Martin County Townhouses and Condos 2022 1st Quarter Report

04.29.22 by

Martin County Townhouses and Condos 2022 1st Quarter Report

Click the image below to view the full details of the Martin County Townhouses and Condos Quarterly Report as reported by Florida Realtors.

Martin County Townhouses and Condos 2022 1st Quarter Report

For Martin County townhouses and condos the sales volume declined in the 1st quarter of 2022 when compared to the same period last year. This is mostly due to the unprecedented low inventory of available homes and to a lesser extent the rapidly rising prices and higher interest rates. For the near future, I don’t see the inventory rising by any significant amount. This should continue to depress real estate sales volume for a while.

To view the full report, click on the image above or this link.

View the entire set of data at GabeSanders.com

See previous Martin County quarterly reports

Martin County Townhouses and Condos 2022 1st Quarter Report

Montego Cove April 2022 Market Report

04.29.22 by

Montego Cove April 2022 Market Report

There are no condos for sale in Montego Cove in Stuart FL for April 2022.

There is 1 condo under contract at this time. The list price was $289,900 or $192.50 per sq. ft. of living area. This condo was on the market for 6 days before going under contract.

In the past 12 months, 19 condos have sold in Montego Cove.  Sales prices ranged from $230,000 up to $324,000.  This equals an average sales price of $275,789 which is $175.34 per sq. ft. of living area.  These condos averaged 12 days on market before accepting the final offer and sold for an average of 99% of the list price.

Click here to view previous Montego Cove market reports.

About the Montego Cove Condos in Stuart FL

Montego Cove in Stuart Florida
Google Earth image

Montego Cove condos for sale:

Located just west of US-1 (Federal Highway) off of Cove Rd, this attractive Condo community on over 50 acres with 30 residential buildings for a total of 182 units that are mostly 2 bedrooms, 2 bathroom condos, and a few 3 bedroom ones and one 1 bedroom condos.  Living areas range from 1,506 sq. ft. to 1,683 sq. ft. for the 2 bedroom condos and 1,722 sq. ft. for the 3 bedroom condos.  This complex opened in 1985 and the last section was completed in 1989.

Montego Cove in Stuart Florida
Google Earth image

This community offers ample green spaces along with 2 tennis courts, 2 pools, shuffleboard, and a clubhouse. This is a 55 and over age-restricted community.  There is one covered parking space (carport) for each home and extra uncovered spaces for guests and residents.  One small pet (under 15 lbs.) is permitted.

Recent Montego Cove sales:

There are abundant green spaces and two small lakes for serene water views for most homes in Montego Cove.  Those without water views have private preserve views.

Montego Cove in Stuart Florida
Google Earth image

An excellent location close to great restaurants and the fishing center of Stuart in Port Salerno and just a short few minutes to access I-95 and points north or south only a few hours away.  Medical facilities, as well as professional services, are also only a short distance away.

Montego Cove Condos in Stuart FL

The condo fees include the maintenance, insurance, and upkeep of all the common areas and facilities as well as each building, trash pickup, management, cable TV, and pest control.

Click here to see the available Montego Cove condos for sale

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Montego Cove April 2022 Market Report

Martin County Single Family Homes 2022 1st Quarter Report

04.28.22 by

Martin County Single Family Homes 2022 1st Quarter Report

Click the image below to view the full details of the Martin County Single Family Homes quarterly data as reported by Martin County Realtors.

Martin County Single Family Homes 2022 1st Quarter Report

The Martin County single-family home market had weaker sales volume when compared to the 1st quarter of 2021.   This is mostly due to the unprecedented low inventory of available homes and to a lesser extent the rapidly rising prices and higher interest rates. For the near future, I don’t see the inventory rising by any significant amount. This should continue to depress real estate sales volume in the near future.

To view the full report, click the image above or this link.

View the entire set of data at GabeSanders.com

View previous Martin County quarterly reports

Martin County Single Family Homes 2022 1st Quarter Report

Indian River Point April 2022 Market Report

04.28.22 by

Indian River Point April 2022 Market Report

For April 2022, there are 2 homes for sale in the Indian River Point (a.k.a. Newport Jensen) community of Jensen Beach on Hutchinson Island. The list prices are $459,900 and $549,000. This equals an average list price of $504,450 which is $334.13 per sq. ft. of living area.

