November 2013 Monthly Market Detail Florida Single Family Homes

12.24.13 by

November 2013 Monthly Market Detail Florida Single Family Homes

The Florida real estate market showed some weakness for the November 2013 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors.  Both closed and pending sales were off.   Year to year closed sales were down by 1.2% (were up by 6.5 % in October) and new sales under contract (new pending sales) decreased by 5.9% (was up by 3.4% in October).

Florida Single Family

Both median and average sales prices were up (November 2012 to November 2013) by 13.3% and 7.1% respectively.   Not quite as much of an increase as in previous months this year, but those kinds of increases were unsustainable.

The inventory of available homes for sale increased by 10% from last year.  This is now the second month of increased inventory.  I’ve written in the past that I was expecting this increase which is a direct cause of the easing of the price increases as the supply expands. I would like to see the volume of closed sales be higher and with the current excellent economic news, I expect these numbers to go up soon.

Please look at the full detail report for the rest of the story:

Click here to view or download the full report:
November 2013 Monthly Market Detail Florida 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.

November 2013 Monthly Market Detail Florida Single Family Homes

December 2013 market Update for Sugar Hill Jensen Beach

12.23.13 by

December 2013 market Update for Sugar Hill Jensen Beach

As of December 2013, there are 4 homes on the market in Sugar Hill in Jensen Beach, FL.  Listing prices range from $450,000 to $669,000 with an average of $184.62 per sq. ft. of living area. None of these listings are distressed properties.

Currently, no homes are under contract.

There have been 6 homes sold in the past 12 months in Sugar Hill.  Sales prices ranged from $290,000 to $455,000 for an average of $138.15 per sq. ft. of living area. There were no foreclosures or short sales in these sales.

Sugar Hill in Jensen Beach Florida

December 2013 market Update for Sugar Hill in Jensen Beach is an eye pleasing high elevation neighborhood filled with upscale homes in Jensen Beach. All homes have very spacious yards that are surrounded with gorgeous Florida foliage. Most homes are timeless architectural works of beauty! Houses range from 2 to 5 bedrooms and 2 to 5 bathrooms, so whatever size you are looking for, Sugarhill is sure to have it. The neighborhood is located just minutes from all that Jensen Beach has to offer, like the beautiful stretches of beach on Hutchinson Island, the fantastic shopping at the Treasure Coast Square Mall, many restaurants you are sure to love, and our ‘A’ rated schools for all grade levels!

Sugar Hill in Jensen Beach FloridaSugarhill has very reasonable HOA fees of only $500.00 per year.

Sugar Hill in Jensen Beach Florida

The current Martin County Schools for Sugar Hill are Jensen Beach Elementary School, Stuart Middle School and Jensen Beach High School

Sugar Hill in Jensen Beach Florida

 

Here are the currently available homes in December 2013 market Update for Sugar Hill in Jensen Beach

 

For any questions you may have about December 2013 market Update for Sugar Hill in Jensen Beach, please call the Gabe Sanders BlueWater Realty team at 772-323-6996 or Contact Us Here

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December 2013 market Update for Sugar Hill Jensen Beach

Hobe Sound Florida Market Report ZIP Code 33455 Condo November 2013

12.23.13 by

Hobe Sound Florida Market Report ZIP Code 33455 Condo November 2013

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for November 2013

 

For October 2013 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 21 active condo listings. (Up by 6 condos from October)

Hobe Sound Florida Market Report ZIP Code 33455 Condo November 2013

3 Condo sales are pending and awaiting close or lender approval. (Down by 1 condo from October)
Hobe Sound Florida Market Report ZIP Code 33455 Condo November 2013

 

2 Condos sold in October (Increased by 2 condos from October)Hobe Sound Florida Market Report ZIP Code 33455 Condo November 2013

 

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  For November, there was a nice increase in active listings.  Unfortunately pending sales decreased by 1 condo.  Sales were only 2 units.

The absorption rate for November decreased to 10.5 moths from last months 15 months.  Still a buyers advantage for those in the Hobe Sound condo market..  Generally, a 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.  These statistics within this segment should be taken with a grain of salt, as small changes in activity make for very large changes on percentages that may not indicate a true trend in the market.

