Danforth in Palm City August 2015 Market Report

Danforth in Palm City August 2015 Market Report

As of August, 2015:

There is currently only 1 active listings for sale in Danforth.  This home is on the market for $399,900 which equals $139.73 per sq. ft. of living area.

6 homes are currently under contract.  The list prices of these pending sales range from $348,900 to  $439,900 with the average being $385,950 which equates to an average price per sq. ft. of living area of $170.21.

In the past 12 months 19 homes have sold in Danforth.  The sales prices ranged from $242,000 to $395,000.  The average sales price was $332,505 or $135.64 per sq. ft. of living area.  These sold listings averaged 52 days on the market before going under contract and sold at 95% of the list price.

Danforth in Palm City Florida is wonderful family subdivision with 335 homes of all sizes and shapes with a wonderful family friendly neighborhood feel.  Well located in palm City off SW Martin Highway and within walking distance of both the Palm City Elementary and Hidden Oaks Middle Schools.  Both of these schools are top rated in the Martin County school system as well as in the State of Florida.

Many homes are lakefront with beautiful views and a wonderful private feeling, yet this community is within a mile of the new Publix and also close to restaurants and medical facilities.  Easy access to downtown Stuart as well via the new Veteran’s Memorial Bridge from Palm City to Stuart.  Also just a couple of minutes to Florida’s Turnpike for those wishing to either commute or to make a short trip to West Palm Beach or other points just North or South.


Danforth features low HOA fees of $328.00 per quarter (as of July 2015).  Construction in Danforth was first completed in 1990 with most homes dated from then to the late 1990’s and at least one home completed in 2001.  This planned unit development (PUD) was developed by Danforth Development Inc. and various builders took part in the construction of the homes.  Here is the Danforth Home Owners Association web site.  Danforth just added an remote code controlled entry gate system in 2014.

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Palm City Florida Real Estate

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

Danforth in Palm City August 2015 Market Report

The Yacht and Country Club of Stuart August 2015 Market Report

The Yacht and Country Club of Stuart August 2015 Market Report

August 2015 Market Update:

There are 7 homes currently for sale in the Yacht and Country Club of Stuart.  Listing prices are from $215,900 to $499,000 for an average list price of $380,271 which works out to $154.30 per sq. ft. of living area.

There are currently 4 homes under contract ranging in list price from $269,000 to $570,000.  The average list price of these pending sales is $372,225 or $157.81 per sq. ft. of living area.

36 homes have sold in the past 12 months.  Ranging in sales price from $184,000 to $740,000.  The average sales price was $350,565 which comes out to $138.43 per sq. ft. of living area.  These homes sold on average in 84 days with sales prices at 94% of list price.

 
The Yacht and Country Club of Stuart, Florida Golf Course

One of the first gated golf communities in Martin County, the , Florida remains among the preeminent communities on Florida’s Treasure Coast for both the golf and yachting enthusiast.  This fine gate guarded community boasts water front homes that are only minutes from the Saint Lucie inlet and the Atlantic Ocean.  Easy access for day trips to the Bahamas and back and a true fisherman’s paradise.

The Yacht and Country Club of Stuart, Florida Clubhouse

The ‘Stuart’ golf course at the Yacht  & Country Club of Stuart, Florida features a professional 18 hole course with 6,466 yards of golf from the longest tees for a par of 71 . The course rating is 71.2 and it has a slope rating of 125 on Bermuda grass. Driving range and putting greens are also provided at this club.

The Yacht and Country Club of Stuart, Florida Canal

The clubhouse at the Yacht and Country Club of Stuart offers a professionally appointed fitness center with a a resident massage therapist.  Tennis is provided by ix lighted Har-tru tennis courts and also residents are provided with two lighted croquet lawns.

The Yacht and Country Club of Stuart, Florida Homes

There is a heated swimming pool open daily and water aerobics is offered on a weekly basis. The Yacht and Country Club of Stuart has a formal Dining Room that has earned itself a reputation as one of Stuart’s finest dining establishments. Also offered is the “Grill Room” for those who would like to enjoy a more casual dining experience.

The Yacht and Country Club of Stuart, Florida Homes

Truly a wonderful place to call home.

Search here for available homes in the Yacht and Country Club of Stuart, Florida
Yacht and Country Club of Stuart, Florida - Homes for Sale

The Yacht and Country Club of Stuart August 2015 Market Report

Island Village Townhouse Hutchinson Island Sold

Island Village Townhouse Hutchinson Island Sold

Island Village on Hutchinson Island

Just sold by the Gabe Sanders BlueWater realty team for $145,000 (or for 98% of the listing price) this townhouse on Hutchinson Island in the Island Village community of Jensen Beach is no longer on the market.

