Stuart Florida Market Report ZIP Code 34997 Residential June 2013

07.16.13 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34997 Residential June 2013

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

There are currently 332 active listings (An increase of 34 homes from May).

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172 Residential sales are pending and awaiting close or lender approval (A decrease of 18 home from May).

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68 Homes Sold in June (Down 16 homes from May)

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For June 2013, the Stuart Florida Market Report ZIP Code 34997 bucked the trend from the other two zip codes in Stuart with a sharply higher inventory and decreased pending and closed numbers. Whether this is just a seasonal fluctuation or a trend, it’s just to early to call. But, as prices have started to increase it looks like some latent seller demand is coming to the market.

The current one month absorption rate rose to 4.9 months which still indicates a sellers market ( though it’s up from last months 3.5 month absorption rate). Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate. Prices have started to rise in this zip code area of Martin County, which is probably one reason for the increased inventory.

The 2012 numbers were: 356 active listings, 204 pending listings and 78 closed sales. Slightly less activity for this year, but fairly close when the reduced inventory is taken into consideration.

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

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Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34997 Residential June 2013

Stuart Florida Market Report ZIP Code 34996 Condo June 2013

07.15.13 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34996 Condo June 2013

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

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

There are currently 184 active condo listings (Down 11 from last month).

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31 Condo sales are pending and awaiting close or lender approval (A decrease of 2 condos from May).

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17 Condos Sold in June (Down by 8 from May)

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Some easing in the Stuart Florida Market Report ZIP Code 34996 for Condos for June 2013. Both pending and closed sales were off (and this for the second month in a row). After a slight rise in inventory last month, June saw a decrease of 11 listings. After a very strong spring, it appears that the seasonal nature of this condo market is manifesting itself.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo rose to 10.8 months. Back to a fairly significant buyers market for June of 2013. A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for June 2012 were: 185 active listings, 27 pending sales and 20 closed sales. Other than improved pending numbers, this years activity is a bit of a disappointment.

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

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Stuart Florida Market Report ZIP Code 34996 Condo June 2013

New Price on Palm Cove Short Sale

07.14.13 by Gabe Sanders

New Price on Palm Cove Short Sale

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 $560,000

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

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

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New Price on Palm Cove Short Sale

Stuart Florida Market Report ZIP Code 34996 Residential June 2013

07.14.13 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34996 Residential June 2013

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

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

There are currently 153 active listings (Decreased by 8 homes from May).

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42 Residential sales are pending and awaiting close or lender approval (Decreased by 13 from May).

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21 Homes Sold in June (Increased by 2 homes from May).

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In the 34996 zip code area of Stuart Florida real estate market activity for June 2013 closed sales increased again, by 2 homes while pending sales were off by 13. Sales activity remains strong and we are seeing multiple offers on some well priced desirable properties. The inventory dropped to only 153 homes available for sale.

The one month absorption rate for the 34996 zip code area of Stuart Florida for June dipped to 7.2 months, which is still a slight buyer’s market. This figure should be dropping as the pending sales close in the coming months. A balanced market, favoring neither buyer or seller is considered to be around a 6 month absorption rate.

The numbers for June of 2012 were: 159 active listings, 32 pending sales and 8 closed sales. Market activity has improved from June of 2012, although only marginally. There have been some advances in sales in the higher priced homes which have been difficult sales in the past few years.

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

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Search here for Stuart Florida Real Estate for Sale

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Stuart Florida Market Report ZIP Code 34996 Residential June 2013

Stuart Florida Market Report ZIP Code 34994 Condo, June 2013

07.13.13 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Condo, June 2013

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

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

There are currently 112 active condo listings (Decreased by 1 condo from May).

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52 Condo sales are pending and awaiting close or lender approval. (Up by 10 condos from last month)

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17 Condos Sold in June (Decreased by 13 condos from May).

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Mixed signals for the Stuart Condo market for zip code 34994. Pending sales increased significantly by 10 condos in June while closed sales decreased to only 17 units. The inventory declined again, but only by 1 condo. This low inventory June result in decreasing market numbers in the coming months.

