North River Shores February 2016 Market Update

The North River Shores February 2016 Market Update for Stuart Florida:

There are currently 5 active listings in North River Shores. List prices range from $279,900 to $1,250,000. The average list price is $557,966 based on $265.62 per square foot of living area.

2 homes are under contract (pending sales). List prices were $339,900 and $650,000 for an average of $494,950 which equates to a $237.07 price per sq. ft. of living area. These two homes averaged 93 days on the market before accepting offers.

In the past 12 months, 30 homes have sold in North River Shores at an average sales price of $477,390 or at $195.18 per square foot of living area. Sales prices ranged from $95,500 to $2,050,000 and averaged 94% of the last list price. These homes were on the market for an average of 96 days prior to accepting the offers that lead to the sale.

The area north of the Roosevelt Bridge to Britt Road and west of US 1 is sometimes loosely referred to as “North River Shores.” However, North River Shores and its companion neighborhoods of Cocoanut Point and North River Forest are distinct subdivisions as recorded in Martin County records.

Members of these communities enjoy the benefits of designated park areas as well as the use of the boat ramp at Nosaw Park which accesses the North Fork of the St. Lucie River.There are also some accompanying deed restrictions that enhance and protect the aesthetic nature of this beautiful community.

The North River Shores communities include both waterfront and non-waterfront homes. Waterfront homes may have sweeping miles wide views of the North Fork of the Saint Lucie River or protected canal front homes with deep water dockage. Additionally, North River Shores is a bird and wildlife sanctuary.

This community is blessed with easy access to shopping, the beaches, houses of worship, schools and access to both downtown Stuart and Jensen Beach, yet it maintains a quiet and peacefully neighborhood character. This is a wonderful neighborhood within Martin County’s ‘A’ rated school district.For additional information about North River Shores and/or the surrounding communities, contact Gabe Sanders or of Premier Realty Group.

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North River Shores February 2016 Market Update

Jensen Beach FL 34957 Condo Market Report January 2016

02.20.16 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report January 2016

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

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

There are currently 39 active listings. (Increased by 2 condos from December)

19 Condo sales are pending and awaiting settlement. (Increased by 7 condos from December)

6 Condos Sold (Decreased by 5 condos from December)

The Jensen Beach FL 34957 Condo Market Report January 2016 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic. Sales were off for the first month of 2016 while both the inventory and pending sales showed improvement.

The one month absorption rate for the January 2016, Jensen Beach Florida Market Report ZIP Code 34957 increased to 6.5 months (from 5.3 months in December), bringing this segment of the Martin County condo market back into a balanced market again, after one month as a sellers market. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The January 2015 numbers were: 40 active listings, 19 pending sales and 9 condos closed. Other than fewer closed sales for this year, identical numbers from 2015.

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Jensen Beach FL 34957 Condo Market Report January 2016

Angler Cove Condos February 2016 Market Update

02.20.16 by Gabe Sanders

Angler Cove Condos February 2016 Market Update

There are currently 2 Angler Cove condos available for sale. The list rices are $210,000 and $310,000 which works out to an average price of $260,000 or $187.09 per sq. ft. of living area.

There are no condos under contract at this time in Angler Cove

In the past 12 months there have been 6 sales. Sales prices ranged from $172,000 to $320,000 for an average sales price of $226,333 or $170.69 per sq. ft. of living area. The list to sales prices averaged at 93%. These condos averaged 202 days on market before going under contract.

(Please consider that some condos in Angler Cove have deeded docks and some don’t. This can add to the wide disparity of both listing and sales prices)

Angler Cove Condos on Hutchinson Island in Stuart Florida is a unique complex with 10 buildings amd 64 units surrounding a man made cove with deep water dockage for the boating enthusiast.

Units include spacious two bedroom units as well as a number of larger three bedroom townhome style homes. Two buildings on the west side of the complex offer spectacular wide river views of the Intracoastal Waterway (Indian River).

Most first floor units offer dockage just steps outside the living area. Some second floor units have docks available throughout additional spaces in the cove as well as larger docks built out into the Indian River.

Amenities include a full time on-site manager and maintenance man. A clubhouse with a large community pool, barbecue areas and some limited boat parking and deeded beach access.