Island Village townhouse on Hutchinson Island Island Village on Hutchinson Island

Beautiful townhouse on Hutchinson Island with deeded beach access. Kitchen renovated in 2009, new Amana fridge 2014 with bottom freezer, Corian counter tops, pantry, breakfast bar, tile downstairs, wooded stairs, wood floors on 2nd floor, recently painted, new bi-fold doors, with a rear view of a preserve. New 2 ton a/c unit 2013 and storm shutters. Seller has paid the sewer assessment in full. Furniture is negotiable. Complex is nicely landscaped in tropical foliage, community pool, tennis courts and small club house with a lending library. All this with your own deeded beach access right across the street. Wow, all this on the beach for under $150,000.

 Island Village on Hutchinson Island Island Village on Hutchinson Island

For additional pictures and information click here.

Island Village townhouse on Hutchinson Island Island Village townhouse on Hutchinson Island

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Island Village Townhouse Hutchinson Island Sold

VilaBella Town-Home Condos in Stuart FL August 2015 Update

VilaBella Town-Home Condos in Stuart FL August 2015 Update
 
In August of 2015 there are no available townhomes for sale in VilaBella.
There are also no pending sales currently.
In the past 12 months, 9 homes have sold with sales prices ranging from $109,900 to $156,000 with an average sales price of $136,975 which equals $98.80 per sq. ft. of living area.  These sales averaged 28 days on market and sold at 96% of list price.
VilaBella Central Parkway Condos in Stuart, Florida

Entrance to VilaBella Town-Home Condos


These new condominiums located in Stuart are just minutes from it all! Located on Central Parkway connecting the two main roads of Kanner Highway and US-1, VilaBella allows residents easy access to all Stuart has to offer but also keeps residents in a peaceful secluded haven. Modern and pet friendly condominiums feature stainless steel appliances with granite counter tops in the kitchen and in the bathrooms. All units have one car garages and terraces with beautiful views of this well landscaped gated community. Hurricane shutters are included with all units. Residents can enjoy a spacious club house with picnic areas and a community swimming pool. VilaBella is close to great schools, downtown Stuart and the gorgeous Stuart beaches!

VilaBella Town Home Condos in Stuart, Florida

VilaBella Town Home Condos

VilaBella Town Home Condos in Stuart, Florida

Community Pool in VilaBella Town Home Condos


Search Here for VilaBella Town Home Condos for Sale

VilaBella Town-Home Condos in Stuart FL August 2015 Update

 

Stuart Florida Real Estate presented by
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Another Emerald Lakes Home Sold

Another Emerald Lakes Home Sold

Emerald Lakes real estate in Stuart FL

We found the perfect buyer for this single family home in Emerald Lakes in Stuart, FL  4357 SE Scotland Cay Way sold for $200,000.   We negotiated a number of repair concessions from the sellers that they didn’t want to do.  It was our knowledge of contracts and our negotiating skills that made this happen.

Emerald Lakes real estate in Stuart FL Emerald Lakes real estate in Stuart FL

This is a one owner 3 bedroom 2 full bath 2 car garage single family home located in south Stuart.  This well maintained home has found it’s new owner.  Low HOA fees include landscaping. An ideal winter getaway with minimal maintenance required or the perfect full time home to enjoy your carefree Florida lifestyle. All ages are welcome and this is a pet friendly community.

Emerald Lakes Town Homes and Villas in Stuart FL

The community of Emerald Lakes lies n the Port Salerno area of Stuart, Florida and consists of 400 2 and 3 bedroom town homes and 130 single family villas.  The town homes and villas are governed by two separate home owners association yet share many of the same amenities.

Emerald Lakes Town Homes and Villas in Stuart FLEmerald Lakes Town Homes and Villas in Stuart FL

Spread out over 100 acres of beautiful Florida landscape, with 3 ‘Emerald Lakes’, miles of walking paths, 7 tennis courts, 3 heated pools and two club houses.  Very conveniently located within walking distance of a Publix Grocery store, Beall’s, Walgreen’s, Banks, Gold’s Gym, etc.

Emerald Lakes Town Homes and Villas in Stuart FL Emerald Lakes Town Homes and Villas in Stuart FL

Just a few miles away are numerous Golf Courses, Martin County’s famous waterways, marinas  and beaches  and also within minutes of I-95 for easy access to locations both north and south.  Fort Lauderdale is only a little over an hour to the south and Disney World is just over 2 hours to the north.  A perfect location!