The November 2012 numbers were:  26 active listings, 10 pending sales and 1 closed sales.   Much stronger pending activity last year.  With the increasing inventory, I’m hoping for better numbers in the coming season.

 

Please use the charts below as reference only as they rely on all residential types of property in the 33455 real estate market:Hobe Sound Florida Market Report ZIP Code 33455 Condo November 2013

 

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Hobe Sound Florida Market Report ZIP Code 33455 Condo November 2013

 

Hobe Sound FL Market Report ZIP Code 33455 Residential November 2013

12.22.13 by

Hobe Sound FL Market Report ZIP Code 33455  Residential November 2013

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for November 2013

 For November 2013 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 277 active listings. (Up by 28 homes from October)

Hobe Sound Florida Market Report ZIP Code 33455 Residential November 2013

75 Residential sales are pending and awaiting close  (Decreased by 9 homes from October)
Hobe Sound Florida Market Report ZIP Code 33455 Residential November 2013

 

37 Homes Sold in November (Up by 11 homes from last month)
Hobe Sound Florida Market Report ZIP Code 33455 Residential November 2013

Continued strong results from the Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County.  Pending sales were off for November, though this is more than likely a seasonal issue.  Interestingly there was a sizable increase in the active inventory which could be an indication of some pent up seller demand from the slow markets of the past years.  Closed sales were up for November.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 is at 7.5  months (9.6 months in October).  Currently a very slight buyers market.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for November 2012 were:  301 active listings, 96 pending sales and 29 closed sales.  Better activity for 2013 than last year.

 Please use the charts below as reference only as they rely on all residential types of property in the 33455 real estate market:

 Hobe Sound Florida Market Report ZIP Code 33455 Residential November 2013

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Hobe Sound Florida Market Report ZIP Code 33455 Residential, November 2013

Jensen Beach Florida Market Report ZIP Code 34957 Condo November 2013

12.21.13 by

Jensen Beach Florida Market Report ZIP Code 34957 Condo November 2013

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for November 2013

 

For November 2013 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 38 active listings. ( Increased by 2 condos from October)
Market Report ZIP Code 34957 Condo November 2013

16 Condo sales are pending and awaiting close or lender approval. (Up by 3 condos from October)
Market Report ZIP Code 34957 Condo November 2013

2 Condos Sold (Decreased by 5 condos from October)
Market Report ZIP Code 34957 Condo November 2013


The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  Inventory remains very low even though we’ve had small increases in the past three months.   Closed sales for November were only 2 condos while pending sales rose slightly.

The one month absorption rate for the November 2013, Jensen Beach Florida Market Report ZIP Code 34957 rose again to 19 months (5.1 months in October), signifying a step into a slight sellers market. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The November 2012 numbers were: 29 active listings, 22 pending sales and 8 condos closed.   Not as good a market this year as compared to last for the Jensen beach Condo segment of the Martin County real estate market.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34957 real estate market:

Market Report ZIP Code 34957 Condo November 2013

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Jensen Beach Florida Market Report ZIP Code 34957 Condo November 2013

Jensen Beach Florida Market Report ZIP Code 34957 Residential November 2013

12.20.13 by

Jensen Beach Florida Market Report ZIP Code 34957 Residential November 2013

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for November 2013

 For November 2013in the 34957 Zip Code area of Jensen Beach, Florida :

 

 There are currently 135 active listings. (An increase of 8 homes from last month)
Jensen Beach Florida Market Report ZIP Code 34957 Residential November 2013

60 Residential sales are pending and awaiting close or lender approval. (Down by 15 homes from October)
Jensen Beach Florida Market Report ZIP Code 34957 Residential November 2013

32 Homes Sold (Increased by 15 homes from October)

Jensen Beach Florida Market Report ZIP Code 34957 Residential November 2013

The November 2013 Jensen Beach residential real estate market, zip code 34957 showed a welcome increase in closed sales as well as a needed increase in inventory.  Unfortunately, pending sales were off for the month.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 dropped to 4.4  months (7.5 months in October).  Now a strong seller’s market.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The November 2012 numbers were: 111 active listings, 73 pending sales and 23 home sales closed.   Interestingly the inventory for the Jensen Beach residential real estate market is higher this year than last, unlike most other parts of Martin County.  Pending sales this year are down compared to last, while closed sales are better.
 
