Islesworth Home Sold in Palm City

4 bedroom CBS pool home with spectacular lake views. Gracious open split floor plan, vaulted ceilings, kitchen open to breakfast bar and family room. Oak hardwood in Lr, Dr, Fr., tile. New interior paint. Newer roof and AC. Accordion shutters. Easy access to I-95 and turnpike. Close to A rated Palm City elementary and Hidden Oaks middle school. Enjoy the beaches, shopping , restaurants, minutes away. Community tot lot

The Islesworth subdivision in Palm City is a very attractive neighborhood located in the heart of Palm City, FL in a non-gated community off of Route 714 (Martin Highway). This was a Pulte community with 113 homes being built from 1996 through 1998. Most homes are on spacious lots from just under to over ¼ acre sites.

Many homes enjoy serene water views as there are two smaller lakes in this community. Both single and two story homes with the vast majority being 4 bedroom homes though there are a number of 5 bedroom homes as well as a few 3 bedroom homes. The current HOA fees are a very reasonable $463.00 per quarter. The fees include maintenance and insurance of the common areas, roads, reserve funds and basic cable TV.

Islesworth is right next door to Hidden Oaks Middle School and only a short bike ride to Palm City Elementary School. Children in Islesworth go to Martin County High School which is approximately 5 miles away.

Close to grocery and other shopping as well as medical facilities and places of worship, Islesworth offers very easy access to most resident’s needs. For those needing to commute, both Florida’s Turnpike and I-95 are both only a short distance away.

Here are the currently available homes in Islesworth Home Sold in Palm City

For any questions you may have about Islesworth Home Sold in Palm City, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Islesworth Home Sold in Palm City

Stuart Florida Market Report ZIP Code 34994 Residential September 2013

10.14.13 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Residential September 2013

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

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

There are currently 62 active listings (Up 3 from August)

36 Residential sales are pending and awaiting close or lender approval (Up 3 homes from August).

9 Homes Sold in August (Increased by 1 homes from August)

The 34994 ZIP code area of the Stuart, Florida had better activity for September than August. Somewhat surprising as this is usually a slower month. This is q a good indicator for the immediate future of the 34994 zip code market of Stuart. All indicators moved in a positive direction.

The one month absorption rate for the 34994 zip code for September decreased yo 6.9 months from last months 7.4 months. Almost a balnced market. A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The September 2012 numbers were 61 Active Listings, 37 pending sales and 12 closed sales. Unfortunately, for the 34994 zip code area of Stuart, FL the market had better activity last year as compared to September of 2013.

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

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Rental Properties for Rent in Stuart, Florida Between $0 – $500,000

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Stuart Florida Market Report ZIP Code 34994 Residential September 2013

Price Reduced in Palm Cove Golf and Yacht Club

10.14.13 by Gabe Sanders

Price Reduced in Palm Cove Golf and Yacht Club

This is a short sale and we have a previous lender approval. A quick closing is a strong possibility. Please call Gabe Sanders for details.

Absolutely fantastic opportunity for the buyer with a vision and desire to live in the prestigious Palm Cove Golf and Yacht Club community. This spacious pool home located at 209 SW Hatteras Court has now been reduced to $545,000

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 bedroom, 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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Price Reduced in Palm Cove Golf and Yacht Club

Sewalls Point Residential Market Report September 2013

10.13.13 by Gabe Sanders

Sewalls Point Residential Market Report September 2013

Sewalls Point Real Estate Snapshot, Residential Sales for September 2013

There are currently 49 active listings (an increase of 3 homes for sale from August)

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

2 Homes sold in August (A decrease of 5 homes from August)

The Sewalls Point residential real estate market is having a slow summer. For September 2013 sales were down significantly as only 2 homes sold. Pending sales were up by 1 home, though still not a very high number. We are into the slower months of our real estate market and there is also a lot of unease with the current economy, so we will hope for an increase in activity soon. Though it may not happen till after the holidays.

