Florida Townhouses and Condos December 2019 Market Report

Florida Townhouses and Condos December 2019 Market Report

For December 2019, Florida Townhouses and Condos ended 2019 with very strong sales activity.  Closed sales were up by 17.7% as compared to last month’s decrease of 6.3%.  New sales under contract (new pending sales) increased by 8.3% (In November there was an 8.6% increase).

Prices were also up for December.  The median sales price was up by 8.1% (was up by 5.4% in November), while the average sales price increased by 11.5& (was up 1.9% in November).

The inventory of active listings decreased by 9.7% from December of last year.  This results in 5.2 months of inventory as compared to 5.8 months for December 2018.  Remaining in a seller’s market for Florida townhouse and condo sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos December 2019 Market Report

View previous Florida townhouses and condo market reports by clicking this link.

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.

Florida Townhouses and Condos December 2019 Market Report

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Oceana Oceanfront and North Condos January 2020 Market Report

Oceana Oceanfront and North Condos January 2020 Market Report

For January 2020, there are 3 condos for sale in Oceana (I and II aka Oceana Oceanfront) in Jensen Beach FL on Hutchinson Island. List prices range from $174,000 up to $319,900. This is an average list price of $244,300 which equals $257.37 per sq. ft. of living space.

There is 1 condo currently under contract. The list price was $205,000 which equals $228.03 per sq. ft. of living space. These condos averaged 49 days on the market before going under contract.

In the past 12 months, 22 condos have sold. Sales prices ranged from $145,000 up to $415,000. This equals an average sales price of $265,930 which works out to $264.72 per sq. ft. of living space. These condos sold for an average of 94% of list price and averaged 61 days on the market before going under contract.

About the Oceana Oceanfront and North Condos:

Oceana North Condos in Jensen Beach

The Oceana North Condos are also known as Oceana Oceanfront and are located at 9900 and 9940 S Ocean Drive in Jensen Beach FL on Hutchinson Island in Saint Lucie County.

Oceana I was built in 1975 and is a 12 story building with 125 condos, while Oceana II was completed in 1980 with 16 stories and 160 units. Oceana II has two penthouse units with 3 bedrooms and 3 baths with a spacious 2,092 sq. ft. of living area. Also in building II, there are a few 2 bedroom 3 bath condos with 1,421 sq. ft. The remaining condos in both Oceana I and II are either 2 bedroom, 2 bath residences with 1,129 or 1,023 sq. ft. and some 1 bedroom, 2 bath condos with 899 sq. ft.

Oceana North and Oceanfront Condos in Jensen Beach

There are two pools and private beach access, along with BBQ grilling areas as well as gated entries and vehicle was areas.

Oceana North and Oceanfront Condos in Jensen Beach

Both buildings share a large clubhouse with fitness and game room, kitchen and bar and a large social area. 1 small pet is allowed as well as rentals with a 3-month minimum lease restriction. There are four tennis courts directly across the street as well as 2 RV/Boat parking areas. Trucks are also allowed.

Condo fees cover Basic Cable TV, Common Areas, Elevator, Exterior Electric, Fire/Liability Insur, Grounds / Plants, Insurance-Bldg, Janitor, Laundry Facilities, Lawn Care, Manager, Parking, Pest Control, Pool Service, Recreational Facilities, Reserve Funds, Roof Maintenance, Security, Signs, Trash Removal, and Water.

Oceana North and Oceanfront Condos in Jensen Beach
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Click on this link to search for available Oceana North Condos in Jensen Beach

Here are all the available Oceana Condos in Jensen Beach on Hutchinson Island

Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you may wish to consider:
AdmiralAtlantisClaridgeDune WalkEmpressIsland ClubIsland CrestIsland DunesIslandiaMiramarMiramar RoyaleOcean DunesOceana OceanfrontOceana SouthOcean TowersOceanriseOcean Bay VillasPrincessRegencySand Dollar ShoresSea WindsVilla del Sol

Oceana Oceanfront and North Condos January 2020 Market Report

Florida Single Family Homes December 2019 Market Report

Florida Single Family Homes December 2019 Market Report

The Florida Single Family Home sales had a very strong end to 2019.  Closed sales were up by 23.8% (were up by 6.1 % in November). New sales under contract (new pending sales) were up by 11.9% (were up by 14.4 % in November).

Prices were also up for December.  The median sales price rose by 5.9% (it was up by 3.9 % in November). The average sales price was up by 6.9% (it was up by 13.1 % last month).

