Palm Beach County Third Quarter 2015 Real Estate Market Report

11.24.15 by

Palm Beach County Third 2015 Quarter Real Estate Market Report

Palm Beach County Third Quarter Real Estate Market Report

“According to third quarter statistics for Palm Beach County homes, median days on market dropped to an astonishing 36 days, a 33.3 percent decline year-over-year. Buyers had to make fast, educated decisions in order to secure their dream homes due to our declining inventory levels. Purchasing a property, especially in our current market conditions, can be a complicated and stressful process. If you are looking to buy or sell, let a local REALTOR® offer you the guidance you need to feel confident in your decision, said Matt Halperin, 2015 President of the Realtors® Association of the Palm Beaches (RAPB).

Palm Beach County Third Quarter 2015 Real Estate Market Report

The Arbors in Hobe Sound November 2015 Market Report

11.24.15 by

The Arbors in Hobe Sound November 2015 Market Report

There are 3 available homes for sale in The Arbors as of November 2015.  List prices are $450,000 to $598,000 for an average of $535,000 which equals $196.63 per sq. ft. of living area.

There is one homes under contract which has not completed the sales process.  The list price is $429,900 or $193.91 per sq. ft. of living area.  This home was on the market for 135 days prior to going under contract.

In the past 12 months, 12 homes have sold in the Arbors.  Sales prices ranged from $315,000 to $570,000 for an average sales price of $420,416 which equals $173.80 per s. ft. of living area.  These sales averaged at 95% of the listed price and were on the market for an average of 121 days prior to entering into an agreement for sale.

The Arbors in Hobe Sound FL

In northern Hobe Sound just west of Federal Highway and off of Seabranch Avenue is the exclusive 190 homes of the Arbors.  This exclusive gated community of upscale homes all border on lakes or preserve with generous lots and elbow room not found in many modern developments.  In addition to the two serene lakes the Arbors also contains generous nature preserves to protect the indigenous hardwoods and pines as well as offering a home to native flora and fauna.  Residents of the Arbors enjoy seeing endangered srub jays and gopher tortoises as well as pairs of sandhill cranes.   To enjoy the surrounding 100 acres of protected preserve areas, the Arbors has set up a walking trail through much of this land.  Great for a morning walk or excellent exercise for those that wish to go for a run or jog.

The Arbors in Hobe Sound FL  The Arbors in Hobe Sound FL

All this in a location that is just minutes from many championship golf courses, the beautiful beaches of the Atlantic Ocean and the marinas and waterways of Martin County.  Close to Martin County’s ‘A’ rated schools, shopping centers, medical facilities and all necessary urban services yet in a quiet peaceful setting.  The Arbors is less than an hour away from Palm Beach International Airport and just about equi-distant from Miami and Orlando, both only two hours by car.

The Arbors in Hobe Sound FL The Arbors in Hobe Sound FL

The Arbors is a wonderful place to call home.

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Martin County Third Quarter 2015 Market Report

11.22.15 by

Martin County Third Quarter 2015 Market Report

Martin County Third Quarter 2015 Market Report

“In Martin County, we closed out an incredible 3rd quarter where the median sale price of homes rose 8.2 percent to $304,000, and median days on market dropped to 38 days, down 38.7 percent compared to last year. Meanwhile, inventory continued to dry up, down nearly 25 percent to a supply of 4.5 months, which is great news for those who are contemplating selling. For prospective buyers, be aware that we are still firmly in a Seller’s market; however, new listings are up 5.3 percent year-over-year, and if this trend continues, we will find ourselves in a more balanced market. Whether you are buying or selling, seek the expertise of a local REALTOR® who can help you navigate through the obstacles of our current market and understand fair market value,” said John Slivon, Treasurer of the Realtors® Association of the Palm Beaches (RAPB).

