South Sewalls Point Pool Home Sold

Another Stuart FL sale from the Gabe Sanders BlueWater Realty Team. This home on 11 Lantana Lane was a bank owned foreclosure which closed for a sales price of $420,000.

Magnificent 2 story home with 3 bedroom, 3 baths, and ceramic tile flooring. A large open pool adjacent to a covered patio with a very private fenced back yard with a playhouse and Tiki Shack. Enter this home through a decorative circular drive to your open front foyer and entrance. The living room enjoys wonderful views of the yard and has a fireplace. The master bedroom has two closets one cedar lined along with an over sized master bathroom.

Sewalls Point is an upscale and unique peninsula town located on the eastern side of Martin County, Florida. Sewalls Point is home to many younger families, professionals and some seasonal residents. Surrounded by water on its north, south and west, this unique community is famous for its waterfront homes and is often called a boaters’ paradise. Sewalls Point waterfront real estate offers wide water views of the Saint Lucie River on the west side and the Indian River (the Intracoastal Waterway) on the east side. Beautiful tree-lined streets feature estate homes, many of which are wide waterfront estates with quick access to the Atlantic Ocean. With a population of just over 2,000 residents, Sewalls Point boasts a high quality of life with small-town character, while offering the amenities of a much larger town, with its own City Hall and Police Force.

Sewalls Point is very well situated only minutes from the beaches of South Hutchinson Island and also close to shopping malls, restaurants, big-name chains, three nearby medical centers and more. Travel only a few minutes by boat to Manatee Pocket a harbor with marinas, waterfront restaurants, and tackle stores. Shop or just browse at the Shoppes of Harbour Bay Plaza featuring specialty shops.

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South Sewalls Point Pool Home Sold

Hobe Sound FL 33455 Residential Market Report April 2015

05.24.15 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report April 2015

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

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

There are currently 178 active listings. (Down by 44 homes from March)

133 Residential sales are pending and awaiting close (Up by 13 homes from March)

68 Homes Sold in April (Up by 14 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County had an exceptionally strong April in closed and pending sales. Unfortunately the active inventory is now down to almost unheard of low levels that will effect future sales with the lack of homes for sale for buyers.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 plunged to 2.6 months (4.3 months in March). Now a pretty 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 April 2014 were: 228 active listings, 88 pending sales and 42 closed sales. Last April was a good month for Hobe Sound, but this year was even stronger.

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Hobe Sound FL 33455 Residential Market Report April 2015

Jensen Beach FL 34957 Condo Market Report April 2015

05.23.15 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report April 2015

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

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

There are currently 28 active listings. (Decreased by 2 condos from March)

16 Condo sales are pending and awaiting settlement. (Decreased by 5 condos from March)

11 Condos Sold (Increased by 6 condos from March)

The Jensen Beach FL 34957 Condo Market Report April 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic. Closed sales were up for the month while both pending sales and active listings declined. The current inventory is so low that future sales will be impacted unless more condos come on the market.

The one month absorption rate for the April 2015, Jensen Beach Florida Market Report ZIP Code 34957 dropped to2.5 months (from 6 months in March), once again a strong sellers’ market. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The April 2014 numbers were: 29 active listings, 9 pending sales and 9 condos closed. A better month as compared to last year.

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Jensen Beach FL 34957 Condo Market Report April 2015

Jensen Beach FL 34957 Residential Market Report April 2015

05.22.15 by Gabe Sanders

Jensen Beach FL 34957 Residential Market Report April 2015

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

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

There are currently 145 active listings. (Up by 3 homes from last month)

88Residential sales are pending and awaiting close or lender approval. (Up by 3 homes from March)

48 Homes Sold (Increased by 19 homes from March)

The Jensen Beach FL 34957 Residential Market had an exceptionally strong April for closed sale. Pending sales also continue to look good. Also, a good sign that the available inventory did not decrease and actually rose by a marginal amount.

The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 plunged to 3.0 months (was 4.9 months in March). An extreme sellers market for Jensen Beach home sales. A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.

The April 2014 numbers were: 135 active listings, 80 pending sales and 40 home sales closed. Improved activity from a very strong April of 2014. We are now seeing some bidding wars for well placed and attractive Jensen beach homes.

Jensen Beach FL 34957 Residential Market Report April 2015

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Jensen Beach FL 34957 Residential Market Report April 2015

Palm City FL 34990 Condo Market Report April 2015

05.21.15 by Gabe Sanders

Palm City FL 34990 Condo Market Report April 2015

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

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

There are currently 55 active condo listings. (Up by 7 condos from March)

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

7 Condos Sold in April. (Up by 1 condos from March)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. Pending sales were off from last month while we had one additional closed sale for April. There was an increase in inventory which is a good sign for the future.

The current absorption rate for condos in the 34990 zip code area declined to 7.9 months (was 8 months in August). A marginal improvement from last month, and getting closer to a desirable balanced 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 April 2014 numbers were: 53 active listings, 8 pending sales and 7 closed sales. Except for some better pending sales, almost identical activity to last year.

Palm City FL 34990 Condo Market Report April 2015

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Palm City FL 34990 Condo Market Report April 2015

Palm City FL 34990 Residential Market Report April 2015

05.20.15 by Gabe Sanders

Palm City FL 34990 Residential Market Report April 2015

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

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

There are currently 381 active listings (Decreased by 54 homes from March)

217 Residential sales are pending and awaiting close or lender approval. (Increased by 29 homes from last month)

73 Homes Sold in March (Increased by 5 sold homes from March)

The Palm City FL 34990 residential real estate market was very strong for April. Both closed and pending sales were up from previous months. Unfortunately the active inventory continues to declines which may impact the future sales for this area.

