Martin County Townhouses and Condos 2016 3’rd Quarter Report

11.08.16 by

Quarterly Market Report for Martin County Townhouses and Condos

3’rd Quarter 2016

Click the image below to view the full details of the Martin County townhouses and condos market report data as reported by Martin County Realtor for the 3’rd quarter of 2016.

Martin County Townhouses and Condos 2016 3'rd Quarter Report

Both closed and pending sales were lower this year as compared to the 3’rd quarter of 2015.  And median and average sales prices also were lower while sales volume remained strong with only a 3.7 months supply of inventory.  Still a sellers market for Martin County townhouses and condos.

View the entire set of data at GabeSanders.com

Empress Condos on Hutchinson Island November 2016 Market Report

11.08.16 by

Empress Condos on Hutchinson Island November 2016 Market Report

There are 2 condos listed for sale in early November if 2016 in the Empress Condominiums of Hutchinson Island.  List prices are $350,000 and $390,000 for an average of $370,000 or $258.01 per sq. ft. of living area.

There are 3 Empress Condos currently under contract. List prices range from $299,000 up to $385,000 for an average list price of $329,667 which equals $261.21 per sq. ft. of living area.  These condos were on the market for an average of 193 days before going under contract.

In the past 12 months, 4 condos have sold in the Empress.  Sales prices ranged from $308,750 up to $$405,000 for an average sales price of $365,438 which works out to $251.22 per sq. ft. of living area.  These condos sold for 95% of list price on average and when under contract in an average of 113 days.

The Empress Condos of Hutchinson Island

The Empress of Jensen Beach on Hutchinson Island is an upscale 15 story oceanfront condo building with 115 residences that was completed in 1988.  Located just a couple of miles north of the Jensen Beach Causeway, the Empress is just a short drive to downtown Jensen as well as various shops and restaurants available on Hutchinson Island.

The Empress Condos of Hutchinson Island The Empress Condos of Hutchinson Island

There are various sizes and configurations of condos in the Empress ranging from a  2 very spacious 4 bedroom, 3 bathroom units of 2,804 sq. ft. of living area, along with 3 bedroom, 2 bath units of 1,505 sq. ft. with the remainder 2 bedroom, 2 bathroom condos of either 1,500 or 1,299 sq. ft. of living area.

The Empress Condos of Hutchinson Island The Empress Condos of Hutchinson Island

There is ample assigned and guest parking plus an additional 40 covered detached garages which can be bought and sold between Empress residents.  Other community amenities include pool, Jacuzzi, sun deck, card room, club house with kitchen, ping pong, billiards, exercise room, sauna, tennis courts, golf practice net, car wash area and dune walk to beach.

The Empress Condos of Hutchinson Island The Empress Condos of Hutchinson Island

1 small pet under 20 lbs. is allowed and rentals are also allowed with some restrictions.  As of this writing condo fees ranged from $550 to $600 per month depending on the size of the unit.  Garage owners have some additional fees.

The Empress Condos of Hutchinson Island

Looking for a carefree oceanfront lifestyle on Hutchinson Island in Jensen Beach?  The Empress Condos might just be the right choice.

Click here for currently available Empress Condos for Sale

Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you may wish to consider:
Admiral – Atlantis – Claridge – Dune Walk – Island Club –  Island Crest – Island Dunes – Islandia – Miramar – Miramar Royale – Ocean Dunes – Oceana North – Oceana Oceanfront – Oceana South – Ocean Towers – Oceanrise  – Ocean Bay Villas – Princess –  Regency –Sand Dollar Shores – Sea Winds – Villa del Sol

Empress Condos on Hutchinson Island November 2016 Market Report

Martin County Single Family Homes 2016 3’rd Quarter Report

11.07.16 by

Quarterly Market Report for Martin County Single Family Homes

3’rd Quarter 2016

Click the image below to view the full details of the Martin County single family homes market report data as reported by Martin County Realtor for the 3’rd quarter of 2016.