There are no homes currently under contract.

In the past 12 months, 3 homes have sold in this waterfront community.  The sales prices ranged from $363,850 up to $535,000.  This works out to an average sales price of $474,617 or $318.71 per sq. ft. of living area.  These homes averaged 12 days on the market before going under contract. Sales prices averaged 102% of the list price.

Click here to view previous Indian River Point market reports.

About Indian River Point:

Indian River Point on Hutchinson Island in Jensen Beach Florida
Google Earth image

Indian River Point homes for sale:

Situated on the shores of the wide Intracoastal on the east side of the Jensen Beach Causeway is the private community of Indian River Point (also known by its official designation as Newport Jensen). This non-gated community of 67 homes features community docks with a fishing station, tennis court, community pool and outdoor areas for barbecuing.

Indian River Point on Hutchinson Island in Jensen Beach Florida
Google Earth image

Homes were constructed from 1976 to 2001 (with the majority of them built from 1976 to 1983), though some of the homes have been totally remodeled and appear brand new. Sizes range from 2 Bedroom, 2 Bathroom homes of 1,100 sq. ft. up to 4 Bedroom, 3 Bathroom homes of up to 2,370 sq. ft. of living area. Both one and two-story homes are in this waterfront community. Some homes have a 1 car garage while others have assigned parking spaces near or in front of the residences.

Recent Indian River Point sales:

Indian River Point is a wonderful and tight-knit small community that is within walking distance to the beaches and only a short drive to quaint downtown Jensen Beach. Close to restaurants, shopping and in the ‘A’ rated Martin County School District. A wonderful winter getaway or full-time Florida home.

Indian River Point in Jensen Beach

Search for Indian River Point Homes for Sale in Jensen Beach

Indian River Point in Jensen Beach
Indian River Point in Jensen Beach

Indian River Point April 2022 Market Report

Florida Townhouses and Condos 2022 1st Quarter Report

04.27.22 by

Florida Townhouses and Condos 2022 1st Quarter Report

Click the image below to view the 2022 1st Quarter Report as reported by Florida Realtors.

Florida Townhouses and Condos 2022 1st Quarter Report

Sales volume declined in the 1st quarter of 2022 when compared to the same period last year.  This is mostly due to the unprecedented low inventory of available homes and to a lesser extent the rapidly rising prices and increasing interest rates. For the near future, I don’t see the inventory rising by any significant amount. This should continue to depress real estate sales volume in the near future.

To view the full report, click on the image above or this link.

View previous Florida quarterly reports here.

View the entire set of data at GabeSanders.com

Florida Townhouses and Condos 2022 1st Quarter Report

Palm Pointe and Palm Isles April 2022 Market Report

04.27.22 by

Palm Pointe and Palm Isles April 2022 Market Report

For April 2022, there is only 1 home for sale in the Palm Pointe and Palm Isles community of Palm City FL. The list price is $500,000 or $265.39 per sq. ft. of living area. 

There is also 1 home currently under contract. The list price was $460,000 which is $292.99 per sq. ft. of living area.  This home was on the market for 11 days before going under contract.

6 Palm Pointe and Palm Isles homes have sold in the past 12 months.  Sales price ranged from $345,000 up to $460,000.  This equals an average sales price of $402,500 which works out to $215.87 per sq. ft. of living area.  These homes were on the market for an average of 24 days prior to going under contract. And, they sold for an average of 99% of the list price.

Click here to view previous Palm Pointe and Palm Isles market reports.

About the Palm Isles and Palm Pointe Community in Palm City:

Palm Pointe and Palm Isles in Palm City Florida
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Palm Pointe and Palm Isles homes for sale:

Palm Pointe and Palm Isles are adjoining communities in Palm City just east of High Meadow Rd between Martin Downs Blvd and Martin Hwy. These gated communities are conveniently located close to both Florida’s Turnpike and I-95. A great location for those who commute to parts north or south for work, yet want to take advantage of the great school system and amenities that Martin County has to offer. Also, within easy reach of shopping, restaurants and medical facilities as well as the many boat ramps and Marinas of Martin County.

Palm Isles real estate in Palm City Florida
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There are a total of 128 homes that were built from 1990 through 1996 for Palm Pointe and 1999 to 2001 for Palm Isles. These two communities share a community pool, tennis courts, and a playground.