Very well located just minutes to downtown Stuart Shopping, restaurants and all other services just a short distance away. An excellent place to call home or to have a Florida get-away for those cold winters up north!

Condo association fees vary from $450 to $560 per month. The fees include Basic Cable Tv, Landscape/Lawn care, On Site Manager, Reserve Fund, Trash, Water and Sewer.

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Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Angler Cove Condos February 2016 Market Update

Jensen Beach FL 34957 Residential Market Report January 2016

02.19.16 by Gabe Sanders

Jensen Beach FL 34957 Residential Market Report January 2016

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

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

There are currently 137 active listings. (Up by 16 homes from last month)

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

30 Homes Sold (Increased by 2 homes from December)

The Jensen Beach FL 34957 Residential Market had a welcome rise in inventory to begin the new year. Unfortunately, pending sales were off slightly while the number of closed sales was just 2 homes higher than the end of 2015.

The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 4.6 months (was 4.3 months in December). Remaining in a sellers market. A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.

The January 2015 numbers were: 153 active listings, 65 pending sales and 28 home sales closed. When factoring in the lower inventory for this year, market activity by percentage was better for 2016.

Jensen Beach FL 34957 Residential Market Report January 2016

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Jensen Beach FL 34957 Residential Market Report January 2016

Four Winds on the River Condo February 2016 Market Report

02.19.16 by Gabe Sanders

Four Winds on the River Condo February 2016 Market Report

There is only one condo currently available for sale in Four Winds on the River in Stuart FL. This condo is listed for $229,000 or $168.51 per sq. ft. of living area.

There are no condos currently under contract.

In the past 12 months, 4 condos have sold in Four Winds. Sales prices ranged from $165,000 to $215,000 for an average sales price of $185,000 which equals $136.80 per sq. ft. of living area. These condos sold for an average of 93% of the last listed price and averaged 115 days on market prior to accepting these offers.

A wonderful small condo community on the shores of the wide Saint Lucie River in Stuart, FL, Four Winds on the River was built in 1981 and has seen some major updates and upgrades in recent years. Only 39 units with the availability of two guest suites if needed by residents. All of these condos are 2 BR with the exception of 1 one bedroom unit. Sizes are very generous from 1,900 to 1,350 sq. ft. of living area.

Four Winds on the River real estate

There are ocean access docks suitable for up to a 50′ vessel available for lease. A large riverfront clubhouse with kitchen and ample common areas for events, get-togethers or large parties. Two tennis courts and a heated swimming pool. Four Winds on the River has covered car ports for each condo along with ample guest parking. This is a gated community and the common areas are shared with the small and exclusive community of Snug Harbor West.

Four Winds on the River real estate

The location is exceptional as it is only minutes to the beaches, shopping, medical facilities and downtown Stuart.

Four Winds on the River real estate

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Palm City FL 34990 Condo Market Report January 2016

02.18.16 by Gabe Sanders

Palm City FL 34990 Condo Market Report January 2016

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

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

There are currently 64 active condo listings. (Increased by 12 condos from December)

9 Condo sales are pending and awaiting close or lender approval. (No change in pending condos from last month)

2 Condos Sold in January. (Down by 2 condos from December)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. To begin 2016, this segment of the market had a nice increase in inventory, unfortunately a decrease in closed sales and no increase in pending sales.

The current absorption rate for condos in the 34990 zip code area is an atrocious 34 months (was 13 months in January). A very serious buyers market for Palm City condos. A balanced market is considered to be an absorption rate of around 6 to 7 months.

The January 2015 numbers were: 59 active listings, 12 pending sales and 3 closed sales. Interestingly the inventory for 2016 is now higher than it was for the first month of 2015. One of the only segments of our market that has this. Unfortunately, activity is weaker this year as well.

Palm City FL 34990 Condo Market Report January 2016

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Palm City FL 34990 Condo Market Report January 2016

Rocky Point Fishing Cottage Open House

02.18.16 by Gabe Sanders

Rocky Point Fishing Cottage Open House

Join us in Rocky Point for an open house on Feb. 23 from 10:00 AM to Noon at 4575 SE Manatee Ter.