 
Please use the charts below as reference only as they rely on all residential types of property in the 34957 real estate market:
Jensen Beach Florida Market Report ZIP Code 34957 Residential November 2013
 

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Jensen Beach Florida Market Report ZIP Code 34957 Residential November 2013

Palm City Florida Market Report ZIP Code 34990 Condo November 2013

12.19.13 by

Palm City Florida Market Report ZIP Code 34990 Condo November 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for November 2013

 

For November 2013 in the 34990 Zip Code area of Palm City, Florida :



There are currently 67 active condo listings. (Up by 8 condos from October)
Palm City Florida Market Report ZIP Code 34990 Condo November 2013

6 Condo sales are pending and awaiting close or lender approval. (Unchanged from last month)
Palm City Florida Market Report ZIP Code 34990 Condo November 2013

 

1 Condos Sold in November. (Down by 3 condo from October)

Palm City Florida Market Report ZIP Code 34990 Condo November 2013

 

Very disappointing activity for the 34990 zip code area of Palm City condo market for November 2013.  Inventory increased, pending sales remained unchanged and only 1 condo sold in November.

The current absorption rate for condos in the 34990 zip code area is an atrocious 67  months with only 1 sale (was 14.8 months in October).   A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market is currently a strong buyers market.
 
The November 2012 numbers were: 61 active listings, 10 pending sales and 5 closed sales.   Unfortunately, this year’s activity is not nearly as active as it was in November 2012.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:

Palm City Florida Market Report ZIP Code 34990 Condo November 2013

 

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Palm City Florida Market Report ZIP Code 34990 Condo November 2013

Palm City Florida Market Report ZIP Code 34990 Residential November 2013

12.18.13 by

Palm City Florida Market Report ZIP Code 34990 Residential November 2013

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for November 2013

 

For November 2013 in the 34990 Zip Code area of Palm City Florida :


There are currently 415 active listings (A decrease of 1 home from October)Palm City Florida Market Report ZIP Code 34990 Residential November 2013

 

149 Residential sales are pending and awaiting close or lender approval. (Increased by 5 homes from last month) Palm City Florida Market Report ZIP Code 34990 Residential November 2013

52 Homes Sold in November (Decreased by 2 homes from October)

Palm City Florida Market Report ZIP Code 34990 Residential November 2013

 
A second month of strong results (in the off season) for the Palm City, zip code 34990, area of Martin County Florida   Continues strong pending and sales activity.  The inventory remained stable after two months of increases.
 
The current absorption rate rose slightly to to 8 months from 7.7 months in October, a slight buyer’s market.  A slight buyers market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.  I don’t expect a buyers market to last, as I think sales will be picking up soon in Palm City once again.

The November 2012 numbers were:  404 active listings, 134 pending sales and 56 closed sales.   Similar activity to last year, though it’s interesting to note that the inventory is now higher.  Reversing a trend from the past year or two.

 

 Please use the charts below as reference only as they rely on all residential types of property in the 34990 real estate market:

Palm City Florida Market Report ZIP Code 34990 Residential November 2013
 

Palm City, FL Real Estate

 

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Palm City Florida Market Report ZIP Code 34990 Residential November 2013

 

Stuart Florida Market Report ZIP Code 34997 Condo November 2013

12.17.13 by

Stuart Florida Market Report ZIP Code 34997 Condo November 2013

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2013

 

For November 2013 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 91 active condo listings (Unchanged form October).

Stuart Florida Market Report ZIP Code 34997 Condo November 2013

 

12 Condo sales are pending and awaiting close or lender approval (Down by 5 condos from October).Stuart Florida Market Report ZIP Code 34997 Condo November 2013

 

6 Condos Sold in November (Decreased by 13  condos from October).

Stuart Florida Market Report ZIP Code 34997 Condo November 2013

Very poor activity for the Stuart condo market for the area in ZIP code 34997 for the month of November.  Both pending and closed sales were off significantly for the month as compared to last month.  The inventory remained unchanged.  Very unusual results as the 34997 residential market is one of the bright spots for November 2013.

