Kingswood Condo August 2015 Market Report

Kingswood Condo August 2015 Market Report

August 2015 Market Update:

There are 8 condos currently for sale in the Kingswood condo community of Stuart FL.  Listing prices are from$49,900 to $98,000 for an average list price of $67,825 which equals $66.36 per sq. ft. of living area.

There are currently 4 condos under contract with list prices from$52,0000 to $119,00 for an average list price for these pending sales of $85,225 or $73.53 per sq. ft. of living area.

29 condos have sold in the past 12 months.  Ranging in sales price from $28,000 to $85,000.  The average sales price was $55,833 which comes out to $53.29 per sq. ft. of living area.  These condos sold on average of 67 days on market days with sales prices at 89% of list price.

Kingswood Condos in Stuart FL

Kingswood Condos are located in the heart of Stuart and within walking distance of shopping, restaurants and medical facilities is the Kingswood Condominium complex of Stuart FL. Just a short ride out to the beaches or to historic downtown Stuart, this location is just difficult to beat.

Kingswood Condo August 2015 Market Report

Kingswood consists of 444 condominiums that were built from 1970 till 1995. There are various floor plans and sizes ranging from 2 Bedroom, 2 Bathroom condos with 1,236 sq. ft. of living area down to 1 Bedroom, 1 bathroom condos with 691 sq. ft. of living area.

Kingswood Condo in Stuart FL

Most of Kingswood’s buildings are two stories with condos on each floor, though there are three newer 4 story elevator buildings with some units offering views f the Saint Lucie River. There are three community pools in Kingswood.

Kingswood Condo in Stuart FL Kingswood Condo in Stuart FL

HOA fees vary from size and location of the unit and are currently from just over $200 per month up to $360 per month. These fees cover the recreation area, building insurance, water, sewer, trash and pest control as well as basic cable TV.

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Kingswood Condo August 2015 Market Report

July 2015 Palm Beach County Update

July 2015 Palm Beach County Update

Meadows Townhouse in Palm City Sold

Meadows Townhouse in Palm City Sold

the Meadows real estate in Palm City FL

Yet another townhouse in the Meadows has been sold by the Gabe Sanders BlueWater realty team. 2502 SW Danbury Lane is no longer for sale because our buyers are now moving into their new home.

the Meadows real estate in Palm City FL

Well maintained townhome in the Meadows, a guard gated community excellently located near the Turnpike, shopping, and great schools. This home has an updated eat in kitchen with granite counters, stainless steel appliances, glass tile back splash, and a copper sink. You’ll find both spacious en-suite bedrooms upstairs, with plenty of closet space. Enjoy the screened in porch with morning sunshine. This is a well loved and cared for home. Tennis courts, bocce courts, heated pool and a playground also included! It’s time to pack!

the Meadows real estate in Palm City FL

The Meadows at Martin Downs is a family friendly residential community very well situated in Palm City, Florida. Their are 832 homes consisting of single-family homes, duplexes, 4 unit townhouses, and 4 unit patio homes. The Meadows community is divided into 6  distinct villages which are named: Greenwich, Lakemont, Mayflower, Brighton, Foxboro and Ridgewood.

Entrance to the Meadows

This is a guard gated community with round-the-clock security.  Residents of the meadows enjoy a large heated swimming pool, a tot pool, children’s playground adjacent to the pool, basket ball, 3 lighted tennis courts, a horseshoe pit and 2 bocce courts.  Near the entrance, between the gatehouse and the fountain, is a 2200 square foot recreation center, known as The Meadows House, which also houses the administrative offices of  the Homeowners Association.

 Homes in the Meadows

This community came into existence through the efforts of local developer Peter Cumming who submitted the plans for the community around 1988.  Shortly thereafter, Burg and DiVosta (soon to be just DiVosta) began developing the land in the area called Martin Downs for the soon to be constructed villages of The Meadows.

