February 2013 Market Update Cobblestone Country Club

 

February 2013 Market Update Cobblestone Country Club

There are currently 8 homes for sale in the Cobblestone Country Club of palm City, FL.  List prices range from $369,900 to 599,900 with an average asking price of $135.98 per sq. ft. of living area.

2 Homes are under contract and awaiting sale.  List prices were $251,900 and 299,900 for an average of $110.66 per sq. ft. of living area.  These are both distressed sales as one is a short sale and the other is bank owned.

In the past 12 months, 12 homes have sold in the Cobblestone Country Club.  Sale prices ranged from $210,000 to $673,000 and the average sale price per sq. ft. of living area was $117.98.

 

Cobblestone Country Club

February 2013 Market Update Cobblestone Country Club

Located just west of the center of Palm City, Cobblestone Country Club is a peaceful neighborhood of 512 acres with only 238 residences providing generous amounts of space around each home. This upscale community is adjacent to exit 110 on I-95 with easy access to all that Palm Beach County to the South and Orlando to the North, has to offer while enjoying the laid back low growth lifestyle, lower taxes and superior school systems that Martin County offers. Residents enjoy coming home to picturesque views of lakes, preserves and the 18-hole private Fox Golf Course in the Cobblestone Country Club. Homes in Cobblestone consist of new custom built homes and a selection of quality newer resales. 

February 2013 Market Update Cobblestone Country Club

February 2013 Market Update Cobblestone Country Club

Cobblestone Country Club Homes for Sale

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February 2013 Market Update Cobblestone Country Club

Sewalls Point Residential Market Report January 2013

Sewalls Point Residential Market Report January 2013

Sewalls Point Real Estate Snapshot, Residential Sales for January 2013

 

There are currently 49 active listings (an increase of 13 home for sale from December)

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7 Residential sales are pending and awaiting close or lender approval (a decrease of 1 home from December)

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2 Homes sold in December (Down 4 from December)

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Closed sales were off for the Sewalls Point market report for January 2013.  Pending sales were also off slightly.  This is the second month of decreasing market activity for Sewalls Point.  However, inventory rose sharply in January and this will result in much improved numbers for the coming months..  Now only 36 homes available.  This is approaching historic low levels for Sewalls Point.

The absorption rate now stands at 24.5 months, quite a jump from last December’s 6 month absorption rate.  This is a strong buyers market again.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to January of 2012, the inventory was at 59 homes homes on the market last year, 11 pending sales and there was only 3 closed sales.  Considering the inventory is 11 homes less this year, the January 2013 activity is fairly similar if not a small bit stronger than last year.

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Sewalls Point Florida Real Estate presented by:
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Sewalls Point, FL Real Estate

Rental Properties

Vacant Land Properties

Residential Properties

 

Sewalls Point Market Report – Residential, January 2013

Price Slashed on 13 Acre Custom Built Equestrian Estate

Price Slashed on 13 Acre Custom Built Equestrian Estate

Price Slashed on 13 Acre Custom Built Equestrian Estate in Fort Pierce, now available for only a limited time, this European inspired home on 13.6 pristine acres in a beautiful section of the Treasure Coast of Florida is now available for only $1,595,000

4560 SW 25th Street, Fort Pierce, FL 34981

 Price Slashed on 13 Acre Custom Built Equestrian Estate

Superb construction quality in this 2007 custom-built stone palace! Situated on over 13 acres of private, agricultural-zoned land, this 2-story castle boasts 5 bedrooms, 3.5 bathrooms, an over-sized 4 car garage, 4 upstairs balconies, an enormous patio / lanai, 2 gas-heated fireplaces, kitchen-living room combo, family room, formal dining room, game room, 2 laundry rooms, and so much more!  

Price Slashed on 13 Acre Custom Built Equestrian Estate

Special features include steel re-enforced poured concrete walls, hand-picked stonework, plastered interior walls, rustic European décor, custom wood & stone flooring throughout, hurricane rated impact glass for every door and window, a gas-heated range, multiple wall ovens, a top-quality metal roof, and a 5-stall barn for horses on the West end of the property.  Close proximity to the White City Park in Fort Pierce, Florida, which has a boat ramp to the North Fork of the Saint Lucie River.  The park also has playgrounds, multiple gazebos, ponds, and picnic tables.  Great for family get-togethers!

