East Lake Village Home in Port St Lucie – Sold

East Lake Village Home in Port St Lucie – Sold

Listed for $149,974 and sold for $144,000 with the buyer introduced to this community by the Gabe Sanders BlueWater Realty Team.  For those first time home buyers needing exceptional values, give us a call.

East Lake Village in Port St Lucie

Beautiful 3 story town-house in East Lake Village in Port St Lucie, FL. There’s one bedroom and bathroom that could be the main bedroom on the first floor. The second floor has the kitchen, living room, dining room and a half bath, and the 3rd floor has two more bedrooms with bathrooms. Pool view looking out of two covered balconies. 2014 ac unit, 8 ft. ceilings. Two car garage. Community pool and children’s play area. A great location for shopping and restaurants.

East Lake Village in Port St Lucie East Lake Village in Port St Lucie

About East Lake Village in Port St. Lucie

Located East of US-1 and just to the North of Port St. Lucie Blvd., East Lake Village is a newer community of townhomes and single family homes of many different sizes and floorplans.  All of the homes are 2 story with the townhomes attached on at least one side to their neighbor.

East Lake Village in Port St Lucie East Lake Village in Port St Lucie

Sizes of these homes range from 4 bedroom, 3 and ½ bathroom homes with 2 car garages of over 2,300 sq. ft. of living area down to 2 bedroom, 2 and ½ bathroom townhomes with 1 car garage and 1,350 sq. ft. of living area.

East Lake Village in Port St Lucie East Lake Village in Port St Lucie

All ages are welcome in East Lake Village.  Pets are permitted with some restrictions depending on the section of interest.  For the single family homes, 2 large pets are permitted.  HOA fees range from $160 a month up to $210 per month, once again depending on the section where the home is located.

East Lake Village in Port St Lucie

Great location close to medical facilities, restaurants and shopping and only about 15 to 20 minutes to the crystal clear waters of the Atlantic Ocean in Jensen Beach FL.

East Lake Village Homes for Sale

For a more complete list of available East Lake Village homes and townhomes please sent us a note or call.

East Lake Village Home in Port St Lucie – Sold

Hobe Sound FL 33455 Residential Market Report March 2016

Hobe Sound FL 33455 Residential Market Report March 2016

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

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

There are currently 206 active listings. (Down by 6 homes from February)

Hobe Sound FL 33455 Residential Market Report March 2016

116 Residential sales are pending and awaiting close  (Up by 9 homes from February)

Hobe Sound FL 33455 Residential Market Report March 2016

56 Homes Sold in March (Up by 19 homes from last month)

Hobe Sound FL 33455 Residential Market Report March 2016

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County rebounded very strongly for March with increases in closed and pending sales.  With this kind of activity, the available inventory of homes for sale just isn’t enough to meet the buyers demands.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 3.8 months (7.6 months in February).  Back to a very strong sellers market after two months of either a balanced or buyers markets.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for March 2015 were:  220 active listings, 122 pending sales and 52 closed sales. Stronger closed sales for 2016, but better pending sales and a slightly greater inventory last March.

Hobe Sound FL 33455 Residential Market Report March 2016

Search here for Hobe Sound Florida Real Estate for Sale

Stuart Florida Real Estate presented by:
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Hobe Sound FL 33455 Residential Market Report March 2016

Jensen Beach FL 34957 Condo Market Report March 2016

Jensen Beach FL 34957 Condo Market Report March 2016

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

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



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

Jensen Beach FL 34957 Condo Market Report March 2016

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

Jensen Beach FL 34957 Condo Market Report March 2016

9 Condos Sold (Decreased by 2 condos from February)

Jensen Beach FL 34957 Condo Market Report March 2016

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

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

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

Jensen Beach FL 34957 Condo Market Report March 2016

Jensen Beach Condominium Properties by Price

 

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

Jensen Beach FL 34957 Residential Market Report March 2016

Jensen Beach FL 34957 Residential Market Report March 2016

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

 For March 2016 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 124 active listings. (Down by 4 homes from last month)

