Stuart Florida Market Report ZIP Code 34997 – Residential, November 2011

12.10.11 by

Stuart Florida Market Report ZIP Code 34997 – Residential, November 2011

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for November 2011

There are currently 527 active listings (an increase of 8 from October).

198 Residential sales are pending and awaiting close or lender approval (Up 5 from October).

42 Homes Sold in October (Down 5 from October)

Compared to October, the 34997 zip code area of Stuart Florida saw movement in the wrong direction, with inventory up for the second month in a row and both pending sales and closed sales off as well.   Of more interest, compared to November of 2010, inventory is up by about 100 homes, but sales are more than double and pending sales are almost triple last year’s numbers.

So, it appears that we are seeing a seasonal slowing of the market for the holiday season, but numbers are still dramatically higher than last year’s figures.  This is showing great promise for the year ahead.  For those waiting for prices to come back to pre-bubble values, we just don’t believe it will happen any time soon.  Housing is currently at historically affordable levels and those that can afford or qualify are making their moves.  At one point in the future, these low-interest rates are bound to go up making homes less affordable

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

Stuart Florida Market Report ZIP Code 34997 – Residential, November 2011

Sewalls Point Market Report – Residential, November 2011

12.09.11 by

Sewalls Point Market Report – Residential, November 2011

Sewalls Point Real Estate Snapshot, Residential Sales for November 2011

There are currently 49 active listings (an increase of 6 homes for sale from October)

13 Residential sales are pending and awaiting close or lender approval (Down 1 from October)

3 Homes sold in November (Up 2 from October)

In November of 2011, e saw a slight increase in sales from October in the Sewalls Point, Florida real estate market.  Of note is that two of these sales were in the higher price ranges of just under $900,000 for a nonwaterfront home and above $1,200,000 for an older waterfront home.  Inventory crept up a little from last month while pending sales remain virtually unchanged (down 1).

Interestingly the active and pending numbers are almost identical to last November, but sales are up as has been the trend for most of this year.  If sales continue at the pace of last year, we may very well find a significant decrease in inventory as well as a lack of well-priced homes on Sewalls Point.  In our experience with this market, it will be difficult to convince buyers to pay a large premium for the privilege of living in this desirable neighborhood, so we may see some slowdown if the inventory doesn’t keep pace.

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Sewalls Point Market Report – Residential, November 2011

Home for the Holidays at the Lyric Theater in Stuart, Florida

12.07.11 by

Home for the Holidays at the Lyric Theater in Stuart, Florida

 
Adding to the Christmas cheer in Martin County, Florida, the critically acclaimed singer, Terry Barber returned to the Lyric Theater for the one-night performance of “Home for the Holidays”, on Dec 6th, giving the people of Stuart an enjoyable evening of wonderful holiday music.
Terry Barber, who was accompanied by Lorrianna Colozzo, a Treasure Coast Soprano, enchanted the audience with his celebrated singing style that has been heard in numerous concert halls across the nation including Metropolitan Opera, Carnegie Hall and Avery Fisher Hall. Performing a mixture of standard holiday songs such as “O Holy Night” to more modern tunes such as “Baby it’s Cold Outside” the duo has also invited the national award-winning Jensen Beach High School’s “Jubilate” Choir to accompany them in some heartwarming audience participation standards that got everyone into the spirit of the season.
The Lyric Theater is a not-for-profit organization whose mission is to enhance the cultural arts of the Treasure Coast.  Originally built and opened in 1925, the Lyric Theater began as a silent movie house.  Now, it’s a 500-seat intimate theater with a diverse lineup of entertainment throughout the year.  The Lyric Theater has been named to the National Register of Historic Places.

Home for the Holidays at the Lyric Theater in Stuart, Florida

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Sugarhill Homes in Jensen Beach

12.05.11 by

Sugarhill Homes in Jensen Beach

Sugarhill is an eye-pleasing high-elevation neighborhood filled with upscale homes in Jensen Beach. All homes have very spacious yards that are surrounded by gorgeous Florida foliage. Most homes are timeless architectural works of beauty! Houses range from 2 to 5 bedrooms and 2 to 5 bathrooms, so whatever size you are looking for, Sugarhill is sure to have it. The neighborhood is located just minutes from all that Jensen Beach has to offer, like the beautiful stretches of beach on Hutchinson Island, the fantastic shopping at the Treasure Coast Square Mall, many restaurants you are sure to love, and our ‘A’ rated schools for all grade levels!

