August 2014 Monthly Market Detail Florida Townhouses and Condos

09.25.14 by

August 2014 Monthly Market Detail Florida Townhouses and Condos

For the August 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida we’re seeing some disappointing numbers as compared to last year.  But, this is still an active market, just not as robust as it was last August.  Year to year closed sales were off by 8.8% as compared to last months decrease of 6.7% and new sales under contract (new pending sales) decreased by 13.1% (July’s decrease was 13.9%).

Both median and average sales prices were up (year to year) by 3.8% and .5% respectively (in July it was 7.4% and 2.6%). Prices rose very rapidly last year and continue to go up this year though at a much more sustainable rate.  The reduced rate of appreciation should bring some more skittish buyers back into the market.

Inventory rose for the eleventh month in a row, by 8.9% (was up by 10.9% in July).  While the August 2014 numbers show a marked decrease in activity levels this is still a seller’s market as there is currently a 5.7 months supply of inventory (was 5.7 months in July) which is up 10.9% from last year.  A 6 months inventory supply is considered a balanced market.

Florida Townhouse and Condo August 2014

 

Click on the link below or the graphic to see the full market detail report from Florida Realtors:  Click here to view or download the full report:  August 2014 Monthly Market Detail Florida 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 2014 Monthly Market Detail Florida Townhouses and Condos

August 2014 Monthly Market Detail Florida Single Family Homes

09.24.14 by

August 2014 Monthly Market Detail Florida Single Family Homes

The August 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors continues to improve though at a much reduced rate from last year.  Year to year closed sales were up by 4.2% (was up by 5% in July) and new sales under contract (new pending sales) increased by 3% (was up by 2.3% in July).

Both median and average sales prices continue to rise ( August 2013 to August 2014) by 3.4% and 4.3% respectively, compared to July’s 3.6% and 4.1%.   A much more reasonable rate of appreciation than last year’s large double digit rises.

The inventory of available homes for sale rose by 13% from last year.  This is now the eleventh month of increased inventory.  This increase is a direct result of rising prices as many home sellers have been waiting on the side lines for improved values.  This increase in inventory makes for greater choices and more price competition among sellers. With only a 5.5 months supply of inventory, this is a healthy market with a slight edge to sellers. (August of 2013 had a 5.1 month supply)Florida Single Family August 2014

Click here to view or download the full report:
August 2014 Monthly Market Detail Florida 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 2014 Monthly Market Detail Florida Single Family Homes

Hobe Sound FL 33455 Condo Market Report August 2014

09.23.14 by

Hobe Sound FL 33455 Condo Market Report August 2014

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for August 2014

 

For August 2014 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 18 active condo listings. (Up by 1 condo from July)

Hobe Sound FL 33455 Condo Market Report August 2014

1 Condo sale is pending and awaiting close. (Down 3 condos from July)

Hobe Sound FL 33455 Condo Market Report August 2014

2 Condos sold in July (Unchanged from July)

Hobe Sound FL 33455 Condo Market Report August 2014

 

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Unfortunately with only 1 pending sale, future activity could be quite weak.  No change in closed sales for August.

The current absorption rate is 9 months (Last month it was 8.5 months).  The statistics within this segment should be taken with a grain of salt, as small changes in activity make for very large changes on percentages that August not indicate 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 2013 numbers were:  14 active listings, 8 pending sales and 1 closed sales.  Pending sales were considerably stronger last year with a smaller inventory.

Hobe Sound FL 33455 Condo Market Report August 2014

 

Search here for Hobe Sound Florida Real Estate for Sale ( Condos)
Search for Martin County Real Estate

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report August 2014

 

Jensen Beach FL 34957 Condo Market Report August 2014

09.21.14 by

Jensen Beach FL 34957 Condo Market Report August 2014

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for August 2014

 

For August 2014 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 26 active listings. (Down 4 condos from July)

Jensen Beach FL 34957 Condo Market Report August 2014

16 Condo sales are pending and awaiting close or lender approval. (Increased by 3 condos from July)

Jensen Beach FL 34957 Condo Market Report August 2014

3 Condos Sold (Up by 1 condo from July)

Jensen Beach FL 34957 Condo Market Report August 2014

 The Jensen Beach FL 34957 Condo Market Report August 2014 remains a small sector as far as condos in Martin County. After a couple of months of inventory gains, the trend stopped with the third month of decreasing inventory in August.  Pending sales increased by 3 condos and closed sales were up by 1.  The increase in pending sales should result in some additional closed sales in the near future.

