Palm City FL 34990 Residential Market Report July 2016

08.18.16 by

Palm City FL 34990 Residential Market Report July 2016

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

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

 

There are currently 383 active listings (Increased by 21 homes from June)

Palm City FL 34990 Residential Market Report July 2016

 120 Residential sales are pending and awaiting close or lender approval. (Down by 48 homes from last month)

Palm City FL 34990 Residential Market Report July 2016

83 Homes Sold in June (Up by 7 homes from June)

Palm City FL 34990 Residential Market Report July 2016

The Palm City FL, zip code 34990 residential real estate market activity continues to be very strong.  Troubling for July is the sharp drop of pending sales which may indicate reduced sales volume for the near future.
The monthly absorption rate decreased slightly to to 4.6 months from 4.8 months in June.  Still in a strong 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 July 2015 numbers were:  363 active listings, 162 pending sales and 71 closed sales.  We have just surpassed last year’s inventory numbers and have slightly better closed sale numbers, unfortunately not so strong with the pending sales.

Palm City FL 34990 Residential Market Report July 2016

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Palm City FL 34990 Residential Market Report July 2016

Stuart FL 34997 Condo Market Report July 2016

08.17.16 by

Stuart FL 34997 Condo Market Report July 2016

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for July 2016

For July 2016 in the 34997 Zip Code area of Stuart, Florida :

There are currently 73 active condo listings (Down by 1 condos from June).

Stuart FL 34997 Condo Market Report July 2016

25 Condo sales are pending and awaiting close or lender approval (Down by 2 condos from June).

Stuart FL 34997 Condo Market Report July 2016

10 Condos Sold in July (Decreased by 14 condos from June).

Stuart FL 34997 Condo Market Report July 2016

     The Stuart FL condo market for zip code 34997 moderated as we enter into the summer season.  This should only be a temporary seasonal fluctuation.
     The absorption rate jumped to 7.3 months in July from 3.1 months for June.  Back into a buyers’ market for the 34997 zip code area of Stuart condos. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.
 The July 2015 numbers were: 38 active listings, 12 pending sales and 10 closed sales.  Considerably greater inventory this year yet only similar sales figures.

Stuart FL 34997 Condo Market Report July 2016

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for July 2016

Holly Creek August 2016 Market Update

08.17.16 by

Holly Creek August 2016 Market Update

There is only 1 home for sale in Holly Creek.  This chalet model is listed for $189,000 which equates to $113.58 per sq. ft. of living area.
There is also only 1 home pending in Holly Creek.  This home was listed for $209,000 or $125.60 per sq. ft. of living area.  This home was on the market for 152 days before accepting the current offer.
In the past 12 months, 12 homes and townhomes have sold in Holly Creek.  Sales prices ranged from $127,500 to $239,000 for an average sale price of $163,583 which equates to $117.99 per sq. ft. of living area.  These homes averaged 52 days on the market before going pending and sold at an average of 95% of listed price.
This is one of the hidden jewels in Martin County and Jensen Beach. Holly Creek is a small and affordable subdivision located off of Jensen Beach Blvd. Just 2 miles from the Indian River (Intracoastal Waterway) and across the Jensen Beach Causeway to access the pristine waters and beaches of the Atlantic Ocean. Only two miles to the Treasure Coast Mall and surrounding areas for shopping, and just a short bike ride from schools, restaurants, parks and downtown Jensen Beach; Holly Creek is one of the best locations on the Treasure Coast Low fees include professional landscaping.This home features lots of room with 2 BR, 2.5 Bath and 1 car garage with additional parking. Both bedrooms feature individual baths. New AC and the refrigerator has a water filter system. Private lanai and lushly landscaped grounds. This is a perfect starter home or a wonderful Florida vacation home during the cold northern winters. This home is in move in condition and ready for immediate occupancy. This home can qualify for the first time home buyers tax credit.

A large heated pool and two professional tennis courts adjoin the spacious clubhouse that has party and banquet facilities available for residents to use.