Martin County Single Family Homes 2016 3'rd Quarter Report

Closed and new pending sales were off for the third quarter when compared to last year while prices continued their rise and Martin County single family homes remained in a sellers’ market though inching closer to a balanced market..

View the entire set of data at GabeSanders.com

River Marina November 2016 Market Report

11.07.16 by

River Marina November 2016 Market Report

For November 2016, there are 12 homes available for sale in River Marina.  3 of these are single family homes and 9 are townhomes and range in price from $192,000 to $489,900 for an average price of $258,454 or $137.16 per sq. ft. of living area.

There are 5 homes under contract (1 single family and 4 townhomes).  List prices ranged from $180,000 to $309,900 for an average of $222,696 which equals $126.88 per sq. ft. of living area.  These homes went under contract in an average of 36 days after going on the market.

In the past 12 months, 35 homes have sold in River Marina (5 single family and 30 townhomes).  Sales prices ranged from $127,000 to $334,988.  The average sales price was $211,938 which works out to $127.48 per sq. ft. of living area.  These homes sold on average for 98% of listing price and were under contract in an average of 42 days on market.

River Marina real estate in Stuart FL

River marina is a newer community consisting of 84 single family homes built from 2006 to 2008 ranging in size from 3 BR, 1600 sq. ft. homes to 5 BR homes with 3,380 sq. ft of living area. 14 of these homes are waterfront with Ocean access through the South Fork of the Saint Lucie River. The single family homes in River marina are in a gated enclave.

River Marina real estate in Stuart FL

Also available are newer townhomes in a non-gated area. Currently only about 47 townhomes have been built with plans for a total of approximately 220 units. Both 2 and 3 Bedroom townhomes are available with 1627 sq. ft. of living area and a 1 car garage. There’s a community pool and easy access to recreational areas.

River Marina real estate in Stuart FL

As of early 2016, construction has resumed for River Marina townhomes by Lennar Homes.  These new townhomes feature 3 bedrooms, 2 and 1/2 bathrooms and a single car garage with granite counter tops and stainless steel appliances.   Priced attractively in the very low $200’s.  For a new buyer discount program, please contact Gabe Sanders with the BlueWater realty team for details.

River Marina real estate in Stuart FL

HOA fees for the townhomes are only $87 per month while the single family homes have a $98 a month fee.  

River Marina real estate in Stuart FL

Search for homes and townhomes for sale in River Marina

River Marina November 2016 Market Report

Florida Townhouses and Condos 2016 3’rd Quarter Report

11.06.16 by

Quarterly Market Report for Florida Townhouses and Condos

3’rd Quarter 2016

Click the image below to view the full details of the Florida townhouses and condos market report data as reported by Florida Realtor for the 3’rd quarter of 2016.

Florida Townhouses and Condos 2016 3'rd Quarter Report

Closed and pending sales were down for the quarter as compared to one year ago while prices continue to rise, though at a much more moderate pace.  The inventory increased and this is very close to a balanced market.

View the entire set of data at GabeSanders.com

Springtree Stuart FL November 2016 Market Report

11.06.16 by

Springtree Stuart FL November 2016 Market Report

For November 2016 there are two homes available to purchase in Springtree.  The list prices for these homes are $229,000 and $299,000 for an average list price of $264,000 which is $159.85 per sq. ft. of living area.

Currently, there are no homes under contract in Springtree.

7 Springtree homes have sold in the past 12 months.  Sales prices ranged from $245,000 to $324,000 for an average sales price of $269,357 which equals $149.95 per sq. ft. of living area.  Sales prices averaged 97% of list price and these homes took an average of 47 days to go under contract.

Springtree Entrance - Stuart Florida real Estate

Springtree is a beautiful small development just west of US 1 in Stuart, Florida. Conveniently located between Indian Street and Salerno Road, Springtree is close to shopping, restaurants, beaches and easy access to I-95 for commuters. This community is a wonderful family neighborhood and in the Martin County ‘A’ rated school district, with Pinewood Elementary, Stuart Middle and Martin County High.

