Feds: House prices rose for second month

07.21.11 by

This just in from the Florida Realtors:

Feds: House prices rose for second month

WASHINGTON – July 21, 2011 – U.S. house prices rose 0.4 percent on a seasonally adjusted basis from April to May, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 0.8 percent increase in April was revised to a 0.2 percent increase.

For the 12 months ending in May, U.S. prices fell 6.3 percent. The U.S. index is 19.6 percent below its April 2007 peak and roughly the same as the January 2004 index level.

The FHFA monthly index is calculated using purchase prices of houses backing mortgages that have been sold to or guaranteed by Fannie Mae or Freddie Mac. For the nine Census Divisions, seasonally adjusted monthly price changes from April to May ranged from -1.0 percent in the West South Central Division to +2.0 percent in the Mountain Division.

© 2011 Florida Realtors®

As always, don’t put to much stock into national reports and stats.  Real estate remains an extremely local market and some locations do much better than others for various reasons.  Please check out our market statistics for information about the local area.

Feds: House prices rose for the second month

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Treasure Coast Florida Real Estate is presented by:
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Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34997, Residential Sales for June 2011

07.21.11 by

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34997, Residential Sales for June 2011

For June 2011 in the 34997 Zip Code area of Stuart, Florida :

There are currently 528 active listings (down 20 from May).

164 Residential sales are pending and awaiting close or lender approval (down 9 from last month).

60 Homes Sold in May (Up 7 from May)

For zip code 34997 in Stuart Florida, June sales were up by 7 homes while pending sales were off signifying a coming slower market for the summer and fall months, which is the typical seasonal pattern for the Treasure Coast real estate market.  The inventory continues to decline and we are back to 2005 levels which was prior to the big market slowdown.  When the supply of existing homes for sale decreases enough to equal the demand, we will then be back to a balanced (or normal) real estate market which will result in a slow increase of values once again as prices will start to once again rise.

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34997, Residential Sales for June 2011

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Beautifully Updated Waterfront Pool Home for Sale in Palm City – SOLD in 25 Days!

07.20.11 by

 

Beautifully Updated Waterfront Pool Home for Sale in Palm City – SOLD in 25 Days!


Pelican Cove

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Waterfront paradise in the private secluded Pelican Cove neighborhood of Palm City! This totally remodeled and updated home with 110′ on a deep water canal that is only 4 lots from the wide open Saint Lucie River and only a short ride to the wide open waters of the Atlantic Ocean. This fully upgraded home features 3 Br’s, 2 Baths and a 2 car garage. A screened gas heated pool and spa with large lanai and a built in chef’s gas grill. Totally renovated kitchen with high quality granite surfaces, gas cook top, custom cabinets, Sub Zero 70 bottle wine cooler, and much more. Beautiful hickory hardwood floors in all living areas and master bedroom. Solar hot water augments the electric water heater for low utility bills. Many more refinements, please call for a complete list.
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Lushly landscaped in a wonderful quiet neighborhood with ‘A’ rated schools and close to shopping, the turnpike as well as only minutes to the pristine beaches of Martin County. Very competitively priced, this home is ready for its new owner.
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Ocean access waterfront home with large deep water dock and screened pool.
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Sold in 25 days for 94% of listing price!
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More Information and Pictures for this Palm City Florida Home for Sale

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Search for All Palm City Waterfront Florida Real Estate

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Beautifully Updated Waterfront Pool Home for Sale in Palm City – SOLD in 25 Days!

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

Hammock Creek Pool Home in Palm City Florida – Price Reduced

07.19.11 by

Hammock Creek Pool Home in Palm City Florida – Price Reduced, Now $375,000!

2554 SW Mayacoo Way

Beautifully upgraded 5BR, 3BA, 3 Car Garage, pool home on a private lot in highly desirable Hammock Creek in Palm City, Florida. This home is located with preserve views of a non-equity professional Golf Course.

