Osprey Creek April 2017 Market Report

04.16.17 by

Osprey Creek April 2017 Market Report

For April 2017 there were no homes listed in the Osprey Creek community of Martin Downs Country Club in Palm City FL.

There are also no homes currently under contract.

In the past 12 months, 2 homes have sold.  The sales prices were $190,000 and $202,500 which equals an average sale price of $196,250 or $122.14 per sq. ft. of living area.  These two homes were on the market for an average of 163 days before going under contract and sold for an average of 90% of list price.

About Osprey Creek in Martin Downs Country Club

Osprey Creek in Martin Downs Country Club

The Osprey Creek section of Martin Downs Country Club has 41 homes located on the Martin Downs Country Club Golf Course. Homes consist of both 2 and 3 bedroom single family homes ranging in size from 1,714 to 1,542 square feet of living area. All of the homes include a single car garage. As of January, 2017 the HOA fees were $240 per month. These fees include security, landscaping and lawn maintenance, exterior pest control, trash pickup and basic cable TV service.

Osprey Creek in Martin Downs Country Club Osprey Creek in Martin Downs Country Club

Martin Downs is a guard gated community that offers memberships for golf, tennis and social. Two large pools, workout room, Tiki Sports Bar and Main Dining Room. A rated schools, Public Parks, Dining, Entertainment, Boating, Fishing, Horseback Riding and other activities just minutes away.

Search for Osprey Creek Homes For Sale

Search for Martin Downs Homes For Sale

Sawgrass Villas Palm City April 2017 Market Report

04.15.17 by

Sawgrass Villas Palm City April 2017 Market Report

For April 2017 there are no townhomes available for sale in the Sawgrass Villas community of Palm City Florida.

There is one townhome that is under contract.  The list price was $204,900 which is $126.40 per sq. ft. of living area.  This home was on the market for 15 days before going under contract.

In the past 12 months 8 homes have sold.  Sales prices ranged from $197,000 up to $227,500 for an average sales price of $212,063 which works out to $116.21 per sq. ft. of living area.  These homes sold for 96% of list price and averaged 31 days on market before going under contract.

About the Sawgrass Villas in Palm City:

Sawgrass Villas in Palm City

Built in 2005, the Sawgrass Villas of palm City are one of the few newer affordable townhome style condos in the area.  There are 52 units with two different floor plans.  All are 3 bedroom, 2 bathroom with either 2.079 sq. ft. of living area for the larger floor plan or 1,621 sq. ft. for the smaller ones.  With a rare exception all of these townhouses have a 1 car garage.

Sawgrass Villas in Palm City

Great location within walking distance to shopping and some restaurants and an easy drive to historic downtown Stuart and the beaches of Martin County or to Florida’s Turnpike for those needing to get to points north or south.

Sawgrass Villas in Palm City Sawgrass Villas in Palm City

The HOA fees (March 2017) are a very reasonable $365 per month as this includes building maintenance and insurance, landscaping, trash pickup, Cable TV,  and exterior pest control.

Sawgrass Villas in Palm City

Live the easy maintenance and worry free life in these solid concrete townhomes featuring hardi-plank siding and metal roofs.

Click here to search for Sawgrass Villas homes for sale

 

Legacy Cove Lakefront Pool Home Under Contract

04.14.17 by

Legacy Cove Lakefront Pool Home

1256 SE Illusion Isle Way in the Legacy Cove community of Stuart FL is now under contract.  This home was listed for sale for $419,000.

