June 2016 Monthly Market Detail Florida Townhouses and Condos

07.28.16 by

June 2016 Monthly Market Detail Florida Townhouses and Condos

The June 2016 Monthly Market Detail Florida Townhouses and Condos showed weaker activity when compared to 1 year ago.  Prices may have climbed a bit to fast for this segment of the Florida real estate market.  Closed sales were down by 2.6% as compared to last months increase of 0.1% and new sales under contract (new pending sales) decreased by 7.6% (In May there was a 4.6% decrease).  Inventory of available condos and townhouses continues to rise as well which should put pressure on prices to either decline or at least moderate.

Though the June prices continued to rise with the median sales price up by 8.6% (was up by 4.4% in May), while the average sales price increased by 3.1% (was down 1.3% in May).  If prices continue to stay somewhat stable or even decrease slightly, I expect the volume of sales to increase.

The inventory increased by 7.9% from June of last year.  For June 2016 we have 6.0 months of inventory (was 6.1 months in May) and compared to 5.5 for June 2015.  We are currently in a balanced market for Florida townhouse and condo sales.

May 2016 Monthly Market Detail Florida Townhouses and Condos

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
June 2016 Monthly Market Detail Florida Townhouses and Condos

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

June 2016 Monthly Market Detail Florida Townhouses and Condos

Canoe Creek July 2016 Market Report

07.28.16 by

Canoe Creek July 2016 Market Report

For July, 2016 there are 2 homes for sale in Canoe Creek in Palm City.  These two homes are listed for $475,000 and $469,500 for an average list price of $472,250 or $153.05 per sq. ft. of living area.  As of July 28, these homes have averaged 57 days on market.

There are no homes currently under contract in Canoe Creek in Palm City.

In the past 12 months, 9 homes have sold in Canoe Creek.  Sales prices ranged from $217,500 up to $450,000 for an average sales price of $351,579 which equals $142.44 per sq. ft. of living area.  These homes went under contract in an average of 45 days and sold for 98% of the last listed price.

About Canoe Creek Real Estate in Palm City

Search for Canoe Creek Homes for Sale

Canoe Creek in Palm City FL

Canoe Creek in Palm City is a wonderful family community filled with just a little over 100 captivating homes that have plenty of room for your family to grow. Each home has a spacious yard with beautiful manicured Florida foliage that creates a tranquil backdrop. Lot sizes in Canoe Creek begin at 1/2 acre with a few lots of up to just over an acre.  Home sizes range from over 4,000 sq. ft. of living area with 5 bedrooms, 5 bathrooms and 3 car garages down to more modest 3 bedroom, 2 bathroom homes of under 2,000 sq. ft. of living area.  Homes in Canoe Creek had numerous builders and were completed between the years of 1980 and 1995.

The neighborhood is approximately 25 minutes from gorgeous stretches of beaches in Stuart. Canoe Creek is close to great ‘A’ rated schools, recreation, and the exciting and beautiful Downtown Stuart while still close to I-95 and Florida’s Turnpike for those needing to commute or wishing to travel either north or south.

Low HOA fees of $150 per quarter make this an easily affordable community in a subdivision that offers privacy with room to spare between homes with individual mostly custom designed and built homes at an affordable price.

Search for Canoe Creek Homes for Sale

Canoe Creek July 2016 Market Report

Love your new Home, Love your new Hometown

07.27.16 by

Love your new Home, Love your new Hometown

Mulligan's Restaurant in Downtown Stuart

When you consider the purchase of a new home, it stands to reason that you will inspect this house from floor to ceiling, from the vantage points of its interior and exterior. By the time you make this house your own, you will know it from the inside out; its features and amenities, its strengths and weaknesses, its beauty and flaws. Yet while you may feel familiar, comfortable, and—well—at home in your new residence, you still need to ask yourself one important question: While you know your home, do you know your hometown?

Now by hometown we’re not referencing the place where you were born and raised, but the new community in which you will live once you claim residence in your new home.

In fact, at the same time that you tour your new house, you also should tour the city and county in which it is located. And as you take a good look around, ask yourself the following, very important questions:

1. Is your home located in direct proximity to the place you work? Your office should be located either in or at some point around your new community of residence, unless you favor a lengthy commute.