Numerous small lakes and lush landscaping make Holly Creek a desirable place to call home or a possible vacation retreat from those cold northern winters.

Holly Creek features 2 bedroom townhomes, 3 bedroom villas, 3 bedroom chalet homes all with a single car garage and additional parking. There are also a limited number of estate homes in the rear of Holly Creek which have 2 car garages, larger floor plans and individual designs.

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Holly Creek August 2016 Market Update

Stuart FL 34997 Residential Market Report July 2016

08.16.16 by

Stuart FL 34997 Residential Market Report July 2016

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for July 2016

There are currently 299 active listings (No change from June).

Stuart FL 34997 Residential Market Report July 2016

159 Residential sales are pending and awaiting close or lender approval (Down by 24 homes from June).

Stuart FL 34997 Residential Market Report July 2016

86 Homes Sold in July (Decreased by 39 homes from June)

Stuart FL 34997 Residential Market Report July 2016

      The Stuart Florida Residential Market for ZIP Code 34997 is the largest segment of the Stuart FL residential real estate market.  This segment of the Stuart residential real estate market remains quite active though it eased just a bit from the past few month’s super-heated activity.  Which is to be expected in the summer months.
     The absorption rate increased to 3.5 months (was 2.4 months for June).  Still a strong sellers’ market for the 34997 zip code area of Stuart FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2015 numbers for July, were: 232 active listings, 190 pending listings and 83 closed sales.  When considering the greater available inventory for this year, the volume of closed and pending sales were greater last year.
Stuart FL 34997 Residential Market Report July 2016

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Stuart FL 34997 Residential Market Report July 2016

29th Annual Stuart Florida Dancin’ In The Streets!

08.16.16 by

29th Annual Stuart Florida Dancin’ In The Streets!

Dancin' in the Streets 2016

The 29th Annual Stuart Florida Dancin’ In The Streets! gets under way on Saturday, August 20th in historic downtown Stuart beginning at 3 p.m.    Presented by  Stuart Main Street whose mission is to promote the historic downtown area of Stuart, Florida.

There will be plenty of excitement with music of all genres, along with all the food, beer, wine and spirits one could want.  Admission is $20.00 (with advance tickets at $15.00)

The Outlaws at The Lyric Theatre

10kHrs
Bryce Allyn Band
Cassidy Diana
Deal James & Summer Gill
The Humdingers
JessLee with her Rock’n Country Band
Chris King
Ladies of Soul
Morning Fatty
Moska Project
Nouveaux Honkies
Ben Prestage
Public Sounds Collective
Relapse Band
Nashville recording artist Raquel Renner and the Ramblers
Ryan & Friends
The Sierra Band
Sister Baby
Smoking Section
Tony Solomon and Fullhouse Entertainment present local amateurs and up-and-comers
String Assassins

And here’s the map for parking:

parkingmap-2016

Dancin’ in the streets is sponsored by the Stu­art Main Street organization which is a 501-3 not-for-profit orga­ni­za­tion ded­i­cated to improv­ing the appear­ance and eco­nomic sta­bil­ity of His­toric Down­town Stuart.Their mis­sion is to cre­ate and mar­ket a pos­i­tive image of His­toric Down­town Stu­art through spe­cial events, retail sales, effec­tive adver­tis­ing and pub­lic rela­tions. They often part­ner with pub­lic, pri­vate sec­tor and com­mu­nity lead­ers to develop and coor­di­nate resources to down­town Stuart’s success.

Stuart Main Street is part of the Florida Main Street pro­gram, which is admin­is­tered by the National Main Street Cen­ter of the National Trust for His­toric Preser­va­tion. Florida Main Street’s mis­sion is to pro­vide the tools to Florida Main Street cities to revi­tal­ize their his­toric down­town cen­ters. They use the “Main Street 4-Point Approach,” as a blue­print to work with com­mu­nity lead­ers to bring about many small but pos­i­tive improve­ments. This approach includes pro­mo­tion, design, eco­nomic restruc­tur­ing and organization

Stuart FL 34996 Condo Market Report July 2016

08.15.16 by

Stuart FL 34996 Condo Market Report July 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for July 2016

For July 2016 in the 34996 Zip Code area of Stuart, Florida :

There are currently 120 active condo listings (Up by 46 condos last month).

