Pine Ridge Condos in Palm City July 2018 Market Report

There are 2 condos for sale in Pine Ridge at Martin Downs in Palm City FL for July 2018. List prices are $97,888 and $119,900 for an average list price of $108,894 which is $98.02 per sq. ft. of living area.

There are also 2 condos under contract. List prices were $134,900 and $174,900 for an average of $154,900 which works out to $120.28 per sq. ft. of living area. These condos averaged 22 days on market before going under contract.

In the past 12 months, 23 condos have sold in Pine Ridge. Sales prices ranged from a low of $87,500 to a high of $165,000 for an average sales price of $137,595 which equals $115.13 per sq. ft. of living area. These condos sold for an average of 94% of list price and were on the market for an average of 73 days before going under contract.

About the Pine Ridge Condos at Martin Downs:

The Pine Ridge Condos at Martin Downs is a wonderful gated complex in Palm City. Entrance is through the gates at Matheson Ave on the south side of Martin Downs Blvd, just south of the Monarch Golf Club. Very well located close to Florida’s Turnpike as well as shopping and just a short ride to downtown Stuart and the waterways as well as golf courses that Martin County offers.

Pine Ridge was built from 1986 through 1995 and consists of both condos as well as villas. There are numerous floor plans ranging from 3 bedroom, 2 bath units with 1486 sq. ft. of living area to 2 bedroom, 2 bath of 1111 sq. ft. down to 830 sq. ft. 1 bedroom, 1 bath condos. Some condos come with a detached garage while the rest have assigned parking along with lots of space for guest parking as well.

There are two lakes on the grounds as well as a community swimming pool, tennis courts, and a bocce court. Two small pets are permitted. And, no trucks or motorcycles are allowed. As of July 2018, the condo association fees ranged from $290 to $390 per month depending on the size and location of the condo.

This is a wonderful community welcoming all ages and one of the most affordable options for those wishing to live in Palm City. Especially desirable for young families who wish to take advantage of Palm City’s ‘A’ rated schools.

Click this link to search for available Pine Ridge Condos for Sale

Pine Ridge Condos in Palm City July 2018 Market Report

Stuart FL 34997 Residential Market Report June 2018

07.19.18 by Gabe Sanders

Stuart FL 34997 Residential Market Report June 2018

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for June 2018

For June 2018 in the 34997 Zip Code area of Stuart, Florida:

There are currently 263 active listings (Increased by 4 homes from May).

149 Residential sales are pending and awaiting close or lender approval (Decreased by 7 homes from May).

94 Homes Sold in June (Increased by 1 homes from May)

The Stuart Florida Residential Market for ZIP Code 34997 remains very active with strong sales and pending sales. The inventory remained relatively steady for this month after numerous months of decreases in thenumber of available homes for sale.

The absorption rate remained almost unchanged at 2.79 months (was 2.8 months for May). Remaing in a very strong seller’s market for the 34997 zip code area of Stuart for June 2018. Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7-month absorption rate.

The 2017 numbers for June, were: 261 active listings, 180 pending listings, and 87 closed sales. Slightly better sales volume for this June but also a smaller number of pending sales.

Stuart FL 34997 Residential Market Report June 2018

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Stuart FL 34997 Residential Market Report June 2018

The Florida Club July 2018 Market Report

07.19.18 by Gabe Sanders

The Florida Club July 2018 Market Report

Stuart, Florida

As of July 2018, there are 3 Florida Club homes for sale. List prices range from $425,000 up to $459,000 for an average list price of $434,725 which works out to $210.40 per sq. ft. of living area.

There are 3 homes under contract awaiting closing. List prices ranged from $309,888 up to $429,315 for an average list price of $359,401 which works out to $191.18 per sq. ft. of living area. These homes averaged 88 days on the market before going under contract.

In the past 12 months, 32 homes have sold in the Florida Club with sales prices ranging from $225,000 up to $497,500 for an average sales price of $331,138 which equals $173.89 per square foot of living area. The average days on market before going under contract was 53 days with a 96% list to sales price ratio.

