1 Governors Landing home has sold. The sales price was $458,000 or $179.05 per sq. ft. of living area. This home sold for 97% of list price and was on the market for 10 days prior to going under contract.

About Governors Landing in Hobe Sound FL

Governors landing in Hobe Sound FL

Governors Landing is a prestigious gated community in Hobe Sound just south of Jimmy Graham and Peck Lake Parks and west of the Intracoastal Waterway facing Jupiter Island and the Atlantic Ocean to the East. Very conveniently located about equidistant from the City of Jupiter to the South and the City of Stuart to the North. Both of which can be reached in under 15 minutes by car.

Governors landing in Hobe Sound FL

Governors Landing has both canal homes with ocean access docks as well as lake front homes, many with docks in the community marina. There is also a boat ramp available for residents as is a boat storage area.

Governors landing in Hobe Sound FL

Homes were built between 1988 and 2006 in Governors Landing and as of this writing in September 2015 there are 4 vacant lots which have yet to be built upon. Existing lot sizes range from just over 1/6^th to just under ½ acres. And, homes range from 3 bedroom, 2 bathroom, 2 car garage with around 2,400 sq. ft. of air conditioned living area up to 5 bedroom, 5 bathroom, 3 car garage homes with 5,000 sq. ft. of living area.

Governors Landing of Hobe Sound FL

The HOA fee is $144.00 per month and includes the maintenance and upkeep of the security gate, common areas as well as the community docks and ramps as well as basic cable TV service.

Governors Landing of Hobe Sound FL

Children in Governors Landing attend these schools: Hobe Sound Elementary School, Murray Middle School and South Fork High School.

For those looking for luxury ocean access homes with convenient access to good schools, medical facilities and shopping, Governors Landing may just be the perfect place to call home.

Search here for Governors Landing homes for sale.

Governors Landing March 2019 Market Report

Jensen Beach FL 34957 Residential Market Report February 2019

03.27.19 by Gabe Sanders

Jensen Beach FL 34957 Residential Market Report February 2019

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for February 2019

For February 2019 in the 34957 Zip Code area of Jensen Beach, Florida:

There are currently 251 active listings. (Up by 30 home from last month)

55 Residential sales are pending and awaiting close or lender approval. (Increased by 1 home from January)

29 Homes Sold (Decreased by 3 homes from January)

The Jensen Beach FL 34957 Residential Market has shown increasing inventory and increasing sales, though the pace of sales is not keeping up with the increasing number of homes for sale.

The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 rose to 8.7 months ( was 8.5 months in January). Remaining in a buyer’s market for Jensen Beach homes. A 6 to 7-month absorption rate is considered to be a balanced market favoring neither the seller or buyer.

The February 2018 numbers were: 193 active listings, 74 pending sales, and 40 home sales closed. Much better sales activity last year. Inventory has grown appreciably and sales are not keeping up.

Jensen Beach FL 34957 Residential Market Report February 2019

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Residential Properties

- - Residential Properties for Sale in Jensen-Beach, Florida Between $0 – $500,000
- - Residential Properties for Sale in Jensen-Beach, Florida Between $500,000 – $1,000,000
- - Residential Properties for Sale in Jensen-Beach, Florida Between $1,000,000 – $1,500,000
- Residential Properties for Sale in Jensen-Beach, Florida Between $2,000,000 – $2,500,000

Land Properties

- - Land Properties for Sale in Jensen-Beach, Florida Between $0 – $500,000
- - Land Properties for Sale in Jensen-Beach, Florida Between $500,000 – $1,000,000
- Land Properties for Sale in Jensen-Beach, Florida Between $1,000,000 – $1,500,000

Rental Properties

- Rental Properties for Rent in Jensen-Beach, Florida Between $0 – $500,000

Commercial Properties

- Commercial Properties for Sale in Jensen-Beach, Florida Between $0 – $500,000

Residential Income Properties

Residential Income Properties for Sale in Jensen-Beach, Florida Between $0 – $500,000

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

Jensen Beach FL 34957 Residential Market Report February 2019

South Fork Estates Real Estate Market Report for March 2019

03.27.19 by Gabe Sanders

South Fork Estates Real Estate Market Report for March 2019

There are currently 2 homes for sale in South Fork Estates in Stuart FL. The listing prices are $375,000 and $564,900 for an average list price of $469,950 which equates to $186.00 per sq. ft. of living area.