2. Is your new community safe? Before you move there, check the crime rates and ensure the presence of a strong police force and active neighborhood watch programs.

3. Does the community boast a strong school system? If you have children or are expecting to have them sometime in the near future, then you will want to ensure that your new community offers a strong and productive school system.

4. Does the community offer strong cultural and recreational scenes? Regardless of your personal tastes and interests, you should ensure that your new hometown will keep you good and busy—fulfilling your need for art and culture, sport and recreation. Do you favor art museums or ballparks? Libraries and bookstores or ballrooms and performing arts theaters? You shouldn’t have to drive too far to have a truly wonderful cultural or recreational experience.

5. Explore the community’s wide open spaces. Your new hometown should come complete with a vast variety of environmental meccas, including parks, nature trails, gardens and arboretums.

6. Does your new hometown feel like home? As you drive through this community, do you feel as if you truly belong here? If so, then what are you waiting for? Welcome home!

For those searching for that perfect community, there are a wealth of resources that can help you.  Ask me, and I’ll give you some hints.

The Lyric Theatre in Downtown Stuart

 

July 2016 Market Report for Osprey Cove in Hobe Sound

07.26.16 by

July 2016 Market Report for Osprey Cove in Hobe Sound

There are currently 2 homes for sale in Osprey Cove in Hobe Sound, FL.  Listing prices are $639,000 and $729,000 for an average list price of $684,000 or a price per square foot of living area of $217.31.  As of July 21, 2016 these homes have been on the market for an average of 67 days.

There is one home under contract which has not closed to date.  The list price is $529,000 or $236.48 per sq. ft. of living area.  This home was on the market for 134 days before going under contract.

In the past 12 months, 9 homes have sold in Osprey Cove with sales prices ranging from $440,000 to $793,000 for an average sale price of $616,611 or $211.48 per sq. ft. of living area. These sales averaged 67 days on the market and sales prices averaged 95% of list price.

Osprey Cove in Hobe Sound, Florida is a waterfront community off of Gomez Avenue in the vibrant Hobe Sound area of Martin County, Florida.  It is also known as the Osprey Cove Yacht Club and boasts 32 deep water boat slips just off the Intracoastal Waterway.  There are only 86 homes in this gated community that broke ground in late 2000 with homes being completed from 2000 through 2006.   Homes range in size from 3 bedroom, 3 bathroom, 2 car garage homes of 2,230 sq. ft. to 5 bedroom, 4 and 1/2 bathroom, 3 car garage pool homes of over 4,000 sq. ft. of living area.  There’s also a community pool and tennis court available to all residents.

For boaters, the docks are approximately 5 miles from the Saint Lucie Inlet of Martin County and just under 10 miles from the Jupiter Inlet in Palm Beach County.  All Osprey Cove residents enjoy easy access to shopping, restaurants and the pristine beaches of Jupiter Island in Martin County.

For families, the Martin County School District is one of the highest rated in Florida and children attend the Hobe Sound elementary school, Murray middle school and South Fork high school.  There are also a number of excellent private schools located nearby, including the Pine School.

You can find additional information at the Osprey Cove in Hobe Sound Homeowner’s Association web page.

For any questions you may have about Osprey Cove in Hobe Sound, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Hobe Sound Florida Real Estate

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

July 2016 Market Report for Osprey Cove in Hobe Sound

Sewalls Point Vacant Lot – New Price

07.26.16 by

Sewalls Point Vacant Lot – New Price

 Sewalls Point real estate

Now available for $197,000 this is one of the last remaining close to the Indian River lots in Sewalls Point.  Very conveniently located on the corner of South Sewalls Point Rd and Herons Nest in the Rio Vista section of Sewalls Point is one of the few remaining buildable parcels of land with potential Intracoastal Views of the wide Indian River.  This is an excellent opportunity for a dream home in a much sought after location for a great price.

Sewalls Point real estate Sewalls Point real estate

Vacant buildable lot in Sewalls Point that has been cleared and is ready for your dream home.  There is a good potential for a home with water views built in this location.  Lot is just over 1/3 of an acre and will most likely require a home to be built on pilings (flood zone).  Great location with excellent schools, close to beaches, downtown Stuart, shopping and restaurants.  There aren’t very many of these opportunities left in Sewalls Point.

