Vintage Stuart Pool Home – Open House May 8
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Pierpoint Condo B-72 Under Contract
05.07.16 by
Pierpoint Condo B-72 Under Contract
This wonderfully updated Pierpoint condo in Stuart FL is now under contract with the buyers and sellers working with the Gabe Sanders BlueWater Realty Team. This condo was listed for $89,000.
This is the perfect winter getaway from those cold northern winters. With the opportunity to have your own boat only steps away to enjoy fishing or the many waterways of the Treasure Coast of Florida. Or, for some a great new permanent residence with no lawns to mow or exterior maintenance to worry about.
Nicely updated 1 bedroom, 1 and ½ bathroom condo in Pierpoint. Serene pond views from the balcony of this surprisingly spacious condo. Kitchen has granite tile counter-tops and upgraded white cabinets. This unit comes fully furnished and in move in condition. Pierpoint is a waterfront community with dockage available for lease at very reasonable rates as well as kayak storage. There are two community pools, clubhouse with full kitchen, fitness room and a library. Fantastic location in the heart of Stuart only minutes to shopping, downtown, medical facilities and the beaches, yet still in a quiet residential area. Pierpoint is an adult community and no pets are allowed. Opportunities like this don’t come often.
About Pierpoint Condominiums
This friendly, active 55+ condominium offers two community pools, grills, shuffleboard, a waterfront clubhouse and dock. 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.
Search for all Pierpoint Yacht Club Condos for Sale in Stuart Florida Real Estate
Pierpoint Condo B-72 Under Contract
Stuart Florida Real Estate presented by:
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The Arbors in Hobe Sound May 2016 Market Report
05.06.16 by
The Arbors in Hobe Sound May 2016 Market Report
There are 4 available homes for sale in The Arbors as of May 2016. List prices are $439,900 to $597,500 for an average of $519,100 which equals $199.88 per sq. ft. of living area. These homes have been on the market for an average of 34 days.
There are three homes under contract which have not completed the sales process. The list prices ranged from $479,000 to $575,000 for an average list price of $527,000 or $196.58 per sq. ft. of living area.. These homes averaged 162 days on market prior to going under contract.
In the past 12 months, 8 homes have sold in the Arbors. Sales prices ranged from $315,000 to $578,500 for an average sales price of $407,063 which equals $176.87 per sq. ft. of living area. These sales averaged at 96% of the listed price and were on the market for an average of 131 days prior to entering into an agreement for sale.
In northern Hobe Sound just west of Federal Highway and off of Seabranch Avenue is the exclusive 190 homes of the Arbors. This exclusive gated community of upscale homes all border on lakes or preserve with generous lots and elbow room not found in many modern developments. In addition to the two serene lakes the Arbors also contains generous nature preserves to protect the indigenous hardwoods and pines as well as offering a home to native flora and fauna. Residents of the Arbors enjoy seeing endangered srub jays and gopher tortoises as well as pairs of sandhill cranes. To enjoy the surrounding 100 acres of protected preserve areas, the Arbors has set up a walking trail through much of this land. Great for a morning walk or excellent exercise for those that wish to go for a run or jog.
All this in a location that is just minutes from many championship golf courses, the beautiful beaches of the Atlantic Ocean and the marinas and waterways of Martin County. Close to Martin County’s ‘A’ rated schools, shopping centers, medical facilities and all necessary urban services yet in a quiet peaceful setting. The Arbors is less than an hour away from Palm Beach International Airport and just about equi-distant from Miami and Orlando, both only two hours by car.
The Arbors is a wonderful place to call home.
Cedar Pointe Village 6 End Unit Under Contract
05.06.16 by
Cedar Pointe Village 6 End Unit Under Contract
This 2 bedroom 2 bathroom condo in building 115 Unit 6 is now under contract through the efforts of the Gabe Sanders BlueWater Realty Team. This is a Cedar Pointe Village 6, second floor end unit condo which was listed for $64,000.
Enjoy this 2 bedroom, 2 bathroom 2’nd floor end unit condo in Cedar Pointe. This spacious condo is available for immediate occupancy and features a newly painted living, dining and guest bedrooms. The master bathroom has been completely renovated while the remainder of this condo has great potential and is in need of some updating. Enjoy this wonderful community in one of the best locations in Stuart. Close to shopping, restaurants, beaches, golf and historic downtown Stuart. Cedar Pointe is a 55+ community and no pets are permitted. Rentals are permitted after 0ne year of ownership for a minimum of 3 months one time per year.
