Sewalls Point Single Family Market Report August 2014

09.11.14 by

Sewalls Point Single Family Market Report August 2014

Sewalls Point Real Estate Snapshot, Residential Sales for August 2014

 

There are currently 41 active listings (Down by 7 homes from July)

Sewalls Point Single Family Market Report August 2014

 

8 Residential sales are pending and awaiting close or lender approval (Down by 5 homes from last month)

Sewalls Point Single Family Market Report August 2014

7 Homes sold in August (Increased by 2 homes from July)

Sewalls Point Single Family Market Report August 2014

 The Sewalls Point single family homes market activity for August 2014 had a nice increase in closed sales for the month.  Unfortunately pending sales were off which is an indication of possible slower activity in the near future. Also, somewhat troubling is the decrease in inventory, now down for four months in a row.

The absorption rate is currently 5.6 months, considerably improved over last months 9.6 and now Sewalls Point is in a sellers 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 August of 2013, the inventory was 46 homes on the market, 6 pending sales and there were 7 closed sales.  Similar numbers to last year, but with less inventory.

Sewalls Point Single Family Market Report August 2014

Sewalls Point, FL Real Estate

 

Sewalls Point Florida Real Estate presented by:
the Gabe Sanders real estate team

 

Sewalls Point Single Family Market Report August 2014

 

Rustic Hills Palm City FL September 2014 Market Update

09.10.14 by

Rustic Hills Palm City FL September 2014 Market Update

There are currently 10 homes available for sale in Rustic Hills.  Listing prices range from $249,900 to $697,500 for an average list price of $367,600 which is $194,44 per sq. ft. of living area.  There are nos short sales or bank owned foreclosures in this group of active listings.

There are 2 homes under contract awaiting sales.  List prices are $190,000 and $225,000 for an average of $106.17 per sq. ft. of living area.  One of these sales is a short sale.

In the past 12 months, 12 Rustic Hills homes have sold.  Sales prices ranged from $157,000 to $565,000 for an average sales price of $330,825 which equates to $152.23 per sq. ft. of living area at a 94% sales to list price ratio.  These sales included 3 foreclosures.  (No short sales.)

 

Covered Bridge, Rustic Hills, Palm City, Florida

Originally a popular fishing camp, Rustic Hills in Palm City, Florida is a quaint waterfront enclave of 178 home sites geared for families who also enjoy boating.All homes have canal frontage with dockage, except for 10 homes/lots, which have deeded spaces for docks.A wonderful entrance through the ‘covered bridge’ allows entry into Rustic Hills.Great families and good neighbors through a series of winding one lane roads that make this neighborhood unique in today’s fast paced life styles.Some homes still have the outward character of the old fishing camp lodges, but most have been completely remodeled or even re-built to today’s standards.

Rustic Hills, Palm City, Florida, Canals

Truly a ‘rustic’ area, but close to shopping, Palm City’s‘A’ rated schools, beaches and all modern amenities.Only a short ride by boat to the wide Saint Lucie River and an additional few minutes to the Saint Lucie Inlet and the beautiful Atlantic Ocean.

Rustic Hills, Palm City, Florida Homes for Sale

There are a number of exceptional opportunities for the prospective home buyer in Rustic Hills.


Search for currently available homes in Rustic Hills, Palm City, Florida


the Gabe Sanders real estate team

Stuart Florida Real Estate

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

Search the Martin County MLS

Search the Martin County MLS

Call 772-323-6996 or 1-866-899-7977 for information

South Fork Estates Market Update for September 2014

09.09.14 by

South Fork Estates Market Update for September 2014

There are currently two homes for sale in South Fork Estates in Stuart FL.  The listing prices are $339,900 and $349,000 which equate to $170.98 per sq. ft. of living area.

There is one home under contract.  The list price was $319,900 which is equal to $142.24 per sq. ft. of living area.  This is a conventional sale.