Search here for all Sewalls Point vacant lots for sale.

About Sewalls Point

Sewall’s Point is a charming peninsula town located on the eastern side of Martin County, Florida. Once more of a vacation town, Sewall’s Point now is home to many younger families and full-time 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: Ideal for Water Lovers

Sewall’s Point real estate offers wide water views of the Saint Lucie River, the Indian River, and the Intracoastal Waterway.

The tree-lined streets feature beautiful estate homes, many of which are waterfront with docks.

Look Forward to a High Quality of Life in Sewalls Point, Florida

With a population of about 2,000 residents, Sewall’s Point boasts a high quality of life with small-town character, while offering the amenities of a large town, such as shopping malls, restaurants, big-name chains, three nearby medical centers and more.

  • Enjoy nearby beautiful beaches and an abundance of aquatic activities.
  • Go fishing in one of the many bodies of water surrounding Sewall’s Point.
  • Be a part of the excellent school system in Martin County.
  • 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.
  • Take classes at one of the seven institutions of higher educations within an hour’s drive.
  • Bring your children to the Children’s Museum of the Treasure Coast, offering 12,000 square feet of interactive exhibits.
  • Experience Indian River Park’s famous Interactive Fountain, hiking trails, and pier.
  • Attend one of the many local events held at Indian Riverside Park throughout the year such as Pet Fest and Concerts in the Park held once a month on a Sunday from January through May.

Sewalls Point is a Uniquely Charming Place to Live!

The unique charm of Sewall’s Point real estate is reflected in the variety ofhomes in Sewall’s Point. Properties to meet the needs and tastes of everyone are found in the Sewall’s Point real estate market. Whether you are looking for an upscale, multi-million-dollar estate or a more modest home, there is something special for everyone in the Sewall’s Point real estate market.

Home-Buying on the Sewalls Point Housing Market

Whatever your style, need, taste or desire in a home, we can meet your Sewall’s Point real estate needs. When you purchase or sell a home within the Sewall’s Point real estate market, we are able to provide you with the expertise you need and the service you want.

Sewalls Point Vacant Lot – New price

June 2016 Monthly Market Detail Florida Single Family Homes

07.25.16 by

June 2016 Monthly Market Detail Florida Single Family Homes

The June 2016 Monthly Market Detail Florida Single Family Homes continues to be a strong market but activity is easing a bit from previous months.  Closed sales were up by 0.4% (was up by 4.5% in May) and new sales under contract (new pending sales) were down by 7.7% (was down by 2.7% in May).

Both median and average sales prices continue to rise ( June 2015 to June 2016) by 10.8% and 6.8% respectively, compared to May’s 10.5% and 4.2%.  These strong price gains will end up having an impact on future activity as many homes are now becoming much too pricey for the average buyer.

The inventory of available homes for sale fell by 2.8% from last year.  Higher demand areas of Florida have seen decreasing inventory for more than three years now.  For June there was only a 4.3 months supply of inventory as Florida remains in a sellers market with the advantage for sellers. (June of 2015 had a 4.6 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

June 2016 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:

June 2016 Monthly Market Detail Florida Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

June 2016 Monthly Market Detail Florida Single Family Homes

July 2016 Lake Tuscany Stuart FL Market Report

07.25.16 by

July 2016 Lake Tuscany Stuart FL Market Report

As of July 2016, there are 4  homes available for sale in Lake Tuscany with listing prices from $479,315 to $579,900 for an average list price of $519,405 which is a price per square foot of living area of $138.55.  As of July 14, 2016 these homes will have averaged 79 days on market.

There are 4 homes under contract.  List prices were from $405,000 up to $485,000 for an average list price of $445,975 which works out to $139.60 per sq. ft. of living area.  These homes averaged 33 days on the market before going under contract.

In the past 12 months, 8 homes have sold in Lake Tuscany ranging in sales price from $362,000 to $469,000 for an average sales price of $414,500 which equals $153.54 per sq. ft. of living area.  These homes took an average of 34 days on market to go under contract and sold at 98% of list price.

Lake Tuscany real estate Stuart FL

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.

