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 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 0.7 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.

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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.

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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 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.

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Stuart, FL Real Estate

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Stuart Florida 34994 Residential Real Estate Market Report November 2018

Martin County Townhouses and Condos October 2018 Market Report

12.11.18 by Gabe Sanders

Martin County Townhouses and Condos October 2018 Market Report

Martin County Townhouses and Condos October 2018 Market Report rebounded a bit after a bit of a weaker September and somewhat stronger activity when compared to October of 2017. Closed sales for the month were unchanged (was down by 24.1% in September) while new sales under contract (new pending sales) were down by 25.0% from October 2017 (decreased by 7.8% in September).

Prices, however, continue to rise. The median sales price increased by 4.4% (was up by 13.3% in September) while the average sales price increased by 4.4% (was up by 24.0% in September) as compared to October of 2017.

The inventory of available townhouses and condos increased by 48 units to 347 properties as compared to last month. This is 4.9% less inventory then the October 2017 data. Currently, there’s a 3.4 month supply of inventory (compared to 3.8 months for October 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 October 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 October 2018 Market Report

Martin County Single Family Homes October 2018 Market Report

12.10.18 by Gabe Sanders

Martin County Single Family Homes October 2018 Market Report

The Martin County Single Family Homes October 2018 Market Report continued with strong closed activity but new pending sales were down. Closed sales were up by 24.1% (was up by 32.2% in September). While new pending sales decreased by 14.0% as compared to October 2017 (Increased by 54.3% in September).

Prices also increased for October. The median sales price was up by 15.9% from last year (down by 6.5% in September) while the average sales price increased by 10.4% (was down by 1.9% last month).

The inventory of available single-family homes increased from last month by 111 homes to 985 units for October, this is 0.6% more than last October of 2017. The current supply of homes is 4.8 months, for October 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 October 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 October 2018 Market Report

Plantation House Condos Indian River Plantation December 2018 Market Report

12.08.18 by Gabe Sanders

Plantation House Condos Indian River Plantation December 2018 Market Report

There is one condo for sale in the Plantation House of Hutchinson Island. This condo is listed for $550,000 or $440.35 per sq. ft. of living area.

There are no currently pending sales in the Plantation House.

Only 1 condo has sold in the Plantation House in the past 12 months. The sales price was $535,000 or $428.34 per sq. ft. of living area. This condo sold for 99% of the last listed price and went under contract 52 days after going on the market.

About the Plantation House on Hutchinson Island in Indian River Plantation:

Located on the shores of the Atlantic Ocean, the Plantation House Condos are within the Indian River Plantation are of South Hutchinson Island which is the finest resort community in Martin County/Stuart FL.

The Plantation House was built in 1979 and has 39 2 bedroom, 2 bathroom condos that range in size from 1249 sq. ft. of living area up to 1393 sq. ft. All units have Ocean Views. There’s an Oceanside pool as well as under building parking and some free standing garages that come with the Plantation House condos.

Current condo and management fees are around $567 per month.

Indian River Plantation amenities include a golf course, full service marina, tennis courts, tiki bar and shuttle service around the complex and to the Hutchinson Island Marriott resort facilities.

Click here to view avai lable Plantation House condos for Sale

Other Indian River Plantation Condos you may wish to consider:
Bayview, Beachwalk, Dunes Club, Fairway Villas, Inlet Village, Lakeside, Ocean House, Ocean Terrace, Plantation Club Villas, Resort Villas, River Village, Riverbend, Riverwood, Tennis Villas

Stuart Florida Real Estate
Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Plantation House Condos Indian River Plantation December 2018 Market Report

Sunset Trace Palm City December 2018 Market Report

12.07.18 by Gabe Sanders

Sunset Trace Palm City December 2018 Market Report

As of December 2018, there are 7 homes for sale in Sunset Trace. These homes have list prices from $160,000 up to $261,900. This is an average list price of $188,400 or $145.26 per square foot of living area.

There are 5 homes under contract and awaiting settlement. The list prices ranged from $157,900 up to $179,900. This works out to an average list price of $169,333 which equals $127.99 per sq. ft. of living area. These homes were on the market for an average of 35 days prior to going under contract.

