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

Search here for 34997 Zip Code of Stuart FL real estate for sale

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

Stuart, Florida Real Estate presented for your consideration by:
the Gabe Sanders real estate team

View Our Featured Listings!

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

Search Stuart FL Condos by Price Below:

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report May 2016

Stuart FL 34996 Residential Market Report May 2016

06.14.16 by

Stuart FL 34996 Residential Market Report May 2016

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

 

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

 

There are currently 150 active listings (Down by 1 homes from April).

Stuart FL 34996 Residential Market Report May 2016

43 Residential sales are pending and awaiting close or lender approval (Down by 8 homes from April).

Stuart FL 34996 Residential Market Report May 2016

22 Homes Sold in May (Decreased by 3 homes from April).

Stuart FL 34996 Residential Market Report May 2016

The 34996 zip code area of the Stuart Florida residential real estate market showed reduced sales and pending activity from last month, though only small decreases.  The inventory dropped by only 1 home, yet is still slightly above last year.

The one month absorption rate for the 34996 zip code area of Stuart Florida for May increased to 6.8 months as compared to April’s 6 months.  Drifting back up into a slight buyers market.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for May of 2015 were: 147 active listings, 34 pending sales and 16 closed sales.  Slightly better activity for this year when compared to 2015.

Stuart FL 34996 Residential Market Report May 2016

 Search here for real estate in the 34996 Zip Code of Stuart FL

Stuart Florida Real Estate presented by:

the Gabe Sanders real estate team

Stuart FL 34996 Residential Market Report May 2016

Stuart FL 34994 Condo Market Report May 2016

06.13.16 by

Stuart FL 34994 Condo Market Report May 2016

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

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

There are currently 83 active condo listings (Down by 14 condos from April).

Stuart FL 34994 Condo Market Report May 2016

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

Stuart FL 34994 Condo Market Report May 2016

18 Condos Sold in May (Down by 1 condos from April).

Stuart FL 34994 Condo Market Report May 2016

The Stuart FL 34994 Condo market had a large increase in pending sales for May while closed sales were only down by one condo.  This should result in strong closed activity for the coming few months.  Unfortunately the active inventory took a significant drop.

The one month absorption rate increased to 4.6 months compared to last month’s 5.1.   Dropping into an even stronger sellers’ market for the 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 May the numbers were 91 active listings, 38 pending sales, and 19 closed sales.   Very similar activity to last year.  Though we could use a bit more inventory as it’s down significantly from 2015.

Stuart FL 34994 Condo Market Report May 2016

Search for Stuart FL Condos by Price Below:

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

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

Stuart Florida Market Report ZIP Code 34994 Residential May 2016

06.12.16 by

Stuart Florida Market Report ZIP Code 34994 Residential May 2016

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

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

There are currently 62 active listings (Down by 3 homes from April)

Stuart Florida Market Report ZIP Code 34994 Residential May 2016

43 Residential sales are pending and awaiting close or lender approval (Decreased by 6 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential May 2016

18 Homes Sold in April (Up by 8 homes from April)

Stuart Florida Market Report ZIP Code 34994 Residential May 2016

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had excellent activity for may with very strong future activity (pending sales) and also a nice increase in closed sales.  Though, the reduced inventory is a potential problem.

The one month absorption rate for the 34994 zip code for May dropped down to 3.4 months from 6.5 months for April.  Back into a serious 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 May 2014 numbers were 72 Active Listings, 31 pending sales and 13 closed sales.   Considerably better activity this year even with the reduced inventory.

Stuart Florida Market Report ZIP Code 34994 Residential May 2016

Search here for Stuart Florida Real Estate for Sale

 

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

 

Stuart, FL Real Estate

Rental Properties

Condominium Properties

Vacant Land Properties

Commercial Properties

Residential Properties

 

Stuart Florida Market Report ZIP Code 34994 Residential May 2016

Sewalls Point Single Family Market Report May 2016

06.11.16 by

Sewalls Point Single Family Market Report May 2016

Sewalls Point Real Estate Snapshot, Residential Sales for May 2016

 

There are currently 70 active listings (Up by 2 homes since last month)

Sewalls Point Single Family Market Report May 2016

11 home sales are pending and awaiting close or lender approval (Decreased by 8 homes from April)

Sewalls Point Single Family Market Report May 2016

9 Homes sold in May (Increased by 6 home sales from April)

Sewalls Point Single Family Market Report May 2016

The single family real estate market in Sewalls Point for May had a good month for closed sales and has come close to a balanced market.  Unfortunately, a drop in pending sales may signal a potentially weaker upcoming summer.

