Creekside in Palm City – April 2017 Market Report

For April 2017 there is one home listed for sale in the Creekside community of Palm City. This home is listed for $439,000 or $143.56 per sq. ft. of living area.

There is also there is one home currently under contract. It was listed for $375,000 which is $122.63 per sq. ft. of living area. This home was on the market for 18 days before going under contract.

In the past 12 months, 2 homes have sold in Creekside. The sales prices were $348,000 and $380,000 for an average sales price of $364,000 which equates to $126.43 per sq. ft. of living area. These two homes averaged 114 days on market before going under contract and sold for 99% of the last list price.

About Creekside in Palm City

A small gated community in Palm City FL with only 18 homes. This is a Kolter built community that was constructed from 2013 to 2014.

Homes in Creekside are all 4 Bedrooms or greater with 3 or more bathrooms and most are 2 stories with 2 car garages. Sizes of the homes range from just over 2,000 sq. ft. of living area up to over 3,000. Some of the homes have private pools. There are no community amenities in Creekside which helps keep the HOA fees a very reasonable $120 per month.

Creekside is off of Sunset Trail in Palm City which makes it a quiet and private secluded location, yet still just minutes away from excellent shopping, restaurants as well as access to the numerous water ways, beaches and golf courses the Martin County and the Treasure Coast of Florida have to offer.

A very desirable community for children as this is an ‘A’ rated school district currently zoned for the Palm City Elementary School, Hidden Oaks Middle School and Martin County High School.

Here are the currently available homes for sale in Creekside

Creekside in Palm City – April 2017 Market Report

Pinecrest Lakes Jensen Beach 4 BR Home for Lease

04.09.17 by Gabe Sanders

Pinecrest Lakes in Jensen Beach FL 4 BR Home for Lease

A newer (2014) 4 Bedroom plus den, 3 bathroom and 3 car garage is available for lease beginning May 2017 for $3,250 per month.

A newer (2014) D. R. Horton Biscayne model 4 Bedroom, 3 bathroom plus den/office and a 3 car garage home is available for an annual lease in the desirable Pinecrest Lakes community of Jensen Beach. This home features granite counter-tops, stainless steel appliances, solid concrete block construction with many desirable features. Wonderfully located close to the Jensen Beach High School, Treasure Coast Mall, Restaurants and only two miles to the Intracoastal and then the pristine beaches of the Atlantic Ocean.

About Pinecrest Lakes Homes in Jensen Beach FL

Pinecrest Lakes in Jensen Beach, Florida was first developed in the late 70’s and early 80’s during a time when the Martin County Commissioners were notoriously stringent and restrictive about new developments in the area. Consequently this community has a distinctive feel and flavor. All homes are on at least a 1/2 acre lot with many on larger 1 to 2 acre lots. None of the homes are identical and all types of construction and paint schemes are allowed.

Pinecrest Lakes is located south of NE Jensen Beach Boulevard and just east of the new Green River parkway. Residents enjoy wide winding streets with sidewalks, street lights, underground utilities and public water. Community features include tot lots, parks, lakes and tennis courts.

Pinecrest Lakes is located in Martin County‘s “A” rated school district. The local public elementary school, Jensen Beach Elementary School, is less than a mile away, within easy walking and biking distance for students. Students also attend Stuart Middle School in Stuart and Jensen Beach High School located approximately 1 mile northwest of the community on NE Jensen Beach Boulevard.

Pinecrest Lakes is also about 1 mile to the east of the Treasure Coast Square Mall, Martin County’s main shopping center. Residents are a short ride away from the beautiful beaches on Hutchinson Island, historic downtown Jensen Beach, Indian Riverside Park as well as numerous boat ramps and marinas that serve the vast boating resources available in Martin County.

All ages and pets are welcome in Pinecrest Lakes. HOA fees (as of April 2017) are only $67.00 a month and include maintenance and reserve funds for all of the common areas in this community.

Search for Pinecrest Lakes Real Estate in Jensen Beach Florida

Suntide Condos on Hutchinson Island April 2017 Market Report

04.09.17 by Gabe Sanders

Suntide Condos on Hutchinson Island April 2017 Market Report

As of April 2017, there are 5 condos on the market in Suntide on Hutchinson Island in Stuart FL. Listing prices range from $249,000 to $379,000 with an average list price of $305,380 which equals $242.90 per sq. ft. of living area.

