May 2016 Monthly Market Detail Martin County Single Family Homes

06.27.16 by

May 2016 Monthly Market Detail Martin County Single Family Homes

The May 2016 Monthly Market Detail Martin County Single Family Homes had reduced closed and pending volume when compared to last year.  Closed sales were down by 2.8% (was down by 4.3% in April). New pending sales decreased by 14.7% as compared to May of 2015 (Decreased by 0.3% in April).

Mixed signals with prices as the median sales price was up by 15.8% from last year (up by 6.7% in April) while the average price decreased by 3% (was up by 22.6% last month).  I expect that prices will moderate to a much smaller rate of increase in the coming year.

The inventory of available single family homes increased from last month by 14 homes to 1,054 units for this month,  this is 6.8% greater than last May.  Current supply of homes is 5.1 months, for May of last year it was a 4.9 months supply. (This is a 4.1% increase from last year).  Still a sellers market for Martin County single family home sales.

May 2016 Monthly Market Detail Martin County Single Family Homes

Click here to view or download the full report:
May 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.

May 2016 Monthly Market Detail Martin County Single Family Homes

May 2016 Monthly Market Detail Florida Townhouses and Condos

06.26.16 by

May 2016 Monthly Market Detail Florida Townhouses and Condos

The May 2016 Monthly Market Detail Florida Townhouses and Condos continues to slow it’s pace from the very strong activity of the past three years.  Closed sales were up by 0.1% as compared to last months decrease of 5.3% and new sales under contract (new pending sales) decreased by 4.6% (In April there was a 5.7% decrease).  Even though the inventory has begun to rise from the all time lows of the previous few months, the tremendous rise in prices have made this segment of Florida’s real estate market a bit too pricey for many.

Prices were mixed for may with the median sales price up by 4.4% (was also up by 4.4% in April), while the average sales price decreased by 1.3% (was up 2.9% in April).  If prices continue to stay somewhat stable or even decrease slightly, I expect the volume of sales to increase.

The inventory increased by 7.4% from May of last year.  For May 2016 we have 6.1 months of inventory (was 6.3 months in April) and compared to 5.8 for May 2015.  We are currently in a balanced market for Florida townhouse and condo sales.

May 2016 Monthly Market Detail Florida Townhouses and Condos

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:
May 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.

May 2016 Monthly Market Detail Florida Townhouses and Condos

May 2016 Monthly Market Detail Florida Single Family Homes

06.25.16 by

May 2016 Monthly Market Detail Florida Single Family Homes

The May 2016 Monthly Market Detail Florida Single Family Homes remains quite active, but showing some signs of stress as the inventory remains low and the values continue to rise.  Closed sales were up by 4.5% (was down by 0.6% in April) and new sales under contract (new pending sales) were down by 2.7% (was down by 4.2% in April).

Both median and average sales prices continue to rise ( May 2015 to May 2016) by 10.5% and 4.2% respectively, compared to April’s 9.2% and 3.8%.  Sooner or later these strong price gains will have a negative effect on sales and I expect this rise to slowdown in the near future.

The inventory of available homes for sale fell by 2.5% from last year.  Higher demand areas of Florida have seen decreasing inventory for more than three years now.  For May there was only a 4.4 months supply of inventory as Florida remains in a sellers market with the advantage for sellers. (May of 2015 had a 4.7 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

May 2016 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:

May 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.

May 2016 Monthly Market Detail Florida Single Family Homes

Jensen Beach Home on Double Lot Sold

06.25.16 by

Jensen Beach Home on Double Lot Sold

This spacious 4 Bedroom home in the Rio community of Jensen Beach has been sold.  The sales price was $363,000.

Spacious 4 BR Jensen Beach Home

Beautiful large Key West style home in Jensen Beach. Featuring  bedrooms and 2 full bathrooms in the main section of the home with a mother-in-law apartment located over the garage. This large space is approximately 28 x 32 ft. and could also be used as a game or theater room. This apartment has its own private bath and entrance with stairs and a patio. The spacious master bedroom has trey ceilings, a double walk-in closet, large bath with spa tub and a separate walk-in shower with dual rainfall shower heads, double sinks and double mirrors. The kitchen has granite counters with a breakfast bar. There’s also an additional family/game room with built in shelves. Wrap around porch, 3 car garage on a double lot, with lots of room for parking multiple boats and RVs.

