Sewalls Point Single Family Market Report September 2016

Sewalls Point Single Family Market Report September 2016

Sewalls Point Real Estate Snapshot, Residential Sales for September 2016

There are currently 69 active listings (Up by 3 homes since last month)

10 home sales are pending and awaiting close or lender approval (Decreased by 4 homes from August)

7 Homes sold in September (Increased by 1 home sales from August)

The single family real estate market in Sewalls Point for September continues to improve from previous months as well as last year. Though, we also are seeing a market increase in inventory as prices continue to rise for the desirable Sewalls Point community.

The current absorption rate dropped to 9.9 months, in August it was 11 months. Still a sellers market, but a large improvement from earlier summer numbers. A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to September of 2015, the inventory was 54 homes on the market, 15 pending sales and there were 5 closed sales. Better closed sales for this year, but we also have a greater number of available homes for sale.

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- Rental Properties for Rent in Sewalls Point, Florida Between $0 – $100,000

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Sewalls Point Single Family Market Report September 2016

Palm Pointe and Palm Isles October 2016 Market Report

10.13.16 by Gabe Sanders

Palm Pointe and Palm Isles October 2016 Market Report

There is currently only one active listings in Palm Pointe and Palm Isles. The list price for this home is $269,900 which is equal to $147.41 per sq. ft. of living area.

At this time, there are 2 homes under contract which have not closed yet. List prices were $229,000 and $275,000 which averages out to $252,000 or $150.15 per sq. ft. of living area. These homes were on the market for an average of 41 days prior to going under contract.

14 homes have sold in the past 12 months. Sales price ranged from $185,000 to $335,000 with the average sales price of $257,415 which works out to $130.56 per sq. ft. of living area. These homes were on the market for an average of 73 days prior to going under contract and sold at an average of 96% of list price.

Palm Pointe and Palm Isles are adjoining communities in Palm City just east of High Meadow Rd between Martin Downs Blvd and Martin Hwy. These gated communities are conveniently located close to both Florida’s Turnpike and I-95 making it a great location for those who commute to parts north or south for work, yet want to take advantage of the great school system and amenities that Martin County has to offer. Also within easy reach of shopping, restaurants and medical facilities as well as the many boat ramps and Marinas of Martin County.

There are a total of 128 homes that were built from 1990 through 1996 for Palm Pointe and 1999 to 2001 for Palm Isles. These two communities share a community pool, tennis courts and a playground.

Homes range in size from 2 bedroom, 2 bathroom homes of around 1,400 sq. ft. of living space plus a two car garage, up to 4 bedroom, 4 bath homes of around 2,400 sq. ft. plus garage. Many homes in these communities have their own private pools and a lucky few have wonderful lake views.

As of October 2016 HOA fess were just over $200 a month and this community allows large pets and rentals. There are vehicle restrictions for commercial trucks.

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Palm Pointe and Palm Isles October 2016 Market Report

The Falls of Jensen Beach October 2016 Market Report

10.12.16 by Gabe Sanders

The Falls of Jensen Beach October 2016 Market Report

For October 2016 there are 7 homes available for sale in the Falls of Jensen Beach. Listing prices range from $459,000 up to $725,000 for an average asking price of $550,243 or $176.07 per sq. ft. of living area.

There is one home under contract which has not completed the sales process (closed). The list price of this home is $475,000 or $137.05 per sq. ft. of living area. This home was on the market for 173 days prior to going under contract.

In the past 12 months, 14 homes have sold in the Falls of Jensen Beach. Sales prices ranged from $440,000 up to $535,000 for an average sales price of $487,286 which is equal to $150.08 per sq. ft. of living area. These homes averaged 116 days on market before going under contract and sold on average for 98% of listed price.

A newer Kolter community located just north and west of the Treasure Coast Mall in Jensen Beach FL. This is a gated community with spacious lots, many of which have serene preserve or lake views from the back patio and yard.

