Residential Market Report for May 2011 in Martin County, Florida

06.17.11 by

Residential Market Report for May 2011 in Martin County, Florida

The May results for the Martin County residential real estate market show fairly strong results with a continuing decrease in inventory and sales that almost match last year’s results without the benefit of the government’s first-time buyers assistance program.  The one-month (non-averaged) absorption rate is below 10 months which is better than in the past 4 years.  We would like to see an absorption rate in the 5 to 7 month range which is an indicator of a balanced market. Median prices are significantly lower than last year.  The average sales price is a little less off.  The average price trend line showed a drop in May after a few months of increases.  Summer is now here, and typically market activity slows a bit as the seasonal buyers have gone north for the summer.

Residential Market Report for May 2010 in Martin County, Florida

the Gabe Sanders real estate team

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!

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for May 2011

06.15.11 by

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for May 2011

For May 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 89 active listings (Up 1 from April).

31 Residential sales are pending and awaiting close or lender approval (up 3 from last month).

9 Homes Sold in May (up 1 from April)

Inventory rose by only 1 unit in Stuart’s 34994 zip code area for May.  Pending sales remained strong (up by 3) and a small increase in closed sales for May were mostly positive signs for continued growth in this segment of Martin County’s real estate market.

Search here for Stuart Florida Real Estate for Sale

Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for May 2011

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

Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34996, Condo Sales for May 2011

06.14.11 by

Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34996, Condo Sales for May 2011

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

There are currently 211 active condo listings (down 31 from last month).

38 Condo sales are pending and awaiting close or lender approval (up 4 from April).

22 Condos Sold in May (down 14 units from last month)

Sales were off for may in the Stuart 34996 zip code for condos. However, pending sales remain very positive and the inventory continues to decline.

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

Market Report: Stuart Florida Real Estate Snapshot for Zip Code 34996, Condo Sales for May 2011

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

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for May 2011

06.13.11 by

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for May 2011

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

There are currently 183 active listings (down 6 from last month).

31 Residential sales are pending and awaiting close or lender approval (up 4 from April).

8 Homes Sold in April (down 3 from April).

Sales were off slightly for the residential Stuart Florida real estate market activity for zip code 34996. The good news is that the inventory continues to decline and the pending sales also remained strong.

Search here for Stuart Florida Real Estate for Sale

Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for May 2011

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

Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Condo Sales for May 2011

06.10.11 by

Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Condo Sales for May 2011

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

There are currently 58 active condo listings. (down 4 from April)

10 Condo sales are pending and awaiting close or lender approval. (up 1 from last month)

2 Condos Sold in May. (down 2 from April)

Sales were off by 50% for May for condos in Palm City, Florida – zip code 34990.  Pending sales remain fairly strong as well as another decrease in inventory.  No definite trend emerging but overall, not too bad of a market.

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

Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Condo Sales for May 2011

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

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

Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for May 2011

06.09.11 by

Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for May 2011

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

There are currently 532 active listings (an increase of 8 from April)

129 Residential sales are pending and awaiting close or lender approval. (Down 22 from last month)

61 Homes Sold in May (up 2 for April)

After a fairly robust spring activity, the Palm City, Florida residential market appears to be cooling. While we had a slight increase in sales, the pending sales activity decreased and for the first time in over three months, we’ve seen an increase in inventory. This is showing signs of a weaker summer ahead if this trend continues for Palm City.

Search here for Palm City Florida Real Estate for Sale

Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for May 2011

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

Palm City, FL Real Estate

Rental Properties

Residential Properties

Condominium Properties

Vacant Land Properties

Commercial Properties

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

Market Report: Sewalls Point, Florida Real Estate Snapshot, Residential Sales for May 2011

06.08.11 by

Market Report: Sewalls Point, Florida Real Estate Snapshot, Residential Sales for May 2011

For May 2011 in Sewalls Point, Florida :

There are currently 58 active listings (a reduction of two homes for sale from April)

10 Residential sales are pending and awaiting close or lender approval (An decrease of 2 from April)

4 homes closed in Sewalls Point Florida in May (down 1 from April)

Sales and pendings by numbers decreased a little from last month, but the inventory was also down for the Sewalls Point residential market in Stuart, Florida.  Of particular interest is that two of the four sales were in the $2.5 and $3.5 Million dollar range.

Search here for Sewalls Point Florida Real Estate for Sale

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

Market Report: Sewalls Point, Florida Real Estate Snapshot, Residential Sales for May 2011

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

Lighthouse Point & Seagate Harbor, Palm City, Florida

06.05.11 by

Lighthouse Point & Seagate Harbor, Palm City, Florida

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 dockage 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 for available homes in Lighthouse Point and Seagate Harbor

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

Lighthouse Point & Seagate Harbor, Palm City, Florida

The US Sailing Center of Martin County

06.04.11 by

The US Sailing Center of Martin County

The mission statement of the US Sailing Center of Martin County (USSCMC) is:  The US Sailing Center of Martin County is committed to broadening the base of the sport of sailing through dedicated, affordable, community sailing programs for youth and adults, and providing support for the development of future champions and Olympic racers.

