Like New Cedar Pointe Condo Soon to be Available

05.13.13 by

Like New Cedar Pointe Condo Soon to be Available

2929 SE Ocean Blvd. Suite L-8 will soon be available for sale.  May just be the most updated condo in all of Cedar Pointe.  All work completed in late 2012.

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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Like New Cedar Pointe Condo Soon to be Available

Custom Newer Stuart FL Waterfront Estate Price Reduced

05.13.13 by

Custom Newer Stuart FL Waterfront Estate Price Reduced

Custom Newer Stuart FL Waterfront Estate

6800 SW Gaines Ave is a Custom Newer Stuart FL Waterfront Estate Price Reduced offered by the Gabe Sanders real estate team.  This 2002 home has the latest updates and all the bells and whistles you could possibly want.

Custom Newer Stuart FL Waterfront Estate

For those desiring the ultimate in privacy yet having close access to all the amenities Martin County has to offer, this is your future. Located on 4 plus acres of deep waterfront (320′) on the South Fork of the Saint Lucie River.

 Custom Newer Stuart FL Waterfront Estate

Custom designed and built to the highest standards. Currently configured with 4 Br, 2 Offices, Theater Room, Work rooms, 4 & 1/2 Baths and attached 5 car gar. Impact Glass throughout, with a great room concept featuring 42′ Pecky cypress ceilings. Commercial grade kitchen with multiple cooking surfaces, both gas and electric, numerous ovens, commercial refrigerators, dishwashers, etc (see attached feature list). Master wing features dual offices and his and her bathrooms. Detached 1 Br. 1 Ba. updated guest home.

 Custom Newer Stuart FL Waterfront Estate

 

 

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Custom Newer Stuart FL Waterfront Estate Price Reduced

March 2013 Monthly Market Detail Martin County Townhouses and Condos

05.12.13 by

March 2013 Monthly Market Detail Martin County Townhouses and Condos

Some very positive results reported by Florida Realtors for the March 2013 Monthly Market Detail Martin County Townhouses and Condos.   Year to year closed sales were up by an impressive 38.7% and new sales under contract (new pending sales) increased by over 41%

The median and average sales prices also increased by 12.8% and 23.6% respectively from March of 2012.

The inventory of available townhouses and condos have decreased to 687 units which id down by 20.6% from last March.  Current supply of inventory is only 7.5 months (a 30.6% decrease from last year).  For the Martin County townhouse and condo market, these results are very similar to our single family home market as both segments rapidly approach a balanced market that favors neither the buyer nor seller.

Here’s the summary chart from the Florida Realtors report:Martin County Townhouses and Condos

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

March 2013 Monthly Market Detail Martin County Townhouses and Condos

March 2013 Monthly Market Detail Martin County Single Family Homes

05.11.13 by

March 2013 Monthly Market Detail Martin County Single Family Homes

Some very positive results reported by Florida Realtors for the March 2013 Monthly Market Detail Martin County Single Family Homes.   Year to year closed sales were up by 22.7% and new sales under contract (new pending sales) increased by 37.4%

Both the median and average sales prices have risen year over year by 19.4% and 23% respectively.

The inventory of available townhouses and condos have decreased to 1274 units which id down by 27.3% from last March.  Current supply of inventory is only 7.7 months (a 38.1% decrease from last year).   If this trend continues (and we see no reason to doubt it) we will soon be in a balanced market for the single family real estate market in Martin County.  There’s no reason not to expect a sellers market should the inventory continue to decrease.Martin County Single Family Homes

Here’s the summary chart from the Florida Realtors report:

 

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

March 2013 Monthly Market Detail Martin County Single Family Homes

March 2013 Monthly Market Detail St. Lucie County Townhouses and Condos

05.10.13 by

March 2013 Monthly Market Detail St. Lucie County Townhouses and Condos

Some very positive results reported by Florida Realtors for the March 2013 Monthly Market Detail St. Lucie County Townhouses and Condos.   Year to year closed sales were up by 19.3% and new sales under contract (new pending sales) increased by 39%

Prices have remained under considerable pressure and have not improved as well as the single family market with the median price off by 10.2% from last year while the average price gained a modest 5.7%.