Recent sales in Palm Pointe and Palm Isles:

Homes range in size from 2 bedrooms, 2 bathrooms homes of around 1,400 sq. ft. of living space plus a two-car garage, up to 4 bedrooms, 4 bathrooms homes of around 2,400 sq. ft. plus garage. Many homes in these communities have their own private pools and a lucky few have wonderful lake views.

Palm Pointe and Palm Isles in Palm City

Low HOA fees cover the maintenance and insurance for the common areas and management of the community. Large pets and rentals are allowed. There are vehicle restrictions for commercial trucks.

Palm Pointe and Palm Isles in Palm City
Palm Pointe and Palm Isles in Palm City
Palm Pointe and Palm Isles in Palm City

Search for Palm Pointe and Palm Isles Homes for Sale

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

Please click on this link for the latest market reports for Martin County, Saint Lucie County, and the State of Florida.

Palm Pointe and Palm Isles April 2022 Market Report

Florida Single Family Homes 2022 1st Quarter Report

04.26.22 by

Florida Single Family Homes 2022 1st Quarter Report

Click the image below to view the full details of the 2022 1st quarter single-family home market report as reported by Florida Realtors.

Florida Single Family Homes 2022 1st Quarter Report

For the 1st quarter of 2022, Florida single-family homes showed reduced sales activity when compared to last year.  This is mostly due to the unprecedented low inventory of available homes and to a lesser extent the rapidly rising prices and increasing interest rates. For the near future, I don’t see the inventory rising by any significant amount. This should continue to depress real estate sales volume in the near future.

To view, the full report click the image above or this link.

View the entire set of data at the GabeSanders.com market data page.

Click here to view the previous Florida quarterly market reports

Florida Single Family Homes 2022 1st Quarter Report

Island Village Hutchinson Island April 2022 Market Report

04.26.22 by

Island Village Hutchinson Island April 2022 Market Report

There are no townhomes for sale in the Island Village community of Hutchinson Island in April 2022.

There are also no townhomes under contract.

7 Island Village townhomes have sold in the past 12 months.  Sales prices ranged from a low of $188,000 up to $262,000.  This works out to an average sales price of $231,280 which equals $182.11 per sq. ft. of living area.  These homes averaged 46 days on the market prior to going under contract and sold for an average of 100% of the last list price.

Click here to view previous Island Village market reports.

About Island Village on Hutchinson Island FL:

Island Village on Hutchinson Island in Jensen Beach Florida
Google Earth image

Island Village homes for sale:

Island Village in Jensen Beach on Hutchinson Island is a townhouse community that was developed between 1981 and 1983.  Located on a huge preserve area on the west side of Highway A-1-A  with deeded ocean access just across the street. Island Village was created in two different phases, with phase I offering 28 quad style townhouses that offer 2 bedrooms, 2 and ½ baths and 1,328 sq. ft. of living area.  While phase II consists of 96 units of 1,270 sq. ft. with 2 bedrooms and 1 and ½ baths, in buildings with various sized units.

Recent Island Village sales:

The HOA fees include Cable, Fire/Liability Insurance, Grounds / Plants, Maintenance Exterior, Maintenance Interior, Manager, Recreational Facility, Reserve Funds, Roof Maintenance, Sewer, Trash Removal and Water. Please see the individual listing details for the current rates.

Island Village Townhouses on Hutchinson Island
Island Village Townhouses on Hutchinson Island

This community is pet-friendly and allows up to two small pets per unit.  Rentals are also permitted with a minimum duration restriction.

Island Village on Hutchinson Island in Jensen Beach Florida

Amenities include a heated pool, two tennis courts, and common areas as well as a deeded beach access area.

Click here for the currently available Island Village Townhouses for sale

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

Please click on this link for the latest market reports for Martin County, Saint Lucie County, and the State of Florida.

Island Village Hutchinson Island April 2022 Market Report

St Lucie County Townhouses and Condos March 2022 Market Report

04.25.22 by

St Lucie County Townhouses and Condos March 2022 Market Report

The St Lucie County Townhouses and Condos market had weaker sales activity when compared to last March. Until the unprecedented low inventory levels ease, I don’t expect much-improved sales activity. People can’t buy what doesn’t exist! Closed sales were down by 11.5% from last year (were down by 3.0% in February). New pending sales were down by 36.6% for March (they were down by 25.1% last month).

