Jensen Beach FL 34957 Condo Market Report May 2017

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for May 2017

For May 2017 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County):

There are currently 122 active listings. (Decreased by 13 condos from April)

44 Condo sales are pending and awaiting settlement. (Down by 4 condos from April)

28 Condos Sold (Down by 13 condos from April)

The Jensen Beach FL 34957 Condo Market Report for Mayshows a continuing active market though we did have declines in all measured parameters for the month of May 2017.

The one month absorption rate for the May 2017, Jensen Beach Florida Market Report ZIP Code 34957 increased to 4.4 months (from 3.3 months in April), still a seller’s market. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The May 2016 numbers were: 26 active listings, 11 pending sales and 3 condos closed. We had a change in reporting data collection methods and are now including all condos in the 34957 zip code which increases the sampling data base, so the comparisons from last year are not valid at present.

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Jensen Beach FL 34957 Condo Market Report May 2017

Locks Landing in Stuart Florida June 2017 Market Report

06.20.17 by Gabe Sanders

Locks Landing in Stuart Florida June 2017 Market Report

As of June 2017, there were 5 homes on the market in Locks Landing in Stuart Florida. Listing prices range from $380,000 up to $489,000 for an average price of $422,100 which equates to a per square foot of $201.22.

There are 3 homes currently under contract. List prices were from $409,900 up to $495,000 for an average list price of $464,800 which equals $190.15 per sq. ft. of living area. These homes averaged 39 days on the market before going under contract.

In the past 12 months, 21 homes have sold in Locks Landing with sales prices ranging from $333,000 up to $485,000 for an average sales price of $423,846 or $175.22 per sq. ft. of living area. These sales averaged at 98% of listing price and on average went under contract within 78 days of being listed.

Locks Landing in Stuart Florida is a planned unit community of 243 homes on the south eastern 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 fresh water 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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Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Locks Landing in Stuart Florida June 2017 Market Report

Palm City FL 34990 Condo Market Report May 2017

06.18.17 by Gabe Sanders

Palm City FL 34990 Condo Market Report May 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for May 2017

For May 2017 in the 34990 Zip Code area of Palm City, Florida :

There are currently 76 active condo listings. (Decreased by 10 condos from April)

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

4 Condos Sold in May. (Down by 4 condos from April)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. Market activity remains pretty slow for Palm City condos and remains a difficult market for sellers. (Though a good part of this difficulty comes from two equity golf club communities.)

The current absorption rate for condos in the 34990 zip code area jumped to 19 months (was 10.8 months in May). A strong buyers’ market for Palm City condominiums. A balanced market is considered to be an absorption rate of around 6 to 7 months.

The May 2016 numbers were: 62 active listings, 13 pending sales and 7 closed sales. Better volume on lower inventory from last year.

Palm City FL 34990 Condo Market Report May 2017

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Palm City FL 34990 Condo Market Report May 2017

Snug Harbor Stuart June 2017 Market Report

06.16.17 by Gabe Sanders

Snug Harbor June 2017 Market Report

As of June 2017, there are 3 active listings in Snug Harbor in Stuart, FL. The list prices range from a low of $1,350,000 up to $2,650,000 for an average list price of $2,133,333 which equals $460.86 per sq. ft. of living area.

There are currently no homes under contract or pending.

8 homes have sold in Snug Harbor in the past 12 months. Ranging in sales price from a low of $340,000 up to $1,870,000. The average sales price was $898,611 or $274.91 per sq. ft. of living area. These sales averaged at 94% of the last listed price and averaged 67 days on market prior to going under contract.

About Snug Harbor

Snug Harbor remains as one of the most desirable locations in Stuart, FL. Located on the wide Saint Lucie River just east of the city of Stuart Florida is this unique subdivision.

Snug Harbor was the vision of a group of 10 Yachtsmen, many former Commodores of the Chicago Yacht Club back in 1943. They bought the land and platted the area in September 1944 as well as forming the Snug Harbor Corporation, which controlled the ownership of the lots.

In 1975 the deeds were distributed and/or sold to the then owners and a condominium form of ownership was established under the name of the Snug Harbor Yacht Club. With both waterfront and non-waterfront homes and estates, located just minutes away from the ocean by boat or car and also convenient to downtown Stuart, offices, restaurants and recreational areas.

Snug Harbor is one of the finest communities in Martin County. There are only 72 home sites with a club house, deep water marina, boat ramp, trailer parking and tennis courts. There is an active association with social activities year round that make this community a very attractive place to call home.

Please feel free to contact Gabe Sanders (772-323-6996), a Snug Harbor resident, if you would like any information about this wonderful community.

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Snug Harbor Homes for Sale

Snug Harbor June 2017 Market Report

Bay Colony of Stuart June 2017 Market Report

06.12.17 by Gabe Sanders

Bay Colony of Stuart June 2017 Market Report

As of June 2017, there was only 1 active listing in the Bay Colony of Stuart. This home is listed for $675,000 or $215.31 per sq. ft. of living area.