The one month absorption rate jumped to 15.2 months from last months 4.8.  Back into a strong buyers’ market.   A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.   As I mentioned in October, we’re now back into a slower market in this segment after a fairly strong October.

The November 2012 numbers were: 97 active listings, 21 pending sales and 7 closed sales.   Fairly close activity compared to last year, though last year’s pendings were much better.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:
Stuart Florida Market Report ZIP Code 34997 Condo November 2013 
 

 

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for November 2013

 

 

Stuart Florida Market Report ZIP Code 34997 Residential November 2013

12.16.13 by

Stuart Florida Market Report ZIP Code 34997 Residential November 2013

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for November 2013

 

There are currently 396 active listings (Increased by 15 homes from October). Stuart Florida Market Report ZIP Code 34997 Residential November 2013

143 Residential sales are pending and awaiting close or lender approval (A decrease of 28 homes from October).

Stuart Florida Market Report ZIP Code 34997 Residential November 2013

 

71 Homes Sold in November (Up by 9 homes from October)

Stuart Florida Market Report ZIP Code 34997 Residential November 2013

Mostly positive signs from the Stuart Florida Market Report ZIP Code 34997 residential real estate market.  Unlike many other areas of Martin County the 34997 zip code had a significant rise in inventory in the past two months.  Closed sales were also up.  The only point of some concern was a drop in pending activity for November.
 
The current one month absorption rate dropped to 5.6 months making this segment of the Stuart residential market once again a seller’s market (up from last months 6.15 month absorption rate).  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.  
 
The 2012 numbers were: 359 active listings, 191 pending listings and 44 closed sales.   Interestingly there’s a significantly higher inventory for this segment of the Martin County real estate market.  Closed activity is much higher for this year.  While the number of potential future sales (pending inventory) is a bit worrisome this month.
 
 
Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:
Stuart Florida Market Report ZIP Code 34997 Residential November 2013
 
 

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Stuart Florida Market Report ZIP Code 34997 Residential November 2013

Stuart Florida Market Report ZIP Code 34996 Condo November 2013

12.15.13 by

Stuart Florida Market Report ZIP Code 34996 Condo November 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for November 2013

For November 2013 in the 34996 Zip Code area of Stuart, Florida :

There are currently 178 active condo listings (Up by 7 condos from last month).
Stuart Florida Market Report ZIP Code 34996 Condo November 2013

35 Condo sales are pending and awaiting close or lender approval (Increased by 3 condos from October).

Stuart Florida Market Report ZIP Code 34996 Condo November 2013

17 Condos Sold in November (Down by 5 condos from October)  Stuart Florida Market Report ZIP Code 34996 Condo November 2013

Mostly small changes for the real estate market in the Stuart Florida Market Report ZIP Code 34996 for Condos for November 2013.  Sales were down, while pending sales rose.   The inventory rose some this month gaining back some of the loss of inventory from last month.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo increased to 10.5 months from October’s 7.8.  A strong buyers market for November of 2013.  A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for November 2012 were: 209 active listings, 26 pending sales and 12 closed sales.  Still, considerably better activity this year when compared to 2012.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34996 real estate market: Stuart Florida Market Report ZIP Code 34996 Condo November 2013

Search here for Stuart Florida Real Estate for Sale ( Condos)

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Stuart Florida Market Report ZIP Code 34996 Condo November 2013

Stuart Florida Market Report ZIP Code 34996 Residential November 2013

12.14.13 by

Stuart Florida Market Report ZIP Code 34996 Residential November 2013

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for November 2013

 

For November, 2013 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 139 active listings (Increased by 10 homes from October). Stuart Florida Market Report ZIP Code 34996 Residential November 2013

 29 Residential sales are pending and awaiting close or lender approval (Increased by 2 homes from October).

Stuart Florida Market Report ZIP Code 34996 Residential November 2013 

9 Homes Sold in November (Decreased by 4 homes from October).
Stuart Florida Market Report ZIP Code 34996 Residential November 2013

For the 34996 zip code area of Stuart Florida real estate market, mixed results for November.  A nice increase in inventory which will give buyers a greater selection of available homes for sale.  Also, a small increase in pending sales which is a good sign for future activity.  Unfortunately closed sales were down for this month.