The current absorption rate dipped to 7.8 months, in April it was 22.7 months. A very good step in the right direction and heading towards a balanced market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to May of 2014, the inventory was 69 homes on the market, 12 pending sales and there were 3 closed sales.  Considerably greater sold homes for this year when compared to 2015.  Mostly good news for Sewalls Point for a change.

Sewalls Point Single Family Market Report May 2016

 Search below for Sewalls Point Florida Real Estate for Sale

 

Rental Properties

Vacant Land Properties

Residential Properties

 

Sewalls Point Single Family Market Report May 2016

 

June 2016 Market Update for Ballantrae

06.10.16 by

June 2016 Market Update for Ballantrae

For June 2016 there are 8 active listings in the Ballantrae community in the Sandpiper section of Port St Lucie, FL.  List prices range from $235,000 to $1,299,000 for an average list price of $591,338 which equals $201.95 per sq. ft. of living area.  As of June 10, these listings were on the market for an average of 148 days.

There are 4 homes under contract which have not closed to date.  List prices were from $270,000 to $1,025,000, which averages to $527,475 or $206.27 per sq. ft. of living area.  These homes averaged 83 days on market before going under contract.

In the past 12 months, there have been 12 home sales.  Sales prices ranged from a low of  $162,000 up to $442,000 for an average sales price of $$233,436 or $119.77 per sq. ft. of living area.  Listings stayed on the market for an average of 80 days and sold at a 95% list to sales price ratio.

Ballantrae in Port St. Lucie

Ballantrae is a gated community of over four hundred homes located in Port Saint Lucie, Florida. We’re on the North Fork of the Saint Lucie River with direct access to the South Fork of the river which leads to Lake Okeechobee and the Gulf of Mexico. In addition, the Indian River Intracoastal Waterway and access to the Atlantic Ocean via the St. Lucie inlet are both within an easy sail down the river.

Ballantrae in Port St. Lucie

Ballantrae in Port St. Lucie

There is a newly updated and private Jack Nicklaus Signature golf course, Santa Lucia River Club. This is a par 72 championship course of masterful design that winds through 402 acres of upland preserves, oak hammocks, and stands of mature pines.

Ballantrae in Port St. Lucie Ballantrae in Port St. Lucie

In addition to golf and boating, we offer tennis, swimming, fishing, and a Homeowners Community Clubhouse which is the center of many community activities.

View our slideshow of Ballantrae

Search for Ballantrae Homes for Sale

Vista del Lago June 2016 Market Report

06.09.16 by

Vista del Lago June 2016 Market Report

As of June 2016, there are 7 active listings in Vista del Lago. The list prices range from $44,900 to $76,900 for an average list price of $70,143 which equates to $76.24 per sq. ft. of living area.  As of June 9 2016, these condos have been on the market for an average of 95 days.

There are currently 3 condos under contract which have not closed yet.  List prices were from $47,900 to $74,900 for an average list price of $57,233 which equals $72.83 per sq. ft. of living area.  These condos averaged 36 days on market before going under contract.

23 condos have sold in the past 12 months. Sales prices were from $27,000 to $86,000 with the average sales price being $54,061. This equals $62.25 pr sq. ft. of living area. The average days on market was 63 and these condos sold on average at 93% of list price.

 Vista del Lago in Stuart FL

The Vista del Lago condominium complex consists of over 500 condos located north of the Roosevelt Bridge and west of Federal Hwy (US-1) in North Stuart.  This attractive complex is very conveniently located near shopping, restaurants and a quick drive to either downtown Stuart or Jensen Beach.  Just a few minutes more and you can be on the Ocean in either Stuart or Jensen Beach.

