Stuart FL 34996 Residential Market Report November 2016

12.16.16 by

Stuart FL 34996 Residential Market Report November 2016

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

 

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

 

There are currently 186 active listings (Up by 12 homes from October).

Stuart FL 34996 Residential Market Report November 2016

24 Residential sales are pending and awaiting close or lender approval (Down by 1 homes from October).

Stuart FL 34996 Residential Market Report November 2016

9 Homes Sold in November (Decreased by 6 homes from October).

Stuart FL 34996 Residential Market Report November 2016

The 34996 zip code area of the Stuart Florida residential real estate market had a jump in inventory while decreasing activity in both pending and closed sales.

The one month absorption rate for the 34996 zip code area of Stuart Florida for November jumped to 20.6 months as compared to October’s 11.6 months.  The fourth month in a row as a buyers’ market for the 34996 zip code area of Stuart FL after a long string of being in a sellers market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for November of 2015 were: 143 active listings, 34 pending sales and 6 closed sales.  Inventory is considerably greater this year and pending sales are fewer with a little bit better closed sales volume.

Stuart FL 34996 Residential Market Report November 2016

 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 November 2016

Stuart FL 34994 Condo Market Report November 2016

12.15.16 by

Stuart FL 34994 Condo Market Report November 2016

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

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

There are currently 98 active condo listings (Up by 5 condos from October).

Stuart FL 34994 Condo Market Report November 2016

30 Condo sales are pending and awaiting close or lender approval. (Unchanged from last month) 

Stuart FL 34994 Condo Market Report November 2016

20 Condos Sold in November (Up by 6 condos from October).

Stuart FL 34994 Condo Market Report November 2016

The Stuart FL 34994 Condo market showed improved sales as well as a continued strong pending activity for November.  A little bit of a surprise that this condo market has done well so late in the season.

The absorption rate for November dropped to 4.9 months compared to last month’s 6.5.  Moving back into a sellers’ 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 November the numbers were 96 active listings, 24 pending sales, and 13 closed sales.   Surprisingly a much improved market as compared to last November.  Typically the condo market picks up later in the year and the beginning f the following year.

Stuart FL 34994 Condo Market Report November 2016

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

Stuart Florida Market Report ZIP Code 34994 Residential November 2016

12.14.16 by

Stuart Florida Market Report ZIP Code 34994 Residential November 2016

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

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

There are currently 45 active listings (Decreased by 11 homes from October)

Stuart Florida Market Report ZIP Code 34994 Residential November 2016

31 Residential sales are pending and awaiting close or lender approval (Decreased by 1 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential November 2016

14 Homes Sold in October (Down by 2 homes from October)

Stuart Florida Market Report ZIP Code 34994 Residential November 2016

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues with very strong activity.  Unfortunately the inventory of active home listings is dropping once again to levels that may make this market difficult in the near future.

The one month absorption rate for the 34994 zip code for November declined to 3.2 months from 3.5 months for October.  Continuing as a 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 November 2015 numbers were 61 Active Listings, 25 pending sales and 12 closed sales.  Considerably stronger activity this year when compared to 2015, but the large drop in inventory is troubling.

Stuart Florida Market Report ZIP Code 34994 Residential November 2016

Search here for Stuart Florida Real Estate for Sale

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Stuart Florida Market Report ZIP Code 34994 Residential November 2016

Harbour Ridge December 2016 Market Report

12.14.16 by

Harbour Ridge December 2016 Market Report

Homes:

There are currently 56 homes available for sale in Harbour Ridge.  Listing prices range from $25,000 up to $1,200,000 for an average list price of $350,388 ($269,000 – median) which equates to $126.51 per sq. ft. of living area ($123.20 – median).

There is one home under contract which has not closed to date.  List price was $$390,000 or $148.74 per sq. ft. of living area.  This home was on the market for 314 days prior to going under contract.

In the past 12 months, 23 homes have sold.  Sales prices ranged from $4,500 up to $1,690,000 for an average sales price of $426,152 or $122.96 per sq. ft.  These sales averaged 82% of the last list price and were on the market for an average of 232 days prior to going under contract.