Legacy Cove Lakefront Pool Home

A lovely lakefront, 3 bedroom plus den/office/4th bedroom on cul de sac is a tropical jewel w oversized heated pool & spa, covered porch & southeasterly exposure for balmy breezes on extended fenced patio. Popular Caracus model w open floor plan w formal dining & living rooms. Gourmet kitchen w breakfast bar & morning room opens to a large family room w double sliders to custom pool, spa & patio. Pantry, pullouts, granite, 42 ” cabinets w pullouts, double ovens, 5 burner counter top range, for easy Florida living & entertaining. Light ‘n bright lakefront views, high flat ceilings, columns, diagonal tile t/out & high level laminate. Spacious master suite with a roomy walk in closet, l has French door to patio/pool & spa. Luxury bath suite w Roman tub, separate walk in glass shower, double vanities. 3 way split bedroom plan.

Legacy Cove Lakefront Pool Home Legacy Cove Lakefront Pool Home

Quiet cul d sac street w curbs and sidewalks, and only a short walk to the large community center with pool, library, basketball, tennis & clubhouse for the entire community or book for your private events. Gated community with all newer homes near downtown historic Stuart, ocean beaches, golf, hospitals, & I95, is mid-way to 2 regional Malls. Almost all appliances are new. This is a true “Florida Dream Home”.

Legacy Cove Lakefront Pool Home

Legacy Cove Lakefront Pool Home Legacy Cove Lakefront Pool Home

About Legacy Cove:

Search here for Legacy Cove Homes for Sale

Legacy Cove in Stuart Florida is a gated lakeside community of 229 homes off of Cove Road in Stuart, Florida.  Legacy Cove consists of two sections. The first section of 142 homes called the Cove Isle development was mostly completed between 2004 and 2005.  The newer section, called the Cove Lakes development consists of 87 home sites with construction that began in 2007.  Some homes are yet to be completed in Cove lakes.

There’s a wide variety of homes in Legacy Cove, ranging for the smallest, a 3 bedroom, 2 bathroom, 2 car garage with a little under 1,600 square feet of living area to  4, possible 5 bedroom, 3 and a 1/2 bathroom, 3 car garage two story homes with almost 4,000 square feet of living area.  And many sizes in between.

Legacy Cove boasts a community pool and club house with a fitness center as well as two hard surfaced tennis courts.  Many homes in Legacy Cove in Stuart Florida have serene lake views and a comfortable private feeling.  Located just minutes from I-95, this is a great location for those wishing to take advantage of Martin County’s amenities while still having an easy commute to work either north or south.

Legacy Cove is in an ‘A’ Martin County school system with children currently attending Pinewood elementary school, Dr. David L Anderson middle school and Martin County high school.

The HOA fees are very reasonable at $233.00 per month (as of January 2017).  These fees include Cable, Common R.E. Tax, Lawn Care and Management Fees.  Management of the community is through First Service Residential.

Residents of Legacy Cove in Stuart Florida enjoy a relaxing life style with easy access to restaurants, shopping and the many waterways, beaches and public parks that Martin County has to offer.

Search here for Legacy Cove Homes for Sale

Stuart Florida Market Report ZIP Code 34994 Residential March 2017

04.12.17 by

Stuart Florida Market Report ZIP Code 34994 Residential March 2017

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for March 2017

For March, 2017 in the 34994 Zip Code area of Stuart, Florida :

There are currently 69 active listings (Decreased by 5 homes from February)

Stuart Florida Market Report ZIP Code 34994 Residential March 2017

34 Residential sales are pending and awaiting close or lender approval (Increased by 9 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential March 2017

15 Homes Sold in February (Up by 5 homes from February)

Stuart Florida Market Report ZIP Code 34994 Residential March 2017

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continued to improve with both pending sales and closed sales increasing for the month of March.

The one month absorption rate for the 34994 zip code for March dropped to 4.6 months from 6.8 months for February.  Transitioning into a strong sellers market for the 34994 zip code area of Stuart, FL.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The March 2016 numbers were 62 Active Listings, 33 pending sales and 15 closed sales.  Very similar activity to last year.

