January 2016 Monthly Market Detail Florida Single Family Homes

January 2016 Monthly Market Detail Florida Single Family Homes

The January 2016 Monthly Market Detail Florida Single Family Homes is showing a slower growth rate than last year.  Closed sales were up by 2.7% (was up by 2.9% in December) and new sales under contract (new pending sales) were down by 11.3% (was down by 1.4% in December).  The lower number of new pending sales is a bit troubling for future closed sales.

Both median and average sales prices continue to rise ( January 2015 to January 2016) by 13.7% and 6.3% respectively, compared to December’s 11.6% and 7.7%.  Still showing some very healthy price increases.

The inventory of available homes for sale fell by 6.2% from last year.  Some high demand areas of Florida have seen decreasing inventory for a number of months now.  For January there was only a 4.5 months supply of inventory, Florida remains in a sellers market with the advantage for sellers. (January of 2015 had a 5.3 month supply)

January 2016 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:

January 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.

January 2016 Monthly Market Detail Florida Single Family Homes

Gull Harbor February 2016 Market Report

Gull Harbor February 2016 Market Report

There are currently 3 homes for sale in Gull Harbor.  List prices range from $524,900 to $999,900 for an average of $799,705 or $345.17 per sq. ft. of living area.

Currently, there are no homes under contract in this community.

In the past 12 months, there have been three sales in Gull Harbor.  Sales prices ranged from $725,000 to $1,100,000 which equals $298.03 per sq. ft. of living area.  These sales averaged out to 92% of the last list price and went under contract in an average of 170 days.

About Gull Harbor Real Estate in Palm City FL

The Gull Harbor community of Palm City consists of mostly waterfront homes on the shores of the South Fork of the Saint Lucie River as well as an exceptionally wide and deep canal off the river.  This is a non-gated neighborhood with 43 homes and no HOA or deed restrictions.  Of these 43 homes, only 4 do not have access to a dock in their backyards.

The first home built in Gull Harbor was in 1961 and the last was completed in 2014.  There is one residential lot left in Gull Harbor that has not been built upon.  Homes range in size from as small as just over 1,300 sq. ft. of living area with 3 bedrooms and 2 bathrooms up to a 5 bedroom, 3 bathroom home with just under 5,000 sq. ft. of space for living area.

Gull Harbor real estate in Palm City FL

Children attend Bessey Creek Elementary, Hidden Oak Middle and Martin County High Schools.  All of which are considered to be excellent schools in Florida.

Gull Harbor real estate in Palm City FL

Gull Harbor lies just east of Mapp Rd (North of Martin Downs Blvd), see the map below.  Very convenient location with easy access to downtown Stuart, FL or Florida’s Turnpike for commuters and with many choices for shopping, entertainment and other amenities close by.

Click on this link to search for available Gull Harbor Homes for Sale

Hobe Sound FL 33455 Condo Market Report January 2016

Hobe Sound FL 33455 Condo Market Report January 2016

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

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

There are currently 6 active condo listings. (Increased by 2 condos from December)

Hobe Sound FL 33455 Condo Market Report January 2016

2 Condos are pending and awaiting close. (Up by 1 condos from December)

Hobe Sound FL 33455 Condo Market Report January 2016

No Condos sold in December (Down 1 condos from December)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  2016 began with a whimper for Hobe Sound condos with no sales.  We did have small improvements in both the inventory and pending sales.

No possible absorption rate number for this month with zero sales, for December of 2015 it was 4 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 January 2015 numbers were: 17 active listings, 3 pending sales and 3 closed sales.  Much better activity last year with considerably more inventory to work with.

Search Hobe Sound Condominium Properties by Price

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Hobe Sound FL 33455 Condo Market Report January 2016

Another Islandia Condo Sold

Another Islandia Condo Sold

Islandia Condo on Hutchinson Island in Jensen Beach

Updated corner unit on the north east side of the 14th floor in Islandia building 1 has been sold by the Gabe Sanders BlueWater realty team for $500,000.

Islandia Condo on Hutchinson Island in Jensen Beach Islandia Condo on Hutchinson Island in Jensen Beach

Enjoy dual northeast views of both the beach and sunset lit intracoastal from this incredible 14th floor end unit. Everything from the studs out has been renovated (upgrades totaling $136,000!) and now the owner is being transferred, leaving the exquisite details for you to enjoy.  Finishes hand selected by a professional designer with a modern beach house vibe accented by chic industrial touches.  New electric and plumbing, all appliances including kitchen, wine cooler,AC unit and on-demand hot water heater. Stunning wood-like tile floors, top grade cabinets and granite all surrounded by a serene neutral color palette. This unit boasts an extra large split floor plan and the high end furniture will be included in the sale.

