Joes Point October 2017 Real Estate Market Report

As of October 2017, there is only 1 home for sale in Joes Point on Hutchinson Island. This home is listed for $1,195,000 or $358.64 per sq. ft. of living area.

There are no homes currently under contract.

In the past 12 months, one home has sold in this waterfront community. The sales price was $1,015,000 which equals $429.72 per sq. ft. of living area. This home went under contract in 473 days and sold for 85% of the list price.

About Joes Point on Hutchinson Island:

One of the most unusual properties on Stuart’s Hutchinson Island is Joes Point. Located on a private peninsula which juts to the north-west into the mile-wide Indian River (Intracoastal Water Way). Originally developed by Lloyd Dutcher in the early 1980’s this is a premier waterfront subdivision enjoying the many wonderful amenities of Hutchinson Island in Martin County. Only minutes to the Saint Lucie inlet and the sparkling Atlantic Ocean by boat, with easy access to the Bahamas or through the Okeechobee waterway through the heart of Florida to the Gulf of Mexico by boat. This is a true boaters paradise. Abundant fishing is just off the dock or go just a few minutes further for some deep sea fishing and adventure.

Joes Point has 56 home sites (3 are vacant lots at this writing) of which most are waterfront with private docks and sweeping water views of the Intracoastal Waterway (Indian River). There are 8 non-waterfront homes, though they have docks in the community marina which is just a short walk from these homes. There is also a community RV/Boat storage area as well as a tennis court. HOA fees as of October 2017 were under $300 per month and include central water and sewer service.

Pets are welcome as well as having the ability to rent these homes. This is a gated community offering a high level of privacy on the shores of the Indian River. Beach access is across A-1-A in a private and HOA owned beach area.

Search here for any available Joes Point Homes for Sale

Joes Point October 2017 Real Estate Market Report

Stuart FL 34997 Condo Market Report September 2017

10.18.17 by Gabe Sanders

Stuart FL 34997 Condo Market Report September 2017

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

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

There are currently 49 active condo listings (Increased by 5 condos from August).

18 Condo sales are pending and awaiting close or lender approval (Decreased by 5 condos from August).

Stuart FL 34997 Condo Market Report September 2017

13 Condos Sold in September (Decreased by 4 condos from August).

Stuart FL 34997 Condo Market Report September 2017

The Stuart FL condo market for zip code 34997 continues to show strong activity but also now with a troubling decrease in available condos for sale. This month’s activity may been impacted by Hurricane Irma which shut down real estate for a little over a week last month.

The absorption rate increased to 3.8 months in September compared to 2.6 months for August. Still in a very strong sellers’ 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 September 2016 numbers were: 72 active listings, 19 pending sales, and 16 closed sales. Better closed sales last year but that was with a much greater inventory of available condos.

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

Stuart FL 34997 Residential Market Report September 2017

10.17.17 by Gabe Sanders

Stuart FL 34997 Residential Market Report September 2017

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

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

There are currently 274 active listings (Decreased by 17 homes from August).

130 Residential sales are pending and awaiting close or lender approval (Decreased by 11 homes from August).

68 Homes Sold in September (Decreased by 18 homes from August)

The Stuart Florida Residential Market for ZIP Code 34997 continues with strong activity but a bit weaker than last month. Some of this decreased activity may have been caused by Hurricane Irma which shut down real estate for a little over a week last month.

The absorption rate inched down to 4.0 months (was 3.4 months for August). Continuing as a strong seller’s market for the 34997 zip code area of Stuart for September 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 September, were: 309 active listings, 132 pending listings, and 89 closed sales. Better activity last year, but it was with a bigger selection of homes (inventory)

Stuart FL 34997 Residential Market Report September 2017

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Stuart FL 34997 Residential Market Report September 2017

Stuart FL 34996 Condo Market Report September 2017

10.16.17 by Gabe Sanders

Stuart FL 34996 Condo Market Report September 2017

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

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

There are currently 112 active condo listings (Increased by 5 condos from last month).

