Fairwinds Cove Condos in Jensen Beach Florida

02.14.12 by

Fairwinds Cove Condos in Jensen Beach Florida

Located in beautiful Jensen Beach, Florida on the East side of the Jensen Beach Causeway is Fairwinds Cove.  A waterfront condo complex of 10 four-story buildings with only 4 suites per floor.  Many of these condos with wonderful sweeping views of the Indian River (the Intracoastal Waterway that runs through Martin County).

This condo complex built in multiple phases from 1974 to 1983 boasts two swimming pools, tennis courts, shuffleboard, waterside walking paths, a recently refurbished clubhouse with a full kitchen, meeting room, fitness room, billiards, and more.  Fairwinds Cove also has deeded docks with great access to fishing, and water sports, and only a few minutes to the crystal clear waters of the Atlantic Ocean.

Fairwinds Cove is a non-age-restricted community that allows one small pet.  There is a strong sense of community with many long-time seasonal and full-time residents.  Located within an easy walk to the beach and just a short drive to charming downtown Jensen Beach and the many amenities offered in Martin County, Florida.

Search for Fairwinds Cove Condos in Jensen Beach Florida

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Jensen Beach Real Estate is presented by:
the Gabe Sanders real estate team

Fairwinds Cove Condos in Jensen Beach Florida

Stuart Florida Market Report ZIP Code 34994 – Residential, January 2012

02.13.12 by

Stuart Florida Market Report ZIP Code 34994 – Residential, January 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for January 2012

For January 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 83 active listings (Down 4 from December).

38 Residential sales are pending and awaiting close or lender approval (Up 7 from December).

6 Homes Sold in January (Down 1 homes from December)

The 34994 ZIP code area of Stuart did a bit better than last month though 1 less home actually closed (sold) as opposed to December.  The good news is that the inventory went back down a little and pending home sales are up, indicating more activity and sales for the near future.  Comparing the activity to January of 2011 when there were 111 active listings with 42 pending sales and 6 closed sales, we’re still not seeing as robust activity as we would like.  These numbers are very similar to last year although we do have reduced inventory.

With the lower number of homes on the market this year, it will be interesting to see what happens as we continue in the height of the season these months.

Search here for Stuart Florida Real Estate for Sale

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Stuart Florida Market Report ZIP Code 34994 – Residential, January 2012

Stuart Florida Short Sale on 2 Acres

02.12.12 by

Stuart Florida Short Sale on 2 Acres
Great In-Town Location

Price Reduced – Now Only $190,000

5689 SE Ault Ave

What a wonderful opportunity for this Stuart Florida home for sale!  The price has been reduced to only $200,000 for this incredible 3, possible 4 bedroom, 2 bath, ranch home on 2 acres zoned for agriculture use to keep your taxes low. Solar hot water heater to keep utility bills low also. This unique and secluded property sits at end of a private driveway with a lake that surrounds two sides of the property. Along with the spacious home and land is a detached air-conditioned workshop/garage and an air-conditioned kennel. A professional vegetable garden set up with underground sprinklers. Lots of room for whatever you may need for a home-based business or for raising and taking care of animals. Horses permitted. A tranquil setting but still in the heart of Stuart, only minutes to schools, shopping, restaurants, and the beaches of Martin County. Many, many extras.

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Stuart Florida Real Estate is presented by:
the Gabe Sanders real estate team

Stuart Florida Short Sale on 2 Acres
Great In-Town Location

Sewalls Point Market Report – Residential, January 2012

02.11.12 by

Sewalls Point Market Report – Residential, January 2012

Sewalls Point Real Estate Snapshot, Residential Sales for January 2012

There are currently 59 active listings (an increase of 1 home for sale from December)

11 Residential sales are pending and awaiting close or lender approval (An increase of 3 from December)

3 Homes sold in December (Down 2 from December)

After a fairly good December of 2011, January was pretty tepid for the Sewalls Point housing market.   We only had three sales in January as opposed to 5 in December, two of these sales were in the middle price ranges for Sewalls Point above $450,000 (sales price).  Inventory remains quite high for Sewalls Point.  On a brighter note, pending sales were up to 11 an increase of 3 from last month.

