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.

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Jensen Beach FL 34957 Condo Market Report March 2017

Palm City FL 34990 Condo Market Report March 2017

04.19.17 by Gabe Sanders

Palm City FL 34990 Condo Market Report March 2017

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

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

There are currently 95 active condo listings. (Increased by 3 condos from February)

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

4 Condos Sold in March. (Down by 2 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 of 2017 activity decreased for both pending and closed sales and there’s quite a lot of room for improvement in this segment of the Martin County condo market.

The current absorption rate for condos in the 34990 zip code area jumped to 23.8 months (was 15.3 months in March). 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 March 2016 numbers were: 65 active listings, 15 pending sales and 4 closed sales. Similar activity this year but with a much larger inventory.

Palm City FL 34990 Condo Market Report March 2017

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Palm City FL 34990 Condo Market Report March 2017

Fairwinds Cove Condos in Jensen Beach April 2017 Market Update

04.13.17 by Gabe Sanders

Fairwinds Cove Condos in Jensen Beach April 2017 Market Update

Fairwinds Cove Condos in Jensen Beach, FL., Market Update for April 2017:

There are currently no active listings on the market in Fairwinds Cove on Hutchinson Island in Jensen Beach for April 2017.

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

In the past 12 months, 7 condos have sold ranging in sales prices from $159,900 to $203,000 with an average sales price of $180,486 which is $157.71 per square foot and a list to sales price ratio of 92%. These condos averaged 49 days on market before going under contract.

Aerial View of Fairwinds Cove

Entrance to Fairwinds Cove

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).

Pool at Fairwinds Cove

Docks of Fairwinds Cove

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

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.

Fitness Room of Fairwinds Cove

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Fairwinds Cove Condos in Jensen Beach April 2017 Market Update

Stuart Florida Market Report ZIP Code 34994 Residential March 2017

04.12.17 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Residential March 2017

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

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

There are currently 69 active listings (Decreased by 5 homes from February)

34 Residential sales are pending and awaiting close or lender approval (Increased by 9 homes from last month).

15 Homes Sold in February (Up by 5 homes from February)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continued to improve with both pending sales and closed sales increasing for the month of March.

The one month absorption rate for the 34994 zip code for March dropped to 4.6 months from 6.8 months for February. Transitioning into a strong 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 March 2016 numbers were 62 Active Listings, 33 pending sales and 15 closed sales. Very similar activity to last year.

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Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 Residential March 2017

Sewalls Landing April 2017 Market Report

04.04.17 by Gabe Sanders

Sewalls Landing April 2017 Market Report

As of April 2017, there are 3 homes available for sale in Sewalls Landing, List prices range from $595,000 up to $629,000 for an average list price of $612,667 or $214.66 per sq. ft. of living area.

There are no homes currently under contract in Sewalls Landing.

In the past 12 months, 3 Sewalls Landing homes have sold. Sales prices ranged from a low of $375,000 up to $836,250 for an average sales price of $606,750 which equals $219.64 per sq. ft. of living area. These sales averaged for 94% of list price and the homes averaged going under contract after 196 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 2017 Market Report

Martin County Townhouses and Condos February 2017 Market Detail

04.02.17 by Gabe Sanders

Martin County Townhouses and Condos February 2017 Market Detail

Martin County Townhouses and Condos Market Detail for February 2017 continued with good closed activity and weaker future activity with reduced pending sales. Closed sales for the month were up by 1.0% (was up by 28.6% in January) while new sales under contract (new pending sales) were down by 6.8% from February 2016 (decreased by 15.6% in January).

Prices were down again for February as the median sales price decreased by 2.2% (was down by 15.6% in January) while the average sales price decreased by 14.4% (was down by 17.2% in January) as compared to February 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 14 units to 471 properties as compared to last month. This is 16.0% greater than the February 2016 inventory. Currently, there’s a 5.0 month supply of inventory (a 22.0% 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 February 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 February 2017 Market Detail

Martin County Single Family Homes February 2017 Market Detail

04.01.17 by Gabe Sanders

Martin County Single Family Homes February 2017 Market Detail

The Martin County Single Family Homes Market Detail for February 2017 regained momentum with a strong month. Closed sales were up by 17.8% (was down by 24.0% in January). New pending sales decreased by 10.0% as compared to February of 2016 (Increased by 9.4% in January).

Prices continued to increase with the median sales price up by 10.2% from last year (up by 4.1% in January) while the average price increased by 23.9% (was down by 2.7% last month).

