Florida Single Family Homes December 2018 Market Report

01.29.19 by

Florida Single Family Homes December 2018 Market Report

The Florida Single Family Homes Market Report for December 2018 had weaker sales activity when compared to last year.  The closed sales result was down by 9.9% (was up by 3.0% in November) and new sales under contract (new pending sales) was down by 9.0% (was down by 8.0% in November).

Prices, though, continue to rise for December.  The median and average sales prices up by 4.2% and 3.3% respectively, compared to November’s 6.3% and 5.4%.

The inventory of available homes for sale increased by 13.3% from last year.  This is now a 4.0 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (December of 2017 had a 3.6 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 December 2018 Market Report

Click here to view or download the full report:

Florida Single Family Homes December 2018 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.

December 2018 Florida Single Family Homes Market Report

Rio Vista in Sewalls Point January 2019 Market Report

01.29.19 by

Rio Vista in Sewalls Point January 2019 Market Report

As of January 2019, there are 2 Rio Vista homes for sale in Sewalls Point.  List prices are $619,500 and  $1,295,000.  Yhis is an average list price of $957,250 or $371.00 per sq. ft. of living area.

There are no Rio Vista subdivision homes under contract.

In the past 12 months, 5 Rio Vista homes have sold.  Sales prices ranged from $365,000 up to $1,550,000.  This works out to an average sales price of $691,780 which equals $270.80 per square foot of living area.  These homes averaged 140 days on market before going under contract and sold for 96% of list price.

About Rio Vista in Sewalls Point:

Rio Vista in Sewalls Point

The Rio Vista subdivision of South Sewalls Point spans the mid portion of the South Sewalls Point peninsula from the Indian to the Saint Lucie River.  Starting out at a low elevation on the east up to the higher bluffs of the Saint Lucie River with waterfront homes on both sides and non-waterfront homes in between.  Rio Vista includes those 106 homes and lots that are located on Rio Vista Dr, Lantana Lane, S. Sewalls Point Rd and S River Rd.

Rio Vista in Sewalls Point Rio Vista in Sewalls Point

Homes in Rio Vista were built from 1975 to some newer construction with one just being finished in 2015.  Home sizes range from a low of around 1,500 sq. ft. with either 2 or 3 bedrooms and 2 baths all the way to a 15,000 sq. ft. mansion with 8 bedrooms and 15 bathrooms.

Rio Vista in Sewalls Point Rio Vista in Sewalls Point

The Rio Vista subdivision is part of the town of Sewalls Point and there are no specific amenities or fees that are unique to this portion of Sewalls Point.  The Rio Vista portion of Sewalls Point is a very desirable area in Martin County and remains in great demand for its location, amenities and life style possibilities.

There are no HOA fees in the Rio Vista neighborhood of Sewalls Point as it is within the town city limits.

Click here to search for any Rio Vista homes for Sale in Sewalls Point

Click here for all Sewalls Point homes for Sale

Rio Vista in Sewalls Point January 2019 Market Report

Hobe Sound FL 33455 Condo Market Report December 2018

01.28.19 by

Hobe Sound FL 33455 Condo Market Report December 2018

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for December 2018

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

There is currently only 1 active condo listing. (Decreased by 1 condo from November)

Hobe Sound FL 33455 Condo Market Report December 2018

4 Condos are pending and awaiting close. (Down by 4 condos from November)

Hobe Sound FL 33455 Condo Market Report December 2018

5 Condos sold in December. (Up by 2 condo from November)

 Hobe Sound FL 33455 Condo Market Report December 2018

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 moving off the market quite fast.

The absorption rate for Hobe Sound condos was 0.2 months for December as compared to 0.7months in November).  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 December 2017 numbers were: 10 active listings, 5 pending sales, and 4 closed sales.  Similar sales activity when compared to last year but with hardly any inventory of condos for sale.

Hobe Sound FL 33455 Condo Market Report December 2018

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Hobe Sound FL 33455 Condo Market Report December 2018

Schooner Oaks January 2019 Real Estate Market Report

01.28.19 by

Schooner Oaks January 2019 Real Estate Market Report

For January 2019 there are 3 homes for sale in Schooner Oaks in Stuart, FL.  These condos are listed for sale with prices from $259,900 up to $269,900.  This is an average list price of $264,933 or $136.53 per sq. ft. of living area.

There are no homes currently under contract.

