Stuart Florida Market Report ZIP Code 34994 Residential February 2016

Stuart Florida Market Report ZIP Code 34994 Residential February 2016

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

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

There are currently 69 active listings (Up by 10 homes from January)

Stuart Florida Market Report ZIP Code 34994 Residential February 2016

24 Residential sales are pending and awaiting close or lender approval (Increased by 10 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential February 2016

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

Stuart Florida Market Report ZIP Code 34994 Residential February 2016

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a weaker month to begin the new year after a very strong finish to 2016.

The one month absorption rate for the 34994 zip code for February dropped to 5.3 months from 5.9 months for January.  Back into 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 February 2014 numbers were 89 Active Listings, 33 pending sales and 11 closed sales.   Considerably better activity this year with a much reduced inventory.

Stuart Florida Market Report ZIP Code 34994 Residential February 2016

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Stuart Florida Market Report ZIP Code 34994 Residential February 2016

Royal Oak Towers B-3 Back Under Contract

Royal Oak Towers B-3 Back Under Contract

Royal Oak Towers B-3 Back Under Contract in Downtown Stuart FL

This condo in the Royal Oak Towers of Stuart FL is no longer available for showings as it has gone back under contract.  The last listed price was $123,500.  If you’re interested in the Royal Oaks Towers condominiums, please call the Gabe Sanders BlueWater realty team as we may have some more units coming on the market shortly.

Royal Oak Towers B-3 Back Under Contract in Downtown Stuart FL Royal Oak Towers B-3 Back Under Contract in Downtown Stuart FL

A light and bright 2 bedroom, 2 bathroom condo in the beautiful downtown Stuart area. Open living room/dining room combo with pass through to kitchen. With new hurricane impact windows throughout the building.  Your screened patio overlooks the fountain in the courtyard. And lots of windows to give you great natural light. High ceilings. There is 1 covered parking space with easy access to elevator (Pickups and motorcycles allowed). Close to downtown Stuart, restaurants, shops and Lyric Theater and a short walk to the Hospital. Beaches, boating and fishing are also only minutes away. All ages are welcome and 1 large pet is allowed.  This is a very well maintained unit.

Royal Oak Towers B-3 Back Under Contract in Downtown Stuart FL Royal Oak Towers B-3 Back Under Contract in Downtown Stuart FL

Royal Oak Towers B-3 Back Under Contract in Downtown Stuart FL Royal Oak Towers B-3 Back Under Contract in Downtown Stuart FL

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More information about Stuart Florida Real Estate can be found on the Gabe Sanders BlueWater Realty team’s web site.

Royal Oak Towers B-3 Back Under Contract

March 2016 Events for Martin County

March 2016 Events for Martin County

Stuart Sailfish

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

2016 House of Refuge Lecture Series and Exhibit Schedule

Location: Gilbert’s Bar House of Refuge

Address: 301 S.E. MacArthur Blvd

Description:

Gilbert’s Bar House of Refuge is one of our local treasures, a key piece in the history of Martin County and the Treasure Coast. Popular Breakfast and Oceanside lectures provide a wealth of information and the next series is just around the corner, offering you a choice of morning or evening presentations. Refreshments will be served as you relax and learn in the beautiful setting at Gilbert’s Bar House of Refuge, 301 S.E. MacArthur Blvd, in Stuart. Following are the 2016 schedules:

Breakfast Lectures:

South Florida Indian Folklore

Speaker: Patrick Messmer

Breakfast – March 2 – 10 a.m.

Oceanside Lectures:

South Florida Indian Folklore

Speaker: Patrick Messmer

Oceanside – March 31 – 7 p.m.

Individual tickets are $15, or $50 for the whole series. Seating is very limited and no member discounts apply. To register, call the House of Refuge at 772-225-1875 or emaillgeary@elliottmuseum.org. These lectures sell out fast!