Prices continued to rise in March. The median price increased by 11.5% from last year (was up by 11.8% in February) and the average sales price increased by 13.9% (was up by 24.4% in February).

The inventory of available townhouses and condos decreased by 6 units from last month to 135 residences. This is 42.8% less inventory than we had in March 2021. The current inventory supply is 1.0 months, as compared to 2.0 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a tight sellers’ market, mainly because of the decrease in inventory. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.

St Lucie County Townhouses and Condos March 2022 Market Report
Click to download the full report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

St Lucie County Townhouses and Condos March 2022 Market Report

Whitemarsh Reserve April 2022 Market Report

04.25.22 by

Whitemarsh Reserve April 2022 Market Report

For April 2022, there are no homes available for sale in Whitemarsh Reserve in Stuart FL.

There are 2 townhomes currently under contract. The list prices were $329,900 and $417,000. This is an average list price of $373,450 or $228.74 per sq. ft. of living area. These homes were on the market for an average of 2 days before going under contract.

In the past 12 months, 8 homes have sold in Whitemarsh Preserve.    Sales prices ranged from $280,000 up to $352,900.  This works out to an average sales price of $313,300 which is $172.12 per sq. ft. of living area.  These homes averaged 11 days on market prior to going under contract and sold for an average of 101% of the list price.

Click here to view previous Whitemarsh Reserve market reports.

About Whitemarsh Reserve:

Whitemarsh Reserve in Stuart Florida
Google Earth image

Whitemarsh Reserve homes for sale:

This gated community of new town-homes located in Stuart, just off Kanner Highway (SR 76) is a great place for families or singles. Most Whitemarsh Reserve townhomes have private wetlands views and there’s a tranquil nature trail for relaxing walks or exercise. Residents enjoy a resort-style pool, basketball court, and a play area for children! This community is like a portrait with its beautiful landscaping.

Whitemarsh Reserve in Stuart FL

Whitemarsh Reserve townhomes were first built in 2006 and continued through 2012.  The initial townhomes were larger than the last ones that were built.  With the largest ones being 2,299 sq. ft. of living space with 3 bedrooms and 2 bathrooms with 2 car garages and the smallest ones having only 1,000 sq. ft. with 2 bedrooms and 2 bathrooms and a single car garage.

Recent Whitemarsh Reserve sales:

This is a pet-friendly community allowing up to one large dog.  Rentals are also allowed with some restrictions.  The HOA is $154 per month and includes the maintenance of the common areas, basic cable TV, landscaping and lawn service, exterior painting, trash pickup, and the manager.

Whitemarsh Reserve in Stuart FL
Whitemarsh Reserve in Stuart FL

Only minutes to I-95 for those wishing to commute either north or south.  Only 30 minutes to West Palm Beach and about 2 hours to Orlando and its attractions. The surrounding city of Stuart is a great place to live in with its ‘A-rated schools, a variety of great restaurants, shopping, gorgeous beaches, and recreational activities.

Whitemarsh Reserve in Stuart FL
Whitemarsh Reserve in Stuart FL

Search for all Whitemarsh Reserve Real Estate in Stuart FL

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

Please click on this link for the latest market reports for Martin County, Saint Lucie County, and the State of Florida.

Whitemarsh Reserve April 2022 Market Report

St Lucie County Single Family Homes March 2022 Market Report

04.24.22 by

St Lucie County Single Family Homes March 2022 Market Report

The March 2022 St Lucie County Single Family Home market had improved sales activity when compared to last year. This is pretty impressive when you consider the extremely low inventory of available homes available for purchase as well as the results of other surrounding counties. Closed sales were up by 16.2% for the month compared to last year (in February they were up by 22.0%). New sales under contract (new pending sales) decreased by 4.0% (they were down by 5.9% last month).

Prices were also up in March.  The median sales price was up by 31.6% (was up by 27.3% in February).  The average sales price was up by 29.7% (it was up by 24.0% in February).

