Martin County Single Family Homes March 2018 Market Report

The Martin County Single Family Homes March 2018 Market Report showed mixed sales reports as compared to last March. Closed sales were up by 0.4% (was down by 8.6% in February). While new pending sales decreased by 7.4% as compared to March 2017 (Decreased by 11.1% in February).

Prices, however, continue to go up though at a more moderate rate. The median sales price up by 3.8% from last year (up by 5.7% in February) while the average price increased by 4.5% (was up by 8.5% last month).

The inventory of available single-family homes increased from last month by 5 homes to 1041 units for March, this is 4.8% less than last March. The current supply of homes is 5.1 months, for March of last year, it was a 5.5 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 March 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 March 2018 Market Report

Hobe Sound FL 33455 Condo Market Report March 2018

04.26.18 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report March 2018

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

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

There are currently 9 active condo listings. (Decreased by 1 condos from February)

9 Condos are pending and awaiting close. (Up by 5 condos from February)

2 Condos sold in March. (Increased by 1 condo from February)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Sales and pending sales were both up for this month.

The absorption rate for Hobe Sound condos was 4.5 months for March as compared to 10.0 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 2017 numbers were: 16 active listings, 4 pending sales, and 4 closed sales. Stronger activity last year for Hobe Sound condo sales, but better pending activity this year with much lower inventory.

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Hobe Sound FL 33455 Condo Market Report March 2018

Jensen Beach FL 34957 Condo Market Report March 2018

04.24.18 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report March 2018

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

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

There are currently 109 active listings. (Decreased by 3 condos from February)

58 Condo sales are pending and awaiting settlement. (Up by 12 condos from February)

27 Condos Sold (Down by 3 condos from February)

The Jensen Beach FL 34957 Condo Market Report for March had a slightly lower closed sale volume while pending sales increased. This market is in need of some additional inventory.

The one month absorption rate for the March 2018, Jensen Beach Florida Market Report ZIP Code 34957 inched up to 4.0 months (from 3.7 months in February), remaining in a seller’s market after a short two months outside of this. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The March 2017 numbers were: 129 active listings, 54 pending sales and 25 condos closed. Considerably better sales and pending sales this year with a significantly lower inventory of available condos for sale.

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Jensen Beach FL 34957 Condo Market Report March 2018

Palm City FL 34990 Condo Market Report March 2018

04.20.18 by Gabe Sanders

Palm City FL 34990 Condo Market Report March 2018

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

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

There are currently 96 active condo listings. (Decreased by 7 condos from February)

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

9 Condos Sold in March. (Up by 5 condos from February)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. For March there was improvement for both closed and pending sales. The Palm City condo market is hampered by two equity golf course communities with slow sales in the current environment.

The current absorption rate for condos in the 34990 zip code area dipped to 10.7 months (was 25.8 months in July). Still in a buyers’ market for Palm City condominiums. A balanced market is considered to be an absorption rate of around 6 to 7 months.

The March 2017 numbers were: 95 active listings, 10 pending sales, and 4 closed sales. Slightly better activity last year even on a reduced number of condos available for sale (inventory).

Palm City FL 34990 Condo Market Report March 2018

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Palm City FL 34990 Condo Market Report March 2018

Fairwinds Cove Condos in Jensen Beach April 2018 Market Update

04.20.18 by Gabe Sanders

Fairwinds Cove Condos in Jensen Beach April 2018 Market Update

There are currently 2 condos for sale in Fairwinds Cove on Hutchinson Island in Jensen Beach Florida. These condos were listed for $255,000 and $295,000 for an average list price of $275,000 or $249.55 per square foot of living area.

There are also no condos currently under contract at this time.

In the past 12 months, only 1 Fairwinds Cove condo has sold. The sales price was of $255,000 which equals $1231.40 per square foot of living area. This condo solf for 98% of list price and was on the market for 5 days before going under contract.

About Fairwinds Cove in Jensen Beach FL:

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).

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 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.