The absorption rate jumped dramatically to 24.5 months. Once again into a 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 September of 2012, the inventory was 50 homes on the market, 20 pending sales and there were 3 closed sales. The biggest difference from last year is the much lower pending inventory in 2013. Not a good sign for sales in the immediate future.

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

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Sewalls Point Market Report – Residential, September 2013

River Vista Condo Open House Oct 13

10.12.13 by Gabe Sanders

River Vista Condo Open House Oct 13

Join us in Jensen Beach at the River Vista Condos on Oct 13 from 1 to 4 PM at 1950 NE Indian River Drive, Unit 203 in Jensen Beach, FL for an open house.

Discover this rare opportunity to own at River Vista in Jensen Beach. Recently updated 2/2 with split floor plan, room for a washer and dryer in unit. Community offers pool, laundry room, elevator and is within walking distance of public boat launch, sailing center, Indian Riverside Park and Children’s Museum. Ready for immediate occupancy.

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River Vista Condo Open House Oct 13

October 2013 Market Update Admiralty Condos Palm City FL

10.11.13 by Gabe Sanders

October 2013 Market Update Admiralty Condos Palm City FL

As of October 2013, there is only 1 condo on the market in the Admiralty Condos. This condo is listed for $715,000 which equates to $250 per square foot of living area.

There are two condos under contract and awaiting settlement. The listing prices are $$439,000 and $699,000 which equates to an average of $240.32 per sq. ft. of living area.

In the past 12 months, 5 Admiralty condos have sold. Sales prices ranged from $405,000 to $675,000 for an average sales price of $220.75 per sq. ft. and a 94% list to sales ratio. None of the above listings or sales were short sales or foreclosures.

The Admiralty Condos are situated directly by the beautiful Saint Lucie River are an ocean lover’s haven. Located in desirable Palm City, The Admiralty features large balconies facing the pristine waters of the saint Lucie River with perfect sunrise views. The varieties of 3 and 4 bedroom floor plans come with amenities such as 2 full car garages and additional storage space.

With safety and security in mind, the community is gated and the luxurious and spacious condo’s come equipped with hurricane windows and doors along with a 22 slip protected marina for the residents use. Enjoy the heated pool, clubhouse, meeting room, and exercise room.

Current Condo association fees in the Admiralty range from the $700 to under $900 dollars per month depending on the unit size. There are five buildings which make up the Admiralty condo complex in Palm City, Florida. Three of which were built in 1989-1990. The two newer buildings were completed in 2005. These condos offer unparalleled luxury and spaciousness for the price. Equivalent condos on the Ocean with these amenities are either non-existent or will cost well over $1 million dollars.

The Admiralty is close to fantastic schools such as Martin County High School, Hidden Oaks Middle School, and Bessey Creek Elementary. There are also plenty of restaurants and entertainment areas in and around this wonderful area!

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Admiralty Condos Homes for Sale in Palm City Florida

October 2013 Market Update Admiralty Condos Palm City FL

October 2013 Market Update Stuart West Palm City

10.10.13 by Gabe Sanders

October 2013 Market Update Stuart West Palm City

There are currently 6 homes for sale in Stuart West. List prices range from $469,900 to 659,000 with an average asking price of $150.97 per sq. ft. of living area. None of the current listings are short sales or bank owned properties.

1 Home is under contract and awaiting sale. The listed price was $499,900 for an average of $131.14 per sq. ft. of living area. This is a bank owned foreclosure.

In the past 12 months, 11 homes have sold in the Stuart West. Sale prices ranged from $210,000 to $850,000 and the average sale price per sq. ft. of living area was $127.90. 3 of these sales were short sales and 1 was a bank owned property.

Stuart West is an upscale gated equestrian community located adjacent to the Stuart West and the Fox Club in western Palm City. Just off the I-95 exit, Stuart West is an easy commute for those who work either south or north of Martin County, yet want to enjoy the superior amenities that Palm City has to offer.

Stuart West resides on over 1,000 acres of pristine land with 249 home sites ranging from 2 to over 10 acres. There is over 11 miles of waterways located throughout the community which makes for an idyllic setting for this family friendly equestrian community.