Islandia Condo on Hutchinson Island in Jensen Beach Islandia Condo on Hutchinson Island in Jensen Beach

The Islandia Condos of Jensen Beach

Islandia Condos of Jensen Beach

The Islandia Condos of Jensen Beach on Hutchinson Island consist of two 20 story buildings that were built in 1982. There are 388 total residences in these two buildings which are called Islandia I and II. Very conveniently located to the north of the Jensen Beach Causeway, and is just a short drive away from downtown Jensen Beach, shopping and restaurants.

Islandia Condos of Jensen Beach Islandia Condos of Jensen Beach

Condos in Islandia come in large 3 bedroom, 3 bathroom units with 1,929 sq. ft. of living area plus balconies and 3 bedroom, 2 bathroom units with 1,544 sq. ft. as well as 2 bedroom, 2 bath condos with either 1,437 or 1,228 sq. ft. Islandia residents enjoy wonderful amenities that include 2 Oceanside pools, private beach access, BBQ grilling area, Jacuzzi, tennis and bocce courts, and overflow parking with trailer and RV parking spaces. Interior facilities include a large social area with bar and kitchen, billiards, fitness center and steam sauna. There is an office with on-site management and 24 guard gated security.

Islandia Condos of Jensen Beach Islandia Condos of Jensen Beach

Islandia I does not allow pets, while those in Islandia II are allowed one pet under 30 lbs. Both buildings allow rentals with restrictions. The condo association fees at the time this is being written are from $1,420 to $1,950 per quarter.

Islandia Condos of Jensen Beach Islandia Condos of Jensen Beach

Those looking for a friendly beach community on Hutchinson Island in Jensen Beach should take a look at the Islandia Condo offerings.

Islandia Condos of Jensen Beach Islandia Condos of Jensen Beach

Click here for currently available Islandia Condos 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  Miramar  Miramar Royale  Ocean Dunes  Oceana North  Oceana Oceanfront  Oceana South  Ocean Towers  Oceanrise  – Ocean Bay Villas  Princess –  Regency Sand Dollar Shores  Sea Winds  Villa del Sol

 

Hobe Sound FL 33455 Residential Market Report January 2016

Hobe Sound FL 33455 Residential Market Report January 2016

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

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

There are currently 212 active listings. (Up by 25 homes from December)

Hobe Sound FL 33455 Residential Market Report January 2016

76 Residential sales are pending and awaiting close  (Up by 15 homes from December)

Hobe Sound FL 33455 Residential Market Report January 2016

35 Homes Sold in January (Down by 5 homes from last month)

Hobe Sound FL 33455 Residential Market Report January 2016

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues to show mostly positive and strong results with a nice increase in inventory (second month in a row) as well as a healthy increase in pending sales.  Unfortunately closed sales were slightly down for the beginning of the new year.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 6.1 months (4.7 months in December).  Back into a balanced market for January after last months sellers market, which is where I expect it will be again next month.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for January 2014 were:  249 active listings, 79 pending sales and 46 closed sales. Slightly better numbers for the beginning of last year, but with reduced inventory this year the percentages are actually superior for the current month.

Hobe Sound FL 33455 Residential Market Report January 2016

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Hobe Sound FL 33455 Residential Market Report January 2016

Jensen Beach FL 34957 Condo Market Report January 2016

Jensen Beach FL 34957 Condo Market Report January 2016

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

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



There are currently 39 active listings. (Increased by 2 condos from December)

Jensen Beach FL 34957 Condo Market Report January 2016

19 Condo sales are pending and awaiting settlement. (Increased by 7 condos from December)

Jensen Beach FL 34957 Condo Market Report January 2016

6 Condos Sold (Decreased by 5 condos from December)

Jensen Beach FL 34957 Condo Market Report January 2016

 The Jensen Beach FL 34957 Condo Market Report January 2016 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  Sales were off for the first month of 2016 while both the inventory and pending sales showed improvement.

The one month absorption rate for the January 2016, Jensen Beach Florida Market Report ZIP Code 34957 increased to 6.5  months (from 5.3 months in December), bringing this segment of the Martin County condo market back into a balanced market again, after one month as a sellers market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The January 2015 numbers were: 40 active listings, 19 pending sales and 9 condos closed.  Other than fewer closed sales for this year, identical numbers from 2015.

