Stuart FL 34994 Condo Market Report September 2019

10.14.19 by

Stuart FL 34994 Condo Market Report September 2019 

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for September 2019

For September 2019 in the 34994 Zip Code area of Stuart, Florida :

There are currently 103 active condo listings (Up by 2 condos from August).

Stuart FL 34994 Condo Market Report September 2019

35 Condo sales are pending and awaiting close or lender approval. (Up by 1 condo from last month) 

Stuart FL 34994 Condo Market Report September 2019

19 Condos Sold in August (Down by 5 condos from August).

Stuart FL 34994 Condo Market Report September 2019

The Stuart FL 34994 Condo market showed a decrease in sales for September whithlittle change in inventory as well as pending sales.

The absorption rate for September rose to 5.4 months compared to last month’s 4.2 months.  Remaining in a seller’s market for this condo segment of Stuart’s 34994 zip code area.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers nor sellers have an advantage in the real estate market.

Last September the numbers were 76 active listings, 47 pending sales, and 20 closed sales. There’s a considerably greater inventory of available condos for sale this year when compared to last year.  This makes this year’s activity weaker than last year.

Stuart FL 34994 Condo Market Report September 2019

Are you interested in the value of your Stuart FL Condo?
Click on this link and fill out the form for an accurate personal evaluation

Click here for condos for sale in the 34994 zip code area of Stuart FL

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

Search here for Stuart Florida Real Estate for Sale

Click here for previous Stuart FL 34994 Condo Market Reports

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

Stuart FL 34994 Condo Market Report September 2019 

 

Joes Point October 2019 Real Estate Market Report

10.14.19 by

Joes Point October 2019 Real Estate Market Report

As of October 2019, there are 3 homes for sale in Joes Point on Hutchinson Island.  These homes are listed from $1,050,000 up to $2,200,000.  This works out to an average list price of $1,696,333 or $475.75 per sq. ft. of living area.

There are no homes currently under contract.

In the past 12 months, there have been no sales in Joes Point.

Click here to view previous Joes Point market reports.

About Joes Point on Hutchinson Island:

Joes Point on Hutchinson Island

One of the most unusual properties on Stuart’s Hutchinson Island is Joes Point.  Located on a private peninsula that juts to the north-west into the mile-wide Indian River (Intracoastal Water Way). Originally developed by Lloyd Dutcher in the early 1980s this is a premier waterfront subdivision enjoying the many wonderful amenities of Hutchinson Island in Martin County.  Only minutes to the Saint Lucie inlet and the sparkling Atlantic Ocean by boat, with easy access to the Bahamas or through the Okeechobee waterway through the heart of Florida to the Gulf of Mexico by boat.  This is a true boater’s paradise.  Abundant fishing is just off the dock or go just a few minutes further for some deep-sea fishing and adventure.

Joes Point on Hutchinson Island in Stuart FL

Joes Point has 56 home sites (3 are vacant lots at this writing) of which most are waterfront with private docks and sweeping water views of the Intracoastal Waterway (Indian River). There are 8 non-waterfront homes, though they have docks in the community marina which is just a short walk from these homes.  There is also a community RV/Boat storage area as well as a tennis court.  HOA fees as of October 2019 were under $300 per month and include central water and sewer service.

Joes Point on Hutchinson Island Joes Point on Hutchinson Island in Stuart FL

Pets are welcome as well as having the ability to rent these homes.  This is a gated community offering a high level of privacy on the shores of the Indian River.  Beach access is across A-1-A in a private and HOA owned beach area.

Joes Point on Hutchinson Island

Search here for any available Joes Point Homes for Sale

Joes Point October 2019 Real Estate Market Report

Stuart Florida 34994 Residential Market Report September 2019

10.11.19 by

Stuart Florida 34994 Residential Market Report September 2019

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for September 2019

For August 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 92 active listings (Up by 5 homes from August)

Stuart Florida 34994 Residential Market Report September 2019

29 Residential sales are pending and awaiting close or lender approval (Decreased by 9 homes from last month).

Stuart Florida 34994 Residential Market Report September 2019

12 Homes Sold in September (Increased by 8 homes from August)

Stuart Florida 34994 Residential Market Report September 2019

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida rebounded from a pretty weak August with much better activity for September.

