Palm City FL 34990 Condo Market Report April 2016

05.19.16 by

Palm City FL 34990 Condo Market Report April 2016

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

 

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



There are currently 65 active condo listings. (No change in active condos from March)

   Palm City FL 34990 Condo Market Report April 2016

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

Palm City FL 34990 Condo Market Report April 2016

8 Condos Sold in April. (Up by 4 condos from March)

Palm City FL 34990 Condo Market Report April 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For April of 2015 sales increased nicely while pending sales were off while the inventory remained unchanged, though higher thanlast year.

The current absorption rate for condos in the 34990 zip code area dipped to 8.1 months (was 16.25 months in April).   Still a buyers market for Palm City condos, though these numbers should be taken with a grain of salt because of the low number of available properties.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The April 2015 numbers were: 55 active listings, 11 pending sales and 7 closed sales.   Very similar activity to last year, though interestingly the inventory of available condos has now exceeded last years amount.
Palm City FL 34990 Condo Market Report April 2016

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Palm City FL 34990 Condo Market Report April 2016

Stuart Florida Market Report ZIP Code 34994 Residential April 2016

05.12.16 by

Stuart Florida Market Report ZIP Code 34994 Residential April 2016

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

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

There are currently 65 active listings (Up by 2 homes from March)

Stuart Florida Market Report ZIP Code 34994 Residential April 2016

49 Residential sales are pending and awaiting close or lender approval (Increased by 15 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential April 2016

10 Homes Sold in March (Down by 5 homes from March)

Stuart Florida Market Report ZIP Code 34994 Residential April 2016

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a slow month of April for closed sales while at the same time showing some pretty good increase in pending sales.  This should signal an increase in closed sales for the coming months.

The one month absorption rate for the 34994 zip code for April jumped to 6.5 months from 4.1 months for March.  Back to a balance market for the 34994 zip code area of Stuart, FL (even though I suspect this is only temporary).  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The April 2014 numbers were 68 Active Listings, 33 pending sales and 21 closed sales.   Better closed sales numbers for last year but higher pending sales for this year.

Stuart Florida Market Report ZIP Code 34994 Residential April 2016

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Stuart Florida Market Report ZIP Code 34994 Residential April 2016

May 2016 Market Report for Legacy Cove in Stuart Florida

05.11.16 by

May 2016 Market Report for Legacy Cove in Stuart Florida

There are currently 5 homes for sale in Legacy Cove in Stuart, FL.  Listing prices range from $319,900 to $475,000 for an average listing price of $404,580 or a price per square foot of living area of $161.49.

There are three homes currently under contract awaiting settlement.  The list prices range from $329,000 to $399,000 or $159.21 per sq. ft. of living area.  These homes averaged 24 days on the market prior to going under contract.

In the past 12 months, 7 homes have sold in Legacy Cove with sales prices ranging from $260,000 to $482,000 for an average sales price of $337,357 or $148.27 per sq. ft. of living area.  These sales averaged 95% of list price and went under contract in an average of 55 days after going on the market.

Legacy Cove in Stuart FL

Legacy Cove in Stuart Florida is a gated lakeside community of 229 homes off of Cove Road in Stuart, Florida.  Legacy Cove consists of two sections. The first section of 142 homes called the Cove Isle development was mostly completed between 2004 and 2005.  The newer section, called the Cove Lakes development consists of 87 home sites with construction that began in 2007.  Some homes are yet to be completed in Cove lakes.

Legacy Cove in Stuart FL

There’s a wide variety of homes in Legacy Cove, ranging for the smallest, a 3 bedroom, 2 bathroom, 2 car garage with a little under 1,600 square feet of living area to  4, possible 5 bedroom, 3 and a 1/2 bathroom, 3 car garage two story homes with almost 4,000 square feet of living area.  And many sizes in between.

Legacy Cove in Stuart FL

Legacy Cove boasts a community pool and club house with a fitness center as well as two hard surfaced tennis courts.  Many homes in Legacy Cove in Stuart Florida have serene lake views and a comfortable private feeling.  Located just minutes from I-95, this is a great location for those wishing to take advantage of Martin County’s amenities while still having an easy commute to work either north or south.

Legacy Cove in Stuart FL

Legacy Cove is in an ‘A’ Martin County school system with children currently attending Pinewood elementary school, Dr. David L Anderson middle school and Martin County high school.

Legacy Cove in Stuart FL

The HOA fees are very reasonable at $688.00 per quarter.  Management of the community is through Bristol Management of Stuart.