There is one condo under contract which has not sold to date. The list price is $315,000 or $176.57 per sq. ft. of living area. This condo was on the market for 90 days before going under contract.

There have been 5 condos sold in the past 12 months in Suntide. The sales prices ranged from $310,000 to $360,000 for an average sales price of $335,800 which equals $266.05 per sq. ft. of living area. These sales averaged at 97% of the last list price and also were on the market for an average of 29 days before accepting an offer that led to the sale.

Pool for Suntide Condos

Sun Deck of Suntide Condos

Located on Hutchinson Island in uncrowded and unspoiled Martin County, the Suntide Building is one of the premier ocean front condos in Stuart, Florida. Boasting truly fine amenities with a protected pool, private beach access and hard to find under building protected parking. There’s a full clubhouse with a fitness center, pool table, card room, library, full kitchen and reading room.

Beach access for Suntide Condos

Suntide has all two bedroom, two bath condos that come in four different configurations and sizes. The largest of these feature an office, sitting room than can possibly double as an extra bedroom. Many units have direct and unspoiled ocean views. One of the best run associations in Stuart, this fine complex is always a desirable destination for those who have made it their permanent residence as well as those who enjoy it as a vacation get away.

Entrance to Suntide Condos

Fitness Room in Suntide Condos

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Hutchinson Island Real Estate is presented by:
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Suntide Condos on Hutchinson Island April 2017 Market Report

de la Bahia Waterfront Condo with Dock Sold

04.08.17 by Gabe Sanders

de la Bahia Waterfront Condo with Dock Sold

Suite H-9 in the de la Bahia condo community of Stuart FL has been sold with the buyer being introduced to this spacious 1 bedroom condo with a dock suitable for a 35′ vessel by Gabe Sanders – Stuart FL Real estate. This condo was sold for $1oo,000.

The de la Bahia condo complex is located on Kanner Hwy just west of Monterey Road in Stuart which is in Martin County, Florida. This waterfront 55+ boating community lies on the shore of the south fork of the Saint Lucie River which also becomes the Okeechobee Waterway as it goes west.

This prime location is approximately 40 minutes North of West Palm Beach, and 100 miles north of Miami. Very conveniently located near many restaurants, stores, and medical facilities.

The de la Bahia condominium complex is made up of 303 residences, 231 docks, a pool, a clubhouse, shuffleboard courts, and a yacht club for the residents. The marina is for the use of residents only, and for those condos that don’t have a deeded dock, there are vacant ones available for use. Rental charges for the use of docks are not allowed, so there won’t be any charges.

There’s a very active winter season, which normally includes two dinner dances a month, golf and bowling leagues, bingo, euchre, bridge, exercise class, knitting & stitching. The pool is heated and is a great place to meet people, swim, sunbathe, or even join in playing a board game of your choice. And the library has a good selection of books to read if you prefer to enjoy a quiet peaceful afternoon.

The Yacht Club has monthly meetings with a guest speaker, raft-ups, picnics, luncheon cruises, gambling cruises, two socials, and for the last few years has sponsored a 3 to 5 day cruise in January. Membership is open to de la Bahia renters and owners only, boat ownership is not required and dues are very reasonable.

Search here for available de la Bahia waterfront condos

For more information and assistance with Stuart FL real estate please call Gabe Sanders at (772) 888-2885

Fox Run Palm City Market Report April 2017

04.08.17 by Gabe Sanders

Fox Run Palm City Market Report April 2017

For April of 2017 there are no currently active listings in Fox Run in Palm City.

Also, no homes under contract.

In the past 12 months, 7 homes have sold in Fox Run. Sales prices ranged from a low of $241,500 up to $429,900 for an average sales price of $313,400 which equals to $174.00 per sq. ft. of living area. These homes sold for an average of 98% of their last listed price and also averaged 23 days on market before going under contract.

About Fox Run in Palm City

Fox Run is a waterfront community on the Hidden River and just north of Murphy Road between Matheson Avenue and High Meadows Avenue. Only 57 homes in this community and they were built from 1979 through 2005. 11 homes are on the banks of the Hidden River with deep water ocean access docks. The remaining homes have exclusive access to a boat ramp as well as a large lot to store trailers and RV’s.