Residents of Cedar Pointe live in one of the best locations in Stuart, Florida. Only 3 miles from Stuart Beach and several other fine beaches. Cedar Pointe Plaza is within walking distance of the Village. The Blake Library, The Fresh Market, Dollar Tree, Publix and many medical facilities are walkable. Several restaurants located right in the Plaza such as The Bagel Break, Alice’s, The Bistro and Florentino’s, & The Peacock. For great pizza and other Italian favorites try Camilla’s. Clothing stores such as Anthony’s and Bealls are local favorites. Several churches are close by. Martin Memorial Hospital is only a short drive.
The Historic Downtown Stuart offers many opportunities to dine and shop or just have fun. During the “Season” many outdoor activities and events are scheduled; free Art Festivals, Music Fests, and free concerts on the water front and at the Court House Gazebo.
Several theaters are in the area. Across the street is The Barn, the oldest community theater in the area. The Lyric in Downtown Stuart has a variety of productions. The Sunrise in Ft. Pierce and the Kravitz in Palm Beach offer a fantastic collection of productions, including named stars, opera, musicals and comedy.
In “Season”, Cedar Pointe Villages have many social events; bingo, a variety of card games, Saturday breakfasts, hot dog/hamburger barbecues. And, occasionally a pot luck dinner. Singers and various musical groups from local schools enjoy performing here.
Sports fans will not be disappointed. St. Lucie Mets Spring Training camp. Roger Dean Stadium in Jupiter for the Miami Marlins. Stuart is known as the Sailfish Capitol of the World. Bring or buy your fishing gear as you will have many opportunities to use it. The Annual Boat shows in the area. Fishing tournaments. Kayak and boat tours on the St. Lucie River. Is this not one of the many reasons you want to move here? Oh! Did I forget about golf? Great courses both county and private clubs abound.
Search for all Cedar Pointe Condos for Sale
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Cedar Pointe Village 6 End Unit Under Contract
Hobe Sound Four Bedroom Home – Great New Price
05.05.16 by
Hobe Sound Four Bedroom Home – Great New Price
A wonderful opportunity for the family or individuals looking for an affordable four bedroom home in Hobe Sound. This home is an excellent value at the new price of $238,000!
Older but solid CBS home in a well established Hobe Sound neighborhood. 3 bedroom, 2 bath home plus garage which has been converted into 4th bedroom. The 4th bedroom could possibly be a mother-in-law suite with separate entrance. Enter home into a large foyer area that opens to a spacious living room with a wood burning fireplace. Plenty of room in the kitchen for several cooks which is open to a formal dining area. Large fenced back yard with shed. Great family home with lots of room. Updated windows, hurricane shutters and a full home automatic backup generator come with this home. Very well located close to shopping, beaches as well as Jupiter and Stuart FL.
Search here for all Hobe Sound real estate
Call the Gabe Sanders BlueWater Realty Team for professional and expert real estate assistance and advice for all your residential real estate needs on Florida’s Treasure Coast.
Hidden River in Palm City FL – May 2016 Market Report
05.04.16 by
Hidden River in Palm City FL – May 2016 Market Report
Only one currently active listing in Hidden River in Palm City in late May. This home is listed for $799,000 which equates to $319.60 per sq. ft. of living area.
There are no homes under contract at this time in the Hidden River community
In the past 12 months 1 homes has sold in Hidden River. The sales price was $375,000 or $131.39 per sq. ft. of living area. This sale was at 90% of the list price and went under contract after 118 days of being on the market.
About Hidden River in Palm City FL
This is a waterfront community in Palm City FL located on either Bessey Creek or Hidden River with ocean access through the North Fork of the Saint Lucie River. Most homes in this community have excellent water depth and homes can handle some fairly good sized boats.
This is a non-deed restricted community with no HOA fees. The earliest homes were built beginning in 1970 and the last one was completed in 2015. Homes range from modest 2 bedroom, 2 bathroom cottages with just under 1,400 sq. ft. of living area on about a quarter of an acre up to 4 bedroom, 3 bathroom homes with close to 4,000 square ft of living area on one half acre lots.
Very private location, yet only minutes to Florida’s Turnpike as well as numerous shopping and restaurant choices in Palm City.
Children attend Bessey Creek Elementary, Hidden Oaks Middle and Martin County High Schools.