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Fairwinds Cove Condos in Jensen Beach April 2018 Market Update

Stuart Florida 34994 Residential Market Report March 2018

04.11.18 by Gabe Sanders

Stuart Florida 34994 Residential Market Report March 2018

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

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

There are currently 75 active listings (Down by 6 homes from February)

34 Residential sales are pending and awaiting close or lender approval (Decreased by 7 homes from last month).

27 Homes Sold in February (Increased by 14 homes from February)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida lost a little inventory after two months of some gains. Sales for the month were very strong while pending sales were down but still impressive.

The one-month absorption rate for the 34994 zip code for February plunged to 2.8 months from 6.2 months for February. Into a very strong 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 March 2017 numbers were 69 Active Listings, 34 pending sales, and 15 closed sales. One of the few areas of Martin County with increased inventory from last year. Sales were also much better for this year.

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Stuart, FL Real Estate

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Stuart Florida 34994 Residential Real Estate Market Report March 2018

Sewalls Landing April 2018 Market Report

04.11.18 by Gabe Sanders

Sewalls Landing April 2018 Market Report

For April 2018, there are 4 homes available for sale in Sewalls Landing, List prices range from $699,900 up to $1,275,000 for an average list price of $928,700 or $240.28 per sq. ft. of living area.

There are no homes currently under contract in Sewalls Landing.

In the past 12 months, 4 Sewalls Landing homes have sold. Sales prices ranged from a low of $551,500 up to $668,000 for an average sales price of $607,375 which equals $211.40 per sq. ft. of living area. These sales averaged for 96% of list price and the homes averaged going under contract after 176 days on market.

About Sewalls Landing:

Sewalls Landing is located at the northern tip of Sewalls Point, FL in Martin County. Officially it is in Jensen Beach, but many residents of Sewalls landing consider themselves part of Sewalls Point. Just across the street from the Dolphin Bar and Grill and within walking distance of marinas, boat ramps, Indian Riverside Park and much, much more.

This gated community consists of 51 home-sites (including 3 lots that are still vacant). Homes in Sewalls Landing were built from 1992 to 2008 and are situated on generous sized lots from just under ½ acre to over ¾ of an acre. Home sizes range from 2,000 to over 5,000 square feet of living areas. Many homes feature 3 car garages. Residents enjoy low HOA fees of $110 per month.

Children attend Felix Williams Elementary, Stuart Middle and Jensen Beach High Schools. Easy access to the beaches as it’s just about equidistant from both the Stuart and Jensen Beach Causeways. Close to shopping and medical facilities as well. This is a much sought after community in Martin County, FL.

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Sewalls Landing April 2018 Market Report

South Fork Estates Real Estate Market Report for March 2018

04.09.18 by Gabe Sanders

South Fork Estates Real Estate Market Report for March 2018

There are currently 2 homes for sale in South Fork Estates in Stuart FL. The listing prices are $434,900 and $599,000 for an average list price of $516,950 which equates to $199.59 per sq. ft. of living area.

There are no homes under contract at this time in South Fork Estates

In the past 12 months, there have been 3 sales in South Fork Estates. Sales prices ranged from $400,000 to $499,900. The average sales price was $444,967 which works out to a per square foot of living area price of $174.35. These homes were on the market for an average of 154 days before going under contract and sold at 98% of the listing price.

About South Fork Estates in Stuart FL:

A unique private community in Stuart, Florida built before the land was so expensive that homes had to be placed on top of each other. All homes in South Fork Estates are on 1/2 acre or larger lots, many with serene views of two large lakes located within this community. Those homes not on the lakes have private preserve views of the Atlantic Ridge.There are 114 homes in South Fork Estates. Homes were built from 1992 through as late as 2011. The majority of the homes were built between 1998 through 2005. Most homes are either 3 or 4 bedrooms with 2 and 3 car garages, ranging in size from around 2,000 sq. ft. of living area to over 3,500. There are still a few residential lots that are vacant awaiting a home.

This is a close-knit community with a playground as well as a boat and RV storage area. Low Homeowners’ association fees of under $50 per month at the time of this writing.

Children living in South Fork Estates attend Crystal Lake Elementary, David L Anderson Middle, and South Fork High Schools.

Located just off Cove Rd. and Kanner Highways, this community is just minutes from I-95 for commuters. Shopping and medical facilities are also close by. And, there are numerous choices for boating access also only a short ride away.