In the past 12 months, 6 Schooner Oaks homes have sold.  The sales prices ranged from $200,000 up to $286,000.  This works out to an average sales price of $245,417 which equals $135.92 per sq. ft. of living area. These homes went under contract in an average of 53 days and sold for 93% of list price.

About Schooner Oaks in Rocky Point:

The Schooner Oaks community of Rocky Point in Stuart FL is a townhouse style complex under condo association rules.  There are 86 units of varying sizes that were built from 1985 till 1997.

Schooner Oaks in Rocky Point

These townhouses vary from the largest one with 4 bedrooms and 4 bathrooms and 2,140 sq. ft. of living area down to 2 bedroom, 2 bath condos with around 1,400 sq. ft. of living area.  Most units come with an attached single car garage.

Schooner Oaks in Rocky Point

Residents enjoy the use of a clubhouse with billiards, fitness room, heated pool, spa and tennis courts.  There’s a waterfront gazebo with a day dock and fishing pier off the Intracoastal Waterway with views toward the Saint Lucie Inlet of the Atlantic Ocean.

Schooner Oaks in Rocky Point

 This is a pet friendly community allowing for up to two large pets.   Rentals are also allowed and there are some vehicle restrictions. The current HOA fees are $570 per month.  These fees cover Assessment Fee, Cable, Common Areas, Fire/Liability Insur, Grounds / Plants, Insurance-Bldg, Insurance-Other, Janitor, Lawn Care, Legal/Accounting, Maintenance – Repair, Maintenance Exterior, Management Fees, Manager, Pest Control, Pool Service, Reserve Funds, Roof Maintenance and Trash Removal.

Schooner Oaks in Rocky Point

Search here for any available Schooner Oaks Condos for sale

Schooner Oaks January 2019 Real Estate Market Report

 

Rocky Point January 2019 Market Report

01.27.19 by

Rocky Point January 2019 Market Report

Here is your Rocky Point January 2019 market Report in Stuart Florida:

There are currently 33 active listings in the Rocky Point area of Stuart FL which include both condos and homes.  List prices range from a low of $124,500 up to $2,650,000.  This is an average list price of $511,836 or $223.92 per square foot of living area.

7 homes and condos are under contract (pending sales) and awaiting closing.    List prices ranged from $120,000 up to $465,000.  This equals an average list price of $291,400 which is $185.92 per square foot of living area.  These properties averaged 36 days on the market before accepting a contract.

In the past 12 months, 130 properties have sold in Rocky Point with sales prices ranging from $63,999 up to $2,500,000.  This works out to an average sales price of $317,473 which equals $167.67 per square foot of living area.  The average days on market was 68 with a 95% list to sales price ratio.

Rocky Point Homes for Sale in Stuart, Florida

 Rocky Point Real Estate in Stuart Florida

Rocky Point in Stuart, FL is a wonderful boating oriented community located just off the Saint Lucie Inlet in beautiful Martin County Florida.  Originally a fishing village because of its proximity to the Atlantic Ocean; Rocky Point is now a wonderful family community with a variety of different neighborhoods.  Most of Rocky Point is still oriented towards fisherman and boaters with many of the neighborhoods having access to docks, marinas and/or boat ramps.  Some neighborhoods have deeded dock rights as well as privately owned ramps and launch facilities.  There is also a selection of some luxury waterfront homes with private docks located only a short few minutes cruise to the open Ocean via the Saint Lucie Inlet and within a day’s round trip to the Bahamas.

 Rocky Point real estate

Bordering Rocky Point to the north and west is the Manatee Pocket.  Home of the original Stuart Sailfish fleet (Stuart continues to proudly boast that it’s the ‘Sailfish Capital of the World’).  Now home to a number of Marinas, Charter fleets and the famous Chapman School of Seamanship as well as quite a few excellent restaurants serving the freshest seafood arriving from the Ocean straight to the kitchens daily.

 Rocky Point Real Estate in Stuart Florida

All this in wonderful family friendly neighborhoods within Martin County’s ‘A’ rated schools system.

Rocky Point Real Estate in Stuart Florida

One of the highlights of the year for Rocky Point is the Port Salerno Seafood Festival.  Held yearly in the winter, this free festival fills the streets of Historic Port Salerno.  In addition to serving up the area’s freshest and tastiest seafood, live music, community booths, arts & crafts, activities for the kids, pirates and more keep the entire family entertained the whole day.

Rocky Point real estate Admission is FREE, though attendees are asked to bring canned goods in exchange for zero admission to benefit a food drive for local food banks.

