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Murano Homes January 2019 Housing Market Report

01.26.19 by

Murano Homes January 2019 Housing Market Report

Palm City Florida Real Estate

There are currently 4 homes available for purchase in the Murano community in Palm City FL with list prices ranging from $314,900 up to $394,900 which is an average list price of $357,200 or $134.48 per sq. ft. of living area.

 

There are no homes under contract at this time in the Murano subdivision of Palm City, FL.

 

In the past year, 11 homes have sold in Murano with sales prices ranging from $285,000 up to $389,000 for an average sales price of $322,014 which equals $136.47 per sq. ft. of living area.  The average days on market before going under contract for these homes was 87 with a list to sales price ratio was 98%.

About the Murano Community in Palm City FL:

Murano Community in Palm City FL

Conveniently located off of Martin Downs Blvd and Sunset Trail, Murano is a new home community with 110 homes. Originally developed by Home Dynamics with homes built in 2007 and later this community was taken over by D. R. Horton with building resuming in 2011 to the present. Murano homes range from two story 5 Bedroom 4 bathroom homes of 0ver 3,200 sq. ft. to single story 2 Bedroom, 2 bath homes of just over 1,700 sq. ft.
Murano Community in Palm City FL

This is a very family friendly neighborhood close to schools, shopping and Florida’s Turnpike for commuters. There is a community pool and low HOA fees of $133 per month.

Murano Community in Palm City FL

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Murano Homes January 2019 Housing Market Report

 

The Florida Club January 2019 Market Report

01.14.19 by

The Florida Club January 2019 Market Report

Stuart, Florida

As of January 2019, there are 5 Florida Club homes for sale.  List prices range from $299,000 up to $459,900 for an average list price of $394,580 which works out to $198.92 per sq. ft. of living area.

There are 4 homes under contract awaiting closing.  List prices ranged from $269,900 up to $494,500.  This equals an average list price of $353,325 which works out to $196.47 per sq. ft. of living area.  These homes averaged 65 days on the market before going under contract.

In the past 12 months, 29 homes have sold in the Florida Club with sales prices ranging from $255,000 up to $476,900 for an average sales price of $341,009 which equals $179.44 per square foot of living area.  The average days on market before going under contract was 49 days with a 97% list to sales price ratio.

About the Florida Club:

Conveniently located at the gateway to Stuart, Florida and Martin County, the Florida Club is a DiVosta built golf club community located off Kanner Highway and within minutes of I-95. This non-equity golf club community consists of 433 homes.  113 homes in the estate’s section of the Florida Club featuring larger lots and spacious estate sized homes.  Many with both lake or golf course views and a few with both.  The remaining Florida Club homes feature either single family or attached one-story villas, many also with golf course and/or lake views.  Residents of the Florida Club can enjoy daily golf or if they wish can forgo being a member and just enjoy the benefits of living in a wonderful gated community without the expense of golf club membership.  Additionally, for those wishing to play only occasional (or just seasonal) golf, the Florida Club is open for non-members.

The Florida Club in Stuart Florida
Google Earth image

Perfect for anyone who wants the convenience of easy access to I-95 with Palm Beach, Fort Lauderdale and Miami, just a quick trip to the south and Orlando to the north. Yet still only minutes to the wonderful Atlantic Beaches of both Stuart or Hobe Sound and Jupiter Island.

The Florida Club in Stuart Florida
Google Earth image

The Martin County location ensures low property taxes and ‘A’ rated school system. Enjoy the Florida sunshine and all that this friendly neighborhood has to offer.

The monthly homeowners association fees are $230.00 to $260.00 depending on the section the home is located in.  There is also a one time capito; contribution of $600.00 charged for all home buyers.  For more information about golf at the Florida Club January 2019 Market Report please visit their website: Florida Club Web Site.