Stuart Florida Market Report ZIP Code 34994 Residential March 2017

Search here for Stuart Florida Real Estate for Sale

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Stuart Florida Market Report ZIP Code 34994 Residential March 2017

Pinecrest Lakes Jensen Beach 4 BR Home for Lease

04.09.17 by

Pinecrest Lakes in Jensen Beach FL 4 BR Home for Lease

A newer (2014) 4 Bedroom plus den, 3 bathroom and 3 car garage is available for lease beginning May 2017 for $3,250 per month.

Pinecrest Lakes Home for Lease

A newer (2014) D. R. Horton Biscayne model 4 Bedroom, 3 bathroom plus den/office and a 3 car garage home is available for an annual lease in the desirable Pinecrest Lakes community of Jensen Beach.  This home features granite counter-tops, stainless steel appliances, solid concrete block construction with many desirable features.  Wonderfully located close to the Jensen Beach High School, Treasure Coast Mall, Restaurants and only two miles to the Intracoastal and then the pristine beaches of the Atlantic Ocean.

Pinecrest Lakes in Jensen Beach Pinecrest Lakes in Jensen Beach

About Pinecrest Lakes Homes in Jensen Beach FL

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 in Jensen Beach Pinecrest Lakes in Jensen Beach

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 in Jensen Beach Pinecrest Lakes in Jensen Beach

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 in Jensen Beach Pinecrest Lakes in Jensen Beach

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.

Pinecrest Lakes in Jensen Beach

All ages and pets are welcome in Pinecrest Lakes.  HOA fees (as of April 2017) are only $67.00 a month and include maintenance and reserve funds for all of the common areas in this community.

Search for Pinecrest Lakes Real Estate in Jensen Beach Florida

Vista del Lago Unit 3107 Sold

04.07.17 by

Vista del Lago Unit 3107 Sold

Vista del Lago Condos

Now under contract, unit 3107 in Vista del Lago has sold for $85,000 and the buyer was introduced to this well maintained condo by Gabe Sanders – Stuart FL Real estate.

Vista del Lago Condos Vista del Lago Condos

55+ active adult community of Vista del Lago located north of Roosevelt Bridge. Convenient location to downtown Stuart, Jensen beach mall and beaches on Hutchinson island. Partially furnished 2 bedroom, 2 bath, 1014 sf, first floor corner unit with full hurricane protection. Glass enclosed porch, entire unit is tiled except for guest bedroom, light and bright. Parking spot is right outside the door! Amenities include: club house, pool, billiards, shuffleboard, barbecue grills, library, large gathering room for parties and well maintained landscaping.

Vista del Lago Condos Vista del Lago Condos

About the Vista del Lago Condominiums:

Vista del Lago

The Vista del Lago condominium complex consists of over 500 condos located north of the Roosevelt Bridge and west of Federal Hwy (US-1) in North Stuart.  This attractive complex is very conveniently located near shopping, restaurants and a quick drive to either downtown Stuart or Jensen Beach.  Just a few minutes more and you can be on the Ocean in either Stuart or Jensen Beach.

Vista del Lago condos were first built in 1974 and the last one was completed in 1979.   All the buildings are two story and contain both 2 Bedroom, 2 Bath and 1 Bedroom 1 Bath units.  Sizes range from 1,014 sq. ft. of living space down to 631 sq. ft. 1 bedroom units.  Many of these condos have attractive water views as well as some with golf course views of the Pine Lakes Golf Club.

There’s an active clubhouse with a large swimming pool as well as shuffleboard courts.  No pets are permitted in Vista del Lago and this is an age restricted (55+) community.  The HOA fees as of March 2017 were from the low $200’s for a 1 Bedroom unit to just under $300 per month for 2 Bedroom condos.

Search here for available Vista del lago condos for sale

St Lucie County Townhouses and Condos February 2017 Market Detail

04.04.17 by

St Lucie County Townhouses and Condos February 2017 Market Detail

The St Lucie County Townhouses and Condos Market Detail for February 2017 showed a stronger month from last year as well as last month.  Closed sales were up by 1.4% from last year (was down 12.3% in January) while new pending sales increased by 5.8% (was up by 2.0% in January).