Spacious 4 BR Jensen Beach Home Spacious 4 BR Jensen Beach Home

Spacious 4 BR Jensen Beach Home Spacious 4 BR Jensen Beach Home

For any questions you may have about Spacious 4 BR Jensen Beach Home, please call the Gabe Sanders BlueWater real estate team at 772-323-6996 or Contact Us Here

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Jensen Beach Home on Double Lot Sold

 

Hobe Sound FL 33455 Condo Market Report May 2016

06.23.16 by

Hobe Sound FL 33455 Condo Market Report May 2016

 

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

 

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

 

There are currently 5 active condo listings. (No change in active condos from April)

Hobe Sound FL 33455 Condo Market Report May 2016

7 Condos are pending and awaiting close. (Up by 1 condos from April)

Hobe Sound FL 33455 Condo Market Report May 2016

No Condos sold in May. (Down by 4 from last month)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  We are down to only 5 available condos for sale in all of Hobe Sound which is not much for buyers to choose from.  Pending sales are strong, but there were no closed sales in May.

There were no sales in Hobe Sound condos for May, but for April the absorption rate was 1.3 months.  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 may 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 May 2015 numbers were: 8 active listings, 4 pending sales and 1 closed sales.  Pending sales are the only statistic that is doing better this year than last.

Search Hobe Sound Condominium Properties by Price

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Hobe Sound FL 33455 Condo Market Report May 2016

 

Hobe Sound FL 33455 Residential Market Report May 2016

06.22.16 by

Hobe Sound FL 33455 Residential Market Report May 2016

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

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

There are currently 213 active listings. (Down by 4 homes from April)

Hobe Sound FL 33455 Residential Market Report May 2016

90 Residential sales are pending and awaiting close  (Down by 9 homes from April)

Hobe Sound FL 33455 Residential Market Report May 2016

52 Homes Sold in May (Down by 2 homes from last month)

Hobe Sound FL 33455 Residential Market Report May 2016

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues to be a strong market even as sales and pending sales were slightly down from the previous month.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 inched up to 4.1 months (4.0 months in April).  The third month in a row of being in a sellers market after two months of a balanced one.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for May 2015 were:  180 active listings, 113 pending sales and 65 closed sales.  Market activity was better last year even with a reduce inventory, though this is still an active market.

Hobe Sound FL 33455 Residential Market Report May 2016

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Hobe Sound FL 33455 Residential Market Report May 2016

Conquistador Condo Building 4 Suite 308 Under Contract

06.21.16 by

Conquistador Condo Building 4 Suite 308 Under Contract

And, yet another Conquistador Condo is under contract and awaiting closing with buyers courtesy of the Gabe Sanders Stuart Real Estate Team.  This condo was offered for sale for $129,900.

Conquistador Condo in Stuart FL

Exceptionally well maintained condo in a vibrant 55+ community with multiple pools, active clubhouse and a 2 acre waterfront plaza on the banks of the Saint Lucie River with a fishing pier and day dock.  For golfers, the 36 hole Martin County municipal golf course is right next door.

Conquistador Condo in Stuart FL Conquistador Condo in Stuart FL

An updated 2 BR, 2 BA home with granite counters and resilient flooring.  Third floor (top floor) in an elevator building with lovely courtyard and pool views. Washer and dryer in the unit.  Wood flooring and updated appliances. Close to historical downtown Stuart, restaurants, shopping, boating and our beaches.

Conquistador Condo in Stuart FL

About Conquistador Condos and Homes:

Conquistador is the prime senior location in Stuart Florida.  Conquistador Condo Building 4 Suite 308 Under Contact are located on the shores of the wide Saint Lucie River and only minutes from the beaches of the Atlantic Ocean as well as being right next door to the Martin County Municipal Golf Course with easy access to shopping, restaurants, medical facilities.

 Conquistador is a mix of single family homes (the estates section) and 3 story condominiums.  The condominiums have access to their own pool areas as well as barbecue areas or the main club house pool.

This is a very active senior community with an active clubhouse with fitness room, main ballroom, reading library and activities throughout the year.  Conquistador is not just a seasonal residence as many owners enjoy the benefits of year round living in fabulous Martin County with all the amenities that this jewel of the Treasure Coast has to offer.