The Falls is in a wonderful location close to shopping, restaurants as well as professional services and only a few minutes to the beaches and waterways that Martin County has to offer. Children living in the falls have the privilege of attending Martin County ‘A’ rated schools. Currently these are the Jensen beach Elementary school, Stuart Middle school and the Jensen Beach High school.

Construction in the Falls began in 2006 and all of the 130 lots have now been built, with the latest homes just recently completed in 2016. As of this writing there are only two new homes available from the builder, but re-sale homes have been coming on the market at a fairly steady rate.

Homes sizes in the Falls range from 4 bedroom, 3 bathroom homes of 2,236 sq. ft. of living area up to 5 bedroom, 4 bathroom homes with just under 4,500 sq. ft. under AC. The majority of the homes in the falls have 3 car garages. Homes range from single story ranch style designs to two story homes and many have private pools.

Since this is a newer community, all homes meet the latest building codes for hurricane and wind protection and most homes also feature updated kitchen with granite countertops.

The HOA fee (as of September 2016) is $218 per month and includes your landscape and lawn service, basic cable TV as well as security and the common areas. There is no community pool or clubhouse in the Falls.

Here are the currently available homes in the Falls of Jensen Beach

Those interested in new construction in the Falls, please call us for our special builder rebate program (772) 323-6996.

Historic Stuart Pool Home on Large Lot Reduced

10.11.16 by Gabe Sanders

Historic Stuart Pool Home on Large Lot Reduced

New price for this well located home in one of the most desirable areas of Stuart is now $525,000. Call us for an appointment to see 221 SE Martin Ave. in Stuart FL .

Unique Old Florida charm. Enter the home with wood floors and Miami Dade County Pine wood ceilings, with wood burning fireplace, exposed beams and vaulted ceilings. Open floor plan with views of the pool from living and family room. Hurricane impact sliders opens up the family room to enjoy the Florida outdoors. The 80 inch smart TV on an adjustable arm allows you to entertain and watch the TV on the patio conveys with the house.

There are numerous structures that come with this property. The main house has two bedrooms two baths with a third bedroom and half bath with separate entrance. As well as a totally detached apartment with full kitchen and double walk-in closet and bathroom.

Also, there’s a hurricane safe room located on the property that can double as a bomb shelter. Lush tropical landscaping with some fruit trees. four car detached carport and two storage sheds. Florida living at its best!

Other nearby Stuart homes for sale:

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Atlantis Condos on Hutchinson Island October 2016 Market Report

10.10.16 by Gabe Sanders

Atlantis Condos on Hutchinson Island October 2016 Market Report

There are currently 7 condos on the market in the three Atlantis condo buildings.. List prices range from $189,000 to $344,900 for an average list price of $257,800 which equates to $223.56 per sq. ft. of living area.

There are 2 Atlantis condos that are under contract that haven’t sold to date. List prices are $229,900 and $299,000 for an average of $264,450 or a per sq. ft. price of $240.31. These two condos went under contract in an average of 107 days.

In the past 12 months, 10 condos have sold in Atlantis. Sales prices ranged from $125,000 to $265,000 with an average sales price of $207,440 or $188.75 per sq. ft. of living area. These condos sold in an average of 109 days and at an average of 96% of list price.

Atlantis Condos on Hutchinson Island in Jensen Beach FL (Saint Lucie County) consists of three buildings. Atlantis ‘A’, Atlantis ‘B’ and Atlantis ‘III’. Buildings A and B were constructed in 1978 and consist of 68 2 bedroom 2 bathroom condos with 1,053 sq. ft. of living space on 7 stories. End units are slightly bigger with wrap around balconies and 1113 sq. ft. of living space. Building III was built in 1982, also with the same number of condos but is slightly larger with 1,151 sq. ft. interior units and 1,258 sq. ft. on the ends.

Condo association fees at the time of this post were in the low $300’s per month for Buildings A & B and the low $400’s for Atlantis III. These three buildings have two pools in between them as well as direct ocean access from the rear of all buildings. Those on floors 3 to 7 enjoy excellent ocean and beach views, while the lower floors have partially blocked views because of the sand dunes. There is ample outdoor parking for all residents as well as two tennis courts and a vehicle wash area.

