Martin County Single Family Homes 2022 2nd Quarter Report

08.01.22 by

Martin County Single Family Homes 2022 2nd Quarter Report

Click the image below to view the full details of the Martin County Single Family Homes quarterly data as reported by Martin County Realtors.

Martin County Single Family Homes 2022 2nd Quarter Report

The Martin County single-family home market had weaker sales volume and higher prices when compared to the 2nd quarter of 2021. The good news is that inventory is beginning to increase. The bad news is that it’s not enough yet and there are also higher prices and interest rates. This is causing a market that is in transition, though I think it will take some time and may be painful for both buyers and sellers of residential real estate before we see significant improvement.

To view the full report, click the image above or this link.

View the entire set of data at GabeSanders.com

View previous Martin County quarterly reports

Martin County Single Family Homes 2022 2nd Quarter Report

Mariner Village Gardens Real Estate Market Report July 2022

07.31.22 by

Mariner Village Gardens Real Estate Market Report July 2022

For July 2022, there are no Mariner Village Gardens townhomes for sale.

There are also no townhomes currently under contract.

In the past 12 months, 3 mariner Village Gardens homes have sold. Sales prices ranged from $195,000 up to $295,000. This works out to an average sales price of $251,667 which equals $169.00 per sq. ft. of living area. These properties averaged 2 days on the market before going under contract, and, they sold for an average of 97% of the list price.

View the previous Mariner Village real estate market report

About Mariner Village Gardens:

Mariner Village Gardens in Martin County Florida
Google Earth image

Mariner Village Gardens is a newer townhouse community that was built between 2006 and 2008 just west of US-1 (Federal Highway) in the southern part of unincorporated Martin County with a Stuart zip code.  These townhomes are all 3 bedrooms 2 and ½ bathroom homes with a 1 car garage.  Slight differences in floor plans result in interior square footage from a low of 1,435 sq. ft. up to 1,530.

Mariner Village Gardens in Martin County Florida
Google Earth image

There is an ample amount of green space between the front and back of these buildings along with a spacious community pool.  The location makes it convenient to either historic downtown Stuart as well as to the bustling town of Jupiter FL.  Also, only 10 to 15 minutes away from the crystal clear beaches of the Atlantic Ocean at Jupiter Island Beach.

Recent Mariner Village Gardens sales:

This community is open to all ages and these townhomes are set up as a condo community so the current condo fees of $262.00 per month (as of June 2020) also include the exterior maintenance as well as property insurance for the structure and lawn, landscaping, basic cable TV and the pool service.

Mariner Village Gardens in Martin County Florida
Google Earth image

Children in Mariner Village Gardens currently attend the Sea Wind elementary school, Murray middle school and South Fork high school.  This pet-friendly community will allow up to 2 large pets per unit.

All prospective buyers should be aware that after the initial opening, many units in Mariner Village Gardens had defective drywall issues.  Most if not all of these units have had professional drywall remediation and should be perfectly fine for occupancy, but an inspection and review of the remediation documents would be highly recommended.

Mariner Village Gardens in Stuart FL

Click here to see if any Mariner Village Gardens townhouses are available for sale

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

Please click on this link for the latest market reports for Martin County, Saint Lucie County, and the State of Florida.

Mariner Village Gardens Real Estate Market Report July 2022

Sewalls Point Real Estate Market Report July 2022

07.30.22 by

Sewalls Point Real Estate Market Report July 2022

As of July 2022, in Sewalls Point FL, there are 5 homes for sale. List prices range from $1,199,999 up to $13,000,000. This is an average list price of $4,881,667 which equals $892.68 per sq. ft. of living area.

There are 10 Sewalls Point homes currently under contract. List prices ranged from $850,000 up to $2,800,000. This works out to an average list price of $1,395,400 which is $430.48 per sq. ft. of living area. These homes averaged 28 days on the market before going under contract.

In the past 12 months, there have been 55 Sewalls Point home sales. Sales prices ranged from $505,000 up to $6,350,000. This equals an average sales price of $1,800,277 which works out to $485.11 per sq. ft. of living area. These homes averaged 48 days on the market before going under contract. And, they sold for an average of 98% of the list price.

Click here to view the previous Sewalls Point real estate market report

About the Town of Sewalls Point:

Sewalls Point homes for sale:

Sewalls Point is a charming peninsula town located on the eastern side of Martin County, Florida. Once more of a vacation town, Sewalls Point now is home to many younger families and full-time residents. Surrounded by water on its north, south, and west, this unique community is famous for its waterfront homes and is often called a boaters’ paradise.

