Copperleaf January 2017 Market Report

There are currently 2 homes listed in Copperleaf in Palm City, Florida. List prices are $605,735 and $899,000, for an average list price of $752,368 which equals $177.76 per square foot of living area.

There are 6 homes under contract awaiting closing. The list prices are from $339,900 up to $536,075 which averages to a $440,813 list price and $162.91 per square foot of living area. These homes averaged 92 days on market before accepting these offers.

In the past 12 months, 15 homes have sold in Copperleaf with an average sales price of $549,633 at $176.21 per square foot of living area and at 98% list to sales price ratio. The lowest sales price was $325,000 while the highest was $1,184,993. These homes went under contract in an average of 75 days.

Copperleaf in Palm City FL was first developed by Centex Homes with the first homes constructed and sold in 2007. New construction continues to the present now under the name of Pulte Homes. As of this writing there are 123 homes in Copperleaf. Though, construction continues with room for considerably more homes.

Home sizes range from estate size homes on over ½ an acre with more than 6,000 sq. ft. of living area down to smaller 3 bedroom, 2 bath homes with 2 car (or more) garages of 1,705 sq. ft. Copperleaf is conveniently located close to both Florida’s Turnpike and I-95 yet just minutes to shopping, restaurants and the well-respected schools that Martin County has to offer. Only a few more minutes and you can be on the beach or launch your boat at one of the many boat ramps in the area.

Copperleaf offers is a gated community with a manned gate by the beautiful entrance. There’s a clubhouse with exercise facilities, two tennis courts, a community pool and a playground for the little ones. As of this writing, the Home Owner’s Association fees are $233 per month. These fees cover Basic Cable TV, Manager, Recreational Facilities, Reserve Fund, Security and Trash pickup.

There are excellent new construction opportunities as well as re-sales available in Copperleaf of Palm City FL. Call us for details.

Currently, these homes are available for sale in Copperleaf Palm City

For any questions you may have about Copperleaf in Palm City Florida, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Copperleaf January 2017 Market Report

Martin County Townhouses and Condos November 2016 Market Detail

12.31.16 by Gabe Sanders

Martin County Townhouses and Condos November 2016 Market Detail

Martin County Townhouses and Condos Market Detail for November 2016 had an increase of sales while future (pending sales0 are showing some weakness. Closed sales were up for the month by 8.5% (was down by 46.9% in October) while new sales under contract (new pending sales) were down by 15.8% from November 2015 (decreased by 23.7% in October).

Prices were mostly flat or down for November as the median sales price increased by 1.8% (was down by 1.7% in October) while the average sales price decreased by 18.1% (was down by 14.7% in October) as compared to November 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 21 units to 426 properties as compared to last month. This is 14.5% greater than the November 2015 inventory. Currently, there’s a 4.5 month supply of inventory (a 21.6% 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.

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

Martin County Single Family Homes November 2016 Market Detail

12.30.16 by Gabe Sanders

Martin County Single Family Homes November 2016 Market Detail

The Martin County Single Family Homes Market Detail for November 2016 continues to show reduced sales volume when compared to last years figures. But the market remains quite strong by historical standards. Closed sales were up by 0.6% (was down by 10.7% in October). New pending sales decreased by 4.1% as compared to November of 2015 (Decreased by 0.6% in October).

For November there were mixed signals about prices with the median sales price decreasing by 0.7% from last year (up by 0.9% in October) while the average price increased by 17.2% (was down by 12.1% last month).

The inventory of available single family homes increased from last month by 33 homes to 1037 units for November, this is 8.8% greater than last November. Current supply of homes is 5.3 months, for November of last year it was a 4.5 months supply. (This is a 17.8% increase from last year). Still a sellers market for Martin County single family home sales but inching closer to a balanced market. 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 November 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 November 2016 Market Detail

Hobe Sound FL 33455 Condo Market Report November 2016

12.26.16 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report November 2016

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

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

There are currently 11 active condo listings. (Up by 5 condos from October)

4 Condos are pending and awaiting close. (Up by 3 pending condos from October)

No Condos sold in November. (Decreased by 1 closed sales from October)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. We have finally seen a small increase in inventory as well as pending sales which should show increased activity in future months.