33 Condo sales are pending and awaiting close or lender approval (Decreased by 6 condos from August).

21 Condos Sold in September (Down by 7 condos from August)

The Stuart FL 34996 Condo Market of Stuart showed somewhat less activity than last month, but still pretty active. Some of this decreased activity may have been caused by Hurricane Irma which shut down real estate for a little over a week last month.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 increased to 5.3 months from August’s 3.8 months. Still 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 September 2016 were: 132 active listings, 25 pending sales and 21 closed sales. One of the few areas of martin County with better activity this year when compared to 2016.

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Stuart FL 34996 Condo Market Report September 2017

The Falls of Jensen Beach October 2017 Market Report

10.15.17 by Gabe Sanders

The Falls of Jensen Beach October 2017 Market Report

For October 2017 there are 2 homes available for sale in the Falls of Jensen Beach. Listing prices are $423,500 and $699,000 for an average list price of $561,250 or $158.49 per sq. ft. of living area.

There is one home under contract which has not completed the sales process (closed). The list price of this home is $624,900 or $157.92 per sq. ft. of living area. This home was on the market for 194 days prior to going under contract.

In the past 12 months, 10 homes have sold in the Falls of Jensen Beach. Sales prices ranged from $411,000 up to $639,000 for an average sales price of $491,125 which is equal to $163.15 per sq. ft. of living area. These homes averaged 87 days on market before going under contract and sold on average for 96% of listed price.

About the Falls in Jensen Beach FL:

A newer Kolter community located just north and west of the Treasure Coast Mall in Jensen Beach FL. This is a gated community with spacious lots, many of which have serene preserve or lake views from the back patio and yard.

The Falls is in a wonderful location close to shopping, restaurants as well as professional services and only a few minutes to the beaches and waterways that Martin County has to offer. Children living in the falls have the privilege of attending Martin County ‘A’ rated schools. Currently these are the Jensen beach Elementary school, Stuart Middle school and the Jensen Beach High school.

Construction in the Falls began in 2006 and all of the 130 lots have now been built, with the latest homes just recently completed in 2016. As of this writing there are only two new homes available from the builder, but re-sale homes have been coming on the market at a fairly steady rate.

Homes sizes in the Falls range from 4 bedroom, 3 bathroom homes of 2,236 sq. ft. of living area up to 5 bedroom, 4 bathroom homes with just under 4,500 sq. ft. under AC. The majority of the homes in the falls have 3 car garages. Homes range from single story ranch style designs to two story homes and many have private pools.

Since this is a newer community, all homes meet the latest building codes for hurricane and wind protection and most homes also feature updated kitchen with granite countertops.

The HOA fee (as of October 2017) is $232 per month and includes your landscape and lawn service, basic cable TV as well as security and the common areas. There is no community pool or clubhouse in the Falls.

Here are the currently available homes in the Falls of Jensen Beach

Those interested in new construction in the Falls, please call us for our special builder rebate program (772) 323-6996.

Atlantis Condos on Hutchinson Island October 2017 Market Report

10.14.17 by Gabe Sanders

Atlantis Condos on Hutchinson Island October 2017 Market Report

There are currently 4 condos on the market in the three Atlantis condo buildings.. List prices range from $195,000 to $297,000 for an average list price of $234,000 which equates to $209.58 per sq. ft. of living area.

There is 1 Atlantis condo that is under contract which hasn’t sold to date. The list price was $279,000 or $241.77 per sq. ft. of living area. This condo went under contract 38 days after being listed.

In the past 12 months, 12 condos have sold in Atlantis. Sales prices ranged from a low of $163,500 up to $300,000 with an average sales price of $228,638 or $205.24 per sq. ft. of living area. These condos sold in an average of 148 days and at an average of 95% of list price.

