Stuart FL 34996 Residential Market Report April 2016

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

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

There are currently 151 active listings (Down by 12 homes from March).

55 Residential sales are pending and awaiting close or lender approval (Up by 4 homes from March).

25 Homes Sold in April (Increased by 2 homes from March).

The 34996 zip code area of the Stuart Florida residential real estate market showed some gains in all tracked criteria for April. Though, the inventory continues to decline.

The one month absorption rate for the 34996 zip code area of Stuart Florida for April decreased to 6 months as compared to March’s 7.1 months. A balanced market for this section of Martin County. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for April of 2015 were: 173 active listings, 29 pending sales and 18 closed sales. Considerably better volume this year than for April of last year even with a reduced inventory. Quite impressive.

Stuart FL 34996 Residential Market Report April 2016

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Stuart FL 34996 Residential Market Report April 2016

Oakbrooke Estates May 2016 Market Report

05.14.16 by Gabe Sanders

Oakbrooke Estates May 2016 Market Report

As of may 2016, there are 3 homes for sale in the Oakbrooke Estates community of Palm City in Martin County Florida. The list prices for these homes range from $479,900 to $529,900 for an average list price of $492,400 which also equals $140.56 per sq. ft. of living area.

There are 4 homes under contract which haven’t sold to date. List prices for these 4 homes range from $439,000 up to $489,000 for an average of $466,675 or $144.43 per sq. ft. of living area. These homes only averaged 14 days on the market prior to going under contract.

In the past 12 months, 6 Oakbrooke Estates homes have sold. Sales prices were from $400,000 up to $490,000 and averaged $431,000 which equals $137.80 per sq. ft. of living area. These 6 homes sold for 97% of the last list price and went under contract in an average of 52 days after being listed.

About Oakbrooke Estates:

Also known as Oakbrooke Estates Gardens. Located on the north side of Martin Hwy (State Road 714) and just down the street from the Publix supermarket and close to other shopping areas as well as schools and Florida’s Turnpike. This community was built between 2003 and 2005 and consists of 70 single family homes of various sizes ranging from 4 bedroom, 3 bathroom homes of 2,263 sq. ft. of living area up to 5 bedroom, 4 bathroom homes of 3,690 sq. ft. and all these homes come with with 3 car garages.

Many of the homes in Oakbrooke Estates have their own private pool as well as some homes with serene lake views on cul-de-sacs. There is a community pool and clubhouse as well in this subdivision and a gated entrance for privacy and security. The low HOA fees of $180 cover the common areas, security gate, trash pickup and basic cable TV.

Children who live in Oakbrooke Estates currently attend the Palm City Elementary, Hidden Oaks Middle and Martin County High Schools.

A wonderful family friendly community of newer palm City Homes.

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Stuart FL 34994 Condo Market Report April 2016

05.13.16 by Gabe Sanders

Stuart FL 34994 Condo Market Report April 2016

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

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

There are currently 97 active condo listings (Up by 1 condos from March).

35 Condo sales are pending and awaiting close or lender approval. (Decreased by 3 condos from last month)

19 Condos Sold in April (Up by 4 condos from March).

The Stuart FL 34994 Condo market showed some small gains in volume for April and continues to show strong real estate market activity.

The one month absorption rate increased to 5.1 months compared to last month’s 6.4. Back, once again, into a sellers market for condos in Stuart’s 34994 zip code area. 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 April the numbers were 93 active listings, 40 pending sales, and 19 closed sales. Similar volumes when compared to last year’s April numbers, though pending sales were better last year.

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

Stuart Florida Market Report ZIP Code 34994 Residential April 2016

05.12.16 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Residential April 2016

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

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

There are currently 65 active listings (Up by 2 homes from March)

49 Residential sales are pending and awaiting close or lender approval (Increased by 15 homes from last month).

10 Homes Sold in March (Down by 5 homes from March)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a slow month of April for closed sales while at the same time showing some pretty good increase in pending sales. This should signal an increase in closed sales for the coming months.

