Martin County Real Estate Update October 2015

“Florida Realtors® report that Martin County single family home sales showed double-digit appreciation in both median and average sale prices for the month of October. The average sale price of $434,249 is up 12.3% compared to October 2014, while the median is up 15.6%, reaching $314,500. Closed sales outpaced last year, too, and our inventory diminished to 1,162 homes, a 7.3% decrease from last year. For the sixth consecutive month, Martin County’s supply of inventory remained below 5 months and is down 18.4% compared to last year. All these figures are the hallmark of a seller’s market, so buyer beware and seek out the assistance of your local REALTOR® to help you navigate the unique challenges of this current real estate market,”

Martin County Real Estate Update October 2015

October 2015 Monthly Market Detail St Lucie County Townhouses and Condos

11.30.15 by Gabe Sanders

October 2015 Monthly Market Detail St Lucie County Townhouses and Condos

The October 2015 Monthly Market Detail St Lucie County Townhouses and Condos had a decreased volume of closed sales. These were down 5.4% from last year (was up 2.1% in September) while new sales under contract (new pending sales) increased by 1.8% (was down by 23.0% in September).

The median sales price decreased by 6.1% (down 5.4% in September) while the average sales price was unchanged (was up by 9.5% in September). Prices have now stopped increasing and are correcting a bot from their previous values.

The inventory of available townhouses and condos decreased by 6 units from last month to 556 units, which is also down from last October by 16.3%. Current supply of inventory remained unchanged from last month’s 5.3 months. This is 16.3% lower than last year. The St Lucie County townhouse and condo market continues as a sellers’ market, though approaching a balanced one. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers. This market is one of the only Treasure Coast segments to see a drop in inventory for October.

Click here to view or download the full report:
October 2015 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.

October 2015 Monthly Market Detail St Lucie County Townhouses and Condos

Buttonwood Condos November 2015 Market Report

11.30.15 by Gabe Sanders

Buttonwood Condos November 2015 Market Report

In late November 2015, there were 2 condos available for sale in Buttonwood on Hutchinson Island in Stuart FL. These two condos were listed for $595,000 and $825,000 for an average of $710,000 which also equals $309.50 per sq. ft. of living area.

No condos are currently under contract in Buttonwood.

In the past 12 months, 2 condos have sold. Sale prices were $433,500 and $621,000 which averages out to $527,250 or $258.58 per sq. ft. of living area. These two sales sold for an average of 85% of list price and went under contract within 81 days of being listed.

Buttonwood Condos on Hutchinson Island

The Buttonwood Condos on Hutchinson Island are some of the most spacious homes available on the ocean. These condos were built in 1983 and offer only 18 residences for discerning customers interested in a luxury ocean front lifestyle. These condos range in size from a 3 bedroom, 4 bath residences of just under 2,300 sq. ft. of air conditioned space plus balconies down to 2 bedroom, 2 bath with over 1,600 sq. ft.

Buttonwood residents enjoy private access to their own beach on the Atlantic, a heated pol and spa, clubhouse and tennis court. Additional amenities include private garages for all units, a vehicle wash area and bicycle storage.

Buttonwood is a pet friendly building with up to 2 large dogs permitted. No rentals are allowed.

Condo and management fees are just over $800 a month. Buttonwood Condos on Hutchinson Island in Stuart FL is located approximately 1 mile north of the Stuart Causeway.

Search here for all Buttonwood condos for Sale

Links to all Martin County Condos on Hutchinson Island in Stuart and Jensen Beach you may wish to consider:
Angler Cove – Beachwood Villas – Buttonwood – Dune Condominium – Fairwinds Cove – Green Turtle Cove – Hutchinson House –Indian River Plantation Condos – Islander 12 – Jensen Beach Club – Little Ocean Club – Little Ocean Place – Maritimes – Ocean View –Sailfish Point – Sandpebble – Seaside – Suntide

October 2015 Monthly Market Detail St Lucie County Single Family Homes

11.29.15 by Gabe Sanders

October 2015 Monthly Market Detail St Lucie County Single Family Homes

October 2015 Monthly Market Detail St Lucie County Single Family Homes showed basically unchanged closed sales from last year with a troubling reduced number of new pending sales. Closed sales were up by 0.4% (in September they were down by 4.3%) and new sales under contract (new pending sales) decreased by 26.8% (they were down by 16.2% last month).

