Hobe Sound FL 33455 Condo Market Report October 2018

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

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

There are currently 3 active condo listings. (Decreased by 4 condos from September)

6 Condo is pending and awaiting close. (Up by 5 condos from September)

2 Condos sold in October. (Down by 1 condo from September)

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 1.5 months for October as compared to 2.3 months in September). 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 October 2017 numbers were: 13 active listings, 8 pending sales, and 1 closed sales. Much better activity this year on a vastly smaller number of condos for sale.

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Hobe Sound FL 33455 Condo Market Report October 2018

Jensen Beach FL 34957 Condo Market Report October 2018

12.03.18 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report October 2018

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

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

There are currently 98 active listings. (Increased by 12 condos from September)

22 Condo sales are pending and awaiting settlement. (Down by 5 condos from September)

17 Condos Sold (Down by 10 condos from September)

The Jensen Beach FL 34957 Condo Market Report continues to show good activity. Unfortunately not as robust as last month or last year.

The one-month absorption rate for the October 2018, Jensen Beach Florida Market Report ZIP Code 34957 inched up to 5.8 months (from 3.2 months in September), remaining in a seller’s market but inching close to a balanced one. A balanced market is considered to be a 6 to 7-month absorption rate favoring neither the buyer or seller.

The October 2017 numbers were: 84 active listings, 32 pending sales, and 24 condos closed. Considerably stronger activity last year and on a smaller inventory of available condos for sale.

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Jensen Beach FL 34957 Condo Market Report October 2018

Palm City FL 34990 Condo Market Report October 2018

11.29.18 by Gabe Sanders

Palm City FL 34990 Condo Market Report October 2018

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

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

There are currently 80 active condo listings. (Decreased by 3 condos from September)

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

7 Condos Sold in October. (Up by 1 condo from September)

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 skewed by two tough condo communities with high equity and association fees ythat make this market quite challenging.

The current absorption rate for condos in the 34990 zip code area decreased to 11.4 months (was 13.8 months in October). Still a buyer’s market for Palm City condominiums. A balanced market is considered to be an absorption rate of around 6 to 7 months.

The October 2017 numbers were: 75 active listings, 11 pending sales, and 2 closed sales. Better sales activity this year but weaker pending sales activity.

Palm City FL 34990 Condo Market Report October 2018

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Palm City FL 34990 Condo Market Report October 2018

Stuart Florida 34994 Residential Market Report October 2018

11.20.18 by Gabe Sanders

Stuart Florida 34994 Residential Market Report October 2018

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

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

There are currently 85 active listings (Up by 13 homes from September)

18 Residential sales are pending and awaiting close or lender approval (Increased by 2 homes from last month).

15 Homes Sold in May (Decreased by 2 homes from September)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida is showing a welcome increase in inventory. Unfortunately, sales were off when compared to last month.

The one-month absorption rate for the 34994 zip code for October rose to 5.7 months from 4.2 months for September. Remaining in a seller’s market for the 34994 zip code area of Stuart, FL. This is getting very close to a balanced market. A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The October 2017 numbers were 76 Active Listings, 27 pending sales, and 12 closed sales. With a higher inventory, better cllosed activity this year. Pending sales were better last year.

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Stuart, FL Real Estate

Business Opportunity Properties

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Residential Income Properties for Sale in Stuart, Florida Between $0 – $500,000

Stuart Florida 34994 Residential Real Estate Market Report October 2018

Legacy Cove Stuart FL November 2018 Market Report

11.16.18 by Gabe Sanders

Legacy Cove Stuart FL November 2018 Market Report

There are currently 4 homes available for sale in Legacy Cove in Stuart, FL. List prices range from $359,900 up to $429,900. This is an average list price of $386,925 which works out to $183.02 per sq. ft. of living area.

There are no Legacy Cove homes currently under contract awaiting settlement.

In the past 12 months, 7 homes have sold in Legacy Cove with sales prices ranging from $335,000 up to $625,000. This is an average sales price of $424,857 which works out to $168.32 per sq. ft. of living area. These sales averaged 98% of list price and went under contract in an average of 26 days after going on the market.