Homes in the Meadows

Divosta started construction on the site known as The Meadows in 1988 by building two structures from which to sell. One was a Single Family home (Hampton) in what is now known as Greenwich Village, and the other was a four unit Town Home building (Stamford) in what is now known as Lakemont Village. Both types of homes were started in The Meadows at about the same time in 1988.  DiVosta completed the Meadows in 1993 and turned the administration and running of the community to The Meadows Homeowners Association which runs the community through elected officers as well as a full time support staff.

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Meadows Townhouse in Palm City Sold

July 2015 Saint Lucie County County Update

July 2015 Saint Lucie County Market Update

Tres Belle August 2015 Market Report

Tres Belle August 2015 Market Report

August 2015 Market Update:

There are 7 homes currently for sale in the Tres Belle subdivision of Stuart FL.  Listing prices are from $579,900 to $1,067,183 for an average list price of $774,840 and works out to $201.60 per sq. ft. of living area.  A number of these homes are new construction from Kolter Homes.  Those interested, please ask about our new home buyer rebate program.

There are currently 2 homes under contract with list prices of $550,0000 and $649,900 for an average list price for these pending sales of $599,950 or $171.46 per sq. ft. of living area.

21 homes have sold in the past 12 months.  Ranging in sales price from $480,000 to $765,714.  The average sales price was $615,657 which comes out to $183.52 per sq. ft. of living area.  These homes sold on average of 122 days on market days with sales prices at 98% of list price.

Tres Belle Stuart Florida real estate

The Tres Belle Estates in Stuart FL is a Kolter Homes development of approximately 167 homes on a minimum of ½ acre lots located just east of Kanner Highway on Cove Road in Stuart FL.

Tres Belle Stuart Florida real estate Tres Belle Stuart Florida real estate

The first homes were completed in 2007 and construction and sales of new homes continue to this date (August 2015).  Homes range in size from a minimum of 3 bedrooms and 2 baths with over 2,500 sq. ft. of living area up to 4 and 5 bedroom, 5 bath homes with close to 4,500 sq. ft. of living area.

Tres Belle Stuart Florida real estate Tres Belle Stuart Florida real estate

Tres Belle is located adjacent to the Atlantic Ridge Preserve State Park which has miles and miles of rugged and scenic trails.  Also, close to shopping on US-1 as well as at the intersection of Cove Rd and Kanner Hwy.  Martin Memorial Hospital South is only a few minutes away.  A consistently highly rated medical facility.  For those looking to commute or just be close to the Interstate, I-95 is only a minute or two away.

pool 1 Tres Belle Stuart Florida real estate

For boaters, there are an abundance of  waterways and boat ramps and marinas are only a short ride and only a few minutes to your choice of beaches at either Stuart or Jupiter Island.

Tres Belle Stuart Florida real estate Tres Belle Stuart Florida real estate

Tres Belle is located in the ‘A’ rated school district of Martin County with children currently slated for Crystal Lake elementary, David L. Anderson middle and South Fork high schools.

Tres Belle Stuart Florida real estate Tres Belle Stuart Florida real estate

The HOA fees are $588 per quarter and include maintenance of the common areas as well as Cable TV.  This is a pet friendly community.

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Tres Belle August 2015 Market Report

July 2015 Martin County Update

July 2015 Martin County Local Update

Hobe Sound FL 33455 Condo Market Report July 2015

Hobe Sound FL 33455 Condo Market Report July 2015

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for July 2015

 

For July 2014 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 3 active condo listings. (Down by 5 condos from June)

Hobe Sound FL 33455 Condo Market Report July 2015

6 Condos are pending and awaiting close. (Up by 4 condos from June)

Hobe Sound FL 33455 Condo Market Report July 2015

1 Condos sold in June (Decreased by 5 condos from June)

Hobe Sound FL 33455 Condo Market Report July 2015

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  I may have to stop reporting on Hobe Sound condos if we don’t get more inventory in the next few months.  We are down now to only 3 active listings.  This is the lowest inventory I’ve ever seen in Hobe Sound or any other segment of the Martin County real estate market since we’ve been looking at the data.

