Stuart FL 34997 Residential Market Report April 2015

05.18.15 by

Stuart FL 34997 Residential Market Report April 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for April 2015

 

There are currently 315 active listings (Decreased by 46 homes from March).

Stuart FL 34997 Residential Market Report April 2015

223 Residential sales are pending and awaiting close or lender approval (Increased by 12 homes from March).

Stuart FL 34997 Residential Market Report April 2015

98 Homes Sold in April (Increased by 11 homes from March)

Stuart FL 34997 Residential Market Report April 2015

      The Stuart Florida Residential Market for ZIP Code 34997 continues to outperform most other Stuart FL areas in the single family real estate market.  Our inventory took a major drop as sales are going faster than homeowners are willing to list on the market.  Both pending sales and closed sales were up and well priced new listings are going off the market very quickly.
     The current one month absorption rate increased to 3.2  months (was 4 months for March).  Moving to even a stronger seller’s 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 2014 numbers for April, were: 404 active listings, 190 pending listings and 61 closed sales.  Much stronger activity for 2015, even with a considerably reduced inventory.
Stuart FL 34997 Residential Market Report April 2015

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Stuart FL 34997 Residential Market Report April 2015

 

The Arbors in Hobe Sound May 2015 Market Report

05.18.15 by

The Arbors in Hobe Sound May 2015 Market Report

There are only 2 active listings for homes for sale in The Arbors as of May 2015.  List prices are $327,900 and $425,000 for an average of $376,450 which equals $185.77 per sq. ft. of living area.

There are three homes under contract which have not completed the sales process.  Listing prices were from $365,000 to $457,000 for an average of $409,000 or $185.00 per sq. ft. of living area.

In the past 12 months, 8 homes have sold in the Arbors.  Sales prices ranged from $294,900 to $570,000 for an average sales price of $438,987 which equals $172.oo per s. ft. of living area.  These sales averaged at 95% of the listed price.

The Arbors in Hobe Sound FL

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.

The Arbors in Hobe Sound FL  The Arbors in Hobe Sound FL

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 in Hobe Sound FL The Arbors in Hobe Sound FL

The Arbors is a wonderful place to call home.

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Stuart FL 34996 Condo Market Report April 2015

05.17.15 by

Stuart FL 34996 Condo Market Report April 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for April 2015

For April 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 110 active condo listings (Unchanged from last month).

Stuart FL 34996 Condo Market Report April 2015

55 Condo sales are pending and awaiting close or lender approval (Decreased by 6 condos from March).

Stuart FL 34996 Condo Market Report April 2015

23 Condos Sold in April (Decreased by 13 condos from March) 

Stuart FL 34996 Condo Market Report April 2015

The Stuart FL 34996 Condo Market was very strong for April.  Activity eased slightly from last month’s hot pace, but this is still a strong market with a lot of activity.  While both pending and closed sales were off from last month, this is still a hot area for Stuart condos.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 4.8 months from March’s 3.1 months .  Still a strong sellers market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for April 2014 were: 142 active listings, 46 pending sales and 41 closed sales.  Better closed activity for last year, but with considerably more inventory.  Also, better pending activity this year, which may mean good sales activity in the coming months.

Stuart FL 34996 Condo Market Report April 2015

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Stuart FL 34996 Condo Market Report April 2015

Stuart FL 34996 Residential Market Report April 2015

05.16.15 by

Stuart FL 34996 Residential Market Report April 2015

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for April 2015

 

For April 2015 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 173 active listings (Up by 6 homes from March).

Stuart FL 34996 Residential Market Report April 2015

29 Residential sales are pending and awaiting close or lender approval (Down by 8 homes from March).

Stuart FL 34996 Residential Market Report April 2015

18 Homes Sold in April (Decreased by 3 homes from March).

Stuart FL 34996 Residential Market Report April 2015

The 34996 zip code area of the Stuart Florida residential real estate market retreated from the improved numbers of last month.  Both pending sales as well as closed sales were off for the month as compared to March.  A little bit of a disappointing report especially when looking at our other Stuart markets.

