Martin County Single Family Homes January 2017 Market Detail

03.01.17 by

Martin County Single Family Homes January 2017 Market Detail

The Martin County Single Family Homes Market Detail for January 2017 began the year with reduced sales volume from last year yet an increase in pending sales.  Closed sales were down by 24.0% (was up by 14.7% in December). New pending sales increased by 9.4% as compared to January of 2016 (Decreased by 21.6% in December).

Prices, however, increased with the median sales price up by 4.1% from last year (up by 11.6% in December) while the average price increased by 2.7% (was down by 9.3% last month).

The inventory of available single family homes increased from last month by 133 homes to 1,131 units for January,  this is 13.2% greater than last January.  Current supply of homes is 5.8 months, for January of last year it was a 4.8 months supply. (This is a 20.8% increase from last year).  Drifting close 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.

Martin County Single Family Homes January 2017 Market Detail

Click here to view or download the full report:
Martin County Single Family Homes January 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 January 2017 Market Detail

Hobe Sound FL 33455 Condo Market Report January 2017

02.24.17 by

Hobe Sound FL 33455 Condo Market Report January 2017

 

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

 

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

 

There are currently 13 active condo listings. (Up by 2 condos from December)

Hobe Sound FL 33455 Condo Market Report January 2017

1 Condo is pending and awaiting close. (Down by 1 pending condo from December)

Hobe Sound FL 33455 Condo Market Report January 2017

14 Condos sold in January. (Increased by 10 closed sales from December)

 Hobe Sound FL 33455 Condo Market Report January 2017

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  This was a big month for closed sales, the best for the year in Hobe Sound Condos.  Inventory remains challenged and only 1 pending sale for the month.

The absorption rate for Hobe Sound condos was 0.9 months for January (was 2.75 in December).  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 January 2016 numbers were: 6 active listings, 2 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.

Hobe Sound FL 33455 Condo Market Report January 2017

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report January 2017

Jensen Beach FL 34957 Condo Market Report January 2017

02.22.17 by

Jensen Beach FL 34957 Condo Market Report January 2017

 

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

 

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



There are currently 132 active listings. (Decreased by 2 condos from December)

Jensen Beach FL 34957 Condo Market Report January 2017

43 Condo sales are pending and awaiting settlement. (Up by 17 condos from December)

Jensen Beach FL 34957 Condo Market Report January 2017

16 Condos Sold (Down by 3 condos from December)

Jensen Beach FL 34957 Condo Market Report January 2017

 The Jensen Beach FL 34957 Condo Market Report for January showed fewer closed sales bu a very strong rise in pending sales which should result in better closed activity for the next few months.

The one month absorption rate for the January 2017, Jensen Beach Florida Market Report ZIP Code 34957 rose to 8.25 months (from 7.1 months in December), a little stronger buyers’ market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The January 2016 numbers were: 39 active listings, 19 pending sales and 6 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.

Jensen Beach FL 34957 Condo Market Report January 2017

Jensen Beach Florida Real Estate presented by:
Gabe Sanders

Jensen Beach FL 34957 Condo Market Report January 2017

Pipers Landing February 2017 Market Report

02.22.17 by

Pipers Landing February 2017 Market Report

Pipers Landing in Palm City FL

There are currently 36 active listings for sale in Pipers Landing.  List prices for these homes range from $75,000 to $1,399,000 for an average list price of $271,667 which equals $94.28 per sq. ft. of living area.

As of this time there are 2 homes and 1 condo under contract which haven’t closed to date.  List prices for these properties ranged from $49,900 to $375,000 for an average of $181,633 which is $68.48 per sq. ft. of living area.  These three homes averaged 535 days on market before going under contract.

In the past 12 months 16 homes have sold in Pipers Landing.  The sales prices ranged from a low of $25,000 up to $560,000.  The average sales price was $194,031 or $58.85 per sq. ft. of living area.  These sold listings averaged 127 days on the market before going under contract and sold at an average of 80% of the list price.