An 8-foot entry door that leads into a spacious, open floor plan. Beautiful tile floors throughout, crown molding and decorative chair railings. Chef’s dream kitchen with ample counter space, top-of-the-line appliances, storage, 3 pantries, recessed lighting, and 42″ cabinets with beautiful granite countertops! The family room off the kitchen has surround sound and sliding glass doors that lead out to a landscaped tropical oasis. The covered lanai provides shade as the custom pool with a glass block waterfall warms in the afternoons! A New Solar water heater and 2 new high-efficiency AC’s keep electric bills low. Transfer Switch included. Very easy to see, just call Gabe or Susan!

Also available for lease option to purchase!

Search for All Hammock Creek Homes for Sale in Palm City Florida Real Estate

Hammock Creek Pool Home in Palm City Florida – Price Reduced

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

Condominium Market Report for June 2011 in Martin County, Florida

07.18.11 by

Condominium Market Report for June 2011 in Martin County, Florida

We’re beginning to see a fairly typical slowdown of condo sales for the summer months, as generally condo sales in Martin County tend to be seasonal on average.  Prices are still decreasing in most segments, but at a very gradual pace and we expect it to firm up a bit.  The big unknown is the number of distressed condos that may come on the market next season as well as pent-up seller demand that may increase inventory.  If inventory increases, expect prices to continue decline.

To view these graphs in expanded mode just click anywhere in the chart. Click again to close.

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!

Condominium Market Report for June 2011 in Martin County, Florida

Residential Market Report for June 2011 in Martin County, Florida

07.18.11 by

Residential Market Report for June 2011 in Martin County, Florida

Fairly strong market activity report for June 2011 in Martin County, Florida.  Only a small decrease in volume from last year when there was a skewed increase in activity from the first-time home buyers tax credit.  Interesting to note, average sale prices have increased for the county.  Some of this result is from some higher-priced homes beginning to sell and not necessarily an increase in value for existing resales.  However, prices seem to have leveled off in certain market segments.

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

Residential Market Report for June 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!

Coming Soon – Harbour Pointe Home for Sale in Palm City, Florida

07.17.11 by

Coming Soon – Harbour Pointe Home for Sale in Palm City, Florida

Wonderful opportunity to enjoy a newer 4 bedroom lakeside home in 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 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. It is conveniently located close to schools, public boat ramps, shopping and the turnpike.

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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, 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
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is presented by:

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Coming Soon – Harbour Pointe Home for Sale in Palm City, Florida

Just Listed – Pinecrest Lakes 5 BR Pool Home for Sale

07.16.11 by

Pinecrest Lakes 5 BR Pool Home for Sale

Just Listed – Jensen Beach Real Estate

Bring the family, it’s a must-see! True 5BR 3 BA updated pool home in desirable Pinecrest Lakes! The improvements are done and are ready for the new owner.

Gracious open floor plan with formal DR magnificent for entertaining and family gatherings. Upgrades include remodeled large eat-in kitchen with Silestone counters, SS appliances and designer cabinets, a kitchen island and walk-in pantry. This split plan home boasts 2 Master BR suites, ideal for mother-in-law, guests, nanny, or teens, and 3 additional generous-sized bedrooms with oversized closets and storage galore!

This beautifully landscaped 1+ acre backyard offers a screened-in heated pool with spa, updated pool deck, and backyard with endless possibilities.

Included with the sale is a 15k generator with an independent transfer switch. 2 car garage with a storage closet, a security system and enhanced hurricane protection. Room enough for a big family or room to grow! Only minutes away from A+ rated schools, beach, shopping, dining, and fishing yet tucked nicely into Pinecrest Lakes!

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

Just Listed – Pinecrest Lakes 5 BR Pool Home for Sale

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

Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34996, Condo Sales for June 2011

07.15.11 by

Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34996, Condo Sales for June 2011

For June 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 203 active condo listings (down 8 from last month).

21 Condo sales are pending and awaiting close or lender approval (down 17 from May).

30 Condos Sold in June (Up 8 units from last month)

The condo market for zip code 34996 in Stuart saw an increase in closed sales while pending sales showed a marked decline.  Not unusual as the summer season tends to be slow for condo sales, which are mostly seasonal homes for our residents from the north.  Inventory continues to decrease, which is a good sign.  Once the supply becomes more in balance with the demand, prices will stop declining and will once again begin to rise.  Interestingly enough, quite a few higher-end condos were sold last month.