Jensen Beach FL 34957 Residential Market Report March 2016

66 Residential sales are pending and awaiting close or lender approval. (Down by 5 homes from February)

Jensen Beach FL 34957 Residential Market Report March 2016

29 Homes Sold (Increased by 9 homes from February)

Jensen Beach FL 34957 Residential Market Report March 2016

The Jensen Beach FL 34957 Residential Market had a good strong March with increased closed sales.  Unfortunately pending sales were off slightly and the inventory was also down a little.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 4.3 months (was 6.4 months in February).  After one month in a balanced market, we’re back into a sellers market.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The March 2015 numbers were: 142 active listings, 85 pending sales and 29 home sales closed.   The same number of closed sales for this year when compared to March of 2015 with less inventory and also less homes under contract.
Jensen Beach FL 34957 Residential Market Report March 2016

Search here for Jensen Beach Real Estate for Sale

Rental Properties

Residential Properties

All Residential properties for sale in the 34957 Zip Code area of Jensen Beach FL

Vacant Land Properties

Condominium Properties

Commercial Properties

 

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

Palm City FL 34990 Condo Market Report March 2016

Palm City FL 34990 Condo Market Report March 2016

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

 

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



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

   Palm City FL 34990 Condo Market Report March 2016

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

Palm City FL 34990 Condo Market Report March 2016

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

Palm City FL 34990 Condo Market Report March 2016

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

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

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Palm City FL 34990 Condo Market Report March 2016

Palm City FL 34990 Residential Market Report March 2016

Palm City FL 34990 Residential Market Report March 2016

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

 

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

 

There are currently 399 active listings (Decreased by 16 homes from February)

Palm City FL 34990 Residential Market Report March 2016

 179 Residential sales are pending and awaiting close or lender approval. (Increased by 17 homes from last month)

Palm City FL 34990 Residential Market Report March 2016

80 Homes Sold in February (Increased by 24 sold homes from February)

Palm City FL 34990 Residential Market Report March 2016

The Palm City FL, zip code 34990, residential real estate market jumped back into a sellers market after two months of somewhat slower closed and pending volume.  It looks to be a strong spring and summer market for Palm City in 2016.
The monthly absorption rate decreased to to 5 months from 7.4 months in February.  Back into a sellers market after two months of a buyers 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 March 2015 numbers were:  435 active listings, 188 pending sales and 68 closed sales.  Better closed volume for this year as compared to last year with less inventory.

Palm City FL 34990 Residential Market Report March 2016

 Search here for Palm City Florida Real Estate for Sale

Palm City Florida Real Estate presented by:
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Palm City FL 34990 Residential Market Report March 2016

Stuart FL 34997 Condo Market Report March 2016

Stuart FL 34997 Condo Market Report March 2016

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2016

 

For March 2016 in the 34997 Zip Code area of Stuart, Florida :

There are currently 75 active condo listings (Down by 3 condos from February).

Stuart FL 34997 Condo Market Report March 2016

38 Condo sales are pending and awaiting close or lender approval (No change in condos from February).

Stuart FL 34997 Condo Market Report March 2016

21 Condos Sold in March (Increased by 12 condos from February).

Stuart FL 34997 Condo Market Report March 2016

     The Stuart FL condo market for zip code 34997 for march showed improved activity in closed sales and maintained a healthy number of pending sales as well.  Unfortunately the inventory took a small drop.
     The one month absorption rate jumped to 3.6 months from 8.7 months for February.  Back into a sellers market after last months weaker buyers market. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The March 2015 numbers were: 43 active listings, 31 pending sales and 15 closed sales.  One of the few segments of the Martin County real estate market with a higher inventory this year as compared to last.  And, because of this, there’s better activity as well.

Stuart FL 34997 Condo Market Report March 2016

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for March 2016

 

 

Stuart FL 34997 Residential Market Report March 2016

Stuart FL 34997 Residential Market Report March 2016

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for March 2016

 

There are currently 308 active listings (Decreased by 13 homes from February).