 

5th Annual Sporting Clay Fun Shoot

Start Date/Time: March 5, 2016 (8:00 AM)

End Date/Time: March 5, 2016 (2:00 PM)

Location: South Florida Shooting Club

Address: 500 SW Long Dr. Palm City, FL. 34990

Description:

5th Annual Sporting Clay Fun Shoot to benefit the 5th Annual Vietnam Veterans of America Chapter 1041

Welcome to South Florida Shooting Club, Florida’s largest private gun club.
Our club features 650 acres of scenic landscape for our members to enjoy sporting clays, skeet, trap, five stand, and F.I.T.A.S.C. Our clubhouse has spacious lounge seating both in and out of doors with high speed internet for our guests. Lunch is available 12:00-2:00p with dinner available during extended hours and tournaments.

http://www.southfloridashootingclub.com/

 

Coffee with the Conductor March 2016

Start Date/Time: 3/11/2016 (10:30 am)

End Date/Time: 3/11/2016 (11:30 am)

Location: Courthouse Cultural Center

Address: 80 SE Ocean Boulevard,

Description: Coffee with the Conductor presented by The Arts Council of Martin County and Atlantic Classical Orchestra. Courthouse Cultural Center, 80 SE Ocean Boulevard, Stuart. Free, but space is limited. 772- 287-6676.

Event Contact: 772- 287-6676

http://www.martinarts.org/

 

Fine Arts Show presented by the Jensen Beach Art League

Start Date/Time: 3/13/16 (10:00 Am)

End Date/Time: 3/13/16 (4:00 PM)

Location: Indian RiverSide Park

Address: 1707 NE Indian River Drive

Description:

The Jensen Beach Art League is a 501C3 Non-Profit Organization supporting local arts in the community. You are invited to enjoy their monthly Art Sale and Exhibit is located at the Indian RiverSide Park along the beautiful Indian River Drive in Jensen Beach.

http://jensenbeachartleague.yolasite.com/

 

HOBE SOUND MURAL PUBLIC TOURS

Start Date/Time: March 11, 2016 (10:00 AM)

End Date/Time: March 11, 2016 (12:00 PM)

Address: 11954 SE Dixie Highway

Description:

HOBE SOUND MURAL PUBLIC TOURS
Enjoy a 2 Hour, Artist Guided Tour. 
Time: 10 AM- Noon
Begins & Ends at Chamber Office, 11954 SE Dixie Highway, Hobe Sound
Price: $15.00 per person
(Includes tour, map, bottled water or soda)
*Mail Checks to Hobe Sound Chamber PO BOX 1507, Hobe Sound, FL 33455 ATT: Mural Tour
Call the Chamber at 772-546-4724 to register.
Cancellation Policy:
Must Cancel 48 hours in advance for a full refund, otherwise a refund will not be given.

Guided Tours are not the only option…pick up a map at the Chamber and rent a bike fromVillage Bike Shop or try walking or driving yourself.

PRIVATE HOBE SOUND MURAL TOURS– Booked by Calling Nadia at 561-762-9202 ornadiautto@comcast.net

Mural Project Goals:

  • Beautify specific locations
  • Enhance civic pride for residents
  • Provide signature attraction for seasonal visitors
  • Promote local business and connect the main street corridors
  • Honor our rich past, celebrate current vitality and plant seeds for future promise
  • Facilitate positive networking among all participants: artists, building owners and business residents

There are 17 large scale murals completed to date, with several more scheduled for this year and many other prospects expected as the endeavor reaches maturity.

Since 2009, this ‘paint-the-town’ initiative, spearheaded by professional artist Nadia Utto, has provided opportunities to spend some time ‘on-the-wall’ contributing a personal touch to the local ambiance, for over 40 skilled regional artisans and hobbyists, along with approximately 100 individual residents and visitors.

There are fun ‘treasure-hunt’ hidden aspects painted within each mural…. So stop by the Chamber for a Mural Tour Map/Brochure – and walk, bike, drive or take a sponsored tour to and around these landmarks!

Building owners, business tenants and community residents support the overall effort, none-the-less the majority of this work to date has been performed with modest honorariums and as a labor-of-love…

So please invest in your community and support the ongoing sustainability of the murals project by taking a tour and/or making a donation to Landmark Arts, Inc.

 

Hobe Sound Nature Center Spring Series~Tuesday Morning Hikes

Start Date/Time: March 1, 2016 (10:00 AM)

End Date/Time: March 29, 2016 (12:00 PM)

Location: Hobe Sound Nature Preserve Center

Address: 13640 SE Federal Highway

Description:

RESERVATION REQUIRED

Car pools leave early from the Nature Center

March 1st- Kitching Creek Central Flow Way

March 8th- Hawk’s Bluff
March 15th- Wakodahatchee Wetlands Birding Hike
March 22nd- Grey Cay Nature Center Birding Hike
March 29th-*-Barley Barber Swamp-*8:30 AM*

Event Contact: (772) 546-2067

http://hobesoundnaturecenter.com/

 

Home, Garden & Orchid Show

Start Date/Time: March 4, 2016 (12:00 PM)

End Date/Time: March 6, 2016 (5:00 PM)

Location: Martin County Fairgrounds

Address: 2616 SE Dixie Hwy.