About 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.

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 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 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.

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

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.

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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 November 2018 Market Report

Martin County Townhouses and Condos 2018 3’rd Quarter Report

11.14.18 by Gabe Sanders

Martin County Townhouses and Condos 2018 3’rd Quarter Report

3’rd Quarter 2018

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 3’rd Quarter 2018.

The Martin County townhouse and condo market remain a very strong one. Compared to the 3’rd quarter of 2017 prices continue to rise while sales volume was unchanged. 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 2018 3’rd Quarter Report

Martin County Single Family Homes 2018 3’rd Quarter Report

11.13.18 by Gabe Sanders

Martin County Single Family Homes 2018 3’rd 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 3’rd Quarter 2018.

The Martin County single family home market showed slightly higher sales with a decrease in prices when compared to the 3’rd quarter of last year. 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 2018 3’rd Quarter Report

Springtree Stuart FL November 2018 Market Report

11.10.18 by Gabe Sanders

Springtree Stuart FL November 2018 Market Report

For November 2018 there are two homes available to purchase in Springtree. The list prices for these homes are $275,000 and $327,500 for an average list price of $301,250 which also equals $159.47 per sq. ft. of living area.

There is 1 home under contract in Springtree. The last list price was $329,900 or $181.66 per sq. ft. of living area. This home was on the market for 48 days prior to going under contract.

5 Springtree homes have sold in the past 12 months. Sales prices ranged from $242,000 up to $325,000 for an average sales price of $278,200 which equals $164.37 per sq. ft. of living area. Sales prices averaged 97% of list price and these homes took an average of 32 days to go under contract.

About the Springtree Community in Stuart FL:

Springtree is a beautiful small development just west of US 1 in Stuart, Florida. Conveniently located between Indian Street and Salerno Road, Springtree is close to shopping, restaurants, beaches and easy access to I-95 for commuters. This community is a wonderful family neighborhood and in the Martin County ‘A’ rated school district, with Pinewood Elementary, Stuart Middle and Martin County High.

Engle Homes completed this community between the years of 2000 and 2003. This is a gated community with a lighted lake and fountain as the centerpiece of the community. Low HOA fees of approximately $120. month make this an affordable community. Many homes boast wonderful private lakeside views. Springtree also has a number of preserve areas as well as a playground to keep the tots occupied.

Search here for any available Springtree Homes for Sale

For any questions you may have about Springtree Stuart FL November 2018 Market Report, 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

Springtree Stuart FL November 2018 Market Report

Stuart West Palm City November 2018 Market Report

11.08.18 by Gabe Sanders

Stuart West Palm City November 2018 Market Report

There are currently 4 homes for sale in Stuart West. List prices range from $558,000 up to $849,900. This is an average price of $725,475 which is $189.67 per sq. ft. of living area.

There is 1 home currently under contract. This home was listed for $719,000 or $256.24 per sq. ft. of living area. And, was on the market for 40 days prior to going under contract.

In the past 12 months, 10 homes have sold in Stuart West. Sale prices ranged from $464,900 up to $800,000. This works out to an average sale price of $640,390 which equals a per sq. ft. of living area $196.89. These homes sold for an average of 94% of list price and averaged 83 days on the market.

About Stuart West in Palm City 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 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.

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.

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

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.

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

Stuart West Homes for Sale

Vacant Land for Sale in Stuart West

Stuart West Palm City November 2018 Market Report

Martin County Townhouses and Condos September 2018 Market Report

11.06.18 by Gabe Sanders

Martin County Townhouses and Condos September 2018 Market Report

Martin County Townhouses and Condos September 2018 Market Report showed weaker sales activity when compared to September of 2017. Closed sales for the month were down by 24.1% (was down by 7.0% in August) while new sales under contract (new pending sales) were down by 7.8% from September 2017 (decreased by 16.5 in August).

Prices, however, continue to rise significantly. The median sales price increased by 13.3% (was up by 27.5% in August) while the average sales price increased by 24.0% (was up by 34.8% in August) as compared to September of 2017.