Community amenities include a playground, community boat ramp to the C-23 canal, a 10 acre equestrian center, 24 hour manned security gate (shared with Cobblestone) and security patrols, and an underground cable and routing system for the best high end internet connectivity. All of this in Martin County’s ‘A’ rated school system. And school bus service is provided inside the community.

Currently, Stuart West’s children attend Citrus Grove Elementary, Hidden Oaks Middle and South Fork High Schools.

Home construction started in Stuart West in 1984 and continues to this day with approximately 52 vacant lots yet to be built upon. Though many of these lots are being kept as pastures by the adjacent homeowners. Home sizes range from 3 Bedroom, 2 Bath homes of around 2,000 sq. ft. of living area all the way to 7 Bedroom, 5 Bathroom estates with over 5,500 sq. ft. under air. The HOA fee is a very reasonable $121 per month which covers security and all the amenities this wonderful community has to offer.

More information about Stuart West can be found on their property owners’ website here.

Stuart West Homes for Sale

Vacant Land for Sale in Stuart West

October 2013 Market Update Stuart West Palm City

Martin County Florida Condo Market Report for August 2013

10.09.13 by Gabe Sanders

Martin County Florida Condo Market Report for August 2013

Commentary:

The Martin County Florida Condo Market for August 2013 showed better numbers than in previous years on a year to year comparison. Still a bit slower than we would like. Inventory decreased to 511 units (after a nice little jump last month). It was back in 2005 when we had steady inventory levels below 600 units. The median sales price decreased in August indicating the mix of sales has once again shifted to the less expensive mainland condos, though still above last year’s value significantly. Much of the median price results are driven by the mix of units selling. We had a good number of higher end waterfront condos sell in previous months. And, while prices are not declining any more in the overall market, they also are not making any large increases at this time. Prices remain very sensitive to the community and the available competition.

The one month absorption rate increased to 9.46 months from last months 8.92 months, while the three-month average is now at 8.5 months. We’ve slipped back into a buyers market for martin County condos. Generally an absorption rate of 6 or 7 months is considered a balanced market.

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. If the economy continues it’s improvement, I expect another good season for the condo market in Martin County for the upcoming year.

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.

Data compiled from the Realtor Association of Martin County

Martin County Florida Condo Market Report for August 2013

the Gabe Sanders real estate team

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

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Martin County Florida Residential Market Report for August 2013

10.08.13 by Gabe Sanders

Martin County Florida Residential Market Report for August 2013

Commentary:

The Martin County Florida Residential Market for August 2013 continues to produce better results as compared to recent years. For July 2013, the inventory dropped below 1,000 homes for the first time since August of 2005, but we are now back to just over 1,000 homes on the market. If prices begin to rise with any significance in the broad market (they are already rising in certain segments), I expect the inventory to increase as more potential sellers that have been on the sidelines will enter the market.

Both median and average sales prices declined in August from last month, but are still improved year to year. The one month absorption rate for August 2013 decreased to 5.1 months (from 5.3 months in June), and the three-month average is 5 months. A 6 month absorption rate is considered to be a balanced market, so we continue to be in a sellers market in Martin County. Considering the fact that we have entered our slower season, we continue to have better activity as compared to previous years.

We’ve had a very good run in the market to date this year. There are a few storm clouds on the horizon, though. Mainly higher interest rates and a very uncertain economy along with questionable activities coming from our legislators in Washington D.C.

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

Clicking on the chart will produce a larger view.

Data compiled from the Realtor Association of Martin County

Martin County Florida Residential Market Report for August 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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August 2013 Monthly Market Detail St Lucie County Townhouses and Condos

10.07.13 by Gabe Sanders

August 2013 Monthly Market Detail St Lucie County Townhouses and Condos

The August 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed some mixed results for this month. Year to year closed sales were down by 4% (was up by 8.9% in July) while new sales under contract (new pending sales) increased by 4.9% (was 29.9% in July

Prices continued to rise, year to year, with the median sales price up by an impressive 69.4% (up 62.6% in July) and the average sales price rose by 38.2% (was up by 20% in July).