Pipers Landing in Palm City FL

A true world class golfing community in Palm City with just 302 homes on 600 acres of pristine Florida natural preserve and lushly landscaped grounds.  This is a waterfront community with deep water ocean access dockage that can accommodate yachts up to 75′.
Pipers Landing in Palm City FL

This is an equity golf course community (membership is mandatory).  Championship Joe lee designed course (6,832 yards) offering five different levels of play for all abilities.  Homes include spacious condos to spacious waterfront estate homes.  All this in beautiful Martin County, Florida, which boasts an abundance of beautiful waterways and quaint historic areas to experience and enjoy.

Pipers Landing in Palm City FL

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Palm City Real Estate is presented by:
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Pipers Landing February 2017 Market Report

Palm City FL 34990 Condo Market Report January 2017

02.20.17 by

Palm City FL 34990 Condo Market Report January 2017

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

 

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



There are currently 91 active condo listings. (Increased by 5 condos from December)

   Palm City FL 34990 Condo Market Report January 2017

8 Condo sales are pending and awaiting close or lender approval. (Unchanged from last month)

Palm City FL 34990 Condo Market Report January 2017

5 Condos Sold in January. (Up by 1 condos from December)

Palm City FL 34990 Condo Market Report January 2017

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  The inventory continues to rise while closed and pending sales are basically holding steady.

The current absorption rate for condos in the 34990 zip code area decreased to 18.5 months (was 21.5 months in January). Still an extreme 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 January 2016 numbers were: 64 active listings, 9 pending sales and 2 closed sales.   Better closed sales numbers this year, but this is with a considerable increase in inventory.
Palm City FL 34990 Condo Market Report January 2017

Stuart Florida Real Estate presented by:
Gabe Sanders

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report January 2017

The Yacht and Country Club of Stuart February 2017 Market Report

02.19.17 by

The Yacht and Country Club of Stuart February 2017 Market Report

February 2017 Market Update:

There are 17 homes currently for sale in the Yacht and Country Club of Stuart.  Listing prices are from $244,850 to $1,795,000 for an average list price of $692,844 which works out to $189.70 per sq. ft. of living area.

There are currently 6 homes under contract ranging in list price from $449,000 up to $799,000.  The average list price of these pending sales is $559,333 or $187.70 per sq. ft. of living area.  These homes averaged 195 days on market before going under contract.

23 homes have sold in the past 12 months.  Ranging in sales price from $183,000 to $1,400,000.  The average sales price was $508,516 which comes out to $155.15 1 per sq. ft. of living area.  These homes went under contract in an average of 158 days with sales prices averaging for 93% of list price.

 
The Yacht and Country Club of Stuart, Florida Golf Course

One of the first gated golf communities in Martin County, the , Florida remains among the preeminent communities on Florida’s Treasure Coast for both the golf and yachting enthusiast.  This fine gate guarded community boasts water front homes that are only minutes from the Saint Lucie inlet and the Atlantic Ocean.  Easy access for day trips to the Bahamas and back and a true fisherman’s paradise.

The Yacht and Country Club of Stuart, Florida Clubhouse

The ‘Stuart’ golf course at the Yacht  & Country Club of Stuart, Florida features a professional 18 hole course with 6,466 yards of golf from the longest tees for a par of 71 . The course rating is 71.2 and it has a slope rating of 125 on Bermuda grass. Driving range and putting greens are also provided at this club.

The Yacht and Country Club of Stuart, Florida Canal

The clubhouse at the Yacht and Country Club of Stuart offers a professionally appointed fitness center with a a resident massage therapist.  Tennis is provided by ix lighted Har-tru tennis courts and also residents are provided with two lighted croquet lawns.

The Yacht and Country Club of Stuart, Florida Homes

There is a heated swimming pool open daily and water aerobics is offered on a weekly basis. The Yacht and Country Club of Stuart has a formal Dining Room that has earned itself a reputation as one of Stuart’s finest dining establishments. Also offered is the “Grill Room” for those who would like to enjoy a more casual dining experience.

The Yacht and Country Club of Stuart, Florida Homes

Truly a wonderful place to call home.

