Hobe Sound FL 33455 Condo Market Report December 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for December 2016

For December 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 11 active condo listings. (Unchanged from November)

2 Condos are pending and awaiting close. (Down by 2 pending condos from November)

4 Condos sold in December. (Increased by 4 closed sales from November)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Inventory remained unchanged while closed sales were up, while pending sales were off.

The absorption rate for Hobe Sound condos was 2.75 months for December 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 on 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 2015 numbers were: 4 active listings, 1 pending sales and 1 closed sales. It’s very difficult to make meaningful comparisons with such low numbers of sales and inventory, though there is increased activity for this year when compared with 2015.

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Hobe Sound FL 33455 Condo Market Report December 2016

Hobe Sound FL 33455 Residential Market Report December 2016

01.24.17 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report December 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for December 2016

For December 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 206 active listings. (Up by 3 homes from November)

57 Residential sales are pending and awaiting close (Down by 7 homes from November)

40 Homes Sold in December (Up by 7 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County showed improved activity to end the year with increased closed sales and a small increase in inventory. Pending sales were down for this month as compared to November.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dipped to 5.2 months (6.5 months in November). Once again, a seller’s market for Hobe Sound residential real estate. 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 2015 were: 187 active listings, 61 pending sales and 40 closed sales. Overall, better activity with increased inventory as well as more pending and closed sales for 2016 when compared to December 2015.

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Hobe Sound FL 33455 Residential Market Report December 2016

Jensen Beach FL 34957 Condo Market Report December 2016

01.23.17 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report December 2016

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for December 2016

For December 2016 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 134 active listings. (Decreased by 8 condos from November)

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

19 Condos Sold (Up by 10 condos from November)

The Jensen Beach FL 34957 Condo Market Report for December came back strong after a very weak November. Sales were up and the inventory decreased. Unfortunately, pending sales also decreased.

The one month absorption rate for the December 2016, Jensen Beach Florida Market Report ZIP Code 34957 dropped to 7.1 months (from 14.2 months in November), still a buyers market but getting back towards a balanced market once again. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The December 2015 numbers were: 37 active listings, 12 pending sales and 7 condos closed. We had a change in reporting data collection methods and are now including all condos in the 34957 zip code which increases the sampling data base, so the comparisons from last year are not valid at present.

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Jensen Beach FL 34957 Condo Market Report December 2016

Jensen Beach FL 34957 Residential Market Report December 2016

01.22.17 by Gabe Sanders

Jensen Beach FL 34957 Residential Market Report December 2016

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for December 2016

For December 2016 in the 34957 Zip Code area of Jensen Beach, Florida :

There are currently 183 active listings. (Down by 4 homes from last month)

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

33 Homes Sold (Down by 5 homes sales from November)

The Jensen Beach FL 34957 Residential Market has eased from last month, thought still an active market. Inventory was off slightly after two months og gains while both pending and closed sales decreased for December.

The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 rose to 5.5 months ( was 4.9 months in November). Still in a sellers’ market for the Jensen Beach residential real estate segment. A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.

The December 2015 numbers were: 121 active listings, 68 pending sales and 28 home sales closed. Higher sales volume this year, thoguh with considerably greater inventory. Pending sales are off as well when compared to last year.

Jensen Beach FL 34957 Residential Market Report December 2016

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Jensen Beach FL 34957 Residential Market Report December 2016

Palm City FL 34990 Condo Market Report December 2016

01.21.17 by Gabe Sanders

Palm City FL 34990 Condo Market Report December 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for December 2016

For December 2016 in the 34990 Zip Code area of Palm City, Florida :

There are currently 86 active condo listings. (Increased by 6 condos from November)

8 Condo sales are pending and awaiting close or lender approval. (Down by 3 condos from last month)

4 Condos Sold in December. (Up by 1 condos from November)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. The inventory has risen considerably in the past few months while pending and closed sales have not kept pace.

The current absorption rate for condos in the 34990 zip code area jumped up to 21.5 months (was 40 months in December). Still an extreme buyers’ 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.

The December 2015 numbers were: 52 active listings, 9 pending sales and 4 closed sales. Very similar closed and pending sales volume, though at a considerably greater inventory, so by percentage the activity is greatly reduced for this year.

Palm City FL 34990 Condo Market Report December 2016

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Palm City FL 34990 Condo Market Report December 2016

Palm City FL 34990 Residential Market Report December 2016

01.20.17 by Gabe Sanders

Palm City FL 34990 Residential Market Report December 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for December 2016

For December 2016 in the 34990 Zip Code area of Palm City Florida :

There are currently 416 active listings (Decreased by 16 homes from November)

92 Residential sales are pending and awaiting close or lender approval. (Down by 9 homes from last month)

65 Homes Sold in November (Up by 13 homes from November)

The Palm City FL, zip code 34990 residential real estate market had a drop in inventory after two months of increases. Closed sales were up strongly for December from last month, while pending sales saw a decline.

