Hobe Sound FL 33455 Condo Market Report December 2018

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for December 2018

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

There is currently only 1 active condo listing. (Decreased by 1 condo from November)

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

5 Condos sold in December. (Up by 2 condo from November)

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 moving off the market quite fast.

The absorption rate for Hobe Sound condos was 0.2 months for December as compared to 0.7months in November). 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 December 2017 numbers were: 10 active listings, 5 pending sales, and 4 closed sales. Similar sales activity when compared to last year but with hardly any inventory of condos for sale.

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Hobe Sound FL 33455 Condo Market Report December 2018

Archipelago of Sewalls Point January 2019 Market Report

01.25.19 by Gabe Sanders

The Archipelago of Sewalls Point January 2019 Market Report

For January 2019 there are 3 homes available for purchase in the Archipelago of Sewalls Point. The list prices range from $820,000 up to $1,595,000. This is an average list price of $1,286,667 or $432.05 per sq. ft. of living area.

There is 1 home currently under contract. The list price was $2,200,000 which is $737.02 per sq. ft. of living area. This home was on the market for 167 days prior to going under contract.

In the past 12 months, there has been 1 sale in the Archipelago of Sewalls Point. This home sold for $600,000 which equals $243.11 per sq. ft. of living area. It was on the market for 96 days until going under contract and sold for 96% of list price.

About the Archipelago of Sewalls Point:

the Archipelago of Sewalls Point

Located in the prestigious town of Sewalls Point, Florida the Archipelago is a non-gated neighborhood of all waterfront homes with access to the crystal clear waters of the Atlantic Ocean through the Saint Lucie Inlet in Martin County, Florida. All the homes in the Archipelago are on either the wide waters of the Indian River or located on deep water canals. The Saint Lucie Inlet to the Atlantic is less than two miles away by water. Access is maintained by dredging all Archipelago waterways to 6’. Homes range from modest older frame homes to spectacular estate lots with magnificent views.

The link below will take you to all currently available Archipelago homes in Sewalls Point, Florida

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the Archipelago of Sewalls Point

The Archipelago of Sewalls Point January 2019 Market Report

Jensen Beach FL 34957 Condo Market Report December 2018

01.24.19 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report December 2018

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for December 2018

For December 2018 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County):

There are currently 110 active listings. (Increased by 10 condos from November)

18 Condo sales are pending and awaiting settlement. (Down by 6 condos from November)

12 Condos Sold (Down by 3 condos from November)

The Jensen Beach FL 34957 Condo Market Report had c continued increase in inventory and unfortunately a decrease in both pending and closed sales..

The one-month absorption rate for the December 2018, Jensen Beach Florida Market Report ZIP Code 34957 jumped to 9.2 months (from 6.7 months in November), now a buyer’s market for the first time in quite a while. A balanced market is considered to be a 6 to 7-month absorption rate favoring neither the buyer or seller.

The December 2017 numbers were: 108 active listings, 26 pending sales, and 16 condos closed. There was considerably better activity last year.

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Jensen Beach FL 34957 Condo Market Report December 2018

Palm City FL 34990 Condo Market Report December 2018

01.22.19 by Gabe Sanders

Palm City FL 34990 Condo Market Report December 2018

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for December 2018

For December 2018 in the 34990 Zip Code area of Palm City, Florida :

There are currently 97 active condo listings. (Increased by 8 condos from November)

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

0 Condos Sold in December. (Down by 2 condos from November)

The Palm City FL 34990 condo real estate market remains a fairly small segment of the Martin County condo market. No sales for December but we do have some condos under contract. The sales activity in this market is skewed by two tough condo communities with high equity and association fees that make this market quite challenging.

The current absorption rate for condos in the 34990 zip code can’t be calculated with 0 sales for this month (was 44.5 months in December). An extreme buyer’s market for Palm City condominiums. A balanced market is considered to be an absorption rate of around 6 to 7 months.

The December 2017 numbers were: 101 active listings, 16 pending sales, and 10 closed sales. Better activity last year.