About Atlantis Condos:

Atlantis Condos on Hutchinson Island in Jensen Beach FL (Saint Lucie County) consists of three buildings. Atlantis ‘A’, Atlantis ‘B’ and Atlantis ‘III’. Buildings A and B were constructed in 1978 and consist of 68 2 bedroom 2 bathroom condos with 1,053 sq. ft. of living space on 7 stories. End units are slightly bigger with wrap around balconies and 1113 sq. ft. of living space. Building III was built in 1982, also with the same number of condos but is slightly larger with 1,151 sq. ft. interior units and 1,258 sq. ft. on the ends.

Condo association fees at the time of this post were in the low $300’s per month for Buildings A & B and the low $400’s for Atlantis III. These three buildings have two pools in between them as well as direct ocean access from the rear of all buildings. Those on floors 3 to 7 enjoy excellent ocean and beach views, while the lower floors have partially blocked views because of the sand dunes. There is ample outdoor parking for all residents as well as two tennis courts and a vehicle wash area.

The Atlantis condos are conveniently located just 1 and ½ miles north of the Jensen Beach Causeway and within an easy drive of shopping, restaurants and all the amenities offered on Florida’s Treasure Coast.

Give the Gabe Sanders BlueWater realty team a call or email if you would like more information or wish to see the Atlantis complex in Jensen Beach FL.

Search for Atlantis Condos on Hutchinson Island for Sale

Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you may wish to consider:
Admiral – 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

Stuart FL 34996 Residential Market Report September 2017

10.13.17 by Gabe Sanders

Stuart FL 34996 Residential Market Report September 2017

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

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

There are currently 129 active listings (Down by 16 homes from August).

19 Residential sales are pending and awaiting close or lender approval (Up by 5 homes from August).

6 Homes Sold in September (Decreased by 6 homes from August).

The 34996 zip code area of the Stuart Florida residential real estate showed greatly reduced activity for September along with decreased inventory. Much of this may be attributed to Hurricane Irma which shut down real estate for a little over a week last month.

The one month absorption rate for the 34996 zip code area of Stuart Florida for September jumped to 65 months as compared to August’s 12.1 months. Into an extreme 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 September of 2016 were: 161 active listings, 27 pending sales, and 13 closed sales. Considerably better activity from last year.

Stuart FL 34996 Residential Market Report September 2017

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Stuart FL 34996 Residential Market Report September 2017

Stuart FL 34994 Condo Market Report September 2017

10.12.17 by Gabe Sanders

Stuart FL 34994 Condo Market Report September 2017

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

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

There are currently 73 active condo listings (Up by 3 condos from August).

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

14 Condos Sold in September (Down by 7 condos from August).

The Stuart FL 34994 Condo market remains strong, though it showed weaker activity this September. Some of this reduced activity may have been a result of Hurricane Irma which shut down real estate for a little over a week last month.

The absorption rate for September increased to 5.2 months compared to last month’s 3.3. Still in a seller’s market for this condo segment of Stuart’s 34994 zip code area. Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months. Meaning neither the buyers or sellers have an advantage in the real estate market.

Last September the numbers were 92 active listings, 28 pending sales, and 11 closed sales. Better activity last year.

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Stuart Florida Market Report ZIP Code 34994 – Condo, September 2017

Stuart Florida 34994 Residential Market Report September 2017

10.11.17 by Gabe Sanders

Stuart Florida 34994 Residential Market Report September 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for September 2017

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

There are currently 76 active listings (Decreased by 1 homes from August)

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

8 Homes Sold in August (Decreased by 8 homes from August)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had slightly weaker activity for September. Some of this might have been hurricane related.

The one month absorption rate for the 34994 zip code for September increased to 9.5 months from 4.8 months for August. Bringing the 34994 zip code area of Stuart, FL back into a buyer’s market. A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The September 2016 numbers were 64 Active Listings, 34 pending sales, and 11 closed sales. Better sales and pending activity last year with a little larger inventory. Some of this activity could have been impacted by Hurricane Irma which shut down real estate for a little over a week last month.

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