Martin County Townhouse and Condo Sales 2018 Yearly Review

For the Martin County Townhouse and Condo Sales 2018 Yearly Review showed mixed sales activity when compared to 2017 for this segment of the Martin County real estate market. Year to year closed sales were up by 1.5% as compared to 2017 which were up by 6.7% and new sales under contract (new pending sales) decreased by 2.7% (2017 saw an increase of 1.0%).

Both median and average sales prices were up (year to year) by 6.4% and 6.4% respectively (2017 numbers were 3.3% and 2.4%). A little bit stronger than the increases of last year.

Inventory decreased by 11.4% as compared to 2017’s decrease of 7.3%. And the supply of inventory dropped to 3.5 months as compared to 4.0 months for 2017. Even a stronger seller’s market for Martin County townhouses and condos.

To view the full report click on the graphic above or the link below:
Martin County Townhouse and Condo Sales 2018 Yearly Review

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

Martin County Townhouse and Condo Sales 2018 Yearly Review

Martin County Single Family Home Sales 2018 Yearly Review

03.01.19 by Gabe Sanders

Martin County Single Family Home Sales 2018 Yearly Review

The Martin County Single Family Home Sales 2018 Yearly Review as reported by Florida Realtors showed weaker sales activity when compared to 2017 for the Martin County single-family housing market. Year to year closed sales were down by 2.0% (were up by 2.7% in 2017) and new sales under contract (new pending sales) decreased by 7.1% (was down by 0.3% in 2017).

Both median and average sales prices continued to rise (2017 to 2018) by 5.2% and 3.5% respectively. This rate while positive is not as high as last year which was 8.7% and 9.4% respectively in 2017.

The inventory of available homes for sale increased by 2.2% from 2017. While the supply of homes increased to 4.7 months. Still a seller’s market. Typically a 6-month inventory indicates a balanced market where neither the seller or buyer has an advantage.

To view the full report click on the graphic above or the link below:
Martin County Single Family Home Sales 2018 Yearly Review

To view the complete 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 Home Sales 2018 Yearly Review

Florida Townhouse and Condo Sales 2018 Yearly Review

02.28.19 by Gabe Sanders

Florida Townhouse and Condo Sales 2018 Yearly Review

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

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

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

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

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

Florida Townhouse and Condo Sales 2018 Yearly Review

Cabana Point February 2019 Market Report

02.28.19 by Gabe Sanders

Cabana Point February 2019 Market Report

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

There are no homes currently under contract.

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

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

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

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

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

Check here to see if any Cabana Point homes are available for sale

Stuart FL Real Estate is presented by:
the Gabe Sanders Realty team

Cabana Point February 2019 Market Report

Florida Single Family Home Sales 2018 Yearly Review

02.27.19 by Gabe Sanders

Florida Single Family Home Sales 2018 Yearly Review

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

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

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

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

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

Florida Single Family Home Sales 2018 Yearly Review

Watersong Oceanfront Market Report February 2019

02.27.19 by Gabe Sanders

Watersong Oceanfront Market Report February 2019

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

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

There are no vacant lots currently under contract.

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

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

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

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

About the Watersong Oceanfront Community on Hutchinson Island

Watersong Oceanfront on Hutchinson Island

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

Watersong Oceanfront on Hutchinson Island

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

Watersong Oceanfront on Hutchinson Island

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

Watersong Oceanfront on Hutchinson Island

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

Watersong Oceanfront on Hutchinson Island

Search for Watersong Oceanfront Homes for Sale

Search for Watersong Oceanfront Lots for Sale

Watersong Oceanfront Market Report February 2019

Hobe Sound FL 33455 Condo Market Report January 2019

02.26.19 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report January 2019

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

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

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

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

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

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

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

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

Are you interested in the value of your Hobe Sound FL Condo?
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Hobe Sound Florida Real Estate presented by:
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Hobe Sound FL 33455 Condo Market Report January 2019

Heritage Ridge Market Report for February 2019

02.26.19 by Gabe Sanders

Heritage Ridge Market Report for February 2019

As of February 2019, there are 29 active properties for sale in Heritage Ridge in Hobe Sound, FL. List prices range from $79,000 up to $289,000. This is an average list price of $152,855 which equals $119.17 per sq. ft. of living area.

There are 8 homes under contract. These were listed with prices from $72,000 up to $169,900. This works out to an average list price of $134,938 or $106.43 per sq. ft. of living area. The average days on the market before they went under contract was 66.

In the past 12 months, there have been 114 sales in Heritage Ridge. Sales prices ranged from $45,000 up to $292,500. This equals an average sales price of $113,654 which works out to $97.50 per sq. ft. of living area. These homes were on the market for an average of 48 days before going under contract and sold for an average of 95% of list price.

About Heritage Ridge in Hobe Sound:

The Heritage Ridge community of Hobe Sound encompasses a number of associations and styles of homes. From mobile and manufactured homes to villas, townhouses, condos, and single family homes. The different sections of Heritage Ridge are all anchored by the Heritage Ridge Golf Club. This is a non-equity course that is open to the public.