Legacy Cove in Stuart FL

Residents of Legacy Cove in Stuart Florida enjoy a relaxing life style with easy access to restaurants, shopping and the many waterways, beaches and public parks that Martin County has to offer.

Search here for Legacy Cove Homes for Sale

For any questions you may have about Locks landing, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Stuart Florida Real Estate

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

May 2016 Market Report for Legacy Cove in Stuart Florida

 

May 2016 Market Report for Ocean House in Indian River Plantation

05.10.16 by

May 2016 Market Report for Ocean House in Indian River Plantation

May 2016 Market Report for Ocean House Condos in Indian River Plantation, Hutchinson Island in Stuart, FL

Currently, there are 2 active listing on the market in Ocean House, both of which are listed for $629,000 which equates to $469.40 per square ft. of living area.

There are 3 condos under contract awaiting settlement.  List prices range from $459,000 up to $745,000 for an average list price of $562,667 and this equals $407.06 per sq. ft. of living area.  These 3 condos averaged 296 days on market before going under contract.

In the past 12 months, there have 2 sales in Ocean House.  The sales prices were $350,000 and $625,000 for an average sales price of  $487,500 or $363.81 per square foot of living area.  These two condos sold for an average of 93% of the last list price and went under contract in an average of 93 days after being listed.

Ocean House in Indian River Plantation

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

Ocean House in Indian River Plantation

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

Ocean House in Indian River Plantation

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

Ocean House in Indian River Plantation

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

The Marriott Resort at Indian River Plantation Features:

Ocean House in Indian River Plantation

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

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

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

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

Ocean House in Indian River Plantation

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

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

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

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

May 2016 Market Report for Ocean House in Indian River Plantation

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March 2016 Monthly Market Detail Martin County Townhouses and Condos

04.28.16 by

March 2016 Monthly Market Detail Martin County Townhouses and Condos

March 2016 Monthly Market Detail Martin County Townhouses and Condos  showed reduced sales volume primarily because of lower inventory and a continued rise in values.  Closed sales were down by 11.2% (was down by 2.0% in February) and new sales under contract (new pending sales) were down by 5.9% from March 2014 (decreased by 7.5% in February).  Though this is still a very active real estate market.

The median sales price was up by 26.6% (was up by 2.1% in February) while the average sales price increased by 40.3% (was up by 13.3% in February) as compared to March of 2015.  Very strong price gains that are impacting some folks ability to afford condos and townhouses in Martin Count.

The inventory of available townhouses and condos dropped by 13 units to 398 properties as compared to last month.  The second monthlyt drop after three straight months of increased inventory. This is 7.0% below the March 2015 inventory.  Currently, there’s a 4 month supply of inventory (a 2.4% decrease from last year).  Still in a strong sellers market for townhouses and condos for Martin County.

March 2016 Monthly Market Detail Martin County Townhouses and Condos

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March 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.

March 2016 Monthly Market Detail Martin County Townhouses and Condos

March 2016 Monthly Market Detail Martin County Single Family Homes

04.27.16 by

March 2016 Monthly Market Detail Martin County Single Family Homes

The March 2016 Monthly Market Detail Martin County Single Family Homes continues as a sellers market though sales volume is not growing as robustly as last year but improved from February.  Year to year closed sales were up by 3.4% (was down 11.8% in February). New pending sales decreased by 0.8% as compared to March of 2015 (Decreased by 3.3% in February).

And prices continue to rise as the median sales price was up by 17.1% from last year (up by 8.9% in February) while the average price increased by 15.3% (was down by 5.1% last month).  As long as the inventory remains tight, prices will continue to rise.

The inventory of available single family homes increased slightly from last month by 19 homes to 1100 units for this month,  this is 1.0% less than last March.  Current supply of homes is 5.3 months, for March of last year it was a 5.6 months supply. (This is a 5.4% decrease from last year).  Still a sellers market for Martin County single family home sales.

March 2016 Monthly Market Detail Martin County Single Family Homes

Click here to view or download the full report:
March 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.