In the past 12 months, there have been 2 sales in South Fork Estates.  Sales prices ranged from $275,000 to $299,900.  The average sales price per square foot of living area was $140.52 and this represents an 89% sales to list price ratio.  Neither of these sales were distressed properties.

Aerial of South Fork Estates in Stuart FL
A unique private community in Stuart, Florida built before land was so expensive that homes had to be placed on top of each other.  All home in South Fork Estates are on 1/2 acre or larger lots, many with serene views of two large lakes located within this community.  Those homes not on the lakes have private preserve views of the Atlantic Ridge.  

Home in South Fork Estates in Stuart FL
There are 114 homes in South Fork Estates.  Homes were built from 1992 through as late as 2011.  The majority of the homes are in the 1998 through 2005 years.  Most homes are either 3 or 4 bedrooms with 2 and 3 car garages, ranging in size from around 2,000 sq. ft. of living area to over 3,500.  There are still a few residential lots that are vacant awaiting a home.

Lake in South Fork Estates in Stuart FL

This is a close-knit community with a playground as well as a boat and RV storage area.  Low Homeowners’ association fees of under $50 per month at the time of this writing.

Home in South Fork Estates in Stuart FL

Children living in South Fork Estates attend Crystal Lake Elementary, David L Anderson Middle and South Fork High Schools.  

Pool View from South Fork Estates in Stuart FL

Located just off Cove Rd. and Kanner Highways, this community is just minutes from I-95 for commuters.  Shopping and medical facilities are also close by.  And, there are numerous choices for boating access also only a short ride away.

South Fork Estates in Stuart FL - RV and Boat Lot

One of the hidden gems of the Stuart area, South Fork Estates id a great community to call home.

Here are the currently available homes for sale in South Fork Estates

Search for Martin County Real Estate

South Fork Estates Market Update for September 2014

September 2014 Market Update for Martins Crossing

09.08.14 by

September 2014 Market Update for Martins Crossing

There are currently 10 homes for sale in Martins Crossing.  Prices range from $158,000 to $379,000 for an average list price of $277,508 which is $122.03 per sq. ft. of living area.  None of the current listings are short sales or bank owned foreclosures.

There are nine homes under contract.  List prices range from $140,000 to $314,900 for an average of $208,155 at $110.71 per sq. ft. of living area.  Of these pending sales, one is a short sale.

In the past twelve months,31 homes have sold in Martins Crossing.  Sales prices ranged from $125,000 to $308,500 for an average of $209,900 which equates to $100.71 per sq. ft. of living area at a 96% sales to list price ratio.  Of these sales 6 were short sales and six were bank owned foreclosures.

Located in the intimate, yet vibrant, city of Stuart near a variety of fine restaurants, cultural outlets and shopping.  September 2014 Market Update for Martins Crossing, boasts of  596 residences with a stunning variety of single family homes and a section of private town homes. This family friendly community was completed around 2006 with mostly newer homes.

September 2014 Market Update for Martins Crossing community amenities include lush landscaping and with private preserve views,  The Martins Crossing Clubhouse has a sparkling resort style pool, and over sized deck, tennis courts and a playful tot lot all nearby.

September 2014 Market Update for Martins Crossing is conveniently located by Kanner Hwy. and Pomeroy Street for easy access to Historic Downtown Stuart, the beaches and waterways of Martin County, restaurants, shopping and quick access to I-95.  All this in a wonderful ‘A’ rated school system.

Search for Martins Crossing Homes for Sale

View all of our Listings

Stuart Florida Estate is presented by:

the Gabe Sanders real estate team

September 2014 Market Update for Martins Crossing

September 2014 Market Update for Oak Ridge in Palm City

09.07.14 by

September 2014 Market Update for Oak Ridge in Palm City

There are currently 4 homes available for sale in Oak Ridge in Palm City, FL.  The list prices range from $325,000 to $789,900 for an average price of $461,125 which is $173.89 per sq. ft. of living area.  None of these are distressed sales. (short sales or foreclosures)

There are 2 homes under contract and awaiting sale dates.  List prices are $250,000 to $350,000.  The average is $300,000 $124.30 per sq. ft. of living area.  One of these pending sales is a short sale.