The inventory of available townhouses and condos have decreased to 967 units which id down by 22% from last March.  Current supply of inventory is only 9.6 months (a 38.9% decrease from last year).   While these results are not quite as strong as in the single family market, they still show strong gains from previous years.  It is just a matter of time before prices start rising a bit more dramatically.  This current environment is an excellent opportunity for buyers looking into the Saint Lucie County real estate market for townhouses and condos.St. Lucie County Townhouses and Condos

Here’s the summary chart from the Florida Realtors report:

 

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

March 2013 Monthly Market Detail St. Lucie County Townhouses and Condos

Palm Cove Golf and Yacht Club Short Sale Price Reduced

05.09.13 by

Palm Cove Golf and Yacht Club Short Sale Price Reduced

This Palm Cove Golf and Yacht Club Custom Home at 209 SW Hatteras Court is now offered at $570,000

Palm Cove Golf and Yacht Club Custom Home

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

 Palm Cove Golf and Yacht Club Custom Home

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.

Palm Cove Golf and Yacht Club Custom Home

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Palm Cove Golf and Yacht Club Short Sale Price Reduced

 

March 2013 Monthly Market Detail St. Lucie County Single Family Homes

05.08.13 by

March 2013 Monthly Market Detail St. Lucie County Single Family Homes

Some very positive results reported by Florida Realtors for the March 2013 Monthly Market Detail St. Lucie County Single Family Homes.   Year to year closed sales were up by 11.8% and new sales under contract (new pending sales) increased by over 69%!!

Both median and average sales prices were up (march 2012 to March 2013) by 18% and 15% respectively. 

One item of concern is the active inventory which has decreased by almost half (47%).  Current supply of inventory is only 4.2 months (a 56% decrease from last year).  For March 2013 it was a strong sellers market in the St. Lucie County area.  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.

Here’s the summary chart from the Florida Realtors report:St. Lucie Single Family Homes

 

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

March 2013 Monthly Market Detail St. Lucie County Single Family Homes

Pelican Pointe Waterfront Lot on Hutchinson Island Reduced

05.07.13 by

Pelican Pointe Waterfront Lot on Hutchinson Island Reduced

 This Pelican Pointe Waterfront Lot on Hutchinson Island is now available for $375,000!   Dock, Central Water and Sewer in place.  Soil testing completed.

Waterfront Lot in Pelican Pointe WestHutchinson Island waterfront .45 acre lot in Pelican Pointe West. A small private gated subdivision just on the north side of Herman’s Bay. This lot is located on a cul-de-sac with city water and sewer available. A deep water common dock is adjacent to this location for easy access to your future boat. Deeded beach access is included. Perfect location for your future Hutchinson Island dream home with both river and ocean access!

Waterfront Lot in Pelican Pointe West

There are only 8 building lots in Pelican Pointe West. At this writing, two homes have been completed and are in use. Currently under construction are two multi-million dollar homes on the ocean side in Diamond Sands. Coming soon is a high end condo community just south of Diamond Sands called Marisol. Please call for details on any or all of these projects.

Waterfront Lot in Pelican Pointe West

Waterfront Lot in Pelican Pointe West

Waterfront Lot in Pelican Pointe West

Waterfront Lot in Pelican Pointe West

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Pelican Pointe Waterfront Lot on Hutchinson Island Reduced

Golf Lodges of Ocean Village Sold

05.06.13 by

Golf Lodges of Ocean Village Sold

406 Southstar Drive has sold.  This Golf Lodges of Ocean Village just sold on May 1, 2013 for $215,000.  Thank you to all the agents that have shown this fine home in the Golf Lodges of ocean Village.

 Enjoy resort style living in the Golf Lodges of Ocean Village. An award winning ocean front community on South Hutchinson Island in Fort Pierce. Numerous pools, golf, tennis, fitness room, shuffleboard and daily activities will keep you as busy as you w ant or just relax on the pristine beach in your private lounge chair.

This updated 3 BR and 2 Bath second floor condo comes with a garage as well as ample storage. A spacious screened balcony overlooks the executive golf course. Tiled living area. Accordion hurricane shutters. Newer stainless steel appliances (with warranties). All ages are welcome and the golf lodges are pet friendly. Furnishings are negotiable for anyone wishing to move in and enjoy this Florida lifestyle immediately.

 Search for all Saint Lucie County Condos on Hutchinson Island

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Golf Lodges of Ocean Village Sold

Martin County Florida Condo Market Report for March 2013

05.05.13 by

Martin County Florida Condo Market Report for March 2013

 

Commentary:

The Martin County Florida Condo Market for March 2013 also showed excellent activity for March of 2013.  After disappointing results from much of the fall season, sales numbers for March were up to 84 units.  The last March that had a higher sales volume was back in 2005.  The inventory continues to decline.  Now down to 582 condos (Down 69 units from March of 2012).  This is the third month of decreasing inventory after 3 months of increases.  The median sales price jumped dramatically to $142,500 from $88,250 last month (and 103,500 in March of 2012).   While the median list price rose modestly to $189,450.  These numbers are a little misleading as it appears that prices have stabilized in the condo market.  There have been a relatively greater number of lower priced condos sold which is driving the median sales prices down.  As the inventory continues to decrease, pressure will be on for prices to rise.