Emerald Lakes Town Homes and Villas in Stuart FL

Residents of Emerald lakes enjoy the good life with low HOA fees and an excellent management staff for both Home Owners’ Associations.

Search here for all Homes and Town Homes in Emerald Lakes

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 Another Emerald Lakes Home Sold


Highlands Reserve August 2015 Market Update

Highlands Reserve August 2015 Market Update

There are currently 18 homes actively listed in Highlands Reserve for August of 2015 in Palm City, Florida.  Prices range from $359,990 to $869,990.  The average list price is $550,060 which equals $161.22 per square foot of living area.

There are 10 homes under contract awaiting closing.  List prices ranged from $354,990 to $719,990.  The average list price is $504,426 at $137.98 per square foot of living area.  None of these homes are short sales or foreclosures.

In the past 12 months, 35 homes have sold in Highlands Reserve with an average sales price of $427,627at $139.44 per square foot of living area.  Actual sales prices ranged from $275,000 to $760,000.  These sales averaged 271 days on market and sold at 97% of listed price.Highlands Reserve real estate in Palm City FL

 Highlands Reserve is one of the newest upscale communities in this section of Martin County. Enter the magnificent gates and surround yourself with the well appointed amenities of the clubhouse and natural beauty of this community. Included are paths into winding nature trails will offer dramatic views of surrounding natural preserves and serene lakes.

Highlands Reserve real estate in Palm City FL Highlands Reserve real estate in Palm City FL

Located only seconds from I-95 and within minutes of shopping, beaches and the laid back easy lifestyle of Martin County. Perfect for the family with an ‘A’ rated school system. Only 30 minutes to West Palm Beach and 2 hours to Orlando.

Highlands Reserve real estate in Palm City FL Highlands Reserve real estate in Palm City FL

Low HOA fees of $315.00 per month include landscaping and irrigation as well as the security gate, use of the full service clubhouse with large pool and state of the art fitness center.  Lounge and kitchen for private parties and occasions.

Highlands Reserve real estate in Palm City FL

Highlands Reserve is a D. R. Horton community and new construction homes are still available.  There are usually some excellent offers available through Realtors.  Call us today for our new construction special rebate program.

Highlands Reserve real estate in Palm City FL

Give us a call for the full line of exceptional new homes available in Highland Reserve in Palm City, FL.

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Stuart Florida Real Estate

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

Highlands Reserve August 2015 Market Update

What a Deal! Island Homes for Sale at Drop-Dead Discounts!

What a Deal! Island Homes for Sale at Drop-Dead Discounts!

 Hutchinson Island real estate

The good news is, yes, you read that headline correctly: there are drop-dead gorgeous oceanfront island vacation homes on sale for you right now—this summer! The bad news, however, (depending on your vacation and travel plans) is that these homes for sale aren’t as convenient (geographically speaking) as some others.

They are in Greece. There’s always a catch, isn’t there?

CNNmoney’s website reported last week that the recent escalation in Greece’s financial trouble has produced a notable increase of interest from foreign investors. Reports indicate that prices are discounted anywhere from 30% in the most popular islands to as much as 50% in less relaxing places. Like Athens.

Alexandros Moulas, who is an Athens-based associate at the global property firm Savills, says that buyers are mostly from Europe, but also the Middle East and Asia. So why not add our Hutchinson Island buyers to the pack? We like vacation homes, too!

There are reasons why Hutchinson island locals might consider a Greek investment property, aside from the travel benefits. A Greek island home, for example, can be a nice earner. Rental incomes are attractive—but it’s wise to keep in mind that islands like Mykonos are incredibly seasonal, grinding to a complete halt each winter.

The truth is, I can’t actually sell a single one of these stunning, bargain-priced Greek island homes to you. As a licensed real estate agent here in Stuart, I am an expert in Hutchinson Island homes for sale, and – while a trip to Mykonos sounds fantastic, the homes for sale in Martin County need me here this summer.

So while there might not be any oceanfront homes for sale in in these parts at a 30% – 50% discount, there are a great many welcoming Hutchinson Island properties for sale this summer—and interest rates are still, for the moment at least, temptingly low. Call me any time this season to discuss your search!

Hutchinson Island Bargain Hunters: Island Homes for Sale—Really on Sale!

