Martin County Townhouses and Condos April 2019 Market Report

06.12.19 by

Martin County Townhouses and Condos April 2019 Market Report

Martin County Townhouses and Condos April 2019 Market Report continues with weaker sales activity when compared to last year.  Closed sales for the month were down by 4.8% (were down by 19.9% in March) while new sales under contract (new pending sales) were down by 22.3% from April 2018 (decreased by 1.5% in March).

Prices, though, continue to rise at strong rates.  The median sales price increased by 11.0% (was down by 1.1% in March) while the average sales price increased by 11.1% (was up by 2.3% in March).

The inventory of available townhouses and condos decreased by 5 units to 446 properties as compared to last month.  This is 3.7% greater inventory then we had in April 2018.  Currently, there’s a 4.7 month supply of inventory (compared to 4.4 months for April 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 April 2019 Market Report

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

Martin County Single Family Homes April 2019 Market Report

06.11.19 by

Martin County Single Family Homes April 2019 Market Report

The Martin County Single Family Homes April 2019 Market Report had quite a strong April after a few weaker months to start the year.  Closed sales were up by 13.7% (were down by 13.4% in March).  While new pending sales increased by 3.0% as compared to April 2018 (Decreased by 2.3% in March).

Prices were lower for April.  The median sales price was down by 1.4% from last year (up by 0.9% in March) while the average sales price decreased by 14.5% (was up by 0.4% last month).

The inventory of available single-family homes decreased from last month by 2 homes to 1104 units for April,  this is 5.6% less inventory than last April.  The current supply of homes is 5.6 months.  For April of last year, it was a 4.9 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 April 2019 Market Report

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

Bay Colony of Stuart June 2019 Market Report

06.07.19 by

Bay Colony of Stuart June 2019 Market Report

As of June 2019, there were 3 homes available for sale in the Bay Colony of Stuart. These homes have list prices ranging from $449,000 up to $1,699,000.  This is an average list price of $915,667 or $217.39 per sq. ft. of living area.

There are no homes currently under contract.

3 Bay Colony homes have sold in the past 12 months.  Sales prices ranged from $475,000 up to $835,000.  The average sales price works out to $615,000 which equals $233.02 per sq. ft. of living area.  These homes sold for an average of 96% of list price after being on the market for an average of 66 days before going under contract.

View some Bay Colony homes for sale:

About the Bay Colony of Stuart:

Bay Colony of Stuart

The Bay Colony of Stuart is an exclusive gated community lying on the shores of the North Fork of the Saint Lucie River.  There are 34 home sites in Bay Colony and as of February 2019, only two vacant lots remain.

Bay Colony of Stuart

Many homes in Bay Colony are waterfront and enjoy gorgeous mile long wide open views of the river.  Homes come in sizes from 3 bedroom, 2 bathroom homes of just over 2,000 sq. ft. of living area up to a 5 bedroom, 5 bathroom home with over 5,000 sq. ft. of living space and almost 6,300 sq. ft. under roof.  Homes have been built from 1979 to the newest which was completed in 2005.

Bay Colony of Stuart

This community enjoys low HOA fees of only $810 per year (June 2019) which go towards maintaining the common areas, management fees, trash pickup, and gate.

Bay Colony of Stuart

Excellent location that’s close to the Treasure Coast Mall and the shopping areas of US-1 in Jensen Beach as well as only a few minutes to the beaches of the Atlantic Ocean.

Bay Colony of Stuart

This community is in the Martin County School system and children attend the Felix Williams Elementary, Stuart Middle, and Jensen Beach High Schools.

 Search here for:

Bay Colony Homes for Sale

Bay Colony of Stuart June 2019 Market Report

Martin County Townhouses and Condos 2019 1’st Quarter Report

06.04.19 by

Martin County Townhouses and Condos 2019 1’st Quarter Report

1’st Quarter 2019

Click the image below to view the full details of the Martin County townhouses and condos market report data as reported by Martin County Realtor for the 1’st Quarter 2019.

Martin County Townhouses and Condos 2019 1'st Quarter Report

The Martin County townhouse and condo market had weaker sales activity when compared to last year in the first quarter of 2018.  Prices, though, continued to rise rapidly.  The inventory of available properties is an issue in this market.  Continuing in a seller’s market for Martin County townhouses and condos.

To view the full report, click the image above or this link.

View the entire set of data at GabeSanders.com

Martin County Townhouses and Condos 2019 1’st Quarter Report

Martin County Single Family Homes 2019 1’st Quarter Report

06.03.19 by

Martin County Single Family Homes 2019 1’st Quarter Report

Click the image below to view the full details of the Martin County single-family homes market report data as reported by Martin County Realtor for the 1’st Quarter 2019.

