Sewalls Point Single Family Market Report June 2016

07.11.16 by

Sewalls Point Single Family Market Report June 2016

Sewalls Point Real Estate Snapshot, Residential Sales for June 2016

 

There are currently 76 active listings (Up by 6 homes since last month)

Sewalls Point Single Family Market Report June 2016

5 home sales are pending and awaiting close or lender approval (Decreased by 6 homes from May)

Sewalls Point Single Family Market Report June 2016

19 Homes sold in June (Increased by 1 home sales from May)

Sewalls Point Single Family Market Report June 2016

The single family real estate market in Sewalls Point for June continued with good closed activity.  Unfortunately pending sales are down which could indicate slower closed activity for the coming months.

The current absorption rate dipped to 7.6 months, in May it was 7.8 months. Continuing in a positive direction for Sewall’s Point FL..  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 June of 2014, the inventory was 61 homes on the market, 15 pending sales and there were 3 closed sales. The inventory is considerably higher this year and pending sales are off from last year, while closed sales were higher.

Sewalls Point Single Family Market Report June 2016

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Sewalls Point Single Family Market Report June 2016

 

Crane Creek in Martin Downs July 2016 Housing Market Report

07.10.16 by

Crane Creek in Martin Downs July 2016 Housing Market Report

In July of 2016 there are 4 homes listed in Crane Creek.  List prices range from $425,000 to $610,000 for an average list price of $513,725 or $153.74 per sq. ft. of living area.  As of July 10, 2016 these homes have been on the market for an average of 102 days.

There are currently 4 Crane Creek homes are under contract and awaiting settlement, priced from $299,900 to $665,000 or an average list price of $413,450 which is $164.20 per sq. ft. of living area.  These homes averaged 102 days on the market before going under contract.

In the past 12 months there have been 24 sales in Crane Creek with sales prices ranging from $205,000 to $700,000 for an average sales price of $440,092 or $132.16 per sq. ft. of living area. The average days on market was 93 with a 97% list to sales price ratio.

The coast of Florida on the eastern side offers many wonderful locations. One of the secret attractions is Crane Creek real estate development. This community is found within Palm City. With all the accommodations the Palm City area has to offer it should not be a surprise that a select neighborhood such as Crane Creek real estate properties is a high commodity.

  • An abundance of parks to soak in the outdoors  from a climate that allows for it year round; fields for football, soccer, baseball, softball, lacrosse, tennis and basketball courts, skate rinks and parks, horseshoes, playgrounds, picnic areas, shelters, boat ramps and many more
  • A wide variety of fishing from saltwater to freshwater, surf to pier to deep water, charter, novice and expert, tournament or hobby
  • An assortment of arts and culture; musicals, plays, movie theaters, miniature golf, pleasure cruises, restaurants, fine art collections, gift shops, festivals, art shows, museums, theme parks
  • A large range of shopping experiences including leading retailers, specialty shops, charming boutiques, malls

Crane Creek real estate is situated within Martin Downs Country Club. A gated golf course community, Crane Creek has the finest features needed to make the community as upscale and appealing as possible. However, none of this is forced upon you because membership in the country club is optional.

  • a spectacular clubhouse
  • 2 championship golf courses
  • 12 tennis courts
  • 2 swimming pools
  • a fully equipped fitness center

There is also the opportunity to partake in one of the many other conveniences in place at the country club facility.  There are a driving range, chipping area, putting green, practice bunker and rental clubs. The Crane Creek real estate in Martin Downs is made up of marvelous and varied homes with something for everyone. The properties involve a wide selection of architectural style and choices from condominiums to estate homes. The parcels also have as much variation with maintenance free lots and large acreage lots. Within minutes from two of Florida’s major thoroughfares, Florida’s Turnpike and I-95, the location of Crane Creek real estate removes the hassle from commuting. In addition to all of these amenities recent business dealings in the Crane Creek real estate area may bring one more amenity. There is talk of an equestrian facility being placed on site within Martin Downs Country Club. In this part of Florida there is fishing, golf and horses. An equestrian facility would bring horse shows and an increase in revenue for locally owned businesses. Come take a look at all of the extras and all of the expected in this community. Furthermore, contact us today so we can put our knowledgeable and professional expertise to work for you as you look into becoming part of the Crane Creek real estate undertaking.