Sewalls Point: Ideal for Water Lovers 
Sewalls Point Florida

Sewalls Point real estate offers wide water views of the Saint Lucie River, the Indian River, and the Intracoastal Waterway.

The tree-lined streets feature beautiful estate homes, many of which are waterfront with docks.  

Recently sold in Sewalls Point:

South Sewalls Point
Look Forward to a High Quality of Life in Sewalls Point, Florida

With a population of about 2,000 residents, Sewalls Point boasts a high quality of life with small-town character, while offering the amenities of a large town, such as shopping malls, restaurants, big-name chains, three nearby medical centers and more.

North Sewalls Point
  • Enjoy nearby beautiful beaches and an abundance of aquatic activities.
  • Go fishing in one of the many bodies of water surrounding Sewall’s Point.
  • Be a part of the excellent school system in Martin County.
  • Travel only a few minutes by boat to Manatee Pocket a harbor with marinas, waterfront restaurants, and tackle stores.
  • Shop or just browse at the Shoppes of Harbour Bay Plaza featuring specialty shops.
  • Take classes at one of the seven institutions of higher education within an hour’s drive.
  • Bring your children to the Children’s Museum of the Treasure Coast, offering 12,000 square feet of interactive exhibits.
  • Experience Indian River Park’s famous Interactive Fountain, hiking trails, and pier.
  • Attend one of the many local events held at Indian Riverside Park throughout the year such as Pet Fest and Concerts in the Park held once a month on a Sunday from January through May.
Sewall’s Point is a Uniquely Charming Place to Live!

The unique charm of Sewall’s Point real estate is reflected in the variety of homes in Sewall’s Point. Properties to meet the needs and tastes of everyone are found in the Sewall’s Point real estate market. Whether you are looking for an upscale, multi-million-dollar estate or a more modest home, there is something special for everyone in the Sewall’s Point real estate market.

Search here for Sewalls Point homes for sale

Aerial images courtesy of Google Earth

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

Please click on this link for the latest market reports for Martin County, Saint Lucie County, and the State of Florida.

Sewalls Point Real Estate Market Report July 2022

Florida Townhouses and Condos 2022 2nd Quarter Report

07.29.22 by

Florida Townhouses and Condos 2022 2nd Quarter Report

Click the image below to view the 2022 2nd Quarter Report as reported by Florida Realtors.

Florida Townhouses and Condos 2022 2nd Quarter Report

Sales volume declined and prices increased in the 2nd quarter of 2022 when compared to the same Sales volume declined and prices increased in the 2nd quarter of 2022 when compared to the same period last year.  The good news is that inventory is beginning to increase. The bad news is that it’s not enough yet and there are also higher prices and interest rates. This is causing a market that is in transition, though I think it will take some time and may be painful for both buyers and sellers of residential real estate before we see significant improvement.

To view the full report, click on the image above or this link.

View previous Florida quarterly reports here.

View the entire set of data at GabeSanders.com

Florida Townhouses and Condos 2022 2nd Quarter Report

Savanna Oaks Real Estate Market Report July 2022

07.29.22 by

Savanna Oaks Real Estate Market Report July 2022

For July 2022, there are no homes available for sale in the Savanna Oaks community of Jensen Beach FL. 

There are also no homes currently under contract.

In the past 12 months, only 1 Savanna Oaks home has sold.  The sales price was $875,000 which is $213.88 per sq. ft. of living space. This home was on the market for 244 days before going under contract.  And, it sold for 100% of the list price.

Click here to view the previous Savanna Oaks market report

Savanna Oaks in Jensen Beach FL

Savanna Oaks in Jensen Beach Florida
Google Earth image

Savanna Oaks homes for sale:

24 home sites on Savanna Road just north of Jensen Beach Blvd.   This is an upscale gated community with fairly high elevation (by Florida standards).

Homes in Savanna Oaks are mostly two stories with 3,000 to over 7,000 sq. ft. of living area and a minimum of 2 car garages.

Savanna Oaks in Jensen Beach Florida
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Recently sold in Savanna Oaks:

The HOA fees are $425.00 a month (as of March 2019) make Savanna Oaks a very desirable new community that is ideal for families.  Located only 2 miles from the beaches and only one mile to the Intracoastal as well as 2 miles to the Treasure Coast Mall as well as close proximity to both the elementary and high schools which are both ‘A’ rated.

savanna Oaks in Jensen Beach FL

Click here to search for available Savanna Oaks homes for sale

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Savanna Oaks Real Estate Market Report July 2022

Florida Single Family Homes 2022 2nd Quarter Report

07.28.22 by

Florida Single Family Homes 2022 2nd Quarter Report

Click the image below to view the full details of the 2022 2nd quarter single-family home market report as reported by Florida Realtors.