 

Search here for available homes in the Yacht and Country Club of Stuart, Florida
Yacht and Country Club of Stuart, Florida - Homes for Sale

The Yacht and Country Club of Stuart February 2017 Market Report

Stuart Florida Market Report ZIP Code 34994 Residential January 2017

02.13.17 by

Stuart Florida Market Report ZIP Code 34994 Residential January 2017

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

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

There are currently 74 active listings (Increased by 22 homes from December)

Stuart Florida Market Report ZIP Code 34994 Residential January 2017

22 Residential sales are pending and awaiting close or lender approval (Increased by 4 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential January 2017

7 Homes Sold in December (Down by 12 homes from December)

Stuart Florida Market Report ZIP Code 34994 Residential January 2017

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida began 2017 with a drop inactivity along with a big jump in inventory.

The one month absorption rate for the 34994 zip code for January jumped to 10.6 months from 2.7 months for December.  Into a buyers’ market for the first time in quite some time 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 January 2016 numbers were 59 Active Listings, 14 pending sales and 10 closed sales.  A big jump in inventory along with a drop in closed and pending sales from last January.

Stuart Florida Market Report ZIP Code 34994 Residential January 2017

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Stuart Florida Real Estate presented by:
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Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 Residential January 2017

North River Shores February 2017 Market Update

02.08.17 by

North River Shores February 2017 Market Update

The North River Shores February 2017 Market Update for Stuart Florida:

There are currently 12 active listings in North River Shores.  List prices range from $329,900 up to $1,950,000.  The average list price is $766,892 based on $293.04 per square foot of living area.

4 homes are under contract (pending sales). List prices were from $259,900 up to $445,000 for an average of $316,200 which equates to a $163.27 price per sq. ft. of living area.  These homes averaged 127 days on the market before going under contract.

In the past 12 months, 17 homes have sold in North River Shores at an average sales price of $361,318 or at $190.40 per square foot of living area. Sales prices ranged from $215,000 up to $619,500 0 and averaged 93% of the last list price.  These homes were on the market for an average of 53 days prior to accepting the offers that lead to the sale.

North River Shores

The area north of the Roosevelt Bridge to Britt Road and west of US 1 is sometimes loosely referred to as “North River Shores.” However, North River Shores and its companion neighborhoods of Cocoanut Point and North River Forest are distinct subdivisions as recorded in Martin County records.
 
Members of these communities enjoy the benefits of designated park areas as well as the use of the boat ramp at Nosaw Park which accesses the North Fork of the St. Lucie River.There are also some accompanying deed restrictions that enhance and protect the aesthetic nature of this beautiful community.

 North River Shores

The North River Shores communities include both waterfront and non-waterfront homes.  Waterfront homes may have sweeping miles wide views of the North Fork of the Saint Lucie River or protected canal front homes with deep water dockage.  Additionally, North River Shores is a bird and wildlife sanctuary.


North River Shores This community is blessed with easy access to shopping, the beaches, houses of worship, schools and access to both downtown Stuart and Jensen Beach, yet it maintains a quiet and peacefully neighborhood character.   This is a wonderful neighborhood within Martin County’s ‘A’ rated school district.For additional information about North River Shores and/or the surrounding communities, contact Gabe Sanders or of Premier Realty Group.

North River Shores

 
Search here for available homes in North River Shores

 

Find the Perfect Home for Sale Today

Prices are low ant the inventory has been shrinking.  Don’t miss the opportunity of a lifetime.  Search instantly for any size, location, price range to get you the BEST deal around!!!

courtesy of:
the Gabe Sanders real estate team

Stuart Florida Real Estate

North River Shores February 2017 Market Update

February 2017 Market Update for Hunters Creek in Palm City FL

02.07.17 by

February 2017 Market Update for Hunters Creek in Palm City FL

Currently in February, there are no homes on the market in Hunters Creek in Palm City, FL.

There are 2 homes currently under contract (pending sale).  These homes were last listed for $359,900 and $389,900 for an average list price of $374,900 which equals $169.22 per sq. ft. of living area.  These two homes went under contract in an average of 31 days after being listed.

There have been 4 homes sold in the past 12 months in Hunters Creek.  Sales prices were from $354,900 to $397,500 for an average sale price of $373,100 which works out to $154.82 per sq. ft. of living area.  These homes sold on average of 97% of the last listed price and were under contract on an average 46 days after being listed.