Palm City FL 34990 Condo Market Report December 2018

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Palm City FL 34990 Condo Market Report December 2018

Lake Tuscany January 2019 Market Report

01.18.19 by Gabe Sanders

Lake Tuscany January 2019 Market Report

As of January 2019, there is only 1 home available for sale in Lake Tuscany in Stuart FL. This home is listed for $449,900 which is an average price per square foot of living area of $125.67.

There is 1 home currently under contract. This home was listed for $369,900 or $177.50 per sq. ft. of living area and was on the market for 18 days prior to going under contract.

In the past 12 months, 10 homes have sold in Lake Tuscany ranging in sales price from $375,000 up to $543,250. This works out to an average sales price of $454,425 which equals $153.26 per sq. ft. of living area. These homes took an average of 94 days on market to go under contract and sold at 97% of list price.

About Lake Tuscany in Stuart Florida:

Lake Tuscany in Stuart FL is a newer subdivision just to the west of I-95 in Martin County, Florida. The homes in Lake Tuscany were mostly completed between 2004 to 2005. This attractive subdivision is set up with a gated entrance and all 98 homes in Lake Tuscany are on Panther Trace which makes a large circle around the lake in the center. Homes range from 3 Bedroom, 3 Bath or 4 BR 2 Baths of around 2100 sq. ft. of living area to spacious 6 Bedroom, 4 Bathroom 2 story homes with lofts and theater rooms with pools by the lakeside along with 3 car garages. All are high-quality homes built by local builder Mercedes Homes.

Lake Tuscany boasts lush landscaping and very reasonable Home Owner’s Association fees of $108.00 per month. These fees cover security, the common areas and lake upkeep, basic cable, trash collection and front landscaping. The Lake Tuscany property owners website is located at this site.

Families in Lake Tuscany enjoy Martin County’s ‘A’ rated schools in the following schools: Crystal Lake Elementary, David L Anderson Middle School and South Fork High School. Shopping is only minutes away and there’s easy access to Martin County’s waterways and just a short drive to the many public beaches.

Lake Tuscany in Stuart Florida

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Lake Tuscany January 2019 Market Report

Portofino Condos at Jensen Beach January 2019 Market Report

01.16.19 by Gabe Sanders

Portofino Condos at Jensen Beach January 2019 Market Report

As of January 2019, there are 5 condos available for sale in Portofino. List prices range from $135,000 up to $189,900. This is an average list price of $168,120 or $166.18 per sq. ft. of living area.

There is 1 condo under contract at this time. The list price was $172500 which equals $160.61 per sq. ft. of living area. This condo was on the market for 64 days before this offer was accepted.

In the past 12 months, 13 condos have sold in Portofino, ranging in sales price from $107,000 up to $175,000. This equals an average sales price of $143,973 which which works out to $143.34 per sq. ft. of living area. The average days on market was 46 and the average list to sales price ratio was 97%.

About the Portofino Condos at Jensen Beach:

Portofino of Jensen Beach is a gorgeous gated condo community that’s just great for families or singles. Portofino offers fantastic amenities such as a resort-style pool and hot tub, a state-of-the-art fitness center, and an indoor air-conditioned racquetball court along with outdoor tennis court. A business center is also available that delivers the conveniences of a home office, with computers, a copier, and a fax machine to keep you connected. A children’s playground is also available. This community is only 10 minutes from the beaches, and it is just minutes to both Jensen Beach Elementary School and Jensen Beach High School. Jensen Beach students also attend Stuart Middle School which is only about 15 minutes away.

Portofino Condos at Jensen Beach

Portofino Condos at Jensen Beach is one of the newest condominium subdivisions in Martin County. Originally built as an upscale apartment complex around 2000, this development was turned into condominiums and began sales in 2005. Due to the downturn in the housing market, not all units were sold and some are now being offered for lease. Portofino Condos at Jensen Beach January 2019 Market Report features 1, 2 and 3 bedroom units with separate garage parking as an added purchase when available. Unit sizes are 802 sq. ft. for the 1 Bedroom 1 bath, 1074 sq. ft. for the 2 Bedroom 2 bath, and 1252 sq. ft. for the 3 Bedroom 2 bath.