The one-month absorption rate for the 34994 zip code for September plunged to 7.7 months from 21.8 months for August.  Moving towards a more balanced market for the 34994 zip code area of Stuart, FL.  I anticipate that this is just a temporary one-month situation.   A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The September 2018 numbers were 72 Active Listings, 16 pending sales, and 17 closed sales.  There was less inventory of available homes for sale last year.  Yet, closed sales were greater.  This year, our pending sales look stronger which should result in greater closed sales in the coming months.

Stuart Florida 34994 Residential Market Report September 2019

Are you interested in the value of your Stuart FL Home?
Click on this link and fill out the form for an accurate personal evaluation

Search here for homes for sale in the 34994 zip code area of Stuart FL

Search here for vacant land for sale in the 34994 zip code area of Stuart FL

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

Click here for previous Stuart Florida 34994 Residential Market Reports

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

Stuart Florida 34994 Residential Real Estate Market Report September 2019

The Falls of Jensen Beach October 2019 Market Report

10.11.19 by

The Falls of Jensen Beach October 2019 Market Report

For October 2019 there is only 1 home available for sale in the Falls of Jensen Beach.  The list price is $515,000 or $170.30 per sq. ft. of living area.

There are no homes under contract currently.

In the past 12 months, 10 homes have sold in the Falls of Jensen Beach.  Sales prices ranged from $505,000 up to $640,000.  This is an average sales price of $556,700 which is equal to $177.77 per sq. ft. of living area.  These homes averaged 86 days on the market before going under contract and sold on average for 96% of the listed price.

Click here to view previous market reports from the Falls of Jensen Beach.

About the Falls in Jensen Beach FL:

The Falls in Jensen Beach FL

A newer Kolter community located just north and west of the Treasure Coast Mall in Jensen Beach FL.  This is a gated community with spacious lots, many of which have serene preserve or lake views from the back patio and yard.

The Falls of Jensen Beach real estate

The Falls is in a wonderful location close to shopping, restaurants as well as professional services and only a few minutes to the beaches and waterways that Martin County has to offer.  Children living in the falls have the privilege of attending Martin County ‘A’ rated schools.  Currently, these are the Jensen Beach Elementary school, Stuart Middle school, and the Jensen Beach High school.

The Falls in Jensen Beach FL

Construction in the Falls began in 2006 and all of the 130 lots have now been built, with the latest homes just recently completed in 2016.  As of this writing, there are only two new homes available from the builder, but resale homes have been coming on the market at a fairly steady rate.

Homes sizes in the Falls range from 4 bedroom, 3 bathroom homes of 2,236 sq. ft. of living area up to 5 bedroom, 4 bathroom homes with just under 4,500 sq. ft. under AC.  The majority of the homes in the falls have 3 car garages.  Homes range from single story ranch style designs to two-story homes and many have private pools.

The Falls in Jensen Beach FL

Since this is a newer community, all homes meet the latest building codes for hurricane and wind protection and most homes also feature an updated kitchen with granite countertops.

The Falls of Jensen Beach real estateThe Falls of Jensen Beach real estate

The HOA fee includes your landscape and lawn service, basic cable TV as well as security and the common areas.  There is no community pool or clubhouse in the Falls.

Jensen Beach real estate is presented by Gabe Sanders, Stuart FL real estate

or search for all homes here

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Here are the currently available homes in the Falls of Jensen Beach

The Falls of Jensen Beach October 2019 Market Report

Sewalls Point Single Family Market Report September 2019

10.10.19 by

Sewalls Point Single Family Market Report September 2019

Sewalls Point Real Estate Snapshot, Residential Sales for September 2019

There are currently 40 active listings (Down by 2 homes from last month)

8 home sales are pending and awaiting close or lender approval (Up by 2 homes from August)

Sewalls Point Single Family Market Report September 2019

5 Homes sold in August (Decreased by 5 homes from August)

Sewalls Point Single Family Market Report September 2019

The single-family real estate market in Sewalls Point had a decrese in closed sales for September.  Pending sales were up for the month.  While the available inventory of homes for sale remains fairly steady.