The one month absorption rate for the 34996 zip code area of Stuart Florida for April increased to 9.6 months as compared to March’s 7.9 months.  Drifting to even a stronger buyers’ market.  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 2014 were: 186 active listings, 52 pending sales and 11 closed sales.  Better sales activity this year, but the pending sales are off as compared to last year, which may mean slower sales in the immediate future.

Stuart FL 34996 Residential Market Report April 2015

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Stuart FL 34996 Residential Market Report April 2015

Stuart FL 34994 Condo Market Report April 2015

05.15.15 by

Stuart FL 34994 Condo Market Report April 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for April 2015

For April 2015 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 93 active condo listings (Decreased by 2 condos from March).

Stuart FL 34994 Condo Market Report April 2015

40 Condo sales are pending and awaiting close or lender approval. (Decreased by 6 condo from last month) 

Stuart FL 34994 Condo Market Report April 2015

19 Condos Sold in April (Unchanged from March).

Stuart FL 34994 Condo Market Report April 2015

The Stuart FL 34994 Condo market showed strong activity for April 2015.  Very similar activity to last month with a drop in pending sales which may indicate a decrease in future closed sales.

The one month absorption rate decreased to 4.9 months compared to last month’s 5.0.  Continuing as a seller’s market.  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 111 active listings, 56 pending sales, and 23 closed sales. For the 34994 zip code area of Stuart, this year’s activity is not quite as robust as it was for April 2014.

Stuart FL 34994 Condo Market Report April 2015

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Stuart Florida Market Report ZIP Code 34994 – Condo, April 2015

Stuart Florida Market Report ZIP Code 34994 Residential April 2015

05.14.15 by

Stuart Florida Market Report ZIP Code 34994 Residential April 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for April 2015

For April, 2015 in the 34994 Zip Code area of Stuart, Florida :

There are currently 68 active listings (Decreased by 8 homes from March)

Stuart Florida Market Report ZIP Code 34994 Residential April 2015

33 Residential sales are pending and awaiting close or lender approval (Decreased by 12 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential April 2015

21 Homes Sold in March (Up by 5 homes from March)

Stuart Florida Market Report ZIP Code 34994 Residential April 2015

The 34994 ZIP code area of the Stuart, Florida showed continued strong activity, but unfortunately the inventory is dropping to very low levels and this is reflected in the decreasing number of pending sales.  A possible indication of future slower closed activity.

The one month absorption rate for the 34994 zip code for April decreased to 3.2 months from last months 4.8 months, even a stronger seller’s market for April.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The April 2014 numbers were 74 Active Listings, 24 pending sales and 15 closed sales.  Better overall activity for this year as compared to April of 2014.

Stuart Florida Market Report ZIP Code 34994 Residential April 2015

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Stuart Florida Market Report ZIP Code 34994 Residential April 2015

Sewalls Point Single Family Market Report April 2015

05.13.15 by

Sewalls Point Single Family Market Report April 2015

Sewalls Point Real Estate Snapshot, Residential Sales for April 2015

 

There are currently 79 active listings (Increased by 7 homes since last month)

Sewalls Point Single Family Market Report April 2015

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

Sewalls Point Single Family Market Report April 2015

6 Homes sold in April (Increased by 3 homes from March)

Sewalls Point Single Family Market Report April 2015

The Sewalls Point single family homes market activity remains challenging for sellers.  Though buyers have some excellent choices and opportunities at the present time.  Closed sales doubled from last month, though the inventory is quite high and pending sales decreased.

The current absorption rate dropped to 13.2 months, in March it was 24 months. Much improved from last month, but still a buyer’s market.  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 58 homes on the market, 13 pending sales and there were 5 closed sales.  Other than 1 additional closed sale this year, last years activity was better when considering the lower inventory.