The one month absorption rate dipped to 6.93 months from last months 9.15 months, while the three-month average is now at 9.5 months.  A considerably improved condo market after many years of stagnant results.  We are now very close to a balanced market  for condos in Martin County.  Generally an absorption rate of 6 or 7 months is considered a balanced market.

[singlepic id=3523 w=800 h=600 float=center]
  

 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.

[singlepic id=3524 w=800 h=600 float=center]

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Data compiled from the Realtor Association of Martin County

See the full set of charts at Treasure Coast FL Homes

Martin County Florida Condo Market Report for March 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 March 2013

05.04.13 by

Martin County Florida Residential Market Report for March 2013

 

Commentary:

The Martin County Florida Residential Market Report for March 2013 showed very strong sales activity for the month.  In fact, the highest unit volume since 2004.  And this with a lower number of available homes as well.  In fact, our inventory levels are approaching numbers that may have a negative effect on sales volume in the upcoming months.  Many prospective buyers may not be able to find homes that fit their needs.

Average prices were up for March, while the median declined. This is an indication of a greater volume of lower priced sales with a few higher priced homes in the mix as well.  The inventory of available homes dropped over 100 homes from February.    The one month absorption rate for March 2013 decreased to 4.38 months, and the three-month average is down to 6.45 months.  A 6 month absorption rate is considered to be a balanced market, so we are going into a sellers market in Martin County.

Activity is remained strong for April.  Positive economic news as well as continued low interest rates continue to drive buyers into the market.  We continue to be in a very attractive market for buyers.  Sellers can also expect to see good value in the sale of their homes as compared to the past few years.

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

[singlepic id=3527 w=800 h=600 float=center]

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.

[singlepic id=3528 w=800 h=600 float=center]

[singlepic id=3529 w=800 h=600 float=center]

[singlepic id=3530 w=800 h=600 float=center]

 

Data compiled from the Realtor Association of Martin County

See the full set of charts at Treasure Coast FL Homes

Martin County Florida Residential Market Report for March 2013

the Gabe Sanders real estate team

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

For more information about Florida’s Treasure Coast Real Estate, visit us at:

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Waterfront Lot in Beau Rivage

05.03.13 by

Waterfront Lot in Beau Rivage Under Contract

Ocean access deep waterfront lot in Beau Rivage under contract.
122 Saint Lucie Lane in Beau Rivage

Waterfront Lot with Ocean Access

100 feet of waterfront on this .36 acre lot in Beau Rivage. Soon to be officially in Stuart, Martin County. High and dry lot with room for that dream waterfront home you’ve been wanting all your life! Only 4 lots away from the North Fork of the wide Saint Lucie River. Cement Seawall in place, a perfect protected location for larger ocean going vessels. Very private location with easy access to Martin County’s ‘A’ rated schools, shopping, restaurants and the beaches. There aren’t very many waterfront lots like this left.

Waterfront Lot with Ocean Access

Beau Rivage is scheduled to be incorporated into Martin County in July of 2013.  At this time it will be officially a part of Martin County and there will be no uncertainty as to the schools that local children will attend as well as the availability of fire and medical services provided by the county. 

Waterfront Lot with Ocean Access

More Information and Pictures for this Waterfront Lot in Beau Rivage

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Waterfront Lot in Beau Rivage Under Contract

Sandpebble Oceanfront Condo Sold

05.02.13 by

Sandpebble Oceanfront Condo Sold


This Sandpebble Oceanfront Condo Sold, located at  2491 NE Ocean Blvd – Suite 401 in Sandpebble on Hutchinson Island in Stuart, FL.  Thanks to all the agents that have shown this great unit.

Sandpebble Ocean Front Condo on Hutchinson Island

Spacious Ocean Front Condo on Hutchinson Island in Sandpebble at 2491 NE Ocean Blvd. Suite 401

More Pictures and Information

Spacious Ocean Front Condo on Hutchinson Island in Sandpebble

Enjoy sweeping Ocean to River views in this top floor North East corner unit that has been totally and extensively renovated for the most discerning buyer. . Imported Italian porcelain tile, granite counter tops, custom walnut wood work throughout, crown moldings, Jacuzzi tub and much more. This spacious unit offers a large open plan and is not your cookie cutter island condo. Enjoy two separate balconies, under building parking, extra storage locker. This is a gated community that spans from the Ocean to the River with docks available for lease (check availability), 5 pools, hot tubs, tennis courts and a fully equipped club house with kitchen available for private functions. Private ocean access. Elevator in building. 1 small pet is allowed.