The one month absorption rate jumped up to 6.6 months, a very slight buyers market. Typically a real estate market is considered to be a balanced market with an absorption rate of 6 months. Meaning neither the buyers or sellers have an advantage in the real estate market.

Last June the numbers were 140 active listings, 40 pending sales, and 12 closed sales. Even with the reduced activity from last month, this years numbers are a significant improvement over June of 2012.

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

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

5695 SE Matousek St Open House July 14

07.12.13 by Gabe Sanders

5695 SE Matousek St Open House July 14

Come join us on Sunday, July 14 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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5695 SE Matousek St Open House July 14

Stuart Florida Market Report ZIP Code 34994 Residential June 2013

07.10.13 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Residential June 2013

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

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

There are currently 54 active listings (Down 2 from May).

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36 Residential sales are pending and awaiting close or lender approval (Down 6 homes from May).

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11 Homes Sold in May (Increased by 2 homes from May)

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Closed sales were up by two homes in the 34994 ZIP code area of the Stuart, Florida. Available homes for sale (Inventory) are now down to only 54 homes. Pending sales were off a little for May, but still remain strong for the size of this market. If the inventory remains at these low levels, sales numbers will be declining in the future. But, if prices continue to rise, I will be expecting a growth in inventory for the approaching winter season.

The one month absorption rate for the 34994 zip code for June dropped to 4.9 months. which signifies a seller’s market. A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The June 2012 numbers were 70 Active Listings, 50 pending sales and 9 closed sales. Considering the lower inventory this year as compared to last, market activity is quite strong for the 34994 zip code area of this Stuart residential home market.

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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Stuart Florida Market Report ZIP Code 34994 Residential June 2013

Summerfield Golf Club Market Update for July 2013

07.10.13 by Gabe Sanders

Summerfield Golf Club Market Update for July 2013 – Home of the Champions Golf Club

As of July 2 2013:
There are 12 homes on the market ranging in listing price from $279,000 to $489,000 with an average of $162.64 per square foot of living area. No foreclosures or short sales in these listings.

There are 4 homes under contract (pending) awaiting their closing. Asking prices are from $324,500 and $392,900 at an average of $61.27 per square foot of living area. None of these homes are distressed sales – No short sales or foreclosures.

In the past 12 months, 23 homes have sold. Sales prices ranged from $163,000 to $489,900 with an average of $136.08 per square foot of living area. Included in these sales was one short sale and one bank owned foreclosure.

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

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

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

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

The following homes are currently available for sale in Summerfield:

Summerfield Golf Club Homes for Sale

Stuart Florida Real Estate

Summerfield Golf Club Market Update for July 2013

Sewalls Point Residential Market Report June 2013

07.09.13 by Gabe Sanders

Sewalls Point Residential Market Report June 2013

Sewalls Point Real Estate Snapshot, Residential Sales for June 2013

There are currently 52 active listings (a decrease of 6 homes for sale from May)

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

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8 Homes sold in May (An increase of 1 home from May)

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For June, in the Sewalls Point residential real estate market remained strong with 8 closed sales, including a $2.6 million waterfront sale. Unfortunately, pending sales were off by 7 homes, possibly indicating a slower summer season ahead. The inventory of available homes is now down to only 52 homes.

The absorption rate dropped to 6.5 months. Basically, a balanced market. A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to June of 2012, the inventory was 57 homes on the market, 14 pending sales and there were 5 closed sales. Better activity this year, when the lower inventory is factored in. The drop in pending sales is troubling.

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, June 2013

the Florida Club July 2013 Market Activity

07.08.13 by Gabe Sanders

the Florida Club July 2013 Market Activity

Stuart, Florida

As of July 8, 2013:

There are 8 active listings for Florida Club homes for sale ranging in price from $219.000 to $448,315 with an average price per square foot of $150.77.

There are 5 homes under contract awaiting the sale with listing prices ranging from $174,900 to $224,900 for an average of $133.11 per square foot of living area. One of these homes is a bank owned (foreclosure) listing.