March 2016 Monthly Market Detail Martin County Single Family Homes

Hobe Sound FL 33455 Condo Market Report March 2016

04.23.16 by

Hobe Sound FL 33455 Condo Market Report March 2016

 

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

 

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

 

There are currently 5 active condo listings. (Decreased by 4 condos from February)

Hobe Sound FL 33455 Condo Market Report March 2016

7 Condos are pending and awaiting close. (Up by 2 condos from February)

Hobe Sound FL 33455 Condo Market Report March 2016

3 Condos sold. (Up by 3 from last month)

 Hobe Sound FL 33455 Condo Market Report March 2016

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  March brought the first sale for condos in Hobe Sound for 2016.  Though, with such low inventory, it is hard to make any meaningful comparisons as long as this market remains like this.

There were no sales in Hobe Sound condos for both January and February, but for March the absorption rate is 1.7 months, for December of 2015 it was 4 months.  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 may not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The March 2015 numbers were: 8 active listings, 9 pending sales and 4 closed sales.  Better activity last year with the slightly higher inventory.

Hobe Sound FL 33455 Condo Market Report March 2016

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Hobe Sound FL 33455 Condo Market Report March 2016

 

Jensen Beach FL 34957 Condo Market Report March 2016

04.21.16 by

Jensen Beach FL 34957 Condo Market Report March 2016

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

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



There are currently 25 active listings. (Decreased by 1 condos from February)

Jensen Beach FL 34957 Condo Market Report March 2016

13 Condo sales are pending and awaiting settlement. (Decreased by 5 condos from February)

Jensen Beach FL 34957 Condo Market Report March 2016

9 Condos Sold (Decreased by 2 condos from February)

Jensen Beach FL 34957 Condo Market Report March 2016

 The Jensen Beach FL 34957 Condo Market Report March 2016 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  The Jensen Beach condo inventory is the real issue with not enough to choose from for those buyers looking in the area.  Good listings at fair prices continue to fly off the market.

The one month absorption rate for the March 2016, Jensen Beach Florida Market Report ZIP Code 34957 plunged to 2.8  months (from 2.4 months in February), continuing as a pretty extreme sellers market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The March 2015 numbers were: 30 active listings, 21 pending sales and 5 condos closed.  Closed sales are better this year than last while pending sales were stronger last year.

Jensen Beach FL 34957 Condo Market Report March 2016

Jensen Beach Condominium Properties by Price

 

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

Palm City FL 34990 Condo Market Report March 2016

04.19.16 by

Palm City FL 34990 Condo Market Report March 2016

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

 

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



There are currently 65 active condo listings. (No change in active condos from February)

   Palm City FL 34990 Condo Market Report March 2016

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

Palm City FL 34990 Condo Market Report March 2016

4 Condos Sold in March. (Down by 2 condos from February)

Palm City FL 34990 Condo Market Report March 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For March of 2015 sales were off while there was a small increase in pending sales.  Inventory is actually higher than in the recent past.

The current absorption rate for condos in the 34990 zip code area rose to 16.25 months (was 10.8 months in March).   An extreme buyers market for Palm City condos, though these numbers should be taken with a grain of salt because of the low number of available properties.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The March 2015 numbers were: 48 active listings, 15 pending sales and 6 closed sales.   Slightly better activity last year when compared to March of 2016, along with the unusual fact of greater inventory this year when compared to 2015.
Palm City FL 34990 Condo Market Report March 2016

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Palm City FL 34990 Condo Market Report March 2016

Stuart Florida Market Report ZIP Code 34994 Residential March 2016

04.12.16 by

Stuart Florida Market Report ZIP Code 34994 Residential March 2016

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

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

There are currently 62 active listings (Down by 7 homes from February)

Stuart Florida Market Report ZIP Code 34994 Residential March 2016

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

 Stuart Florida Market Report ZIP Code 34994 Residential March 2016

15 Homes Sold in February (Up by 2 homes from February)

Stuart Florida Market Report ZIP Code 34994 Residential March 2016

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida showed strong increases in both sales and pending activity while unfortunately getting very low, once again, with the available inventory.

The one month absorption rate for the 34994 zip code for March dropped to 4.1 months from 5.3 months for February.  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 March 2014 numbers were 76 Active Listings, 45 pending sales and 16 closed sales.   Slightly better closed and pending volume from 2015, but it was also with a larger available inventory.

Stuart Florida Market Report ZIP Code 34994 Residential March 2016

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Stuart Florida Market Report ZIP Code 34994 Residential March 2016

Fairwinds Cove Condos in Jensen Beach April 2016 Market Update

04.10.16 by

Fairwinds Cove Condos in Jensen Beach April 2016 Market Update

Fairwinds Cove Condos in Jensen Beach, FL., Market Update for April 2016:


There are currently 2 active listings on the market in Fairwinds Cove. The list prices are $178,000 and $195,000 for an average of $186,500 which comes out to $161.97 per square ft. of living area.

