Stuart FL 34997 Residential Market Report September 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for September 2015

There are currently 277 active listings (Increased by 30 homes from August).

174 Residential sales are pending and awaiting close or lender approval (Increased by 19 homes from August).

81 Homes Sold in September (Increased by 2 homes from August)

The Stuart Florida Residential Market for ZIP Code 34997 remains one of the strongest local markets. For September we had a very welcome increase in inventory that should help maintain strong sales numbers for the foreseeable future.

The current one month absorption rate increased slightly to 3.4 months (was 3.1 months for August). Most of this increase is due to the stronger inventory numbers and we still remain in a very strong seller’s market for the 34997 zip code area of Stuart, FL. Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

The 2014 numbers for September, were: 351 active listings, 154 pending listings and 87 closed sales. With the reduced inventory of this year, we are starting to fall behind as compared to last year’s inventory.

Stuart FL 34997 Residential Market Report September 2015

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Stuart FL 34997 Residential Market Report September 2015

Stuart FL 34996 Condo Market Report September 2015

10.12.15 by Gabe Sanders

Stuart FL 34996 Condo Market Report September 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for September 2015

For September 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 76 active condo listings (Down by 2 condos last month).

41 Condo sales are pending and awaiting close or lender approval (Decreased by 12 condos from August).

29 Condos Sold in September (Increased by 9 condos from August)

The Stuart FL 34996 Condo Market is bucking the trend for the off season with increased activity for September. As we head into the off season for condo sales, this segment of the Stuart condo market has seen some very strong activity, though the greatly reduced active inventory is cause for some serious concern. This will impact future numbers if we don’t see more units come on the market soon.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 plunged to 2.6 months from August’s 3.9 months. Continuing as a very strong sellers market. A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for September 2014 were: 147 active listings, 37 pending sales and 28 closed sales. Stronger activity this year as compared to last with significantly less inventory.

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Stuart FL 34996 Condo Market Report September 2015

Updated Windjammer Condo Sold

10.11.15 by Gabe Sanders

Updated Windjammer Condo Sold

This condo with a deeded dock has been sold by the Gabe Sanders real estate team fro $139,000. We represented the buyers who contacted us from the Internet because of our extensive knowledge of waterfront and boating properties in the Stuart FL area.

A wonderful first floor completely updated 2 bedroom and 2 bathroom garden condo amid the lush tropical landscaping of the Windjammer Condominium Complex in Stuart FL. The kitchen is a chef’s dream with stainless appliances and granite counter-tops, offering extensive food-prep area. The open kitchen to living room floor plan is perfect for entertaining. The master bathroom has an over-sized walk-in shower with double sinks and granite counters. Even the guest bathroom has renovated flooring.

The Windjammer condo complex offers three pools, with one heated pool directly outside the lanai of this condo. Located directly on the South Fork of the St. Lucie River, this 55+ community offers a blend of waterfront activities and lifestyle. Enjoy Florida sunsets over the waterway.

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Updated Windjammer Condo Sold

Now Pending Vacant Land in Rocky Point

10.07.15 by Gabe Sanders

Now Pending Vacant Land in Rocky Point

It only took 2 days for an accepted contract for this vacant lot in Rocky Point that was listed at $99,000.

Just one look and you’ll know this is the perfect spot for your dream home. This lot is cleared and ready for building with city water and sewer are ready to be hooked up. No HOA or other subdivision restrictions. Fantastic location for the fisherman as this lot is close to numerous marinas, boat ramps and the inlet is just minutes away. Close to restaurants, shopping and all the wonderful amenities available in Stuart, FL.

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Now Pending Vacant Land in Rocky Point

Hobe Sound FL 33455 Condo Market Report August 2015

09.24.15 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report August 2015

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

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

There are currently 2 active condo listings. (Down by 1 condos from July)

4 Condos are pending and awaiting close. (Down by 2 condos from July)

3 Condos sold in July (Increased by 2 condos from July)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. We are down to only 2 active listings in the Hobe Sound. Never before so low in modern times. Yet, the sales and pending activity continue to be quite robust for the available units.