Spacious Ocean Front Condo on Hutchinson Island in Sandpebble

Spacious Ocean Front Condo on Hutchinson Island in Sandpebble

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Sandpebble Oceanfront Condo Sold

Cedar Pointe Condo Under Contract

05.01.13 by

Cedar Pointe Condo Under Contract

2929 SE Ocean Blvd. Suite 106-3 is no longer available for sale.  Under contract in 6 days.  Fully furnished and equipped and ready for immediate occupancy.

Cedar Pointe Condo in Stuart FL

Cedar Pointe Condo Under Contract.  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.

Cedar Pointe Condo in Stuart FL

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.

Cedar Pointe Condo in Stuart FL

A spacious first floor one bedroom 1 and 1/2 bath condo for senior adults.  Generous open plan with lots of storage and 2 walk in closets.  Very conveniently located within walking distance of the Saint Lucie River, restaurants, shopping and medical facilities.  Only a short drive or bike ride to the crystal clear waters of the Atlantic and charming downtown Stuart.  This active community feature numerous pools with one being just steps from this unit. Shuffleboard and other activities are available at the clubhouse.  This unit comes completely furnished, equipped and is ready for immediate occupancy for those who want an affordable Florida home or just a winter getaway.

Cedar Pointe Condo in Stuart FL

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

Cedar Pointe Condo in Stuart FL

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

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Cedar Pointe Condo Under Contract

March 2013 Monthly Market Detail Florida Townhouses and Condos

04.30.13 by

March 2013 Monthly Market Detail Florida Townhouses and Condos

Some very positive results reported by Florida Realtors for the March 2013 Monthly Market Detail Florida Townhouses and Condos for the entire state of Florida.  All indices have moved in a positive direction though not as robustly as for the single family report for March 2013.  Year to year closed sales were up by 1% and new sales under contract (new pending sales) increased by over 10%.

Both median and average sales prices were up (March 2012 to March 2013) by 16% and 13% respectively.

One item of concern is the active inventory which has decreased by almost 22%.  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 homeowners can see a profit or even a break-even price, I will expect a gradual increase in inventory.

Here’s the summary chart from the Florida Realtors report:Florida Townhouses and Condos

 

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

March 2013 Monthly Market Detail Florida Townhouses and Condos

April 2013 Market Report for Osprey Cove in Hobe Sound

04.29.13 by

April 2013 Market Report for Osprey Cove in Hobe Sound

There are currently 6 homes for sale in Osprey Cove in Stuart, FL.  Listing prices range from $499,000 to $694,900 for an average price per square foot of living area of $211.86.

There are no homes currently under contract in Osprey Cove.

In the past 12 months, 3 homes have sold with sales prices ranging from $205,000 to $369,000 at an average of $165.94 per sq. ft. of living area.

April 2013 Market Report for Osprey Cove in Hobe Sound

 

Osprey Cove in Hobe Sound, Florida is a waterfront community off of Gomez Avenue in the vibrant Hobe Sound area of Martin County, Florida.  It is also known as the Osprey Cove Yacht Club and boasts 32 deep water boat slips just off the Intracoastal Waterway.  There are only 86 homes in this gated community that broke ground in late 2000 with homes being completed from 2000 through 2006.   Homes range in size from 3 bedroom, 3 bathroom, 2 car garage homes of 2,230 sq. ft. to 5 bedroom, 4 and 1/2 bathroom, 3 car garage pool homes of over 4,000 sq. ft. of living area.  There’s also a community pool and tennis court available to all residents.

April 2013 Market Report for Osprey Cove in Hobe Sound

For boaters, the docks are approximately 5 miles from the Saint Lucie Inlet of Martin County and just under 10 miles from the Jupiter Inlet in Palm Beach County.  All Osprey Cove residents enjoy easy access to shopping, restaurants and the pristine beaches of Jupiter Island in Martin County.

For families, the Martin County School District is one of the highest rated in Florida and children attend the Hobe Sound elementary school, Murray middle school and South Fork high school.  There are also a number of excellent private schools located nearby, including the Pine School.

April 2013 Market Report for Osprey Cove in Hobe Sound

You can find additional information at the Osprey Cove in Hobe Sound Homeowner’s Association web page.