 Price Slashed on 13 Acre Custom Built Equestrian Estate

Additional pictures and info for 4560 SW 25th Street

Price Slashed on 13 Acre Custom Built Equestrian Estate

Download a brochure for 4560 SW25th Street

Price Slashed on 13 Acre Custom Built Equestrian Estate

Price Slashed on 13 Acre Custom Built Equestrian Estate

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Equestrian Homes for Sale

Fort Pierce, Real Estate presented for your consideration by:
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Price Slashed on 13 Acre Custom Built Equestrian Estate

Waterfront Lot with Dock Price Reduced

Waterfront Lot with Dock Price Reduced

 This waterfront lot with dock price reduced to $399,000!

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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Waterfront Lot with Dock Price Reduced

Custom Newer Stuart FL Waterfront Estate Just Listed

Custom Newer Stuart FL Waterfront Estate Just Listed

Custom Newer Stuart FL Waterfront Estate

6800 SW Gaines Ave is a Custom Newer Stuart FL Waterfront Estate Just Listed with 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 Just Listed

Golf Lodges of Ocean Village Just Listed

Golf Lodges of Ocean Village Just Listed

406 Southstar Drive is now available for purchase.  This Golf Lodges of Ocean Village just listed condo is offered for $225,000 with furnishings negotiable for sale.

 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.

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Golf Lodges of Ocean Village Just Listed

the Florida Club February 2013 Market Activity

the Florida Club February 2013 Market Activity

Stuart, Florida

As of Feb 4, 2013:

There are 15 active listings for Florida Club homes for sale ranging in price from $199.000 to $459,315 with an average price per square foot of $141.28.

There are six homes under contract awaiting the sale with listing prices ranging from $186,000 to $439,999 for an average of $137.44 per square foot of living area.

In the past 12 months, 27 homes have sold in the Florida Club with sales prices ranging from $179,000 to $428,000 and an average sales price of $128.09 per square foot of living area.

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 February 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 February 2013 Market Activity

Summerfield Golf Club Market Update for February 2013

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

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As of February 2 2013:
There are 15 homes on the market ranging in listing price from $199,000 to $459,000 with an average of $151.95 per square foot of living area.

There are two homes under contract (pending) awaiting their closing. Asking prices are $324,500 and $489,900 at an average of $171.00 per square foot of living area.

In the past 12 months, 18 homes have sold.  Sales prices ranged from $163,000 to $465,000 with an average of $128.74 per square foot of living area.

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/

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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.

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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.

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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.

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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 February 2013

Price Reduced Newer Palm City Home on 5 Acres

Price Reduced Newer Palm City Home on 5 Acres

The ultimate in privacy on 5 acres.  No restrictions to have all your animals and toys on your own private 5 acres with this newer Palm City Farms home at 6710 SW Rattlesnake Run.  The price is now an attractive $339,000.

Palm City Farms Home for Sale on 5 Acres

2002 Built home with metal roof and hardi-plank siding on 5 Acres in an Equestrian or Agricultural area of Palm City, Florida.

Palm City Farms Home for Sale on 5 Acres

Both you and your horses will adore this secluded 5 acre property with a beautiful 2002 built home featuring hardi-plank siding and a metal roof. 3 bedrooms 2 bathrooms plus an office with built in workstations.

Palm City Farms Home for Sale on 5 Acres

A gourmet kitchen offers stainless appliances custom cabinets and a spacious built in rotating island. A 6 burner Kitchen-Aide gas convection oven, Miele dishwasher, GE refrigerator, Large living room with built in entertainment center. Master bedroom has large walk in closets and nicely appointed master bath with indoor/outdoor shower. This property is perfect for any one wanting the ultimate in privacy while having lots of room to roam as well as the opportunity for keeping horses or other agricultural possibilities.