Sewalls Point Single Family Market Report April 2015

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Sewalls Point Single Family Market Report April 2015

 

May 2015 Market Report for Ocean Bay Villas on Hutchinson Island

05.08.15 by

May 2015 Market Report for Ocean Bay Villas on Hutchinson Island

As of May 5, 2015 there are 4 available homes in the Ocean Bay Villas community on Hutchinson Island, FL.  List prices are from $369,000 to $595,000, for an average of $195.89 per sq. ft. of living area.

There are no current pending sales.

There have been 5 closed sales in the past 12 months.  Sales prices ranged from $245,000 to $530,000.   Sales prices averaged out at $153.33 per sq. ft. of living area.  One of these sales was a short sale.  The other four were non-distressed sales.

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 2015 Market Report for Ocean Bay Villas on Hutchinson Island

May 2015 Market Update for Island Dunes Condos on Hutchinson Island

05.07.15 by

 May 2015 Market Update for Island Dunes Condos on Hutchinson Island

May 2015 Market Update for Island Dunes Condos on Hutchinson Island in Jensen Beach, FL

There are currently 16 active listings on the market in Island Dunes at prices ranging from $168,900 to$725,000 for an average list price of $397,525 which equals $258.70 per square ft. of living area.

There are 5 condos under contract awaiting closing listed from $164,900 to 759,000 at an average list price of $410,960 which is a per square ft. of living area price of $236.32

In the past 12 months, 34 condos have sold ranging in sales prices from $138,000 to $769,000 with an average sales price of $384,588 which equals $233.38per square foot of living area.  These sales averaged 95% of the final listing prices.

Island Dunes

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.

 Island Dunes

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.

 Island Dunes

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May 2015 Market Update for Island Dunes Condos on Hutchinson Island

 

May 2015 Market Update for Ocean House in Indian River Plantation

05.06.15 by

May 2015 Market Update for Ocean House in Indian River Plantation

May 2015 Market Update 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 with list prices of $469,000 and $499,900 which equates to $399.90 per square ft. of living area.

There is 1 condo under contract awaiting settlement.  It was listed for $899,000 or $597.34 per sq. ft. of living area.

In the past 12 months, there have been no sales of any condos in Ocean House.

Ocean House in Indian River Plantation

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 in Indian River Plantation

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.

Ocean House in Indian River Plantation

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.

Ocean House in Indian River Plantation

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:

Ocean House in Indian River Plantation

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.

Ocean House in Indian River Plantation

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.

May 2015 Market Update for Ocean House in Indian River Plantation

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May 2015 Market Report for Legacy Cove in Stuart Florida

05.05.15 by

May 2015 Market Report for Legacy Cove in Stuart Florida

There are currently 6 homes for sale in Legacy Cove in Stuart, FL.  Listing prices range from $270,000 to $385,000 for an average listing price of $336,108 or a price per square foot of living area of $163.36.

There is only 1 home currently under contract awaiting settlement.  The list price is $327,900 or $131.58 per sq. ft. of living area.  This is not a distressed sale.

In the past 12 months, 21 homes have sold in Legacy Cove with sales prices ranging from $238,500 to $463,100 for an average sales price of $333,205 or $140.20 per sq. ft. of living area.  These sales averaged 96% of list price.  There was only one bank owned foreclosure in these sales and no shot sales.

Legacy Cove in Stuart FL

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.

Legacy Cove in Stuart FL

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 in Stuart FL

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 in Stuart FL

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.

Legacy Cove in Stuart FL

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

Legacy Cove in Stuart FL

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 2015 Market Report for Legacy Cove in Stuart Florida


May 2015 Market Report for River Pines in Stuart FL

05.04.15 by

May 2015 Market Report for River Pines in Stuart FL

As of may 2015, there are 7 active listings for River Pines townhomes for sale in Stuart, FL.  Prices range from $109,140 to $139,900 which equals an average price of $124,055 or $93.77 per sq. ft. of living area. There is one short sale among these 7 homes.

There are 7 homes under contract awaiting sale.  List prices are from $96,000 to $139,900 for an average list price of $119,171 or $92.52 per sq. ft. of living area.  There is one short sale and one foreclosure among these pending sales.