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Sugarhill Homes in Jensen Beach

Westwood Country Estates in Palm City

12.04.11 by

Westwood Country Estates in Palm City

Westwood Country Estates is a wide open, gorgeous community that features statuesque homes that are beautifully placed on oversized lots of ½ acre or more, which will give you and your family plenty of room to grow!  Wonderfully landscaped throughout, Westwood Country Estates will make you feel proud to come home.  Every home is unique and there is sure to be one you will fall in love with!

Palm City is a great place to raise a family with its “A” rated schools and proximity to I-95 and Florida’s Turnpike which opens you to all the opportunities of both Martin County and its neighbors, just a short drive North or South!  Martin County has lots of recreational areas and opportunities to enjoy many opportunities outdoors with your family!

Westwood Country Estates Homes for Sale

For more information, visit our website or call us at (772) 888-2885.
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Palm City Florida Real Estate presented by:

the Gabe Sanders real estate team

Jensen Beach Country Club Homes for Sale

12.02.11 by

Jensen Beach Country Club Homes for Sale

The Jensen Beach Country Club and its associated golf course, Eagle Marsh is located in Martin County north of West Palm Beach between Jupiter and Port St. Lucie along Highway 1 near St Lucie Inlet and the Atlantic seacoast. It is just minutes from both the Florida Turnpike and I-95. This once quiet Oceanside town is fast becoming the area’s center for arts, entertainment and recreation with a wide variety of restaurants and shopping to choose from.

Jensen Beach Country Club is truly an oasis nestled in the heart of Jensen Beach with over half of its total acreage dedicated to nature preserves and a championship Tommy Fazio golf course. The community has two clubhouses one featuring a Golf Pro Shop and restaurant with the second showcasing a community swimming pool, tennis courts and facilities for dancing and private parties.

Eagle Marsh is proud to be part of the community and is proud of the organizations surrounding the Golf Course as a whole. Our membership is comprised of some of the finest people around and our members have proven to be supportive, enthusiastic and fun.

The members of Eagle Marsh Golf Club have worked hard to establish and organize both the Men’s Golf Association and the Women’s Golf Association, where throughout the year, enjoy many events and outings which are elegant, exciting and sometimes competitive. Eagle Marsh Golf Club is proud to be considered home for the associations and looks forward to what the future holds.

Eagle Marsh Golf Club is an 18-hole regulation-length golf course. This medium-length layout features 5 sets of tee boxes for the enjoyment of golfers of all skill levels.

Jensen Beach Country Club Homes for Sale

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Jensen Beach Florida Real Estate presented by:

the Gabe Sanders real estate team

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, October 2011

11.30.11 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, October 2011

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for October 2011

For October 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 42 active condo listings. (Up 4 from last September)

3 Condo sales are pending and awaiting close or lender approval. (Down 3 from September)

2 Condos sold in October (Up from 0 sales in September)

The Hobe Sound condo market (Zip Code 33455) is a very small segment of both Hobe Sound real estate as well as the condo market on the Treasure Coast.  While inventory increased in October, it is still fairly low, but demand is also slack in this part of the local condo market.  With demand being so low, and high inventories in the surrounding areas, we don’t see any appreciable pressure on prices to rise in the coming months.  Should activity increase significantly in the neighboring activities, we then will predict some rising values for the Hobe Sound condo market.

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

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Hobe Sound Florida Real Estate presented by:
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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, October 2011

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, October 2011

11.29.11 by

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, October 2011

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for October 2011

For October 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 328 active listings. ( Down 20 from September)

59 Residential sales are pending and awaiting close or lender approval (Up 11 from September)

30 Homes Sold in October (An increase of 9 homes from last month)

The Hobe Sound real estate market (ZIP Code 33455) had a surprisingly strong October.  After a disappointing September, all of our indexes moved in a positive direction for a strong market.

Inventory decreased, homes under contract increased and closed sales showed an increase as well.  We are expecting a bit of a slowdown as we enter the holiday season, but time will tell, as the October Hobe Sound results were a bit of a surprise.