Stuart FL 34996 Condo Market Report July 2016

33 Condo sales are pending and awaiting close or lender approval (Increased by 6 condos from June).

Stuart FL 34996 Condo Market Report July 2016

16 Condos Sold in July (Decreased by 5 condos from June) 

Stuart FL 34996 Condo Market Report July 2016

The Stuart FL 34996 Condo Market of Stuart regained the lost inventory from last month while showing a little weakness in closed sales.  This is not uncommon for the summer months for Florida condo sales.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 7.5 months from June’s 3.5 months.  Into a slight sellers’ market for July.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for July 2015 were: 92 active listings, 42 pending sales and 16 closed sales.  An equal number of closed sales from last year though we have less pending sales on a larger inventory of condos for this year..

Stuart FL 34996 Condo Market Report July 2016

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Stuart FL 34996 Condo Market Report July 2016

Danforth in Palm City August 2016 Market Report

08.15.16 by

Danforth in Palm City August 2016 Market Report

As of August, 2016:

There are currently 2 active listings for sale in Danforth.  The list prices for these Danforth homes are $479,000 and $489,000 for an average list price of $484,000 or $177.10 per sq. ft. of living area.

3 homes are currently under contract.  The list prices of these pending sales range from $349,900 to  $449,900 with the average being $403,233 which equates to an average price per sq. ft. of living area of $153.90.  These 3 homes averaged 62 day on the market before going under contract.

In the past 12 months 18 homes have sold in Danforth.  The sales prices ranged from $340,000 to $431,000.  The average sales price was $382,989 or $158.59 per sq. ft. of living area.  These sold listings averaged 49 days on the market before going under contract and sold at 98% of the list price.

Danforth in Palm City Florida is wonderful family subdivision with 335 homes of all sizes and shapes with a wonderful family friendly neighborhood feel.  Well located in palm City off SW Martin Highway and within walking distance of both the Palm City Elementary and Hidden Oaks Middle Schools.  Both of these schools are top rated in the Martin County school system as well as in the State of Florida.

Many homes are lakefront with beautiful views and a wonderful private feeling, yet this community is within a mile of the new Publix and also close to restaurants and medical facilities.  Easy access to downtown Stuart as well via the new Veteran’s Memorial Bridge from Palm City to Stuart.  Also just a couple of minutes to Florida’s Turnpike for those wishing to either commute or to make a short trip to West Palm Beach or other points just North or South.

Danforth features low HOA fees of $328.00 per quarter (as of July 2016).  Construction in Danforth was first completed in 1990 with most homes dated from then to the late 1990’s and at least one home completed in 2001.  This planned unit development (PUD) was developed by Danforth Development Inc. and various builders took part in the construction of the homes.  Here is the Danforth Home Owners Association web site.  Danforth just added an remote code controlled entry gate system in 2014.

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Danforth in Palm City August 2016 Market Report

Stuart FL 34996 Residential Market Report July 2016

08.14.16 by

Stuart FL 34996 Residential Market Report July 2016

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for July 2016

For July 2016 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 151 active listings (Down by 7 homes from June).

Stuart FL 34996 Residential Market Report July 2016

27 Residential sales are pending and awaiting close or lender approval (Down by 16 homes from June).

Stuart FL 34996 Residential Market Report July 2016

24 Homes Sold in July (Decreased by 2 homes from June).

Stuart FL 34996 Residential Market Report July 2016

The 34996 zip code area of the Stuart Florida residential real estate market continues to be a strong market.  Just a bit weaker than last month, but still slid and an improvement from last year.