Martin County Third Quarter 2015 Market Report

Hobe Sound FL 33455 Condo Market Report October 2015

11.21.15 by

Hobe Sound FL 33455 Condo Market Report October 2015

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for October 2015

 

For October 2014 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 4 active condo listings. (Up by 2 condos from September)

Hobe Sound FL 33455 Condo Market Report October 2015

0 Condos are pending and awaiting close. (Down by 4 condos from September)

3 Condos sold in September (Increased by 1 condos from September)

Hobe Sound FL 33455 Condo Market Report October 2015

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  The current inventory doubled from last month, but it’s still only 4 active listings.  And, with no pending listings, I’m not expecting any great activity in the coming months until we get some more condos available for sale in Hobe Sound.

The current absorption rate is 1.3 months (Last month it was 1 months).  This absorption rate 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 October 2014 numbers were: 19 active listings, 5 pending sales and 1 closed sales.  We actually have better closed sales for this year as compared to last year.  But with no inventory and no pending sales it doesn’t look very promising for the future.

Hobe Sound FL 33455 Condo Market Report October 2015

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Hobe Sound FL 33455 Condo Market Report October 2015

 

Hobe Sound FL 33455 Residential Market Report October 2015

11.20.15 by

Hobe Sound FL 33455 Residential Market Report October 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for October 2015

  For October 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 172 active listings. (Up by 10 homes from September)

Hobe Sound FL 33455 Residential Market Report October 2015

68 Residential sales are pending and awaiting close  (Down by 21 homes from September)

Hobe Sound FL 33455 Residential Market Report October 2015

44 Homes Sold in October (Up by 12 homes from last month)

Hobe Sound FL 33455 Residential Market Report October 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County has finally had a couple of months of increased inventory.  This was sorely needed as the pool of available homes for sale was getting to a historically low level.  And, activity continues to be very strong in this market, even as we approach our slower off season.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped down to 3.9 months (5.1 months in September).  Even a stronger sellers’ market for Hobe Sound, after edging closer to a healthier balanced market last 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 October 2014 were:  250 active listings, 55 pending sales and 58 closed sales. Better closed activity last year, though our pending numbers are higher for 2015.  All of this with a considerably reduced inventory.

Hobe Sound FL 33455 Residential Market Report October 2015

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Hobe Sound FL 33455 Residential Market Report October 2015

Jensen Beach FL 34957 Condo Market Report October 2015

11.19.15 by

Jensen Beach FL 34957 Condo Market Report October 2015

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for October 2015

 

For October 2015 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 24 active listings. (Increased by 2 condos from September)

Jensen Beach FL 34957 Condo Market Report October 2015

17 Condo sales are pending and awaiting settlement. (Up by 5 condos from September)

Jensen Beach FL 34957 Condo Market Report October 2015

4 Condos Sold (Decreased by 2 condos from September)

Jensen Beach FL 34957 Condo Market Report October 2015

 The Jensen Beach FL 34957 Condo Market Report October 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  It was good to see an increase in inventory, though it is still at historically low levels.  Activity remains quite strong.

The one month absorption rate for the October 2015, Jensen Beach Florida Market Report ZIP Code 34957 rose to 6  months (from 3.7 months in September), bringing this segment of the Martin County condo market back into a balanced one.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The October 2014 numbers were: 33 active listings, 14 pending sales and 3 condos closed.  Overall a slight improvement this year as compared to 2014.

Jensen Beach FL 34957 Condo Market Report October 2015

Jensen Beach Condominium Properties by Price

 

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Jensen Beach FL 34957 Condo Market Report October 2015

Jensen Beach FL 34957 Residential Market Report October 2015

11.18.15 by

Jensen Beach FL 34957 Residential Market Report October 2015

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for October 2015

 For October 2015 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 119 active listings. (Down by 14 homes from last month)

Jensen Beach FL 34957 Residential Market Report October 2015

48 Residential sales are pending and awaiting close or lender approval. (Down by 13 homes from September)

Jensen Beach FL 34957 Residential Market Report October 2015

27 Homes Sold (Decreased by 4 homes from September)

Jensen Beach FL 34957 Residential Market Report October 2015

The Jensen Beach FL 34957 Residential Market indicated a little slower pace with the approaching off season. Though, still a sellers market as it has been for over a year.  Interestingly, this is one of the only Martin County areas with a decrease in the inventory for October.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 4.9 months (was 3.8 months in September).  Remaining in a strong sellers market for Jensen Beach residential home sales.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The October 2014 numbers were: 125 active listings, 62 pending sales and 22 home sales closed.   A bit more closed sales this year as compared to 2014, but pending sales are not quite as strong.
Jensen Beach FL 34957 Residential Market Report October 2015