The Florida Club in Stuart

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Stuart Florida Real Estate is presented by:
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The Florida Club January 2019 Market Report

Summerfield Real Estate Market Report January 2019

01.13.19 by

Summerfield Real Estate Market Report January 2019

As of January 2019, there are 4 homes on the market in Summerfield ranging in listing price from $329,900 up to $475,000.  This is an average list price of $410,975 which equals $188.42 per square foot of living area.

There are 2 homes under contract (pending) awaiting their closing. Listing prices were $424,000 and $449,000.  This equals an average list price of $436,500 which is $203.23 per square foot of living area. These homes averaged 21 days on the market prior to receiving an accepted offer.

In the past 12 months, 24 Summerfield homes have sold.  Sales prices ranged from $270,000 up to $710,000.   This works out to an average sales price of $383,829 which equals $191.83 per square foot of living area.  These homes averaged 48 days on the market before going under contract and the average list to sales price ratio was 97%.

About Summerfield the Home of the Champions Golf Club:

Summerfield in Stuart Florida

Summerfield is located on over 275 acres and hosts a little over 500 single family homes adjoining the Champions Golf Course.  Selected as one of the top 10 Golf Courses he nation by Golf Magazine in 1995, it is the first public golf course awarded the Audubon Signature Sanctuary Statuary because of its natural beauty.  This Tom Fazio designed course is open to the public with very reasonable membership fees.  Visit the Champions Course website for more information at http://www.thechampionsgolfclub.com/

the Champions Club at Summerfield

The residential section is known as Summerfield and is a secured gated community with homes ranging in size from smaller 2 bedroom coach homes of around 1500 square feet up to 5 bedroom estate homes boasting over 3,000 square feet of living area.

Summerfield in Stuart Florida

Summerfield boasts an exceptionally large community pool and clubhouse with dining and entertainment facilities, fitness center and a professional 6 court Tennis club.  All of these amenities are available at the very reasonable HOA fee of $130.00 a month, along with the convenience of on-site manager to handle any issues that may arise.

the Champions Club at Summerfield

Very conveniently located near US-1 and Cove Rd, residents can enjoy close proximity to shopping, medical facilities with downtown Stuart only minutes away and only 30 minutes to the Palm Beaches.  Easy access to I-95 where travel to Orlando or Miami is only 2 hours by car.

Summerfield in Stuart Florida

The following homes are currently available for sale in Summerfield:

Summerfield Homes for Sale

Stuart Florida Real Estate

Summerfield Real Estate Market Report January 2019

Sewalls Point Single Family Market Report December 2018

01.10.19 by

Sewalls Point Single Family Market Report December 2018

Sewalls Point Real Estate Snapshot, Residential Sales for December 2018

 

There are currently 69 active listings (Up by 1 home from last month)

Sewalls Point Single Family Market Report December 2018

9 home sales are pending and awaiting close or lender approval (Unchanged from November)

Sewalls Point Single Family Market Report December 2018

5 Homes sold in December (Increased by 3 homes sales from November)

Sewalls Point Single Family Market Report December 2018

The single-family real estate market in Sewalls Point showed a nice little rebound in sales for December, though a little more activity would be welcome.

The absorption rate dropped to 13.4 months, in November it was 34 months.  Still a buyers market for Sewalls Point but trending in the right direction.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to December 2017, the inventory was 46 homes on the market, 13 pending sales and there were 3 closed sales.  A nice little improvement of closed sales for this year, but this is with a considerably larger inventory of available homes for sale.

Sewalls Point Single Family Market Report December 2018

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Sewalls Point Single Family Market Report December 2018

 

St Lucie County Single Family Homes November 2018 Market Report

01.08.19 by

St Lucie County Single Family Homes November 2018 Market Report

St Lucie County Single Family Homes November 2018 Market Report continues to show some improvemnt when compared to last year, but also some potential weak spots.  Closed sales were up by 4.2% (in October they were up by 7.0%) and new sales under contract (new pending sales) decreased by 12.6% (they was down by 7.6% last month).

Prices were mixed this month.  The median sales price was up by 1.4% (was up by 4.8% in October).  The average sales price was down by 0.8% (it was up by 8.6% in October).