Stuart FL 34997 Residential Market Report March 2016

175 Residential sales are pending and awaiting close or lender approval (Increased by 40 homes from February).

Stuart FL 34997 Residential Market Report March 2016

78 Homes Sold in March (Increased by 20 homes from February)

Stuart FL 34997 Residential Market Report March 2016Stuart FL 34997 Residential Market Report March 2016

      The Stuart Florida Residential Market for ZIP Code 34997 continues as the largest and the strongest segment of the Martin County single family real estate market.  Closed and pending sales made huge improvements from last month as this segment of the Stuart residential real estate market remains red hot.
     The current one month absorption rate plunged to 3.9 months (was 5.5 months for February).  A very strong sellers market for the 34997 segment of the Stuart residential market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2015 numbers for March, were: 351 active listings, 211 pending listings and 87 closed sales.  As hot as this market is, it was still outperformed last year, though there was a greater amount of inventory.
Stuart FL 34997 Residential Market Report March 2016

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 March 2016

 

Sewalls Point Home with Dock Sold

Sewalls Point Home with Dock Sold

13 Palm Road in Sewalls Point has been sold to a buyer brought by the Gabe Sanders BlueWater Realty Team.  This very private home with a deeded dock was sold for $460,000.

Sewalls Point real estate

This is an amazing opportunity to own a home in South Sewall’s Point and have your boat docked just minutes from the inlet. Dock has water and power and can accommodate up to a 30 ft. boat. This 1/3 acre corner lot has good elevation and does not require flood insurance. Mature oaks surround the pool enclosure and frame with a lushly landscaped and fenced backyard. The home has three bedrooms, two bathrooms and a two car garage. In an awesome location with great bones, but a little updating can make this a spectacular home. Those with some vision and resources will enjoy this Sewall’s Point gem for a long time.

Sewalls Point real estate Sewalls Point real estate

The Town of Sewall’s Point, a unique peninsula located between the St. Lucie and Indian Rivers, has a Commission form of government consisting of five elected Commissioners and a staff that includes a part-time Town Manager, a Town Clerk/Treasurer, a Police Chief and Police Department and a Building Official who heads the Building and Public Works Departments. All Town government operations are located in the Town Hall which also houses a sixty seat Meeting Hall.

Sewalls Point real estate Sewalls Point real estate

The Town is a residential community with a small commercial area. It is bounded on the east by the Indian River, on the south and west by the St. Lucie River and on the north by unincorporated areas of Martin County. The peninsula is 3.5 miles long and an average third of a mile in width. Of the 780 acres comprising the Town, 766 acres or 98.20% are designated for single family use. The southernmost point of the peninsula lies approximately two miles west of the Atlantic Ocean via the St. Lucie Inlet. Hutchinson Island is to the east across the Indian River and the City of Stuart is to the west across the St. Lucie River.

Sewalls Point real estate Sewalls Point real estate

Sewalls Point real estate Sewalls Point real estate

Search here for all Sewalls Point homes for sale

Sewalls Point Home with Dock Sold

Stuart FL 34996 Condo Market Report March 2016

Stuart FL 34996 Condo Market Report March 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for March 2016

For March 2016 in the 34996 Zip Code area of Stuart, Florida :

There are currently 114 active condo listings (Down by 4 condos last month).

Stuart FL 34996 Condo Market Report March 2016

53 Condo sales are pending and awaiting close or lender approval (Decreased by 5 condos from February).

Stuart FL 34996 Condo Market Report March 2016

29 Condos Sold in March (Increased by 11 condos from February) 

Stuart FL 34996 Condo Market Report March 2016

The Stuart FL 34996 Condo Market of Stuart showed continued strengthening from a weaker first two months of the year.  Though the inventory remains stubbornly low and pending sales were off, which will indicate some reduction in closed volume for the future.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 plunged to only 3.9 months from February’s 6.6 months.  Back into a strong sellers market for March.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for March 2015 were: 110 active listings, 61 pending sales and 36 closed sales.  Still not as strong a market as last March.