The absorption rate jumped up to 8.0 months, in August it was 4.2 months.  Transitioning back into a buyer’s market for the Sewalls Point single-family home market.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to September 2018, the inventory was 51 homes on the market, 8 pending sales and there were 8 closed sales.  There was better sales activity last year on a greater inventory of available homes for sale.  Pending sales remain the same.

Sewalls Point Single Family Market Report September 2019

Currently available Sewalls Point homes for sale

Currently available Sewalls Point vacant land for sale

Sewalls Point Florida Real Estate presented by
the Gabe Sanders real estate team

Click here to view previous Sewalls Point market reports.

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

Sewalls Point Single Family Market Report September 2019

 

Atlantis Condos on Hutchinson Island October 2019 Market Report

10.10.19 by

Atlantis Condos on Hutchinson Island October 2019 Market Report

There are currently 5 condos on the market in the three Atlantis condo buildings on Hutchinson Island in Jensen Beach FL.  List prices range from $250,000 up to $288,888. This is an average list price of $268,590 which equates to $245.70 per sq. ft. of living area.

There aren’t any Atlantis condos currently under contract.

In the past 12 months, 15 condos have sold in Atlantis.  Sales prices ranged from a low of $185,000 up to $347,500.  Making for an average sales price of $255,101 or $229.18 per sq. ft. of living area.  These condos sold in an average of 108 days and at an average of 97% of list price.

Click here to view previous Atlantis condo market reports.

About Atlantis Condos:

Atlantis Condos on Hutchinson Island in Jensen Beach FL

Atlantis Condos on Hutchinson Island in Jensen Beach FL (Saint Lucie County) consists of three buildings.  Atlantis ‘A’, Atlantis ‘B’ and Atlantis ‘III’.   Buildings A and B were constructed in 1978 and consist of 68 2 bedrooms 2 bathrooms condos with 1,053 sq. ft. of living space on 7 stories.  End units are slightly bigger with wrap-around balconies and 1113 sq. ft. of living space.  Building III was built in 1982, also with the same number of condos but is slightly larger with 1,151 sq. ft. interior units and 1,258 sq. ft. on the ends.

Atlantis Condos on Hutchinson Island in Jensen Beach These three buildings have two pools in between them as well as direct ocean access from the rear of all buildings.  There is ample outdoor parking for all residents as well as two tennis courts and a vehicle wash area.

Atlantis Condos on Hutchinson Island in Jensen Beach FL

The Atlantis condos are conveniently located just 1 and ½ miles north of the Jensen Beach Causeway and within an easy drive of shopping, restaurants and all the amenities offered on Florida’s Treasure Coast.

Atlantis Condos on Hutchinson Island in Jensen Beach

Give the Gabe Sanders Realty team a call or email if you would like more information or wish to see the Atlantis complex in Jensen Beach FL.

Hutchinson Island real estate is presented by Gabe Sanders, Stuart FL real estate

or search for all homes here

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Search for Atlantis Condos on Hutchinson Island for Sale

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

Atlantis Condos on Hutchinson Island October 2019 Market Report

St Lucie County Townhouses and Condos August 2019 Market Report

10.09.19 by

St Lucie County Townhouses and Condos August 2019 Market Report

The St Lucie County Townhouses and Condos market for August 2019 has now had four consecutive months of activity that is weaker than last year..  Closed sales were down by 29.9% from last year (were down by 6.8% in July). New pending sales were down by 14.4% for August (they were down by 11.3% in July).

Prices were mixed for August.  The median price increased by 4.9% from last year (was down by 10.1% in July) while the average sales price decreased by 23.3% (was up by 4.8% in July).

The inventory of available townhouses and condos decreased by 21 units from last month to 531 units, which is 7.7% greater than August 2018. The current inventory is 5.5 months, as compared to 4.7 months of inventory last year.  The St Lucie County townhouses and condos market remains as a slight seller’s market. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.

