Stuart FL 34994 Condo Market Report May 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for May 2014

For May, 2013 in the 34994 Zip Code area of Stuart, Florida :

There are currently 111 active condo listings (Unchanged from April).

50 Condo sales are pending and awaiting close or lender approval. (Down by 6 condos from last month)

27 Condos Sold in May (Up by 4 condos from April).

Better closed number for the Stuart FL 34994 Condo market. Unfortunately, pending sales were off which typically signifies less closed sales in the near future. Inventory of available condos remained unchanged.

The one month absorption rate dropped to 4.1 months compared to last month’s 5. A strong sellers market. Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months. Meaning neither the buyers or sellers have an advantage in the real estate market.

Last May the numbers were 113 active listings, 42 pending sales, and 30 closed sales. Pretty similar activity to last year and continuing good solid activity.

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Stuart Florida Market Report ZIP Code 34994 – Condo, May 2014

Stuart FL 34994 Condo Market Report June 2014

06.11.14 by Gabe Sanders

Stuart FL 34994 Condo Market Report June 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for June 2014

For June, 2013 in the 34994 Zip Code area of Stuart, Florida :

There are currently 111 active condo listings (Unchanged from May).

46 Condo sales are pending and awaiting close or lender approval. (Down by 4 condos from last month)

23 Condos Sold in June (Down by 4 condos from May).

A little slower market activity for the Stuart FL 34994 Condo market. Both closed and pending sales were off from May, but don’t let this fool you as this is one of the hottest areas of Martin County and Stuart.

The one month absorption rate dropped to 4.8 months compared to last month’s 4.1. Still a sellers market. Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months. Meaning neither the buyers or sellers have an advantage in the real estate market.

Last June the numbers were 112 active listings, 52 pending sales, and 17 closed sales. No major changes from last years activity.

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Stuart Florida Market Report ZIP Code 34994 – Condo, June 2014

Stuart FL 34994 Residential Market Report May 2014

06.10.14 by Gabe Sanders

Stuart FL 34994 Residential Market Report May 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for May 2014

For May, 2013 in the 34994 Zip Code area of Stuart, Florida:

There are currently 73 active listings (Decreased by 1 home from April)

32 Residential sales are pending and awaiting close or lender approval (Up by 8 homes from April).

10 Homes Sold in May (Decreased by 5 homes from April)

After three straight months of increasing closed sales for the 34994 ZIP code area of the Stuart, Florida, May saw a decrease of 5 closed sales. Pending sales which were off last month rebounded nicely, indicating a good possibility of increased closed sales in the coming months. Unfortunately, the inventory continues to shrink making for less potential home sales for the future.

The one month absorption rate for the 34994 zip code for May increased to 7.3 months from last months 4.9 months. A shift back into a buyers market. A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The May 2012 numbers were 56 Active Listings, 42 pending sales and 9 closed sales. Considering the increased inventory this year as compared to 2013, market activity is not quite as robust.

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Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 Residential May 2014

Holly Creek Towhhouse in Jensen Beach FL Sold

06.10.14 by Gabe Sanders

Holly Creek Towhhouse in Jensen Beach FL Sold

Thanks to the Gabe Sanders BlueWater Realty team, their are new owners for 694 NE Wax Myrtle Way in Holly Creek, Jensen Beach FL. Just closed for $122,500.

Two story townhome with glorious lake views and remodeled Master bath, plantation shutters in Master bedroom, laundry shoot, roll-down shutters, 1 car garage, screened porch, under stairs storage. Hot water heater 2009 & new range.

Holly Creek is one of the hidden jewels in Martin County and Jensen Beach. Holly Creek is a small and affordable subdivision located off of Jensen Beach Blvd. Just 2 miles from the Indian River (Intracoastal Waterway) and across the Jensen Beach Causeway to access the pristine waters and beaches of the Atlantic Ocean.

