Real Estate in and around Stuart Florida
Click the image below to view the full details of the Florida single family home market report data as reported by Florida Realtor for the 2’nd quarter of 2016.
View the entire set of data at GabeSanders.com
For July 2016 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 3 active condo listings. (Down by 1 condos from June)
6 Condos are pending and awaiting close. (Unchanged in pending condos from June)
3 Condos sold in July. (The same number of closed sales from June)
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 July, 2016 the absorption rate is 1 month (it was 1.3 months in June). 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 July 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 July 2015 numbers were: 3 active listings, 6 pending sales and 1 closed sales. Very similar numbers to last year with better closed sales for 2016..
Hobe Sound Florida Real Estate presented by:
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For July 2016 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 192 active listings. (Down by 1 homes from June)
83 Residential sales are pending and awaiting close (Down by 17 homes from June)
46 Homes Sold in July (Down by 8 homes from last month)
The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues perform strongly though signs of reduced activity are showing up as the inventory increases and pending sales decrease.
The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 4.2 months (3.6 months in June). Still a sellers market for Hobe Sound residential sales. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.
The numbers for July 2015 were: 163 active listings, 90 pending sales and 55 closed sales. Better activity last year with less inventory to work with. A somewhat slower market for Hobe Sound this year compared with last year.
Stuart Florida Real Estate presented by:
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For July 2016 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
There are currently 112 active listings. (Increased by 90 condos from June)
46 Condo sales are pending and awaiting settlement. (Up by 32 condos from June)
27 Condos Sold (Up by 24 condos from June)
For the Jensen Beach FL 34957 Condo Market Report July 2016 a change in our MLS sampling database includes a greater number of condos located in this zip code that are on Hutchinson Island in Saint Lucie county as well as mainland Jensen Beach.
The one month absorption rate for the July 2016, Jensen Beach Florida Market Report ZIP Code 34957 dropped to 4.1 months (from 7.3 months in June), bringing Jensen beach condos back into a sellers’ market. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.
The July 2015 numbers were: 25 active listings, 13 pending sales and 3 condos closed. We had a change in reporting datsa and we are now including all condos in the 34957 zip code which increases the sampling data base, so the comparisons from last year are not valid.
Jensen Beach Florida Real Estate presented by:
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For July 2016 in the 34957 Zip Code area of Jensen Beach, Florida :
There are currently 164 active listings. (Up by 65 homes from last month)
66 Residential sales are pending and awaiting close or lender approval. (Decreased by 4 homes from June)
56 Homes Sold (Up by 19 home sales from June)
All Residential properties for sale in the 34957 Zip Code area of Jensen Beach FL
Jensen Beach Florida Real Estate presented by:
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For July 2016 in the 34990 Zip Code area of Palm City, Florida :
There are currently 60 active condo listings. (Decreased by 5 condos from June)
7 Condo sales are pending and awaiting close or lender approval. (Up by 3 condos from last month)
3 Condos Sold in July. (Down by 4 condos from June)
The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. Condo sales were off considerably for July. Not totally unexpected as typically the summer months are the slow time for Palm City condo sales.
Palm City Florida Real Estate presented by:
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For July 2016 in the 34990 Zip Code area of Palm City Florida :
There are currently 383 active listings (Increased by 21 homes from June)
120 Residential sales are pending and awaiting close or lender approval. (Down by 48 homes from last month)
83 Homes Sold in June (Up by 7 homes from June)
The July 2015 numbers were: 363 active listings, 162 pending sales and 71 closed sales. We have just surpassed last year’s inventory numbers and have slightly better closed sale numbers, unfortunately not so strong with the pending sales.
All Palm City Residential Properties for Sale
Palm City Florida Real Estate presented by:
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For July 2016 in the 34997 Zip Code area of Stuart, Florida :
There are currently 73 active condo listings (Down by 1 condos from June).
25 Condo sales are pending and awaiting close or lender approval (Down by 2 condos from June).
10 Condos Sold in July (Decreased by 14 condos from June).
Stuart Florida Real Estate presented by:
Gabe Sanders
A large heated pool and two professional tennis courts adjoin the spacious clubhouse that has party and banquet facilities available for residents to use.
Numerous small lakes and lush landscaping make Holly Creek a desirable place to call home or a possible vacation retreat from those cold northern winters.
Holly Creek features 2 bedroom townhomes, 3 bedroom villas, 3 bedroom chalet homes all with a single car garage and additional parking. There are also a limited number of estate homes in the rear of Holly Creek which have 2 car garages, larger floor plans and individual designs.
Search for Holly Creek Homes and Town Homes for Sale
the Gabe Sanders real estate team Jensen Beach Florida Real Estate
Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties
There are currently 299 active listings (No change from June).