In the past 12 months, 32 homes have sold in the Florida Club with sales prices ranging from $172,000 to $459,900 and an average sales price of $132.46 per square foot of living area. Of these 32 sold homes, there was only 1 short sale and no bank owned foreclosures.

Conveniently located at the gateway to Stuart, Florida and Martin County, the Florida Club is a DiVosta built golf club community located off Kanner Highway and within minutes of I-95. This non-equity golf club community consists of 433 homes. 113 homes in the estates section of the Florida Club featuring larger lots and spacious estate sized homes. Many with both lake or golf course views and a few with both. The remaining Florida Club homes feature either single family or attached one story villas, many also with golf course and/or lake views. Residents of the Florida Club can enjoy daily golf or if the wish can forgo being a member and just enjoy the benefits of living in a wonderful gated community without the expense of golf club membership. Additionally for those wishing to play only occasional (or just seasonal) golf, the Florida Club is open for non-members.

As of this writing, homes can be purchased in the Florida Club from the mid to high $100’s for villas to the upper $400’s for larger estate homes. Perfect for anyone who wants the convenience of easy access to I-95 with Palm Beach, Fort Lauderdale and Miami, just a quick trip to the south and Orlando to the north. Yet still only minutes to the wonderful Atlantic Beaches of both Stuart or Hobe Sound and Jupiter Island.

The Martin County location ensures low property taxes and ‘A’ rated school system. Enjoy the Florida sunshine and all that this friendly neighborhood has to offer.

For more information about golf at the Florida Club July 2013 Market Activity please visit their web site: Florida Club Web Site and watch their welcome video below:

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the Florida Club July 2013 Market Activity

Martin County Florida Condo Market Report for May 2013

07.07.13 by Gabe Sanders

Martin County Florida Condo Market Report for May 2013

Commentary:

The Martin County Florida Condo Market for May 2013 was strong, though it retreated considerably from the excellent April numbers. 85 condos sold in May (compared to 128 in April). Better numbers, year to year, but not excellent. The inventory of available condos dropped again (fifth month in a row) to only 544 condos. This low number is beginning to effect prices and at long last it appears that condo prices are starting to rise. The median sales price was down compared to April, but this is a reflection of the larger number of lower priced condos that sold this month, rather than decreasing value. Summer is upon us and typically the condo market slows down during the summer months.

The one month absorption rate increased to 6.4 months from last months 4.46 months, while the three-month average is now at 5.71 months. Basically a balanced market for the time being. Generally an absorption rate of 6 or 7 months is considered a balanced market.

The low inventory rates and rising interest rates are troubling and could possibly have a negative effect on the condo market recovery.

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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.

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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 May 2013

the Gabe Sanders real estate team

Condo 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:

Stuart Florida Real Estate

Martin County Florida Residential Market Report for May 2013

07.06.13 by Gabe Sanders

Martin County Florida Residential Market Report for May 2013

Commentary:

The Martin County Florida Residential Market Report for May 2013 continues the strong trend for 2013. Considering that the available inventory has shrunk considerably, the number of sales for the month is quite impressive. In fact, our inventory levels are approaching numbers that may have a negative effect on sales volume in the upcoming months. Additionally, interest rates have been heading up recently. Hopefully, this will not negatively impact our recovery.

The median sales price was off from last month, but the average was slightly higher. The inventory declined to only 1000 homes. The one month absorption rate for May 2013 increased slightly to 4.74 months (from 4.52 months in April), and the three-month average is now down to 4.54 months. A 6 month absorption rate is considered to be a balanced market, so we are officially in a a sellers market in Martin County. As late summer and fall approaches, we typically can expect a small decline in activity.

We are still in need of good news about the economy as well as additional inventory to keep our real estate market recovery going strong.

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

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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 Residential Market Report for May 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:

Stuart Florida Real Estate

Danforth Home in Palm City Sold

07.05.13 by Gabe Sanders

Danforth Home in Palm City Sold

This well maintained Danforth Home in Palm City Sold for $337,000, FL by the Gabe Sanders real estate team.