Jensen Beach FL 34957 Condo Market Report January 2016

Jensen Beach Condominium Properties by Price

 

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Jensen Beach FL 34957 Condo Market Report January 2016

Jensen Beach FL 34957 Residential Market Report January 2016

Jensen Beach FL 34957 Residential Market Report January 2016

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

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

 There are currently 137 active listings. (Up by 16 homes from last month)

Jensen Beach FL 34957 Residential Market Report January 2016

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

Jensen Beach FL 34957 Residential Market Report January 2016

30 Homes Sold (Increased by 2 homes from December)

Jensen Beach FL 34957 Residential Market Report January 2016

The Jensen Beach FL 34957 Residential Market had a welcome rise in inventory to begin the new year.  Unfortunately, pending sales were off slightly while the number of closed sales was just 2 homes higher than the end of 2015.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 4.6 months (was 4.3 months in December).  Remaining in a sellers market.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The January 2015 numbers were: 153 active listings, 65 pending sales and 28 home sales closed.   When factoring in the lower inventory for this year, market activity by percentage was better for 2016.
Jensen Beach FL 34957 Residential Market Report January 2016

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Jensen Beach FL 34957 Residential Market Report January 2016

Four Winds on the River Condo February 2016 Market Report

Four Winds on the River Condo February 2016 Market Report

There is only one condo currently available for sale in Four Winds on the River in Stuart FL.  This condo is listed for $229,000 or $168.51 per sq. ft. of living area.

There are no condos currently under contract.

In the past 12 months, 4 condos have sold in Four Winds.  Sales prices ranged from $165,000 to $215,000 for an average sales price of $185,000 which equals $136.80 per sq. ft. of living area.  These condos sold for an average of 93% of the last listed price and averaged 115 days on market prior to accepting these offers.

A wonderful small condo community on the shores of the wide Saint Lucie River in Stuart, FL, Four Winds on the River was built in 1981 and has seen some major updates and upgrades in recent years.  Only 39 units with the availability of two guest suites if needed by residents.  All of these condos are 2 BR with the exception of 1 one bedroom unit.  Sizes are very generous from 1,900 to 1,350 sq. ft. of living area.

Four Winds on the River real estate Four Winds on the River real estate

There are ocean access docks suitable for up to a 50′ vessel available for lease.  A large riverfront clubhouse with kitchen and ample common areas for events, get-togethers or large parties.  Two tennis courts and a heated swimming pool.  Four Winds on the River has covered car ports for each condo along with ample guest parking.  This is a gated community and the common areas are shared with the small and exclusive community of Snug Harbor West.

Four Winds on the River real estate

The location is exceptional as it is only minutes to the beaches, shopping, medical facilities and downtown Stuart.

Four Winds on the River real estate

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Palm City FL 34990 Condo Market Report January 2016

Palm City FL 34990 Condo Market Report January 2016

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

 

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



There are currently 64 active condo listings. (Increased by 12 condos from December)

   Palm City FL 34990 Condo Market Report January 2016

9 Condo sales are pending and awaiting close or lender approval. (No change in pending condos from last month)

Palm City FL 34990 Condo Market Report January 2016

2 Condos Sold in January. (Down by 2 condos from December)

Palm City FL 34990 Condo Market Report January 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  To begin 2016, this segment of the market had a nice increase in inventory, unfortunately a decrease in closed sales and no increase in pending sales.

The current absorption rate for condos in the 34990 zip code area is an atrocious 34 months (was 13 months in January).   A very serious buyers market for Palm City condos.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The January 2015 numbers were: 59 active listings, 12 pending sales and 3 closed sales.   Interestingly the inventory for 2016 is now higher than it was for the first month of 2015.  One of the only segments of our market that has this.  Unfortunately, activity is weaker this year as well.
Palm City FL 34990 Condo Market Report January 2016

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Palm City FL 34990 Condo Market Report January 2016

Palm City FL 34990 Residential Market Report January 2016

Palm City FL 34990 Residential Market Report January 2016

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

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

 

There are currently 400 active listings (Increased by 25 homes from December)

Palm City FL 34990 Residential Market Report January 2016

 156 Residential sales are pending and awaiting close or lender approval. (Increased by 42 homes from last month)

Palm City FL 34990 Residential Market Report January 2016

49 Homes Sold in December (Decreased by 11 sold homes from December)

Palm City FL 34990 Residential Market Report January 2016

The Palm City FL, zip code 34990, residential real estate market had a strong increase in inventory as well as pending sales to begin the year.  Unfortunately sales were off as compared to last month, but I expect this to be only short term as the increase in the under contract numbers should result in more closed sales for the coming months.
 The current absorption rate increased to to 8.2 months from 6.3 months in December.  Back into a buyers 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 January 2015 numbers were:  443 active listings, 158 pending sales and 55 closed sales.  Slightly higher closed sales last year but it was with less inventory.  Pending sales are just about the same even with the lower number of available Palm City homes for sale.

