Search Results for: st lucie county market report

September 2016 Monthly Market Detail Martin County Townhouses and Condos

September 2016 Monthly Market Detail Martin County Townhouses and Condos

September 2016 Monthly Market Detail Martin County Townhouses and Condos had reduced sales volume and prices for September as compared to last year, yet still remains a very active market.  Closed sales were down for the month, decreased by 3.2% (was up by 4.8% in August) while new sales under contract (new pending sales) were down by 16.8% from September 2014 (decreased by 8.7% in August).

Prices were mixed for September as the median sales price increased by 6.5% (was down by 9.3% in August) while the average sales price decreased by 4.0% (was down by 8.2% in August) as compared to September of 2015.  Typically this split indicates a greater number of sales in the lower priced ranges and slower movement in the higher priced segments.

The inventory of available townhouses and condos decreased by 13 units to 364 properties as compared to last month.  This is 11.3% greater than the September 2015 inventory.  Currently, there’s a 3.7 month supply of inventory (an 11.3% increase from last year).  Still a strong sellers market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

September 2016 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
September 2016 Monthly Market Detail Martin County 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.

September 2016 Monthly Market Detail Martin County Townhouses and Condos

September 2016 Monthly Market Detail Martin County Single Family Homes

September 2016 Monthly Market Detail Martin County Single Family Homes

The September 2016 Monthly Market Detail Martin County Single Family Homes continues to show reduced sales volume when compared to last years figures, yet remains a strong market.  Closed sales were down by 9.2% (was down by 9.1% in August). New pending sales decreased by 1.6% as compared to September of 2015 (Decreased by 7.8% in August).

For September there were mixed signals about prices with the median sales price rising by 12.4% from last year (up by 0.5% in August) while the average price decreased by 8.1% (was up by 2.2% last month).   Typically this is a result of higher prices in the lower valued range of home sales and fewer sales in the luxury market.

The inventory of available single family homes decreased from last month by 14 homes to 985 units for September,  this is 8.7% greater than last September.  Current supply of homes is 5.0 months, for September of last year it was a 4.3 months supply. (This is a 16.3% increase from last year).  Still a sellers 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.

September 2016 Monthly Market Detail Martin County Single Family Homes

Click here to view or download the full report:
September 2016 Monthly Market Detail Martin County Single Family Homes

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.

September 2016 Monthly Market Detail Martin County Single Family Homes

September 2016 Monthly Market Detail Florida Townhouses and Condos

September 2016 Monthly Market Detail Florida Townhouses and Condos

The September 2016 Monthly Market Detail Florida Townhouses and Condos had a weaker month for sale activity as compared to last year.   Closed sales were down by 3.9% as compared to last months increase of 3.3% and new sales under contract (new pending sales) decreased by 5% (In August there was a 6.1% decrease).

Price changes were mixed this month with the median prices rising while average prices declined..  Median sales prices were up by 6.7% (was also up by 6.7% in August), while the average sales price decreased by 2.9% (was up 3.4% in August).  As sales activity decreases and if inventory continues to increase, I expect these prices to continue to moderate.

The inventory increased by 9.3% from September of last year.  For August 2016 we have 5.8 months of inventory (was also 5.8 months in August) and compared to 5.1 for September 2015.  We are approaching a balanced market for Florida townhouse and condo sales. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

September 2016 Monthly Market Detail Florida Townhouses and Condos

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:
September 2016 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.

September 2016 Monthly Market Detail Florida Townhouses and Condos

Beau Rivage October 2016 Market Report

Beau Rivage October 2016 Market Report

For October 2016, there are 4 homes for sale in Beau Rivage.  List prices range from $339,000 up to $859,900 for an average list price of $474,700 or $181.90 per sq. ft. of living area.

There are 2 homes under contract which haven’t completed their sale.  List prices for these homes were $189,900 and $224,900 for an average list price of $207,400 which works out to $133.63 per sq. ft. of living area.  These homes averaged 34 days on the market before going under contract.

In the past 12 months, 13 homes have sold in Beau Rivage.  Sales prices ranged from $185,000 up to $850,000.  The average sales price was $370,362 which equaled $163.76 per sq. ft. of living area.  These homes averaged 93 days on market before going under contract and sold for an average of 96% of the last list price.

About Beau Rivage Real Estate in Stuart FL

Beau Rivage Estates in Stuart FL

Nestled along the St. Lucie River in Stuart, Beau Rivage Estates feature beautiful family homes, many with waterfront and ocean access! Imagine being able to walk out of your back door and have your 20’ weekend escape sitting in the water waiting for you! The neighborhood features homes with spacious yards and gorgeous landscaping. The homes have large bedrooms, family and Florida rooms. Most homes even have pools! As if Beau Rivage Estates didn’t sound great already, it is also minutes away from Stuart and Jensen Beach’s hot spots such as the Treasure Coast Square Mall, along with many shopping centers, and great chain and local restaurants. ‘A’ rated schools; Jensen Beach High School, Jensen Beach Elementary school and Felix A. Williams are all fantastic schools that are close by!