Adorable 2 bedroom, possible 3 bedroom home located in desirable ROCKY POINT. Property has a water view of the Manatee Pocket from the back yard. Located on an oversize lot with plenty of room to expand, put in a pool or full size garage. CBS construction with terrazzo floors throughout and open floor plan. Kitchen has breakfast bar and Corian counter tops. Screened in back porch and covered front porch. Large carport with equipment closet. Located at the end of the street just 1 house in from the water. Comes with a deeded boat ramp with water access just across the street. Boat slip rentals within walking distance. Hang your hammock under the large mango tree and enjoy Florida living.

Rocky Point in Stuart, FL is a wonderful boating oriented community located just off the Saint Lucie Inlet in beautiful Martin County Florida. Originally a fishing village because of its proximity to the Atlantic Ocean; Rocky Point is now a wonderful family community with a variety of different neighborhoods. Most of Rocky Point is still oriented towards fisherman and boaters with many of the neighborhoods having access to docks, marinas and/or boat ramps. Some neighborhoods have deeded dock rights as well as privately owned ramps and launch facilities. There is also a selection of some luxury waterfront homes with private docks located only a short few minutes cruise to the open Ocean via the Saint Lucie Inlet and within a day’s round trip to the Bahamas.

Bordering Rocky Point to the north and west is the Manatee Pocket. Home of the original Stuart Sailfish fleet (Stuart continues to proudly boast that it’s the ‘Sailfish Capitol of the World’). Now home to a number of Marinas, Charter fleets and the famous Chapman School of Seamanship as well as quite a few excellent restaurants serving the freshest seafood arriving from the Ocean straight to the kitchens daily.

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Rocky Point Fishing Cottage Open House

Palm City FL 34990 Residential Market Report January 2016

02.17.16 by Gabe Sanders

Palm City FL 34990 Residential Market Report January 2016

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

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

There are currently 400 active listings (Increased by 25 homes from December)

156 Residential sales are pending and awaiting close or lender approval. (Increased by 42 homes from last month)

49 Homes Sold in December (Decreased by 11 sold homes from December)

The Palm City FL, zip code 34990, residential real estate market had a strong increase in inventory as well as pending sales to begin the year. Unfortunately sales were off as compared to last month, but I expect this to be only short term as the increase in the under contract numbers should result in more closed sales for the coming months.

The current absorption rate increased to to 8.2 months from 6.3 months in December. Back into a buyers market for the Palm City zip code 34990 area for residential sales. A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The January 2015 numbers were: 443 active listings, 158 pending sales and 55 closed sales. Slightly higher closed sales last year but it was with less inventory. Pending sales are just about the same even with the lower number of available Palm City homes for sale.

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Palm City FL 34990 Residential Market Report January 2016

Affordable Rocky Point Home Open House

02.17.16 by Gabe Sanders

Affordable Rocky Point Home Open House

Join us on Tuesday Feb. 23 from 10 AM to Noon for an open house in Rocky Point at this affordable home.

Enjoy the good life in this 2 Bedroom, 2 Bathroom home in Stuart’s Rocky Point area. Lots of room to store all your toys with plenty of room for an RV and boat. No HOA restrictions to worry about either. This home has an updated kitchen with granite counter tops, washer and dryer as well as a one car garage. Open floor plan that has great space for a casual life style and entertaining. There’s a day dock for residents at the end of the street available for a $50 annual fee. Great location close to boat ramps, marinas and restaurants. All of this can be yours at a very affordable price.

About Rocky Point

All this in wonderful family friendly neighborhoods within Martin County’s ‘A’ rated schools system.

One of the highlights of the year for Rocky Point is the Port Salerno Seafood Festival. Held yearly in the winter, this free festival fills the streets of Historic Port Salerno. In addition to serving up the area’s freshest and tastiest seafood, live music, community booths, arts & crafts, activities for the kids, pirates and more keep the entire family entertained the whole day.

Admission is FREE, though attendees are asked to bring canned goods in exchange for zero admission to benefit a food drive for local food banks.
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Affordable Rocky Point Home Open House

Stuart FL 34997 Condo Market Report January 2016

02.16.16 by Gabe Sanders

Stuart FL 34997 Condo Market Report January 2016

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

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

There are currently 79 active condo listings (Up by 16 condos from December).