Stuart FL 34996 Condo Market Report March 2016

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Stuart Florida Real Estate presented by:
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Stuart FL 34996 Condo Market Report March 2016

Stuart FL 34996 Residential Market Report March 2016

Stuart FL 34996 Residential Market Report March 2016

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for March 2016

 

For March 2016 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 163 active listings (Up by 9 homes from February).

Stuart FL 34996 Residential Market Report March 2016

51 Residential sales are pending and awaiting close or lender approval (Down by 4 homes from February).

Stuart FL 34996 Residential Market Report March 2016

23 Homes Sold in March (Increased by 11 homes from February).

Stuart FL 34996 Residential Market Report March 2016

The 34996 zip code area of the Stuart Florida residential real estate market had some excellent increases in closed sales as well as a small jump in inventory.  Pending sales were off slightly from last month.

The one month absorption rate for the 34996 zip code area of Stuart Florida for March decreased to 7.1 months as compared to February’s 12.8 months.  Still a buyers market for this section of Martin County but improving steadily for the past two months.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for March of 2014 were: 166 active listings, 37 pending sales and 21 closed sales.  Better activity this year than for March of 2015.

Stuart FL 34996 Residential Market Report March 2016

 Search here for real estate in the 34996 Zip Code of Stuart FL

Stuart Florida Real Estate presented by:

the Gabe Sanders real estate team

Stuart FL 34996 Residential Market Report March 2016

Stuart Condo in Miles Grant – Sold

Stuart Condo in Miles Grant – Sold

5443 SE Miles Grant Road, Suite D-201 has been sold with the buyer procured by the Gabe Sanders BlueWater Realty Team.  This wonderful golf course condo was listed for $94,500 and sold for $92,000.

Entrance to Miles Grant

Beautiful second floor 2 bedroom and 2bathroom end unit condo with gorgeous views of the Miles Grant golf course. This is a bright, airy and spacious condo. Offered totally furnished and turn-key. New air conditioner was installed in 2015.   Recently updated with diagonal tile in kitchen, hallway and bathrooms. Additionally, the master bathroom has been completely renovated.

Miles Grant real estate in Stuart FL Miles Grant real estate in Stuart FL

The Miles Grant fees are only $246 per month and this includes your exterior maintenance and building insurance. Membership in the Miles Grant Country Club is mandatory for a very reasonable $122 per month.

Miles Grant real estate in Stuart FL Miles Grant real estate in Stuart FL

In addition to golf, tennis, Miles Grant residents and members can play croquet, shuffleboard, horseshoes, bocce or go on moonlit kayaking trips. Art lessons and aerobics keep many busy as well. Miles Grant Country Club has something for everyone’s lifestyle.

Tennis Courts Putting Green

The Miles Grant Country Club features a beautiful private 18-hole walkable par-64 golf course, 3 short game practice areas, putting green and driving net. PGA professionals are available to assist in making your efforts toward improving both enjoyable and rewarding. The course has two legitimate par-five’s, five par-four’s, 10 par-three’s and one hole that can play as a par-four or five.

Golf Course of Miles Grant One of two community pools

Miles Grant has 2 hard courts located by the Clubhouse which are available to all Social Members. Additionally, there are 5 Har-Tru courts located near this condo. These courts are for the exclusive use of the Tennis Members. The Miles Grant Tennis Association also holds yearly tournaments and has a tennis social monthly.

 Golf Course Views

Search here for all Miles Grant Condos in Rocky Point

MLS-Search-small-e12889727557434

Additionally you might be interested in Miles Grant homes and/or Hansons Landing Condos.