Florida Single Family Homes 2022 2nd Quarter Report

For the 2nd quarter of 2022, Florida single-family homes showed reduced sales activity and higher prices when compared to last year.  The good news is that inventory is beginning to increase. The bad news is that it’s not enough yet and there are also higher prices and interest rates. This is causing a market that is in transition, though I think it will take some time and may be painful for both buyers and sellers of residential real estate before we see significant improvement.

To view, the full report click the image above or this link.

View the entire set of data at the GabeSanders.com market data page.

Click here to view the previous Florida quarterly market reports

Florida Single Family Homes 2022 2nd Quarter Report

Miles Grant Real Estate Market Report July 2022

07.28.22 by

Miles Grant Real Estate Market Report July 2022

For July 2022, there are 2 condos available to purchase in the Miles Grant community of Stuart, FL in Rocky Point. The list prices are $239,999 and $285,000. This is an average list price of $262,500 which is $215.18 per sq. ft. of living area.

There are 4 Miles Grant condos currently under contract.  These condos had list prices ranging from $149,000 up to $285,000.  This is an average list price of $232,000 or $191.39 per sq. ft. of living area.  These condos were on the market for an average of 28 days before going under contract.

In the past 12 months, 31 Miles Grant homes and condos have sold.  Sales prices ranged from $110,000 up to $485,000.  This works out to an average sales price of $200,506 which equals $165.18 per sq. ft. of living area.  These homes averaged 24 days on the market before going under contract. And, they sold for an average of 99% of the list price.

Click here to view the previous Miles Grant market report

About Miles Grant Homes and Condos in Stuart FL

Miles Grant Country Club in Rocky Point in Stuart Florida
Google Earth image

Miles Grant homes and condos for sale:

The Miles Grant community lies on the southern edge of the Rocky Point area of Stuart FL just north of Cove Road and very close to the Saint Lucie inlet and the Intracoastal Waterway.  This community is home to the Miles Grant Country Club.  The Miles Grant Golf Course is a par 64 course with some of the best conditions for golfers available in the local area.  There are also 7 tennis courts and an active tennis club.  A full-service clubhouse with dining facilities and social membership.  More information about the Miles Grant Country Club can be found on their website at www.MilesGrant.net.

Miles Grant Country Club in Rocky Point in Stuart Florida
Google Earth image

Associated with the Country Club are the condos, townhouses, and homes making up the Miles Grant community.  These include the two phases of the Miles Grant Condominiums Phase 1 and Phase 2, Hanson’s Landing condos, River Pines townhouses, Fairway Villas of Miles Grant, Pine Breeze Golf Villas, Lakeside Villas of Miles Grant, Country Club Apartments, and Country Club Cove.

Recent Miles Grant sales:

Most of these homes and condos were built between the years of 1973 and 1979. 

Social membership in the Miles Grant Country Club is mandatory with the exception of Hansons Landing, River Pines, and Country Club Cove condos where it is optional.  This membership costs $1480.00 a year with food and drinks minimum of $350 per person.

Miles Grant Country Club in Rocky Point in Stuart Florida
Google Earth image

Search here for all Miles Grant Condos

Search here for all Miles Grant Homes

Hanson’s Landing Condo Search

River Pines Townhouses Search

Country Club Cove

Miles Grant in Stuart FL

Recent market reports:

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

Please click on this link for the latest market reports for Martin County, Saint Lucie County, and the State of Florida.

Miles Grant Real Estate Market Report July 2022

St Lucie County Townhouses and Condos June 2022 Market Report

07.27.22 by

St Lucie County Townhouses and Condos June 2022 Market Report

The St Lucie County Townhouses and Condos market had weaker sales activity when compared to last June. While we continue to have historically low inventory (though it is increasing), we are also facing rising interest rates and higher prices. I expect inventory to continue to increase which will exert downward pressure on prices and hopefully an increase in sales. Though, this will take some time. (Don’t ask me how long!) Closed sales were down by 38.8% from last year (were down by 34.7% in May). New pending sales were down by 36.4% for May (they were down by 29.5% last month).

Prices are still rising. The median price increased by 44.8% from last year (was up by 18.4% in May) and the average sales price increased by 28.9% (was up by 24.1% in May).

The inventory of available townhouses and condos increased by 38 units from last month to 201 residences. This is 24.8% greater inventory than we had in June 2021. The current inventory supply is 1.8 months, as compared to 1.1 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a tight sellers’ market, mainly because of the decrease in inventory. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.

