Stuart Florida Market Report ZIP Code 34994 Residential November 2016

12.14.16 by

Stuart Florida Market Report ZIP Code 34994 Residential November 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for November 2016

For November, 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 45 active listings (Decreased by 11 homes from October)

Stuart Florida Market Report ZIP Code 34994 Residential November 2016

31 Residential sales are pending and awaiting close or lender approval (Decreased by 1 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential November 2016

14 Homes Sold in October (Down by 2 homes from October)

Stuart Florida Market Report ZIP Code 34994 Residential November 2016

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continues with very strong activity.  Unfortunately the inventory of active home listings is dropping once again to levels that may make this market difficult in the near future.

The one month absorption rate for the 34994 zip code for November declined to 3.2 months from 3.5 months for October.  Continuing as 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 November 2015 numbers were 61 Active Listings, 25 pending sales and 12 closed sales.  Considerably stronger activity this year when compared to 2015, but the large drop in inventory is troubling.

Stuart Florida Market Report ZIP Code 34994 Residential November 2016

Search here for Stuart Florida Real Estate for Sale

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Stuart Florida Market Report ZIP Code 34994 Residential November 2016

The Dream Home

12.09.16 by

The Dream Home

Dream Home

In today’s revitalized economy, I as a Realtor am often approached by potential buyers who come in search of their dream home. These buyers finally have accumulated the money and resources to buy the home they’ve always wanted; not just a temporary shelter that will get them by until something better comes along.

It is truly a joy and a privilege to be the merchant of dreams; to help my clients find the home they have wanted and envisioned for years. It can however be a challenge if they do not have a clear idea of what they want in a residence. It may be difficult for them to describe and pinpoint the traits and qualities that constitute their dream home; and in that case, I will ask a series of questions that will help them realize the dream:

1. Describe the home of your dreams.  I have them describe in detail the home of their fantasy; the place that they’ve always wanted to come home to, the house that truly would feel like a home. I ask them to specify the look and style of this residence, as well as other traits and characteristics that they consider to be must haves.

2. Who will live here with you?  How many people will live in the house, in order to determine the number of bedrooms and bathrooms that need to be included in the residence as well as its square footage. Beyond the basics, the wants and opinions of these other residents also should be considered before any final purchase is made.

3. Where is your dream home? Do you have a specific location in mind? Or, will you let me do my job to locate the home of their dreams; but I can’t do this until I get a general idea of a preferred location or feel of a community. Do you wish to make their home in the city or the country, or perhaps in the suburbs? Is there a particular community that you enjoy visiting on a regular basis? Do you need a place that is located in close proximity to a particular school or workplace? As the old saying goes, “Location, location, location!”

4. What extras and accents do you want? Does your dream home include a fireplace, a swimming pool, a rec room? Little things mean a lot, especially if they’re fun and luxurious; the stuff of dreams, so to speak.

I can help you find your dream home.  Call me at 772-232-5966!

 

The Gift of a New Home

12.05.16 by

The Gift of a New Home

christmas-wreath

As we all begin the long and involved process of shopping for the Christmas season, we may find ourselves challenged to come up with just the right gift for just the right person on our holiday gift giving list. Should the gifts that you bestow on friends and family this year take the form of electronics, baked goods, handmade tokens of your great and deepest affection, or a new house?

That’s correct, you read it right. If you currently have both the desire and the means to indulge in such a major investment, then the gift of a new home is perhaps the most personal and meaningful gift that you can give anyone on your Christmas list this year, up to and including….

1. Your spouse. If you and your spouse have been looking to relocate, and you know that he/she has a specific type of home in mind, then you might consider purchasing the house just before the holidays—then slipping the front door key inside their Yuletide stocking as it hangs by the fireplace. Or, even better yet, take them for a drive to see some homes that have been brightly decorated for Christmas—including your new place! This is one Christmas that the two of you will never forget!