The current absorption rate is 3 months (Last month it was 1.3 months). The statistics within this segment should be taken with a grain of salt, as small changes in activity make for very large changes on percentages that July 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 July 2014 numbers were: 17 active listings, 4 pending sales and 2 closed sales.  Better closed activity last year, but we still have more pending sales this year.

Hobe Sound FL 33455 Condo Market Report July 2015

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Hobe Sound FL 33455 Condo Market Report July 2015

 

Hobe Sound FL 33455 Residential Market Report July 2015

Hobe Sound FL 33455 Residential Market Report July 2015

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

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

There are currently 163 active listings. (Up by 13 homes from June)

Hobe Sound FL 33455 Residential Market Report July 2015

90 Residential sales are pending and awaiting close  (Down by 29 homes from June)

Hobe Sound FL 33455 Residential Market Report July 2015

55 Homes Sold in July (Down by 6 homes from last month)

Hobe Sound FL 33455 Residential Market Report July 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County remains very strong.  Both sales and pending sales retreated a bit from last month, but still remain very strong.  The inventory took a slight increase from last month.  This is a much needed statistic that will hopefully continue in the months ahead.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased to 3 months (2.5 months in June).  Still a strong seller’s market for the Hobe Sound area of Martin County.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for July 2014 were:  237 active listings, 80 pending sales and 51 closed sales.  Even with the significantly smaller inventory, sales activity is better than last year.

Hobe Sound FL 33455 Residential Market Report July 2015

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Hobe Sound FL 33455 Residential Market Report July 2015

Affordable Palm City Pool Home Sold

Affordable Palm City Pool Home Sold

Palm City Pool Home

The Gabe Sanders BlueWater realty team is pleased to announce the sale of 877 SW 33rd St in Palm City.  Sold for full listed price of $192,500 after only 1 day of being back on the market when the previous buyer backed out.  We want to welcome the new residents of this great neighborhood in Palm City.

Palm City Pool Home Palm City Pool Home

Enjoy the good life in this Palm City pool home with no HOA.  Sitting in a quiet neighborhood with mature trees and landscaping.  Enter this charming 3 bedroom, 2 bathroom home into a huge oversized kitchen.  Then, move on to either the living room or family room with serene views of your large pool and fenced backyard.  Step outside for a swim or just play in your private pool or gather your friends and neighbors for a barbecue in your own outdoor space.

Palm City Pool Home Palm City Pool Home

This home is conveniently located close to shopping, restaurants and just a quick ride to the downtown Stuart area and beaches as well.  Less than one mile to a public boat ramp, this is Florida living at its best and it’s yours for under $200,000.

Palm City Pool Home Palm City Pool Home

Search here for all Palm City Pool Homes currently available from the Martin County MLS

Palm City Pool Home Palm City Pool Home

Affordable Palm City Pool Home Sold

Jensen Beach FL 34957 Condo Market Report July 2015

Jensen Beach FL 34957 Condo Market Report July 2015

 

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

 

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



There are currently 25 active listings. (Decreased by 6 condos from June)

Jensen Beach FL 34957 Condo Market Report July 2015

13 Condo sales are pending and awaiting settlement. (Increased by 2 condos from June)

Jensen Beach FL 34957 Condo Market Report July 2015

3 Condos Sold (Decreased by 2 condos from June)

Jensen Beach FL 34957 Condo Market Report July 2015

 The Jensen Beach FL 34957 Condo Market Report July 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  Activity has been dropping in the Jensen Beach condo market.  Some of this decrease is due to the very low inventory levels we presently have and the rest due to the fact that summer is a slow season for our condo market.