The Sailing Center has been at its present location on the North end of Indian Riverside Park in Jensen beach since 2002.  This is not a yacht club, but instead a community recreational center offering competitive and educational sailing venues for both adults and children of all ages.  Both memberships and lessons are available.  The USSCMC holds numerous world-class regattas throughout the year that bring some of the top-ranked sailors from around the world to Martin County.

One of only three community sailing centers in the United States that is sanctioned by the US Sailing Association (the national governing association of sailing in the US).

Visit the web site at: http://www.usscmc.org/

The US Sailing Center of Martin County

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

Indian River Plantation, Hutchinson Island, Florida

06.02.11 by

Indian River Plantation, Hutchinson Island, Florida

Indian River Plantation consists of numerous condominium associations and buildings.  All styles from Ocean front to Riverfront and Golf and Tennis villas can be found here.  IRP is associated and co-located with the Marriott Resort and Marina.Tucked away on Hutchinson Island, the Treasure Coast’s 16-mile lush barrier island is a unique resort that
greets guests with the warmth of true Southern hospitality.

The Hutchinson Island Marriott Beach Resort and Marina stretches across 200 acres of plantation landscape on Hutchinson Island, bordered on one side by the Atlantic Ocean and by the shimmering Indian River on the other side.
A newly remodeled lobby with sweeping draperies, plantation-style wood furnishings and tropical tones sets the stage for a magical golf getaway. This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.
Golfers of all skill levels will enjoy the challenging fairways and greens found in the area’s 12 courses. Plantation East, the resort’s own course, meanders throughout the island and is characterized by water on 17 of 18 holes. This 4,042-yard, par-61 executive course requires careful club selection and precision shot-making to overcome constantly changing ocean breezes.
This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.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

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

Indian River Plantation, Hutchinson Island, Florida

The Banyan Tree Tunnel in Stuart Florida

05.30.11 by

The Banyan Tree Tunnel in Stuart Florida

Banyan Tree Tunnel in Stuart FL

If you have the pleasure of visiting our fair city sometime in the future, try taking a drive down Saint Lucie Blvd. and going through our famous Banyan Tree Tunnel.  Here’s what it looks like on a bright sunny day. Before the 2004 hurricanes, it was even darker, but we did lose a few branches which opened it up a little.  But in a few years, it will be back to its former splendor.

Did you know that the banyan Tree is native to India?  It was introduced to Florida by Thomas Alva Edison in 1925 when he planted the first one in the US.  It was around 4 feet tall at the time.  This tree is still alive covering over 400 feet, reported as being the third largest Banyan tree in the world.

For more information about Stuart Florida and our surroundings on the Treasure Coast of Florida, please visit our website or feel free to give us a call.

The Banyan Tree Tunnel in Stuart Florida

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

Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Condo Sales for April 2011

05.28.11 by

Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Condo Sales for April 2011

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

There are currently 39 active condo listings. (Up 2 from last month)

9 Condo sales are pending and awaiting close or lender approval. (Unchanged from March)

There were 3 sales. (A decrease of two condos from last month)

The Hobe Sound Condo market was off slightly from March.  Very small differences though and inventory levels remain moderately low compared to last year.  Condo activity in Hobe Sound is a very small part of the overall real estate market in zip code 33455.

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

Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Condo Sales for April 2011

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

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

Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Residential Sales for April 2011

05.27.11 by

Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Residential Sales for April 2011

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

There are currently 409 active listings. ( down 35 from March)

89 Residential sales are pending and awaiting close or lender approval (down 14 from last month)

47 Homes Sold in April (up 2 from December)

A good solid performance for the Hobe Sound Florida residential real estate market (zip code 33455) with more declines in the inventory and a slight increase in sold homes.  Pending sales were off from March though but remain at a strong level.

Search here for Hobe Sound Florida Real Estate for Sale

Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Residential Sales for April 2011

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 – A Lot to Offer

05.26.11 by

Stuart Florida – A Lot to Offer

Stuart, Florida is known as the “Sailfish Capital of the World”  with superb fishing that is readily available from the countless waterfront homes in Stuart. If you are interested in Stuart Florida Real Estate, please feel free to search available homes on our search pages here.

A very unique feature of Stuart, Florida is that it has minimized crowding by limiting the height of buildings to 4 stories. No High-Rises! Stuart allowed one modest exception, Martin Memorial Hospital, which is 6 stories high in downtown Stuart. It is recognized for excellence in Orthopedic Surgery as well as other specialties. The growth of this regional facility is keeping pace with the popularity of Stuart.

The children of greater Stuart enjoy the benefits of a school district that consistently serves as a leader in quality education. The students achieve above-average scores on national tests and earn national academic and sports honors. In addition to public schools, many private schools offer exceptional education opportunities to their students.

The town’s relaxed yet sophisticated atmosphere is one reason why people from all over the world gravitate to the Stuart Florida area. Stuart has positioned itself as a most attractive destination for its residents and newcomers are seeking Stuart, Florida real estate and who want to call Stuart, Florida their home.