Rocky Point real estate

 

 

Search the Martin County MLS
Search here for available homes in Rocky Point

 

Find the Perfect Home for Sale Today

Prices are low and the inventory has been shrinking.  Don’t miss the opportunity of a lifetime.  Search instantly for any size, location, price range to get you the BEST deal around!!!

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Rocky Point January 2019 Market Report

 

Murano Homes January 2019 Housing Market Report

01.26.19 by

Murano Homes January 2019 Housing Market Report

Palm City Florida Real Estate

There are currently 4 homes available for purchase in the Murano community in Palm City FL with list prices ranging from $314,900 up to $394,900 which is an average list price of $357,200 or $134.48 per sq. ft. of living area.

 

There are no homes under contract at this time in the Murano subdivision of Palm City, FL.

 

In the past year, 11 homes have sold in Murano with sales prices ranging from $285,000 up to $389,000 for an average sales price of $322,014 which equals $136.47 per sq. ft. of living area.  The average days on market before going under contract for these homes was 87 with a list to sales price ratio was 98%.

About the Murano Community in Palm City FL:

Murano Community in Palm City FL

Conveniently located off of Martin Downs Blvd and Sunset Trail, Murano is a new home community with 110 homes. Originally developed by Home Dynamics with homes built in 2007 and later this community was taken over by D. R. Horton with building resuming in 2011 to the present. Murano homes range from two story 5 Bedroom 4 bathroom homes of 0ver 3,200 sq. ft. to single story 2 Bedroom, 2 bath homes of just over 1,700 sq. ft.
Murano Community in Palm City FL

This is a very family friendly neighborhood close to schools, shopping and Florida’s Turnpike for commuters. There is a community pool and low HOA fees of $133 per month.

Murano Community in Palm City FL

  Search here for:

Murano Homes for Sale

Palm City Florida Real Estate is presented by:
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Murano Homes January 2019 Housing Market Report

 

Hobe Sound FL 33455 Residential Market Report December 2018

01.25.19 by

Hobe Sound FL 33455 Residential Market Report December 2018

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for December 2018

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

There are currently 218 active listings. (Up by 11 homes from November)

Hobe Sound FL 33455 Residential Market Report December 2018

50 Residential sales are pending and awaiting close  (Down by 13 homes from November)

Hobe Sound FL 33455 Residential Market Report December 2018

39 Homes Sold in December (Up by 21 homes from last month)

Hobe Sound FL 33455 Residential Market Report December 2018

The Hobe Sound Florida Market Report ZIP Code 33455 had a rebound in closed sales after a terrible November.  There was a decline in pending sales that may affect closed sales in the months ahead.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 5.6 months (It was 11.5 months in November).  Returning into a slight seller’s 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 December 2017 were:  189 active listings, 62 pending sales, and 24 closed sales.  A larger inventory this year and better closed sales volume.  Unfortunately, a  smaller number of pending sales.

Hobe Sound FL 33455 Residential Market Report December 2018

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Search here for Hobe Sound Florida Real Estate for Sale

Stuart Florida Real Estate presented by:
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Hobe Sound FL 33455 Residential Market Report December 2018

Jensen Beach FL 34957 Condo Market Report December 2018

01.24.19 by

Jensen Beach FL 34957 Condo Market Report December 2018

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for December 2018

For December 2018 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County):

There are currently 110 active listings. (Increased by 10 condos from November)

Jensen Beach FL 34957 Condo Market Report December 2018

18 Condo sales are pending and awaiting settlement. (Down by 6 condos from November)

Jensen Beach FL 34957 Condo Market Report December 2018

12 Condos Sold (Down by 3 condos from November)

Jensen Beach FL 34957 Condo Market Report December 2018

 The Jensen Beach FL 34957 Condo Market Report had c continued increase in inventory and unfortunately a decrease in both pending and closed sales..

The one-month absorption rate for the December 2018, Jensen Beach Florida Market Report ZIP Code 34957 jumped to 9.2 months (from 6.7 months in November), now a buyer’s market for the first time in quite a while.   A balanced market is considered to be a 6 to 7-month absorption rate favoring neither the buyer or seller.

The December 2017 numbers were: 108 active listings, 26 pending sales, and 16 condos closed.  There was considerably better activity last year.