This will be an interesting season to watch!

Search here for Hobe Sound Florida Real Estate for Sale

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

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, October 2011

Stuart Florida Holiday Tree Lighting

11.29.11 by

Stuart Florida Holiday Tree Lighting

While it’s known as ‘Black Friday’ in most of the country, November 25th is the official start of the Christmas Season in Martin County, Florida.   The Christmas tree lighting festival occurs every year on Main Street and attracts many local families with its “kid-friendly” appeal.  This annual festival is complete with a small quartet singing Christmas carols to the audience and passers-by in Downtown Stuart.  Special visits from Santa and Mrs. Claus, assisted by the Martin County High School Tigerrette cheerleaders as the helper elves, captivated both the young and the young at heart.  Adding to the fun was a “live manger” petting zoo, ornament decorating as well as face painting.

And the event isn’t just for the people of Martin County either, a young family from Maine that attended, laughed that “as snowbirds, we love the weather of Stuart during the holidays, but it’s also a real sense of community that this little town has”.  This family of four has been bringing their two children to the tree lighting in Downtown Stuart for the past five years now.  And because the Stuart tradition does fall on Black Friday many Downtown restaurants welcome tired shoppers with deals for the whole family adding something to really celebrate about.  Truly a unique and charming event the tree lighting in Downtown Stuart certainly brings a wonderful sense of community for our residents, friends, family and visitors, all excited for the beginning of the holiday season.

Stuart Florida Holiday Tree Lighting

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Jensen Beach Florida Market Report ZIP Code 34957 – Condo, October 2011

11.28.11 by

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, October 2011

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for October 2011

For October 2011 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
(Due to technical difficulties the September Market Snapshot data was unavailable)

There are currently 60 active listings. (Up 5 from September)

12 Condo sales are pending and awaiting close or lender approval. (Up 2 from September)

1 Condo Sold (A decrease of 7 condos from September)

Very disappointing results for the Jensen Beach condo market report (ZIP Code 34957).  Only 1 closed sale, a decrease in pending activity as well as an increase in supply (active listings).   Typically we are now in the slow season for this segment of the Martin County real estate market.  We may see some more rise in inventory before the activity starts to pick up, typically in the new year.  We think that the secondary vacation market for condos is currently very dependent on consumer confidence and should do well if the economy picks up.

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

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, October 2011

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, October 2011

11.27.11 by

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, October 2011

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for October 2011

For October 2011 in the 34957 Zip Code area of Jensen Beach, Florida :

There are currently 146 active listings. (A decrease of 7 from last month)

84 Residential sales are pending and awaiting close or lender approval. (An increase of 4 homes from September)

6 Homes Sold (Down 13 from September)

The Jensen Beach real estate market (ZIP Code 34957) had disappointing closed sales numbers for October.  However, inventory declined and pending sales (homes under contract but not yet closed) were up.  This is showing a fairly stable market for this time of year.  As we head into the holiday season, numbers should remain modest as activity tends to decrease at this time of the year.  We should see a gradual increase beginning in January.

Search here for Jensen Beach Real Estate for Sale

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

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

Jensen Beach Florida Market Report ZIP Code 34957 – Residential, October 2011

Palm City Florida Market Report ZIP Code 34990 – Condo, October 2011

11.26.11 by

Palm City Florida Market Report ZIP Code 34990 – Condo, October 2011

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for October 2011

For October 2011 in the 34990 Zip Code area of Palm City, Florida :

There are currently 59 active condo listings. (Down 2 from September)

2 Condo sales are pending and awaiting close or lender approval. (Down 2 from last month)

2 Condos Sold in October. (An increase of 1 condo from September)

Unlike the rest of Martin County, the Palm City condo market report (ZIP Code 34990) had a decrease in inventory from last month.  Unfortunately, pending sales are very slow as well as closed or completed sales.  The Palm City condo market is slightly different from the rest of the county as the mix tends to favor more year-round residents and is less prone to the seasonal inventory increase we typically experience during the holiday season.