Search for available Condos in Conquistador

 For any questions you may have about Conquistador Homes and Condos in Stuart, Florida, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Stuart Florida Real Estate

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Conquistador Condo Building 4 Suite 308 Under Contract

Jensen Beach FL 34957 Residential Market Report May 2016

06.20.16 by

Jensen Beach FL 34957 Residential Market Report May 2016

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

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

 There are currently 116 active listings. (Up by 3 homes from last month)

Jensen Beach FL 34957 Residential Market Report May 2016

67 Residential sales are pending and awaiting close or lender approval. (Decreased by 5 homes from March)

Jensen Beach FL 34957 Residential Market Report May 2016

37 Homes Sold (No change in home sales from March)

Jensen Beach FL 34957 Residential Market Report May 2016

The Jensen Beach FL 34957 Residential Market continues to perform well.  It’s good to see an increase in inventory for this month, even if it’s only three homes.  Closed sales volume was unchanged from last month while there was a small decrease in pending sales.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 remained unchanged at 3.1 months (also was 3.1 months in March).  Still an extreme sellers market for Jensen Beach.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The May 2015 numbers were: 135 active listings, 92 pending sales and 31 home sales closed.   Higher closed sales volume this year with lower inventory, though pending sales were much better last year.
Jensen Beach FL 34957 Residential Market Report May 2016

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Jensen Beach FL 34957 Residential Market Report May 2016

Palm City FL 34990 Residential Market Report May 2016

06.18.16 by

Palm City FL 34990 Residential Market Report May 2016

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

 

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

 

There are currently 377 active listings (Increased by 12 homes from April)

Palm City FL 34990 Residential Market Report May 2016

 162 Residential sales are pending and awaiting close or lender approval. (Down by 13 homes from last month)

Palm City FL 34990 Residential Market Report May 2016

84 Homes Sold in April (No change in sold homes from April)

Palm City FL 34990 Residential Market Report May 2016

The Palm City FL, zip code 34990 residential real estate market activity continues to be quite active.  Good to see the inventory increase, even if it’s only by two homes.  Unfortunately, pending sales were off compared to last months activity.
The monthly absorption rate decreased to to 4.5 months from 4.7 months in April.  Continuing as a sellers 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 May 2015 numbers were:  361 active listings, 204 pending sales and 100 closed sales.  Considerably better activity last year for the Palm City residential real estate market.

Palm City FL 34990 Residential Market Report May 2016

 Search here for Palm City Florida Real Estate for Sale

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Palm City FL 34990 Residential Market Report May 2016

June 2016 Market Report for The Soundings Yacht and Tennis Club

06.13.16 by

June 2016 Market Report for The Soundings Yacht and Tennis Club

For June 2016 there are currently 4 active listings in the Soundings Yacht and Tennis Club in Hobe Sound, FL.  List prices range from $380,000 to $899,000 with an average list price of $545,075 which equals  $212.18 per square foot of living area.  As of June 12, these homes have been on the market for an average of 93 days.

There is one home under contract which has not sold to date.  The list price was $289,500 or $196.14 per sq. ft. and this home was on the market for 196 days before going under contract.

In the past 12 months, 8 homes have sold in the Soundings.  Sales prices ranged from a low of $315,000 to a high of $725,000 for an average sales price of $524,478 or $228.62 per sq. ft. of living area. The average days on market was 50 days and sales averaged at 97% of listing price.

The Soundings in Hobe Sound FL

Conveniently located only minutes from beautiful Jupiter Island Beach, June 2016 Market Report The Soundings Yacht and Tennis Club, Florida is an active planned community bordering both sides of Gomez Avenue in Hobe Sound.  There are a total of 153 home sites in the Soundings with only 2 vacant lots unbuilt at last count.

The Soundings in Hobe Sound FLOn the East side of Gomez, the Soundings homes are mostly waterfront with deep water docks accessing the Intracoastal waterway.  A small marina with additional docks deeded to a few select homes that do not have waterfront locations.  In addition, there is a boat ramp as well as trailer storage for those wishing to keep their boats in dry storage.  In addition, there’s a large community pool, tennis courts, and an active fully equipped clubhouse.The Soundings in Hobe Sound FL

Homes in the Soundings Yacht and Tennis Club range from spacious estate homes with Intracoastal views to smaller cottages that are perfect for the occasional seasonal resident or those not requiring large homes but want easy access to the water.

The Soundings in Hobe Sound FLMore information about the Soundings Yacht and Tennis Club can be found on their community website.