Palm City Mortgage Rates Projected to Rise Sooner Rather than Later

Palm City Mortgage Rates Projected to Rise Sooner Rather than Later

 Palm City FL real estate

Now that we are almost into August, with summer in full swing, there might be vague thoughts running through your mind about some potential real estate moves—but certainly not until the fall. Right now all most of us are thinking about is whether another chilled glass of summer-something-or-other is in order. Florida mortgage rates and what the folks in Washington might be doing to affect them are not exactly what occupies an idyllic July afternoon.

But if you’ve been paying attention to any newscasts long enough to reach the dull-as-dishwater economic stories they throw in toward the end of the broadcasts, you may also have an inkling that conditions are about to change. And the evidence does suggest that mortgage rates in our area face a likely increase come fall. If your vague suspicion does come to pass, and if you’re among those considering buying or selling a home in Palm City this year, now should be the time to stop “thinking” and start “doing”.

Exhibit A for that proposition comes from one Michael C. Fratantoni, who happens to be the Chief Economist of the Mortgage Bankers Association (MBA). When he recently spoke at the National Association of REALTORS® office in Washington, he made no bones about it: mortgage rates will continue upwards, with a first significant Fed hike likely in September. September! The 30-year fixed mortgage, which we all know has lingered at historic lows—below 4%—for several years, is likely to hit 4.4% by the end of 2015 , then move beyond 5% next year.

It’s enough to stifle any thoughts about that frosty beverage.

The good news for Palm City homeowners planning to list is that Fratantoni doesn’t believe any of these factors will keep the nations’ buyers away. After a pretty lackluster 2014 performance, the MBA forecasts a 14% year-over-year increase in purchase-money mortgage originations in 2015—and nearly 9% in 2016.   Nationwide, incomes are also expected to rise, and with new household formations on the rise, the national real estate market looks to remain in fairly good balance.

While it seems there’s no instantaneous need to drop all your summertime activities to rush your home onto the market, with mortgage rates in Palm City expected to rise sooner rather than later, it’s certainly worth making it a priority to give me a call this week. After that, there will definitely be ample time to finish enjoying that delightful chilled summer beverage.

 Higher Mortgage Rates in Palm City? Projections Tend to Agree

 

 

Strategic Planning Should be Part of Hobe Sound Home Remodeling

Strategic Planning Should be Part of Hobe Sound Home Remodeling

 Hobe Sound real estate in Martin County FL

The number of households belonging to older adults is on the rise across the nation, and (let’s face it) the homes themselves aren’t getting any younger. So states the Harvard University’s Joint Center for Housing Studies’ Housing Perspectives (JCHS), which recently published the projection that, if true, makes it likely that Martin County home remodeling activity will spike in the coming years.

Abbe Will, research analyst for JCHS drew this conclusion:

“Since much of the housing stock is currently ill-equipped with even basic accessibility features, older homeowners aging in place will need to invest in retrofitting their homes in order to age comfortably and safely.” In other words, even for homes which remain in their owners’ hands, home remodeling activity could grow markedly.

Home remodeling is no minor industry. Home improvement expenditures by older homeowners already topped $90 billion in 2013—making it a significant economic contributor. Now the JCHS projects that it could surge by an extra $17 billion annually over the next three years. Welcome news indeed for the construction and design industries, who had been in the doldrums until recently.

But what does this mean for Hobe Sound homeowners who plan to sell in the near future? When considering a remodel, if you want your home to attract potential older buyers, consider the innovations modern designs have made for individuals in that demographic group. That will be the competition.

JCHS’s analysis notes, “… not even a third of (existing) homes have what could be considered basic accessibility features, such as a no-step entry and bedroom and full bathroom on the entry level.” Both young and old can appreciate other features, as well. Wider hallways in a kitchen remodel is one example. Another is bathrooms showers with ‘edgeless’ design, which holds appeal both to Millennial buyers (for the sleek, modern look) and to seniors with limited movement. A bedroom on the main level that can readily be converted to a master if needed can be attractive to older homeowners—and also to anyone looking for a guest or au-pair suite. Investing wisely by thinking long-term when it comes to home remodeling plans is part of strategic home ownership. If you are considering selling your Hobe Sound home at some point, it doesn’t hurt to inform yourself about forward-looking trends.

Wondering what today’s buyers are looking for? I’m here to help with all your Martin County real estate-related concerns: call me anytime this summer!

Hobe Sound Homeowners Should Expect Home Remodeling Increase

June 2015 Monthly Market Detail St Lucie County Townhouses and Condos

June 2015 Monthly Market Detail St Lucie County Townhouses and Condos

The June 2015 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors rebounded a bit from a quite difficult May.  Closed sales were unchanged from last year (was down by 30.6% in May) while new sales under contract (new pending sales) decreased by 5.3% (was down by 25.8% in May).