Only two miles to the Treasure Coast Mall and surrounding areas for shopping, and just a short bike ride from schools, restaurants, parks and downtown Jensen Beach; Holly Creek is one of the best locations on the Treasure Coast Low fees include professional landscaping.A large heated pool and two professional tennis courts adjoin the spacious clubhouse that has party and banquet facilities available for residents to use.

Numerous small lakes and lush landscaping make Holly Creek a desirable place to call home or a possible vacation retreat from those cold northern winters.

Holly Creek features 2 bedroom townhomes, 3 bedroom villas, 3 bedroom chalet homes all with a single car garage and additional parking. There are also a limited number of estate homes in the rear of Holly Creek which have 2 car garages, larger floor plans and individual designs.

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Holly Creek Towhhouse in Jensen Beach FL Sold

Sewalls Point Single Family Market Report May 2014

06.09.14 by Gabe Sanders

Sewalls Point Single Family Market Report May 2014

Sewalls Point Real Estate Snapshot, Residential Sales for April 2014

There are currently 58 active listings (Unchanged from April)

14 Residential sales are pending and awaiting close or lender approval (Up by 1 home from last month)

5 Homes sold in April (Unchanged from April)

The Sewalls Point single family homes market activity for May 2014 is basically unchanged from April with the exception of one additional pending sale. Activity is slow, but steady. Sewalls point is a desirable location for families and it will be interesting to see if we have increased activity prior to the next school year.

The absorption rate is currently 11.6 months unchanged from last month and with plenty of room for improvement. It’s been a strong buyers market for Sewalls Point in the past 4 months now, as activity for this community has slowed this year. 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 May of 2013, the inventory was 58 homes on the market, 17 pending sales and there were 7 closed sales. Better activity, if only slightly, last year.

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Sewalls Point Single Family Market Report May 2014

Another Summerfield Golf Club Home Sold

06.09.14 by Gabe Sanders

Another Summerfield Golf Club Home Sold

Please welcome your new neighbors in Summerfield. This 3 BR, 2 BA villa sold for $220,000.

Beautifully maintained 3 bedrooms, 2 bath villa being sold fully furnished in move in condition. Located in the desirable gated community of Summerfield in Stuart FL. Features include a tiled living area, eat-in kitchen and ample closets. The covered and screened patio overlooks the 8th hole of the Champions golf course. Hurricane shutters, two car garage with plenty of storage space and a utility sink. This home is now under contract.

Summerfield Golf Club is located on over 275 acres and hosts a little over 500 single family homes adjoining the Champions Golf Course. Selected as one of the top 10 Golf Courses he nation by Golf Magazine in 1995, it is the first public golf course awarded the Audubon Signature Sanctuary Statuary because of its natural beauty. This Tom Fazio designed course is open to the public with very reasonable membership fees. Visit the Champions Course web site for more information at http://www.thechampionsgolfclub.com/

The residential section is known as Summerfield Golf Club and is a secured gated community with homes ranging in size from smaller 2 bedroom coach homes of around 1500 square feet up to 5 bedroom estate homes boasting over 3,000 square feet of living area.

Summerfield boasts an exceptionally large community pool and clubhouse with dining and entertainment facilities, fitness center and a professional 6 court Tennis club. All of these amenities available at very reasonable HOA fees, along with the convenience of on-site manager to handle any issues that may arise.

Very conveniently located near US-1 and Cove Rd, residents can enjoy close proximity to shopping, medical facilities with downtown Stuart only minutes away and only 30 minutes to the palm Beaches. Easy access to I-95 where travel to Orlando or Miami is only 2 hours by car.

The following homes are currently available for sale in Summerfield:

Summerfield Golf Club Homes for Sale

Stuart Florida Real Estate

Another Summerfield Golf Club Home Sold

Penthouse Condo in Island Dunes with New Price

06.08.14 by Gabe Sanders

Penthouse Condo in Island Dunes with New Price – Just Listed

Check out this penthouse condo with absolutely gorgeous views. Now only $305,000.