The Atlantis condos are conveniently located just 1 and ½ miles north of the Jensen Beach Causeway and within an easy drive of shopping, restaurants and all the amenities offered on Florida’s Treasure Coast.

Give the Gabe Sanders BlueWater realty team a call or email if you would like more information or wish to see the Atlantis complex in Jensen Beach FL.

Search for Atlantis Condos on Hutchinson Island for Sale

Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you may wish to consider:
Admiral – Claridge – Dune Walk – Empress – 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

1 Acre Vacant Lot for Sale in Rocky Point Just Listed

10.10.16 by Gabe Sanders

1 Acre Vacant Lot for Sale in Rocky Point

Rocky Point Vacant Land Just Listed

Overview
Maps
Photos
Description

$179,000

An exciting opportunity for those looking to build their dream home close to town yet still with lots of room on this 1 acre lot in Rocky Point. There is the potential for views of the Miles Grant Golf Course which lies adjacent to the east side of this lot. There is also an active flowing brook just outside the south boundary of this vacant parcel. There is no HOA, so only need to comply with County restrictions to build your dream compound that is close to town, restaurants and the many wonderful amenities offered in the Stuart FL area.

Main Features

Lot: 0.98 acre(s)
MLS #: M20001288

Location

5072 SE Great Pocket Trail
Stuart, FL 34997
USA

Gabe Sanders

Real Estate of Florida
(772) 323-6996
http://www.GabeSanders.com

Listed by: Real Estate of Florida

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Pierpoint Yacht Club October 2016 Market Report

10.09.16 by Gabe Sanders

Pierpoint Yacht Club October 2016 Market Report

There are 2 active listings in Pierpoint for early October 2016. List prices are $119,000 and $134,900 for an average list price of $126,950 which equates to a per sq. ft. price of $105.98.

There are no condos currently under contract.

In the past 12 months, 19 condos have sold in Pierpoint. Sale prices ranged from $84,000 to $229,900 for an average sales price of $122,284 which equals $97.37 per sq. ft. of living space. These condos were under contract in an average of 88 days and sold at an average of 96% of the list price.

This friendly, active 55+ condominium offers two community pools, grills, shuffleboard, a waterfront clubhouse and dock. First floor, end unit overlooking a peaceful courtyard and pond with a fountain. Clean, freshly painted, vacant unit just perfect for you!

Located in the heart of Stuart and on the shores of the wide Saint Lucie River, the Pierpoint Yacht Club Condominiums is the premier adult community in Stuart, Florida. Extremely well maintained complex of 8 buildings, some of which have magnificent water views.

Pierpoint has docks with boat slips for rent as available. Also on this dock is a fishing station and benches for all Pierpoint residents to enjoy and use. Stuart enjoys some of the finest fishing conditions in all of Florida and the east coast.

On the shores of the Saint Lucie River, Pierpoint has a large and active clubhouse with a full kitchen available for members and special occasions. Adjacent to the clubhouse is one of two heated pools, a billiard room, reading library and shuffle board courts. There’s an outdoor lounge for sipping cocktails right on the shores of the wide Saint Lucie River. Lots of green space and ample parking complement this wonderful community.

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Pierpoint Yacht Club October 2016 Market Report

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Canopy Creek October 2016 Market Report

10.08.16 by Gabe Sanders

Canopy Creek October 2016 Market Report

There are currently 3 homes for sale in Canopy Creek in Palm City. All are new construction homes from Kolter Homes. List prices range from $639,900 to $674,900 for an average list price of $653,233 or $209.51 per sq. ft. of living area.

There are no homes currently under contract in Canopy Creek.

In the past 12 months, 7 Canopy Creek homes have sold. Sales prices ranged from $649,900 to $921,580 for an average sales price of $762,072 or $204.84 per sq. ft. of living area. These homes averaged 86 days on market prior to going under contract and the sales prices were 101% of the list price.