St Lucie County Townhouses and Condos August 2019 Market Report

Click here to view or download the full report

Click here to view past St. Lucie County townhouses and condos 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.

St Lucie County Townhouses and Condos August 2019 Market Report

Coral Point Real Estate Market Report October 2019

10.09.19 by

Coral Point Real Estate Market Report October 2019

There are no homes currently on the market in the Coral Point community of Rocky Point in Stuart FL.

There also are no homes currently under contract.

In the past 12 months, no homes have sold in Coral Point.  It appears that all of the homeowners are happy in this lovely community.

Click here to view previous Coral Point market reports.

About Coral Point in Rocky Point:

Coral Point is a small community of only 20 homes located in Rocky Point just off the Manatee Pocket in Stuart FL.  This community had its first home built in 1986 and was mostly finished by 1993, though there have been a few homes with some extensive remodeling and could be considered brand new.

Coral Point in Rocky Point Stuart

There are a number of wide waterfront homes in Coral Point with quick access to the Atlantic Ocean as this community lies only a mile or two from the inlet.  For those, not on the water there’s community day dock and fishing pier with excellent fishing for snook or so the residents inform me.

Coral Point in Rocky Point Stuart

This is an ungated community and there is a community tennis court.  As of this writing (October 2019), the HOA fees are under $500 per year.  This fee may vary slightly as the needs for the community maintenance change.

Coral Point in Rocky Point Stuart

Home sizes range from a 3 bedroom, 2 bath home with under 2,000 sq. ft. of living area up to a 4 bedroom, 4 bathroom home with over 5,000 sq. ft. of living area.  This is a beautiful secluded little community for those wishing to enjoy our Florida lifestyle

Coral Point in Rocky Point Stuart

Children of Coral Point will attend the Port Salerno elementary school, Murray middle and the South Fork high school.

Click here to see any currently available Coral Point Homes for Sale

Search here for all Coral Point homes for sale

Coral Point real estate is presented by Gabe Sanders, Stuart FL real estate

or search for all homes here

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Coral Point Real Estate Market Report October 2019

St Lucie County Single Family Homes August 2019 Market Report

10.08.19 by

St Lucie County Single Family Homes August 2019 Market Report

For August 2019 in the St Lucie County Single Family Home Market had weaker sales activity when compared to last year, while new pending sales activity increased slightly. Closed sales were down by 1.5% (in July they were up by 7.7%) and new sales under contract (new pending sales) increased by 1.7% (they were up by 11.5% last month).

Prices were up for the month.  The median sales price was up by 4.4% (was up by 5.0% in July).  The average sales price was up by 1.8% (it was up by 7.2% in July).

The number of available home listings decreased by 57 homes to 1,733 homes.  This inventory is still 6.1% higher than last year.  The current supply of homes is 3.7 months (it was 3.6 months last year).  The St Lucie County single-family home market remains in a strong sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes August 2019 Market Report

Click here to view or download the full report

Click here to view previous St. Lucie County single family home 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.

St Lucie County Single Family Homes August 2019 Market Report

The Estates at Stuart Condos October 2019 Real Estate Market Report

10.08.19 by

The Estates at Stuart Condos October 2019 Real Estate Market Report

For October 2019 there is 1 condo available to purchase in the Estates at Stuart.  The list price is $140,000 which is $180.41 per sq. ft. of living area.

There are also no condos currently under contract.

In the past 12 months, 2 condos have sold in the Estates.  Sales prices were $148,000 and $149,000 for an average sales price of $148,500 or $122.84 per sq. ft. of living area.  These condos averaged 9 days on the market prior to going under contract and sold for an average of 83% of list price.

View previous Estates at Stuart market reports here.

About The Estates at Stuart Condos:

Estates at Stuart Condos

The Estates at Stuart is a newer condo community with 123 units that was originally built as an apartment complex and then converted to condos beginning in 2005.  After the slowdown in the real estate market, a large number of these units were taken back by the developer and continue to be in the in-house rental program.  Currently, with only a very limited number of these condos available for private ownership, there is quite the demand for this community. This demand is based to the first class amenities in this gated community

Estates at Stuart

The amenities include a fully-equipped fitness center, children’s playground, a large resort-style pool with covered lanai, sand volleyball court, tennis court, recreation, and billiards lounge and beautiful landscaping. This is a gated community and only minutes from the historic downtown area of Stuart.  Also, only about 10 minutes to I-95 for those needing to commute either north or south.