2. Your children. The gift of a new home just may be the ultimate expression of familial love; and at different times throughout the course of your life, you might find reason or cause to gift your offspring with this life-changing token of your love and devotion. You and your spouse might surprise the kids with the news that you’re about to affect a new and exciting change of scene in your family. Or at a later date, you might buy a home that they themselves will inhabit with their own new and growing family—or perhaps just occupy themselves.

3. Your parents. Often when people reach a certain level of success in life, they may choose to give back to the people who raised and educated them. They may choose even to buy a place for their parents to rest and retire; finding the ultimate was to say “Thank you” for all that Mom and Dad have done for them. And if these precious people in their lives need a little extra care, they might even choose to buy a large house in which the whole family can live. You might as well make it a holiday house!

If you’re looking to give such a wonderful gift in or around Stuart, FL, give me a call.

St Lucie County Townhouses and Condos October 2016 Market Detail

12.02.16 by

St Lucie County Townhouses and Condos October 2016 Market Detail

The St Lucie County Townhouses and Condos Market Detail for October 2016 resulted in slightly weaker sales activity as compared to last October.  Closed sales were down by 16.2% from last year (was unchanged in September) while new pending sales decreased by 33.3% (was down by 5.1% in September).

Prices continue to increase quite strongly with the median price up by 11.9% (was up by 6.5% in September) while the average sales price increased by 13.4% (was up by 5.9% in September).  I don’t expect these price increases to be quite so strong in future months if sales activity continues to slow.

The inventory of available townhouses and condos increased by 23 units from last month to 530 units, which is 1.5% greater than October 2015. The current supply of units is 5.4 months, which is 5.9% higher than the 5.1 months of inventory last year.  The St Lucie County townhouses and condos continues to be in a sellers 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 October 2016 Market Detail

Click here to view or download the full report:
St Lucie County Townhouses and Condos October 2016 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 October 2016 Market Detail

St Lucie County Single Family Homes October 2016 Market Detail

12.01.16 by

St Lucie County Single Family Homes October 2016 Market Detail

St Lucie County Single Family Homes Market Detail for October 2016 continues to have reduced sales activity from last year.  Closed sales were down by 24.5% (in September they were down by 6.6%) and new sales under contract (new pending sales) decreased by 8.9% (they were down by 11.5% last month).

Prices, however, continue their upward march at strong rates.  The median and average sales prices up by 12.0% and 13.4% respectively from last October (For September these numbers were up 10.0% and 10.6%).  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 increased by 14 homes to 1,685 homes.  This inventory is 8.2% higher than last year.  The current supply of homes is at 3.8 months (3.4 months for October of 2015)  This is 11.8% greater than last year.  The St Lucie County single family home market remains in a very strong sellers market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes October 2016 Market Detail

Click here to view or download the full report:
St Lucie County Single Family Homes October 2016 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 October 2016 Market Detail

Martin County Townhouses and Condos October 2016 Market Detail

11.30.16 by

Martin County Townhouses and Condos October 2016 Market Detail

Martin County Townhouses and Condos Market Detail for October 2016 showed a dramatic drop in sales.  Closed sales were down for the month by 46.9% (was down by 3.2% in September) while new sales under contract (new pending sales) were down by 23.7% from October 2015 (decreased by 16.8% in September).

Prices were also down for October as the median sales price decreased by 1.7% (was up by 6.5% in September) while the average sales price decreased by 14.7% (was down by 4.0% in September) as compared to October of 2015.  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 increased by 41 units to 405 properties as compared to last month.  This is 17.7% greater than the October 2015 inventory.  Currently, there’s a 4.3 month supply of inventory (a 30.3% increase from last year).  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 October 2016 Market Detail

Click here to view or download the full report:
Martin County Townhouses and Condos October 2016 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 October 2016 Market Detail

Martin County Single Family Homes October 2016 Market Detail

11.29.16 by

Martin County Single Family Homes October 2016 Market Detail

The Martin County Single Family Homes Market Detail for October 2016 continues to show reduced sales volume when compared to last years figures, yet don’t mistake this as a weak market, as it remains quite robust.  Closed sales were down by 10.7% (was down by 9.2% in September). New pending sales decreased by 0.6% as compared to October of 2015 (Decreased by 1.6% in September).

