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Open House – Conquistador Condo Sunday March 16

Please come and join Beverly Bray for an open house in Conquistador Condo Building 12 Unit 305 on Sunday March 16 from 2 to 4 P.M.

Exceptionally well maintained condo in a vibrant 55+ community with multiple pools, active clubhouse and a 2 acre waterfront plaza on the banks of the Saint Lucie River with a fishing pier and day dock. For golfers, the 36 hole Martin County municipal golf course is right next door.

This is the first time this condo has been on the market. An updated 2 BR, 2 BA home with granite counters and resilient flooring. Newer top of the line AC. This is a pet friendly building with up to one large dog permitted. Third floor (top floor) in an elevator building with peaks of the golf course. Close to downtown Stuart, restaurants, shopping, boating and our beaches.

Conquistador is the prime senior location in Stuart Florida. Open House – Conquistador Condo Sunday March 16 are 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 estates section) and 3 story condominiums. The condominiums have access to their own pool areas as well as barbecue areas or the main club house 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 and Condos in Conquistador

For any questions you may 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

Open House – Conquistador Condo Sunday March 16

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code January 2014

02.19.14 by Gabe Sanders

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code January 2014

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for January 2014

For January 2014 in the 34990 Zip Code area of Palm City, Florida :

There are currently 58 active condo listings. (Down by 8 condo from December)

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

2 Condos Sold in January. (Unchanged from December)

Little change from the end of last year for the condo segment of the Palm City FL real estate market. Inventory was the only change and that was down even further. This is a very small segment of the Palm City market as this area is primarily single family homes. Trends are good to watch but a meaningful interpretation from monthly swings in values is difficult to determine.

The current absorption rate for condos in the 34990 zip code area dropped to 29 months with only 2 sales (was 33 months in December). A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.

The January 2012 numbers were: 69 active listings, 8 pending sales and 3 closed sales. Better activity last year, but there were also more properties available.

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Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code January 2014

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code December 2013

01.15.14 by Gabe Sanders

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code December 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for December 2013

For December 2013 in the 34990 Zip Code area of Palm City, Florida :

There are currently 66 active condo listings. (Down by 1 condo from November)

5 Condo sales are pending and awaiting close or lender approval. (Decreased by 1 condo from last month)

2 Condos Sold in December. (Up by 1 condo from November)

Slow activity for the end of the year for the condo segment of the Palm City FL real estate market. However, this is a very small segment of the Palm City market as this area is primarily single family homes. Trends are good to watch but a meaningful interpretation from monthly swings in values is difficult to determine.

The current absorption rate for condos in the 34990 zip code area dropped to 33 months with only 2 sales (was 67 months in November). A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.

The December 2012 numbers were: 63 active listings, 8 pending sales and 3 closed sales. One of the few areas in Martin County where the 2012 market activity surpassed this year’s numbers.

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:

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Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code December 2013

Palm City Florida Market Report ZIP Code 34990 Condo October 2013

11.23.13 by Gabe Sanders

Palm City Florida Market Report ZIP Code 34990 Condo October 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for October 2013

For October 2013 in the 34990 Zip Code area of Palm City, Florida :

There are currently 59 active condo listings. (Up by 4 condos from September)

6 Condo sales are pending and awaiting close or lender approval. (Decreased by 2 condos from last month)

4 Condos Sold in October. (Down by 1 condo from September)

The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes. Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results. The October market activity showed the second month in a row of increased inventory, though unfortunately both pending and closed sales were off.

The current absorption rate for condos in the 34990 zip code area is 14.8 months (was 11 months in September), signifying a buyers market. A balanced market is considered to be an absorption rate of around 6 months.

The October 2012 numbers were: 59 active listings, 9 pending sales and 4 closed sales. Almost identical to 2012 activity with fewer pending sales this year.

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:

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Palm City Florida Market Report ZIP Code 34990 Condo October 2013

Palm City Florida Market Report ZIP Code 34990 Condo September 2013

10.25.13 by Gabe Sanders

Palm City Florida Market Report ZIP Code 34990 Condo September 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for September 2013

For September 2013 in the 34990 Zip Code area of Palm City, Florida :

There are currently 55 active condo listings. (Up by 2 condos from August)

8 Condo sales are pending and awaiting close or lender approval. (Decreased by 2 condos from last month)

5 Condos Sold in September. (Up by 5 condos from August)

The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes. Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results. September saw little change in this segment with the exception of 5 sales, after no sales back in August.