Canopy Creek Clubhouse

Canopy Creek in Palm City is a beautiful community for those seeking new construction homes with plenty of room for privacy. With just 300 homes on 700 acres of preserves and wetlands this community affords luxury living without the crowds of urban areas. Each estate home in this Eco-friendly community is on a minimum of a half-acre lot and all offer peaceful views of protected Florida preserves.

Canopy Creek will be a gated private community with easy access to I-95 or the Florida Turnpike. Minutes from the famous Treasure Coast beaches of Florida, the area also offers fabulous shopping and dining in beautiful Stuart, Florida and one of the finest public school systems in Florida. Canopy Creek is your best choice for new homes in Palm City, Florida.

New homes range in size from just over 3,000 sq. ft. of living area to 4,100 sq. ft. with prices starting from the low $600,000’s. Clients of the BlueWater Realty Team may qualify for some special promotional discounts. Please call us for details.

Vista Pines Condo EE-11 Sold

10.08.16 by Gabe Sanders

Vista Pines Condo EE-11 Sold

Sold for $45,000, Unit E-11 in Vista Pines, this updated 1 bedroom condo in a fabulous location close to shopping, beaches and professional facilities, has a happy new owner thanks to the efforts of Gabe Sanders of Real Estate of Florida in Stuart FL.

An immaculate condo in the highly sought after condo community of Vista Pines. This is a 2’nd floor 1 bedroom, 1 bathroom condo has been recently updated and is within easy walking distance to shops, restaurants and medical facilities.

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

Vista Pines Condo EE-11 Sold

Orchid Bay Palm City FL October 2016 Market Report

10.07.16 by Gabe Sanders

Orchid Bay Palm City FL October 2016 Market Report

There are currently 3 homes available to purchase in Orchid Bay. List prices range from $584,500 to $649,000. The average listing price is $626,833 which equates to $179.70 per sq. ft. of living area.

3 homes are under contract and awaiting sale. The list prices are $445,000 and $489,999 which average to $466,633 and is $177.31 per sq. ft. of living area. These three homes averaged 150 days on the market before going under contract.

In the past 12 months, 7 homes have sold in Orchid Bay. Sales prices ranged from $369,000 to $550,000 for an average sold price $444,286 which equals $161.75 per sq. ft. of living area. These 7 homes averaged 175 days on the market before the sellers accepted an offer and sold for an average of 97% of the listed price.

One of the most desirable communities in Palm City, Orchid Bay (also known as Captain’s Creek) lies just south of the new Palm City Veteran’s Memorial Bridge off of Mapp Road. This gated community of 153 homesites (including only two vacant lots at this time) enjoys spacious private lots of at least a ½ acre with a few properties residing on over 1 acre sites. This planned community was developed by the Tartan land Company in the early 1990’s and all homes are individually constructed by the lot owner’s builder of choice. Consequently this is not a “cookie cutter” community by any means.

Homes range in size from over 5,000 sq. ft. of living area to just over 2,000. From as many as 8 bedrooms down to 3 bedroom homes. Both one and two story residences. Homes were built from 1992 through 2007. Amenities include tennis courts, a picnic and playground area as well as a public gazebo. Numerous lakes and ponds are on this property with many homes enjoying serene water views. Orchid Bay has its own community propane tank so all residents have the option of hooking in for propane utilities if desired.

HOA fees at the time of this writing are $415 per quarter. These fees include maintenance of the roads, trash pickup, common areas as well as basic cable TV service.

Children of Orchid bay attend wonderful schools: Palm City Elementary, Hidden Oaks Middle and Martin County High.

Search here for all available Orchid Bay Homes for Sale

For any questions you may have about Orchid Bay, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Orchid Bay Palm City FL October 2016 Market Report

The Courtyards at Willoughby October 2016 Market Report

10.06.16 by Gabe Sanders

The Courtyards at Willoughby October 2016 Market Report

There are no homes for sale in the Courtyards at Willoughby for the beginning of October 2016.

There are no properties currently under contract.

In the past 12 months, 3 condos have sold in the Courtyards of Willoughby with sales prices ranging from $144,500 to $191,000 for an average sales price of $160,167 and this equals $108.47 per sq. ft. of living space. These condos sold for an average of 94% of list price with an average of 124 days on market before going under contract.