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Crane Creek in Martin Downs July 2016 Housing Market Report

Leilani Heights Jensen Beach July 2016 Market Report

07.09.16 by

Leilani Heights Jensen Beach July 2016 Market Report

There are 3 current listings in Leilani Heights as of July 2016.  The list prices range from $157,000 and $269,900 for an average list price of $212,133 or $181.90 per sq. ft. of living area.  As of July 9, 2016 these homes have averaged 46 days on the market.

6 homes are under contract and awaiting settlement in Leilani Heights.  List prices are from $170,000 to $257,500 with the average list price being $210,067 that equals $149.62 per sq. ft. of living area.  These homes averaged 63 days on the market before going under contract.

In the past year, there have been 18 homes sold in Leilani Heights.  Sales prices ranged from $113,000 to $257,000 with the average sales price being $194,639 which equates to $127.58 per sq. ft. of living area.  The average days on market prior to n accepted offer was 46 days and these sales averaged at 98% of the list price.

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.

 Search for available Leilani Heights homes for sale

Murano Homes July 2016 Housing Market Report

07.08.16 by

Murano Homes July 2016 Housing Market Report

Palm City Florida Real Estate

Murano in Palm City Florida
There are currently 3 homes on the MLS in Murano with prices ranging from $279,900 to $359,900. This equals an average list price of  $329,600 or $140.54 per sq. ft. of living area.  As of July 8, 2016, the average days on market for these homes is 71 days.
There are no homes under contract at this time in the Murano subdivision of Palm City, FL.
In the past year, 12 homes have sold in Murano with sales prices ranging from $234,000 to $327,500 for an average sales price of $279,617 which equals $129.15 per sq. ft. of living area.  The average days on market before going under contract was 57 and the list to sales price ratio was 97%..
Murano Homes in Palm City FLConveniently located off of martin Downs Blvd and Sunset Trail, Murano is a new home community with 110 homes. Originally developed by Home Dynamics with homes built in 2007 and later this community was taken over by D. R. Horton with building resuming in 2011 to the present. Murano homes range from two story 5 Bedroom 4 bathroom homes of 0ver 3,200 sq. ft. to single story 2 Bedroom, 2 bath homes of just over 1,700 sq. ft.

This is a very family friendly neighborhood close to schools, shopping and Florida’s Turnpike for commuters. There is a community pool and low HOA fees of approximately $65 per month (as of this writing).

There may be a few new D. R. Horton homes available for sale, but this community is just about sold out so call us for details.

  • For the D.R. Horton homes, highlights include:
  • Choice of 5 NEW Floor plans
  • GE Appliance Package
  • Various home sites available including lakefront
  • Community Swimming Pool and Cabana
  • Top Rated Palm City Schools
  • Easy commute via I-95 or Florida Turnpike
  • Close proximity to area recreation including beaches, parks, boating, fishing and all types of water sports
  • Shopping, entertainment and restaurants are all nearby.

We are very excited to be able to offer some special promotional packages not available directly from the builder.

 Murano Homes in palm City Florida

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Murano Homes for Sale

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Murano Homes July 2016 Housing Market Report

 

Rocky Point July 2016 Market Report

07.07.16 by

Rocky Point July 2016 Market Report

Here is your Rocky Point July 2016 market Report in Stuart Florida:

There are currently 44 active listings in Rocky Point.  List prices range from a low of $39,500 up to $1,950,000 which results in an average list price of $386,461 or $182.12 per square foot of living area.  As of July 8, 2016 these properties were averaging 115 days on the market.

26 homes and condos are under contract (pending sales) and awaiting closing.    Listing prices ranged from $154,900 to $2,490,000 for an average list price of $414,050 which is $158.73 per square foot of living area.  These properties averaged 106 days on the market before accepting a contract.