One of the hidden gems of the Stuart area, South Fork Estates id a great community to call home.

Here are the currently available homes for sale in South Fork Estates

South Fork Estates Market Report for March 2018

Martins Crossing Real Estate Market Report March 2018

04.08.18 by Gabe Sanders

Martins Crossing Real Estate Market Report March 2018

There are currently 6 homes and townhomes for sale in Martins Crossing. Prices range from $225,000 to $423,000 for an average list price of $341,217 which equals $141.14 per sq. ft. of living area.

There are 2 homes under contract. List prices were $249,900 and $289,500 for an average list price of $269,700 which is $169.07 per sq. ft. of living area. On average these homes went under contract in 58 days.

In the past twelve months, 55 homes have sold in Martins Crossing. Sales prices ranged from a low of $162,900 to a high of $415,000 for an average sales price of $267,395 which equates to $135.19 per sq. ft. of living area. These homes sold at an average of 97% of listed price and were under contract in an average of 64 days.

About Martins Crossing in Stuart FL:

Located in the intimate, yet vibrant, City of Stuart near a variety of fine restaurants, cultural outlets, and shopping. Martins Crossing Real Estate Market Report March 2018, boasts of 596 residences with a stunning variety of single-family homes and a section of private townhomes. This family-friendly community was completed around 2006 with mostly newer homes.

Martins Crossing Real Estate Market Report March 2018 community amenities include lush landscaping and with private preserve views, The Martins Crossing Clubhouse has a sparkling resort style pool, and oversized deck, tennis courts and a playful tot lot all nearby.

Martins Crossing Real Estate Market Report March 2018 is conveniently located by Kanner Hwy. and Pomeroy Street for easy access to Historic Downtown Stuart, the beaches, and waterways of Martin County, restaurants, shopping and quick access to I-95. All this in a wonderful ‘A’ rated school system.

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Martins Crossing Real Estate Market Report March 2018

Martin County Townhouses and Condos February 2018 Market Report

04.05.18 by Gabe Sanders

Martin County Townhouses and Condos February 2018 Market Report

Martin County Townhouses and Condos February 2018 Market Report showed reduced activity when compared to last year. Closed sales for the month were down by 2.0% (were down by 1.2% in January) while new sales under contract (new pending sales) were down by 5.8% from February 2017 (increased by 21.3 in January).

Prices, however, continued their rise as the median sales price increased by 4.7% (was up by 5.2% in January) while the average sales price increased by 7.0% (was up by 14.0% in January) as compared to February of 2017.

The inventory of available townhouses and condos increased by 21 units to 437 properties as compared to last month. This is 7.2% less than the February 2017 inventory. Currently, there’s a 4.4 month supply of inventory (compared to 5.0 months for February 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 February 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 February 2018 Market Report

Martin County Single Family Homes February 2018 Market Report

04.04.18 by Gabe Sanders

Martin County Single Family Homes February 2018 Market Report

The Martin County Single Family Homes February 2018 Market Report had weaker closed sales for the month but an increase in pending sales as compared to last February. Closed sales were down by 8.6% (was up by 11.0% in January). While new pending sales decreased by 11.1% as compared to February 2017 (Decreased by 22.0% in January).

Prices were mixed with the median sales price up by 5.7% from last year (down by 2.4% in January) while the average price decreased by 8.5% (was up by 1.2% last month).

The inventory of available single-family homes increased from last month by 3 homes to 1036 units for January, this is 9.2% less than last February. The current supply of homes is 5.1 months, for February of last year, it was a 5.8 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 February 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 February 2018 Market Report

Hobe Sound FL 33455 Condo Market Report February 2018

03.31.18 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report February 2018

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

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

There are currently 10 active condo listings. (Decreased by 2 condos from January)

4 Condos are pending and awaiting close. (Down by 1 condo from January)

1 Condos sold in February. (Decreased by 3 condos from January)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Inventory, pending sales and closed sales all decreased for February.

The absorption rate for Hobe Sound condos was 10.0 months for February as compared to 3.o months in January). 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 February 2017 numbers were: 13 active listings, 6 pending sales, and 2 closed sales. Stronger activity last year for Hobe Sound condos.

