Real Estate in and around Stuart Florida
Come out to see the 2013 Stuart Christmas Parade on Friday Dec. 6th at 7PM.
This year’s theme is “Christmas Past, Present and Future: Celebrating 100 Years on the St. Lucie”
Best place to view the parade is on SE Ocean Blvd between Georgia Avenue and Monterey Road.
As of December 2013, there are 4 homes on the market in Westwood Country Estates in Palm City, FL. Listing prices range from $425,000 to $584,900 with an average of $192.63 per sq. ft. of living area. None of these active listings are distressed sales.
There are no homes currently under contract (pending sales)
There have been 3 homes sold in the past 12 months in Westwood Country estates. Sales prices ranged from $230,000 to $370,000 for an average of $111.26 per sq. ft. of living area. One of these sales was a short sale and one was a bank owned foreclosure.
Westwood Country Estates in Palm City, FL is a wide open, gorgeous community that features statuesque homes that are beautifully placed on oversized lots of ½ acre or more, that will give you and your family plenty of room to grow! Wonderfully landscaped throughout, Westwood Country Estates will make you feel proud to come home to. Every home is unique and there is sure to be one you will fall in love with!
Palm City is a great place to raise a family with its “A” rated schools and proximity to I-95 and Florida’s Turnpike which opens you to all the opportunities of both Martin County and it’s neighbors, just a short drive North or South! Martin County has lots of recreational areas and opportunities to enjoy many opportunities outdoors with your family!
Westwood Country Estates Homes for Sale
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As of December 2013, there are no homes available for sale in Sewalls Landing.
Also, no homes currently under contract (pending sales)
In the past 12 months, 3 Sewalls Landing homes have sold. Sales prices ranged from $520,000 to $605,000 for an average sales price of $160.52 per sq. ft. and at a 91% list to sales ratio. One of these sales was a short sale.
This gated community consists of 51 home-sites (including 3 lots that are still vacant). Homes in Sewalls Landing were built from 1992 to 2008 and are situated on generous sized lots from just under ½ acre to over ¾ of an acre. Home sizes range from 2,000 to over 5,000 square feet of living areas. Many homes feature 3 car garages. Residents enjoy low HOA fees of $110 per month.
Children attend Felix Williams Elementary, Stuart Middle and Jensen Beach High Schools. Easy access to the beaches as it’s just about equidistant from both the Stuart and Jensen Beach Causeways. Close to shopping and medical facilities as well. This is a much sought after community in Martin County, FL.
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Sewalls Point Real Estate is presented by:
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The October 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed a second month drop from last years numbers. Year to year closed sales were down by 12.7% (was down by 28.6% in September) while new sales under contract (new pending sales) decreased by 13.6% (was down by 18% in September
Prices continued to rise however, year to year, with the median sales price up by 14.3% (up 12.6% in September) and the average sales price rose by 26% (was up by 14.6% in September).
The inventory of available townhouses and condos increased from last month to 835 units which is a decrease of 8% from last October. Current supply of inventory is now 8.5 months (a 9.7% decrease from last year). This segment of the market continues to be a buyers market and I anticipate some moderation in price increases in the coming months unless the sale volume picks up.
Please see the entire Saint Lucie County townhouse and condo market detail by clicking the links below:
Click here to view or download the full report:
October 2013 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.
The October 2013 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors has moderated in the past couple of months as compared to last years activity. Closed sales were unchanged from last year (in September they were up by 4.1%) and new sales under contract (new pending sales) decreased by 6.9% (they were up by 12% last month).
Both median and average sales prices were up (year to year) by 29% and 24.6% respectively year to year. 
The inventory of active listings rose in October (from last month) to 2104 homes, still down by 8.1% from last year. Current supply of inventory is only 4.9 months (a 18.3% decrease from last year). For October 2013 this remains a strong sellers market in the St Lucie County area. However with the significant rise in prices as well as increasing mortgage rates, the current trend appears to be leveling off as inventory also is starting to rebound. I expect continued good activity for the Saint Lucie County single family market but I wouldn’t be surprised to see a moderation in the rising values.
Please click on the links below to read the full Saint Lucie County single family market detail:
Click here to view or download the full report:
October 2013 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.
There are currently 10 homes for sale in the Cobblestone Country Club of palm City, FL. List prices range from $350,000 to 639,000 with an average asking price of $152.54 per sq. ft. of living area. Only one short sale.
3 Homes are under contract and awaiting sale. List prices were $450,000 and 499,000 for an average of $139.49 per sq. ft. of living area. Two of these homes are short sales.
In the past 12 months, 9 homes have sold in the Cobblestone Country Club. Sale prices ranged from $299,000 to $673,000 and the average sale price per sq. ft. of living area was $116,63. There were 2 short sales and 3 bank owned foreclosures in this group of sales.