Enjoy true luxury Oceanside living from this penthouse suite in the Island Dunes Country Club of Hutchinson Island in Jensen beach, FL. A spacious 2 Bedroom and 2 Bath apartment on the top floor (14^th) in the Island Dunes Oceanside II building. Panoramic views of the Ocean as well as both pools from your balcony and master bedroom. While from the kitchen and office or 2^nd bedroom view the wide waters of the Intracoastal Waterway and the golf course of your Country Club. This unit has been meticulously updated with granite countertops in the kitchen as well as the bathrooms. Stainless steel appliances as well as tile floors laid on the diagonal in the living areas.

Luxury amenities await you with a short elevator ride downstairs. Complete clubhouse with kitchen in the lobby. There’s a game room with billiard table, a gym with your very own steam room. Two pools and spa on the Oceanside for relaxation along with gas barbecue grills for your outdoor cooking.

Just across the street is your very own golf and tennis club. Along with a restaurant (Pietro’s on the River) and a private marina (check for availability of docks). There’s also an additional riverside pool.

Make this your luxury oceanfront home or as a getaway from the cold northern winters. Your condo is secured with 24hr manned gated security guard as well as a secured lobby. Management is available daily on site. One pet up to 30lbs. is allowed for owners only.

About the Island Dunes Complex:

Located on the unspoiled Barrier Island of Hutchinson Island in Jensen Beach, Florida in Saint Lucie County is a complex of five separate condominium buildings with a common thread. All of these units belong to the Island Dunes Country Club. This unique arrangement offers golf, tennis and a deep water marina, just steps from your condo without having to travel to the mainland.

The five buildings from North to South are the Island Dunes Oceanside I & II, the Admiral, the Regency Island Dunes and the Regency Island Dunes Two. All of these buildings are Oceanside affording easy access to the crystal clear blue waters of the Atlantic Ocean. There’s a wide variety of condos available ranging from 1 Bedroom to spectacular 3 Bedroom Penthouse suites.

The Island Dunes Country Club offers a challenging nine hole golf course golf course on the on the banks of the wide Indian River, championship tennis club , a pro shop, a deep water marina and one of the fine dining in the onsite restaurant area which is open to the public.

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Penthouse Condo in Island Dunes with New Price – Just Listed

June 2014 Market Report Locks Landing in Stuart Florida

06.07.14 by Gabe Sanders

June 2014 Market Report Locks Landing in Stuart Florida

As of June 2014, there are 5 homes on the market in Locks Landing in Stuart Florida. Listing prices range from $320,000 to $529,000 for an average price per square foot of $153.69.

There are no homes currently under contract.

In the past 12 months, 21 homes have sold in Locks Landing with sales prices ranging from $260,000 to $452,500 for an average of $146 per sq. ft.

Locks Landing in Stuart Florida is a planned unit community of 243 homes on the south eastern shore of the Saint Lucie Waterway, just upstream of the Locks on the Okeechobee Water Way at Phipps Park in Stuart, Florida.

Locks Landing homes range in sizes from just under 2,000 square feet of living area to some spacious 3,000 square feet plus homes on spacious preserve lots. Many homes enjoy lake views and a few homes offer views of the Saint Lucie Waterway. This wonderful family neighborhood boasts a number of docks with available water and electrics.. Easy access through the lock to the main Saint Lucie river and out to the crystal clear waters of the Atlantic Ocean or sail west into Lake Okeechobee for a fabulous day of fresh water fishing. For those without their own boat dock, there’s a convenient boat ramp to allow all to enjoy the fabulous boating available to all residents of Martin County.

Locks landing is only moments to I-95 for those needing to commute either north or south on the Interstate. The equestrian farms of Martin County are only a short drive to the west; while to the east is shopping, restaurants, beaches and all the amenities that Martin County has to offer. This family friendly community also boasts an ‘A’ rated school system with local children attending Crystal Lake Elementary School, David L Anderson Middle School and South Fork High School

To view the current homes available for sale in Locks Landing please select the following link:
Locks Landing Homes for Sale

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

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June 2014 Market Report Locks Landing in Stuart Florida

June 2014 Market Report The Retreat in Hobe Sound

06.06.14 by Gabe Sanders

June 2014 Market Report The Retreat in Hobe Sound

For the June 2014 Market Report The Retreat in Hobe Sound there are currently 4 homes on the market, ranging in price from $259,000 to $335,900 for an average of $159 per square foot of living area.