In the past 12 months, 34 townhouses have sold in River Pines with sales prices ranging from $80,000 to $132,7,000 at an average sales price of  $105,685 which equals $81.29 per sq. ft. of living area.  These homes sold at an average of 97% of list price.  Of these sales, there was one short sale and 5 banl owned foreclosures.

River Pines Townhomes

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.

River Pines in Stuart FL

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.

River Pines in Stuart FL

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

River Pines in Stuart FL

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

River Pines in Stuart FL

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May 2015 Market Report for River Pines in Stuart FL

March 2015 Monthly Market Detail St Lucie County Townhouses and Condos

04.30.15 by

March 2015 Monthly Market Detail St Lucie County Townhouses and Condos

The March 2015 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors retreated a bit after an active February.  Closed sales were up by 2.5% (was up by 19.5% in February) while new sales under contract (new pending sales) increased by 1.2% (was up by 5.7% in February).

The median sales price decreased by 14.8% (up 71.3% in February) and the average sales price decreased by 7.7% (was up by 41.8% in February). Frankly, I don’t understand some of the wild price swings being reported for St. Lucie County and have asked those compiling the data to double check some of these figures..

The inventory of available townhouses and condos decreased by 4 units from last month to 684 properties, which is also down from last March by 26.5%. Current supply of inventory remained at 6.4 months, the same as February. This is 30% lower than last year. The St. Lucie County townhouse and condo market remains in a balanced market showing no advantage to either buyers or sellers.

March 2015 Monthly Market Detail St Lucie County Townhouses and Condos

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March 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.

March 2015 Monthly Market Detail St Lucie County Townhouses and Condos

March 2015 Monthly Market Detail St Lucie County Single Family Homes

04.29.15 by

March 2015 Monthly Market Detail St Lucie County Single Family Homes

March 2015 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors is showing some continued softening of the market, though prices continue to rise quite strongly.  Closed sales were up by 3.8% (in February they were down by 9.5%) and new sales under contract (new pending sales) decreased by 15% (they were down by 0.5% last month).

Both median and average sales prices continue their rise by 15.4% and 20.3% respectively from last March (For February these numbers were 15.2% and 18.9%).  These price increases, while good news for sellers, are having a negative effect on the volume of sales.

The inventory of active listings increased in March (from last month) by 94 homes to 1,733, and this is  lower than last year’s inventory by 22.4%.  The current supply of inventory is only 3.6 months (a 30.3% decrease from last year). The Saint Lucie County single family home market remains in a very strong sellers market.  We are seeing a reduction in volume of sales because there isn’t enough inventory available on the market.  This is also a factor of why prices are rising as rapidly as they are.  As prices continue to rise, I expect to see an increase of St Lucie County single family homes for sale coming on the market.

March 2015 Monthly Market Detail St Lucie County Single Family Homes

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

March 2015 Monthly Market Detail St Lucie County Single Family Homes

Emerald Lakes Townhouse Stuart FL Under Contract

04.29.15 by

Emerald Lakes Townhouse Stuart FL Under Contract

Under contract in 22 days, this Emerald Lakes townhouse is now pending.  Ask the BlueWater realty team about Stuart FL townhouse sales.

Updated Emerald Lakes Townhouse

A beautifully updated Emerald Lakes townhome featuring a modified open kitchen with granite countertops and newer appliances (2 years old). This 2 BR, 2 and 1/2 Bath townhouse has lake views from both bedrooms.  Only a short walk to one of two community pools and tennis courts.  This townhouse has new carpets, new washer and dryer and new hurricane and impact resistant PGT sliding windows. Dual sinks and Corian counters in the master bathroom. 2 assigned parking spaces plus ample guest parking. A great location close to shopping, beaches, restaurants, medical facilities and historic downtown Stuart. Emerald Lakes is available for all ages and 2 pets under 40 lbs. are permitted. A wonderful opportunity for an affordable Stuart home.  The list price for this Emerald Lakes townhouse is $144,900.