The current absorption rate for condos in the 34990 zip code area is 11 months, signifying a buyers market. A balanced market is considered to be an absorption rate of around 6 months.

The September 2012 numbers were: 62 active listings, 6 pending sales and 4 closed sales. Better numbers for this year than for September of 2012.

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:

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Palm City Florida Market Report ZIP Code 34990 Condo September 2013

October 2013 Market Update Sunset Trace Palm City

10.16.13 by Gabe Sanders

October 2013 Market Update Sunset Trace Palm City

As of October 2013, there are only 4 active listings for sale in Sunset Trace. List prices vary from $95,000 to $159,900 with an average of $96.88 per square foot of living area. (No short sales or foreclosures)

There are currently 3 homes under contract and awaiting settlement. The listing prices range from $107,900 to $147,000 for an average list price of $91.88 per sq. ft. of living area. (Includes one foreclosure)

In the past 12 months, 32 homes have sold in Sunset Trace. Sales prices ranged from $64,299 to $145,000 for an average of $78.03 per sq. ft. and a 94% list to sales ratio. These sales included 4 foreclosures (bank owned) home and 5 short sales.

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 care free.

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Sunset Trace Villas and Townhomes for Sale

October 2013 Market Update Sunset Trace Palm City

Islesworth Home Sold in Palm City

10.15.13 by Gabe Sanders

Islesworth Home Sold in Palm City

4 bedroom CBS pool home with spectacular lake views. Gracious open split floor plan, vaulted ceilings, kitchen open to breakfast bar and family room. Oak hardwood in Lr, Dr, Fr., tile. New interior paint. Newer roof and AC. Accordion shutters. Easy access to I-95 and turnpike. Close to A rated Palm City elementary and Hidden Oaks middle school. Enjoy the beaches, shopping , restaurants, minutes away. Community tot lot

The Islesworth subdivision in Palm City is a very attractive neighborhood located in the heart of Palm City, FL in a non-gated community off of Route 714 (Martin Highway). This was a Pulte community with 113 homes being built from 1996 through 1998. Most homes are on spacious lots from just under to over ¼ acre sites.

Many homes enjoy serene water views as there are two smaller lakes in this community. Both single and two story homes with the vast majority being 4 bedroom homes though there are a number of 5 bedroom homes as well as a few 3 bedroom homes. The current HOA fees are a very reasonable $463.00 per quarter. The fees include maintenance and insurance of the common areas, roads, reserve funds and basic cable TV.

Islesworth is right next door to Hidden Oaks Middle School and only a short bike ride to Palm City Elementary School. Children in Islesworth go to Martin County High School which is approximately 5 miles away.

Close to grocery and other shopping as well as medical facilities and places of worship, Islesworth offers very easy access to most resident’s needs. For those needing to commute, both Florida’s Turnpike and I-95 are both only a short distance away.

Here are the currently available homes in Islesworth Home Sold in Palm City

For any questions you may have about Islesworth Home Sold in Palm City, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Palm City Florida Real Estate
Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Islesworth Home Sold in Palm City

August 2013 Monthly Market Detail Florida Townhouses and Condos

09.29.13 by Gabe Sanders

August 2013 Monthly Market Detail Florida Townhouses and Condos

The August 2013 Monthly Market Detail Florida Townhouses and Condos for the state of Florida continues to show gains though not as robust as they were in the spring of this year. Year to year closed sales were up by 6.3% as compared to last months increase of 16.8% and new sales under contract (new pending sales) increased by 11.6% (July’s increase was 20.7%).

Both median and average sales prices were up (year to year) by a healthy 25.2% and 18.6% respectively.

One item of concern is the active inventory which has decreased again, for August by 13.8%. The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale. This will also result in strong upward pressure on prices and at some point renewed activity in new construction. If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.

Click on the link below or the graphic to see the full market detail report from Florida Realtors:

Click here to view or download the full report:
August 2013 Monthly Market Detail Florida Townhouses and Condos

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.