The one month absorption rate for the 34996 zip code area of Stuart Florida for July increased to 6.3 months as compared to June’s 6.1 months.  Still basically a balanced market for the 34996 zip code area of Stuart FL.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for July of 2015 were: 135 active listings, 34 pending sales and 11 closed sales.  We have a greater inventory this year along with increased market activity.

Stuart FL 34996 Residential Market Report July 2016

 Search here for real estate in the 34996 Zip Code of Stuart FL

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Stuart FL 34996 Residential Market Report July 2016

The Yacht and Country Club of Stuart August 2016 Market Report

08.14.16 by

The Yacht and Country Club of Stuart August 2016 Market Report

August 2016 Market Update:

There are 13 homes currently for sale in the Yacht and Country Club of Stuart.  Listing prices are from $230,000 to $1,500,000 for an average list price of $623,523 which works out to $220.12 per sq. ft. of living area.

There are currently 4 homes under contract ranging in list price from $309,900 to $380,000.  The average list price of these pending sales is $347,225 or $168.10 per sq. ft. of living area.  These homes averaged 113 days on market before going under contract.

35 homes have sold in the past 12 months.  Ranging in sales price from $159,900 to $1,100,000.  The average sales price was $392,120 which comes out to $159.91 per sq. ft. of living area.  These homes sold on average in 66 days with sales prices at 95% of list price.

 
The Yacht and Country Club of Stuart, Florida Golf Course

One of the first gated golf communities in Martin County, the , Florida remains among the preeminent communities on Florida’s Treasure Coast for both the golf and yachting enthusiast.  This fine gate guarded community boasts water front homes that are only minutes from the Saint Lucie inlet and the Atlantic Ocean.  Easy access for day trips to the Bahamas and back and a true fisherman’s paradise.

The Yacht and Country Club of Stuart, Florida Clubhouse

The ‘Stuart’ golf course at the Yacht  & Country Club of Stuart, Florida features a professional 18 hole course with 6,466 yards of golf from the longest tees for a par of 71 . The course rating is 71.2 and it has a slope rating of 125 on Bermuda grass. Driving range and putting greens are also provided at this club.

The Yacht and Country Club of Stuart, Florida Canal

The clubhouse at the Yacht and Country Club of Stuart offers a professionally appointed fitness center with a a resident massage therapist.  Tennis is provided by ix lighted Har-tru tennis courts and also residents are provided with two lighted croquet lawns.

The Yacht and Country Club of Stuart, Florida Homes

There is a heated swimming pool open daily and water aerobics is offered on a weekly basis. The Yacht and Country Club of Stuart has a formal Dining Room that has earned itself a reputation as one of Stuart’s finest dining establishments. Also offered is the “Grill Room” for those who would like to enjoy a more casual dining experience.

The Yacht and Country Club of Stuart, Florida Homes

Truly a wonderful place to call home.

Search here for available homes in the Yacht and Country Club of Stuart, Florida
Yacht and Country Club of Stuart, Florida - Homes for Sale

The Yacht and Country Club of Stuart August 2016 Market Report

Stuart FL 34994 Condo Market Report July 2016

08.13.16 by

Stuart FL 34994 Condo Market Report July 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for July 2016

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

There are currently 74 active condo listings (Down by 2 condos from June).

Stuart FL 34994 Condo Market Report July 2016

29 Condo sales are pending and awaiting close or lender approval. (Decreased by 1 condos from last month) 

Stuart FL 34994 Condo Market Report July 2016

10 Condos Sold in July (Down by 17 condos from June).

Stuart FL 34994 Condo Market Report July 2016

The Stuart FL 34994 Condo market entered the summer doldrums for the month for July of 2016.  Closed sales were down significantly while pending sales remained strong on reduced inventory levels.

The absorption rate for July jumped to 7.4 months compared to last month’s 2.8.  Popping back into a buyers’ condo segment of Stuart’s 34994 zip code area.  This is not totally unexpected as condo sales often slow down during the summer months.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last July the numbers were 84 active listings, 23 pending sales, and 20 closed sales.   Better closed numbers for 2015, but pending sales are a bit better this year and it’s with less inventory.