The charming townhomes in the Courtyards at Willoughby are located close to Historic Downtown Stuart as well as many other shopping, dining and entertainment areas that Stuart, Jensen Beach and Palm City have to offer.

There are only 44 residences in the Courtyards at Willoughby with four different models to choose from, The Juno, The Jupiter, The Hutchinson, and The Jensen depending on your needs. The models go up to 3 bedroom, 2 bathroom two level homes with 1,532 sq. ft. of living area down to 2 bedroom, 2 bath one level living with 1,125 sq. ft. of living space and some models feature garages. Maintenance fees at the time of this writing (October 2016) run from $350 per month and lower depending on the size of the unit. Up to 1 medium sized pet is allowed.

This community features a swimming pool, with a sundeck and cabana grilling area, and a 24 hour fitness center! The surrounding school district is ‘A’ rated.

As of October 2016 there is only one active listing in the Courtyards at Willoughby. It is a 3 bedroom, 2 bath townhome with a two car garage. The list price is $195,000.

There are three pending listings. All are 2 bedroom units that were listed from $109,900 to $129,000 for an average list price of $115,966 which equals $98.78 per sq. ft. of living area. 2 of these homes are short sales.

In the past 12 months, there have been 7 sales in the Courtyards at Willoughby. Sales prices ranged from $103,100 to $179,900 for an average sold price of $129,750 which was $97.33 per sq. ft. of living area. There were no foreclosures and one shortsale in this group of sales.

Search Here for Courtyards at Willoughby Condos for Sale

The Courtyards at Willoughby October 2016 Market Report

Stuart Florida Real Estate presented by
the Gabe Sanders real estate team

TownPark Home in Tradition Sold

10.05.16 by Gabe Sanders

TownPark Home in Tradition Sold

Like new homes in the desirable TownPark community of Tradition in Port Saint Lucie has been sold. This home located at 11715 SW Bennington Circle was sold for $250,000 with Gabe Sanders representing the buyer.

Living is easy in this beautiful Gulfstream model located in desirable TownPark community. With 2 bedrooms, 2 baths plus den open floor plan you will enjoy this perfect home for relaxing and entertaining. The minute you walk in you feel as the designer just left and you are there to enjoy all the beauty. Foyer invites you with its airy feeling and sleek light fixture. Living room/formal dining makes you just want to sit there and admire its crisp contemporary style. Recessed lighting makes it bright and comfortable. Family room is perfect for entertaining as you can prepare meals in your stylish and modern kitchen while conversing with family or friends. All GE stainless steel appliances, thick granite counter tops, wooden cabinets and oversized pantry complete this functional space.

Beautiful 18×18 porcelain floor tile makes the living area calm and cool. Breakfast corner is spacious enough to provide your guests with lots of comfort. Large sliders overlook beautifully landscaped yard with robelina and tiger tail palms that will provide lots of privacy. The covered paved patio creates your own little oasis to enjoy the warm Florida evenings.

The master bedroom is simply a retreat with its coffered ceiling, neutral colors and beautiful window treatments. New Avila laminate flooring just adds to this stunning look. Keep going past the two large walk-in closets and take a peek at the master bath with its huge glass shower, dual sinks and beautiful tile. Den has large double doors, gorgeous laminate flooring, beautifully toned colors and it can serve as an office or a third bedroom if desired. It is next to the 2nd bath and the guest bedroom which rest assured your guests will appreciate with its beautiful laminate floor, earth colors, stunning window treatments and ample closet space. The laundry room comes complete with GE Profile front load washer and dryer along with plenty of shelf and closet space. The two car garage has abundant storage and attic space.

This home is perfect for full time living or a vacation spot. Ideally positioned within walking distance to great amenities (clubhouse, exercise room, pool, tennis courts, basketball court etc.) of TownPark and close proximity to the shopping center, restaurants, schools and entertainment.

For more information about Tradition and/or TownPark real estate, please call Gabe Sanders at 772-323-6996.