With a total of 384 units, there are 116 one-bedroom, 196 two-bedroom, and 72 three-bedroom units within Portofino that are spacious and include balconies! Portofino provides luxury living for its residents, set in a peaceful Florida preserve atmosphere, many with lake views. Living in Portofino of Jensen Beach you will feel like you are on vacation year round!

The Condo Owners Association fees range from $245.00 to $281.00 per month depending on unit size and for garage owners, there’s an additional $20 per month charge. Fees include the extensive grounds and gated entry as well as the amenities, which include a large community pool, heated whirlpool, state of the art fitness center, indoor racquetball court, tennis court, playground and a private clubhouse with a full kitchen.

All ages are welcome in Portofino Condos at Jensen Beach. Children attend Martin County’s highly rated school system, currently at Jensen Beach elementary school, Stuart middle school and Jensen Beach high school. Portofino Condos is close to the Treasure Coast mall as well as numerous shops and restaurants, medical facilities and only a few minutes to the waterways of Martin County and the beaches of Hutchinson Island.

Portofino Condos at Jensen Beach

For information about sales or rentals of Portofino Condos in Jensen Beach, please call the Gabe Sanders real estate team at 772-323-6996 or contact us here.

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Portofino Condos at Jensen Beach January 2019 Market Report

Stuart Florida 34994 Residential Market Report December 2018

01.11.19 by Gabe Sanders

Stuart Florida 34994 Residential Market Report December 2018

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for December 2018

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

There are currently 76 active listings (Unchanged from November)

17 Residential sales are pending and awaiting close or lender approval (Decreased by 5 homes from last month).

13 Homes Sold in May (Increased by 8 homes from November)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida rebounded with a good number of closed sales even if the pending sales are off a little. The inventory remains unchanged.

The one-month absorption rate for the 34994 zip code for December dropped down to 5.8 months from 15.2 months for November. Returning to a seller’s market for the 34994 zip code area of Stuart, FL after one month 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 December 2017 numbers were 74 Active Listings, 22 pending sales, and 7 closed sales. Better sales numbers while fewer pending sales on similar inventory numbers when comparing year to year activity.

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Stuart, FL Real Estate

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Stuart Florida 34994 Residential Real Estate Market Report December 2018

Martin County Townhouses and Condos November 2018 Market Report

01.07.19 by Gabe Sanders

Martin County Townhouses and Condos November 2018 Market Report

Martin County Townhouses and Condos November 2018 Market Report is showing signs of a slowdown with weaker closed sales when compared to last year. Closed sales for the month were down by 21.2%(were unchanged in October) while new sales under contract (new pending sales) were up by 2.4% from November 2017 (decreased by 25.0% in October).

Prices continue to rise but at a slower rate. The median sales price increased by 2.5% (was up by 4.4% in October) while the average sales price increased by 2.2% (was up by 4.4% in October) as compared to November of 2017.

The inventory of available townhouses and condos increased by 6 units to 353 properties as compared to last month. This is 9.0% less inventory then the November 2017 data. Currently, there’s a 3.5 month supply of inventory (compared to 4.0 months for November 2017). Remaining in a strong 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.

Click here to view or download the full report:
Martin County Townhouses and Condos November 2018 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 November 2018 Market Report

Copperleaf January 2019 Real Estate Market Report

01.07.19 by Gabe Sanders

Copperleaf January 2019 Real Estate Market Report

There are currently 3 homes listed in Copperleaf in Palm City, Florida. List prices are from $429,900 up to $1,067,800 for an average list price of $665,867 which equals $212.07 per square foot of living area.

There are 6 homes under contract awaiting closing. The list prices were $350,000 and $875,000 which averages to a $556,833 list price and $210.62 per square foot of living area. These homes averaged 52 days on market before going under contract.

In the past 12 months, 17 homes have sold in Copperleaf with an average sales price of $493,553 or $174.76 per square foot of living area and at 96% list to sales price ratio. The lowest sales price was $392,500 while the highest was $825,000. These homes went under contract in an average of 55 days.

About Copperleaf in Palm City FL:

Copperleaf in Palm City FL was first developed by Centex Homes with the first homes constructed and sold in 2007. New construction continues to the present now under the name of Pulte Homes. As of this writing, there are 123 homes in Copperleaf. Though, construction continues with room for considerably more homes.