Comparing the results to January of 2011, the inventory is down from 65 homes, pending sales were 9 last year, and 2 homes sold. Other than a lower inventory, the numbers are almost identical to a year ago.

Search here for Sewalls Point Florida Real Estate for Sale

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Sewalls Point Florida Real Estate presented by:
the Gabe Sanders real estate team

Sewalls Point Market Report – Residential, January 2012

Pipers Landing in Palm City Florida

02.08.12 by

Pipers Landing in Palm City Florida

A true world-class golfing community in Palm City with just 302 homes on 600 acres of pristine Florida natural preserve and lushly landscaped grounds.  This is a waterfront community with deep water ocean access dockage that can accommodate yachts up to 75′.

This is an equity golf course community (membership is mandatory).  Championship Joe lee designed course (6,832 yards) offering five different levels of play for all abilities.  Homes include spacious condos to spacious waterfront estate homes.  All this is in beautiful Martin County, Florida, which boasts an abundance of beautiful waterways and quaint historic areas to experience and enjoy.

Search for Pipers Landing Homes and Condos in Palm City Florida

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Palm City Real Estate is presented by:
the Gabe Sanders real estate team

Pipers Landing in Palm City Florida

Price Reduced on The Yacht and Country Club of Stuart Courtyard Villa

02.07.12 by

Price Reduced on The Yacht and Country Club of Stuart Courtyard Villa

Turn-Key Opportunity for a Fully Furnished Courtyard Home
(With Golf Cart Included!)

Have a never-ending vacation of a lifetime in this sunny bright courtyard villa in the Yacht and Country Club of Stuart.  Lying adjacent to a full 1 acre of vacant land, this 3 BR, 2 BA, 2 Car Garage home is like having a private oasis. This home is offered fully furnished and even comes with your own golf cart ready for its new owner.  Located in a guard-gated golf course community (with golf membership not mandatory) and conveniently located close to marinas, beaches, shopping, and the other amenities that Stuart, Florida has to offer.  A community pool, tennis courts, and fitness center are also available.  Great opportunity for a full-time or vacation home at an affordable price.  For fishermen & boaters, a 28′ Pro Cat fishing boat is also available, only minutes away.

Search for all Yacht and Country Club of Stuart Homes for Sale

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Stuart Florida Real Estate presented by:

the Gabe Sanders real estate team

Price Reduced on The Yacht and Country Club of Stuart Courtyard Villa

Sandpiper Bay Foreclosure Home in Port Saint Lucie – SOLD!

02.06.12 by

Sandpiper Bay Foreclosure Home in Port Saint Lucie – SOLD!

A very happy family just moved into this exceptional Sandpiper Bay foreclosure home in Port Saint Lucie, Florida.

Beautiful home in Sandpiper backing to Howards Creek, with a fenced back yard, 4 bedrooms, 2.5 baths, a beautiful big kitchen with center island, skylights, tons of storage, and an oversized 2-car garage.  This is a bank-owned property.

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Treasure Coast Florida Real Estate presented by:

the Gabe Sanders real estate team

Sandpiper Bay Foreclosure Home in Port Saint Lucie – SOLD!

Whispering Sound Villa in Palm City – Price Reduced

02.05.12 by

Whispering Sound Villa in Palm City – Price Reduced

Enjoy carefree living in this beautiful attached villa in the popular adult community of Whispering Sound. Tasteful, neutral decor. Spacious, open living room and dining room with vaulted ceilings, and skylight. Florida room with sliding doors to the private, screened patio – perfect for outdoor dining. Large kitchen with skylight. Cozy breakfast area with window. Oversize kitchen pantry. Full-size washer/driver in a separate closet. Comfortable master bedroom with sitting area, and two large walk-in closets. Ceramic tiled master bath with shower, and linen closet. Bright guest bedroom. Tiled guest bath. Bonus hall storage closet, linen closet. Attached garage. New AC. Accordion hurricane shutters. Social, active community with a heated pool, clubhouse, and activities.

Search the MLS for Whispering Sound Homes and Villas for Sale

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Palm City Florida Real Estate presented by:

the Gabe Sanders real estate team

 

Whispering Sound Villa in Palm City – Price Reduced

Newer 4 BR Harbour Pointe Lakeside Home in Palm City, Florida – Price Reduced

02.03.12 by

Newer 4 BR Harbour Pointe Lakeside Home in Palm City, Florida – Price Reduced

Now offered for $370,000 – great value!