April 2013 Market Report for Osprey Cove in Hobe Sound

For any questions you may have about Osprey Cove in Hobe Sound, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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April 2013 Market Report for Osprey Cove in Hobe Sound

March 2013 Monthly Market Detail Florida Single Family Homes

04.29.13 by

March 2013 Monthly Market Detail Florida Single Family Homes

Some very positive results reported by Florida Realtors for the March 2013 Monthly Market Detail Florida Single Family Homes for the entire state of Florida.  All indices have moved in a positive direction.  Year to year closed sales were up by 9% and new sales under contract (new pending sales) increased by over 23%.

Both median and average sales prices were up (march 2012 to March 2013) by 15% and 14% respectively. 

One item of concern is the active inventory which has decreased by 26%.  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.

Here’s the summary chart from the Florida Realtors report:

Florida Single Family Market Detail

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

March 2013 Monthly Market Detail Florida Single Family Homes

April 2013 Market Report for Legacy Cove in Stuart Florida

04.28.13 by

April 2013 Market Report for Legacy Cove in Stuart Florida

There are currently 10 homes for sale (including new construction from D.R. Horton) in Legacy Cove in Stuart, FL.  Listing prices range from $265,000 to $459,000 for an average price per square foot of living area of $139.12.

There are five homes under contract awaiting settlement priced from $290,000 to $413,130 for an average of $130.48 per sq. ft. of living area.

In the past 12 months, 13 homes have sold with sales prices ranging from $205,000 to $369,000 at an average of $121.03 per sq. ft. of living area.

Legacy Cove in Stuart FL

Legacy Cove in Stuart Florida is a gated lakeside community of 229 homes off of Cove Road in Stuart, Florida.  Legacy Cove consists of two sections. The first section of 142 homes called the Cove Isle development was mostly completed between 2004 and 2005.  The newer section, called the Cove Lakes development consists of 87 home sites with construction that began in 2007.  Some homes are yet to be completed in Cove lakes.

Legacy Cove in Stuart FL

There’s a wide variety of homes in Legacy Cove, ranging for the smallest, a 3 bedroom, 2 bathroom, 2 car garage with a little under 1,600 square feet of living area to  4, possible 5 bedroom, 3 and a 1/2 bathroom, 3 car garage two story homes with almost 4,000 square feet of living area.  And many sizes in between.

Legacy Cove in Stuart FL

Legacy Cove boasts a community pool and club house with a fitness center as well as two hard surfaced tennis courts.  Many homes in Legacy Cove in Stuart Florida have serene lake views and a comfortable private feeling.  Located just minutes from I-95, this is a great location for those wishing to take advantage of Martin County’s amenities while still having an easy commute to work either north or south.

Legacy Cove in Stuart FL

Legacy Cove is in an ‘A’ Martin County school system with children currently attending Pinewood elementary school, Dr. David L Anderson middle school and Martin County high school.

Legacy Cove in Stuart FL

The HOA fees are very reasonable at $688.00 per quarter.  Management of the community is through Bristol Management of Stuart.

Residents of Legacy Cove in Stuart Florida enjoy a relaxing life style with easy access to restaurants, shopping and the many waterways, beaches and public parks that Martin County has to offer.

Search here for Legacy Cove Homes for Sale

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

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April 2013 Market Report for Legacy Cove in Stuart Florida


Hobe Sound Florida Market Report ZIP Code 33455 – Condo, March 2013

04.27.13 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, March 2013

 

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

 

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

 

There are currently 22 active condo listings. (Up by 4 condos from February)

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9 Condo sales are pending and awaiting close or lender approval. (Unchanged from February)

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2 Condos sold in March (Down 2 from February)

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The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  We had a small increase in inventory making the number of available condos go up to 22.  Sales were off and pending sales remained unchanged.

The one month absorption rate jumped to 11months, signifying a return to a buyer’s market.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer. 

The March 2012 numbers were:  38 active listings, 7 pending sales and 5 closed sales.  Difficult to make comparisons from last year with such a small sampling of available units.  When inventory differences are accounted for, closed sales are very similar.


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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, March 2013

 

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, March 2013

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, March 2013

 

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

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

 

There are currently 249 active listings. ( An increase of 5 homes from February)

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100 Residential sales are pending and awaiting close  (A decrease of 9 homes from February)

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45 Homes Sold in March (Up 17 homes from last month)

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Strong sales activity for the Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County.  Inventory levels remain low, but did increase slightly for this month.  Pending sales were off for March.  With such low numbers of available homes on the market, activity might slow in the coming summer months.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 5.4 months.  Now a slight seller’s market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for March 2012 were:  323 active listings, 104 pending sales and 49 closed sales.   Considering the reduced inventory as compared to 2012, the market activity continues to improve.

 

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, March 2013