The inventory of available single family homes increased from last month by 10 homes to 1,141 units for February, this is 7.8% greater than last February. Current supply of homes is 5.8 months, for February of last year it was a 5.1 months supply. (This is a 13.7% increase from last year). Drifting closer to a balanced 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 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 February 2017 Market Detail

Hobe Sound FL 33455 Condo Market Report February 2017

03.29.17 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report February 2017

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

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

There are currently 13 active condo listings. (Unchanged from January)

6 Condo is pending and awaiting close. (Up by 5 pending condos from January)

2 Condos sold in February. (Decreased by 12 closed sales from January)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Sales dropped to a more normal level this month while pending activity rose nicely on unchanged inventory.

The absorption rate for Hobe Sound condos was 6.5 months for February (was 0.9 in January). A balanced market. 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 February 2016 numbers were: 9 active listings, 5 pending sales and 0 closed sales. 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 February 2017

Jensen Beach FL 34957 Condo Market Report February 2017

03.27.17 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report February 2017

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

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

There are currently 123 active listings. (Decreased by 9 condos from January)

59 Condo sales are pending and awaiting settlement. (Up by 16 condos from January)

16 Condos Sold (Unchanged from January)

The Jensen Beach FL 34957 Condo Market Report for February had a decrease in inventory and a nice jump in pending sales while closed sales remained the same.

The one month absorption rate for the February 2017, Jensen Beach Florida Market Report ZIP Code 34957 declined to 7.7 months (from 8.25 months in January), still a buyers’ market, but trending towards a balanced market. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The February 2016 numbers were: 26 active listings, 18 pending sales and 11 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 February 2017

Westwood Country Estates Palm City March 2017 Market Report

03.26.17 by Gabe Sanders

Westwood Country Estates Palm City March 2017 Market Report

As of March 2017, 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 for 95% of the list price and went under contract in an average of 29 days on market.

Westwood Country Estates in Palm City, FL is a wide open, gorgeous community that features statuesque homes that are beautifully placed on oversized lots of ½ 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!

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!

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Westwood Country Estates Palm City March 2017 Market Report

Palm City FL 34990 Condo Market Report February 2017

03.25.17 by Gabe Sanders

Palm City FL 34990 Condo Market Report February 2017

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

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

There are currently 92 active condo listings. (Increased by 1 condos from January)

11 Condo sales are pending and awaiting close or lender approval. (Up by 3 condos from last month)

6 Condos Sold in February. (Up by 1 condos from January)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. Activity was very similar to last month with small gains in pending and closed sales.

The current absorption rate for condos in the 34990 zip code area decreased to 15.3 months (was 18.5 months in February). Still a buyers’ market for Palm City condominiums but trending in the right direction. A balanced market is considered to be an absorption rate of around 6 to 7 months.

The February 2016 numbers were: 65 active listings, 15 pending sales and 6 closed sales. Similar activity this year but with a much larger inventory.

Palm City FL 34990 Condo Market Report February 2017

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Palm City FL 34990 Condo Market Report February 2017

Cobblestone Country Club March 2017 Market Report

03.23.17 by Gabe Sanders

Cobblestone Country Club March 2017 Market Report

For March 2017 there are 6 homes for sale in the Cobblestone Country Club of Palm City, FL. List prices range from $439,900 to $599,000. The average list price equals $532,967 which is $179.14 per sq. ft. of living area.

2 homes are under contract and awaiting sale. List prices are $459,900 and $599,000 for an average of $529,450 which equals $162.60 per sq. ft. of living area. These homes were on the market for an average of 146 days before going under contract.

In the past 12 months, 12 homes have sold in the Cobblestone Country Club. Sale prices ranged from $340,000 to $599,900 for an average sale price of $465,396 which equals $137.51 per sq. ft. of living area. These homes sold for an average of 96% of list price and went under contract in an average 0f 49 days after being listed.

Located just west of the center of Palm City, Cobblestone Country Club is a peaceful neighborhood of 512 acres with only 238 residences providing generous amounts of space around each home. This upscale community is adjacent to exit 110 on I-95 with easy access to all that Palm Beach County to the South and Orlando to the North, has to offer while enjoying the laid back low growth lifestyle, lower taxes and superior school systems that Martin County offers. Residents enjoy coming home to picturesque views of lakes, preserves and the 18-hole private Fox Golf Course in the Cobblestone Country Club. Homes in Cobblestone consist of new custom built homes and a selection of quality newer resales.

Cobblestone Country Club Homes for Sale

Cobblestone Country Club March 2017 Market Report

Stuart Florida Market Report ZIP Code 34994 Residential February 2017

03.18.17 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Residential February 2017

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

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

There are currently 74 active listings (Decreased by 6 homes from January)

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

10 Homes Sold in January (Up by 3 homes from January)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida regained some lost momentum from the previous month.

The one month absorption rate for the 34994 zip code for February dropped to 6.8 months from 10.6 months for January. Moving into 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 2016 numbers were 69 Active Listings, 24 pending sales and 13 closed sales. Slightly weaker activity for this year.

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