The one month absorption rate for the 34994 zip code for April jumped to 6.5 months from 4.1 months for March. Back to a balance market for the 34994 zip code area of Stuart, FL (even though I suspect this is only temporary). A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The April 2014 numbers were 68 Active Listings, 33 pending sales and 21 closed sales. Better closed sales numbers for last year but higher pending sales for this year.

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Stuart Florida Market Report ZIP Code 34994 Residential April 2016

Sewalls Point Single Family Market Report April 2016

05.11.16 by Gabe Sanders

Sewalls Point Single Family Market Report April 2016

Sewalls Point Real Estate Snapshot, Residential Sales for April 2016

There are currently 68 active listings (Down by 2 homes since last month)

19 home sales are pending and awaiting close or lender approval (Increased by 5 homes from March)

3 Homes sold in April (Decreased by 3 home sales from March)

The single family real estate market in Sewalls Point showed a nice increase in pending sales for April, but unfortunately closed sales were once again less than expected. There does seem to be very good showing activity, so I’m expecting sales to pick up as we head into the summer season.

The current absorption rate exploded to 22.7 months, in March it was 11.7 months. A very strong buyers market for Sewalls Point, and those who have dreamed of moving to Sewalls Point should consider taking advantage of this market while they can. 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 April of 2014, the inventory was 79 homes on the market, 11 pending sales and there were 6 closed sales. The pending inventory is looking much better for this year.

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Sewalls Point Single Family Market Report April 2016

May 2016 Market Report for Legacy Cove in Stuart Florida

05.11.16 by Gabe Sanders

May 2016 Market Report for Legacy Cove in Stuart Florida

There are currently 5 homes for sale in Legacy Cove in Stuart, FL. Listing prices range from $319,900 to $475,000 for an average listing price of $404,580 or a price per square foot of living area of $161.49.

There are three homes currently under contract awaiting settlement. The list prices range from $329,000 to $399,000 or $159.21 per sq. ft. of living area. These homes averaged 24 days on the market prior to going under contract.

In the past 12 months, 7 homes have sold in Legacy Cove with sales prices ranging from $260,000 to $482,000 for an average sales price of $337,357 or $148.27 per sq. ft. of living area. These sales averaged 95% of list price and went under contract in an average of 55 days after going on the market.

Legacy Cove in Stuart Florida is a gated lakeside community of 229 homes off of Cove Road in Stuart, Florida. Legacy Cove consists of two sections. The first section of 142 homes called the Cove Isle development was mostly completed between 2004 and 2005. The newer section, called the Cove Lakes development consists of 87 home sites with construction that began in 2007. Some homes are yet to be completed in Cove lakes.

There’s a wide variety of homes in Legacy Cove, ranging for the smallest, a 3 bedroom, 2 bathroom, 2 car garage with a little under 1,600 square feet of living area to 4, possible 5 bedroom, 3 and a 1/2 bathroom, 3 car garage two story homes with almost 4,000 square feet of living area. And many sizes in between.

Legacy Cove boasts a community pool and club house with a fitness center as well as two hard surfaced tennis courts. Many homes in Legacy Cove in Stuart Florida have serene lake views and a comfortable private feeling. Located just minutes from I-95, this is a great location for those wishing to take advantage of Martin County’s amenities while still having an easy commute to work either north or south.

Legacy Cove is in an ‘A’ Martin County school system with children currently attending Pinewood elementary school, Dr. David L Anderson middle school and Martin County high school.

The HOA fees are very reasonable at $688.00 per quarter. Management of the community is through Bristol Management of Stuart.

Residents of Legacy Cove in Stuart Florida enjoy a relaxing life style with easy access to restaurants, shopping and the many waterways, beaches and public parks that Martin County has to offer.

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May 2016 Market Report for Legacy Cove in Stuart Florida

May 2016 Market Report for Ocean House in Indian River Plantation

05.10.16 by Gabe Sanders

May 2016 Market Report for Ocean House in Indian River Plantation

May 2016 Market Report for Ocean House Condos in Indian River Plantation, Hutchinson Island in Stuart, FL

Currently, there are 2 active listing on the market in Ocean House, both of which are listed for $629,000 which equates to $469.40 per square ft. of living area.