Description: One of the largest and most comprehensive showcase of local businesses presented by the Martin County Fair Association and the Stuart/Martin County Chamber of Commerce and features the latest in home and garden products and services. Free Admission and Free Parking

http://www.eventcrazy.com/Stuart-FL/events/details/239977-Home-and-Garden-Show

 

Much Ado About Nothing

Start Date/Time: March 3, 2016 (7:00 PM)

End Date/Time: March 6, 2016 (8:00 PM)

Location: North Stuart Baptist Church

Address: 1950 NW Federal Hwy

Description:

Treasure Coast Community Singers, serving as a cornerstone of the Treasure Coast cultural landscape, is to keep people singing through the performance of outstanding musical programs from all traditions, and to inspire excellence in performance for adults and children through music education, challenge, discovery and diversity. Come watch their performance of “Much Ado About Nothing” by the Treasure Coast Community Singers

 

Oceans Alive 2016 Gala to benefit Florida Oceanographic Society

Start Date/Time: March 20, 2016 (6:00PM)

End Date/Time: March 20, 2016 (11:00PM)

Location: Sailfish Point Ocean Room

Address: 2201 SE Sailfish Point Boulevard, Stuart 34996

Description: Annual gala to celebrate and support Florida Oceanographic Society’s mission to inspire environmental stewardship of Florida’s coastal ecosystems through education, research an advocacy. Enjoy dinner, live & silent auction, music & more!

 

ROBERT VAN DELLEN LECTURE SERIES AT ELLIOTT MUSEUM

Start Date/Time: 1/28/2016 (6 pm)

End Date/Time: 3/31/2016 (8 pm)

Location: Elliott Museum

Address: 825 NE Ocean Boulevard

Description:

Professor Robert Van Dellen, Ph. D., will offer three lectures in 2016 at the Elliott Museum. Professor Van Dellen received his Ph.D in literature from Indiana University and is a noted essayist and writer.

The series will be entitled “The Power of Literature: Mapping Passageways.” Dates and topics to be covered are:
March 31 6-8 p.m. Growing Up & Old with Literature. What great literature teaches us about growing up and growing old – how we love, live and mature through literature. Classic European, British and American authors will be discussed.

Cost to attend each lecture is $14 per person for adults; $12 for seniors. Free to Museum members. Reservations required. Call 772-225-1961 or visit www.ElliottMuseum.org.

 

Sunset Concerts at the Gallery

Start Date/Time: 3/8/15 (5:30 PM)

End Date/Time: 3/8/16 (7:00 PM)

Location: Martin County Arts Council

Address: 80 SE Ocean Blvd.

Description:

Starting this Fall, a new and exciting program to combine the fine and performing arts in one space is coming to the Court House Cultural Center Gallery. The monthly series will feature some of Martin County’s most talented musicians in a unique and intimate setting. We are excited to announce with support from Marie Jureit-Beamish, that Sunset Concerts at the Gallery will occur on the 2nd Tuesday monthly, October through June.

March 8: Stuart School of Music

Event Contact: (772) 287-6676

 

The Marathon of the Treasure Coast Weekend

Location: Memorial Park

Address: 300 SE Ocean Blvd & Georgia Ave

Description:

The Marathon of the Treasure Coast is a high-profile signature event on the Treasure Coast of Florida.  It is designed for runners, walkers and music enthusiasts, to be a competitive full and half marathon, team marathon relay and extended challenge event with a small prize purse for the avid endurance athlete.  Of equal importance, it is designed to showcase the incredible lifestyle and culture of the local community here on the Treasure Coast.  One great aspect to this event is the ability to enable a philanthropic outreach in support of several local and national charitable beneficiaries.  We are excited to bring a festival-type event to the Treasure Coast. .
Race Events

Full Marathon — Sunday, Mar 6, 2016 — $99 (Dec 31: $109, Jan 31: $119)

Half-Marathon — Sunday, Mar 6, 2016 — $74 (Dec 31: $79, Jan 31: $84)

10k — Hosted by M.E.’s Team — Saturday, Feb 27, 2016 — $45

5k — Hosted by Care Net — Saturday, Mar 5, 2016 — $35

 

 

Vanessa Williams’ Cocktail party

Start Date/Time: March 3, 2016 (7:00 PM)

End Date/Time: March 3, 2016 (9:00 PM)

Location: The Star Struck Theatre

Address: 2101 S. Kanner Highway.