Prepare to be amazed. Elegance and charm to spare. Open and light yet private, this pool home is an entertainment paradise, with miles of kitchen counter space with huge windows overlooking pool and deck,wood burning fireplace in family room, enormous living room/dining room space, cabana bath from pool. 6×9 butler’s pantry can double as computer office space, master suite at 22×14 has space for study area. Home has welcoming entry facing huge sliding window wall overlooking pool with waterfall. 10 ft. island in kitchen with pass through window. Lots of upgrades included in 2010 were 2 complete AC units, hot water tank, garage door, pool heater, new in 2011 were pool motor, microwave, speaker on porch, new in 2009 was sec. system, central vac & spa motor in 2012.

Danforth in Palm City Florida is wonderful family subdivision with 335 homes of all sizes and shapes with a wonderful family friendly neighborhood feel. Well located in palm City off SW Martin Highway and within walking distance of both the Palm City Elementary and Hidden Oaks Middle Schools. Both of these schools are top rated in the Martin County school system as well as in the State of Florida.

Many homes are lakefront with beautiful views and a wonderful private feeling, yet this community is within a mile of the new Publix and also close to restaurants and medical facilities. Also just a couple of minutes to Florida’s Turnpike for those wishing to either commute or to make a short trip to West Palm Beach or other points just North or South.

Danforth features low HOA fees. Construction in Danforth was first completed in 1990 with most homes dated from then to the late 1990’s and at least one home completed in 2001. This planned unit development (PUD) was developed by Danforth Development Inc. and various builders took part in the construction of the homes. Here is the Danforth Home Owners Association web site.

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Danforth Home in Palm City Sold

Happy 4th of July 2013

07.04.13 by Gabe Sanders

Happy 4th of July 2013

Wishing you all a happy 4th of July 2013.

While we enjoy today’s holiday, try to remember the meaning behind this day. The freedom we enjoy in our geat land, and the many folks around the world who don’t.

“He that would make his own liberty secure, must guard even his enemy from opposition; for if he violates this duty he establishes a precedent that will reach himself.”

*Thomas Paine

Hutchinson Island Waterfront Lot With Dock Reduced

07.03.13 by Gabe Sanders

Hutchinson Island Waterfront Lot With Dock Reduced

This Hutchinson Island Waterfront Lot with dock reduced to $365,000. Pelican Pointe West is a small gated community on on South Hutchinson Island. Dock, Central Water and Sewer in place. Soil testing completed.

Hutchinson 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!

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.

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Hutchinson Island Waterfront Lot With Dock Reduced

Another Sandpebble Condo Sold

07.02.13 by Gabe Sanders

Another Sandpebble Condo Sold

4490 NE Sandpebble Trace, Suite 8-301 has been sold by the Gabe Sanders real estate team. Sold for $230,000 on June 26, 2013. This Sandpebble condo is located on the river side of the Sandpebble Condo complex on South Hutchinson Island in Stuart, FL.

Gorgeous views from this 3rd floor end unit condo in Sandpebble, overlooking the pool, docks, plus, with mile wide river views. An immaculate 2 BR, 2 BA condo that has been well maintained. Upgrades include corian counter-tops in kitchen, large dual sink, stove and microwave. Plantation shutters in the dining area, carpets that are 3 years new. Both bathrooms updated, new vanities, new shower stall with designer details. Custom built storage in living area. Accordion shutters for easy access and security. This is a turn key unit, being sold unfurnished, with some items being negotiable.

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.

Here are the currently available condos in Sandpebble

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Another Sandpebble Condo Sold

May 2013 Monthly Market Detail St Lucie County Townhouses and Condos

07.01.13 by Gabe Sanders

May 2013 Monthly Market Detail St Lucie County Townhouses and Condos

Excellent activity continues for the May 2013 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors. Year to year closed sales were up by 12.5% and new sales under contract (new pending sales) increased by 43.4%

The median sales price dipped slightly by 4.1% and the average sales price was off by 1.1% from May of last year.