Spacious master suite upstairs with a connecting junior suite that can be a nursery, office, or a 5th bedroom. Two additional bedrooms on the 2’nd floor (one oversized – and possible to split into 2 for a 6th BR). The utility room is conveniently located upstairs. Modern kitchen with breakfast bar and dining nook overlooking the screened lanai with hot tub (stays) all with serene lake views. 8′ doors throughout. Low HOA fees. An oversized garage can accommodate large vehicles or possibly a boat. Conveniently located close to schools, public boat ramps, shopping, and the turnpike.

ABOUT HARBOUR POINTE:

Harbour Pointe is located in gorgeous Palm City. This gated community features modern homes with open floor plans that have many of the amenities that home buyers have sought after with an ideal location that is the envy of many in Martin County! Residents enjoy preserve and lake views in spacious custom-designed homes. Harbour Pointe is close to Palm City Elementary, Hidden Oaks Middle School, and Martin County High School, which are among the A-rated schools of Martin County. Close to shopping, restaurants as well as the beaches of Martin County as well as Harbor Pointe’s proximity to i-95 and Florida’s Turnpike makes it a commuters dream!

Search for Harbour Pointe Homes for Sale in Palm City Florida Real Estate

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Palm City Florida Real Estate
is presented by:

the Gabe Sanders real estate team

Newer 4 BR Harbour Pointe Lakeside Home in Palm City, Florida – Price Reduced

Evergreen Club Home in Palm City – SOLD!

02.01.12 by

Evergreen Club Home in Palm City – SOLD!

There’s a very happy family that just moved into this exceptional Evergreen Club home in Palm City, Florida.

Lovely large open and bright 4 bedroom 2 and a half bathroom pool home situated high and stately on a 1 acre lot on the c-23 canal.  The foyer entry leads to a large formal living room with high vaulted ceilings & tile floors.  The open kitchen boasts a gas range, wood cabinets, corian counter tops and a large eat in island overlooking a spacious family room and formal dining rm.  A HUGE Florida room with a wall of thermopane windows &  french doors that open to a fenced pool (new in 2005) along with the privacy that 1 acre of land affords.  Fish or canoe on the c-23 canal…no ocean access.  Over sized master bedroom with more than ample walk-in closet, private  exercise room, sitting room and even an office off the master suite.  Large beautifully remodeled master bath with dual sinks, spa tub and walk-in shower.  All of the bedrooms are over sized.   Includes a tranquil pond in front yard and a 2.5 car garage.

The Evergreen Club

Nestled in a secluded corner of PalmCity, The Evergreen Club is an elegant gated community that it’s residents love to call home.  The community is close to it all; ‘A’ rated schools, boat ramps, theatres, fantastic local restaurants, shopping, and beautiful beaches! The Evergreen Club is known for its 18-hole championship golf course that does not require an expensive membership to play.  Every home is unique and will be sure to have something special about it that will charm you.  Located on a beautiful 520 acre parcel, each of the 299 homes feature at least one acre of land for a spacious non crowded feeling!  Enjoy all the beautifulFloridasights that The Evergreen Club has to offer, you may find yourself rarely wanting to leave home!  Golf club membership is not mandatory but if you are a member of The Evergreen Club you will enjoy full golf privileges, dining privileges and fun social events. There are no dining minimums, no assessments or large down payments.

Search for all Evergreen Club Homes for Sale

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Palm City Florida Real Estate presented by:

the Gabe Sanders real estate team

Evergreen Club Home in Palm City – SOLD!

Palm Cove Golf and Yacht Club Pool Home with 50′ Dock – Price Reduced

01.31.12 by

Palm Cove Golf and Yacht Club Pool Home with 50′ Dock – Price Reduced

Exceptional opportunity in the Palm Cove Golf and Yacht Club now priced at only $439,000

Enjoy the best of Florida living with this impeccable Palm Cove Golf and Yacht Club home for sale. Easy care exceptional two-story home in Palm Cove featuring the very best of palm City real estate. Open living and dining room, soaring ceiling highlighted by an impressive chandelier. Gourmet eat-in kitchen, granite counters, top-line appliances, pantry. Comfortable family room with custom wood shutters, and sliding doors to patio. Large first-floor master suite with two closets, double sinks/vanities in master bath. The second floor has a great floor plan with a media/computer loft area, two bedrooms, bath. Sellers installed a large, heated screened pool in 2004 with brick pavers, and a fun lounge area with an astroturf. Unobstructed views of the lake and the 14th fairway. 50′ prime boat slip for power or sailboat is also available. Community clubhouse, non-equity golf, protected marina.