Located just west of the center of Palm City, Cobblestone Country Club is a peaceful neighborhood of 512 acres with only 238 residences providing generous amounts of space around each home. This upscale community is adjacent to exit 110 on I-95 with easy access to all that Palm Beach County to the South and Orlando to the North, has to offer while enjoying the laid back low growth lifestyle, lower taxes and superior school systems that Martin County offers. Residents enjoy coming home to picturesque views of lakes, preserves and the 18-hole private Fox Golf Course in the Cobblestone Country Club. Homes in Cobblestone consist of new custom built homes and a selection of quality newer resales.
Cobblestone Country Club Homes for Sale
The October 2013 Monthly Market Detail Martin County Townhouses and Condos continues to showed some weakness of the year to year results. After some surprisingly strong results from last month. We are now well into our slower season, however we are comparing to last years results for the same period. Year to year closed sales were up by 1.1% ( up by 36.2% in September) while new sales under contract (new pending sales) decreased by 36.2% (was down 8% in September).
The median sales price increased by 1.3% (was up by 49.5% in September) while the average sales price rose by 10.7% (was up 30.6% in September) as compared to October of 2012.
The inventory of available townhouses and condos has increased slightly to 596 units from last month, while still a decrease of 21.1% from last October. Current supply of inventory is only 5.9 months (a 33.9% decrease from last year). For the Martin County townhouse and condo market we have transitioned into numerous months of a seller’s market. This is exerting significant pressure into rising values for this segment of the real estate market.
Click here to view or download the full report:
October 2013 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.
December 2013 Market Update for the Sandpebble Condo and Beach Club on Hutchinson Island in Stuart, Florida:
There are 6 active listings (2 river side and 4 ocean side). Prices range from $249,000 to $389,000
There is 1 pending sale on the river side. List price is $224,900.
In the past 12 months 12 condos have sold in Sandpebble. 7 river side and 5 on the ocean side.
River side sales were from $181,000 to $230,000 averaging $188 per square foot of living area.
On the ocean side the 5 sales were for $325,500 to $384,000 averaging $236 per square foot of living area.
On the beautiful and unspoiled portion of South Hutchinson Island lies one of the best kept secrets in Martin County. Located on a pristine 37 acres that reaches from the Atlantic Ocean to the Indian River (Intracoastal Waterway).
Sandpebble Condos consist of 3 Ocean Front Buildings and 7 River Front buildings. A total of 5 heated pools (3 river side and 2 ocean side), along with deep water docks for 66 vessels. Docks are available to residents only on a first come first served basis and are available for lease at a very reasonable $1.50 per foot per month.
On the spacious grounds there is plenty of green space for outdoor activities, two hard court tennis courts and a fully equipped club house with kitchen and on-site management. Both Oceanside and riverside sections are gated for secured entry only. Residents have the use of both the river and Oceanside sections regardless of the location of their own units.
Construction of the Sandpebble complex began in 1982 and just recently all buildings were completely refurbished with metal roofs, Hardi-Plank replacement for exterior wood surfaces, complete concrete (re-bar) restoration, the installation of a bulkhead protecting and enhancing the river-side property and structures, updated landscaping and the painting of all the buildings.
For additional information and availability of Sandpebble Condominiums and other attractive Oceanfront Homes, Condos or Vacant Land, contact Gabe Sanders.
The October 2013 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors showed slightly slower activity than in most previous months this year, though still much improved from last year. Closed sales were up by 8.5% (was 58.5% in September) and new sales under contract (new pending sales) increased by 36.2% (24.1% in September).
The median sales price was up by 20.6% from last year while unfortunately the average declined by 30.5%.
The inventory of available single family homes increased this month to 1242 units but this is still down by 4.2% from last October. Current supply of inventory is only 6.7 months (a 18.9% decrease from last year). We are now in a balanced market for residential sales in Martin County. Considering that this is typically the slower season for Martin County, I’m expecting a return to a sellers market once the holiday season is over.
Please look at the full Martin County single family market detail by clicking on the links below:
Click here to view or download the full report:
October 2013 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.
The October 2013 Monthly Market Detail Florida Townhouses and Condos for the state of Florida continues to show gains though not as robust as they were earlier in the year. Year to year closed sales were up by 3.1% as compared to last months increase of 11.4% and new sales under contract (new pending sales) decreased by 3.6% (September’s increase was 4.6%).
Both median and average sales prices were up (year to year) by 22.1% and 12% respectively.
One item of concern is the active inventory which has decreased again (though slightly), for October by .09%. The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale. This will also result in strong upward pressure on prices and at some point renewed activity in new construction. If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.
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:
October 2013 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.
The Florida real estate market continues to improve as reported by Florida Realtors for the October 2013 Monthly Market Detail Florida Single Family Homes, though at not quite as great a rate as in past months. All indices have once again moved in a positive direction. Year to year closed sales were up by 6.5% (was 18.8% in September) and new sales under contract (new pending sales) increased by 3.4% (was 10.5% in September).
Both median and average sales prices were up (October 2012 to October 2013) by 16.6% and 12.6% respectively. Very strong numbers that I expect will moderate in the next few months unless the overall state economy shows some improvements as well.
The inventory of available homes for sale increased by 3.3% from last year. This is the first month in some time that we’ve seen an increase in inventory. I’ve been expecting this, and as inventory increases the pressure on rising prices will ease as well. Making the double digit gains of this past year a little more difficult to sustain.