There are 3 condos under contract awaiting settlement. List prices range from $459,000 up to $745,000 for an average list price of $562,667 and this equals $407.06 per sq. ft. of living area. These 3 condos averaged 296 days on market before going under contract.

In the past 12 months, there have 2 sales in Ocean House. The sales prices were $350,000 and $625,000 for an average sales price of $487,500 or $363.81 per square foot of living area. These two condos sold for an average of 93% of the last list price and went under contract in an average of 93 days after being listed.

One of the newest buildings in Indian River Plantation, Ocean House, is also the most magnificent. Consisting of 79 Luxury Condo units of either 2 or 3 spacious bedrooms with amenities galore. All suites have Ocean views, even the first floor units, which are in actuality the equivalent of being on the third floor as there are two parking levels for residents to enjoy covered parking.

Ocean House has a newly renovated club house area featuring an updated kitchen with granite counter tops and stainless steel appliances. Two flat screen televisions and free wi-fi for those that need connectivity.

A heated pool and lanai area that’s perfect for lounging close to the beach, or walk down your private access to enjoy the crystal blue waters of your private Atlantic ocean beach.

Barbecue area with a Tiki Hut for those nights that you want to eat out under the stars.

The Marriott Resort at Indian River Plantation Features:

Indian River Plantation consists of numerous condominium associations and buildings. All styles from Ocean front to River front and Golf and Tennis villas can be found here. IRP is associated and co-located with the Marriott Resort and Marina.

Tucked away on Hutchinson Island, the Treasure Coast’s 16-mile lush barrier island is a unique resort that greets guests with the warmth of true Southern hospitality.

The Hutchinson Island Marriott Beach Resort and Marina stretches across 200 acres of plantation landscape on Hutchinson Island, bordered on one side by the Atlantic Ocean and by the shimmering Indian River on the other side.

A newly remodeled lobby with sweeping draperies, plantation-style wood furnishings, and tropical tones sets the stage for a magical golf getaway. This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.

Golfers of all skill levels will enjoy the challenging fairways and greens found in the area’s 12 courses. Plantation East, the resort’s own course, meanders throughout the island and is characterized by water on 17 of 18 holes. This 4,042-yard, par-61 executive course requires careful club selection and precision shot-making to overcome constantly changing ocean breezes.

Golfers of all skill levels will enjoy the challenging fairways and greens found in the area’s 12 courses. The Ocean Club, the resort’s own course, meanders throughout the island and is characterized by water on 17 of 18 holes. This 4,042-yard, par-61 executive course requires careful club selection and precision shot-making to overcome constantly changing ocean breezes.

The Hutchinson Island Marriott offers guests and residents two tiki bars and their Signature Restaurant, the Baha Grille. Thirteen Novagrass tennis courts, miles of unspoiled beaches, water sports, deep sea fishing, and a full-service 77-slip marina anchored on the Indian River round out a perfect vacation of sun and fun.

Resort amenities also include three heated pools with sun decks, game rentals from the Activities Hut, two outdoor spas, and supervised activities for both children and teens.

May 2016 Market Report for Ocean House in Indian River Plantation

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May 2016 Market Report for Ocean Bay Villas on Hutchinson Island

05.09.16 by Gabe Sanders

May 2016 Market Report for Ocean Bay Villas on Hutchinson Island

As of May 2016 there are 8 available homes in the Ocean Bay Villas community on Hutchinson Island, FL. List prices are from $349,000 to $569,900, for an average list price of $449,943 or $186.70 per sq. ft. of living area. These townhomes have been on the market for an average of 173 days.

There are no current pending sales.

There have been 5 closed sales in the past 12 months. Sales prices ranged from $290,000 to $397,500 which averages to $350,500 and is equal to $143.90 per sq. ft. of living area. These homes sold for an average of 88% of list price and also averaged 184 days on market before going under contract.