About the Florida Club:

Conveniently located at the gateway to Stuart, Florida and Martin County, the Florida Club is a DiVosta built golf club community located off Kanner Highway and within minutes of I-95. This non-equity golf club community consists of 433 homes. 113 homes in the estate’s section of the Florida Club featuring larger lots and spacious estate sized homes. Many with both lake or golf course views and a few with both. The remaining Florida Club homes feature either single family or attached one-story villas, many also with golf course and/or lake views. Residents of the Florida Club can enjoy daily golf or if they wish can forgo being a member and just enjoy the benefits of living in a wonderful gated community without the expense of golf club membership. Additionally, for those wishing to play only occasional (or just seasonal) golf, the Florida Club is open for non-members.

Perfect for anyone who wants the convenience of easy access to I-95 with Palm Beach, Fort Lauderdale and Miami, just a quick trip to the south and Orlando to the north. Yet still only minutes to the wonderful Atlantic Beaches of both Stuart or Hobe Sound and Jupiter Island.

The Martin County location ensures low property taxes and ‘A’ rated school system. Enjoy the Florida sunshine and all that this friendly neighborhood has to offer.

For more information about golf at the Florida Club July 2018 Market Report please visit their website: Florida Club Web Site and watch their welcome video below:

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The Florida Club July 2018 Market Report

Stuart FL 34996 Condo Market Report June 2018

07.18.18 by Gabe Sanders

Stuart FL 34996 Condo Market Report June 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for June 2018

For June 2018 in the 34996 Zip Code area of Stuart, Florida :

There are currently 106 active condo listings (Down by 12 condos from last month).

38 Condo sales are pending and awaiting close or lender approval (Down by 8 condos from May).

29 Condos Sold in June (Down by 11 condos from May)

The Stuart FL 34996 Condo Market of Stuart remains a very active market. Sales and pending sales were off from last month and the inventory continues to decline. Hopefully, this is just a seasonal slow down which is typical for condos in our area.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 3.7 months from May’s 3.0 months. Still in a strong sellers’ market for this segment of Martin County condos. A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for June 2017 were: 132 active listings, 40 pending sales, and 26 closed sales. Very similar activity as compared to last year with a significantly lower number of available condos for sale (inventory).

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Stuart FL 34996 Condo Market Report June 2018

Portofino Condos at Jensen Beach July 2018 Market Report

07.18.18 by Gabe Sanders

Portofino Condos at Jensen Beach July 2018 Market Report

As of July 2018, there are 2 condos available for sale in Portofino. List prices are $143,000 and $172,500 which averages to $157,750 or $147.44 per sq. ft. of living area.

There are no condos under contract at this time.

In the past 12 months, 14 condos have sold in Portofino, ranging in sales price from $95,000 up to $175,000 for an average sales price of $138,439 which equals a price per sq. ft. of $136.22. The average days on market was 42 and the average list to sales price ratio was 96%.

About the Portofino Condos at Jensen Beach:

Portofino of Jensen Beach is a gorgeous gated condo community that’s just great for families or singles. Portofino offers fantastic amenities such as a resort-style pool and hot tub, a state-of-the-art fitness center, and an indoor air-conditioned racquetball court along with outdoor tennis court. A business center is also available that delivers the conveniences of a home office, with computers, a copier, and a fax machine to keep you connected. A children’s playground is also available. This community is only 10 minutes from the beaches, and it is just minutes to both Jensen Beach Elementary School and Jensen Beach High School. Jensen Beach students also attend Stuart Middle School which is only about 15 minutes away.

Portofino Condos at Jensen Beach

Portofino Condos at Jensen Beach is one of the newest condominium subdivisions in Martin County. Originally built as an upscale apartment complex around 2000, this development was turned into condominiums and began sales in 2005. Due to the downturn in the housing market, not all units were sold and some are now being offered for lease. Portofino Condos at Jensen Beach July 2018 Market Report features 1, 2 and 3 bedroom units with separate garage parking as an added purchase when available. Unit sizes are 802 sq. ft. for the 1 Bedroom 1 bath, 1074 sq. ft. for the 2 Bedroom 2 bath, and 1252 sq. ft. for the 3 Bedroom 2 bath.

With a total of 384 units, there are 116 one-bedroom, 196 two-bedroom, and 72 three-bedroom units within Portofino that are spacious and include balconies! Portofino provides luxury living for its residents, set in a peaceful Florida preserve atmosphere, many with lake views. Living in Portofino of Jensen Beach you will feel like you are on vacation year round!