Homes are of a wide variety of sizes and shapes ranging from 4 bedroom, 3 bathroom homes of over 3,000 square feet of living area to just over 1,200 sq. ft. homes with 2 bedrooms and 2 bathrooms.

Other than the boat ramp and the storage/parking lot there are no other amenities in Fox Run keeping the HOA fees to a very reasonable $350 a year.

Close to shopping, restaurants and with easy access to Florida’s Turnpike for those commuting either north or south, this quiet residential area is the perfect spot for families or couples looking for a great neighborhood with access to boating and fishing.

Currently, children living in Fox Run are scheduled to attend Bessey Creek Elementary, Hidden Oaks Middle and Martin County High Schools.

Search for Fox Run real estate here!

Fox Run Palm City Market Report April 2017

Vista del Lago Unit 3107 Sold

04.07.17 by Gabe Sanders

Vista del Lago Unit 3107 Sold

Now under contract, unit 3107 in Vista del Lago has sold for $85,000 and the buyer was introduced to this well maintained condo by Gabe Sanders – Stuart FL Real estate.

55+ active adult community of Vista del Lago located north of Roosevelt Bridge. Convenient location to downtown Stuart, Jensen beach mall and beaches on Hutchinson island. Partially furnished 2 bedroom, 2 bath, 1014 sf, first floor corner unit with full hurricane protection. Glass enclosed porch, entire unit is tiled except for guest bedroom, light and bright. Parking spot is right outside the door! Amenities include: club house, pool, billiards, shuffleboard, barbecue grills, library, large gathering room for parties and well maintained landscaping.

About the Vista del Lago Condominiums:

The Vista del Lago condominium complex consists of over 500 condos located north of the Roosevelt Bridge and west of Federal Hwy (US-1) in North Stuart. This attractive complex is very conveniently located near shopping, restaurants and a quick drive to either downtown Stuart or Jensen Beach. Just a few minutes more and you can be on the Ocean in either Stuart or Jensen Beach.

Vista del Lago condos were first built in 1974 and the last one was completed in 1979. All the buildings are two story and contain both 2 Bedroom, 2 Bath and 1 Bedroom 1 Bath units. Sizes range from 1,014 sq. ft. of living space down to 631 sq. ft. 1 bedroom units. Many of these condos have attractive water views as well as some with golf course views of the Pine Lakes Golf Club.

There’s an active clubhouse with a large swimming pool as well as shuffleboard courts. No pets are permitted in Vista del Lago and this is an age restricted (55+) community. The HOA fees as of March 2017 were from the low $200’s for a 1 Bedroom unit to just under $300 per month for 2 Bedroom condos.

Search here for available Vista del lago condos for sale

Hutchinson House April 2017 Market Report

04.07.17 by Gabe Sanders

Hutchinson House April 2017 Market Report

As of April 2017, there are 3 condos on the market in Hutchinson House on Hutchinson Island in Stuart FL. These condos have listing prices from $349,900 up to $529,000 for an average list price of $409,633 or $318.61 per sq. ft. of living area.

There are no condos currently under contract.

9 condos have sold in the past 12 months in Hutchinson House. Sales prices ranged from $218,000 to $495,000 for an average of $294,722 or $231.68 per sq. ft. of living area. These condos sold for 95% of the last list price and averaged 45 days on market prior to going under contract.
Located on Hutchinson Island in uncrowded and unspoiled Martin County, the Hutchinson House Condo complex is an ocean to Intracoastal complex with a variety of styles and views offering wonderful amenities that include ocean access docks, club house, pools, spa/jacuzzi, tennis and a private beach.

Hutchinson House consists of 121 Condos, with the Ocean Side being Hutchinson House East and the river side is called Hutchinson House West. Both sides offer 2 and 3 bedroom condos with 2 or more bathrooms. Many with spectacular views of the river and the crystal clear blue waters of the Atlantic Ocean.

The Hutchinson House condos are one of the few condo developments that is pet friendly and allows for up to 2 large pets. For currently available Hutchinson House condos please call or view the search link below.

