Palm City FL 34990 Condo Market Report March 2019

Palm City FL 34990 Condo Market Report March 2019

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for March 2019

For March 2019 in the 34990 Zip Code area of Palm City, Florida :

There are currently 85 active condo listings. (Decreased by 5 condos from February)

Palm City FL 34990 Condo Market Report March 2019 

15 Condo sales are pending and awaiting close or lender approval. (Down by 4 condos from last month)

Palm City FL 34990 Condo Market Report March 2019

11 Condos Sold in March. (Up by 7 condos from February)

Palm City FL 34990 Condo Market Report March 2019

The Palm City FL 34990 condo real estate market remains a fairly small segment of the Martin County condo market.  The sales activity in this market is challenging because of two condo communities with high equity and association fees that are currently not in favor with the general public.  Though, those who love golf, there are some incredible bargains in these communities.  March showed a nice rise in activity for these communities.

The current absorption rate for condos in the 34990 zip is 7.7 months (was 22.5 months in February).  Still a buyer’s market for Palm City condominiums but much better than the last few months.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The March 2018 numbers were: 96 active listings, 12 pending sales, and 9 closed sales.  Better sales and pending activity this year on lower inventory.
Palm City FL 34990 Condo Market Report March 2019
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Palm City Florida Real Estate presented by
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Palm City FL 34990 Condo Market Report March 2019

Stuart Florida 34994 Residential Market Report March 2019

Stuart Florida 34994 Residential Market Report March 2019

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

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

There are currently 90 active listings (Down by 3 homes from February)

Stuart Florida 34994 Residential Market Report March 2019

38 Residential sales are pending and awaiting close or lender approval (Increased by 3 homes from last month).

Stuart Florida 34994 Residential Market Report March 2019

19 Homes Sold in May (Increased by 5 homes from February)

Stuart Florida 34994 Residential Market Report March 2019

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida showed stronger activity when compared to last month along with a small drop in inventory.

The one-month absorption rate for the 34994 zip code for February dropped to 4.7 months from 6.6 months for February.  Transitioning back into a seller’s market t for the 34994 zip code area of Stuart, FL after one month as a balanced market and another in a buyer’s market.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The March 2018 numbers were 75 Active Listings, 34 pending sales, and 27 closed sales.  Stronger sales activity last year on less inventory.

Stuart Florida 34994 Residential Market Report March 2019

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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

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

Stuart Florida 34994 Residential Real Estate Market Report March 2019

Fairwinds Cove Condos in Jensen Beach April 2019 Market Update

Fairwinds Cove Condos in Jensen Beach April 2019 Market Update

There are currently 5 condos for sale in Fairwinds Cove on Hutchinson Island in Jensen Beach Florida. These condos were listed from $239,900 up to $299,900.  This is an average list price of $272,720 or $247.48 per square foot of living area.

There is 1 condo currently under contract.  The list price was $284,000 which is $257.71 per square foot of living area.  This condo was on the market for 174 days prior to going under contract.

In the past 12 months, 3 Fairwinds Cove condo has sold.  Sales prices ranged from $224,000 up to $275,000.  This works out to an average sales price of $256,333 which equals $219.02 per square foot of living area.  These condos sold for an average of  93% of list price and were on the market for an average of 123 days before going under contract.

About Fairwinds Cove in Jensen Beach FL:

Fairwinds Cove in Jensen Beach

Fairwinds Cove Condos in Jensen Beach

Entrance to Fairwinds Cove

Located in beautiful Jensen Beach, Florida on the East side of the Jensen Beach Causeway is Fairwinds Cove.  A waterfront condo complex of 10 four-story buildings with only 4 suites per floor.  Many of these condos with wonderful sweeping views of the Indian River (the Intracoastal Waterway that runs through Martin County).
Fairwinds Cove Condos in Jensen Beach

The pool at Fairwinds Cove

Fairwinds Cove Condos in Jensen Beach

Docks of Fairwinds Cove

This condo complex built in multiple phases from 1974 to 1983 boasts two swimming pools, tennis courts, shuffleboard, waterside walking paths, a recently refurbished clubhouse with full kitchen, meeting room, fitness room, billiards and more.  Fairwinds Cove also has deeded docks with great access to fishing, water sports and only a few minutes to the crystal clear waters of the Atlantic Ocean.

Fairwinds Cove Condos in Jensen Beach

Fairwinds Cove

Fairwinds Cove is a non-age restricted community that allows one small pet.  There is a strong sense of community with many long-time seasonal and full-time residents.  Located within an easy walk to the beach and just a short drive to charming downtown Jensen Beach as well as the many amenities offered in Martin County, Florida.

Fairwinds Cove Condos in Jensen Beach

Fitness Room of Fairwinds Cove

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Fairwinds Cove Condos in Jensen Beach April 2019 Market Update

Martin County Townhouses and Condos February 2019 Market Report

Martin County Townhouses and Condos February 2019 Market Report

Martin County Townhouses and Condos February 2019 Market Report resulted in considerably weaker sales activity when compared to last year.  Closed sales for the month were down by 27.8% (were down by 10.0% in January) while new sales under contract (new pending sales) were down by 24.6% from February 2018 (decreased by 16.0% in January).

Prices, though, continue to go up.  The median sales price increased by 14.3% (was up by 17.6% in January) while the average sales price increased by 18.4% (was also up by 18.4% in January).

The inventory of available townhouses and condos increased by 51 units to 455 properties as compared to last month.  This is 3.9% greater inventory then the February 2018 data.  Currently, there’s a 4.7 month supply of inventory (compared to 4.4 months for February 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 February 2019 Market Report

Click here to view or download the full report:
Martin County Townhouses and Condos February 2019 Market Report

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 February 2019 Market Report

Martin County Single Family Homes February 2019 Market Report

Martin County Single Family Homes February 2019 Market Report

The Martin County Single Family Homes February 2019 Market Report continued with weaker sales activity when compared to last year.  Closed sales were down by 0.6% (were down by 18.4% in January).  While new pending sales decreased by 6.0% as compared to February 2018 (Increased by 7.3% in January).

Prices were mixed for February.  The median sales price was down by 7.9% from last year (up by 10.8% in January) while the average sales price increased by 2.0% (was up by 49.3% last month).

The inventory of available single-family homes increased from last month by 48 homes to 1178 units for February,  this is 13.4% greater than last February.  The current supply of homes is 5.9 months, for February of last year, it was 5.1 months supply.  We’re still in a seller’s market for Martin County single-family home sales, but only barely.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Single Family Homes February 2019 Market Report

Click here to view or download the full report:
Martin County Single Family Homes February 2019 Market Report

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 Single Family Homes February 2019 Market Report