159 Residential sales are pending and awaiting close or lender approval (Down by 24 homes from June).
86 Homes Sold in July (Decreased by 39 homes from June)
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
For July 2016 in the 34996 Zip Code area of Stuart, Florida :
There are currently 120 active condo listings (Up by 46 condos last month).
33 Condo sales are pending and awaiting close or lender approval (Increased by 6 condos from June).
16 Condos Sold in July (Decreased by 5 condos from June)
The Stuart FL 34996 Condo Market of Stuart regained the lost inventory from last month while showing a little weakness in closed sales. This is not uncommon for the summer months for Florida condo sales.
The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 7.5 months from June’s 3.5 months. Into a slight sellers’ market for July. A balanced market is considered to occur when the absorption rate is from 6 to 7 months.
The numbers for July 2015 were: 92 active listings, 42 pending sales and 16 closed sales. An equal number of closed sales from last year though we have less pending sales on a larger inventory of condos for this year..
Stuart Florida Real Estate presented by:
Gabe Sanders
For July 2016 in the Stuart Florida Market Report ZIP Code 34996 Florida :
There are currently 151 active listings (Down by 7 homes from June).
27 Residential sales are pending and awaiting close or lender approval (Down by 16 homes from June).
24 Homes Sold in July (Decreased by 2 homes from June).
The 34996 zip code area of the Stuart Florida residential real estate market continues to be a strong market. Just a bit weaker than last month, but still slid and an improvement from last year.
The one month absorption rate for the 34996 zip code area of Stuart Florida for July increased to 6.3 months as compared to June’s 6.1 months. Still basically a balanced market for the 34996 zip code area of Stuart FL. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.
The numbers for July of 2015 were: 135 active listings, 34 pending sales and 11 closed sales. We have a greater inventory this year along with increased market activity.
Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team
For July 2016 in the 34994 Zip Code area of Stuart, Florida :
There are currently 74 active condo listings (Down by 2 condos from June).
29 Condo sales are pending and awaiting close or lender approval. (Decreased by 1 condos from last month)
10 Condos Sold in July (Down by 17 condos from June).
The Stuart FL 34994 Condo market entered the summer doldrums for the month for July of 2016. Closed sales were down significantly while pending sales remained strong on reduced inventory levels.
The absorption rate for July jumped to 7.4 months compared to last month’s 2.8. Popping back into a buyers’ condo segment of Stuart’s 34994 zip code area. This is not totally unexpected as condo sales often slow down during the summer months. 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 July the numbers were 84 active listings, 23 pending sales, and 20 closed sales. Better closed numbers for 2015, but pending sales are a bit better this year and it’s with less inventory.
Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team
For July, 2016 in the 34994 Zip Code area of Stuart, Florida :
There are currently 70 active listings (Unchanged from June)
33 Residential sales are pending and awaiting close or lender approval (Increased by 1 homes from last month).
18 Homes Sold in June (Up by 1 homes from June)
The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continued the summer with strong activity for July with positive future activity (pending sales) and also an increase in closed sales. Though, the reduced inventory is a potential problem.
The one month absorption rate for the 34994 zip code for July decreased to 3.9 months from 4.1 months for June. Still in a 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 July 2014 numbers were 62 Active Listings, 32 pending sales and 16 closed sales. Slightly better sales numbers for this year when compared to July of 2015.
Search here for Stuart Florida Real Estate for Sale
Stuart Florida Real Estate presented by:
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Stuart Florida Market Report ZIP Code 34994 Residential July 2016
Sewalls Point Single Family Market Report July 2016
Sewalls Point Real Estate Snapshot, Residential Sales for July 2016
There are currently 69 active listings (Down by 7 homes since last month)
11 home sales are pending and awaiting close or lender approval (Increased by 6 homes from June)
2 Homes sold in July (Decreased by 17 home sales from June)
The single family real estate market in Sewalls Point for July showed a big decrease in closed sales for July. Pending sales look good, however, and I expect these sales figures to improve in the coming months. The inventory of available homes is up from last year but down from last month.
The current absorption rate exploded to 34.5 months, in June it was 7.6 months. An unfortunate slowdown for Sewall’s point, but possibly an opportunity for buyers. 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 July of 2014, the inventory was 58 homes on the market, 12 pending sales and there were 5 closed sales. Better numbers last year, even though we have a greater inventory now.
The June 2016 Monthly Market Detail St Lucie County Townhouses and Condos showed continued strong closed sales activity. Closed sales were up 5.7% from last year (was up 19.0% in May) while new pending sales unfortunately decreased by 14.8% (was up by 13.6% in May).