The median and average sales prices however continue their relentless march higher with increases of 14.1% and 16.1% respectively from last October (For September these numbers were 15.3% and 15.6%).

The increasing prices are one possible reason for the welcome increase of inventory. Active listings increased in October (from last month) by 77 homes to 1,675, though this is still lower than last year’s inventory by 8.6%. The current supply of inventory is 3.6 months (a 7.7% decrease from last year). The Saint Lucie County single family home market remains in a strong sellers market. Hopefully, we will once again see increasing volume of sales as the inventory increases.

Click here to view or download the full report:
October 2015 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.

October 2015 Monthly Market Detail St Lucie County Single Family Homes

Islandia Condos November 2015 Market Report

11.29.15 by Gabe Sanders

Islandia Condos November 2015 Market Report

In late November 2015 there were 9 condos for sale in Islandia. List prices range from $239,000 up to $429,000 for an average list price of $332,055 or $246.50 per sq. ft. of living area.

There are 5 condos currently under contract in Islandia. Listing prices were from $249,900 to $429,900 for an average list price of $323,720 which is $234.03 per sq. ft. of living area. These condos averaged 59 days on market before going under contract.

In the past 12 months, 31 Islandia condos have sold. Sales prices ranged from $177,900 up to $410,000 for an average sales price of $292,799 which is equal to $218.54 per sq. ft. These units sold for an average of 95% of list price and averaged 70 days on market prior to going under contract.

The Islandia Condos of Jensen Beach

The Islandia Condos of Jensen Beach on Hutchinson Island consist of two 20 story buildings that were built in 1982. There are 388 total residences in these two buildings which are called Islandia I and II. Very conveniently located to the north of the Jensen Beach Causeway, and is just a short drive away from downtown Jensen Beach, shopping and restaurants.

Condos in Islandia come in large 3 bedroom, 3 bathroom units with 1,929 sq. ft. of living area plus balconies and 3 bedroom, 2 bathroom units with 1,544 sq. ft. as well as 2 bedroom, 2 bath condos with either 1,437 or 1,228 sq. ft. Islandia residents enjoy wonderful amenities that include 2 Oceanside pools, private beach access, BBQ grilling area, Jacuzzi, tennis and bocce courts, and overflow parking with trailer and RV parking spaces. Interior facilities include a large social area with bar and kitchen, billiards, fitness center and steam sauna. There is an office with on-site management and 24 guard gated security.

Islandia I does not allow pets, while those in Islandia II are allowed one pet under 30 lbs. Both buildings allow rentals with restrictions. The condo association fees at the time this is being written are from $1,420 to $1,950 per quarter.

Those looking for a friendly beach community on Hutchinson Island in Jensen Beach should take a look at the Islandia Condo offerings.

Click here for currently available Islandia Condos for Sale

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

October 2015 Monthly Market Detail Martin County Townhouses and Condos

11.28.15 by Gabe Sanders

October 2015 Monthly Market Detail Martin County Townhouses and Condos

October 2015 Monthly Market Detail Martin County Townhouses and Condos is showing weaker closed activity year to year. Closed sales were down by 5.7% (was down by 13.6% in September) and new sales under contract (new pending sales) were down by 12.9% from October 2014 (decreased by 17.4% in September).

Prices continue to increase, though at a greatly reduced rate from the previous two months. The median sales price was up by 4.0% (was up by 13.7% in September) while the average sales price decreased by 2.2% (was up by 10.2% in September) as compared to October of 2014.