Listings increased by 122 homes up to 1,956 homes on the market.  This inventory is 20.5% higher than last year.  The current supply of homes is 4.2 months (it was 3.5 months last year).  The St Lucie County single family home market remains in a sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes November 2018 Market Report

Click here to view or download the full report:
St Lucie County Single Family Homes November 2018 Market Report

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 November 2018 Market Report

Martin County Single Family Homes November 2018 Market Report

01.04.19 by

Martin County Single Family Homes November 2018 Market Report

The Martin County Single Family Homes November 2018 Market Report had considerably weaker sales activity when compared to last year.  Closed sales were down by 23.0% (were up by 24.1% in October).  While new pending sales decreased by 13.1% as compared to November 2017 (Decreased by 14.0% in October).

Prices were mixed for November.  The median sales price was up by 11.3% from last year (up by 15.9% in October) while the average sales price decreased by 5.6% (was up by 10.4% last month).

The inventory of available single-family homes decreased from last month by 9 homes to 976 units for November,  this is 1.0% less than last November.  The current supply of homes is 4.8 months, for November of last year, it was also a 4.8 months supply.  We’re still in a seller’s market for Martin County single-family home sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Single Family Homes November 2018 Market Report

Click here to view or download the full report:
Martin County Single Family Homes November 2018 Market Report

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 November 2018 Market Report

Sewalls Point Single Family Market Report November 2018

12.14.18 by

Sewalls Point Single Family Market Report November 2018

Sewalls Point Real Estate Snapshot, Residential Sales for November 2018

 

There are currently 68 active listings (Up by 11 homes from last month)

Sewalls Point Single Family Market Report November 2018

9 home sales are pending and awaiting close or lender approval (Up by 3 homes from October)

Sewalls Point Single Family Market Report November 2018

2 Homes sold in November (Decreased by 5 homes sales from October)

Sewalls Point Single Family Market Report November 2018

The single-family real estate market in Sewalls Point has continued to increase the number of homes for sale  (inventory).  And sales were down for the month, though pending sales improved.

The absorption rate jumped to 34 months, in October it was 8.1 months.  An extreme buyers market for Sewalls Point.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to November 2017, the inventory was 47 homes on the market, 9 pending sales and there were 10 closed sales.  Much stronger activity on a smaller inventory of available homes last year.

Sewalls Point Single Family Market Report November 2018

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Sewalls Point Single Family Market Report November 2018

 

St Lucie County Single Family Homes October 2018 Market Report

12.12.18 by

St Lucie County Single Family Homes October 2018 Market Report

St Lucie County Single Family Homes October 2018 Market Report had strong sales activity when compared to last year but new pending sales declined.  Closed sales were up by 7.0% (in September they were up by 10.1%) and new sales under contract (new pending sales) decreased by 7.6% (they were up by 33.1% last month).

Prices continued to rise.  The median and average sales prices up by 4.8% and 8.6% respectively from last October (For September these numbers were up 12.2% and 5.5%).

Active listings increased by 100 homes up to 1,834 homes.  This inventory is 17.0% higher than last year.  The current supply of homes is  3.9 months (was 3.7 months for September) and 3.4 months for last year.  The St Lucie County single family home market remains a strong sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes October 2018 Market Report

Click here to view or download the full report:
St Lucie County Single Family Homes October 2018 Market Report

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 October 2018 Market Report

Martin County Single Family Homes October 2018 Market Report

12.10.18 by

Martin County Single Family Homes October 2018 Market Report

The Martin County Single Family Homes October 2018 Market Report continued with strong closed activity but new pending sales were down.  Closed sales were up by 24.1% (was up by 32.2% in September).  While new pending sales decreased by 14.0% as compared to October 2017 (Increased by 54.3% in September).

Prices also increased for October.  The median sales price was up by 15.9% from last year (down by 6.5% in September) while the average sales price increased by 10.4% (was down by 1.9% last month).

