Jensen Beach FL 34957 Condo Market Report December 2017

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for December 2017

For December 2017 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County):

There are currently 108 active listings. (Increased by 2 condos from November)

26 Condo sales are pending and awaiting settlement. (Up by 2 condos from November)

16 Condos Sold (Down by 1 condos from November)

The Jensen Beach FL 34957 Condo Market Report for December had a weaker December than last month with reduced pending and closed sales along with a needed increase in inventory.

The one month absorption rate for the December 2017, Jensen Beach Florida Market Report ZIP Code 34957 rose to 6.8 months (from 6.2 months in November), remaining 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 December 2016 numbers were: 134 active listings, 26 pending sales and 19 condos closed. Slightly better activity this December than for December 2016 with a reduced number of condos for sale (inventory).

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Jensen Beach FL 34957 Condo Market Report December 2017

Monarch Country Club Real Estate Market Report January 2018

01.23.18 by Gabe Sanders

Monarch Country Club Real Estate Market Report January 2018

There are currently 15 active listings in the Monarch Country Club in Palm City FL. List prices range from $239,000 up to $479,000 for an average list price of $394,307 which works out to $181.97 per sq. ft. of living area.

There are 4 homes under contract which have not yet closed to date. List prices were from $309,000 up to $449,000 for an average of $379,250 or $170.96 per sq. ft. of living area. These homes were on the market for an average of 45 days before going under contract.

In the past year (12 months back), 32 homes have sold in the Monarch Country Club. Sales prices ranged from a low of $240,000 up to $585,000 for an average sales price of $369,416 which equals $169.86 per sq. ft. of living area. These homes sold on average at 96% of the last list price and were on the market for an average of 52 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.

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.

As of January 2018, the HOA fees (not including golf or social) ranged from just under $400 up to $450 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.

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.

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.

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.

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 2018

Jensen Beach FL 34957 Residential Market Report December 2017

01.22.18 by Gabe Sanders

Jensen Beach FL 34957 Residential Market Report December 2017

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for December 2017

For December 2017 in the 34957 Zip Code area of Jensen Beach, Florida:

There are currently 167 active listings. (Up by 7 homes from last month)

52 Residential sales are pending and awaiting close or lender approval. (Up by 1 homes from November)

24 Homes Sold (Down by 4 homes from November)

The Jensen Beach FL 34957 Residential Market had slightly less activity for the end of 2017 than there was in November.

The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 rose to 7.0 months ( was 5.7 months in November). Going into a slight buyers market for Jensen Beach residential sales for the first time in a while. A 6 to 7-month absorption rate is considered to be a balanced market favoring neither the seller or buyer.

The December 2016 numbers were: 183 active listings, 53 pending sales, and 33 home sales closed. Not as good a market in Jensen Beach to close out 2017 as it was in 2016.

Jensen Beach FL 34957 Residential Market Report December 2017

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Jensen Beach FL 34957 Residential Market Report December 2017

Leilani Heights Jensen Beach January 2018 Market Report

01.22.18 by Gabe Sanders

Leilani Heights Jensen Beach January 2018 Market Report

There is currently only 1 active listing in Leilani Heights as of January 2018. The list price is $199,000 or $167.51 per sq. ft. of living area.

There are 2 homes currently under contract. List prices for these homes are $238,888 and $269,900 for an average list price of $254,394 which works out to $152.82 per sq. ft. of living area. These homes averaged 53 days on the market before going under contract.

In the past 12 months, 19 homes have sold in Leilani Heights. Sales prices ranged from $160,000 up to $265,000 with the average sales price being $221,947 which equates to $146.07 per sq. ft. of living area. The average days on market prior to an accepted offer was 56 days and these sales averaged at 97% of the list price.

About Leilani Heights in jensenBeach FL:

Located so closely 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 Lelaini 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.

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Leilani Heights Jensen Beach January 2018 Market Report

Portofino Condos at Jensen Beach January 2018 Market Report

01.20.18 by Gabe Sanders

Portofino Condos at Jensen Beach January 2018 Market Report

As of January 2018, there are 5 condos available for sale in Portofino. List prices range from $109,500 up to $149,000 which averages to $124,600 or $147.51 per sq. ft. of living area.

There are no condos under contract at this time.