Condos:

There are 46 condos for sale in Harbour Ridge. List prices range from $1 up to $595,000 for an average list price of $100,185 or $57.15 per sq. ft. of living area.

There are no condos currently under contract in Harbour Ridge.

7 condos have sold in the past 12 months with sales prices from $10,000 up to $456,818 for an average of $107,545 which equals $51.65 per sq. ft.  These condos sold for an average of 74% of the final list price and took an average of 136 days on market before accepting an offer.

Harbour Ridge in Palm City

 

Harbour Ridge is a yacht and country club located right next to the St. Lucie River.  Technically located in Saint Lucie County, but Harbour Ridge residents have a Palm City zip code and children attend the ‘A’ rated Martin County School district as it’s location is much closer to Martin County.

Harbour Ridge in Palm City Harbour Ridge in Palm City

This magnificent golf and yachting community offers a wide and varied range of recreational activities for residents only such as; two championship golf courses, tennis programs, a gym center, yacht club with a private marina, and a gorgeous dog park! Harbour Ridge includes many varied types of residences from, a low density community that allows each home to have plenty of green space and a minimum of 1.25 acres to wonderful condos overlooking the wide Saint Lucie River.  There is a newly built magnificent club house that is sought after for rentals throughout the community.

Harbour Ridge in Palm City Harbour Ridge in Palm City

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Sewalls Point Single Family Market Report November 2016

12.13.16 by

Sewalls Point Single Family Market Report November 2016

Sewalls Point Real Estate Snapshot, Residential Sales for November 2016

There are currently 74 active listings (Down by 5 homes since last month)

Sewalls Point Single Family Market Report November 2016

11 home sales are pending and awaiting close or lender approval (Increased by 1 home from October)

Sewalls Point Single Family Market Report November 2016

2 Homes sold in November (Decreased by 4 homes sales from October)

Sewalls Point Single Family Market Report November 2016

The single family real estate market in Sewalls Point took a second step backward for November 2016 after improving numbers throughout the summer.  Pending sales remained steady but a considerable drop in closed sales.  At least the inventory declined slightly.

The current absorption rate skyrocketed to 37 months, in October it was 13.2 months.  Hopefully we’ll see this number go down as we enter the winter season in the next few months.  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 November of 2015, the inventory was 51 homes on the market, 13 pending sales and there were 3 closed sales.  November 2015 was a much better month for Sewalls Point real estate than this year.

Sewalls Point Single Family Market Report November 2016

 Search below for Sewalls Point Florida Real Estate for Sale

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Sewalls Point Single Family Market Report November 2016

 

Beachwood Villas Hutchinson Island December 2016 Market Report

12.13.16 by

Beachwood Villas Hutchinson Island December 2016 Market Report

There is currently one active listing in Beachwood Villas of Hutchinson Island.  The list price is $289,900 which is $309.39 per sq. ft. of living area.

There are currently two pending sales in Beachwood Villas. The list prices were $279,900 and $349,900 for an average list price of $314,900 which equates to $297.12 per sq. ft. of living area.  These two condos went under contract in an average of 4 days after being listed.

Two condos have sold in Beachwood Villas in the past 12 months.  The sales prices were $326,500 and $350,000 for an average sales price of $338,250 or $281.29 per sq. ft. of living area.  These condos sold for an average of 95% of the final listed price and in an average of 45 days on market until there was an accepted offer.

Beachwood Villas on Hutchinson Island is a condo complex with 80 units that were built in 1975. Conveniently located halfway between the Jensen and Stuart Causeways this oceanfront complex features two bedroom, two bathroom condos ranging in size from 937 ft.² of living area up to 1259 ft.².

Many units have direct oceanfront views and all of the condos have under building parking to keep your car out of the harsh sun. Amenities include direct ocean access and a heated pool and spa.

At the time of this writing management and condo fees are approximately $560 per month. Beachwood Villas is a pet friendly community with two large dogs permitted for owners.