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

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

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

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May 2016 Market Report for Ocean Bay Villas on Hutchinson Island

May 2016 Market Update for Island Dunes Condos on Hutchinson Island

05.08.16 by Gabe Sanders

May 2016 Market Update for Island Dunes Condos on Hutchinson Island

May 2016 Market Update for Island Dunes Condos on Hutchinson Island in Jensen Beach, FL

There are currently 15 active listings on the market in Island Dunes at prices ranging from $215,000 to$995,000 for an average list price of $443,813 which equals $261.20 per square ft. of living area. These condos have averaged 85 days on market so far.

There are 3 condos under contract awaiting closing listed from $234,900 to 385,000 for an average list price of $319,633 which works out to $245.94 per square ft. of living area. These condos averaged 47 days on the market prior to going under contract.

In the past 12 months, 33 condos have sold ranging in sales prices from $160,000 to $835,000 with an average sales price of $390,783 which equals $237.43 per square foot of living area. These sales averaged 96% of the final list price and also averaged 86 days on market before going under contract.

Located on the unspoiled Barrier Island of Hutchinson Island in Jensen Beach, Florida in Saint Lucie County is a complex of five separate condominium buildings with a common thread. All of these units belong to the Island Dunes Country Club. This unique arrangement offers golf, tennis and a deep water marina, just steps from your condo without having to travel to the mainland. The five buildings from North to South are the Island Dunes Oceanside I & II, the Admiral, the Regency Island Dunes and the Regency Island Dunes Two. All of these buildings are Oceanside affording easy access to the crystal clear blue waters of the Atlantic Ocean. There’s a wide variety of condos available ranging from 1 Bedroom to spectacular 3 Bedroom Penthouse suites.

The Island Dunes Country Club offers a challenging nine hole golf course golf course on the on the banks of the wide Indian River, championship tennis club , a pro shop, a deep water marina and one of the fine dining in the onsite restaurant area which is open to the public.

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May 2016 Market Update for Island Dunes Condos on Hutchinson Island

Pierpoint Condo B-72 Under Contract

05.07.16 by Gabe Sanders

Pierpoint Condo B-72 Under Contract

This wonderfully updated Pierpoint condo in Stuart FL is now under contract with the buyers and sellers working with the Gabe Sanders BlueWater Realty Team. This condo was listed for $89,000.

This is the perfect winter getaway from those cold northern winters. With the opportunity to have your own boat only steps away to enjoy fishing or the many waterways of the Treasure Coast of Florida. Or, for some a great new permanent residence with no lawns to mow or exterior maintenance to worry about.

Nicely updated 1 bedroom, 1 and ½ bathroom condo in Pierpoint. Serene pond views from the balcony of this surprisingly spacious condo. Kitchen has granite tile counter-tops and upgraded white cabinets. This unit comes fully furnished and in move in condition. Pierpoint is a waterfront community with dockage available for lease at very reasonable rates as well as kayak storage. There are two community pools, clubhouse with full kitchen, fitness room and a library. Fantastic location in the heart of Stuart only minutes to shopping, downtown, medical facilities and the beaches, yet still in a quiet residential area. Pierpoint is an adult community and no pets are allowed. Opportunities like this don’t come often.

About Pierpoint Condominiums

This friendly, active 55+ condominium offers two community pools, grills, shuffleboard, a waterfront clubhouse and dock. Located in the heart of Stuart and on the shores of the wide Saint Lucie River, the Pierpoint Yacht Club Condominiums is the premier adult community in Stuart, Florida. Extremely well maintained complex of 8 buildings, some of which have magnificent water views.

Pierpoint has docks with boat slips for rent as available. Also on this dock is a fishing station and benches for all Pierpoint residents to enjoy and use. Stuart enjoys some of the finest fishing conditions in all of Florida and the east coast.

On the shores of the Saint Lucie River, Pierpoint has a large and active clubhouse with a full kitchen available for members and special occasions. Adjacent to the clubhouse is one of two heated pools, a billiard room, reading library and shuffle board courts. There’s an outdoor lounge for sipping cocktails right on the shores of the wide Saint Lucie River. Lots of green space and ample parking complement this wonderful community.

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Pierpoint Condo B-72 Under Contract

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The Arbors in Hobe Sound May 2016 Market Report

05.06.16 by Gabe Sanders

The Arbors in Hobe Sound May 2016 Market Report

There are 4 available homes for sale in The Arbors as of May 2016. List prices are $439,900 to $597,500 for an average of $519,100 which equals $199.88 per sq. ft. of living area. These homes have been on the market for an average of 34 days.