The inventory of available townhouses and condos has increased by 31 units to 373 properties from last month. It’s good to see some increased inventory, though this is still 33.5% less than was available in October of 2014. For October there was a 3.4 month supply of inventory (a 26.5% decrease from last year). Still in a strong sellers market for townhouses and condos for Martin County. We are heading into the slower season for condo sales and I expect to see a little more weakening for our market until after the holidays.

Click here to view or download the full report:
October 2015 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.

October 2015 Monthly Market Detail Martin County Townhouses and Condos

October 2015 Monthly Market Detail Martin County Single Family Homes

11.27.15 by Gabe Sanders

October 2015 Monthly Market Detail Martin County Single Family Homes

The October 2015 Monthly Market Detail Martin County Single Family Homes showed better closed volume from last year but a weaker indication for future sales with the pending numbers. Year to year closed sales were up by 13.4% (was down 0.5% in September). New pending sales decreased by 19% as compared to October of 2014 (decreased by 6.6% in September).

Prices continue their upward march. The median sales price was up by 15.6% from last year (up by 7.1% in September) while the average price increased by 12.3% (was up by 40.5% last month). This upward price trend is a bit troubling as it seems to be at much to high of a pace to be sustainable for the long run. I expect some moderation of these increases in the near future.

The inventory of available single family homes increased from last month by 105 homes to 1162 units this month, though this is still 7.3% less than last October. Current supply of homes is 4.9 months, for September of this year it was a 4.5 months supply. (This is 18.4% decrease from last year). The Martin County single family real estate market remains in a sellers market. Though, with increasing inventory, we are headed towards a more balanced market looking at the future.

Click here to view or download the full report:
October 2015 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.

October 2015 Monthly Market Detail Martin County Single Family Homes

Island Club Condos November 2015 Market Report

11.27.15 by Gabe Sanders

Island Club Condos November 2015 Market Report

In late November 2015 there were only 2 condos for sale in the Island Club on Hutchinson Island. These two condos are listed at $300,000 and $375,000 for an average list price of $337,500 or $232.44 per sq. ft. of living area.

There are no condos currently under contract in the Island Club.

In the past 12 months, 8 condos have sold. Sales prices ranged from $240,000 up to $510,000 for an average sales price of $329,250 which is equal to $210.90 per sq. ft. These units sold for an average of 97% of list price and averaged 79 days on market prior to going under contract.

The Island Club Condos in Jensen Beach

The Island Club Condos of Jensen Beach are also known as the Hutchinson Island Club. This one of a kind condo building was built in 1977 just to the south of the Waveland Public beach on Saint Lucie County to the north of the Jensen Beach Causeway. There are 92 residences in this 11 story building.

The Island Club is unique because it features spectacular ocean views from floor to ceiling windows in all units. All of these condos are also considerably larger than your average oceanfront offering with a number of 2 story 3 bedroom plus den, 3 bathroom condos of 2,524 sq. ft. not including the balconies as well as roomy 2 bedroom, 2 bath condos with 1,452 sq. ft. of living area. Some units have a detached one car garage. Though there is reserved parking and ample guest parking for all.

Amenities in the Island Club are a heated a pool, Jacuzzi, fitness room, kitchen, social area, billiard room, library, bar, BBQ grills, gazebo, sauna and shuffleboard courts. All of this for just over $600 a month condo fees plus some for larger units and those that come with a one car garage.

Sorry, no pets are permitted in the Island Club, but rentals are allowed with some restrictions.

If you’re in the market for unparalleled views from a spacious home on the ocean, the Hutchinson Island Club may be the perfect spot for you.

Click here for currently available Island Club Condos for Sale

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

October 2015 Monthly Market Detail Florida Townhouses and Condos

11.26.15 by Gabe Sanders

October 2015 Monthly Market Detail Florida Townhouses and Condos

The October 2015 Monthly Market Detail Florida Townhouses and Condos showed weaker closed results from last year as prices continue to increase and inventory continues to decrease. Closed sales were down by 0.9% as compared to last months increase of 8.4% and new sales under contract (new pending sales) decreased by 4.2% (In August there was a 5.5% decrease).