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Hobe Sound FL 33455 Condo Market Report February 2018

Jensen Beach FL 34957 Condo Market Report February 2018

03.29.18 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report February 2018

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

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

There are currently 112 active listings. (Decreased by 7 condos from January)

46 Condo sales are pending and awaiting settlement. (Down by 1 condos from January)

30 Condos Sold (Up by 15 condos from January)

The Jensen Beach FL 34957 Condo Market Report for February doubled the number of sales from last month. A strong market continues in jensenbeach.

The one month absorption rate for the February 2018, Jensen Beach Florida Market Report ZIP Code 34957 rose to 3.7 months (from 7.9 months in January), back into a seller’s market after a short two months outside of this. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The February 2017 numbers were: 123 active listings, 59 pending sales and 16 condos closed. Better closed sales volume for this year, but higher pending sales volume last February.

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Jensen Beach FL 34957 Condo Market Report February 2018

Palm City FL 34990 Condo Market Report February 2018

03.27.18 by Gabe Sanders

Palm City FL 34990 Condo Market Report February 2018

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

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

There are currently 103 active condo listings. (Increased by 1 condos from January)

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

4 Condos Sold in February. (Down by 9 condos from January)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. For February closed sales were off from last month. Inventory and pending sales showed incrementalimprovements.

The current absorption rate for condos in the 34990 zip code area shot up to 25.8 months (was 6.8 months in July). A very strong buyers’ market for Palm City condominiums. A balanced market is considered to be an absorption rate of around 6 to 7 months.

The February 2017 numbers were: 92 active listings, 11 pending sales, and 6 closed sales. Slightly better activity last year even on a reduced number of condos available for sale (inventory).

Palm City FL 34990 Condo Market Report February 2018

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Palm City FL 34990 Condo Market Report February 2018

Westwood Country Estates Palm City March 2018 Market Report

03.25.18 by Gabe Sanders

Westwood Country Estates Palm City March 2018 Market Report

As of March 2018, there are 3 homes on the market in Westwood Country Estates in Palm City, FL. The list prices range from $495,000 up to $649,900 for an average list price of $591,300 which equals $180.10 per sq. ft. of living area.

There are no homes currently under contract (pending sales)

There have been 2 homes sold in the past 12 months in Westwood Country Estates. Sales prices were $330,000 and $455,000 for an average sales price of $392,500 which was $169.18 per sq. ft. of living area. These sales averaged 95% of the list price and went under contract in an average of 29 days on market.

About Westwood Country Estates in Palm City Florida:

Westwood Country Estates is a wide open, gorgeous community that features statuesque homes that are beautifully placed on oversized lots of 1/2 acre or more, that will give you and your family plenty of room to grow! Wonderfully landscaped throughout, Westwood Country Estates will make you feel proud to come home to. Every home is unique and there is sure to be one you will fall in love with!

There are only 77 homes in Westwood Country Estates in Palm City Florida. Homeowner association fees are a very reasonable $375 per year.

Palm City is a great place to raise a family with its “A” rated schools and proximity to I-95 and Florida’s Turnpike which opens you to all the opportunities of both Martin County and it’s neighbors, just a short drive North or South! Martin County has lots of recreational areas and opportunities to enjoy many opportunities outdoors with your family!

Westwood Country Estates Homes for Sale

Westwood Country Estates Palm City March 2018 Market Report

Stuart Florida 34994 Residential Market Report February 2018

03.23.18 by Gabe Sanders

Stuart Florida 34994 Residential Market Report February 2018

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

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

There are currently 81 active listings (Down by 5 homes from January)

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

13 Homes Sold in January (Increased by 2 homes from January)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida has gained inventory for two months in arow unlike most areas in Martin County. Both sales and pending sales also increased.

The one-month absorption rate for the 34994 zip code for January dipped to 6.2 months from 7.8 months for January. Returning to a balanced 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 February 2017 numbers were 68 Active Listings, 25 pending sales, and 10 closed sales. One of the few areas of Martin County with increased inventory from last year along with better sales volume.

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