The inventory of available townhouses and condos rose by 3 from last month to 804 units which is a decrease of 19.8% from last August. Current supply of inventory is now 7.9 months (a 28.9% decrease from last year). While not as strong a sector as the single family market, there have been some very impressive price gains in the townhouse and condo market for Saint Lucie County. This is still a buyers market for now, so there are plenty of good opportunities for those shopping for a townhome or condo.

Please see the entire Saint Lucie County townhome and condo market detail by clicking the links below:

Click here to view or download the full report:
August 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.

August 2013 Monthly Market Detail St Lucie County Townhouses and Condos

August 2013 Monthly Market Detail St Lucie County Single Family Homes

10.06.13 by Gabe Sanders

August 2013 Monthly Market Detail St Lucie County Single Family Homes

The August 2013 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors continues the positive trend that has been apparent all this year, though at a more moderate rate for August. Closed sales were up by 3.5% (in July they were up by 4.3%) and new sales under contract (new pending sales) increased by 17.8% (they were up by 55.6% last month).

Both median and average sales prices were up (year to year) by 12.7% and 9.2% respectively.

The inventory of active listings declined in August to 1841 homes, down by 31.3% from last year. Current supply of inventory is only 4.3 months (a 31.3% decrease from last year) and unchanged from July. For August 2013 this remains a strong sellers market in the St Lucie County area. Lower inventory typically results 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 expect to see continued increases in inventory.

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:
August 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.

August 2013 Monthly Market Detail St Lucie County Single Family Homes

Palm Cove Golf and Yacht Club Open House Oct 6

10.05.13 by Gabe Sanders

Palm Cove Golf and Yacht Club Open House Oct 6

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, Oct 6 from 1 to 4 PM.

This Palm Cove Golf and Yacht Club Custom Home at 209 SW Hatteras Court is listed for $555,000. Ask about our special offer valid during this open house. Available only during the open house for those that attend.

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 Oct 6

Rocky Point Open House Oct 6

10.04.13 by Gabe Sanders

Rocky Point Open House Oct 6

Join us on Sunday, October 6 from 1 to 4 PM at 5695 SE Matousek St. in Rocky Point, Stuart, FL for an open house. Get a first hand look at this totally remodeled home with easy access to fishing and boating just off the Saint Lucie Inlet.

An amazing opportunity in Rocky Point Estates. This two story Key West style pool homes has seen a total makeover in the past few years. The second floor is a spacious 2 BR, 1 BA, space with a full country kitchen, living and dining areas and laundry room. There’s a 360 degree covered wrap around porch to enjoy the cool ocean breezes year round. Floors are Dade County Pine. The living room has a Vermont Casting wood stove for those rare winter days when a little warmth may be required. A newer 30 year metal roof (2005). The attic, trusses, decks and staircase are all Cypress (which is no longer available for home construction). This structure is supported by reinforced poured concrete.

The CBS first floor has been recently updated. Boasting a great room concept with 1 BR and 1 Bath and new kitchen with granite counters and stainless appliances. Spacious bathroom with Carrera marble. Perfect for the extended family needing two living spaces or a possible income producing apartment. Only steps away from the Rocky Point Estates marina and boat ramp. As of this writing docks are available for sale or lease. Please call for an extensive list of features and updates for this home.

Living area of Rocky Point Pool Home

There’s a gas heated pool and spa on the perfectly manicured grounds. Two driveways. Backup generator that will power both levels. Security system. Attached car port that can easily be enclosed to a garage.

Rocky Point Estates is a boating community with a marina and boat ramp that is only minutes from the crystal clear waters of the Atlantic. A mecca for fisherman from the world over. There’s also a large picnic area with a covered portico as well as fishing piers with cleaning stations. All only steps from this home. Docks are available to purchase and lease for only the residents and members of the Rocky Point Estates Homeowners Association. HOA fees are a minimal $75.00 per year.

