Bay Pointe Palm City September 2016 Market Report

There are four homes currently for sale in Bay Pointe in Palm City FL. These homes are listed for sale from $535,000 up to $2,595,000 for an average list price of $1,790,549 which equals $362.53 per sq. ft. of living space.

There are no homes currently under contract in Bay Pointe.

In the past 12 months, 3 homes have sold in Bay Pointe. Sales prices ranged from $700,000 to $2,100,000 for an average sales price of $1,383,333 which works out to $256.90 per sq. ft. of living area. These three homes were on the market for an average of 51 days before going under contract. These homes sold for an average of 91% of the list prices.

About Bay Pointe in Palm City, Florida:

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Located next to Seagate Harbor and Lighthouse Pointe is the exclusive subdivision of Bay Pointe in Palm City Florida. This exclusive gated waterfront subdivision boasts 23 homes and lots on the wide waters of the Saint Lucie River. An additional 11 non waterfront homes and homesites enjoy the amenities of this private community. Even the non-waterfront homes have access to docks with a community pier located on the south side of the community.

The current HOA fees vary from $910 up to $1,350 a month depending on whether the owner chooses to have the HOA do the landscaping for the yard (current as of September 2016).

Located with a large private preserve area to the south and west and enjoying magnificent wide water views to the east. Only minutes to the wide Atlantic Ocean by boat and enjoying the amenities and low taxes of Martin County make Bay Pointe a wonderful place to call home.

Close to parks, beaches, shopping and boasting the ‘A’ rated school system of Martin County. Current school assignments for Bay Pointe are the Bessey Creek Elementary School, Hidden Oaks Middle School and Martin County High School.

The Gabe Sanders real estate team has some excellent buyer and seller rebate programs available for a limited time for those interested in buying or selling in Bay Pointe. (Available until 12/2016) Please call for details.

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Bay Pointe Palm City September 2016 Market Report

Palm City FL 34990 Residential Market Report August 2016

09.20.16 by Gabe Sanders

Palm City FL 34990 Residential Market Report August 2016

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

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

There are currently 391 active listings (Increased by 8 homes from July)

116 Residential sales are pending and awaiting close or lender approval. (Down by 4 homes from last month)

68 Homes Sold in July (Down by 15 homes from July)

The Palm City FL, zip code 34990 residential real estate market activity eased a bit from last month. Both closed and pending sales are off for the month. Though, we’re still in a sellers market for Palm City.

The monthly absorption rate increased to to 5.8 months from 4.6 months in July. Drifting towards a balanced market 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 August 2015 numbers were: 355 active listings, 155 pending sales and 74 closed sales. Our inventory is considerably higher this year, but the sales activity has slowed considerably and is less than that for the August 2015 time period.

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Palm City FL 34990 Residential Market Report August 2016

Stuart Florida Market Report ZIP Code 34994 Residential August 2016

09.14.16 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Residential August 2016

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

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

There are currently 64 active listings (Down by 6 homes from July)

25 Residential sales are pending and awaiting close or lender approval (Decreased by 8 homes from last month).

13 Homes Sold in July (Down by 5 homes from July)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida eased off slightly for July while still remaining a strong market. Though the inventory is up slightly from last year, it is still low by historic standards.

The one month absorption rate for the 34994 zip code for August increased to 4.9 months from 3.9 months for July. Still in a 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 August 2014 numbers were 52 Active Listings, 21 pending sales and 9 closed sales. Much the same as happened last year with a decrease in activity from July to August but this year still had better activity than last.

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Stuart Florida Market Report ZIP Code 34994 Residential August 2016

July 2016 Monthly Market Detail St Lucie County Townhouses and Condos

09.05.16 by Gabe Sanders

July 2016 Monthly Market Detail St Lucie County Townhouses and Condos

The July 2016 Monthly Market Detail St Lucie County Townhouses and Condos had slower closed and pending activity when compared to last year. Closed sales were down 22.6% from last year (was up 5.7% in June) while new pending sales decreased by 2.6% (was down by 14.8% in June).

Prices also took a hit for July with the median sales price decreasing by 18.8% (was up by 23.6 in June) while the average sales price decreased by 1.7% (decreased 1.4% in June). I don’t expect prices to decrease very much but, the previous rate of increases were unsustainable.

The inventory of available townhouses and condos decreased by 57 units from last month to 509 units, which is only 7.8% less than July 2015. The current supply of inventory dropped to 5.1 months, which is less than the 5.4 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.

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

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.

