Palm City FL 34990 Residential Market Report July 2015

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

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

There are currently 363 active listings (Increased by 5 homes from June)

162 Residential sales are pending and awaiting close or lender approval. (Decreased by 1 homes from last month)

71 Homes Sold in June (Decreased by 57 sold homes from June)

After a very strong June, the Palm City FL 34990 residential real estate market eased a bit for July. Though still excellent activity and one that is far more sustainable for the future. Of interest, is the small rise in inventory. Hopefully this will continue for the coming months.

The current absorption rate jumped up to 5.1 months from 2.8 months in June. Still a slight 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 July 2014 numbers were: 432 active listings, 148 pending sales and 73 closed sales. Better pending sales and almost identical closed sales with a considerably reduced inventory. Makes 2015 a better market than last year for Palm City.

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Palm City FL 34990 Residential Market Report July 2015

Stuart FL 34997 Condo Market Report July 2015

08.16.15 by Gabe Sanders

Stuart FL 34997 Condo Market Report July 2015

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

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

There are currently 38 active condo listings (Up by 3 condos from June).

12 Condo sales are pending and awaiting close or lender approval (Decreased by 7 condos from June).

10 Condos Sold in July (Decreased by 7 condos from June).

The Stuart FL condo market for zip code 34997 showed reduced closed and pending sales. This was expected as we head into the slower summer months and also with such a low amount of available condos currently for sale.

The one month absorption rate increased to 3.8 months from 2 months for June. Continuing as a strong seller’s market for now, though as we get into summer I expect this extreme market to ease up a bit. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The July 2014 numbers were: 61 active listings, 28 pending sales and 21 closed sales. Our sales numbers are down compared to last year, but our inventory is only a little half of what it was last year as well.

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

Stuart FL 34997 Residential Market Report July 2015

08.15.15 by Gabe Sanders

Stuart FL 34997 Residential Market Report July 2015

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

There are currently 232 active listings (Decreased by 25 homes from June).

190 Residential sales are pending and awaiting close or lender approval (Decreased by 10 homes from June).

83 Homes Sold in July (Decreased by 30 homes from June)

The Stuart Florida Residential Market for ZIP Code 34997 continues as the best performing segment of the Stuart residential market. Both closed and pending sales are doing well, though as the inventory shrinks, the sales volume can’t keep up with the torrid pace set from last month.

The current one month absorption rate increased to 2.8 months (was 2.3 months for June). 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 July, were: 362 active listings, 189 pending listings and 78 closed sales. Even with an inventory that is over 33% less than last year, closed and pending sales are still better for 2015. Our strongest local market.

Stuart FL 34997 Residential Market Report July 2015

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Stuart FL 34997 Residential Market Report July 2015

Stuart FL 34996 Condo Market Report July 2015

08.14.15 by Gabe Sanders

Stuart FL 34996 Condo Market Report July 2015

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

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

There are currently 92 active condo listings (Down by 10 condos last month).

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

16 Condos Sold in July (Decreased by 10 condos from June)

The Stuart FL 34996 Condo Market moderated a bit for July. Closed sales were down from the previous month and unfortunately the inventory continues to drop. Surprisingly there was a large jump in pending sales which is a good indication for continued strong activity for the remainder of the summer..

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

The numbers for July 2014 were: 143 active listings, 45 pending sales and 11 closed sales. Better activity this year even though our inventory is significantly lower than it was in July of 2014.

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Stuart FL 34996 Condo Market Report July 2015

Another River Pines Town Home Stuart FL Under Contract

07.30.15 by Gabe Sanders

Another River Pines Town Home Stuart FL Under Contract

5914 SE Riverboat Drive in River Pines in Stuart, FL has gone under contract through the efforts of the Gabe Sanders BlueWater realty team. This updated town home was listed for $134,900 and we will report on the sale price once the sale has been completed.

New! New! New! New kitchen with real wood cabinets! New solid slab custom granite counter tops! New stainless steel quality Whirlpool appliances! New wood laminate flooring in bedrooms and living room + new stone style tile in kitchen & baths! New custom wood baseboards! New vanities and counter tops in bathrooms! New electric outlets throughout entire home! New water heater & water lines! New fans!