August 2013 Monthly Market Detail Florida Townhouses and Condos

Palm City Florida Market Report ZIP Code 34990 Condo August 2013

09.23.13 by Gabe Sanders

Palm City Florida Market Report ZIP Code 34990 Condo August 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for August 2013

For August 2013 in the 34990 Zip Code area of Palm City, Florida :

There are currently 53 active condo listings. (Down by 1 condo from July)

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

0 Condos Sold in August. (Down 6 condos from July)

The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes. Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results. There were no sales in August for condos, while the inventory and pending sales moved only by one condo each.

The current absorption rate for condos in the 34990 zip code area is not available with zero sales. A balanced market is considered to be an absorption rate of around 6 months.

The August 2012 numbers were: 63 active listings, 6 pending sales and 4 closed sales. The higher pending numbers this year should indicate some sales in the near future.

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:

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Palm City Florida Market Report ZIP Code 34990 Condo August 2013

Palm City Florida Market Report ZIP Code 34990 Residential August 2013

09.23.13 by Gabe Sanders

Palm City Florida Market Report ZIP Code 34990 Residential August 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for August 2013

For August 2013 in the 34990 Zip Code area of Palm City Florida :

There are currently 352 active listings (A decrease of 8 homes from July)

141 Residential sales are pending and awaiting close or lender approval. (A decrease of 12 homes from last month)

77 Homes Sold in August (Increased by 7 homes from July)

A little bit of easing for the market activity in the Palm City, zip code 34990, area of Martin County Florida. The inventory continues to decline and pending sales were off for the second month in a row. The only bright note was the increased number of closed sales.

The current absorption rate dropped to 4.6 months from 5.5 months in July. An indication of a strong sellers market for now. A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers. With lower inventory and reduced pending sales, I’m expecting an easing of the absorption rate in the coming months.

The August 2012 numbers were: 400 active listings, 161 pending sales and 68 closed sales. Other than the pending sales numbers, we’re doing considerably better than last year in the Palm City single family market.

Please use the charts below as reference only as they rely on all residential types of property in the 34990 real estate market:

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Palm City Florida Market Report ZIP Code 34990 Residential August 2013

Conquistador Market Update September 2013

09.08.13 by Gabe Sanders

Conquistador Market Update September 2013

Homes: 3 Active listings ranging in price from $230,000 to $269,300 at an average of $138.88 per sq. ft. of living area.

No homes are under contract at this time.

In the past 12 months, 5 homes have sold in Conquistador Estates with sales prices ranging from $179,000 to $285,000. An average sales price of $119.47 per sq. ft. of living area at 92% list to sales ratio. None of these sales were short sales or foreclosures.

Condos: There are currently 14 condos for sale in Conquistador. Listing prices range from $72,900 to $215,000. The average is $92.50 per sq. ft. of living area. One of these listings is a short sale.

2 Condos are under contract awaiting settlement. List prices are $80,000 and $94,500 for an average of 80.04 per sq. ft. of living area. The lower priced unit is a short sale.

In the past 12 months, 27 condos have sold in Conquistador. Sales prices ranged from $22,500 to $125,000. The average price per sq. ft. was $104.27 at an 88% list to sales ratio. There were 3 foreclosures and no short sales in these sales.

Conquistador is the prime senior location in Stuart Florida. Conquistador Market Update September 2013 are 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.

Search for available Homes and Condos in Conquistador

For any questions you may 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 Market Update September 2013

July 2013 Monthly Market Detail Florida Townhouses and Condos

08.29.13 by Gabe Sanders

July 2013 Monthly Market Detail Florida Townhouses and Condos

The July 2013 Monthly Market Detail Florida Townhouses and Condos for the state of Florida showed excellent activity after a bit of easing in June. Year to year closed sales were up by 16.8% as compared to last months decrease of 2.5% and new sales under contract (new pending sales) increased by 20.7% (June’s increase was 14.2%).

Both median and average sales prices were up (year to year) by 21.9% and 21.7% respectively (higher than June’s).

One item of concern is the active inventory which has decreased again, for July by 17.5%. The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale. This will also result in strong upward pressure on prices and at some point renewed activity in new construction. If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.

Click on the link below or the graphic to see the full market detail report from Florida Realtors:

Click here to view or download the full report:
July 2013 Monthly Market Detail Florida Townhouses and Condos

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.

