Search Results for: florida single family market report

Florida Single Family Homes October 2017 Market Report

12.01.17 by

Florida Single Family Homes October 2017 Market Report

The Florida Single Family Homes October 2017 Market Report showed stronger activity as compared to last year.  Closed sales were up by 2.0% (were down by 20.4% in September) and new sales under contract (new pending sales) were up by 10.1% (were down by 30.2% in September).

Both the median and average sales prices continued to rise when compared to last year.  Up by 7.1% and 6.8% respectively, compared to September’s 7.6% and 5.9%.

The inventory of available homes for sale fell by 5.7% from last year.  For October there was a 3.8 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (October of 2016 had a 4.1 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.  Inventory is once again decreasing which continues to put pressure on rising prices and sales.

October 2017 Florida Single Family Homes Market Report

Click here to view or download the full report:

Florida Single Family Homes October 2017 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.

Florida Single Family Homes October 2017 Market Report

Florida Single Family Homes September 2017 Market Report

10.27.17 by

Florida Single Family Homes September 2017 Market Report

The Florida Single Family Homes Market Report for September 2017 showed weaker activity from last year.  This decrease can most likely be attributed to Hurricane Irma which shut things down for a couple of weeks in September.  Closed sales were down by 20.4% (were up by 0.9% in August) and new sales under contract (new pending sales) were down by 30.2% (were up by 2.2% in August).

Both the median and average sales prices continued to rise when compared to last year.  Up by 7.6% and 5.9% respectively, compared to August’s 6.7% and 7.7%.

The inventory of available homes for sale fell by 6.1% from last year.  For September there was a 3.8 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (September of 2016 had a 4.1 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.  Inventory is once again decreasing which continues to put pressure on rising prices and sales.

Florida Single Family Homes September 2017 Market Report

Click here to view or download the full report:

Florida Single Family Homes September 2017 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.

Florida Single Family Homes September 2017 Market Report

Florida Single Family Homes August 2017 Market Report

10.02.17 by

Florida Single Family Homes August 2017 Market Report

The Florida Single Family Homes Market Report for August 2017 continues to improve as compared to last August though at a reduced rate from the past few years and months.  Closed sales were up by 0.9% (were up by 2.0% in July) and new sales under contract (new pending sales) were up by 2.2% (were up by 3.3% in July).

Both the median and average sales prices continued to rise when compared to last year.  Up by 6.7% and 7.7% respectively, compared to July’s 7.1% and 5.7%.

The inventory of available homes for sale fell by 4.5% from last year.  For August there was a 3.8 months supply of inventory as Florida remains in a seller’s market with the advantage for sellers. (August of 2016 had a 4.1 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.  Inventory is once again decreasing which continues to put pressure on rising prices and sales.

Florida Single Family Homes August 2017 Market Detail

Click here to view or download the full report:

Florida Single Family Homes August 2017 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.

Florida Single Family Homes August 2017 Market Report

Martin County Townhouses and Condos June 2024 Market Report

07.26.24 by

Martin County Townhouses and Condos June 2024 Market Report

The Martin County Townhouses and Condos real estate market showed weaker sales activity when compared to last year. We continue to encounter headwinds of economic uncertainties and high mortgage rates. Closed sales for the month were down by 23.9%.  They were up by 21.1% in May.  New sales under contract (new pending sales) were down 13.1% from last year.  They were down by 18.4% in May.

Prices were down for June.  The median sales price decreased by 5.5% (was down by 1.7% last month). And, the average sales price decreased by 10.2% (was down by 11.6% in May).

The available townhouses and condos inventory decreased by 30 units to 531 properties.  This is an 85.0% greater supply of inventory than we had in June 2023.  Currently, there’s a 6.2-month supply of inventory (compared to 3.3 months for June 2023).  We remain in a balanced 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.

Please click on the image or link below to download the full Florida single-family real estate market report.