Stuart FL 34994 Condo Market Report July 2016

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Stuart Florida Market Report ZIP Code 34994 – Condo, July 2016

Stuart Florida Market Report ZIP Code 34994 Residential July 2016

08.12.16 by

Stuart Florida Market Report ZIP Code 34994 Residential July 2016

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

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

There are currently 70 active listings (Unchanged from June)

Stuart Florida Market Report ZIP Code 34994 Residential July 2016

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

 Stuart Florida Market Report ZIP Code 34994 Residential July 2016

18 Homes Sold in June (Up by 1 homes from June)

Stuart Florida Market Report ZIP Code 34994 Residential July 2016

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continued the summer with strong activity for July with positive future activity (pending sales) and also an increase in closed sales.  Though, the reduced inventory is a potential problem.

The one month absorption rate for the 34994 zip code for July decreased to 3.9 months from 4.1 months for June.  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 July 2014 numbers were 62 Active Listings, 32 pending sales and 16 closed sales.   Slightly better sales numbers for this year when compared to July of 2015.

Stuart Florida Market Report ZIP Code 34994 Residential July 2016

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Stuart Florida Market Report ZIP Code 34994 Residential July 2016

Sewalls Point Single Family Market Report July 2016

08.11.16 by

Sewalls Point Single Family Market Report July 2016

Sewalls Point Real Estate Snapshot, Residential Sales for July 2016

There are currently 69 active listings (Down by 7 homes since last month)

Sewalls Point Single Family Market Report July 2016

11 home sales are pending and awaiting close or lender approval (Increased by 6 homes from June)

Sewalls Point Single Family Market Report July 2016

2 Homes sold in July (Decreased by 17 home sales from June)

Sewalls Point Single Family Market Report July 2016

The single family real estate market in Sewalls Point for July showed a big decrease in closed sales for July.  Pending sales look good, however, and I expect these sales figures to improve in the coming months.  The inventory of available homes is up from last year but down from last month.

The current absorption rate exploded to 34.5 months, in June it was 7.6 months. An unfortunate slowdown for Sewall’s point, but possibly an opportunity for buyers.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to July of 2014, the inventory was 58 homes on the market, 12 pending sales and there were 5 closed sales. Better numbers last year, even though we have a greater inventory now.

Sewalls Point Single Family Market Report July 2016

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Sewalls Point Single Family Market Report July 2016

 

VilaBella Town-Home Condos in Stuart FL August 2016 Update

08.04.16 by
VilaBella Town-Home Condos in Stuart FL August 2016 Update
 
In August of 2016 there are 2 townhomes for sale in VilaBella.  These two homes were listed for $194,000 and $199,000 for an average list price of $197,400 which equals $129.91 per sq. ft. of living area.  These two homes have been on the market for an average of 108 days (As of August 3, 2016).
There are no pending sales currently in Vilabella.
In the past 12 months, 3 homes have sold with sales prices ranging from $142,340 up to $174,000 with an average sales price of $154,780 which equals $106.37 per sq. ft. of living area.  These sales averaged 57 days on market and sold at 95% of list price.

These new condominiums located in Stuart are just minutes from it all! Located on Central Parkway connecting the two main roads of Kanner Highway and US-1, VilaBella allows residents easy access to all Stuart has to offer but also keeps residents in a peaceful secluded haven. Modern and pet friendly condominiums feature stainless steel appliances with granite counter tops in the kitchen and in the bathrooms. All units have one car garages and terraces with beautiful views of this well landscaped gated community. Hurricane shutters are included with all units. Residents can enjoy a spacious club house with picnic areas and a community swimming pool. VilaBella is close to great schools, downtown Stuart and the gorgeous Stuart beaches!