The inventory of available single-family homes increased from last month by 111 homes to 985 units for October,  this is 0.6% more than last October of 2017.  The current supply of homes is 4.8 months, for October of last year, it was also a 4.8 months supply.  We’re still in a seller’s market for Martin County single-family home sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Single Family Homes October 2018 Market Report

Click here to view or download the full report:
Martin County Single Family Homes October 2018 Market Report

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 October 2018 Market Report

Sunset Trace Palm City December 2018 Market Report

12.07.18 by

Sunset Trace Palm City December 2018 Market Report

As of December 2018, there are 7 homes for sale in Sunset Trace.  These homes have list prices from $160,000 up to $261,900.  This is an average list price of $188,400 or $145.26 per square foot of living area.

There are 5 homes under contract and awaiting settlement.  The list prices ranged from $157,900 up to $179,900.  This works out to an average list price of $169,333 which equals $127.99 per sq. ft. of living area.  These homes were on the market for an average of 35 days prior to going under contract.

In the past 12 months, 43 homes have sold in Sunset Trace.  Sales prices ranged from a low of $125,000 up to $215,000.  This equals an average sales price of $161,577 or $124.27 per sq. ft. of living area.  These homes sold for an average of 97% of their final list price and went under contract in an average of 43 days of being on the market.

 About Sunset Trace in Palm City FL:

Just across the street from the Martin Downs Golf Club lies the gated community of Sunset Trace in Palm City, FL.  Conveniently located close to Florida’s Turnpike as well as shopping, restaurants and medical facilities.  And only a 15-minute ride to the pristine waters of the Atlantic Ocean and the numerous waterways and boating facilities available in Martin County, FL.

Sunset Trace is a DiVosta community of approximately 500 residences.  There are four types of homes in this community.   DiVosta quad townhomes which feature 2 Bedrooms and 2 and ½ bathrooms with 1,236 sq. ft. of living area.  Stamford models, also four townhomes to a building featuring 2 Bedrooms and 2 and ½ bathrooms with 1,1374 sq. ft. of living area.  Wellesley models have 3 Bedrooms and 2 Bathrooms in 1,295 sq. ft. and finally, the Villas in Sunset Trace offer attached single family homes with 3 Bedrooms, 2 and ½ baths and a one car garage in 1346 square feet of living area.

Sunset Trace was developed and built from 1984 to 1988.  It features two community pools, three tennis courts, outdoor racquet and/or handball courts and a full-size basketball court.  There’s a playground for the little ones as well.  This is a lushly landscaped community with a number of lakes and ponds on the grounds making for some great water views.

All ages are welcome in Sunset Trace and children attend Citrus Grove Elementary School, Hidden Oaks Middle School, and Martin County High School.  The HOA fees run $305 per month, but include exterior and hurricane insurance, basic cable TV, Lawn and Landscaping, pest control and security.  Making life in Sunset Trace easy and carefree.

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Sunset Trace Villas and Townhomes for Sale

Sunset Trace Palm City December 2018 Market Report

Sewalls Point Single Family Market Report October 2018

11.19.18 by

Sewalls Point Single Family Market Report October 2018

Sewalls Point Real Estate Snapshot, Residential Sales for October 2018

 

There are currently 57 active listings (Up by 6 homes from last month)

Sewalls Point Single Family Market Report October 2018

6 home sales are pending and awaiting close or lender approval (Down by 2 homes from September)

Sewalls Point Single Family Market Report October 2018

7 Homes sold in October (Decreased by 1 home sales from September)

Sewalls Point Single Family Market Report October 2018

The single-family real estate market in Sewalls Point has been showing increases in inventory.  Sales were off slightly from last month and pending sales were down as well.

The absorption rate rose to 8.1 months, in September it was 6.4 months.  Back into a buyers market for Sewalls Point.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to October 2017, the inventory was 41 homes on the market, 15 pending sales and there were 1 closed sales.  The inventory and sales are up for Sewalls Point in 2018.