The one month absorption rate for the 34996 zip code area of Stuart Florida for November jumped to 15.4  months as compared to October’s 9.9 months.  A strong buyer’s market for the 34996 zip code area of Stuart.  A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for November of 2012 were: 157 active listings, 23 pending sales and 11 closed sales.   Marginally better numbers this year as compared to 2012 when the reduced inventory is factored in.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34996 real estate market:

Stuart Florida Market Report ZIP Code 34996 Residential November 2013 

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Stuart Florida Market Report ZIP Code 34996 Residential November 2013

Stuart Florida Market Report ZIP Code 34994 Condo, November 2013

12.13.13 by

Stuart Florida Market Report ZIP Code 34994 Condo, November 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for November 2013

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

 

There are currently 118 active condo listings (Decreased by 3 condos from October).

Stuart Florida Market Report ZIP Code 34994 Condo, November 2013

42 Condo sales are pending and awaiting close or lender approval. (Down by 1 condo from last month)
  Stuart Florida Market Report ZIP Code 34994 Condo, November 2013

 

20 Condos Sold in November (Increased by 6 condos from October).

Stuart Florida Market Report ZIP Code 34994 Condo, November 2013

A small and welcome increase in activity for the Stuart Condo market for zip code 34994.   Pending sales remained virtually unchanged while we had a nice rise in closed sales to 20 condos.  The inventory which rose the past two months, was once again down.

The one month absorption rate rose to 5.9 months compared to last months 8.6.  A marginal sellers’ market for the 34994 zip code condo market of Stuart FL.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last November the numbers were 153 active listings, 42 pending sales, and 11 closed sales.   Better activity this year than last, especially when considering the greatly reduced number of available condos for sale.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34994 real estate market:

Stuart Florida Market Report ZIP Code 34994 Condo, November 2013

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Stuart Florida Market Report ZIP Code 34994 – Condo, November 2013

Stuart Florida Market Report ZIP Code 34994 Residential November 2013

12.12.13 by

Stuart Florida Market Report ZIP Code 34994 Residential November 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for November 2013

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

 

There are currently 56 active listings (Down 6 from October)Stuart Florida Market Report ZIP Code 34994 Residential November 2013

 

35 Residential sales are pending and awaiting close or lender approval (Down 13 homes from October).

Stuart Florida Market Report ZIP Code 34994 Residential November 2013
 

13 Homes Sold in October (Increased by 5 home from October)

Stuart Florida Market Report ZIP Code 34994 Residential November 2013

The 34994 ZIP code area of the Stuart, Florida had a small increase in closed sales (a good thing) and a fairly big drop in pending sales (not such a good thing).  The inventory of available homes is now  down to only 56 homes, which is very low. 

The one month absorption rate for the 34994 zip code for November decreased to 4.3 months from last months 6.3 months. Now back into a sellers market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage. 

The November 2012 numbers were 71 Active Listings, 35 pending sales and 4 closed sales.   Considerably better closed activity this year, but lower future activity with the reduced number of pending sales.  Not that unexpected though with such a reduced inventory.

Please use the charts below as reference only as they rely on all residential types of property in the 34994 real estate market:

Stuart Florida Market Report ZIP Code 34994 Residential November 2013

 

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Stuart Florida Market Report ZIP Code 34994 Residential November 2013

Sewalls Point Residential Market Report November 2013

12.11.13 by

Sewalls Point Residential Market Report November 2013

Sewalls Point Real Estate Snapshot, Residential Sales for November 2013

 

There are currently 46 active listings (a decrease of 1 home for sale from October)Sewalls Point Residential Market Report November 2013

 

7 Residential sales are pending and awaiting close or lender approval (No change from last month)

Sewalls Point Residential Market Report November 2013

1 Homes sold in October (Down by 4 homes from October) Sewalls Point Residential Market Report November 2013

The November Sewalls Point residential market activity was a bit disappointing.  Only 1 closed sale for November.  Inventory decreased by 1 home and pending sales were also low at 7 homes (unchanged from last month).  Hopefully, this is a result of the slower holiday time period and not an indication of future market activity.