The one month absorption rate for the July 2015, Jensen Beach Florida Market Report ZIP Code 34957 rose to 8.3  months (from 6.2 months in June), back into a buyer’s market after many, many months of being a seller’s market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The July 2014 numbers were: 30 active listings, 13 pending sales and 1 condos closed.  Slightly better closed numbers this year.

Jensen Beach FL 34957 Condo Market Report July 2015

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Jensen Beach FL 34957 Condo Market Report July 2015

Jensen Beach FL 34957 Residential Market Report July 2015

Jensen Beach FL 34957 Residential Market Report July 2015

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

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

 There are currently 108 active listings. (Down by 11 homes from last month)

Jensen Beach FL 34957 Residential Market Report July 2015

85 Residential sales are pending and awaiting close or lender approval. (Down by 5 homes from June)

Jensen Beach FL 34957 Residential Market Report July 2015

35 Homes Sold (Decreased by 11 homes from June)

Jensen Beach FL 34957 Residential Market Report July 2015

The Jensen Beach FL 34957 Residential Market eased a little for July in sales activity.  Though it remains quite strong and we wouldn’t mind seeing a bit more inventory come on the market to make this activity a bit more sustainable for the future..  The Jensen Beach residential sales activity remains among the strongest of the County.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 3.1 months (was 2.6 months in June).  Remaining in a strong sellers market for Jensen Beach residential home sales.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The July 2014 numbers were: 104 active listings, 76 pending sales and 29 home sales closed.   One of our few areas in Martin County where the inventory this year exceeds last year’s.  Market activity for 2015 is also much better than last year.
Jensen Beach FL 34957 Residential Market Report July 2015

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Jensen Beach FL 34957 Residential Market Report July 2015

Hutchinson Island Condo Available for Rent

Hutchinson Island Condo Available for Rent

Green Turtle Cove Condo Jensen Beach FL

Jensen Beach, FL is home to this Green Turtle Cove condo which is now available for either seasonal rental (3 month minimum) or for a yearly lease.  Offered fully furnished and ready for immediate occupancy this condo can be rented for $1,800 a month annually or $2,800 a month seasonally.

Green Turtle Cove Condo Jensen Beach FL Green Turtle Cove Condo Jensen Beach FL

Hutchinson Island rental in Jensen Beach FL in Green Turtle Cove.  A well located condo complex with ocean access docks that may be available for lease as well.  Spend your winters in sunny Florida. First floor unit, split floor plan, 2 bedrooms, 2 bath, with patio that runs the length of the unit, just steps away from the community pool and the warm Atlantic ocean. Sit on your patio and enjoy the ocean breezes or play a game of tennis. Close to restaurants, shops, public golf courses, the Elliott Museum and Florida Oceanographic Center. So much to do.  This furnished condo is available for seasonal or full year rental.  Call for details.

Green Turtle Cove Condo Jensen Beach FL Green Turtle Cove Condo Jensen Beach FL

The Green Turtle Cove Condominium Complex is located just South of the Jensen Beach Causeway on Hutchinson Island in Martin County Florida.  It lies directly across the street from the public beach in Jensen beach with guarded beaches, a snack bar and beach volleyball courts.  Also, soon to break ground is a new luxury resort to be built on the grounds of the old Holiday Inn, also across the street.

Green Turtle Cove Condo Hutchinson Island FL Green Turtle Cove Condo Hutchinson Island FL

Green Turtle cove consists of two 40 unit buildings.  The South building was completed in 1973 and the North building shortly after in 1974.  This complex in on the shores of the Indian River (Intracoastal Waterway) and has docks which are available to residents on a first come first served basis for the nominal fee of $25.00 a month.  There’s also a lake on the grounds as well as a swimming pool, vehicle wash area and BBQ stations.

Green Turtle Cove Condo Hutchinson Island FL Green Turtle Cove Condo Hutchinson Island FL

Each building has secured entry through a lobby and has elevator service to the four stories.  There is reserved parking as well as an ample supply of guest spots.  Each unit is 2 bedroom and 2 bath with 1,204 sq. ft. of living space under air and a generous balcony with views of either the lake, preserve, river and some with peaks of the ocean.