July 2016 Monthly Market Detail St Lucie County Townhouses and Condos

July 2016 Monthly Market Detail St Lucie County Single Family Homes

09.04.16 by Gabe Sanders

July 2016 Monthly Market Detail St Lucie County Single Family Homes

July 2016 Monthly Market Detail St Lucie County Single Family Homes showed reduced sales volume as compared to last year much like it’s neighboring counties and the state of Florida. Closed sales were down by 9.0% (in June they were up by 8.9%) and new sales under contract (new pending sales) decreased by 10.0% (they were up by 2.2% last month).

Though, prices continue their upward march at some pretty impressive numbers. The median and average sales prices up by 13.0% and 15.2% respectively from last July (For June these numbers were 12.8% and 19.2%).

Active listings fell by 39 homes to 1,477 homes. This inventory is 2.3% less than last year. The current supply of homes is at 3.3 months (the same as 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.

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

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.

July 2016 Monthly Market Detail St Lucie County Single Family Homes

July 2016 Monthly Market Detail Martin County Townhouses and Condos

09.03.16 by Gabe Sanders

July 2016 Monthly Market Detail Martin County Townhouses and Condos

July 2016 Monthly Market Detail Martin County Townhouses and Condos continues showing some uneven sales volumes. Closed sales were up for this month, increased by 4.7% (was down by 5.0% in June) while new sales under contract (new pending sales) were down by 15.2% from July 2014 (increased by 39.1% in June).

Prices, however continued with strong increase as the median sales price increased by 8.8% (was down by 5.7% in June) while the average sales price increased by 4.1% (was down by 5.4% in June) as compared to July of 2015. This remains a very active segment of the real estate market and I don’t expect any slowdown of price increase until we get considerably greater inventory or fewer sales numbers.

The inventory of available townhouses and condos decreased by 11 units to 370 properties as compared to last month. The second month of reduced inventory. This is 3.4% greater than the July 2015 inventory. Currently, there’s a 3.8 month supply of inventory (an 11.8% increase from last year). Still in a strong 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.

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

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.

July 2016 Monthly Market Detail Martin County Townhouses and Condos

September 2016 Market Update for the Pines and Windemere in Jensen Beach

09.03.16 by Gabe Sanders

September 2016 Market Update for the Pines and Windemere in Jensen Beach

There are currently 6 homes for sale in the Pines and Windemere in Jensen Beach FL. Prices range from a low of $269,000 up to $359,000 for an average list price of $305,050 which is equal to $165.65 per sq. ft. of living area.

4 homes are under contract awaiting settlement. Listing prices range from $285,000 up to $369,000 for an average list price of $333,635 or $185.64 per sq. ft. of living area. These homes averaged 65 days on the market before going under contract.

In the past 12 months 32 homes have sold in the Pines and Windemere. Sales prices ranged from a low of $225,000 up to a high of $460,000 representing an average sales price of $341,666 which equates to $153.88 per sq. ft. of living area. These homes were on the market for an average of 70 days before going under contract and sold for 97% of list price.

Located adjacent to the new Jensen Beach High School, and Felix A. Williams elementary school, among Martin County’s best schools, is only one reason why September 2016 Market Update for the Pines and Windemere in Jensen Beach is so desirable.

Some residents have stated “sending our children to Felix A. Williams is like having a private school in our own back yard.” And as far as Jensen Beach High School: “Our Kids can walk to the new High School”.

In addition to the best schools, The Pines is located just a little over 2 miles from the beautiful unspoiled beaches of Hutchinson Island, a fantastic public golf course (Eagle Marsh) is right next door, a regional park that offers little league and soccer and many family attractions. “we can play golf without the high cost just next door.”

For others, the best shops of the Treasure Coast Mall with a new 13-plex theater are walking distance and grocery stores are located nearby.

World famous fishing is just a ride away. Stuart is known as the “Sailfish capital of the world.”

Adjacent to the Pines, is the smaller community of Windemere and the Preserves. D.R. Horton has recently completed building brand new homes in both the Pines and Windemere subdivisions at some very affordable prices.

Neither the Pines or Windemere offer the amenities of a community pool or clubhouse which keeps the HOA fees quite low at $55.00 and $60.00 a month respectively.

When these developments were planned the original intent was to combine the two for ease of access. However the County decided to nix these plans as they felt that out of area residents would use Windemere Drive as a shortcut between US-1 and Jensen Beach and making a lot of congestion in this community.

