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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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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Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 Residential April 2017

May 2017 Market Report for Ocean House in Indian River Plantation

05.08.17 by Gabe Sanders

May 2017 Market Report for Ocean House in Indian River Plantation

May 2017 Market Report for Ocean House Condos in Indian River Plantation, Hutchinson Island in Stuart, FL

Currently there are 3 active listing on the market in Ocean House, with list prices from $595,000 up to $637,000 for an average list price of $610,333 which equates to $455.47 per square ft. of living area.

There are no condos currently under contract awaiting settlement.

In the past 12 months, there have 3 sales in Ocean House. The sales prices were from $440,000 up to $637,500 for an average sales price of $512,500 or $370.98 per square foot of living area. These condos sold for an average of 92% of the last list price and went under contract in an average of 296 days after being listed.

One of the newest buildings in Indian River Plantation, Ocean House, is also the most magnificent. Consisting of 79 Luxury Condo units of either 2 or 3 spacious bedrooms with amenities galore. All suites have Ocean views, even the first floor units, which are in actuality the equivalent of being on the third floor as there are two parking levels for residents to enjoy covered parking.

Ocean House has a newly renovated club house area featuring an Reportd kitchen with granite counter tops and stainless steel appliances. Two flat screen televisions and free wi-fi for those that need connectivity.

A heated pool and lanai area that’s perfect for lounging close to the beach, or walk down your private access to enjoy the crystal blue waters of your private Atlantic ocean beach.

Barbecue area with a Tiki Hut for those nights that you want to eat out under the stars.

The Marriott Resort at Indian River Plantation Features:

Indian River Plantation consists of numerous condominium associations and buildings. All styles from Ocean front to River front and Golf and Tennis villas can be found here. IRP is associated and co-located with the Marriott Resort and Marina.

Tucked away on Hutchinson Island, the Treasure Coast’s 16-mile lush barrier island, is a unique resort that greets guests with the warmth of true Southern hospitality.

The Hutchinson Island Marriott Beach Resort and Marina stretches across 200 acres of plantation landscape on Hutchinson Island, bordered on one side by the Atlantic Ocean and by the shimmering Indian River on the other side.

A newly remodeled lobby with sweeping draperies, plantation-style wood furnishings and tropical tones sets the stage for a magical golf getaway. This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.

Golfers of all skill levels will enjoy the challenging fairways and greens found in the area’s 12 courses. Plantation East, the resort’s own course, meanders throughout the island and is characterized by water on 17 of 18 holes. This 4,042-yard, par-61 executive course requires careful club selection and precision shot-making to overcome constantly changing ocean breezes.

This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.

Golfers of all skill levels will enjoy the challenging fairways and greens found in the area’s 12 courses. The Ocean Club, the resort’s own course, meanders throughout the island and is characterized by water on 17 of 18 holes. This 4,042-yard, par-61 executive course requires careful club selection and precision shot-making to overcome constantly changing ocean breezes.

The Hutchinson Island Marriott offers guests and residents two tiki bars and their Signature Restaurant, the Baha Grille. Thirteen Novagrass tennis courts, miles of unspoiled beaches, water sports, deep sea fishing, and a full-service 77-slip marina anchored on the Indian River round out a perfect vacation of sun and fun.

Resort amenities also include three heated pools with sun decks, game rentals from the Activities Hut, two outdoor spas and supervised activities for both children and teens.

May 2017 Market Report for Ocean House in Indian River Plantation

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Martin County Townhouses and Condos March 2017 Market Detail

04.28.17 by Gabe Sanders

Martin County Townhouses and Condos March 2017 Market Detail

Martin County Townhouses and Condos Market Detail for March 2017 had a bit slower closed sales for the month as compared to last year, while new pending activity looks good. Closed sales for the month were down by 2.5% (was up by 1.0% in February) while new sales under contract (new pending sales) were up by 8.8% from March 2016 (decreased by 6.8% in February).

Prices were down again for March as the median sales price decreased by 13.0% (was down by 2.2% in February) while the average sales price decreased by 19.6% (was down by 14.4% in February) as compared to March of 2016. Not totally unexpected with the rapid rise of prices for the past three years as there may be a small correction taking place. Though this market is till active.

The inventory of available townhouses and condos decreased by 26 units to 445 properties as compared to last month. This is 12.9% greater than the March 2016 inventory. Currently, there’s a 4.7 month supply of inventory (a 17.5% increase from last year which was 4.0 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.

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Martin County Townhouses and Condos March 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 March 2017 Market Detail

Martin County Single Family Homes March 2017 Market Detail

04.27.17 by Gabe Sanders

Martin County Single Family Homes March 2017 Market Detail

The Martin County Single Family Homes Market Detail for March 2017 continues to show gains from last year though not quite as robust as last month’s gains. Closed sales were up by 11.3% (was up by 17.8% in February). New pending sales decreased by 3.3% as compared to March of 2016 (Increased by 10.0% in February).

Prices continued to increase with the median sales price up by 8.7% from last year (up by 10.2% in February) while the average price increased by 8.0% (was up by 23.9% last month).

The inventory of available single family homes decreased from last month by 47 homes to 1,094 units for March, this is 1.5% greater than last March. Current supply of homes is 5.5 months, for March of last year it was a 5.2 months supply. (This is a 5.8% 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 March 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 March 2017 Market Detail

Hobe Sound FL 33455 Condo Market Report March 2017

04.23.17 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report March 2017

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

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

There are currently 16 active condo listings. (Increased by 3 condos from February)

4 Condo is pending and awaiting close. (Down by 2 pending condos from February)

4 Condos sold in March. (Increased by 2 closed sales from February)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. There continues to be solid activity, though with such small numbers, trends are difficult to analyze.

The absorption rate for Hobe Sound condos decreased to 4.0 months for March (was 6.5 in February). 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 March 2016 numbers were: 5 active listings, 7 pending sales and 3 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.

Search for Hobe Sound FL Condos for Sale Here

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Hobe Sound FL 33455 Condo Market Report March 2017

Jensen Beach FL 34957 Condo Market Report March 2017

04.21.17 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report March 2017

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

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

There are currently 129 active listings. (Increased by 6 condos from February)

54 Condo sales are pending and awaiting settlement. (Down by 5 condos from February)

25 Condos Sold (Up by 6 condos from February)

The Jensen Beach FL 34957 Condo Market Report for March showed a strong increase in sales but unfortunately pending sales were off a bit, indicating a potential for slower closed activity in the near future.

The one month absorption rate for the March 2017, Jensen Beach Florida Market Report ZIP Code 34957 declined to 5.2 months (from 7.7 months in February), back into a sellers market. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The March 2016 numbers were: 25 active listings, 13 pending sales and 9 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.