Those living in Beachwood Villas feel like they are in a tropical ocean paradise.

Search here for all available Beachwood Villas for Sale

Additional Martin County Condos on Hutchinson Island in Stuart and Jensen Beach you may wish to consider: 
Angler Cove – Buttonwood – Fairwinds Cove – Green Turtle Cove – Hutchinson House – Indian River Plantation Condos – Islander 12 – Jensen Beach Club – Little Ocean Club – Maritimes – Ocean View – Sailfish Point – Sandpebble – Suntide

Stuart Florida Real Estate
Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Beachwood Villas Hutchinson Island December 2016 Market Report

Willoughby Golf Club Stuart December 2016 Market Report

12.12.16 by

Willoughby Golf Club Stuart December 2016 Market Report

There are currently 13 homes on the market in the Willoughby Golf Club, ranging in price from $229,850 to $1,349,000.  The average listing price is $600,988 which equates to a price per sq. ft. of living area of $177.86.

There are 5 homes under contract which have not closed as this post was written.  The list prices of these pending sales range from $449,000 to $995,000 for an average list price of $720,200 which equates to $197.30 per sq. ft. of living area.  These homes averaged 114 days on market prior to going under contract.

In the past 12 months, 27 homes have sold in the Willoughby Golf Club.  Sales prices ranged from $183,000 to $1,400,000 for an average sales price of $487,660 which equals $153.59 per sq. ft. of living area.  Sales prices averaged 93% of list prices and these were on the market for an average of 147 days before receiving an accepted offer.

Willoughby Golf Club real estate can be found in the city of Stuart. Stuart is located in Martin County Florida and sits on the eastern coast of the Atlantic Ocean along what is commonly referred to as the Treasure Coast. Knowing the location of Willoughby Golf Club real estate is the first step in the right direction. You will soon realize though that the right direction becomes filled with so many benefits that it is hard not to wish of owning a piece of Willoughby Golf Club real estate.

Willoughby Golf Club real estate and surrounding area is made up of a 403-acre, private golf community. The golf club memberships entitle the members to enjoyment of a championship and challenging Arthur Hills designed golf course. Of the 403 acres over 200 are devoted to nature preserves, lakes and the golf course itself. This allows the residents in Willoughby Golf Club real estate to enjoy a low inhabitant’s environment and the splendors of the beautiful climate found along Florida’s coast.

Willoughby Golf Club real estate home sites are complimented by the numerous activities and events that take place in the town of Stuart along with noteworthy locations.

  • Restored downtown with historical landmarks
  • exclusive shops
  • distinctive restaurants
  • an executive airport
  • highly viewed schools
  • library
  • outstanding professional and medical facilities
  • a regional mall
  • many cultural happenings

The Atlantic Ocean is accessible via the St. Lucie Inlet and there are protected inland waterways offering boating and fishing excursions. This is no surprise since Stuart properties are located in the “Sailfish Capital of the World”. Stuart also has miles of pristine beaches.

A short drive south will take you to Palm Beach County with its fashionable shopping, assorted well reputable dining, the Raymond F. Kravis Center and Palm Beach International Airport.

The homes of Willoughby Golf Course real estate are divided into different categories. The entire area is made up of nine different neighborhoods, each as fine as the next. You can choose from various floor plans and styles.

Here are the currently available homes for sale in the Willoughby Golf Club

Willoughby Golf Club Stuart December 2016 Market Report

Beachwalk Condos Indian River Plantation December 2016 Market Report

12.11.16 by

Beachwalk Condos Indian River Plantation December 2016 Market Report

There is only one active listings for sale in Beachwalk in early December 2016.  The list price for this condo is $325,000 which equals $224.14 per sq. ft. of living area.

There is one condo currently under contract in Beachwalk. The list price was $335,000 or $231.03 per sq. ft. of living area.  This condo was on the market for 199 says prior to accepting this offer.