Springtree - Stuart Florida Homes for Sale

Engle Homes completed this community between the years of 2000 and 2003. This is a gated community with a lighted lake and fountain as the centerpiece of the community.  Low HOA fees of approximately $120. month make this an affordable community.   Many homes boast wonderful private lakeside views. Springtree also has a number of preserve areas as well as a playground to keep the tots occupied.

Springtree - Homes for Sale in Stuart Florida

Search here for any available Springtree Homes for Sale

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

Stuart Florida Real Estate
Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Springtree Stuart FL November 2016 Market Report

Florida Single Family Homes 2016 3’rd Quarter Report

11.05.16 by

Quarterly Market Report for Florida Single Family Homes

3’rd Quarter 2016

Click the image below to view the full details of the Florida single family home market report data as reported by Florida Realtor for the 3’rd quarter of 2016.

Florida Single Family Homes 2016 3'rd Quarter Report

Closed and new pending sales were off for the third quarter while prices continued their rise and Florida single family homes remained in a sellers’ market.

View the entire set of data at GabeSanders.com

Stuart West Palm City November 2016 Market Report

11.05.16 by

Stuart West Palm City November 2016 Market Report

There are currently 8 homes for sale in Stuart West.  List prices range from $$499,900 to 1,050,000 for an average asking price of $634,264 which is $210.13 per sq. ft. of living area.

There are 1 home currently under contract. This home was listed for $649,000 or $143.77 per sq. ft. of living area.  This home was on the market for 265 days prior to going under contract.

In the past 12 months, 20 homes have sold in Stuart West.  Sale prices ranged from $177,200 up to $698,000 with the average sale price being $494,159 which equals a per sq. ft. of living area price of $153.74.  These homes sold for an average of 97% of list price and averaged 142 days on the market.

 Stuart West in Palm City FL

Stuart West is an upscale gated equestrian community located adjacent to the Stuart West and the Fox Club in western Palm City.  Just off the I-95 exit, Stuart West is an easy commute for those who work either south or north of Martin County, yet want to enjoy the superior amenities that Palm City has to offer.

Stuart West in Palm City FL

Stuart West resides on over 1,000 acres of pristine land with 249 home sites ranging from 2 to over 10 acres.  There is over 11 miles of waterways located throughout the community which makes for an idyllic setting for this family friendly equestrian community.

Stuart West in Palm City FL

Community amenities include a playground, community boat ramp to the C-23 canal, a 10 acre equestrian center, 24 hour manned security gate (shared with Cobblestone) and security patrols, and an underground cable and routing system for the best high end internet connectivity.  All of this in Martin County’s ‘A’ rated school system.  And school bus service is provided inside the community.

Stuart West in Palm City FL

Currently, Stuart West’s children attend Citrus Grove Elementary, Hidden Oaks Middle and South Fork High Schools.

Home construction started in Stuart West in 1984 and continues to this day with approximately 52 vacant lots yet to be built upon.  Though many of these lots are being kept as pastures by the adjacent homeowners.   Home sizes range from 3 Bedroom, 2 Bath homes of around 2,000 sq. ft. of living area all the way to 7 Bedroom, 5 Bathroom estates with over 5,500 sq. ft. under air.  The HOA fee is a very reasonable $121 per month which covers security and all the amenities this wonderful community has to offer.

Stuart West in Palm City FL

More information about Stuart West can be found on their property owners’ web site here.

 

Stuart West Homes for Sale

Search for Martin County Real Estate

Vacant Land for Sale in Stuart West

Stuart West Palm City November 2016 Market Report

River Forest November 2016 Market Report

11.04.16 by

River Forest November 2016 Market Report

As of November 2016 there are 2 homes for sale in River Forest.  List prices are $275,000 and $287,000 for an average list price of $281,000 which equates to $159.36 per sq. ft. of living area.

There is only 1 home currently under contract awaiting settlement.  The list price is $295,000 or $135.45 per sq. ft. of living area.  This home went under contract 5 days after it was listed.