Large fenced courtyard with shed in the waterfront community of River Pines located adjacent to the Intracoastal Waterway and the Saint Lucie Inlet. Easy access to the community pool, tennis and racquetball courts, kayak launch as well as all the amenities of the manatee pocket such as great restaurants and marinas. Golf, tennis and social memberships also available for the Miles Grant country club across the street. Enjoy this true “hideaway” in the quaint fishing village known as Port Salerno.

Located just off the Intracoastal Waterway off of Cove Road in Stuart is the River Pines community. 396 private residences in quad style town-homes. This community was built in 1981 and 1982 and all homes are 1288 sq. ft. of living area with 2 bedrooms and 2 and ½ baths. There are large private courtyards for each home, some of which the residents have enclosed for added living area.

Only a short walk or bike ride to the Saint Lucie River with access for kayak launch. Boat ramps also nearby. All ages are welcome and 2 small pets are permitted. Each home has 2 reserved parking spots with additional guest parking. Amenities include 2 Community pools, tennis courts and racquetball/handball courts. There’s also a private preserve adjacent to the Intracoastal available exclusively for residents use.

A very well run community with excellent financials. Residents have the option of joining the Miles Grant golf club (just across the street).

As of July, 2015 HOA fees were $160 per month.

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Another River Pines Town Home Stuart FL Under Contract

Hobe Sound FL 33455 Condo Market Report June 2015

07.22.15 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report June 2015

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

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

There are currently 8 active condo listings. (Down by 1 condos from May)

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

6 Condos sold in May (Increased by 5 condos from May)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. We are down to only 8 active listings in Hobe Sound for June. So not much in the way of expectations for the immediate future until more condos come on the market for sale.

The current absorption rate is 1.3 months (Last month it was 8 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 June 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 June 2014 numbers were: 18 active listings, 4 pending sales and 2 closed sales. Hardly any available condos for sale in Hobe Sound but still better volume of sales this year as compared to last.

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Hobe Sound FL 33455 Condo Market Report June 2015

Hobe Sound FL 33455 Residential Market Report June 2015

07.21.15 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report June 2015

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

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

There are currently 150 active listings. (Down by 30 homes from May)

119 Residential sales are pending and awaiting close (Up by 6 homes from May)

61 Homes Sold in June (Down by 4 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues to set a torrid pace for sales. Though the continuing drop in available inventory will soon effect the volume of sales unless more product goes back on the market. Can’t sell it if it’s not available.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dipped to 2.5 months (2.8 months in May). Still an extreme 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 June 2014 were: 261 active listings, 95 pending sales and 40 closed sales. A very significant drop in inventory, yet the volume remains better than last year.

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Hobe Sound FL 33455 Residential Market Report June 2015

Jensen Beach FL 34957 Condo Market Report June 2015

07.20.15 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report June 2015

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

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

There are currently 31 active listings. (Increased by 1 condos from May)

11 Condo sales are pending and awaiting settlement. (Decreased by 1 condos from May)

5 Condos Sold (Decreased by 3 condos from May)

The Jensen Beach FL 34957 Condo Market Report June 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic. Activity dropped off from the past few months very hot market to just a very good market for Jensen Beach condos.

The one month absorption rate for the June 2015, Jensen Beach Florida Market Report ZIP Code 34957 rose to 6.2 months (from 3.8 months in May), back into a long awaited balanced market. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The June 2014 numbers were: 31 active listings, 10 pending sales and 3 condos closed. Marginally better activity this year, though with such small numbers a trend is difficult to determine for this market.

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Jensen Beach FL 34957 Condo Market Report June 2015

Jensen Beach FL 34957 Residential Market Report June 2015

07.19.15 by Gabe Sanders

Jensen Beach FL 34957 Residential Market Report June 2015

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

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

There are currently 119 active listings. (Down by 16 homes from last month)

90 Residential sales are pending and awaiting close or lender approval. (Down by 2 homes from May)

46 Homes Sold (Increased by 15 homes from May)

The Jensen Beach FL 34957 Residential Market resumed it’s torrid pace for the year after just a slight breather in May. Very strong activity in Jensen Beach residential sales.