There are 2 condos currently under contract at this time.  The list prices are $175,000 and $225,000 for an average list price of $200,000 or $181.49 per sq. ft. of living area.  These two condos averaged 37 days on market prior to going under contract.

In the past 12 months, 8 condos have sold ranging in sales prices from $135,000 to $250,000 with an average sales price of $186,425 which is $153.94 per square foot and a list to sales price ratio of 93%.   These condos averaged 177 days on market before going under contract.

Fairwinds Cove Condos in Jensen Beach

Aerial View of Fairwinds Cove

Fairwinds Cove Condos in Jensen Beach

Entrance to Fairwinds Cove

Located in beautiful Jensen Beach, Florida on the East side of the Jensen Beach Causeway is Fairwinds Cove.  A waterfront condo complex of 10 four story buildings with only 4 suites per floor.  Many of these condos with wonderful sweeping views of the Indian River (the Intracoastal Waterway that runs through Martin County).
Fairwinds Cove Condos in Jensen Beach

Pool at Fairwinds Cove

Fairwinds Cove Condos in Jensen Beach

Docks of Fairwinds Cove

This condo complex built in multiple phases from 1974 to 1983 boasts two swimming pools, tennis courts, shuffleboard, waterside walking paths, a recently refurbished clubhouse with full kitchen, meeting room, fitness room, billiards and more.  Fairwinds Cove also has deeded docks with great access to fishing, water sports and only a few minutes to the crystal clear waters of the Atlantic Ocean.

Fairwinds Cove Condos in Jensen Beach

Fairwinds Cove

Fairwinds Cove is a non-age restricted community that allows one small pet.  There is a strong sense of community with many long time seasonal and full time residents.  Located within an easy walk to the beach and just a short drive to charming downtown Jensen Beach  as well as the many amenities offered in Martin County, Florida.

Fairwinds Cove Condos in Jensen Beach

Fitness Room of Fairwinds Cove

Sewalls Landing April 2016 Market Report

04.03.16 by

Sewalls Landing April 2016 Market Report

As of April 2016, there are two homes available for sale in Sewalls Landing, List prices are $449,000 and $900,000 for an average list price of $674,500 or $223.00 per sq. ft. of living area.

There are no homes currently under contract in Sewalls Landing.

In the past 12 months, 5 Sewalls Landing homes have sold.  Sales prices ranged from $405,750 to $1,100,000 for an average sales price of $648,750 which equals $223.42 per sq. ft. of living area. These sales averaged for 94% of list price and the homes averaged going under contract after 97 days on market.

There were no short sales or foreclosures (distressed sales) in any Sewalls Landing transactions this year.

 Sewalls Landing Jensen Beach FL

 Sewalls Landing is located at the northern tip of Sewalls Point, FL in Martin County.  Officially it is in Jensen Beach, but many residents of Sewalls landing consider themselves part of Sewalls Point.   Just across the street from the Dolphin Bar and Grill and within walking distance of marinas, boat ramps, Indian Riverside Park and much, much more.
Sewalls Landing Jensen Beach FLThis gated community consists of 51 home-sites (including 3 lots that are still vacant).  Homes in Sewalls Landing were built from 1992 to 2008 and are situated on generous sized lots from just under ½ acre to over ¾ of an acre.  Home sizes range from 2,000 to over 5,000 square feet of living areas.  Many homes feature 3 car garages.  Residents enjoy low HOA fees of $110 per month.

Sewalls Landing Jensen Beach FL

Children attend Felix Williams Elementary, Stuart Middle and Jensen Beach High Schools.  Easy access to the beaches as it’s just about equidistant from both the Stuart and Jensen Beach Causeways.  Close to shopping and medical facilities as well.  This is a much sought after community in Martin County, FL.

 Sewalls Landing Jensen Beach FL

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Sewalls Landing April 2016 Market Report

February 2016 Monthly Market Detail Martin County Townhouses and Condos

03.30.16 by

February 2016 Monthly Market Detail Martin County Townhouses and Condos

February 2016 Monthly Market Detail Martin County Townhouses and Condos  continues with slower sales volume as compared to the past two years while continuing to show impressive price gains.  Closed sales were down by 2.0% (was down by 20.2% in January) and new sales under contract (new pending sales) were down by 7.5% from February 2014 (decreased by 33.9% in January).  These sales results are an improvement from last month.