In the past 12 months, 16 homes have sold in River Forest.  Sales prices ranged from $220,000 up to $290,000 for an average sales price of $257,494 which equals $146.20 per sq. ft. of living area.  Sales averaged at 97% of list price and the average days on market before going under contract was 28.

River Forest Club House, Stuart, Florida

River Forest Club House, Stuart, Florida

Located in a peaceful corner of western Stuart, River Forest is a beautiful community filled with modern, well built family homes. The community features a clubhouse, pool, playground and fitness center! Have a boat? You can enjoy the boat ramp that is located within the community and easy access to the St. Lucie River. River Forest is close to ‘A’ rated schools. Only minutes away from i-95 commuters will have no problem getting where they need to go on time. If you want a home that is away from all the hustle and bustle of the city but still want to be close to everything Stuart has to offer, River Forest is a great pick for you!

River Forest Community Pool in Stuart, Florida

River Forest Community Pool in Stuart, Florida

River Forest Home Owners Association

River Forest Boating in Stuart, Florida

River Forest Boating in Stuart, Florida

Search for All River Forest Homes for Sale

River Forest November 2016 Market Report

River Landing November 2016 Market Report Palm City FL

11.03.16 by

River Landing November 2016 Market Report Palm City FL

As of November 2016, there are no homes currently on the market in River Landing.

There are also no homes under contract in River Landing

In the past 12 months, 4 homes have sold in River Landing.  Sales prices ranged from $350,000 to $415,000 for an average of  $380,575 which equals $160.06 per sq. ft. of living area. These homes sold for an average of 99% of the last list price and took an average of 27 days on market until going under contract. 

Entrance to River Landing in Palm City Florida
One of the little known gems of the Treasure Coast, River Landing is home to 96 custom built homes on the shores of the South Fork of the Saint Lucie River.  There is currently one vacant lot left in River Landing.  Homes in River landing were first built in 1986 and as of this writing the last one was built in 2007.  Both one and two story homes on generous sized lots of approximately 1/3 of an acre and some with larger lots.  Home sizes range from 3 bedroom homes with under 2,000 sq. ft. of living area up to 5 BR with almost 4,500 sq. ft. of air conditioned space.  Low HOA fees of $400 per quarter include basic cable TV services, trash pickup, security gate and maintenance and upkeep of the common areas.
River Landing River Access

This one of a kind gated community offers child and pet friendly quiet streets and has an ocean access boat ramp as well as RV/Trailer/Boat storage facility, tennis courts and playground.

Homes are surrounded by wetland preserves, lakes and forested areas.

 

River Landing in palm City Florida Playground

Living in River Landing is like being on vacation year round with its quick access to the St. Lucie River for a great day of fishing on your boat. The homes in River Landing are mostly new with some older Reportd homes, and mostly spacious with ample space to give you the privacy you want.  Palm City is a wonderful town to live in because of its closeness to I-95 and Florida’s Turnpike as well as its “A” rated school system, entertainment and fantastic local restaurants!

Search here for:

River Landing Homes for Sale in Palm City Florida

River Landing November 2016 Market Report Palm City FL

Conquistador Market Update November 2016

11.02.16 by

Conquistador Market Update November 2016

Homes:  There are no homes currently on the market in Conquistador Estates.

There are also no homes currently under contract.

In the past 12 months, 2 homes have sold in Conquistador Estates with sales prices of $270,000 and $390,000, which is an average sales price of $330,000 or $152.12 per sq. ft. of living area.  These sales averaged a sales price of 98% of list price and went under contract in an average of 1 days after hitting the market.

Condos:  There are currently 5 condos for sale in Conquistador.  Listing prices range from $95,000 to $229,000.  The average list price is $150,400 which equals $131.95 per sq. ft. of living area.

2 Condos are under contract awaiting settlement.  List prices were $113,000 and $154,900 for an average of $133,950 which works out to 123.32 per sq. ft. of living area.  These condos were on the market for an average of 39 days prior to going under contract.