The median sales price increased by 17.5% (down 11.% in May) and the average sales price increased by 20.3% (was up by 16.5% in May).  Continuing the trend of price increases in the Saint Lucie County real estate market..

The inventory of available townhouses and condos decreased by 18 units from last month to 578 properties, which is also down from last June by 23.5%. Current supply of inventory decreased to 5.5 months, from May’s 5.7 months. This is 22.7% lower than last year. The St Lucie County townhouse and condo market continues as a sellers’ market, typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.  Unfortunately, there’s not enough inventory to sustain a growing volume of sales.

June 2015 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
June 2015 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.

June 2015 Monthly Market Detail St Lucie County Townhouses and Condos

Another River Pines Town Home Stuart FL Under Contract

Another River Pines Town Home Stuart FL Under Contract

River Pines real estate in Stuart FL

5914 SE Riverboat Drive in River Pines in Stuart, FL has gone under contract through the efforts of the Gabe Sanders BlueWater realty team.  This updated town home was listed for $134,900 and we will report on the sale price once the sale has been completed.

River Pines real estate in Stuart FL

New! New! New! New kitchen with real wood cabinets! New solid slab custom granite counter tops! New stainless steel quality Whirlpool appliances! New wood laminate flooring in bedrooms and living room + new stone style tile in kitchen & baths! New custom wood baseboards! New vanities and counter tops in bathrooms! New electric outlets throughout entire home! New water heater & water lines! New fans!

River Pines real estate in Stuart FL River Pines real estate in Stuart FL

Large fenced courtyard with shed in the waterfront community of River Pines located adjacent to the Intracoastal Waterway and the Saint Lucie Inlet. Easy access to the community pool, tennis and racquetball courts, kayak launch as well as all the amenities of the manatee pocket such as great restaurants and marinas. Golf, tennis and social memberships also available for the Miles Grant country club across the street. Enjoy this true “hideaway” in the quaint fishing village known as Port Salerno.

Located just off the Intracoastal Waterway off of Cove Road in Stuart is the River Pines community. 396 private residences in quad style town-homes.   This community was built in 1981 and 1982 and all homes are 1288 sq. ft. of living area with 2 bedrooms and 2 and ½ baths. There are large private courtyards for each home, some of which the residents have enclosed for added living area.

Only a short walk or bike ride to the Saint Lucie River with access for kayak launch. Boat ramps also nearby. All ages are welcome and 2 small pets are permitted. Each home has 2 reserved parking spots with additional guest parking. Amenities include 2 Community pools, tennis courts and racquetball/handball courts. There’s also a private preserve adjacent to the Intracoastal available exclusively for residents use.

A very well run community with excellent financials. Residents have the option of joining the Miles Grant golf club (just across the street).

As of July, 2015 HOA fees were $160 per month.

River Pines in Stuart FL

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Another River Pines Town Home Stuart FL Under Contract

To Buy or Not to Buy: First Time Stuart Home Buyer Question

To Buy or Not to Buy: First Time Stuart Home Buyer Question

 Granada Homes for Sale

Historically low mortgage interest rates have been a lifeline for many Stuart first time home buyers in recent years, keeping home ownership within reach for many who wouldn’t have otherwise been able to make the leap. For them, and for all the other than first time area home buyers, the fact that home values have continued to rise has been an added boon.

But, as just about every mortgage industry expert will tell you, the gig is almost up for those rock bottom rates. Yet the question for many first time home buyers remains: is it time to buy or not?

It’s a good time to take a hard look a few of the known facts—

According to web giant Zillow, as of Q1 2015, potential home buyers should expect to spend about 15% of their income on a mortgage for an average home in the U.S. When you compare this with the historical averages, it makes today’s rates temptingly low: the typical percentage has been closer to 21%. In terms of dollars spent monthly, that’s a big (and terrific) difference!

At the same time, the historical average has a typical renter shelling out 24% of income. Today, that’s closer to 30%…making first time home ownership that much more inviting.

Taken together, Zillow’s new calculations definitely appear to make finding a home to buy the more affordable option. On the other hand, it’s also true that a number of factors work against first time home buyers—in Stuart and nationwide. College debt, for one, is far more of an obstacle than it used to be. And the other side of those all-time high monthly rents in many places are making it that much harder for would-be first time home buyers to save for a down payment. But with the widespread phenomenon of growth in rents outpacing growth in home values, the rental affordability problem isn’t likely to improve any time soon. With mortgage rates likely to be on the increase as early as this fall, the long term outlook may not grow rosier as time passes. The implied takeaway: strike now while the iron is hot!