The one month absorption rate for the August 2014, Jensen Beach Florida Market Report ZIP Code 34957 decreased to 8.7 months (30 months in July), still a buyers market after an exceptionally active spring.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The August 2013 numbers were: 30 active listings, 17 pending sales and 12 condos closed.   It was a much stronger market for Jensen Beach condos in 2013.

Jensen Beach FL 34957 Condo Market Report August 2014

 

Search here for Jensen Beach Real Estate for Sale


Jensen Beach Florida Real Estate presented by:
Gabe Sanders

 

Jensen Beach FL 34957 Condo Market Report August 2014

Palm City FL 34990 Condo Market Report August 2014

09.19.14 by

Palm City FL 34990 Condo Market Report August 2014

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for August 2014

 

For August 2014 in the 34990 Zip Code area of Palm City, Florida :



There are currently 60 active condo listings. (Up by 1 condo from July)

Palm City FL 34990 Condo Market Report August 2014

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

Palm City FL 34990 Condo Market Report August 2014

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

Palm City FL 34990 Condo Market Report August 2014

The Palm City FL 34990 condo real estate market is a fairly small segment.  There was a nice increase in closed sales for August while the inventory was basically unchanged along with a drop in pending sales.

The current absorption rate for condos in the 34990 zip code area decreased to 15 months (was 59 months in July).   Still a strong buyers market.  A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
 
The August 2013 numbers were: 53 active listings, 10 pending sales and 0 closed sales.   Better activity this year with the exception of the pending numbers, which is not a good indicator for future activity.
Palm City FL 34990 Condo Market Report August 2014 
 

Search here for Palm City Florida Real Estate for Sale ( Condos)
Search for Martin County Real Estate

Palm City Florida Real Estate presented by:
Gabe Sanders

 

Palm City FL 34990 Condo Market Report August 2014

Martin County Emergency Notification System – CodeRED

09.18.14 by

Martin County Emergency Notification System – CodeRED

Martin County residents have a new way of being notified of any emergencies in the area named Code Red. 

CodeRedHere’s the information from the Martin County web site:

NEW EMERGENCY NOTIFICATION SYSTEM AVAILABLE TO THE PUBLIC

Martin County Fire Rescue is excited to announce a new public Emergency Notification system, called CodeRED. This allows Emergency Management personnel to send Public Safety messages, evacuation notices, and other timely warnings, by phone, text, and/or email.  Citizens and businesses are encouraged to use a new Community Signup feature where they are able to associate landline phones, cellular phones, and email addresses with a Martin County street address.  CodeRED allows notifications as broad as all-county, and as narrow as targeted evacuation zones, or small neighborhoods threatened by wildfire, flooding and other public safety emergencies.

FREE WEATHER WARNINGS

Another feature of the CodeRED system is localized weather warnings.  Citizens and businesses opting into the system can receive severe weather and tornado warnings when issued by the National Weather Service affecting portions of Martin County.  With Weather Warnings, the public can receive timely information regarding these threats and react with protective actions, such as going indoors, sheltering, etc.  Signing up for the warnings is as easy as a few mouse clicks and the warnings are automatically generated.

To sign up for CodeRED notifications and allow phone, text, or email information for delivery of important Public Safety messages and/or severe weather warnings, click here to see terms and conditions, and to complete your signup.