St Lucie County Townhouses and Condos June 2022 Market Report
Click to download the full report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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.

St Lucie County Townhouses and Condos May 2022 Market Report

Hobe Sound Golf Club Real Estate Market Report July 2022

07.27.22 by

Hobe Sound Golf Club Real Estate Market Report July 2022

For July 2022, there is 1 home available to purchase in the Hobe Sound Golf Club. The list price is $1,500,000 or $612.49 per sq. ft. of living area.

There is also 1 home currently under contract. The list price was $3,200,000 which is $553.25 per sq. ft. of living area. This home was on the market for 26 days before going under contract.

In the past 12 months, 8 Hobe Sound Golf Club homes have sold.  Sales prices ranged from $740,000 up to $1,350,000.  This works out to an average sales price of $957,500 which equals $374.44 per sq. ft. of living area.  These homes went under contract in an average of 22 days. And, they sold for an average of 97% of the list price.

Click here to view the previous Hobe Sound Golf Club market report

About the Hobe Sound Golf Club:

The Hobe Sound Golf Club in Hobe Sound Florida
Google Earth image

Hobe Sound Golf Club homes for sale:

Located just west of US-1 (Federal Highway) on Bridge Rd in Hobe Sound FL is the gated community and golf club known as the Hobe Sound Golf Club.  With only 96 homes on over 240 acres, this secure community is one of the most desirable for those wishing to live in a golf course community.

The Hobe Sound Golf Club in Hobe Sound Florida
Google Earth image

The first homes were built in 1988 and now come in sizes from 5 bedrooms, 5 bathroom homes with over 5,000 sq. ft. of living area down to a few 2 bedrooms, 2 bathroom homes with just around 2,000 sq. ft. of living area.

This is a member-owned golf club and amenities include a full-service clubhouse with a dining room and pro shop.  There’s also an Olympic-sized community swimming pool.  24-hour manned security is also part of this upscale homeowners association.

Recent Hobe Sound Golf Club sales:

The Hobe Sound Golf Club is only 30 minutes away from the West Palm Beach International airport yet far removed from the congestion of big city life.

The Hobe Sound Golf Club in Hobe Sound Florida
Google Earth image

The golf course is a Joe Lee signature course and more information can be had by viewing the Hobe Sound Golf Club website here.

Hobe Sound Golf Club
Search links:

You can see the currently available Hobe Sound Golf Club homes for sale here.

Recent market reports:

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Hobe Sound Golf Club Real Estate Market Report July 2022

St Lucie County Single Family Homes June 2022 Market Report

07.26.22 by

St Lucie County Single Family Homes June 2022 Market Report

The June 2022 St Lucie County Single Family Home market had weaker activity when compared to last year. While we continue to have historically low inventory (though it is increasing), we are also facing rising interest rates and higher prices. I expect inventory to continue to increase which will exert downward pressure on prices and hopefully an increase in sales. Though, this will take some time. (Don’t ask me how long!) Closed sales were down by 13.6% for the month compared to last year (in May they were up by 2.3%). New sales under contract (new pending sales) decreased by 24.9% (they were down by 7.3% last month).

Prices were also up in June.  The median sales price was up by 30.8% (was up by 30.4% in May).  The average sales price was up by 28.8% (it was up by 31.6% in May).

The number of available home listings increased by 546 homes to 1228.  This inventory is 108.5% greater than last year.  The current supply of homes is 2.0 months (it was 1.0 months last year).  The St Lucie County single-family home market remains an extreme sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes June 2022 Market Report
Click here to download the full report

View previous St. Lucie County market reports here.

Recent County Market Report Posts:

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.

St Lucie County Single Family Homes June 2022 Market Report

Copperleaf Real Estate Market Report July 2022

07.26.22 by

Copperleaf Real Estate Market Report July 2022

For July 2022, there are currently 11 homes listed in the Copperleaf community in Palm City, Florida. The list prices range from $624,900 up to $1,999,900. This is an average list price of $1,486,345 which equals $480.59 per square foot of living area.

There is 1 Copperleaf home currently under contract. The list price was $1,250,000 which is $512.72 per square foot of living area. This home was on the market for 50 days before going under contract.

In the past 12 months, 15 Copperleaf homes have sold. Sales prices ranged from $550,000 up to $1,865,000. This equals an average sales price of $1,116,238 or $351.37 per square foot of living area.  Sale prices averaged 100% of the list price. And, these homes were on the market for an average of 13 days before going under contract.

