Stuart West Palm City November 2016 Market Report

There are currently 8 homes for sale in Stuart West. List prices range from $$499,900 to 1,050,000 for an average asking price of $634,264 which is $210.13 per sq. ft. of living area.

There are 1 home currently under contract. This home was listed for $649,000 or $143.77 per sq. ft. of living area. This home was on the market for 265 days prior to going under contract.

In the past 12 months, 20 homes have sold in Stuart West. Sale prices ranged from $177,200 up to $698,000 with the average sale price being $494,159 which equals a per sq. ft. of living area price of $153.74. These homes sold for an average of 97% of list price and averaged 142 days on the market.

Stuart West is an upscale gated equestrian community located adjacent to the Stuart West and the Fox Club in western Palm City. Just off the I-95 exit, Stuart West is an easy commute for those who work either south or north of Martin County, yet want to enjoy the superior amenities that Palm City has to offer.

Stuart West resides on over 1,000 acres of pristine land with 249 home sites ranging from 2 to over 10 acres. There is over 11 miles of waterways located throughout the community which makes for an idyllic setting for this family friendly equestrian community.

Community amenities include a playground, community boat ramp to the C-23 canal, a 10 acre equestrian center, 24 hour manned security gate (shared with Cobblestone) and security patrols, and an underground cable and routing system for the best high end internet connectivity. All of this in Martin County’s ‘A’ rated school system. And school bus service is provided inside the community.

Currently, Stuart West’s children attend Citrus Grove Elementary, Hidden Oaks Middle and South Fork High Schools.

Home construction started in Stuart West in 1984 and continues to this day with approximately 52 vacant lots yet to be built upon. Though many of these lots are being kept as pastures by the adjacent homeowners. Home sizes range from 3 Bedroom, 2 Bath homes of around 2,000 sq. ft. of living area all the way to 7 Bedroom, 5 Bathroom estates with over 5,500 sq. ft. under air. The HOA fee is a very reasonable $121 per month which covers security and all the amenities this wonderful community has to offer.

More information about Stuart West can be found on their property owners’ web site here.

Stuart West Homes for Sale

Vacant Land for Sale in Stuart West

Stuart West Palm City November 2016 Market Report

September 2016 Monthly Market Detail Martin County Townhouses and Condos

10.29.16 by Gabe Sanders

September 2016 Monthly Market Detail Martin County Townhouses and Condos

September 2016 Monthly Market Detail Martin County Townhouses and Condos had reduced sales volume and prices for September as compared to last year, yet still remains a very active market. Closed sales were down for the month, decreased by 3.2% (was up by 4.8% in August) while new sales under contract (new pending sales) were down by 16.8% from September 2014 (decreased by 8.7% in August).

Prices were mixed for September as the median sales price increased by 6.5% (was down by 9.3% in August) while the average sales price decreased by 4.0% (was down by 8.2% in August) as compared to September of 2015. Typically this split indicates a greater number of sales in the lower priced ranges and slower movement in the higher priced segments.

The inventory of available townhouses and condos decreased by 13 units to 364 properties as compared to last month. This is 11.3% greater than the September 2015 inventory. Currently, there’s a 3.7 month supply of inventory (an 11.3% increase from last year). Still a strong 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:
September 2016 Monthly Market Detail Martin County Townhouses and Condos

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.

September 2016 Monthly Market Detail Martin County Townhouses and Condos

September 2016 Monthly Market Detail Martin County Single Family Homes

10.28.16 by Gabe Sanders

September 2016 Monthly Market Detail Martin County Single Family Homes

The September 2016 Monthly Market Detail Martin County Single Family Homes continues to show reduced sales volume when compared to last years figures, yet remains a strong market. Closed sales were down by 9.2% (was down by 9.1% in August). New pending sales decreased by 1.6% as compared to September of 2015 (Decreased by 7.8% in August).

For September there were mixed signals about prices with the median sales price rising by 12.4% from last year (up by 0.5% in August) while the average price decreased by 8.1% (was up by 2.2% 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 decreased from last month by 14 homes to 985 units for September, this is 8.7% greater than last September. Current supply of homes is 5.0 months, for September of last year it was a 4.3 months supply. (This is a 16.3% increase from last year). Still a sellers market for Martin County single family home sales. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

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

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.

September 2016 Monthly Market Detail Martin County Single Family Homes

Hobe Sound FL 33455 Condo Market Report September 2016

10.25.16 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report September 2016

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

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

There are currently 5 active condo listings. (Up by 1 condos from August)

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

3 Condos sold in September. (The same number of closed sales from August)

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 September, 2016 the absorption rate is 1.7 month (it was 1.3 months in August). 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 September 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 September 2015 numbers were: 2 active listings, 4 pending sales and 2 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 September 2016

Jensen Beach FL 34957 Condo Market Report September 2016

10.23.16 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report September 2016

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

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

There are currently 115 active listings. (Increased by 3 condos from August)

37 Condo sales are pending and awaiting settlement. (Down by 1 condos from August)

17 Condos Sold (Down by 8 condos from August)

For the Jensen Beach FL 34957 Condo Market Report September 2016 had another increase in available condos for sale (inventory) along with a decrease in sales activity. A typical result for this condo market as we are considered to be in the off season for condos.