Vista del Lago in Stuart FL Vista del Lago in Stuart FL

Vista del Lago condos were first built in 1974 and the last one was completed in 1979.   All the buildings are two story and contain both 2 Bedroom, 2 Bath and 1 Bedroom 1 Bath units.  Sizes range from 1,014 sq. ft. of living space down to 631 sq. ft. 1 bedroom units.  Many of these condos have attractive water views as well as some with golf course views of the Pine Lakes Golf Club.

Vista del Lago in Stuart FL Vista del Lago in Stuart FL

There’s an active clubhouse with a large swimming pool as well as shuffleboard courts.  No pets are permitted in Vista del Lago and this is an age restricted (55+) community.  The HOA fees as of June 2016 were from the low $200’s for a 1 Bedroom unit to just under $300 per month for 2 Bedroom condos.

Search here for:

Vista del Lago Homes for Sale

Vista del Lago June 2016 Market Report

Tennis Villas June 2016 Market Report

06.05.16 by

Tennis Villas June 2016 Market Report

As of June 2016, there is only 1 condo for sale in the Tennis Villas.  This condo is listed for $269,000 which is $308.84 per sq. ft. of living area.  As of June 5, this condo has been on the market for 90 days.

There is one condo under contract which hasn’t closed to date.  This condo was listed for $245,000 or $281.29 per sq. ft. of living area.  This condo was on the market for 113 days before going under contract.

6 condos have sold in the past 12 months. Sales prices ranged from $210,000 to $267,000 with an average of $228,500 or $258.08 per sq. ft. of living area. These sales averaged 93% of listing price with an average days on market of 189 days.

Tennis Villas in Indian River Plantation

About Tennis Villas

For those looking to live in a resort setting with the beaches of the Atlantic Ocean close by as well as a full service Marina, golf course, restaurants and fitness facilities without paying the premium price of most resorts, then the Tennis Villas in Indian River Plantation might just be the place for you.

Tennis Villas in Indian River Plantation Tennis Villas in Indian River Plantation

The Tennis Villas are condos located just off the golf course and surrounded by the Atlantic Ocean to the east and the Indian River (Intracoastal) to the west. There are 92 units built in 1978 and 1979. They are all two bedroom and two bathroom condos with 871 sq. ft. of living area.  The Tennis Villas are pet friendly and will allow one pet.

 Tennis Villas in Indian River Plantation Tennis Villas in Indian River Plantation

The Tennis Villas are in an excellent location, just a short walk to the beach and there’s a courtesy tram that is available to take residents and guests around the sprawling facilities of the Marriott resort at Indian River Plantation. Just a short drive to the grocery store, historic downtown Stuart and the many, many amenities that Martin County FL has to offer.

 Hutchinson Island Real Estate

 

Search here for:

Tennis Villas Homes for Sale

Tennis Villas June 2016 Market Report

 

St Lucie Club Condos – June 2016 Market Report

06.03.16 by

St Lucie Club Condos – June 2016 Market Report

For early June 2016 there is only one available condo for sale in the St Lucie Club Condos (officially known as the Saint Lucie Club Apartment Homes Condo).  This condo is listed for $249,900 or $184.97 per sq. ft. of living area and has been on the market for 28 days.

There are no condos currently under contract.

In the past 12 months, 3 St Lucie club condos have sold. Sales prices were from $125,000 to $157,000 for an average sales price of $143,633 which equals $92.64 per sq. ft. of living area.  These condos went under contract in an average of 164 days and sold for an average of 102% of list price.

About the Saint Lucie Club Condos in Stuart Florida

Saint Lucie Club Condos in Stuart Florida

I’m sure you’ve heard the term “location, location, location” when it comes to real estate.  Well, the Saint Lucie Club Condos in Stuart FL is one of these places.  Close to everything, yet conveniently located on quiet Saint Lucie Blvd just north of East Ocean Blvd and west of Snug Harbor.

grounds2 Saint Lucie Club Condos in Stuart Florida

These condos consist of 3 elevator buildings with 52 total units that were built from 1982 to 1984.  Sizes range from 3 bedroom, 2 bathroom condos with 1,684 sq. ft. to 2 bedroom, 2 bathroom condos with either 1,488 or 1,351 sq. ft. of living area.   The Saint Lucie Club has under building parking for at least one car along with ample guest spaces on their lush landscaped grounds.  There’s also a community pool and shared tennis courts.