FREQUENTLY ASKED QUESTIONS FOR CodeRED

SIGN UP HERE

Martin County Emergency Notification System – CodeRED

Stuart FL 34994 Residential Market Report August 2014

09.12.14 by

Stuart FL 34994 Residential Market Report August 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for August 2014

 

For August 2013 in the 34994 Zip Code area of Stuart, Florida:

There are currently 67 active listings (Decreased by 6 homes from July)

Stuart FL 34994 Residential Market Report August 2014

 

39 Residential sales are pending and awaiting close or lender approval (Up by 5 homes from July).

Stuart FL 34994 Residential Market Report August 2014

 

10 Homes Sold in August (Decreased by 5 homes from July)

Stuart FL 34994 Residential Market Report August 2014

 

August activity for the 34994 ZIP code area of the Stuart, Florida had a decrease in closed sales for August.  There was also a decrease in available inventory of homes for sale.  The one positive note is the increase in pending sales.  A sign for better activity in the near future.

The one month absorption rate for the 34994 zip code for August decreased to 6.7 months from last months 4.9 months.  For August we are back into a balanced market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The August 2013 numbers were 59 Active Listings, 33 pending sales and 8 closed sales.   Considerably improved activity for this year.

Stuart FL 34994 Residential Market Report August 2014

 

Stuart, FL Real Estate

Rental Properties

Condominium Properties

Vacant Land Properties

Commercial Properties

Residential Properties

 

 

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Stuart Florida Market Report ZIP Code 34994 Residential August 2014

South Fork Estates Market Update for September 2014

09.09.14 by

South Fork Estates Market Update for September 2014

There are currently two homes for sale in South Fork Estates in Stuart FL.  The listing prices are $339,900 and $349,000 which equate to $170.98 per sq. ft. of living area.

There is one home under contract.  The list price was $319,900 which is equal to $142.24 per sq. ft. of living area.  This is a conventional sale.

In the past 12 months, there have been 2 sales in South Fork Estates.  Sales prices ranged from $275,000 to $299,900.  The average sales price per square foot of living area was $140.52 and this represents an 89% sales to list price ratio.  Neither of these sales were distressed properties.

Aerial of South Fork Estates in Stuart FL
A unique private community in Stuart, Florida built before land was so expensive that homes had to be placed on top of each other.  All home in South Fork Estates are on 1/2 acre or larger lots, many with serene views of two large lakes located within this community.  Those homes not on the lakes have private preserve views of the Atlantic Ridge.  

Home in South Fork Estates in Stuart FL
There are 114 homes in South Fork Estates.  Homes were built from 1992 through as late as 2011.  The majority of the homes are in the 1998 through 2005 years.  Most homes are either 3 or 4 bedrooms with 2 and 3 car garages, ranging in size from around 2,000 sq. ft. of living area to over 3,500.  There are still a few residential lots that are vacant awaiting a home.

Lake in South Fork Estates in Stuart FL

This is a close-knit community with a playground as well as a boat and RV storage area.  Low Homeowners’ association fees of under $50 per month at the time of this writing.

Home in South Fork Estates in Stuart FL

Children living in South Fork Estates attend Crystal Lake Elementary, David L Anderson Middle and South Fork High Schools.  

Pool View from South Fork Estates in Stuart FL

Located just off Cove Rd. and Kanner Highways, this community is just minutes from I-95 for commuters.  Shopping and medical facilities are also close by.  And, there are numerous choices for boating access also only a short ride away.

South Fork Estates in Stuart FL - RV and Boat Lot

One of the hidden gems of the Stuart area, South Fork Estates id a great community to call home.

Here are the currently available homes for sale in South Fork Estates

Search for Martin County Real Estate

South Fork Estates Market Update for September 2014

September 2014 Market Update for Martins Crossing

09.08.14 by

September 2014 Market Update for Martins Crossing

There are currently 10 homes for sale in Martins Crossing.  Prices range from $158,000 to $379,000 for an average list price of $277,508 which is $122.03 per sq. ft. of living area.  None of the current listings are short sales or bank owned foreclosures.

There are nine homes under contract.  List prices range from $140,000 to $314,900 for an average of $208,155 at $110.71 per sq. ft. of living area.  Of these pending sales, one is a short sale.

In the past twelve months,31 homes have sold in Martins Crossing.  Sales prices ranged from $125,000 to $308,500 for an average of $209,900 which equates to $100.71 per sq. ft. of living area at a 96% sales to list price ratio.  Of these sales 6 were short sales and six were bank owned foreclosures.