In the past 12 months, 2 condos have sold in Beachwalk.  The sales prices were $325,000 and $330,000 for an average sales price of $327,500 which is $241.35 per sq. ft. of living area.  These condos sold for an average of 92% of the listed price and also took an average of 66 days on market prior to receiving an acceptable offer.Beachwalk in Indian River Plantation is a condo complex with 56 2 bedroom, 2 bathroom condos of either 1,253 or 1,274 sq. ft. of living area. The Beachwalk complex was built in 1993 making it one of the newer areas of Indian River Plantation on Hutchinson Island.

Beachwalk is only steps away from the beach, tennis courts, and golf course that are available through the Marriott at Hutchinson Island resort beach club. Enjoy evening cocktails and a snack at the Tiki Bar by the beach or take the free tram to the Marriott Hotel for a great meal any time of the day.

All condos in Beachwalk offer a split plan with two master suites each with their own bath. This is a pet friendly community with some buildings allowing up to 2 large pets. Management and Condo fees were around $520 per month at the time of this writing. One assigned parking spot is provided plus extra guest spaces are available for all residents.

Enjoy true resort style luxury living without having to pay luxury prices at the Beachwalk in Indian River Plantation.

Click here to search for available Beachwalk Condos for Sale

Additional Indian River Plantation Condos you may wish to consider: 
Bayview – Dunes Club – Fairway Villas – Inlet Village – Lakeside – Ocean House – Ocean Terrace – Plantation Club Villas – Plantation House – Resort Villas – River Village – Riverbend – Riverwood – Tennis Villas

Stuart Florida Real Estate
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Beachwalk Condos Indian River Plantation December 2016 Market Report

Admiralty Condos Palm City FL December 2016 Market Report

12.07.16 by

Admiralty Condos Palm City FL December 2016 Market Report

As of December 2016, there there are 5 condos on the market in the Admiralty Condos.   Prices range from $575,000 to $935,000 with the average list price being $700,600 which equals $269.20 per sq. ft. of living area.

There are no condos currently under contract and awaiting settlement.

In the past 12 months, 4 Admiralty condos have sold.  The sales prices ranged from $380,000 to $720,000 for an average sales price of $564,400 or $246.63 per sq. ft. of living area.  These condos sold for an average of 95% of the most recent listing price and were on the market for an average of 127 days prior to an accepted offer that led to the sale.

 

The Admiralty Condos are situated directly by the beautiful Saint Lucie River are an ocean lover’s haven.  Located in desirable Palm City, The Admiralty features large balconies facing the pristine waters of the saint Lucie River with perfect sunrise views.  The varieties of 3 and 4 bedroom floor plans come with amenities such as 2 full car garages and additional storage space.
With safety and security in mind, the community is gated and the luxurious and spacious condo’s come equipped with hurricane windows and doors along with a 22 slip protected marina for the residents use. Enjoy the heated pool, clubhouse, meeting room, and exercise room.
Current Condo association fees in the Admiralty range from the $700 to under $900 dollars per month depending on the unit size.  There are five buildings which make up the Admiralty condo complex in Palm City, Florida.  Three of which were built in 1989-1990.  The two newer buildings were completed in 2005.  These condos offer unparalleled luxury and spaciousness for the price.  Equivalent condos on the Ocean with these amenities are either non-existent or will cost well over $1 million dollars.
The Admiralty is close to fantastic schools such as Martin County High School, Hidden Oaks Middle School, and Bessey Creek Elementary. There are also plenty of restaurants and entertainment areas in and around this wonderful area!

Search here for:

Admiralty Condos Homes for Sale in Palm City Florida

Admiralty Condos Palm City FL December 2016 Market Report

St Lucie County Townhouses and Condos October 2016 Market Detail

12.02.16 by

St Lucie County Townhouses and Condos October 2016 Market Detail

The St Lucie County Townhouses and Condos Market Detail for October 2016 resulted in slightly weaker sales activity as compared to last October.  Closed sales were down by 16.2% from last year (was unchanged in September) while new pending sales decreased by 33.3% (was down by 5.1% in September).

