Full Financing Available in New Palm City Community

02.01.13 by

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

01.31.13 by

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

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Equestrian Homes for Sale

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European Inspired Equestrian Estate

Martin County Florida Condo Market Report for December 2012

01.30.13 by

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

01.29.13 by

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

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Port Saint Lucie Homes for Sale

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4 BR Pool Home in Port Saint Lucie

Martin County Florida Residential Market Report for December 2012

01.28.13 by

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.

[singlepic id=3243 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=3244 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 Residential Market Report for December 2012

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

Price Change on Spacious Palm Cove Estate Home

01.27.13 by

Price Change on Spacious Palm Cove Estate Home

This Palm Cove Golf and Yacht Club Custom Home at 209 SW Hatteras Court is now offered at $585,000

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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Price Change on Spacious Palm Cove Estate Home

 

Sewalls Point Residential Market Report December 2012

01.26.13 by

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, FL Real Estate

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Sewalls Point Market Report – Residential, December 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, December 2012

01.25.13 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, December 2012

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for December 2012

 

For December 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 26 active condo listings. (Unchanged from November)

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10 Condo sales are pending and awaiting close or lender approval. (No change from November)

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  2 Condos sold in December (An increase of 1 condo from November)

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The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  December showed very little change from last month (which showed very little change from the previous months as well).  In fact the only change was an increase to 2 closed sales from 1 the previous month.

The one month absorption rate is up to 13 months, signifying that it’s still a buyers market.  But this will almost certainly change in the coming months.   Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.  But, with such low numbers, these indicators can easily be misleading.

The December 2011 numbers were:  37 active listings, 7 pending sales and 5 closed sales.  Not quite as robust as last year even when factoring in the smaller inventory of available homes.



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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, December 2012

 

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, December 2012

01.24.13 by

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, December 2012

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for December 2012

 

For December 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 293 active listings. ( A decrease of 8 homes from November)

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84 Residential sales are pending and awaiting close or lender approval (A decrease of 12 homes from November)

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45 Homes Sold in December (An increase of 16 homes from last month)

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Continued strong results from the Hobe Sound residential real estate market (zip code 33455) of Martin County.  A large jump in closed sales closed out 2012.  A decrease in pending sales which is not unexpected as holiday traffic is generally lighter than most other months.  The inventory also continued it’s decrease which is becoming troubling as the number of available home for sales is quite low.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 6.5 months.  Now an almost balanced market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for December 2011 were:  330 active listings, 58 pending sales and 28 closed sales.   We continue to have considerably improved activity as compared to last year.

 

Search here for Hobe Sound Florida Real Estate for Sale

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, December 2012

The Pines and Windemere in Jensen Beach

01.23.13 by

The Pines and Windemere in Jensen Beach

Located adjacent to the new Jensen Beach High School, and Felix A. Williams elementary school, among Martin County’s best schools, is only one reason why The Pines and Windemere in Jensen Beach is so desirable.

Some residents have stated “sending our children to Felix A. Williams is like having a private school in our own back yard.”  “Our Kids can walk to the new High School”

In addition to the best schools, The Pines is located just 1.5 miles from the beautiful unspoiled beaches of Hutchinson Island, a fantastic public golf course is right next door, a regional park that offers little league and soccer and many family attractions.  “we can play golf without the high cost just next door.”

For others, the best shops of the Treasure Coast Mall with a new 13-plex theater are walking distance and grocery stores are located nearby.

World famous fishing is just a ride away. Stuart is known as the “Sailfish capital of the world.”

Adjacent to the Pines, is the smaller community of Windemere and the Preserves.  Currently, D.R. Horton is in the process of building brand new affordable homes in both the Pines and Windemere subdivisions at some very affordable prices.