Located in the intimate, yet vibrant, city of Stuart near a variety of fine restaurants, cultural outlets and shopping.  September 2014 Market Update for Martins Crossing, boasts of  596 residences with a stunning variety of single family homes and a section of private town homes. This family friendly community was completed around 2006 with mostly newer homes.

September 2014 Market Update for Martins Crossing community amenities include lush landscaping and with private preserve views,  The Martins Crossing Clubhouse has a sparkling resort style pool, and over sized deck, tennis courts and a playful tot lot all nearby.

September 2014 Market Update for Martins Crossing is conveniently located by Kanner Hwy. and Pomeroy Street for easy access to Historic Downtown Stuart, the beaches and waterways of Martin County, restaurants, shopping and quick access to I-95.  All this in a wonderful ‘A’ rated school system.

Search for Martins Crossing Homes for Sale

View all of our Listings

Stuart Florida Estate is presented by:

the Gabe Sanders real estate team

September 2014 Market Update for Martins Crossing

July 2014 Monthly Market Detail Martin County Townhouses and Condos

08.27.14 by

July 2014 Monthly Market Detail Martin County Townhouses and Condos

July 2014 Monthly Market Detail Martin County Townhouses and Condos was basically flat in terms of activity as compared to last year.  Year to year closed sales were unchanged (was up by 11.5% in June) as well as new sales under contract (new pending sales) also unchanged from July 2013 (was down 19.4% in June). 

The median sales price decreased by 10.5% (was up by 3.1% in June) while the average sales price decreased by 7.4% (was down 4.9% in June) as compared to July of 2013.  After nearly a year of pretty impressive price rises, values were off for the third month in a row indicating some weakness in this sector of the Martin County real estate market.

 The inventory of available townhouses and condos has decreased by 24 to 534 units from last month which is also 3.4% less inventory than was available in July of 2013.   The current supply of inventory is 5.3 months (a 3.4% decrease from last year).  While we are still in a seller’s market for condos and townhomes, the decreasing inventory as well as flat sales activity and value drops are of concern.

July 2014 Monthly Market Detail Martin County Townhouses and Condos

 

 Click here to view or download the full report:  July 2014 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.

July 2014 Monthly Market Detail Martin County Townhouses and Condos

July 2014 Monthly Market Detail Martin County Single Family Homes

08.26.14 by

July 2014 Monthly Market Detail Martin County Single Family Homes

The July 2014 Monthly Market Detail Martin County Single Family Homes showed continued strong market activity.  Martin County single family home sales exceeded the average in the state and continues to show excellent strength.  Year to year closed sales were up by 19.5% (was up only 19.6% in June). New pending sales increased by 21.1% as compared to July of 2013 (increased by 15.7% in June).  This continues strong trend that was not present at the beginning of the year.

The median sales price was up by 2.2% from last year (up by 13.7% in June) while the average price decreased by 2.9% (was up by 9.2% last month).  A moderating of price increases is a positive for future sales, keeping the rate of increase lower makes homes more affordable.

The inventory of available single family homes decreased from June 2014 by 97 homes to 1,294 units this month, this still represents a 20.6% increase from last July.  Current supply of inventory decreased to 6.6 months from last month’s 7.2 (a 7.8% increase from last year).  This market is in a slight advantage for buyers.

July 2014 Monthly Market Detail Martin County Single Family Homes

 

Click here to view or download the full report:  July 2014 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.

July 2014 Monthly Market Detail Martin County Single Family Homes

July 2014 Monthly Market Detail Florida Townhouses and Condos

08.25.14 by

July 2014 Monthly Market Detail Florida Townhouses and Condos

For the July 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida showed less activity as compared to last year as well as last month.  Year to year closed sales were off by 6.7% as compared to last months increase of 3.1% and new sales under contract (new pending sales) decreased by 13.9% (June’s decrease was 9%).

Both median and average sales prices were up (year to year) by 7.4% and 2.6% respectively (in June it was 8.5% and 5.8%). Prices rose very rapidly last year and continue to go up this year at a reduced pace.  One reason for the reduced activity is the fact that these properties are considerably more expensive than they have been in the recent past.