Values shot higher for February with the median price up by 41.6% (was up by 11.1% in January) while the average sales price increased by 17.5% (was down by 1.4% in January).  I’ve been expecting prices to moderate for some time so this increase was quite a surprise.

The inventory of available townhouses and condos increased by 20 units from last month to 604 units, which is 9.3% less than February 2016. The current supply is 6.3 months, which is 4.5% lower than the 6.6 months of inventory last year.  The St Lucie County townhouses and condos continues as a balanced market. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

St Lucie County Townhouses and Condos February 2017 Market Detail

Click here to view or download the full report:
St Lucie County Townhouses and Condos February 2017 Market Detail

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 February 2017 Market Detail

St Lucie County Single Family Homes February 2017 Market Detail

04.03.17 by

St Lucie County Single Family Homes February 2017 Market Detail

St Lucie County Single Family Homes Market Detail for February 2017 showed improved sales activity for closed sales but weaker new pending sales year to year.  Closed sales were up by 5.1% (in January they were up by 8.1%) and new sales under contract (new pending sales) decreased by 0.5% (they were up by 8.1% last month).

Prices continued to show strong increases.  The median and average sales prices up by 18.2% and 16.6% respectively from last February (For January these numbers were up 8.9% and 16.1%).  While these are very good results for sellers, they make me a little nervous as rates of increase this high may result in lower affordability of homes and subsequently less sales in the future.

Active listings decreased by 30 homes to 1,814 homes.  This inventory is 0.8% lower than last year.  The current supply of homes is at 4.1 months (also was 4.1 months for February of 2016)  This is unchanged from last year.  The St Lucie County single family home market remains in a strong sellers market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes February 2017 Market Detail

Click here to view or download the full report:
St Lucie County Single Family Homes February 2017 Market Detail

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 February 2017 Market Detail

Martin County Townhouses and Condos February 2017 Market Detail

04.02.17 by

Martin County Townhouses and Condos February 2017 Market Detail

Martin County Townhouses and Condos Market Detail for February 2017 continued with good closed activity and weaker future activity with reduced pending sales.  Closed sales for the month were up by 1.0% (was up by 28.6% in January) while new sales under contract (new pending sales) were down by 6.8% from February 2016 (decreased by 15.6% in January).

Prices were down again for February as the median sales price decreased by 2.2% (was down by 15.6% in January) while the average sales price decreased by 14.4% (was down by 17.2% in January) as compared to February of 2016.  Not totally unexpected with the rapid rise of prices for the past three years as there may be a small correction taking place.  Though this market is till active.

The inventory of available townhouses and condos decreased by 14 units to 471 properties as compared to last month.  This is 16.0% greater than the February 2016 inventory.  Currently, there’s a 5.0 month supply of inventory (a 22.0% increase from last year which was 4.1 months).  Still a sellers market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos February 2017 Market Detail

Click here to view or download the full report:
Martin County Townhouses and Condos February 2017 Market Detail

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 February 2017 Market Detail

Stuart Florida Home on Large Lot – Just Listed

04.02.17 by

Stuart Florida Home on Large Lot

Stuart FL Home for Sale

Located close to I-95 for commuters and in a private scenic location, this home at 8611 SW 17th Ave in the Woodmere Meadows neighborhood (No HOA) of Stuart FL is now available for $315,000.

Stuart FL Home for Sale Stuart FL Home for Sale

This is a meticulously maintained 3 bedroom home with 2 bathrooms, 2 car garage on a 1/2 acre lot in a very private and secluded setting backing up to Roebuck Creek.  This home features a spacious open concept living area with cathedral ceilings, tiled floors and a modern kitchen.  A large breakfast bar overlooks the living space and there’s a custom built in dining nook.  The living area has a free standing wood fireplace as well as pocket sliders that open up to the generous deck offering total privacy.  Lots of room to park all your toys and there are no HOA fees.  Close to I-95 for commuters as well as boat ramps at Phipps Park.  Upgrades include hurricane shutters, newer carpets in the bedrooms, screens (up to hurricane code), and interior and exterior lighting.