With no sale for November, the absorption rate cannot be determined. 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 November 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 November 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.

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Hobe Sound FL 33455 Condo Market Report November 2016

Jensen Beach FL 34957 Condo Market Report November 2016

12.23.16 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report November 2016

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

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

There are currently 142 active listings. (Increased by 14 condos from October)

28 Condo sales are pending and awaiting settlement. (Down by 2 condos from October)

10 Condos Sold (Down by 12 condos from October)

The Jensen Beach FL 34957 Condo Market Report for November slowed abruptly after a pretty good previous month. Sales were off by a significant amount while the inventory rose as well. Hopefully this market will soon see increased activity as we head into the winter season.

The one month absorption rate for the November 2016, Jensen Beach Florida Market Report ZIP Code 34957 jumped to 14.2 months (from 5.8 months in October), moving the Jensen Beach condo market into a buyers market. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The November 2015 numbers were: 36 active listings, 17 pending sales and 2 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.

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Jensen Beach FL 34957 Condo Market Report November 2016

Palm City FL 34990 Condo Market Report November 2016

12.21.16 by Gabe Sanders

Palm City FL 34990 Condo Market Report November 2016

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

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

There are currently 80 active condo listings. (Increased by 4 condos from October)

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

3 Condos Sold in November. (Down by 2 condos from October)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. Inventory has continued to rise while for this month sales were off making for a pretty strong buyers market. The bright note is an improved pending sales volume.

The current absorption rate for condos in the 34990 zip code area jumped up to 40 months (was 15.2 months in November). Currently an extreme buyers’ market for Palm City condominiums. A balanced market is considered to be an absorption rate of around 6 to 7 months.

The November 2015 numbers were: 53 active listings, 8 pending sales and 8 closed sales. Only the pending sales activity is improved when comparing last year’s activity.

Palm City FL 34990 Condo Market Report November 2016

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Palm City FL 34990 Condo Market Report November 2016

Stuart Florida Market Report ZIP Code 34994 Residential November 2016

12.14.16 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Residential November 2016

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

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

There are currently 45 active listings (Decreased by 11 homes from October)

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

14 Homes Sold in October (Down by 2 homes from October)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues with very strong activity. Unfortunately the inventory of active home listings is dropping once again to levels that may make this market difficult in the near future.

The one month absorption rate for the 34994 zip code for November declined to 3.2 months from 3.5 months for October. Continuing as 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 November 2015 numbers were 61 Active Listings, 25 pending sales and 12 closed sales. Considerably stronger activity this year when compared to 2015, but the large drop in inventory is troubling.

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Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 Residential November 2016

Plantation House Condos Indian River Plantation December 2016 Market Report

12.04.16 by Gabe Sanders

Plantation House Condos Indian River Plantation December 2016 Market Report

There is one condo for sale in the Plantation House of Hutchinson Island. This condo is listed for $515,000 or $344.71 per sq. ft. of living area.

There are no currently pending sales in the Plantation House.

One condo has sold in the Plantation House in the past 12 months. The sales price was $345,000 or $276.22 per sq. ft. of living area. This condo sold for 91% of the last listed price and went under contract 106 days after going on the market.

Located on the shores of the Atlantic Ocean, the Plantation House Condos are within the Indian River Plantation are of South Hutchinson Island which is the finest resort community in Martin County/Stuart FL.

The Plantation House was built in 1979 and has 39 2 bedroom, 2 bathroom condos that range in size from 1249 sq. ft. of living area up to 1393 sq. ft. All units have Ocean Views. There’s an Oceanside pool as well as under building parking and some free standing garages that come with the Plantation House condos.

Current condo and management fees are around $567 per month.

Indian River Plantation amenities include a golf course, full service marina, tennis courts, tiki bar and shuttle service around the complex and to the Hutchinson Island Marriott resort facilities.