Description:

Vanessa Williams’ Cocktail party, performance, young artists performances and discussion with Ms. Williams

This exclusive and intimate event will bring arts and culture enthusiasts together from across the country in support of our community’s young artists.

 

 

January 2016 Monthly Market Detail Martin County Townhouses and Condos

January 2016 Monthly Market Detail Martin County Townhouses and Condos

January 2016 Monthly Market Detail Martin County Townhouses and Condos  began 2016 with dissapointing closed volumes while also showing some very heft price increases.  Closed sales were down by 20.2% (was up by 1.8% in December) and new sales under contract (new pending sales) were down by 33.9% from January 2014 (decreased by 23.9% in December).  These decreases in closed and pending sales are a bit troubling for future months.

Even though the sales volume is off, prices continue to rise and very strong rates.  The median sales price was up by 39.1% (was up by 27.1% in December) while the average sales price increased by 36.8% (was up by 9.2% in December) as compared to January of 2015.

The inventory of available townhouses and condos jumped up by 57 units to 468 properties as compared to last month.  The third straight month of increased inventory, though this is still 14.4% below the January 2015 inventory.  Currently, there’s a 4.4 month supply of inventory (a 6.4% decrease from last year).  Still in a strong sellers market for townhouses and condos for Martin County.  It will be interesting to see what happens as the inventory increases if sales continue their slower pace.

January 2016 Monthly Market Detail Martin County Townhouses and Condos

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

January 2016 Monthly Market Detail Martin County Townhouses and Condos

January 2016 Monthly Market Detail Martin County Single Family Homes

January 2016 Monthly Market Detail Martin County Single Family Homes

The January 2016 Monthly Market Detail Martin County Single Family Homes started 2016 with mixed results as compared to last year.  Year to year closed sales were up by 6.0% (was down 9.6% in December). New pending sales decreased by 16% as compared to January of 2015 (Decreased by 10.6% in December).

The median sales price was up by 18.2% from last year (up by 5.3% in December) while the average price decreased by 18.2% (was up by 18.4% last month).  I’m not sure how they came up with these results.

The inventory of available single family homes increased from last month by 53 homes to 1194 units this month, and this inventory is 9.1% less than last January.  Current supply of homes is 5.1 months, for January of last year it was a 6.2 months supply. (This is a 18.5% decrease from last year).  Continuing as a sellers market in Martin County.  Though, the recent reduced rate of closed sales and an increasing inventory may soon have us back into a balanced market.

January 2016 Monthly Market Detail Martin County Single Family Homes

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

January 2016 Monthly Market Detail Martin County Single Family Homes

Hobe Sound FL 33455 Condo Market Report January 2016

Hobe Sound FL 33455 Condo Market Report January 2016

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

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

There are currently 6 active condo listings. (Increased by 2 condos from December)

Hobe Sound FL 33455 Condo Market Report January 2016

2 Condos are pending and awaiting close. (Up by 1 condos from December)

Hobe Sound FL 33455 Condo Market Report January 2016

No Condos sold in December (Down 1 condos from December)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  2016 began with a whimper for Hobe Sound condos with no sales.  We did have small improvements in both the inventory and pending sales.

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 January 2015 numbers were: 17 active listings, 3 pending sales and 3 closed sales.  Much better activity last year with considerably more inventory to work with.

Search Hobe Sound Condominium Properties by Price

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Hobe Sound FL 33455 Condo Market Report January 2016

North River Shores February 2016 Market Update

North River Shores February 2016 Market Update

The North River Shores February 2016 Market Update for Stuart Florida:

There are currently 5 active listings in North River Shores.  List prices range from $279,900 to $1,250,000.  The average list price is $557,966 based on $265.62 per square foot of living area.

2 homes are under contract (pending sales). List prices were $339,900 and $650,000 for an average of  $494,950 which equates to a $237.07 price per sq. ft. of living area.  These two homes averaged 93 days on the market before accepting offers.

In the past 12 months, 30 homes have sold in North River Shores at an average sales price of $477,390 or at $195.18 per square foot of living area. Sales prices ranged from $95,500 to $2,050,000 and averaged 94% of the last list price.  These homes were on the market for an average of 96 days prior to accepting the offers that lead to the sale.