Hunters Creek in Palm City FL is a gated community of 68 homes located off of Mapp Road just north of the Oak Ridge subdivision and across the road from Harbour Pointe.

Hunters Creek in Palm City FL

Homes in Hunters Creek were first completed in 1990 and the last home was built in 2001. There are no more vacant lots left to be built as this community is fully matured and built out. All homes are custom built and range in sizes from over 3,800 sq. ft. of living area to just under 1,700. From 5 bedroom pool homes on over a ½ acre of land down to 3 bedroom homes on just over a quarter of an acre.

HOA fees are a very reasonable at under $100 per month. This covers the common areas and security gate along with basic cable TV.

Hunters Creek in Palm City FLHunters Creek is very conveniently located near the Palm Cove Golf Club as well as quick access to Florida’s Turnpike and I-95. Also, just a few minutes away from the Palm City Bridge with access to downtown Stuart, Jensen Beach and the beaches of the Atlantic Ocean on Hutchinson Island.

Hunters Creek Homes for Sale in Palm City FL

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Palm City Florida Real Estate presented by:

the Gabe Sanders real estate team

February 2017 Market Update for Hunters Creek in Palm City FL

February 2017 Events for Martin County

02.06.17 by

February 2017 Events for Martin County

Stuart Sailfish

Lots to do with something for just about every taste in Martin County for February 2017.  Here are the highlights:

Lighthouse Sunset Tour

 Wednesdays in Feb

Time varies by sunset-see website

Take in the spectacular sunset views and witness the Jupiter Light turning on to illuminate the night sky.  Visitors get an inside look at the nuts & bolts of a working lighthouse watch room.  Tour time approximately 75 minutes, $15 Members, $20 Non-Members, RSVP required, Tickets online or 561-747-8380 X101.  Tours are weather permitting, call for tour time.  Children must be at least 48” tall to climb the tower.  www.jupiterlighthouse.org.  Jupiter Inlet Lighthouse and Museum, 500 Captain Armour’s Way, Jupiter, FL 33469

THOROUGHLY MODERN MILLIE

Wednesday, February 8 through Sunday February 12, 2017

Location:The Barn Theatre

Description

The Tony Award winning smash hit musical, “Thoroughly Modern Millie.” with an all star cast, opens at The Barn Theatre January 27th through February 12th.  And because of ticket demand, The Barn has already added five additional shows dates.   With an all star cast, including recording artist Vallerey Valentine, who stars as the sultry night club proprietor Muzzy Van Hossmere, innovative sets, upgraded lighting and projectionist effects, and a new sound board, you’ll enjoy this lavish story of young Millie Dillmount from Salina, Kansas, as she romps her way through the 1922 New York City flapper era with a grand plan to find a job as a secretary to a wealthy man,  then marry him.  But, of course, “Millie” is a romantic comedy and the guy she falls in love with doesn’t have a dime, or so he tells her.  Filled with frisky flappers, dashing leading men, a villainous dragon lady you will love to hate, and that sultry nightclub proprietor, this musical has it all.  And wait till you experience all the incredible songs, over the top vocalists, dancers, and, of course, tappers.  Hold onto your hats!!!

58th Annual Martin County Fair

Friday February 10 through Saturday February 18

Unlimited Ride bands

Opening Night Ride Special $20
Saturdays & Sunday $25Wednesday NO RIDE BANDS SOLD $1 per Ride
$1 Ride Tickets Sold Only

Monday $15
Thursday $20
2nd Friday $10
 
Single Ride Tickets $1
Children under 36 inches ride FREE!

Location Details
Martin County Fairgrounds

2616 S.E. Dixie Highway
Stuart FL 34997 US

More info:  http://www.martincountyfair.com/

Artsfest

Saturday and Sunday, February 11 and 12, 2017 | 10:00am – 5:00pm

Location: Memorial Park

Description
$5 general admision
kids 12 & under, free

30th Anniversary Ticket $30:
Includes general admission, special seating at ArtsFest Chopped, a limited edition poster, and one entry to the 30th Anniversary Arts Raffle (only 30 raffle tickets to be released, prizes to be announced)VIP Ticket $50 (one-day) or $75 (two-day):
Includes general admission, access to the VIP only area, special artist meet & greet opportunities, lunch and more!