Sewalls Point Single Family Market Report October 2018

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Sewalls Point Single Family Market Report October 2018

 

Florida Single Family Homes 2018 3’rd Quarter Report

11.09.18 by

Florida Single Family Homes 2018 3’rd Quarter Report

Click the image below to view the full details of the Florida single family home market report data as reported by Florida Realtor for the 3’rd Quarter 2018.

Florida Single Family Homes 2018 3'rd Quarter Report

The third quarter for 2018 showed continued positive activity when compared to last year for the Florida single family home market.  And, prices continue to rise, though at a more moderate pace.

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

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

Florida Single Family Homes 2018 3’rd Quarter Report

St Lucie County Single Family Homes September 2018 Market Report

11.07.18 by

St Lucie County Single Family Homes September 2018 Market Report

St Lucie County Single Family Homes September 2018 Market Report continued to show strong sales activity when compared to last year.  Closed sales were up by 10.1% (in August they were up by 14.1%) and new sales under contract (new pending sales) increased by 33.1% (they were down by 5.8% last month).

Prices also continued to rise.  The median and average sales prices up by 12.2% and 5.5% respectively from last September (For August these numbers were up 9.8% and 8.7%).

Active listings increased by 101 homes up to 1,734 homes.  This inventory is 10.8% higher than last year.  The current supply of homes is  3.7 months (was 3.6 months for August) and 3.5 months for last year.  The St Lucie County single family home market remains a strong sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes September 2018 Market Report

Click here to view or download the full report:
St Lucie County Single Family Homes September 2018 Market Report

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 September 2018 Market Report

Conquistador Homes and Condos Market Report November 2018

11.06.18 by

Conquistador Homes and Condos Market Report November 2018

Homes:  There are no homes currently on the market in Conquistador Estates.

There is one home currently under contract.  The list price was $319,999 which works out to $224.56 per sq. ft. of living area.  This home was on the market for 79 days prior to going under contract.

In the past 12 months, there have been 8 homes sold in Conquistador Estates.  The sales prices ranged from $235,000 up to $360,000.  This is an average sales price of $278,188 which works out to $158.63 per sq. ft. of living area.  These homes were on the market for an average of 57 days prior to going under contract and sold for an average of 94% of the listed price.

Condos:  There are currently 2 condos for sale in Conquistador.  Listing prices are $119,900 and $139,000.  The average list price is $129,450 which equals $117.86 per sq. ft. of living area.

3 Condos are under contract awaiting settlement.  List prices ranged from $99,900 up to $169,900 for an average of $139,933 which works out to $124.62 per sq. ft. of living area.  These condos were on the market for an average of 46 days prior to going under contract.

In the past 12 months, 21 condos have sold in Conquistador.  Sales prices ranged from $90,000 up to $187,500.  The average sales price was $129,529 which equals $120.48 per sq. ft. of living area. These sales averaged a 94% list to sales ratio as well as going under contract in an average of 44 days after being listed.

About Conquistador Homes and Condos in Stuart FL:

Conquistador homes and condos are in the prime senior location in Stuart Florida.  The Conquistador community is located on the shores of the wide Saint Lucie River and only minutes from the beaches of the Atlantic Ocean as well as being right next door to the Martin County Municipal Golf Course with easy access to shopping, restaurants, medical facilities.

Conquistador is a mix of single family homes (the estate’s section) and 3 story condominiums.  The condominiums have access to their own pool areas as well as barbecue areas or the main clubhouse pool.

This is a very active senior community with an active clubhouse with fitness room, main ballroom, reading library and activities throughout the year.  Conquistador is not just a seasonal residence as many owners enjoy the benefits of year round living in fabulous Martin County with all the amenities that this jewel of the Treasure Coast has to offer.