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.

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.


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.

 
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:
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Stuart Florida Real Estate

North River Shores February 2016 Market Update

Jensen Beach FL 34957 Condo Market Report January 2016

Jensen Beach FL 34957 Condo Market Report January 2016

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

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



There are currently 39 active listings. (Increased by 2 condos from December)

Jensen Beach FL 34957 Condo Market Report January 2016

19 Condo sales are pending and awaiting settlement. (Increased by 7 condos from December)

Jensen Beach FL 34957 Condo Market Report January 2016

6 Condos Sold (Decreased by 5 condos from December)

Jensen Beach FL 34957 Condo Market Report January 2016

 The Jensen Beach FL 34957 Condo Market Report January 2016 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  Sales were off for the first month of 2016 while both the inventory and pending sales showed improvement.

The one month absorption rate for the January 2016, Jensen Beach Florida Market Report ZIP Code 34957 increased to 6.5  months (from 5.3 months in December), bringing this segment of the Martin County condo market back into a balanced market again, after one month as a sellers market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The January 2015 numbers were: 40 active listings, 19 pending sales and 9 condos closed.  Other than fewer closed sales for this year, identical numbers from 2015.

Jensen Beach FL 34957 Condo Market Report January 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 January 2016

Palm City FL 34990 Condo Market Report January 2016

Palm City FL 34990 Condo Market Report January 2016

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

 

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



There are currently 64 active condo listings. (Increased by 12 condos from December)

   Palm City FL 34990 Condo Market Report January 2016

9 Condo sales are pending and awaiting close or lender approval. (No change in pending condos from last month)

Palm City FL 34990 Condo Market Report January 2016

2 Condos Sold in January. (Down by 2 condos from December)

Palm City FL 34990 Condo Market Report January 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  To begin 2016, this segment of the market had a nice increase in inventory, unfortunately a decrease in closed sales and no increase in pending sales.

The current absorption rate for condos in the 34990 zip code area is an atrocious 34 months (was 13 months in January).   A very serious buyers market for Palm City condos.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The January 2015 numbers were: 59 active listings, 12 pending sales and 3 closed sales.   Interestingly the inventory for 2016 is now higher than it was for the first month of 2015.  One of the only segments of our market that has this.  Unfortunately, activity is weaker this year as well.
Palm City FL 34990 Condo Market Report January 2016

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Palm City FL 34990 Condo Market Report January 2016

February 2016 Market Update for Hunters Creek in Palm City FL

February 2016 Market Update for Hunters Creek in Palm City FL

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

There is one home currently under contract (pending sale).  This home was listed for $379,900 which is $147.99 per sq. ft. of living area.  It went under contract 6 days after it was listed.

There have been 6 homes sold in the past 12 months in Hunters Creek.  Sales prices were from $220,000 to $365,000 for an average sale price of $320,000 which equals $141.73 per sq. ft. of living area.  These homes sold on average of 94% of the last listed price and were under contract on an average o30 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.

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 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 StuartJensen Beach and the beaches of the Atlantic Ocean on Hutchinson Island.

Hunters Creek Homes for Sale in Palm City FL

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February 2016 Market Update for Hunters Creek in Palm City FL

Stuart Florida Market Report ZIP Code 34994 Residential January 2016

Stuart Florida Market Report ZIP Code 34994 Residential January 2016

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

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

There are currently 59 active listings (Unchanged from December)

Stuart Florida Market Report ZIP Code 34994 Residential January 2016

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

 Stuart Florida Market Report ZIP Code 34994 Residential January 2016

1o Homes Sold in December (Down by 2 homes from December)

Stuart Florida Market Report ZIP Code 34994 Residential January 2016

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a weaker month to begin the new year after a very strong finish to 2015.

The one month absorption rate for the 34994 zip code for January jumped to 5.9 months from last months 4.9 months.  Just about a balanced market 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 January 2014 numbers were 85 Active Listings, 37 pending sales and 9 closed sales.   Much more active market back last year, though closed sales just edged out last years numbers.  We could use more active listings in the 34994 zip code of Stuart FL.