Martin County Townhouses and Condos June 2024 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 2024 Market Report

Martin County Single Family Homes June 2024 Market Report

07.25.24 by

Martin County Single Family Homes June 2024 Market Report

The Martin County Single Family Homes Market Report showed mixed sales activity when compared to last year. We continue to face economic uncertainties and high mortgage rates. Closed sales were down by 6.2% from last year (they were down by 0.5% in May). At the same time, new pending sales increased by 8.3% compared to last year (which decreased by 1.6% last month).

Prices were higher for June when compared to last year.  The median sales price increased from last year by 4.4% (down by 9.2% in May) while the average sales price increased by 22.6% (up by 6.1% last month).

The inventory of available single-family homes decreased by 5 homes to 727. This is a 55.7% greater inventory than last June.  The current supply of homes is 4.5 months.  For June of last year, it was 2.9 months of supply.  We are still in a seller’s market for Martin County single-family home sales, but trending towards a more balanced market.  A balanced market favoring neither buyers nor sellers is considered a 6 to 7-month supply of inventory.

Please click on the image or link below to download the full Florida single-family real estate market report.

Martin County Single Family Homes June 2024 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 2024 Market Report

Florida Townhouses and Condos June 2024 Market Report

07.24.24 by

Florida Townhouses and Condos June 2024 Market Report

Florida Townhouses and Condos real estate market report had weaker sales activity when compared to last year. The inventory numbers continue to grow, but we face headwinds with economic uncertainties and stubbornly high mortgage rates. I still expect the market to improve with a gradual return to a historically normal real estate market. Closed sales were down by 20.5% compared to last month’s decrease of 8.6%.  New sales under contract (new pending sales) decreased by 7.9% (In May, there was a 13.8% decrease).

Prices were up for June compared to last year. The median sales price was up by 0.0% for June (also up by 1.5% in May). And the average sales price increased by 2.4% (was up by 3.1% in May).

The inventory of active listings increased by 91.9% from June last year.  This results in a 7.4-month supply of inventory as compared to a 3.6-month supply for June 2023.  We remain in a buyer’s market for Florida townhouse and condo sales after a long stretch in a seller’s market.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory.

Please click on the image or link below to download the full Florida single-family real estate market report.

Florida Townhouses and Condos June 2024 Market Report
Florida Townhouses and Condos June 2024 Market Report
Download/view the full report

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

To view the latest 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 2024 Market Report

Summerfield Real Estate Market Report July 2024

07.20.24 by

Summerfield Real Estate Market Report July 2024

As of July 2024, 13 homes are on the market in the Summerfield community in Martin County Florida. The list prices range from $450,000 up to $835,000. This is an average list price of $597,292 or $292.62 per square foot of living area.

There are 3 Summerfield homes under contract at this time. The list prices ranged from $589,900 up to $829,900. This equals an average list price of $706,600 which is $303.79 per square foot of living space. These homes were on the market for an average of 75 days before going under contract.

In the past 12 months, 28 Summerfield homes have sold. Sales prices ranged from $405,000 up to $880,000. This works out to an average sales price of $613,596 which equals $295.45 per square foot of living area. These homes averaged 45 days on the market before going under contract. And, the sales prices averaged 98% of the last list price.

Click here to view the previous Summerfield market report

About Summerfield the Home of the Champions Golf Club:

Summerfield in Stuart Florida
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Summerfield is located on over 275 acres. It is the host of a little over 500 single-family homes adjoining the Champions Golf Course. Selected as one of the top 10 Golf Courses in the nation by Golf Magazine in 1995.  It is also 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. Please visit the Champions Course website for more information at http://www.thechampionsgolfclub.com/

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

Summerfield in Stuart Florida
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Very conveniently located near US-1 and Cove Rd, residents can enjoy close proximity to shopping, and 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.

The following homes are currently available for sale in Summerfield:

Summerfield homes for sale in Stuart FL

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.

Summerfield Real Estate Market Report July 2024

The Florida Club Real Estate Market Report July 2024

07.17.24 by

The Florida Club Real Estate Market Report July 2024

As of July 2024, there are 6 Florida Club homes for sale in Stuart FL. The list prices range from $409,900 up to $830,000. This is an average list price of $535,019 or $288.81 per sq. ft. of living area.

