Palm City FL 34990 Residential Market Report April 2018

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

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

There are currently 364 active listings (Decreased by 27 homes from March)

193 Residential sales are pending and awaiting close or lender approval. (Up by 22 homes from last month)

64 Homes Sold in March (Down by 17 homes from March)

The Palm City FL, zip code 34990 residential real estate market is going to have an issue maintaining good momentum if the inventory continues to drop as it has the past few months. Pending sales remain very strong even as closed sales were off from last month.

The monthly absorption rate rose to 5.7 months from 4.8 months in March. Still a slight seller’s market for the Palm City zip code 34990 area for residential sales, though trending back 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 April 2017 numbers were: 403 active listings, 191 pending sales, and 80 closed sales. Somewhat slower closed sales this year, but this is with a greatly reduced number of homes available for sale (inventory).

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Palm City FL 34990 Residential Market Report April 2018

Villa del Sol May 2018 Market Report

05.21.18 by Gabe Sanders

Villa del Sol May 2018 Market Report

For may 2018 there are two condos on the MLS in Villa del Sol on Hutchinson Island in Jensen Beach FL. The list prices are $127,900 and $320,000 for an average list price of $223,950 which equals $233.21 per sq. ft. of living area.

There is one condo under contract in Villa del Sol. It was listed for $180,000 or $200.67 per sq. ft. of living area. This condo was on the market for 117 days prior to going under contract.

In the past 12 months, 3 condos have sold with sales prices from $209,000 up to $380,000 for an average sales price of $271,333 which works out to $194.65 per sq. ft. of living area. These condos sold for an average of 94% of list price and were under contract in an average of 164 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 2018 Market Report

Sunset Cove Condos May 2018 Market Report

05.20.18 by Gabe Sanders

Sunset Cove Condos May 2018 Market Report

For May 2018, there are no condos listed in the Sunset Cove condos of North Stuart on the Saint Lucie River.

There is are no condos currently under contract.

In the past 12 months, 2 Sunset Cove condos have sold. Sales prices were $281,500 and $302,500 for an average sales price of $292,000 which equals $185.99 per sq. ft. of living area. These sales averaged 96% of the average list price and were on the market for an average of 21 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 are $525 per month (April 2018) and 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.

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

Sunset Cove Condos May 2018 Market Report

Oakbrooke Estates May 2018 Market Report

05.19.18 by Gabe Sanders

Oakbrooke Estates May 2018 Market Report

As of may 2018, there were no homes for sale in the Oakbrooke Estates community of Palm City in Martin County Florida.

There is one home under contract. This home was listed for $550,000 which works out to $149.05 per sq. ft. of living area. This home was on the market for 53 days prior to going under contract.

In the past 12 months, 5 Oakbrooke Estates homes have sold. Sales prices ranged from $475,000 up to $515,000 which is an average sales price of $485,000 or $134.12 per sq. ft. of living area. These homes sold for 97% of the last list price and went under contract in an average of 119 days after being listed.

About Oakbrooke Estates:

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.

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.

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

A wonderful family friendly community of newer palm City Homes.

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

Stuart FL 34997 Condo Market Report April 2018

05.18.18 by Gabe Sanders

Stuart FL 34997 Condo Market Report April 2018

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

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

There are currently 57 active condo listings (Up by 1 condos from March).

19 Condo sales are pending and awaiting close or lender approval (Down by 4 condos from March).

Stuart FL 34997 Condo Market Report April 2018

9 Condos Sold in April (Decreased by 11 condos from March).

Stuart FL 34997 Condo Market Report April 2018

The Stuart FL condo market for zip code 34997 showed slower activity for April after a red-hot March. Pending sales are off by quite a lot as were the closed sales. In great need of more condos available for sale in this area of Stuart FL.

The absorption rate jumped to 6.3 months in April compared to 2.4 months for March. Back into a balanced market 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 April 2017 numbers were: 70 active listings, 44 pending sales, and 5 closed sales. Better closed activity this year even with a significantly reduced number of condos for sale. The pending numbers are not as good.

Search for All Stuart FL Condos Here

Stuart Florida Real Estate presented by:
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Stuart FL 34997 Condo Market Report April 2018

Stuart FL 34997 Residential Market Report April 2018

05.17.18 by Gabe Sanders

Stuart FL 34997 Residential Market Report April 2018

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

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

There are currently 276 active listings (Decreased by 21 homes from March).