In the past 12 months, 21 condos have sold in Conquistador.  Sales prices ranged from $80,000 to $180,000.  The average sales price was $131,214 which equals a per sq. ft. value of $118.96, and these sales averaged a 95% list to sales ratio as well as going under contract in an average of 149 days.

Conquistador homes and condos are in the the prime senior location in Stuart Florida.  The Conquistador community is located on the shores of the wide Saint Lucie River and only minutes from the beaches of the Atlantic Ocean as well as being right next door to the Martin County Municipal Golf Course with easy access to shopping, restaurants, medical facilities.

 Conquistador is a mix of single family homes (the estates section) and 3 story condominiums.  The condominiums have access to their own pool areas as well as barbecue areas or the main club house pool.

This is a very active senior community with an active clubhouse with fitness room, main ballroom, reading library and activities throughout the year.  Conquistador is not just a seasonal residence as many owners enjoy the benefits of year round living in fabulous Martin County with all the amenities that this jewel of the Treasure Coast has to offer.

Search for available Homes in Conquistador

Search for available Condos in Conquistador

 For any questions you may have about Conquistador Homes and Condos in Stuart, Florida, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Stuart Florida Real Estate

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

Conquistador Market Update November 2016

Gabe’s November 2016 HouseCalls Newsletter

11.01.16 by

Gabe’s November 2016 HouseCalls Newsletter

Click on the image below to view or download my November 2016 HouseCalls Newsletter:

Gabe's November 2016 HouseCalls Newsletter

Click here to download the full PDF of our November 2016 HouseCalls Newsletter

You can see all the past issues here:

HouseCalls Archive

Search here for Stuart Florida Real estate

Gabe’s November 2016 HouseCalls Newsletter

September 2016 Monthly Market Detail St Lucie County Townhouses and Condos

10.31.16 by

September 2016 Monthly Market Detail St Lucie County Townhouses and Condos

The September 2016 Monthly Market Detail St Lucie County Townhouses and Condos picked up a little from last month and remains quite strong.  Closed sales were unchanged from last year (was down 3.8% in August) while new pending sales decreased by 5.1% (was down by 2.9% in August).

Prices continue to increase, though at a more moderate pace than in past months, with the median price up by 6.5% (was up by 23.0% in August) while the average sales price increased by 5.9% (was up by 10.8% in August).  These increases are much more in line with continued moderate gains for year to year in the future.

The inventory of available townhouses and condos decreased by 19 units from last month to 507 units, which is 6.3% less than September 2015. The current supply of units is 5.1 months, which is 3.8% lower than the 5.3 months of inventory last year.  The St Lucie County townhouses and condos continues to be in a sellers market. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

September 2016 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
September 2016 Monthly Market Detail St Lucie County Townhouses and Condos

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

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

September 2016 Monthly Market Detail St Lucie County Townhouses and Condos

Lost River Plantation October 2016 Market Report

10.31.16 by

Lost River Plantation October 2016 Market Report

As of October 2016, there are 5 available homes for sale in the Lost River Plantation community of Stuart, FL.  Prices range from $559,000 up to $750,000 for an average price of  $672,300 which equals $227.24 per sq. ft. of living area.

There are no homes currently under contract in Lost River.

In the past 12 months, there have been 5 sales ranging in sales prices from $490,000 to $792,000 for an average sales price of $661,400 which comes out to $232.00 per sq. ft. of living area.  Sales prices averaged 96% of the last list price and these homes were on the market for an average of 209 days prior to accepting these offers.

 Lost River Plantation October 2016 Market Report

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.

Lost River Plantation October 2016 Market ReportLost River Plantation October 2016 Market Report

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!

Lost River Plantation October 2016 Market ReportLost River Plantation October 2016 Market Report

Search for all Lost River Plantation Homes for Sale in Stuart Florida
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Lost River Plantation October 2016 Market Report

 

September 2016 Monthly Market Detail St Lucie County Single Family Homes

10.30.16 by

September 2016 Monthly Market Detail St Lucie County Single Family Homes

September 2016 Monthly Market Detail St Lucie County Single Family Homes showed reduced sales activity from last September.  Closed sales were down by 6.6% (in August they were up by 8.3%) and new sales under contract (new pending sales) decreased by 11.5% (they were down by 15.1% last month).