Whether this real estate foray is your first or tenth, if you’ve been considering taking advantage of this summer’s Treasure Coast home buying bargains, contact me today for an introduction to a qualified mortgage broker—and to discuss whether this might not just be the perfect time to start your search!

 How Today Stacks Up for Would-be Stuart First Time Homebuyers

June 2015 Monthly Market Detail St Lucie County Single Family Homes

June 2015 Monthly Market Detail St Lucie County Single Family Homes

June 2015 Monthly Market Detail St Lucie County Single Family Homes continues to struggle with the volume of sales in this declining inventory market while at the same time showing continued price increases.  Closed sales were off by 7.9% (in May they were down by 19.8%) and new sales under contract (new pending sales) decreased by 16.7% (they were down by 31.3% last month).

Both median and average sales prices continue strong gains with increases of 18.6% and 18.9% respectively from last June (For May these numbers were 18.2% and 13.1%).  These price increases, while good news for sellers, are making single family homes less affordable in the St. Lucie County market area and may be one factor in the reduced volume of closed sales.

The inventory of active listings decreased in June (from last month) by 18 homes to 1,572, and this is  lower than last year’s inventory by 20.4%.  The current supply of inventory is only 3.3 months (a 24.2% decrease from last year). The Saint Lucie County single family home market remains in a very strong sellers market.  We are seeing a reduction in volume of sales because either there isn’t enough inventory available on the market or prices are becoming to high.

June 2015 Monthly Market Detail St Lucie County Single Family Homes

Click here to view or download the full report:
June 2015 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.

June 2015 Monthly Market Detail St Lucie County Single Family Homes

Jensen Park Estates July 2015 Market Update

Jensen Park Estates July 2015 Market Update

Currently only 1 home is available for sale in the Jensen Park Estates.  It is listed for $289,000 which equals $132.20 per sq. ft. of living area.

There are three homes under contract and awaiting closing.  List prices are from $159,900 to $310,000 for an average list price of $232,966 or $146.40 per sq. ft. of living area.

In the past 12 months, 22 Jensen Park Estates homes have sold.  Sales prices ranged from a low 0f $52,100 up to $329,000 for an average sales price of $214,824 which equals $120.56 per sq. ft. of living area.  These sales averaged 97% of listing price and averaged 67 days on market before going under contract.

Jensen Park Estates is a non-gated community located just west of Savannah Rd in the heart of Jensen Beach.  There are 381 home sites in this community, most of which have been built upon.  Homes were built from 1980 to the latest one which was completed in 2010.

Jensen Park Estates real estate

There’s a wide range of sizes and shapes of homes ranging from 6 bedroom homes with over 3,100 sq. ft. of living area down to more modest 2 bedroom, 2 bathroom homes with just under 1,100 sq. ft.  There are both frame and concrete block construction as well as homes with and without private pools.

Some homes have large lots of over ½ acre while others are fairly modest lots with just over .12 acres.  Homeowner fees are a very reasonable $150 per year.

Neighborhood children attend the Jensen beach Elementary School which is just a little over ½ mile away, Stuart Middle School and the Jensen Beach High School.

Jensen Park Estates real estate

Very close to shopping areas of US-1 as well as close to the Intracoastal (the Indian River) with its boat ramps, public beaches on Hutchinson Island, Indian Riverside park, and much more.

Jensen Park Estates is an excellent option for both families and retirees looking for affordable homes in the heart of Jensen Beach.

Search here for available Jensen Beach Estates Homes for Sale

Credit Score Fallacies Shouldn’t Stymie Palm City Home Buyers

Credit Score Fallacies Shouldn’t Stymie Palm City Home Buyers

 

Most Americans have now arrived at the conclusion that it is a good time to buy a home. That’s the top line analysis from one of the country’s major mortgage creators, but there’s a secondary finding about credit scores that could also have a sizeable impact on Palm City real estate activity. Some would-be Martin County homeowners would benefit from learning the information—which is about misinformation.

The second annual “Wells Fargo Homeownership Survey” is a national survey of 2,016 respondents, and the source upon which last week’s Franklin Codel analysis is based. The excellent news for current and soon-to-be Palm City home sellers is that a whopping 72% of respondents think now is a good time to buy a home. Most Americans also agree that “owning a home remains a vital part” of the American dream— and continues to be a key element in the strength of the nation.

Running counter to that upbeat survey result is the finding that despite the efforts of lenders (and the government) to make credit more available to potential mortgage applicants, two misconceptions are widespread enough that they are “holding many potential buyers back.”