Martin County Single Family Homes 2019 1'st Quarter Report

The Martin County single family home market showed slower sales volume when compared to the first quarter of 2018, last year.   Prices, on the other hand, continued to rise.  Though, it remains an active market.

To view the full report, click the image above or this link.

View the entire set of data at GabeSanders.com

Martin County Single Family Homes 2019 1’st Quarter Report

Hobe Sound FL 33455 Condo Market Report April 2019

05.29.19 by

Hobe Sound FL 33455 Condo Market Report April 2019

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

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

There are currently 8 active condo listings. (Up by 4 condos from March)

Hobe Sound FL 33455 Condo Market Report April 2019

1 Condo is pending and awaiting close. (Unchanged from March)

Hobe Sound FL 33455 Condo Market Report April 2019

No Condos sold in April. (Down by 3 condos from March)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  The inventory of available condos has once again reached very small levels and this will impact future condo market activity in Hobe Sound.

The absorption rate for Hobe Sound condos cannot be determined with no sales for April.  For March it was a 2 month absorption rate.  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 April 2018 numbers were: 8 active listings, 5 pending sales, and 7 closed sales.  There was better activity last year.

Hobe Sound FL 33455 Condo Market Report April 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 April 2019

Jensen Beach FL 34957 Condo Market Report April 2019

05.23.19 by

Jensen Beach FL 34957 Condo Market Report April 2019

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for April 2019

For April 2019 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County):

There are currently 107 active listings. (Increased by 3 condos from March)

Jensen Beach FL 34957 Condo Market Report April 2019

52 Condo sales are pending and awaiting settlement. (Down by 2 condos from March)

Jensen Beach FL 34957 Condo Market Report April 2019

32 Condos Sold (Up by 10 condos from March)

Jensen Beach FL 34957 Condo Market Report April 2019

 The Jensen Beach FL 34957 Condo Market Report showed a very strong number of closed sales for April.

The one-month absorption rate for the April 2019, Jensen Beach Florida Market Report ZIP Code 34957 dropped to 3.3 months (from 4.7 months in March), into an even more extreme seller’s market.  A balanced market is considered to be a 6 to 7-month absorption rate favoring neither the buyer or seller.

The April 2018 numbers were: 118 active listings, 40 pending sales, and 42 condos closed.  There’s a higher number of pending sales this year while closed sales were lower.  Though, this is on a reduced inventory of available Jensen beach condos for sale.

Jensen Beach FL 34957 Condo Market Report April 2019

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

Jensen Beach 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.

Jensen Beach FL 34957 Condo Market Report April 2019

Stuart West Palm City May 2019 Market Report

05.23.19 by

Stuart West Palm City May 2019 Market Report

There are currently 11 homes for sale in Stuart West.  List prices range from $550,000 up to $1,075,000. This is an average price of $762,509 which is $205.74 per sq. ft. of living area.

There are 2 homes currently under contract. These homes were listed for $625,000 and $779,000.  This is an average list price of $702,000 or $190.33 per sq. ft. of living area.  These homes were on the market for an average of 158 days prior to going under contract.

In the past 12 months, 13 homes have sold in Stuart West.  Sale prices ranged from $532,000 up to $800,000.  This works out to an average sale price of $656,769 which equals a per sq. ft. of living area $199.30.  These homes sold for an average of 94% of list price and averaged 94 days on the market.

About Stuart West in Palm City Farms FL:

Stuart West in Palm City Farms FL

Stuart West is an upscale gated equestrian community located adjacent to the Stuart West and the Fox Club in western Palm City.  Just off the I-95 exit, Stuart West is an easy commute for those who work either south or north of Martin County, yet want to enjoy the superior amenities that Palm City has to offer.

Stuart West in Palm City FL

Stuart West resides on over 1,000 acres of pristine land with 249 home sites ranging from 2 to over 10 acres.  There are over 11 miles of waterways located throughout the community which makes for an idyllic setting for this family-friendly equestrian community.

Stuart West in Palm City Farms FL

Community amenities include a playground, community boat ramp to the C-23 canal, a 10-acre equestrian center, 24 hour manned security gate (shared with Cobblestone) and security patrols, and an underground cable and routing system for the best high-end internet connectivity.  All of this in Martin County’s ‘A’ rated school system.  And school bus service is provided inside the community.

Stuart West in Palm City Farms FL

Currently, Stuart West’s children attend Citrus Grove Elementary, Hidden Oaks Middle and South Fork High Schools.

