Stuart FL 34996 Condo Market Report September 2017

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for September 2017

For September 2017 in the 34996 Zip Code area of Stuart, Florida :

There are currently 112 active condo listings (Increased by 5 condos from last month).

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

21 Condos Sold in September (Down by 7 condos from August)

The Stuart FL 34996 Condo Market of Stuart showed somewhat less activity than last month, but still pretty active. Some of this decreased activity may have been caused by Hurricane Irma which shut down real estate for a little over a week last month.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 increased to 5.3 months from August’s 3.8 months. Still a seller’s 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 September 2016 were: 132 active listings, 25 pending sales and 21 closed sales. One of the few areas of martin County with better activity this year when compared to 2016.

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Stuart FL 34996 Condo Market Report September 2017

Palm Pointe and Palm Isles October 2017 Market Report

10.16.17 by Gabe Sanders

Palm Pointe and Palm Isles October 2017 Market Report

There is currently only one active listings in Palm Pointe and Palm Isles community of Palm City FL. The list price for this home is $309,995 which is equal to $144.59 per sq. ft. of living area.

At this time, there is 1 home under contract which has not yet finalized. The list price was $260,000 or $142.86 per sq. ft. of living area. This homes was on the market for 21 days prior to going under contract.

8 homes have sold in the past 12 months. Sales price ranged from $212,000 to $320,000 with the average sales price of $250,063 which works out to $142.81 per sq. ft. of living area. These homes were on the market for an average of 45 days prior to going under contract and sold at an average of 96% of list price.

About the Palm Isles and Palm Pointe Community in Palm City:

Palm Pointe and Palm Isles are adjoining communities in Palm City just east of High Meadow Rd between Martin Downs Blvd and Martin Hwy. These gated communities are conveniently located close to both Florida’s Turnpike and I-95 making it a great location for those who commute to parts north or south for work, yet want to take advantage of the great school system and amenities that Martin County has to offer. Also within easy reach of shopping, restaurants and medical facilities as well as the many boat ramps and Marinas of Martin County.

There are a total of 128 homes that were built from 1990 through 1996 for Palm Pointe and 1999 to 2001 for Palm Isles. These two communities share a community pool, tennis courts and a playground.

Homes range in size from 2 bedroom, 2 bathroom homes of around 1,400 sq. ft. of living space plus a two car garage, up to 4 bedroom, 4 bath homes of around 2,400 sq. ft. plus garage. Many homes in these communities have their own private pools and a lucky few have wonderful lake views.

As of October 2017 HOA fess were just over $200 a month and this community allows large pets and rentals. There are vehicle restrictions for commercial trucks.

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Palm Pointe and Palm Isles October 2017 Market Report

The Falls of Jensen Beach October 2017 Market Report

10.15.17 by Gabe Sanders

The Falls of Jensen Beach October 2017 Market Report

For October 2017 there are 2 homes available for sale in the Falls of Jensen Beach. Listing prices are $423,500 and $699,000 for an average list price of $561,250 or $158.49 per sq. ft. of living area.

There is one home under contract which has not completed the sales process (closed). The list price of this home is $624,900 or $157.92 per sq. ft. of living area. This home was on the market for 194 days prior to going under contract.

In the past 12 months, 10 homes have sold in the Falls of Jensen Beach. Sales prices ranged from $411,000 up to $639,000 for an average sales price of $491,125 which is equal to $163.15 per sq. ft. of living area. These homes averaged 87 days on market before going under contract and sold on average for 96% of listed price.

About the Falls in Jensen Beach FL:

A newer Kolter community located just north and west of the Treasure Coast Mall in Jensen Beach FL. This is a gated community with spacious lots, many of which have serene preserve or lake views from the back patio and yard.

The Falls is in a wonderful location close to shopping, restaurants as well as professional services and only a few minutes to the beaches and waterways that Martin County has to offer. Children living in the falls have the privilege of attending Martin County ‘A’ rated schools. Currently these are the Jensen beach Elementary school, Stuart Middle school and the Jensen Beach High school.

Construction in the Falls began in 2006 and all of the 130 lots have now been built, with the latest homes just recently completed in 2016. As of this writing there are only two new homes available from the builder, but re-sale homes have been coming on the market at a fairly steady rate.

Homes sizes in the Falls range from 4 bedroom, 3 bathroom homes of 2,236 sq. ft. of living area up to 5 bedroom, 4 bathroom homes with just under 4,500 sq. ft. under AC. The majority of the homes in the falls have 3 car garages. Homes range from single story ranch style designs to two story homes and many have private pools.

Since this is a newer community, all homes meet the latest building codes for hurricane and wind protection and most homes also feature updated kitchen with granite countertops.

The HOA fee (as of October 2017) is $232 per month and includes your landscape and lawn service, basic cable TV as well as security and the common areas. There is no community pool or clubhouse in the Falls.