Palm City Farms Home for Sale on 5 Acres

This property is perfect for any one wanting the ultimate in privacy while having lots of room to roam as well as the opportunity for keeping horses or other agricultural possibilities.   The land is nice and dry with no apparent wetlands.  Two ponds are currently on the property.  Easily cleared for those desiring additional pasture lands.

Palm City Farms Home for Sale on 5 Acres

More information about Palm City Farms

Palm City Farms Home for Sale on 5 Acres

More pictures here

 

 

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is presented by:

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Price Reduced Newer Palm City Home on 5 Acres

Price Reduced on Expansive Equestrian Estate

Price Reduced on Expansive Equestrian Estate

Price Reduced on Expansive Equestrian Estate in Fort Pierce, now available for only a limited time, this European inspired home on 13.6 pristine acres in a beautiful section of the Treasure Coast of Florida is now available for only $1,725,000

4560 SW 25th Street, Fort Pierce, FL 34981

 Price Reduced on Expansive Equestrian Estate

Superb construction quality in this 2007 custom-built stone palace! Situated on over 13 acres of private, agricultural-zoned land, this 2-story castle boasts 5 bedrooms, 3.5 bathrooms, an over-sized 4 car garage, 4 upstairs balconies, an enormous patio / lanai, 2 gas-heated fireplaces, kitchen-living room combo, family room, formal dining room, game room, 2 laundry rooms, and so much more!  

Price Reduced on Expansive Equestrian Estate

Special features include steel re-enforced poured concrete walls, hand-picked stonework, plastered interior walls, rustic European décor, custom wood & stone flooring throughout, hurricane rated impact glass for every door and window, a gas-heated range, multiple wall ovens, a top-quality metal roof, and a 5-stall barn for horses on the West end of the property.  Close proximity to the White City Park in Fort Pierce, Florida, which has a boat ramp to the North Fork of the Saint Lucie River.  The park also has playgrounds, multiple gazebos, ponds, and picnic tables.  Great for family get-togethers!

 Price Reduced on Expansive Equestrian Estate

Additional pictures and info for 4560 SW 25th Street

Price Reduced on Expansive Equestrian Estate

Download a brochure for 4560 SW25th Street

Price Reduced on Expansive Equestrian Estate

Price Reduced on Expansive Equestrian Estate

Search here for:

Equestrian Homes for Sale

Fort Pierce, Real Estate presented for your consideration by:
the Gabe Sanders real estate team

View Our Featured Listings!

 


Price Reduced on Expansive Equestrian Estate

Price Reduced on Stuart Ocean Front Condo

Price Reduced on Stuart Ocean Front Condo

This Sandpebble Ocean Front Condo on Hutchinson Island at 2571 NE Ocean Blvd. Suite 102 is now offered for $340,000

Spacious second level ocean front condo with sweeping ocean views on Stuart’s Hutchinson Island. Tastefully updated with granite counter tops, upgraded cabinets, stainless refrigerator and microwave and tile throughout. Breakfast bar and dining nook in the kitchen. Elevator in building. Extra storage also included. One small pet is allowed. The Sandpebble condominium complex has 5 swimming pools, ocean to river access, a community marina with slips for rent (check availability), tennis courts and club house. Very conveniently located close to shopping, great schools and a short drive or bike rode to either the Stuart or Jensen Beach Causeways. A great opportunity for either year round living or the perfect Florida vacation home. Rentals allowed.

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.

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Price Reduced on Stuart Ocean Front Condo

Lighthouse Point and Seagate Harbor January 2013 Market Update

Lighthouse Point and Seagate Harbor January 2013 Market Update

 

There are currently 18 homes on the market in Lighthouse Point and Seagate Harbor.  From a low price of $219,900 to a high of $758,315 with an average asking price per square foot of $240.98.