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VilaBella Town-Home Condos in Stuart FL August 2016 Update

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Highlands Reserve August 2016 Market Update

08.03.16 by

Highlands Reserve August 2016 Market Update

There are currently 16 homes actively listed in Highlands Reserve for August of 2016 in Palm City, Florida.  Prices range from $369,900 to $719,990.  The average list price is $571,365 which equals $173.09 per square foot of living area.  As of Aug 3, 2016 these homes have averaged 121 days on the market.

There are 9 homes under contract awaiting closing.  List prices ranged from $339,000 to $782,990.  The average list price is $505,110 at $154.89 per square foot of living area.  These homes averaged 88 days on the market before going under contract.

In the past 12 months, 39 homes have sold in Highlands Reserve with an average sales price of $450,467 at $142.18 per square foot of living area.  Actual sales prices ranged from $284,000 to $775,000.  These homes averaged 115 days on market and sold at 97% of listed price.Highlands Reserve real estate in Palm City FL

 Highlands Reserve is one of the newest upscale communities in this section of Martin County. Enter the magnificent gates and surround yourself with the well appointed amenities of the clubhouse and natural beauty of this community. Included are paths into winding nature trails will offer dramatic views of surrounding natural preserves and serene lakes.

Highlands Reserve real estate in Palm City FL Highlands Reserve real estate in Palm City FL

Located only seconds from I-95 and within minutes of shopping, beaches and the laid back easy lifestyle of Martin County. Perfect for the family with an ‘A’ rated school system. Only 30 minutes to West Palm Beach and 2 hours to Orlando.

Highlands Reserve real estate in Palm City FL Highlands Reserve real estate in Palm City FL

Low HOA fees of $315.00 per month include landscaping and irrigation as well as the security gate, use of the full service clubhouse with large pool and state of the art fitness center.  Lounge and kitchen for private parties and occasions.

Highlands Reserve real estate in Palm City FL

Highlands Reserve is a D. R. Horton community and new construction homes are still available.  There are usually some excellent offers available through Realtors.  Call us today for our new construction special rebate program.

Highlands Reserve real estate in Palm City FL

Give us a call for the full line of exceptional new homes available in Highland Reserve in Palm City, FL.

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Highlands Reserve August 2016 Market Update

June 2016 Monthly Market Detail St Lucie County Townhouses and Condos

08.01.16 by

June 2016 Monthly Market Detail St Lucie County Townhouses and Condos

The June 2016 Monthly Market Detail St Lucie County Townhouses and Condos showed continued strong closed sales activity.  Closed sales were up 5.7% from last year (was up 19.0% in May) while new pending sales unfortunately decreased  by 14.8% (was up by 13.6% in May).

Prices continued to rise with the median sales price increasing by 23.6% (was up by 3.6% in May) while the average sales price increased by 1.4% (decreased 2.9% in May).  St Lucie County townhouses and condos are showing a very sustainable slow increase in prices for the past few months.

The inventory of available townhouses and condos decreased by 39 units from last month to 566 units, which is only 0.2% greater than June 2015. The current supply of inventory dropped to 5.6 months, which is equal to last year.  The St Lucie County townhouses and condos has once again swung back into a sellers market. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

June 2016 Monthly Market Detail St Lucie County Townhouses and Condos

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

June 2016 Monthly Market Detail St Lucie County Townhouses and Condos

June 2016 Monthly Market Detail St Lucie County Single Family Homes

07.31.16 by

June 2016 Monthly Market Detail St Lucie County Single Family Homes

June 2016 Monthly Market Detail St Lucie County Single Family Homes is bucking the trend from the rest of Florida and it’s neighbor to the south with continued increased activity as compared to last year.  Closed sales were up by 8.9% (in May they were up by 11.2%) and new sales under contract (new pending sales) increased by 2.2% (they were up by 7.7% last month).

The prices for June are continuing with strong appreciation as well.  Both the median and average sales prices up by 12.8% and 19.2% respectively from last June (For May these numbers were 15.6% and 15.2%).

Active listings fell by 112 homes to 1,516 homes.  This inventory is still 1.7% greater than last year.  The current supply of homes is at 3.4 months (an 6.2% increase from last year). The St Lucie County single family home market remains in a hot sellers market.