In the past 12 months, 192 properties have sold in Rocky Point with sales prices ranging from $57,000 to $2,300,000 for an average sales price of $335,619 which equals $168.71 per square foot of living area.  The average days on market was 113 with a 96% list to sales price ratio.

Rocky Point Homes for Sale in Stuart, Florida

 Rocky Point real estate

Rocky Point in Stuart, FL is a wonderful boating oriented community located just off the Saint Lucie Inlet in beautiful Martin County Florida.  Originally a fishing village because of its proximity to the Atlantic Ocean; Rocky Point is now a wonderful family community with a variety of different neighborhoods.  Most of Rocky Point is still oriented towards fisherman and boaters with many of the neighborhoods having access to docks, marinas and/or boat ramps.  Some neighborhoods have deeded dock rights as well as privately owned ramps and launch facilities.  There is also a selection of some luxury waterfront homes with private docks located only a short few minutes cruise to the open Ocean via the Saint Lucie Inlet and within a day’s round trip to the Bahamas.

 Rocky Point real estate

Bordering Rocky Point to the north and west is the Manatee Pocket.  Home of the original Stuart Sailfish fleet (Stuart continues to proudly boast that it’s the ‘Sailfish Capitol of the World’).  Now home to a number of Marinas, Charter fleets and the famous Chapman School of Seamanship as well as quite a few excellent restaurants serving the freshest seafood arriving from the Ocean straight to the kitchens daily.

 Rocky Point real estate

All this in wonderful family friendly neighborhoods within Martin County’s ‘A’ rated schools system.

Rocky Point real estate

One of the highlights of the year for Rocky Point is the Port Salerno Seafood Festival.  Held yearly in the winter, this free festival fills the streets of Historic Port Salerno.  In addition to serving up the area’s freshest and tastiest seafood, live music, community booths, arts & crafts, activities for the kids, pirates and more keep the entire family entertained the whole day.

Rocky Point real estate Admission is FREE, though attendees are asked to bring canned goods in exchange for zero admission to benefit a food drive for local food banks.

Rocky Point real estate

Search the Martin County MLS
Search here for available homes in Rocky Point

Find the Perfect Home for Sale Today

Prices are low and the inventory has been shrinking.  Don’t miss the opportunity of a lifetime.  Search instantly for any size, location, price range to get you the BEST deal around!!!

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Rocky Point July 2016 Market Report

May 2016 Monthly Market Detail St Lucie County Townhouses and Condos

06.30.16 by

May 2016 Monthly Market Detail St Lucie County Townhouses and Condos

The May 2016 Monthly Market Detail St Lucie County Townhouses and Condos had a surprisingly strong may after a number of not so stellar months earlier.  Closed sales were up 19.0% from last year (was up 2.9% in April) while new pending sales increased by 13.6% (was down by 8.5% in April).

Prices were mixed with the median sales price increasing by 3.6% (was up by 10.0% in April) while the average sales price decreased by 2.9% (increased 4.7% in April).  St Lucie County townhouses and condos are showing a very sustainable slow increase in prices for the past few months.

The inventory of available townhouses and condos decreased by 37 units from last month to 605 units, which is 4.1% greater than May 2015. The current supply of inventory dropped to 6.0 months, which is 5.3% greater than last year.  The St Lucie County townhouses and condos market remains a balanced market. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

May 2016 Monthly Market Detail St Lucie County Townhouses and Condos

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May 2016 Monthly Market Detail St Lucie County Townhouses and Condos

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.

May 2016 Monthly Market Detail St Lucie County Townhouses and Condos

May 2016 Monthly Market Detail St Lucie County Single Family Homes

06.29.16 by

May 2016 Monthly Market Detail St Lucie County Single Family Homes

May 2016 Monthly Market Detail St Lucie County Single Family Homes is bucking the trend from the rest of Florida amd it’s neighbor to the south with strong increases in activity as compared to last year.  Closed sales were up by 11.2% (in April they were down by 3.0%) and new sales under contract (new pending sales) increased by 7.7% (they were up by 7.6% last month).