Click here to view the previous Copperleaf market report

About Copperleaf in Palm City FL:

Copperleaf in Palm City Florida
Google Earth image

Copperleaf homes for sale:

Copperleaf in Palm City FL was first developed by Centex Homes with the first homes constructed and sold in 2007. New construction continues to the present now under the name of Pulte Homes. As of this writing, there are 123 homes in Copperleaf. Though, construction continues with room for considerably more homes.

Copperleaf in Palm City Florida
Google Earth image

Home sizes range from estate size homes on over ½ an acre with more than 6,000 sq. ft. of living area down to a smaller 3 bedroom, 2 bath homes with 2 car (or more) garages of 1,705 sq. ft. Copperleaf is conveniently located close to both Florida’s Turnpike and I-95 yet just minutes to shopping, restaurants and the well-respected schools that Martin County has to offer. Only a few more minutes and you can be on the beach or launch your boat at one of the many boat ramps in the area.

Recently sold in Copperleaf:

Copperleaf offers is a gated community with a manned gate by the beautiful entrance. There’s a clubhouse with exercise facilities, two tennis courts, a community pool and a playground for the little ones. As of this writing, the Home Owner’s Association fees are $233 per month. These fees cover Basic Cable TV, Manager, Recreational Facilities, Reserve Fund, Security and Trash pickup.

There are excellent new construction opportunities as well as re-sales available in Copperleaf of Palm City FL. Call us for details.

Copperleaf real estate in Palm City FL

Currently, these homes are available for sale in Copperleaf Palm City

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

Please click on this link for the latest market reports for Martin County, Saint Lucie County, and the State of Florida.

Copperleaf January 2022 Real Estate Market Report

Martin County Townhouses and Condos June 2022 Market Report

07.25.22 by

Martin County Townhouses and Condos June 2022 Market Report

The Martin County Townhouses and Condos had weaker sales volume when compared to last June. While we continue to have historically low inventory (though it is increasing), we are also facing rising interest rates and higher prices. I expect inventory to continue to increase which will exert downward pressure on prices and hopefully an increase in sales. Though, this will take some time. (Don’t ask me how long!) Closed sales for the month were down by 26.1%.  They were down by 19.9% in May.  New sales under contract (new pending sales) were down by 35.4% from last year.  They were down by 27.6% in May.

Prices continue to go up.  The median sales price increased by 48.4% (was up by 27.4% last month). While the average sales price increased by 40.7% (was up by 34.6% in May).

The inventory of available townhouses and condos increased by 49 units to 187 properties.  This is a 46.1% greater supply of inventory than we had in June 2021.  Currently, there’s a 1.8 months supply of inventory (compared to 1.1 months for June 2021).  We remain in a very extreme seller’s market for townhouses and condos in Martin County. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos June 2022 Market Report
Click here to download the full report

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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.

Martin County Townhouses and Condos June 2022 Market Report

Edgewater Villas Real Estate Market Report July 2022

07.25.22 by

Edgewater Villas Real Estate Market Report July 2022

For July 2022, there are no condos available for sale in the Edgewater Villas in the downtown area of Stuart Florida.

There is currently 1 Edgewater Villas condo under contract. This condo was listed for $698,000 which is $414.49 per sq. ft. of living area. It was on the market for 12 days before going under contract.

In the past 12 months, 1 Edgewater Villas condo has sold. The sales price was $639,200 which works out to $409.48 per sq. ft. of living area. This condo sold for 93% of the list price. And, it went under contract 13 days after being listed.

Click here to view the previous Edgewater Villas market report

About the Edgewater Villas Condominiums:

Edgewater Villas condos in Stuart Florida
Google Earth image

Edgewater Villas condos for sale:

Just west of Historic Downtown Stuart and on the shores of the Saint Lucie River lies the Edgewater Villas Condominiums. This complex consists of two waterfront buildings of four stories on over 2 acres that were built in 1976. These luxury condos come in both 2 or 3 bedroom sizes.  The 2  bedroom units are 1,561 sq. ft. and the 3 bedroom units are 1,684 sq. ft. of air-conditioned living area.  There are only four condos per floor in these buildings.

Edgewater Villas condos in Stuart Florida
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This community offers deep water docks that are just west of the Roosevelt Bridge. There is a large heated pool as well as a clubhouse with a kitchen, a billiard room as well as a common area member’s room. These condos are located next to the City of Stuart docks and mooring fields.