There are three homes under contract which have not completed the sales process. The list prices ranged from $479,000 to $575,000 for an average list price of $527,000 or $196.58 per sq. ft. of living area.. These homes averaged 162 days on market prior to going under contract.

In the past 12 months, 8 homes have sold in the Arbors. Sales prices ranged from $315,000 to $578,500 for an average sales price of $407,063 which equals $176.87 per sq. ft. of living area. These sales averaged at 96% of the listed price and were on the market for an average of 131 days prior to entering into an agreement for sale.

In northern Hobe Sound just west of Federal Highway and off of Seabranch Avenue is the exclusive 190 homes of the Arbors. This exclusive gated community of upscale homes all border on lakes or preserve with generous lots and elbow room not found in many modern developments. In addition to the two serene lakes the Arbors also contains generous nature preserves to protect the indigenous hardwoods and pines as well as offering a home to native flora and fauna. Residents of the Arbors enjoy seeing endangered srub jays and gopher tortoises as well as pairs of sandhill cranes. To enjoy the surrounding 100 acres of protected preserve areas, the Arbors has set up a walking trail through much of this land. Great for a morning walk or excellent exercise for those that wish to go for a run or jog.

All this in a location that is just minutes from many championship golf courses, the beautiful beaches of the Atlantic Ocean and the marinas and waterways of Martin County. Close to Martin County’s ‘A’ rated schools, shopping centers, medical facilities and all necessary urban services yet in a quiet peaceful setting. The Arbors is less than an hour away from Palm Beach International Airport and just about equi-distant from Miami and Orlando, both only two hours by car.

The Arbors is a wonderful place to call home.

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Hidden River in Palm City FL – May 2016 Market Report

05.04.16 by Gabe Sanders

Hidden River in Palm City FL – May 2016 Market Report

Only one currently active listing in Hidden River in Palm City in late May. This home is listed for $799,000 which equates to $319.60 per sq. ft. of living area.

There are no homes under contract at this time in the Hidden River community

In the past 12 months 1 homes has sold in Hidden River. The sales price was $375,000 or $131.39 per sq. ft. of living area. This sale was at 90% of the list price and went under contract after 118 days of being on the market.

About Hidden River in Palm City FL

This is a waterfront community in Palm City FL located on either Bessey Creek or Hidden River with ocean access through the North Fork of the Saint Lucie River. Most homes in this community have excellent water depth and homes can handle some fairly good sized boats.

This is a non-deed restricted community with no HOA fees. The earliest homes were built beginning in 1970 and the last one was completed in 2015. Homes range from modest 2 bedroom, 2 bathroom cottages with just under 1,400 sq. ft. of living area on about a quarter of an acre up to 4 bedroom, 3 bathroom homes with close to 4,000 square ft of living area on one half acre lots.

Very private location, yet only minutes to Florida’s Turnpike as well as numerous shopping and restaurant choices in Palm City.

Children attend Bessey Creek Elementary, Hidden Oaks Middle and Martin County High Schools.

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Coral Lakes – May 2016 Market Report

05.03.16 by Gabe Sanders

Coral Lakes – May 2016 Market Report

For may 2016 there is only one home available for sale in Coral Lakes in Stuart FL. This home is listed for $484,000 which is equal to $170.06 and as of May 1 has been on the market for 106 days.

There are no homes currently under contract in Coral Lakes.

In the past year, 7 homes have sold in Coral Lakes. Sales prices ranged from $255,000 up to $530,000 for an average sales price of $334,500 or $138.11 per sq. ft. of living area. These homes went under contract in an average of 88 days after being listed and sold for an average of 95% of the last list price.

About Coral Lakes:

The gated Stuart FL community of Coral Lakes is off Willoughby Blvd between Pomeroy Street and Salerno Road. Communities like this are no longer being developed in most centrally located areas as all of the lots are a minimum of a ½ acre and a number are over an acre.