There is one home under contract at this time in South Fork Estates. The list price was $389,000 or $213.15 per sq. ft. of living area. This home went under contract 122 days after coming on the market.

In the past 12 months, there have been 4 sales in South Fork Estates. These homes had sales prices from $380,000 up to $456,500. This works out to an average sales price of $410,375 which is $195.82 per square foot of living area. These homes averaged 87 days on the market before going under contract and sold for an average of 97% of the list price.

About South Fork Estates in Stuart FL:

A unique private community in Stuart, Florida built before the land was so expensive that homes had to be placed on top of each other. All homes in South Fork Estates are on 1/2 acre or larger lots, many with serene views of two large lakes located within this community. Those homes not on the lakes have private preserve views of the Atlantic Ridge.There are 114 homes in South Fork Estates. Homes were built from 1992 through as late as 2011. The majority of the homes were built between 1998 through 2005. Most homes are either 3 or 4 bedrooms with 2 and 3 car garages, ranging in size from around 2,000 sq. ft. of living area to over 3,500. There are still a few residential lots that are vacant awaiting a home.

This is a close-knit community with a playground as well as a boat and RV storage area. Low Homeowners’ association fees of under $50 per month at the time of this writing.

Children living in South Fork Estates attend Crystal Lake Elementary, David L Anderson Middle, and South Fork High Schools.

Located just off Cove Rd. and Kanner Highways, this community is just minutes from I-95 for commuters. Shopping and medical facilities are also close by. And, there are numerous choices for boating access also only a short ride away.

One of the hidden gems of the Stuart area, South Fork Estates id a great community to call home.

Here are the currently available homes for sale in South Fork Estates

South Fork Estates Market Report for March 2019

Stuart FL 34996 Condo Market Report February 2019

03.26.19 by Gabe Sanders

Stuart FL 34996 Condo Market Report February 2019

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for February 2019

For February 2019 in the 34996 Zip Code area of Stuart, Florida :

There are currently 138 active condo listings (Up by 16 condos from last month).

51 Condo sales are pending and awaiting close or lender approval (Up by 13 condos from January).

16 Condos Sold in February (Down by 1 condo from January)

The Stuart FL 34996 Condo Market of Stuart showed a nice increase in pending sales but a slight decrease in closed sales when compared to January.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 8.6 months from January’s 7.2 months. Remaining in a slight buyer’s market for this segment of Martin County condos. A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for February 2018 were: 141 active listings, 55 pending sales, and 29 closed sales. Slightly better activity last year.

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Gabe Sanders

Stuart FL 34996 Condo Market Report February 2019

Stuart FL 34996 Residential Market Report February 2019

03.25.19 by Gabe Sanders

Stuart FL 34996 Residential Market Report February 2019

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for February 2019

For February 2019 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 171 active listings (Decreased by 3 homes from January).

39 Residential sales are pending and awaiting close (Down by 4 homes from January).

21 Homes Sold in February (Up by 11 homes from January).

The 34996 zip code area of the Stuart Florida had a nice jump in closed sales. Unfortunately, both pending sales and inventory dropped from last month.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for February rose to 8.1 months as compared to October’s 17.4 months. Still a buyer’s market for the 34996 zip code area of Stuart FL but driting towards a balanced market. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for February 2018 were: 130 active listings, 56 pending sales, and 14 closed sales. There is increased sales volume this year but also less pending activity and a greater inventory of homes for sale.

Stuart FL 34996 Residential Market Report February 2019

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Search here for real estate in the 34996 Zip Code of Stuart FL

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Stuart FL 34996 Residential Market Report February 2019

Tesoro Club March 2019 Real Estate Market Report

03.23.19 by Gabe Sanders

Tesoro Club March 2019 Real Estate Market Report

There are currently 18 homes available to purchase in the Tesoro Club in Port St Lucie FL. List prices range from $329,000 up to $1,525,000 for an average list price of $709,000 or $186.88 per sq. ft. of living area.

There are 4 homes currently under contract in the Tesoro Club. List prices were from $550,000 up to $725,000. This is an average list price of $667,250 which works out to $169.06 per sq. ft. of living area. These homes were on the market for an average of 118 days before going under contract.