There is 1 home under contract and awaiting sale. Listing price is $239,900 at $143 per sq. ft. of living area.

In the past 12 months, 20 homes have sold in the Retreat. Sales prices ranged from a low of $208,000 to a high of $410,000 at an average of $150 per sq. ft. of living area.

This is a beautiful DiVosta master planned community at the end of Seabranch Ave just west of US-1 in Hobe Sound. The Retreat contains 555 well built CBS homes ranging from 2 BR to 4 BR homes that continue to impress their owners with their functionality and quality DiVosta construction.

Located near Schools, Golf Courses, Shopping, Medical facilities, Beaches, and all the amenities either a family or a second home owner looks forward to in Florida living. Amenities at the Retreat include a heated community pool, clubhouse, fitness room and tennis courts. Golf course access in right next door at Lost Lake.

The Retreat was a finalist in the Communities of Excellence contest in the communications division. Association volunteers under the direction of the Communications Committee utilize a bimonthly newsletter, website, bulletin boards, community television channel, town hall meetings, resident directory, email blasts, and open board meetings with published minutes to get information to and from the residents. The newsletter is particularly popular. The website provides information of a business nature, with a resident showcase for display of artwork.

Currently some select Retreat Homes are available at very attractive prices.

To view these available Retreat Homes for sale, click here.

Gabe Sanders

Stuart Florida Real Estate

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June 2014 Market Report The Retreat in Hobe Sound

Jensen Beach Golf and Country Club June 2014 Update

06.05.14 by Gabe Sanders

Jensen Beach Golf and Country Club June 2014 Update

There are currently 7 homes and villas available for sale in the Jensen Beach Golf and Country Club.
List prices range from $205,000 to $350,000 or an average of $153.61 per square foot of living area.

2 homes are under contract awaiting the final sale. (no short sales and no bank owned homes.) List prices are $329,900 and $315,000 for an average per square foot of living area of $144.01.

In the past 12 months, 42 homes have sold. The sales prices ranged from $160,700 to $348,000 for an average price per square foot of $141.06 with 95% sales to list price ratio. There were 3 bank owned foreclosures in this group of sales and no short sales.

The Jensen Beach Golf and Country Club in Jensen Beach Florida is one of the most desirable communities on Florida’s Treasure Coast. There are 656 homes and home sites spread out on over 240 acres of wildlife preserve with plenty of privacy and homes from four different builders. Homes began to be constructed in 2000 and new homes continue to be built to order, with a limited number of spec homes available from D.R. Horton and Renar Homes. Previous builders included WCI Communities and Engle Homes.

The Jensen beach Golf and Country Club is home to the Eagle Marsh Golf Course. This is apublic course and all are welcome to play. Inexpensive membership plans are available along with dining facilities, a snack bar and a pro shop. More information about the Eagle Marsh Golf Club can be found on their web site.

Homes in the Jensen Beach Golf and Country Club range from smaller 2 BR attached villas of approximately 1300 plus square feet of living area and single car garages to spacious one floor and two story pool homes of just over 2500 square feet with 3 car garages. In addition to the facilities associated with the Eagle Marsh Golf Club, there are two community pools and an active tennis club with 6 professional courts along with a local pro and active league play.

All of these amenities come at an incredibly attractive HOA fee of around $225 per month and include landscaping, trash pickup as well as basic cable TV service.

The Jensen Beach Golf and Country Club is attractively situated only 2 miles from the Indian River (the Intracoastal Water Way) and quaint downtown Jensen Beach, only across the causeway to the public beach of Jensen beach for those wishing to take advantage of the clear waters of the Atlantic Ocean. Less than a mile to the west is the Treasure Coast Mall and the shopping and restaurant corridor of US-1.