June 2016 Monthly Market Detail St Lucie County Single Family Homes

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

June 2016 Monthly Market Detail St Lucie County Single Family Homes

June 2016 Monthly Market Detail Martin County Townhouses and Condos

07.30.16 by

June 2016 Monthly Market Detail Martin County Townhouses and Condos

June 2016 Monthly Market Detail Martin County Townhouses and Condos is giving us some mixed signals with closed sales off from last year but a very strong month for new pending sales..  Closed sales were down by 5.0% (was down by 5.1% in May) and new sales under contract (new pending sales) were up by 39.1% from June 2014 (decreased by 5.4% in May).

Another month of mixed signals with prices as the median sales price increased by 5.7% (was down by 0.4% in May) while the average sales price decreased by 5.4% (was up by 6.7% in May) as compared to June of 2015.  I’ve been predicting some sort of moderation in the rate of price increases and this appears to have happened.

The inventory of available townhouses and condos decreased by 36 units to 381 properties as compared to last month.  The first monthly decline after two months of increases. This is 1.0% below the June 2015 inventory.  Currently, there’s a 3.9 month supply of inventory (an 8.3% increase from last year).  Still in a strong sellers market for townhouses and condos in Martin County.

June 2016 Monthly Market Detail Martin County Townhouses and Condos

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

June 2016 Monthly Market Detail Martin County Townhouses and Condos

Summerfield Golf Club Market Report for July 2016

07.30.16 by

Summerfield Golf Club Market Report for January 2016 – Home of the Champions Golf Club

As of January 2016:
There are 10 homes on the market in Summerfield ranging in listing price from $321,900 to $589,900 for an average of $419,366 which equals $186.29 per square foot of living area.  As of July 24, 2016 these homes will have been on the market for an average of 75 days.

There are 4 homes under contract (pending) awaiting their closing. Listing prices are from $300,249 to $372,490 for an average of $342,910 which equates to $156.03 per square foot of living area.  These homes averaged 57 days on the market before going under contract.

In the past 12 months, 37 homes have sold.  Sales prices ranged from $215,000 to $497,000 for an average sales price of $344,923 which equals $164.60 per square foot of living area.  The average days on market for these sales was 57 days and the average list to sales price was at 96%.

Summerfield Golf Club is located on over 275 acres and hosts a little over 500 single family homes adjoining the Champions Golf Course.  Selected as one of the top 10 Golf Courses he nation by Golf Magazine in 1995, it is the first public golf course awarded the Audubon Signature Sanctuary Statuary because of its natural beauty.  This Tom Fazio designed course is open to the public with very reasonable membership fees.  Visit the Champions Course web site for more information at http://www.thechampionsgolfclub.com/

The residential section is known as Summerfield Golf Club and is a secured gated community with homes ranging in size from smaller 2 bedroom coach homes of around 1500 square feet up to 5 bedroom estate homes boasting over 3,000 square feet of living area.

Summerfield boasts an exceptionally large community pool and clubhouse with dining and entertainment facilities, fitness center and a professional 6 court Tennis club.  All of these amenities available at very reasonable HOA fees, along with the convenience of on-site manager to handle any issues that may arise.

Very conveniently located near US-1 and Cove Rd, residents can enjoy close proximity to shopping, medical facilities with downtown Stuart only minutes away and only 30 minutes to the palm Beaches.  Easy access to I-95 where travel to Orlando or Miami is only 2 hours by car.

The following homes are currently available for sale in Summerfield:

Summerfield Golf Club Homes for Sale

Stuart Florida Real Estate

Summerfield Golf Club Market Report for January 2016

June 2016 Monthly Market Detail Martin County Single Family Homes

07.29.16 by

June 2016 Monthly Market Detail Martin County Single Family Homes

The June 2016 Monthly Market Detail Martin County Single Family Homes showed a marked decrease from lasy years activity, yet still a strong and active market.  Closed sales were down by 10.0% (was down by 2.8% in May). New pending sales decreased by 17.5% as compared to June of 2015 (Decreased by 14.7% in May).