Hobe Sound FL 33455 Residential Market Report February 2016

Hobe Sound FL 33455 Residential Market Report February 2016

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

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

There are currently 206 active listings. (Down by 6 homes from January)

Hobe Sound FL 33455 Residential Market Report February 2016

116 Residential sales are pending and awaiting close  (Up by 40 homes from January)

Hobe Sound FL 33455 Residential Market Report February 2016

27 Homes Sold in February (Down by 8 homes from last month)

Hobe Sound FL 33455 Residential Market Report February 2016

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County had a very strong pending sales gain as compared to last month (and previous months), while after two months of increasing inventory. this month saw a decline.  Closed sales were off for the month, but with the pending numbers so good, I expect to see increases for the next few months.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 7.6 months (6.1 months in January).  Into a buyers’ market for February after last months balanced market. Though with the strong rise in pending sales I expect to go back into a sellers market in the next month or two.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for February 2014 were:  250 active listings, 98 pending sales and 35 closed sales. Much stronger pending sales this year and weaker closed sales along with a much smaller inventory of available homes.

Hobe Sound FL 33455 Residential Market Report February 2016

Search here for Hobe Sound Florida Real Estate for Sale

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

Hobe Sound FL 33455 Residential Market Report February 2016

Jensen Beach FL 34957 Condo Market Report February 2016

Jensen Beach FL 34957 Condo Market Report February 2016

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

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



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

Jensen Beach FL 34957 Condo Market Report February 2016

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

Jensen Beach FL 34957 Condo Market Report February 2016

11 Condos Sold (Increased by 5 condos from January)

Jensen Beach FL 34957 Condo Market Report February 2016

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

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

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

Jensen Beach FL 34957 Condo Market Report February 2016

Jensen Beach Condominium Properties by Price

 

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

Jensen Beach FL 34957 Residential Market Report February 2016

Jensen Beach FL 34957 Residential Market Report February 2016

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

 For February 2016 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 128 active listings. (Down by 9 homes from last month)

Jensen Beach FL 34957 Residential Market Report February 2016

66 Residential sales are pending and awaiting close or lender approval. (Up by 6 homes from January)

Jensen Beach FL 34957 Residential Market Report February 2016

20 Homes Sold (Decreased by 10 homes from January)

Jensen Beach FL 34957 Residential Market Report February 2016

The Jensen Beach FL 34957 Residential Market lost some of the rise in inventory from last month but did have a small increase in pending sales along with a larger drop in closed sales.  But, this has just brought the Jensen Beach market back into a balanced one.  Which is still a good market.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 6.4 months (was 4.6 months in January).  Transitioning into a balanced market.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The February 2015 numbers were: 146 active listings, 85 pending sales and 26 home sales closed.   Somewhat better activity last year along with reduced availability of homes this year.
Jensen Beach FL 34957 Residential Market Report February 2016

Search here for Jensen Beach Real Estate for Sale

Rental Properties

Residential Properties

All Residential properties for sale in the 34957 Zip Code area of Jensen Beach FL

Vacant Land Properties

Condominium Properties

Commercial Properties

Jensen Beach Florida Real Estate presented by:
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Jensen Beach FL 34957 Residential Market Report February 2016

Palm City FL 34990 Condo Market Report February 2016

Palm City FL 34990 Condo Market Report February 2016

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

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



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

   Palm City FL 34990 Condo Market Report February 2016

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

Palm City FL 34990 Condo Market Report February 2016

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

Palm City FL 34990 Condo Market Report February 2016

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

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

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Palm City Florida Real Estate presented by:
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Palm City FL 34990 Condo Market Report February 2016

Palm City FL 34990 Residential Market Report February 2016

Palm City FL 34990 Residential Market Report February 2016

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

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

 

There are currently 415 active listings (Increased by 15 homes from January)

Palm City FL 34990 Residential Market Report February 2016

 162 Residential sales are pending and awaiting close or lender approval. (Increased by 6 homes from last month)

Palm City FL 34990 Residential Market Report February 2016

56 Homes Sold in January (Increased by 7 sold homes from January)

Palm City FL 34990 Residential Market Report February 2016

The Palm City FL, zip code 34990, residential real estate market continued to show positive results month to month and remains a solid performing market.  With the strong pending sales numbers I expect the Palm City residential market to be back into a balance market soon, if not all the way to a sellers’ market.
The monthly absorption rate decreased to to 7.4 months from 8.2 months in January.  A buyers market for the second month in a row 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 February 2015 numbers were:  450 active listings, 164 pending sales and 55 closed sales.  Very similar activity to February of 2015 with a bit lower inventory this year.