Updated Emerald Lakes Townhouse Updated Emerald Lakes Townhouse

The community of Emerald Lakes lies in the Port Salerno area of Stuart, Florida and consists of 400 2 and 3 bedroom townhomes and 130 single family villas.  The town homes and villas are governed by two separate home owners association yet share many of the same amenities.

 Updated Emerald Lakes Townhouse SAMSUNG DIGITAL CAMERA

Spread out over 100 acres of beautiful Florida landscape, with 3 ‘Emerald Lakes’, miles of walking paths, 7 tennis courts, 3 heated pools and two club houses.  Very conveniently located within walking distance of a Publix Grocery store, Beall’s, Walgreen’s, Banks, Gold’s Gym, etc.

Updated Emerald Lakes Townhouse

Just a few miles away are numerous Golf Courses, Martin County’s famous waterways, marinas  and beaches  and also within minutes of I-95 for easy access to locations both north and south.  Fort Lauderdale is only a little over an hour to the south and Disney World is just over 2 hours to the north.  A perfect location!

Updated Emerald Lakes Townhouse

Residents of Emerald Lakes enjoy the good life with low HOA fees and an excellent management staff for both Home Owners’ Associations.

Currently Available Homes and Town Homes in Emerald Lakes

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Emerald Lakes Townhouse Stuart FL Under Contract

March 2015 Monthly Market Detail Martin County Townhouses and Condos

04.28.15 by

March 2015 Monthly Market Detail Martin County Townhouses and Condos

March 2015 Monthly Market Detail Martin County Townhouses and Condos came back strong for March after a fairly weak February.  Year to year closed sales were up by 21.7% (was up by 4.6% in February) as well as new sales under contract (new pending sales) increased by 22.1% from March 2014 (was up by 8.7% in February).

The median sales price was up by 13.2% (was up by 15.6% in February) while the average sales price increased by 7.8% (was up by 5.3% in February) as compared to March of 2014.  Continuing a trend of steady increases in values for Martin County.

The inventory of available townhouses and condos has decreased by 47 units to 461 properties from last month, this is 25.6% less inventory than was available in March of 2014.  For March there was a 4.2 month supply of inventory (a 32.3% decrease from last year).  A very strong sellers market for townhouses and condos in Martin County.  Buyers are in need of additional inventory for their potential purchases.

Martin County Townhouses and Condos

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

March 2015 Monthly Market Detail Martin County Townhouses and Condos

March 2015 Monthly Market Detail Martin County Single Family Homes

04.28.15 by

March 2015 Monthly Market Detail Martin County Single Family Homes

The March 2015 Monthly Market Detail Martin County Single Family Homes began the year with some very strong activity, and for March, it is showing continued very strong growth.  Year to year closed sales was up by 41.6% (was up 46.6% in February). New pending sales increased by 35.8% as compared to March of 2014 (increased by 31.9% in February).

The median sales price was up by 3.6% from last year (up by 6.9% in February) while the average price increased by 33.3% (was down by 16.2% last month).  Surprisingly strong increase in the average price after a setback last month.

The inventory of available single family homes decreased from February 2015 by 26 homes to 1,368 units this month, and this is a 4.5% decrease from last March.  Current supply of inventory decreased to 6.1  months from February’s 6.3 months supply. (A 19.8% decrease from last year). Martin County single family home sales remain in a balanced market favoring neither the buyer nor seller.

Martin County Single Family Homes

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

March 2015 Monthly Market Detail Martin County Single Family Homes

March 2015 Monthly Market Detail Florida Townhouses and Condos

04.26.15 by

March 2015 Monthly Market Detail Florida Townhouses and Condos

The March 2015 Monthly Market Detail Florida Townhouses and Condos continued a second month of very strong activity after a weak start to 2015.  Closed sales were up by 13.7% as compared to last months increase of 7.4% and new sales under contract (new pending sales) increased by 6.5% (February’s increase was 7.5%).