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Rocky Point Open House Oct 6

August 2013 Monthly Market Detail Martin County Townhouses and Condos

10.03.13 by Gabe Sanders

August 2013 Monthly Market Detail Martin County Townhouses and Condos

The August 2013 Monthly Market Detail Martin County Townhouses and Condos continues to show positive year to year results. Though the gains for August are not quite as dynamic as they have been in the earlier months of 2013. Year to year closed sales were up by 1.3% ( down by 20.8% in July) while new sales under contract (new pending sales) increased by 4.9% (was 65.6% in July).

The median sales price increased by 16.3% (was up by 20.7% in July) while the average sales price rose by 13.4% (was up 10.2% in July) as compared to August of 2012.

The inventory of available townhouses and condos have decreased to 534 units which is a decrease of 34.1% from last August. Current supply of inventory is only 5.4 months (a 43.5% decrease from last year). For the Martin County townhouse and condo market we are now in a seller’s market. This will put significant pressure into possible rising values as long as a seller’s market persists.

Click here to view or download the full report:
August 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.

August 2013 Monthly Market Detail Martin County Townhouses and Condos

River Pines Townhome Open House Oct 6

10.02.13 by Gabe Sanders

River Pines Townhome Open House Oct 6

Join us in River on Oct 6 from 1 to 4 PM at 5916 SE Riverboat Drive in Stuart, FL for an open house.

Spacious town home with private quiet location in River Pines. Only a short walk or bike ride to the Saint Lucie River with access for kayak launch. Boat ramps also nearby. All ages welcome and 2 small pets permitted. 2 reserved parking spots with additional guest parking. 2 Community pools, tennis courts and racquetball/handball courts.

A very well run community with excellent financials. Residents have the option of joining the Miles Grant golf club (just across the street). A partial list of updates include: Roof was replaced and updated in 2001, new AC in 2009, All sinks and toilets updated, Updated appliances, Patio is enclosed with argon glass filled roof and 75 mph windows and three glass skylights, Extra storage in patio as well as exterior shed.

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River Pines Townhome Open House Oct 6

August 2013 Monthly Market Detail Martin County Single Family Homes

10.02.13 by Gabe Sanders

August 2013 Monthly Market Detail Martin County Single Family Homes

Positive reports for the August 2013 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors, though not quite as robust as last month. Closed sales were up by 9.1% (was 18.2% in July) and new sales under contract (new pending sales) increased by 35.2% (42.1% in July).

Both the median and average sales prices (year to year) increased this month by percentages of 17% and 29.8% respectively.

The inventory of available single family homes have decreased to 1102 units which is down by 21.1% from last August. Current supply of inventory is only 6.2 months (a 31.4% decrease from last year). We are now in a balanced market for residential sales in Martin County. There’s no reason not to expect a seller’s market should the inventory continue to decrease.

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:
August 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.

August 2013 Monthly Market Detail Martin County Single Family Homes

4144 SW Osprey Creek Way For Sale

10.01.13 by Gabe Sanders

4144 SW Osprey Creek Way For Sale

New on the market, 4144 SW Osprey Creek Way in the Martin Down Country Club is available for purchase.

Rarely on the market. 2 bedroom plus den/office or possible 3 bedroom, 2 bathroom, 1 car garage home in Martin Downs Country Club. Private rear paver patio that’s perfect for entertaining. Large kitchen with breakfast area, separate dining, Florida and living rooms.

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. Live the country club lifestyle at an affordable price.

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4144 SW Osprey Creek Way For Sale

Palm Cove Golf and Yacht Club Estate Home – New Price

09.30.13 by Gabe Sanders

Palm Cove Golf and Yacht Club Estate Home – New Price

This is a short sale and we have a previous lender approval. A quick closing is a strong possibility. Please call Gabe Sanders for details.