There are just under 100 home sites in Coral Lakes with the first homes built in 1980 and the most recently completed one was in 2005. Homes come in all sizes and shapes with different builders and range from just over 1,600 sq. ft. 2 bedrooms and 2 bathrooms homes up to over 4,500 sq. ft. homes with 5 bedrooms and 4 bathrooms and multi-car garages.

Other than a storage lot for boats, RV’s and trailers there are no additional amenities in Coral Lakes and the low HOA fee of $450 per year covers maintenance of the common areas, gates and management. Many homes have private pools in these spacious single family home sites as well as other much desired amenities.

The location makes it easy for residents of Coral Lakes to commute via I-95 to parts north or south of Martin County and yet still be close to shopping, restaurants, medical facilities, beaches and waterways , and the other great attractions that make Stuart FL so popular among families.

Currently, children attend the Pinewood Elementary, Dr. David L. Andersen Middle and Martin County High Schools.

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March 2016 Monthly Market Detail St Lucie County Townhouses and Condos

04.30.16 by Gabe Sanders

March 2016 Monthly Market Detail St Lucie County Townhouses and Condos

The March 2016 Monthly Market Detail St Lucie County Townhouses and Condos shows reduced activity from March of last year. Closed sales were down 23.1% from last year (was down 22.3% in February) while new sales under contract (new pending sales) decreased by 7.5% (was down by 24.1% in February).

The median sales price increased by 9.2% (was down by 10.4% in February) while the average sales price was down by 2.8% (decreased 7.2% in February). This is the first month in 2016 with some increase in prices for this segment of the St Lucie County real estate market.

The inventory of available townhouses and condos decreased by 12 units from last month to 655 units, which is 3.1% greater than March 2015. The current supply of inventory remained unchanged from last month at 6.6 months, which is 6.5% 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.

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March 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.

March 2016 Monthly Market Detail St Lucie County Townhouses and Condos

March 2016 Monthly Market Detail St Lucie County Single Family Homes

04.29.16 by Gabe Sanders

March 2016 Monthly Market Detail St Lucie County Single Family Homes

March 2016 Monthly Market Detail St Lucie County Single Family Homes improved its March volume as compared to February but still weaker than last year. Closed sales were up by 0.2% (in February they were down by 9.2%) and new sales under contract (new pending sales) decreased by 4.7% (they were down by 3.9% last month).

However, prices continue to increase quite dramatically. Both the median and average sales prices up by 19.4% and 16.2% respectively from last March (For February these numbers were 17.2% and 14.6%).

Active listings fell by 18 to 1,822 homes. This inventory is 14.5% greater than last year. The current supply of homes is at 4.1 months (a 20.6% increase from last year). The St Lucie County single family home market remains in a strong sellers market, though not quite as superheated as last year.

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March 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.

March 2016 Monthly Market Detail St Lucie County Single Family Homes

March 2016 Monthly Market Detail Martin County Townhouses and Condos

04.28.16 by Gabe Sanders

March 2016 Monthly Market Detail Martin County Townhouses and Condos

March 2016 Monthly Market Detail Martin County Townhouses and Condos showed reduced sales volume primarily because of lower inventory and a continued rise in values. Closed sales were down by 11.2% (was down by 2.0% in February) and new sales under contract (new pending sales) were down by 5.9% from March 2014 (decreased by 7.5% in February). Though this is still a very active real estate market.

The median sales price was up by 26.6% (was up by 2.1% in February) while the average sales price increased by 40.3% (was up by 13.3% in February) as compared to March of 2015. Very strong price gains that are impacting some folks ability to afford condos and townhouses in Martin Count.

The inventory of available townhouses and condos dropped by 13 units to 398 properties as compared to last month. The second monthlyt drop after three straight months of increased inventory. This is 7.0% below the March 2015 inventory. Currently, there’s a 4 month supply of inventory (a 2.4% decrease from last year). Still in a strong sellers market for townhouses and condos for Martin County.

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

March 2016 Monthly Market Detail Martin County Townhouses and Condos

The Estuary – April 2016 Market Report

04.28.16 by Gabe Sanders

The Estuary – April 2016 Market Report

The Estuary of Stuart FL contains both homes and condos. Here is the April 2016 market report for this gated community:

Homes

There are currently no homes for sale in the Estuary.