For any questions you may have about The Pines and Windemere in Jensen Beach, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

 Search for the Pines and Windemere Re-Sale Homes

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Residential Homes, Condos and Land
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The Pines and Windemere in Jensen Beach

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, December 2012

01.22.13 by

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, December 2012

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for December 2012

 

For December 2012 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 65 active listings. ( An increase of 9 condos from November)

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17 Condo sales are pending and awaiting close or lender approval. (Up 1 condo from November)

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5 Condos Sold (Decreased by 3 condos from November)

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The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  For the past two months there has been a significant jump in available inventory.  Up by more than 50%.  Unfortunately neither closed or pending sales have kept up with this rise as sales were off by 2 condos and pending sales rose by only one.  It remains to be seen if the increased inventory will find it’s ay to completed sales as buyers come into the winter market.

The one month absorption rate for the December 2012, Jensen Beach Florida Market Report ZIP Code 34957 is 13 months.  A strong buyer’s market.  Typically, a 6 month absorption rate is considered balanced, favoring neither the buyer or seller.

The December 2011 numbers were: 65 active listings, 11 pending sales and 6 condos closed.  Very similar numbers to this year.


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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, December 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, December 2012

01.21.13 by

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, December 2012

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for December 2012

 For December 2012in the 34957 Zip Code area of Jensen Beach, Florida :

 

 There are currently 113 active listings. (Up 2 homes from last month)

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52 Residential sales are pending and awaiting close or lender approval. (Down 21 homes from November)

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26 Homes Sold (Up 3 homes from November)

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The Jensen Beach residential real estate market, zip code 34957 for December showed a marked decrease in pending activity.  This is a typical result for the holidays as the traffic is generally lower.  Closed sales were up slightly and the inventory was also up slightly.
 
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 is 4.3 months. This is a market that favors sellers over buyers.  A 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
 
The December 2011 numbers were: 279 active listings, 75 pending sales and 25 home sales closed.  Considering the reduced inventory, the Jensen Beach real estate market activity is doing quite well.
 

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Jensen Beach, FL Real Estate

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Jensen Beach Florida Market Report ZIP Code 34957 – Residential, December 2012

Hammock Creek January 2013 Market Update

01.21.13 by

Hammock Creek January 2013 Market Update

There are currently 25 homes actively listed in Hammock Creek for December, 2012 in Palm City, Florida.  The average list price is $409,715 at $140.46 per square foot of living area.

There are 5 homes under contract awaiting closing.  One is a short sale.  The average list price is $416,760 at $148.48 per square foot of living area.

In the past 12 months, 39 homes have sold in Hammock Creek with an average sales price of $375.420 at $125.17 per square foot of living area.

Hammock Creek is a lovely gated upscale neighborhood consisting of three separate sections, The Sanctuary, The Preserve, and The Estates. The community is centered around the Hammock Creek Golf Course, a Jack Nicklaus designed course. Homes in Hammock Creek consist of one and two stories with square footage ranging from 2000 to over 5000 square feet and prices starting in the low 300’s.Most of the homes sit on generous lots with a view of either the lake, preserve, or golf course.

There are wide paver sidewalks ideal for families who enjoy biking, walking, and jogging. Close to fine shopping, nice restaurants, immediate access to I-95 and the turnpike, and A Rated Palm City schools makes Hammock Creek one of Martin County’s premier neighborhoods.

Low HOA fees ranging from approximately $260 to $390 per month depending on which section one resides .

Here are the currently available homes in Hammock Creek January 2013 Market Update

For any questions you may have about Hammock Creek January 2013 Market Update, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Palm City Florida Real Estate
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Hammock Creek January 2013 Market Update

Coming Soon 2.28 Waterfront Acres in White City

01.20.13 by

Coming Soon 2.28 Waterfront Acres in White City

An exceptional opportunity is coming soon 2.28 waterfront acres in White City, FL in River Place with over 500′ of ocean access water frontage.  Offered at an incredible $225,000