The current absorption rate dropped to 5.2 months from 6.4 months in March. 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 April 2014 numbers were: 446 active listings, 166 pending sales and 82 closed sales. It was also a strong sales market for last year, but pending sales look much better for this year. The reduced inventory is troubling.

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Palm City FL 34990 Residential Market Report April 2015

Stuart FL 34997 Condo Market Report April 2015

05.19.15 by Gabe Sanders

Stuart FL 34997 Condo Market Report April 2015

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

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

There are currently 43 active condo listings (Unchanged from March).

30 Condo sales are pending and awaiting close or lender approval (Decreased by 1 condos from March).

18 Condos Sold in April (Increased by 3 condos from March).

The Stuart FL condo market for zip code 34997 continues to be red hot. The biggest issue is that we are down to a very small inventory of available condos. Those that do come on the market sell quickly as you can see from the absorption rate below.

The one month absorption rate is now a very striking 2.4 months after last months amazing 2.9 month rate. Continuing as an extreme seller’s 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 April 2014 numbers were: 83 active listings, 39 pending sales and 25 closed sales. We are down to approximately half of last year’s inventory, yet pending and closed sales remain quite strong.

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

Stuart FL 34997 Residential Market Report April 2015

05.18.15 by Gabe Sanders

Stuart FL 34997 Residential Market Report April 2015

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

There are currently 315 active listings (Decreased by 46 homes from March).

223 Residential sales are pending and awaiting close or lender approval (Increased by 12 homes from March).

98 Homes Sold in April (Increased by 11 homes from March)

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 a major drop as sales are going faster than homeowners are willing to list on the market. Both pending sales and closed sales were up and well priced new listings are going off the market very quickly.

The current one month absorption rate increased to 3.2 months (was 4 months for March). 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 April, were: 404 active listings, 190 pending listings and 61 closed sales. Much stronger activity for 2015, even with a considerably reduced inventory.

Stuart FL 34997 Residential Market Report April 2015

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Stuart FL 34997 Residential Market Report April 2015

Stuart FL 34996 Condo Market Report April 2015

05.17.15 by Gabe Sanders

Stuart FL 34996 Condo Market Report April 2015

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

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

There are currently 110 active condo listings (Unchanged from last month).

55 Condo sales are pending and awaiting close or lender approval (Decreased by 6 condos from March).

23 Condos Sold in April (Decreased by 13 condos from March)

The Stuart FL 34996 Condo Market was very strong for April. Activity eased slightly from last month’s hot pace, but this is still a strong market with a lot of activity. While both pending and closed sales were off from last month, this is still a hot area for Stuart condos.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 4.8 months from March’s 3.1 months . Still a strong sellers market. A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for April 2014 were: 142 active listings, 46 pending sales and 41 closed sales. Better closed activity for last year, but with considerably more inventory. Also, better pending activity this year, which may mean good sales activity in the coming months.

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Stuart FL 34996 Condo Market Report April 2015

Stuart FL 34996 Residential Market Report April 2015

05.16.15 by Gabe Sanders

Stuart FL 34996 Residential Market Report April 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for April 2015

For April 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 173 active listings (Up by 6 homes from March).

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

18 Homes Sold in April (Decreased by 3 homes from March).

The 34996 zip code area of the Stuart Florida residential real estate market retreated from the improved numbers of last month. Both pending sales as well as closed sales were off for the month as compared to March. A little bit of a disappointing report especially when looking at our other Stuart markets.

The one month absorption rate for the 34996 zip code area of Stuart Florida for April increased to 9.6 months as compared to March’s 7.9 months. Drifting to even a stronger buyers’ market. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for April of 2014 were: 186 active listings, 52 pending sales and 11 closed sales. Better sales activity this year, but the pending sales are off as compared to last year, which may mean slower sales in the immediate future.

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Stuart FL 34996 Residential Market Report April 2015

Indian River Drive Waterfront Pool Home Sold

05.15.15 by Gabe Sanders

Indian River Drive Waterfront Pool Home Sold

8801 S Indian River Drive has recently sold by Rusty Abbott of the BlueWater Realty Team. This waterfront home sold for $485,000.

A very special home built for entertaining on a spacious 2.45 acre lot. Sunken family room with wood burning fireplace, custom Pecky Cypress Bar with red brick walls and rod iron gates in great room, living room with second fireplace with redbrick fascia, built in bunk beds with slate floor in what could be 4th bedroom, pool with gazebo and additional cooking area and bathroom, and enough back yard to practice your nine iron. Not to be outdone, the Savanna State Preserve backs up to this property and some of the best fishing in the Indian River (Intracoastal Waterway) is right off your dock.

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Indian River Drive Waterfront Pool Home Sold

Hobe Sound FL 33455 Residential Market Report March 2015

04.21.15 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report March 2015

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

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

There are currently 222 active listings. (Down by 28 homes from February)

120 Residential sales are pending and awaiting close (Up by 22 homes from February)

52 Homes Sold in March (Up by 17 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County showed some very strong activity for March. Both pending and closed sales rose, though unfortunately the inventory dropped, possibly effecting future activity with fewer choices for buyers.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased slightly to 4.3 months (7.1 months in February). Back into 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 March 2013 were: 298 active listings, 108 pending sales and 38 closed sales. Much stronger activity this year. Very impressive when the considerably lower inventory is factored in.