Jensen Beach FL 34957 Condo Market Report December 2018

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

Jensen Beach Florida Real Estate presented by:
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Jensen Beach FL 34957 Condo Market Report December 2018

Canoe Creek Real Estate Market Report January 2019

01.24.19 by

Canoe Creek Real Estate Market Report January 2019

For January 2019 there are 4 homes for sale in Canoe Creek in Palm City.  These homes are listed for sale with prices from $399,000 up to $525,000.  This is an average list price of $462,000 or $179.51 per sq. ft. of living area.

There is 1 home currently under contract in Canoe Creek in Palm City.  This home was listed for $279,000 or $147.78 per sq. ft. of living area.  It was on the market for 23 days before going under contract.

In the past 12 months, 9 homes hasve sold in Canoe Creek.  The sales prices ranged from $349,000 up to $570,000.. This works out to an average sales price of $426,167 which equals $169.36 per sq. ft. of living area.  These homes went under contract in an average of 66 days after going on market and sold for an average of 96% of list price.

About Canoe Creek Real Estate in Palm City:

Search for Canoe Creek Homes for Sale

Canoe Creek in Palm City FL

Canoe Creek in Palm City is a wonderful family community filled with just a little over 100 captivating homes that have plenty of room for your family to grow. Each home has a spacious yard with beautiful manicured Florida foliage that creates a tranquil backdrop. Lot sizes in Canoe Creek begin at 1/2 acre with a few lots of up to just over an acre.  Home sizes range from over 4,000 sq. ft. of living area with 5 bedrooms, 5 bathrooms and 3 car garages down to more modest 3 bedroom, 2 bathroom homes of under 2,000 sq. ft. of living area.  Homes in Canoe Creek had numerous builders and were completed between the years of 1980 and 1995.

Canoe Creek in Palm City FL

The neighborhood is approximately 25 minutes from gorgeous stretches of beaches in Stuart. Canoe Creek is close to great ‘A’ rated schools, recreation, and the exciting and beautiful Downtown Stuart while still close to I-95 and Florida’s Turnpike for those needing to commute or wishing to travel either north or south.

Canoe Creek in Palm City FL

Low HOA fees of $150 per quarter make this an easily affordable community in a subdivision that offers privacy with room to spare between homes with individual mostly custom designed and built homes at an affordable price.

Canoe Creek in Palm City FL

Search for Canoe Creek Homes for Sale

Canoe Creek Real Estate Market Report January 2019

Jensen Beach FL 34957 Residential Market Report December 2018

01.23.19 by

Jensen Beach FL 34957 Residential Market Report December 2018

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for December 2018

 For December 2018 in the 34957 Zip Code area of Jensen Beach, Florida:

 There are currently 187 active listings. (Down by 1 home from last month)

Jensen Beach FL 34957 Residential Market Report December 2018

44 Residential sales are pending and awaiting close or lender approval. (Unchanged from November)

Jensen Beach FL 34957 Residential Market Report December 2018

35 Homes Sold (Increased by 6 homes from November)

Jensen Beach FL 34957 Residential Market Report December 2018

The Jensen Beach FL 34957 Residential Market had increased sales fro last month and very little other changes.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 rose to 5.3 months ( was 6.5 months in November).  Transitioning back into a seller’s market for Jensen Beach residential segment after only one month as a balanced market.   A 6 to 7-month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The December 2017 numbers were: 167 active listings, 52 pending sales, and 24 home sales closed. Better sales activity this year.  But, less pending activity on an increased number of homes for sale in Jensen Beach.
Jensen Beach FL 34957 Residential Market Report December 2018
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Jensen Beach Florida Real Estate presented by:
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Jensen Beach FL 34957 Residential Market Report December 2018

Monarch Country Club Real Estate Market Report January 2019

01.23.19 by

Monarch Country Club Real Estate Market Report January 2019

There are currently 10 active listings in the Monarch Country Club in Palm City FL.  List prices range from $369,000 up to $625,000.  This is an average list price of $487,770 which works out to $188.85 per sq. ft. of living area.

There are 4 homes under contract which have not yet closed to date.  List prices were from $324,900 up to $549,000.  This works out to an average of $392,450 or $189.82 per sq. ft. of living area.  These homes were on the market for an average of 98 days before going under contract.

In the past year (12 months back), 33 homes have sold in the Monarch Country Club.  Sales prices ranged from a low of $215,000 up to $485,000.  This equals an average sales price of $354,758 which equals $165.11 per sq. ft. of living area.  These homes sold on average at 95% of the last list price and were on the market for an average of 68 days before going under contract.