For October there were mixed signals about prices with the median sales price rising by 0.9% from last year (up by 12.4% in September) while the average price decreased by 12.1% (was down by 8.1% last month).   Typically this is a result of higher prices in the lower valued range of home sales and fewer sales in the luxury market.

The inventory of available single family homes increased from last month by 19 homes to 1004 units for October,  this is 3.9% greater than last October.  Current supply of homes is 5.1 months, for October of last year it was a 4.6 months supply. (This is a 10.9% increase from last year).  Still a sellers 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 October 2016 Market Detail

Click here to view or download the full report:
Martin County Single Family Homes October 2016 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 October 2016 Market Detail

November 2016 Market Report for Ocean Bay Villas on Hutchinson Island

11.29.16 by

November 2016 Market Report for Ocean Bay Villas on Hutchinson Island

As of November 2016 there are 4 available townhomes in the Ocean Bay Villas community on Hutchinson Island, FL.  List prices are from $349,000 up to $$450,000, for an average list price of $408,438 or $170.72 per sq. ft. of living area.

There is 1 townhome under contract.  This home was listed for $429,000 or $197.60 per sq. ft. of living area and was on the market for 881 days prior to going under contract.

There have been 5 closed sales in the past 12 months.  Sales prices ranged from $367,000 to $445,000 which averages to $396,500 and is equal to $152.91 per sq. ft. of living area.  These homes sold for an average of 95% of list price and  averaged 77 days on market before going under contract.

November 2016 Market Report for Ocean Bay Villas on Hutchinson Island

Ocean Bay Villas on Hutchinson Island is an exclusive private enclave for only 78 owners located beautiful and unspoiled Hutchinson Island in Saint Lucie County on Florida’s Treasure Coast.  All villas in Ocean Bay feature three story luxury town home style residences with elevators and modern updated interiors.

November 2016 Market Report for Ocean Bay Villas on Hutchinson Island

There are three different home plans; The Azalea with 3 Bedrooms, 3 & 1/2 Baths and Den in 2171 sq. ft. of living area. The Beachberry which has 3 Bedrooms, 3 Baths, Den and Office in 2,327 sq. ft. of living area.  And, the Cocoplum with with 3 Bedrooms, 3 & 1/2 Baths and Den in 2,579 sq. ft. of living area

November 2016 Market Report for Ocean Bay Villas on Hutchinson Island

November 2016 Market Report for Ocean Bay Villas on Hutchinson Island

November 2016 Market Report for Ocean Bay Villas on Hutchinson Island

All models have two car garages, 9 and 10 foot ceilings. This gated Ocean Side community features an entertainment clubhouse, fitness center, community pool and spa.  A true resort style lifestyle that can be yours everyday.

Search for all Available Ocean Bay Villas on Hutchinson Island in Stuart Florida
Search the Martin County MLS

View all of our listings

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

November 2016 Market Report for Ocean Bay Villas on Hutchinson Island

Florida Townhouses and Condos October 2016 Market Detail

11.28.16 by

Florida Townhouses and Condos October 2016 Market Detail

The Florida Townhouses and Condos Market Detail for October 2016 showed continued weakness as compared to last year for sales.   Closed sales were down by 12.3% as compared to last months decrease of 3.9% and new sales under contract (new pending sales) decreased by 14.5% (In September there was a 5% decrease).

Values, however, continued to increase though at a more moderate pace.  Median sales prices were up by 8.1% (was up by 6.7% in September), while the average sales price increased by 0.5% (was down 2.9% in September).  As sales activity decreases and if inventory continues to increase, I expect these prices to continue to moderate.

The inventory increased by 8.2% from October of last year.  For September 2016 we have 5.9 months of inventory (was  5.8 months in September) and compared to 5.3 for October 2015.  We are approaching a balanced market for Florida townhouse and condo sales. 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 October 2016 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 October 2016 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 October 2016 Market Detail

Should I Stay or Should I Go?