Prices continue to increase quite strongly with the median price up by 11.9% (was up by 6.5% in September) while the average sales price increased by 13.4% (was up by 5.9% in September).  I don’t expect these price increases to be quite so strong in future months if sales activity continues to slow.

The inventory of available townhouses and condos increased by 23 units from last month to 530 units, which is 1.5% greater than October 2015. The current supply of units is 5.4 months, which is 5.9% higher than the 5.1 months of inventory last year.  The St Lucie County townhouses and condos continues to be in a sellers market. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

St Lucie County Townhouses and Condos October 2016 Market Detail

Click here to view or download the full report:
St Lucie County Townhouses and Condos October 2016 Market Detail

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.

St Lucie County Townhouses and Condos October 2016 Market Detail

Plantation Club Villas Indian River Plantation December 2016 Market Report

12.02.16 by

Plantation Club Villas Indian River Plantation December 2016 Market Report

There are 2 active listings in the Plantation Club Villas of Hutchinson Island.  List prices are $272,000 and $314,900 for an average list price of $293,450 which is $222.61 per sq. ft. of living area.

There are no currently pending sales in the Plantation Club Villas.

3 condos have sold in the Plantation Club Villas in the past 12 months.  The sales prices were from $269,000 and $308,000 which averages to $284,000 and $212.22 per sq. ft. of living area.  These condos sold for 92% of the last listed price and were on the market for an average of 94 days before receiving an accepted offer.

About the Plantation Club Villas

The Plantation Club Villas condos of Hutchinson Island in the Indian River Plantation complex of Stuart FL lie next to the pro shop for the golf course.  These units were built in 1987 and most have views of lakes, golf course or private preserves.

Plantation Club Villas on Hutchinson IslandThere are 48 two bedroom two bath condos ranging in size from 1,188 sq. ft. of living area up to 1,430 sq. ft.  The Plantation Club Villas is a four story elevator building and has the convenience of under building parking for residents.

Plantation Club Villas on Hutchinson Island

Current condo and management fees are around $367 per month.

Plantation Club Villas on Hutchinson IslandIndian River Plantation amenities include a golf course, full service marina, tennis courts, tiki bar and shuttle service around the complex and to the Hutchinson Island Marriott resort facilities.

Plantation Club Villas on Hutchinson Island

Click here to view available Plantation Club Villas for Sale

Search for Martin County Real Estate

Other Indian River Plantation Condos you may wish to consider: 
Bayview, Beachwalk, Dunes Club, Fairway Villas, Inlet Village, Lakeside, Ocean House, Ocean Terrace, Plantation House, Resort Villas,River Village, Riverbend, Riverwood, Tennis Villas

Stuart Florida Real Estate
Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Plantation Club Villas Indian River Plantation December 2016 Market Report

 

 

St Lucie County Single Family Homes October 2016 Market Detail

12.01.16 by

St Lucie County Single Family Homes October 2016 Market Detail

St Lucie County Single Family Homes Market Detail for October 2016 continues to have reduced sales activity from last year.  Closed sales were down by 24.5% (in September they were down by 6.6%) and new sales under contract (new pending sales) decreased by 8.9% (they were down by 11.5% last month).

Prices, however, continue their upward march at strong rates.  The median and average sales prices up by 12.0% and 13.4% respectively from last October (For September these numbers were up 10.0% and 10.6%).  While these are very good results for sellers, they make me a little nervous as rates of increase this high may result in lower affordability of homes and subsequently less sales in the future.

Active listings increased by 14 homes to 1,685 homes.  This inventory is 8.2% higher than last year.  The current supply of homes is at 3.8 months (3.4 months for October of 2015)  This is 11.8% greater than last year.  The St Lucie County single family home market remains in a very strong sellers market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes October 2016 Market Detail

Click here to view or download the full report:
St Lucie County Single Family Homes October 2016 Market Detail

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.