Inventory rose for the tenth month in a row, by 10.9% (was up by 13.4% in June).  While the July 2014 numbers show a marked decrease in activity levels this is still a seller’s market as there is currently a 5.7 months supply of inventory (was 5.8 months in June) which is up 11.2% from last year.  A 6 months inventory supply is considered a balanced market.

July 2014 Monthly Market Detail Florida Townhouses and Condos

 

Click on the link below or the graphic to see the full market detail report from Florida Realtors:  Click here to view or download the full report:  July 2014 Monthly Market Detail Florida 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.

July 2014 Monthly Market Detail Florida Townhouses and Condos

July 2014 Monthly Market Detail Florida Single Family Homes

08.24.14 by

July 2014 Monthly Market Detail Florida Single Family Homes

The July 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors continues with improving market results, though at a bit of a slower rate than last month.  Year to year closed sales were up by 5% (was up by 14.6% in June) and new sales under contract (new pending sales) increased by 2,3% (was down by 4.1% in June).

Both median and average sales prices continue to rise ( July 2013 to July 2014) by 3.6% and 4.1% respectively, compared to June’s 5.2% and 4.2%.   While still positive numbers, the rate of appreciation appears to be slowing.

The inventory of available homes for sale rose by 17.5% from last year.  This is now the tenth month of increased inventory.  This increase is a direct result of rising prices as many home sellers have been waiting on the side lines for improved values.  This increase in inventory makes for greater choices and more price competition among sellers. With only a 5.5 months supply of inventory, this is a healthy market with a slight edge to sellers. (2013 had a 5.0 month supply)

July 2014 Monthly Market Detail Florida Single Family Homes

 

Click here to view or download the full report:
July 2014 Monthly Market Detail Florida 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.

July 2014 Monthly Market Detail Florida Single Family Homes

Hobe Sound FL 33455 Condo Market Report July 2014

08.23.14 by

Hobe Sound FL 33455 Condo Market Report July 2014

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for July 2014

 

For July 2014 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 17 active condo listings. (Down by 1 condo from June)

Hobe Sound FL 33455 Condo Market Report July 2014

 

4 Condo sales are pending and awaiting close. (No change from June)

Hobe Sound FL 33455 Condo Market Report July 2014

 

2 Condos sold in June (Unchanged from June)

Hobe Sound FL 33455 Condo Market Report July 2014

 

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Now only 17 available condos listed and both pending and closed sales were steady at two condos apiece.

The current absorption rate is 8.5 months (Last month it was 9 months).  The statistics within this segment should be taken with a grain of salt, as small changes in activity make for very large changes on percentages that July not indicate 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 July 2013 numbers were:  16 active listings, 10 pending sales and 5 closed sales.  Unfortunately, this years activity is considerably worse than last year.

Hobe Sound FL 33455 Condo Market Report July 2014

 

Search here for Hobe Sound Florida Real Estate for Sale ( Condos)
Search for Martin County Real Estate

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report July 2014

 

Jensen Beach FL 34957 Condo Market Report July 2014

08.21.14 by

Jensen Beach FL 34957 Condo Market Report July 2014

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for July 2014

 

For July 2014 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 30 active listings. (Down 1 condo from June)

Jensen Beach FL 34957 Condo Market Report July 2014

 

13 Condo sales are pending and awaiting close or lender approval. (Increased by 3 condos from June)

Jensen Beach FL 34957 Condo Market Report July 2014

 

1 Condos Sold (Down by 2 condos from June)

Jensen Beach FL 34957 Condo Market Report July 2014

 

 The Jensen Beach FL 34957 Condo Market Report July 2014 remains a small sector as far as condos in Martin County. After a couple of months of inventory gains, the trend stopped in June’s and available condos for sale remained unchanged for the month and dropped by one for July.  Pending sales increased by 3 condos and closed sales were off to only 1.  The increase in pending sales should result in some additional closed sales in the near future.

The one month absorption rate for the July 2014, Jensen Beach Florida Market Report ZIP Code 34957 rose to 30 months (10.3 months in June), back into a buyers market after an exceptionally active spring.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The July 2013 numbers were: 31 active listings, 19 pending sales and 9 condos closed.   Pretty dismal July 2014 when compared to last year.