Both median and average sales prices continue their increases, with rises of (year to year) 7.2% and 2.4% respectively (in August they were up by 5.1% and 2.9%). The rate of these price increases remain fairly strong, though not quite as strong as earlier in the year.

The inventory decreased by 3.4% from October of last year. For October 2015 we have 5.3 months of inventory (was 5.2 months in September) also was 5.9 from last October. A continued sellers market for now, as a 6 months inventory supply is considered a balanced 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:
October 2015 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.

October 2015 Monthly Market Detail Florida Townhouses and Condos

Riverbend at IRP November 2015 Market Report

11.26.15 by Gabe Sanders

Riverbend at IRP November 2015 Market Report

In November of 2015 there were three condos for sale in the Riverbend community of Indian River Plantation. List prices range from $339,000 to $439,000 for an average list price of $397,666 or $263.60 per sq. ft. of living area.

There is one condo under contract which was listed at $575,000 or $331.41 per sq. ft. of living area. This condo went under contract 1 day after it was listed.

In the past 12 months, 7 condos have sold. Sales prices ranged from $275,000 up to $400,000 for an average sales price of $340,828 which equals $221.31 per sq. ft. These units sold for an average of 93% of list price and averaged 83 days on market prior to going under contract.

Riverbend in Indian River Plantation

The Riverbend condos of Hutchinson Island in the Indian River Plantation complex of Stuart consist of five three story elevator buildings close to the Marriott Resort and full service marina in Indian River Plantation. These units were built between 198 and 1989 with many condos having magnificent wide water views of the Intracoastal Waterway also knows as the Indian River and others with sweeping views of the Indian River Plantation Golf Course and lakes.

There are 86 spacious condos with a mix of three bedroom, three bathroom condos of 1,950 sq. ft. and two bedroom two bath condos ranging in size from 1,366 or 1,735 sq. ft. of living area. This is a pet friendly building with up to two large pets permitted. Riverbend residents enjoy their own community pool for Riverbend resident’s exclusive use. Covered parking is also a plus with either under building parking or private detached garages.

Current condo and management fees are from $1,560 to 1,890 per quarter depending on the size of the condo.

Click here to view available Riverbend Condos for Sale

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.

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. 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.

Search Hutchinson Island Homes For Sale

Individual Indian River Plantation Condos you may wish to consider:
Bayview, Beachwalk, Dunes Club, Fairway Villas, Inlet Village, Lakeside, Ocean House, Ocean Terrace, Plantation Club Villas,Plantation House, Resort Villas, River Village, Riverbend, Riverwood, Tennis Villas

October 2015 Monthly Market Detail Florida Single Family Homes

11.25.15 by Gabe Sanders

October 2015 Monthly Market Detail Florida Single Family Homes

The October 2015 Monthly Market Detail Florida Single Family Homes continues to show improved activity from last year though the pace seems to have moderated a bit from recent months. Closed sales were up by only 1.2% (was up by 13.4% in August) and new sales under contract (new pending sales) were down by 2.5% (was up by 1.0% in August).

Both median and average sales prices continue to rise ( October 2014 to October 2015) by 12.4% and 6.5% respectively, compared to August’s 11.1% and 8.6%. Prices are continuing their upward trend and this seems to be the continuing trend for the foreseeable future.

The inventory of available homes for sale fell by 6.6% from last year. Some high demand areas of Florida have seen decreasing inventory for a number of months now. For October there was only a 4.4 months supply of inventory, this is a sellers market with the advantage for sellers. (October of 2014 had a 5.4 month supply)

Click here to view or download the full report:

October 2015 Monthly Market Detail Florida Single Family Homes

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

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

October 2015 Monthly Market Detail Florida Single Family Homes

Palm Beach County Third Quarter 2015 Real Estate Market Report

11.24.15 by Gabe Sanders

Palm Beach County Third 2015 Quarter Real Estate Market Report

“According to third quarter statistics for Palm Beach County homes, median days on market dropped to an astonishing 36 days, a 33.3 percent decline year-over-year. Buyers had to make fast, educated decisions in order to secure their dream homes due to our declining inventory levels. Purchasing a property, especially in our current market conditions, can be a complicated and stressful process. If you are looking to buy or sell, let a local REALTOR® offer you the guidance you need to feel confident in your decision, said Matt Halperin, 2015 President of the Realtors® Association of the Palm Beaches (RAPB).