And along with increased sales prices are also continuing to go higher for May.  Both the median and average sales prices up by 15.6% and 15.2% respectively from last May (For April these numbers were 12.9% and 15.5%).

Active listings fell by 91 homes to 1,628 homes.  This inventory is 6.3% greater than last year.  The current supply of homes is at 3.6 months (an 9.1% increase from last year). The St Lucie County single family home market remains in a hot sellers market.

May 2016 Monthly Market Detail St Lucie County Single Family Homes

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

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.

May 2016 Monthly Market Detail St Lucie County Single Family Homes

May 2016 Monthly Market Detail Martin County Townhouses and Condos

06.28.16 by

May 2016 Monthly Market Detail Martin County Townhouses and Condos

May 2016 Monthly Market Detail Martin County Townhouses and Condos had less volume of closed and pending sales from last year, but is still a very active market.  Closed sales were down by 5.1% (was up by 3.9% in April) and new sales under contract (new pending sales) were down by 5.4% from May 2014 (decreased by 8.4% in April).

Slightly mixed signals with prices as the median sales price dropped by .0.4% (was up by 19.1% in April) while the average sales price increased by 6.7% (was up by 28.9% in April) as compared to May of 2015.  After many months of double digit price gains, this moderation will be welcome news to buyers.

The inventory of available townhouses and condos increased by 7 units to 417 properties as compared to last month.  The second month of increases. This is 1.7% above the May 2015 inventory.  Currently, there’s a 4.2 month supply of inventory (a 7.7% increase from last year).  Still in a sellers market for townhouses and condos for Martin County.

May 2016 Monthly Market Detail Martin County Townhouses and Condos

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

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.

May 2016 Monthly Market Detail Martin County Townhouses and Condos

May 2016 Monthly Market Detail Florida Townhouses and Condos

06.26.16 by

May 2016 Monthly Market Detail Florida Townhouses and Condos

The May 2016 Monthly Market Detail Florida Townhouses and Condos continues to slow it’s pace from the very strong activity of the past three years.  Closed sales were up by 0.1% as compared to last months decrease of 5.3% and new sales under contract (new pending sales) decreased by 4.6% (In April there was a 5.7% decrease).  Even though the inventory has begun to rise from the all time lows of the previous few months, the tremendous rise in prices have made this segment of Florida’s real estate market a bit too pricey for many.

Prices were mixed for may with the median sales price up by 4.4% (was also up by 4.4% in April), while the average sales price decreased by 1.3% (was up 2.9% in April).  If prices continue to stay somewhat stable or even decrease slightly, I expect the volume of sales to increase.

The inventory increased by 7.4% from May of last year.  For May 2016 we have 6.1 months of inventory (was 6.3 months in April) and compared to 5.8 for May 2015.  We are currently in a balanced market for Florida townhouse and condo sales.

May 2016 Monthly Market Detail Florida Townhouses and Condos

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:
May 2016 Monthly Market Detail Florida Townhouses and Condos

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.

May 2016 Monthly Market Detail Florida Townhouses and Condos

May 2016 Monthly Market Detail Florida Single Family Homes

06.25.16 by

May 2016 Monthly Market Detail Florida Single Family Homes

The May 2016 Monthly Market Detail Florida Single Family Homes remains quite active, but showing some signs of stress as the inventory remains low and the values continue to rise.  Closed sales were up by 4.5% (was down by 0.6% in April) and new sales under contract (new pending sales) were down by 2.7% (was down by 4.2% in April).

Both median and average sales prices continue to rise ( May 2015 to May 2016) by 10.5% and 4.2% respectively, compared to April’s 9.2% and 3.8%.  Sooner or later these strong price gains will have a negative effect on sales and I expect this rise to slowdown in the near future.

The inventory of available homes for sale fell by 2.5% from last year.  Higher demand areas of Florida have seen decreasing inventory for more than three years now.  For May there was only a 4.4 months supply of inventory as Florida remains in a sellers market with the advantage for sellers. (May of 2015 had a 4.7 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

May 2016 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:

May 2016 Monthly Market Detail Florida Single Family Homes

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.