Saint Lucie Club Condos in Stuart Florida Saint Lucie Club Condos in Stuart Florida

At the time this was written (June, 2016) HOA fees ranged from $480 per month to $510, depending on the building and the size of the condo.  Rentals are permitted (with some restrictions) and pets (one small) are only permitted in one of the three buildings.

These spacious condos located in the heart of Stuart are close to downtown , shopping and the beaches and are highly sought after.

If any Saint Lucie Club Condos are on the market you can see them here.

St Lucie Club Condos – June 2016 Market Report

Sea Winds Condos June 2016 Market Report

06.02.16 by

Sea Winds Condos June 2016 Market Report

For June 2016 there are three condos available for sale in Sea Winds in Jensen Beach on Hutchinson Island.  List prices range from a low of $229,900 to a high of $309,000 for an average list price of $269,300 which equals $194.34 per sq. ft. of living area.  These condos have been on the market for an average of 86 days.

There is only 1 condo under contract.  This condo was listed for $310,000 or $225.95 per sq. ft. of living area and was on the market for 163 days before going under contract.

In the past year, four condos have sold in Sea Winds.  Sales prices ranged from $207,500 up to $270,000 for an average sales price of $241,875 which is $202.07 per sq. ft. of living area.  These four condos averaged 53 days on the market before going under contract and sold for an average of 96% of the last listed price.

About Sea Winds Condos:

Sea Winds Condos in Jensen Beach FL

The Sea Winds Condos of Jensen Beach on Hutchinson Island is a one of a kind 12 story building with 8 condos per floor for a total of 96, 2 bedroom, 2 bathroom residences that were originally built in 1983.  There are two end units for each side of the building with larger square footage and wrap around balconies with some magnificent views.  These units have a spacious 1,414 or 1,397 sq. feet of living area enclosed plus the additional balcony space.  The remaining four interior condos per floor feature 1,197 sq. ft. of living areas plus the balcony.

Sea Winds Condos in Jensen Beach FL Sea Winds Condos in Jensen Beach FL

The residents of Sea Winds enjoy private beach access, a heated pool and clubhouse with a large common area and kitchen, as well as a tennis court, vehicle wash area, BBQ area and additional storage.  Residents are allowed two pets not exceeding 15 lbs. each.   Rentals are also permitted with a minimum 3 month duration.

Sea Winds Condos in Jensen Beach FL

The condo association fees were $1,190 per quarter as of May 2016, making Sea Winds one of the most affordable on Hutchinson Island in Jensen Beach.  Sea Winds units don’t come on the market often as this is a highly desirable building.

Search here to see if any Sea Winds condos are available for Sale

Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you may wish to consider:
Admiral – Atlantis – Claridge – Dune Walk – Empress – Island Club –  Island Crest – Island Dunes – Islandia – Miramar – Miramar Royale – Ocean Dunes – Oceana North – Oceana Oceanfront – Oceana South – Ocean Towers – Oceanrise  – Ocean Bay Villas – Princess –  Regency – Sand Dollar Shores – Villa del Sol

Sea Winds Condos June 2016 Market Report

Royal Oak Towers May 2016 Market Report

05.31.16 by

Royal Oak Towers May 2016 Market Report

In May of 2016 there is only one available condo for sale in the Royal Oaks Towers of Stuart.  This condo is listed for $129,000 or $114.26 per sq. ft. of living area and has been on the market for a total of 269 days.

There is one condo under contract.  The list price was $123,500 which is $109.39 per sq. ft. of living area.  This condo was on the market for 137 days prior to going under contract.

In the past 12 months, one condo has sold.  The sales price was $100,000 which equals $88.57 per sq. ft. of living area.  This condo was on the market for only 15 days prior to going under contract and sold for 86% of the listed price.

About: Royal Oak Towers Condos in Downtown Stuart

Royal Oak Towers in Downtown Stuart FL

One of the best locations in Stuart FL.  This all ages condominium community is within walking distance of the Martin Memorial Hospital, Martin County Court House and School Headquarters as well as numerous medical and professional offices as well as the charming historical downtown Stuart area.