Search for all Palm Cove Golf and Yacht Club Homes for Sale

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Stuart Florida Real Estate presented by:

the Gabe Sanders real estate team

Palm Cove Golf and Yacht Club Pool Home with 50′ Dock – Price Reduced

Suntide Condos on Hutchinson Island in Stuart Florida

01.30.12 by

Suntide Condos on Hutchinson Island in Stuart Florida

Located on Hutchinson Island in uncrowded and unspoiled Martin County, the  Suntide Building is one of the premier oceanfront condos in Stuart, Florida.  Boasting truly fine amenities with a protected pool, private beach access, and hard-to-find under-building protected parking.  There’s a full clubhouse with a fitness center, pool table, card room, library, full kitchen, and reading room.

Suntide has all two-bedroom, two-bath condos that come in four different configurations and sizes.  The largest of these features an office, and sitting room than can possibly double as an extra bedroom.  Many units have direct and unspoiled ocean views.  One of the best-run associations in Stuart, this fine complex is always a desirable destination for those who have made it their permanent residence and those who enjoy it as a vacation getaway.

The Hutchinson House condos are one of the few condo developments that are pet friendly and allow for up to 2 large pets.  Please call or view the search link below for currently available Hutchinson House condos.

Search for Suntide Condos on Hutchinson Island in Stuart Florida

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Hutchinson Island Real Estate is presented by:
the Gabe Sanders real estate team

Suntide Condos on Hutchinson Island in Stuart Florida

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, December 2011

01.29.12 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, December 2011

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for December 2011

For December 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 37 active condo listings. (Down 3 from last November)

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

 5 Condos Sales closed in December (Up from zero sales in November)

The Hobe Sound condo market (Zip Code 33455) is a very small segment of both Hobe Sound real estate as well as the smallest condo market on the Treasure Coast.  December did show promising results though and this segment departed from the rest of Martin County by positive numbers in a decreased inventory and 5 sales when there were none in November. Compared to last year, where there were 40 listings, 3 pending sales, and 5 closed sales, the market has not changed much for Hobe Sound.

Hopefully, we’ll see some improvement in sales in the coming months, but as long as the inventory stays this small, we just don’t see any appreciable rise in numbers. Most of this product is in the lower price ranges, where we expect to see activity.

 

Search here for Hobe Sound Florida Real Estate for Sale ( Condos)

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, December 2011

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, December 2011

01.28.12 by

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, December 2011

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for December 2011

For December 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 330 active listings. ( An increase of 14 homes from November)

58 Residential sales are pending and awaiting close or lender approval (A decrease of 13 homes from November)

28 Homes Sold in December (An increase of 13 homes from last month)

 Along with most of Martin County, the Hobe Sound real estate market (ZIP Code 33455) had increasing inventory and decreasing pending sales from last month. Closed sales were the bright note, as 28 homes were sold in December, an increase of 13 homes from November.

Compared to last December, we had 374 active listings, 47 pending sales, and 28 closed sales.  Closed sales were equal to last year, with about 10% less active inventory and pending sales were lower as well.

Provided we don’t see a drastic increase in distressed properties (short sales and bank-owned foreclosures), we should be in line for a good performance from the Hobe Sound real estate market in 2012.

Search here for Hobe Sound Florida Real Estate for Sale

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, December 2011

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

5675 SW Mapp Road – Ocean Access Waterfront Pool Home in palm City Florida – Open House

01.28.12 by

5675 SW Mapp Road – Ocean Access Waterfront Pool Home in Palm City Florida – Open House

Open House on Sunday, January 29 from 1 to 4 p.m. to view this secluded spacious Palm City Waterfront Home

5 BR, 3 BA, Pool Home with 4 Car Garage and Ocean Access Dock and LiftOnly $550,000

Wonderful opportunity for a family in need of 5 BR’s or for those who have all of their relatives visit them in Palm City, Florida so they can go swimming and boating all winter while others are busy shoveling snow up north!