Location Details
Memorial Park
300 S.E. Ocean Blvd.
Stuart FL 34994 US

ROCKIN RIVERWALK

Every Sunday in February fro 1:00 p.m. to 4:00 p.m.

Description
Melodime – Alternative Rock Free Concert

Contact: Information
Phone: 772-286-2848

Location Details
Downtown Stuart

Flagler Ave.
Stuart FL 34994 US

27th Annual Downtown Stuart Art Fest

Saturday and Sunday February 25and 26, 2017 | 10:00am – 5:00pm

Phone: 772-286-2848

Location Details
Downtown Stuart
Osceola St.
Stuart Florida

Foxwood Stuart FL February 2017 Market Update

02.06.17 by

Foxwood Stuart FL February 2017 Market Update

 As of Feb 2017, there are no homes on the market in the Foxwood equestrian community in Stuart, FL.

There are 2 homes under contract which have not completed the sales process. The list prices ranged from $$300,000 to $430,000 for an average of $365,000 or $124.45 per sq. ft. of living area.  These two homes were on the market for an average of 204 days prior to going under contract.

In the past 12 months there were 2 sales in this sought after Stuart community.  Sales prices ranged from $360,000 to $370,000 for an average of $365,000 which equals $129.82 per sq. ft. of living area.  These sales averaged a sales price of 95% of the last list price and took an average of 114 days on the market before going under contract.

Foxwood in Stuart Florida

Foxwood is located just west of I-95 on Pratt and Whitney road in Western Stuart Florida.  It consists of 109 home sites that are all 2 acres or larger.  Horses are permitted with a zoning of one horse per acre.   Foxwood was designed with Florida’s natural environment in mind.  Every Foxwood home is custom built with the residents encouraged to keep some natural habitat in place.  Recently, a rare Florida Panther was seen going through Foxwood.

Foxwood Stuart FL

Association fees are a very reasonable $450 per year.  These fees cover maintenance of the private roads, sanitation and management fees.  More information about the Foxwood Property Association can be found at this community’s property association web site: Foxwood Property Association of Stuart Florida

Foxwood Stuart FL

Construction of homes in Foxwood began in 1978.  Four phase of development ended with the last phase commencing in 1990.  Most lots have been developed with just a handful of vacant lots left of which currently none are available for sale (as of this writing).

Foxwood is located less than a mile from the ‘A’ Rated South Fork High School with easy access to Palm Beach County and only 15 minutes to downtown Stuart and the pristine beaches of Martin County.

A perfect place to call home for those who desire some room to roam yet be close to shopping, restaurants and other urban areas.

Currently Available Homes in Foxwood

Search the Martin County MLS

For more information about this and other Martin County communities contact:
Gabe Sanders

Stuart Florida Real Estate

Residential Homes, Condos and Land with special emphasis on Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Foxwood in Martin County Florida

Martin County Townhouses and Condos December 2016 Market Detail

01.31.17 by

Martin County Townhouses and Condos December 2016 Market Detail

Martin County Townhouses and Condos Market Detail for December 2016 had a sizeable drop in closed sales while future (pending sales) increased.  Closed sales for the month were down by 26.2% (was up by 8.5% in November) while new sales under contract (new pending sales) were up by 11.8% from December 2015 (decreased by 15.8% in November).

Prices were mostly flat or down for December as the median sales price decreased by 4.4% (was up by 1.8% in November) while the average sales price increased by 0.9% (was down by 18.1% in November) as compared to December of 2015.  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 increased by only 1 unit to 427 properties as compared to last month.  This is 14.2% greater than the December 2015 inventory.  Currently, there’s a 4.6 month supply of inventory (a 24.3% increase from last year which was 3.7 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.

Martin County Townhouses and Condos December 2016 Market Detail

Click here to view or download the full report:
Martin County Townhouses and Condos December 2016 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 December 2016 Market Detail

Martin County Single Family Homes December 2016 Market Detail

01.30.17 by

Martin County Single Family Homes December 2016 Market Detail

The Martin County Single Family Homes Market Detail for December 2016 showed mixed results for sales volume with an increase in closed sales but a decrease in pending sales.  Closed sales were up by 14.7% (was up by 0.6% in November). New pending sales decreased by 21.6% as compared to December of 2015 (Decreased by 4.1% in November).