Search here for currently available Lake Tuscany real estate in Stuart FL

For any questions you may have about July 2016 Lake Tuscany Stuart FL Market Report, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Stuart Florida Real Estate

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

July 2016 Lake Tuscany Stuart FL Market Report

 

Hobe Sound FL 33455 Condo Market Report June 2016

07.23.16 by

Hobe Sound FL 33455 Condo Market Report June 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for June 2016

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

There are currently 4 active condo listings. (Down by 1 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2016

6 Condos are pending and awaiting close. (Down by 1 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2016

3 Condos sold in June. (Up by 3 from last month)

Hobe Sound FL 33455 Condo Market Report June 2016

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory levels are at all time lows and it is quite remarkable that there is as much activity as there is in this small segment of the Martin County real estate market.

For June, 2016 the absorption rate is 1.3 months which is what it was back in April (with no sales reported in May, there was no absorption rate for that month).  Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes on percentages that June not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The June 2015 numbers were: 9 active listings, 2 pending sales and 6 closed sales.  Better closed activity for last year, but this was with over twice as many active condos for sale.  Inventory, or lack of, is playing a major obstacle in the Hobe Sound condo market.

Hobe Sound FL 33455 Condo Market Report June 2016

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Hobe Sound FL 33455 Condo Market Report June 2016

the Florida Club July 2016 Market Activity

07.23.16 by

the Florida Club July 2016 Market Activity

Stuart, Florida

As of July, 2016:

There are currently 10 Florida Club homes for sale.  List prices range from $268,000 up to $499,900 for an average list price of $391,970 which works out to $176.25 per sq. ft. of living area.  As of July 22, 2016 these homes were on the market for an average of 99 days.

There are 5 homes under contract awaiting the completion of their sales.  List prices ranged from $235,500 to $479,900 for an average list price of  $335,680 or $168.25 per sq. ft of living area.  These homes averaged 134 days on the market before going under contract.

In the past 12 months, 22 homes have sold in the Florida Club with sales prices ranging from $237,000 to $495,000 for an average sales price of $308,884 which equals $165.40 per square foot of living area.  The average days on market was 32 days with a 96% list to sales price ratio.

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 estates 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 the 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.

As of this writing, homes can be purchased in the Florida Club from the mid to high $100’s for villas to the upper $400’s for larger estate homes. 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 2016 Market Activity please visit their web site: Florida Club Web Site and watch their welcome video below:

Search for all Florida Club Homes for Sale in Stuart Florida

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the Florida Club July 2016 Market Activity

Hobe Sound FL 33455 Residential Market Report June 2016

07.22.16 by

Hobe Sound FL 33455 Residential Market Report June 2016

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

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

There are currently 193 active listings. (Down by 20 homes from May)

Hobe Sound FL 33455 Residential Market Report June 2016

100 Residential sales are pending and awaiting close  (Up by 10 homes from May)

Hobe Sound FL 33455 Residential Market Report June 2016

54 Homes Sold in June (Up by 2 homes from last month)

Hobe Sound FL 33455 Residential Market Report June 2016

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues perform strongly even as the inventory declined for this month, though still greater than last year.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 inched up to 3.6 months (4.1 months in May).  Continuing in the trend for all of Martin County as a sellers market.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for June 2015 were:  150 active listings, 119 pending sales and 61 closed sales.  Interestingly for Hobe Sound the inventory is up from last year while volume of sales and pending sales is still lower.  Though, this is still an active market, just not as super heated as last year.

Hobe Sound FL 33455 Residential Market Report June 2016

Search here for Hobe Sound Florida Real Estate for Sale

the Gabe Sanders real estate team

Hobe Sound FL 33455 Residential Market Report June 2016

Portofino Condos at Jensen Beach July 2016 Market Update

07.22.16 by

Portofino Condos at Jensen Beach July 2016 Market Update

As of July 2016 there are no condos available for sale in Portofino.

There is one condo that is under contract and has not sold to date.  This 2 Bedroom, 2 bathroom condo was listed for $129,000 ($121.13 per sq. ft. of living area) and was on the market for 20 days before going under contract.