In the past 12 months, 11 condos have sold in Portofino, ranging in sales price from $93,500 up to $164,500 for an average sales price of $121,682 which equals a price per sq. ft. of $126.67. The average days on market was only 29 and the average list to sales price ratio was 95%.

About the Portofino Condos at Jensen Beach:

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 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 2018 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.

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!

The Condo Owners Association fees range from $209 to $330 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.

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

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.

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Portofino Condos at Jensen Beach January 2018 Market Report

Palm City FL 34990 Condo Market Report December 2017

01.19.18 by Gabe Sanders

Palm City FL 34990 Condo Market Report December 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for December 2017

For December 2017 in the 34990 Zip Code area of Palm City, Florida :

There are currently 101 active condo listings. (Increased by 16 condos from November)

16 Condo sales are pending and awaiting close or lender approval. (Up by 2 condos from last month)

10 Condos Sold in December. (Up by 6 condos from November)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. For December the market activity increased from last month in all categories for Palm City condos.

The current absorption rate for condos in the 34990 zip code area dropped to 10.1 months (was 21.25 months in July). Still a buyer’s market for Palm City condominiums but trending in the right direction. A balanced market is considered to be an absorption rate of around 6 to 7 months. (A good percentage of the difficult buyer’s market is a result of two equity golf club communities which are having some difficulty with the volume of sales.)

The December 2016 numbers were: 86 active listings, 8 pending sales and 4 closed sales. Better activity for this year with a higher inventory of available condos for sale.

Palm City FL 34990 Condo Market Report December 2017

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Palm City FL 34990 Condo Market Report December 2017

Palm City FL 34990 Residential Market Report December 2017

01.18.18 by Gabe Sanders

Palm City FL 34990 Residential Market Report December 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for December 2017

For December 2017 in the 34990 Zip Code area of Palm City Florida :

There are currently 381 active listings (Increased by 15 homes from November)

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

66 Homes Sold in November (Up by 2 home from November)

The Palm City FL, zip code 34990 residential real estate market had a small increase in closed sales when compared to last month. Inventory was up while pending sales were down.

The monthly absorption rate inched up to 5.8 months from 5.7 months in November. Still a seller’s market for the Palm City zip code 34990 area for residential sales but inching closer to 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 December 2016 numbers were: 414 active listings, 92 pending sales, and 65 closed sales. Very similar activity when compared to last year though with s maller number of available homes for sale in 2017.

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Palm City FL 34990 Residential Market Report December 2017

Stuart FL 34997 Condo Market Report December 2017

01.17.18 by Gabe Sanders

Stuart FL 34997 Condo Market Report December 2017

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2017

For December 2017 in the 34997 Zip Code area of Stuart, Florida:

There are currently 57 active condo listings (Unchanged from November).

17 Condo sales are pending and awaiting close or lender approval (Unchanged from November).

19 Condos Sold in December (Increased by 9 condos from November).

Stuart FL 34997 Condo Market Report December 2017

The Stuart FL condo market for zip code 34997 continues with very strong activity even though the inventory is now down which may be reflected in the lower pending sale numbers.

The absorption rate decreased to 3.0 months in December compared to 4.9 months for November. More of an extreme seller’s 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 December 2016 numbers were: 83 active listings, 29 pending sales, and 11 closed sales. Better closed volume, but less pensingsales on a reduced inventory for December 2017.

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Stuart FL 34997 Condo Market Report December 2017

Stuart FL 34997 Residential Market Report December 2017

01.16.18 by Gabe Sanders

Stuart FL 34997 Residential Market Report December 2017

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2017

For December 2017 in the 34997 Zip Code area of Stuart, Florida:

There are currently 275 active listings (Decreased by 10 homes from November).

121 Residential sales are pending and awaiting close or lender approval (Decreased by 17 homes from November).

81 Homes Sold in December (Increased by 11 homes from November)

The Stuart Florida Residential Market for ZIP Code 34997 continues as one of the most active segments of the Martin County Florida real estate market.

The absorption rate inched down to 3.4 months (was 4.1 months for November). Becoming a very extreme seller’s market for the 34997 zip code area of Stuart for December 2017. Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

The 2016 numbers for December, were: 334 active listings, 120 pending listings, and 69 closed sales. A much stroger market for sales this year on a smaller number of available homes for sale (inventory).