About the Monarch Country Club

One of Palm City’s premier neighborhoods, Monarch Country Club is home to the ‘Monarch’ Golf Course in a wonderful gated community of approximately 500 homes.

entrance to the Monarch Country Club

Homes in the Monarch Country Club range in size from estate sized homes with over 3,800 sq. ft. of living area and up to 5 bedrooms and 4 bathrooms with 3 car garages down to smaller attached villas with a more modest 1,300 sq. ft. of living area and 2 bedrooms, 2 bathrooms and a 2 car garage.  For those living in the Monarch Country Club, membership in the golf club is not mandatory and there are a number of social memberships also available including tennis and community pool memberships.

Monarch Country Club Real Estate in Palm City Florida

The HOA fees (not including golf or social) ranged from just under $425.00 up to $460.00 a month depending on the size and the section of Monarch the home is located in. All ages and pets are welcome in Monarch and children are currently zoned to attend the Bessey Creek Elementary School, Hidden Oaks Middle School and Martin County High School.

Monarch Country Club Real Estate in Palm City Florida

This community is well located in Palm City close to Florida’s Turnpike for commuters and with easy access to shopping, restaurants, medical facilities and the many boat ramps and waterways in Martin County.

Monarch Country Club Real Estate in Palm City Florida

The championship course at Monarch boasts 6,867 yard par 72 with a slope of 133 and a rating of 73.6.  Shorter options exist for all levels of play.  This is an Arnold Palmer designed course that opened in 1987 and is currently managed as a ClubCorp facility.

Monarch Country Club Real Estate in Palm City Florida

There’s a beautiful clubhouse with pro shop, fine dining room, snack bar and outside bar that is open to club members and residents of Monarch Country Club.  The two story structure offers beautiful views of the emerald green fairways of the ‘Monarch’ course at the Monarch Country Club.  This fine facility is also available for business, social conferences and weddings.  Adjacent to the clubhouse is a professional caliber tennis facility with six perfectly maintained, lighted Har-Tru courts. A full-service Pro Shop is available to suit all of your needs. Lessons, groups, tournaments are all accommodated by the friendly staff.

Homes in the Monarch Country Club

Currently there are a number of fine homes available for sale in the Monarch Country Club, ranging from smaller attached villas to larger estate homes with magnificent lake and golf course views.

Here are the currently available Monarch Country Club Homes for Sale

Monarch Country Club Real Estate Market Report January 2019

 

Palm City FL 34990 Condo Market Report December 2018

01.22.19 by

Palm City FL 34990 Condo Market Report December 2018

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for December 2018

For December 2018 in the 34990 Zip Code area of Palm City, Florida :

There are currently 97 active condo listings. (Increased by 8 condos from November)

   Palm City FL 34990 Condo Market Report December 2018

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

Palm City FL 34990 Condo Market Report December 2018

0 Condos Sold in December. (Down by 2 condos from November)

Palm City FL 34990 Condo Market Report December 2018

The Palm City FL 34990 condo real estate market remains a fairly small segment of the Martin County condo market. No sales for December but we do have some condos under contract.  The sales activity in this market is skewed by two tough condo communities with high equity and association fees that make this market quite challenging.

The current absorption rate for condos in the 34990 zip code can’t be calculated with 0 sales for this month (was 44.5 months in December).  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 December 2017 numbers were: 101 active listings, 16 pending sales, and 10 closed sales.  Better activity last year.
Palm City FL 34990 Condo Market Report December 2018
Are you interested in the value of your Palm City FL Condo?
Click on this link and fill out the form for an accurate personal evaluation

Stuart Florida Real Estate presented by:
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Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report December 2018

Leilani Heights Jensen Beach January 2019 Market Report

01.22.19 by

Leilani Heights Jensen Beach January 2019 Market Report

There is currently only 1 active listing in Leilani Heights as of January 2019.  The list price is $255,888 or $149.47 per sq. ft. of living area.

Thereis also only 1 home currently under contract.  It was listed for $279,900 which works out to $121.70 per sq. ft. of living area. This home was on the market for 39 days before going under contract.

In the past 12 months, 14 homes have sold in Leilani Heights.  Sales prices ranged from $181,000 up to $292,000 with the average sales price being $228,886 which equals $154.74 per sq. ft. of living area.  The average days on market prior to an accepted offer was34 days and these sales averaged at 95% of the list price.