St Lucie County Single Family Homes October 2016 Market Detail

Martin County Townhouses and Condos October 2016 Market Detail

11.30.16 by

Martin County Townhouses and Condos October 2016 Market Detail

Martin County Townhouses and Condos Market Detail for October 2016 showed a dramatic drop in sales.  Closed sales were down for the month by 46.9% (was down by 3.2% in September) while new sales under contract (new pending sales) were down by 23.7% from October 2015 (decreased by 16.8% in September).

Prices were also down for October as the median sales price decreased by 1.7% (was up by 6.5% in September) while the average sales price decreased by 14.7% (was down by 4.0% in September) as compared to October of 2015.  Not totally unexpected with the rapid rise of prices for the past three years as there may be a small correction taking place.  Though this market is till active.

The inventory of available townhouses and condos increased by 41 units to 405 properties as compared to last month.  This is 17.7% greater than the October 2015 inventory.  Currently, there’s a 4.3 month supply of inventory (a 30.3% increase from last year).  Still a sellers market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos October 2016 Market Detail

Click here to view or download the full report:
Martin County Townhouses and Condos October 2016 Market Detail

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.

Martin County Townhouses and Condos October 2016 Market Detail

Harborage Yacht Club November 2016 Market Report

11.30.16 by

Harborage Yacht Club November 2016 Market Report

For November 2016 there are 14 active listings in the Harborage Yacht Club with list prices ranging from $139,900 up to $289,900 for an average list price of $185,972 which comes out to $157.30 per sq. ft. of living area.

There are 3 condos under contract.  The list prices of these pending condos range from $99,900 to $299,900 for an average list price of $229,900 which equals $168.45 per sq. ft. of living area.  These condos were on the market for an average of 183 days before going under contract.

In the past 12 months, 6 condos have sold.  Sales prices were from $130,000 up to $275,000 for an average sales price of $172,083 which equals $143.10 per sq. ft. of living area.  These condos sold on average at 89% of list price and took an average of 121 days before going under contract.

About the Harborage Yacht Club Condos in Stuart Florida

Harborage Yacht Club in Stuart Florida
Harborage Yacht Club in Stuart Florida

Located just north of the charming historical heart of Martin County, Stuart’s downtown and just across the Roosevelt Bridge is one of Stuart’s newest waterfront communities, the Harborage Yacht Club and Marina. Located on the shores of the wide Saint Lucie River and only minutes to access the Atlantic Ocean via the Saint Lucie Inlet and then either great fishing or travel to points beyond.

The Harborage Yacht Club and Marina consists of a newer condo development with 2 and 3 bedroom luxury residences called cottages, almost all with sweeping water views. Developed by well renowned Altman Development Corporation and constructed from 2004 to 2006.  Completely sold out at it’s unveiling, many units are currently available at deeply discounted prices.

Harborage Yacht Club in Stuart FloridaHarborage Yacht Club in Stuart FloridaThe marina consists of 150 deep water docks available for rent for both owners and visitors to the beautiful Treasure Coast. Amenities include a state of the art 3 story yacht club, with the exclusive Harbor Grille restaurant, a completely equipped professional fitness center with sauna and spa, infinity edge pool and spa, and much, much more.

Yacht club membership is included for all residents and limited memberships are available for non-residents at this time. Recent changes to the HOA fees have had a negative effect on sales in Harborage with the current fees exceeding $1,000 a month.  This includes a great many amenities and for the price of newer waterfront units it November just be worth it for the right buyer.

Search for available Condos in the Harborage Yacht Club

Florida Townhouses and Condos October 2016 Market Detail

11.28.16 by

Florida Townhouses and Condos October 2016 Market Detail

The Florida Townhouses and Condos Market Detail for October 2016 showed continued weakness as compared to last year for sales.   Closed sales were down by 12.3% as compared to last months decrease of 3.9% and new sales under contract (new pending sales) decreased by 14.5% (In September there was a 5% decrease).

Values, however, continued to increase though at a more moderate pace.  Median sales prices were up by 8.1% (was up by 6.7% in September), while the average sales price increased by 0.5% (was down 2.9% in September).  As sales activity decreases and if inventory continues to increase, I expect these prices to continue to moderate.