Prices, however, continue their upward march at strong rates.  The median and average sales prices up by 10.0% and 10.6% respectively from last September (For August these numbers were 18.7% and 20.2%).  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 increased by 57 homes to 1,671 homes.  This inventory is 11.0% higher than last year.  The current supply of homes is at 3.7 months (3.3 months for September of 2015)  This is 12.1% greater than last year.  The St Lucie County single family home market remains in a very strong sellers market.  A balanced market is one with a 6 to 7 month supply of inventory.

September 2016 Monthly Market Detail St Lucie County Single Family Homes

Click here to view or download the full report:
September 2016 Monthly Market Detail St Lucie County Single Family Homes

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

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

September 2016 Monthly Market Detail St Lucie County Single Family Homes

The Lakes at St Lucie West Just Sold

10.30.16 by

The Lakes at St Lucie West Just Sold

Just sold by Gabe Sanders in the Lakes at St Lucie West for $230,000.  I represented the buyer for the sale of this very well presented pool home in Port St. Lucie.

The Lakes at St Lucie West

Spectacular 3 bedrooms, 2bath, 2car garage turnkey ready home situated in the beautiful ”The Lakes” at St. Lucie West. Home features: 10ft ceilings,20×20 ceramic tile, 36’inc cabinets w/crown molding, granite counter tops in kitchen with backslash and bathrooms, sky lights, stainless steel appliances, ceiling fans w/remote control, new washer and dryer, pocket sliding doors, accordion shutters, crown molding door frames, central vacuum system, 8,000 watts backup generator, Alarm system, newly screened pool deck, In ground pool, fenced backyard, new pool motor with pool vacuum, 2009 new roof w/gutters, 2009 A/C, 2012 water heater, 2009 new garage door. Centrally located less than 3 miles from shopping centers, theaters, restaurants, I95 and much more

The Lakes at St Lucie West The Lakes at St Lucie West

The Lakes at St Lucie West The Lakes at St Lucie West

For more information and for assistance in buying or selling on Florida’s Treasure Coast please visit my web site:

www.GabeSanders.com

September 2016 Monthly Market Detail Martin County Townhouses and Condos

10.29.16 by

September 2016 Monthly Market Detail Martin County Townhouses and Condos

September 2016 Monthly Market Detail Martin County Townhouses and Condos had reduced sales volume and prices for September as compared to last year, yet still remains a very active market.  Closed sales were down for the month, decreased by 3.2% (was up by 4.8% in August) while new sales under contract (new pending sales) were down by 16.8% from September 2014 (decreased by 8.7% in August).

Prices were mixed for September as the median sales price increased by 6.5% (was down by 9.3% in August) while the average sales price decreased by 4.0% (was down by 8.2% in August) as compared to September of 2015.  Typically this split indicates a greater number of sales in the lower priced ranges and slower movement in the higher priced segments.

The inventory of available townhouses and condos decreased by 13 units to 364 properties as compared to last month.  This is 11.3% greater than the September 2015 inventory.  Currently, there’s a 3.7 month supply of inventory (an 11.3% increase from last year).  Still a strong 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.

September 2016 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
September 2016 Monthly Market Detail Martin County Townhouses and Condos

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

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

September 2016 Monthly Market Detail Martin County Townhouses and Condos

September 2016 Monthly Market Detail Martin County Single Family Homes

10.28.16 by

September 2016 Monthly Market Detail Martin County Single Family Homes

The September 2016 Monthly Market Detail Martin County Single Family Homes continues to show reduced sales volume when compared to last years figures, yet remains a strong market.  Closed sales were down by 9.2% (was down by 9.1% in August). New pending sales decreased by 1.6% as compared to September of 2015 (Decreased by 7.8% in August).