Stuart FL Home for Sale Stuart FL Home for Sale

Stuart FL Home for Sale Stuart FL Home for Sale

Search for all Stuart FL Homes for Sale

Contact Gabe Sanders – Stuart FL Real Estate
772-888-2885

Martin County Single Family Homes February 2017 Market Detail

04.01.17 by

Martin County Single Family Homes February 2017 Market Detail

The Martin County Single Family Homes Market Detail for February 2017 regained momentum with a strong month.  Closed sales were up by 17.8% (was down by 24.0% in January). New pending sales decreased by 10.0% as compared to February of 2016 (Increased by 9.4% in January).

Prices continued to increase with the median sales price up by 10.2% from last year (up by 4.1% in January) while the average price increased by 23.9% (was down by 2.7% last month).

The inventory of available single family homes increased from last month by 10 homes to 1,141 units for February,  this is 7.8% greater than last February.  Current supply of homes is 5.8 months, for February of last year it was a 5.1 months supply. (This is a 13.7% increase from last year).  Drifting closer to a balanced market for Martin County single family home sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Single Family Homes February 2017 Market Detail

Click here to view or download the full report:
Martin County Single Family Homes February 2017 Market Detail

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 February 2017 Market Detail

Florida Townhouses and Condos February 2017 Market Detail

03.31.17 by

Florida Townhouses and Condos February 2017 Market Detail

The Florida Townhouses and Condos Market Detail for February 2017 began the year with mostly positive activity when compared to last year.   Closed sales were up by 4.1% as compared to last months increase of 6.2% and new sales under contract (new pending sales) increased by 0.5% (In January there was a 6.5% increase).

Values continued to increase though at a strong pace.  Median sales prices were up by 11.7% (was up by 6.6% in January), while the average sales price increased by 8.5% (was up 4.0% in January).  As sales activity decreases and if inventory continues to increase, I expect these prices to continue to moderate, though they are staying pretty resilient at this time.

The inventory increased by 1.3% from February of last year.  For February 2017 we have 6.4 months of inventory (was also 6.4 months in January) and compared to 6.2 months for February 2016.  We remain in a balanced market for Florida townhouse and condo sales but are drifting slowly towards a buyers market in the past year. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos February 2017 Market Detail

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos February 2017 Market Detail

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 February 2017 Market Detail

Inlet Village Waterfront Condo Indian River Plantation Reduced

03.31.17 by

Inlet Village Waterfront Condo Indian River Plantation Reduced

Magnificent views from this wide waterfront condo in Inlet Village in Indian River Plantation on Hutchinson Island in Stuart FL.  The new price is $315,000.

Inlet Village Condo in Indian River Plantation

Enjoy the good life from this riverfront condo in Inlet Village on Hutchinson Island in Indian River Plantation.  Gorgeous sweeping river views on the Intracoastal Waterway from your balcony. This is a 2 bedroom, two bathroom condo with an updated kitchen with Corian counter-tops.  Separate laundry room with washer and dryer included. Covered under building parking and a heated pool and barbecue area are some of the amenities.  All ages are welcome and each unit may have up to two large pets. Rentals are also permitted with a one month minimum.

Inlet Village Condo in Indian River Plantation Inlet Village Condo in Indian River Plantation

Memberships are available for “The Ocean Club” which allows owners and tenants to enjoy privileges such as golf, tennis, water sports, spa, fitness center, hotel dining and the delightful sandy beaches of the Atlantic Ocean! At the beach there is a tiki bar/restaurant where you can enjoy tropical drinks and/or have an enjoyable lunch. Within easy walking distance is the Indian River Plantation Marriott Resort where there is dining facilities as well as conference rooms.  There is a full service marina on site as well.