About Leilani Heights in Jensen Beach FL:

Located so close to the many exciting and beautiful places in Jensen Beach, Leilani Heights has been a well known family oriented neighborhood for many years. Leilani Heights is within walking distance from the Five Star Jensen Beach Elementary School that has earned an “A” rating for 5 years in a row! The Leilani Heights neighborhood is also located less than 10 minutes from Jensen Beach High School, a newer facility filled with fantastic teachers and sports programs. If you are a beach lover then you are in luck! Living in Leilani Heights, you are only a few minutes from having your toes in the sand. Want to enjoy downtown Jensen Beach? Then you are only five minutes away! Treasure Coast Square Mall is also just a short ride away! So if you want to be close to the five star schools, beaches, quality restaurants, the mall, family sports and recreation areas then Leilani Heights is your perfect fit.

 Leilani Heights real estate in Jensen Beach

Leilani Heights has a very reasonable HOA fee of just under $13.00 a month ($150.00 annually).

Leilani Heights real estate in Jensen Beach Leilani Heights real estate in Jensen Beach

Search for available Leilani Heights homes for sale

Palm City Florida Real Estate is presented by:
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Leilani Heights Jensen Beach January 2019 Market Report

Palm City FL 34990 Residential Market Report December 2018

01.21.19 by

Palm City FL 34990 Residential Market Report December 2018

 Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for December 2018

For December 2018 in the 34990 Zip Code area of Palm City Florida :

 There are currently 349 active listings (Down by 7 homes from November)

Palm City FL 34990 Residential Market Report December 2018

94 Residential sales are pending and awaiting close or lender approval. (Down by 5 homes from last month)

Palm City FL 34990 Residential Market Report December 2018

57 Homes Sold in September (Down by 9 homes from November)

Palm City FL 34990 Residential Market Report December 2018

The Palm City FL, zip code 34990 residential real estate market showed reduced activity for December from the previous month and has transitioned into a balanced market.
The monthly absorption rate increased to 6.1 months from 5.4 months in November.  Transitioning into a balanced market for the Palm City zip code 34990 area for residential sales for the first time in quite a while of being in a seller’s market.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The December 2017 numbers were:  381 active listings, 96 pending sales, and 66 closed sales. Slighltless volume of sales and pending sales this year but this is on a significantly lower inventory of available homes for sale.

Palm City FL 34990 Residential Market Report December 2018

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

 Search here for Palm City Florida Real Estate for Sale:

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

 

Palm City FL 34990 Residential Market Report December 2018

Rocky Point Estates January 2019 Market Report

01.19.19 by

Rocky Point Estates January 2019 Market Report

There are currently 2 homes available for sale in Rocky Point Estates.  The list prices are $314,900 and $699,999.  This is an average list price of $507,450 or $205.73 per sq. ft. of living area.

There are 3 homes under contract which has not sold to date.  List prices ranged from $329,900 up to $398,500.  This works out to an average list price of $371,133 which is $257.76 per sq. ft. of living area. This home was on the market for 13 days before going under contract.

In the past 12 months, 4 homes have sold in Rocky Point Estates.  Sales prices ranged from $306,500 up to $475,000.  This is an average sales price of $387,125 which works out to $219.87 per sq. ft. of living area.  These homes sold for an average of 97% of the last list price and took an average of 27 days of being on the market prior to receiving an accepted offer.

About Rocky Point Estates:

Rocky Point Estates

Rocky Point Estates is an HOA community in the eastern middle of Rocky Point.  Homes on Orange St, Nassau Ter. and the north side of Matousek St. had the opportunity to join this HOA when it was developed.  For the very reasonable sum of $145.00 per year, members have access to a large park with a boat ramp and picnic grounds available for their exclusive use.  In addition to the ramp and picnic area, there’s a 29 slip marina suitable for boats up to 30’ in length.  These docks can only be owned (or leased) by members in good standing within the Rocky Point Estates HOA community.  Individuals within Rocky Point Estates have the option to sell or trade docks within the community.

Rocky Point Estates

This boat ramp and the docks are in a highly desirable location that’s only about a mile or so from the open waters of the Atlantic Ocean through the Saint Lucie Inlet.  Fisherman in this community love the fact that they can be casting their lines in deep water just minutes after leaving the dock or ramp.

Rocky Point Estates

There are just over 170 homes belonging to the association.  Homes were first built in this community in 1959 and the latest home was just completed in 2014. Homes are of all styles and sizes ranging from 5 bedroom, 4 bathroom home on almost a half-acre down to under 1,000 sq. ft., 2 bedroom, 1 bathroom homes on under a quarter of an acre lots.