Palm City FL 34990 Residential Market Report February 2016

 Search here for Palm City Florida Real Estate for Sale

Palm City Florida Real Estate presented by:
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Palm City FL 34990 Residential Market Report February 2016

Stuart FL 34997 Condo Market Report February 2016

Stuart FL 34997 Condo Market Report February 2016

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2016

For February 2016 in the 34997 Zip Code area of Stuart, Florida :

There are currently 78 active condo listings (Down by 1 condos from January).

Stuart FL 34997 Condo Market Report February 2016

38 Condo sales are pending and awaiting close or lender approval (Increased by 9 condos from January).

Stuart FL 34997 Condo Market Report February 2016

9 Condos Sold in February (Increased by 1 condos from January).

Stuart FL 34997 Condo Market Report February 2016

     The Stuart FL condo market for zip code 34997 started off 2016 with a slow start.  Slightly better numbers for the second month of 2016, but still not nearly as strong as last year.  Plenty of room for improvement!
     The one month absorption rate jumped to 8.7 months from 3 months for January.  Back into a buyers market after last months very strong sellers market. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The February 2014 numbers were: 44 active listings, 250 pending sales and 13 closed sales.  Better activity last year even with considerably lower inventory in 2015.  One of the few areas of Martin County with significantly more inventory this year when compared to last year.

Stuart FL 34997 Condo Market Report February 2016

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Stuart Florida Real Estate presented by:
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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for February 2016

Stuart FL 34997 Residential Market Report February 2016

Stuart FL 34997 Residential Market Report February 2016

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for February 2016

There are currently 321 active listings (Increased by 22 homes from January).

Stuart FL 34997 Residential Market Report February 2016

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

Stuart FL 34997 Residential Market Report February 2016

58 Homes Sold in February (Decreased by 30 homes from January)

Stuart FL 34997 Residential Market Report February 2016

      The Stuart Florida Residential Market for ZIP Code 34997 continues as the largest and the strongest segment of the Martin County single family real estate market.  After a very hot month of sales last month, closed sales dropped for February, but both available inventory and pending sales rose.  This should be an excellent sign for future activity.
     The current one month absorption rate rose to 5.5 months (was 3.4 months for January).  Still a sellers market for the 34997 segment of the Stuart residential market for the beginning of 2016.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2014 numbers for February, were: 373 active listings, 202 pending listings and 72 closed sales.  Unfortunately the volume of activity was a bot stronger last year, though also with greater inventory.
Stuart FL 34997 Residential Market Report February 2016

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

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

Stuart FL 34997 Residential Market Report February 2016

Stuart FL 34996 Condo Market Report February 2016

Stuart FL 34996 Condo Market Report February 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for February 2016

For February 2016 in the 34996 Zip Code area of Stuart, Florida :

There are currently 118 active condo listings (Down by 5 condos last month).

Stuart FL 34996 Condo Market Report February 2016

53 Condo sales are pending and awaiting close or lender approval (Increased by 17 condos from January).

Stuart FL 34996 Condo Market Report February 2016

18 Condos Sold in February (Increased by 7 condos from January) 

Stuart FL 34996 Condo Market Report February 2016

The Stuart FL 34996 Condo Market of Stuart showed considerable improvement over a pretty weak January with increases in closed and pending sales.  Unfortunately, also a decrease in inventory, giving buyers less of a selection.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 decreased to 6.6 months from January’s 11.2 months.  Back into a balanced market for February.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for February 2014 were: 122 active listings, 60 pending sales and 25 closed sales.  Still not as strong a market for condos in this zip code when compared to 2015.

Stuart FL 34996 Condo Market Report February 2016

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Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report February 2016