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June 2016 Market Report The Soundings Yacht and Tennis Club

Stuart Florida Market Report ZIP Code 34994 Residential May 2016

06.12.16 by

Stuart Florida Market Report ZIP Code 34994 Residential May 2016

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

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

There are currently 62 active listings (Down by 3 homes from April)

Stuart Florida Market Report ZIP Code 34994 Residential May 2016

43 Residential sales are pending and awaiting close or lender approval (Decreased by 6 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential May 2016

18 Homes Sold in April (Up by 8 homes from April)

Stuart Florida Market Report ZIP Code 34994 Residential May 2016

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had excellent activity for may with very strong future activity (pending sales) and also a nice increase in closed sales.  Though, the reduced inventory is a potential problem.

The one month absorption rate for the 34994 zip code for May dropped down to 3.4 months from 6.5 months for April.  Back into a serious 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 May 2014 numbers were 72 Active Listings, 31 pending sales and 13 closed sales.   Considerably better activity this year even with the reduced inventory.

Stuart Florida Market Report ZIP Code 34994 Residential May 2016

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Stuart Florida Market Report ZIP Code 34994 Residential May 2016

Vista del Lago June 2016 Market Report

06.09.16 by

Vista del Lago June 2016 Market Report

As of June 2016, there are 7 active listings in Vista del Lago. The list prices range from $44,900 to $76,900 for an average list price of $70,143 which equates to $76.24 per sq. ft. of living area.  As of June 9 2016, these condos have been on the market for an average of 95 days.

There are currently 3 condos under contract which have not closed yet.  List prices were from $47,900 to $74,900 for an average list price of $57,233 which equals $72.83 per sq. ft. of living area.  These condos averaged 36 days on market before going under contract.

23 condos have sold in the past 12 months. Sales prices were from $27,000 to $86,000 with the average sales price being $54,061. This equals $62.25 pr sq. ft. of living area. The average days on market was 63 and these condos sold on average at 93% of list price.

 Vista del Lago in Stuart FL

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 in Stuart FL Vista del Lago in Stuart FL

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.

Vista del Lago in Stuart FL Vista del Lago in Stuart FL

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 June 2016 were from the low $200’s for a 1 Bedroom unit to just under $300 per month for 2 Bedroom condos.

Search here for:

Vista del Lago Homes for Sale

Vista del Lago June 2016 Market Report

Downtown Stuart Condo – Royal Oak Towers – Under Contract

06.08.16 by

Downtown Stuart Condo – Royal Oak Towers – Under Contract

Royal Oak Towers in Stuart FL

Another Royal Oak Towers condo in Stuart FL has been placed under contract by the BlueWater Realty Team.  This condo was listed for $129,000.

Royal Oak Towers in Stuart FL Royal Oak Towers in Stuart FL

Ground floor unit near downtown. Walk to restaurants, the Lyric and shops. 2 bedroom, 2 bath over looking the fountain. Laminate wood floors in living room, tile in bedrooms. Kitchen has Corian counter, breakfast bar and pantry. Hurricane windows recently installed. Lots of natural light. Screened in patio. Back door opens to small grass area and walk way to pool. Unit has 1 covered parking spot. Only minutes to the beach.

Royal Oak Towers in Stuart FL Royal Oak Towers in Stuart FL

Royal Oak Towers in Stuart FL Royal Oak Towers in Stuart FL

Search for Royal Oak Towers Condos for Sale

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More information about Stuart Florida Real Estate can be found on the Gabe Sanders BlueWater Realty team’s web site.

Downtown Stuart Condo – Royal Oak Towers – Under Contract

 

 

Sea Winds Condos June 2016 Market Report

06.02.16 by

Sea Winds Condos June 2016 Market Report

For June 2016 there are three condos available for sale in Sea Winds in Jensen Beach on Hutchinson Island.  List prices range from a low of $229,900 to a high of $309,000 for an average list price of $269,300 which equals $194.34 per sq. ft. of living area.  These condos have been on the market for an average of 86 days.

There is only 1 condo under contract.  This condo was listed for $310,000 or $225.95 per sq. ft. of living area and was on the market for 163 days before going under contract.

In the past year, four condos have sold in Sea Winds.  Sales prices ranged from $207,500 up to $270,000 for an average sales price of $241,875 which is $202.07 per sq. ft. of living area.  These four condos averaged 53 days on the market before going under contract and sold for an average of 96% of the last listed price.