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

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

Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34996, Condo Sales for June 2011

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

Stuart Florida Market Report ZIP Code 34996 – Residential, June 2011

07.14.11 by

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for June 2011

For June 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 167 active listings (down 13 from last month).

33 Residential sales are pending and awaiting close or lender approval (up 2 from May).

6 Homes Sold in May (down 2 from May).

For the second month in a row, sales of existing single-family homes dropped slightly in the 34996 zip code area of Stuart Florida.  Other market statistics are a bit more hopeful as the inventory is down again and pending sales also had a rise.  Considering the poor economic news during the month of June, this is not a bad result.  The market is ready for a turnaround when the economy can start its recovery.

Search here for Stuart Florida Real Estate for Sale

Stuart, FL Real Estate

Rental Properties

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For more information, visit our website or call us at (772) 888-2885.
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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for June 2011

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

Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34994, Condo Sales for June 2011

07.13.11 by

Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34994, Condo Sales for June 2011

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

There are currently 148 active condo listings (Down 6 from last month).

44 Condo sales are pending and awaiting close or lender approval. (an increase of 8 from May)

10 Condos Sold in June (down 3 units from last month).

After a fairly disappointing May, June has some positive statistics for the condo market in the 34994 zip code area for Stuart Florida.  While sales were off by 3 units, the inventory further declined by another 6 condos and the pending sales rose by 8 units.  Fairly strong numbers during a month with some very poor economic news that have kept many seasonal and second home buyers on the sidelines worried about the future.

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

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

Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34994, Condo Sales for June 2011

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

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for June 2011

07.12.11 by

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for June 2011

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

There are currently 79 active listings (Down 10 from May).

36 Residential sales are pending and awaiting close or lender approval (up 5 from last month).

10 Homes Sold in June (up 1 from May)

Residential market activity for the 34994 zip code area of Stuart Florida was strong for June 2011.  Sales were up by one unit to 10, but more importantly over a 10% decrease in inventory as well as a solid increase to 36 pending sales.  All this during a month of fairly bad economic news with a lot of uncertainty as to the future economic conditions of the area.  As the inventory declines, and fewer homes are available, eventually, pressure for increased prices will come.

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!

Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for June 2011

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

Coming Soon – Pinecrest Lakes Home for Sale

07.11.11 by

Coming Soon – Pinecrest Lakes Home for Sale

Bring the family, it’s a must-see! True 5BR 3 BA updated pool home in desirable Pinecrest Lakes!  The improvements are done and are ready for the new owner.  

Gracious open floor plan with formal DR magnificent for entertaining and family gatherings.  Upgrades include remodeled large eat-in kitchen with Silestone counters, SS appliances and designer cabinets, a kitchen island and walk-in pantry.  This split plan home boasts 2 Master BR suites, ideal for mother-in-law, guests, nanny, or teens, and 3 additional generous-sized bedrooms with oversized closets and storage galore!

This beautifully landscaped 1+ acre backyard offers a screened-in heated pool with spa, updated pool deck, and backyard with endless possibilities.

Included with the sale is a 15k generator with an independent transfer switch.  2 car garage with a storage closet, a security system and enhanced hurricane protection. Room enough for big family or room to grow!  Only minutes away from A+ rated schools, beach, shopping, dining, and fishing yet tucked nicely into Pinecrest Lakes!

ABOUT PINECREST LAKES

Pinecrest Lakes in Jensen Beach, Florida was first developed in the late 70’s and early 80’s during a time when the Martin County Commissioners were notoriously stringent and restrictive about new developments in the area.  Consequently, this community has a distinctive feel and flavor.  All homes are on at least a 1/2 acre lot with many on larger 1 to 2 acre lots.  None of the homes are identical and all types of construction and paint schemes are allowed.

Pinecrest Lakes is located south of NE Jensen Beach Boulevard and just east of the new Green River parkway.  Residents enjoy wide winding streets with sidewalks, street lights, underground utilities and public water.  Community features include tot lots, parks, lakes and tennis courts.