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Jensen Beach FL 34957 Residential Market Report October 2015

Palm City FL 34990 Condo Market Report October 2015

11.17.15 by

Palm City FL 34990 Condo Market Report October 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for October 2015

 

For October 2015 in the 34990 Zip Code area of Palm City, Florida :



There are currently 54 active condo listings. (Increased by 2 condos from September)

Palm City FL 34990 Condo Market Report October 2015

10 Condo sales are pending and awaiting close or lender approval. (Up by 2 pending condos from last month)

Palm City FL 34990 Condo Market Report October 2015

3 Condos Sold in October. (No change in sold condos from September)

Palm City FL 34990 Condo Market Report October 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  A fairly slow market for sales, though pending sales and activity did rise for October.

The current absorption rate for condos in the 34990 zip code area increased to 18 months (was 17.3 months in October).   Even greater buyer’s market than last month. A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The October 2014 numbers were: 58 active listings, 9 pending sales and 3 closed sales.   Very similar activity as last year.
Palm City FL 34990 Condo Market Report October 2015

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Palm City FL 34990 Condo Market Report October 2015

Palm City FL 34990 Residential Market Report October 2015

11.16.15 by

Palm City FL 34990 Residential Market Report October 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for October 2015

 

For October 2015 in the 34990 Zip Code area of Palm City Florida :

 

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

Palm City FL 34990 Residential Market Report October 2015

 137 Residential sales are pending and awaiting close or lender approval. (Decreased by 18 homes from last month)

Palm City FL 34990 Residential Market Report October 2015

58 Homes Sold in September (Decreased by 2 sold homes from September)

Palm City FL 34990 Residential Market Report October 2015

After a very strong September, the Palm City FL 34990 residential real estate market continues to show excellent sales activity. Also nice to see an increase in inventory for the second month in a row.  The Palm City FL real estate market continues to show excellent resilience even as we approach our typically slower season.
 The current absorption rate increased slightly to to 6.5 months from 6 months in September.  Still a balanced 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 October 2014 numbers were:  455 active listings, 122 pending sales and 58 closed sales.  Same closed activity as last year and higher pending numbers even with reduced inventory.

Palm City FL 34990 Residential Market Report October 2015

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Palm City FL 34990 Residential Market Report October 2015

Stuart FL 34997 Condo Market Report October 2015

11.15.15 by

Stuart FL 34997 Condo Market Report October 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2015

 

For October 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 59 active condo listings (Up by 7 condos from September).

Stuart FL 34997 Condo Market Report October 2015

21 Condo sales are pending and awaiting close or lender approval (Increased by 2 condos from September).

Stuart FL 34997 Condo Market Report October 2015

12 Condos Sold in October (Increased by 4 condos from September).

Stuart FL 34997 Condo Market Report October 2015

     The Stuart FL condo market for zip code 34997 showed positive results for October.  Our inventory rose for the third month in a row and we also had some nice gains in both pending and closed sales.  Somewhat unusual as we head into the typically slower months for condo activity.
     The one month absorption rate decreased to 4.9 months from 6.5 months for September.  Back into a sellers market after last months balanced market. Continuing a trend prevalent for most of the past year.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The October 2014 numbers were: 58 active listings, 20 pending sales and 21 closed sales.   A little slower closed activity for this year as compared to last year.

Stuart FL 34997 Condo Market Report October 2015

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2015

 

 

Stuart FL 34997 Residential Market Report October 2015

11.14.15 by

Stuart FL 34997 Residential Market Report October 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for October 2015

 

There are currently 308 active listings (Increased by 31 homes from September).

