Real Estate in and around Stuart Florida
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| Gabe Sanders
Real Estate of Florida
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The St Lucie County Townhouses and Condos May 2018 Market Report reported quite strong closed sales activity but some weakness with pending (or future) sales when compared to last year. Closed sales were up by 10.2% from last year (was up by 2.4% in April) while new pending sales were down by 14.6% for May (was up by 14.5% in April).
Prices, however, were mixed from the same period last year. The median price increased by 7.5% from last year (was down by 1.7% in April) while the average sales price decreased by 1.4% (was down by 2.9% in April). This is the first month in quite some time with decreasing prices.
The inventory of available townhouses and condos decreased by 17 units from last month to 531 units, which is 1.0% less than May 2017. The current supply is 5.1 months, which is 8.9% less than the 5.6 months of inventory last year. The St Lucie County townhouses and condos market continues to be a seller’s market. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.
Click here to view or download the full report:
St Lucie County Townhouses and Condos May 2018 Market Report
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.
As of July 2018, there are no homes available for sale in Hidden Bay in Palm City FL.
There are also no homes currently under contract.
In the past 12 months 3 Hidden bay homes have sold. Sales prices ranged from $550,000 up to $1,150,000 for an average sales price of $786,667 which equals $204.78 per sq. ft. of living area. These homes sold in an average of 153 days after going under contract. Sales prices averaged 88% of list price.
A very private community in northern Palm City just off Murphy Road with a number of waterfront homes on Bessey Creek. There are just 30 homes in this community which is not gated and has no HOA fees nor any amenities of a homeowners’ association.
The first home recorded in Hidden Bay was built in 1978 with the last one completed in 2013. There appears to be one remaining vacant lot which is not currently (March 2016) for sale. There are 11 ocean access waterfront homes as well as 5 non-ocean access waterfront homes with the remaining homes not being waterfront in Hidden Bay.
Homes in Hidden Bay range from under 2,000 sq. ft. ranch homes to just under 5,000 sq. ft. two story estate style homes with up to 5 bedrooms and 4 bathrooms. Children are scheduled to attend Bessey Creek Elementary, Hidden Oaks Middle and Martin County High Schools.
Click here to see if any Hidden Bay Homes are available for sale.
St Lucie County Single Family Homes May 2018 Market Report had mixed results for sales when compared to last year but remains a very strong real estate market. Closed sales were up by 1.0% (in April they were up by 1.2%) and new sales under contract (new pending sales) decreased by 0.8% (they were down by 1.0% last month).
Prices continued their upward trend for the month. The median and average sales prices up by 8.8% and 7.8% respectively from last May (For April these numbers were up 9.4% and 7.1%). These price rises are a bit less severe than we’ve experienced in the past few months.
Active listings decreased by 34 homes down to 1,591 homes. This inventory is 0.1% lower than last year. The current supply of homes is 3.5 months (was 3.5 months for April) and also 3.5 months for last year. The St Lucie County single family home market remains 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 May 2018 Market Report
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.
There are 13 homes for sale in the Pinecrest Lakes community of Jensen Beach FL as of July 2018. Listing prices range from $389,900 up to $595,888 for an average list price of $472,376 which equals $197.34 per sq. ft. of living area.
There are 4 homes under contract and awaiting closing. The list prices ranged from $389,888 up to $629,900 for an average list price of $463,697 which works out to $205.15 per sq. ft. of living area. These homes were on the market for an average of 38 days before going under contract.
In the past 12 months, 20 homes have sold in Pinecrest Lakes with sales prices ranging from $333,000 up to $555,000 or an average sales price of $458,758 which is $182.02 per sq. ft. of living area. These sales averaged 94 days on market and sold at 97% of list price.
The Pinecrest Lakes community of Jensen Beach FL 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.
Here are the currently available Pinecrest Lakes Homes for Sale in Jensen Beach, Florida
Martin County Townhouses and Condos May 2018 Market Report showed stronger sales activity than we had last year. Closed sales for the month were up by 13.0% (were down by 3.8% in April) while new sales under contract (new pending sales) were up by 20.8% from May 2017 (increased by 25.2 in April).
Prices continue to rise (though not as fast as last month, but faster than last year) as the median sales price increased by 6.3% (was up by 17.8% in April) while the average sales price increased by 5.1% (was up by 12.0% in April) as compared to May of 2017.
The inventory of available townhouses and condos decreased by 38 units to 392 properties as compared to last month. This is 6.9% less inventory then the May 2017 data. Currently, there’s a 3.9 month supply of inventory (compared to 4.5 months for May 2017). Remaining in a strong seller’s 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 May 2018 Market Report
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.