14 homes have sold in Oak Ridge in the past 12 months.  Sale prices ranged from $235,000 to $380,000.  The average sold price was $314,178 which is $142.29 per sq. ft. of living area and a list to sales ratio of 97%.  There was one short sale and one bank owned foreclosure in these sales.

Oak Ridge in Palm City, FL

Located in a quiet tranquil corner of Palm City Florida, the Oak Ridge community of 224 homes is conveniently located close to top rated schools, shopping, I-95 and Florida’s Turnpike, golf courses, cultural activities, parks and beaches. Linked with tree lined streets and cul-de-sacs, homes are located on preserves or water front on lakes or ocean access canals. Enhanced private homesites within a traditional community setting. The gated neighborhood of Oak Ridge offers a 2000 sq. ft. club house, pool, two lighted tennis courts and a deep water ocean access boat ramp. Each house is ideally situated on a lake or preserve property.

Oak Ridge in Palm City, FL


There is a mandatory Home Owners Association with reasonable quarterly dues which cover Basic Cable TV, Landscaping and Maintenance of all Common Areas, Gate Maintenance, Property Manager & Reserve Funds.

Residents of Oak Ridge are in the Martin County School system and currently the assigned schools are Bessey Creek Elementary, Hidden Oaks Middle and Martin County High School.

Only minutes to Pendarvis Cove Park on the shores of the Saint Lucie River. Additional boat ramp and trailer parking and home of the sailing club.

Other close by amenities include lots of great shopping, easy access to Florida’s Turnpike and I-95. Only 15 minutes to the shores of the Atlantic Ocean. Give us a call if you’d like additional information about this wonderful Palm City community.

 

Search for Homes for Sale in Oak Ridge in Palm City, FL

September 2014 Market Update for Castle Hill Sewalls Point

09.06.14 by

September 2014 Market Update for Castle Hill Sewalls Point

There are currently two homes for sale in Castle Hill.  The listing prices are $639,900 and 2,450,000.  This averages to  $416.80 per sq. ft. of living area.

There are currently no homes under contract, pending a sale.

In the past 12 months, there have been no sales in Castle Hill.  

Castle Hill Gate

Castle Hill is an exclusive enclave of 46 homes and lots in prestigious Sewall’s Point in Stuart Florida.

This community sits in an unparalleled location only minutes from beaches and equidistant from both the Jensen Beach and Stuart causeways.  Close to marinas and launch facilities as well as shopping, restaurants and schools.

Water views

Residents of Castle Hill enjoy the good life with low HOA fees and a quiet family friendly neighborhood for year round Florida living.  Homes range from multi million waterfront properties high on the deep Saint Lucie River to half acre and larger dry home fronts with homes now starting in the high $400,000’s.

Castle Hill was established in the early 1990’s and remains one of the prime locations to call home on the Treasure Coast.

Castle Hill Home

Here are the currently available homes for sale in Castle Hill

Search for Martin County Real Estate

 


September 2014 Market Update for Castle Hill Sewalls Point

Plantation at Sewalls Point September 2014 Market Update

09.05.14 by

Plantation at Sewalls Point September 2014 Market Update

In September of 2014 there is one waterfront home listed in the Plantation at Sewalls Point.  The list price is $1,695,000 which equals $952.25 per square foot of living area.

There are no homes under contract at present in the Plantation at Sewalls Point.

In the past 12 months, there have been no sales in the Plantation at Sewalls Point.

