Palm City FL 34990 Condo Market Report June 2017

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

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

There are currently 75 active condo listings. (Decreased by 1 condos from May)

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

6 Condos Sold in June. (Up by 2 condos from May)

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 12.5 months (was 19 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 June 2016 numbers were: 65 active listings, 4 pending sales and 7 closed sales. Invenory is decreased from last year but there are better pending numbers and sales are close to being the same.

Palm City FL 34990 Condo Market Report June 2017

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Palm City FL 34990 Condo Market Report June 2017

Portofino Condos at Jensen Beach July 2017 Market Report

07.18.17 by Gabe Sanders

Portofino Condos at Jensen Beach July 2017 Market Report

As of July 2017 there are 2 condos available for sale in Portofino. List prices are $98,500 and $150,000 which averages to $124,250 or $132.69 per sq. ft. of living area.

There is 1 condo under contract at this time. This condo was listed for $125,000 which is $99.84 and was on the market for 70 days before going under contract.

In the past 12 months, 10 condos have sold in Portofino, ranging in sales price from $93,500 to $164,500 for an average sales price of $124,000 which equals a price per sq. ft. of $128.65. The average days on market was only 16 and the average list to sales price ratio was 95%.

About the Portofino Condos at Jensen Beach:

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

Portofino Condos at Jensen Beach are one of the newest condominium subdivisions in Martin County. Originally built as an upscale apartment complex around 2000, this development was turned into condominiums and began sales in 2005. Due to the downturn in the housing market, not all units were sold and some are now being offered for lease. Portofino Condos at Jensen Beach July 2017 Market Report features 1, 2 and 3 bedroom units with separate garage parking as an added purchase when available. Unit sizes are 802 sq. ft. for the 1 Bedroom 1 bath, 1074 sq. ft. for the 2 Bedroom 2 bath, and 1252 sq. ft. for the 3 Bedroom 2 bath.

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

The Condo Owners Association fees range from $209 to $330 per month depending on unit size and for garage owners, there’s an additional $20 per month charge. Fees include the extensive grounds and gated entry as well as the amenities, which include a large community pool, heated whirlpool, state of the art fitness center, indoor racquetball court, tennis court, playground and a private clubhouse with a full kitchen.

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

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

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Portofino Condos at Jensen Beach July 2017 Market Report

Lake Tuscany July 2017 Market Report

07.15.17 by Gabe Sanders

Lake Tuscany July 2017 Market Report

As of July 2017, there are 2 homes available for sale in Lake Tuscany with listing prices of $384,900 and $479,900 for an average list price of $432,400 which is a price per square foot of living area of $176.32.

There are no homes currently under contract.

In the past 12 months, 9 homes have sold in Lake Tuscany ranging in sales price from $365,000 up to $480,000 for an average sales price of $419,000 which equals $133.03 per sq. ft. of living area. These homes took an average of 96 days on market to go under contract and sold at 97% of list price.

About Lake Tuscany:

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

Lake Tuscany boasts lush landscaping and very reasonable Home Owner’s Association fees of $398 per quarter. These fees cover security, the common areas and lake upkeep, basic cable, trash collection and front landscaping. The Lake Tuscany property owners web site is located at this site.

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

Search here for currently available Lake Tuscany real estate in Stuart FL

For any questions you may have about Lake Tuscany Real Estate Update in Stuart FL July 2017 , please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Lake Tuscany July 2017 Market Report

July 2017 Archipelago Real Estate of Sewalls Point Market Report

07.13.17 by Gabe Sanders

Archipelago of Sewalls Point July 2017 Market Report

For July 2017 there are 2 active listings in the Archipelago of Sewalls Point. The list prices are $1,049,000 and $1,995,000 for an average list price of $1,522,000 or $416.12 per sq. ft. of living area.

There are no homes are currently under contract.

In the past 12 months, there have been 2 homes sold in the Archipelago of Sewalls Point. These homes sold for $600,000 and $1,425,000 for an average sales price of $1,012,500 which equals $325.32 per sq. ft. of living area. These sales averaged 82% of the list price and were on the market for an average of 780 days prior to going under contract.