Palm Beach County Third Quarter 2015 Real Estate Market Report

The Arbors in Hobe Sound November 2015 Market Report

11.24.15 by Gabe Sanders

The Arbors in Hobe Sound November 2015 Market Report

There are 3 available homes for sale in The Arbors as of November 2015. List prices are $450,000 to $598,000 for an average of $535,000 which equals $196.63 per sq. ft. of living area.

There is one homes under contract which has not completed the sales process. The list price is $429,900 or $193.91 per sq. ft. of living area. This home was on the market for 135 days prior to going under contract.

In the past 12 months, 12 homes have sold in the Arbors. Sales prices ranged from $315,000 to $570,000 for an average sales price of $420,416 which equals $173.80 per s. ft. of living area. These sales averaged at 95% of the listed price and were on the market for an average of 121 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.

Search for all Arbors Homes in Hobe Sound Real Estate

Saint Lucie County Third Quarter 2015 Market Report

11.23.15 by Gabe Sanders

Saint Lucie County Third Quarter 2015 Market Report

“St. Lucie County housing indicators continued their upward trend in the 3rd quarter with increases in median sale price for single family homes, as well as townhouses/condos. In addition, the City of Port St. Lucie has once again received national recognition, helping to spur our growth and expansion. Last week, Port St. Lucie was named one of “America’s 50 Best Cities to Live” according to 24/7 Wall St., a website which offers online analysis and commentary for U.S. and global investors. If you are currently in the market looking to buy or sell your home, I suggest speaking with a local REALTOR® from the REALTORS® of St. Lucie County (RSLC), a division of the Realtors® Association of the Palm Beaches (RAPB), for real insight on the home ownership process, said Kathy J. Slusser, Northern Vice President of the Realtors® Association of the Palm Beaches (RAPB).

Saint Lucie County Third Quarter 2015 Market Report

November 2015 Market Report for Legacy Cove in Stuart Florida

11.23.15 by Gabe Sanders

November 2015 Market Report for Legacy Cove in Stuart Florida

There are currently 3 homes for sale in Legacy Cove in Stuart, FL. Listing prices range from $328,900 to $486,900 for an average listing price of $381,600 or a price per square foot of living area of $151.36.

There are no homes currently under contract

In the past 12 months, 10 homes have sold in Legacy Cove with sales prices ranging from $222,884 to $352,000 for an average sales price of $301,238 or $144.28 per sq. ft. of living area. These sales averaged 95% of list price and went under contract in an average of 71 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.

Search here for Legacy Cove Homes for Sale

For any questions you November have about Locks landing, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Stuart Florida Real Estate

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

November 2015 Market Report for Legacy Cove in Stuart Florida

Martin County Third Quarter 2015 Market Report

11.22.15 by Gabe Sanders

Martin County Third Quarter 2015 Market Report

“In Martin County, we closed out an incredible 3rd quarter where the median sale price of homes rose 8.2 percent to $304,000, and median days on market dropped to 38 days, down 38.7 percent compared to last year. Meanwhile, inventory continued to dry up, down nearly 25 percent to a supply of 4.5 months, which is great news for those who are contemplating selling. For prospective buyers, be aware that we are still firmly in a Seller’s market; however, new listings are up 5.3 percent year-over-year, and if this trend continues, we will find ourselves in a more balanced market. Whether you are buying or selling, seek the expertise of a local REALTOR® who can help you navigate through the obstacles of our current market and understand fair market value,” said John Slivon, Treasurer of the Realtors® Association of the Palm Beaches (RAPB).