Pinecrest Lakes is located in Martin County’s “A” rated school district.  The local public elementary school, Jensen Beach Elementary School, is less than a mile away, within easy walking and biking distance for students.  Students also attend Stuart Middle School in Stuart and Jensen Beach High School located approximately 1 mile northwest of the community on NE Jensen Beach Boulevard.

Pinecrest Lakes is also about 1 mile to the east of the Treasure Coast Square Mall, Martin County’s main shopping center. Residents are a short ride away from the beautiful beaches on Hutchinson Island, historic downtown Jensen Beach, Indian Riverside Park as well as numerous boat ramps and marinas that serve the vast boating resources available in Martin County.

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

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

Coming Soon – Pinecrest Lakes Home for Sale

Price Slashed on Palm Cove Golf and Yacht Club Town-Homes for Sale in Palm City, Florida

07.10.11 by

 Price Slashed on Palm Cove Golf and Yacht Club Town-Homes for Sale in Palm City, Florida

Short Sale – Bank says list at $218,400!

Wonderful opportunity to live in a gated Golf Course and Yachting community in Palm City. This spacious 3 BR, 3.5 Bath Town-Home with a two-car garage is situated on a private cul-de-sac location. This updated home features ample space in an open plan with granite counters and stainless appliances. Large walk-in closets with custom treatments. The master bedroom is downstairs. A second bedroom upstairs features a spacious balcony with sweeping preserve views and peaks of the river. There’s a small in-ground pool for relaxing and enjoying cocktails after a fun day on the links or a great day of fishing. This is a gated community. Currently, docks are available to purchase and golf course membership is not mandatory. Great full or part-time home!

This townhome is located in palm Cove Golf and Yacht Club – Championship 18 hole golf course, deep water docks are available for purchase or lease. A magnificent clubhouse with a large heated pool and fitness center.

Search for 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!

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

Short Sale – Bank says list at $218,400!

 Price Slashed on Palm Cove Golf and Yacht Club Town-Homes for Sale in Palm City, Florida

Market Report: Sewalls Point, Florida Real Estate Snapshot, Residential Sales for June 2011

07.10.11 by

Market Report: Sewalls Point, Florida Real Estate Snapshot, Residential Sales for June 2011

For June 2011 in Sewalls Point, Florida :

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

15 Residential sales are pending and awaiting close or lender approval (Up 5 from May)

In June of 2011, no homes were sold in Sewalls Point.  This unfortunate statistic is replaced by some positives as pending sales increased to 15 (by 5 from May) and the inventory has decreased by 6 to 52 active listings.  Summer sales are sluggish along with some major uncertainty for the economy that has many potential buyers waiting on the sidelines for some positive news to allay their fears.

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Market Report: Sewalls Point, Florida Real Estate Snapshot, Residential Sales for June 2011

For more information, visit our website or call us at (772) 888-2885.
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Sewalls Point Florida Real Estate presented by:
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Parkwood Homes for Sale in Stuart, Florida – SOLD!

07.09.11 by

Parkwood Homes for Sale in Stuart, Florida – SOLD!

Great opportunity on a bank-owned home just purchased by our buyers in the Parkwood section of Stuart Florida.  Featuring a great convenient location just off of US-1, with very low HOA fees and a community pool.

3/2/2 home features dining, living, family, and screened porch. The kitchen offers a double-door refrigerator with ice & water on the door, a smooth-top range, a microwave, and a snack bar overlooking the family room. Inside utility room with washer, dryer, and laundry tub. Other features include ceramic tile flooring, an auto garage opener, pull-down attic access, and an under-truss screened porch.
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

Parkwood Homes for Sale in Stuart, Florida – SOLD!

the Princess of Hutchinson Island Condos for Sale

07.07.11 by

the Princess of Hutchinson Island Condos for Sale

Just Listed!

9650 SE Ocean Drive in Jensen Beach, Florida – Suite 508

Now available in one of the premier oceanfront condos on Hutchinson Island in Jensen Beach, Florida.