As of July 2018, there are 14 homes actively listed in Crane Creek. List prices range from $389,900 up to $749,900 for an average list price of $539,893 which equals $155.68 per sq. ft. of living area.
There are 3 Crane Creek homes under contract and awaiting settlement. List prices ranged from $399,000 up to $649,500 for an average list price of $482,833 which works out to $125.16 per sq. ft. of living area. These homes were on the market for an average of 131 days before going under contract.
In the past 12 months, there have been 21 sales in Crane Creek with sales prices ranging from $285,000 up to $675,000 for an average sales price of $465,040 or $151.91 per sq. ft. of living area. The average days on market was 72 with a 96% list to sales price ratio.
The coast of Florida on the eastern side offers many wonderful locations. One of the secret attractions is Crane Creek real estate development. This community is found within Palm City. With all the accommodations the Palm City area has to offer it should not be a surprise that a select neighborhood such as Crane Creek real estate properties is a high commodity.
Crane Creek real estate is situated within Martin Downs Country Club. A gated golf course community, Crane Creek has the finest features needed to make the community as upscale and appealing as possible. However, none of this is forced upon you because membership in the country club is optional.
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Palm City, Florida Real Estate presented for your consideration by:
the Gabe Sanders real estate team
Now offered for $1,499,000, come and take advantage of this wonderful opportunity to own your own little slice of paradise. A wide river view home with a dock out your back door and private deeded access to the crystal clear waters of the Atlantic Ocean just across the street. This Kelly and Kelly designed custom home is located in the gated community of Spinnaker Point on Hutchinson Island in Stuart FL. A spacious two-story home with the master suite on the first floor. A total of 4 bedrooms plus a den/office and 3 full bathrooms and 2 half baths. A screened and heated pool overlooks the Intracoastal Waterway along with access to your own beach and dock. Located just about halfway between the Stuart and Jensen Beach causeways for exceptional access to both downtowns, shopping and the wonderful amenities that Martin County Florida offers. Spinnaker Point is a small 12 home association which reaches from the ocean to the river. “A” rated Martin County school systems and a pet-friendly community.
Spinnaker Point on Hutchinson Island is easy to miss when driving by on Highway A-1-A in Stuart FL. But, it is one of the gems for those who want both river and ocean access. This gated community has 12 homes west of the road and 2 lots that have yet to be built upon on the ocean side.
Four of these homes enjoy being on the Intracoastal Waterway (also known as the Indian River) and have deeded docks with ocean access (no fixed low bridges) through the Saint Lucie Inlet just a little under 5 miles south. The remaining 8 homes have access to the community pier and a few have deeded docks as well.
All the homes are built in the Key West style and were built between 1991 and 2001. Home sizes range from a 3 bedroom, 2 bathroom home with a 2 car garage up to a 5 bedroom, 6 bathroom home with a 2 and ½ car garage. There is deeded access to the ocean with a boardwalk leading over the dunes. All ages and pets are permitted in Spinnaker Point. HOA fee as of February 2018 is $167 per month.
School-age children attend the Felix A Williams elementary school, Stuart middle school, and Jensen Beach high school.
Located approximately half way between the Stuart and Jensen beach causeways making it easy to enjoy the restaurants, shopping, and amenities that both areas have to offer.
Spinnaker Point homes do not come on the market often, so click on the following link to see if any are currently available:
Homes for Sale in Spinnaker Point on Hutchinson Island
The Martin County Single Family Homes May 2018 Market Report had weaker sales results compared to May 2017. Closed sales were down by 4.0% (was down by 1.9% in April). While new pending sales decreased by 17.6% as compared to May 2017 (Increased by 2.3% in April).
Prices were mixed for May. The median sales price was up by 1.7% from last year (up by 12.5% in April) while the average sales price decreased by 10.1% (was up by 34.9% last month).
The inventory of available single-family homes decreased from last month by 37 homes to 954 units for May, this is 8.1% less than last May. The current supply of homes is 4.7 months, for May of last year, it was a 5.2 months supply. We’re still in a seller’s 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 May 2018 Market Report
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.
The Florida Townhouses and Condos May 2018 Market Report continued with stronger market activity when compared to last year. Closed sales were up by 4.1% as compared to last month’s increase of 9.2% and new sales under contract (new pending sales) increased by 2.2% (In April there was a 7.4% decrease).
Prices, also, continued their upward April for May. Median sales prices were up by 6.0% (was up by 10.5% in April), while the average sales price increased by 7.9% (was up 9.6% in April).