Home sizes range from estate size homes on over ½ an acre with more than 6,000 sq. ft. of living area down to smaller 3 bedroom, 2 bath homes with 2 car (or more) garages of 1,705 sq. ft. Copperleaf is conveniently located close to both Florida’s Turnpike and I-95 yet just minutes to shopping, restaurants and the well-respected schools that Martin County has to offer. Only a few more minutes and you can be on the beach or launch your boat at one of the many boat ramps in the area.

Copperleaf offers is a gated community with a manned gate by the beautiful entrance. There’s a clubhouse with exercise facilities, two tennis courts, a community pool and a playground for the little ones. As of this writing, the Home Owner’s Association fees are $233 per month. These fees cover Basic Cable TV, Manager, Recreational Facilities, Reserve Fund, Security and Trash pickup.

Copperleaf in Palm City FL

There are excellent new construction opportunities as well as re-sales available in Copperleaf of Palm City FL. Call us for details.

Copperleaf in Palm City FL

Currently, these homes are available for sale in Copperleaf Palm City

For any questions you may have about Copperleaf in Palm City Florida, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Copperleaf January 2019 Real Estate Market Report

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Copperleaf January 2019 Real Estate Market Report

Martin County Single Family Homes November 2018 Market Report

01.04.19 by Gabe Sanders

Martin County Single Family Homes November 2018 Market Report

The Martin County Single Family Homes November 2018 Market Report had considerably weaker sales activity when compared to last year. Closed sales were down by 23.0% (were up by 24.1% in October). While new pending sales decreased by 13.1% as compared to November 2017 (Decreased by 14.0% in October).

Prices were mixed for November. The median sales price was up by 11.3% from last year (up by 15.9% in October) while the average sales price decreased by 5.6% (was up by 10.4% last month).

The inventory of available single-family homes decreased from last month by 9 homes to 976 units for November, this is 1.0% less than last November. The current supply of homes is 4.8 months, for November of last year, it was also a 4.8 months supply. We’re still in a seller’s market for Martin County single-family home sales. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Click here to view or download the full report:
Martin County Single Family Homes November 2018 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 November 2018 Market Report

Locks Landing in Stuart Florida December 2018 Market Report

01.04.19 by Gabe Sanders

Locks Landing in Stuart Florida December 2018 Market Report

As of December 2018, there are 3 homes on the market in Locks Landing in Stuart Florida. These homes are listed from $409,900 up to $475,000. This equals an average list price of $439,933 which equals $190.74 per sq. ft. of living area.

There are 3 homes currently under contract. The list prices were from $379,000 up to $544,900. This works out to an average list price of $456,300 which equals $176.68 per sq. ft. of living area. These homes were on the market for an average of 83 days prior to going under contract.

In the past 12 months, 9 homes have sold in Locks Landing with sales prices ranging from $358,900 up to $525,000. This is an average sales price of $450,211 or $194.66 per sq. ft. of living area. These sales averaged 97% of list price and on average went under contract within 56 days of being listed.

About Locks Landing in Stuart FL:

Locks Landing in Stuart Florida is a gated planned unit community of 243 homes on the southeastern shore of the Saint Lucie Waterway, just upstream of the Locks on the Okeechobee Water Way at Phipps Park in Stuart, Florida.

Locks Landing homes range in sizes from just under 2,000 square feet of living area to some spacious 3,000 square feet plus homes on spacious preserve lots. Many homes enjoy lake views and a few homes offer views of the Saint Lucie Waterway. This wonderful family neighborhood boasts a number of docks with available water and electrics. Easy access through the lock to the main Saint Lucie river and out to the crystal clear waters of the Atlantic Ocean or sail west into Lake Okeechobee for a fabulous day of freshwater fishing. For those without their own boat dock, there’s a convenient boat ramp to allow all to enjoy the fabulous boating available to all residents of Martin County.