Here are the currently available homes in the Falls of Jensen Beach

Those interested in new construction in the Falls, please call us for our special builder rebate program (772) 323-6996.

Atlantis Condos on Hutchinson Island October 2017 Market Report

10.14.17 by Gabe Sanders

Atlantis Condos on Hutchinson Island October 2017 Market Report

There are currently 4 condos on the market in the three Atlantis condo buildings.. List prices range from $195,000 to $297,000 for an average list price of $234,000 which equates to $209.58 per sq. ft. of living area.

There is 1 Atlantis condo that is under contract which hasn’t sold to date. The list price was $279,000 or $241.77 per sq. ft. of living area. This condo went under contract 38 days after being listed.

In the past 12 months, 12 condos have sold in Atlantis. Sales prices ranged from a low of $163,500 up to $300,000 with an average sales price of $228,638 or $205.24 per sq. ft. of living area. These condos sold in an average of 148 days and at an average of 95% of list price.

About Atlantis Condos:

Atlantis Condos on Hutchinson Island in Jensen Beach FL (Saint Lucie County) consists of three buildings. Atlantis ‘A’, Atlantis ‘B’ and Atlantis ‘III’. Buildings A and B were constructed in 1978 and consist of 68 2 bedroom 2 bathroom condos with 1,053 sq. ft. of living space on 7 stories. End units are slightly bigger with wrap around balconies and 1113 sq. ft. of living space. Building III was built in 1982, also with the same number of condos but is slightly larger with 1,151 sq. ft. interior units and 1,258 sq. ft. on the ends.

Condo association fees at the time of this post were in the low $300’s per month for Buildings A & B and the low $400’s for Atlantis III. These three buildings have two pools in between them as well as direct ocean access from the rear of all buildings. Those on floors 3 to 7 enjoy excellent ocean and beach views, while the lower floors have partially blocked views because of the sand dunes. There is ample outdoor parking for all residents as well as two tennis courts and a vehicle wash area.

The Atlantis condos are conveniently located just 1 and ½ miles north of the Jensen Beach Causeway and within an easy drive of shopping, restaurants and all the amenities offered on Florida’s Treasure Coast.

Give the Gabe Sanders BlueWater realty team a call or email if you would like more information or wish to see the Atlantis complex in Jensen Beach FL.

Search for Atlantis Condos on Hutchinson Island for Sale

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

Stuart FL 34996 Residential Market Report September 2017

10.13.17 by Gabe Sanders

Stuart FL 34996 Residential Market Report September 2017

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for September 2017

For September 2017 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 129 active listings (Down by 16 homes from August).

19 Residential sales are pending and awaiting close or lender approval (Up by 5 homes from August).

6 Homes Sold in September (Decreased by 6 homes from August).

The 34996 zip code area of the Stuart Florida residential real estate showed greatly reduced activity for September along with decreased inventory. Much of this may be attributed to Hurricane Irma which shut down real estate for a little over a week last month.

The one month absorption rate for the 34996 zip code area of Stuart Florida for September jumped to 65 months as compared to August’s 12.1 months. Into an extreme buyer’s market for the 34996 zip code area of Stuart FL. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for September of 2016 were: 161 active listings, 27 pending sales, and 13 closed sales. Considerably better activity from last year.

Stuart FL 34996 Residential Market Report September 2017

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

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Stuart FL 34996 Residential Market Report September 2017

Orchid Bay Palm City FL October 2017 Market Report

10.13.17 by Gabe Sanders

Orchid Bay Palm City FL October 2017 Market Report

There are currently 2 homes listed for sale in Orchid Bay. List prices are $574,900 and $589,500 for an average list price of $582,200 which is $205.63 per sq. ft. of living area.

2 homes are currently under contract and awaiting sale. The list prices are $379,900 and $489,999 which averages to $434,950 for $169.08 per sq. ft. of living area. These three homes averaged 30 days on the market before going under contract.

In the past 12 months, 6 homes have sold in Orchid Bay. Sales prices ranged from $380,055 up to $637,500 for an average sold price $499,759 which works out to $168.36 per sq. ft. of living area. These 6 homes averaged 94 days on the market before the sellers accepted an offer and sold for an average of 97% of the listed price.

About Orchid bay in Palm City:

About Orchid Bay:

One of the most desirable communities in Palm City, Orchid Bay (also known as Captain’s Creek) lies just south of the new Palm City Veteran’s Memorial Bridge off of Mapp Road. This gated community of 153 home-sites (including only two vacant lots at this time) enjoys spacious private lots of at least a ½ acre with a few properties residing on over 1 acre sites. This planned community was developed by the Tartan land Company in the early 1990’s and all homes are individually constructed by the lot owner’s builder of choice. Consequently this is not a “cookie cutter” community by any means.