Jensen Beach FL 34957 Condo Market Report July 2014

 

Search here for Jensen Beach Real Estate for Sale


Jensen Beach Florida Real Estate presented by:
Gabe Sanders

 

Jensen Beach FL 34957 Condo Market Report July 2014

Palm City FL 34990 Condo Market Report July 2014

08.19.14 by

Palm City FL 34990 Condo Market Report July 2014

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for July 2014

 

For July 2014 in the 34990 Zip Code area of Palm City, Florida :



There are currently 59 active condo listings. (Up by 3 condos from June)

Palm City FL 34990 Condo Market Report July 2014

 

6 Condo sales are pending and awaiting close or lender approval. (Increased by 1 condo from last month)

Palm City FL 34990 Condo Market Report July 2014

 

1 Condos Sold in July. (Down by 2 condos from June)

Palm City FL 34990 Condo Market Report July 2014
 

The Palm City FL 34990 condo real estate market continues to struggle with weak numbers.  The inventory rose again while closed sales declined to a single sale for July.  Pending sales improved by one unit, though it’s still a anemic number.  The Palm City condo market is quite small and inferences into the more general condo market should not be made.

The current absorption rate for condos in the 34990 zip code area rose to 59 months (was 18.7 months in June).   A strong buyers market.  A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
 
The July 2013 numbers were: 54 active listings, 9 pending sales and 6 closed sales.   Considerably better activity in 2013 as compared to this July.
 
Palm City FL 34990 Condo Market Report July 2014
 

Search here for Palm City Florida Real Estate for Sale ( Condos)
Search for Martin County Real Estate

Palm City Florida Real Estate presented by:
Gabe Sanders

 

Palm City FL 34990 Condo Market Report July 2014

Suntide Condo on Hutchinson Island Sold

08.18.14 by

Suntide Condo on Hutchinson Island Sold

You may have waited a bit too long for this condo in Suntide on Hutchinson Island in Stuart FL.  It sold for $183,000 on Friday August 15 2014.

Great opportunity for this Suntide Condo on Hutchinson Island in Stuart.  Fully furnished with an updated kitchen, ocean front condo in Martin County’s prime Hutchinson Island location and building. Spacious 2 bedroom split plan with everything one needs for a full-time home or that special Florida tropical retreat. Suntide includes private beach access, heated pool, tennis courts, shuffleboard, wash area, newly renovated clubhouse with billiards, card table, fully equipped kitchen, bar, library and entertaining area as well as a profession fitness center. Under building secured parking. This well-appointed condo is ready for immediate occupancy.
Suntide is the first condo complexes north of the Stuart Causeway on Hutchinson Island in Martin County.   Constructed originally in 1972, it retains much of the original and unique architecture of the times, yet boasts terrific amenities and at a much more reasonable price than much of the competition.  Please call and ask about Suntide.

Suntide Condo on Hutchinson Island Sold

Stuart Florida Real Estate presented by
the Gabe Sanders real estate team

Stuart FL 34994 Residential Market Report July 2014

08.12.14 by

Stuart FL 34994 Residential Market Report July 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for July 2014

 

For July 2013 in the 34994 Zip Code area of Stuart, Florida:

There are currently 73 active listings (Increased by 2 homes from June)

Stuart FL 34994 Residential Market Report July 2014

 

34 Residential sales are pending and awaiting close or lender approval (No change from June).

Stuart FL 34994 Residential Market Report July 2014

 

15 Homes Sold in July (Increased by 2 homes from June)

Stuart FL 34994 Residential Market Report July 2014

 

July activity for the 34994 ZIP code area of the Stuart, Florida showed continued positive results with increased closed sales.  There was a small increase in inventory, which will hopefuly continue as a greater number of available homes for sale will give prospective buyers more of a selection.

The one month absorption rate for the 34994 zip code for July decreased to 4.9 months from last months 5.5 months.  July was a strong sellers market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The July 2013 numbers were 55 Active Listings, 29 pending sales and 15 closed sales.   Very similar sales figures for this year, however there was considerably less inventory for the same results for last year.