Aerial of the Plantation at Sewalls Point

 

The Plantation at Sewalls Point is an exclusive private community of only 21 home sites.  There are 10 large estate sized waterfront lots with deep water docks and views of the Saint Lucie River some with magnificent waterfront views of the Saint Lucie River.  11 smaller non-waterfront home-sites on 1/2 to 1 acre sites.  All homes were custom built by individual contractors/builders from 1994 to the early 2000’s.  Plantation Home 4

Some of Martin County’s most elegant homes can be found in the Plantation at Sewalls Point. Conveniently located close to Indian Riverside Park, the United States Olympic Sailing Center, Deep Water marinas, restaurants, shopping and all of this within an ‘A’ rated school system.Plantation Home 2

The HOA fees depend on the size of the property and range from around $900 a quarter to $1,400.  The Plantation at Sewalls Point is one of the most prestigious communities in Martin County and the Treasure Coast of FL.

Plantation Home 1

Entrance

Search here for homes for sale in the Plantation at Sewalls Point, Florida

Search for Martin County Real Estate

Plantation at Sewalls Point September 2014 Market Update

 

September 2014 Market update for Islesworth in Palm City FL

09.04.14 by

September 2014 Market update for Islesworth in Palm City FL

There is currently only 1 home actively listed in Islesworth in Palm City, Florida.  The list price is $289,900 which represents $140.93 per sq. ft. of living area.  This is a conventional sale (not a distressed property).

There are 3 homes currently under contract awaiting closing.  The list prices range from $288,719 to $695,000 at an average list price is $354,600 at $130.22 per square foot of living area.  All of these pending sales are conventional sales.

In the past 12 months, 9 homes have sold in Islesworth.  Sales prices ranged from $349,000 to $364,900 with an average sales price of $290,555 at $120.91 per square foot of living area.  There were two short sales and one bank owned foreclosure included in these sales.

Islesworth Entrance

The Islesworth subdivision in Palm City is a very attractive neighborhood located in the heart of Palm City, FL in a non-gated community off of Route 714 (Martin Highway).  This was a Pulte community with 113 homes being built from 1996 through 1998.  Most homes are on spacious lots from just under to over ¼ acre sites. 

Islesworth Lake 1Many homes enjoy serene water views as there are two smaller lakes in this community.  Both single and two story homes with the vast majority being 4 bedroom homes though there are a number of 5 bedroom homes as well as a few 3 bedroom homes.  The current HOA fees are a very reasonable $463.00 per quarter.  The fees include maintenance and insurance of the common areas, roads, reserve funds and basic cable TV.

Homes in Islesworth 3Islesworth is right next door to Hidden Oaks Middle School and only a short bike ride to Palm City Elementary School.  Children in Islesworth go to Martin County High School which is approximately 5 miles away. 

Homes in Islesworth 6Close to grocery and other shopping as well as medical facilities and places of worship, Islesworth offers very easy access to most resident’s needs.  For those needing to commute, both Florida’s Turnpike and I-95 are both only a short distance away.


Islesworth Lake 3

Islesworth Playground 

Here are the currently available homes in September 2014 Market update for Islesworth in Palm City FL

 

For any questions you may have about September 2014 Market update for Islesworth in Palm City FL, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Palm City Florida Real Estate
Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

September 2014 Market update for Islesworth in Palm City FL

Hammock Creek September 2014 Market Update

09.03.14 by

Hammock Creek September 2014 Market Update

There are currently 12 homes actively listed in Hammock Creek in Palm City, Florida.  Prices range from $315,000 to $579,000.  The average list price is $426,266 at $139.18 per square foot of living area.  There are no short sales and 3 bank owned foreclosures in these active listings.

There are 5 homes currently under contract awaiting closing.  Of these pending homes, there is one bank owned foreclosure and no short sales.  The list prices range from $288,719 to $695,000 at an average list price is $406,560 at $143.18 per square foot of living area.

In the past 12 months, 41 homes have sold in Hammock Creek.  Sales prices ranged from $265,000 to $570,000 with an average sales price of $444,829 at $137.66 per square foot of living area.  There was one short sale and four bank owned foreclosures included in these sales.