The current absorption rate is .67 months (Last month it was 3 months). A first for us as I have never seen an absorption rate under one month in Martin County. 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 reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The August 2014 numbers were: 18 active listings, 1 pending sales and 2 closed sales. Amazing that the activity is so much better this year with almost no inventory to speak of.

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Hobe Sound FL 33455 Condo Market Report August 2015

Hobe Sound FL 33455 Residential Market Report August 2015

09.23.15 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report August 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for August 2015

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

There are currently 149 active listings. (Down by 14 homes from July)

84 Residential sales are pending and awaiting close (Down by 6 homes from July)

34 Homes Sold in August (Down by 21 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County remains very strong even if activity has eased a bit for the past couple of months. Of great concern to me is the greatly reduced inventory of available Hobe Sound homes for sale. Buyers have a limited choice of available homes. Anyone considering a move in the near future in Hobe Sound, please give me a call as you have some quite exciting options.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased to 4.4 months (3 months in July). Hobe Sound is still a seller’s market as we slow in activity for the off-season. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for August 2014 were: 242 active listings, 60 pending sales and 49 closed sales. Better closed activity last year while our pending sales are better for this year. All this with an inventory that is almost half of last year. Quite impressive!

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Rental Properties

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Hobe Sound FL 33455 Residential Market Report August 2015

Jensen Beach FL 34957 Condo Market Report August 2015

09.22.15 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report August 2015

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for August 2015

For August 2015 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 22 active listings. (Decreased by 3 condos from July)

13 Condo sales are pending and awaiting settlement. (Unchanged from July)

5 Condos Sold (Increased by 2 condos from July)

Jensen Beach FL 34957 Condo Market Report August 2015

The Jensen Beach FL 34957 Condo Market Report August 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic. Inventory levels are now at historic lows and unless we get some more condos on the market, I suspect this will be a quiet fall and early winter for the Jensen Beach condo market.

The one month absorption rate for the August 2015, Jensen Beach Florida Market Report ZIP Code 34957 plunged to 4.4 months (from 8.3 months in July), back into a sellers’ market after after a one month buyers’ market. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The August 2014 numbers were: 26 active listings, 16 pending sales and 3 condos closed. Better closed numbers for this year, though pending sales were better last year.

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Jensen Beach FL 34957 Condo Market Report August 2015

Jensen Beach FL 34957 Residential Market Report August 2015

09.21.15 by Gabe Sanders

Jensen Beach FL 34957 Residential Market Report August 2015

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for August 2015

For August 2015 in the 34957 Zip Code area of Jensen Beach, Florida :

There are currently 108 active listings. (Up by 9 homes from last month)

77 Residential sales are pending and awaiting close or lender approval. (Down by 8 homes from July)

30 Homes Sold (Decreased by 5 homes from July)

The Jensen Beach FL 34957 Residential Market eased for the second month in a row, yet this is still very much of a sellers market. We’ve had two months of increasing inventory which is good news for buyers and the general health of this market. Going into the holiday months, I expect sales activity to decrease until we get into our next season.

The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 3.9 months (was 3.1 months in July). Remaining in a strong sellers market for Jensen Beach residential home sales. A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.

The August 2014 numbers were: 104 active listings, 74 pending sales and 29 home sales closed. Much less pending activity as compared to last year and similar closed activity. Inventory is greater this year which is very unusual for our market at this time.

Jensen Beach FL 34957 Residential Market Report August 2015

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Jensen Beach FL 34957 Residential Market Report August 2015

Palm City FL 34990 Condo Market Report August 2015

09.20.15 by Gabe Sanders

Palm City FL 34990 Condo Market Report August 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for August 2015

For August 2015 in the 34990 Zip Code area of Palm City, Florida :

There are currently 52 active condo listings. (Down by 8 condos from July)

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

4 Condos Sold in August. (Down by 2 condos from July)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. Last month’s rebound in the inventory was wiped out in August. So we’re back to small numbers of available condos, though that didn;t do very much for the number of closed sales which was off for the month.