The absorption rate skyrocketed to 46 months compared to last months 9.4 months.  A serious buyers’ market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to November of 2012, the inventory was 41 homes on the market, 10 pending sales and there were 8 closed sales.  Not a good sign as last years’ activity was considerably better than 2013.

Please use the charts below as reference only as they rely on all residential types of property in the Sewalls Point real estate market:

Sewalls Point Residential Market Report November 2013

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Sewalls Point Market Report – Residential, November 2013

 

December 2013 Market Report for Lost River Plantation Stuart, FL

12.10.13 by

December 2013 Market Report for Lost River Plantation Stuart, FL

As of December 2013, there are 12 available homes for sale in the Lost River Plantation community of Stuart, FL.  Prices range from $413,000 to $715,000 for an average price per sq. ft. of $203.95.  3 of these homes are short sales.

There are 5 homes under contract ranging in listing price from $479,900 to $659,900 for an average of $183.60 per sq. ft. of living area.   2 of these homes are short sales and two are conventional sales.  The last one is a new home product from Kolter Homes.

In the past 12 months, there have been 6 sales ranging in sales prices from $520,000 to $570,000 for an average sales price of $191.73 per sq. ft. of living area.  All of these sales were conventional sales with 3 of the homes new construction from Kolter Homes.

 Lost River Plantation in Stuart, Florida consists of 111 homes all with private docks and Ocean access via the South Fork of the Saint Lucie River.  All, but just a handful of the homes have waterfront and dockage located in the backyard.  Suitable for deep draft ocean going vessels with some docks able to accommodate over 50’ vessels.  All homes are of newer construction (from 2004 to the present).  There are a limited number of new homes not on the MLS available now or to be built, please call us for details.

This is a spectacular waterfront community with very private and protected waterfront areas.  There is a community marina with a clubhouse that offers a fitness center, kitchen and social rooms.  For those wishing to commute to pints north or south, Lost River is very conveniently located near the Interstate for easy access.  Yet, it’s only 10 to 20 minutes’ drive to the pristine beaches and  quaint downtown areas of Stuart, Florida.  Also close to shopping, restaurants as well as medical facilities.  Lost River Plantation is a tremendous opportunity for newer waterfront construction.  A rare gem in this real estate market!

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December 2013 Market Report for Lost River Plantation Stuart, FL

Martin County Florida Condo Market Report for October 2013

12.10.13 by

Martin County Florida Condo Market Report for October 2013

 

Commentary:

The Martin County Florida Condo Market for October 2013 showed better numbers than in previous years on a year to year comparison.  Still a bit slower than we would like.  Inventory increased this month to 546 units (the second month in a row with gains).  It was back in 2005 when we had steady inventory levels below 600 units.  The median sales price decreased significantly in October to one of the lowest numbers in years.  This value is more a result of the mix of sales for October which were mostly in the lower price ranges, rather than a decrease in values.   Currently, prices on average appear to be holding steady with different communities showing some small gains (as well as some losses) depending on the individual community.

The one month absorption rate decreased to 9.93 months from last months 10.04 months, while the three-month average is now at 9.81 months.  The condo market for Martin County continues to be a buyers market.  Generally an absorption rate of 6 or 7 months is considered a balanced market.

Potential higher interest rates remain troubling for the market in general, but is not as strong an issue for our condo market as we have a fairly high percentage of cash buyers.  Though, uncertainty with the economy is a big factor for vacation buyers potentially using their discretionary spending for these purchases.

Martin County Florida Condo Market Report for October 2013

Click on the charts for a larger view: 

 The Definition of Absorption Rate:
Number of months it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate, helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. Absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.Martin County Florida Condo Market Report for October 2013

Martin County Florida Condo Market Report for October 2013Martin County Florida Condo Market Report for October 2013

 

Data compiled from the Realtor Association of Martin County

Martin County Florida Condo Market Report for October 2013

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Martin County Florida Residential Market Report for October 2013

12.09.13 by

Martin County Florida Residential Market Report for October 2013

 

Commentary:

The Martin County Florida Residential Market for October 2013 continues to produce better results as compared to recent years.   For October 2013, the inventory rose again (the third month in a row) signifying that some pent up seller demand is now once again re-entering the market as prices continue to increase.  And for October 2013 there were some significant increases.  As the inventory increase, we should continue to see higher sales numbers from previous years, though the absorption rate will start to rise as well.