About Sea Winds Condos:

Sea Winds Condos in Jensen Beach FL

The Sea Winds Condos of Jensen Beach on Hutchinson Island is a one of a kind 12 story building with 8 condos per floor for a total of 96, 2 bedroom, 2 bathroom residences that were originally built in 1983.  There are two end units for each side of the building with larger square footage and wrap around balconies with some magnificent views.  These units have a spacious 1,414 or 1,397 sq. feet of living area enclosed plus the additional balcony space.  The remaining four interior condos per floor feature 1,197 sq. ft. of living areas plus the balcony.

Sea Winds Condos in Jensen Beach FL Sea Winds Condos in Jensen Beach FL

The residents of Sea Winds enjoy private beach access, a heated pool and clubhouse with a large common area and kitchen, as well as a tennis court, vehicle wash area, BBQ area and additional storage.  Residents are allowed two pets not exceeding 15 lbs. each.   Rentals are also permitted with a minimum 3 month duration.

Sea Winds Condos in Jensen Beach FL

The condo association fees were $1,190 per quarter as of May 2016, making Sea Winds one of the most affordable on Hutchinson Island in Jensen Beach.  Sea Winds units don’t come on the market often as this is a highly desirable building.

Search here to see if any Sea Winds condos are available for Sale

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

Sea Winds Condos June 2016 Market Report

Upgraded Conquistador Condo – Great New Price

06.01.16 by

Upgraded Conquistador Condo – Great New Price

Totally re-done Conquistador 2 Bedroom, 2 Bathroom condo in Stuart FL and on the shores of the Saint Lucie River.  Now only $152,000.  Building 11, Suite 305.

Exceptionally well maintained condo in a vibrant 55+ community with multiple pools, active clubhouse and a 2 acre waterfront plaza on the banks of the Saint Lucie River with a fishing pier and day dock.  For golfers, the 36 hole Martin County municipal golf course is right next door.

Conquistador Condo real estate in Stuart FL Conquistador Condo real estate in Stuart FL

Beautiful upgraded condo in Conquistador. Pet friendly building. Kitchen has been extended with breakfast bar, stove top range, stainless steel appliances, wood floors, wood plank ceiling, open floor plan, patio floor has been raised to be even with living room floor for added living space, lots of natural, third floor with building elevator, lobby is locked and secured, clubhouse with large pool and tennis. Conquistador has a day dock and seating on the dock to watch the boats so by.

Conquistador Condo real estate in Stuart FL Conquistador Condo real estate in Stuart FL

Conquistador is the prime senior location in Stuart Florida.  Upgraded Conquistador Condo – Great New Price are located on the shores of the wide Saint Lucie River and only minutes from the beaches of the Atlantic Ocean as well as being right next door to the Martin County Municipal Golf Course with easy access to shopping, restaurants, medical facilities.

Conquistador is a mix of single family homes (the estates section) and 3 story condominiums.  The condominiums have access to their own pool areas as well as barbecue areas or the main club house pool.

This is a very active senior community with an active clubhouse with fitness room, main ballroom, reading library and activities throughout the year.  Conquistador is not just a seasonal residence as many owners enjoy the benefits of year round living in fabulous Martin County with all the amenities that this jewel of the Treasure Coast has to offer.

Search for available Condos in Conquistador

 For any questions you may have about Conquistador Homes and Condos in Stuart, Florida, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Stuart Florida Real Estate

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Upgraded Conquistador Condo – Great New Price

Memorial Day – May 30, 2016

05.30.16 by
Memorial Day – May 30, 2016
Picture of House On Memorial Day the flag is raised briskly to the top of the staff and then solemnly lowered to the half-staff position, where it remains only until noon. It is then raised to full-staff for the remainder of the day.

The half-staff position remembers the more than one million men and women who gave their lives in service of their country. At noon their memory is raised by the living, who resolve not to let their sacrifice be in vain, but to rise up in their stead and continue the fight for liberty and justice for all.

Thinking of you on Memorial Day

“And so, my fellow Americans, ask not what your country can do for you; ask what you can do for your country.”