And, there also was mixed signals for prices with the median sales price increasing by 11.6% from last year (down by 0.7% in November) while the average price decreased by 9.3% (was up by 17.2% last month).

The inventory of available single family homes decreased from last month by 39 homes to 998 units for December,  this is 7.4% greater than last December.  Current supply of homes is 5.0 months, for December of last year it was a 4.5 months supply. (This is a 11.1% 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.

Martin County Single Family Homes December 2016 Market Detail

Click here to view or download the full report:
Martin County Single Family Homes December 2016 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 December 2016 Market Detail

January 2017 Archipelago Real Estate of Sewalls Point Market Report

01.30.17 by

Archipelago of Sewalls Point January 2017 Market Report

For January 2017 there is only 1 active listing in the Archipelago of Sewalls Point.  The list price is $2,175,000 or $569.67 per sq. ft. of living area.

There are no homes are currently under contract.

In the past 12 months, there have been 3 homes sold in the Archipelago of Sewalls Point. These homes sold for $600,000 up to $1,425,000 for an average sales price of $1,001,333 which equals $313.23 per sq. ft. of living area.  These sales averaged 88% of the list price and were on the market for an average of 521 days prior to going under contract.

Aerial of 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.

 View of the Archipelago of Sewalls Point

View of the Archipelago of Sewalls Point

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

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Sewalls Point  Real Estate is presented by:

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January 2017 Archipelago Real Estate of Sewalls Point Market Report

Hobe Sound FL 33455 Condo Market Report December 2016

01.25.17 by

Hobe Sound FL 33455 Condo Market Report December 2016

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for December 2016

 

For December 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 11 active condo listings. (Unchanged from November)

Hobe Sound FL 33455 Condo Market Report December 2016

2 Condos are pending and awaiting close. (Down by 2 pending condos from November)

Hobe Sound FL 33455 Condo Market Report December 2016

4 Condos sold in December. (Increased by 4 closed sales from November)

 Hobe Sound FL 33455 Condo Market Report December 2016

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory remained unchanged while closed sales were up, while pending sales were off.

The absorption rate for Hobe Sound condos was 2.75 months for December  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 December 2015 numbers were: 4 active listings, 1 pending sales and 1 closed sales.  It’s very difficult to make meaningful comparisons with such low numbers of sales and inventory, though there is increased activity for this year when compared with 2015.

Hobe Sound FL 33455 Condo Market Report December 2016

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report December 2016

Jensen Beach FL 34957 Condo Market Report December 2016

01.23.17 by

Jensen Beach FL 34957 Condo Market Report December 2016

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for December 2016

 

For December 2016 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 134 active listings. (Decreased by 8 condos from November)

Jensen Beach FL 34957 Condo Market Report December 2016

26 Condo sales are pending and awaiting settlement. (Down by 2 condos from November)

Jensen Beach FL 34957 Condo Market Report December 2016

19 Condos Sold (Up by 10 condos from November)

Jensen Beach FL 34957 Condo Market Report December 2016

 The Jensen Beach FL 34957 Condo Market Report for December came back strong after a very weak November.  Sales were up and the inventory decreased.  Unfortunately, pending sales also decreased.

The one month absorption rate for the December 2016, Jensen Beach Florida Market Report ZIP Code 34957 dropped to 7.1 months (from 14.2 months in November), still a buyers market but getting back towards a balanced market once again.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The December 2015 numbers were: 37 active listings, 12 pending sales and 7 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.

Jensen Beach FL 34957 Condo Market Report December 2016

Jensen Beach Florida Real Estate presented by:
Gabe Sanders

Gabe Sanders

Jensen Beach FL 34957 Condo Market Report December 2016

Palm City FL 34990 Condo Market Report December 2016

01.21.17 by

Palm City FL 34990 Condo Market Report December 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for December 2016

 

For December 2016 in the 34990 Zip Code area of Palm City, Florida :



There are currently 86 active condo listings. (Increased by 6 condos from November)

   Palm City FL 34990 Condo Market Report December 2016

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

Palm City FL 34990 Condo Market Report December 2016

4 Condos Sold in December. (Up by 1 condos from November)

Palm City FL 34990 Condo Market Report December 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  The inventory has risen considerably in the past few months while pending and closed sales have not kept pace.