As long as the inventory doesn’t increase appreciably this should be a good winter for Palm City condo sales, though prices will not see an increase as of yet due to competition from the neighboring areas as well as the number of distressed sales on the market. Should the inventory increase, pricing pressure may lead to some continued decreases.

Search here for Palm City Florida Real Estate for Sale ( Condos)

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

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Palm City Florida Market Report ZIP Code 34990 – Condo, October 2011

Martin Count High School Girls Volleyball Team – State Champs

11.26.11 by

Martin Count High School Girls Volleyball Team win the Florida State Championships

Setting a new record in its athletic history, Martin County High School Girls Volleyball team recently won their second 5A State Championship in three years.  Volleyball is a very popular sport in the Martin County and Jensen Beach High Schools, and the two teams are extremely competitive.  These young ladies practice year-round in their club divisions so they can become better players for their teams and help them at the top of their divisions. The Martin County High School Girls Volleyball team has now accomplished this lofty feat twice, making the school a sought-after place for future stars.

Mallori Moffat, a senior team captain of the Martin County Tigers (number 3) comments “it is so amazing to be on a team with all of these girls for so long and coming out with a state championship only makes it that much better!” Moffat plays one of the most difficult positions on the court as a setter and hopes to get a scholarship to play in college next year, with an excellent chance, now that she helped lead her team to the state championship.

With their tournament starting on Friday the Tigers went up against Saint Thomas Aquinas for the semifinals and won in three out of five games match. The next morning they played against Winter Springs in a passionate and tense match coming out strong in match by winning three out of four games to claim their title as State Champions.

Proudly celebrated by friends and family the Martin County Tigers volleyball team brings home not only a huge victory for themselves but also for their school and to Martin County as the deserving champions. 

For more information, visit our website or call us at (772) 888-2885.
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Palm City Florida Market Report ZIP Code 34990 – Residential, October 2011

11.25.11 by

Palm City Florida Market Report ZIP Code 34990 – Residential, October 2011

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for October 2011

For October 2011 in the 34990 Zip Code area of Palm City Florida :

There are currently 468 active listings (A decrease of 14 homes from September)

138 Residential sales are pending and awaiting close or lender approval. (Increased 14 from last month)

41 Homes Sold in October (A decrease of 8 homes from September)

Other than closed sales, which were off by8 homes for October, the other trends were positive for Palm City (zip code 34990).  A decrease of inventory will make homes a bit more scarce and with the decrease in supply, prices should remain more stable than in previous months.  An increase in pending sales should mean more closed sales for the coming months.  With the holiday season coming up, we expect a decrease in activity for the season, following a gradual increase as we move into January.

Search here for Palm City Florida Real Estate for Sale

For more information, visit our website or call us at (772) 888-2885.
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Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

Palm City Florida Market Report ZIP Code 34990 – Residential, October 2011

Stuart Florida Market Report ZIP Code 34996 – Condo, October 2011

11.24.11 by

Stuart Florida Market Report ZIP Code 34996 – Condo, October 2011

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for October 2011

For October 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 213 active condo listings (Up 25 from last month).

24 Condo sales are pending and awaiting close or lender approval (A decrease of 3 from September).

17 Condos Sold in October (A decrease of 1 condo from September)

The Stuart condo market for the area in ZIP code 34996 had a fairly significant increase in inventory in October.  This with small decreases in closed and pending sales.  Typical seasonal slowdown as we get into the holiday months.  The large increase in inventory is troubling for sellers as this may have significant downward pressure on prices for the coming winter season if this trend continues.

Search here for Stuart Florida Real Estate for Sale ( Condos)

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Our market reports are here!

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

Stuart Florida Market Report ZIP Code 34996 – Condo, October 2011

Happy Thanksgiving

11.24.11 by

A Thanksgiving Wish

Each heart is filled with thankfulness,
each home is open wide
To share with friends and relatives the joy that’s found inside.

May you always be surrounded by the smiles of friends,
the love of family, and the happiness
that comes from meeting each day
with the spirit of Thanksgiving in your heart.

Happy Thanksgiving from our families to yours!
the Gabe Sanders real estate team
For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Stuart Florida Market Report ZIP Code 34996 – Residential, October 2011

11.23.11 by

Stuart Florida Market Report ZIP Code 34996 – Residential, October 2011

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for October 2011

For October 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 161 active listings (Down 16 from September).