Royal Oak Towers in Downtown Stuart FL Royal Oak Towers in Downtown Stuart FL

This condominium complex consists of three adjoining buildings with only 18 units in total.  There are only two residences per floor for each building with under-building covered parking available for most owners.  All of the condos are 2 bedrooms and 2 bathrooms with a balcony and 1,129 sq. ft. of living area.  There are common laundry areas for each building, though many unit owners have installed washer and dryer units in their condos.

Royal Oak Towers in Stuart FL Royal Oak Towers in Downtown Stuart

Amenities include a barbecue area and pool in the back of the complex and a picturesque fountain out front.  There’s also a large sun deck that can be used for year round tanning or for parties.

The current association fees (April 2016) are $435.00 per month.  These fees include building maintenance, pool, common area charges, trash pickup, painting, roof repair, reserve funds.  All ages are welcome and up to one large pet is allowed.  This is also one of the rare condo associations that allow trucks and motorcycles.

These homes are typically in great demand, so please contact us if you want to be notified when a residence comes up for sale.

Click here to see if any Royal Oak Towers condos are currently available

Royal Oak Towers May 2016 Market Report

April 2016 Monthly Market Detail St Lucie County Townhouses and Condos

05.29.16 by

April 2016 Monthly Market Detail St Lucie County Townhouses and Condos

The April 2016 Monthly Market Detail St Lucie County Townhouses and Condos had a small increase in closed sales volume as compared to last year but a decrease in new pending sales.  Closed sales were up 2.9% from last year (was down 23.1% in March) while new pending sales decreased by 8.5% (was down by 7.5% in March).

The median sales price increased by 10.0% (was up by 9.2% in March) while the average sales price was up by 4.7% (decreased 2.8% in March).  This segment of the St Lucie real estate market has seen some price reductions in previous months.  Now, it’s back on the upward trend.

The inventory of available townhouses and condos decreased by 13 units from last month to 642 units, which is 8.1% greater than April 2015. The current supply of inventory dropped by a tenth of one percent to  6.5 months, which is 14.0% greater than last year.  The St Lucie County townhouses and condos market remains in basically a balanced market and leaning towards going into a buyers market. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

April 2016 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
April 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.

April 2016 Monthly Market Detail St Lucie County Townhouses and Condos

April 2016 Monthly Market Detail St Lucie County Single Family Homes

05.28.16 by

April 2016 Monthly Market Detail St Lucie County Single Family Homes

April 2016 Monthly Market Detail St Lucie County Single Family Homes continues to show a slightly weaker volume in closed sales and increased pending sales activity from last year.  Yet, this is still a very strong market.  Closed sales were down by 3.0% (in March they were up by 0.2%) and new sales under contract (new pending sales) increased by 7.6% (they were down by 4.7% last month).

And the prices continue their upward march.  Both the median and average sales prices up by 12.9% and 15.5% respectively from last April (For March these numbers were 19.4% and 16.2%).

Active listings fell by 103 homes to 1,719 homes.  This inventory is 11.2% greater than last year.  The current supply of homes is at 3.9 months (an 18.2% increase from last year). The St Lucie County single family home market remains in a strong sellers market, though not quite as super-heated as last year.

April 2016 Monthly Market Detail St Lucie County Single Family Homes

Click here to view or download the full report:
April 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.

April 2016 Monthly Market Detail St Lucie County Single Family Homes

April 2016 Monthly Market Detail Martin County Townhouses and Condos

05.27.16 by

April 2016 Monthly Market Detail Martin County Townhouses and Condos

April 2016 Monthly Market Detail Martin County Townhouses and Condos  had a small increase in closed sales, though future pending sales are lower.  Closed sales were up by 3.9% (was down by 11.2% in March) and new sales under contract (new pending sales) were down by 8.4% from April 2014 (decreased by 5.9% in March).

The median sales price was up by 19.1% (was up by 26.6% in March) while the average sales price increased by 28.9% (was up by 40.3% in March) as compared to April of 2015.  These are very impressive price gains and I just don’t know how long this can continue before it prices more buyers out of the Martin County real estate market

The inventory of available townhouses and condos increased by 12 units to 410 properties as compared to last month.  The first increase in two months. This is 2.4% below the April 2015 inventory.  Currently, there’s a 4.2 month supply of inventory (a 5.0% decrease from last year).  Still in a strong sellers market for townhouses and condos for Martin County.