In the past 12 months, 8 condos have sold, ranging in sales price from $77,500 to $135,000 for an average sales price of $109,050 which equals a price per sq. ft. of $104.92.  The average days on market was 27 days and the average list to sales price ratio was an incredible 96%

Portofino condos remain in high demand and sales prices continue to rise.  Many of the units continue to be controlled by the former developer who has not released them for sale and continues to run a rental program.

Portofino Condos at Jensen Beach are 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 2016 Market Update 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.

The Condo Owners Association fees range from $190 to $315 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.

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.

 

Jensen Beach Florida Real Estate

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Portofino Condos at Jensen Beach July 2016 Market Update

Jensen Beach FL 34957 Condo Market Report June 2016

07.21.16 by

Jensen Beach FL 34957 Condo Market Report June 2016

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

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



There are currently 22 active listings. (Decreased by 4 condos from May)

Jensen Beach FL 34957 Condo Market Report June 2016

14 Condo sales are pending and awaiting settlement. (Up by 3 condos from May)

Jensen Beach FL 34957 Condo Market Report June 2016

3 Condos Sold (No change in sold condos from May)

Jensen Beach FL 34957 Condo Market Report June 2016

 The Jensen Beach FL 34957 Condo Market Report June 2016 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  For June of 2015, available inventory remains quite low, while the pending sales numbers are quite good when the inventory is considered.

The one month absorption rate for the June 2016, Jensen Beach Florida Market Report ZIP Code 34957 dropped a bit to 7.3 months (from 8.7 months in May), still a buyers market for the first time in close to two years.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The June 2015 numbers were: 31 active listings, 11 pending sales and 5 condos closed.  Better sales numbers for last year, but pending sales look good for this year even with the reduced inventory of available condos.

Jensen Beach FL 34957 Condo Market Report June 2016

Jensen Beach Condominium Properties by Price

 

Jensen Beach Florida Real Estate presented by:
Gabe Sanders

Jensen Beach FL 34957 Condo Market Report June 2016

Jensen Beach FL 34957 Residential Market Report June 2016

07.20.16 by

Jensen Beach FL 34957 Residential Market Report June 2016

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

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

 There are currently 99 active listings. (Down by 17 homes from last month)

Jensen Beach FL 34957 Residential Market Report June 2016

70 Residential sales are pending and awaiting close or lender approval. (Increased by 3 homes from May)

Jensen Beach FL 34957 Residential Market Report June 2016

37 Homes Sold (No change in home sales from May)

Jensen Beach FL 34957 Residential Market Report June 2016

The Jensen Beach FL 34957 Residential Market continues to perform well.  After an increase in inventory for last month, we’re back to slim pickings again for the number of available homes for sale.  Both pending and closed activity remains very active.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 2.7 months ( was 3.1 months in March).  A very extreme sellers market for Jensen Beach.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The June 2015 numbers were: 119 active listings, 90 pending sales and 46 home sales closed.   Considerably better numbers from last year along with a greater inventory of available Jensen Beach homes for sale.
Jensen Beach FL 34957 Residential Market Report June 2016

Search here for Jensen Beach Real Estate for Sale

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

Think Like a Buyer

07.20.16 by

Think Like a Buyer

for-sale

If you are planning to sell your Martin County home anytime in the near future, then you no doubt feel that your residence will make an exemplary addition to today’s flourishing real estate market. And while you are probably absolutely right in this assertion, you may want to take a moment and look at your home from the prospective of a potential buyer.

As someone who is bound to view and inspect a vast number of homes before they make a final buying decision, a buyer is going to view your home through a very special lens, and from a most unique prospective. As such, you must be willing to surrender your personal and highly sentimental view of your house (one that you hold with good reason, as your residence is beautiful), and investigate your home from the prospective of someone who might consider making it their own.

1. Does your home look buyable? Your home no doubt holds a great deal of sentimental appeal for you. Yet if you were seeing the house for the first time, would you consider it clean and attractive?

2. Is your home competitive with other homes available in your area’s current real estate market? Remember that today’s buyers have a rich selection of homes from which to choose; so it might benefit you to peruse current real estate listings advertised online, in the newspaper and in MLS books and real estate magazines. See how your house stacks up in terms of benefits and amenities offered, along with its asking price.