Green Turtle Cove Condo Jensen Beach FL

No pets are permitted in Green Turtle Cove, though there are liberal rental rules allowing part time residents to lower their cost of ownership by leasing out their condo for a few months a year. As of this writing, Condo and management fees are around $415 per month.

Green Turtle Cove Condo Hutchinson Island FL Green Turtle Cove Condo Hutchinson Island FL

Currently Green Turtle Cove is one of the more affordable condos for those wishing both river and ocean access.  (I’m told there is great fishing right from the private docks.)

Search here for Green Turtle Cove Condos for Sale

Links to all Martin County Condos on Hutchinson Island in Stuart and Jensen Beach you may wish to consider:
Angler Cove  Beachwood Villas  Buttonwood  Dune Condominium  Fairwinds Cove  Green Turtle Cove  Hutchinson House Indian River Plantation Condos  Islander 12  Jensen Beach Club  Little Ocean Club  Little Ocean Place  Maritimes  Ocean View Sailfish Point  Sandpebble  Seaside  Suntide

Hutchinson Island Condo Available for Rent

Palm City FL 34990 Condo Market Report July 2015

Palm City FL 34990 Condo Market Report July 2015

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

 

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



There are currently 60 active condo listings. (Up by 9 condos from June)

Palm City FL 34990 Condo Market Report July 2015

7 Condo sales are pending and awaiting close or lender approval. (Decreased by 7 condos from last month)

Palm City FL 34990 Condo Market Report July 2015

6 Condos Sold in July. (Down by 2 condos from June)

Palm City FL 34990 Condo Market Report July 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  It’s good to see a rebound in the inventory, though unfortunately both closed and pending sales were off this month.  Not unexpected as the condo market often slows down during the summer season.

The current absorption rate for condos in the 34990 zip code area declined to 10 months (was 6.4 months in August).   Back into a buyer’s market after last month’s balanced market. A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The July 2014 numbers were: 59 active listings, 6 pending sales and 1 closed sales.   Even though July was slower than June, it is still much better activity than for last July.
Palm City FL 34990 Condo Market Report July 2015

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Palm City FL 34990 Condo Market Report July 2015

And Another Townhome in River Pines Sold

And Another Townhome in River Pines Sold

River Pines real estate in Stuart FL

5914 SE Riverboat Drive in River Pines in Stuart, FL has sold.  The sales price was $131,700 reflecting the rise in value of these well maintained townhomes in this wonderful Stuart community.  This is the 5th River Pines sale by the BlueWater realty team in the past two years and we expect some more coming soon.

River Pines real estate in Stuart FL

New! New! New! New kitchen with real wood cabinets! New solid slab custom granite counter tops! New stainless steel quality Whirlpool appliances! New wood laminate flooring in bedrooms and living room + new stone style tile in kitchen & baths! New custom wood baseboards! New vanities and counter tops in bathrooms! New electric outlets throughout entire home! New water heater & water lines! New fans!

River Pines real estate in Stuart FL
River Pines real estate in Stuart FL

Large fenced courtyard with shed in the waterfront community of River Pines located adjacent to the Intracoastal Waterway and the Saint Lucie Inlet. Easy access to the community pool, tennis and racquetball courts, kayak launch as well as all the amenities of the manatee pocket such as great restaurants and marinas. Golf, tennis and social memberships also available for the Miles Grant country club across the street. Enjoy this true “hideaway” in the quaint fishing village known as Port Salerno.

River Pines Town Home in Stuart FL

About River Pines in Stuart Florida

Located just off the Intracoastal Waterway off of Cove Road in Stuart is the River Pines community. 396 private residences in quad style town-homes.   This community was built in 1981 and 1982 and all homes are 1288 sq. ft. of living area with 2 bedrooms and 2 and ½ baths. There are large private courtyards for each home, some of which the residents have enclosed for added living area.