Hammock Creek is a lovely gated upscale neighborhood consisting of three separate sections, The Sanctuary, The Preserve, and The Estates. The community is centered around the Hammock Creek Golf Course, a Jack Nicklaus designed course. Homes in Hammock Creek consist of one and two stories with square footage ranging from 2000 to over 5000 square feet and prices starting in the low 300’s.Most of the homes sit on generous lots with a view of either the lake, preserve, or golf course.

There are wide paver sidewalks ideal for families who enjoy biking, walking, and jogging. Close to fine shopping, nice restaurants, immediate access to I-95 and the turnpike, and A Rated Palm City schools makes Hammock Creek one of Martin County’s premier neighborhoods.

Low HOA fees ranging from approximately $260 to $390 per month depending on which section one resides .

Here are the currently available homes in Hammock Creek September 2014 Market Update

For any questions you may have about Hammock Creek September 2014 Market Update, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Palm City Florida Real Estate
Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Hammock Creek September 2014 Market Update

September 2014 Market Update for the Pines and Windemere in Jensen Beach

09.02.14 by

September 2014 Market Update for the Pines and Windemere in Jensen Beach

There are currently 10 homes for sale in the Pines and Windemere in Jensen Beach FL.  Prices range from a low of $199,900 up to $429,000 for an average of $145.96 per sq. ft. of living area.  There are no short sales and two bank owned foreclosures in these active listings.

12 homes are under contract awaiting settlement.  Listing prices range from $218,000 up to $395,990 for an average of $132.25 per dq. ft. of living area. There are no short sales and three bank owned foreclosures in these pending listings.

In the past 12 months, there have been 41 sales in the Pines and Windemere of Jensen Beach FL.  Sales prices ranged from a low of $165,000 up to a high of $433,247 representing an average of $129.90 per sq. ft. of living area.  There were 3 short sales and 7 bank owned foreclosures in this group of sales.

the Pines and Windemere

Located adjacent to the new Jensen Beach High School, and Felix A. Williams elementary school, among Martin County’s best schools, is only one reason why September 2014 Market Update for the Pines and Windemere in Jensen Beach is so desirable.

Jensen Beach High School

Some residents have stated “sending our children to Felix A. Williams is like having a private school in our own back yard.”  “Our Kids can walk to the new High School”

In addition to the best schools, The Pines is located just 1.5 miles from the beautiful unspoiled beaches of Hutchinson Island, a fantastic public golf course is right next door, a regional park that offers little league and soccer and many family attractions.  “we can play golf without the high cost just next door.”

the Pines and Windemere

For others, the best shops of the Treasure Coast Mall with a new 13-plex theater are walking distance and grocery stores are located nearby.

World famous fishing is just a ride away. Stuart is known as the “Sailfish capital of the world.”

the Pines and Windemere

Adjacent to the Pines, is the smaller community of Windemere and the Preserves.  Currently, D.R. Horton is in the process of building brand new affordable homes in both the Pines and Windemere subdivisions at some very affordable prices. 

 the Pines and Windemere

For any questions you may have about September 2014 Market Update for the Pines and Windemere in Jensen Beach, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

 Search for the Pines and Windemere Re-Sale Homes
Search the Martin County MLS

Jensen Beach Florida Real Estate

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

September 2014 Market Update for the Pines and Windemere in Jensen Beach

Lighthouse Point and Seagate Harbor September 2014 Market Update

09.01.14 by

Lighthouse Point and Seagate Harbor September 2014 Market Update

 

There are currently 17 homes on the market in Lighthouse Point and Seagate Harbor in Palm City, FL.  From a low price of $299,000 to a high of $1,599,900 with an average asking price of $540.364 at $294.82 per square foot of living area. There are two bank owned foreclosures and no short sales in the active listings.

There are 3 homes under contract.   The listing prices on these pending homes range from a low of $419,000 to a high of $595,000, for an average list price of $484,666 at $235.18 per square foot of living area.  None of these pending sales are distressed properties.  All are conventional sales.