Recently sold Edgewater Villas condos:

The condo fees include basic cable TV, landscape/lawn, manager, recreation facilities, roof repair, trash and water, and sewer fees. Up to two large pets are permitted for each unit and rentals are allowed with some restrictions.

These Edgewater Villas Condos are very conveniently located and residents can easily walk to downtown Stuart as well as shops, restaurants, and supermarkets on US-1 (Federal Hwy).

Edgewater Villas condos in Stuart Florida
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All ages are welcome in the Edgewater Villas. And, children living here currently attend the JD Parker Elementary School, Stuart Middle School, and Jensen Beach High School.

Edgewater Villas real estate in Stuart FL

Click here to see if any Edgewater Villas Condos are for sale!

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Edgewater Villas Real Estate Market Report July 2022

Circle Bay Real Estate Market Report July 2022

07.24.22 by

Circle Bay Real Estate Market Report July 2022

As of July 2022, there are 3 condos for sale in the Circle Bay Yacht Club of Stuart FL. The list prices range from $255,900 up to $359,000. This is an average list price of $318,267 which equals $335.75 per sq. ft. of living area.

There are also 3 Circle Bay condos currently under contract. List prices ranged from $349,900 up to $420,000. This is an average list price of $381,633 which is $367.32 per sq. ft. of living area. These condos were on market for an average of 14 days before going under contract.

In the past 12 months, 21 Circle Bay Waterfront Condos have sold. Sales prices ranged from a low of $185,000 up to $394,900. This equals an average sales price of $284,657 which is $287.10 per sq. ft. These condos sold for an average of 97% of the last listed price. And, they were on the market for an average of 27 prior to going under contract.

Click here to view the previous Circle Bay market report

About the Circle Bay Yacht Club Condos in Stuart FL:

Circle Bay in Stuart Florida
Google Earth image

Circle Bay condos for sale:

The Circle Bay Yacht Club is an active waterfront 55+ condo community with docks (for boats up to 36′) that have easy wide river and ocean access. Docks are not deeded, rather rented at reasonable monthly rates.

Circle Bay in Stuart Florida
Google Earth image

There are 295 condos in 14 buildings that were constructed from 1974 to 1982. A number of buildings have elevators. Unit sizes vary from a low of 1 bedroom, 1 & ½ bathroom condos of 751 sq. ft. of living area up to 2 bedroom, 2 bathroom ones with 1,294 sq. ft. Additionally, covered carports are provided as well as ample guest parking.

Circle Bay in Stuart Florida
Google Earth image

Recently sold in Circle Bay:

Heated pools, grills, etc. are some of the numerous amenities available for residents of the Circle Bay Yacht Club. The clubhouse also boasts a hobby shop with tools available for use by the residents. Rentals are permitted with restrictions. Sorry, no pets are permitted in Circle Bay.  In summary, the condo fees include Basic Cable, Fire-Liability Insurance, Grounds-Plants, Exterior Maintenance, Manager, Pest Control, Recreational Facilities, Reserve Funds, Roof Maintenance, Security, Sewer, Trash Removal, and Water.

Circle Bay Waterfront Condos Homes for Sale in Palm City Florida

Recent market reports:

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

Please click on this link for the latest market reports for Martin County, Saint Lucie County, and the State of Florida.

Circle Bay Real Estate Market Report July 2022

Monarch Country Club Real Estate Market Report July 2022

07.23.22 by

Monarch Country Club Real Estate Market Report July 2022

For July 2022, there 5 active listings in the Monarch Country Club in Palm City FL. The list prices range from $399,900 up to $980,000. This is an average list price of $679,760 which works out to $301.38 per sq. ft. of living area.

Currently, there are 2 Monarch homes under contract. The list prices were $475,000 and $1,150,000. This works out to an average list price of $812,500 or $286.72 per sq. ft. of living area. These homes were on the market for an average of 33 days before going under contract.

In the past 12 months, 49 Monarch Country Club homes have sold. Sales prices ranged from a low of $265,000 up to $1,300,000. This equals an average sales price of $604,273 which equals $270.72 per sq. ft. of living area. These homes sold on average for 98% of the list price. And, they were on the market for an average of 22 days before going under contract.

Click here to view the previous Monarch market report

About the Monarch Country Club

Monarch Country Club in Palm City Florida
Google Earth image

Monarch Country Club homes for sale:

One of Palm City’s premier neighborhoods, Monarch Country Club is home to the ‘Monarch’ Golf Course in a wonderful gated community of approximately 500 homes.