The current absorption rate for condos in the 34990 zip code area jumped up to 21.5 months (was 40 months in December). Still an extreme 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 December 2015 numbers were: 52 active listings, 9 pending sales and 4 closed sales.   Very similar closed and pending sales volume, though at a considerably greater inventory, so by percentage the activity is greatly reduced for this year.
Palm City FL 34990 Condo Market Report December 2016

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 December 2016

Lake Tuscany January 2017 Market Report

01.18.17 by

Lake Tuscany January 2017 Market Report

As of January 2017, there are 2  homes available for sale in Lake Tuscany with listing prices of $$460,000 and $479,000 for an average list price of $469,500 which is a price per square foot of living area of $122.50.

There is one home currently under contract and awaiting settlement in Lake Tuscany. List price was $399,000 or $111.45 per sq. ft. of living area.  This home was on the market for 152 days before going under contract.

In the past 12 months, 12 homes have sold in Lake Tuscany ranging in sales price from $382,500 to $480,000 for an average sales price of $422,125 which equals $150.86 per sq. ft. of living area.  These homes took an average of 38 days on market to go under contract and sold at 98% of list price.

About Lake Tuscany:

Lake Tuscany real estate Stuart FL

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 real estate Stuart FL Lake Tuscany real estate Stuart FL

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.

Lake Tuscany real estate Stuart FL Lake Tuscany real estate Stuart FL

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.

 Lake Tuscany real estate Stuart FL

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 January 2017 , please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Lake Tuscany January 2017 Market Report

 

Stuart Florida Market Report ZIP Code 34994 Residential December 2016

01.14.17 by

Stuart Florida Market Report ZIP Code 34994 Residential December 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for December 2016

For December, 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 52 active listings (Increased by 7 homes from November)

Stuart Florida Market Report ZIP Code 34994 Residential December 2016

18 Residential sales are pending and awaiting close or lender approval (Decreased by 13 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential December 2016

19 Homes Sold in November (Up by 5 homes from November)

Stuart Florida Market Report ZIP Code 34994 Residential December 2016

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues with very strong activity.  The issue is once again becoming the inventory with very few numbers of available homes for sale on the market.

The one month absorption rate for the 34994 zip code for December declined to 2.7 months from 3.2 months for November.  Continuing as a very 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 December 2015 numbers were 59 Active Listings, 19 pending sales and 12 closed sales.  Stronger activity for this December with lower inventory.

Stuart Florida Market Report ZIP Code 34994 Residential December 2016

Search here for Stuart Florida Real Estate for Sale

 

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Stuart Florida Market Report ZIP Code 34994 Residential December 2016

Portofino Condos at Jensen Beach January 2017 Market Update

01.13.17 by

Portofino Condos at Jensen Beach January 2017 Market Update

As of January 2017 there is only 1 condo available for sale in Portofino.  It is listed for sale at a price of $92,500 and or $115.34 per sq. ft. of living area.

There are 2 condos under contract at this time.  List prices were $125,000 and $147,000 for an average list price of $136,000 which is $118.94.  These two condos averaged 49 days on the market before going under contract.

In the past 12 months, 6 Portofino condos have sold, ranging in sales price from $77,500 to $131,500 for an average sales price of $110,583 which equals a price per sq. ft. of $109.58.  The average days on market was 39 and the average list to sales price ratio was 94%.

About the Portofino Condos at Jensen Beach:

Portofino Condos at Jensen Beach January 2017 Market Update

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 January 2017 Market Update 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.

Portofino Condos at Jensen Beach

Portofino Condos at Jensen Beach

 

Portofino Condos at Jensen Beach January 2017 Market Update

Portofino Condos at Jensen Beach January 2017 Market UpdateThe Condo Owners Association fees range from $190 to $315 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.

Portofino Condos at Jensen Beach January 2017 Market Update

Portofino at Jensen Beach

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.

Portofino Condos at Jensen Beach

Portofino Condos at Jensen Beach

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 January 2017 Market Update