Estates at Stuart

Also within easy reach of shopping, restaurants and medical facilities all of which makes for a very much sought after community.

Estates at Stuart Condos

Condos in the Estates at Stuart range from 1 bedroom 1 bathroom units up to 3 bedrooms 2 baths. Living area sizes vary from just under 800 sq. ft. to over 1,500 sq. ft.  Some units come with either attached or detached 1 car garages. This is a dog- and cat-friendly community allowing for up to one medium-sized pet.  The condo association fees vary by size of the unit and whether a garage is included or not.

Estates at Stuart

Click here to see if any Estates at Stuart Condos are available for sale

The Estates of Stuart real estate is presented by Gabe Sanders, Stuart FL real estate

or search for all homes here

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The Estates at Stuart Condos October 2019 Real Estate Market Report

Martin County Townhouses and Condos August 2019 Market Report

10.07.19 by

Martin County Townhouses and Condos August 2019 Market Report

The Martin County Townhouses and Condos August Market Report had mixed sales activity when compared to last year.  Closed sales for the month were up by 1.2%.  They were down by 4.3% in July.  While new sales under contract (new pending sales) were down by 19.6% from August 2018.  They increased by 14.0% in July.

Prices were down for August.  The median sales price decreased by 11.7% (was up by 3.1% in July) while the average sales price decreased by 19.1% (was down by 10.2% in July).

The inventory of available townhouses and condos increased by 2 units to 360 properties.  This is a 20.4% greater inventory then we had for in August 2018.  Currently, there’s a 3.9 month supply of inventory (compared to 3.0 months for August 2018).  Remaining in a seller’s market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos August 2019 Market Report

Click here to view or download the full report

Click here to view past Martin County Townhouses and Condos 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.

Martin County Townhouses and Condos August 2019 Market Report

Canopy Creek October 2019 Market Report

10.06.19 by

Canopy Creek October 2019 Market Report

There are 3 homes currently for sale in Canopy Creek in Palm City.  List prices range from $729,570 up to $954,990.  This is an average list price of $853,187 which equals $232.02 per sq. ft. of living area.

There are 3 homes currently under contract in Canopy Creek.  List prices ranged from $729,000 up to $989,000.   This works out to an average list price of $839,300 or $227.05 per sq. ft. of living area.  These homes were on the market for an average of 113 days prior to going under contract.

In the past 12 months, 6 Canopy Creek homes have sold.  Sales prices ranged from $700,000 up to $905,000.  This equals an average sales price of $808,283 which works out to $215.26 per sq. ft. of living area.  These homes averaged 142 days on market prior to going under contract and the sales prices averaged 97% of list price.

Click here to view past Canopy Creek Market reports.

About Canopy Creek in Palm City FL:

Canopy Creek in Palm City Florida

Canopy Creek in Palm City is a beautiful community for those seeking new construction homes with plenty of room for privacy.  With just 300 homes on 700 acres of preserves and wetlands, this community affords luxury living without the crowds of urban areas.  Each estate home in this Eco-friendly community is on a minimum of a half-acre lot and all offer peaceful views of protected Florida preserves.

Canopy Creek in Palm City Florida

Canopy Creek will be a gated private community with easy access to I-95 or the Florida Turnpike. Minutes from the famous Treasure Coast beaches of Florida, the area also offers fabulous shopping and dining in beautiful Stuart, Florida and one of the finest public school systems in Florida. Canopy Creek is your best choice for new homes in Palm City, Florida.