Stuart West in Palm City Farms FL

Home construction started in Stuart West in 1984 and continues to this day with approximately 52 vacant lots yet to be built upon.  Though many of these lots are being kept as pastures by the adjacent homeowners.   Home sizes range from 3 Bedroom, 2 Bath homes of around 2,000 sq. ft. of living area all the way to 7 Bedroom, 5 Bathroom estates with over 5,500 sq. ft. under air.  The HOA fee is a very reasonable $121 per month which covers security and all the amenities this wonderful community has to offer.

Stuart West in Palm City FL

More information about Stuart West can be found on their property owners’ website here.

Stuart West Homes for Sale

Search for Martin County Real Estate

Vacant Land for Sale in Stuart West

Stuart West Palm City May 2019 Market Report

Palm City FL 34990 Condo Market Report April 2019

05.17.19 by

Palm City FL 34990 Condo Market Report April 2019

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

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

There are currently 78 active condo listings. (Decreased by 7 condos from March)

Palm City FL 34990 Condo Market Report April 2019 

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

Palm City FL 34990 Condo Market Report April 2019

11 Condos Sold in April. (Unchanged from March)

Palm City FL 34990 Condo Market Report April 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.  April showed a nice rise in activity for these communities.

The current absorption rate for condos in the 34990 zip is 7.1 months (was 7.7 months in March).  Remaining in a buyer’s market for Palm City condos.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The April 2018 numbers were: 88 active listings, 15 pending sales, and 7 closed sales.  Better sales and pending activity this year on lower inventory.
Palm City FL 34990 Condo Market Report April 2019
Are you interested in the value of your Palm City FL Condo?
Click on this link and fill out the form for an accurate personal evaluation

Search here for condos for sale in the 34990 zip code area of Palm City FL

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

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

Palm City FL 34990 Condo Market Report April 2019

Stuart Florida 34994 Residential Market Report April 2019

05.14.19 by

Stuart Florida 34994 Residential Market Report April 2019

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

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

There are currently 91 active listings (Up by 1 home from March)

Stuart Florida 34994 Residential Market Report April 2019

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

Stuart Florida 34994 Residential Market Report April 2019

17 Homes Sold in May (Decreased by 2 homes from March)

Stuart Florida 34994 Residential Market Report April 2019

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida showed slightly weaker activity than last month but remains quite active..

The one-month absorption rate for the 34994 zip code for March rose to 5.4 months from 4.7 months for March.  Remaining in a seller’s market t for the 34994 zip code area of Stuart, FL   A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The April 2018 numbers were 74 Active Listings, 35 pending sales, and 13 closed sales.  Better sales activity this year.  Pending sales are the same as last year.  All with a higher inventory of available homes for sale.

Stuart Florida 34994 Residential Market Report April 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

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 April 2019

Legacy Cove Stuart FL May 2019 Market Report

05.11.19 by

Legacy Cove Stuart FL May 2019 Market Report

There are currently 6 homes available for sale in Legacy Cove in Stuart, FL.  List prices range from $335,000 up to $645,000.  This is an average list price of $461,800 which works out to $178.18 per sq. ft. of liv

ing area.

There are 3 Legacy Cove homes currently under contract awaiting settlement.  List prices range from $404,000 up to $555,000.  For an average list price of $454,667or $178.18 per sq. ft. of living area.  These homes were on the market for an average of 64 days before going under contract.

In the past 12 months, 8 homes have sold in Legacy Cove with sales prices ranging from $335,000 up to $625,000. This is an average sales price of $420,313 which works out to $172.18 per sq. ft. of living area.  These sales averaged 98% of list price and went under contract in an average of 59 days after going on the market.

About Legacy Cove in Stuart FL:

Legacy Cove in Stuart FL

Legacy Cove in Stuart Florida is a gated lakeside community of 229 homes off Cove Road in Stuart, Florida.  Legacy Cove consists of two sections. The first section of 142 homes called the Cove Isle development was mostly completed between 2004 and 2005.  The newer section, called the Cove Lakes development consists of 87 home sites with construction that began in 2007.  Some homes are yet to be completed in Cove lakes.

Legacy Cove in Stuart FL

There’s a wide variety of homes in Legacy Cove, ranging from the smallest, a 3 bedroom, 2 bathroom, 2 car garage with a little under 1,600 square feet of living area to  4, possible 5 bedroom, 3 and a 1/2 bathroom, 3 car garage two story homes with almost 4,000 square feet of living area.  And many sizes in between.