One home is under contract. The list price was $599,900 which is also $321.66 per sq. ft. of living area. This home went under contract one day after it was listed.

In the past 12 months, 6 homes have sold in the Estuary. Sales prices ranged from $150,900 up to $605,000 for an average sales price of $294,316 or $142.60 per sq. ft. of living area. These homes sold for an average of 92% of list price and went under contract in an average of 66 days.

Condos

There are three condos currently available in the Estuary. List prices range from $139,900 to $155,000 for an average list price of $146,633 which is $126.77 per sq. ft. of living area.

There are four condos under contract which have not sold as of the time this is being written. List prices ranged from $129,900 to $159,900 for an average of $147,197 which equals $127.34 per sq. ft. of living area. These condos went under contract in an average of 56 days.

In the past 12 months, 4 condos have sold in the Estuary. Sales prices were from $98,000 to $169,750 for an average sales price of $129,437 which works out to $112.39 per sq. ft. of living area. These four condos averaged 102 days on market and sold for an average of 100% of the last list price.

About the Estuary

The Estuary of Stuart Florida, located in North Stuart, Florida and often mistaken for being a part of Jensen Beach Florida is a gated community with a variety of homes ranging from condos, to 1980’s vintage homes, to newer villas as well as waterfront homes with deep water docks.
The Estuary of Stuart Florida is very conveniently located on the banks of the North Fork of the Saint Lucie River, just minutes from the Treasure Coast Mall and the shopping and dining areas of the US-1 corridor in Jensen Beach.

Different sections of the Estuary include well appointed 2 and 3 bedroom condos with pool and lake views. A select number of condos have mile wide river views of the Saint Lucie River. An inland section of varying styles, sizes and shapes of homes built from the early 1980’s and also called River Shores Plantation. In 2002, a section of the Estuary was added with villas and smaller single family homes on Tillia Trail with their own community pool. Larger single family homes were also added at this time along Estuary Court, Plumbago Trail and the western section of NW 21’st Terrace. This section also boasts a community dock suitable for good sized vessels with ocean access just a few minutes away at the Saint Lucie Inlet. Homes on Plumbago Trail also enjoy spectacular wide water views. The Estuary is truly a wonderful place to call home.

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The Estuary – April 2016 Market Report

March 2016 Monthly Market Detail Martin County Single Family Homes

04.27.16 by Gabe Sanders

March 2016 Monthly Market Detail Martin County Single Family Homes

The March 2016 Monthly Market Detail Martin County Single Family Homes continues as a sellers market though sales volume is not growing as robustly as last year but improved from February. Year to year closed sales were up by 3.4% (was down 11.8% in February). New pending sales decreased by 0.8% as compared to March of 2015 (Decreased by 3.3% in February).

And prices continue to rise as the median sales price was up by 17.1% from last year (up by 8.9% in February) while the average price increased by 15.3% (was down by 5.1% last month). As long as the inventory remains tight, prices will continue to rise.

The inventory of available single family homes increased slightly from last month by 19 homes to 1100 units for this month, this is 1.0% less than last March. Current supply of homes is 5.3 months, for March of last year it was a 5.6 months supply. (This is a 5.4% decrease from last year). Still a sellers market for Martin County single family home sales.

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

March 2016 Monthly Market Detail Martin County Single Family Homes

Creekside in Palm City – April 2016 Market Report

04.27.16 by Gabe Sanders

Creekside in Palm City – April 2016 Market Report

There are currently no homes listed for sale in the Creekside community of Palm City.

There are also no homes under contract at this time.

In the past 12 months, 2 homes have sold in Creekside. The sales prices were $348,000 and $375,000 for an average sales price of $366,000 which equates to $125.84 per sq. ft. of living area. These two homes averaged 148 days on market befor going under contract and sold for 98% of the last list price.

About Creekside in Palm City

A small gated community in Palm City FL with only 18 homes. This is a Kolter built community that was constructed from 2013 to 2014.