There are 6 homes under contract as of January 27, 2013.   The listing prices on the pending homes range from a low of $305,500 to a high of $499,000.  The average listing price per square foot of these homes are $167.73

14 homes have sold in Lighthouse Point and Seagate Harbor in the past 12 months.  Sale prices were from $250,000 to $675,000 with an average sales price per square foot of $201.26

Lighthouse Point Waterfront Homes for Sale

A boater’s and sailor’s Delight in an affordable waterfront niche community with deep water dockage! Nature and families are the focus in this desirable community characterized by beautiful homes, parks, nearby golf, restaurants, shopping, and A Rated schools!

Almost every home has waterfront dockage available in an intricate network of deep water canals. Some select homes with wide views of the Saint Lucie River.  A community boat ramp is also available.  Everything a boater would want!

Search the Martin County MLS

Search for available homes in Lighthouse Point and Seagate Harbor

 

Lighthouse Point and Seagate Harbor January 2013 Market Update

Open House at 6710 SW Rattlesnake Run Palm City

Open House at 6710 SW Rattlesnake Run Palm City

Are you looking for the ultimate in privacy on 5 acres?  Would you like some horses or other animals with no restrictions?  Then come and join us on February 3 for an Open House at 6710 SW Rattlesnake Run Palm City between 1 to 4 pm. 

Palm City Farms Home for Sale on 5 Acres

2002 Built home with metal roof and hardi-plank siding on 5 Acres in an Equestrian or Agricultural area of Palm City, Florida.

Palm City Farms Home for Sale on 5 Acres

Both you and your horses will adore this secluded 5 acre property with a beautiful 2002 built home featuring hardi-plank siding and a metal roof. 3 bedrooms 2 bathrooms plus an office with built in workstations.

Palm City Farms Home for Sale on 5 Acres

A gourmet kitchen offers stainless appliances custom cabinets and a spacious built in rotating island. A 6 burner Kitchen-Aide gas convection oven, Miele dishwasher, GE refrigerator, Large living room with built in entertainment center. Master bedroom has large walk in closets and nicely appointed master bath with indoor/outdoor shower. This property is perfect for any one wanting the ultimate in privacy while having lots of room to roam as well as the opportunity for keeping horses or other agricultural possibilities.

Palm City Farms Home for Sale on 5 Acres

This property is perfect for any one wanting the ultimate in privacy while having lots of room to roam as well as the opportunity for keeping horses or other agricultural possibilities.   The land is nice and dry with no apparent wetlands.  Two ponds are currently on the property.  Easily cleared for those desiring additional pasture lands.

Palm City Farms Home for Sale on 5 Acres

More information about Palm City Farms

Palm City Farms Home for Sale on 5 Acres

More pictures here

 

 

Search for All Palm City Farms Homes for Sale
Free MLS Search

Palm City Florida Real Estate
is presented by:

the Gabe Sanders real estate team

 

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Open House at 6710 SW Rattlesnake Run Palm City

 

Full Financing Available in New Palm City Community

Full Financing Available in New Palm City Community

 

 For a limited time, Full Financing Available in New Palm City Community from ‘America’s Builder’ – D.R. Horton in Murano

 Murano in Palm City Florida

This is a limited opportunity, so please call me for details today!

Currently there are five new construction models available:

The Mangrove, a 3 bedroom, 2 & ½ bath, 2 car garage home priced from $225,990

The Oak, a 4 bedroom, 2 & 1/2 bath, 2 car garage home priced from $246,990

The Meadow, a 4 BR 2 % 1/2 bath 2 car garage home priced from $257,990

The Palm, a 5 bedroom, 3 bath, 2 car garage home priced from $262,990

The Elm, a 5 bedroom 3 and 1/2 bath, 2 car garage home priced from $282,990

Murano Homes in palm City Florida
MURANO in Palm City is offering 100% FINANCING** and 
Up to $10,000 in Closing Costs and  Builder Options and Upgrades!***

Highlights include

  • Choice of 4 NEW Floorplans
  • GE Appliance Package
  • Community Swimming Pool and Cabana
  • Various homesites available including lakefront
  • Top Rated Palm City Schools
  • Easy commute via I-95 or Florida Turnpike
  • Close proximity to area recreation including beaches, parks, boating, fishing, and all types of water sports.
  • Shopping, entertainment and restaurants are all nearby.
  • Homes Built by America’s #1 Homebuilder*