For those with children, the ‘A’ rated Jensen Beach High School is within walking distance from the front gate of the Jensen Beach Golf and Country Club.

Here are the currently available re-sale homes in the Jensen Beach Golf and Country Club

For new home sales from either D.R. Horton or Renar Homes please call 772-323-6996 to arrange a private appointment with a new home specialist.

For any questions you may have about the Jensen Beach Golf and Country Club, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Jensen Beach Golf and Country Club June 2014 Update

Snug Harbor June 2014 Market Update

06.04.14 by Gabe Sanders

Snug Harbor June 2014 Market Update

Snug Harbor June 2014 Market Update:

As of June 2014, there are 2 active listings in Snug Harbor in Stuart, FL. The list prices are $1,580,000 and $3,200,000 for an average of $746 per sq. ft. of living area. Both of these are waterfront homes.

There are currently no homes under contract or pending.

6 homes have sold in the past 12 months. Ranging in sales price from $535,000 to $2,270,730. The average sales price per sq. ft. was $385.14. Four waterfront homes sold at an average price of $493 per sq. ft. and 2 non waterfront homes at $170 per sq. ft.

Snug Harbor remains as one of the most desirable locations in Stuart, FL. Located on the wide Saint Lucie River just east of the city of Stuart Florida is this unique subdivision.

Snug Harbor was the vision of a group of 10 Yachtsmen, many former Commodores of the Chicago Yacht Club back in 1943. They bought the land and platted the area in September 1944 as well as forming the Snug Harbor Corporation, which controlled the ownership of the lots.

In 1975 the deeds were distributed and/or sold to the then owners and a condominium form of ownership was established under the name of the Snug Harbor Yacht Club. With both waterfront and non-waterfront homes and estates, located just minutes away from the ocean by boat or car and also convenient to downtown Stuart, offices, restaurants and recreational areas.

Snug Harbor is one of the finest communities in Martin County. There are only 72 home sites with a club house, deep water marina, boat ramp, trailer parking and tennis courts. There is an active association with social activities year round that make this community a very attractive place to call home.

Please feel free to contact Gabe Sanders (772-323-6996), a Snug Harbor resident, if you would like any information about this wonderful community.

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Snug Harbor Homes for Sale

Snug Harbor June 2014 Market Update

Sold in Under 30 Days Stuart FL 4 BR Home on 4 Acres

06.03.14 by Gabe Sanders

Sold in Under 30 Days Stuart FL 4 BR Home on 4 Acres

Vintage home built in the early 1900’s has been sold by the Gabe Sanders BlueWater Realty team in under 30 days for $260,000. Numerous offers were presented on this property that had previously failed to sell with another office.

Fabulous opportunity for a home sitting on 3.95 pristine acres yet still only a few minutes to downtown and the beaches. This 1935 home needs updating and well suited for either the hobbyist or handyman. A 4 bedroom, 2 bathroom home with a large eat in kitchen and recently added Hardi board siding, as well as a detached 3 car garage with workshop area, is waiting for a new owner. There’s also a 5 stall barn with a tack room. Perfect opportunity for someone needing some space for vehicles, animals as well as room for all the toys without any homeowner’s association restrictions. The land is high and dry and mostly cleared. Easy access to I-95, Pratt and Whitney and Palm city Farms. Owner financing is available.

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Osprey Creek Home in Martin Downs Sold

06.02.14 by Gabe Sanders

Osprey Creek Home in Martin Downs Sold

Under Contract in 7 days: 4084 SW SW Osprey Creek Way in the Martin Down Country Club has sold over appraisal price for $180,000 by the Gabe Sanders BlueWater Realty team!

Country Club Living Under 200,000. 2 bedroom plus den/office or possible 3rd bedroom, 2 bathroom, 1 car garage home in Martin Downs Country Club in Osprey Creek. Covered screened patio that’s perfect for entertaining. Large eat-in kitchen, separate dining room, Florida and living rooms. Private setting with golf course views from the screened lanai.