3. Is your home located in a desirable location? It always helps if your home is located in a community that comes complete with rich and varied occupational, educational, cultural and recreational opportunities. The crime rates, tax rates, environmental landscape, and governmental structure of your community also might play roles in a person’s eventual decision to buy or not to buy your home. The better your community, the better your prospects of selling a home located in this community.

4. Is your home one that you would buy yourself? If you were visiting your home for the first time, would you consider buying it? It might sound like a silly question, but it is one you must ask when putting your residence up for sale—and answer to the very best of your ability, to get the optimum price for your beautiful home. Happy selling!

If you’d like some help in pricing your home, just fill out this form and we will get an approximate price to get you started.  Though, this is still no substitute for a full CMA (Comparative Market Analysis).

Palm City FL 34990 Condo Market Report June 2016

07.19.16 by

Palm City FL 34990 Condo Market Report June 2016

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

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



There are currently 65 active condo listings. (Increased by 3 condos from May)

   Palm City FL 34990 Condo Market Report June 2016

4 Condo sales are pending and awaiting close or lender approval. (Down by 9 condos from last month)

2 pending

7 Condos Sold in June. (No change in sold condos from May)

Palm City FL 34990 Condo Market Report June 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  The activity in this market has slowed considerably for June and with the weak pending numbers, this may continue for the next few months.

The current absorption rate for condos in the 34990 zip code area shot up to 16.3 months (was 8.9 months in June).   Now one of the few areas where it’s a strong  buyers market in Martin County.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The June 2015 numbers were: 51 active listings, 14 pending sales and 8 closed sales.   Better activity last year as compared to this year even with increased inventory for 2016.
Palm City FL 34990 Condo Market Report June 2016

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

Palm City FL 34990 Residential Market Report June 2016

07.18.16 by

Palm City FL 34990 Residential Market Report June 2016

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

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

 

There are currently 362 active listings (Decreased by 15 homes from May)

Palm City FL 34990 Residential Market Report June 2016

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

Palm City FL 34990 Residential Market Report June 2016

76 Homes Sold in May (Down by 8 homes from May)

Palm City FL 34990 Residential Market Report June 2016

The Palm City FL, zip code 34990 residential real estate market activity continues to be quite active.  After a slight increase in inventory for last month, it’s back down again for June and sales have slowed somewhat while still being an active market, just not as hot as in previous months.
The monthly absorption rate increased to to 4.8 months from 4.5 months in May.  Still in a strong sellers market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The June 2015 numbers were:  358 active listings, 163 pending sales and 128 closed sales.  Much better closed volume from last year with other metrics very similar.

Palm City FL 34990 Residential Market Report June 2016

 Search here for Palm City Florida Real Estate for Sale

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

Palm City FL 34990 Residential Market Report June 2016

Stuart FL 34997 Condo Market Report June 2016

07.17.16 by

Stuart FL 34997 Condo Market Report June 2016

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

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

There are currently 74 active condo listings (Up by 1 condo from May).

Stuart FL 34997 Condo Market Report June 2016

27 Condo sales are pending and awaiting close or lender approval (Down by 13 condos from May).

Stuart FL 34997 Condo Market Report June 2016

24 Condos Sold in June (Increased by 7 condos from May).

Stuart FL 34997 Condo Market Report June 2016

     The Stuart FL condo market for zip code 34997 continues to show very strong activity as we get into what will be a typically slower summer season.
     The absorption rate dropped to 3.1 months in June from 4.3 months for May.  A strong sellers market for the 34997 zip code area of Stuart condos. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
 The June 2015 numbers were: 35 active listings, 19 pending sales and 17 closed sales.  Better volume this year with more than double the inventory as well.