The one month absorption rate for October 2013 increased to 6.86 months (from 5.99 months in September), and the three-month average is now 5.93 months.  A 6 to 7 month absorption rate is considered to be a balanced market. After almost a full year of a sellers market we are now in a balanced market which is healthy for Stuart FL real estate.

Martin County Florida Residential Market Report for October 2013

Please feel free to contact us if you have any difficulty interpreting these charts.

  Clicking on the chart will produce a larger view.

 The Definition of Absorption Rate:
Number of months it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate, helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. Absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.Martin County Florida Residential Market Report for October 2013

 Martin County Florida Residential Market Report for October 2013

Martin County Florida Residential Market Report for October 2013

Data compiled from the Realtor Association of Martin County

Martin County Florida Residential Market Report for October 2013

the Gabe Sanders real estate team

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

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Updated Cedar Pointe Condo Sold Full Price

12.08.13 by

Updated Cedar Pointe Condo Sold Full Price

2929 SE Ocean Blvd. Suite L-8 has sold for the full asking price of $45,000.  This is possibly the most updated one bedroom condo in Cedar Pointe as it was completely renovated in late 2012.  The new owner is thrilled and is moving in this weekend.

Front View of Updated Cedar Pointe Condo

 Cedar Pointe is an active adult community of 62, 2 story buildings divided into 8 villages with numerous clubhouses and pools as well as recreational areas.  One of the prime locations in the city of Stuart only minutes away from the pristine beaches of the Atlantic Ocean and close to shopping, restaurants and medical facilities.

Pool off Updated Cedar Pointe Condo

It is currently a very attractive time to consider buying a Cedar Pointe Condo as prices have returned to pre 2003 levels and with low-interest rates, these Sunshine State condos are ready for those wishing to move here full-time or looking for an affordable winter home.

Kitchen and Dining area of Updated Cedar Pointe CondoA

A totally updated and renovated 2nd floor Cedar Pointe 1 BR, 1 BA condo.  Tastefully re-done in 2012 with the highest quality workmanship and materials.  A sample of the major updates include a new kitchen with new appliances and cabinets, new spacious bathroom, walnut hardwood floors in living areas and new tile in kitchen and bathroom, plantation shutters over the new hurricane impact glass windows, faucets, shelving, ceilings and more. All of this in an excellent location that’s just steps from shopping, restaurants and medical facilities. Just a few minutes ride from the pristine beaches of Stuart or the quaint downtown area. Cedar Pointe is a 55+ community with numerous clubhouses and pools.  This unit allows one indoor cat with director approval.

Living area of Updated Cedar Pointe CondoA

View additional pictures of this Affordable Stuart Condo in Cedar Pointe.

Kitchen of Updated Cedar Pointe Condo

More pictures and information about this affordable Stuart Condo in Cedar Pointe

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Updated Cedar Pointe Condo Sold Full Price

Palm Cove Golf and Yacht Club Open House December 8

12.07.13 by

Palm Cove Golf and Yacht Club Open House December 8

Come and join us in this Palm Cove Golf and Yacht Club custom pool home in this prestigious Palm City, Florida Golf and Yachting community.  The open house will be on Sunday, December 8 from 1 to 4 PM.

This Palm Cove Golf and Yacht Club Custom Home at 209 SW Hatteras Court is listed for $535,000.

Spacious Home in Palm Cove with over 3600 sq. ft. of living area.

Live the good life in Palm Cove. Community marina, non-equity golf & river front clubhouse. Outstanding custom home built by McNamara, updated by current owner. Innovative design & attention to detail will captivate you. Large entry hall, formal dining room, wood paneled office/4th bdrm, bath. Open living room w/ wet bar, fireplace, hardwood floors, tray ceiling, recessed lights. French doors to screened pool. covered lanai. Gourmet kitchen w/ stainless appliances, marble counters, pantry, center island. Two guest suites with baths.Over sized master includes large sitting area, tray ceiling, two walk in closets. Elegant marble master bath, double vanities. New roof, gutters, AC. Come and see this very special Palm Cove Golf and Yacht Club home.

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Palm Cove Golf and Yacht Club Open House December 8