Stuart FL 34997 Condo Market Report January 2016

29 Condo sales are pending and awaiting close or lender approval (Increased by 10 condos from December).

Stuart FL 34997 Condo Market Report January 2016

8 Condos Sold in January (Decreased by 13 condos from December).

Stuart FL 34997 Condo Market Report January 2016

The Stuart FL condo market for zip code 34997 started off 2016 with a slow start. While both the inventory and pending sales increased (a good sign for future activity), closed sales too a dive for January.

The one month absorption rate plunged to 3 months from 9.9 months for December. Back into a buyers market after last months sellers market. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The January 2014 numbers were: 44 active listings, 17 pending sales and 11 closed sales. Unfortunately, with a growing inventory this year as compared to 2015, sales activity did not come even close to last year, though this years pending activity is stronger.

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

February 2016 Market Update for Hunters Creek in Palm City FL

02.16.16 by Gabe Sanders

February 2016 Market Update for Hunters Creek in Palm City FL

Currently in February, there is no homes on the market in Hunters Creek in Palm City, FL.

There is one home currently under contract (pending sale). This home was listed for $379,900 which is $147.99 per sq. ft. of living area. It went under contract 6 days after it was listed.

There have been 6 homes sold in the past 12 months in Hunters Creek. Sales prices were from $220,000 to $365,000 for an average sale price of $320,000 which equals $141.73 per sq. ft. of living area. These homes sold on average of 94% of the last listed price and were under contract on an average o30 days after being listed.

Hunters Creek in Palm City FL is a gated community of 68 homes located off of Mapp Road just north of the Oak Ridge subdivision and across the road from Harbour Pointe.

Homes in Hunters Creek were first completed in 1990 and the last home was built in 2001. There are no more vacant lots left to be built as this community is fully matured and built out. All homes are custom built and range in sizes from over 3,800 sq. ft. of living area to just under 1,700. From 5 bedroom pool homes on over a ½ acre of land down to 3 bedroom homes on just over a quarter of an acre.

HOA fees are a very reasonable at under $100 per month. This covers the common areas and security gate along with basic cable TV.

Hunters Creek is very conveniently located near the Palm Cove Golf Club as well as quick access to Florida’s Turnpike and I-95. Also, just a few minutes away from the Palm City Bridge with access to downtown Stuart, Jensen Beach and the beaches of the Atlantic Ocean on Hutchinson Island.

Hunters Creek Homes for Sale in Palm City FL

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February 2016 Market Update for Hunters Creek in Palm City FL

Stuart FL 34997 Residential Market Report January 2016

02.15.16 by Gabe Sanders

Stuart FL 34997 Residential Market Report January 2016

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

There are currently 299 active listings (Decreased by 9 homes from December).

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

88 Homes Sold in January (Increased by 16 homes from December)

The Stuart Florida Residential Market for ZIP Code 34997 continues as the largest and the strongest segment of the Martin County single family real estate market. We have seen an unfortunate continuation of a decrease in inventory which is going to effect future sales unless this trend reverses.

The current one month absorption rate remained almost the same at 3.4 months (was 5.0 months for December). Even a stronger sellers market for the 34997 segment of the Stuart residential market for the beginning of 2016. Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

The 2014 numbers for January, were: 348 active listings, 198 pending listings and 76 closed sales. Even with considerably less inventory, closed sale for 2016 were ahead of last years numbers.

Stuart FL 34997 Residential Market Report January 2016

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Stuart FL 34997 Residential Market Report January 2016

First Floor Vista Pines Condo Sold

02.15.16 by Gabe Sanders

First Floor Vista Pines Condo Sold

This immaculate condition, conveniently located ground floor condo in desirable Vista Pines has been sold by the Gabe Sanders BlueWater Realty Team. The sales price was $54,900. With Vista Pines in such high demand, we managed to get this condo under contract hours after the listing first came on the market.

New A/C in 2012. Remodeled kitchen with stainless appliances. Glassed in porch. Community pool and clubhouse. Walk to shopping, restaurants, and medical, and only 5 minutes to downtown Stuart and the beaches.

The Vista Pines condominium complex consists of over 517 condos very conveniently located on SE Ocean Blvd. just in between the downtown Stuart area and the beaches of Hutchinson Island. Also, close to restaurants, grocery stores and medical facilities that are within walking distance for many.