1922 Old River Road in River Place

One of a kind opportunity for Ocean access waterfront land with over 500’ of water frontage.  Room for a large home as well as guest home and multiple docks on the North Fork of the Saint Lucie River just north of Midway Rd.  This lot consists of 3 parcels that total 2.28 acres on the cul-de-sac in River Place.  Water depth is over 5’ (bridge clearance approx. 10’ and seller reports 1 hour to ocean).  This parcel is grandfathered for 15’ setback from shore of the river for a potential magnificent river view home.  Minimum of 2,000 square feet of living area required for a home. The river is fresh water in this section of the Saint Lucie River.  Very private and secluded location yet close to downtown Fort Pierce, restaurants, shopping, beaches and I-95.

Live in quiet seclusion with you own dock and still be only minutes from the vibrant downtown area of Fort Pierce.  Enjoy the plays and concerts at the Sunrise theater.  Fish off your own dock, or just a quick drive to the beaches to surf, fish or build some sand castles.  Endless possibilities for a wonderful Florida lifestyle!

More Information and Pictures for this River Place Waterfront Land for Sale

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Coming Soon 2.28 Waterfront Acres in White City

Palm City Florida Market Report ZIP Code 34990 – Condo, December 2012

01.19.13 by

Palm City Florida Market Report ZIP Code 34990 – Condo, December 2012

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for December 2012

 

For December 2012 in the 34990 Zip Code area of Palm City, Florida :



There are currently 63 active condo listings. (An increase of 2 condos from November)

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8 Condo sales are pending and awaiting close or lender approval. (Down 2 condos from last month)

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3 Condos Sold in December. (Down 2 sales for November)

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The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes.  Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results.  For December, sales were off to 3 closed, from 5 the previous month. Pending sales were also off slightly.  The inventory of available condos for sale has taken another small increase for the second month in a row.
 
The current absorption rate for condos in the 34990 zip code area is 21 months.  A very strong buyers’ market, as a balanced market is considered to be an absorption rate of around 6 months.
 
The December 2011 numbers were: 65 active listings, 3 pending sales and 1 closed sales.   Better activity this year as compared to the end of 2011.

 

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Palm City Florida Market Report ZIP Code 34990 – Condo, December 2012

Palm City Florida Market Report ZIP Code 34990 – Residential, December 2012

01.18.13 by

Palm City Florida Market Report ZIP Code 34990 – Residential, December 2012

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for December 2012

 

For December 2012 in the 34990 Zip Code area of Palm City Florida :


There are currently 398 active listings (A decrease of 6 homes from November)

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129 Residential sales are pending and awaiting close or lender approval. (A decrease of 7 homes from last month)

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45 Homes Sold in December (Decreased by 11 homes from November)

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For the Palm City, zip code 34990, area of Martin County Florida, the real estate activity slowed somewhat for the end of the year.  Both pending and closed sales were off slightly.  The inventory continued to decline as well.   I’m expecting the inventory to rise some with the new year as the current numbers are getting quite low.  If prices continue to increase, many underwater owners will be able to sell their homes with a little profit.
 

The current absorption rate stands at 8.8 months.  This rate still signifies a buyer’s market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The December 2011 numbers were:  478 active listings, 114 pending sales and 57 closed sales.  We are seeing the signs of a reduced inventory for the end of 2012 with a decreased number of closed sales.

 

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Palm City Florida Market Report ZIP Code 34990 – Residential, December 2012

Florida has money for foreclosed owners but few apply

01.17.13 by

Florida has money for foreclosed owners but few apply

TALLAHASSEE, Fla. – Jan. 17, 2013 – With a Jan. 18, 2013, deadline looming, Florida Attorney General Pam Bondi’s office, working with Rust Consulting, Inc., has started picking up the phone in a last-ditch effort to contact Floridians who may be eligible for cash payments under the national mortgage settlement.

People who went through the foreclosure process between Jan. 1, 2008, and Dec. 31, 2011, are eligible for money if they had mortgages serviced by Ally/GMAC, Bank of America, Citi, JPMorgan Chase or Wells Fargo.