Stuart Florida Market Report ZIP Code 34994 Residential January 2016

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Stuart, FL Real Estate

Rental Properties

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Vacant Land Properties

Commercial Properties

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Stuart Florida Market Report ZIP Code 34994 Residential January 2016

Foxwood Stuart FL February 2016 Market Update

Foxwood Stuart FL February 2016 Market Update

 As of Feb 2016, there is only one home on the market in the Foxwood equestrian community in Stuart, FL.  The list price is $550,000 which is $175.22 per sq. ft. of living area.

There is one home under contract which has not completed the sales process. The listing price is $369,900 or $109.80 per sq. ft. of living area.  This home was on the market for 134 days prior to going under contract.

In the past 12 months there were 4 sales in this western Stuart community.  Sales prices ranged from $415,000 to $525,000 for an average of $477,500 which equals $155.66 per sq. ft. of living area.  These sales averaged a 94% list to sales ratio and an average of 110 days on the market.

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.

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

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

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

Royal Oak Towers B-3 Under Contract

Royal Oak Towers B-3 Under Contract

Royal Oak Towers B-3 Under Contract in Downtown Stuart FL

This condo in the Royal Oak Towers of Stuart FL is no longer available for showings as it has gone under contract through the marketing efforts of the Gabe Sanders BlueWater realty team.  The listed price was $123,500.

Royal Oak Towers B-3 Under Contract in Downtown Stuart FL Royal Oak Towers B-3 Under Contract in Downtown Stuart FL

A light and bright 2 bedroom, 2 bathroom condo in the beautiful downtown Stuart area. Open living room/dining room combo with pass through to kitchen. With new hurricane impact windows throughout the building.  Your screened patio overlooks the fountain in the courtyard. And lots of windows to give you great natural light. High ceilings. There is 1 covered parking space with easy access to elevator (Pickups and motorcycles allowed). Close to downtown Stuart, restaurants, shops and Lyric Theater and a short walk to the Hospital. Beaches, boating and fishing are also only minutes away. All ages are welcome and 1 large pet is allowed.  This is a very well maintained unit.

Royal Oak Towers B-3 Under Contract in Downtown Stuart FL Royal Oak Towers B-3 Under Contract in Downtown Stuart FL

Royal Oak Towers B-3 Under Contract in Downtown Stuart FL Royal Oak Towers B-3 Under Contract in Downtown Stuart FL

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Martin County December 2015 Market Report

Martin County December 2015 Market Report

 Martin County December 2015 Market Report

“For Martin County, Florida Realtors® reported that the number of closed home sales in December
improved 13.81 % from December, but dropped 9.6% year-over-year. Pricing, however, continued to
appreciate compared to last year with our median sale price for December increasing 5.3% to $300,000, and our average sale price advancing upward by 18.4% to $484,702. Meanwhile, inventory continued to remain low, keeping our monthly supply at 4.9 months and median days on market at 38 days. ‘Tis the season for sellers – prices are up, inventory is down, and higher end homes are selling! If you wish to list your home, be sure to use your local REAL TOR®.”

Give us a call if you have any questions or require information about the current real estate market in Martin County.
(772) 323-6996

Martin County December 2015 Market Report

December 2015 Monthly Market Detail Martin County Townhouses and Condos

December 2015 Monthly Market Detail Martin County Townhouses and Condos

December 2015 Monthly Market Detail Martin County Townhouses and Condos  showed a somewhat slight improvement after two slower months of sales activity.  Closed sales were up by 1.8% (was down by 18.7% in November) and new sales under contract (new pending sales) were down by 23.9% from December 2014 (decreased by 5.7% in November).  The decrease in pending sales is a bit troubling for future months.

Even though the sales volume is off, prices continue to rise and very strong rates.  The median sales price was up by 27.1% (was up by 18.4% in November) while the average sales price increased by 9.2% (was up by 38.2% in November) as compared to December of 2014.

The inventory of available townhouses and condos has increased by 13 units to 411 properties from last month.  The second month of increased inventory, though this is still 19.3% below the December 2014 inventory.  Currently, there’s a 3.8 month supply of inventory (a 19.3% decrease from last year).  Still in a strong sellers market for townhouses and condos for Martin County.  The reduced inventory along with the strong demand continues to impact prices in Martin County.

December 2015 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
December 2015 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.

December 2015 Monthly Market Detail Martin County Townhouses and Condos

December 2015 Monthly Market Detail Martin County Single Family Homes

December 2015 Monthly Market Detail Martin County Single Family Homes

The December 2015 Monthly Market Detail Martin County Single Family Homes ended the year with weaker sales volume than last year, while prices continue to rise.  Year to year closed sales were down by 9.6% (was up 6.5% in November). New pending sales decreased by 10.6% as compared to December of 2014 (Increased by 4.9% in November).