Stuart FL 34997 Residential Market Report October 2015

163 Residential sales are pending and awaiting close or lender approval (Increased by 11 homes from September).

Stuart FL 34997 Residential Market Report October 2015

66 Homes Sold in October (Decreased by 15 homes from September)

Stuart FL 34997 Residential Market Report October 2015

      The Stuart Florida Residential Market for ZIP Code 34997 is the largest and has been the strongest segment of the Martin County single family real estate market.  Nice to see a couple of months of increased inventory.
     The current one month absorption rate increased to 4.7  months (was 3.4 months for September).  Most of this increase is due to the stronger inventory numbers and we still remain in a very strong seller’s 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 2014 numbers for October, were: 368 active listings, 144 pending listings and 81 closed sales.  Considerably stronger closed activity last October, though the increased number of pending sales might hold promise for the next few months.
Stuart FL 34997 Residential Market Report October 2015

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Stuart FL 34997 Residential Market Report October 2015

 

Stuart FL 34996 Condo Market Report October 2015

11.13.15 by

Stuart FL 34996 Condo Market Report October 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for October 2015

For October 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 79 active condo listings (Up by 3 condos last month).

Stuart FL 34996 Condo Market Report October 2015

29 Condo sales are pending and awaiting close or lender approval (Decreased by 12 condos from September).

Stuart FL 34996 Condo Market Report October 2015

26 Condos Sold in October (Decreased by 3 condos from September) 

Stuart FL 34996 Condo Market Report October 2015

The Stuart FL 34996 Condo Market is bucking the trend for the off season with increased activity for October.  Nice to see even a small increase in inventory as this segment of the Stuart condo market remain red hot.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 plunged to 3.0 months from September’s 2.6 months.  Continuing as a very strong sellers market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for October 2014 were: 152 active listings, 50 pending sales and 15 closed sales.  We have a long way to go to get inventory levels close to what they were last year.  Though even with the reduced inventory, market activity remains very strong.

Stuart FL 34996 Condo Market Report October 2015

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Stuart FL 34996 Condo Market Report October 2015

Stuart FL 34996 Residential Market Report October 2015

11.12.15 by

Stuart FL 34996 Residential Market Report October 2015

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for October 2015

For October 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 161 active listings (Up by 25 homes from September).

Stuart FL 34996 Residential Market Report October 2015

17 Residential sales are pending and awaiting close or lender approval (Down by 10 homes from September).

Stuart FL 34996 Residential Market Report October 2015

12 Homes Sold in October (Unchanged from September).

Stuart FL 34996 Residential Market Report October 2015

The 34996 zip code area of the Stuart Florida residential real estate market had a surprising jump in inventory for October.  While this should be good news for buyers as there is a better selection of available homes, the corresponding increase in sales activity has not yet materialized.

The one month absorption rate for the 34996 zip code area of Stuart Florida for October continued to slide up to 13.4 months as compared to September’s 11.3 months.  A strong buyers market for this section of Martin County.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for October of 2014 were: 156 active listings, 32 pending sales and 11 closed sales.  While closed sales were close to last year, the reduced number of pending sales this year is a bit troubling.

Stuart FL 34996 Residential Market Report October 2015

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Stuart Florida Real Estate presented by:

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Stuart FL 34996 Residential Market Report October 2015

Stuart FL 34994 Condo Market Report October 2015

11.11.15 by

Stuart FL 34994 Condo Market Report October 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for October 2015

For October 2015 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 87 active condo listings (Up by 16 condos from September).

Stuart FL 34994 Condo Market Report October 2015

28 Condo sales are pending and awaiting close or lender approval. (Decreased by 7 condos from last month) 

Stuart FL 34994 Condo Market Report October 2015

15 Condos Sold in October (Up by 4 condos from September).

Stuart FL 34994 Condo Market Report October 2015

The Stuart FL 34994 Condo market while still active is showing reduced activity as we head into the off season.  Though remaining in a good and steady balanced market vicinity.

The one month absorption rate increased to 5.8 months compared to last month’s 6.5.   Continuing to hover in the balanced market 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 October the numbers were 94 active listings, 31 pending sales, and 16 closed sales.   Slightly stronger activity last year.  Though the greater inventory is probably a large factor in this.