May 2016 Monthly Market Detail Florida Single Family Homes

Hobe Sound FL 33455 Condo Market Report May 2016

06.23.16 by

Hobe Sound FL 33455 Condo Market Report May 2016

 

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

 

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

 

There are currently 5 active condo listings. (No change in active condos from April)

Hobe Sound FL 33455 Condo Market Report May 2016

7 Condos are pending and awaiting close. (Up by 1 condos from April)

Hobe Sound FL 33455 Condo Market Report May 2016

No Condos sold in May. (Down by 4 from last month)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  We are down to only 5 available condos for sale in all of Hobe Sound which is not much for buyers to choose from.  Pending sales are strong, but there were no closed sales in May.

There were no sales in Hobe Sound condos for May, but for April the absorption rate was 1.3 months.  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 may 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 May 2015 numbers were: 8 active listings, 4 pending sales and 1 closed sales.  Pending sales are the only statistic that is doing better this year than last.

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Hobe Sound FL 33455 Condo Market Report May 2016

 

Hobe Sound FL 33455 Residential Market Report May 2016

06.22.16 by

Hobe Sound FL 33455 Residential Market Report May 2016

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

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

There are currently 213 active listings. (Down by 4 homes from April)

Hobe Sound FL 33455 Residential Market Report May 2016

90 Residential sales are pending and awaiting close  (Down by 9 homes from April)

Hobe Sound FL 33455 Residential Market Report May 2016

52 Homes Sold in May (Down by 2 homes from last month)

Hobe Sound FL 33455 Residential Market Report May 2016

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues to be a strong market even as sales and pending sales were slightly down from the previous month.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 inched up to 4.1 months (4.0 months in April).  The third month in a row of being in a sellers market after two months of a balanced one.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for May 2015 were:  180 active listings, 113 pending sales and 65 closed sales.  Market activity was better last year even with a reduce inventory, though this is still an active market.

Hobe Sound FL 33455 Residential Market Report May 2016

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Hobe Sound FL 33455 Residential Market Report May 2016

Jensen Beach FL 34957 Condo Market Report May 2016

06.21.16 by

Jensen Beach FL 34957 Condo Market Report May 2016

 

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

 

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



There are currently 26 active listings. (Decreased by 6 condos from April)

Jensen Beach FL 34957 Condo Market Report May 2016

11 Condo sales are pending and awaiting settlement. (Up by 3 condos from April)

Jensen Beach FL 34957 Condo Market Report May 2016

3 Condos Sold (Decreased by 9 condos from April)

Jensen Beach FL 34957 Condo Market Report May 2016

 The Jensen Beach FL 34957 Condo Market Report May 2016 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  The Jensen Beach condo inventory continues to be problematic with very low numbers of available condos for sale.  And, for may sales dropped off sharply, while pending sales improved.

The one month absorption rate for the May 2016, Jensen Beach Florida Market Report ZIP Code 34957 jumped up to 8.7 months (from 2.7 months in April), into a buyers market for the first time in close to two years.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The May 2015 numbers were: 30 active listings, 12 pending sales and 8 condos closed.  Considerably better activity last year for Jensen Beach condos.

Jensen Beach FL 34957 Condo Market Report May 2016

Jensen Beach Condominium Properties by Price

 

Jensen Beach Florida Real Estate presented by:
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Jensen Beach FL 34957 Condo Market Report May 2016

Jensen Beach FL 34957 Residential Market Report May 2016

06.20.16 by

Jensen Beach FL 34957 Residential Market Report May 2016

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

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

 There are currently 116 active listings. (Up by 3 homes from last month)