Palm City FL 34990 Residential Market Report January 2016

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Palm City FL 34990 Residential Market Report January 2016

Stuart FL 34997 Condo Market Report January 2016

Stuart FL 34997 Condo Market Report January 2016

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

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

There are currently 79 active condo listings (Up by 16 condos from December).

Stuart FL 34997 Condo Market Report January 2016

29 Condo sales are pending and awaiting close or lender approval (Increased by 10 condos from December).

Stuart FL 34997 Condo Market Report January 2016

8 Condos Sold in January (Decreased by 13 condos from December).

Stuart FL 34997 Condo Market Report January 2016

     The Stuart FL condo market for zip code 34997 started off 2016 with a slow start.  While both the inventory and pending sales increased (a good sign for future activity), closed sales too a dive for January.
     The one month absorption rate plunged to 3 months from 9.9 months for December.  Back into a buyers market after last months sellers market. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The January 2014 numbers were: 44 active listings, 17 pending sales and 11 closed sales.  Unfortunately, with a growing inventory this year as compared to 2015, sales activity did not come even close to last year, though this years pending activity is stronger.

Stuart FL 34997 Condo Market Report January 2016

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

Stuart FL 34997 Residential Market Report January 2016

Stuart FL 34997 Residential Market Report January 2016

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

There are currently 299 active listings (Decreased by 9 homes from December).

Stuart FL 34997 Residential Market Report January 2016

156 Residential sales are pending and awaiting close or lender approval (Decreased by 7 homes from December).

Stuart FL 34997 Residential Market Report January 2016

88 Homes Sold in January (Increased by 16 homes from December)

Stuart FL 34997 Residential Market Report January 2016

      The Stuart Florida Residential Market for ZIP Code 34997 continues as the largest and the strongest segment of the Martin County single family real estate market.  We have seen an unfortunate continuation of a decrease in inventory which is going to effect future sales unless this trend reverses.
     The current one month absorption rate remained almost the same at 3.4  months (was 5.0 months for December).  Even a stronger sellers market for the 34997 segment of the Stuart residential market for the beginning of 2016.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2014 numbers for January, were: 348 active listings, 198 pending listings and 76 closed sales.  Even with considerably less inventory, closed sale for 2016 were ahead of last years numbers.
Stuart FL 34997 Residential Market Report January 2016

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Stuart FL 34997 Residential Market Report January 2016

Stuart FL 34996 Condo Market Report January 2016

Stuart FL 34996 Condo Market Report January 2016

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

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

There are currently 123 active condo listings (Up by 21 condos last month).

Stuart FL 34996 Condo Market Report January 2016

37 Condo sales are pending and awaiting close or lender approval (Increased by 6 condos from December).

Stuart FL 34996 Condo Market Report January 2016

11 Condos Sold in January (Decreased by 7 condos from December) 

Stuart FL 34996 Condo Market Report January 2016

The Stuart FL 34996 Condo Market of Stuart started out 2016 with pretty weak numbers as compared to both last year and last month.  Sales declined for January, while pending sales were up but still no where near as strong as last year’s numbers.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 decreased to 11.2 months from December’s 5.7 months.  A major jump into a buyers market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for January 2014 were: 125 active listings, 60 pending sales and 23 closed sales.  Much stronger activity last year as compared to 2016.

Stuart FL 34996 Condo Market Report January 2016

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Stuart FL 34996 Condo Market Report January 2016

Stuart FL 34996 Residential Market Report January 2016

Stuart FL 34996 Residential Market Report January 2016

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

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

There are currently 160 active listings (Down by 10 homes from December).

Stuart FL 34996 Residential Market Report January 2016

42 Residential sales are pending and awaiting close or lender approval (Up by 18 homes from December).

Stuart FL 34996 Residential Market Report January 2016

10 Homes Sold in January (Decreased by 2 homes from December).

Stuart FL 34996 Residential Market Report January 2016

The 34996 zip code area of the Stuart Florida residential real estate market had a drop in sales and inventory for the beginning of the year.  The good news is the big jump in pending sales which should result in better closed sale numbers in the following months.