The one month absorption rate for the September 2016, Jensen Beach Florida Market Report ZIP Code 34957 rose to 6.7 months (from 4.3 months in August), moving the Jensen Beach condo market into a balanced market. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The September 2015 numbers were: 22 active listings, 12 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.

Jensen Beach Condominium Properties by Price

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Jensen Beach FL 34957 Condo Market Report September 2016

Palm City FL 34990 Condo Market Report September 2016

10.21.16 by Gabe Sanders

Palm City FL 34990 Condo Market Report September 2016

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

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

There are currently 71 active condo listings. (Increased by 10 condos from August)

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

4 Condos Sold in September. (Up by 3 condos from August)

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. We should have an increase in sales later this year or in the beginning of next year as we enter the condo season.

The current absorption rate for condos in the 34990 zip code area dropped to 17.8 months (was 61 months in September). 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 September 2015 numbers were: 52 active listings, 8 pending sales and 3 closed sales. There’s significantly more inventory this year and only slightly higher closed and pending activity.

Palm City FL 34990 Condo Market Report September 2016

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Palm City FL 34990 Condo Market Report September 2016

Stuart Florida Market Report ZIP Code 34994 Residential September 2016

10.14.16 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Residential September 2016

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

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

There are currently 64 active listings (Unchanged from August)

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

11 Homes Sold in August (Down by 2 homes from August)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a nice increase with homes under contract (pending sales) which should translate ti an increasing number of closed sales for the coming months. The inventory stayed unchanged from last month while closed sales were off by 2 homes.

The one month absorption rate for the 34994 zip code for September increased to 5.8 months from 4.9 months for August. Just about up to a balanced market for the 34994 zip code area of Stuart, FL. A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The September 2015 numbers were 57 Active Listings, 28 pending sales and 12 closed sales. Much the same as happened last year with a decrease in activity from August to September but this year still had better activity than last.

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Stuart, FL Real Estate

Rental Properties

- Rental Properties for Rent in Stuart, Florida Between $0 – $500,000

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Stuart Florida Market Report ZIP Code 34994 Residential September 2016

August 2016 Monthly Market Detail Martin County Townhouses and Condos

09.29.16 by Gabe Sanders

August 2016 Monthly Market Detail Martin County Townhouses and Condos

August 2016 Monthly Market Detail Martin County Townhouses and Condos had reduced sales volume and prices for August yet still remains a very active market. Closed sales were up for this month, decreased by 4.8% (was up by 4.7% in July) while new sales under contract (new pending sales) were down by 8.7% from August 2014 (decreased by 15.2% in July).

Prices were also off for August as the median sales price decreased by 9.3% (was up by 8.8% in July) while the average sales price decreased by 8.2% (was up by 4.1% in July) as compared to August of 2015. I think this is just a temporary situation as I feel prices will continue to rise for the near future.

The inventory of available townhouses and condos increased by 7 units to 377 properties as compared to last month. This is 16.7% greater than the August 2015 inventory. Currently, there’s a 3.9 month supply of inventory (an 25.8% increase from last year). Still a strong 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:
August 2016 Monthly Market Detail Martin County Townhouses and Condos

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.

August 2016 Monthly Market Detail Martin County Townhouses and Condos

What’s Not to Love About Martin County Florida?

09.29.16 by Gabe Sanders

What’s Not to Love About Martin County Florida?

I’ve been in Martin County Florida for over 30 years now which makes it the place that where I’ve lived the longest time by more than triple the time of any place in my life. It’s the perfect place to be for those with families as we boast a wonderful school system with ‘A’ rated schools that have education and extracurricular programs and top rate graduation rates.

It’s also a wonderful place for growing up for children with safe communities, low crime rates and lots of fun activities available all year long.

And for those into active lifestyles, we have over 200 miles of waterfront for those wanting to enjoy our rivers or the crystal clear and warm waters of the Atlantic Ocean. World class fishing is just steps outside your door or a quick ride out to the Inlet. There’s also waterskiing and sailing. Those that are a bit more adventurous can enjoy year long windsurfing and kiteboarding available for all levels and we have the spots available for these sports for all wind directions.

Into golf? There are over 35 professional golf courses within a 20 mile radius of the Stuart FL area. Courses are available for all lifestyles from public courses to exclusive private clubs.