April 2016 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
April 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.

April 2016 Monthly Market Detail Martin County Townhouses and Condos

Ocean Terrace Condos May 2016 Market Report

05.27.16 by

Ocean Terrace Condos May 2016 Market Report

For May 2016 there are no condos available for sale in the Ocean Terrace building in Indian River Plantation on Hutchinson Island in Stuart FL.

There are also no condos currently under contract.

In the past 12 months, 2 condos have sold in Ocean Terrace.  Sales prices were $128,000 and $165,409 for an average sales price of $146,705 or $146.56 per sq. ft. of living area.  Both of these were 1 bedroom condos.  Sale prices averaged 95% of the last list price and these condos averaged 176 days on market before going under contract.

About the Ocean Terrace Condominiums in Indian River Plantation

Ocean Terrace Condos in Indian River Plantation

The Ocean Terrace condos of Hutchinson Island in the Indian River Plantation complex of Stuart FL is a direct ocean front building.  These units were built in 1981 with units having either ocean views or sweeping golf course and lake views of the Indian River Plantation Golf Course

Ocean Terrace Condos in Indian River Plantation Ocean Terrace Condos in Indian River Plantation

There are 32 units with both two bedroom two bath condos of 1200 sq. ft. of living area and one bedroom one bath condos of 1001 sq. ft. of living area.  Ocean Terrace is a four story elevator building and has the convenience of under building parking for residents.  This is a pet friendly building with one large pet permitted for owners.

 Ocean Terrace Condos in Indian River Plantation

Current condo and management fees are around $700 per month.

Ocean Terrace Condos in Indian River Plantation Ocean Terrace Condos in Indian River Plantation

Indian River Planation 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.

Click here to view available Ocean Terrace Condos for Sale

The Marriott Resort at Indian River Plantation Features:

Indian River Plantation consists of numerous condominium associations and buildings.  All styles from Ocean front to River front and Golf and Tennis villas can be found here.  IRP is associated and co-located with the Marriott Resort and Marina.

Tucked away on Hutchinson Island, the Treasure Coast’s 16-mile lush barrier island, is a unique resort that greets guests with the warmth of true Southern hospitality.

The Hutchinson Island Marriott Beach Resort and Marina stretches across 200 acres of plantation landscape on Hutchinson Island, bordered on one side by the Atlantic Ocean and by the shimmering Indian River on the other side.

A newly remodeled lobby with sweeping draperies, plantation-style wood furnishings and tropical tones sets the stage for a magical golf getaway. This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.

Golfers of all skill levels will enjoy the challenging fairways and greens found in the area’s 12 courses. Plantation East, the resort’s own course, meanders throughout the island and is characterized by water on 17 of 18 holes. This 4,042-yard, par-61 executive course requires careful club selection and precision shot-making to overcome constantly changing ocean breezes.

This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.

Golfers of all skill levels will enjoy the challenging fairways and greens found in the area’s 12 courses. The Ocean Club, the resort’s own course, meanders throughout the island and is characterized by water on 17 of 18 holes. This 4,042-yard, par-61 executive course requires careful club selection and precision shot-making to overcome constantly changing ocean breezes.

The Hutchinson Island Marriott offers guests and residents two tiki bars and their Signature Restaurant, the Baha Grille. Thirteen Novagrass tennis courts, miles of unspoiled beaches, water sports, deep sea fishing, and a full-service 77-slip marina anchored on the Indian River round out a perfect vacation of sun and fun.

Resort amenities also include three heated pools with sun decks, game rentals from the Activities Hut, two outdoor spas and supervised activities for both children and teens.

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

Ocean Terrace Condos May 2016 Market Report

Dunes Club Condos May 2016 Market Report

05.26.16 by

Dunes Club Condos May 2016 Market Report

For May 2016 there is one condo available to purchase in the Dunes Club on Hutchinson Island.  The list price for this unit is $319,900 which equals $244.20 per sq. ft. of living area.  This condo has been on the market for 32 days.

There are no condos currently under contract in the Dunes Club.