Stuart FL 34994 Residential Market Report July 2014

 

Stuart, FL Real Estate

Rental Properties

Condominium Properties

Vacant Land Properties

Commercial Properties

Residential Properties

 

 

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Stuart Florida Market Report ZIP Code 34994 Residential July 2014

Palm Cove Golf and Yacht Club August 2014 Market Update

08.08.14 by

Palm Cove Golf and Yacht Club August 2014 Market Update

There are currently 13 homes actively listed in Palm Cove Yacht and Golf Cub for August 2014 in Palm City, Florida.  List prices range from a low of $319,000 to the highest which is a waterfront home for $2,375,000.  The average list price is $734,661 at $184.55 per square foot of living area. This group includes one short sale. There are no bank owned foreclosures

There are two homes under contract awaiting closing.  The list prices are $339,900 and $369,900 which equates to $166.04 per square foot of living area. Neither of these homes is a distressed property.

In the past 12 months, 19 homes have sold in Palm Cove Yacht and Golf Cub with an average sales price of $513,205 at $68.49 per square foot of living area.  The lowest sales price was $330,000 while the highest was $649,000. Of these sales, one was a short sale.  There were no foreclosures.

 

The Palm Cove Golf and Yacht Club in Palm City Florida include 206 residences, ranging from spacious condos with garages to townhomes, fairway homes to multimillion dollar waterfront homes on the shores of the north fork of the wide Saint Lucie River.

 

This magnificent community boasts a championship Chi Chi Rodrigues designed golf course. Memberships are available to both residents and non-residents and membership is not mandatory.  In addition to golf, boaters enjoy a 93 slip deep water marina with docks available for over 50’ vessels.

 

There’s a magnificent club house located riverside by the marina.  Residents enjoy 24 hour security from the manned gated entrance.  The Palm Cove Golf and Yacht Club is separated into two main sections.  Fairway homes are on the south side of Mapp Road with the entrance across the main entrance to Palm Cove and is controlled by remote from the main security gate.

 

In the main section, are the estate homes, townhomes at Island Creek as well as the condos at ‘the Links’.   Homes range from 1500 sq. ft. townhomes with 2 bedrooms, 2 bathrooms, and 2 car garages all the way up to 6,000 sq. ft. plus waterfront residences with 5 bedrooms, office, 6 and ½ bathrooms and 3 car garages.  Homeowner (HOA) fees vary from section to section.  The estate homes run approximately $450 per month, while in the fairways section they are around $550 per month, but include landscaping.  For a complete list of fees, please give us a call.

 

Palm Cove families enjoy a quiet secluded lifestyle yet are close to shopping, restaurants and the beaches of Martin County.  Children attend an ‘A’ rated Martin County school system to the following schools:  Bessey Creek Elementary, Hidden Oaks Middle and Martin County High.

Currently, these homes are available for sale in the Palm Cove Golf and Yacht Club

 

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

Palm City Florida Real Estate

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

Palm Cove Golf and Yacht Club August 2014 Market Update

The Yacht and Country Club of Stuart August 2014 Market Report

08.06.14 by

The Yacht and Country Club of Stuart August 2014 Market Report

August 2014 Market Update:

There are 15 homes currently for sale in the Yacht and Country Club of Stuart.  Listing prices are from $198,000 to $760,000.  (Average of $151.36 per square foot of living area)

There are currently 7 homes under contract ranging in listing price from $230,000 to $595,000. One of these homes is a short sale.  (Average of $158.65 per square foot of living area)

32 homes have sold in the past 12 months.  Ranging in sales price from $127,000 to $779,000. Two of these homes were short sales and two were bank owned foreclosures.  (the average sales price was $291.551 or $122.57 per sq. ft. of living area).


The Yacht and Country Club of Stuart, Florida Golf Course

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

The Yacht and Country Club of Stuart, Florida Clubhouse

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

The Yacht and Country Club of Stuart, Florida Canal

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

The Yacht and Country Club of Stuart, Florida Homes

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

The Yacht and Country Club of Stuart, Florida Homes

Truly a wonderful place to call home.

 

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

The Yacht and Country Club of Stuart August 2014 Market Report