Homes in Creekside are all 4 Bedrooms or greater with 3 or more bathrooms and most are 2 stories with 2 car garages. Sizes of the homes range from just over 2,000 sq. ft. of living area up to over 3,000. Some of the homes have private pools. There are no community amenities in Creekside which helps keep the HOA fees a very reasonable $120 per month.

Creekside is off of Sunset Trail in Palm City which makes it a quiet and private secluded location, yet still just minutes away from excellent shopping, restaurants as well as access to the numerous water ways, beaches and golf courses the Martin County and the Treasure Coast of Florida have to offer.

A very desirable community for children as this is an ‘A’ rated school district currently zoned for the Palm City Elementary School, Hidden Oaks Middle School and Martin County High School.

Here are the currently available homes for sale in Creekside

Creekside in Palm City – April 2016 Market Report

March 2016 Monthly Market Detail Florida Townhouses and Condos

04.26.16 by Gabe Sanders

March 2016 Monthly Market Detail Florida Townhouses and Condos

The March 2016 Monthly Market Detail Florida Townhouses and Condos is now in a balanced market and not the super heated activity as we have experienced for the past two years. Closed sales were down by 7.1% as compared to last months decrease of 5.4% and new sales under contract (new pending sales) decreased by 10.1% (In February there was a 10.5% decrease). While on the single family side of the Florida real estate market this decrease in volume can be attributed to inventory, for condos and townhouses it appears to be strictly price related as the inventory has been gaining in the past few months.

The median sales price continued to rise, by 3.3% (up by 5.6% in February), while the average sales price decreased by 3.9% (was down 1.4% in February). It appears that prices may not continue to rise very rapidly for this segment of the Florida real estate market.

The inventory increased by 6.7% from March of last year. For March 2016 we have 6.3 months of inventory (was also 6.3 months in February) and compared to 6.0 for March 2015. First time in two years that we are seeing an increase in inventory as well as being out of a sellers market.

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:
March 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.

772-763-8506

Stuart FL 34996 Residential Market Report April 2016

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

Stuart FL 34996 Residential Market Report April 2016

Oakbrooke Estates May 2016 Market Report

About Oakbrooke Estates:

Stuart FL 34994 Condo Market Report April 2016

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

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

Stuart Florida Market Report ZIP Code 34994 Residential April 2016

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

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Sewalls Point Single Family Market Report April 2016

May 2016 Market Report for Legacy Cove in Stuart Florida

May 2016 Market Report for Legacy Cove in Stuart Florida

May 2016 Market Report for Ocean House in Indian River Plantation

The Marriott Resort at Indian River Plantation Features:

May 2016 Market Report for Ocean Bay Villas on Hutchinson Island

May 2016 Market Report for Ocean Bay Villas on Hutchinson Island

May 2016 Market Update for Island Dunes Condos on Hutchinson Island

May 2016 Market Update for Island Dunes Condos on Hutchinson Island

Pierpoint Condo B-72 Under Contract

About Pierpoint Condominiums

Pierpoint Condo B-72 Under Contract

The Arbors in Hobe Sound May 2016 Market Report

Hidden River in Palm City FL – May 2016 Market Report

About Hidden River in Palm City FL

Coral Lakes – May 2016 Market Report

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March 2016 Monthly Market Detail St Lucie County Townhouses and Condos

March 2016 Monthly Market Detail St Lucie County Townhouses and Condos

March 2016 Monthly Market Detail St Lucie County Single Family Homes

March 2016 Monthly Market Detail St Lucie County Single Family Homes

March 2016 Monthly Market Detail Martin County Townhouses and Condos

March 2016 Monthly Market Detail Martin County Townhouses and Condos

The Estuary – April 2016 Market Report

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The Estuary – April 2016 Market Report

March 2016 Monthly Market Detail Martin County Single Family Homes

March 2016 Monthly Market Detail Martin County Single Family Homes

Creekside in Palm City – April 2016 Market Report

About Creekside in Palm City

Creekside in Palm City – April 2016 Market Report

March 2016 Monthly Market Detail Florida Townhouses and Condos

March 2016 Monthly Market Detail Florida Townhouses and Condos

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