 

Full Financing Available in New Palm City Community 

 **Provided for informational purposes only. This is not a commitment to lend. Not all buyers will qualify for this program. Program is available at the D.R. Horton Southeast Florida Division Community Murano only. Program contains borrower income and asset limitations. ***If buyer funds and closes with seller’s affiliated lender, DHI Mortgage Company, Ltd, OR another seller “Preferred Lender,” Buyer will receive up to $10,000 in incentives to be applied toward lender’s closing costs and options/upgrades when such buyer funds and closes with seller’s affiliated lender or another seller “Preferred Lender”. Buyer must contract on or before 1/31/13 and close on or before 2/28/13 to receive the incentive. This is not a commitment to lend; not all buyers will qualify. Buyer is not required to finance through DHI Mortgage or another seller “Preferred Lender” to purchase a home; however, buyer must use DHI Mortgage or another seller “Preferred Lender” to receive the incentive. Some restrictions apply. Closing cost incentive is only applicable to homes in the MURANO community of the Southeast Florida Division. Not redeemable for cash or credit against purchase price. Terms subject to change without notice, redeemable only at closing and cannot be combined with any other offer or incentive. 

European Inspired Equestrian Estate

European Inspired Equestrian Estate

Now available for only a limited time, this European Inspired Equestrian Estate in Fort Pierce, Florida for $1,750,000

4560 SW 25th Street, Fort Pierce, FL 34981

 European Inspired Equestrian Estate

Superb construction quality in this 2007 custom-built stone palace! Situated on over 13 acres of private, agricultural-zoned land, this 2-story castle boasts 5 bedrooms, 3.5 bathrooms, an over-sized 4 car garage, 4 upstairs balconies, an enormous patio / lanai, 2 gas-heated fireplaces, kitchen-living room combo, family room, formal dining room, game room, 2 laundry rooms, and so much more!

European Inspired Equestrian Estate

Special features include steel re-enforced poured concrete walls, hand-picked stonework, plastered interior walls, rustic European décor, custom wood & stone flooring throughout, hurricane rated impact glass for every door and window, a gas-heated range, multiple wall ovens, a top-quality metal roof, and a 5-stall barn for horses on the West end of the property.  Close proximity to the White City Park in Fort Pierce, Florida, which has a boat ramp to the North Fork of the Saint Lucie River.  The park also has playgrounds, multiple gazebos, ponds, and picnic tables.  Great for family get-togethers!

 European Inspired Equestrian Estate

Additional pictures and info for 4560 SW 25th Street

European Inspired Equestrian Estate

Download a brochure for 4560 SW25th Street

European Inspired Equestrian Estate

European Inspired Equestrian Estate

Search here for:

Equestrian Homes for Sale

Fort Pierce, Real Estate presented for your consideration by:
the Gabe Sanders real estate team

View Our Featured Listings!

 


European Inspired Equestrian Estate

Martin County Florida Condo Market Report for December 2012

Martin County Florida Condo Market Report for December 2012

 

Commentary:

The Martin County Florida Condo Market for December 2012 continues to have its difficulties while the residential segment of the Treasure Coast real estate market is showing positive signs.  Sales for December were 54 units down up from 47 in November.  Pretty similar to last year’s 52 condos and equal to the 54 sold condos in December of 2010.  The inventory rose to 630 condos (up 13 from November) which is 43 condos less than were available last year.  This is the third month of increasing inventory.  If sales do not pick up by an appreciable amount, the increase in inventory will continue to drive prices down.  As evidenced by the median sales price dropping to $100,950 for December of 2012 (Was 110,000 in Dec 2011)   The median listing price was also off to $175,000.  Whether this is just seasonal drop during the holiday season remains to be seen.  Typically we get more higher end condo sales in the spring season.