Stuart Florida – A Lot to Offer

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

the Saint Lucie River on Florida’s Treasure Coast

05.25.11 by

the Saint Lucie River on Florida’s Treasure Coast

The Saint Lucie River is located in the Martin and Saint Lucie Counties of Florida. The North Fork originates in Saint Lucie County and winds for miles until joining the South Fork in Martin County on the shores of Palm City, Jensen Beach and Stuart.  The South Fork becomes the Okeechobee waterway and is navigable through the lake and beyond to the Gulf of Mexico via the Caloosahatchee River.
The Saint Lucie River in Martin County is almost a mile wide in places and offers residents great boating and aquatic recreation.  The river empties to the Atlantic Ocean at the Saint Lucie inlet which is only a short boat ride to the sparkling blue waters of the Bahamas.

the Saint Lucie River on Florida’s Treasure Coast

For more information, visit our website or call us at (772) 888-2885.
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Market Report: Jensen Beach, Florida Real Estate Snapshot for Zip Code 34957, Condo Sales for April 2011

05.24.11 by

Market Report: Jensen Beach, Florida Real Estate Snapshot for Zip Code 34957, Condo Sales for April 2011

For April 2011 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 61 active listings. (Down 2 from last month)

20 Condo sales are pending and awaiting close or lender approval. (Down 1 from  March)

6 Condos Sold (Down 1 from last month)

For the Jensen Beach, Florida condo market, slightly off results from the previous month.  The good news is the inventory continues to decline.  Less supply is a good indicator that the market may be approaching the bottom in this area.

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!

Market Report: Jensen Beach, Florida Real Estate Snapshot for Zip Code 34997, Condo Sales for April 2011

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

Cypress Lake Villas in Palm City Florida

05.23.11 by

Cypress Lake Villas in Palm City Florida

Cypress Lake in Palm City is a beautiful DiVosta-built community for people of all ages looking for a home that is large enough to be comfortable but also small enough to be easy to maintain. Each of the approximately 90 homes in Cypress Lake is of solid poured concrete construction with modern appliances, featuring pristine landscaping and many with lake views. Close to all the great things that Martin County has to offer such as “A” rated schools, entertainment and fantastic local restaurants. Cypress Lake is well located close to quick access points to I-95 and Florida’s Turnpike which makes this community a commuter’s dream!

Search here for available Cypress Lake Villas for Sale

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

Palm City Florida Real Estate is presented by:

Cypress Lake Villas in Palm City Florida

Market Report: Jensen Beach, Florida Real Estate Snapshot for Zip Code 34957, Residential Sales for April 2011

05.22.11 by

Market Report: Jensen Beach, Florida Real Estate Snapshot for Zip Code 34957, Residential Sales for April 2011

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

There are currently 181 active listings. (Unchanged from last month)

75 Residential sales are pending and awaiting close or lender approval. (down 5 from March)

25 Homes Sold (up 5 from last month)

Mixed results for the Jensen Beach Florida residential real estate market (zip code 34957) for this month.  Sales were up, but bucking the trend from the rest of Martin County, inventory levels remained unchanged and pending sales were off a small amount from last month.

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!

Market Report: Jensen Beach, Florida Real Estate Snapshot for Zip Code 34997, Residential Sales for April 2011

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

Condominium Market Report for April 2011 in Martin County, Florida

05.21.11 by

Condominium Market Report for April 2011 in Martin County, Florida

Corresponding fairly closely to the residential Martin County Market Report, condo sales were off from a year ago as well as from last month.  Possibly due in small measure to the coming end of the season, but not completely as it takes some time for transactions to close, typically from 30 to 60 days.  So, April sales actually represent contracts written in February and March.  Historically, April sales are typically slightly less than March.  Inventory had a small decline and we are back to inventory levels last seen in November of 2005.  Unfortunately, both median and average sales prices are still decreasing.  The one-month absorption rate is back up to 14.8 months for April.

Condominium Market Report for April 2011 in Martin County, Florida

the Gabe Sanders real estate team

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!

Residential Market Report for April 2011 in Martin County, Florida

05.20.11 by

Residential Market Report for April 2011 in Martin County, Florida

Mixed results for April in the Martin County Residential Market Report.  Sales were off considerably from last year (which it’s important to keep in mind were greatly inflated by the government’s first-time home buyer’s tax credit).   Unfortunately, sales were also off a bit from a very strong March of this year (down to 161 homes from a March total of 187).  On the positive side, the inventory is continuing to shrink, now down to 1531 units.  The last time it was at this level was back in November of 2005.  Both median and average sales prices were up for April, reflecting the fact that some higher-end homes are now selling.  The single-month absorption rate increased to 9.51 months (not reflected in my 3-month moving average chart).   It’s still too early to tell if we have actually bottomed out in this market and are holding steady or even seeing some price increases.  I expect June numbers to be off a little as we go into our seasonal cycle.

Residential Market Report for April 2010 in Martin County, Florida

the Gabe Sanders real estate team

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!