The inventory of available townhouses and condos have decreased to 884 units which id down by 26.9% from last May. Current supply of inventory is now 8.5 months (a 41.4% 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.

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

May 2013 Monthly Market Detail St Lucie County Townhouses and Condos

May 2013 Monthly Market Detail St Lucie County Single Family Homes

06.30.13 by Gabe Sanders

May 2013 Monthly Market Detail St Lucie County Single Family Homes

Continuing the positive trend for the May 2013 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors. Year to year closed sales were up by 6.7% and new sales under contract (new pending sales) increased by 59%!!

Both median and average sales prices were up (May 2012 to May 2013) by 21.4% and 12.1% respectively.

One item of concern is the active inventory which continues to decrease significantly (47.5%). Current supply of inventory is only 3.9 months (a 57% decrease from last year). For May 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.

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

May 2013 Monthly Market Detail St Lucie County Single Family Homes

May 2013 Monthly Market Detail Martin County Townhouses and Condos

06.29.13 by Gabe Sanders

May 2013 Monthly Market Detail Martin County Townhouses and Condos

Another set of positive results reported by Florida Realtors for the May 2013 Monthly Market Detail Martin County Townhouses and Condos. Year to year closed sales were up by 28% and new sales under contract (new pending sales) increased by a very impressive 56.6%

The median sales price decreased by 5.5% while the average sales price rose by 9.74% as compared to May of 2012.

The inventory of available townhouses and condos have decreased to 612 units which is a decrease of 28.4% from last May. Current supply of inventory is only 6.2 months (a 39.2% 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.

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

May 2013 Monthly Market Detail Martin County Townhouses and Condos

Open House in Rocky Point June 30

06.28.13 by Gabe Sanders

Open House in Rocky Point June 30

Come join us on Sunday, June 30 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.

Living area of Rocky Point Pool Home

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Stuart Florida Real Estate presented by:
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Stuart Florida Market Report ZIP Code 34997 Residential June 2013

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

Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34997 Residential June 2013

Stuart Florida Market Report ZIP Code 34996 Condo June 2013

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

Stuart Florida Market Report ZIP Code 34996 Condo June 2013

New Price on Palm Cove Short Sale

New Price on Palm Cove Short Sale

Stuart Florida Market Report ZIP Code 34996 Residential June 2013

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

Stuart Florida Market Report ZIP Code 34996 Residential June 2013

Stuart Florida Market Report ZIP Code 34994 Condo, June 2013

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

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

5695 SE Matousek St Open House July 14

5695 SE Matousek St Open House July 14

Stuart Florida Market Report ZIP Code 34994 Residential June 2013

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

Stuart, FL Real Estate

Rental Properties

Condominium Properties

Vacant Land Properties

Commercial Properties

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Stuart Florida Market Report ZIP Code 34994 Residential June 2013

Summerfield Golf Club Market Update for July 2013 – Home of the Champions Golf Club

Summerfield Golf Club Market Update for July 2013

Sewalls Point, FL Real Estate

Rental Properties

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Sewalls Point Market Report – Residential, June 2013

the Florida Club July 2013 Market Activity

Stuart, Florida

the Florida Club July 2013 Market Activity

Martin County Florida Condo Market Report for May 2013

Martin County Florida Residential Market Report for May 2013

Danforth Home in Palm City Sold

Danforth Home in Palm City Sold

Happy 4th of July 2013

Hutchinson Island Waterfront Lot With Dock Reduced

Hutchinson Island Waterfront Lot With Dock Reduced

Another Sandpebble Condo Sold

Another Sandpebble Condo Sold

May 2013 Monthly Market Detail St Lucie County Townhouses and Condos

May 2013 Monthly Market Detail St Lucie County Townhouses and Condos

May 2013 Monthly Market Detail St Lucie County Single Family Homes

May 2013 Monthly Market Detail St Lucie County Single Family Homes

May 2013 Monthly Market Detail Martin County Townhouses and Condos

May 2013 Monthly Market Detail Martin County Townhouses and Condos

Open House in Rocky Point June 30

Open House in Rocky Point June 30

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