11.27.16 by

Should I Stay or Should I Go?

open-house

If you are planning an open house, you as a home owner may find yourself humming the chorus of that old classic Clash song, “Should I Stay or Should I Go?”

Why? Well for one, the Clash is totally awesome. For another, you as an individual making a concerted effort to sell your home may be wondering if you should stay on site for the occurrence of your open house event; or if in fact you should hightail it to a restaurant, shopping mall or movie theater for the duration of the event. Well before you answer that question, you first must resolve several others:

1. What is the opinion of your real estate agent? You just knew we’d mention that one, didn’t you? It is important, though, to consult your Realtor about whether or not you should remain with them on site at the home, or whether you should—to use the most technical terminology possible—vamoose.

2. Do you have kids and pets? If so, leave as quickly as possible—and take them with you! Seriously, though; the answer to this question depends entirely on the age and temperament of both your kids and your pets. Do your pets bite? Do your small children bite? Are both properly house trained? If your children and your animals are well behaved and unobtrusive, then it would be probably be fine to remain with them in the home for the duration of your open house. Otherwise, you may wish to leave and take them with you throughout the event.

3. Are you prepared to answer questions about your home? As a home owner, people will naturally approach you with questions about any and all aspects of your residence. Are you willing and prepared to answer them, in all honesty and to the best of your ability?

4. Are you prepared to hear criticisms of your home? If you stay on site for the duration of your open house, then you may overhear some not so nice things about your house. Even the most beautiful, well-kept residence may garner criticism from particular home buyers; some of which they may say behind your back but within your earshot, while other comments might be stated directly to your face. Either way, be prepared for them. And try your darnedest not to deck the guy.

Once you answer all of these questions, then you should be able to determine whether to stay—or whether to go!

 

Florida Single Family Homes October 2016 Market Detail

11.26.16 by

Florida Single Family Homes October 2016 Market Detail

The Florida Single Family Homes Market Detail for October 2016 showed weaker sales activity from last year.  Closed sales were down by 5.3% (was down by 0.5% in September) and new sales under contract (new pending sales) were down by 7.1% (was down by 4.8% in September).

Both the median and average sales prices, though, continue to rise from October 2015 to October 2016.  Up by 11.7% and 6.4% respectively, compared to September’s 11.3% and 6.8%.  I continue to predict the rate of price increases to moderate in the near future if sales continue to slow and  this should also result in a rise of inventory.

The inventory of available homes for sale fell by 3.2% from last year.  For October there was only a 4.2 months supply of inventory as Florida remains in a sellers market with the advantage for sellers. (October of 2015 had a 4.3 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Single Family Homes October 2016 Market Detail

Click here to view or download the full report:

Florida Single Family Homes October 2016 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 October 2016 Market Detail

Hobe Sound FL 33455 Condo Market Report October 2016

11.25.16 by

Hobe Sound FL 33455 Condo Market Report October 2016

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for October 2016

 

For October 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 6 active condo listings. (Up by 1 condos from September)

Hobe Sound FL 33455 Condo Market Report October 2016

1 Condos are pending and awaiting close. (Down by 2 pending condos from September)

Hobe Sound FL 33455 Condo Market Report October 2016

1 Condos sold in October. (Decreased by 2 closed sales from September)

Hobe Sound FL 33455 Condo Market Report October 2016

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory levels are at all time lows and it is quite remarkable that there is as much activity as there is in this small segment of the Martin County real estate market.

For October, 2016 the absorption rate is 6 month (it was 1.7 months in September).  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 October 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 October 2015 numbers were: 4 active listings, 0 pending sales and 3 closed sales.  It’s very difficult to make meaningful comparisons with such low numbers of sales and inventory.

Hobe Sound FL 33455 Condo Market Report October 2016

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report October 2016

The Medalist November 2016 Market Report

11.25.16 by

The Medalist November 2016 Market Report

As of November 2016 there are 20 homes for sale in the Medalist.  This includes a selection of both new and pre-owned homes.  List prices range from $719,000 up to $1,900,000 for an average list price of $1,166,645 which works out to $314.43 per sq. ft. of living area.