In the past 12 months, 43 homes have sold in Sunset Trace. Sales prices ranged from a low of $125,000 up to $215,000. This equals an average sales price of $161,577 or $124.27 per sq. ft. of living area. These homes sold for an average of 97% of their final list price and went under contract in an average of 43 days of being on the market.

About Sunset Trace in Palm City FL:

Just across the street from the Martin Downs Golf Club lies the gated community of Sunset Trace in Palm City, FL. Conveniently located close to Florida’s Turnpike as well as shopping, restaurants and medical facilities. And only a 15-minute ride to the pristine waters of the Atlantic Ocean and the numerous waterways and boating facilities available in Martin County, FL.

Sunset Trace is a DiVosta community of approximately 500 residences. There are four types of homes in this community. DiVosta quad townhomes which feature 2 Bedrooms and 2 and ½ bathrooms with 1,236 sq. ft. of living area. Stamford models, also four townhomes to a building featuring 2 Bedrooms and 2 and ½ bathrooms with 1,1374 sq. ft. of living area. Wellesley models have 3 Bedrooms and 2 Bathrooms in 1,295 sq. ft. and finally, the Villas in Sunset Trace offer attached single family homes with 3 Bedrooms, 2 and ½ baths and a one car garage in 1346 square feet of living area.

Sunset Trace was developed and built from 1984 to 1988. It features two community pools, three tennis courts, outdoor racquet and/or handball courts and a full-size basketball court. There’s a playground for the little ones as well. This is a lushly landscaped community with a number of lakes and ponds on the grounds making for some great water views.

All ages are welcome in Sunset Trace and children attend Citrus Grove Elementary School, Hidden Oaks Middle School, and Martin County High School. The HOA fees run $305 per month, but include exterior and hurricane insurance, basic cable TV, Lawn and Landscaping, pest control and security. Making life in Sunset Trace easy and carefree.

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Sunset Trace Villas and Townhomes for Sale

Sunset Trace Palm City December 2018 Market Report

Plantation Club Villas Indian River Plantation December 2018 Market Report

12.06.18 by Gabe Sanders

Plantation Club Villas Indian River Plantation December 2018 Market Report

There are no active listings in the Plantation Club Villas of Hutchinson Island for early December 2018.

There is 1 pending sale in the Plantation Club Villas. This condo was listed for $285,000 or $239.90 per sq. ft. of living area. This condo was on the market for 22 days prior to going under contract.

2 condos have sold in the Plantation Club Villas in the past 12 months. The sales prices were $220,000 and $285,000. This is an average sales price of $252,500 which equals $190.69 per sq. ft. of living area. These condos sold for an average of 94% of the last listed price and were on the market for an average of 204 days before receiving an accepted offer.

About the Plantation Club Villas

The Plantation Club Villas condos of Hutchinson Island in the Indian River Plantation complex of Stuart FL lie next to the pro shop for the golf course. These units were built in 1987 and most have views of lakes, golf course or private preserves.

There are 48 two bedroom two bath condos ranging in size from 1,188 sq. ft. of living area up to 1,430 sq. ft. The Plantation Club Villas is a four story elevator building and have the convenience of under building parking for residents.

Current condo and management fees are around $367 per month.

Indian River Plantation amenities include a golf course, full service marina, tennis courts, tiki bar and shuttle service around the complex and to the Hutchinson Island Marriott resort facilities.

Click here to view available Plantation Club Villas for Sale

Other Indian River Plantation Condos you may wish to consider:
Bayview, Beachwalk, Dunes Club, Fairway Villas, Inlet Village, Lakeside, Ocean House, Ocean Terrace, Plantation House, Resort Villas, River Village, Riverbend, Riverwood, Tennis Villas

Stuart Florida Real Estate
Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Plantation Club Villas Indian River Plantation December 2018 Market Report

Hobe Sound FL 33455 Condo Market Report October 2018

12.05.18 by Gabe Sanders

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 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.

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 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 Florida Real Estate presented by:
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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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Stuart Florida Real Estate presented by:
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Palm City Florida Real Estate presented by:
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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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