The misinformation:

  • The misconception that every buyer must have at least 20% for a down payment; and
  • A belief that credit scores alone determine whether an applicant will land a home loan

Under the heading The legend of the 20% down payment, Wells Fargo’s Codel points out that 36% of the general population (and larger proportions of minority groups) qualify for loans with lower down payment options— some of them as low as 3%.

But equally illuminating is what Codel has to say about the importance of credit scores. He is the head of mortgage production at Wells Fargo, so Martin County home seekers can be expected to pay attention to what he has to say, which is that credit scores are not as all-important as most people think. Because creditworthiness is not determined based on a single factor, homebuyers should do some investigating of their options “before excluding themselves based on credit scores alone.” And when it comes to the actual scores themselves, it’s not true that a ‘good credit score’ has to be above 780. There are multiple models and investor guidelines—and under some of them, more than 660 “is generally considered good.”

If it’s true that Palm City homebuyers agree that now is the time to make a foray into the market, it’s refreshing (and rare) to hear a top mortgage lending insider provide that kind of encouragement. His conclusion is that the cited misconceptions can be overcome with a “better understanding of how credit works”—and that a good lender will use a borrower’s “entire financial picture, not just credit score” to decide whether to issue a mortgage.

The takeaway is for prospective buyers to do some investigating to find out what their home owning prospects actually are: they might be pleasantly surprised. A good place to start: giving me a call!

Credit Score Fallacies Shouldn’t Stymie Palm City Home Buyers

June 2015 Monthly Market Detail Martin County Townhouses and Condos

June 2015 Monthly Market Detail Martin County Townhouses and Condos

June 2015 Monthly Market Detail Martin County Townhouses and Condos showed very strong activity for June after a somewhat slow couple of months for the early summer and late spring.  Year to year closed sales were up by 36.1% (was down by 4.7% in May) and new sales under contract (new pending sales) were down by 9.6% from June 2014 (increased 11.7% in May).

The median sales price was up by 14.5% (was up by 38.0% in May) while the average sales price increased by 15.8% (was up by 42.2% in May) as compared to June of 2014.  Continuing a fairly roller coaster ride of prices this year.

The inventory of available townhouses and condos has decreased by 22 units to 402 properties from last month, this is 28.0% less inventory than was available in June of 2014.  For June there was a 3.6 month supply of inventory (a 35.7% decrease from last year).  A very strong sellers market for townhouses and condos in Martin County.  Buyers are in need of additional inventory for their potential purchases.

June 2015 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
June 2015 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.

June 2015 Monthly Market Detail Martin County Townhouses and Condos

June 2015 Monthly Market Detail Martin County Single Family Homes

June 2015 Monthly Market Detail Martin County Single Family Homes

The June 2015 Monthly Market Detail Martin County Single Family Homes rebounded nicely from last months disappointing sales volume.  Year to year closed sales were up by 28.8% (was down 2.6% in May). New pending sales increased by 2.1% as compared to June of 2014 (increased by 1.1% in May).

The median sales price was down by 5.4% from last year (down by 1.1% in May) while the average price increased by .05% (was up by 13% last month).  Continuing to show some weakness in what has been an exceptionally strong rate of price increases for the past two years.

The inventory of available single family homes decreased from May 2015 by 49 homes to 1038 units this month, and this is also a 25.4% decrease from last June.  Current supply of homes decreased to 4.5 months from May’s 4.8 months supply. (A 37.7% decrease from last year). The Martin County single family real estate market continues as a strong sellers market, though there are some major issues appearing recently.  Primarily the lack of inventory of available homes for sale.

Click here to view or download the full report:
June 2015 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.

June 2015 Monthly Market Detail Martin County Single Family Homes

Leilani Heights Jensen Beach July 2015 Market Update

Leilani Heights Jensen Beach July 2015 Market Update

There are 2 current listings in Leilani Heights as of July 2015.  The list prices are $165,000 and $214,900 for an average list price of $189,950 or $126.55 per sq. ft. of living area.

3 homes are under contract and awaiting settlement in Leilani Heights.  List prices are from $149,900 to $230,000 with the average list price being $179,800 that equals $122.91 per sq. ft. of living area.

In the past year, there have been 24 homes sold in Leilani Heights.  Sales prices ranged from $94,000 to $230,000 with the average sales price being $158,990 which equates to $109.85 per sq. ft. of living area.  The average days on market prior to n accepted offer was 41 days and these sales averaged at 97% of the list price.