20 homes have sold in Lighthouse Point and Seagate Harbor in the past 12 months.  Sale prices were from $300,000 to $760,000 with an average sales price of $450,625 or $217.58 per square foot of living area.   One of these sales were bank owned foreclosures and another one was a short sale.

Lighthouse Point Waterfront Homes for Sale

A boater’s and sailor’s Delight in an affordable waterfront niche community with deep water dockage! Nature and families are the focus in this desirable community characterized by beautiful homes, parks, nearby golf, restaurants, shopping, and A Rated schools!

Almost every home has waterfront with a dock available in an intricate network of deep water canals. Some select homes with wide views of the Saint Lucie River.  A community boat ramp is also available.  Everything a boater would want!

Search the Martin County MLS

Search for available homes in Lighthouse Point and Seagate Harbor

 

Lighthouse Point and Seagate Harbor September 2014 Market Update

July 2014 Monthly Market Detail St Lucie County Townhouses and Condos

08.29.14 by

July 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The July 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors showed decreased activity as compared to last year as well as the past two months.  Closed sales were down by 10.4% (was up by 15.5% in June) while new sales under contract (new pending sales) decreased by 11.9% (was up by 6% in June). 

The median sales price was down by 1.4% (down 4.6% in June) and the average sales price increased by 2.4% (was down by 1.8% in June).  This is now the fourth month of either decreasing values or just holding steady.  Prices rose very rapidly last year, this is most likely a small correction.

The inventory of available townhouses and condos decreased by 36 units from last month to 720 units which is down by 11.5% from last July.  Current supply of inventory decreased to 6.9 months from the 7.2 month supply in June and is 11.8% lower than last year.  The St. Lucie County townhouse and condo market appears to be in a balanced market for now.  An increase in inventory would help this segment grow faster.

July 2014 Monthly Market Detail St Lucie County Townhouses and Condos

 

 Click here to view or download the full report:
July 2014 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.

July 2014 Monthly Market Detail St Lucie County Townhouses and Condos

July 2014 Monthly Market Detail St Lucie County Single Family Homes

08.28.14 by

July 2014 Monthly Market Detail St Lucie County Single Family Homes

July 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors continues with strong market activity and rising prices, with increased volume from last year.  Closed sales from last year were up by 17.6% (in June they were up by 16.2%) and new sales under contract (new pending sales) decreased by 4.2% (they were up by 7.7% last month).

Both median and average sales prices were up again (year to year) by 8.5% and 5.8% respectively from last July (For last month these figures were 11.5% and 7.2%).  The rate of appreciation has been slowing for the past few months, but still showing some strong growth in values.

The inventory of active listings decreased in July (from last month) by 61 homes to 1,914, which is still greater than last year by 15.7%.  Current supply of inventory is only 4.2 months (an 8.9% increase from last year).   Still a strong sellers market for the Saint Lucie County single family home market.  While inventory levels are higher than last year, they have been decreasing steadily for the last few months.

July 2014 Monthly Market Detail St Lucie County Single Family Homes

 

Click here to view or download the full report:  July 2014 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.

July 2014 Monthly Market Detail St Lucie County Single Family Homes

July 2014 Monthly Market Detail Martin County Townhouses and Condos

08.27.14 by

July 2014 Monthly Market Detail Martin County Townhouses and Condos

July 2014 Monthly Market Detail Martin County Townhouses and Condos was basically flat in terms of activity as compared to last year.  Year to year closed sales were unchanged (was up by 11.5% in June) as well as new sales under contract (new pending sales) also unchanged from July 2013 (was down 19.4% in June). 

The median sales price decreased by 10.5% (was up by 3.1% in June) while the average sales price decreased by 7.4% (was down 4.9% in June) as compared to July of 2013.  After nearly a year of pretty impressive price rises, values were off for the third month in a row indicating some weakness in this sector of the Martin County real estate market.

 The inventory of available townhouses and condos has decreased by 24 to 534 units from last month which is also 3.4% less inventory than was available in July of 2013.   The current supply of inventory is 5.3 months (a 3.4% decrease from last year).  While we are still in a seller’s market for condos and townhomes, the decreasing inventory as well as flat sales activity and value drops are of concern.