Please look at the full detail report for the rest of the story:
Click here to view or download the full report:
October 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.
Just in time for Thanksgiving, the lucky new owners of Ocean View Condo Unit E-302 have closed and are ready to enjoy the warm waters of the Atlantic ocean with their fabulous winter get-away. This condo sold for $255,00.
OCEAN VIEW – 3rd floor, completely furnished with both Ocean and Intracoastal views. Features include: new sliding glass doors, new windows to be installed (June 2013), new railing with screen on balcony, plantation shutters, raised panel white cabinets in kitchen, washer/dryer and under building parking . Community amenities include: BBQ Grill, clubhouse with kitchen, riverside pool, Oceanside pool, tennis court and beach access. Concrete restoration is completed on this building. All sizes, taxes and HOA are approximate.
Located on the unspoiled Barrier Island of Hutchinson Island in Jensen Beach, Florida in Martin County, the Ocean View Condominium complex consists is a complex of five separate condominium buildings. Two of which are on the ocean and the remaining three on the Intracoastal waterway. Amenities include heated pools, docks available for sale or lease as well as tennis. All conveniently located between the Stuart and Jensen beach Causeways in beautiful Martin County, FL
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Hutchinson Island Florida Real Estate is presented by:
the Gabe Sanders real estate team
For September 2013 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 15 active condo listings. (Up by 1 condos from September)
4 Condo sales are pending and awaiting close or lender approval. (Up by 1 condo from September)
1 Condos sold in September (Decreased by 4 condos from September)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. For October, there was little change in the market, but unfortunately closed sales dropped to only 1 unit.
The absorption rate for October jumped to 15 moths from last months sellers market of 2.8 months. Back to a strong buyers advantage for those in the Hobe Sound condo market.. Generally, a 6 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 October 2012 numbers were: 29 active listings, 7 pending sales and 2 closed sales. With only half of last years inventory, it’s difficult to generate any good market activity for Hobe Sound condos.
Please use the charts below as reference only as they rely on all residential types of property in the 33455 real estate market:
Search here for Hobe Sound Florida Real Estate for Sale ( Condos)
Hobe Sound Florida Real Estate presented by:
Gabe Sanders
For October 2013 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 249 active listings. (Up by 4 homes from September)
84 Residential sales are pending and awaiting close (Increased by 15 homes from September)
26 Homes Sold in October (Down by 23 homes from last month)
The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County remains quite active and is one of the strongest performing areas of our county. After last month’s large decrease in pending sales, we had a significant decrease in closed sales this moth as well. Hopefully, this is just a seasonal effect and will not signify slower sales for the near future.
The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 is at 9.6 months (5 months in September). This is an unexpected jump back into a fairly strong buyer’s market. An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.
The numbers for October 2012 were: 300 active listings, 79 pending sales and 26 closed sales. Slightly better numbers for this year when the reduced inventory is factored into the activity.
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 Real Estate presented by:
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For October 2013 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
There are currently 36 active listings. ( Increased by 1 condos from September)
13 Condo sales are pending and awaiting close or lender approval. (Down by 4 condo from September)
7 Condos Sold (Increased by 2 condos from September)
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 two months. Pending sales were off for the second month while closed sales rose slightly.
The one month absorption rate for the October 2013, Jensen Beach Florida Market Report ZIP Code 34957 jumped to 5.1 months (7 months in September), signifying a step into a slight sellers market. A balanced market is considered to be a 6 month absorption rate favoring neither the buyer or seller.
The October 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:
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Jensen Beach Florida Real Estate presented by:
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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 City Florida Real Estate
is presented by:
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For October 2013in the 34957 Zip Code area of Jensen Beach, Florida :
There are currently 127 active listings. (An increase of 3 homes from last month)
75 Residential sales are pending and awaiting close or lender approval. (Up by 6 homes from September)
17 Homes Sold (Decreased by 11 homes from September)
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Jensen Beach Florida Real Estate presented by:
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For October 2013 in the 34990 Zip Code area of Palm City, Florida :
There are currently 59 active condo listings. (Up by 4 condos from September)
6 Condo sales are pending and awaiting close or lender approval. (Decreased by 2 condos from last month)
4 Condos Sold in October. (Down by 1 condo from September)
The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes. Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results. The October market activity showed the second month in a row of increased inventory, though unfortunately both pending and closed sales were off.
Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:
Search here for Palm City Florida Real Estate for Sale ( Condos)
Palm City Florida Real Estate presented by:
Gabe Sanders
For October 2013 in the 34990 Zip Code area of Palm City Florida :
There are currently 416 active listings (An increase of 37 homes from September)
144 Residential sales are pending and awaiting close or lender approval. (Decreased by 3 homes from last month) 
54 Homes Sold in October (Increased by 6 homes from September)
The October 2012 numbers were: 420 active listings, 150 pending sales and 49 closed sales. Very similar activity to last year.
Please use the charts below as reference only as they rely on all residential types of property in the 34990 real estate market:
Search here for Palm City Florida Real Estate for Sale
Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team