Stuart FL 34997 Residential Market Report December 2017

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Stuart FL 34997 Residential Market Report December 2017

Stuart FL 34996 Condo Market Report December 2017

01.15.18 by Gabe Sanders

Stuart FL 34996 Condo Market Report December 2017

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for December 2017

For December 2017 in the 34996 Zip Code area of Stuart, Florida :

There are currently 134 active condo listings (Unchanged from last month).

35 Condo sales are pending and awaiting close or lender approval (Also unchanged from November).

20 Condos Sold in December (Up by 5 condos from November)

The Stuart FL 34996 Condo Market of Stuart continues with improved sales volume for the last month of the 2017.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 decreased to 6.7 months from November’s 8.9 months. Drifting back into a balanced 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 2016 were: 153 active listings, 35 pending sales and 20 closed sales. Identical sales volume as last year on a reduced number of available condos for sale (inventory).

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Stuart FL 34996 Condo Market Report December 2017

Tradewinds on Hutchinson Island January 2018 Market Report

01.14.18 by Gabe Sanders

Tradewinds on Hutchinson Island January 2018 Market Report

As of January 2018 there is 1 townhouse for sale in Tradewinds on Hutchinson Island in Jensen Beach FL. The list price for this townhouse is $395,000 or $206.16 per sq. ft. of living area.

There are no townhouses currently under contract.

In the past 12 months, 3 homes have sold. The sales prices ranged from $372,000 up to $380,000 for an average sales price of $377,000 which equals $196.52 per sq. ft. of living area. These townhomes averaged 133 days on the market before going under contract. The sales prices averaged 99% of list price.

About Tradewinds in Jensen Beach:

Located west of A-1-A (Ocean Drive) on Hutchinson Island in Jensen Beach (Saint Lucie County) and just approximately 3 miles north of the Jensen Beach Causeway is this unique townhome community by the name of Tradewinds.

There are a total of 14 townhomes in Tradewinds. Two large Spanish Med style units on the north end were completed in 2009 while the other 10 are in a Key West style and were completed between 2012 and 2014.

The older units are quite large with over 3,500 sq. ft. of living space on two and three levels and numerous bedrooms and bathrooms and garages. The newer units are all 3 bedroom, 2 and ½ bathroom homes with approximately 2,300 sq. ft. of living area with reserved parking. There is one end unit that has a detached garage.

All ages are welcome and up to two large pets are OK. Rentals are also permitted with some restrictions.

These townhomes are deeded as condos so the monthly fee of $400 (as of January 2018) includes maintenance and insurance for all structures and common areas. There is a community pool as well as a community pier with deeded docks on the Indian River (Intracoastal Waterway). Residents of these townhomes have the ability to go fishing on the Intracoastal from their boat or right from the dock, or simply just walk across the street to enjoy the crystal clear waters of the Atlantic Ocean.

Because of the limited number of residences in the Tradewinds, these don’t come on the market very often, so please contact me for a listing alert for any new townhomes that come on the market in the Tradewinds.

Stuart FL 34996 Residential Market Report December 2017

01.12.18 by Gabe Sanders

Stuart FL 34996 Residential Market Report December 2017

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for December 2017

For December 2017 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 141 active listings (Decreased by 2 homes from November).

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

14 Homes Sold in December (Decreased by 5 homes from November).

The 34996 zip code area of the Stuart Florida residential real estate had reduced closed sales for the end of the year but also a nice increase in pending sales on a steady inventory. This is a good sign for the immmediate future.

The one month absorption rate for the 34996 zip code area of Stuart Florida for December rose to 10.1 months as compared to November’s 7.5 months. Still 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 of 2016 were: 169 active listings, 31 pending sales, and 17 closed sales. Slightly better sales last year but also with a greater inventory of available homes for sale.

Stuart FL 34996 Residential Market Report December 2017

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Stuart FL 34996 Residential Market Report December 2017

Summerfield Real Estate Market Report January 2018

01.12.18 by Gabe Sanders

Summerfield Real Estate Market Report January 2018

As of January 2018, there are 5 homes on the market in Summerfield ranging in listing price from $299,900 up to $359,900 for an average list price of $338,640 which equals $178.56 per square foot of living area.