Legacy Cove in Stuart FL

Legacy Cove boasts a community pool and clubhouse with a fitness center as well as two hard-surfaced tennis courts.  Many homes in Legacy Cove in Stuart Florida have serene lake views and a comfortable private feeling.  Located just minutes from I-95, this is a great location for those wishing to take advantage of Martin County’s amenities while still having an easy commute to work either north or south.

Legacy Cove in Stuart FL

Legacy Cove is in an ‘A’ Martin County school system with children currently attending Pinewood elementary school, Dr. David L Anderson middle school, and Martin County high school.

Legacy Cove in Stuart FL

The HOA fees are very reasonable at $688.00 per quarter.  Management of the community is through Bristol Management of Stuart.

Legacy Cove in Stuart FL

Residents of Legacy Cove in Stuart FL enjoy a relaxing lifestyle with easy access to restaurants, shopping and the many waterways, beaches and public parks that Martin County has to offer.

Search here for Legacy Cove Homes for Sale

Legacy Cove in Stuart FL

For any questions you November have about Legacy Cove Stuart FL, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Stuart Florida Real Estate

Residential Homes, Condos, and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Legacy Cove Stuart FL May 2019 Market Report

 

May 2019 Market Report for Ocean House in Indian River Plantation

05.09.19 by

May 2019 Market Report for Ocean House in Indian River Plantation

May 2019 Market Report for Ocean House Condos in Indian River Plantation, Hutchinson Island in Stuart, FL

For May 2019, there are 5 active listings on the market in Ocean House, with list prices ranging from $499,000 up to $899,000.  This is an average list price of $616,400 or $437.29 per square ft. of living area.

There are two condos currently under contract awaiting settlement.  List prices are $535,000 and $550,000.  This equals an average list price of $542,500 which works out to 396.30.  These condos were on the market for an average of 25 days before going under contract.

In the past 12 months, there were 6 condo sales in Ocean House.  Sales prices ranged from $440,000 up to $640,000.  This is an average sales price of $568,667 which equals $4424.38 per square foot of living area.  These condos sold for an average of 97% of list price and went under contract in an average of 71 days after being listed.

About Ocean House Condos in Indian River Plantation:

 Ocean House Condos in Indian River Plantation

One of the newest buildings in Indian River Plantation, Ocean House, is also the most magnificent.  Consisting of 79 Luxury Condo units of either 2 or 3 spacious bedrooms with amenities galore.  All suites have Ocean views, even the first-floor units, which are in actuality the equivalent of being on the third floor as there are two parking levels for residents to enjoy covered parking.

Ocean House Condos in Indian River Plantation

Ocean House has a newly renovated clubhouse area featuring an updated kitchen with granite countertops and stainless steel appliances.  Two flat screen televisions and free wi-fi for those that need connectivity.

Ocean House Condos in Indian River Plantation

A heated pool and lanai area that’s perfect for lounging close to the beach, or walk down your private access to enjoy the crystal blue waters of your private Atlantic ocean beach.

Ocean House Condos in Indian River PlantationBeachfront Condos in Indian River Plantation

Barbecue area with a Tiki Hut for those nights that you want to eat out under the stars.

The Marriott Resort at Indian River Plantation Features:

Riverwood Condos in Indian River Plantation

Indian River Plantation consists of numerous condominium associations and buildings.  All styles from Oceanfront to Riverfront and Golf and Tennis villas can be found here.  IRP is associated and co-located with the Marriott Resort and Marina.

Beachfront Condos in Indian River Plantation

Tucked away on Hutchinson Island, the Treasure Coast’s 16-mile lush barrier island is a unique resort that greets guests with the warmth of true Southern hospitality.

Indian River Plantation

The Hutchinson Island Marriott Beach Resort and Marina stretches across 200 acres of plantation landscape on Hutchinson Island, bordered on one side by the Atlantic Ocean and by the shimmering Indian River on the other side.

Plantation Club Villas in Indian River Plantation

A newly remodeled lobby with sweeping draperies, plantation-style wood furnishings, and tropical tones sets the stage for a magical golf getaway. This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.

Fairway Villas in Indian River Plantation

The Hutchinson Island Marriott offers guests and residents two tiki bars and their Signature Restaurant, the Baha Grille. Thirteen Novagrass tennis courts, miles of unspoiled beaches, water sports, deep sea fishing, and a full-service 77-slip marina anchored on the Indian River round out a perfect vacation of sun and fun.

Ocean House in Indian River Plantation

Resort amenities also include three heated pools with sundecks, game rentals from the Activities Hut, two outdoor spas and supervised activities for both children and teens.