Canopy Creek in Palm City Florida

New homes range in size from just over 3,000 sq. ft. of living area to 4,100 sq. ft. with prices starting from the low $600,000’s.  Clients of the BlueWater Realty Team may qualify for some special promotional discounts.  Please call us for details.Search here for all Canopy Creek homes for sale

Canopy Creek real estate is presented by Gabe Sanders, Stuart FL real estate

or search for all homes here

Canopy Creek October 2019 Market Report

Pierpoint Yacht Club October 2019 Market Report

10.05.19 by

Pierpoint Yacht Club October 2019 Market Report

There are 4 condos for sale in Pierpoint for October 2019.  List prices range from $111,500 up to $149,000.  This is an average list price of $129,625 or $112.63 per sq. ft. of living space.

There are no condos currently under contract in Pierpoint.

In the past 12 months, 8 condos have sold in Pierpoint.  Sale prices ranged from $121,500 up to $315,000 for an average sales price of $165,875 which equals $134.66 per sq. ft. of living space.  These condos went under contract in an average of 31 days after being listed and sold at an average of 98% of list price.

About the Pierpoint Condos in Stuart FL:

Pierpoint Condos for Sale in Stuart FL

This friendly, active 55+ condominium offers two community pools, grills, shuffleboard, a waterfront clubhouse, and dock.

Pierpoint Condos in Stuart FL

Located in the heart of Stuart and on the shores of the wide Saint Lucie River, the Pierpoint Yacht Club Condominiums is the premier adult community in Stuart, Florida. An extremely well-maintained complex of 8 buildings, some of which have magnificent water views.

Pierpoint Condos in Stuart FL

Pierpoint has docks with boat slips for rent as available. Also on this dock is a fishing station and benches for all Pierpoint residents to enjoy and use. Stuart enjoys some of the finest fishing conditions in all of Florida and the east coast.

 Pierpoint Condos for Sale in Stuart FL

On the shores of the Saint Lucie River, Pierpoint has a large and active clubhouse with a full kitchen available for members and special occasions. Adjacent to the clubhouse is one of two heated pools, a billiard room, reading library and shuffleboard courts. There’s an outdoor lounge for sipping cocktails right on the shores of the wide Saint Lucie River. Lots of green space and ample parking complement this wonderful community.

 Pierpoint Condos for Sale in Stuart FL

Condo fees cover Basic Cable TV, Fire/Liability Insurance, Grounds / Plants, Maintenance Exterior, Manager, Pest Control, Recreational Facility, Roof Maintenance, Trash Removal, Water and Sewer.

Pierpoint Condos in Stuart FL

 Search for all Pierpoint Yacht Club Condos for Sale in Stuart Florida Real Estate

Pierpoint Yacht Club October 2019 Market Report

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Stuart Florida Real Estate presented by:
the Gabe Sanders BlueWater Realty team

Florida Townhouses and Condos August 2019 Market Report

10.03.19 by

Florida Townhouses and Condos August 2019 Market Report

The August Florida Townhouses and Condos Market Report had a slightly less active month for sales when compared to last August.  Closed sales were down by 2.9% as compared to last month’s increase of 4.3% and new sales under contract (new pending sales) decreased by 1.4% (In July there was a 3.3% increase).

Prices, though, were up for August.  The median sales price was up by 2.7% (was up by 4.4% in July), while the average sales price increased by 3.1% (was up 4.1% in July).

The inventory of active listings increased by 0.5% from August of last year.  We now have 5.4 months of inventory as compared to 5.3 months for August 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 August 2019 Market Report

Click on the link below or the graphic to see the full market Report report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos August 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 Single Family Homes August 2019 Market Report

10.02.19 by

Florida Single Family Homes August 2019 Market Report

The Florida Single Family Home sales showed improved activity from the same period last year, though.  The closed sales were up by 3.2% (were down by 10.4% in July) and new sales under contract (new pending sales) were up by 1.3% (were up by 7.4% in July).

Prices were also up for August.  The median sales price rose by 4.2% (it was up by 5.1% in July) and the average sales price was up by 3.2% (it was up by 6.3% last month).

The inventory of available homes for sale decreased by 5.1% from last year.  This is a 3.6 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (August 2018 also had a 4.0 month 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.

Florida Single Family Homes August 2019 Market Report

Click here to view or download the full report:
Florida Single Family Homes August 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.