The current absorption rate for condos in the 34990 zip code area jumped to 13 months (was 10 months in August). Now a strong buyer’s 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 2014 numbers were: 60 active listings, 4 pending sales and 4 closed sales. Very similar activity levels as compared to last year with the exception of double the number of pending sales this year.

Palm City FL 34990 Condo Market Report August 2015

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Palm City FL 34990 Condo Market Report August 2015

Palm City FL 34990 Residential Market Report August 2015

09.19.15 by Gabe Sanders

Palm City FL 34990 Residential Market Report August 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for August 2015

For August 2015 in the 34990 Zip Code area of Palm City Florida :

There are currently 355 active listings (Decreased by 8 homes from July)

155 Residential sales are pending and awaiting close or lender approval. (Decreased by 7 homes from last month)

74 Homes Sold in July (Increased by 3 sold homes from July)

After a very strong July, the Palm City FL 34990 residential real estate market continues to show strong sales activity while the inventory of available homes for sale continues to decrease. Prices continue their steady march higher so we’ll see if this is enough of an incentive to make potential sellers put their homes on the market in the coming months. Though, I don’t anticipate any large movement until the end of the holiday season.

The current absorption rate decreased slightly to to 4.8 months from 5.1 months in July. Still a sellers’ market for the Palm City zip code 34990 area for residential sales. A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The August 2014 numbers were: 436 active listings, 145 pending sales and 76 closed sales. Considering how much smaller inventory there is this year as compared to last, our market activity is better overall than it was in 2014.

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Commercial Properties for Sale in Palm City, Florida Between $0 – $1,300,000

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Palm City FL 34990 Residential Market Report August 2015

Stuart FL 34997 Condo Market Report August 2015

09.18.15 by Gabe Sanders

Stuart FL 34997 Condo Market Report August 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for August 2015

For August 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 46 active condo listings (Up by 8 condos from July).

18 Condo sales are pending and awaiting close or lender approval (Increased by 6 condos from July).

6 Condos Sold in August (Decreased by 4 condos from July).

The Stuart FL condo market for zip code 34997 slowed for the second month n a row. While not totally unexpected as we head into the off season for condo sales, this was a fairly large decrease, especially when compared to the other zip codes we track for the Stuart condo market.

The one month absorption rate increased to 7.7 months from 3.8 months for July. Big decrease into a buyers’ market. Though I feel this will only be a temporary one. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The August 2014 numbers were: 55 active listings, 27 pending sales and 14 closed sales. Better activity in 2014 for the 34997 zip code of Stuart for condo sales.

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for August 2015

Stuart FL 34997 Residential Market Report August 2015

09.17.15 by Gabe Sanders

Stuart FL 34997 Residential Market Report August 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for August 2015

There are currently 247 active listings (Increased by 15 homes from July).

174 Residential sales are pending and awaiting close or lender approval (Decreased by 16 homes from July).

79 Homes Sold in August (Decreased by 4 homes from July)

The Stuart Florida Residential Market for ZIP Code 34997 remains one of the strongest local markets. The good news is that the inventory actually rose this month after many, many months of declines. Activity did slow some, but this is still a super hot segment and still a sellers market.

The current one month absorption rate increased to 3.1 months (was 2.8 months for July). Remaining in a very strong seller’s market for the 34997 zip code area of Stuart, FL. Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

The 2014 numbers for August, were: 351 active listings, 171 pending listings and 95 closed sales. With the reduced inventory of this year, we are starting to fall behind as compared to last year’s inventory.

Stuart FL 34997 Residential Market Report August 2015

Search here for 34997 Zip Code of Stuart FL real estate for sale

Stuart Florida Real Estate presented by:
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Stuart FL 34997 Residential Market Report August 2015

Stuart FL 34996 Condo Market Report August 2015

09.16.15 by Gabe Sanders

Stuart FL 34996 Condo Market Report August 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for August 2015

For August 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 78 active condo listings (Down by 14 condos last month).