The inventory of active listings decreased by 2.0% from May of last year. For May 2018 we have 5.7 months of inventory (was 5.8 months in April) and compared to 6.0 months for May 2017. We remain in a seller’s market for Florida townhouse and condo sales. 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 Report report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos May 2018 Market Report
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.
There are currently 48 homes on the market in Palm City Farms. Listing prices range from $59,900 up to $3,950,000. The average list price works out to $708,485 (median $550,000) which is a per square ft. of living area price of $251.57 (median $201.89).
There are currently 15 homes under contract awaiting settlement. Listing prices ranged from $74,900 up to $1,999,888 for an average of $395,979 which equals $224.12 per sq. ft. of living area. These homes averaged 144 days on the market prior to going under contract.
In the past 12 months, 88 homes have sold in Palm City Farms with sales prices ranging from $87.00 up to $2,300,000 for an average sales price of $370,074 or $166.61 per sq. ft. of living area. These sales averaged for 93% of the last listed price and were under contract in an average of 116 days after being listed.
If you’re looking for an area of secluded acreage, yet still be close to shopping, entertainment the beach and navigable waterways Palm City Farms may just be the dream setting you are looking for. Prices are currently more affordable than they have been in the past 5 or 6 years.
Beautiful acreage with 5 acre and larger home sites and vacant land abound in Palm City Farms. This is the perfect location for your equestrian needs as well as many other agricultural uses. All within minutes of Martin County ‘A’ rated schools, shopping, beaches and easy access to I-95 and Florida’s Turnpike.
For additional information about Palm City Farms please contact us.
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Palm City Farms June 2018 Market Report
Palm City Florida Real Estate
There are currently 4 homes available for purchase in the Murano community in Palm City FL with list prices ranging from $299,900 up to $399,000 which is an average list price of $328,475 or $148.91 per sq. ft. of living area.
There are no homes under contract at this time in the Murano subdivision of Palm City, FL.
In the past year, 8 homes have sold in Murano with sales prices ranging from $295,000 up to $369,900 for an average sales price of $328,013 which equals $135.20 per sq. ft. of living area. The average days on market before going under contract for these homes was 66 with a list to sales price ratio was 97%.
Conveniently located off of Martin Downs Blvd and Sunset Trail, Murano is a new home community with 110 homes. Originally developed by Home Dynamics with homes built in 2007 and later this community was taken over by D. R. Horton with building resuming in 2011 to the present. Murano homes range from two story 5 Bedroom 4 bathroom homes of 0ver 3,200 sq. ft. to single story 2 Bedroom, 2 bath homes of just over 1,700 sq. ft.This is a very family friendly neighborhood close to schools, shopping and Florida’s Turnpike for commuters. There is a community pool and low HOA fees of approximately $123 per month (as of July 2018).
There may be a few new D. R. Horton homes available for sale, but this community is just about sold out so call us for details.
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Palm City Florida Real Estate is presented by:
the Gabe Sanders real estate team
The Florida Single Family Homes May 2018 Market Report showed good activity when compared to last year and remains a very active market though at a bit of a reduced rate. Closed sales were up by 0.8% (were up by 4.1% in April) and new sales under contract (new pending sales) were down by 0.1% (were down by 0.2% in April).
Prices continue with their upward April for May. The median and average sales prices up by 6.7% and 6.5% respectively, compared to April’s 8.1% and 10.4%.
The inventory of available homes for sale fell by 0.7% from last year. For May there was a 4.0 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (May of 2017 had a 4.0 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 continues to decrease which is putting pressure on rising prices and lower sales volume.
Click here to view or download the full report:
Florida Single Family Homes May 2018 Market Report
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.
Here is your Rocky Point July 2018 market Report in Stuart Florida:
There are currently 27 active listings in the Rocky Point area of Stuart FL which include both condos and homes. List prices range from a low of $99,500 up to $699,900 which results in an average list price of $377,241 or $182.88 per square foot of living area.
19 homes and condos are under contract (pending sales) and awaiting closing. List prices ranged from $75,000 up to $2,750,000 for an average list price of $407,328 which is $178.62 per square foot of living area. These properties averaged 65 days on the market before accepting a contract.
In the past 12 months, 132 properties have sold in Rocky Point with sales prices ranging from $63,999 up to $1,700,000 for an average sales price of $317,624 which equals $167.20 per square foot of living area. The average days on market was 74 with a 96% list to sales price ratio.
Rocky Point Homes for Sale in Stuart, Florida
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 Capital 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.
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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There are currently 6 active condo listings. (Decreased by 2 condos from April)
5 Condos are pending and awaiting close. (Unchanged from April)
1 Condos sold in May. (Decreased by 6 condos from April)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. We saw a further decline in inventory which is not a good sign for future sales volume.