Martin Downs is a guard gated community that offers memberships for golf, tennis and social. Two large pools, workout room, Tiki Sports Bar and Main Dining Room. A rated schools, Public Parks, Dining, Entertainment, Boating, Fishing, Horseback Riding and other activities just minutes away.

Palm City: An Oasis of Natural Beauty!

Palm City Florida real estate is also surrounded by natural wonders that only enhance the living experience of this community located on the Atlantic side of Florida. World renowned freshwater and saltwater fishing. Jonathan Dickinson State Park, near the southern part of Martin County, offers canoeing, camping, hiking and other activities in its 11,500 acres Locations that give exposure to aquatic and marine life

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Osprey Creek Home in Martin Downs Sold

Price Reduced – Fort Pierce Oceanfront Development Lot

06.01.14 by Gabe Sanders

Price Reduced – Fort Pierce Oceanfront Development Lot

Ocean front living at it’s best. Build your dream home and step out to your own ocean front paradise. Or build up to a four unit townhome development with great future income or re-sale potential. Great location, only minutes to the revitalized downtown Fort Pierce, where you can enjoy fine dining, entertainment and many deep water ocean access marinas. Also only a few minutes to prestigious Vero Beach or Jensen Beach, with great shopping and beautiful beaches. Motivated seller is ready to look at offers.

This lot is suitable for a large home or possibly a multifamily structure for those wishing to have a long term investment opportunity. One of the very few buildable ocean front lots left on South Beach in Fort Pierce.

Easy access to restaurants, shopping and the vibrant downtown area of Fort Pierce, FL

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Price Reduced – Fort Pierce Oceanfront Development Lot

April 2014 Monthly Market Detail St Lucie County Townhouses and Condos

05.31.14 by Gabe Sanders

April 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The April 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors is a segment of the market that is not doing well this year. Most measured values are showing declines year to year. Closed sales were down by 5.9% (was down by 21.3% in March) while new sales under contract (new pending sales) decreased by 4.6% (was down by 9.9% in March). The decrease in pending sales is much less than last month which is at least a small positive.

The median sales price was down by 34.1% (up 21.1% in March) and the average sales price decreased by 2.3% (was up by 7.4% in March). This is the first month we’ve seen a decrease in values. Lack of supply and demand are both factors for this as was the torrid price rises from last year.

The inventory of available townhouses and condos decreased by 48 units from last month to 856 units which is down by 5.3% from last April. Current supply of inventory decrease to 8.4 months from the 9.6 month supply in March and is 4.5% lower from last year. This is a buyers market at present.

Click here to view or download the full report:
April 2014 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.

April 2014 Monthly Market Detail St Lucie County Townhouses and Condos

April 2014 Monthly Market Detail St Lucie County Single Family Homes

05.30.14 by Gabe Sanders

April 2014 Monthly Market Detail St Lucie County Single Family Homes

April 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors showed strong market activity with continued rising prices, though volume has moderated. Closed sales from last year were up by only 0.6% (in March they were up by 9.9%) and new sales under contract (new pending sales) decreased by 4.9% (they were down by 8.8% last month).

Both median and average sales prices were up again (year to year) by 12.2% and 10% respectively from last April (For last month these figures were 15.7% and 12.1%).

The inventory of active listings decreased in April (from last month) by 90 homes to 2,179, which represents an increase of 29.7% from last year. Current supply of inventory is only 5.0 months (a 28.1% increase from last year). Still a sellers market for the Saint Lucie County single family home market. While not as red hot as last year, it is still very positive and could still slow down some to become a balanced market.

Click here to view or download the full report: April 2014 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.

April 2014 Monthly Market Detail St Lucie County Single Family Homes

Spacious Townhouse on Hutchinson Island at New Price

05.29.14 by Gabe Sanders

Spacious Townhouse on Hutchinson Island at New Price

Spacious Townhouse on Hutchinson Island at New Price. Available for $376,000 for the discriminating buyer that needs both living space and a garage with both Intracoastal and Ocean access. For directions and additional information please call 772-323-6996.