— John F. Kennedy
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April 2016 Monthly Market Detail St Lucie County Townhouses and Condos

05.29.16 by

April 2016 Monthly Market Detail St Lucie County Townhouses and Condos

The April 2016 Monthly Market Detail St Lucie County Townhouses and Condos had a small increase in closed sales volume as compared to last year but a decrease in new pending sales.  Closed sales were up 2.9% from last year (was down 23.1% in March) while new pending sales decreased by 8.5% (was down by 7.5% in March).

The median sales price increased by 10.0% (was up by 9.2% in March) while the average sales price was up by 4.7% (decreased 2.8% in March).  This segment of the St Lucie real estate market has seen some price reductions in previous months.  Now, it’s back on the upward trend.

The inventory of available townhouses and condos decreased by 13 units from last month to 642 units, which is 8.1% greater than April 2015. The current supply of inventory dropped by a tenth of one percent to  6.5 months, which is 14.0% greater than last year.  The St Lucie County townhouses and condos market remains in basically a balanced market and leaning towards going into a buyers market. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

April 2016 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
April 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.

April 2016 Monthly Market Detail St Lucie County Townhouses and Condos

April 2016 Monthly Market Detail St Lucie County Single Family Homes

05.28.16 by

April 2016 Monthly Market Detail St Lucie County Single Family Homes

April 2016 Monthly Market Detail St Lucie County Single Family Homes continues to show a slightly weaker volume in closed sales and increased pending sales activity from last year.  Yet, this is still a very strong market.  Closed sales were down by 3.0% (in March they were up by 0.2%) and new sales under contract (new pending sales) increased by 7.6% (they were down by 4.7% last month).

And the prices continue their upward march.  Both the median and average sales prices up by 12.9% and 15.5% respectively from last April (For March these numbers were 19.4% and 16.2%).

Active listings fell by 103 homes to 1,719 homes.  This inventory is 11.2% greater than last year.  The current supply of homes is at 3.9 months (an 18.2% increase from last year). The St Lucie County single family home market remains in a strong sellers market, though not quite as super-heated as last year.

April 2016 Monthly Market Detail St Lucie County Single Family Homes

Click here to view or download the full report:
April 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.

April 2016 Monthly Market Detail St Lucie County Single Family Homes

April 2016 Monthly Market Detail Martin County Townhouses and Condos

05.27.16 by

April 2016 Monthly Market Detail Martin County Townhouses and Condos

April 2016 Monthly Market Detail Martin County Townhouses and Condos  had a small increase in closed sales, though future pending sales are lower.  Closed sales were up by 3.9% (was down by 11.2% in March) and new sales under contract (new pending sales) were down by 8.4% from April 2014 (decreased by 5.9% in March).

The median sales price was up by 19.1% (was up by 26.6% in March) while the average sales price increased by 28.9% (was up by 40.3% in March) as compared to April of 2015.  These are very impressive price gains and I just don’t know how long this can continue before it prices more buyers out of the Martin County real estate market

The inventory of available townhouses and condos increased by 12 units to 410 properties as compared to last month.  The first increase in two months. This is 2.4% below the April 2015 inventory.  Currently, there’s a 4.2 month supply of inventory (a 5.0% decrease from last year).  Still in a strong sellers market for townhouses and condos for Martin County.

April 2016 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
April 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.

April 2016 Monthly Market Detail Martin County Townhouses and Condos

April 2016 Monthly Market Detail Martin County Single Family Homes

05.26.16 by

April 2016 Monthly Market Detail Martin County Single Family Homes

The April 2016 Monthly Market Detail Martin County Single Family Homes showed lower closed sales from last years numbers and a continued decrease in inventory.  Year to year closed sales were down by 4.3% (was up 3.4% in March). New pending sales decreased by 0.3% as compared to April of 2015 (Decreased by 0.8% in March).

And prices continue to rise as the median sales price was up by 6.7% from last year (up by 17.1% in March) while the average price increased by 22.6% (was up by 15.3% last month).  Price increases of this magnitude are probably unsustainable and I don’t anticipate them going up like this for much longer.

The inventory of available single family homes decreased from last month by 60 homes to 1,040 units for this month,  this is 1.5% less than last April.  Current supply of homes is 5.1 months, for April of last year it was a 5.3 months supply. (This is a 3.8% decrease from last year).  Still a sellers market for Martin County single family home sales.

April 2016 Monthly Market Detail Martin County Single Family Homes

Click here to view or download the full report:
April 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.

April 2016 Monthly Market Detail Martin County Single Family Homes