The inventory increased by 8.2% from October of last year.  For September 2016 we have 5.9 months of inventory (was  5.8 months in September) and compared to 5.3 for October 2015.  We are approaching a balanced market for Florida townhouse and condo sales. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos October 2016 Market Detail

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos October 2016 Market Detail

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.

Florida Townhouses and Condos October 2016 Market Detail

Florida Single Family Homes October 2016 Market Detail

11.26.16 by

Florida Single Family Homes October 2016 Market Detail

The Florida Single Family Homes Market Detail for October 2016 showed weaker sales activity from last year.  Closed sales were down by 5.3% (was down by 0.5% in September) and new sales under contract (new pending sales) were down by 7.1% (was down by 4.8% in September).

Both the median and average sales prices, though, continue to rise from October 2015 to October 2016.  Up by 11.7% and 6.4% respectively, compared to September’s 11.3% and 6.8%.  I continue to predict the rate of price increases to moderate in the near future if sales continue to slow and  this should also result in a rise of inventory.

The inventory of available homes for sale fell by 3.2% from last year.  For October there was only a 4.2 months supply of inventory as Florida remains in a sellers market with the advantage for sellers. (October of 2015 had a 4.3 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Single Family Homes October 2016 Market Detail

Click here to view or download the full report:

Florida Single Family Homes October 2016 Market Detail

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.

Florida Single Family Homes October 2016 Market Detail

Hobe Sound FL 33455 Condo Market Report October 2016

11.25.16 by

Hobe Sound FL 33455 Condo Market Report October 2016

 

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

 

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

 

There are currently 6 active condo listings. (Up by 1 condos from September)

Hobe Sound FL 33455 Condo Market Report October 2016

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

Hobe Sound FL 33455 Condo Market Report October 2016

1 Condos sold in October. (Decreased by 2 closed sales from September)

Hobe Sound FL 33455 Condo Market Report October 2016

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory levels are at all time lows and it is quite remarkable that there is as much activity as there is in this small segment of the Martin County real estate market.

For October, 2016 the absorption rate is 6 month (it was 1.7 months in September).  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 October 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 October 2015 numbers were: 4 active listings, 0 pending sales and 3 closed sales.  It’s very difficult to make meaningful comparisons with such low numbers of sales and inventory.

Hobe Sound FL 33455 Condo Market Report October 2016

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report October 2016

The Medalist November 2016 Market Report

11.25.16 by

The Medalist November 2016 Market Report

As of November 2016 there are 20 homes for sale in the Medalist.  This includes a selection of both new and pre-owned homes.  List prices range from $719,000 up to $1,900,000 for an average list price of $1,166,645 which works out to $314.43 per sq. ft. of living area.

There is one home under contract.  The list price was $1,950,000 which is also $378.20 per sq, ft. of living area.  This home was on the market for 164 days before going under contract.

In the past 12 months, 8 homes have sold in the Medalist.  Sales prices ranged from $520,000 up to $1,649,000 for an average sales price of $1,028,125 which equals $245.15 per sq. ft. of living area.  These homes sold for an average of 94% of the final list price and went under contract in an average of 165 days.

About The Medalist in Hobe Sound Florida:

It just doesn’t get any better that The Medalist if you want to play golf.  Surrounded by over 870 acres of pristine Florida natural preserve and the home of Greg Norman’s signature golf course.

The Medalist is located in Hobe Sound between Jupiter and Stuart Florida.  Easy access to Jupiter Island and the beaches and also a quick ride to I-95 and points South or North.

New homes are available from quality builder Zuckerman Homes as well as a number of fine pre-owned homes in the estates or the Medalist Village.   All homes at The Medalist Country Club Estates & Spa in Hobe Sound include access to the incomparable Medalist Village consisting of a world-class spa facility, a unique Par 3 golf course designed by Greg Norman, classic Har-Tru tennis courts, and a distinctive Aussie Pub that serves as the social center of the Medalist Village.