There is also one home under contract which has not sold to date. This home was listed for $749,900 which is $211.24. This home was on the market for 88 days before going under contract.

3 homes have sold in the past 12 months. The sales prices were from $610,000 up to $885,000 which averages to $765,000 which equals $$258.86 per sq. ft. of living area. These sales averaged 97% of listing price and the average days on market prior to going under contract was 179 days.

The Bay Colony of Stuart is an exclusive gated community lying on the shores of the North Fork of the Saint Lucie River. There are 34 home sites in Bay Colony and as of February 2017, only two vacant lots remain.

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

This community enjoys low HOA fees of only $810 per year (June 2017) which go towards maintaining the common areas, management fees, trash pickup, and gate.

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

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

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Bay Colony Homes for Sale

Bay Colony of Stuart June 2017 Market Report

Stuart Florida Market Report ZIP Code 34994 Residential May 2017

06.11.17 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Residential May 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for May 2017

For May, 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 71 active listings (Increased by 2 homes from April)

32 Residential sales are pending and awaiting close or lender approval (Decreased by 1 homes from last month).

16 Homes Sold in April (Up by 4 homes from April)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues with strong activity for May.

The one month absorption rate for the 34994 zip code for May decreased to 4.4 months from 5.8 months for April. Trending back towards more of a sellers’ 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 May 2016 numbers were 62 Active Listings, 43 pending sales and 18 closed sales. Better pending and closed activity last year with less inventory.

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Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 Residential May 2017

Martin County Townhouses and Condos April 2017 Market Detail

06.01.17 by Gabe Sanders

Martin County Townhouses and Condos April 2017 Market Detail

Martin County Townhouses and Condos Market Detail for April 2017showed weaker sales activity when compared to last April. Closed sales for the month were down by 1.5% (were down by 2.5% in March) while new sales under contract (new pending sales) were down by 2.6% from April 2016 (increased by 8.8% in March).

Prices were also down again for April as the median sales price decreased by 8.4% (was down by 13.0% in March) while the average sales price decreased by 0.2% (was down by 19.6% in March) as compared to April of 2016. After the rapid rise in prices for the past two years, this correction is not unexpected.

The inventory of available townhouses and condos decreased by 13 units to 432 properties as compared to last month. This is still 6.7% greater than the April 2016 inventory. Currently, there’s a 4.6 month supply of inventory (a 12.2% increase from last year which was 4.1 months). Still a sellers’ 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 April 2017 Market Detail

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

Martin County Townhouses and Condos April 2017 Market Detail

Martin County Single Family Homes April 2017 Market Detail

05.31.17 by Gabe Sanders

Martin County Single Family Homes April 2017 Market Detail

The Martin County Single Family Homes Market Detail for April 2017 showed weaker sales activity when compared to last April. Closed sales were down by 2.3% (was up by 11.3% in March). New pending sales decreased by 18.2% as compared to April of 2016 (Decreased by 3.3% in March).

Prices continued to increase though at a much slower rate with the median sales price up by 2.8% from last year (up by 8.7% in March) while the average price increased by 0.8% (was up by 8.0% last month).

The inventory of available single family homes decreased from last month by 49 homes to 1,045 units for April, this is still 4.2% greater than last April. The current supply of homes is 5.2 months, for April of last year it was a 4.9 months supply. (This is a 6.1% increase from last year). Still a sellers’ 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 April 2017 Market Detail

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

Martin County Single Family Homes April 2017 Market Detail

Martin County Townhouses and Condos 2017 1’st Quarter Report

05.26.17 by Gabe Sanders

Quarterly Market Report for Martin County Townhouses and Condos

1’st Quarter 2017

Click the image below to view the full details of the Martin County townhouses and condos market report data as reported by Martin County Realtor for the 1’st Quarter 2017.

Both closed and pending sales increased for this quarter when compared to the 1’st quarter of 2016. The median and average sales prices continued eased when compared to last year and inventory increased to a 4.7 months supply. It still a seller’s market for Martin County townhouses and condos.

View the entire set of data at GabeSanders.com

Stuart West Palm City May 2017 Market Report

05.26.17 by Gabe Sanders

Stuart West Palm City May 2017 Market Report

There are currently 6 homes for sale in Stuart West. List prices range from $467,800 to 1,050,000 for an average asking price of $647,169 which is $212.49 per sq. ft. of living area.

There is 1 home currently under contract. This home was listed for $625,000 or 222.74 per sq. ft. of living area. This home was on the market for 29 days prior to going under contract.

In the past 12 months, 12 homes have sold in Stuart West. Sale prices ranged from $415,000 up to $698,000 with the average sale price being $541,113 which equals a per sq. ft. of living area price of $170.51. These homes sold for an average of 95% of list price and averaged 202 days on the market.