Rocky Point Estates

Children residing in Rocky Point Estates attend the Martin County School District with current assignments to Port Salerno Elementary, Murray Middle and South Fork High Schools.  Residents are also close to a number of wonderful restaurants and first class medical facilities.

Rocky Point Estates

Search for available homes in Rocky Point Estates

Rocky Point Estates January 2019 Market Report

Stuart FL 34997 Condo Market Report December 2018

01.18.19 by

Stuart FL 34997 Condo Market Report December 2018

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2018

For December 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 49 active condo listings (Up by 5 condos from November).

Stuart FL 34997 Condo Market Report December 2018

8 Condo sales are pending and awaiting close (Down by 14 condos from November).

Stuart FL 34997 Condo Market Report December 2018

19 Condos Sold in December (Up by 11 condos from November).

Stuart FL 34997 Condo Market Report December 2018

      The Stuart FL condo market for zip code 34997 reaminsinventory challenged but had a good number of closed sales.  Pending sales took an unexpected drop and may affect closed sales in the coming months.

     The absorption rate rose to 2.6 months in December compared to 5.5 months for November.  Remaining in an extreme seller’s market at this time for 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 December 2017 numbers were: 57 active listings, 17 pending sales, and 19 closed sales.  The same number of closed sales when compared to last year on a reduced inventory, but a greatly reduced number of pending sales.

Stuart FL 34997 Condo Market Report December 2018

Stuart Florida Real Estate presented by:
Gabe Sanders

 

Stuart FL 34997 Condo Market Report December 2018

 

 

Stuart FL 34997 Residential Market Report December 2018

01.17.19 by

Stuart FL 34997 Residential Market Report December 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2018

For December 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 341 active listings (Increased by 19 homes from November).

Stuart FL 34997 Residential Market Report December 2018

93 Residential sales are pending and awaiting close or lender approval (Down by 33 homes from November).

Stuart FL 34997 Residential Market Report December 2018

70 Homes Sold in December (Increased by 9 homes from November)

Stuart FL 34997 Residential Market Report December 2018

      The Stuart Florida Residential Market for ZIP Code 34997 had an increase in closed sales for December but also an unexpected large decrease in pending sales which may affect closed sales in the near future.
     The absorption rate dipped to 4.9 months (was 5.3 months for November).  Still in a seller’s market for the 34997 zip code area of Stuart for December 2018.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.
     The 2017 numbers for December, were: 275 active listings, 121 pending listings, and 81 closed sales.  Even with a greater number of available homes for sale, activity was greater last year.
Stuart FL 34997 Residential Market Report December 2018

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 34997 Zip Code of Stuart FL real estate for sale

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

Stuart FL 34997 Residential Market Report December 2018

 

Stuart FL 34996 Condo Market Report December 2018

01.16.19 by

Stuart FL 34996 Condo Market Report December 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for December 2018

For December 2018 in the 34996 Zip Code area of Stuart, Florida :

There are currently 124 active condo listings (Up by 5 condos from last month).

Stuart FL 34996 Condo Market Report December 2018

26 Condo sales are pending and awaiting close or lender approval (Down by 7 condos from November).

Stuart FL 34996 Condo Market Report December 2018

27 Condos Sold in December (Up by 3 condos from November) 

Stuart FL 34996 Condo Market Report December 2018

The Stuart FL 34996 Condo Market of Stuart showed an increase in sales but a decrease in pending sales from last month.  Though, the activity remains quite strong.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dipped to 4.6  months from November’s 5.0 months. Transitioning back into a seller’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 December 2017 were: 134 active listings, 35 pending sales, and 20 closed sales.  Better closed sales activity this year but better pending sales last year.  One of the few areas with a lower inventory this year.  I expect this to change in the coming months.

Stuart FL 34996 Condo Market Report December 2018

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

Search Stuart FL Condos Here

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report December 2018

Portofino Condos at Jensen Beach January 2019 Market Report

01.16.19 by

Portofino Condos at Jensen Beach January 2019 Market Report

As of January 2019, there are 5 condos available for sale in Portofino.  List prices range from $135,000 up to $189,900.  This is an average list price of $168,120 or $166.18 per sq. ft. of living area.

There is 1 condo under contract at this time.  The list price was $172500 which equals $160.61 per sq. ft. of living area.  This condo was on the market for 64 days before this offer was accepted.