The inventory of available townhouses and condos decreased by 20 units to 299 properties as compared to last month. This is 14.8% less inventory then the September 2017 data. Currently, there’s a 3.0 month supply of inventory (compared to 3.7 months for September 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 September 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 September 2018 Market Report

Martin County Single Family Homes September 2018 Market Report

11.05.18 by Gabe Sanders

Martin County Single Family Homes September 2018 Market Report

The Martin County Single Family Homes September 2018 Market Report reported a very strong month for sales volume when compared to last year as well as the past few months. Closed sales were up by 32.2% (was down by 15.8% in August). While new pending sales increased by 54.3% as compared to September 2017 (Increased by 15.8% in August).

Prices, however, were down for September. The median sales price was down by 6.5% from last year (down by 1.4% in August) while the average sales price decreased by 1.9% (was up by 2.2% last month).

The inventory of available single-family homes decreased from last month by 26 homes to 874 units for September, this is 9.7% less than last September of 2017. The current supply of homes is 4.3 months, for September of last year, it was a 4.7 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 September 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 September 2018 Market Report

Hobe Sound FL 33455 Condo Market Report September 2018

10.31.18 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report September 2018

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

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

There are currently 7 active condo listings. (Increased by 3 condos from August)

1 Condo is pending and awaiting close. (Down by 3 condos from August)

3 Condos sold in September. (Down by 1 condo from August)

The absorption rate for Hobe Sound condos was 2.3 months for September as compared to 1.0 months in August). 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 September 2017 numbers were: 17 active listings, 3 pending sales, and 1 closed sales. Much better activity this year on a vastly smaller number 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

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report September 2018

Jensen Beach FL 34957 Condo Market Report September 2018

10.29.18 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report September 2018

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

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

There are currently 87 active listings. (Increased by 5 condos from August)

27 Condo sales are pending and awaiting settlement. (Down by 10 condos from August)

27 Condos Sold (Unchanged from August)

The Jensen Beach FL 34957 Condo Market Report continues to show strong activity. There was a troubling drop in pending sale for the month. This may be an indicator of slower sales in the immediate future.

The one-month absorption rate for the September 2018, Jensen Beach Florida Market Report ZIP Code 34957 inched up to 3.2 months (from 3.0 months in August), remaining in a strong seller’s market. A balanced market is considered to be a 6 to 7-month absorption rate favoring neither the buyer or seller.

The September 2017 numbers were: 82 active listings, 31 pending sales, and 25 condos closed. Slightly stronger sales this year but also on a greater inventory of available condos for sale.

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Jensen Beach FL 34957 Condo Market Report September 2018

Palm City FL 34990 Condo Market Report September 2018

10.25.18 by Gabe Sanders

Palm City FL 34990 Condo Market Report September 2018

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

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

There are currently 83 active condo listings. (Increased by 7 condos from August)

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

6 Condos Sold in September. (Down by 1 condo from August)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. Sales remain difficult in this market as we have a large number f condos in two high fee equity golf club associations where the current market is quite challenging.

The current absorption rate for condos in the 34990 zip code area jumped to 13.8 months (was 10.9 months in September). Still a buyer’s market for Palm City condominiums. A balanced market is considered to be an absorption rate of around 6 to 7 months.

The September 2017 numbers were: 68 active listings, 7 pending sales, and 3 closed sales. Down slightly this year when compared to September 2017.

Palm City FL 34990 Condo Market Report September 2018

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

Stuart Florida 34994 Residential Market Report September 2018

10.16.18 by Gabe Sanders

Stuart Florida 34994 Residential Market Report September 2018

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

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

There are currently 72 active listings (Up by 1 home from August)

16 Residential sales are pending and awaiting close or lender approval (Decreased by 12 homes from last month).

17 Homes Sold in May (Increased by 2 homes from August)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues to show good activity. Pending sales were off this month which could be an indication of a slower market in the next few months.

The one-month absorption rate for the 34994 zip code for September dipped to 4.2 months from 4.7 months for August. Remaining in a seller’s market 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 September 2017 numbers were 76 Active Listings, 21 pending sales, and 8 closed sales. Considerably stronger closed sales activity this year.

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Stuart Florida Real Estate presented by:
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