The various areas of Heritage Ridge are all controlled by their individual homeowners’ associations and many also pay a fee to the master Heritage Ridge Association. This wonderful community is located in northern Hobe Sound with quick access to either the beach at Jupiter Island (in Hobe Sound) or to the downtown area of Stuart as well as the amenities in both the Martin County and Jupiter areas of the Treasure Coast.

Some of the sections of Heritage Ridge include Amherst, Brandywine, Bunker Hill, Cambridge, Franklin Wood, Georgetown, Jamestown, Jefferson Corners, Tory Pines, Williamsburg, and Yorktown.

HOA fees vary widely in Heritage Ridge depending on the type of home and subdivision within this community. The HOA fees run from $78.00 a month in the mobile home and single family home sections up to $350.00 a month for the condo areas and in between for some of the other communities.

Click here to search for available homes in Heritage Ridge

Click here to search for available condos in Heritage Ridge

Hobe Sound real estate is presented for your consideration by Gabe Sanders of Real Estate of Florida.

Heritage Ridge Market Report for February 2019

Hobe Sound FL 33455 Residential Market Report January 2019

02.25.19 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report January 2019

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

For January 2019 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 246 active listings. (Up by 28 homes from December)

63 Residential sales are pending and awaiting close (Up by 13 homes from December)

26 Homes Sold in January (Down by 13 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 showed a drop in closed sales and an increase in pending sales on greater inventory. This segment of the Martin County residential real estate could use some improvement.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 9.5 months (It was 5.6 months in December). Returning into a buyer’s market for Hobe Sound residential real estate after one month as a seller’s market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for January 2018 were: 193 active listings, 74 pending sales, and 37 closed sales. Much better activity last year even though there was less inventory of Hobe Sound homes for sale.

Are you interested in the value of your Hobe Sound FL Home?
Click on this link and fill out the form for an accurate personal evaluation

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 January 2019

Jensen Beach FL 34957 Residential Market Report January 2019

02.21.19 by Gabe Sanders

Jensen Beach FL 34957 Residential Market Report January 2019

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for January 2019

For January 2019 in the 34957 Zip Code area of Jensen Beach, Florida:

There are currently 221 active listings. (Up by 34 home from last month)

54 Residential sales are pending and awaiting close or lender approval. (Increased by 10 homes from December)

26 Homes Sold (Decreased by 9 homes from December)

The Jensen Beach FL 34957 Residential Market showed greater inventory for the first month of the year and an increase in pending sales. Closed sales were down.

The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 rose to 8.5 months ( was 5.3 months in December). Into a buyer’s market for Jensen Beach homes, though not expected to remain there. A 6 to 7-month absorption rate is considered to be a balanced market favoring neither the seller or buyer.

The January 2018 numbers were: 193 active listings, 69 pending sales, and 24 home sales closed. Similar sales volume to last year but not as many pending sales. And all of this with a greater inventory for this year as compared to 2018.

Jensen Beach FL 34957 Residential Market Report January 2019

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Search here for Jensen Beach Real Estate for Sale

Residential Properties

- - Residential Properties for Sale in Jensen-Beach, Florida Between $0 – $500,000
- - Residential Properties for Sale in Jensen-Beach, Florida Between $500,000 – $1,000,000
- - Residential Properties for Sale in Jensen-Beach, Florida Between $1,000,000 – $1,500,000
- Residential Properties for Sale in Jensen-Beach, Florida Between $2,000,000 – $2,500,000

Land Properties

- - Land Properties for Sale in Jensen-Beach, Florida Between $0 – $500,000
- - Land Properties for Sale in Jensen-Beach, Florida Between $500,000 – $1,000,000
- Land Properties for Sale in Jensen-Beach, Florida Between $1,000,000 – $1,500,000

Rental Properties

- Rental Properties for Rent in Jensen-Beach, Florida Between $0 – $500,000

Commercial Properties

- Commercial Properties for Sale in Jensen-Beach, Florida Between $0 – $500,000

Residential Income Properties

Residential Income Properties for Sale in Jensen-Beach, Florida Between $0 – $500,000

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

Jensen Beach FL 34957 Residential Market Report January 2019

Palm City FL 34990 Residential Market Report January 2019

02.19.19 by Gabe Sanders

Palm City FL 34990 Residential Market Report January 2019

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for January 2019

For January 2019 in the 34990 Zip Code area of Palm City Florida :

There are currently 391 active listings (Up by 52 homes from December)

121 Residential sales are pending (Up by 27 homes from last month)

47 Homes Sold in September (Unchanged from December)

The Palm City FL, zip code 34990 residential real estate market had a much needed increase in inventory and pending sales volume. This should result in increased sales numbers in the coming months.

The monthly absorption rate increased to 8.3 months from 6.1 months in December. Into a buyer’s market for the Palm City zip code 34990 area for residential sales for the first time in quite a while of being in a seller’s market. A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The January 2018 numbers were: 416 active listings, 113 pending sales, and 48 closed sales. Slightly better activity on a smaller inventory of available homes for sale this year when compared to 2018.

Are you interested in the value of your Palm City FL home?
Click on this link and fill out the form for an accurate personal evaluation