In the past 12 months, there have been 13 sales in the Tesoro Club. Sales prices ranged from a low of $220,000 up to $1,400,000. This works out to an average sales price of $634,170 which equals $165.88 per sq. ft. pf living area. These homes sold at an average of 91% of list price and were on the market for an average 136 days prior to going under contract.

About Tesoro in Port St. Lucie FL:

One of the premier country clubs on Florida’s Treasure Coast, Tesoro lies on 1,400 acres. The Tesoro Club is home to two par-72 golf courses one is an Arnold Palmer signature course while the other is a Tom Watson signature course. The Tesoro Club is an official PGA Tour host.

The centerpiece of the Tesoro club is a 100,000 plus square foot three story clubhouse overlooking a 120 acre lake. This full service clubhouse is magnificent and offers impeccable services for all the members of the Tesoro Club.

In addition to the world class golf, the Tesoro Club is also host to its very own swim and racquet club. The racquet club consists of 10 Har-Tru tennis courts plus one exhibition stadium court and two croquet courts. There’s a full time ATP Tennis Director offering lessons, clinics and a full service pro shop. Spacious men’s and women’s locker rooms make this a wonderful facility. And after that hard match cool off in the pool or soak your sore muscles in the Jacuzzi.

For those needing more pampering, there’s a full service spa and salon on premises. And, if you don’t feel like cooking the dining room at the Tesoro club has a menu that is sure to please.

Homes in Tesoro run the gamut from huge estate homes of 7,000 sq. ft. of living area with 5 and 6 bedrooms and 6 bathrooms on large ½ acre lots, down to more modest 3 bedroom, 2 bathroom homes with around 2,000 square feet of living area along with 2 car garages lying on smaller under one quarter acre lots.

At this time there are numerous opportunities for new custom homes built to your specifications or a good number of available re-sale homes. Golf Club membership is not mandatory in certain sections of Tesoro so HOA fees vary considerably from area to area. For non-membership lots it starts around $580 a month and includes lawn, landscaping, 24 hour monitored security, basic cable TV, management and exterior pest control.

Here are some of the currently available homes in Tesoro

Please call us at 772-323-6996 or email us for the complete and up to date list.

Tesoro Club March 2019 Real Estate Market Report

Palm City FL 34990 Condo Market Report February 2019

03.22.19 by Gabe Sanders

Palm City FL 34990 Condo Market Report February 2019

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for February 2019

For February 2019 in the 34990 Zip Code area of Palm City, Florida :

There are currently 90 active condo listings. (Decreased by 14 condos from January)

19 Condo sales are pending and awaiting close or lender approval. (Up by 12 condos from last month)

4 Condos Sold in February. (Unchanged from January)

The Palm City FL 34990 condo real estate market remains a fairly small segment of the Martin County condo market. The sales activity in this market is challenging because of two condo communities with high equity and association fees that are currently not in favor with the general public. Though, those who love golf, there are some incredible bargains in these communities.

The current absorption rate for condos in the 34990 zip is 22.5 months (was 26 months in January). An extreme buyer’s market for Palm City condominiums. A balanced market is considered to be an absorption rate of around 6 to 7 months.

The February 2018 numbers were: 103 active listings, 10 pending sales, and 4 closed sales. The same number of sales while a big increase in pending sale for this year on a reduced inventory.

Palm City FL 34990 Condo Market Report February 2019

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Stuart Florida Real Estate presented by:
Gabe Sanders

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report February 2019

Palm City FL 34990 Residential Market Report February 2019

03.21.19 by Gabe Sanders

Palm City FL 34990 Residential Market Report February 2019

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for February 2019

For February 2019 in the 34990 Zip Code area of Palm City Florida :

There are currently 402 active listings (Up by 11 homes from January)

147 Residential sales are pending (Up by 26 homes from last month)

52 Homes Sold in September (Ip by 5 homes from January)

The Palm City FL, zip code 34990 residential real estate market showed strong results for February with solid increases in both pending and closed sales.

The monthly absorption rate decreased to 7.7 months from 8.3 months in January. Remaining in a buyer’s market for the Palm City zip code 34990 area for residential sales but drifting towards a balanced market. A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The February 2018 numbers were: 415 active listings, 144 pending sales, and 55 closed sales. Very similar activity and inventory as last year.

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Click on this link and fill out the form for an accurate personal evaluation