Only a short walk or bike ride to the Saint Lucie River with access for kayak launch. Boat ramps also nearby. All ages are welcome and 2 small pets are permitted. Each home has 2 reserved parking spots with additional guest parking. Amenities include 2 Community pools, tennis courts and racquetball/handball courts. There’s also a private preserve adjacent to the Intracoastal available exclusively for residents use.

A very well-run community with excellent financials. Residents have the option of joining the Miles Grant golf club (just across the street).

River Pines in Stuart FL

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And Another Townhome in River Pines Sold

Palm City FL 34990 Residential Market Report July 2015

Palm City FL 34990 Residential Market Report July 2015

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

 

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


There are currently 363 active listings (Increased by 5 homes from June)

Palm City FL 34990 Residential Market Report July 2015

 162 Residential sales are pending and awaiting close or lender approval. (Decreased by 1 homes from last month)

Palm City FL 34990 Residential Market Report July 2015

71 Homes Sold in June (Decreased by 57 sold homes from June)

Palm City FL 34990 Residential Market Report July 2015

After a very strong June, the Palm City FL 34990 residential real estate market eased a bit for July.  Though still excellent activity and one that is far more sustainable for the future.  Of interest, is the small rise in inventory.  Hopefully this will continue for the coming months.
 The current absorption rate jumped up to 5.1 months from 2.8 months in June.  Still a slight 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 July 2014 numbers were:  432 active listings, 148 pending sales and 73 closed sales.  Better pending sales and almost identical closed sales with a considerably reduced inventory.  Makes 2015 a better market than last year for Palm City.

Palm City FL 34990 Residential Market Report July 2015

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Palm City FL 34990 Residential Market Report July 2015

Stuart FL 34997 Condo Market Report July 2015

Stuart FL 34997 Condo Market Report July 2015

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

 

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

There are currently 38 active condo listings (Up by 3 condos from June).

Stuart FL 34997 Condo Market Report July 2015

12 Condo sales are pending and awaiting close or lender approval (Decreased by 7 condos from June).

Stuart FL 34997 Condo Market Report July 2015

10 Condos Sold in July (Decreased by 7 condos from June).

Stuart FL 34997 Condo Market Report July 2015

The Stuart FL condo market for zip code 34997 showed reduced closed and pending sales.  This was expected as we head into the slower summer months and also with such a low amount of available condos currently for sale.
The one month absorption rate increased to 3.8 months from 2 months for June.  Continuing as a strong seller’s market for now, though as we get into summer I expect this extreme market to ease up a bit.  A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The July 2014 numbers were: 61 active listings, 28 pending sales and 21 closed sales.   Our sales numbers are down compared to last year, but our inventory is only a little half of what it was last year as well.

Stuart FL 34997 Condo Market Report July 2015

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

 

 

Stuart FL 34997 Residential Market Report July 2015

Stuart FL 34997 Residential Market Report July 2015

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

 

There are currently 232 active listings (Decreased by 25 homes from June).

Stuart FL 34997 Residential Market Report July 2015

190 Residential sales are pending and awaiting close or lender approval (Decreased by 10 homes from June).

Stuart FL 34997 Residential Market Report July 2015

83 Homes Sold in July (Decreased by 30 homes from June)

Stuart FL 34997 Residential Market Report July 2015

      The Stuart Florida Residential Market for ZIP Code 34997 continues as the best performing segment of the Stuart residential market.  Both closed and pending sales are doing well, though as the inventory shrinks, the sales volume can’t keep up with the torrid pace set from last month.
     The current one month absorption rate increased to 2.8  months (was 2.3 months for June).  Remaining in a very strong seller’s market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2014 numbers for July, were: 362 active listings, 189 pending listings and 78 closed sales.  Even with an inventory that is over 33% less than last year, closed and pending sales are still better for 2015.  Our strongest local market.
Stuart FL 34997 Residential Market Report July 2015

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Stuart Florida Real Estate presented by:
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Stuart FL 34997 Residential Market Report July 2015

 

Stuart FL 34996 Condo Market Report July 2015

Stuart FL 34996 Condo Market Report July 2015

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

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

There are currently 92 active condo listings (Down by 10 condos last month).