Prices continued to rise with the median sales price increasing by 23.6% (was up by 3.6% in May) while the average sales price increased by 1.4% (decreased 2.9% in May). 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 39 units from last month to 566 units, which is only 0.2% greater than June 2015. The current supply of inventory dropped to 5.6 months, which is equal to last year. The St Lucie County townhouses and condos has once again swung back into a sellers market. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.
Click here to view or download the full report:
June 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.
June 2016 Monthly Market Detail St Lucie County Single Family Homes is bucking the trend from the rest of Florida and it’s neighbor to the south with continued increased activity as compared to last year. Closed sales were up by 8.9% (in May they were up by 11.2%) and new sales under contract (new pending sales) increased by 2.2% (they were up by 7.7% last month).
The prices for June are continuing with strong appreciation as well. Both the median and average sales prices up by 12.8% and 19.2% respectively from last June (For May these numbers were 15.6% and 15.2%).
Active listings fell by 112 homes to 1,516 homes. This inventory is still 1.7% greater than last year. The current supply of homes is at 3.4 months (an 6.2% increase from last year). The St Lucie County single family home market remains in a hot sellers market.
Click here to view or download the full report:
June 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.
June 2016 Monthly Market Detail Martin County Townhouses and Condos is giving us some mixed signals with closed sales off from last year but a very strong month for new pending sales.. Closed sales were down by 5.0% (was down by 5.1% in May) and new sales under contract (new pending sales) were up by 39.1% from June 2014 (decreased by 5.4% in May).
Another month of mixed signals with prices as the median sales price increased by 5.7% (was down by 0.4% in May) while the average sales price decreased by 5.4% (was up by 6.7% in May) as compared to June of 2015. I’ve been predicting some sort of moderation in the rate of price increases and this appears to have happened.
The inventory of available townhouses and condos decreased by 36 units to 381 properties as compared to last month. The first monthly decline after two months of increases. This is 1.0% below the June 2015 inventory. Currently, there’s a 3.9 month supply of inventory (an 8.3% increase from last year). Still in a strong sellers market for townhouses and condos in Martin County.
Click here to view or download the full report:
June 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.
There are currently 6 active listings in the Monarch Country Club. List prices range from $219,900 up to $599,000 for an average list price of $365,983 which works out to $172.25 per sq. ft. of living area. As of July 29 these homes have been on the market for an average of 59 days.
There are 6 homes under contract which have not yet closed in Monarch. List prices range from $239,900 to $539,900 for an average of $391,267 or $165.48 per sq. ft. of living area. These homes were on the market for an average of 88 days before going under contract.
In the past year (12 months back), 35 homes have sold in the Monarch Country Club. Sales prices ranged from a low of $209,500 up to $585,000 for an average sales price of $373,083 or $155.26 per sq. ft. of living area. These homes sold on average at 95% of the last list price and were on the market for an average of 67 days before going under contract.
One of Palm City’s premier neighborhoods, Monarch Country Club is home to the ‘Monarch’ Golf Course in a wonderful gated community of approximately 500 homes.
Homes in the Monarch Country Club range in size from estate sized homes with over 3,800 sq. ft. of living area and up to 5 bedrooms and 4 bathrooms with 3 car garages down to smaller attached villas with a more modest 1,300 sq. ft. of living area and 2 bedrooms, 2 bathrooms and a 2 car garage. For those living in the Monarch Country Club, membership in the golf club is not mandatory and there are a number of social memberships also available including tennis and community pool memberships.
As of July 2016, the HOA fees (not including golf or social) ranged from just under $400 up to $450 a month depending on the size and the section of Monarch the home is located in. All ages and pets are welcome in Monarch and children are currently zoned to attend the Bessey Creek Elementary School, Hidden Oaks Middle School and Martin County High School.
This community is well located in Palm City close to Florida’s Turnpike for commuters and with easy access to shopping, restaurants, medical facilities and the many boat ramps and waterways in Martin County.
The championship course at Monarch boasts 6,867 yard par 72 with a slope of 133 and a rating of 73.6. Shorter options exist for all levels of play. This is an Arnold Palmer designed course that opened in 1987 and is currently managed as a ClubCorp facility.
There’s a beautiful clubhouse with pro shop, fine dining room, snack bar and outside bar that is open to club members and residents of Monarch Country Club. The two story structure offers beautiful views of the emerald green fairways of the ‘Monarch’ course at the Monarch Country Club. This fine facility is also available for business, social conferences and weddings. Adjacent to the clubhouse is a professional caliber tennis facility with six perfectly maintained, lighted Har-Tru courts. A full-service Pro Shop is available to suit all of your needs. Lessons, groups, tournaments are all accommodated by the friendly staff.
Currently there are a number of fine homes available for sale in the Monarch Country Club, ranging from smaller attached villas to larger estate homes with magnificent lake and golf course views.
Here are the currently available Monarch Country Club Homes for Sale