Click here to view avai lable Plantation House condos for Sale

Other Indian River Plantation Condos you may wish to consider:
Bayview, Beachwalk, Dunes Club, Fairway Villas, Inlet Village, Lakeside, Ocean House, Ocean Terrace, Plantation Club Villas, Resort Villas, River Village, Riverbend, Riverwood, Tennis Villas

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Plantation House Condos Indian River Plantation December 2016 Market Report

Sunset Trace Palm City December 2016 Market Update

12.03.16 by Gabe Sanders

Sunset Trace Palm City December 2016 Market Report

As of December 2016, there is only 1 active townhome for sale in Sunset Trace. Listed for $140,000 or $113.27 per square foot of living area.

There are 2 homes under contract and awaiting settlement. The listing prices were $135,000 to $142,000 for an average list price of $138,500 which equals $112.06 per sq. ft. of living area. These homes were on the market for an average of 4 days prior to going under contract.

In the past 12 months, 14 homes have sold in Sunset Trace. Sales prices ranged from $96,439 to $140,000 for an average sales price of $120,231 which equals $97.16 per sq. ft. of living area. These homes sold for an average of 96% of their final list price and went under contract in an average of 25 days of being on the market.

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 care free.

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Sunset Trace Villas and Townhomes for Sale

Sunset Trace Palm City December 2016 Market Report

Plantation Club Villas Indian River Plantation December 2016 Market Report

12.02.16 by Gabe Sanders

Plantation Club Villas Indian River Plantation December 2016 Market Report

There are 2 active listings in the Plantation Club Villas of Hutchinson Island. List prices are $272,000 and $314,900 for an average list price of $293,450 which is $222.61 per sq. ft. of living area.

There are no currently pending sales in the Plantation Club Villas.

3 condos have sold in the Plantation Club Villas in the past 12 months. The sales prices were from $269,000 and $308,000 which averages to $284,000 and $212.22 per sq. ft. of living area. These condos sold for 92% of the last listed price and were on the market for an average of 94 days before receiving an accepted offer.

About the Plantation Club Villas

The Plantation Club Villas condos of Hutchinson Island in the Indian River Plantation complex of Stuart FL lie next to the pro shop for the golf course. These units were built in 1987 and most have views of lakes, golf course or private preserves.

There are 48 two bedroom two bath condos ranging in size from 1,188 sq. ft. of living area up to 1,430 sq. ft. The Plantation Club Villas is a four story elevator building and has the convenience of under building parking for residents.

Current condo and management fees are around $367 per month.

Indian River Plantation amenities include a golf course, full service marina, tennis courts, tiki bar and shuttle service around the complex and to the Hutchinson Island Marriott resort facilities.

Click here to view available Plantation Club Villas for Sale

Other Indian River Plantation Condos you may wish to consider:
Bayview, Beachwalk, Dunes Club, Fairway Villas, Inlet Village, Lakeside, Ocean House, Ocean Terrace, Plantation House, Resort Villas,River Village, Riverbend, Riverwood, Tennis Villas

Stuart Florida Real Estate
Residential Homes, Condos and Land
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Plantation Club Villas Indian River Plantation December 2016 Market Report

Martin County Townhouses and Condos October 2016 Market Detail

11.30.16 by Gabe Sanders

Martin County Townhouses and Condos October 2016 Market Detail

Martin County Townhouses and Condos Market Detail for October 2016 showed a dramatic drop in sales. Closed sales were down for the month by 46.9% (was down by 3.2% in September) while new sales under contract (new pending sales) were down by 23.7% from October 2015 (decreased by 16.8% in September).