Homes in the Monarch Country Club range in size from estate-sized homes with over 3,800 sq. ft. of living area and up to 5 bedrooms and 4 bathrooms with 3 car garages down to smaller attached villas with a more modest 1,300 sq. ft. of living area and 2 bedrooms, 2 bathrooms and a 2 car garage. For those living in the Monarch Country Club, membership in the golf club is not mandatory and there are a number of social memberships also available including tennis and community pool memberships.

Monarch Country Club in Palm City Florida
Google Earth image

All ages and pets are welcome in Monarch and children are currently zoned to attend the Bessey Creek Elementary School, Hidden Oaks Middle School, and Martin County High School.

This community is well located in Palm City close to Florida’s Turnpike for commuters and with easy access to shopping, restaurants, medical facilities and the many boat ramps and waterways in Martin County.

Recent Monarch Country Club sales:

About the Golf Club:

The championship course at Monarch boasts 6,867-yard par 72 with a slope of 133 and a rating of 73.6. Shorter options exist for all levels of play. This is an Arnold Palmer designed course that opened in 1987 and is currently managed as a ClubCorp facility.

Monarch Country Club in Palm City Florida
Google Earth image

There’s a beautiful clubhouse with a pro shop, fine dining room, snack bar and outside bar that is open to club members and residents of Monarch Country Club. The two-story structure offers beautiful views of the emerald green fairways of the ‘Monarch’ course at the Monarch Country Club. This fine facility is also available for business, social conferences and weddings. Adjacent to the clubhouse is a professional-caliber tennis facility with six perfectly maintained, lighted Har-Tru courts. A full-service Pro Shop is available to suit all of your needs. Lessons, groups, tournaments are all accommodated by the friendly staff.

entrance to the Monarch Country Club
Search for Monarch Country Club Homes:

Here are the currently available Monarch Country Club Homes for Sale

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Monarch Country Club Real Estate Market Report July 2022

Martin County Single Family Homes June 2022 Market Report

07.22.22 by

Martin County Single Family Homes June 2022 Market Report

The Martin County Single Family Homes Market Report showed considerably weaker activity than last June. While we continue to have historically low inventory (though it is increasing), we are also facing rising interest rates and higher prices. I expect inventory to continue to increase which will exert downward pressure on prices and hopefully an increase in sales. Though, this will take some time. (Don’t ask me how long!)  Closed sales were down by 32.7% from last year (were down by 20.9% in May).  While new pending sales decreased by 30.6% as compared to last year (decreased by 27.2% last month).

Prices were up for the month of June.  The median sales price increased from last year by 20.4% (it was up by 24.4% in May) while the average sales price increased by 2.4% (it was down by 0.6% last month).

The inventory of available single-family homes increased by 88 homes from last month to 429. This is 41.1% larger inventory than last June.  The current supply of homes is 2.2 months.  For June of last year, it was 1.2 months of supply.  We remain in an extreme seller’s market for Martin County single-family home sales.  A balanced market favoring neither buyers nor sellers is considered to be a 6 to 7 month supply of inventory.

Martin County Single Family Homes June 2022 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes June 2022 Market Report

Mystic Cove Real Estate Market Report July 2022

07.22.22 by

Mystic Cove Real Estate Market Report July 2022

As of July 2022, there are no homes on the market in the Mystic Cove community of Hobe Sound FL.

There are also no homes currently under contract (pending).

In the past 12 months, 5 Mystic Cove homes have sold. Sales prices were $755,000 and $1,239,600. This is an average sales price of $1,035,300 or $383.96 per sq. ft. of living area. These homes averaged only 1 day on the market before going under contract. And, they sold for an average of 109% of the list price.

Click here to view recent Mystic Cove market reports!

About Mystic Cove in Hobe Sound:

Mystic Cove in Hobe Sound
Image courtesy of Google Earth

Mystic Cove homes for sale:

Mystic Cove in Hobe Sound is a gated community of only 35 lots. As of this writing, there are still 2 vacant lots that have yet to be built upon. This is a waterfront community on the Intracoastal Waterways and just on the east side of Gomez Ave about a half-mile north of Bridge Road (which accesses Jupiter Island and the shores of the crystal clear waters of the Atlantic Ocean.

Mystic Cove in Hobe Sound
Google Earth Image

Mystic Cove has 16 deeded docks available exclusively to owners within the community.  These docks are accessible via a boardwalk through the mango preserve area. These docks may have lifts with electricity and water available. Access to the Ocean is either through the Saint Lucie Inlet in Stuart or the Jupiter Inlet in Jupiter.