For any questions you may have about September 2016 Market Update for the Pines and Windemere in Jensen Beach, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

September 2016 Market Update for the Pines and Windemere in Jensen Beach

July 2016 Monthly Market Detail Martin County Single Family Homes

09.02.16 by Gabe Sanders

July 2016 Monthly Market Detail Martin County Single Family Homes

The July 2016 Monthly Market Detail Martin County Single Family Homes continues to show reduced sales volume when compared to last years figures, yet this is still a very active market. Closed sales were down by 9.5% (was down by 10.0% in June). New pending sales decreased by 22.3% as compared to July of 2015 (Decreased by 17.5% in June).

Both median and average sales prices continue with strong gains. The median sales price was up by 6.1% from last year (up by 15.9% in June) while the average price increased by 13.8% (was up by 9.2% last month). If inventory levels continue to increase and sales volume continues to decrease I expect the rate of price appreciation to decrease.

The inventory of available single family homes decreased from last month by 1 homes to 987 units for July, this is 8.5% greater than last July. Current supply of homes is 4.9 months, for July of last year it was a 4.3 months supply. (This is a 14.0% 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.

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

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.

July 2016 Monthly Market Detail Martin County Single Family Homes

July 2016 Monthly Market Detail Florida Townhouses and Condos

09.01.16 by Gabe Sanders

July 2016 Monthly Market Detail Florida Townhouses and Condos

The July 2016 Monthly Market Detail Florida Townhouses and Condos showed continued weaker activity compared to last year. Closed sales were down by 11.5% as compared to last months decrease of 2.6% and new sales under contract (new pending sales) decreased by 11.3% (In June there was a 7.6% decrease).

Prices have continued to rise, though for July this rate has slowed appreciably. Median sales prices were up by 6.8% (was up by 8.6% in June), while the average sales price increased only by 0.4% (was down 3.1% in June). With the increase in inventory, these price rises will continue to moderate and possibly even decrease slightly.

The inventory increased by 7.6% from July of last year. For July 2016 we have 5.9 months of inventory (was 6.0 months in June) and compared to 5.3 for July 2015. We are currently in a very slight sellers 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.

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:
July 2016 Monthly Market Detail Florida Townhouses and Condos

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.

July 2016 Monthly Market Detail Florida Townhouses and Condos

July 2016 Monthly Market Detail Florida Single Family Homes

08.31.16 by Gabe Sanders

July 2016 Monthly Market Detail Florida Single Family Homes

The July 2016 Monthly Market Detail Florida Single Family Homes had a reduced volume of sales when compared to last July, while prices continue to rise. Closed sales were down by 8.0% (was up by 0.4% in June) and new sales under contract (new pending sales) were down by 9.6% (was down by 7.7% in June).

Both median and average sales prices continue to rise ( July 2015 to July 2016) by 11.6% and 8.0% respectively, compared to June’s 10.8% and 6.8%. If the reduced volume of sales continue, I expect that these price rises will moderate considerably and possibly even retreat by next year at this time.

The inventory of available homes for sale fell by 3.3% from last year. This is another trend that I think may reverse in the near future as more homes may come on the market while fewer sell. For July there was only a 4.3 months supply of inventory as Florida remains in a sellers market with the advantage for sellers. (July of 2015 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.

Click here to view or download the full report:

July 2016 Monthly Market Detail Florida Single Family Homes

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.

July 2016 Monthly Market Detail Florida Single Family Homes

Hobe Sound FL 33455 Condo Market Report July 2016

08.23.16 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report July 2016

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

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

There are currently 3 active condo listings. (Down by 1 condos from June)

6 Condos are pending and awaiting close. (Unchanged in pending condos from June)

3 Condos sold in July. (The same number of closed sales from June)

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 July, 2016 the absorption rate is 1 month (it was 1.3 months in June). 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 July 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 July 2015 numbers were: 3 active listings, 6 pending sales and 1 closed sales. Very similar numbers to last year with better closed sales for 2016..

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Hobe Sound FL 33455 Condo Market Report July 2016

Hobe Sound FL 33455 Residential Market Report July 2016

08.22.16 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report July 2016

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

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

There are currently 192 active listings. (Down by 1 homes from June)

83 Residential sales are pending and awaiting close (Down by 17 homes from June)

46 Homes Sold in July (Down by 8 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues perform strongly though signs of reduced activity are showing up as the inventory increases and pending sales decrease.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 4.2 months (3.6 months in June). Still a sellers market for Hobe Sound residential sales. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for July 2015 were: 163 active listings, 90 pending sales and 55 closed sales. Better activity last year with less inventory to work with. A somewhat slower market for Hobe Sound this year compared with last year.