The one month absorption rate for the 34996 zip code area of Stuart Florida for January increased to 16 months as compared to December’s 14.2 months.  Still a strong buyers market for this section of Martin County, but this number should improve when the strong pending numbers translate into sales.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for January of 2014 were: 160 active listings, 41 pending sales and 7 closed sales.  Similar activity when compared to 2015, though with a slight edge to to this year’s numbers with slightly better activity.

Stuart FL 34996 Residential Market Report January 2016

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

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Stuart FL 34996 Residential Market Report January 2016

Stuart FL 34994 Condo Market Report January 2016

Stuart FL 34994 Condo Market Report January 2016

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

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

There are currently 102 active condo listings (Up by 9 condos from December).

Stuart FL 34994 Condo Market Report January 2016

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

Stuart FL 34994 Condo Market Report January 2016

15 Condos Sold in January (Down by 2 condos from December).

Stuart FL 34994 Condo Market Report January 2016

The Stuart FL 34994 Condo market started the year with slower sales activity than the end of last year, but still better than this period from last year.  Nice to see a bit of an increase in inventory.  I hope this will continue.

The one month absorption rate increased to 6.8 months compared to last month’s 5.5.   Back into a balanced market.  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 January the numbers were 111 active listings, 35 pending sales, and 9 closed sales.   Better closed activity this year with very similar inventory levels, with less pending sales though.

Stuart FL 34994 Condo Market Report January 2016

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

Stuart Florida Market Report ZIP Code 34994 Residential January 2016

Stuart Florida Market Report ZIP Code 34994 Residential January 2016

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

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

There are currently 59 active listings (Unchanged from December)

Stuart Florida Market Report ZIP Code 34994 Residential January 2016

14 Residential sales are pending and awaiting close or lender approval (Decreased by 4 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential January 2016

1o Homes Sold in December (Down by 2 homes from December)

Stuart Florida Market Report ZIP Code 34994 Residential January 2016

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a weaker month to begin the new year after a very strong finish to 2015.

The one month absorption rate for the 34994 zip code for January jumped to 5.9 months from last months 4.9 months.  Just about a balanced market 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 January 2014 numbers were 85 Active Listings, 37 pending sales and 9 closed sales.   Much more active market back last year, though closed sales just edged out last years numbers.  We could use more active listings in the 34994 zip code of Stuart FL.

Stuart Florida Market Report ZIP Code 34994 Residential January 2016

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Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 Residential January 2016

Sewalls Point Single Family Market Report January 2016

Sewalls Point Single Family Market Report January 2016

Sewalls Point Real Estate Snapshot, Residential Sales for January 2016

There are currently 57 active listings (Up by 6 homes since last month)

Sewalls Point Single Family Market Report January 2016

15 home sales are pending and awaiting close or lender approval (Increased by 2 homes from December)

Sewalls Point Single Family Market Report January 2016

4 Homes sold in January (Up by 1 sales from December)

Sewalls Point Single Family Market Report January 2016

The single family real estate market in Sewalls Point remains challenging as many of the homes in this community are in the higher end of the price spectrum or some homes are older and in need of updating and the sellers feel the cache of this exclusive community warrants the listing price.

The current absorption rate dropped to 14.25 months, in December it was 17 months. Still a strong buyers market for Sewalls Point.  Though, if the trend for improving sales continue, this may soon come to an end.  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 January of 2014, the inventory was 58 homes on the market, 10 pending sales and there were 3 closed sales.  With very similar inventory, market activity is better for 2016 than for last year in Sewalls Point, but still plenty of room for improvement.

Sewalls Point Single Family Market Report January 2016

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Sewalls Point Single Family Market Report January 2016

 

Harbour Pointe Palm City Feb 2016 Market Update

Harbour Pointe Palm City Feb 2016 Market Update

There are currently 2 homes for sale in Harbour Pointe.  Listing prices are $349,900 and $464,900 for an average asking price of $407,400 which equals $158.75 per square foot of living area.

As of this writing there are no homes under contract.

9 homes have sold in the past 12 months. Sales prices were from $244,000  to $450,000.  The average sales price was $330,375 or $136.75 per square foot of living area.  These sales were at an average of 95% list to sales ratio.  These homes averaged 47 days on the market before going under contract.

Harbour Pointe Palm City FL

Harbour Pointe is a gated community of 120 homes in Palm City Florida.  This small and private community features modern homes with open floor plans that have many of the amenities that home buyers have sought after with an ideal location that is the envy of many in Martin County!  Residents enjoy preserve and lake  views in spacious custom designed homes.