TownPark Home in Tradition Sold

Suntide Oceanfront Condo in Stuart FL Coming Soon

10.04.16 by Gabe Sanders

Suntide Oceanfront Condo in Stuart FL Coming Soon

Ocean Access from the Suntide Condo on Hutchinson Island

Scheduled to be available beginning Friday October 7, 2016 is this spacious condo with just under 1,800 sq. ft. of living area in the Suntide Condominiums of Stuart FL. This 2 bedroom, 2 bathroom condo has been well maintained and offers ample storage as well as plenty of flex room if you need more space for additional visitors. The enclosed patio offers great peeks at the Ocean and green space. This first floor condo also has additional storage, under building parking, community pool, sundeck, exercise room, clubhouse with kitchen and party area as well as billiards and a game room. All in a wonderful oceanfront location that is close to the Publix market as well as downtown Stuart.

Pool of Suntide Condo on Hutchinson Island

Fitness Room in the Suntide Condo on Hutchinson Island Game room in the Suntide Condo on Hutchinson Island

Tennis Courts of Suntide Condo on Hutchinson Island Shufleboard Courts in Suntide Condo on Hutchinson Island

Under Building Parking for the Suntide Condo on Hutchinson Island Pool of Suntide Condo on Hutchinson Island

Sundeck of the Suntide Condo on Hutchinson Island

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Rocky Point Vacant Land for Sale – Coming Soon

10.03.16 by Gabe Sanders

Rocky Point Vacant Land for Sale – Coming Soon

This lot is .98 Acres with 100′ frontage and 428′ depth. For more information call Gabe Sanders at 772-323-6996

Click here to search for all Rocky Point Vacant Land available for sale

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Stuart Florida real estate from Gabe Sanders – Real Estate of Florida

Just Listed – Hobe Sound Vacant Land for Sale

10.02.16 by Gabe Sanders

Vacant Land for Sale in Hobe Sound

Overview
Maps
Photos
Description

$99,000

Vacant lot for sale in the Olympia section of the Hobe Sound area of Martin County Florida. This lot is conveniently located close to historic downtown Hobe Sound and only minutes to Jupiter Island Beach on the crystal clear waters of the Atlantic Ocean. Only a few blocks from Zeus Park and the Joseph B Reed park athletic facilities. This excellent location also affords easy access to I-95 via Bridge Road and to both downtown Jupiter and Stuart via Dixie Highway and/or US-1. The adjacent lot is also for sale for those wanting to build a larger home than would be possible with an individual parcel.

Main Features

Lot: 6,229 sqft
MLS #: M20001183

Location

11990 SE Plutus Ave.
Hobe Sound, FL 33455
USA

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Just Listed – Hobe Sound Vacant Land for Sale

August 2016 Monthly Market Detail St Lucie County Townhouses and Condos

10.01.16 by Gabe Sanders

August 2016 Monthly Market Detail St Lucie County Townhouses and Condos

The August 2016 Monthly Market Detail St Lucie County Townhouses and Condos picked up a little from last month and remains active. Closed sales were down 3.8% from last year (was down 22.6% in July) while new pending sales decreased by 2.9% (was down by 2.6% in July).

Prices on the other hand went back to increasing after last month with the median price up by 23.0% (was down by 18.8 in July) while the average sales price increased by 10.8% (decreased 1.7% in July). These increases were unexpected as I don’t expect prices to rise quite this fast year to year in the future. Though, I also don’t expect them to decline anytime soon either.

The inventory of available townhouses and condos increased by 17 units from last month to 526 units, which is only 1.7% less than August 2015. The current supply of inventory is 5.3 months, which is just a little more than the 5.2 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.

Click here to view or download the full report:
August 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.

August 2016 Monthly Market Detail St Lucie County Townhouses and Condos

August 2016 Monthly Market Detail St Lucie County Single Family Homes

09.30.16 by Gabe Sanders

August 2016 Monthly Market Detail St Lucie County Single Family Homes

August 2016 Monthly Market Detail St Lucie County Single Family Homes showed some improvement in closed sales from last month and last year while new pending sales are still down from last year. Closed sales were up by 8.3% (in July they were down by 9.0%) and new sales under contract (new pending sales) decreased by 15.1% (they were down by 10.0% last month).