Vista Pines condos were first built in 1970 and the last one was completed in 1973. All the buildings are two story and contain both 2 Bedroom, 2 Bath and 1 Bedroom 1 Bath units. Sizes range from 1,089 sq. ft. of living space down to 679 sq. ft. 1 bedroom units. Buildings are situated to maximize privacy and for serene views of green space.

There’s an active clubhouse with a large swimming pool as well as shuffleboard courts. No pets are permitted in Vista Pines and this is an age restricted (55+) community. The HOA fees as of August 2014 were from the low $200’s for a 1 Bedroom unit to just over $300 per month for 2 Bedroom condos.

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Stuart FL 34996 Condo Market Report January 2016

02.14.16 by Gabe Sanders

Stuart FL 34996 Condo Market Report January 2016

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

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

There are currently 123 active condo listings (Up by 21 condos last month).

37 Condo sales are pending and awaiting close or lender approval (Increased by 6 condos from December).

11 Condos Sold in January (Decreased by 7 condos from December)

The Stuart FL 34996 Condo Market of Stuart started out 2016 with pretty weak numbers as compared to both last year and last month. Sales declined for January, while pending sales were up but still no where near as strong as last year’s numbers.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 decreased to 11.2 months from December’s 5.7 months. A major jump into a buyers market. A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for January 2014 were: 125 active listings, 60 pending sales and 23 closed sales. Much stronger activity last year as compared to 2016.

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Stuart FL 34996 Condo Market Report January 2016

Another Summerfield Home Under Contract

02.14.16 by Gabe Sanders

Another Summerfield Home Under Contract

7044 SE Cricket Court is now under contract, courtesy of the Gabe Sanders BlueWater realty team. This home was listed for $318,000

Summerfield Golf Club is located on over 275 acres and hosts a little over 500 single family homes adjoining the Champions Golf Course. Selected as one of the top 10 Golf Courses he nation by Golf Magazine in 1995, it is the first public golf course awarded the Audubon Signature Sanctuary Statuary because of its natural beauty. This Tom Fazio designed course is open to the public with very reasonable membership fees. Visit the Champions Course web site for more information at http://www.thechampionsgolfclub.com/

The residential section is known as Summerfield Golf Club and is a secured gated community with homes ranging in size from smaller 2 bedroom coach homes of around 1500 square feet up to 5 bedroom estate homes boasting over 3,000 square feet of living area.

Summerfield boasts an exceptionally large community pool and clubhouse with dining and entertainment facilities, fitness center and a professional 6 court Tennis club. All of these amenities available at very reasonable HOA fees, along with the convenience of on-site manager to handle any issues that may arise.

Very conveniently located near US-1 and Cove Rd, residents can enjoy close proximity to shopping, medical facilities with downtown Stuart only minutes away and only 30 minutes to the palm Beaches. Easy access to I-95 where travel to Orlando or Miami is only 2 hours by car.

The following homes are currently available for sale in Summerfield:

Summerfield Golf Club Homes for Sale

Stuart Florida Real Estate

Another Summerfield Home Under Contract

Stuart FL 34996 Residential Market Report January 2016

02.13.16 by Gabe Sanders

Stuart FL 34996 Residential Market Report January 2016

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

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

There are currently 160 active listings (Down by 10 homes from December).

42 Residential sales are pending and awaiting close or lender approval (Up by 18 homes from December).

10 Homes Sold in January (Decreased by 2 homes from December).

The 34996 zip code area of the Stuart Florida residential real estate market had a drop in sales and inventory for the beginning of the year. The good news is the big jump in pending sales which should result in better closed sale numbers in the following months.

The one month absorption rate for the 34996 zip code area of Stuart Florida for January increased to 16 months as compared to December’s 14.2 months. Still a strong buyers market for this section of Martin County, but this number should improve when the strong pending numbers translate into sales. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for January of 2014 were: 160 active listings, 41 pending sales and 7 closed sales. Similar activity when compared to 2015, though with a slight edge to to this year’s numbers with slightly better activity.

Stuart FL 34996 Residential Market Report January 2016

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Stuart FL 34996 Residential Market Report January 2016

Stuart FL 34994 Condo Market Report January 2016

02.12.16 by Gabe Sanders

Stuart FL 34994 Condo Market Report January 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for January 2016

For January 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 102 active condo listings (Up by 9 condos from December).