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Hutchinson Island Real Estate is presented by:
the Gabe Sanders real estate team

Hideaway Isles April 2017 Market Report

04.06.17 by Gabe Sanders

Hideaway Isles April 2017 Market Report

As of April 2017, there are two homes for sale in Hideaway Isles in Palm City FL. These homes are listed for $549,900 and $900,000 for an average list price of $724,950 which equals $284.32 per sq. ft. of living area.

There is one home under contract which has not sold to date. It was listed for $895,000 which is $273.28 per sq. ft. of living area. This home was on the market for 48 days prior to going under contract.

In the past 12 months, 3 Hideaway Isles homes have sold. Sales prices ranged from $482,500 up to $535,000 for an average sales price of $502,500 which works out to $247.65 per sq. ft. of living area. These homes sold for an average of 94% of listing price and went under contract in an average of 106 days after being listed.

About Hideaway Isles in Palm City FL

Hideaway Isles real estate in Palm City FL

Hideaway Isles is a community of a variety of homes where you will surely find something to suit your needs! Homes range in size from modest two to over five bedroom homes with plenty of room around the homes for a great opportunity to make your backyard a fantastic weekend getaway. There is a variety of homes in Hideaway Isles that have newer and older designs and ages. However, many homes have completed updates to the inside and outsides that today’s home buyers find so appealing. Most Hideaway isles homes are waterfront with deep water docks that can easily access the blue waters of the Atlantic Ocean, only minutes away.

Hideaway Isles real estate in Palm City FL

There are no HOA fees in Hideaway Isles and the only property restrictions are those imposed by Martin County.

Hideaway Isles real estate in Palm City FL

Hideaway Isles is located in Palm City which is a great city to raise a family in because of the “A” rated school system of Martin County, its closeness to I-95 and Florida’s Turnpike which will open you to all the opportunities of Palm Beach County!

Search here for any available Hideaway Homes for sale in Palm City FL

Maritimes April 2017 Market Report

04.05.17 by Gabe Sanders

Maritimes April 2017 Market Report

As of April 2017, there are 2 condos on the market in the Maritimes Condos and Townhomes on Hutchinson Island in Stuart FL. The list prices are $$299,900 and $409,990 for an average list price of $354,945 which equals $249.29 per sq. ft. of living area.

There are 3 Maritimes condos currently under contract. List prices ranged from a low of $280,000 up to a high of $549,000 for an average that equals $404,667 that works out to $252.50. These condos were on the market for an average of 28 days before going under contract.

There has been only 1 condo sold in the past 12 months in the Maritimes. The sales price was $600,000 which is $283.55 per sq. ft. of living area and this condo sold for 97% of the listed price and was on the market for 532 days before going under contract.

About the Maritimes on Hutchinson Island

Maritime Condos and Townhomes on Hutchinson Island

Entrance to the Maritimes

Beach Access at the Maritimes

The Maritimes is one of the prime ocean to river communities on South Hutchinson Island in Stuart, FL. Offering larger than normal homes on both the river and Oceanside settings. The riverside (or Maritimes West has a lovely private sand beach with kayak storage for those not wishing to play in the surf or for those days when the it’s a bit windy on the beach side. The Oceanside (Maritimes East) has private beach access as well as a heated pool when you’re finished frolicking in the crystal clear waters of the Atlantic Ocean.

Docks of the Maritimes

Views from the Maritimes

The Maritimes condos were constructed between 1975 and 1988. With the oceanfront units being built first. Living square footage range from just under 1300 sq. ft. 2 Bedroom condos to over 2100 sq. ft .condos and townhouses with 3 Bedrooms plus dens and a garage.

Kayak Storage at the Maritimes

River views from the Maritimes

Tennis Court of the Maritimes

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Hutchinson Island Real Estate is presented by:
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Maritimes April 2017 Market Report

Sewalls Landing April 2017 Market Report

04.04.17 by Gabe Sanders

Sewalls Landing April 2017 Market Report

As of April 2017, there are 3 homes available for sale in Sewalls Landing, List prices range from $595,000 up to $629,000 for an average list price of $612,667 or $214.66 per sq. ft. of living area.

There are no homes currently under contract in Sewalls Landing.

In the past 12 months, 3 Sewalls Landing homes have sold. Sales prices ranged from a low of $375,000 up to $836,250 for an average sales price of $606,750 which equals $219.64 per sq. ft. of living area. These sales averaged for 94% of list price and the homes averaged going under contract after 196 days on market.