Prices, however, continued their rise as the median sales price was up by 15.9% from last year (up by 15.8% in May) while the average price increased by 9.2% (was down by 3% 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 decreased from last month by 66 homes to 988 units for this month,  this is 8.8% greater than last June.  Current supply of homes is 4.9 months, for June of last year it was a 4.4 months supply. (This is a 11.4% increase from last year).  Still a sellers market for Martin County single family home sales.

June 2016 Monthly Market Detail Martin County Single Family Homes

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

June 2016 Monthly Market Detail Martin County Single Family Homes

Monarch Country Club July 2016 Market Report

07.29.16 by

Monarch Country Club July 2016 Market Report

There are currently 6 active listings in the Monarch Country Club.  List prices range from $219,900 up to $599,000 for an average list price of $365,983 which works out to $172.25 per sq. ft. of living area.  As of July 29 these homes have been on the market for an average of 59 days.

There are 6 homes under contract which have not yet closed in Monarch.  List prices range from $239,900 to $539,900 for an average of $391,267 or $165.48 per sq. ft. of living area.  These homes were on the market for an average of 88 days before going under contract.

In the past year (12 months back), 35 homes have sold in the Monarch Country Club.  Sales prices ranged from a low of $209,500 up to $585,000 for an average sales price of $373,083 or $155.26 per sq. ft. of living area.  These homes sold on average at 95% of the last list price and were on the market for an average of 67 days before going under contract.

About the Monarch Country Club

One of Palm City’s premier neighborhoods, Monarch Country Club is home to the ‘Monarch’ Golf Course in a wonderful gated community of approximately 500 homes.

entrance to the Monarch Country Club

Homes in the Monarch Country Club range in size from estate sized homes with over 3,800 sq. ft. of living area and up to 5 bedrooms and 4 bathrooms with 3 car garages down to smaller attached villas with a more modest 1,300 sq. ft. of living area and 2 bedrooms, 2 bathrooms and a 2 car garage.  For those living in the Monarch Country Club, membership in the golf club is not mandatory and there are a number of social memberships also available including tennis and community pool memberships.

clubhouse of the Monarch Country Club

As of July 2016, the HOA fees (not including golf or social) ranged from just under $400 up to $450 a month depending on the size and the section of Monarch the home is located in. All ages and pets are welcome in Monarch and children are currently zoned to attend the Bessey Creek Elementary School, Hidden Oaks Middle School and Martin County High School.

swimming pool of the Monarch Country Club

This community is well located in Palm City close to Florida’s Turnpike for commuters and with easy access to shopping, restaurants, medical facilities and the many boat ramps and waterways in Martin County.

tennis courts in the Monarch Country Club

The championship course at Monarch boasts 6,867 yard par 72 with a slope of 133 and a rating of 73.6.  Shorter options exist for all levels of play.  This is an Arnold Palmer designed course that opened in 1987 and is currently managed as a ClubCorp facility.

clubhouse at the Monarch Country Club

There’s a beautiful clubhouse with pro shop, fine dining room, snack bar and outside bar that is open to club members and residents of Monarch Country Club.  The two story structure offers beautiful views of the emerald green fairways of the ‘Monarch’ course at the Monarch Country Club.  This fine facility is also available for business, social conferences and weddings.  Adjacent to the clubhouse is a professional caliber tennis facility with six perfectly maintained, lighted Har-Tru courts. A full-service Pro Shop is available to suit all of your needs. Lessons, groups, tournaments are all accommodated by the friendly staff.

Homes in the Monarch Country Club

Currently there are a number of fine homes available for sale in the Monarch Country Club, ranging from smaller attached villas to larger estate homes with magnificent lake and golf course views.

Here are the currently available Monarch Country Club Homes for Sale

Monarch Country Club July 2016 Market Report