The Condo Owners Association fees range from $209 to $330 per month depending on unit size and for garage owners, there’s an additional $20 per month charge. Fees include the extensive grounds and gated entry as well as the amenities, which include a large community pool, heated whirlpool, state of the art fitness center, indoor racquetball court, tennis court, playground and a private clubhouse with a full kitchen.

All ages are welcome in Portofino Condos at Jensen Beach. Children attend Martin County’s highly rated school system, currently at Jensen Beach elementary school, Stuart middle school and Jensen Beach high school. Portofino Condos is close to the Treasure Coast mall as well as numerous shops and restaurants, medical facilities and only a few minutes to the waterways of Martin County and the beaches of Hutchinson Island.

Portofino Condos at Jensen Beach

For information about sales or rentals of Portofino Condos in Jensen Beach, please call the Gabe Sanders real estate team at 772-323-6996 or contact us here.

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Residential Homes, Condos and Land
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Portofino Condos at Jensen Beach July 2018 Market Report

Stuart FL 34996 Residential Market Report June 2018

07.17.18 by Gabe Sanders

Stuart FL 34996 Residential Market Report June 2018

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for June 2018

For June 2018 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 105 active listings (Decreased by 10 homes from May).

34 Residential sales are pending and awaiting close or lender approval (Down by 7 homes from May).

26 Homes Sold in June (Up by 6 homes from May).

The 34996 zip code area of the Stuart Florida residential real estate market continues to be active market. Sales were up from last month but both the inventory of available homes for sale and pending sales were off for June.

The one-month absorption rate for the 34996 zip code area of Stuart Florida for June dipped to 4.0 months as compared to May’s 5.8 months. Drifting back into a strong seller’s market for the 34996 zip code area of Stuart FL but on the brink of transitioning into a balanced market. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for June 2017 were: 138 active listings, 55 pending sales, and 41 closed sales. Better activity last June with a greater inventory of available homes for sale.

Stuart FL 34996 Residential Market Report June 2018

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Stuart FL 34996 Residential Market Report June 2018

Oceana Oceanfront and North Condos July 2018 Market Report

07.17.18 by Gabe Sanders

Oceana Oceanfront and North Condos July 2018 Market Report

For July 2018 there are 5 condos for sale in Oceana (I and II aka Oceana Oceanfront) in Jensen Beach FL on Hutchinson Island. List prices range from $180,000 up to $305,000 for an average list price of $235,980 which equals $246.58 per sq. ft. of living space.

There are 5 condos currently under contract. List prices ranged from a low of $223,000 up to a high of $439,000 for an average list price of $315,680 which equals $301.22 per sq. ft. of living space. These condos averaged 277 days on the market before going under contract.

In the past 12 months, 24 condos have sold. Sales prices ranged from $199,000 up to $511,250 for an average sales price of $299,770 which works out to $271.85 per sq. ft. of living space. These condos sold for an average of 95% of list price and averaged 82 days on the market before going under contract.

About the Oceana Oceanfront and North Condos:

The Oceana North Condos are also known as Oceana Oceanfront and are located at 9900 and 9940 S Ocean Drive in Jensen Beach FL on Hutchinson Island in Saint Lucie County.

Oceana I was built in 1975 and is a 12 story building with 125 condos, while Oceana II was completed in 1980 with 16 stories and 160 units. Oceana II has two penthouse units with 3 bedrooms and 3 baths with a spacious 2,092 sq. ft. of living area. Also in building II, there are a few 2 bedroom 3 bath condos with 1,421 sq. ft. The remaining condos in both Oceana I and II are either 2 bedroom, 2 bath residences with 1,129 or 1,023 sq. ft. and some 1 bedroom, 2 bath condos with 899 sq. ft.

There are two pools and private beach access, along with BBQ grilling areas as well as gated entries and vehicle was areas.

Both buildings share a large clubhouse with fitness and game room, kitchen and bar and a large social area. 1 small pet is allowed as well as rentals with a 3-month minimum lease restriction. There are four tennis courts directly across the street as well as 2 RV/Boat parking areas. Trucks are also allowed.