The number of available home listings decreased by 1 home to 594.  This inventory is 22.4% less than last year.  The current supply of homes is only 0.9 months (it was 1.4 months last year).  The St Lucie County single-family home market remains an extreme sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes March 2022 Market Report
Click here to download the full report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

St Lucie County Single Family Homes March 2022 Market Report

The Princess of Hutchinson Island April 2022 Market Report

04.24.22 by

The Princess of Hutchinson Island April 2022 Market Report

As of April 2022, there are no condos available for sale in the Princess of Hutchinson Island.  List prices ranged from $480,000 up to $875,000. This is an average list price of $676,667 or $425.12 per sq. ft. of living area.

There are 5 condos currently under contract.  The list prices ranged from $475,000 up to $665,000. This was an average list price of $556,580 which equals $424.66 per sq. ft. of living area.  These condos were on the market for an average of 42 days prior to going under contract.

In the past 12 months, 14 Princess condos have sold. Sales prices ranged from $405,000 up to $825,000.  This is an average sales price of $524,607 which works out to an average of $357.12 per sq. ft. of living area.  These condos were on the market for an average of 22 days before going under contract. And, sold for an average of 98% of the last list price.

Click here to view previous Princess of Hutchinson Island market reports.

About the Princess of Hutchinson Island Condos:

The Princess of Hutchinson Island in Jensen Beach Florida
Google Earth image

Condos for sale in the Princess:

The Princess of Hutchinson Island is one of the more elegant high-rise condominiums on Hutchinson Island in Jensen Beach.  Located just North and East of Nettles Island and just 2 miles north of the Jensen Beach Causeway this 20 story condominium has both 3 bedroom, 2 bathroom condos, and 2 bedroom, 2 bathroom condos with varying floor plans from 1,209 sq. ft. to spacious 1,716 sq. ft. units.

The Princess of Hutchinson Island in Jensen Beach Florida
Google Earth image

The Princess was built in 1984 and has a heated pool, Jacuzzi, a common area with a game room, kitchen and bar.  There are tennis and bocce courts as well as trailer parking and a vehicle wash area.

Recent sales in the Princess:

The maintenance fee includes the use of all facilities as well as exterior maintenance and insurance.  The Princess of Hutchinson Island is one of the premier locations on the Island and is a much sought-after building.

The Princess of Hutchinson Island

Search here for all available Princess of Hutchinson Island Condos for Sale

Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you may wish to consider:
Admiral – Atlantis – Claridge – Dune Walk – Empress – Island Club –  Island Crest – Island Dunes – Islandia – Miramar – Miramar Royale – Ocean Dunes – Oceana North – Oceana Oceanfront – Oceana South – Ocean Towers – Oceanrise  – Ocean Bay Villas – Regency – Sand Dollar Shores – Sea Winds – Villa del Sol

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

Please click on this link for the latest market reports for Martin County, Saint Lucie County, and the State of Florida.

The Princess of Hutchinson Island April 2022 Market Report

Martin County Townhouses and Condos March 2022 Market Report

04.23.22 by

Martin County Townhouses and Condos March 2022 Market Report

The Martin County Townhouses and Condos had weaker sales volume when compared to last March. This is quite surprising considering the extremely low inventory of available homes. Closed sales for the month were down by 27.6%.  They were down by 10.7% in February.  New sales under contract (new pending sales) were down by 20.7% from last year.  They were down by 25.0% in February.

Prices, however, continued to rise for March.  The median sales price increased by 23.9% (was up by 28.3% last month). While the average sales price increased by 8.5% (was up by 40.9% in February).

The inventory of available townhouses and condos increased by 10 units to 117 properties.  This is a 44.5% smaller supply of inventory than we had in March 2021.  Currently, there’s a 1.0 months supply of inventory (compared to 2.0 months for March 2022).  We remain in a very extreme seller’s market for townhouses and condos in Martin County. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos March 2022 Market Report
Click here to download the full report

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

Martin County Townhouses and Condos March 2022 Market Report

The Falls of Jensen Beach April 2022 Market Report

04.23.22 by

The Falls of Jensen Beach April 2022 Market Report

For April 2022, there is 1 home available for sale in the Falls of Jensen Beach.  The list price is $799,000 or $274.10 per sq. ft. of living area.

There are no homes currently under contract.

In the past 12 months, 6 homes have sold in the Falls of Jensen Beach.  Sales prices ranged from $575,000 up to $901,000.  This is an average sales price of $657,751 which is equal to $224.32 per sq. ft. of living area.  These homes averaged 8 days on the market before going under contract and sold on average for 99% of the list price.