Search here for any Hidden River homes for sale
Spring Market Curb Appeal Boosters
05.03.16 by
Spring Market Curb Appeal Boosters
Many focus solely on the inside of their homes and forget about curb appeal – you know, the way a home looks from the curb? While it may be challenging for sellers to understand the idea of investing in a home they are leaving, the goal is to sell and get top dollar.
While your client may not be prepared to invest in some of these items, at the very least, be sure the landscaping has been tended to and the siding is clean and intact.
So let’s take a look at the 4 places money can best be spent outside:
Landscaping and Lighting
Spice up the exterior of the home with a freshly manicured lawn, new shrubbery, colorful flowers and top it off with lighting. New shrubs and a crisp lawn won’t show well in the dark so install some outdoor lighting and call attention to the great new place that just happens to be ready to buy.
Don’t forget to shine a light on the house numbers – buyers can’t take note of the address if it can’t been seen.
Siding and Paint
Make sure the siding or paint is clean and not cracking or peeling. At the very least you want the outside of the home to be clean. If your clients aren’t in a position to replace or repaint the exterior of the home you can always use a power washer to spruce up siding or a hose to clean up exterior paint.
New Doors and Windows
If a home is dated, new windows and doors can give the home a cleaner, newer look – in the end more appealing to your potential buyers. If the sellers are on a budget then you might want to consider a new coat of paint; a fresh new look will breathe life back into weathered windows and doors.
Your Roof
A damaged roof is cause for concern and is best addressed immediately. Replacing a roof will be something that will appeal to buyers as it’s a big ticket item they would rather not deal with in just a few short years. Also, with a new roof comes a new asking price – that’s right this will increase the value of the home.
At the end of the day you’ll want potential buyers to want to walk into the home and the only way to do this is to draw them in with an attractive exterior.
Reprinted with permission from Partner Xchange
Coral Lakes – May 2016 Market Report
05.03.16 by
Coral Lakes – May 2016 Market Report
For may 2016 there is only one home available for sale in Coral Lakes in Stuart FL. This home is listed for $484,000 which is equal to $170.06 and as of May 1 has been on the market for 106 days.
There are no homes currently under contract in Coral Lakes.
In the past year, 7 homes have sold in Coral Lakes. Sales prices ranged from $255,000 up to $530,000 for an average sales price of $334,500 or $138.11 per sq. ft. of living area. These homes went under contract in an average of 88 days after being listed and sold for an average of 95% of the last list price.
About Coral Lakes:
The gated Stuart FL community of Coral Lakes is off Willoughby Blvd between Pomeroy Street and Salerno Road. Communities like this are no longer being developed in most centrally located areas as all of the lots are a minimum of a ½ acre and a number are over an acre.
There are just under 100 home sites in Coral Lakes with the first homes built in 1980 and the most recently completed one was in 2005. Homes come in all sizes and shapes with different builders and range from just over 1,600 sq. ft. 2 bedrooms and 2 bathrooms homes up to over 4,500 sq. ft. homes with 5 bedrooms and 4 bathrooms and multi-car garages.
Other than a storage lot for boats, RV’s and trailers there are no additional amenities in Coral Lakes and the low HOA fee of $450 per year covers maintenance of the common areas, gates and management. Many homes have private pools in these spacious single family home sites as well as other much desired amenities.
The location makes it easy for residents of Coral Lakes to commute via I-95 to parts north or south of Martin County and yet still be close to shopping, restaurants, medical facilities, beaches and waterways , and the other great attractions that make Stuart FL so popular among families.
Currently, children attend the Pinewood Elementary, Dr. David L. Andersen Middle and Martin County High Schools.
Check here to see which Coral Lakes homes are available for sale.
Mortgage Rates Inching Up
05.02.16 by
Mortgage Rates Inching Up
Mortgage interest rates jumped 7 basis points this week to 3.66% on average for a 30-year fixed-rate mortgage, according to Freddie Mac. Last week, the 30-year fixed averaged 3.59%.
The Federal Reserve decided during its two-day policy-making committee meeting to maintain the federal funds rate at 1/4 to 1/2 percent citing slower economic activity. Incomes have risen yet household spending has slowed.
Many of the experts, 46%, polled by Bankrate’s Rate Trend Index expect rates to fall in the next two weeks.
Rates are still historically low, yet home prices are soaring.