Search for available Homes in Conquistador

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 For any questions you November have about Conquistador Homes and Condos in Stuart, Florida, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Stuart Florida Real Estate

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

Conquistador Homes and Condos Market Report November 2018

Martin County Single Family Homes September 2018 Market Report

11.05.18 by

Martin County Single Family Homes September 2018 Market Report

The Martin County Single Family Homes September 2018 Market Report reported a very strong month for sales volume when compared to last year as well as the past few months.  Closed sales were up by 32.2% (was down by 15.8% in August).  While new pending sales increased by 54.3% as compared to September 2017 (Increased by 15.8% in August).

Prices, however, were down for September.  The median sales price was down by 6.5% from last year (down by 1.4% in August) while the average sales price decreased by 1.9% (was up by 2.2% last month).

The inventory of available single-family homes decreased from last month by 26 homes to 874 units for September,  this is 9.7% less than last September of 2017.  The current supply of homes is 4.3 months, for September of last year, it was a 4.7 months supply.  We’re still in a seller’s market for Martin County single-family home sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Single Family Homes September 2018 Market Report

Click here to view or download the full report:
Martin County Single Family Homes September 2018 Market Report

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 September 2018 Market Report

Sewalls Point Single Family Market Report September 2018

10.15.18 by

Sewalls Point Single Family Market Report September 2018

Sewalls Point Real Estate Snapshot, Residential Sales for September 2018

 

There are currently 51 active listings (Down by 1 home from last month)

Sewalls Point Single Family Market Report September 2018

8 home sales are pending and awaiting close or lender approval (Down by 4 homes from August)

Sewalls Point Single Family Market Report September 2018

8 Homes sold in September (Increased by 5 homes sales from August)

Sewalls Point Single Family Market Report September 2018

The single-family real estate market in Sewalls Point had a strong month for closed sales but did have a drop in the  number of pending sales.  Pretty good rebound after a very slow August.

The absorption rate plunged to 6.4 months, in August was 17.3 months.  Back into a balanced market for Sewalls Point.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to September 2017, the inventory was 43 homes on the market, 4 pending sales and there were 4 closed sales.  Much stronger market activity for 2018 in Sewalls Point.

Sewalls Point Single Family Market Report September 2018

 Search below for Sewalls Point Florida Real Estate for Sale

 

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Sewalls Point Single Family Market Report September 2018

 

St Lucie County Single Family Homes August 2018 Market Report

10.09.18 by

St Lucie County Single Family Homes August 2018 Market Report

St Lucie County Single Family Homes August 2018 Market Report had mixed sales activity when compared to last year, but remains a very strong real estate market.  Closed sales were up by 14.1% (in July they were down by 3.9%) and new sales under contract (new pending sales) decreased by 5.8% (they were up by 2.5% last month).

Prices, however, continued to rise.  The median and average sales prices up by 9.8% and 8.7% respectively from last August (For July these numbers were up 5.1% and 4.1%).

Active listings increased by 63 homes up to 1,633 homes.  This inventory is 2.6% higher than last year.  The current supply of homes is  3.6 months (was 3.5 months for July) and also 3.5 months for last year.  The St Lucie County single family home market remains a strong sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes August 2018 Market Report

Click here to view or download the full report:
St Lucie County Single Family Homes August 2018 Market Report

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 August 2018 Market Report

Martin County Single Family Homes August 2018 Market Report

10.05.18 by

Martin County Single Family Homes August 2018 Market Report

The Martin County Single Family Homes August 2018 Market Report had another month of weaker sales when compared to August 2017.  The only positive note was an increase in new pending sales.  (But this is still a very active market.)  Closed sales were down by 15.8% (was down by 1.4% in July).  While new pending sales increased by 8.2% as compared to August 2017 (Decreased by 13.0% in July).

Prices were mixed for August.  The median sales price was down by 1.4% from last year (up by 4.2% in July) while the average sales price increased by 2.2% (was down by 4.5% last month).