The one month absorption rate decreased to 11.7 months, while the three-month average is at 12.1 months.  Still a very challenging market for condo sellers.  But quite attractive opportunities for buyers.  We need to see a sustained absorption rate below 9 months for a healthy market and down to 6 or 7 months to be considered a balanced one.

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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 December 2012

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


4 BR Pool Home in Port Saint Lucie

4 BR Pool Home in Port Saint Lucie

Announcing a price reduction on this 4 BR Pool Home in Port Saint Lucie located East of US 1 and close to beaches, shopping and medical facilities.  On over a 1/2 acre lot with water front on a non-navigable canal.  A rare opportunity at an affordable price!  Now offered at $220,000.

1622 SE Berkshire Blvd., Port Saint Lucie, FL 34952

East Port Saint Lucie Pool Home

Great open spaces in this 4 Bedroom, 3 Bathroom, heated and screened pool home in East Port saint Lucie. Rare over 1/2 Acre lot on canal (non-navigable) with lots of room for gardens, parking or just to enjoy that private feeling with lots of room between you and your neighbors. A large eat in kitchen is the center piece of this home with a bright family room with skylights and a formal living and dining areas. Master suite has walk in closet and dual vanities with separate tub and shower. This 1999 built home is solid CBS construction and has accordion hurricane shutters. Easy access to Jensen Beach and the beaches via the Green River Parkway and close to the Port Saint Lucie Civic Center as well as restaurants, shopping and medical facilities.

East Port Saint Lucie Pool Home

Additional pictures and info on 1622 SE Berkshire Blvd.

East Port Saint Lucie Pool Home

Download a brochure for 1622 SE Berkshire Blvd.

East Port Saint Lucie Pool Home

East Port Saint Lucie Pool Home

Search here for:

Port Saint Lucie Homes for Sale

Port Saint Lucie, Real Estate presented for your consideration by:
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View Our Featured Listings!

 


4 BR Pool Home in Port Saint Lucie

Martin County Florida Residential Market Report for December 2012

Martin County Florida Residential Market Report for December 2012

 

Commentary:

The Martin County Florida residential market report for December 2012 showed strong activity. In a month that typically is slow by historical standards, 166 homes closed, 6 homes better than 2011 and 18 homes better than 2010.  All this with an inventory of available homes now down by close to 50% from 2010.

Average and median sales prices were down for December.  The inventory of available homes showed an unexpected drop this month after a rise in November.  Considerably under the 1426 homes that were on the market in December of 2011 (and the 2764 homes in December of 2007). The one month absorption rate for December remained steady at 6.9 months, while the three-month average dropped to 7.1 months. A 6 month absorption rate is considered to be a balanced market, so we remain in a slight buyers market in Martin County.

January’s showing activity remains strong.  Some fairly positive economic data and strong positive Wall Street news should signal continuing positive real estate activity for the next few months.  Currently, I’m seeing issues with short sales as the banks seem to be reading the national statistics of increasing prices and are currently pricing many of their short sales at initially unacceptable levels.

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

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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

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Martin County Florida Residential Market Report for December 2012

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Sewalls Point Residential Market Report December 2012

Sewalls Point Residential Market Report December 2012

Sewalls Point Real Estate Snapshot, Residential Sales for December 2012

 

There are currently 36 active listings (a decrease of 5 home for sale from November)

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8 Residential sales are pending and awaiting close or lender approval (a decrease of 2 homes from November)

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6 Homes sold in November (Down 2 from November)

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A bit of a slow down in activity for the Sewalls Point market report for December 2012.  Some of this is due to slower activity during the holiday season and also some due to the decrease in inventory.  Now only 36 homes available.  This is approaching historic low levels for Sewalls Point.

The absorption rate now stands at 6 months.  This is an indication of a balanced market.  Neither seller nor buyer have an advantage in a balanced market. 

Comparing the results to December of 2011, the inventory was at 58 homes homes on the market last year, pending sales numbered only 8  homes, and there was only 5 sales.  Considering the inventory is 22 homes less this year, the December 2012 activity was pretty stron compared to last year.

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Sewalls Point Market Report – Residential, December 2012