“Demand is starting to weaken in some areas, particularly in the West, where the median home price has risen an astonishing 38% in the past three years,” said Lawrence Yun, chief economist at the National Association of Realtors.
Nationally, the median price of an existing home was $222,700 in March, up nearly 6% from last March.
Buyers should lock in their rates if they don’t want to risk further increases.
Rates for a 15-year fixed-rate mortgage rose to 2.89% this week from 2.85% last week. A year ago this time, it averaged 2.94%, according to Freddie Mac.
Likewise, the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.86% this week, up from 2.81% last week, and 2.85% a year ago this time.
Reprinted with permission from Partner Xchange
Central Stuart Pool Home – New Price
05.02.16 by
Central Stuart Pool Home – New Price
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Central Stuart Pool Home – New Price
Gabe’s May 2016 HouseCalls Newsletter
05.01.16 by
Gabe’s May 2016 HouseCalls Newsletter
Click on the image below to view or download our May 2016 HouseCalls Newsletter:
Click here to download the full PDF of our May 2016 HouseCalls Newsletter
You can see all the past issues here:
Gabe’s May 2016 HouseCalls Newsletter
March 2016 Monthly Market Detail St Lucie County Townhouses and Condos
04.30.16 by
March 2016 Monthly Market Detail St Lucie County Townhouses and Condos
The March 2016 Monthly Market Detail St Lucie County Townhouses and Condos shows reduced activity from March of last year. Closed sales were down 23.1% from last year (was down 22.3% in February) while new sales under contract (new pending sales) decreased by 7.5% (was down by 24.1% in February).
The median sales price increased by 9.2% (was down by 10.4% in February) while the average sales price was down by 2.8% (decreased 7.2% in February). This is the first month in 2016 with some increase in prices for this segment of the St Lucie County real estate market.
The inventory of available townhouses and condos decreased by 12 units from last month to 655 units, which is 3.1% greater than March 2015. The current supply of inventory remained unchanged from last month at 6.6 months, which is 6.5% greater than last year. The St Lucie County townhouses and condos market remains in basically a balanced market and leaning towards going into a buyers 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:
March 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.
March 2016 Monthly Market Detail St Lucie County Townhouses and Condos
Historic Stuart Home – Open House – Sunday May 1
04.30.16 by
Historic Stuart Home – Open House – Sunday May 1
Join us Sunday May 1 from 1 PM to 3 PM at 221 SE Martin Ave. in Stuart FL for an open house. This spacious home with so much to offer is available for $590,000.
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!
March 2016 Monthly Market Detail St Lucie County Single Family Homes
04.29.16 by
March 2016 Monthly Market Detail St Lucie County Single Family Homes
March 2016 Monthly Market Detail St Lucie County Single Family Homes improved its March volume as compared to February but still weaker than last year. Closed sales were up by 0.2% (in February they were down by 9.2%) and new sales under contract (new pending sales) decreased by 4.7% (they were down by 3.9% last month).
However, prices continue to increase quite dramatically. Both the median and average sales prices up by 19.4% and 16.2% respectively from last March (For February these numbers were 17.2% and 14.6%).
Active listings fell by 18 to 1,822 homes. This inventory is 14.5% greater than last year. The current supply of homes is at 4.1 months (a 20.6% increase from last year). The St Lucie County single family home market remains in a strong sellers market, though not quite as superheated as last year.
Click here to view or download the full report:
March 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.
March 2016 Monthly Market Detail St Lucie County Single Family Homes
The Top 5 Reasons Every Buyer & Seller Should Hire a Realtor
04.29.16 by
The number of homeowners attempting to sell by owner has dropped to record low levels. Now more than ever, it seems, homeowners and buyers alike recognize the importance of using a real estate professional. In fact, 87% of buyers last year used a Realtor, according to the National Association of Realtors. Most glaring, only 8% of homeowners were FSBO sales in 2015.
There are many reasons to use a Realtor, but here are The Top 5 Reasons Every Buyer & Seller Should Hire a Realtor:
1. Agents Know What Buyers Want: An experienced real estate agent can see what potential buyers will see – and perhaps details you have overlooked. Agents are in tune with buyer needs, fears, nonnegotiables, and preferences. Setting the stage for prospective purchasers is an extremely important part of the marketing process, and a good agent will provide you with tips, checklists, and feedback from a would-be buyers perspective.