July 2013 Monthly Market Detail Florida Townhouses and Condos

Palm City Florida Market Report ZIP Code 34990 Condo July 2013

08.19.13 by Gabe Sanders

Palm City Florida Market Report ZIP Code 34990 Condo July 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for July 2013

For July 2013 in the 34990 Zip Code area of Palm City, Florida :

There are currently 54 active condo listings. (Down by 4 condos from June)

9 Condo sales are pending and awaiting close or lender approval. (Decreased by 5 condos from last month)

6 Condos Sold in July. (Down 2 condos from June)

The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes. Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results. Both pending and closed sales were off this month compared to June as well as another month with decreasing inventory.

The current absorption rate for condos in the 34990 zip code area rose to 8.3 months. Drifting back into a buyers market, as a balanced market is considered to be an absorption rate of around 6 months.

The July 2012 numbers were: 62 active listings, 7 pending sales and 1 closed sales. Even with the significantly lower number of active condo listings, this year’s activity is much better.

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:

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

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Palm City Florida Market Report ZIP Code 34990 Condo July 2013

June 2013 Monthly Market Detail Florida Townhouses and Condos

07.28.13 by Gabe Sanders

June 2013 Monthly Market Detail Florida Townhouses and Condos

The positive trend from the spring has slowed for the June 2013 Monthly Market Detail Florida Townhouses and Condos for the entire state of Florida. Year to year closed sales were off by 2.5% as compared to last months increase of 18.7% and while new sales under contract (new pending sales) increased by 14.2% (May’s increase was 30.8%).

Both median and average sales prices were up (June 2012 to June 2013) by 18.2% and 13.9% respectively (higher than May’s).

One item of concern is the active inventory which has decreased by 20%. The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale. This will also result in strong upward pressure on prices and at some point renewed activity in new construction. If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.

Click on the link below or the graphic to see the full market detail report from Florida Realtors:

Click here to view or download the full report:
June 2013 Monthly Market Detail Florida Townhouses and Condos

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.

June 2013 Monthly Market Detail Florida Townhouses and Condos

Palm City Florida Market Report ZIP Code 34990 Condo June 2013

07.21.13 by Gabe Sanders

Palm City Florida Market Report ZIP Code 34990 Condo June 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for June 2013

For June 2013 in the 34990 Zip Code area of Palm City, Florida :

There are currently 54 active condo listings. (Up by 2 condos from May)

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14 Condo sales are pending and awaiting close or lender approval. (Decreased by 2 condos from last month)

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8 Condos Sold in June. (Up 5 condos from May)

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The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes. Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results. Sales were up by more than double from last month, while pending sales were off by 2 condos, and a small increase of 2 condos to the inventory.

The current absorption rate for condos in the 34990 zip code area dropped to 6.8 months. A steep drop to almost a balanced market for this month, as a balanced market is considered to be an absorption rate of around 6 months.

The June 2012 numbers were: 66 active listings, 5 pending sales and 3 closed sales. Even with the significantly lower number of active condo listings, this year’s activity is much better.

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:

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Palm City Florida Market Report ZIP Code 34990 Condo June 2013

Sewalls Point Residential Market Report June 2013

07.09.13 by Gabe Sanders

Sewalls Point Residential Market Report June 2013

Sewalls Point Real Estate Snapshot, Residential Sales for June 2013

There are currently 52 active listings (a decrease of 6 homes for sale from May)

[singlepic id=3715 w=400 h=400 float=center]

10 Residential sales are pending and awaiting close or lender approval (Down 7 from last month)

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8 Homes sold in May (An increase of 1 home from May)

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For June, in the Sewalls Point residential real estate market remained strong with 8 closed sales, including a $2.6 million waterfront sale. Unfortunately, pending sales were off by 7 homes, possibly indicating a slower summer season ahead. The inventory of available homes is now down to only 52 homes.

The absorption rate dropped to 6.5 months. Basically, a balanced market. A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to June of 2012, the inventory was 57 homes on the market, 14 pending sales and there were 5 closed sales. Better activity this year, when the lower inventory is factored in. The drop in pending sales is troubling.