The inventory of available single-family homes decreased from last month by 17 homes to 900 units for August,  this is 12.0% less than last August.  The current supply of homes is 4.5 months, for August of last year, it was a 4.9 months supply.  We’re still in a seller’s market for Martin County single-family home sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Single Family Homes August 2018 Market Report

Click here to view or download the full report:
Martin County Single Family Homes August 2018 Market Report

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 August 2018 Market Report

The Meadows Palm City September 2018 Market Report

09.23.18 by

The Meadows Palm City September 2018 Market Report

There are currently 6 homes for sale in the Meadows in Palm City FL.  List prices range from $169,900 up to $299,000.  This is an average list price of $245,800 which equals $150.99per sq. ft. of living area.

There are currently 2 homes under contract in the Meadows.  These homes were listed for  $305,000 and $309,000.  This is an average list price of $307,000 which is $176.72 per sq. ft. of living area.  These homes averaged 22 days on market before going under contract.

In the past 12 months, there have been 28 sales in the Meadows.  Sales prices ranged from a low of $142,000 up to $400,000.  This is an average sales price of $260,593 or $158.11 per sq. ft. of living area.  These homes went under contract in an average of 27 days and sold for an average of 96% of their final list price.

About The Meadows Homes in Palm City Florida:

The Meadows at Martin Downs is a family friendly gated residential community very well situated in Palm City, Florida. There are 832 homes consisting of single-family homes, duplexes, 4 unit townhouses, and 4 unit patio homes. The Meadows community is divided into 6  distinct villages which are named: Greenwich, Lakemont, Mayflower, Brighton, Foxboro, and Ridgewood.

The Meadows is a guard gated community with round-the-clock security.  Residents of the meadows enjoy a large heated swimming pool, a tot pool, children’s playground adjacent to the pool, basketball, 3 lighted tennis courts, a horseshoe pit and 2 bocce courts.  Near the entrance of the Meadows, between the gatehouse and the fountain, is a 2200 square foot recreation center, known as The Meadows House, which also houses the administrative offices of The Meadows Homeowners Association.

The Meadows came into existence through the efforts of local developer Peter Cumming who submitted the plans for the community around 1988.  Shortly thereafter, Burg and DiVosta (soon to be just DiVosta) began developing the land in the area called Martin Downs for the soon to be constructed villages of The Meadows.

Divosta started construction on the site known as The Meadows in 1988 by building two structures from which to sell. One was a Single Family home (Hampton) in what is now known as Greenwich Village, and the other was a four-unit Town Homebuilding (Stamford) in what is now known as Lakemont Village. Both types of homes were started in The Meadows at about the same time in 1988.  DiVosta completed the Meadows in 1993 and turned the administration and running of the community to The Meadows Homeowners Association which runs the community through elected officers as well as a full-time support staff.

HOA fees in the meadows vary by the type of home, so please look at the listing details view when checking available Meadows homes for sale.  The Meadows is not age restricted and currently allows up to 2 large pets.  Rentals are also allowed with some restrictions.

Children currently attend the Bessey Creek Elementary School, the Hidden Oaks Middle School; and the Martin County High School.

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The Meadows Palm City September 2018 Market Report

Sewalls Point Single Family Market Report August 2018

09.14.18 by

Sewalls Point Single Family Market Report August 2018

Sewalls Point Real Estate Snapshot, Residential Sales for August 2018

 

There are currently 52 active listings (Up by 2 homes from last month)

Sewalls Point Single Family Market Report August 2018

12 home sales are pending and awaiting close or lender approval (Up by 6 homes from July)

Sewalls Point Single Family Market Report August 2018

3 Homes sold in August (Decreased by 6 homes sales from July)

Sewalls Point Single Family Market Report August 2018

The single-family real estate market in Sewalls Point had a weak month for closed sales but did have an improved number of pending sales.  Hopefully, this will result in greater closed sales volume in the near future.

The absorption rate shot up to 17.3 months, in July was 5.6 months.  Back into a strong buyer’s market for Sewalls Point.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to August 2017, the inventory was 54 homes on the market, 6 pending sales and there were 1 closed sales.  Better activity this year with plenty of room for improvement.

Sewalls Point Single Family Market Report August 2018

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Sewalls Point Single Family Market Report August 2018