Both median and average sales prices also continue to rise.  Increases of (year to year) 8.6% and 7.5% respectively (in February they were up by 8.3% and 6.6%).  Excellent gains for sellers in the Florida market.  Buyers should consider making their move earlier than later if at all possible.

The inventory increased by 2.1% for March.  This was the third month of increasing inventory after two months of flat numbers. For March 2015 we have a 6.1 months of inventory (was 6.2 months in February) which is up from 6.0 from last year.  Essentially a balanced real estate market as a 6 months inventory supply is considered a balanced market.

Florida Townhouses and Condos

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
March 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.

March 2015 Monthly Market Detail Florida Townhouses and Condos

March 2015 Monthly Market Detail Florida Single Family Homes

04.25.15 by

March 2015 Monthly Market Detail Florida Single Family Homes

The March 2015 Monthly Market Detail Florida Single Family Homes had some very impressive gains from last year.  Closed sales were up by 24.6% (was up by 19% in February) and new sales under contract (new pending sales) increased by 7% (was up by 14.7% in February).

Both median and average sales prices continue to rise ( March 2014 to March 2015) by 9.2% and 5.5% respectively, compared to February’s 9.1% and 0.7%.  Prices are continuing to rise, though we are seeing some moderation in some areas of Florida.

The inventory of available homes for sale rose by 0.6% from last year. This is now a full 18 months of increased inventory.  The rate of inventory increases has declined significantly from previous months and this is an important statistic to watch for the future. For this month there was only a 5.1 months supply of inventory, this is a sellers market with the advantage for sellers. (March of 2014 had a 5.3 month supply)

Florida Single Family Homes

Click here to view or download the full report:

March 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.

March 2015 Monthly Market Detail Florida Single Family Homes

Fairwinds Cove Condos in Jensen Beach April 2015 Market Update

04.23.15 by

Fairwinds Cove Condos in Jensen Beach April 2015 Market Update

Fairwinds Cove Condos in Jensen Beach, FL., Market Update for April 2015:


There are currently 3 active listings on the market ranging in price from $179,000 to $189,995 for an average of $186,997 which comes out to $154.42 per square ft. of living area.  None of these sales are distressed properties (short sales or bank owned condos).

There are 2 condos currently under contract at this time.  The list prices are $169,900 and $172,000 for an average of $170,950 and $140.30 per sq. ft. of living area.  One of these sales is a short sale.

In the past 12 months, 9 condos have sold ranging in sales prices from $155,000 to $475,000 with an average sales price of $218,555 which is $154.83 per square foot and a list to sales price ratio of 95%.   There were no distressed sales in these closed sales.  The highest priced sale was a combined double unit.

Fairwinds Cove Condos in Jensen Beach

Aerial View of Fairwinds Cove

Fairwinds Cove Condos in Jensen Beach

Entrance to Fairwinds Cove

Located in beautiful Jensen Beach, Florida on the East side of the Jensen Beach Causeway is Fairwinds Cove.  A waterfront condo complex of 10 four story buildings with only 4 suites per floor.  Many of these condos with wonderful sweeping views of the Indian River (the Intracoastal Waterway that runs through Martin County).
Fairwinds Cove Condos in Jensen Beach

Pool at Fairwinds Cove

Fairwinds Cove Condos in Jensen Beach

Docks of Fairwinds Cove

This condo complex built in multiple phases from 1974 to 1983 boasts two swimming pools, tennis courts, shuffleboard, waterside walking paths, a recently refurbished clubhouse with full kitchen, meeting room, fitness room, billiards and more.  Fairwinds Cove also has deeded docks with great access to fishing, water sports and only a few minutes to the crystal clear waters of the Atlantic Ocean.

Fairwinds Cove Condos in Jensen Beach

Fairwinds Cove

Fairwinds Cove is a non-age restricted community that allows one small pet.  There is a strong sense of community with many long time seasonal and full time residents.  Located within an easy walk to the beach and just a short drive to charming downtown Jensen Beach  as well as the many amenities offered in Martin County, Florida.

Fairwinds Cove Condos in Jensen Beach

Fitness Room of Fairwinds Cove