53 Condo sales are pending and awaiting close or lender approval (Increased by 11 condos from July).

20 Condos Sold in August (Increased by 4 condos from July)

The Stuart FL 34996 Condo Market is bucking the trend for the off season with increased activity for August. Both closed and pending sales increased while the level of inventory decreases to very low numbers. This level of activity will be unsustainable if the inventory doesn’t rise soon. This is good news for sellers as the prices continue to rise and demand seems to be strong.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 3.9 months from July’s 5.8 months. Back into a strong sellers’ market. A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for August 2014 were: 149 active listings, 48 pending sales and 14 closed sales. Pretty impressive activity this year, with better volume of both sales and pending sales at just about half the available inventory.

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Stuart FL 34996 Condo Market Report August 2015

Hammock Creek September 2015 Market Update

09.04.15 by Gabe Sanders

Hammock Creek September 2015 Market Update

There are currently 8 homes actively listed in Hammock Creek in Palm City, Florida. Prices range from $379,900 to $674,900. The average list price is $533,575 at $156.28 per square foot of living area.

There are 4 homes currently under contract awaiting closing. The list prices range from $314,900 to $560,000 at an average list price is $424,975 which is equal to $146.87 per square foot of living area. These homes averaged 72 days from list date to being under contract.

In the past 12 months, 49 homes have sold in Hammock Creek. Sales prices ranged from $305,000 to $570,000 with an average sales price of $411,181 or $143.81 per square foot of living area. These homes went under contract in an average of 49 days and sold for 96% of lit price.

Hammock Creek is a lovely gated upscale neighborhood consisting of three separate sections, The Sanctuary, The Preserve, and The Estates. The community is centered around the Hammock Creek Golf Course, a Jack Nicklaus designed course. Homes in Hammock Creek consist of one and two stories with square footage ranging from 2000 to over 5000 square feet and prices starting in the low 300’s.Most of the homes sit on generous lots with a view of either the lake, preserve, or golf course.

There are wide paver sidewalks ideal for families who enjoy biking, walking, and jogging. Close to fine shopping, nice restaurants, immediate access to I-95 and the turnpike, and A Rated Palm City schools makes Hammock Creek one of Martin County’s premier neighborhoods.

Low HOA fees ranging from approximately $260 to $390 per month depending on which section one resides .

Depending on which section of Hammock Creek you are in HOA fees run from $285 to $485 per quarter. The ‘A’ rated Martin County schools that children from Hammock Creek attend are the Palm City elementary, Hidden Oaks middle and Martin County high schools.

Here are the currently available homes in Hammock Creek September 2015 Market Update

For any questions you may have about Hammock Creek September 2015 Market Update, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Hammock Creek September 2015 Market Update

Hobe Sound FL 33455 Condo Market Report July 2015

08.22.15 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report July 2015

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

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

There are currently 3 active condo listings. (Down by 5 condos from June)

6 Condos are pending and awaiting close. (Up by 4 condos from June)

1 Condos sold in June (Decreased by 5 condos from June)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. I may have to stop reporting on Hobe Sound condos if we don’t get more inventory in the next few months. We are down now to only 3 active listings. This is the lowest inventory I’ve ever seen in Hobe Sound or any other segment of the Martin County real estate market since we’ve been looking at the data.

The current absorption rate is 3 months (Last month it was 1.3 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 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 July 2014 numbers were: 17 active listings, 4 pending sales and 2 closed sales. Better closed activity last year, but we still have more pending sales this year.

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Hobe Sound FL 33455 Condo Market Report July 2015

Hobe Sound FL 33455 Residential Market Report July 2015

08.21.15 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report July 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for July 2015

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

There are currently 163 active listings. (Up by 13 homes from June)

90 Residential sales are pending and awaiting close (Down by 29 homes from June)

55 Homes Sold in July (Down by 6 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County remains very strong. Both sales and pending sales retreated a bit from last month, but still remain very strong. The inventory took a slight increase from last month. This is a much needed statistic that will hopefully continue in the months ahead.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased to 3 months (2.5 months in June). Still a strong seller’s market for the Hobe Sound area of Martin County. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for July 2014 were: 237 active listings, 80 pending sales and 51 closed sales. Even with the significantly smaller inventory, sales activity is better than last year.