HOA fees in the Medalist vary greatly by location and currently (November 2016) range from $208 up to $558 per month.  The higher HOA homes typically include membership in the adjoining Greg Norman-designed par-3 golf course, 2 Har-Tru tennis courts, spa and fitness facilities, & Aussie Pub that serves as the social center of the community.

Children who live in the Medalist are zoned to attend Hobe Sound Elementary School, Murray Middle School and South Fork High School.

Please contact us for a list of amenities as well as currently available homes at the Medalist that are not available on our search page.

Search for Hobe Sound Florida Golf Course Homes for Sale

Hobe Sound FL 33455 Residential Market Report October 2016

11.24.16 by

Hobe Sound FL 33455 Residential Market Report October 2016

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

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

There are currently 198 active listings. (Up by 5 homes from September)

Hobe Sound FL 33455 Residential Market Report October 2016

59 Residential sales are pending and awaiting close  (Down by 5 homes from September)

Hobe Sound FL 33455 Residential Market Report October 2016

33 Homes Sold in October (Down by 14 homes from last month)

Hobe Sound FL 33455 Residential Market Report October 2016

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County has slowed down to a balanced market with reduced pending and closed sales and a continuing increase in inventory.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 6 months (4.1 months in September).  A balanced market for the first time in close to three years of sellers markets.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for October 2015 were:  122 active listings, 68 pending sales and 44 closed sales.  As with most other areas in Martin County for this month, weaker activity as compared to last year.

Hobe Sound FL 33455 Residential Market Report October 2016

Search here for Hobe Sound Florida Real Estate for Sale

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

Hobe Sound FL 33455 Residential Market Report October 2016

Buttonwood Condos November 2016 Market Report

11.24.16 by

Buttonwood Condos November 2016 Market Report

In late November 2016, there is only 1 condo available for sale in Buttonwood on Hutchinson Island in Stuart FL.  The list price is $500,000 which equals $304.14 per sq. ft. of living area.

No condos are currently under contract in Buttonwood.

In the past 12 months, 2 condos have sold.  Sale prices were $560,000 and $825,000 which averages out to $692,500 or $301.88 per sq. ft. of living area.  These two sales sold for an average of 97% of list price and went under contract within 73 days of being listed.

Buttonwood Condos on Hutchinson Island

Buttonwood Condos on Hutchinson Island

The Buttonwood Condos on Hutchinson Island are some of the most spacious homes available on the ocean.  These condos were built in 1983 and offer only 18 residences for discerning customers interested in a luxury ocean front lifestyle.  These condos range in size from a 3 bedroom, 4 bath residences of just under 2,300 sq. ft. of air conditioned space plus balconies down to 2 bedroom, 2 bath with over 1,600 sq. ft.

Buttonwood Condos on Hutchinson Island Buttonwood Condos on Hutchinson Island

Buttonwood residents enjoy private access to their own beach on the Atlantic, a heated pol and spa, clubhouse and tennis court.  Additional amenities include private garages for all units, a vehicle wash area and bicycle storage.

Buttonwood Condos on Hutchinson Island Buttonwood Condos on Hutchinson Island

Buttonwood is a pet friendly building with up to 2 large dogs permitted.  No rentals are allowed.

Buttonwood Condos on Hutchinson Island Buttonwood Condos on Hutchinson Island

Condo and management fees are just over $800 a month.  Buttonwood Condos on Hutchinson Island in Stuart FL is located approximately 1 mile north of the Stuart Causeway.

Buttonwood Condos on Hutchinson Island Buttonwood Condos on Hutchinson Island

Search here for all Buttonwood condos for Sale

Links to all Martin County Condos on Hutchinson Island in Stuart and Jensen Beach you may wish to consider:
Angler Cove – Beachwood Villas – Buttonwood – Dune Condominium – Fairwinds Cove – Green Turtle Cove – Hutchinson House –Indian River Plantation Condos – Islander 12 – Jensen Beach Club – Little Ocean Club – Little Ocean Place – Maritimes – Ocean View –Sailfish Point – Sandpebble – Seaside – Suntide