There is one home under contract.  The list price was $1,950,000 which is also $378.20 per sq, ft. of living area.  This home was on the market for 164 days before going under contract.

In the past 12 months, 8 homes have sold in the Medalist.  Sales prices ranged from $520,000 up to $1,649,000 for an average sales price of $1,028,125 which equals $245.15 per sq. ft. of living area.  These homes sold for an average of 94% of the final list price and went under contract in an average of 165 days.

About The Medalist in Hobe Sound Florida:

It just doesn’t get any better that The Medalist if you want to play golf.  Surrounded by over 870 acres of pristine Florida natural preserve and the home of Greg Norman’s signature golf course.

The Medalist is located in Hobe Sound between Jupiter and Stuart Florida.  Easy access to Jupiter Island and the beaches and also a quick ride to I-95 and points South or North.

New homes are available from quality builder Zuckerman Homes as well as a number of fine pre-owned homes in the estates or the Medalist Village.   All homes at The Medalist Country Club Estates & Spa in Hobe Sound include access to the incomparable Medalist Village consisting of a world-class spa facility, a unique Par 3 golf course designed by Greg Norman, classic Har-Tru tennis courts, and a distinctive Aussie Pub that serves as the social center of the Medalist Village.

HOA fees in the Medalist vary greatly by location and currently (November 2016) range from $208 up to $558 per month.  The higher HOA homes typically include membership in the adjoining Greg Norman-designed par-3 golf course, 2 Har-Tru tennis courts, spa and fitness facilities, & Aussie Pub that serves as the social center of the community.

Children who live in the Medalist are zoned to attend Hobe Sound Elementary School, Murray Middle School and South Fork High School.

Please contact us for a list of amenities as well as currently available homes at the Medalist that are not available on our search page.

Search for Hobe Sound Florida Golf Course Homes for Sale

Hobe Sound FL 33455 Residential Market Report October 2016

11.24.16 by

Hobe Sound FL 33455 Residential Market Report October 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for October 2016

  For October 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 198 active listings. (Up by 5 homes from September)

Hobe Sound FL 33455 Residential Market Report October 2016

59 Residential sales are pending and awaiting close  (Down by 5 homes from September)

Hobe Sound FL 33455 Residential Market Report October 2016

33 Homes Sold in October (Down by 14 homes from last month)

Hobe Sound FL 33455 Residential Market Report October 2016

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County has slowed down to a balanced market with reduced pending and closed sales and a continuing increase in inventory.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 6 months (4.1 months in September).  A balanced market for the first time in close to three years of sellers markets.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for October 2015 were:  122 active listings, 68 pending sales and 44 closed sales.  As with most other areas in Martin County for this month, weaker activity as compared to last year.

Hobe Sound FL 33455 Residential Market Report October 2016

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 October 2016

Jensen Beach FL 34957 Residential Market Report October 2016

11.22.16 by

Jensen Beach FL 34957 Residential Market Report October 2016

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for October 2016

 For October 2016 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 171 active listings. (Up by 2 homes from last month)

Jensen Beach FL 34957 Residential Market Report October 2016

69 Residential sales are pending and awaiting close or lender approval. (Decreased by 9 homes from September)

Jensen Beach FL 34957 Residential Market Report October 2016

37 Homes Sold (Up by 5 home sales from September)

Jensen Beach FL 34957 Residential Market Report October 2016

The Jensen Beach FL 34957 Residential Market continues to show strong activity for October.  Close and pending sales remained active and the inventory made a small gain.  One of the strongest markets currently in Martin County.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 4.6 months ( was 5.3 months in September).  A stronger sellers’ market for the Jensen Beach residential real estate segment as compared to last month.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The October 2015 numbers were: 133 active listings, 48 pending sales and 27 home sales closed.  One of the few areas of martin County with a much stronger market when compared to last year.
Jensen Beach FL 34957 Residential Market Report October 2016

Search here for Jensen Beach Real Estate for Sale

Residential Properties

Land Properties

Rental Properties

Commercial Properties

Residential Income Properties

 

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

Jensen Beach FL 34957 Residential Market Report October 2016

The new and improved housing market: A reason to be thankful

11.21.16 by

The new and improved housing market: A reason to be thankful

Happy Thanksgiving

As we all know, the holiday of Thanksgiving is the time we take a moment to count our blessings in life; which if we’re fortunate might include our family, our friends, our home, our work, our many and a sundry life blessings…

…and the housing market.