Please use the charts below as reference only as they rely on all residential types of property in the Sewalls Point real estate market:

[singlepic id=3718 w=700 h=700 float=center]

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Sewalls Point, FL Real Estate

Rental Properties

Rental Properties for Rent in Sewalls Point, Florida Between $0 – $500,000

Vacant Land Properties

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Sewalls Point Market Report – Residential, June 2013

the Florida Club July 2013 Market Activity

07.08.13 by Gabe Sanders

the Florida Club July 2013 Market Activity

Stuart, Florida

As of July 8, 2013:

There are 8 active listings for Florida Club homes for sale ranging in price from $219.000 to $448,315 with an average price per square foot of $150.77.

There are 5 homes under contract awaiting the sale with listing prices ranging from $174,900 to $224,900 for an average of $133.11 per square foot of living area. One of these homes is a bank owned (foreclosure) listing.

In the past 12 months, 32 homes have sold in the Florida Club with sales prices ranging from $172,000 to $459,900 and an average sales price of $132.46 per square foot of living area. Of these 32 sold homes, there was only 1 short sale and no bank owned foreclosures.

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 estates 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 the 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.

As of this writing, homes can be purchased in the Florida Club from the mid to high $100’s for villas to the upper $400’s for larger estate homes. 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 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.

For more information about golf at the Florida Club July 2013 Market Activity please visit their web site: Florida Club Web Site and watch their welcome video below:

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the Florida Club July 2013 Market Activity

May 2013 Monthly Market Detail Florida Townhouses and Condos

06.27.13 by Gabe Sanders

May 2013 Monthly Market Detail Florida Townhouses and Condos

More positive results reported by Florida Realtors for the May 2013 Monthly Market Detail Florida Townhouses and Condos for the entire state of Florida. All indices have moved in a positive direction again as have the single family report for May 2013. Year to year closed sales were up by 18.7% and new sales under contract (new pending sales) increased by a whopping 30.8%.

Both median and average sales prices were up (May 2012 to May 2013) by 15.9% and 11.4% respectively.

One item of concern is the active inventory which has decreased by almost 23.7%. The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale. This will also result in strong upward pressure on prices and at some point renewed activity in new construction. If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.

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Click here to view or download the full report:
May 2013 Monthly Market Detail Florida Townhouses and Condos

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.

May 2013 Monthly Market Detail Florida Townhouses and Condos

Palm City Florida Market Report ZIP Code 34990 Condo May 2013

06.19.13 by Gabe Sanders

Palm City Florida Market Report ZIP Code 34990 Condo May 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for May 2013

For May 2013 in the 34990 Zip Code area of Palm City, Florida :

There are currently 52 active condo listings. (Down 6 condos from April)

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16 Condo sales are pending and awaiting close or lender approval. (Increased by 2 condos from last month)

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3 Condos Sold in May. (Down 4 condos from April)

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The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes. Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results. Sales were only 3 units for May, yet the pending numbers were up, indicating some good closed activity for the next few months (if they all close). Inventory is now down to only 52 condos for Palm City.

The current absorption rate for condos in the 34990 zip code area jumped to 17.3 months. An extreme buyers market for this month, as a balanced market is considered to be an absorption rate of around 6 months.

The May 2012 numbers were: 66 active listings, 8 pending sales and 2 closed sales. Considerably better activity for 2013 than last year.

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Palm City Florida Market Report ZIP Code 34990 Condo May 2013

Sewalls Point Residential Market Report May 2013

06.10.13 by Gabe Sanders

Sewalls Point Residential Market Report May 2013

Sewalls Point Real Estate Snapshot, Residential Sales for May 2013

There are currently 58 active listings (a decrease of 3 homes for sale from April)

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17 Residential sales are pending and awaiting close or lender approval (No change from April)

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7 Homes sold in April (An increase of 3 homes from April)

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For May, in the Sewalls Point residential real estate market picked up steam from the previous month, with an additional 3 sales, for a total of 7. Pending sales were unchanged while the inventory of available homes decreased to 58.

The absorption rate dropped to 8.3 months. Still a buyers market in Sewalls Point, but only slightly. A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to May of 2012, the inventory was 66 homes homes on the market, 18 pending sales and there were 6 closed sales. Similar numbers to last year, but when the lower inventory is factored in, the market is much stronger this year.

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Palm City Florida Market Report ZIP Code 34990 Condo June 2013

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