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 May 2017 Market Report

Martin County Single Family Homes 2017 1’st Quarter Report

05.25.17 by Gabe Sanders

Quarterly Market Report for Martin County Single Family Homes

1’st Quarter 2017

Click the image below to view the full details of the Martin County single family homes market report data as reported by Martin County Realtor for the 1’st Quarter 2017.

Closed and new pending sales were up for the 1’st quarter when compared to last year and prices also increased. Martin County single family homes remained in a sellers’ market though inching closer to a balanced market.

View the entire set of data at GabeSanders.com

Hobe Sound FL 33455 Condo Market Report April 2017

05.22.17 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report April 2017

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for April 2017

For April 2017 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 15 active condo listings. (Decreased by 1 condos from March)

6 Condos are pending and awaiting close. (Up by 2 pending condos from March)

4 Condos sold in April. (Unchanged from March)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Sales and pending sales are doing well and the inventory is returning to more normal levels from last year’s extremely low numbers.

The absorption rate for Hobe Sound condos decreased to 3.8 months for April (was 4.0 in March). A sellers’ market for Hobe Sound condos. 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 on percentages that do not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The April 2016 numbers were: 5 active listings, 6 pending sales and 4 closed sales. Activity seems to be improving here but it’s very difficult to make meaningful comparisons with such low numbers of sales and inventory, though this segment appears to be returning to more normal volume.

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Hobe Sound FL 33455 Condo Market Report April 2017

Jensen Beach FL 34957 Condo Market Report April 2017

05.20.17 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report April 2017

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for April 2017

For April 2017 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County):

There are currently 135 active listings. (Increased by 6 condos from March)

48 Condo sales are pending and awaiting settlement. (Down by 6 condos from March)

41 Condos Sold (Up by 16 condos from March)

The Jensen Beach FL 34957 Condo Market Report for April continued with a very strong increase in sales activity. I don’t expect this volume to continue into the early summer.

The one month absorption rate for the April 2017, Jensen Beach Florida Market Report ZIP Code 34957 dropped to 3.3 months (from 5.2 months in March), now a very 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 April 2016 numbers were: 113 active listings, 72 pending sales and 37 condos closed. We had a change in reporting data collection methods and are now including all condos in the 34957 zip code which increases the sampling data base, so the comparisons from last year are not valid at present.

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Jensen Beach FL 34957 Condo Market Report April 2017

Palm City FL 34990 Condo Market Report April 2017

05.18.17 by Gabe Sanders

Palm City FL 34990 Condo Market Report April 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for April 2017

For April 2017 in the 34990 Zip Code area of Palm City, Florida :

There are currently 86 active condo listings. (Decreased by 9 condos from March)

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

8 Condos Sold in April. (Up by 4 condos from March)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. For April of 2017 closed sales increased and pending sales remained close to last month while the inventory decreased.

The current absorption rate for condos in the 34990 zip code area dropped to 10.8 months (was 23.8 months in April). Still a buyers’ market for Palm City condominiums, but trending towards a more balanced market. A balanced market is considered to be an absorption rate of around 6 to 7 months.

The April 2016 numbers were: 65 active listings, 12 pending sales and 8 closed sales. Very similar closed activity and less pending activity this year but with a larger inventory.

Palm City FL 34990 Condo Market Report April 2017

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Palm City FL 34990 Condo Market Report April 2017

May 2017 Market Report for Legacy Cove in Stuart Florida

05.15.17 by Gabe Sanders

May 2017 Market Report for Legacy Cove in Stuart Florida

There are currently 3 homes for sale in Legacy Cove in Stuart, FL. Listing prices range from $389,900 to $439,000 for an average listing price of $411,297 or a price per square foot of living area of $174.24.

There is one home currently under contract awaiting settlement. The list price is $404,900 or $157.12 per sq. ft. of living area. This home was on the market for 23 days prior to going under contract.

In the past 12 months, 16 homes have sold in Legacy Cove with sales prices ranging from $288,000 to $465,000 for an average sales price of $349,590 or $160.62 per sq. ft. of living area. These sales averaged 97% of list price and went under contract in an average of 55 days after going on the market.

Legacy Cove in Stuart Florida is a gated lakeside community of 229 homes off of 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 for 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 club house 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 Florida enjoy a relaxing life style 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 may have about Locks landing, 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

May 2017 Market Report for Legacy Cove in Stuart Florida

Stuart Florida Market Report ZIP Code 34994 Residential April 2017

05.11.17 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Residential April 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for April 2017

For April, 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 69 active listings (Unchanged from March)

33 Residential sales are pending and awaiting close or lender approval (Decreased by 1 homes from last month).

12 Homes Sold in March (Down by 3 homes from March)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida retreated a bit with both pending sales and closed sales decreasing for the month of April.

The one month absorption rate for the 34994 zip code for April increased to 5.8 months from 4.6 months for March. Once again approaching 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 April 2016 numbers were 65 Active Listings, 49 pending sales and 10 closed sales. Considerably better pending sales activity last year with a slightly higher closed sales activity for this year.

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