35 Residential sales are pending and awaiting close or lender approval (Up 12 from September).

5 Homes Sold in October (Down 7 from September).

Bucking the trend for the rest of Stuart, the 34996 zip code area had fairly positive results for October 2011, with an increase in pending sales and a decrease in inventory. The only negative was a decrease in closed sales in October.  With lower inventory levels and increased pending sales, we should see some pressure on prices to remain stable for the next few months, provided we don’t have any increase in distressed sales (short sales and foreclosures).

We are rapidly approaching the holiday season.  Normally activity does slow down during this period.

Search here for Stuart Florida Real Estate for Sale

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

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

Stuart Florida Market Report ZIP Code 34996 – Residential, October 2011

Stuart Florida Market Report ZIP Code 34997 – Condo, October 2011

11.22.11 by

Stuart Florida Market Report ZIP Code 34997 – Condo, October 2011

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2011

For October 2011 in the 34997 Zip Code area of Stuart, Florida :

There are currently 120 active condo listings (An increase of 8 units from September).

13 Condo sales are pending and awaiting close or lender approval (Down 3 from September).

10 Condos Sold in June (Up 6 from September).

The Stuart condo market for the area in ZIP code 34997 had a very weak September, so an increase in closed sales was welcome in October.  Unfortunately along with the increase in closed sales, there has also been an increase in inventory (also true for all other areas in Martin County) as we head into the holiday season.  Typically we see a fairly slow couple of months with activity starting to pick back up in January. 

Sellers should hope that the inventory doesn’t pick up by too much as this will have a negative influence on sales prices.

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

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

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2011

Martin County Florida Condo Market Report for October 2011

11.21.11 by

Martin County Florida Condo Market Report for October 2011

Commentary:

The Martin County Florida condo market report for October 2011 showed surprisingly high activity from both last month as well as last year.  Sales were up by 40% from last year and 20% from September.  The only negative is the vast majority of these sales were for lower-priced units throughout Martin County.  The inventory was down by close to 20% from last year, but up slightly from last month.  Many condo sellers feel that the holiday season starts the great migration of buyers from the north and is a better time to market their property.  (Not necessarily so, as evidenced by last month’s sales numbers.)

The big uncertainty remains, which is the economy.  We believe that if we have any sustained good news, we will see a pretty good rush on the market which will be a nice change from the present.  For the longer term, even though we have the best mortgage rates in history at the moment, inflation is making news and this is not good for rates down the line.  The Fed. is working hard to keep rates down, but for how long, we’re just not too sure.

Our outlook for Martin County is fairly positive as for buyers, prices and rates remain very attractive.  For sellers, it doesn’t look like we’re going to see any significant improvements soon, so if you need to sell, you may be better off now than possibly in the near future.

Click on the individual charts to see charts in expanded mode.

Condo Market Report for October 2011 in Martin County, Florida

the Gabe Sanders real estate team

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

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Martin County Florida Residential Market Report for October 2011

11.20.11 by

Martin County Florida Residential Market Report for October 2011

Commentary:

The Martin County Florida residential market report for October 2011 shows some good strength when considering the season.  Sales were off only by 3 homes for a total of 113, almost identical to last year’s 114 single-family sales.  Surprisingly inventory was down by 6 homes from last month (which had a slight rise from August), and off by more than 450 homes since October of 2010 ( or by close to 30%)

The average sales price was up from last year, but down significantly from September.  This doesn’t necessarily reflect a decrease or increase in existing home prices, but more the mix of homes that sold in October.  As in previous tears, late fall sales tend to be of lower-priced homes.   This difference is much more tempered when looking at median prices as opposed to averages.  We will not be surprised to see inventory rising some in the next couple of months as well as having some soft sales volume as we enter the holiday season.  But, with inventory down, for now, rates very low, we may find the market outperforming expectations.

Our outlook for Martin County remains cautiously optimistic as prices and rates remain at historic low levels.  For sellers, homes are selling, and if priced and presented optimally, homes are selling fast and at or close to market value.

Please feel free to contact us if you have any difficulty interpreting these charts.

Residential Market Report for October 2011 in Martin County, Florida

Gabe Sanders

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

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!