Jensen Beach FL 34957 Residential Market Report May 2016

67 Residential sales are pending and awaiting close or lender approval. (Decreased by 5 homes from March)

Jensen Beach FL 34957 Residential Market Report May 2016

37 Homes Sold (No change in home sales from March)

Jensen Beach FL 34957 Residential Market Report May 2016

The Jensen Beach FL 34957 Residential Market continues to perform well.  It’s good to see an increase in inventory for this month, even if it’s only three homes.  Closed sales volume was unchanged from last month while there was a small decrease in pending sales.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 remained unchanged at 3.1 months (also was 3.1 months in March).  Still an extreme sellers market for Jensen Beach.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The May 2015 numbers were: 135 active listings, 92 pending sales and 31 home sales closed.   Higher closed sales volume this year with lower inventory, though pending sales were much better last year.
Jensen Beach FL 34957 Residential Market Report May 2016

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All Residential properties for sale in the 34957 Zip Code area of Jensen Beach FL

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Jensen Beach FL 34957 Residential Market Report May 2016

Palm City FL 34990 Condo Market Report May 2016

06.19.16 by

Palm City FL 34990 Condo Market Report May 2016

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

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



There are currently 62 active condo listings. (Decreased by 3 condos from April)

   Palm City FL 34990 Condo Market Report May 2016

13 Condo sales are pending and awaiting close or lender approval. (Up by 1 condos from last month)

Palm City FL 34990 Condo Market Report May 2016

7 Condos Sold in May. (Decreased by 1 condos from April)

Palm City FL 34990 Condo Market Report May 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For May of 2016 sales were off by 1 condo and pending sales were up by 1 while the inventory decreased, but still better than last year.

The current absorption rate for condos in the 34990 zip code area inched up to 8.9 months (was 8.1 months in May).   Still a buyers market for Palm City condos, though these numbers should be taken with a grain of salt because of the low number of available properties.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The May 2015 numbers were: 55 active listings, 11 pending sales and 4 closed sales.   Somewhat better volume of sales and pending sales for 2016 when compared to last year.
Palm City FL 34990 Condo Market Report May 2016

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 Palm City FL 34990 Condo Market Report May 2016

Palm City FL 34990 Residential Market Report May 2016

06.18.16 by

Palm City FL 34990 Residential Market Report May 2016

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

 

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

 

There are currently 377 active listings (Increased by 12 homes from April)

Palm City FL 34990 Residential Market Report May 2016

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

Palm City FL 34990 Residential Market Report May 2016

84 Homes Sold in April (No change in sold homes from April)

Palm City FL 34990 Residential Market Report May 2016

The Palm City FL, zip code 34990 residential real estate market activity continues to be quite active.  Good to see the inventory increase, even if it’s only by two homes.  Unfortunately, pending sales were off compared to last months activity.
The monthly absorption rate decreased to to 4.5 months from 4.7 months in April.  Continuing as a sellers 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 May 2015 numbers were:  361 active listings, 204 pending sales and 100 closed sales.  Considerably better activity last year for the Palm City residential real estate market.

Palm City FL 34990 Residential Market Report May 2016

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Palm City Florida Real Estate presented by:
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Palm City FL 34990 Residential Market Report May 2016

Stuart FL 34997 Condo Market Report May 2016

06.17.16 by

Stuart FL 34997 Condo Market Report May 2016

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

 

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

There are currently 73 active condo listings (No change from April).

Stuart FL 34997 Condo Market Report May 2016

40 Condo sales are pending and awaiting close or lender approval (Up by 1 condos from April).

Stuart FL 34997 Condo Market Report May 2016

17 Condos Sold in May (Increased by 5 condos from April).

Stuart FL 34997 Condo Market Report May 2016

     The Stuart FL condo market for zip code 34997 for May showed a nice increase in closed sales and continued strong pending sales activity which should be good for future closed sales activity.  The inventory remained unchanged.
     The one month absorption rate went down to 4.3 months from 4.4 months for April.  Still a sellers market for the 34997 zip code area of Stuart condos. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
 The May 2015 numbers were: 45 active listings, 21 pending sales and 22 closed sales.  Weaker closed sales this year while pending sales are considerably better.  This segment of the Stuart market is the only one with a considerably higher inventory this year as compared to 2015.

Stuart FL 34997 Condo Market Report May 2016

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

 

 

Stuart FL 34997 Residential Market Report May 2016

06.16.16 by

Stuart FL 34997 Residential Market Report May 2016

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

There are currently 304 active listings (Decreased by 5 homes from April).