Hobe Sound FL 33455 Condo Market Report August 2019

10.01.19 by

Hobe Sound FL 33455 Condo Market Report August 2019

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for August 2019

For August 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 9 active condo listings. (Down by 1 condo from July)

Hobe Sound FL 33455 Condo Market Report August 2019

6 Condos are pending and awaiting close. (Up by 1 condo from July)

Hobe Sound FL 33455 Condo Market Report August 2019

5 Condos sold in August. (Up by 2 condos from July)

Hobe Sound FL 33455 Condo Market Report August 2019

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  It is difficult to track such small numbers though this market remains quite active.

The absorption rate for Hobe Sound condos was 1.8 months for August (it was 3.3 months for July).  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 in percentages that do 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 August 2018 numbers were: 4 active listings, 4 pending sales, and 4 closed sales.  It’s difficult to make meaningful comparisons with last year when there’s such a small sampling of condos in Hobe Sound.   Though, there was some increased activity this year.

Hobe Sound FL 33455 Condo Market Report August 2019

Are you interested in the value of your Hobe Sound FL Condo?
Click on this link and fill out the form for an accurate personal evaluation

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

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

Hobe Sound FL 33455 Condo Market Report August 2019

Hobe Sound FL 33455 Residential Market Report August 2019

09.30.19 by

Hobe Sound FL 33455 Residential Market Report August 2019

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for August 2019

There are currently 190 active listings. (Down by 5 homes from July)

Hobe Sound FL 33455 Residential Market Report August 2019

67 Residential sales are pending and awaiting close  (Down by 9 homes from July)

Hobe Sound FL 33455 Residential Market Report August 2019

47 Homes Sold in August (Up by 9 homes from last month)

Hobe Sound FL 33455 Residential Market Report August 2019

The Hobe Sound Florida Market Report ZIP Code 33455 continues to be a strong and active residential real estate market even though the activity has moderated a bit in the past two months.

The current absorption rate for the Hobe Sound residential market dropped to 4.0 months (It was 5.1 months in July).  Remaining as a strong seller’s market.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for August 2018 were: 172 active listings, 81 pending sales, and 37 closed sales.  A better number of closed sales this year while pending sales were stronger last year on a reduced number of homes for sale.

Hobe Sound FL 33455 Residential Market Report August 2019

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Hobe Sound FL 33455 Residential Market Report August 2019

Renar River Place Condos September 2019 Market Report

09.30.19 by

Renar River Place Condos September 2019 Market Report

For September 2019 there is only 1 condo for sale in Renar River Place in downtown Jensen Beach FL.  The list price is $425,000 or $175.62 per sq. ft. of living area.

There are no condos currently under contract.

In the past 12 months, 4 condos have sold in Renar River Place.  Sales prices ranged from $280,000 up to $360,000.  This is an average sales price of $316,250 which is $197.60 per sq. ft. of living area.  These condos were on the market for an average of 271 days before going under contract and sold for 97% of list price.

View previous Renar River Place market reports here

About Renar River Place in Downtown Jensen Beach FL:

Renar River Place in Downtown Jensen Beach FL

One of the few newer condo communities in Martin County.  Renar River Place boasts spacious condos overlooking the Intracoastal Water Way (Indian River) right at the base of the Jensen Beach roundabout and causeway to Hutchinson Island.  There are also some townhouse-style condos associated with this complex along with a limited amount of commercial space, making this the perfect work and live destination.

Renar River Place in Downtown Jensen Beach FL

Renar River Place is in a great location within an easy walk to all of the quaint shops and restaurants of Jensen Beach.  HOA fees vary by the size of the condo and location, so please call us for the latest cost.  This community is open to all ages and pets are also welcomed.  For those wishing to use this location as an investment, liberal rental rules will allow some excellent returns.

Renar River Place in Downtown Jensen Beach FL

Search here for Renar River Place Condos for sale

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

Renar River Place Condos September 2019 Market Report

Sandpebble Condos Hutchinson Island September 2019 Market Report

09.29.19 by

Sandpebble Condos Hutchinson Island September 2019 Market Report

September 2019 Market Update for the Sandpebble Condo and Beach Club on Hutchinson Island in Stuart, Florida:

There are currently no condos available for sale in Sandpebble.