2. Agents are Real Estate Marketing Experts. A real estate professional will provide you with a written marketing plan that outlines all the activities required to get your house sold at the highest possible price, in the least amount of time. Real estate marketing is not about a yard sign, property flyers in an info box, or open houses. Real estate marketing is all about listing syndication, exposing your home to the greatest audience of buyers and their agents, and providing financing insight specific to your property. Most important of all, a real estate professional will set the right list price from the start. They know that if you don’t price it right on day one, your chances of selling, and recouping your equity, will diminish with each passing day.
3. Agents Know How To Handle the Multiple Sell. Not only do they have to sell your home to a potential buyer, real estate professionals have to sell your home to the other agents in the area, and to the lender via the appraisal process. An agent will guide you as to how to best position your property and your pricing to ensure the best odds of satisfying the often conflicting pricing opinions of all three.
4. Agents are Skilled Negotiators. A professional will be the calming influence you need in the midst of stressful negotiations. They’re also the objective third-party “buffer” in the process. Experience has taught them that there are many creative ways to bring contract negotiations to a successful close.
5. Agents Keep the Transaction Together. There are many moving parts before the closing. Inspections, financing contingencies, and title searches are such some of the steps that can derail a transaction. A knowledgeable and experienced agent will take on these contingencies, renegotiate the details, and keep the transaction moving forward to a successful close.
If you’re looking for a top agent on Florida’s Treasure Coast give the Gabe Sanders BlueWater Realty Team a call.
Reprinted with permission from Partner Xchange
March 2016 Monthly Market Detail Martin County Townhouses and Condos
04.28.16 by
March 2016 Monthly Market Detail Martin County Townhouses and Condos
March 2016 Monthly Market Detail Martin County Townhouses and Condos showed reduced sales volume primarily because of lower inventory and a continued rise in values. Closed sales were down by 11.2% (was down by 2.0% in February) and new sales under contract (new pending sales) were down by 5.9% from March 2014 (decreased by 7.5% in February). Though this is still a very active real estate market.
The median sales price was up by 26.6% (was up by 2.1% in February) while the average sales price increased by 40.3% (was up by 13.3% in February) as compared to March of 2015. Very strong price gains that are impacting some folks ability to afford condos and townhouses in Martin Count.
The inventory of available townhouses and condos dropped by 13 units to 398 properties as compared to last month. The second monthlyt drop after three straight months of increased inventory. This is 7.0% below the March 2015 inventory. Currently, there’s a 4 month supply of inventory (a 2.4% decrease from last year). Still in a strong sellers market for townhouses and condos for Martin County.
Click here to view or download the full report:
March 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.
March 2016 Monthly Market Detail Martin County Townhouses and Condos
The Estuary – April 2016 Market Report
04.28.16 by
The Estuary – April 2016 Market Report
The Estuary of Stuart FL contains both homes and condos. Here is the April 2016 market report for this gated community:
Homes
There are currently no homes for sale in the Estuary.
One home is under contract. The list price was $599,900 which is also $321.66 per sq. ft. of living area. This home went under contract one day after it was listed.
In the past 12 months, 6 homes have sold in the Estuary. Sales prices ranged from $150,900 up to $605,000 for an average sales price of $294,316 or $142.60 per sq. ft. of living area. These homes sold for an average of 92% of list price and went under contract in an average of 66 days.
Condos
There are three condos currently available in the Estuary. List prices range from $139,900 to $155,000 for an average list price of $146,633 which is $126.77 per sq. ft. of living area.
There are four condos under contract which have not sold as of the time this is being written. List prices ranged from $129,900 to $159,900 for an average of $147,197 which equals $127.34 per sq. ft. of living area. These condos went under contract in an average of 56 days.
In the past 12 months, 4 condos have sold in the Estuary. Sales prices were from $98,000 to $169,750 for an average sales price of $129,437 which works out to $112.39 per sq. ft. of living area. These four condos averaged 102 days on market and sold for an average of 100% of the last list price.
About the Estuary
The Estuary of Stuart Florida, located in North Stuart, Florida and often mistaken for being a part of Jensen Beach Florida is a gated community with a variety of homes ranging from condos, to 1980’s vintage homes, to newer villas as well as waterfront homes with deep water docks.
The Estuary of Stuart Florida is very conveniently located on the banks of the North Fork of the Saint Lucie River, just minutes from the Treasure Coast Mall and the shopping and dining areas of the US-1 corridor in Jensen Beach.