There are 8 Florida Club homes under contract and awaiting closing at this time. The list prices ranged from $405,000 up to $740,000. This is an average list price of $589,963 which works out to $302.19 per sq. ft. of living area. These homes were on the market for an average of 64 days before going under contract.

In the past 12 months, 23 Florida Club homes have sold. Sales prices ranged from $350,000 up to $795,000. This is an average sales price of $553,108 which equals $287.15 per square foot of living area. These homes were on the market for an average of 46 days before going under contract. And, sold for an average of 98% of the list price.

Click here to view the previous Florida Club market report!

About the Florida Club:

The Florida Club in Stuart Florida
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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 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
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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 from the wonderful Atlantic Beaches of both Stuart or Hobe Sound and Jupiter Island.

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

The Florida Club in Stuart Florida
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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 capital contribution of $600.00 charged for all home buyers. For more information about golf at the Florida Club July 2020 Market Report please visit their website: Florida Club Web Site.

The Florida Club in Stuart

Search links:

Search for all Florida Club Homes for Sale in Stuart Florida

Florida Club Homes for Sale in Stuart Florida

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.

The Florida Club Real Estate Market Report July 2024

Murano Real Estate Market Report July 2024

07.06.24 by

Murano Real Estate Market Report July 2024

Palm City Florida Real Estate

There are 2 homes currently available for purchase in the Murano community in Palm City FL. The list prices are $517,000 and $530,000. This is an average list price of $523,500 which is $265.59 per sq. ft. of living space.

There are no Murano homes under contract at this time.

In the past 12 months, 3 Murano homes have sold. The sales prices ranged from $465,000 up to $635,000.  This works out to an average sales price of $536,667 which equals $231.32 per sq. ft. of living area.  These homes were on the market for an average of 109 days before going under contract.  And, they sold for an average of 99% of the list price.

Click here to view the previous Murano market report!

About the Murano Community in Palm City FL:

Murano in Palm City Florida
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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 over 3,200 sq. ft. to single-story 2-bedroom, 2-bath homes of just over 1,700 sq. ft.

Murano Homes in Palm City Florida
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This is a very family-friendly neighborhood close to “A” rated schools, shopping, and Florida’s Turnpike for commuters. There is a community pool and low HOA fees.

The Murano community in Palm City offers newer construction at a relatively affordable price (compared to neighboring newer construction communities). Making it an excellent choice for budget-minded families as well as retirees looking to live in a vibrant Treasure Coast community with excellent amenities only a short drive away.

For those interested in the Murano community of Palm City, please let me know if you’d like to be placed on an automatic listing notifier of available homes in this community.

Murano Homes in Palm City Florida
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Click here to view the current Murano homes for sale

Murano 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

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

Murano Real Estate Market Report July 2024

Sunset Trace Real Estate Market Report June 2024

06.29.24 by

Sunset Trace Real Estate Market Report June 2024

As of June 2024, 11 Sunset Trace homes are for sale in Palm City FL.  The list prices range from $265,000 up to $359,000. This equals an average list price of $310,971 which is $238.92 per sq. ft. of living area.

There are 2 Sunset Trace homes currently under contract.  The list prices were $299,999 and $327,500.  This works out to an average list price of $313,750 which equals $240.54 per sq. ft. of living area.  These homes were on the market for an average of 53 days before going under contract.

In the past 12 months, 37 Sunset Trace homes have sold.  Sales prices ranged from a low of $215,000 up to $380,000.  This equals an average sales price of $296,986 or $227.18 per sq. ft. of living area.  These homes sold for an average of 98% of the list price. And, they were on the market for an average of 42 days before going under contract.

Click here to view the previous Sunset Trace market report!

About Sunset Trace in Palm City FL:

Sunset Trace at Martin Downs in Palm City Florida
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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.  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 at Martin Downs in Palm City Florida
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Sunset Trace is a DiVosta community of approximately 500 residences.  There are four types of homes in this community.   DiVosta quad townhomes 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, an 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.

Sunset Trace at Martin Downs in Palm City Florida
Sunset Trace real estate in Palm City FL
Sunset Trace Townhouse

All ages are welcome in Sunset Trace. 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.