There are 2 homes under contract (pending) awaiting their closing. Listing prices were $289,900 and $372,490 for an average list price of $331,195 which is $159.49 per square foot of living area. These homes averaged 76 days on the market prior to receiving an accepted offer.

In the past 12 months, 27 homes have sold. Sales prices ranged from $290,000 up to $480,000 for an average sales price of $364,199 which equals $178.31 per square foot of living area. The average days on market for these sales was 83 days and the average list to sales price was at 97%.

About Summerfield the Home of the Champions Golf Club:

Summerfield is located on over 275 acres and hosts a little over 500 single family homes adjoining the Champions Golf Course. Selected as one of the top 10 Golf Courses he nation by Golf Magazine in 1995, it is the first public golf course awarded the Audubon Signature Sanctuary Statuary because of its natural beauty. This Tom Fazio designed course is open to the public with very reasonable membership fees. Visit the Champions Course web site for more information at http://www.thechampionsgolfclub.com/

The residential section is known as Summerfield and is a secured gated community with homes ranging in size from smaller 2 bedroom coach homes of around 1500 square feet up to 5 bedroom estate homes boasting over 3,000 square feet of living area.

Summerfield boasts an exceptionally large community pool and clubhouse with dining and entertainment facilities, fitness center and a professional 6 court Tennis club. All of these amenities available at very reasonable HOA fees, along with the convenience of on-site manager to handle any issues that may arise.

Very conveniently located near US-1 and Cove Rd, residents can enjoy close proximity to shopping, medical facilities with downtown Stuart only minutes away and only 30 minutes to the palm Beaches. Easy access to I-95 where travel to Orlando or Miami is only 2 hours by car.

The following homes are currently available for sale in Summerfield:

Summerfield Homes for Sale

Stuart Florida Real Estate

Summerfield Real Estate Market Report January 2018

Stuart FL 34994 Condo Market Report December 2017

01.11.18 by Gabe Sanders

Stuart FL 34994 Condo Market Report December 2017

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for December 2017

For December 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 91 active condo listings (Down by 9 condos from November).

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

15 Condos Sold in December (Decreased by 6 condos from November).

The Stuart FL 34994 Condo market showed slow but continued improvement from last month. Both pending and closed sales were up and a small rise in inventory.

The absorption rate for December decreased to 6.1 months compared to last month’s 4.8. Back into a balanced 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 December the numbers were 86 active listings, 36 pending sales, and 13 closed sales. Very similar activity compared to last year but with a slightly higher inventory of available condos for sale.

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Stuart, FL Real Estate

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Stuart FL 34994 Condo Market Report December 2017

Sewalls Point Single Family Market Report December 2017

01.09.18 by Gabe Sanders

Sewalls Point Single Family Market Report December 2017

Sewalls Point Real Estate Snapshot, Residential Sales for December 2017

There are currently 46 active listings (Down by 1 homes from last month)

13 home sales are pending and awaiting close or lender approval (Increased by 4 homes from November)

3 Homes sold in June (Decreased by 7 homes sales from November)

The single-family real estate market in Sewalls Point had a weak month for closed sales, but did show an increase inpending sales. The inventory of available homes is now down to historically low numbers.

The absorption rate jumped to 15.3 months, in November was 4.7 months. Back into a buyer’s market for Sewalls Point single family homes after only a single month in a seller’s market. A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to December 2016, the inventory was 62 homes on the market, 10 pending sales and there were 11 closed sales. Better sales activity last year on a significantly greater invenotry.

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Sewalls Point Single Family Market Report December 2017

Edgewater Villas Condominiums January 2018 Market Report

01.09.18 by Gabe Sanders

Edgewater Villas Condominiums January 2018 Market Report

For January 2018 there are no condos available for sale in the Edgewater Villas of Stuart FL.

There is one unit under contract at this time. This condo was listed for $385,000 which is $246.64 per sq. ft. of living area. This condo was on the market for 1 day before going under contract.

In the past 12 months, 2 Edgewater Villas condos have sold. The sales prices were $335,000 and $340,500 for an average sales price of $337,750 which equals $216.37 per sq. ft. of living area. These condos sold for an average of 987 of list price and went under contract after an average of 56 days on the market.