The monthly absorption rate decreased to 6.4 months from 8.3 months in November. Back into a balanced market for the Palm City zip code 34990 area for residential sales. A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The December 2015 numbers were: 375 active listings, 114 pending sales and 60 closed sales. With higher inventory this year, there are fewer closed sales and a little improved closed sales numbers.

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Palm City FL 34990 Residential Market Report December 2016

Stuart FL 34997 Condo Market Report December 2016

01.19.17 by Gabe Sanders

Stuart FL 34997 Condo Market Report December 2016

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2016

For December 2016 in the 34997 Zip Code area of Stuart, Florida :

There are currently 83 active condo listings (Increased by 10 condos from November).

Stuart FL 34997 Condo Market Report December 2016

29 Condo sales are pending and awaiting close or lender approval (Up by 9 condos from November).

Stuart FL 34997 Condo Market Report December 2016

11 Condos Sold in December (Increased by 3 condos from November).

Stuart FL 34997 Condo Market Report December 2016

The Stuart FL condo market for zip code 34997 showed continued improvement from last month and is trending towards a more robust real estate market.

The absorption rate dropped to 7.5 months in December from 9.1 months for November. Continuing as a buyers’ market for the 34997 zip code of Stuart FL, though tending in the right direction. 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 2015 numbers were: 63 active listings, 19 pending sales and 21 closed sales. Better sales numbers from last year, though the pending listings this year look promising.

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2016

Stuart FL 34997 Residential Market Report December 2016

01.18.17 by Gabe Sanders

Stuart FL 34997 Residential Market Report December 2016

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2016

There are currently 334 active listings (Increased by 6 homes from November).

120 Residential sales are pending and awaiting close or lender approval (Down by 18 homes from November).

69 Homes Sold in December (Increased by 7 homes from November)

The Stuart Florida Residential Market for ZIP Code 34997 is the largest segment of the Stuart FL residential real estate. 2016 ended with strong activity and a continued advantage for sellers in this segemtn of the Stuart residential real estate market.

The absorption rate decreased to 4.8 months (was 5.3 months for November). Increasing the sellers market for the 34997 zip code area of Stuart. Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

The 2015 numbers for December, were: 308 active listings, 163 pending listings and 62 closed sales. Slightly better closed sales for this year, but considerably lower pending sales with greater inventory.

Stuart FL 34997 Residential Market Report December 2016

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Stuart FL 34997 Residential Market Report December 2016

Stuart FL 34996 Condo Market Report December 2016

01.17.17 by Gabe Sanders

Stuart FL 34996 Condo Market Report December 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for December 2016

For December 2016 in the 34996 Zip Code area of Stuart, Florida :

There are currently 153 active condo listings (Unchanged from last month).

35 Condo sales are pending and awaiting close or lender approval (Increased by 1 condos from November).

20 Condos Sold in December (Up by 8 condos from November)

The Stuart FL 34996 Condo Market of Stuart continued to show improving sales and pendings though it is still trying to catch up with the increases in inventory from the past few months.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 dropped to 7.65 months from November’s 12.8 months. Remaining in a buyers market for this segment of Martin County condos but trending in the right direction. A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for December 2015 were: 102 active listings, 31 pending sales and 18 closed sales. Fairly similar closed and pending volume as compared to December of 2015, but the inventory is considerably higher this year when compared to 2015.

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Stuart FL 34996 Condo Market Report December 2016

Stuart FL 34996 Residential Market Report December 2016

01.16.17 by Gabe Sanders

Stuart FL 34996 Residential Market Report December 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for December 2016

For December 2016 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 169 active listings (Down by 17 homes from November).

31 Residential sales are pending and awaiting close or lender approval (Up by 7 homes from November).

17 Homes Sold in December (Increased by 8 homes from November).

The 34996 zip code area of the Stuart Florida residential real estate market showed a nice strong finish for the end of the year with improved sales and pending activity along with a drop in inventory.

The one month absorption rate for the 34996 zip code area of Stuart Florida for December dropped to 9.9 months as compared to November’s 20.6 months. Still a buyers’ market for the 34996 zip code area of Stuart FL but trending in the right direction. 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 2015 were: 170 active listings, 24 pending sales and 12 closed sales. The end of 2016 had stronger activity when compared to the finish of 2015.