Hutchinson Island Condos For Sale

Stuart, Florida Real Estate presented for your consideration by:
the Gabe Sanders real estate team

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May 2019 Market Report for Ocean House in Indian River Plantation

Martin County Townhouses and Condos March 2019 Market Report

05.08.19 by

Martin County Townhouses and Condos March 2019 Market Report

Martin County Townhouses and Condos March 2019 Market Report resulted in considerably weaker sales activity when compared to last year but better than last month.  Closed sales for the month were down by 19.9% (were down by 27.8% in February) while new sales under contract (new pending sales) were down by 1.5% from March 2018 (decreased by 24.6% in February).

Prices were mixed for the month.  The median sales price decreased by 1.1% (was up by 14.3% in February) while the average sales price increased by 2.3% (was up by 18.4% in February).

The inventory of available townhouses and condos decreased by 4 units to 451 properties as compared to last month.  This is 1.1% greater inventory then the March 2018 data.  Currently, there’s a 4.7 month supply of inventory (compared to 4.5 months for March 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 March 2019 Market Report

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

Martin County Single Family Homes March 2019 Market Report

05.07.19 by

Martin County Single Family Homes March 2019 Market Report

The Martin County Single Family Homes March 2019 Market Report continued with weaker sales activity when compared to last year.  Closed sales were down by 13.4% (were down by 0.6% in February).  While new pending sales decreased by 2.3% as compared to March 2018 (Decreased by 6.0% in February).

Prices were mixed for March.  The median sales price was up by 0.9% from last year (down by 7.9% in February) while the average sales price decreased by 0.4% (was up by 2.0% last month).

The inventory of available single-family homes decreased from last month by 72 homes to 1106 units for March,  this is 6.1% greater than last March.  The current supply of homes is 5.7 months, for March 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 March 2019 Market Report

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

Hobe Sound FL 33455 Condo Market Report March 2019

04.30.19 by

Hobe Sound FL 33455 Condo Market Report March 2019

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

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

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

Hobe Sound FL 33455 Condo Market Report March 2019

1 Condo is pending and awaiting close. (Down by 1 condo from February)

Hobe Sound FL 33455 Condo Market Report March 2019

3 Condos sold in March. (Up by 2 condos from February)

Hobe Sound FL 33455 Condo Market Report March 2019

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  The inventory of available condos has once again reached very small levels and this will impact future condo market activity in Hobe Sound.  Yet, even with such little inventory, these condos are selling well.

The absorption rate for Hobe Sound condos was 0.33 months for March as compared to 2 months in February).  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 March 2018 numbers were: 9 active listings, 9 pending sales, and 2 closed sales.  Considerably better activity last year, along with a greater number of condos available for sale.

Hobe Sound FL 33455 Condo Market Report March 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

Hobe Sound FL 33455 Condo Market Report March 2019

Jensen Beach FL 34957 Condo Market Report March 2019

04.24.19 by

Jensen Beach FL 34957 Condo Market Report March 2019

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for March 2019

For March 2019 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County):

There are currently 104 active listings. (Decreased by 18 condos from February)

Jensen Beach FL 34957 Condo Market Report March 2019

54 Condo sales are pending and awaiting settlement. (Up by 18 condos from February)

Jensen Beach FL 34957 Condo Market Report March 2019

22 Condos Sold (Up by 9 condos from February)

Jensen Beach FL 34957 Condo Market Report March 2019

 The Jensen Beach FL 34957 Condo Market Report rebounded strongly from a couple of weak winter months.  Both closed and ending sales saw significant improvements from the past few months.

The one-month absorption rate for the March 2019, Jensen Beach Florida Market Report ZIP Code 34957 plunged to 4.7 months (from 9.4 months in February), back into a seller’s market after a few months absence.  A balanced market is considered to be a 6 to 7-month absorption rate favoring neither the buyer or seller.

The March 2018 numbers were: 109 active listings, 58 pending sales, and 27 condos closed.  A better volume of closed and pending sales last year for Jensen Beach condos.

Jensen Beach FL 34957 Condo Market Report March 2019

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

Jensen Beach Florida Real Estate presented by:
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Jensen Beach FL 34957 Condo Market Report March 2019

Palm City FL 34990 Condo Market Report March 2019

04.18.19 by

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

Search here for condos for sale in the 34990 zip code area of Palm City FL

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

04.15.19 by

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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Stuart Florida 34994 Residential Real Estate Market Report March 2019

Fairwinds Cove Condos in Jensen Beach April 2019 Market Update

04.12.19 by

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

04.09.19 by

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