And, in the past twelve months, two condos have sold.  Sales price were $305,000 and $360,000 for an average sales price of $332,500 or $274.81 per sq. ft. of living area.  These two condos sold for an average of 96% of list price and went under contract in an average of 31 days after being listed.

About the Dunes Club Condos on Hutchinson Island

Dunes Club Condos on Hutchinson Island

The Dunes Club Condos of Hutchinson Island just outside of the Indian River Plantation complex of Stuart FL is an oceanfront complex of spacious townhome style condos.  These units were built in 1974. There are 18 residences; all are 2 bedroom and 3 bath condos with 1,310 sq. ft. of living area.

Dunes Club Condos on Hutchinson Island

There is ample parking for all as well as a private swimming pool.  The management fees at the time of this writing are $1,825 per quarter.

Dunes Club Condos on Hutchinson Island

Though not actually a part of the Indian River Plantation, residents can join the beach club and enjoy the amenities which 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.

Dunes Club Condos on Hutchinson Island

Click here to view available Dunes Club Condos for Sale

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

Dunes Club Condos May 2016 Market Report

April 2016 Monthly Market Detail Florida Townhouses and Condos

05.25.16 by

April 2016 Monthly Market Detail Florida Townhouses and Condos

The April 2016 Monthly Market Detail Florida Townhouses and Condos is beginning to show some slower activity tahn in past years drifting out of a sellers market and currently in a balanced one.  Closed sales were down by 5.3% as compared to last months decrease of 7.1% and new sales under contract (new pending sales) decreased by 5.7% (In March there was a 10.1% decrease).  While on the single family side of the Florida real estate market this decrease in volume can be attributed to inventory, for condos and townhouses it appears to be strictly price related as the inventory has been gaining in the past few months.

Inexplicably, prices continue to rise, though at a slower pace than for the past few years.  The median sales price was up by 4.4% (up by 3.3% in March), while the average sales price increased by 2.9% (was down 3.9% in March).  Should the inventory continue to rise with slow sales, I expect these price increase to shrink in the near future.

The inventory increased by 7.5% from April of last year.  For April 2016 we have 6.3 months of inventory (was also 6.3 months in March) and compared to 5.9 for April 2015.  We are currently in a balanced market for Florida townhouse and condo sales.

April 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:
April 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.

April 2016 Monthly Market Detail Florida Townhouses and Condos

Bay Colony of Stuart May 2016 Market Report

05.25.16 by

Bay Colony of Stuart May 2016 Market Report

For May of 2016 there is one home for sale in the Bay Colony of Stuart. This home is listed for $649,000 which is $207.88 per sq. ft. of living area.  This home has been on the market for 141 days.

There is also one home under contract which has not closed at the time this report was written.  The list price is $775,000 or $212.27 per sq. ft. of living area.  This home was on the market for 84 days prior to going under contract.

And, in the past twelve months one home sold in the Bay Colony of Stuart with a sales price of $1,275,000 which equals $254.14 per sq. ft. of living area.  This home was on the market for 83 days prior to going under contract and sold for 85% of list price.

About the Bay Colony of Stuart

The Bay Colony of Stuart is an exclusive gated community lying on the shores of the North Fork of the Saint Lucie River.  There are 34 home sites in Bay Colony and as of February 2015 only two vacant lots remain.

Bay Colony of Stuart

Many homes in Bay Colony are waterfront and enjoy gorgeous mile long wide open views of the river.  Homes come in sizes from 3 bedroom, 2 bathroom homes of just over 2,000 sq. ft. of living area up to a 5 bedroom, 5 bathroom home with over 5,000 sq. ft. of living space and almost 6,300 sq. ft. under roof.  Homes have been built from 1979 to the newest which was completed in 2005.

Bay Colony of Stuart

This community enjoys low HOA fees of only $775 per year which go towards maintaining the common areas and gate (current as of October 2015).

Bay Colony of Stuart

Excellent location that’s close to the Treasure Coast Mall and the shopping areas of US-1 in Jensen Beach as well as only a few minutes to the beaches of the Atlantic Ocean.

This community is in the Martin County School system and children attend the Felix Williams Elementary, Stuart Middle and Jensen Beach High Schools.

You can search this link for any available Bay Colony of Stuart Homes for Sale

Bay Colony of Stuart May 2016 Market Report