Though, prices continue their upward march at very strong rates. The median and average sales prices up by 18.7% and 20.2% respectively from last August (For July these numbers were 13.0% and 15.2%). 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 137 homes to 1,614 homes. This inventory is 9.6% higher than last year. The current supply of homes is at 3.6 months (3.3 months for August of 2015). 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.

Click here to view or download the full report:
August 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.

August 2016 Monthly Market Detail St Lucie County Single Family Homes

Courtesy pays in real estate; most literally!

09.30.16 by Gabe Sanders

Courtesy pays in real estate; most literally!

If you’re currently putting your house up for sale in today’s complex market (and, of course, preparing to move in the process), then you may find yourself at various times frustrated, impatient, weary, wary, or even angry. These feelings are natural and are bound to come with any life transition; it is important, however, that you not let them show before the people who are considering buying your home.

When you prepare yourself for the showings and open houses that will help you sell your home, you of course will put your best face on your house; making sure that your home is clean, bright and cheery at all times during the sale. Also be sure that your visitors can say the same about the host of the showing or open house that they’re attending; that the home owner with whom they might do business is as warm and welcoming as the atmosphere of the residence itself.

If possible, allow the Realtor representing the buyers to go through your home by themselves. They will be much more comfortable without you being in the room and listening to their comments. I know that you’re the best authority about your home, but you are also emotionally attached and as much as you love your home, trying to convince a buyer to fall in love with your home will most likely have the opposite effect. If you have to stay for the showing try to welcome a guest and potential home buyer through the doors of your home, then treat them more as the former than the latter.

If you absolutely have to be the one showing the home, follow this advice: Make conversation and—if possible—make friends with your guests before you even dream of making a sale. In other words, make them feel at home in the very home that they might wish to buy.

If possible, offer each guest or family of guests a personal tour of your home; allowing them to see its beauty and assets through your eyes, so that they can know and appreciate fully everything that your home has to offer them. Ask them if they have any questions and answer them to the best of your ability; remembering that no question is dull or unimportant if it might just result in the sale of your home.

At the same time, don’t be too forward or pushy in trying to make a home sale. Just remember that, if you welcome a guest into your house under any other conditions, you wouldn’t constantly barrage your guests with constant inquiries of “So what do you think of my house?”, “When do you think you’ll be coming back?”, etc. In a similar fashion, you don’t want to confront the guests at your showings and open houses by demanding an offer on your home.

If a guest indicates in all politeness that they don’t want to buy your house, then respond with equitable politeness that you were very pleased to meet them and welcome them to your home that day. If a guest says that they need time to consider or think about their potential purchase of your home, then give them that time.

Ultimately you will find that courtesy does indeed pay in real estate; and it might just result in a fair, swift and profitable home sale that is very “nice” indeed!

August 2016 Monthly Market Detail Martin County Townhouses and Condos

09.29.16 by Gabe Sanders

August 2016 Monthly Market Detail Martin County Townhouses and Condos

August 2016 Monthly Market Detail Martin County Townhouses and Condos had reduced sales volume and prices for August yet still remains a very active market. Closed sales were up for this month, decreased by 4.8% (was up by 4.7% in July) while new sales under contract (new pending sales) were down by 8.7% from August 2014 (decreased by 15.2% in July).

Prices were also off for August as the median sales price decreased by 9.3% (was up by 8.8% in July) while the average sales price decreased by 8.2% (was up by 4.1% in July) as compared to August of 2015. I think this is just a temporary situation as I feel prices will continue to rise for the near future.

The inventory of available townhouses and condos increased by 7 units to 377 properties as compared to last month. This is 16.7% greater than the August 2015 inventory. Currently, there’s a 3.9 month supply of inventory (an 25.8% 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.

Click here to view or download the full report:
August 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.

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