OK, so maybe you don’t spend as much time thinking about and doting on the national housing market as you do your family and friends—or we hope not, at least! Yet you have to admit that this year has witnessed the overall strengthening of the economy and an amazing turnaround in home sales—thus creating an exciting, invigorating new real estate market. Home sales are rising, prices are increasing, and mortgage rates are elevating. And, given this refreshing and encouraging change of circumstance, you yourself may be tempted to put your house up for sale.

Before you jump on the home sales bandwagon, however, pause to ask yourself some important questions first:

1. Are you indeed ready to sell your Stuart FL house? If your residence is still in good condition, still accessible to your workplace and to your children’s school, and still meeting all of your basic needs in terms of shelter and life sustenance, then you may just want to keep on living there—at least for a while.

2. Has the overall strength and solidity of the real estate market translated to your our area? In the past few months, numerous regions across the country have become virtual hot beds for real estate prosperity. From Boulder, Colo., to Bay City, Mich., to Sumter, S.C., more homes are being bought and sold at record rates. Just make sure that this aura and atmosphere of success, opportunity and prosperity has engulfed and encompassed your community. If home sales are slow and the economy weak in your town of residence, then you not wish to plunge headfirst into the local home sales market.

3. Before setting the price of your home, set some realistic expectations first. While home prices are raising, you still want to make sure that you don’t price yourself out of a profitable, top notch home sale. Place a great deal of intensive consideration into your chosen price; and if you happen to need a little help along the way….

4. Call a Realtor. You knew I’d say that, didn’t you? The fact is though that a seasoned professional real estate agent will help you navigate your way through today’s thriving but still complex housing market. Give me a call!

Gabe Sanders
Stuart FL Real Estate

Palm City FL 34990 Residential Market Report October 2016

11.20.16 by

Palm City FL 34990 Residential Market Report October 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for October 2016

 

For October 2016 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 400 active listings (Increased by 23 homes from September)

Palm City FL 34990 Residential Market Report October 2016

 114 Residential sales are pending and awaiting close or lender approval. (Down by 7 homes from last month)

Palm City FL 34990 Residential Market Report October 2016

55 Homes Sold in September (Up by 1 homes from September)

Palm City FL 34990 Residential Market Report October 2016

The Palm City FL, zip code 34990 residential real estate market activity is showing some weakness going into a buyers market for the first time in years.  Inventory is up above last year while sales and ending sales have decreased.
The monthly absorption rate increased to to 7.3 months from 7 months in September.  Now a buyers market for the first time in a few years for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The October 2015 numbers were:  377 active listings, 137 pending sales and 58 closed sales.  This is the second month with weaker activity for this year as compared to last year.

Palm City FL 34990 Residential Market Report October 2016

 Search here for Palm City Florida Real Estate for Sale

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

 

Palm City FL 34990 Residential Market Report October 2016

Fall into a New Home

11.16.16 by

Fall into a New Home

Fall

As we say goodbye to the season of summer, traditionally a time of sun and fun, we also welcome the autumn months; traditionally a time when people choose to make major decisions and changes in their lives.

During these pivotal months, you may be considering a major life move, most literally. In other words, you might be seriously contemplating the purchase of a new home.

Before you make the big move this fall, ask yourself a few important questions first:

1. Are you more restless or resolved? Some people simply grow tired of homes that are still very livable and in great condition. In this case, you might opt to remodel or in some way enhance your homestead, as opposed to selling the house outright and investing in a new residence. If on the other hand you are resolved to making a major change in your life and scene, then it may be time to buy a new home.