Martin County Third Quarter 2015 Market Report

Hobe Sound FL 33455 Condo Market Report October 2015

11.21.15 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report October 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for October 2015

For October 2014 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 4 active condo listings. (Up by 2 condos from September)

0 Condos are pending and awaiting close. (Down by 4 condos from September)

3 Condos sold in September (Increased by 1 condos from September)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. The current inventory doubled from last month, but it’s still only 4 active listings. And, with no pending listings, I’m not expecting any great activity in the coming months until we get some more condos available for sale in Hobe Sound.

The current absorption rate is 1.3 months (Last month it was 1 months). This absorption rate should be taken with a liberal grain of salt, as small changes in activity make for very large changes on percentages that may not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The October 2014 numbers were: 19 active listings, 5 pending sales and 1 closed sales. We actually have better closed sales for this year as compared to last year. But with no inventory and no pending sales it doesn’t look very promising for the future.

Search Hobe Sound Condominium Properties by Price

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Hobe Sound FL 33455 Condo Market Report October 2015

Hobe Sound FL 33455 Residential Market Report October 2015

11.20.15 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report October 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for October 2015

For October 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 172 active listings. (Up by 10 homes from September)

68 Residential sales are pending and awaiting close (Down by 21 homes from September)

44 Homes Sold in October (Up by 12 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County has finally had a couple of months of increased inventory. This was sorely needed as the pool of available homes for sale was getting to a historically low level. And, activity continues to be very strong in this market, even as we approach our slower off season.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped down to 3.9 months (5.1 months in September). Even a stronger sellers’ market for Hobe Sound, after edging closer to a healthier balanced market last month. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for October 2014 were: 250 active listings, 55 pending sales and 58 closed sales. Better closed activity last year, though our pending numbers are higher for 2015. All of this with a considerably reduced inventory.

Search here for Hobe Sound Florida Real Estate for Sale

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Hobe Sound FL 33455 Residential Market Report October 2015

Jensen Beach FL 34957 Condo Market Report October 2015

11.19.15 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report October 2015

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for October 2015

For October 2015 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 24 active listings. (Increased by 2 condos from September)

17 Condo sales are pending and awaiting settlement. (Up by 5 condos from September)

4 Condos Sold (Decreased by 2 condos from September)

The Jensen Beach FL 34957 Condo Market Report October 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic. It was good to see an increase in inventory, though it is still at historically low levels. Activity remains quite strong.

The one month absorption rate for the October 2015, Jensen Beach Florida Market Report ZIP Code 34957 rose to 6 months (from 3.7 months in September), bringing this segment of the Martin County condo market back into a balanced one. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The October 2014 numbers were: 33 active listings, 14 pending sales and 3 condos closed. Overall a slight improvement this year as compared to 2014.

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Jensen Beach Florida Real Estate presented by:
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Jensen Beach FL 34957 Condo Market Report October 2015

Stuart Townhome in River Pines Pending

11.19.15 by Gabe Sanders

Stuart Townhome in River Pines Pending

Spacious 2 bedroom 2 and 1/2 bathroom River Pines townhome has been placed under contract by the Gabe Sanders BlueWater realty team. 5922 SE Riverboat Drive was listed for $149,000.

Located just off the Intracoastal Waterway off of Cove Road in Stuart is the River Pines community. 396 private residences in quad style town-homes. This community was built in 1981 and 1982 and all homes are 1288 sq. ft. of living area with 2 bedrooms and 2 and ½ baths. There are large private courtyards for each home, some of which the residents have enclosed for added living area.

Only a short walk or bike ride to the Saint Lucie River with access for kayak launch. Boat ramps also nearby. All ages are welcome and 2 small pets are permitted. Each home has 2 reserved parking spots with additional guest parking. Amenities include 2 Community pools, tennis courts and racquetball/handball courts. There’s also a private preserve adjacent to the Intracoastal available exclusively for residents use.

A very well run community with excellent financials. Residents have the option of joining the Miles Grant golf club (just across the street).

As of May, 2014 HOA fees were $160 per month.

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Stuart Townhome in River Pines Pending

Stuart Townhome in River Pines Pending

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