Condo fees range from $410 to $550 per month depending on the size and location of the condo (as of July 2018). These fees cover Basic Cable TV, Common Areas, Elevator, Exterior Electric, Fire/Liability Insur, Grounds / Plants, Insurance-Bldg, Janitor, Laundry Facilities, Lawn Care, Manager, Parking, Pest Control, Pool Service, Recreational Facilities, Reserve Funds, Roof Maintenance, Security, Signs, Trash Removal and Water.

Click on this link to search for available Oceana North Condos in Jensen Beach

Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you may wish to consider:
Admiral – Atlantis – Claridge – Dune Walk – Empress – Island Club – Island Crest – Island Dunes – Islandia – Miramar – Miramar Royale – Ocean Dunes – Oceana Oceanfront – Oceana South – Ocean Towers – Oceanrise – Ocean Bay Villas – Princess – Regency – Sand Dollar Shores – Sea Winds – Villa del Sol

Oceana Oceanfront and North Condos July 2018 Market Report

Stuart FL 34994 Condo Market Report June 2018

07.16.18 by Gabe Sanders

Stuart FL 34994 Condo Market Report June 2018

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for June 2018

For June 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 83 active condo listings (Up by 2 condos from May).

55 Condo sales are pending and awaiting close or lender approval. (Decreased by 13 condos from last month)

25 Condos Sold in May (Decreased by 9 condos from May).

The Stuart FL 34994 Condo market continues to show very strong activity. Not quite as strong as last month, but still a ver active seller’s market. We could use a greater inventory of condos for sale.

The absorption rate for May rose to 3.3 months compared to last month’s 2.4. Remaining in a strong seller’s market for this condo segment of Stuart’s 34994 zip code area after one month of a seller’s market. Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months. Meaning neither the buyers or sellers have an advantage in the real estate market.

Last June the numbers were 90 active listings, 39 pending sales, and 21closed sales. The activity for this condo segment of the Stuart market remains more active when compared to last June.

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Stuart, FL Real Estate

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Stuart FL 34994 Condo Market Report June 2018

Affordable Jensen Beach Condo in Beacon 21 Under Contract

07.16.18 by Gabe Sanders

Affordable Jensen Beach Condo in Beacon 21 Under Contract

This condo was listed for $85,000 and was available for only 3 days before receiving multiple offers and going under contract.

A wonderfully located 2 bedroom, 2 bathroom condo in Beacon 21 in Jensen Beach FL. This is a 55+ community with access to a community marina that offers ocean access slips for lease. This is also a pet-friendly building with one pet allowed. The “B” section of Beacon 21 has an open patio for barbecuing as well as an additional storage area and a coin-operated laundry room. One assigned covered parking spot and additional guest parking is available. There is a clubhouse, community pool, tennis and shuffleboard courts for residents to enjoy an active lifestyle. Beacon 21 is located within a few minutes’ drive to the Intracoastal Waterway as well as the beaches, shopping and restaurants. This large and open furnished condo is available for immediate occupancy.

About the Beacon 21 Condos in Jensen Beach:

Beacon 21 in Jensen Beach is a low rise condominium development in Jensen Beach FL locate just north of the Saint Lucie River and off of NE Dixie Highway (State Road 707). This complex contains numerous types of condo buildings that were first built in 1973 and the last phase was completed in 1993.

There are sections in Beacon 21 that are age restricted to 55 and over while other sections are open to all ages. There are just over 270 individual condos with most of them being two bedrooms and all but a few having 2 bathrooms as well. These condos come in sizes ranging from 826 sq. ft. of interior living area up to 1,440.

Most of Beacon 21’s sections are pet-friendly allowing for one medium sized pet with some areas allowing up to 2. Rentals are also permitted with some restrictions.

There are three pools and three tennis courts as well as a clubhouse and shuffleboard courts for Beacon 21. And, as a bonus, there is dockage for smaller boats (up to 21’) with ocean access. These docks are available for lease at very reasonable rates when available on a first come first served basis for owners in the Beacon 21 complex.

HOA fees vary from $327.00 to $450.00 a month depending on the location of the condo (As of June 2017). Children living in Beacon 21 currently attend the Felix A Williams elementary school, Stuart middle school and the Jensen beach high school.