Click here to view previous market reports from the Falls of Jensen Beach.

About the Falls in Jensen Beach FL:

The Falls of Jensen Beach
Google Earth image
The Falls of Jensen Beach homes for sale:

A newer Kolter community is located just north and west of the Treasure Coast Mall in Jensen Beach FL.  This is a gated community with spacious lots, many of which have serene preserve or lake views from the back patio and yard.

The Falls of Jensen Beach in Jensen Beach Florida
Google Earth image

The Falls is in a wonderful location close to shopping, restaurants as well as professional services and only a few minutes to the beaches and waterways that Martin County has to offer.  Children living in the falls have the privilege of attending Martin County’s A-rated schools.  Currently, these are the Jensen Beach Elementary school, Stuart Middle school, and the Jensen Beach High school.

Recent sales in the Falls of Jensen Beach:

Construction in the Falls began in 2006 and all of the 130 lots have now been built, with the latest homes just recently completed in 2016.  As of this writing, there are only two new homes available from the builder, but resale homes have been coming on the market at a fairly steady rate.

The Falls of Jensen Beach in Jensen Beach Florida
Google Earth image

Homes sizes in the Falls range from 4 bedroom, 3 bathroom homes of 2,236 sq. ft. of living area up to 5 bedroom, 4 bathroom homes with just under 4,500 sq. ft. under AC.  The majority of the homes in the falls have 3 car garages.  Homes range from single-story ranch-style designs to two-story homes and many have private pools.

The Falls of Jensen Beach real estate

Since this is a newer community, all homes meet the latest building codes for hurricane and wind protection. Most of these homes also feature an updated kitchen with granite countertops.

The HOA fee includes your landscape and lawn service, basic cable TV as well as security and the common areas.  There is no community pool or clubhouse in the Falls.

Here are the currently available homes in the Falls of Jensen Beach

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

Please click on this link for the latest market reports for Martin County, Saint Lucie County, and the State of Florida.

The Falls of Jensen Beach April 2022 Market Report

Martin County Single Family Homes March 2022 Market Report

04.22.22 by

Martin County Single Family Homes March 2022 Market Report

The Martin County Single Family Homes Market Report showed considerably weaker activity than last March. We remain in a market with unprecedented low inventory that is significantly affecting the real estate market.  Closed sales were down by 32.7% from last year (were down by 19.8% in February).  While new pending sales decreased by 27.6% as compared to last year (decreased by 35.5% last month).

Prices were mixed for the month of March.  The median sales price increased from last year by 13.5% (it was up by 24.4% in February) while the average sales price decreased by 9.4% (up by 40.8% last month).

The inventory of available single-family homes increased by 45 homes from last month to 223 homes. This is 34.4% less inventory than last March.  The current supply of homes is 1.0 months.  For March of last year, it was a 1.5 months supply.  We remain in an extreme seller’s market for Martin County single-family home sales.  A balanced market favoring neither buyers nor sellers is considered to be a 6 to 7 month supply of inventory.

Martin County Single Family Homes March 2022 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

Martin County Single Family Homes March 2022 Market Report

Atlantis Condos on Hutchinson Island April 2022 Market Report

04.22.22 by

Atlantis Condos on Hutchinson Island April 2022 Market Report

In early April 2022, there are no condos on the market in the three Atlantis condo buildings on Hutchinson Island in Jensen Beach FL.

There are 2 condos currently under contract. The list prices were $499,000 and $549,900. This is an average list price of $524,450 which equals $483.98 per sq. ft. of living area. Thes condos averaged 96 days on the market before going under contract.

In the past 12 months, 18 condos have sold in Atlantis.  Sales prices ranged from a low of $245,000 up to a high of $423,000.  Making for an average sales price of $367,794 or $335.12 per sq. ft. of living area.  These condos were on the market for an average of 36 days before going under contract and sold for an average of 96% of the list price.

Click here to view previous Atlantis condo market reports.