Enjoy your very own spacious Hutchinson Island townhouse with beautiful views of the Indian River in a rare three bedroom, two and ½ bathroom home with a one car garage. This spacious home has a generous open plan with room to roam. Large master suite with private balcony overlooking one of the two heated community pools and Intracoastal Waterway.

Tiled throughout with impact glass windows, updated kitchen and washer and dryer in unit. The Maritimes is a pet friendly ocean to river community allowing for up to two large dogs. There are ocean access docks that may be available for purchase or lease. Beach access as well as tennis also included. A wonderfully tranquil setting that’s close to both downtown Stuart and Jensen Beach.

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Spacious Townhouse on Hutchinson Island at New Price

April 2014 Monthly Market Detail Martin County Townhouses and Condos

05.29.14 by Gabe Sanders

April 2014 Monthly Market Detail Martin County Townhouses and Condos

April 2014 Monthly Market Detail Martin County Townhouses and Condos continues with reduced activity from last year, though still in a healthy range with a balanced blend of supply and demand. Year to year closed sales were down by 12.2% (was down by 29.9% in March) while new sales under contract (new pending sales) was unchanged from April 2013 (was down 9% in March).

The median sales price increased by 11.3% (was up by 7.4% in March) while the average sales price increased by 11.3% (was down 11% in March) as compared to April of 2013. Interestingly, prices continue to rise with momentum in the condo and townhouse segment of the market.

The inventory of available townhouses and condos has decreased by 17 to 579 units from last month which is also 10.2% less inventory than was available in April of 2013. With values going up as much as they have, I would have expected higher inventory levels. The current supply of inventory is 5.8 months (a 13.1% decrease from last year). Though down in volume from last year, this is still a balanced market that favors neither the buyer nor the seller.

Click here to view or download the full report: April 2014 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.

April 2014 Monthly Market Detail Martin County Townhouses and Condos

April 2014 Monthly Market Detail Martin County Single Family Homes

05.28.14 by Gabe Sanders

April 2014 Monthly Market Detail Martin County Single Family Homes

The April 2014 Monthly Market Detail Martin County Single Family Homes improved from a slow March though activity only slightly improved from last year. Year to year closed sales were up by only 0.5% (was down 14.7% in March). New pending sales decreased by 9.1% as compared to April of 2013 (increased by 17.5% in March). The decrease in pending sales is a bit troubling as it’s the main indicator of potential future closed sales.

The median sales price was up by 12.6% from last year (up by 4% in March) while the average price dropped by 19.3% (was down by 25.1% last month). This is a dramatic indication of the continued strong activity for the lower price ranges and a slower sales volume in the higher end luxury market.

The inventory of available single family homes decreased from March 2014 by 29 homes to 1,398 units this month, representing a 15% increase from last April. Current supply of inventory remains unchanged from last month at 7.5 months (a 4.8% increase from last year). Hovering just outside of a balanced market for now with a slight advantage for buyers.

Click here to view or download the full report: April 2014 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.

April 2014 Monthly Market Detail Martin County Single Family Homes

April 2014 Monthly Market Detail Florida Townhouses and Condos

05.27.14 by Gabe Sanders

April 2014 Monthly Market Detail Florida Townhouses and Condos

For the April 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida the rate of activity has slowed some, but is now a much healthier market than last years super heated activity. Year to year closed sales were down by 5.1% as compared to last months decrease of 5.2% and new sales under contract (new pending sales) decreased by 11% (March’s decrease was 6.2%).

Both median and average sales prices were up (year to year) by 9.8% and 10.6% respectively (in March it was 16.7% and 16.1%). These strong price appreciations is what I suspect is the cause of the decrease in market activity for condos and townhouses in Florida for April, though it is a strong balanced market at this time.

Inventory rose for the seventh month in a row, by 9.3%. The rising inventory is producing some pressure to moderate the price increases. This should help continue a strong momentum for sales activity. The 6 month supply of inventory is a good sign that we are in a balanced 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: April 2014 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.

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