About the Archipelago of Sewalls Point:

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

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

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July 2017 Archipelago Real Estate of Sewalls Point Market Report

Stuart Florida Market Report ZIP Code 34994 Residential June 2017

07.11.17 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Residential June 2017

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

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

There are currently 72 active listings (Increased by 1 homes from May)

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

16 Homes Sold in May (Up by 3 homes from May)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues into summer with solid market activity.

The one month absorption rate for the 34994 zip code for June increased to 5.5 months from 4.4 months for May. Making a movement closer 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 June 2016 numbers were 70 Active Listings, 33 pending sales and 17 closed sales. Better closed activity last year though the current pending numbers may show better upcoming closed sales for this year.

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Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 Residential June 2017

Sunset Trace Palm City June 2017 Market Report

06.28.17 by Gabe Sanders

Sunset Trace Palm City June 2017 Market Report

As of June 2017, there are 4 active townhomes for sale in Sunset Trace. List prices range from $137,000 up to $165,900 which works out to an average list price of S149,225 or $116.03 per square foot of living area.

There are also 4 homes under contract and awaiting settlement. The listing prices range from $145,900 up to $184,900 for an average list price of $162,950 which equals $120.51 per sq. ft. of living area. These homes were on the market for an average of 48 days prior to going under contract.

In the past 12 months, 24 homes have sold in Sunset Trace. Sales prices ranged from $96,439 to $151,000 for an average sales price of $135,331 which equals $104.11 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 14 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 June 2017 Market Report

Martin County Townhouses and Condos May 2017 Market Detail

06.26.17 by Gabe Sanders

Martin County Townhouses and Condos May 2017 Market Detail

Martin County Townhouses and Condos Market Detail for May 2017showed continued growth in sales activity when compared to last May, though at a slow pace. Closed sales for the month were up by 2.5% (were down by 1.5% in April) while new sales under contract (new pending sales) were up by 1.0% from May 2016 (decreased by 2.6% in April).

Prices rose for May as the median sales price increased by 7.3% (was down by 8.4% in April) while the average sales price increased by 6.4% (was down by 0.2% in April) as compared to May of 2016. This is a reversal of last months activity.

The inventory of available townhouses and condos decreased by 11 units to 421 properties as compared to last month. This is 0.7% greater than the May 2016 inventory. Currently, there’s a 4.5 month supply of inventory (a 7.1% increase from last year which was 4.2 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 May 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 May 2017 Market Detail

Martin County Single Family Homes May 2017 Market Detail

06.25.17 by Gabe Sanders

Martin County Single Family Homes May 2017 Market Detail

The Martin County Single Family Homes Market Detail for May 2017 showed continued growth when compared to last May. Closed sales were up by 8.3% (was down by 2.3% in April). New pending sales increased by 24.2% as compared to May of 2016 (Decreased by 18.2% in April).

Prices continued to rise with the median sales price up by 8.3% from last year (up by 2.8% in April) while the average price increased by 35.4% (was up by 0.8% last month).

The inventory of available single family homes decreased from last month by 9 homes to 1,036 units for May, this is still 5.0% greater than last May. The current supply of homes is 5.1 months, for May of last year it was a 4.8 months supply. (This is a 6.3% 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 May 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 May 2017 Market Detail

Hobe Sound FL 33455 Condo Market Report May 2017

06.22.17 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report May 2017

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

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

There are currently 16 active condo listings. (Increased by 1 condos from April)

5 Condos are pending and awaiting close. (Down by 1 condo from April)

2 Condos sold in May. (Decreased by 2 condos from April)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Closed sales were off for this month, but overall the market activity is still very good.

The absorption rate for Hobe Sound condos decreased to 8 months for May (was 3.8 in April). Back into a buyers’ 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 May 2016 numbers were: 5 active listings, 7 pending sales and 0 closed sales. Better activity this year as the inventory has just about tripled.

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Hobe Sound FL 33455 Condo Market Report May 2017

Jensen Beach FL 34957 Condo Market Report May 2017

06.20.17 by Gabe Sanders

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

Stuart Florida Real Estate

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

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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