Located so closely to the many exciting and beautiful places in Jensen Beach, Leilani Heights has been a well known family oriented neighborhood for many years. Leilani Heights is within walking distance from the Five Star Jensen Beach Elementary School that has earned an “A” rating for 5 years in a row! The Lelaini Heights neighborhood is also located less than 10 minutes from Jensen Beach High School, a newer facility filled with fantastic teachers and sports programs. If you are a beach lover then you are in luck! Living in Leilani Heights, you are only a few minutes from having your toes in the sand. Want to enjoy downtown Jensen Beach? Then you are only five minutes away! Treasure Coast Square Mall is also just a short ride away! So if you want to be close to the five star schools, beaches, quality restaurants, the mall, family sports and recreation areas then Leilani Heights is your perfect fit.

Leilani Heights real estate in Jensen Beach Leilani Heights real estate in Jensen Beach

Leilani Heights real estate in Jensen Beach Leilani Heights real estate in Jensen Beach

Search for available Leilani Heights homes for sale

Think Like a Skeptic When Picking a Jensen Beach Home for Sale

Think Like a Skeptic When Picking a Jensen Beach Home for Sale

Spacious 4 BR Jensen Beach Home

If you are among this July’s consumers who are actively shopping for a home for sale in Jensen Beach, you have probably already taken a look at the Martin County listings and most likely jotted down some addresses you’d like to examine in detail. Then, if you find yourself in the happy situation of finding more than one Treasure Coast home for sale that passes your first in-person tour visit, the tough question arises about how to pick between two or more quality homes. Should you depend upon your emotional leaningseven if a few practical details seem to point you in the opposite direction? Or should you simply let price be the determining factor? Or is there some other criterion the most experienced house hunters rely on?

Of all the factors that could go into that decision, truthfully, pointing out which are the most important is always a subjective exercise (all except for one I’ll bring up last). Here are some of the most useful ones:

  • Compare the neighborhoods, and take a close look the adjacent streets. Drive by the properties at different times of the day and at least once on a weekend. See how the neighbors keep their homes. Neglected lawns (or bars on too many windows) are not signs you may want to ignore—just as uniformly well-kept landscaping should count on the positive side.
  • Next visit to the candidates, do a consciously thorough walk-over. Pace the perimeter of the home and lot. Look for fencing issues you might need to address, or even how intrusive neighbors’ windows might be. Check for signs of water pooling anywhere on the lot with an eye to whether drainage problems could become an issue when the rains come.
  • If there is another home for sale on the street, drive the immediate area looking for more. If there is more than one home for sale, check the web to see if there are too many—or enough that it indicates that values are in flux. If it appears there are many—but no reason other than chance—it could be a good sign that your offer will be very welcome!

What is that less subjective factor (the one I said I’d bring up last)? It’s one that calls for becoming more skeptical than you really are: one that has you pretending to be a member of the public at large who doesn’t feel particularly drawn to either of the homes for sale you are comparing.

Put yourself into that mindset—then judge which of the homes will be easier to sell in a future where you have decided to move on. Deep-six your idiosyncratic leanings, and concentrate on elements that the majority of people would agree are those that add or subtract resale value. Experienced house hunters have bought and sold often enough that they are keenly aware of how much easier it is to sell a home that has universal appeal—even over one that’s more personally attractive. Keeping aware of the personal factors that may make you comfortable but which could adversely affect resaleability will help you determine a property’s future value to others (and, many would argue, that is the real value!)…

This summer, we’re fortunate to have a market that offers many Jensen Beach homes for sale offering exceptional value. I hope you’ll give me a call to help find your family’s next home!

Think Like a Skeptic When Picking a Jensen Beach Home for Sale

June 2015 Monthly Market Detail Florida Townhouses and Condos

June 2015 Monthly Market Detail Florida Townhouses and Condos

The June 2015 Monthly Market Detail Florida Townhouses and Condos rebounded after a somewhat weak May.  Closed sales were up by 14.6% as compared to last months decrease of 0.1% and new sales under contract (new pending sales) increased by 2.7% (In May there was a 1.4% decrease).

Both median and average sales prices continue to increase, with rises of (year to year) 7.9% and 3.1% respectively (in May they were up by 9.7% and o.5%).  As sales volume decreases, I expect to see some moderation in the coming months for price increases.

The inventory decreased by 1.8% from June of last year.  For June 2015 we have 5.5 months of inventory (was 5.8 months in May) also was 5.8 from last June.  A slight sellers market for now, as a 6 months inventory supply is considered a balanced market.

June 2015 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:
June 2015 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.

June 2015 Monthly Market Detail Florida Townhouses and Condos