About Atlantis Condos:

Atlantis Condos on Hutchinson Island in Jensen Beach Florida
Atlantis and Oceanrise Condos on Hutchinson Island in Jensen Beach FL:

These Atlantis Condos on Hutchinson Island in Jensen Beach FL (Saint Lucie County) consist of three buildings.  Atlantis ‘A’, Atlantis ‘B’ and Atlantis ‘III’.   Buildings A and B were constructed in 1978 and consist of 68 2 bedrooms 2 bathrooms condos with 1,053 sq. ft. of living space on 7 stories.  End units are slightly bigger with wrap-around balconies and 1113 sq. ft. of living space.  Building III was built in 1982, also with the same number of condos but is slightly larger with 1,151 sq. ft. interior units and 1,258 sq. ft. on the ends.

Recently sold Atlantis condos:

These three buildings have two pools in between them. They all offer direct ocean access from the rear of all buildings.  There is ample outdoor parking for all residents as well as two tennis courts and a vehicle wash area.

Atlantis Condos on Hutchinson Island in Jensen Beach
Google Earth image

The Atlantis condos are conveniently located just 1 and ½ miles north of the Jensen Beach Causeway and within an easy drive of shopping, restaurants and all the amenities offered on Florida’s Treasure Coast.

Atlantis Condos on Hutchinson Island in Jensen Beach

For more info about Hutchinson Island condos, call Gabe Sanders at 772-888-2885

Search for Atlantis Condos on Hutchinson Island for Sale

Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you may wish to consider:
Admiral – Claridge – Dune Walk – Empress – Island Club –  Island Crest – Island Dunes – Islandia – Miramar – Miramar Royale – Ocean Dunes – Oceana North – Oceana Oceanfront – Oceana South – Ocean Towers – Oceanrise  – Ocean Bay Villas – Princess –  Regency – Sand Dollar Shores – Sea Winds – Villa del Sol

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

Please click on this link for the latest market reports for Martin County, Saint Lucie County, and the State of Florida.

Atlantis Condos on Hutchinson Island April 2022 Market Report

Florida Townhouses and Condos March 2022 Market Report

04.21.22 by

Florida Townhouses and Condos March 2022 Market Report

Florida Townhouses and Condos showed slower sales activity when compared to last year. We need to be aware that we remain in a market with unprecedented low inventory that is significantly affecting the real estate market.  This will most likely continue in the near future until inventory levels begin to rise. Closed sales were down by 11.4% as compared to last month’s decrease of 3.6%.  New sales under contract (new pending sales) decreased by 21.3% (In February, a 17.1% decrease).

Prices, however, continued to rise in March.  The median sales price was up by 27.3% (was up by 24.3% in February). While the average sales price increased by 25.5% (was up 19.0% in February).

The inventory of active listings decreased by 48.5% from March of last year.  This results in 1.2 months supply of inventory as compared to 2.8 months for March 2021.  Remaining in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos March 2022 Market Report

Click here to view the full report!

View previous Florida townhouses and condo market reports by clicking this link.

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

Florida Townhouses and Condos March 2022 Market Report

Pierpoint Yacht Club April 2022 Market Report

04.21.22 by

Pierpoint Yacht Club April 2022 Market Report

There are no condos for sale in Pierpoint in Stuart FL for April 2022.

There is 1 condo currently under contract in Pierpoint. The list price was $220,000 or $169.23 per sq. ft. of living space. This condo was on the market for 2 days before going under contract.

In the past 12 months, 22 Pierpoint condos have sold.  Sale prices ranged from $120,000 up to $380,000. This is an average sales price of $208,050 which equals $167.15 per sq. ft. of living space.  These condos went under contract in an average of 50 days after being listed and sold for an average of 97% of the list price.

Click here for previous Pierpoint market reports!

About the Pierpoint Condos in Stuart FL:

Pierpoint Condos in Stuart FL

Pierpoint condos for sale:

This friendly, active 55+ condominium offers two community pools, grills, shuffleboard, a waterfront clubhouse, and deepwater docks with ocean access.

Pierpoint Condos in Stuart FL
Google Earth image

Located in the heart of Stuart and on the shores of the wide Saint Lucie River, the Pierpoint Yacht Club Condominiums is the premier adult community in Stuart, Florida. An extremely well-maintained complex of 8 buildings, some of which have magnificent water views.

Recent Pierpoint condo sales:

Pierpoint has docks with boat slips for rent as available. Also on this dock is a fishing station and benches for all Pierpoint residents to enjoy and use. Stuart enjoys some of the finest fishing conditions in all of Florida and the east coast.