The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 2.6 months (was 4.4 months in May). A very strong sellers market for Jensen Beach home sales but heading towards a balanced market. A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.

The June 2014 numbers were: 122 active listings, 62 pending sales and 25 home sales closed. Much better volume this year and encouragingly Jensen Beach inventory hasn’t declined as much as some other parts of Martin County.

Jensen Beach FL 34957 Residential Market Report June 2015

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Jensen Beach FL 34957 Residential Market Report June 2015

Palm City FL 34990 Condo Market Report June 2015

07.18.15 by Gabe Sanders

Palm City FL 34990 Condo Market Report June 2015

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

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

There are currently 51 active condo listings. (Down by 4 condos from May)

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

8 Condos Sold in June. (Up by 4 condos from May)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. Fairly positive activity for June of 2015 with improving closed sales and pending sales.

The current absorption rate for condos in the 34990 zip code area declined to 6.4 months (was 13.8 months in August). Sliding in the wrong direction for the Palm City condo 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 June 2014 numbers were: 56 active listings, 5 pending sales and 3 closed sales. Somewhat better volume for the 2015 palm City condo market.

Palm City FL 34990 Condo Market Report June 2015

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Palm City FL 34990 Condo Market Report June 2015

Palm City FL 34990 Residential Market Report June 2015

07.17.15 by Gabe Sanders

Palm City FL 34990 Residential Market Report June 2015

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

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

There are currently 358 active listings (Decreased by 3 homes from May)

163 Residential sales are pending and awaiting close or lender approval. (Decreased by 41 homes from last month)

128 Homes Sold in May (Increased by 28 sold homes from May)

After a very strong May, the Palm City FL 34990 residential real estate market came in with even more for June. Unfortunately the inventory has dropped to a point that future pending sales have decreased and I believe the volume of future closed sales will suffer unless we get more homes available on the market.

The current absorption rate dropped to 2.8 months from 3.6 months in May. An extreme 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 June 2014 numbers were: 444 active listings, 153 pending sales and 94 closed sales. Even with a greatly reduced inventory. Sales volume is much better for 2015.

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Palm City FL 34990 Residential Market Report June 2015

Stuart FL 34997 Condo Market Report June 2015

07.16.15 by Gabe Sanders

Stuart FL 34997 Condo Market Report June 2015

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

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

There are currently 35 active condo listings (Down by 10 condos from May).

19 Condo sales are pending and awaiting close or lender approval (Decreased by 2 condos from May).

17 Condos Sold in June (Decreased by 5 condos from May).

The Stuart FL condo market for zip code 34997 continues to outperform the rest of the County in the condo market. Though the inventory has dropped very significantly and this is reflecting on lower sales and pending sales volume.

The one month absorption rate remains the same as last month at 2 months. Continuing as an extreme seller’s market for now, though as we get into summer I expect this extreme market to ease up a bit. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The June 2014 numbers were: 67 active listings, 28 pending sales and 15 closed sales. The most dramatic statistic is that our current inventory of condos in the 34997 section of Stuart is just about 50% less than last year.

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

Stuart FL 34997 Residential Market Report June 2015

07.15.15 by Gabe Sanders

Stuart FL 34997 Residential Market Report June 2015

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

There are currently 257 active listings (Decreased by 22 homes from May).

200 Residential sales are pending and awaiting close or lender approval (Decreased by 25 homes from May).

113 Homes Sold in June (Increased by 22 homes from May)

The Stuart Florida Residential Market for ZIP Code 34997 continues to outperform most other Stuart FL areas in the single family real estate market. Our inventory took another major drop as sales are going faster than homeowners are willing to list on the market. Closed sales remain very strong, but the reduced inventory will soon result in a lower volume of closed sales as evidenced by the drop in pending sales.

The current one month absorption rate dropped to 2.3 months (was 3.1 months for May). Moving to even a stronger 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 June, were: 381 active listings, 185 pending listings and 80 closed sales. Very strong activity this year even with a dramatic drop in inventory.