Prices were also down for October as the median sales price decreased by 1.7% (was up by 6.5% in September) while the average sales price decreased by 14.7% (was down by 4.0% in September) as compared to October 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 41 units to 405 properties as compared to last month. This is 17.7% greater than the October 2015 inventory. Currently, there’s a 4.3 month supply of inventory (a 30.3% increase from last year). 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 October 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 October 2016 Market Detail

Martin County Single Family Homes October 2016 Market Detail

11.29.16 by Gabe Sanders

Martin County Single Family Homes October 2016 Market Detail

The Martin County Single Family Homes Market Detail for October 2016 continues to show reduced sales volume when compared to last years figures, yet don’t mistake this as a weak market, as it remains quite robust. Closed sales were down by 10.7% (was down by 9.2% in September). New pending sales decreased by 0.6% as compared to October of 2015 (Decreased by 1.6% in September).

For October there were mixed signals about prices with the median sales price rising by 0.9% from last year (up by 12.4% in September) while the average price decreased by 12.1% (was down by 8.1% last month). Typically this is a result of higher prices in the lower valued range of home sales and fewer sales in the luxury market.

The inventory of available single family homes increased from last month by 19 homes to 1004 units for October, this is 3.9% greater than last October. Current supply of homes is 5.1 months, for October of last year it was a 4.6 months supply. (This is a 10.9% 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 October 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 October 2016 Market Detail

Hobe Sound FL 33455 Condo Market Report October 2016

11.25.16 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report October 2016

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

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

There are currently 6 active condo listings. (Up by 1 condos from September)

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

1 Condos sold in October. (Decreased by 2 closed sales from September)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Inventory levels are at all time lows and it is quite remarkable that there is as much activity as there is in this small segment of the Martin County real estate market.

For October, 2016 the absorption rate is 6 month (it was 1.7 months in September). 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 October 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 October 2015 numbers were: 4 active listings, 0 pending sales and 3 closed sales. It’s very difficult to make meaningful comparisons with such low numbers of sales and inventory.

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Hobe Sound FL 33455 Condo Market Report October 2016

Jensen Beach FL 34957 Condo Market Report October 2016

11.23.16 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report October 2016

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

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

There are currently 128 active listings. (Increased by 13 condos from September)

30 Condo sales are pending and awaiting settlement. (Down by 7 condos from September)

22 Condos Sold (Up by 5 condos from September)

For the Jensen Beach FL 34957 Condo Market Report October 2016 had a surprisingly good month in what is typically a slow month for closed activity. Closed sales were up as well as a nice little jump in inventory. Pending sales were off, but still pretty good.

The one month absorption rate for the October 2016, Jensen Beach Florida Market Report ZIP Code 34957 decreased to 5.8 months (from 6.7 months in September), moving the Jensen Beach condo market back towards a sellers market. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The October 2015 numbers were: 24 active listings, 17 pending sales and 4 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.

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Jensen Beach FL 34957 Condo Market Report October 2016

Palm City FL 34990 Condo Market Report October 2016

11.21.16 by Gabe Sanders

Palm City FL 34990 Condo Market Report October 2016

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

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

There are currently 76 active condo listings. (Increased by 5 condos from September)

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

5 Condos Sold in October. (Up by 1 condos from September)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. Inventory has been rising for a few months now and closed sales are not increasing enough to offset this increase even though it has increased.

The current absorption rate for condos in the 34990 zip code area dropped to 15.2 months (was 17.8 months in October). Remaining 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 October 2015 numbers were: 54 active listings, 10 pending sales and 3 closed sales. A little more closed activity this year, but this is with a significantly greater inventory of active condos listed for sale.

Palm City FL 34990 Condo Market Report October 2016

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Palm City Florida Real Estate presented by:
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Palm City FL 34990 Condo Market Report October 2016

Stuart Florida Market Report ZIP Code 34994 Residential October 2016

11.14.16 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Residential October 2016

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

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

There are currently 56 active listings (Decreased by 8 homes from September)

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

16 Homes Sold in September (Up by 5 homes from September)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had very strong activity for what is typically a slow month for the area. Unfortunately the inventory of active listings is getting a bit to small once again.

The one month absorption rate for the 34994 zip code for October plunged to 3.5 months from 5.8 months for September. Back 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 October 2015 numbers were 55 Active Listings, 30 pending sales and 8 closed sales. A much improved market for this year when compared with last year..

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