Stuart FL 34996 Condo Market Report July 2015

42 Condo sales are pending and awaiting close or lender approval (Increased by 16 condos from June).

Stuart FL 34996 Condo Market Report July 2015

16 Condos Sold in July (Decreased by 10 condos from June) 

Stuart FL 34996 Condo Market Report July 2015

The Stuart FL 34996 Condo Market moderated a bit for July.  Closed sales were down from the previous month and unfortunately the inventory continues to drop.  Surprisingly there was a large jump in pending sales which is a good indication for continued strong activity for the remainder of the summer..

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 5.8 months from June’s 3.9 months.  Drifting close to a balanced market for July.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for July 2014 were: 143 active listings, 45 pending sales and 11 closed sales.  Better activity this year even though our inventory is significantly lower than it was in July of 2014.

Stuart FL 34996 Condo Market Report July 2015

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Stuart FL 34996 Condo Market Report July 2015

Eagle Lake Villa in Palm City Under Contract

Eagle Lake Villa in Palm City Under Contract

Eagle Lake real estate in Martin Downs

The Gabe Sanders BlueWater realty team was pleased to find the buyer for this Eagle Lake villa in the Martin Downs Country Club of Palm City.  This home is listed at $174,000 and is now under contract.

Eagle Lake real estate in Martin Downs Eagle Lake real estate in Martin Downs

Exceptional Palm City villa in Eagle Lake with serene long lake views. This home feature a tiled entry foyer with bi-fold screened door and closet and laminated flooring and tile. The kitchen has been updated with white cabinets accented with top molding, pantry, garden window and washer/dryer conveniently located.

Eagle Lake real estate in Martin Downs Eagle Lake real estate in Martin Downs

Sliding glass doors off the kitchen, living room and master bedroom leading to the tiled screened/glass enclosed porch. There’s also a patio with brick trim. The master bedroom has a walk-in closet and the master bath has dual sinks and a make-up area, linen closet and remolded tiled walk-in shower. The 2nd bath has a tub/shower combo. The living room features high vaulted ceilings and the den has a wet-bar with glass shelves that is accessible from the living room. The HOA fees include roof and landscaping maintenance.

Eagle Lake real estate in Martin Downs Eagle Lake real estate in Martin Downs

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Eagle Lake real estate in Martin Downs Eagle Lake real estate in Martin Downs

Palm City FL real estate from the Gabe Sanders BlueWater realty team

 

Stuart FL 34996 Residential Market Report July 2015

Stuart FL 34996 Residential Market Report July 2015

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

 

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

 

There are currently 135 active listings (Down by 1 homes from June).

1 active

34 Residential sales are pending and awaiting close or lender approval (Down by 10 homes from June).

Stuart FL 34996 Residential Market Report July 2015

11 Homes Sold in July (Increased by 3 homes from June).

Stuart FL 34996 Residential Market Report July 2015

The 34996 zip code area of the Stuart Florida residential real estate market continues to struggle, though it improved from June’s very poor showing.  Unfortunately pending sales were off considerably this month.  This could be a sign of continued weak activity for the near future.

The one month absorption rate for the 34996 zip code area of Stuart Florida for July dropped to 12.3 months as compared to June’s atrocious 17 months.  Still a strong buyers market for this section of Martin County.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for July of 2014 were: 169 active listings, 32 pending sales and 21 closed sales.  Considerably weaker activity this year as compared to July of 2014.

Stuart FL 34996 Residential Market Report July 2015

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Stuart FL 34996 Residential Market Report July 2015