The absorption rate for Hobe Sound condos was 6 months for May as compared to 1.1 months in April). Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes in percentages that do 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 May 2017 numbers were: 16 active listings, 5 pending sales, and 2 closed sales. Much stronger activity last year with more than double the inventory of available condos for sale.
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Currently, there are 6 homes available for sale in the Jensen Park Estates community of Jensen Beach FL. These homes are listed for prices from $229,000 up to $399,000. The average list price is $297,631 and this equals $186.93 per sq. ft. of living area.
There are 3 homes under contract and awaiting closing. These homes were listed at prices ranging from $260,000 up to $315,000 for an average list price of $281,333 which works out to $175.83 per sq. ft. of living area. These homes were o the market for an average of 57 days prior to going under contract.
In the past 12 months, 16 Jensen Park Estates homes have sold. Sales prices ranged from a low 0f $220,000 up to $370,000 for an average sales price of $295,281 which equals $170.65 per sq. ft. of living area. These sales averaged 97% of the last list price and averaged 66 days on market before going under contract.
Jensen Park Estates is a non-gated community located just west of Savannah Rd in the heart of Jensen Beach. There are 381 home sites in this community, most of which have been built upon. Homes were built from 1980 to the latest one which was completed in 2010.
There’s a wide range of sizes and shapes of homes ranging from 6 bedroom homes with over 3,100 sq. ft. of living area down to more modest 2 bedroom, 2 bathroom homes with just under 1,100 sq. ft. There are both frame and concrete block construction as well as homes with and without private pools.
Some homes have large lots of over ½ acre while others are fairly modest lots with just over .12 acres. Homeowner fees are a very reasonable $150 per year.
Neighborhood children attend the Jensen Beach Elementary School which is just a little over ½ mile away, Stuart Middle School and the Jensen Beach High School.
Very close to shopping areas of US-1 as well as close to the Intracoastal (the Indian River) with its boat ramps, public beaches on Hutchinson Island, Indian Riverside Park, and much more.
Jensen Park Estates is an excellent option for both families and retirees looking for affordable homes in the heart of Jensen Beach.
Search here for available Jensen Beach Estates Homes for Sale
Beautifully updated 2nd floor, end unit condo in the boating community of the Moorings of Manatee. This bright and airy home features an updated kitchen with newer appliances and open floor plan. Views of the community pool along with peek-a-boo views of the Manatee Pocket. There is one assigned parking spot and ample guest parking. Accordion hurricane shutters for all windows, crown moldings and fresh paint throughout this unit. All ages are welcome and one small pet under 20 lbs. is permitted. Liberal rental policy with a 30 day minimum rental allowed. This community offers dockage for small to medium boats available for lease or assignment. There is a fixed bridge with approximately 9’ vertical clearance. Kayak and canoe storage and fishing is available right from the community docks. Wonderfully located with great restaurants nearby as well as all the amenities that Stuart has to offer. Care free Florida living at its finest.
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Nestled along what is commonly referred to as the “Treasure Coast” of Florida in splendid Martin County is a cape that the owners of Rocky Point real estate call home. These Martin County properties that sit on the peninsula offer all the amenities of a waterfront community plus some additional bonuses. For instance, Martin County was named by Forbes Magazine to be one of the best areas to raise a family in the nation. One of the pieces of Rocky Point real estate is Rocky Point Hammock Park which is designated as one of Florida’s great bird trailing parks. This park also offers Rocky Point residents a great place to hike, picnic or enjoy the splendid weather that comes along with Martin County’s subtropical weather comprising of warm summers and mild winters. The ample water access points amidst Rocky Point real estate lend themselves to water oriented activities.
Rocky Point value does not stop at the water. The activities on land in the surrounding area are just as overflowing.
The list goes on and on. Rocky Point properties are centrally located among a plethora of events, happenings and locations to appeal to the likings in any genre of lifestyle.
Education is another accommodation that is more than an expectation. The public and private sectors excel in the development of the student bodies from pre-kindergarten up into the collegial arena.
Rocky Point real estate is comprised of many different choices with a large sector coming from single family homes. Nonetheless, there does exist within Rocky Point real estate condominium and townhouse complexes. Your selection can be made from:
Whatever your needs and desires are they can be met by investing in the right real estate broker. When it comes to Rocky Point real estate we are your professionals. Call us today for the needed guidance that comes from experts in the field of Martin County homes and properties.
Homes and condos for sale in Rocky Point in Stuart FL
Click on the image below to view or download Gabe’s July 2018 House Calls Newsletter:
Click here to download the full PDF of our July 2018 House Calls Newsletter
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