Sunset Trace Townhouse
Sunset Trace in Palm City FL

Search here for Sunset Trace homes 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.

Sunset Trace Real Estate Market Report June 2024

St Lucie County Townhouses and Condos May 2024 Market Report

06.26.24 by

St Lucie County Townhouses and Condos May 2024 Market Report

The St Lucie County Townhouses and Condos market showed weaker sales activity when compared to last year. Even as we face headwinds with economic uncertainties and higher mortgage rates. Closed sales were down by 8.1% from last year (they were up by 4.0% in April). New pending sales were down by 28.4% (they were up by 17.7% last month).

Prices were down for May. The median price decreased by 2.3% from last year (was up by 4.9% in April) and the average sales price decreased by 7.3% (was up by 8.7% in April).

The available townhouses and condos inventory increased by 18 units from last month to 694 residences. This is an 85.1% greater inventory than we had in May 2023. The current inventory supply is 7.9 months, as compared to 4.5 months of inventory last year.  The St Lucie County townhouses and condos real estate market has now entered a buyer’s market. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.

Please click on the image or link below to download the full Florida single-family real estate market report.

St Lucie County Townhouses and Condos May 2024 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 2024 Market Report

St Lucie County Single Family Homes May 2024 Market Report

06.25.24 by

St Lucie County Single Family Homes May 2024 Market Report

The May 2024 St Lucie County Single Family real estate market showed slightly stronger sales activity when compared to last year. We continue to face headwinds with economic uncertainties and high mortgage rates. Closed sales were up by 1.6% for the month compared to the previous year (in April they were up by 4.6%). New sales under contract (new pending sales) decreased by 4.1% (they were down by 2.2% last month).

Prices were higher for May when compared to last year.  The median sales price was up by 2.6% (was up by 6.2% in April).  The average sales price was up by 10.2% (it was up by 10.3% in April).

The number of available homes for sale increased by 9 homes to 2,062.  This inventory is 76.1% greater than last year.  The current supply of homes is 4.4 months (it was 2.4 months for last year).  The St. Lucie County single-family home market remains a sellers’ market, though trending towards a balanced one.  A balanced market is one with a 6 to 7-month supply of inventory.

Please click on the image or link below to download the full Florida single-family real estate market report.

St Lucie County Single Family Homes May 2024 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 May 2024 Market Report

Martin County Townhouses and Condos May 2024 Market Report

06.24.24 by

Martin County Townhouses and Condos May 2024 Market Report

The Martin County Townhouses and Condos real estate market showed stronger sales activity when compared to last year. Even as we continue to encounter headwinds of economic uncertainties and high mortgage rates. Closed sales for the month were up by 21.1%.  They were down by 4.2% in April.  New sales under contract (new pending sales) were down 18.4% from last year.  They were up by 20.4% in April.

Prices were down for May.  The median sales price decreased by 1.7% (was down by 0.8% last month). And, the average sales price decreased by 11.6% (was down by 14.6% in April).

The available townhouses and condos inventory increased by 7 units to 561 properties.  This is an 88.3% greater supply of inventory than we had in May 2023.  Currently, there’s a 6.4-month supply of inventory (compared to 3.5 months for May 2023).  We’ve re-entered a balanced 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.

Please click on the image or link below to download the full Florida single-family real estate market report.

Martin County Townhouses and Condos May 2024 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 May 2024 Market Report

Martin County Single Family Homes May 2024 Market Report

06.23.24 by

Martin County Single Family Homes May 2024 Market Report

The Martin County Single Family Homes Market Report showed slightly weaker sales activity when compared to last year. We continue to face economic uncertainties and high mortgage rates. Closed sales were down by 0.5% from last year (they were down by 2.0% in April). At the same time, new pending sales decreased by 1.6% compared to last year (which decreased by 0.5% last month).

Prices were mixed for May when compared to last year.  The median sales price decreased from last year by 9.2% (up by 6.6% in April) while the average sales price increased by 6.1% (up by 2.2% last month).