Locks landing is only moments to I-95 for those needing to commute either north or south on the Interstate. The equestrian farms of Martin County are only a short drive to the west; while to the east is shopping, restaurants, beaches and all the amenities that Martin County has to offer. This family-friendly community also boasts an ‘A’ rated school system with local children attending Crystal Lake Elementary School, David L Anderson Middle School, and South Fork High School

To view the current homes available for sale in Locks Landing please select the following link:
Locks Landing Homes for Sale

For any questions you may have about Locks landing, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Locks Landing in Stuart Florida December 2018 Market Report

Hobe Sound FL 33455 Condo Market Report November 2018

01.01.19 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report November 2018

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for November 2018

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

There are currently 2 active condo listings. (Decreased by 1 condo from October)

8 Condos are pending and awaiting close. (Up by 2 condos from October)

3 Condos sold in November. (Up by 1 condo from October)

The absorption rate for Hobe Sound condos was 0.7 months for November as compared to 1.5 months in October). 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 November 2017 numbers were: 15 active listings, 6 pending sales, and 3 closed sales. Similar sales activity when compared to last year but with hardly any inventory of condos for sale.

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

Search for Hobe Sound FL Condos for Sale Here

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Hobe Sound FL 33455 Condo Market Report November 2018

Jensen Beach FL 34957 Condo Market Report November 2018

12.28.18 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report November 2018

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for November 2018

For November 2018 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County):

There are currently 100 active listings. (Increased by 2 condos from October)

24 Condo sales are pending and awaiting settlement. (Up by 2 condos from October)

15 Condos Sold (Down by 2 condos from October)

The Jensen Beach FL 34957 Condo Market Report had an increase in inventory and pending sales along with a decrease in closed sales.

The one-month absorption rate for the November 2018, Jensen Beach Florida Market Report ZIP Code 34957 inched up to 6.7 months (from 5.8 months in October), transitioning into a balanced market for the first time in quite a while. A balanced market is considered to be a 6 to 7-month absorption rate favoring neither the buyer or seller.

The November 2017 numbers were: 106 active listings, 24 pending sales, and 17 condos closed. Very similar activity when compared to last year.

Are you interested in the value of your Jensen Beach FL Condo?
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Search for Jensen Beach FL Condos Here

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Jensen Beach FL 34957 Condo Market Report November 2018

Palm City FL 34990 Condo Market Report November 2018

12.26.18 by Gabe Sanders

Palm City FL 34990 Condo Market Report November 2018

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for November 2018

For November 2018 in the 34990 Zip Code area of Palm City, Florida :

There are currently 89 active condo listings. (Increased by 9 condos from October)

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

2 Condos Sold in November. (Down by 5 condos from October)

The Palm City FL 34990 condo real estate market remains a fairly small segment of the Martin County condo market. Very slow market activity for November. The sales activity in this market is skewed by two tough condo communities with high equity and association fees that make this market quite challenging.

The current absorption rate for condos in the 34990 zip code area rocketed up to 44.5 months (was 111.4 months in November). An extreme buyer’s market for Palm City condominiums. A balanced market is considered to be an absorption rate of around 6 to 7 months.

The November 2017 numbers were: 85 active listings, 14 pending sales, and 4 closed sales. Better activity last year.

Palm City FL 34990 Condo Market Report November 2018

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Palm City Florida Real Estate presented by:
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Palm City FL 34990 Condo Market Report November 2018

Stuart Florida 34994 Residential Market Report November 2018

12.17.18 by Gabe Sanders

Stuart Florida 34994 Residential Market Report November 2018

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for November 2018

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

There are currently 76 active listings (Down by 9 homes from October)

22 Residential sales are pending and awaiting close or lender approval (Increased by 4 homes from last month).

5 Homes Sold in May (Decreased by 10 homes from October)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a dip in inventory and a large drop in sales. Pending sales rose, just slightly.

The one-month absorption rate for the 34994 zip code for November jumped up to 15.2 months from 5.7 months for October. Transitioning into a buyer’s market for the 34994 zip code area of Stuart, FL. First time in quite a while for this area to be 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 November 2017 numbers were 81 Active Listings, 28 pending sales, and 13 closed sales. There was better all-around activity last year.

Are you interested in the value of your Stuart FL Home?
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Search here for Stuart Florida Real Estate for Sale

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