Inlet Village Condo in Indian River Plantation Inlet Village Condo in Indian River Plantation

Make this your new home or a winter getaway from the cold north.

Inlet Village Condo in Indian River Plantation Inlet Village Condo in Indian River Plantation

About Inlet Village:

Inlet Village is located near the South end of Hutchinson Island in Stuart, Florida.  Just 40 minutes North of Palm Beach International Airport. Inlet Village consists of three 4 story buildings.  Two of which overlook the wide Indian River (Intracoastal Waterway) and the other with sweeping views of lakes and the Indian River Plantation golf course.

Inlet Village Condo in Indian River Plantation Inlet Village Condo in Indian River Plantation

Inlet Village Condo in Indian River Plantation Inlet Village Condo in Indian River Plantation

Within easy walking distance to the Indian River Plantation Marriott Resort where you can enjoy guest privileges such as golf, tennis, water sports, spa, fitness center, hotel dining and the delightful sandy beaches of the Atlantic Ocean! At the beach there is a tiki bar/restaurant where you can enjoy tropical drinks and/or have a enjoyable lunch.

Inlet Village in Indian River Plantation

Inlet Village is one of the few pet friendly condo associations that allow up to two large pets per condo.  Liberal rental rules will also allow rentals as short as one month.  The Condo fees (as of January 2017) were $500 a month and cover the common areas as well as building insurance and outside maintenance as well as water and sewer.

Inlet Village in Indian River Plantation

Search for Inlet Village Condos for Sale

Additional Indian River Plantation Condos you may wish to consider:
Bayview – Beachwalk – Dunes Club – Fairway Villas – Lakeside – Ocean House – Ocean Terrace – Plantation Club Villas – Plantation House – Resort Villas – River Village – Riverbend – Riverwood – Tennis Villas

Florida Single Family Homes February 2017 Market Detail

03.30.17 by

Florida Single Family Homes February 2017 Market Detail

The Florida Single Family Homes Market Detail for February 2017 showed slightly weaker growth when compared to last year.  Closed sales were down by 0.5% (were up by 5.2% in January) and new sales under contract (new pending sales) were down by 2.0% (were up by 3.8% in January).

Both the median and average sales prices continued to rise from February 2016 to February 2017.  Up by 12.5% and 9.5% respectively, compared to January’s 10.1% and 4.0%.

The inventory of available homes for sale fell by 4.0% from last year.  For February there was a 4.2 months supply of inventory as Florida remains in a sellers market with the advantage for sellers. (February of 2016 had a 4.4 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.  Inventory is once again decreasing which continues to put pressure on rising prices and sales.

Florida Single Family Homes February 2017 Market Detail

Click here to view or download the full report:

Florida Single Family Homes February 2017 Market Detail

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 February 2017 Market Detail

Hobe Sound FL 33455 Condo Market Report February 2017

03.29.17 by

Hobe Sound FL 33455 Condo Market Report February 2017

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for February 2017

 

For February 2017 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 13 active condo listings. (Unchanged from January)

Hobe Sound FL 33455 Condo Market Report February 2017

6 Condo is pending and awaiting close. (Up by 5 pending condos from January)

Hobe Sound FL 33455 Condo Market Report February 2017

2 Condos sold in February. (Decreased by 12 closed sales from January)

 Hobe Sound FL 33455 Condo Market Report February 2017

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Sales dropped to a more normal level this month while pending activity rose nicely on unchanged inventory.

The absorption rate for Hobe Sound condos was 6.5 months for February (was 0.9 in January).  A balanced market. 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 on 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 February 2016 numbers were: 9 active listings, 5 pending sales and 0 closed sales.  It’s very difficult to make meaningful comparisons with such low numbers of sales and inventory, though this segment appears to be returning to more normal volume.