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

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Palm Cove Golf and Yacht Club Estate Home – New Price

August 2013 Monthly Market Detail Florida Townhouses and Condos

09.29.13 by Gabe Sanders

August 2013 Monthly Market Detail Florida Townhouses and Condos

The August 2013 Monthly Market Detail Florida Townhouses and Condos for the state of Florida continues to show gains though not as robust as they were in the spring of this year. Year to year closed sales were up by 6.3% as compared to last months increase of 16.8% and new sales under contract (new pending sales) increased by 11.6% (July’s increase was 20.7%).

Both median and average sales prices were up (year to year) by a healthy 25.2% and 18.6% respectively.

One item of concern is the active inventory which has decreased again, for August by 13.8%. 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:
August 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.

August 2013 Monthly Market Detail Florida Townhouses and Condos

August 2013 Monthly Market Detail Florida Single Family Homes

09.28.13 by Gabe Sanders

August 2013 Monthly Market Detail Florida Single Family Homes

More good news for the Florida real estate market as reported by Florida Realtors for the August 2013 Monthly Market Detail Florida Single Family Homes for the entire state of Florida. All indices have once again moved in a positive direction with the exception of inventory (active listings), though not by quite as large percentages as last month. Year to year closed sales were up by 12.5% (was 20.9% in July) and new sales under contract (new pending sales) increased by 17.2% (was 25.9% in June).

Both median and average sales prices were up (August 2012 to August 2013) by 18.6% and 13.6% respectively. August results are very positive though slightly less robust than July

The inventory of available homes for sale remains a concern as it continues to decrease, down by 12.3% from last year. 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.

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

Click here to view or download the full report:
August 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.

772-888-2885

Islesworth Home Sold in Palm City

Islesworth Home Sold in Palm City

Stuart Florida Market Report ZIP Code 34994 Residential September 2013

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

Stuart, FL Real Estate

Rental Properties

Condominium Properties

Vacant Land Properties

Commercial Properties

Residential Properties

Stuart Florida Market Report ZIP Code 34994 Residential September 2013

Price Reduced in Palm Cove Golf and Yacht Club

Price Reduced in Palm Cove Golf and Yacht Club

Sewalls Point, FL Real Estate

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Sewalls Point Market Report – Residential, September 2013

River Vista Condo Open House Oct 13

River Vista Condo Open House Oct 13

October 2013 Market Update Admiralty Condos Palm City FL

October 2013 Market Update Stuart West Palm City

October 2013 Market Update Stuart West Palm City

Martin County Florida Condo Market Report for August 2013

Martin County Florida Residential Market Report for August 2013

August 2013 Monthly Market Detail St Lucie County Townhouses and Condos

August 2013 Monthly Market Detail St Lucie County Townhouses and Condos

August 2013 Monthly Market Detail St Lucie County Single Family Homes

August 2013 Monthly Market Detail St Lucie County Single Family Homes

Palm Cove Golf and Yacht Club Open House Oct 6

This Palm Cove Golf and Yacht Club Custom Home at 209 SW Hatteras Court is listed for $555,000. Ask about our special offer valid during this open house. Available only during the open house for those that attend.

Palm Cove Golf and Yacht Club Open House Oct 6

Rocky Point Open House Oct 6

Rocky Point Open House Oct 6

August 2013 Monthly Market Detail Martin County Townhouses and Condos

August 2013 Monthly Market Detail Martin County Townhouses and Condos

River Pines Townhome Open House Oct 6

River Pines Townhome Open House Oct 6

August 2013 Monthly Market Detail Martin County Single Family Homes

August 2013 Monthly Market Detail Martin County Single Family Homes

4144 SW Osprey Creek Way For Sale

4144 SW Osprey Creek Way For Sale

Palm Cove Golf and Yacht Club Estate Home – New Price

Palm Cove Golf and Yacht Club Estate Home – New Price

August 2013 Monthly Market Detail Florida Townhouses and Condos

August 2013 Monthly Market Detail Florida Townhouses and Condos

August 2013 Monthly Market Detail Florida Single Family Homes

August 2013 Monthly Market Detail Florida Single Family Homes

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