About Sewalls Landing:

Sewalls Landing is located at the northern tip of Sewalls Point, FL in Martin County. Officially it is in Jensen Beach, but many residents of Sewalls landing consider themselves part of Sewalls Point. Just across the street from the Dolphin Bar and Grill and within walking distance of marinas, boat ramps, Indian Riverside Park and much, much more.

This gated community consists of 51 home-sites (including 3 lots that are still vacant). Homes in Sewalls Landing were built from 1992 to 2008 and are situated on generous sized lots from just under ½ acre to over ¾ of an acre. Home sizes range from 2,000 to over 5,000 square feet of living areas. Many homes feature 3 car garages. Residents enjoy low HOA fees of $110 per month.

Children attend Felix Williams Elementary, Stuart Middle and Jensen Beach High Schools. Easy access to the beaches as it’s just about equidistant from both the Stuart and Jensen Beach Causeways. Close to shopping and medical facilities as well. This is a much sought after community in Martin County, FL.

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Sewalls Point Real Estate is presented by:

the Gabe Sanders real estate team

Sewalls Landing April 2017 Market Report

St Lucie County Single Family Homes February 2017 Market Detail

04.03.17 by Gabe Sanders

St Lucie County Single Family Homes February 2017 Market Detail

St Lucie County Single Family Homes Market Detail for February 2017 showed improved sales activity for closed sales but weaker new pending sales year to year. Closed sales were up by 5.1% (in January they were up by 8.1%) and new sales under contract (new pending sales) decreased by 0.5% (they were up by 8.1% last month).

Prices continued to show strong increases. The median and average sales prices up by 18.2% and 16.6% respectively from last February (For January these numbers were up 8.9% and 16.1%). While these are very good results for sellers, they make me a little nervous as rates of increase this high may result in lower affordability of homes and subsequently less sales in the future.

Active listings decreased by 30 homes to 1,814 homes. This inventory is 0.8% lower than last year. The current supply of homes is at 4.1 months (also was 4.1 months for February of 2016) This is unchanged from last year. The St Lucie County single family home market remains in a strong sellers market. A balanced market is one with a 6 to 7 month supply of inventory.

Click here to view or download the full report:
St Lucie County Single Family Homes February 2017 Market Detail

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.

St Lucie County Single Family Homes February 2017 Market Detail

Lost River Plantation April 2017 Market Report

04.03.17 by Gabe Sanders

Lost River Plantation April 2017 Market Report

As of April 2017, there are 6 available homes for sale in the Lost River Plantation community of Stuart, FL. Prices range from $569,000 up to $918,000 for an average price of $716,483 which equals $216.22 per sq. ft. of living area.

There are no homes currently under contract.

In the past 12 months, there have been 9 sales ranging in sales prices from $490,000 up to $792,000 0 for an average sales price of $640,389 which comes out to $232.95 per sq. ft. of living area. Sales prices averaged 97% of the last list price and these homes were on the market for an average of 190 days prior to accepting these offers.

Lost River Plantation in Stuart, Florida consists of 111 homes all with private docks and Ocean access via the South Fork of the Saint Lucie River. All, but just a handful of the homes have waterfront and dockage located in the backyard. Suitable for deep draft ocean going vessels with some docks able to accommodate over 50’ vessels. All homes are of newer construction (from 2004 to the present). There are a limited number of new homes not on the MLS available now or to be built, please call us for details.

This is a spectacular waterfront community with very private and protected waterfront areas. There is a community marina with a clubhouse that offers a fitness center, kitchen and social rooms. For those wishing to commute to pints north or south, Lost River is very conveniently located near the Interstate for easy access. Yet, it’s only 10 to 20 minutes’ drive to the pristine beaches and quaint downtown areas of Stuart, Florida. Also close to shopping, restaurants as well as medical facilities. Lost River Plantation is a tremendous opportunity for newer waterfront construction. A rare gem in this real estate market!

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Lost River Plantation April 2017 Market Report

Martin County Townhouses and Condos February 2017 Market Detail

04.02.17 by Gabe Sanders

Martin County Townhouses and Condos February 2017 Market Detail

Martin County Townhouses and Condos Market Detail for February 2017 continued with good closed activity and weaker future activity with reduced pending sales. Closed sales for the month were up by 1.0% (was up by 28.6% in January) while new sales under contract (new pending sales) were down by 6.8% from February 2016 (decreased by 15.6% in January).