Homes range in size from over 5,000 sq. ft. of living area to just over 2,000. From as many as 8 bedrooms down to 3 bedroom homes. Both one and two story residences. Homes were built from 1992 through 2007. Amenities include tennis courts, a picnic and playground area as well as a public gazebo. Numerous lakes and ponds are on this property with many homes enjoying serene water views. Orchid Bay has its own community propane tank so all residents have the option of hooking in for propane utilities if desired.

HOA fees at the time of this writing (October 2017) are $187.00 per month (payable quarterly). These fees include maintenance of the roads, trash pickup, common areas as well as basic cable TV service.

Children of Orchid bay attend wonderful schools: Palm City Elementary, Hidden Oaks Middle and Martin County High.

Search here for all available Orchid Bay Homes for Sale

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

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Orchid Bay Palm City FL October 2017 Market Report

Stuart FL 34994 Condo Market Report September 2017

10.12.17 by Gabe Sanders

Stuart FL 34994 Condo Market Report September 2017

Stuart FL Real Estate Snapshot for ZIP Code 34994, Condo Sales for September 2017

For September 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 73 active condo listings (Up by 3 condos from August).

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

14 Condos Sold in September (Down by 7 condos from August).

The Stuart FL 34994 Condo market remains strong, though it showed weaker activity this September. Some of this reduced activity may have been a result of Hurricane Irma which shut down real estate for a little over a week last month.

The absorption rate for September increased to 5.2 months compared to last month’s 3.3. Still in a seller’s market for this condo segment of Stuart’s 34994 zip code area. 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 September the numbers were 92 active listings, 28 pending sales, and 11 closed sales. Better activity last year.

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Stuart Florida Market Report ZIP Code 34994 – Condo, September 2017

The Courtyards at Willoughby October 2017 Market Report

10.12.17 by Gabe Sanders

The Courtyards at Willoughby October 2017 Market Report

There are no condos currently for sale in the Courtyards at Willoughby.

Also, there are no condos currently under contract.

In the past 12 months, 6 condos have sold in the Courtyards of Willoughby with sales prices ranging from $154,250 to $221,500 for an average sales price of $195,896 and this equals $131.69 per sq. ft. of living space. These condos sold for an average of 97% of list price with an average of 39 days on market before going under contract.

About the Courtyards at Willoughby:

The charming townhomes in the Courtyards at Willoughby are located close to Historic Downtown Stuart as well as many other shopping, dining and entertainment areas that Stuart, Jensen Beach and Palm City have to offer.

There are only 44 residences in the Courtyards at Willoughby with four different models to choose from, The Juno, The Jupiter, The Hutchinson, and The Jensen depending on your needs. The models go up to 3 bedroom, 2 bathroom two level homes with 1,532 sq. ft. of living area down to 2 bedroom, 2 bath one level living with 1,125 sq. ft. of living space and some models feature garages. Maintenance fees at the time of this writing (October 2017) run from $350 per month and lower depending on the size of the unit. Up to 1 medium sized pet is allowed.

This community features a swimming pool, with a sundeck and cabana grilling area, and a 24 hour fitness center! The surrounding school district is ‘A’ rated.

As of October 2017 there is only one active listing in the Courtyards at Willoughby. It is a 3 bedroom, 2 bath townhome with a two car garage. The list price is $195,000.

There are three pending listings. All are 2 bedroom units that were listed from $109,900 to $129,000 for an average list price of $115,966 which equals $98.78 per sq. ft. of living area. 2 of these homes are short sales.

In the past 12 months, there have been 7 sales in the Courtyards at Willoughby. Sales prices ranged from $103,100 to $179,900 for an average sold price of $129,750 which was $97.33 per sq. ft. of living area. There were no foreclosures and one shortsale in this group of sales.

Search Here for Courtyards at Willoughby Condos for Sale

The Courtyards at Willoughby October 2017 Market Report

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

Stuart Florida 34994 Residential Market Report September 2017

10.11.17 by Gabe Sanders

Stuart Florida 34994 Residential Market Report September 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for September 2017

For September 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 76 active listings (Decreased by 1 homes from August)

21 Residential sales are pending and awaiting close or lender approval (Decreased by 5 homes from last month).

8 Homes Sold in August (Decreased by 8 homes from August)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had slightly weaker activity for September. Some of this might have been hurricane related.

The one month absorption rate for the 34994 zip code for September increased to 9.5 months from 4.8 months for August. Bringing the 34994 zip code area of Stuart, FL back into a buyer’s market. A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The September 2016 numbers were 64 Active Listings, 34 pending sales, and 11 closed sales. Better sales and pending activity last year with a little larger inventory. Some of this activity could have been impacted by Hurricane Irma which shut down real estate for a little over a week last month.

Search here for Stuart Florida Real Estate for Sale

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the Gabe Sanders real estate team