The inventory of available single-family homes decreased by 53 homes to 722. This is a 55.9% greater inventory than last May.  The current supply of homes is 4.4 months.  For May of last year, it was 2.9 months of supply.  We are still in a seller’s market for Martin County single-family home sales, but trending towards a more balanced market.  A balanced market favoring neither buyers nor sellers is considered a 6 to 7-month supply of inventory.

Please click on the image or link below to download the full Florida single-family real estate market report.

Martin County Single Family Homes May 2024 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 May 2024 Market Report

Florida Townhouses and Condos May 2024 Market Report

06.22.24 by

Florida Townhouses and Condos May 2024 Market Report

Florida Townhouses and Condos real estate market report had weaker sales activity when compared to last year. The inventory numbers continue to grow, but we face headwinds with economic uncertainties and stubbornly high mortgage rates. I still expect the market to improve with a gradual return to a historically normal real estate market. Closed sales were down by 8.6% compared to last month’s increase of 1.9%.  New sales under contract (new pending sales) decreased by 13.8% (In April, there was a 4.3% decrease).

Prices were up for May compared to last year. The median sales price was up by 1.5% for May (also up by 3.1% in April). And the average sales price increased by 3.1% (was up by 8.2% in April).

The inventory of active listings increased by 91.3% from May last year.  This results in a 7.2-month supply of inventory as compared to a 3.6-month supply for May 2023.  We have slipped into a buyer’s market for Florida townhouse and condo sales after a long period of being in a seller’s market.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory.

Please click on the image or link below to download the full Florida single-family real estate market report.

Florida Townhouses and Condos May 2024 Market Report
Florida Townhouses and Condos May 2024 Market Report
Download/view the full report

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

To view the latest 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 May 2024 Market Report

River Watch Real Estate Market Report June 2024

06.20.24 by

River Watch Real Estate Market Report June 2024

For June 2024, no homes are available for sale in the River Watch community of Hutchinson Island in Jensen Beach FL.

There are also no River Watch homes currently under contract.

There have been 2 River Watch sales in the past 12 months. The sales prices were $630,000 and $980,000. This is an average sales price of $805,000 which equals $447.11 per sq. ft. of living area. These homes were on the market for an average of 26 days before going under contract. And, the sales prices averaged 100% of the last list price.

Click here to view recent River Watch market reports!

About River Watch on Hutchinson Island:

River Watch on Hutchinson Island in Jensen Beach Florida
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River Watch is located only a short distance north of the Jensen Beach Causeway and just across the Saint Lucie County line.  These are single-family homes ranging from a modest 2 bedroom and 2 bathroom residence with around 1,400 sq. ft. of living area plus a garage up to a spacious 4 bedroom, 3 bathroom with 3,400 sq. ft. of living area.  Many homes have private docks and access to the Intracoastal Waterway which is also known as the Indian River.  There are 30 homes in this community off of Aqua Ra Road which accesses both subdivisions from A-1-A.

Most of these homes are waterfront with access to the Intracoastal Waterway.   Suitable mostly for shallower draft vessels and the unusual stipulation that they access the river without the use of gas motors.   Thus, only human or electric power for that initial stretch of water.

River Watch residents also have easy access to the beautiful beaches on Hutchinson Island. Simply by walking across the street to their private beach. Or a short ride to many of the public access beaches available in both Saint Lucie and Martin County beaches.

This is a non-gated community with a very reasonable HOA fee which includes your landscaping as well as basic cable TV.

An excellent location makes it easy to go grocery shopping, boating, and spend days on the beach, and restaurants.  Enjoy all the wonderful amenities offered on the Treasure Coast of Florida.

Click here to see if any homes are available to purchase in River Watch on Hutchinson Island

River Watch homes for sale on Hutchinson Island

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.

River Watch Real Estate Market Report June 2024

East Lake Village Real Estate Market Report June 2024

06.13.24 by

East Lake Village Real Estate Market Report June 2024

For June 2024, there are 13 active listings in East Lake Village.  List prices range from $274,900 up to $450,000. This is an average list price of $343,622 or $208.52 per sq. ft. of living area.