Stuart FL 34994 Condo Market Report October 2015

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Stuart Florida Market Report ZIP Code 34994 – Condo, October 2015

Stuart Florida Market Report ZIP Code 34994 Residential October 2015

11.10.15 by

Stuart Florida Market Report ZIP Code 34994 Residential October 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for October 2015

For October, 2015 in the 34994 Zip Code area of Stuart, Florida :

There are currently 55 active listings (Dercreased by 2 homes from September)

Stuart Florida Market Report ZIP Code 34994 Residential October 2015

30 Residential sales are pending and awaiting close or lender approval (Increased by 2 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential October 2015

8 Homes Sold in September (Down by 4 homes from September)

Stuart Florida Market Report ZIP Code 34994 Residential October 2015

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida slid back a little for October as closed sales decreased.  Pending sales remain strong and I expect this segment of the Stuart real estate market to remain healthy for next year.

The one month absorption rate for the 34994 zip code for October decreased to 6.9 months from last months 4.8 months, seesawing back and forth for the past few months, now back into a buyers market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The October 2014 numbers were 70 Active Listings, 36 pending sales and 8 closed sales.   Slightly better pending sales and an equal number of closed sales from last year, though there was greater inventory as well.

Stuart Florida Market Report ZIP Code 34994 Residential October 2015

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Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 Residential October 2015

Empress Condos on Hutchinson Island November 2015 Market Update

11.10.15 by

Empress Condos on Hutchinson Island November 2015 Market Update

There are 6 condos listed and actively for sale in early November if 2015 in the Empress Condominiums of Hutchinson Island.  List prices range from $299,000 to $430,000 for an average of $365,066 or $260.62 per sq. ft. of living area.

There are no Empress Condos currently under contract.

In the past 12 months, 8 condos have sold in the Empress.  Sales prices ranged from $225,000 up to $744,456 for an average sales price of $357,182 which equals $227.27 per sq. ft. of living area.  These condos sold for 92% of list price on average and when under contract within 51 days (average).

The Empress Condos of Hutchinson Island

The Empress of Jensen Beach on Hutchinson Island is an upscale 15 story oceanfront condo building with 115 residences that was completed in 1988.  Located just a couple of miles north of the Jensen Beach Causeway, the Empress is just a short drive to downtown Jensen as well as various shops and restaurants available on Hutchinson Island.

The Empress Condos of Hutchinson Island The Empress Condos of Hutchinson Island

There are various sizes and configurations of condos in the Empress ranging from a  2 very spacious 4 bedroom, 3 bathroom units of 2,804 sq. ft. of living area, along with 3 bedroom, 2 bath units of 1,505 sq. ft. with the remainder 2 bedroom, 2 bathroom condos of either 1,500 or 1,299 sq. ft. of living area.

The Empress Condos of Hutchinson Island The Empress Condos of Hutchinson Island

There is ample assigned and guest parking plus an additional 40 covered detached garages which can be bought and sold between Empress residents.  Other community amenities include pool, Jacuzzi, sun deck, card room, club house with kitchen, ping pong, billiards, exercise room, sauna, tennis courts, golf practice net, car wash area and dune walk to beach.

The Empress Condos of Hutchinson Island The Empress Condos of Hutchinson Island

1 small pet under 20 lbs. is allowed and rentals are also allowed with some restrictions.  As of this writing condo fees ranged from $550 to $600 per month depending on the size of the unit.  Garage owners have some additional fees.

The Empress Condos of Hutchinson Island

Looking for a carefree oceanfront lifestyle on Hutchinson Island in Jensen Beach?  The Empress Condos might just be the right choice.