Pierpoint Condos in Stuart FL

On the shores of the Saint Lucie River, Pierpoint has a large and active clubhouse with a full kitchen available for members and special occasions. Adjacent to the clubhouse is one of two heated pools, a billiard room, a reading library and shuffleboard courts. There’s an outdoor lounge for sipping cocktails right on the shores of the wide Saint Lucie River. Lots of green space and ample parking complement this wonderful community.

Pierpoint Condos in Stuart FL
Pierpoint Condos in Stuart FL

Condo fees cover Basic Cable TV, Fire/Liability Insurance, Grounds / Plants, Maintenance Exterior, Manager, Pest Control, Recreational Facility, Roof Maintenance, Trash Removal, Water and Sewer.

Pierpoint Condos in Stuart FL

 Search for all Pierpoint Yacht Club Condos for Sale in Stuart Florida Real Estate

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

Please click on this link for the latest market reports for Martin County, Saint Lucie County, and the State of Florida.

Pierpoint Yacht Club April 2022 Market Report

Florida Single Family Homes March 2022 Market Report

04.20.22 by

Florida Single Family Homes March 2022 Market Report

The Florida Single Family Home market activity had lower sales volume compared to last March.  We remain in a market with unprecedented low inventory that is significantly affecting the real estate market.  I don’t really see any quick turnaround until the inventory starts to increase. Closed sales were down by 6.2% (were down by 1.2% in February). New sales under contract (new pending sales) were down by 12.4% (were down by 12.6% in February).

Prices are continuing their rise.  The median sales price rose by 21.1% (it was up by 23.0% in February). And, the average sales price was up by 16.9% (it was up by 16.7% last month).

The inventory of available homes for sale decreased by 10.2% from last year.  This represents only a 1.0 months supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (March 2021 had a 1.2 months supply)  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory. 

Previous Florida real estate market report posts.

Florida Single Family Homes March 2022 Market Report

Click here to view the full report!

Recent Florida Market Report Posts:

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

Florida Single Family Homes March 2022 Market Report

 

Orchid Bay April 2022 Market Report

04.20.22 by

Orchid Bay April 2022 Market Report

There are currently no Orchid Bay homes listed for sale in Palm City FL.

There is 1 home presently under contract in Orchid Bay.  The list price was $865,000 or $288.05 per sq. ft. of living area. This home was on the market for 80 days before going under contract.

In the past 12 months, 3 Orchid Bay homes have sold.  Sales prices ranged from $865,000 up to $1,450,000.  This is an average sales price of $1,238,333 which works out to $322.93 per sq. ft. of living area.  These homes averaged 65 days on the market before going under contract and sold for an average of 100% of the list price.

Click here to view previous Orchid Bay market reports.

About Orchid Bay in Palm City:

Orchid Bay in Palm City Florida
Google Earth image

Orchid bay and Lake Grove homes for sale:

One of the most desirable communities in Palm City, Orchid Bay (also known as Captain’s Creek) lies just south of the new Palm City Veteran’s Memorial Bridge off of Mapp Road.  This gated community of 153 home-sites (including only two vacant lots at this time) enjoys spacious private lots of at least a ½ acre with a few properties residing on over 1-acre sites.  This planned community was developed by the Tartan land Company in the early 1990s and all homes are individually constructed by the lot owner’s builder of choice.  Consequently, this is not a “cookie-cutter” community by any means.

Orchid Bay in Palm City Florida

Homes range in size from over 5,000 sq. ft. of living area to just over 2,000.  From as many as 8 bedrooms down to 3 bedroom homes.  Both one and two-story residences. Homes were built from 1992 through 2007.  Amenities include tennis courts, a picnic and playground area as well as a public gazebo.  Numerous lakes and ponds are on this property with many homes enjoying serene water views.  Orchid Bay has its own community propane tank so all residents have the option of hooking in for propane utilities if desired.

Recent Orchid Bay sales:

HOA fees include maintenance of the roads, trash pickup, common areas as well as basic cable TV service.

Children of Orchid bay attend wonderful schools:  Palm City Elementary, Hidden Oaks Middle and Martin County High.

Entrance to Orchid Bay in Palm City FL

Search here for all available Orchid Bay Homes for Sale

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

Please click on this link for the latest market reports for Martin County, Saint Lucie County, and the State of Florida.

Orchid Bay April 2022 Market Report