This spacious Palm City waterfront home rests on nearly an acre of lushly landscaped natural beauty! Tucked away for maximum privacy, this screened pool home overlooks private serene canals with ocean access along with serene preserve views. The inviting living area boasts an open floor plan with vaulted ceilings, a gourmet kitchen complete with 42 inch oak cabinets, SS appliances, and granite countertops. A true 5BR plus den with a large master retreat that has an additional bonus room ideal for a nursery, gym, or office. Bonus features of this home are impact glass windows, ample closets and storage, 2 zone AC, High efficiency Tanin water filter system, double-sided wood-burning fireplace and a 4 car tandem detached garage. All in an ‘A’ rated school district in Martin County, Florida.

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Palm City Real Estate is presented by:

the Gabe Sanders real estate team

5675 SW Mapp Road – Ocean Access Waterfront Pool Home in Palm City Florida – Open House

Palm City Florida Market Report ZIP Code 34990 – Condo, December 2011

01.27.12 by

Palm City Florida Market Report ZIP Code 34990 – Condo, December 2011

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for December 2011

For December 2011 in the 34990 Zip Code area of Palm City, Florida :

There are currently 65 active condo listings. (Up 5 from November)

3 Condo sales are pending and awaiting close or lender approval. (Unchanged from last month)

1 Condo Sold in December. (Unchanged from November)

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 townhomes. With only 65 currently active listings, it is not a very large market.  Last year at this time there were 78 active listings, and the market was more active with 5 pending sales and 6 closed sales as compared to this year’s anemic 3 and 1 respectively. The condo market overall remains significantly more sluggish as compared to the single-family residential market.

Speculating on the reasons for this could be the current low prices of single-family units. The difficulty of obtaining financing for condos in this lending environment and the nervousness regarding the economy and future are being felt by the more senior set that tends to go for the condo type of housing. Condo sales tend to be more active after the holidays and we will hopefully see an increase in activity following the holiday season.

Search here for Palm City Florida Real Estate for Sale ( Condos)

Palm City Florida Real Estate presented by:
Gabe Sanders

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Palm City Florida Market Report ZIP Code 34990 – Condo, December 2011

Newer Lakeside Home in Harbour Pointe in Palm City, Florida – Open House

01.27.12 by

Newer Lakeside Home in Harbour Pointe in Palm City, Florida – Open House

Open House – Sunday, January 29, 2012, from 1 to 4 p.m.

Please visit our open house this Sunday, January 29, 2012. Wonderful opportunity to enjoy a newer 4 bedroom lakeside home in Harbour Pointe, an upscale gated Palm City community. 2005 DiVosta concrete construction with over 3000 sq. ft. under air.

Spacious master suite upstairs with a connecting junior suite that can be a nursery, office, or a 5th bedroom. Two additional bedrooms on 2’nd floor (one oversized – and possible to split into 2 for a 6th BR). The utility room is conveniently located upstairs. Modern kitchen with breakfast bar and dining nook overlooking the screened lanai with hot tub (stays) all with serene lake views. 8′ doors throughout. Low HOA fees. An oversized garage can accommodate large vehicles or possibly a boat. Conveniently located close to schools, public boat ramps, shopping and turnpike.

ABOUT HARBOUR POINTE:

Harbour Pointe is located in gorgeous Palm City. This gated community features modern homes with open floor plans that have many of the amenities that home buyers have sought after with an ideal location that is the envy of many in Martin County! Residents enjoy preserve and lake views in spacious custom-designed homes. Harbour Pointe is close to Palm City Elementary, Hidden Oaks Middle School and Martin County High School, which are among the ‘A’ rated schools of Martin County. Close to shopping, restaurants as well as the beaches of Martin County as well as Harbor Pointe’s proximity to i-95 and Florida’s Turnpike makes it a commuters dream!

Search for Harbour Pointe Homes for Sale in Palm City Florida Real Estate

Palm City Florida Real Estate
is presented by:

the Gabe Sanders real estate team

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Open House – Sunday, January 29, 2012

Harbour Pointe Open House this Sunday in Palm City, Florida

The Yacht and Country Club of Stuart Courtyard Villa – Open House

01.26.12 by

The Yacht and Country Club of Stuart Courtyard Villa – Open House

Turn-Key Opportunity for a Fully Furnished Courtyard Home
(With Golf Cart Included!)