The median sales price was up by 2.1% (was up by 39.1% in January) while the average sales price increased by 13.3% (was up by 36.8% in January) as compared to February of 2015.

The inventory of available townhouses and condos dropped by 57 units to 411 properties as compared to last month.  The first drop after three straight months of increased inventory. This is still 13.8% below the February 2015 inventory.  Currently, there’s a 4.1 month supply of inventory (a 10.9% decrease from last year).  Still in a strong sellers market for townhouses and condos for Martin County.  Signs are strong for another increase spurt in sales activity for this sector.

February 2016 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
February 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.

February 2016 Monthly Market Detail Martin County Townhouses and Condos

February 2016 Monthly Market Detail Martin County Single Family Homes

03.29.16 by

February 2016 Monthly Market Detail Martin County Single Family Homes

The February 2016 Monthly Market Detail Martin County Single Family Homes showing reduced volume of sales activity for February of 2016.  Year to year closed sales were down by 11.8% (was up 6.0% in January). New pending sales decreased by 3.3% as compared to February of 2015 (Decreased by 16% in January).

But prices continue to rise as the median sales price was up by 8.9% from last year (up by 18.2% in January) while the average price increased by 5.1% (was down by 18.2% last month).  As long as the inventory remains tight, prices will continue to rise.

The inventory of available single family homes decreased from last month by 113 homes to 1081 units for this month, and this is 5.0% less than last February.  Current supply of homes is 5.2 months, for February of last year it was a 5.9 months supply. (This is a 11.9% decrease from last year).  Continuing as a sellers market in Martin County.  Still a sellers market for Martin County single family home sales.

February 2016 Monthly Market Detail Martin County Single Family Homes

Click here to view or download the full report:
February 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.

February 2016 Monthly Market Detail Martin County Single Family Homes

Royal Oak Towers Condo in Downtown Stuart Under Contract

03.26.16 by

Royal Oak Towers Condo in Downtown Stuart Under Contract

Royal Oak Towers in Downtown Stuart FL

Fantastic downtown Stuart location in the Royal Oak Towers of Stuart FL, Suite A-2 has now gone under contract during the sneak peek version of this listing.  The list price was $127,000. If you have a condo that is in Martin County that you need to sell quickly and for the best price, give us a call for a no obligation consultation.

Royal Oak Towers Stuart FL Royal Oak Towers Stuart FL

Downtown Stuart Condo, 2 bedroom, 2 bath completely renovated with tile floors, corian counter tops, stainless steel appliances, hurricane impact windows, 1 covered parking, top floor unit with elevator. Lots of natural light with open floor plan. Conveniently located, walk to downtown restaurants, the Lyric and shops. Just minutes from the beach.  All ages are welcome and 1 large pet is permitted.

Royal Oak Towers Stuart FL Royal Oak Towers Stuart FL

Royal Oak Towers Stuart FL Royal Oak Towers Stuart FL

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Royal Oak Towers Condo in Downtown Stuart Under Contract

 

 

Westwood Country Estates Palm City March 2016 Market Report

03.25.16 by

Westwood Country Estates Palm City March 2016 Market Report

As of March 2016, there is only 1 home on the market in Westwood Country Estates in Palm City, FL.  The list price is $498,000 which equals $163.28 per sq. ft. of living area.

There are no homes currently under contract (pending sales)

There have been 5 homes sold in the past 12 months in Westwood Country estates.  Sales prices ranged from $330,000 to  $440,000 for an average of $165.51 per sq. ft. of living area.  These sales averaged  for 94% of the list price and went under contract in an average of 75 days on market.

Westwood Country Estates Palm City March 2016 Market Report Florida

 Westwood Country Estates in Palm City, FL  is a wide open, gorgeous community that features statuesque homes that are beautifully placed on oversized lots of ½ acre or more, that will give you and your family plenty of room to grow!  Wonderfully landscaped throughout, Westwood Country Estates will make you feel proud to come home to.  Every home is unique and there is sure to be one you will fall in love with!

Palm City is a great place to raise a family with its “A” rated schools and proximity to I-95 and Florida’s Turnpike which opens you to all the opportunities of both Martin County and it’s neighbors, just a short drive North or South!  Martin County has lots of recreational areas and opportunities to enjoy many opportunities outdoors with your family!