This complex is well located only minutes from the beaches, rivers and shopping areas of Jensen Beach and Stuart FL.

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Affordable Jensen Beach Condo in Beacon 21 Under Contract

Lake Tuscany July 2018 Market Report

07.15.18 by Gabe Sanders

Lake Tuscany July 2018 Market Report

As of July 2018, there are 2 homes available for sale in Lake Tuscany in Stuart FLwith listing prices of $469,900 and $485,000 for an average list price of $477,450 which is an average price per square foot of living area of $133.37.

There is 1 home currently under contract. This home was listed for $460,315 or $184.57 per sq. ft. of living area and was on the market for only 9 days prior to going under contract.

In the past 12 months, 8 homes have sold in Lake Tuscany ranging in sales price from $370,000 up to $470,000 for an average sales price of $428,063 which equals $151.17 per sq. ft. of living area. These homes took an average of 117 days on market to go under contract and sold at 97% of list price.

About Lake Tuscany in Stuart Florida:

Lake Tuscany in Stuart FL is a newer subdivision just to the west of I-95 in Martin County, Florida. The homes in Lake Tuscany were mostly completed between 2004 to 2005. This attractive subdivision is set up with a gated entrance and all 98 homes in Lake Tuscany are on Panther Trace which makes a large circle around the lake in the center. Homes range from 3 Bedroom, 3 Bath or 4 BR 2 Baths of around 2100 sq. ft. of living area to spacious 6 Bedroom, 4 Bathroom 2 story homes with lofts and theater rooms with pools by the lakeside along with 3 car garages. All are high-quality homes built by local builder Mercedes Homes.

Lake Tuscany boasts lush landscaping and very reasonable Home Owner’s Association fees of $398 per quarter. These fees cover security, the common areas and lake upkeep, basic cable, trash collection and front landscaping. The Lake Tuscany property owners web site is located at this site.

Families in Lake Tuscany enjoy Martin County’s ‘A’ rated schools in the following schools: Crystal Lake Elementary, David L Anderson Middle School and South Fork High School. Shopping is only minutes away and there’s easy access to Martin County’s waterways and just a short drive to the many public beaches.

Lake Tuscany in Stuart Florida

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For any questions you may have about Lake Tuscany Real Estate Update in Stuart FL July 2018, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Lake Tuscany July 2018 Market Report

Archipelago of Sewalls Point July 2018 Market Report

07.14.18 by Gabe Sanders

Archipelago of Sewalls Point July 2018 Market Report

For July 2018 there are 3 homes available for purchase in the Archipelago of Sewalls Point. The list prices range from $795,000 up to $1,695,000 for an average list price of $1,161,667 or $353.28 per sq. ft. of living area.

There are no homes are currently under contract.

In the past 12 months, there also have been no sales in the Archipelago of Sewalls Point.

Located in the prestigious town of Sewalls Point, Florida the Archipelago is a non-gated neighborhood of all waterfront homes with access to the crystal clear waters of the Atlantic Ocean through the Saint Lucie Inlet in Martin County, Florida. All the homes in the Archipelago are on either the wide waters of the Indian River or located on deep water canals. The Saint Lucie Inlet to the Atlantic is less than two miles away by water. Access is maintained by dredging all Archipelago waterways to 6’. Homes range from modest older frame homes to spectacular estate lots with magnificent views.

View of the Archipelago of Sewalls Point

The link below will take you to all currently available Archipelago homes in Sewalls Point, Florida

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July 2018 Archipelago Real Estate of Sewalls Point Market Report

Stuart Florida 34994 Residential Market Report June 2018

07.13.18 by Gabe Sanders

Stuart Florida 34994 Residential Market Report June 2018

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for June 2018

For June 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 69 active listings (Up by 2 homes from May)

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

17 Homes Sold in May (Decreased by 6 homes from May)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida eased a little for June but remains very active.

The one-month absorption rate for the 34994 zip code for May rose to 4.1 months from 2.9 months for May. Remaining in a seller’s market for the 34994 zip code area of Stuart, FL. A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The June 2017 numbers were 72 Active Listings, 34 pending sales, and 13 closed sales. Better sales activity this year with less inventory of available homes for sale. Though, the pending sales numbers were better last year.

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