Stuart FL 34997 Residential Market Report May 2016

216 Residential sales are pending and awaiting close or lender approval (Down by 3 homes from April).

Stuart FL 34997 Residential Market Report May 2016

109 Homes Sold in May (Increased by 10 homes from April)

Stuart FL 34997 Residential Market Report May 2016

      The Stuart Florida Residential Market for ZIP Code 34997 is the largest segment of the Stuart FL residential real estate market.  And, it is also the most active with very strong sales and pending sales activity.
     The current one month absorption rate plunged to 2.8 months (was 3.1 months for April).  Continuing as an extreme sellers’ market for the 34997 zip code area of Stuart FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2015 numbers for May, were: 275 active listings, 225 pending listings and 91 closed sales.  Interestingly enough, there is a greater number of homes for sale this year as compared to 2015.  Sales were better this year though the pending numbers were higher last year.  Though, with this kind of hot activity, these numbers are very similar.
Stuart FL 34997 Residential Market Report May 2016

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

Stuart FL 34997 Residential Market Report May 2016

June 2016 Market Report River Marina Stuart

06.16.16 by

June 2016 Market Report River Marina Stuart

Here’s the latest update for the River Marina Community of Stuart FL:

River Marina Homes and Townhomes in Stuart FL

For June of 2016, there are 12 active listings  (3 homes and 9 townhouses) on the market in River Marina at prices of $169,900 to $384,000 for an average listing price of $249,822 which equals $137.38 per square ft. of living area.  As of June 16, 2016, these homes and townhouses have averaged 98 days on the market.

There are 4 homes under contract awaiting settlement (all are townhouses) with list prices from $218,690 to $224,390 for an average list price of $222,165 which equals $139.75 per sq. ft. of living area.  These townhouses averaged 62 days on the market before going under contract.

In the past 12 months, 35 homes have sold (5 homes and 30 townhouses) with sales prices from $127,000 to $344,000 at an average sale price of $204,402 or per square foot of $121.52.  The average days on market was 62 days and sales were at 98% of list price.

River Marina Homes and Townhomes in Stuart FL

River Marina is a newer community consisting of 84 single family homes built from 2006 to 2008 ranging in size from 3 BR, 1600 sq. ft. homes to 5 BR homes with 3,380 sq. ft of living area. 14 of these homes are waterfront with Ocean access through the South Fork of the Saint Lucie River. The single family homes in River Marina are in a gated enclave.

River Marina Homes and Townhomes in Stuart FL

Also available are newer townhomes in a non-gated area. Currently, only about 47 townhomes have been built with plans for a total of approximately 220 units. Both 2 and 3 Bedroom townhomes are available with 1627 sq. ft. of living area and a 1 car garage. There’s a community pool and easy access to recreational areas.

River Marina Homes and Townhomes in Stuart FL

June 2016 Market Report River Marina Stuart

River Marina Homes and Townhomes for Sale

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Stuart FL 34996 Condo Market Report May 2016

06.15.16 by

Stuart FL 34996 Condo Market Report May 2016

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

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

There are currently 120 active condo listings (Down by 6 condos last month).

Stuart FL 34996 Condo Market Report May 2016

40 Condo sales are pending and awaiting close or lender approval (Decreased by 8 condos from April).

Stuart FL 34996 Condo Market Report May 2016

32 Condos Sold in May (Decreased by 5 condos from April) 

Stuart FL 34996 Condo Market Report May 2016

The Stuart FL 34996 Condo Market of Stuart had decreased activity levels for both pending and closed sales.  Though, this is still a very hot segment of the Stuart condo market.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 3.8 months from April’s 3.4 months.  Still in a strong sellers’ market for May.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for May 2015 were: 103 active listings, 39 pending sales and 33 closed sales.  Similar activity to last year, but our inventory is also higher this year making the effective activity a bit weaker.

Stuart FL 34996 Condo Market Report May 2016

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Stuart FL 34996 Condo Market Report May 2016