Stuart FL 34997 Residential Market Report June 2015

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Stuart FL 34997 Residential Market Report June 2015

Stuart FL 34996 Condo Market Report June 2015

07.14.15 by Gabe Sanders

Stuart FL 34996 Condo Market Report June 2015

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

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

There are currently 102 active condo listings (Down by 1 condos last month).

28 Condo sales are pending and awaiting close or lender approval (Decreased by 11 condos from May).

26 Condos Sold in June (Decreased by 7 condos from May)

The Stuart FL 34996 Condo Market continued to be very active through June. We are seeing a small slowdown of the activity level in this very hot segment of the Stuart FL condo market. Though, we remain in a sellers market. I anticipate some more easing as we go into the summer and fall months.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 3.9 months from May’s 3.1 months. Still a strong sellers market but soon to turn as we go into the summer months. A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for June 2014 were: 139 active listings, 33 pending sales and 17 closed sales. Considerably stronger activity this year even though there’s a significant decrease in inventory as compared to last year.

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Stuart FL 34996 Condo Market Report June 2015

Jensen Park Estates Home Sold

06.24.15 by Gabe Sanders

Jensen Park Estates Home Sold

This Jensen Park Estates home located at 505 NE Vanda Terrado has been sold by the BlueWater realty team. We wish our buyers the best in their new Martin County home which they purchased for $283,000.

This beautiful 4/2 CBS home is located in the heart of Jensen Beach. There are high ceilings and crown molding throughout. Granite counters and all new stainless appliances. The master bedroom is very spacious with plenty of closet room and an amazing bathroom complete with walk in shower and spa tub. House is in move in condition and absolutely spotless. Custom built bar not included but may be purchased separately. This is a must see!

Jensen Park Estates is a non-gated community located just west of Savannah Rd in the heart of Jensen Beach. There are 381 home sites in this community, most of which have been built upon. Homes were built from 1980 to the latest one which was completed in 2010.

There’s a wide range of sizes and shapes of homes ranging from 6 bedroom homes with over 3,100 sq. ft. of living area down to more modest 2 bedroom, 2 bathroom homes with just under 1,100 sq. ft. There are both frame and concrete block construction as well as homes with and without private pools. Some homes have large lots of over ½ acre while others are fairly modest lots with just over .12 acres. Homeowner fees are a very reasonable $150 per year. Neighborhood children attend the Jensen beach Elementary School which is just a little over ½ mile away, Stuart Middle School and the Jensen Beach High School. Very close to shopping areas of US-1 as well as close to the Intracoastal (the Indian River) with its boat ramps, public beaches on Hutchinson Island, Indian Riverside park, and much more. Jensen Park Estates is an excellent option for both families and retirees looking for affordable homes in the heart of Jensen Beach.

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

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Jensen Park Estates Home Sold

Hobe Sound FL 33455 Condo Market Report May 2015

06.22.15 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report May 2015

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

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

There are currently 8 active condo listings. (Down by 2 condos from April)

4 Condos are pending and awaiting close. (Up by 2 condos from April)

1 Condos sold in April (Decreased by 4 condos from April)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. As we deplete the pending inventory with closed sales, this will continue to be a difficult segment of the Martin County condo market until we get more inventory of available condos.

The current absorption rate is 8 months (Last month it was 2 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 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 May 2014 numbers were: 20 active listings, 5 pending sales and 3 closed sales. Currently with single digit inventory numbers, it is very difficult to generate any kind of volume for condo sales in Hobe Sound.

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Hobe Sound FL 33455 Condo Market Report May 2015

Hobe Sound FL 33455 Residential Market Report May 2015

06.21.15 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report May 2015

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

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

There are currently 180 active listings. (Up by 2 homes from April)

113 Residential sales are pending and awaiting close (Down by 20 homes from April)

65 Homes Sold in May (Down by 3 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues to set a torrid pace and is the winner for the strongest activity in residential sales for the county.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 eaked up to 2.8months (2.6 months in April). Still an extreme 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 May 2014 were: 272 active listings, 84 pending sales and 47 closed sales. Considerably better activity this year even with the reduced inventory.