And, if you’re retired, you will find these same activities along with world class medical facilities available in all our communities.

All this in a County that strictly regulates urban sprawl by limiting unwanted new development and controlling the density of any new projects. There are no buildings over four stories allowed in the County and most developments are limited to only two stories. Traffic is hardly ever an issue and when you get to the store, restaurant or vendor of your choice it is rare to not have a parking spot available within steps of the front door.

Plus, it is still an affordable area. Retiring seniors will find some condos in excellent communities starting from as low as $50,000 while the likes of Tiger Woods and Greg Norman live in the Jupiter Island community of Martin County where you will need considerably more to have your dream estate.

So, come on down and fall in love with Martin County, but don’t tell everyone, we want to stay small and enjoy the quality lifestyle we’ve become accustomed to.

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August 2016 Monthly Market Detail Martin County Single Family Homes

09.28.16 by Gabe Sanders

August 2016 Monthly Market Detail Martin County Single Family Homes

The August 2016 Monthly Market Detail Martin County Single Family Homes continues to show reduced sales volume when compared to last years figures, yet remains a strong market. Closed sales were down by 9.1% (was down by 9.5% in July). New pending sales decreased by 7.8% as compared to August of 2015 (Decreased by 22.3% in July).

Both median and average sales prices moderated for August. The median sales price was down by 0.5% from last year (up by 6.1% in July) while the average price increased by 2.2% (was up by 13.8% last month). As I’ve mentioned in my earlier market reports, this reduction in price increases was expected as the inventory increased. (Basic laws of supply and demand.)

The inventory of available single family homes increased from last month by 12 homes to 999 units for August, this is 13.7% greater than last August. Current supply of homes is 5.0 months, for August of last year it was a 4.2 months supply. (This is a 19.0% 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:
August 2016 Monthly Market Detail Martin County Single Family Homes

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.

August 2016 Monthly Market Detail Martin County Single Family Homes

Hobe Sound FL 33455 Condo Market Report August 2016

09.25.16 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report August 2016

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

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

There are currently 4 active condo listings. (Up by 1 condos from July)

5 Condos are pending and awaiting close. (Down by 1 pending condos from July)

3 Condos sold in August. (The same number of closed sales from July)

For August, 2016 the absorption rate is 1.3 month (it was 1 months in July). 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 August 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 August 2015 numbers were: 2 active listings, 4 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 August 2016

Jensen Beach FL 34957 Condo Market Report August 2016

09.23.16 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report August 2016

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

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

There are currently 112 active listings. (Increased by 4 condos from July)

38 Condo sales are pending and awaiting settlement. (Down by 8 condos from July)

25 Condos Sold (Down by 2 condos from July)

For the Jensen Beach FL 34957 Condo Market Report August 2016 remained on a steady track with activity off by only a slight amount..

The one month absorption rate for the August 2016, Jensen Beach Florida Market Report ZIP Code 34957 inched up slightly to 4.3 months (from 4.1 months in July), keeping Jensen Beach condos in a sellers’ market. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The August 2015 numbers were: 22 active listings, 13 pending sales and 5 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.

Jensen Beach Condominium Properties by Price

Jensen Beach Florida Real Estate presented by:
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Jensen Beach FL 34957 Condo Market Report August 2016

Palm City FL 34990 Condo Market Report August 2016

09.21.16 by Gabe Sanders

Palm City FL 34990 Condo Market Report August 2016

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

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

There are currently 61 active condo listings. (Increased by 1 condos from July)

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

1 Condos Sold in August. (Down by 3 condos from July)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. Tere was only one closed sale for last month while pending sales remained almost unchanged and inventory rose slightly.

The current absorption rate for condos in the 34990 zip code area continued to rise, now at 61 months (was 20 months in August). 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 August 2015 numbers were: 52 active listings, 8 pending sales and 5 closed sales. Slightly higher inventory and not as active for closed sales this year as compared to last August.

Palm City FL 34990 Condo Market Report August 2016

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Palm City FL 34990 Condo Market Report August 2016

Stuart Florida Market Report ZIP Code 34994 Residential August 2016

09.14.16 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Residential August 2016

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

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

There are currently 64 active listings (Down by 6 homes from July)

25 Residential sales are pending and awaiting close or lender approval (Decreased by 8 homes from last month).

13 Homes Sold in July (Down by 5 homes from July)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida eased off slightly for July while still remaining a strong market. Though the inventory is up slightly from last year, it is still low by historic standards.

The one month absorption rate for the 34994 zip code for August increased to 4.9 months from 3.9 months for July. Still in a sellers’ market for the 34994 zip code area of Stuart, FL. A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The August 2014 numbers were 52 Active Listings, 21 pending sales and 9 closed sales. Much the same as happened last year with a decrease in activity from July to August but this year still had better activity than last.

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