Westwood Country Estates Homes for Sale

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Westwood Country Estates Palm City March 2016 Market Report

Cobblestone Country Club March 2016 Market Report

03.24.16 by

Cobblestone Country Club March 2016 Market Report

For March 2016 there are 8 homes for sale in the Cobblestone Country Club of Palm City, FL.  List prices range from $449,000 to 699,900. The average list price equals $551,600 which is $177.49 per sq. ft. of living area.

3 homes are under contract and awaiting sale.  List prices are from $359,900 to 400,000 for an average of $386,466 which equals $170.06 per sq. ft. of living area.   These homes were on the market for an average of 0nly 20 days before going under contract.

In the past 12 months, 7 homes have sold in the Cobblestone Country Club.  Sale prices ranged from $310,000 to $510,000 for an average sale price of $410,571 which equals $138.80 per sq. ft. of living area. These homes sold for an average of 94% of list price and went under contract in an average 0f 190 days after being listed.

 

Cobblestone Country Club

Cobblestone Country Club March 2016 Market Report

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

Cobblestone Country Club March 2016 Market Report

Cobblestone Country Club March 2016 Market Report

Cobblestone Country Club Homes for Sale

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Cobblestone Country Club March 2016 Market Report

Hobe Sound FL 33455 Condo Market Report February 2016

03.22.16 by

Hobe Sound FL 33455 Condo Market Report February 2016

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

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

There are currently 9 active condo listings. (Increased by 3 condos from January)

Hobe Sound FL 33455 Condo Market Report February 2016

5 Condos are pending and awaiting close. (Up by 3 condos from January)

Hobe Sound FL 33455 Condo Market Report February 2016

No Condos sold in February (Same as January)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  February brought the second month of no condo sales, something that hasn’t happened since I’ve been tracking this market.  With a small increase in inventory and pending sales, I expect to see at least one or two closed sales for March.

No possible absorption rate number for this month with zero sales, for December of 2015 it was 4 months.  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 may not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The February 2015 numbers were: 19 active listings, 5 pending sales and 3 closed sales.  Our pending sales are the same as last year, otherwise there was better activity in 2015.

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Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report February 2016

Jensen Beach FL 34957 Condo Market Report February 2016

03.20.16 by

Jensen Beach FL 34957 Condo Market Report February 2016

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

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



There are currently 26 active listings. (Decreased by 13 condos from January)

Jensen Beach FL 34957 Condo Market Report February 2016

18 Condo sales are pending and awaiting settlement. (Decreased by 1 condos from January)

Jensen Beach FL 34957 Condo Market Report February 2016

11 Condos Sold (Increased by 5 condos from January)

Jensen Beach FL 34957 Condo Market Report February 2016

 The Jensen Beach FL 34957 Condo Market Report February 2016 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  A very unexpected and dramatic drop of active condos for sale (inventory), while both pending sales and closed sales increased from the previous month.  The future months may be problematic unless the inventory increases.

The one month absorption rate for the February 2016, Jensen Beach Florida Market Report ZIP Code 34957 plunged to 2.4  months (from 6.5 months in January), bringing this segment of the Martin County condo market back into an extreme sellers market again, after one month as a balanced market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The February 2015 numbers were: 40 active listings, 14 pending sales and 9 condos closed.  Better activity this year when compared to last year even though we only have a little more than half the inventory from last year.

Jensen Beach FL 34957 Condo Market Report February 2016

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Jensen Beach Florida Real Estate presented by:
Gabe Sanders

Jensen Beach FL 34957 Condo Market Report February 2016

Palm City FL 34990 Condo Market Report February 2016

03.18.16 by

Palm City FL 34990 Condo Market Report February 2016

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

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



There are currently 65 active condo listings. (Increased by 1 condos from January)

   Palm City FL 34990 Condo Market Report February 2016

15 Condo sales are pending and awaiting close or lender approval. (Up by 6 condos from last month)

Palm City FL 34990 Condo Market Report February 2016

6 Condos Sold in February. (Up by 4 condos from January)

Palm City FL 34990 Condo Market Report February 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For this month, we had some nice increases in both pending and closed sales while the inventory stayed almost constant.

The current absorption rate for condos in the 34990 zip code area dropped to 10.8 months (was 34 months in February).   Still a buyers market for Palm City condos, but trending towards a balanced one.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The February 2015 numbers were: 54 active listings, 13 pending sales and 4 closed sales.   Slightly better activity this year when compared to February of 2015, but we also have a greater inventory of available condos for sale.  Very unusual for today’s market.
Palm City FL 34990 Condo Market Report February 2016

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Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report February 2016