Open House on January 29 from 1:00 p.m. to 4:00 p.m.

Have a never-ending vacation of a lifetime in this sunny bright courtyard villa in the Yacht and Country Club of Stuart.  Lying adjacent to a full 1 acre of vacant land, this 3 BR, 2 BA, 2 Car Garage home is like having a private oasis. This home is offered fully furnished and even comes with your own golf cart ready for its new owner.  Located in a guard-gated golf course community (with golf membership not mandatory) and conveniently located close to marinas, beaches, shopping and the other amenities that Stuart, Florida has to offer.  Community pool, tennis courts and fitness center are also available.  Great opportunity for a full-time or vacation home at an affordable price.  For fishermen & boaters, there’s a 28′ Pro Cat fishing boat that is also available, only minutes away.

Search for all Yacht and Country Club of Stuart Homes for Sale

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Stuart Florida Real Estate presented by:

the Gabe Sanders real estate team

The Yacht and Country Club of Stuart Courtyard Villa – Open House

Martin County Florida Condo Market Report for December 2011

01.25.12 by

Martin County Florida Condo Market Report for December 2011

Commentary:

After a small retreat in November, the Martin County Florida condo market report for December 2011 posted some solid numbers.  Sales for December were up to 52 units, down from December of 2010 of 54 units but better than November’s anemic 35.  Both median and average sales prices were up, but this is not an indication of rising prices, unfortunately, but rather the mix of condos that sold in December.  Currently, some of the more moderate-priced condos are selling, which is driving these averages up.

The inventory is now down to 673 condos, which is down from 676 last month and from 780 in December of 2010.  A decreased inventory generally will trigger an increase in demand as the supply of existing units just isn’t available increasing the urgency for buyers.

Unfortunately, the absorption rate remains troubling on the higher end, with December’s one-month value of 13 months and the three-month moving average of 14.3 months.  We need to get the absorption rate below 9 months for a healthy market and down to 6 or 7 months to be considered a balanced one.

The big uncertainty that remains is the economy. We believe that if we have any sustained good news, we will see a pretty good rush on the market which will be a nice change from the present. For the longer term, even though we have the best mortgage rates in history at the moment, inflation is making news and this is not good for rates down the line. The Fed. is working hard to keep rates down, but for how long, we’re just not too sure.

Our outlook for Martin County is fairly positive as for buyers, prices and rates remain very attractive. For sellers, it doesn’t look like we’re going to see any significant improvements soon, so if you need to sell, you may be better off now than possibly in the near future.

Click on the individual charts to see charts in expanded mode.

Condo Market Report for December 2011 in Martin County, Florida

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, visit our website or call us at (772) 888-2885.
Our market reports are here!

Martin County Florida Residential Market Report for December 2011

01.24.12 by

Martin County Florida Residential Market Report for December 2011

Commentary:

The Martin County Florida residential market report for December 2011 ends the year on a very positive note.  Sales volume (160 units) was up as compared to both last year (148) and last month (135).  The one-month absorption rate is down to just under 9 months.  This is the best value for a December time period since the current housing difficulties started.

The average sales price was down slightly from last year, while the median is up by a little.  Basically, for the market as a whole, it appears that prices have stabilized. Listing prices for December were up (both average and median) as sellers felt that the market has strengthened and are trying to get the best possible value for their homes.  It remains to be seen if they will be successful.   This was another month of increasing inventory as we are up to 1426 homes available compared to 1364 in November, but still better than the 1800 home inventory we had in December of 2010, and considerably down from the peak of 2980 homes in March of 2007.

Our outlook for Martin County remains cautiously optimistic as prices and rates remain at historic low levels. For sellers, homes are selling, and if priced and presented optimally, they are going quickly.  Buyers are seeing historically low-interest rates and very affordable quality homes in almost all price ranges.

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

Click on the individual charts to see charts in expanded mode.

Residential Market Report for December 2011 in Martin County, Florida

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, visit our website or call us at (772) 888-2885.
Our market reports are here!