July 2014 Monthly Market Detail Martin County Townhouses and Condos

 

 Click here to view or download the full report:  July 2014 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.

July 2014 Monthly Market Detail Martin County Townhouses and Condos

July 2014 Monthly Market Detail Martin County Single Family Homes

08.26.14 by

July 2014 Monthly Market Detail Martin County Single Family Homes

The July 2014 Monthly Market Detail Martin County Single Family Homes showed continued strong market activity.  Martin County single family home sales exceeded the average in the state and continues to show excellent strength.  Year to year closed sales were up by 19.5% (was up only 19.6% in June). New pending sales increased by 21.1% as compared to July of 2013 (increased by 15.7% in June).  This continues strong trend that was not present at the beginning of the year.

The median sales price was up by 2.2% from last year (up by 13.7% in June) while the average price decreased by 2.9% (was up by 9.2% last month).  A moderating of price increases is a positive for future sales, keeping the rate of increase lower makes homes more affordable.

The inventory of available single family homes decreased from June 2014 by 97 homes to 1,294 units this month, this still represents a 20.6% increase from last July.  Current supply of inventory decreased to 6.6 months from last month’s 7.2 (a 7.8% increase from last year).  This market is in a slight advantage for buyers.

July 2014 Monthly Market Detail Martin County Single Family Homes

 

Click here to view or download the full report:  July 2014 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.

July 2014 Monthly Market Detail Martin County Single Family Homes

July 2014 Monthly Market Detail Florida Townhouses and Condos

08.25.14 by

July 2014 Monthly Market Detail Florida Townhouses and Condos

For the July 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida showed less activity as compared to last year as well as last month.  Year to year closed sales were off by 6.7% as compared to last months increase of 3.1% and new sales under contract (new pending sales) decreased by 13.9% (June’s decrease was 9%).

Both median and average sales prices were up (year to year) by 7.4% and 2.6% respectively (in June it was 8.5% and 5.8%). Prices rose very rapidly last year and continue to go up this year at a reduced pace.  One reason for the reduced activity is the fact that these properties are considerably more expensive than they have been in the recent past.

Inventory rose for the tenth month in a row, by 10.9% (was up by 13.4% in June).  While the July 2014 numbers show a marked decrease in activity levels this is still a seller’s market as there is currently a 5.7 months supply of inventory (was 5.8 months in June) which is up 11.2% from last year.  A 6 months inventory supply is considered a balanced market.

July 2014 Monthly Market Detail 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:  July 2014 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.

July 2014 Monthly Market Detail Florida Townhouses and Condos

July 2014 Monthly Market Detail Florida Single Family Homes

08.24.14 by

July 2014 Monthly Market Detail Florida Single Family Homes

The July 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors continues with improving market results, though at a bit of a slower rate than last month.  Year to year closed sales were up by 5% (was up by 14.6% in June) and new sales under contract (new pending sales) increased by 2,3% (was down by 4.1% in June).

Both median and average sales prices continue to rise ( July 2013 to July 2014) by 3.6% and 4.1% respectively, compared to June’s 5.2% and 4.2%.   While still positive numbers, the rate of appreciation appears to be slowing.

The inventory of available homes for sale rose by 17.5% from last year.  This is now the tenth month of increased inventory.  This increase is a direct result of rising prices as many home sellers have been waiting on the side lines for improved values.  This increase in inventory makes for greater choices and more price competition among sellers. With only a 5.5 months supply of inventory, this is a healthy market with a slight edge to sellers. (2013 had a 5.0 month supply)

July 2014 Monthly Market Detail Florida Single Family Homes

 

Click here to view or download the full report:
July 2014 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.