There are 3 Sandpebble condos currently under contract.  The list prices ranged from $315,000 up to $425,000.  This is an average list price of $388,333 or $296.44 per sq. ft. of living area.  These condos went under contract in an average of 101 days after being listed.

In the past 12 months, 9 Sandpebble condos have sold.  Sales prices ranged from $220,000 to $330,000.  This is an average sales price of $301,333 which works out to $274.84 per sq. ft. of living area.  These sales averaged 95% of list price and went under contract after an average of 62 days on the market.

View previous Sandpebble condo market reports here.

About the Sandpebble Condos on Hutchinson Island in Stuart FL:

Sandpebble Condos on Hutchinson Island in Stuart FL


On the beautiful and unspoiled portion of South Hutchinson Island lies one of the best-kept secrets in Martin County.  Located on a pristine 37 acres that reach from the Atlantic Ocean to the Indian River (Intracoastal Waterway).

Sandpebble Condos consist of 3 Ocean Front Buildings and 7 River Front buildings.  A total of 5 heated pools (3 riverside and 2 ocean side), along with deep water docks for 66 vessels.    Docks are available to residents only on a first come first served basis and are available for lease at a very reasonable $1.50 per foot per month.

Sandpebble Condos on Hutchinson Island in Stuart FL


On the spacious grounds, there is plenty of green space for outdoor activities, two hard court tennis courts and a fully-equipped clubhouse with kitchen and on-site management.  Both Oceanside and riverside sections are gated for secured entry only.  Residents have the use of both the river and Oceanside sections regardless of the location of their own units.

Hutchinson Island Condos in Sandpebble, Stuart, Florida

Construction of the Sandpebble complex began in 1982.  Recently all buildings were completely refurbished with metal roofs.  Other renovations included Hardi-Plank replacement for exterior wood surfaces, complete concrete (re-bar) restoration.  Also completed were the installation of a bulkhead protecting and enhancing the river-side property and structures, updated landscaping and the painting of all the buildings.

Sandpebble Condo on Hutchinson Island

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

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Sandpebble Condos Hutchinson Island September 2019 Market Report

Westwood Country Estates September 2019 Market Report

09.28.19 by

Westwood Country Estates September 2019 Market Report

As of September 2019, there are 2 homes available to purchase in Westwood Country Estates in Palm City, FL.  The list prices are $625,000 and $768,000.  This is an average of $696,500 or $179.44 per sq. ft. of living area.

There are no homes currently under contract (pending sale).

There have been 5 homes sold in the past 12 months in Westwood Country Estates.  Sales prices ranged from $440,000 up to $675,000.  This works out to an average sales price of $542,600 which is equal to $188.04 per sq. ft. of living area.  This sales averaged 95% of list price and went under contract in an average of 30 days after going on the market.

View previous Westwood Country Estates market reports here

About Westwood Country Estates in Palm City Florida:

Westwood Country Estates in Palm City Florida

Westwood Country Estates is a wide-open, gorgeous community that features statuesque homes that are beautifully placed on oversized lots of 1/2 acre or more, that will give you and your family plenty of room to grow!  Wonderfully landscaped throughout, Westwood Country Estates will make you feel proud to come home to.  Every home is unique and there is sure to be one you will fall in love with!

Westwood Country Estates

There are only 77 homes in Westwood Country Estates in Palm City Florida.  Homeowner association fees are a very reasonable $375 per year.

Westwood Country Estates in Palm City Florida

Palm City is a great place to raise a family with its “A” rated schools and proximity to I-95 and Florida’s Turnpike which opens you to all the opportunities of both Martin County and it’s neighbors, just a short drive North or South!  Martin County has lots of recreational areas and opportunities to enjoy many opportunities outdoors with your family!

Westwood Country Estates in Palm City Florida

Westwood Country Estates Homes 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.

Westwood Country Estates September 2019 Market Report