There are 5 East Lake Village homes under contract.  List prices ranged from $349,995 up to $377,464.  This works out to an average list price of $363,805 which equals $218.37 per sq. ft. of living area.  These homes averaged 62 days on the market before going under contract.

In the past 12 months, 58 East Lake Village homes have sold.  Sales prices ranged from $260,000 up to $384,777. This works out to an average sales price of $323,260 which is $209.25 per sq. ft. of living area.  These homes sold for an average of 99% of the list price. And, they went under contract in an average of 55 days after going on the market.

Click here to view the previous East Lake Village market report!

About East Lake Village in Port St. Lucie:

East Lake Village in Port Saint Lucie Florida
Google Earth image

Located East of US-1 and just to the North of Port St. Lucie Blvd., East Lake Village is a newer community of townhomes and single-family homes of many different sizes and floor plans.  All of the homes are 2 stories with the townhomes attached on at least one side to their neighbor.

East Lake Village in Port Saint Lucie Florida
Google Earth image

Sizes of these homes range from 4 bedroom, 3 and ½ bathroom homes with 2 car garages of over 2,300 sq. ft. of living area down to 2 bedroom, 2 and ½ bathroom townhomes with 1 car garage and 1,350 sq. ft. of living area.

All ages are welcome in East Lake Village.  Pets are permitted with some restrictions depending on the section of interest.  For single-family homes, 2 large pets are permitted.  HOA fees range from $165 a month up to $195 per month, once again depending on the section where the home is located.

East Lake Village in Port Saint Lucie Florida
Google Earth image

Great location close to medical facilities, restaurants, and shopping and only about 15 to 20 minutes to the crystal clear waters of the Atlantic Ocean in Jensen Beach FL.

East Lake Village Homes for Sale

East Lake Village Homes for Sale in Port St. Lucie FL

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.

East Lake Village Real Estate Market Report June 2024

St. Lucie County Single Family Homes 2024 1st Quarter Report

06.01.24 by

St. Lucie County Single Family Homes 2024 1st Quarter Report

Click the image below to view the full details of the St. Lucie County single-family market report data as reported by St. Lucie County Realtor.

St. Lucie County Single Family Homes 2024 1st Quarter Report

For the 1st quarter of 2024, the St Lucie County single-family home real estate market continued the trend of reduced sales volume. Prices rose for this quarter, though at a much-reduced rate from previous reports. Inventory is continuing to increase but at a slower rate. Interest rates are still stubbornly high, but should improve closer to the end of the year. For the time being, though, the Saint Lucie County single-family home market remains in a seller’s market.

Click here to view/download the full report

View the entire set of data at GabeSanders.com

Click to see previous St Lucie County quarterly reports

St. Lucie County Single Family Homes 2024 1st Quarter Report

Martin County Single Family Homes 2024 1st Quarter Report

05.30.24 by

Martin County Single Family Homes 2024 1st Quarter Report

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

Martin County Single Family Homes 2024 1st Quarter Report
Martin County Single Family Homes 2024 1st Quarter Report

The Martin County single-family home real estate market showed slightly weaker sales activity when compared to last year. Prices and inventory both rose for this quarter. Interest rates remain high. So, I expect sales to remain somewhat sluggish, though we remain in a seller’s market for Martin County single-family home sales.

Click here to view/download the full report

View the entire set of data at GabeSanders.com

View previous Martin County quarterly reports

Martin County Single Family Homes 2024 1st Quarter Report

Florida Townhouses and Condos 2024 1st Quarter Report

05.29.24 by

Florida Townhouses and Condos 2024 1st Quarter Report

Click the image below to view the 2024 1st Quarter Report as reported by Florida Realtors.

Florida Townhouses and Condos 2024 1st Quarter Report

For the 1st quarter of 2024, the Florida townhouse and condo real estate market continued the trend of reduced sales volume. Prices and inventory both rose for this quarter. Interest rates remain high. So, I expect sales to remain somewhat sluggish, though we remain in a seller’s market for Florida single-family home sales.

Click here to view/download the full report

View previous Florida quarterly reports here.

View the entire set of data at GabeSanders.com

Florida Townhouses and Condos 2024 1st Quarter Report