In the past 12 months, 13 condos have sold in Portofino, ranging in sales price from $107,000 up to $175,000.  This equals an average sales price of $143,973 which which works out to $143.34 per sq. ft. of living area.  The average days on market was 46 and the average list to sales price ratio was 97%.

About the Portofino Condos at Jensen Beach:

Portofino Condos at Jensen Beach January 2019 Market Report

Portofino of Jensen Beach is a gorgeous gated condo community that’s just great for families or singles. Portofino offers fantastic amenities such as a resort-style pool and hot tub, a state-of-the-art fitness center, and an indoor air-conditioned racquetball court along with outdoor tennis court. A business center is also available that delivers the conveniences of a home office, with computers, a copier, and a fax machine to keep you connected. A children’s playground is also available. This community is only 10 minutes from the beaches, and it is just minutes to both Jensen Beach Elementary School and Jensen Beach High School. Jensen Beach students also attend Stuart Middle School which is only about 15 minutes away.

 

Portofino Condos at Jensen Beach

Portofino Condos at Jensen Beach

 

Portofino Condos at Jensen Beach is one of the newest condominium subdivisions in Martin County.  Originally built as an upscale apartment complex around 2000, this development was turned into condominiums and began sales in 2005.  Due to the downturn in the housing market, not all units were sold and some are now being offered for lease.  Portofino Condos at Jensen Beach January 2019 Market Report features 1, 2 and 3 bedroom units with separate garage parking as an added purchase when available.  Unit sizes are 802 sq. ft. for the 1 Bedroom 1 bath, 1074 sq. ft. for the 2 Bedroom 2 bath, and 1252 sq. ft. for the 3 Bedroom 2 bath.

Portofino at Jensen Beach

With a total of 384 units, there are 116 one-bedroom, 196 two-bedroom, and 72 three-bedroom units within Portofino that are spacious and include balconies! Portofino provides luxury living for its residents, set in a peaceful Florida preserve atmosphere, many with lake views. Living in Portofino of Jensen Beach you will feel like you are on vacation year round!

Portofino Condos at Jensen Beach January 2019 Market Report

Portofino Condos at Jensen Beach January 2019 Market ReportThe Condo Owners Association fees range from $245.00 to $281.00 per month depending on unit size and for garage owners, there’s an additional $20 per month charge.  Fees include the extensive grounds and gated entry as well as the amenities, which include a large community pool, heated whirlpool, state of the art fitness center, indoor racquetball court, tennis court, playground and a private clubhouse with a full kitchen.

Portofino Condos at Jensen Beach January 2019 Market Report

All ages are welcome in Portofino Condos at Jensen Beach.   Children attend Martin County’s highly rated school system, currently at Jensen Beach elementary school, Stuart middle school and Jensen Beach high school.  Portofino Condos is close to the Treasure Coast mall as well as numerous shops and restaurants, medical facilities and only a few minutes to the waterways of Martin County and the beaches of Hutchinson Island.

Portofino Condos at Jensen Beach

Portofino Condos at Jensen Beach

For information about sales or rentals of Portofino Condos in Jensen Beach, please call the Gabe Sanders real estate team at 772-323-6996 or contact us here.

Jensen Beach Florida Real Estate

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Portofino Condos at Jensen Beach January 2019 Market Report

Stuart FL 34996 Residential Market Report December 2018

01.15.19 by

Stuart FL 34996 Residential Market Report December 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for December 2018

For December 2018 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 167 active listings (Decreased by 2 homes from October).

Stuart FL 34996 Residential Market Report December 2018

23 Residential sales are pending and awaiting close (Up by 6 homes from October).

Stuart FL 34996 Residential Market Report December 2018

15 Homes Sold in December (Up by 2 homes from October).

Stuart FL 34996 Residential Market Report December 2018

The 34996 zip code area of the Stuart Florida improved from last month.  Though this segment has been in a buyer’s market now for a few months.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for December dropped to 11.1 months as compared to October’s 13.0 months.  Remaining in a buyer’s market for the 34996 zip code area of Stuart FL.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for December 2017 were: 141 active listings, 37 pending sales, and 14 closed sales.  Marginally better sales volume and fewer pending sales this year with a higher inventory.

Stuart FL 34996 Residential Market Report December 2018

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

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

Stuart Florida Real Estate presented by:

Gabe Sanders – Stuart Florida Real Estate

Stuart FL 34996 Residential Market Report December 2018