Stuart FL 34996 Residential Market Report December 2016

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Stuart FL 34996 Residential Market Report December 2016

Stuart FL 34994 Condo Market Report December 2016

01.15.17 by Gabe Sanders

Stuart FL 34994 Condo Market Report December 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for December 2016

For December 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 86 active condo listings (Down by 12 condos from November).

36 Condo sales are pending and awaiting close or lender approval. (Increased by 6 condos from last month)

13 Condos Sold in December (Down by 7 condos from November).

The Stuart FL 34994 Condo market had a drop in inventory for this month and an increase in pending sales but also a decrease in closed sales.

The absorption rate for December dropped to 6.6 months compared to last month’s 4.9. Moving back into a balanced 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 December the numbers were 93 active listings, 29 pending sales, and 17 closed sales. Similar activity as compared to last year with a bit more closed sales and slightly less pending sales from last year.

Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 – Condo, December 2016

Stuart Florida Market Report ZIP Code 34994 Residential December 2016

01.14.17 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Residential December 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for December 2016

For December, 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 52 active listings (Increased by 7 homes from November)

18 Residential sales are pending and awaiting close or lender approval (Decreased by 13 homes from last month).

19 Homes Sold in November (Up by 5 homes from November)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues with very strong activity. The issue is once again becoming the inventory with very few numbers of available homes for sale on the market.

The one month absorption rate for the 34994 zip code for December declined to 2.7 months from 3.2 months for November. Continuing as a very strong sellers’ market for the 34994 zip code area of Stuart, FL. A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The December 2015 numbers were 59 Active Listings, 19 pending sales and 12 closed sales. Stronger activity for this December with lower inventory.

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Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 Residential December 2016

Sewalls Point Single Family Market Report December 2016

01.13.17 by Gabe Sanders

Sewalls Point Single Family Market Report December 2016

Sewalls Point Real Estate Snapshot, Residential Sales for December 2016

There are currently 62 active listings (Down by 12 homes since last month)

10 home sales are pending and awaiting close or lender approval (Decreased by 1 home from November)

11 Homes sold in December (Increased by 9 homes sales from November)

The single family real estate market in Sewalls Point showed a surprising surge of activity for December 2016 after two pretty week months in the fall. Pending sales remained steady and there was a strong increase in closed sales. The inventory of available homes also declined.

The current absorption rate plunged to 5.6 months, in November it was 37 months. Into a slight sellers market for Sewalls Point. It’s been quite a while for Sewalls Point to enjoy such robust activity. 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 of 2015, the inventory was 51 homes on the market, 13 pending sales and there were 3 closed sales. Showing much better activity this year as opposed to 2015.

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Sewalls Point Single Family Market Report December 2016

Tradewinds on Hutchinson Island January 2017 Market Report

01.12.17 by Gabe Sanders

Tradewinds on Hutchinson Island January 2017 Market Report

As of January 2017 there are two townhouses for sale in Tradewinds on Hutchinson Island in Jensen Beach FL. List prices for these townhouses are $379,000 and $389,000 for an average list price of $384,000 which equals $200.05 per sq. ft. of living area.

There are no townhouses currently under contract.

In the past 12 months, 1 home has sold. The sales price was $235,000 or $63.19 per sq. ft. of living area. This home was on the market for 43 days and sold for 94% 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 2017) 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.

Summerfield Market Report for January 2017

01.09.17 by Gabe Sanders

Summerfield Market Report for January 2017

Home of the Champions Golf Club

As of January 2017, there are 8 homes on the market in Summerfield ranging in listing price from $308,500 up to $499,000 for an average list price of $387,965 which equals $183.24 per square foot of living area.

There are 4 homes under contract (pending) awaiting their closing. Listing prices are from $329,000 up to $429,990 for an average list price of $382,845 which equates to $169.63 per square foot of living area. These homes averaged 65 days on the market prior to receiving an accepted offer.

In the past 12 months, 34 homes have sold. Sales prices ranged from $215,000 to $550,000 for an average sales price of $360,228 which equals $168.96 per square foot of living area. The average days on market for these sales was 70 days and the average list to sales price was at 97%.

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:

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Summerfield Market Report for January 2017

Edgewater Villas Condominiums January 2017 Market Report

01.08.17 by Gabe Sanders

Edgewater Villas Condominiums January 2017 Market Report

For January 2017 there is only 1 condo available for sale in the Edgewater Villas of Stuart FL. This condo is listed for $347,900 or $222.87.

There are no units under contract at this time.

In the past 12 months, 3 Edgewater Villas have sold. The sales prices ranged from $345,000 up to $445,000 for an average sales price of $382,500 which equals $239.46 per sq. ft. of living area. These condos sold for 92% of the list price and went under contract in an average of 73 days after list date.