Florida Townhouse and Condo Sales 2018 Yearly Review

Florida Townhouse and Condo Sales 2018 Yearly Review

The Florida Townhouse and Condo Sales 2018 Yearly Review continued to show improved results from last year.   Year to year closed sales were up by 4.9% as compared to 2017 which saw a decrease of 2.9% and new sales under contract (new pending sales) increased by 2.2% (2017 saw a decrease of 2.3%).

Florida Townhouse and Condo Sales 2018 Yearly Review

Both median and average sales prices were up (year to year) by 7.2% and 7.7% respectively (2017 numbers were 7.8% and 6.5%).  Pretty similar to last year.

Inventory increased by 1.8% as compared to 2017’s decrease of 4.0%. While the supply of inventory inched up to 5.7 months as compared to 5.6 months for 2017.  A seller’s market for Florida townhouses and condos.

 Click here to view or download the full report:  Florida Townhouse and Condo Sales 2018 Yearly Review

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 Townhouse and Condo Sales 2018 Yearly Review

Cabana Point February 2019 Market Report

Cabana Point February 2019 Market Report

There is only 1 home for sale in the Cabana Point community of Stuart Florida in February 2019. The list price is $525,000 or $317.80 per sq. ft. of living area.

There are no homes currently under contract.

In the past 12 months, there have been 4 sales in Cabana Point. Sales prices ranged from $310,000 up to $523,500. This works out to an average sales price of $439,000 which is $224.70 per sq. ft. of living area. These homes averaged 127 days on the market before going under contract and sold for an average of 96% of list price.

About Cabana Point in Stuart Florida, A Stuart FL waterfront community:

Cabana Point in Stuart FL

Cabana Point is an older Stuart community located between the South Fork of the Saint Lucie River and Kanner Hwy.  This community had its first home built in 1958 and the most recent one was built in 2007.  This small community has 40 homes (all but one are single-family homes) and two remaining vacant lots (neither for sale at the time this is being written).   28 of these home sites are waterfront with access to the ocean or to Lake Okeechobee from a canal or the banks of the Saint Lucie River.  The remaining non-waterfront homes have access through a community boat ramp.

Cabana Point in Stuart FL

This is a non-HOA community with no fees.  This is an older community with many of the homes back from the age of smaller CBS style cabana homes.  Though, as time passes, many of these homes are being torn down and replaced with spacious 2 story modern waterfront homes that are in high demand.  Current home sizes range from the largest one which is a 2 story 3,100 sq. ft. (under air), 9 bedrooms, 6 bathrooms estate down to a 2 bedroom, 2 bath home with just over 1,000 sq. ft. of living area.

Cabana Point in Stuart FL

For those looking for future appreciation, this community is an excellent investment potential.

Cabana Point in Stuart FL

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Cabana Point February 2019 Market Report


Florida Single Family Home Sales 2018 Yearly Review

Florida Single Family Home Sales 2018 Yearly Review

The Florida Single Family Home Sales 2018 Yearly Review as reported by Florida Realtors shows that this last year continued the positive momentum with a slightly greater rate than last year.   Year to year closed sales were up by 2.2% (was up by 1.2% in 2017) and new sales under contract (new pending sales) increased by 0.3% (was up by 0.1% in 2017).

Florida Single Family Home Sales 2018 Yearly Review

Both median and average sales prices were up (2017 to 2018) by 7.2% and 6.9% respectively.   Showing continued gains in value though at a slightly lower rate than last year.  These numbers were 8.0% and 7.8% respectively in 2017.

The inventory of available homes for sale increased by 11.1% from 2017.  While the month’s supply of homes increased to 4.0 months.  Indicating that Florida single-family homes remain in a seller’s market.

Click here to view or download the full report:
Florida Single Family Home Sales 2018 Yearly Review

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 Home Sales 2018 Yearly Review

Watersong Oceanfront Market Report February 2019

Watersong Oceanfront Market Report February 2019

As of February 2019, there are 10 vacant lots and 6 single family homes available to purchase in the Watersong Oceanfront community on Hutchinson Island.

List prices for the lots range from $79,900 up to $399,000 which is an average list price of $280,690.

There are no vacant lots currently under contract.

In the past 12 months, there have been 8 vacant lot sales in Watersong.  The sales prices ranged from $82,900 up to $277,450.  The average sales price was $154,356.  These lots went under contract in an average of 214 days on the market and sold for 82% of list price.

The homes are listed from $749,000 up to $1,999,599.  This is an average list price of $1,433,600 or $418.76 per sq. ft. of living area.

There is one home under contract.  It was listed for $1,750,000 which is $377.48 per sq. ft. of living area.  This home was on the market for 96 days before going under contract.

In the past 12 months, 1 home has sold in Watersong.  The sales price was $1,920,000 which equals $411.13 per sq. ft. of living area.   This home was on the market for 84 days before going under contract and sold for 97% of list price.

About the Watersong Oceanfront Community on Hutchinson Island

Watersong Oceanfront on Hutchinson Island

The Watersong community on Hutchinson Island in Fort Pierce lies approximately six miles north of the Fort Pierce Inlet and 14 miles south of the Jensen Beach Causeway.  This is a gated oceanfront community that has 92 lots in two rows with the front row being direct oceanfront.  There’s an existing community pool.

Watersong Oceanfront on Hutchinson Island

 Currently (August 2018) the $250.00 a month HOA fee covers the common areas, reserve funds, management fees, and landscaping.  There is also a one-time $6,000 capital contribution for beach renourishment and or replacement that is collected by the Property Owners Association.

Watersong Oceanfront on Hutchinson Island

Existing homes are all two to three stories and range in size from just under 6,000 sq. ft. of living area with 5 bedrooms and 7 bathrooms down to 3,000 sq. ft. homes with 3 bedrooms and 3 bathrooms.

Watersong Oceanfront on Hutchinson Island

There are some excellent opportunities for those wishing to be on the ocean currently available in Watersong.

Watersong Oceanfront on Hutchinson Island

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Watersong Oceanfront Market Report February 2019

Hobe Sound FL 33455 Condo Market Report January 2019

Hobe Sound FL 33455 Condo Market Report January 2019

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for January 2019

For January 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There is currently only 1 active condo listing. (Unchanged from December)

Hobe Sound FL 33455 Condo Market Report January 2019

3 Condos are pending and awaiting close. (Down by 1 condo from December)

Hobe Sound FL 33455 Condo Market Report January 2019

4 Condos sold in January. (Down by 1 condo from December)

Hobe Sound FL 33455 Condo Market Report January 2019

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  The inventory of available condos has once again reached very small levels and this will impact future condo market activity in Hobe Sound.  Yet, even with such little inventory, these condos are selling well.

The absorption rate for Hobe Sound condos was 0.3 months for January as compared to 0.2 months in December).  Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes in percentages that do not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The January 2018 numbers were: 12 active listings, 5 pending sales, and 4 closed sales.  Slightly better activity last year, but there was at least a few more condos available for sale.

Hobe Sound FL 33455 Condo Market Report January 2019

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Hobe Sound FL 33455 Condo Market Report January 2019