Harbour Pointe Palm City FL

This wonderful residential community is close to Palm City Elementary, Hidden Oaks Middle School and Martin County High School, which are among the ‘A’ rated schools of Martin County.  Also close to shopping, restaurants as well as the beaches of Martin County as well as easy access to I-95 and Florida’s Turnpike makes it a commuters dream!

Harbour Pointe Palm City FL

Currently Available Homes and Town Homes in Harbour Pointe

For more information about this and other Martin County communities contact:
Gabe Sanders

Palm City Florida Real Estate

Residential Homes, Condos and Land with special emphasis on Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Harbour Pointe Palm City Feb 2016 Market Update

 

Palm Beach County December 2015 Market Report

Palm Beach County December 2015 Market Report

Palm Beach County December 2015 Market Report

Market Highlights

“Florida Realtors® reported that our median sale price for single family homes has exceeded the
$300,000 mark again. According to December figures for Palm Beach County, we have reached
$305,000, our highest median price activity since June 2015. Meanwhile, year over year, median days on market has dropped 32. l % from 56 to 38 days with the greatest number of closed sales falling between $200,000 to 600,000. If you are looking to sell your property, find a REAL TOR® with local expertise to attain the highest price within the shortest time frame.”

Palm Beach County December 2015 Market Report

Hutchinson Island Condo Islandia Under Contract

Hutchinson Island Condo Islandia Under Contract

Islandia Condo on Hutchinson Island in Jensen Beach

Updated corner unit on the north east side of the 14th floor in Islandia building 1 is under contract through the efforts of the Gabe Sanders BlueWater realty team.  This condo is listed for $525,000.

Islandia Condo on Hutchinson Island in Jensen Beach Islandia Condo on Hutchinson Island in Jensen Beach

Enjoy dual northeast views of both the beach and sunset lit intracoastal from this incredible 14th floor end unit. Everything from the studs out has been renovated (upgrades totaling $136,000!) and now the owner is being transferred, leaving the exquisite details for you to enjoy.  Finishes hand selected by a professional designer with a modern beach house vibe accented by chic industrial touches.  New electric and plumbing, all appliances including kitchen, wine cooler,AC unit and on-demand hot water heater. Stunning wood-like tile floors, top grade cabinets and granite all surrounded by a serene neutral color palette. This unit boasts an extra large split floor plan and the high end furniture will be included in the sale.

Islandia Condo on Hutchinson Island in Jensen Beach Islandia Condo on Hutchinson Island in Jensen Beach

The Islandia Condos of Jensen Beach

Islandia Condos of Jensen Beach

The Islandia Condos of Jensen Beach on Hutchinson Island consist of two 20 story buildings that were built in 1982. There are 388 total residences in these two buildings which are called Islandia I and II. Very conveniently located to the north of the Jensen Beach Causeway, and is just a short drive away from downtown Jensen Beach, shopping and restaurants.

Islandia Condos of Jensen Beach Islandia Condos of Jensen Beach

Condos in Islandia come in large 3 bedroom, 3 bathroom units with 1,929 sq. ft. of living area plus balconies and 3 bedroom, 2 bathroom units with 1,544 sq. ft. as well as 2 bedroom, 2 bath condos with either 1,437 or 1,228 sq. ft. Islandia residents enjoy wonderful amenities that include 2 Oceanside pools, private beach access, BBQ grilling area, Jacuzzi, tennis and bocce courts, and overflow parking with trailer and RV parking spaces. Interior facilities include a large social area with bar and kitchen, billiards, fitness center and steam sauna. There is an office with on-site management and 24 guard gated security.

Islandia Condos of Jensen Beach Islandia Condos of Jensen Beach

Islandia I does not allow pets, while those in Islandia II are allowed one pet under 30 lbs. Both buildings allow rentals with restrictions. The condo association fees at the time this is being written are from $1,420 to $1,950 per quarter.

Islandia Condos of Jensen Beach Islandia Condos of Jensen Beach

Those looking for a friendly beach community on Hutchinson Island in Jensen Beach should take a look at the Islandia Condo offerings.

Islandia Condos of Jensen Beach Islandia Condos of Jensen Beach

Click here for currently available Islandia Condos 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  Miramar  Miramar Royale  Ocean Dunes  Oceana North  Oceana Oceanfront  Oceana South  Ocean Towers  Oceanrise  – Ocean Bay Villas  Princess –  Regency Sand Dollar Shores  Sea Winds  Villa del Sol