Hobe Sound FL 33455 Condo Market Report February 2017

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report February 2017

Hobe Sound FL 33455 Residential Market Report February 2017

03.28.17 by

Hobe Sound FL 33455 Residential Market Report February 2017

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for February 2017

  For February 2017 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 233 active listings. (Up by 1 homes from January)

Hobe Sound FL 33455 Residential Market Report February 2017

76 Residential sales are pending and awaiting close  (Down by 2 homes from January)

Hobe Sound FL 33455 Residential Market Report February 2017

50 Homes Sold in February (Up by 23 homes from last month)

Hobe Sound FL 33455 Residential Market Report February 2017

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County had a big jump in closed sales for the month while maintaining inventory as well as pending sales.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 4.7 months (8.6 months in January).  Back into a sellers’ market for Hobe Sound residential real estate.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for February 2016 were:  206 active listings, 116 pending sales and 27 closed sales.  Considerably stronger activity this year than last for closed sales, but pending sales are somewhat less on greater availability of homes for sale.

Hobe Sound FL 33455 Residential Market Report February 2017

Search here for Hobe Sound Florida Real Estate for Sale

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

Hobe Sound FL 33455 Residential Market Report February 2017

Newer Stuart Home with Guest Cottage – Just Listed

03.28.17 by

Newer Stuart Home with Guest Cottage

First time on the market.  316 SE Martin Ave. in Stuart FL is now available for sale.  Call for price.

Central Stuart FL Home for Sale

Welcome to Casa Bella in the heart of Stuart FL.  This is a custom designed 2014 2 bedroom, 2 and ½ bathroom home built to the highest standards on a double lot with a detached cottage featuring a full kitchen and bath.  The main home features a chef’s kitchen with quartz counter tops, top of the line appliances with a 6 burner wolf gas range, ice maker, wine cooler and a large island.  A beautiful master bedroom with wood inlays in the ceiling, spacious walk-in closet along with two additional smaller closets.  The second bedroom also boasts a walk-in closet and has its own ensuite bathroom. A dedicated laundry room with top of the line Maytag washer and dryer included with the home.  Spacious two car garage with many built ins and room for additional storage.  A large open living area overlooks the covered patio and landscaped back yard with a gas powered fire pit.

Central Stuart FL Home for Sale Central Stuart FL Home for Sale

The guest cottage was built in the 1960’s but was extensively updated in 2012 and a new roof was installed in 2016.  This cottage has a full bath and kitchen along with two spacious closets and a Murphy bed that coveys with the property

Central Stuart FL Home for Sale Central Stuart FL Home for Sale

There is a dedicated boat parking spot in the backyard and a gate to ensure ease of access for ingress and egress.  Many fruit trees and lush landscaping is highlighted in this lovely outdoor space.

Central Stuart FL Home for Sale Central Stuart FL Home for Sale

Central Stuart FL Home for Sale Central Stuart FL Home for Sale

This home was constructed to exceed the latest City of Stuart building codes (2010). This home was designed to withstand 160 M.P.H. wind gusts with PGT Winguard hurricane and impact resistant windows.  More information and the full home specs are available.

Central Stuart FL Home for Sale Central Stuart FL Home for Sale

Just listed in Stuart FL real estate.

Jensen Beach FL 34957 Residential Market Report February 2017

03.26.17 by

Jensen Beach FL 34957 Residential Market Report February 2017

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for February 2017

 For February 2017 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 190 active listings. (Down by 8 homes from last month)