Prices continue their upward march.  The median sales price was up by 5.3% from last year (up by 13.0% in November) while the average price increased by 18.4% (was up by 30.6% last month).  A little slower rate of appreciation as compared to last month, but still very strong growth in values.

The inventory of available single family homes increased from last month by 12 homes to 1141 units this month, and this inventory is 11.2% less than last December.  Current supply of homes is 4.9 months, for November of this year it was a 4.8 months supply. (This is a 21.0% decrease from last year).  Continuing as a strong sellers market.  The reduced inventory is the current cause of the slower sales volume.  Hopefully, with the increase in values there will be some increasing inventory in the months ahead.

December 2015 Monthly Market Detail Martin County Single Family Homes

Click here to view or download the full report:
December 2015 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.

December 2015 Monthly Market Detail Martin County Single Family Homes

January 2016 Archipelago Real Estate of Sewalls Point Market Update

January 2016 Archipelago Real Estate of Sewalls Point Market Update

For January of 2016 there are two active listings on the market in the Archipelago of Sewalls Point.  Listing prices are $1,550,000 and $2,175,000 for an average list price of $1,966,666 or $517.56 per sq. ft.

There is one home currently under contract. It was listed for $979,000 or $289.05 per sq. ft. and was on the market for 3 days prior to this offer being accepted.

In the past 12 months, there have been no homes sold in the Archipelago of Sewalls Point. The last sale was over a year and a half ago on 4/30/2014 which was a $735,000 sale price.

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 2016 Archipelago Real Estate of Sewalls Point Market Update

Lake Tuscany January 2016 Market Report

Lake Tuscany January 2016 Market Report

As of January 2016, there are 2  homes available for sale with listing prices from $419,900 to $429,000 for an average list price of $424,450 which is a price per square foot of living area of $146.67.

There are no homes currently under contract and awaiting settlement in Lake Tuscany.

In the past 12 months, 6 homes have sold in Lake Tuscany ranging in sales price from $335,000 to $460,000 for an average sales price of $381,416 which equals $126.35 per sq. ft. of living area.  These homes took an average of 86 days on market to go under contract and sold at 97% of list price.

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 January 2016 Lake Tuscany Real Estate Update in Stuart FL, 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

Lake Tuscany January 2016 Market Report

 

Portofino Condos at Jensen Beach January 2016 Market Update

Portofino Condos at Jensen Beach January 2016 Market Update

As of January 2016 there are two condos available for sale in Portofino.  These two are listed for $84,900 and $150,000 for an average list price of $117,450 which equals $124.09 per sq. ft. of living area.

There are no condos pending at this time.

In the past 12 months, 7 Portofino condos have sold, ranging in sales price from $61,500 to $135,000 for an average sales price of $92,364 which equals a price per sq. ft. of $90.63.  The average days on market was 13 and the average list to sales price ratio was 95%.

Portofino condos remain in high demand and sales prices continue to rise.  Many of the units continue to be controlled by the former developer who has not released them for sale and continues to run a rental program.

Portofino Condos at Jensen Beach January 2016 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 2016 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 2016 Market Update

Portofino Condos at Jensen Beach January 2016 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 2016 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.

 

Jensen Beach Florida Real Estate

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

Portofino Condos at Jensen Beach January 2016 Market Update

Hobe Sound FL 33455 Condo Market Report December 2015

Hobe Sound FL 33455 Condo Market Report December 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for December 2015

For December 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 4 active condo listings. (Unchanged from November)

Hobe Sound FL 33455 Condo Market Report December 2015

1 Condos are pending and awaiting close. (Unchanged from November)

Hobe Sound FL 33455 Condo Market Report December 2015

1 Condos sold in November (Unchanged from November)

Hobe Sound FL 33455 Condo Market Report December 2015

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  With only 4 actively listed condos, there’s just not that many options out there for buyers.  Amazingly, there were no changes from last month at all.

The current absorption rate is 4 months (Unchanged from last month).  This absorption rate 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 December 2014 numbers were: 13 active listings, 6 pending sales and 5 closed sales.  Much better activity last year with considerably more inventory to work with.

Hobe Sound FL 33455 Condo Market Report December 2015

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Hobe Sound FL 33455 Condo Market Report December 2015