Prices were down again for February as the median sales price decreased by 2.2% (was down by 15.6% in January) while the average sales price decreased by 14.4% (was down by 17.2% in January) as compared to February of 2016. Not totally unexpected with the rapid rise of prices for the past three years as there may be a small correction taking place. Though this market is till active.

The inventory of available townhouses and condos decreased by 14 units to 471 properties as compared to last month. This is 16.0% greater than the February 2016 inventory. Currently, there’s a 5.0 month supply of inventory (a 22.0% increase from last year which was 4.1 months). Still a sellers market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Click here to view or download the full report:
Martin County Townhouses and Condos February 2017 Market Detail

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.

Martin County Townhouses and Condos February 2017 Market Detail

Stuart Florida Home on Large Lot – Just Listed

04.02.17 by Gabe Sanders

Stuart Florida Home on Large Lot

Located close to I-95 for commuters and in a private scenic location, this home at 8611 SW 17th Ave in the Woodmere Meadows neighborhood (No HOA) of Stuart FL is now available for $315,000.

This is a meticulously maintained 3 bedroom home with 2 bathrooms, 2 car garage on a 1/2 acre lot in a very private and secluded setting backing up to Roebuck Creek. This home features a spacious open concept living area with cathedral ceilings, tiled floors and a modern kitchen. A large breakfast bar overlooks the living space and there’s a custom built in dining nook. The living area has a free standing wood fireplace as well as pocket sliders that open up to the generous deck offering total privacy. Lots of room to park all your toys and there are no HOA fees. Close to I-95 for commuters as well as boat ramps at Phipps Park. Upgrades include hurricane shutters, newer carpets in the bedrooms, screens (up to hurricane code), and interior and exterior lighting.

Search for all Stuart FL Homes for Sale

Contact Gabe Sanders – Stuart FL Real Estate
772-888-2885

Martin County Single Family Homes February 2017 Market Detail

04.01.17 by Gabe Sanders

Martin County Single Family Homes February 2017 Market Detail

The Martin County Single Family Homes Market Detail for February 2017 regained momentum with a strong month. Closed sales were up by 17.8% (was down by 24.0% in January). New pending sales decreased by 10.0% as compared to February of 2016 (Increased by 9.4% in January).

Prices continued to increase with the median sales price up by 10.2% from last year (up by 4.1% in January) while the average price increased by 23.9% (was down by 2.7% last month).

The inventory of available single family homes increased from last month by 10 homes to 1,141 units for February, this is 7.8% greater than last February. Current supply of homes is 5.8 months, for February of last year it was a 5.1 months supply. (This is a 13.7% increase from last year). Drifting closer to a balanced market for Martin County single family home sales. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Click here to view or download the full report:
Martin County Single Family Homes February 2017 Market Detail

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.

Martin County Single Family Homes February 2017 Market Detail

Florida Townhouses and Condos February 2017 Market Detail

03.31.17 by Gabe Sanders

Florida Townhouses and Condos February 2017 Market Detail

The Florida Townhouses and Condos Market Detail for February 2017 began the year with mostly positive activity when compared to last year. Closed sales were up by 4.1% as compared to last months increase of 6.2% and new sales under contract (new pending sales) increased by 0.5% (In January there was a 6.5% increase).

Values continued to increase though at a strong pace. Median sales prices were up by 11.7% (was up by 6.6% in January), while the average sales price increased by 8.5% (was up 4.0% in January). As sales activity decreases and if inventory continues to increase, I expect these prices to continue to moderate, though they are staying pretty resilient at this time.

The inventory increased by 1.3% from February of last year. For February 2017 we have 6.4 months of inventory (was also 6.4 months in January) and compared to 6.2 months for February 2016. We remain in a balanced market for Florida townhouse and condo sales but are drifting slowly towards a buyers market in the past year. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

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:
Florida Townhouses and Condos February 2017 Market Detail

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.

Florida Townhouses and Condos February 2017 Market Detail

Inlet Village Waterfront Condo Indian River Plantation Reduced

03.31.17 by Gabe Sanders

Inlet Village Waterfront Condo Indian River Plantation Reduced

Magnificent views from this wide waterfront condo in Inlet Village in Indian River Plantation on Hutchinson Island in Stuart FL. The new price is $315,000.