Jensen Beach FL 34957 Residential Market Report February 2017

96 Residential sales are pending and awaiting close or lender approval. (Increased by 24 homes from January)

Jensen Beach FL 34957 Residential Market Report February 2017

27 Homes Sold (Down by 7 homes sale from January)

Jensen Beach FL 34957 Residential Market Report February 2017

The Jensen Beach FL 34957 Residential Market showed some very strong gains in pending sales.  Unfortunately, a decrease in closed sales, but I expect this segment of the Stuart real estate market to be active in the next few months.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 rose to 7 months ( was 5.8 months in January).  Shifting into a balanced market for the Jensen Beach residential real estate segment but getting very close to a balanced market.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The February 2016 numbers were: 128 active listings, 66 pending sales and 20 home sales closed.  Considerably greater inventory this year and an accompanying greater volume of closed and pending sales.
Jensen Beach FL 34957 Residential Market Report February 2017

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Jensen Beach FL 34957 Residential Market Report February 2017

Palm City FL 34990 Residential Market Report February 2017

03.24.17 by

Palm City FL 34990 Residential Market Report February 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for February 2017

 

For February 2017 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 445 active listings (Increased by 24 homes from January)

Palm City FL 34990 Residential Market Report February 2017

135 Residential sales are pending and awaiting close or lender approval. (Up by 10 homes from last month)

Palm City FL 34990 Residential Market Report February 2017

56 Homes Sold in January (Up by 4 homes from January)

Palm City FL 34990 Residential Market Report February 2017

The Palm City FL, zip code 34990 residential real estate market continues to have more homes on the market and it appears that both pending and closed sales are also increasing.
The monthly absorption rate decreased to 7.9 months from 8.1 months in January.  Still in a buyers’ market for the Palm City zip code 34990 area for residential sales, but with the strong number of pending sales, I expect a balanced market in the next month or so.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The February 2016 numbers were:  415 active listings, 152 pending sales and 56 closed sales.  Similar activity as compared to last year but with greater inventory this year.

Palm City FL 34990 Residential Market Report February 2017

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Palm City FL 34990 Residential Market Report February 2017

Sugar Hill Jensen Beach March 2017 Market Report

03.24.17 by

Sugar Hill Jensen Beach March 2017 Market Report

As of March 2017, there are 3 homes on the market in Sugar Hill in Jensen Beach, FL.  Listing prices range from $499,000 to $699,000 for an average list price of $582,633 which equates to $197.62 per sq. ft. of living area.

There is one Sugar Hill home under contract and awaiting settlement.  The list price was $779,000 or $219.75 per sq. ft. of living area.  This home was on the market for 3 days before accepting the current offer.

There have been 8 homes sold in the past 12 months in Sugar Hill.  Sales prices ranged from $295,000 to $525,000 for an average sales price of $389,747 which equals $144.39 per sq. ft. of living area and averaged 102% of list price. The average days on market for these homes was 96 days prior to going under contract.

Sugar Hill in Jensen Beach Florida

Sugar Hill in Jensen Beach is an eye pleasing high elevation neighborhood filled with upscale homes in Jensen Beach. All homes have very spacious yards that are surrounded with gorgeous Florida foliage. Most homes are timeless architectural works of beauty! Houses range from 2 to 5 bedrooms and 2 to 5 bathrooms, so whatever size you are looking for, Sugarhill is sure to have it. The neighborhood is located just minutes from all that Jensen Beach has to offer, like the beautiful stretches of beach on Hutchinson Island, the fantastic shopping at the Treasure Coast Square Mall, many restaurants you are sure to love, and our ‘A’ rated schools for all grade levels!

Sugar Hill in Jensen Beach FloridaSugarhill has very reasonable HOA fees of only $500.00 per year.

Sugar Hill in Jensen Beach Florida

The current Martin County Schools for Sugar Hill are Jensen Beach Elementary School, Stuart Middle School and Jensen Beach High School

Sugar Hill in Jensen Beach Florida

 

Here are the currently available homes in Sugar Hill in Jensen Beach

 

For any questions you may have about March 2017 Market Report for Sugar Hill in Jensen Beach, please call the Gabe Sanders BlueWater Realty team at 772-323-6996 or Contact Us Here

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Sugar Hill Jensen Beach March 2017 Market Report