For September there were mixed signals about prices with the median sales price rising by 12.4% from last year (up by 0.5% in August) while the average price decreased by 8.1% (was up by 2.2% last month).   Typically this is a result of higher prices in the lower valued range of home sales and fewer sales in the luxury market.

The inventory of available single family homes decreased from last month by 14 homes to 985 units for September,  this is 8.7% greater than last September.  Current supply of homes is 5.0 months, for September of last year it was a 4.3 months supply. (This is a 16.3% increase from last year).  Still a sellers 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.

September 2016 Monthly Market Detail Martin County Single Family Homes

Click here to view or download the full report:
September 2016 Monthly Market Detail Martin County Single Family Homes

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

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

September 2016 Monthly Market Detail Martin County Single Family Homes

Montego Cove October 2016 Market Report

10.28.16 by

Montego Cove October 2016 Market Report

There are 5 condos for sale in Montego Cove in October 2016.  List prices range from $159,900 up to $227,000 for an average list price of $195,660 which works out to $123.64 per sq. ft. of living area.

There is only one condo under contract awaiting the finalization of the sale.  The list price is $169,000 or $112.22 per sq. ft. of living area.  This condo was on the market for 131 days before going under contract.

In the past 12 months, 13 condos have sold in Montego Cove.  Sales prices ranged from $145,000 up to $240,000 for an average sales price of $200,269 which equals $121.86 per sq. ft. of living area.  These condos averaged 75 days on market before accepting the final offer and sold for an average of 96% of the last listed price.

About the Montego Cove Condos in Stuart FL

Montego Cove Condos in Stuart FL

Located just west of US-1 (Federal Highway) off of Cove Rd, this attractive Condo community on over 50 acres with 30 residential buildings for a total 182 units  that are mostly 2 bedroom, 2 bathroom condos and a few 3 bedroom ones and one 1 bedroom condo.  Living areas range from 1,506 sq. ft. to 1,683 sq. ft. for the 2 bedroom condos and 1,722 sq. ft. for the 3 bedroom condos.  This complex opened in 1985 and the last section was completed in 1989.

Montego Cove Condos in Stuart FL

This community offers ample green spaces along with 2 tennis courts, 2 pools, shuffleboard and a clubhouse. This is a 55 and over age restricted community.  There is one covered parking space (carport) for each home and extra uncovered spaces for guests and residents.  One small pet (under 15 lbs.) is permitted.

Montego Cove Condos in Stuart FL

There is abundant green space and two small lakes for serene water views for most homes in Montego Cove.  Those without water views have private preserve views.

Montego Cove Condos in Stuart FL

An excellent location close to great restaurants and the fishing center of Stuart in Port Salerno and just a short few minutes to access I-95 and points north or south only a few hours away.  Medical facilities as well as professional services are also only a short distance away.

Montego Cove Condos in Stuart FL

As of June 2016 the Condo fee is $410 per month.  This includes the maintenance, insurance and upkeep of all the common areas and facilities as well as each building, trash pickup, management, cable TV, and pest control.

Click here to see the available Montego Cove condos for sale

September 2016 Monthly Market Detail Florida Townhouses and Condos

10.27.16 by

September 2016 Monthly Market Detail Florida Townhouses and Condos

The September 2016 Monthly Market Detail Florida Townhouses and Condos had a weaker month for sale activity as compared to last year.   Closed sales were down by 3.9% as compared to last months increase of 3.3% and new sales under contract (new pending sales) decreased by 5% (In August there was a 6.1% decrease).

Price changes were mixed this month with the median prices rising while average prices declined..  Median sales prices were up by 6.7% (was also up by 6.7% in August), while the average sales price decreased by 2.9% (was up 3.4% in August).  As sales activity decreases and if inventory continues to increase, I expect these prices to continue to moderate.

The inventory increased by 9.3% from September of last year.  For August 2016 we have 5.8 months of inventory (was also 5.8 months in August) and compared to 5.1 for September 2015.  We are approaching a balanced 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.

September 2016 Monthly Market Detail Florida Townhouses and Condos

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

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

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

September 2016 Monthly Market Detail Florida Townhouses and Condos