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

15 Condos Sold in January (Down by 2 condos from December).

The Stuart FL 34994 Condo market started the year with slower sales activity than the end of last year, but still better than this period from last year. Nice to see a bit of an increase in inventory. I hope this will continue.

The one month absorption rate increased to 6.8 months compared to last month’s 5.5. Back into a balanced 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 January the numbers were 111 active listings, 35 pending sales, and 9 closed sales. Better closed activity this year with very similar inventory levels, with less pending sales though.

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Stuart Florida Market Report ZIP Code 34994 – Condo, January 2016

Stuart Florida Market Report ZIP Code 34994 Residential January 2016

02.11.16 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Residential January 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for January 2016

For January, 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 59 active listings (Unchanged from December)

14 Residential sales are pending and awaiting close or lender approval (Decreased by 4 homes from last month).

1o Homes Sold in December (Down by 2 homes from December)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a weaker month to begin the new year after a very strong finish to 2015.

The one month absorption rate for the 34994 zip code for January jumped to 5.9 months from last months 4.9 months. Just about a balanced market 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 January 2014 numbers were 85 Active Listings, 37 pending sales and 9 closed sales. Much more active market back last year, though closed sales just edged out last years numbers. We could use more active listings in the 34994 zip code of Stuart FL.

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Stuart Florida Market Report ZIP Code 34994 Residential January 2016

1st Floor Cedar Pointe Condo Village 8 Sold

02.11.16 by Gabe Sanders

1st Floor Cedar Pointe Condo Village 8 Sold

This Cedar Pointe 2 bedroom 2 bathroom condo in Village 8 Building 140 Suite 3 has been sold by the Gabe Sanders BlueWater realty team. This condo sold for $59,000 after some seller price concessions for needed repairs.

First floor 2 bedroom and 2 bathroom condo in Cedar Pointe. Full width glassed/screened patio in rear leading out to a quiet garden area. Conveniently located next to the Village 8 heated pool and clubhouse and within minutes of beaches, golf, fishing, shopping, historic downtown Stuart, as well as many medical and professional services. This is an excellent opportunity for an affordable permanent home right in the heart of Stuart, or use it as your getaway from those cold northern winters.

Cedar Pointe is an active adult community of 62, 2 story buildings divided into 8 villages with numerous clubhouses and pools as well as recreational areas. One of the prime locations in the city of Stuart only minutes away from the pristine beaches of the Atlantic Ocean and close to shopping, restaurants and medical facilities.

This 55+ community is the jewel of the Stuart area condominiums because of it’s location, reasonable condo fees from the high $200′s to the low $300′s per month depending on size and village (each village sets their own budget). Cedar Pointe does not allow dogs. One indoor cat is permitted in Villages 1 through 5.

Condominium units consist of 1 bedroom 1 and 1/2 bathroom units and 2 bedroom, 2 bath units. Each condo has one assigned parking spot along with numerous guests spots throughout the complex. Laundry facilities are available in each building.

Currently a very affordable complex for those looking for a full time Stuart, Florida home or just a winter getaway.

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1st Floor Cedar Pointe Condo Village 8 Sold

Sewalls Point Single Family Market Report January 2016

02.10.16 by Gabe Sanders

Sewalls Point Single Family Market Report January 2016

Sewalls Point Real Estate Snapshot, Residential Sales for January 2016

There are currently 57 active listings (Up by 6 homes since last month)

15 home sales are pending and awaiting close or lender approval (Increased by 2 homes from December)

4 Homes sold in January (Up by 1 sales from December)

The single family real estate market in Sewalls Point remains challenging as many of the homes in this community are in the higher end of the price spectrum or some homes are older and in need of updating and the sellers feel the cache of this exclusive community warrants the listing price.

The current absorption rate dropped to 14.25 months, in December it was 17 months. Still a strong buyers market for Sewalls Point. Though, if the trend for improving sales continue, this may soon come to an end. A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to January of 2014, the inventory was 58 homes on the market, 10 pending sales and there were 3 closed sales. With very similar inventory, market activity is better for 2016 than for last year in Sewalls Point, but still plenty of room for improvement.

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