Princess of Hutchinson Island – 5th floor, direct/full ocean view.  The unit includes an updated kitchen with granite counters, raised white panel kitchen cabinets, double sinks, a pantry, recessed lighting, a breakfast nook, a wet bar with a granite counter, and a walk-in closet with custom shelving.  Amenities include a social room, fitness room, billiards, kitchen sauna, pool, tennis, putting green and dune walk to the beach.

All Condos Currently Available in the Princess of Hutchinson Island

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

Just Listed!

the Princess of Hutchinson Island Condos for Sale

Another Highlands Reserve Home for Sale in Palm City Florida – SOLD

07.06.11 by

Another Highlands Reserve Home for Sale in Palm City Florida – SOLD
5351 SW Longspur Way

Lovely 2-story, open floor plan in Highlands Reserve.  Lots of upgrades including granite counters and stainless appliances.  Brand new construction, in a gorgeous community full of amenities.

Highlands Reserve is Palm City’s newest upscale community. Enter the magnificent gates and surround yourself with the well-appointed amenities of the clubhouse and the natural beauty of this community. Included are paths into winding nature trails that will offer dramatic views of surrounding natural preserves and serene lakes.

Community Comforts at Highlands Reserve

  • Gated Entry
  • Community resort-style heated swimming pool
  • Shaded pavilion next to the pool
  • 4600 Sq ft. clubhouse featuring a state-of-the-art fitness center, activities center, kitchen, covered breezeway and pavilion
  • Children’s tot lot
  • Covered BBQ pavilion and picnic area
  • Two tennis courts
  • Full-service lawn maintenance
  • Nature trails
  • Over 200 acres of natural preserves
  • Over 40 acres of tranquil lakes

Located only seconds from I-95 and within minutes of shopping, beaches and the laid back easy lifestyle and comforts of Martin County. Perfect for the family with an ‘A’ rated school system. Only 30 minutes to West Palm Beach and 2 hours to Orlando.

Search for All Palm City Florida Real Estate

For more information, visit our website or call us at (772) 888-2885.
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Another Highlands Reserve Home for Sale in Palm City Florida – SOLD

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

Meadow Run at Fox Grove 5 Acre Cleared Lot – SOLD!

07.05.11 by

Meadow Run at Fox Grove
5 Acre Cleared Lot – SOLD!.

Meadow Run at Fox Grove is an upscale gated community of 5-acre lots in Palm City. Easy access to I-95 and the Turnpike and only minutes from shopping, beaches, ‘A’ rated school system of Martin County, beaches and the numerous waterways of Florida’s Treasure Coast. Be among the first to build your dream home on 5 cleared and pristine acres. If you desire, horses are permitted. A 3,300 sq. ft. minimum home is required in Meadow Run. Owner financing is available..

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!
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Meadow Run at Fox Grove
5 Acre Cleared Lot – SOLD!.

Palm City Florida Real Estate presented by
the Gabe Sanders real estate team
.

Foxwood Homes for Sale in Stuart, Florida – SOLD!

07.03.11 by

Foxwood Homes for Sale in Stuart, Florida – SOLD!

This exceptional home is located in the wonderful spacious community of Foxwood which is only 3 minutes to I-95 & 10 minutes to Palm Beach County with the additional benefits of Martin County’s Low Taxes. Over 4,600 square foot estate sits on two lush tropical acres in the heart of this equestrian community.

This wonderful Stuart, Florida home features: Covered porch with double door entry; an Open Floor Plan with Vaulted Ceiling; a Great Room with a Double Sided Coral Fireplace; One side nestled into a cozy Sitting area and the other side onto the Great Room which overlooks the extra large pool setting; Granite Wet Bar; Guest Half Bath; Stainless Steel Appliances; Double wall Oven; Quartz Countertops; Crown Molding and Tile Backsplash all accompanied by an eat-in Kitchen; Formal Dining Area; Hardwood Flooring in Master Bedroom w/ Walk In Closet. Truly an exceptional value in today’s real estate market for Stuart, Florida.

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