Enjoy the good life from this riverfront condo in Inlet Village on Hutchinson Island in Indian River Plantation. Gorgeous sweeping river views on the Intracoastal Waterway from your balcony. This is a 2 bedroom, two bathroom condo with an updated kitchen with Corian counter-tops. Separate laundry room with washer and dryer included. Covered under building parking and a heated pool and barbecue area are some of the amenities. All ages are welcome and each unit may have up to two large pets. Rentals are also permitted with a one month minimum.

Memberships are available for “The Ocean Club” which allows owners and tenants to enjoy privileges such as golf, tennis, water sports, spa, fitness center, hotel dining and the delightful sandy beaches of the Atlantic Ocean! At the beach there is a tiki bar/restaurant where you can enjoy tropical drinks and/or have an enjoyable lunch. Within easy walking distance is the Indian River Plantation Marriott Resort where there is dining facilities as well as conference rooms. There is a full service marina on site as well.

Make this your new home or a winter getaway from the cold north.

About Inlet Village:

Inlet Village is located near the South end of Hutchinson Island in Stuart, Florida. Just 40 minutes North of Palm Beach International Airport. Inlet Village consists of three 4 story buildings. Two of which overlook the wide Indian River (Intracoastal Waterway) and the other with sweeping views of lakes and the Indian River Plantation golf course.

Within easy walking distance to the Indian River Plantation Marriott Resort where you can enjoy guest privileges such as golf, tennis, water sports, spa, fitness center, hotel dining and the delightful sandy beaches of the Atlantic Ocean! At the beach there is a tiki bar/restaurant where you can enjoy tropical drinks and/or have a enjoyable lunch.

Inlet Village is one of the few pet friendly condo associations that allow up to two large pets per condo. Liberal rental rules will also allow rentals as short as one month. The Condo fees (as of January 2017) were $500 a month and cover the common areas as well as building insurance and outside maintenance as well as water and sewer.

Search for Inlet Village Condos for Sale

Additional Indian River Plantation Condos you may wish to consider:
Bayview – Beachwalk – Dunes Club – Fairway Villas – Lakeside – Ocean House – Ocean Terrace – Plantation Club Villas – Plantation House – Resort Villas – River Village – Riverbend – Riverwood – Tennis Villas

Florida Single Family Homes February 2017 Market Detail

03.30.17 by Gabe Sanders

Florida Single Family Homes February 2017 Market Detail

The Florida Single Family Homes Market Detail for February 2017 showed slightly weaker growth when compared to last year. Closed sales were down by 0.5% (were up by 5.2% in January) and new sales under contract (new pending sales) were down by 2.0% (were up by 3.8% in January).

Both the median and average sales prices continued to rise from February 2016 to February 2017. Up by 12.5% and 9.5% respectively, compared to January’s 10.1% and 4.0%.

The inventory of available homes for sale fell by 4.0% from last year. For February there was a 4.2 months supply of inventory as Florida remains in a sellers market with the advantage for sellers. (February of 2016 had a 4.4 month supply) A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory. Inventory is once again decreasing which continues to put pressure on rising prices and sales.

Click here to view or download the full report:

Florida Single Family Homes February 2017 Market Detail

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.

Florida Single Family Homes February 2017 Market Detail

Vista Pines March 2017 Market Report

03.30.17 by Gabe Sanders

Vista Pines March 2017 Market Report

For March 2017 there are 3 condos available for sale in Vista Pines. List prices are from $70,900 up to $89,000 for an average list price of $81,300 or $74.66 per sq. ft. of living area.

There are also 3 condos pending, awaiting settlement. List prices are from $57,900 up to $89,900 or an average of $75,433 which equals $75.25 per sq. ft. of living area. These 3 condos averaged 40 days on the market before going under contract.

In the past 12 months, there have been 37 sales in Vista Pines. Sales prices ranged from $40,000 up to $86,000 for an average sales price of $61,791 or $68.07 per sq. ft. of living area. These sales averaged in at 95% of list price and only averaged 30 days on the market prior to going under contract.

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.

Search for currently available condos in Vista Pines

772-763-8506

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