Recent Mystic Cove home sales:

The homes in Mystic Cove were built from 1989 to 2008 and range in size from just under 2,000 sq. ft. of living area with 3 bedrooms and 2 bathrooms up to over 3,500 sq. ft. and 4 bedrooms and 4 bathrooms. All of these lots are over one-quarter of an acre with the largest lots just over one-third of an acre.

Mystic Cove in Hobe Sound
Google Earth Image

Children in Mystic Cove are zoned to attend the Hobe Sound Elementary School, Murray Middle School and the South Fork High School.

Mystic Cove

Click on this link to see available homes for sale in Mystic Cove

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Mystic Cove Real Estate Market Report July 2022

Florida Townhouses and Condos June 2022 Market Report

07.21.22 by

Florida Townhouses and Condos June 2022 Market Report

Florida Townhouses and Condos showed slower sales activity when compared to last year. While we continue to have historically low inventory (though it is increasing), we are also facing rising interest rates and higher prices. I expect inventory to continue to increase which will exert downward pressure on prices and hopefully an increase in sales. Though, this will take some time. (Don’t ask me how long!) Closed sales were down by 27.0% as compared to last month’s decrease of 14.4%.  New sales under contract (new pending sales) decreased by 30.1% (In May, there was a 25.1% decrease).

Prices are still going up.  The median sales price was up by 26.4% (was up by 28.8% in May). While the average sales price increased by 21.6% (was up 19.2% in May).

The inventory of active listings increased by 2.4% from June of last year.  This results in 1.9 months supply of inventory as compared to 1.7 months for June 2021.  Remaining in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos June 2022 Market Report

Click here to view the full report!

View previous Florida townhouses and condo market reports by clicking this link.

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.

Florida Townhouses and Condos June 2022 Market Report

Egret Pond Real Estate Market Report July 2022

07.21.22 by

Egret Pond Real Estate Market Report July 2022

As of July 2022, there are no homes on the market in the Egret Pond community of the Martin Downs Country Club of Palm City FL.

There are also no homes currently under contract in Egret Pond.

In the past 12 months, there have been 4 Egret Pond homes sold in this Martin Downs community. Sales prices ranged from $259,900 up to $350,000.  This works out to an average sales price of $314,975 which equals $197.41 per square foot of living area. Notably, these homes were on the market for an average of only 11 days before going under contract. And, they sold for an average of 100% of the list price.

Click here to view the previous Egret Pond market report

About Egret Pond in Martin Downs:

Egret Pond in the Martin Downs Country Club in Palm City Florida
Google Earth image

Egret Pond homes for sale:

Egret Pond in the Martin Downs Country Club in Palm City Florida
Google Earth image

These are all concrete block construction homes with flat cement tile roofs. The HOA fees include landscaping and lawn maintenance, basic cable TV, a reserve fund for the common areas, exterior painting, and security. The Martin Downs Country Club area is a guard gated community with roving security patrols as needed.

Recent sales in Egret Pond:

All ages are welcomed and pets are also allowed in this popular community. Children are currently zoned to attend the Crystal Lake Elementary, Hidden Oaks Middle, and Martin County High Schools.

Egret Pond in Martin Downs
Egret Pond in Martin Downs

Additionally, Egret Pond is very conveniently located close to Florida’s Turnpike for those looking to travel to parts north or south. So, this is a very affordable and excellent choice for those looking for a home within the Palm City area of Martin County.

Egret Pond in Martin Downs

Click here to see the available Egret Pond homes for sale in Palm City FL

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Egret Pond Real Estate Market Report July 2022

Florida Single Family Homes June 2022 Market Report

07.20.22 by

Florida Single Family Homes June 2022 Market Report

The Florida Single Family Home market activity had lower sales volume compared to last June.  While we continue to have historically low inventory, we are also facing rising interest rates and higher prices. I expect inventory to continue to increase which will exert downward pressure on prices and hopefully an increase in sales. Though, this will take some time. (Don’t ask me how long!) Closed sales were down by 17.2% (were down by 6.9% in May). New sales under contract (new pending sales) were down by 20.9% (were down by 13.1% in May).

Prices are still going up.  The median sales price rose by 19.7% (it was up by 21.8% in May). And, the average sales price was up by 13.9% (it was up by 15.6% last month).

The inventory of available homes for sale increased by 61.8% from last year.  This represents only a 1.9 months supply of inventory. Florida remains in a seller’s market with a major advantage for sellers. (June 2021 had a 1.1 months supply)  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory. 

Previous Florida real estate market report posts.

Florida Single Family Homes June 2022 Market Report

Click here to view the full report!

Recent Florida Market Report Posts:

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.

Florida Single Family Homes June 2022 Market Report