July 2014 Monthly Market Detail Florida Single Family Homes

Hobe Sound FL 33455 Condo Market Report July 2014

08.23.14 by

Hobe Sound FL 33455 Condo Market Report July 2014

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for July 2014

 

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

 

There are currently 17 active condo listings. (Down by 1 condo from June)

Hobe Sound FL 33455 Condo Market Report July 2014

 

4 Condo sales are pending and awaiting close. (No change from June)

Hobe Sound FL 33455 Condo Market Report July 2014

 

2 Condos sold in June (Unchanged from June)

Hobe Sound FL 33455 Condo Market Report July 2014

 

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Now only 17 available condos listed and both pending and closed sales were steady at two condos apiece.

The current absorption rate is 8.5 months (Last month it was 9 months).  The statistics within this segment should be taken with a grain of salt, as small changes in activity make for very large changes on percentages that July not indicate 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 July 2013 numbers were:  16 active listings, 10 pending sales and 5 closed sales.  Unfortunately, this years activity is considerably worse than last year.

Hobe Sound FL 33455 Condo Market Report July 2014

 

Search here for Hobe Sound Florida Real Estate for Sale ( Condos)
Search for Martin County Real Estate

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report July 2014

 

Hobe Sound FL 33455 Residential Market Report July 2014

08.22.14 by

Hobe Sound FL 33455 Residential Market Report July 2014

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for July 2014

 

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

There are currently 237 active listings. (Down by 24 homes from June)

Hobe Sound FL 33455 Residential Market Report July 2014

 

80 Residential sales are pending and awaiting close  (Decreased by 15 homes from June)

Hobe Sound FL 33455 Residential Market Report July 2014

 

51 Homes Sold in July (Up by 11 homes from last month)

Hobe Sound FL 33455 Residential Market Report July 2014

 

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County for July had an excellent month for closed sales.  It appears that the inventory is heading lower and with fewer choices we also have less pending sales.  This may be an indication of less closed sales for the near future.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased slightly to 4.6 months (6.5 months in June).  Back into a sellers market for Hobe Sound, which is where we’ve been for most of the year. (It was a litle off in June)  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for July 2013 were:  238 active listings, 96 pending sales and 42 closed sales.   Very similar to this year’s numbers with the exception of the pending sales which were higher last year.

Hobe Sound FL 33455 Residential Market Report July 2014

 

Hobe Sound, FL Real Estate

Rental Properties

Residential Properties

Vacant Land Properties

Condominium Properties

Commercial Properties

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

 

Hobe Sound FL 33455 Residential Market Report July 2014

Jensen Beach FL 34957 Condo Market Report July 2014

08.21.14 by

Jensen Beach FL 34957 Condo Market Report July 2014

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for July 2014

 

For July 2014 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 30 active listings. (Down 1 condo from June)

Jensen Beach FL 34957 Condo Market Report July 2014

 

13 Condo sales are pending and awaiting close or lender approval. (Increased by 3 condos from June)

Jensen Beach FL 34957 Condo Market Report July 2014

 

1 Condos Sold (Down by 2 condos from June)

Jensen Beach FL 34957 Condo Market Report July 2014

 

 The Jensen Beach FL 34957 Condo Market Report July 2014 remains a small sector as far as condos in Martin County. After a couple of months of inventory gains, the trend stopped in June’s and available condos for sale remained unchanged for the month and dropped by one for July.  Pending sales increased by 3 condos and closed sales were off to only 1.  The increase in pending sales should result in some additional closed sales in the near future.

The one month absorption rate for the July 2014, Jensen Beach Florida Market Report ZIP Code 34957 rose to 30 months (10.3 months in June), back into a buyers market after an exceptionally active spring.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The July 2013 numbers were: 31 active listings, 19 pending sales and 9 condos closed.   Pretty dismal July 2014 when compared to last year.

Jensen Beach FL 34957 Condo Market Report July 2014

 

Search here for Jensen Beach Real Estate for Sale


Jensen Beach Florida Real Estate presented by:
Gabe Sanders

 

Jensen Beach FL 34957 Condo Market Report July 2014