Different sections of the Estuary include well appointed 2 and 3 bedroom condos with pool and lake views. A select number of condos have mile wide river views of the Saint Lucie River. An inland section of varying styles, sizes and shapes of homes built from the early 1980’s and also called River Shores Plantation. In 2002, a section of the Estuary was added with villas and smaller single family homes on Tillia Trail with their own community pool. Larger single family homes were also added at this time along Estuary Court, Plumbago Trail and the western section of NW 21’st Terrace. This section also boasts a community dock suitable for good sized vessels with ocean access just a few minutes away at the Saint Lucie Inlet. Homes on Plumbago Trail also enjoy spectacular wide water views. The Estuary is truly a wonderful place to call home.
Search here for the Estuary of Stuart Homes
Search The Estuary Condos For Sale
The Estuary – April 2016 Market Report
March 2016 Monthly Market Detail Martin County Single Family Homes
04.27.16 by
March 2016 Monthly Market Detail Martin County Single Family Homes
The March 2016 Monthly Market Detail Martin County Single Family Homes continues as a sellers market though sales volume is not growing as robustly as last year but improved from February. Year to year closed sales were up by 3.4% (was down 11.8% in February). New pending sales decreased by 0.8% as compared to March of 2015 (Decreased by 3.3% in February).
And prices continue to rise as the median sales price was up by 17.1% from last year (up by 8.9% in February) while the average price increased by 15.3% (was down by 5.1% last month). As long as the inventory remains tight, prices will continue to rise.
The inventory of available single family homes increased slightly from last month by 19 homes to 1100 units for this month, this is 1.0% less than last March. Current supply of homes is 5.3 months, for March of last year it was a 5.6 months supply. (This is a 5.4% decrease from last year). Still a sellers market for Martin County single family home sales.
Click here to view or download the full report:
March 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.
March 2016 Monthly Market Detail Martin County Single Family Homes
Creekside in Palm City – April 2016 Market Report
04.27.16 by
Creekside in Palm City – April 2016 Market Report
There are currently no homes listed for sale in the Creekside community of Palm City.
There are also no homes under contract at this time.
In the past 12 months, 2 homes have sold in Creekside. The sales prices were $348,000 and $375,000 for an average sales price of $366,000 which equates to $125.84 per sq. ft. of living area. These two homes averaged 148 days on market befor going under contract and sold for 98% of the last list price.
About Creekside in Palm City
A small gated community in Palm City FL with only 18 homes. This is a Kolter built community that was constructed from 2013 to 2014.
Homes in Creekside are all 4 Bedrooms or greater with 3 or more bathrooms and most are 2 stories with 2 car garages. Sizes of the homes range from just over 2,000 sq. ft. of living area up to over 3,000. Some of the homes have private pools. There are no community amenities in Creekside which helps keep the HOA fees a very reasonable $120 per month.
Creekside is off of Sunset Trail in Palm City which makes it a quiet and private secluded location, yet still just minutes away from excellent shopping, restaurants as well as access to the numerous water ways, beaches and golf courses the Martin County and the Treasure Coast of Florida have to offer.
A very desirable community for children as this is an ‘A’ rated school district currently zoned for the Palm City Elementary School, Hidden Oaks Middle School and Martin County High School.
Here are the currently available homes for sale in Creekside
Creekside in Palm City – April 2016 Market Report
March 2016 Monthly Market Detail Florida Townhouses and Condos
04.26.16 by
March 2016 Monthly Market Detail Florida Townhouses and Condos
The March 2016 Monthly Market Detail Florida Townhouses and Condos is now in a balanced market and not the super heated activity as we have experienced for the past two years. Closed sales were down by 7.1% as compared to last months decrease of 5.4% and new sales under contract (new pending sales) decreased by 10.1% (In February there was a 10.5% decrease). While on the single family side of the Florida real estate market this decrease in volume can be attributed to inventory, for condos and townhouses it appears to be strictly price related as the inventory has been gaining in the past few months.
The median sales price continued to rise, by 3.3% (up by 5.6% in February), while the average sales price decreased by 3.9% (was down 1.4% in February). It appears that prices may not continue to rise very rapidly for this segment of the Florida real estate market.
The inventory increased by 6.7% from March of last year. For March 2016 we have 6.3 months of inventory (was also 6.3 months in February) and compared to 6.0 for March 2015. First time in two years that we are seeing an increase in inventory as well as being out of a sellers market.
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:
March 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.