“It’s difficult to reach homeowners who lost their property, because there isn’t always a clear trail once they’ve moved,” says Florida Realtors Senior Vice President of Public Policy John Sebree. “Some foreclosed owners moved to hotels; some moved out of state; some may even be homeless. Attorney General Bondi’s office has made a good faith effort to find these deserving homeowners, but not enough people know about the money.”

Bondi’s office says that claims received after Jan. 18 may be considered, but payment to those claimants isn’t guaranteed. To date, only 44 percent of eligible claimants have submitted the proper forms.

Payment checks will be mailed in mid-2013, according to Bondi. A valid claimant can expect at least $840 and probably more.

This $25 billion settlement between the nation’s five largest mortgage servicers, federal government, 49 states and the District of Columbia earmarked about $1.5 billion in payments for 2 million borrowers. In Florida, approximately $170 million will be used for the claimants. All available funds will be distributed, Bondi’s office says – none will be returned to the banks or used for any other purpose.

For more information about eligibility and filing a claim:

• Visit the master claim website: NationalMortgageSettlement.com

• Email: administrator@nationalmortgagesettlement.com

• Call toll-free: 1-866-430-8358 (hearing impaired: 1-866-494-8281). The line is staffed Monday through Friday 7 a.m. to 7 p.m. Central.

© 2013 Florida Realtors®

Palm City Farms Open House

01.17.13 by

Palm City Farms Open House

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 January 20 at 6710 SW Rattlesnake Run for an open house from 1 to 4 pm.

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

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.

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.

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.

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Stuart Florida Market Report ZIP Code 34997 – Condo, December 2012

01.16.13 by

Stuart Florida Market Report ZIP Code 34997 – Condo, December 2012

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2012

 

For December 2012 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 98 active condo listings (Increase of 1 condo form November).

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12 Condo sales are pending and awaiting close or lender approval (Down 9 from November).

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10 Condos Sold in December (An increase of 3 condos from November).

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The Stuart condo market for the area in ZIP code 34997 had a fairly slow December to end 2012.  The largest change from November was a sizable drop in pending sales.  This is typical for a December as the real estate traffic is typically slow during the Christmas season.  I am a little surprised that the closed sales numbers weren’t better at years end.

The one month absorption rate is at  9.8 months.  This is still a buyers market for the Stuart Florida Market Report ZIP Code 34997.  Typically, a 6 month absorption rate signifies a balanced market that favors neither the buyer nor the seller.

The December 2011 numbers were: 106 active listings, 21 pending sales and 15 closed sales.  Compared to December of 2011, this year’s market activity was a bit softer. 

 

 

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for December 2012

 

 

Stuart Florida Market Report ZIP Code 34997 – Residential, December 2012

01.15.13 by

Stuart Florida Market Report ZIP Code 34997 – Residential, December 2012

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for December 2012

 

There are currently 336 active listings (a decrease of 23 homes from November).

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164 Residential sales are pending and awaiting close or lender approval (A decrease of 27 homes from November).

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62 Homes Sold in December (Up 18 homes from November)

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The Stuart Florida Market Report ZIP Code 34997 finished 2012 with a strong 62 homes closed.  Pending sales were off which is not unexpected as traffic during the holiday season is typically lighter than normal.  Somewhat troubling though, is the inventory of available homes decreased by 23 homes and is very low.  I’m hoping to see this number rise as we get into the new year.  Should it stay low, we’ll see reduced activity for next year because of a lack of inventory.
 
The current one month absorption rate is at 5.4 months which indicates a slight sellers advantage for the 34997 Stuart zip code real estate market.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 month absorption rate.
 
The 2011 numbers were: 522 active listings, 176 pending listings and 78 closed sales.  The most striking number from last year is the difference in inventory of available homes for sale.
 
 

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Stuart Florida Market Report ZIP Code 34997 – Residential, December 2012