2. Are you still living under the influence of summer fever? When some people escape for a long, revitalizing summer vacation, they may become enamored of their vacation spot; so much so that they suddenly develop a burning desire to move to Paradise. What they need to realize, though, is that Paradise may seem just a bit less heavenly if you have to work and pay bills there—like you do back home, and in the context of your everyday life. Depending on how much it costs to reside at your dream locale, as well as the educational and occupational opportunities available there, it might not be worth it to move to Paradise. If on the other hand you truly feel that your vacation spot might also make an ideal new home, then you may wish to check out the real estate market in that area.

3. Are you ready for a major move? If you do choose to relocate to a new home this fall, you will have to find a new job or educational institution, new recreational and cultural opportunities, a new doctor and dentist, and new friends. You will have to endure the stresses of moving and establish new roots in your fresh purchased home place. Ah, but perhaps you are ready for a change and up for the challenge. If so, then fall into fall; and, if you choose, into the home of your dreams.

If you’re ready, give me a call.

Stuart Oceanfront Condo on Hutchinson Island Price Reduced

11.15.16 by

Stuart Oceanfront Condo on Hutchinson Island Price Reduced

The new price for this Suntide Condo is $315,000.  View more pictures and information about this condo here.

Ocean Access from the Suntide Condo on Hutchinson Island

A spacious condo with just under 1,800 sq. ft. of living area in the Suntide Condominium of Stuart FL. This 2 bedroom, 2 bathroom condo has been well maintained and offers ample storage as well as plenty of flex room if you need more space for additional visitors. The enclosed patio offers great peeks at the Ocean and green space. This first floor condo also has additional storage, under building parking, community pool, sundeck, exercise room, clubhouse with kitchen and party area as well as billiards and a game room. All in a wonderful oceanfront location that is close to the Publix market as well as downtown Stuart.

Pool of Suntide Condo on Hutchinson Island Pool of Suntide Condo on Hutchinson Island

About Suntide Condos on Hutchinson Island

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

Fitness Room in the Suntide Condo on Hutchinson Island Game room in the Suntide Condo on Hutchinson Island

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

Tennis Courts of Suntide Condo on Hutchinson Island Shufleboard Courts in Suntide Condo on Hutchinson Island

As of November 2016, condo fees in Suntide varied from $450 to $570 a month depending on the size of the condo. This fee includes Cable, Common Areas, Elevator, Insurance-Bldg, Lawn Care, Manager, Master Antenna/TV, Parking, Pest Control, Reserve Funds, Roof Maintenance, Sewer and Water.

Under Building Parking for the Suntide Condo on Hutchinson Island Pool of Suntide Condo on Hutchinson Island

Sundeck of the Suntide Condo on Hutchinson Island Suntide Condo on Hutchinson Island

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Hutchinson Island Real Estate is presented by:
Gabe Sanders – Stuart Florida Real Estate

Stuart Florida Market Report ZIP Code 34994 Residential October 2016

11.14.16 by

Stuart Florida Market Report ZIP Code 34994 Residential October 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for October 2016

For October, 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 56 active listings (Decreased by 8 homes from September)

Stuart Florida Market Report ZIP Code 34994 Residential October 2016

32 Residential sales are pending and awaiting close or lender approval (Decreased by 2 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential October 2016

16 Homes Sold in September (Up by 5 homes from September)

Stuart Florida Market Report ZIP Code 34994 Residential October 2016

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had very strong activity for what is typically a slow month for the area.  Unfortunately the inventory of active listings is getting a bit to small once again.

The one month absorption rate for the 34994 zip code for October plunged to 3.5 months from 5.8 months for September.  Back 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 October 2015 numbers were 55 Active Listings, 30 pending sales and 8 closed sales.  A much improved market for this year when compared with last year..

Stuart Florida Market Report ZIP Code 34994 Residential October 2016

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Stuart Florida Market Report ZIP Code 34994 Residential October 2016