Click here for currently available Empress Condos for Sale

Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you may wish to consider:
Admiral – Atlantis – Claridge – Dune Walk – 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 – Sea Winds – Villa del Sol

Empress Condos on Hutchinson Island November 2015 Market Update

Sewalls Point Single Family Market Report October 2015

11.09.15 by

Sewalls Point Single Family Market Report October 2015

Sewalls Point Real Estate Snapshot, Residential Sales for October 2015

 

There are currently 62 active listings (Up by 8 homes since last month)

Sewalls Point Single Family Market Report October 2015

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

Sewalls Point Single Family Market Report October 2015

8 Homes sold in October (Up by 3 sales from September)

Sewalls Point Single Family Market Report October 2015

The single family real estate market in Sewalls Point has shown some steady improvement in the past three months and if this trend continues we may very well find this market to be in balance fairly soon.

The current absorption rate dropped to 7.8 months, in September it was 10.8 months. Still a buyers market for Sewalls Point but has been improving steadily for the past three months.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to October of 2014, the inventory was 45 homes on the market, 8 pending sales and there were 2 closed sales.  Considerably better activity this year for the Sewalls Point single family home market.

Sewalls Point Single Family Market Report October 2015

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Sewalls Point Single Family Market Report October 2015

 

River Marina November 2015 Market Report

11.08.15 by

River Marina November 2015 Market Report

For November 2015, there are only 4 homes available for sale in River Marina.  All four are townhomes and range in price from $169,900 to $206,240 for an average price of $190,457 or $119.69 per sq. ft. of living area.

There are four homes under contract.  List prices ranged from $204,940 to $334,900 for an average of $259,957 which equals $145.30 per sq. ft. of living area.  These homes went under contract in an average of 15 days after going on the market.

In the past 12 months, 25 homes have sold in River Marina.  Sales prices ranged from $149,900 to $344,000.  The average sales price was $195,410 which is $114.64 per sq. ft. of living area.  These homes sold on average for 97% of listing price and were under contract in an average of 63 days on market.

River Marina real estate 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 real estate 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 real estate in Stuart FL

As of early 2015, construction has resumed for River Marina townhomes by Lennar Homes.  These new townhomes feature 3 bedrooms, 2 and 1/2 bathrooms and a single car garage with granite counter tops and stainless steel appliances.   Priced attractively in the very low $200’s.  For a new buyer discount program, please contact Gabe Sanders with the BlueWater realty team for details.

River Marina real estate in Stuart FL

HOA fees for the townhomes are only $87 per month while the single family homes have a $98 a month fee.  

River Marina real estate in Stuart FL

Search for homes and townhomes for sale in River Marina

River Marina November 2015 Market Report

Palm Beach County September 2015 Market Report

11.01.15 by

Palm Beach County September 2015 Market Report

Palm Beach County September 2015 Market Report

“Although the number of Palm Beach County home sales increased only 1% for August, we are back to a double-digit gain for September with 13% year-over-year. However, this market indicator may dip slightly for October if a substantial number of closings are delayed due to recent closing procedure changes which affect borrowers. We recommend that borrowers work closely with their lenders and title companies, who are well-prepared for these changes, to prevent potential closing delays. For more information about these changes, a helpful infographic can be downloaded from www.SouthFloridaPropertyMatch.com,” said Matt Halperin, 2015 President of the Realtors® Association of the Palm Beaches (RAPB).

Palm Beach County September 2015 Market Report

St. Lucie County September 2015 Market Report

10.31.15 by

St. Lucie County September 2015 Market Report

St. Lucie County September 2015 Market Update

“Since the beginning of the year, St. Lucie County has consecutively experienced double-digit increases in median sale price of single family homes when compared to the same time period in the previous year, and September reflected an increase of 15.3%. While investors may be shying away from purchasing single family homes, both sellers and end users are still benefiting from the significant boost in our current market indicators. If you are in the market looking to buy or sell your home, I suggest speaking with a local REALTOR® from the REALTORS® of St. Lucie County (RSLC), a division of the Realtors® Association of the Palm Beaches (RAPB), for real insight on the homeownership process. You can find your perfect, local REALTOR® match today at www.SouthFloridaPropertyMatch.com,” said Kathy J. Slusser, Northern Vice President of the Realtors® Association of the Palm Beaches (RAPB).

St. Lucie County September 2015 Market Report