Stuart FL 34997 Condo Market Report June 2016

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

Palm City Waterfront Pool Home New Price

07.17.16 by

Palm City Waterfront Pool Home New Price

1583 SW Seagull Way in the Seagate Harbor community of Palm City is now offered for $409,000.


Palm City Waterfront with Dock
Overview
Maps
Photos
Description
Neighborhood
$409,000
Located in the desirable waterfront community of Seagate Harbor. Three bedroom, 2 bath home on 80 ft wide canal with access to St Lucie River and ocean access. 50 ft dock has electrical. Water depth is a minimum of 5 ft at low tide according to the owner. Hayden mango trees and banana trees are on property. Home has tile in main living area and carpet in master and 1 guest bedroom. There is a butler pantry off of the kitchen that is 5×5. There is a bonus room off the master that can be used as an office or sitting area that is 5×11. Live and play on the water.
Main Features
3 Bedrooms
2 Bathrooms
Interior: 1,169 sqft
Lot: 8,319 sqft
Year Built: 1977
MLS #: 386351
Location
1583 SW Seagull Way
Palm City, FL 34990
USA
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About Lighthouse Point and Seagate Harbor

A boater’s and sailor’s Delight in an affordable waterfront niche community with deep water dockage! Nature and families are the focus in this desirable community characterized by beautiful homes, parks, nearby golf, restaurants, shopping, and A Rated schools!

Lighthouse Point and Seagate Harbor real estate in Palm City FL

Almost every home has waterfront dockage available in an intricate network of deep water canals. Some select homes with wide views of the Saint Lucie River. A community boat ramp is also available. Everything a boater would want!

Lighthouse Point and Seagate Harbor in Palm City FL

The homeowner’s association is very reasonable at only $50 and $75 per year, most of which goes towards a number of great community get togethers throughout the year. These two neighboring communities are in the ‘A’ rated Martin County school system with local children currently zoned fir Bessey Creek Elementary, Hidden Oaks Middle and Martin County High Schools.

Lighthouse Point and Seagate Harbor in Palm City FL

There are no fixed bridges to the open Ocean (Only high span 60’ +). The canals are maintained and dredged to a 6’ depth. In recent years sewer and city water have been brought to these communities which has resulted in the transformation starting to take place in this waterfront neighborhood as homes are being torn down or renovated to larger and more state of the art structures.

Those looking for affordable waterfront in the Martin County area may want to act sooner than later as current prices have been rising rapidly.

Search the Martin County MLSSearch for available homes in Lighthouse Point and Seagate Harbor

Price Reduced – Seagate Harbor Waterfront Pool Home

Stuart FL 34997 Residential Market Report June 2016

07.16.16 by

Stuart FL 34997 Residential Market Report June 2016

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

 

There are currently 299 active listings (Decreased by 5 homes from May).

Stuart FL 34997 Residential Market Report June 2016

173 Residential sales are pending and awaiting close or lender approval (Down by 43 homes from May).

Stuart FL 34997 Residential Market Report June 2016

125 Homes Sold in June (Increased by 16 homes from May)

Stuart FL 34997 Residential Market Report June 2016

      The Stuart Florida Residential Market for ZIP Code 34997 is the largest segment of the Stuart FL residential real estate market. It is also currently the most active in terms of sales volume and shows little signs of easing up.  Though, I will expect some softening for the summer months.
     The absorption rate continues to drop, now down to 2.4 months (was 2.8 months for May).  A very strong sellers’ 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 2015 numbers for June, were: 257 active listings, 200 pending listings and 113 closed sales.  Closed sales outpaced last years’ volume though pending sales numbers are lower.  Inventory is higher this year than last.
Stuart FL 34997 Residential Market Report June 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 June 2016

 

Stuart FL 34996 Condo Market Report June 2016

07.15.16 by

Stuart FL 34996 Condo Market Report June 2016

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

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

There are currently 74 active condo listings (Down by 46 condos last month).

Stuart FL 34996 Condo Market Report June 2016

27 Condo sales are pending and awaiting close or lender approval (Decreased by 13 condos from May).

Stuart FL 34996 Condo Market Report June 2016

21 Condos Sold in June (Decreased by 11 condos from May) 

Stuart FL 34996 Condo Market Report June 2016

The Stuart FL 34996 Condo Market of Stuart had a large unexpected drop in inventory for this month.  Though the market activity remains strong.  It remains to be seen if this decline in inventory is just a short term phenomenon.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 3.5 months from May’s 3.8  months.  Still in a strong sellers’ market for June.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for June 2015 were: 102 active listings, 28 pending sales and 26 closed sales.  Slightly better volume last year but also with much more inventory.

Stuart FL 34996 Condo Market Report June 2016

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Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report June 2016