166 Residential sales are pending and awaiting close or lender approval (Increased by 2 homes from March).

84 Homes Sold in April (Decreased by 8 homes from March)

The Stuart Florida Residential Market for ZIP Code 34997 remains very active. There is strong sales and pending activity. The decrease in inventory is troubling for the future of the market with the potential for much higher prices potentially pricing many out of this market.

The absorption rate was almost unchanged at 3.3 months (was 3.2 months for March). Remaing in a very strong seller’s market for the 34997 zip code area of Stuart for April 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 April, were: 330 active listings, 177 pending listings, and 80 closed sales. There’s considerably less inventory of available homes for sale this year. The sales activity remains very strong even compared to last year.

Stuart FL 34997 Residential Market Report April 2018

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Stuart FL 34997 Residential Market Report April 2018

Stuart FL 34996 Condo Market Report April 2018

05.16.18 by Gabe Sanders

Stuart FL 34996 Condo Market Report April 2018

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

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

There are currently 125 active condo listings (Down by 14 condos from last month).

59 Condo sales are pending and awaiting close or lender approval (Up by 4 condos from March).

39 Condos Sold in April (Up by 10 condos from March)

The Stuart FL 34996 Condo Market of Stuart had a very strong April with increases in closed and pending sales. Unfortunately, the inventory dropped.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dropped to 3.2 months from March’s 4.8 months. Moving to a stronger sellers’ 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 April 2017 were: 148 active listings, 35 pending sales, and 40 closed sales. Better activity last year on a slightly higher inventory.

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Search Stuart FL Condos Here

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Stuart FL 34996 Condo Market Report April 2018

Indian River Drive Real Estate May 2018 Market Report

05.16.18 by Gabe Sanders

Indian River Drive Real Estate May 2018 Market Report

There are 25 homes and condos available to purchase off of Indian River Drive for May 2018. These properties are listed for prices from $95,000 up to $2,600,000 for an average list price of $740,660 which works out to $259.32 per sq. ft. of living area.

There are 7 homes under contract. These homes were listed for a minimum of $34,900 up to $449,900 which averages to $271,600 or $162.12 per sq. ft. of living area. These homes were on the market for an average of 153 days before going under contract.

In the past 12 months, 27 homes have sold. Sale prices ranged from a low of $59,900 up to $850,000 for an average sales price of $395,533 which equals $183.71 per sq. ft. of living area. These homes averaged 128 days on market before going under contract and sold for an average of 94% of list price.

About Indian River Drive:

Search for Indian River Drive Homes for Sale

Search for Indian River Drive Vacant Land for Sale

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.

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.

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 two-lane road.

Stuart FL 34996 Residential Market Report April 2018

05.15.18 by Gabe Sanders

Stuart FL 34996 Residential Market Report April 2018

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

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

There are currently 128 active listings (Decreased by 5 homes from March).

46 Residential sales are pending and awaiting close or lender approval (Down by 2 homes from March).

28 Homes Sold in April (Down by 1 homes from March).

The 34996 zip code area of the Stuart Florida residential real estate market continued the strong activity from March. The low inventory of available homes for sale may be an issue for the coming months.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for April remained unchanged from March at 4.6 months. Remaining as a seller’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 April 2017 were: 163 active listings, 49 pending sales, and 21 closed sales. Better closed activity this year and similar pending activity. All with a considerably smaller inventory of homes for sale.

Stuart FL 34996 Residential Market Report April 2018

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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 April 2018

Stuart FL 34994 Condo Market Report April 2018

05.14.18 by Gabe Sanders

Stuart FL 34994 Condo Market Report April 2018

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for April 2018

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

There are currently 97 active condo listings (Down by 30 condos from March).

75 Condo sales are pending and awaiting close or lender approval. (Increased by 8 condos from last month)

28 Condos Sold in March (Increased by 2 condos from March).

The Stuart FL 34994 Condo market lost a significant amount of inventory with bery strong sales and pending activity for the month.

The absorption rate for March dropped to 3.5 months compared to last month’s 4.9. Even a stronger seller’s market for this condo segment of Stuart’s 34994 zip code area after one month of a seller’s market. 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 90 active listings, 31 pending sales, and 29 closed sales. Considerably greater pending activity for this year.

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

Stuart, FL Real Estate

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