The inventory of available homes for sale decreased by 11.4% from last year.  This represents a 3.4 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (December 2018 had a 4.0 months supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.  Inventory continues to decrease which is putting pressure on rising prices and lower sales volume.

Currently, Florida has a shortage of inventory of homes for sale. Affordable homes are the most scarce in the state at this time and builders are not in a position to alleviate this shortage. At least, any time soon.

Florida Single Family Homes December 2019 Market Report

Click here to view the previous Florida single-family homes market reports.

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.

Florida Single Family Homes December 2019 Market Report

Schooner Oaks January 2020 Real Estate Market Report

Schooner Oaks January 2020 Real Estate Market Report

As of January 2020, there is only 1 home for sale in Schooner Oaks in Stuart, FL. This townhome is available to buy at a list price of $259,900 or $140.03 per sq. ft. of living area.

There are no homes currently under contract at this time.

In the past 12 months, 8 Schooner Oaks homes have sold. The sales prices ranged from $235,000 up to $295,000. This works out to an average sales price of $259,738 which equals $153.45 per sq. ft. of living area. These homes went under contract in an average of 70 days and sold for 95% of list price.

About Schooner Oaks in Rocky Point:

The Schooner Oaks community of Rocky Point in Stuart FL is a townhouse style complex under condo association rules. There are 86 units of varying sizes that were built from 1985 till 1997.

Schooner Oaks in Rocky Point

These townhouses vary from the largest one with 4 bedrooms and 4 bathrooms and 2,140 sq. ft. of living area down to 2 bedrooms, 2 bath condos with around 1,400 sq. ft. of living area. Most units come with an attached single car garage.

Schooner Oaks in Rocky Point

Residents enjoy the use of a clubhouse with billiards, fitness room, heated pool, spa, and tennis courts. There’s a waterfront gazebo with a day dock and fishing pier off the Intracoastal Waterway with views toward the Saint Lucie Inlet of the Atlantic Ocean.

Schooner Oaks in Rocky Point

This is a pet-friendly community allowing for up to two large pets. Rentals are also allowed and there are some vehicle restrictions. The current HOA fees are $570 per month. These fees cover Assessment Fee, Cable, Common Areas, Fire/Liability Insur, Grounds / Plants, Insurance-Bldg, Insurance-Other, Janitor, Lawn Care, Legal/Accounting, Maintenance – Repair, Maintenance Exterior, Management Fees, Manager, Pest Control, Pool Service, Reserve Funds, Roof Maintenance, and Trash Removal.

Schooner Oaks in Rocky Point

Search here for any available Schooner Oaks Condos for sale

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Schooner Oaks January 2020 Real Estate Market Report

Murano Homes January 2020 Housing Market Report

Murano Homes January 2020 Housing Market Report

Palm City Florida Real Estate

There are currently 3 homes available for purchase in the Murano community in Palm City FL with list prices ranging from $333,900 up to $350,000.  This is an average list price of $339,633 or $156.61 per sq. ft. of living area.

There are no homes under contract at this time in the Murano subdivision of Palm City, FL.

In the past 12 months, 10 homes have sold in Murano with sales prices ranging from $280,000 up to $370,000.  This works out to an average sales price of $329,050 which equals $132.59 per sq. ft. of living area.  These homes were on the market for an average of 106 days before going under contract.  The sales prices averaged 97% of list price.

About the Murano Community in Palm City FL:

Murano Community in Palm City FL

Conveniently located off of Martin Downs Blvd and Sunset Trail, Murano is a new home community with 110 homes. Originally developed by Home Dynamics with homes built in 2007 and later this community was taken over by D. R. Horton with building resuming in 2011 to the present. Murano homes range from two story 5 Bedroom 4 bathroom homes of 0ver 3,200 sq. ft. to single story 2 Bedroom, 2 bath homes of just over 1,700 sq. ft.
Murano Community in Palm City FL

This is a very family friendly neighborhood close to “A” rated schools, shopping and Florida’s Turnpike for commuters. There is a community pool and low HOA fees.

Murano Community in Palm City FL

For those interested in the Murano community of Palm City, please let me know if you’d like to be placed on an automatic listing notifier of available homes in this community.

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Murano Homes for Sale

Palm City Florida Real Estate is presented by:
the Gabe Sanders real estate team

Murano Homes January 2020 Housing Market Report