Beau Rivage Real Estate in Stuart FL

Beau Rivage Estates is actually in Saint Lucie County, but the local addresses are in Stuart, Florida and Beau Rivage residents attend Martin County schools.

Search for Beau Rivage Homes for Sale

September 2016 Monthly Market Detail Florida Single Family Homes

September 2016 Monthly Market Detail Florida Single Family Homes

The September 2016 Monthly Market Detail Florida Single Family Homes showed slightly weaker sales activity from last year.  Closed sales were down by 0.5% (was up by 8.2% in August) and new sales under contract (new pending sales) were down by 4.8% (was down by 1.1% in August).

Both the median and average sales prices, though, continue to rise from September 2015 to September 2016.  Up by 11.3% and 6.8% respectively, compared to August’s 12.6% and 9.3%.  I expect the rate of price increases to moderate of sales continue to slow and if inventory begins to rise.

The inventory of available homes for sale fell by 1.6% from last year.  For September there was only a 4.2 months supply of inventory as Florida remains in a sellers market with the advantage for sellers. (September of 2015 had a 4.3 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

September 2016 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:

September 2016 Monthly Market Detail Florida Single Family Homes

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.

September 2016 Monthly Market Detail Florida Single Family Homes

Admiral Condos October 2016 Market Report

Admiral Condos October 2016 Market Report

As of October 2016 there are no condos available to purchase in the Admiral on Hutchinson Island in Jensen Beach FL.

There are also no condos under contract at this time.

Int he past 12 months, 2 condos have sold in the Admiral.  Sales prices were $288,645 and $305,000 for an average sales price of $296,823 which equals $198.16 per sq. ft. of living area.  These two condos went under contract in an average of 144 days and sold for an average of 100% of the listed price.

About the Admiral Condominium at Island Dunes

The Admiral Condominiums at Island Dunes on Hutchinson Island in Jensen Beach FL is a high rise building with 104 condos that was built in 1983.  Residents of the Admiral belong to the Island Dunes Country Club which offers a challenging nine hole golf course golf course on the on the banks of the wide Indian River, a championship tennis club , a pro shop, a deep water marina and fine dining at Pietro’s on the River, the onsite restaurant area which is open to the public.

The Admiral Condominium at Island Dunes

Condos in the Admiral range from 3 bedroom, 3 bathroom units with a spacious 1,922 sq. ft. of living area (under air) down to 2 bedroom, 2 bathroom condos with 1,377 sq. ft.  The current condo association fees (March 2016) range from 2,300 to 3,000 a quarter depending on the size of the condo.  These fees include the many amenities for this building and the Island Dunes Country Club including both Golf and Tennis memberships as well as potential access to deep water ocean access docks.

The Admiral Condominium at Island Dunes The Admiral Condominium at Island Dunes

All units have wonderful ocean views while many also have sweeping views of the Intracoastal (Indian River) as well as the Island Dunes golf course.  There’s also a private beach access as well as barbecue facilities.

The Admiral Condominium at Island Dunes The Admiral Condominium at Island Dunes

Wonderful amenities are included such as a full first floor common area with kitchen and space for parties, a game room, fitness center and sauna.  The Admiral is a pet free building. Rentals are allowed with restrictions.

The Admiral Condominium at Island Dunes

For those wishing to experience true resort style living on Hutchinson Island in Jensen Beach FL, the Admiral may be the perfect fit.

Click on this link for the currently available Admiral Condos for Sale

Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you may wish to consider:
AtlantisClaridgeDune WalkEmpressIsland Club –  Island CrestIsland DunesIslandiaMiramarMiramar RoyaleOcean DunesOceana NorthOceana OceanfrontOceana SouthOcean TowersOceanrise  – Ocean Bay VillasPrincess –  RegencySand Dollar ShoresSea WindsVilla del Sol

The Princess of Hutchinson Island October 2016 Market Report

The Princess of Hutchinson Island October 2016 Market Report

As of October 2016, there are 4 active listings in the Princess of Hutchinson Island. List prices range from a low of $224,900 to a high of $344,450 for an average list price of $340,925 and an average cost per sq. ft. of living area of $242.06.

There are 3 condos under contract that have not closed as of this writing.  List prices were from $280,000 up to $319,000 for an average list price of $296,300 or $227.03 per sq. ft. of living area.  These two condos were on the market for an average of 75 days before going under contract.

In the past 12 months, 15 condos have sold in the Princess.  Sales prices ranged from $215,000 up to $470,000 for an average sales price of $314,897 or $215.48 per sq. ft. of living area.  These condos were on the market for an average of 112 days before going under contract and sold for an average of 97% of the last list price.

The Princess of Hutchinson Island in Jensen Beach Florida

Google Earth image

The Princess of Hutchinson Island is one of the more elegant high rise condominiums on Hutchinson Island in Jensen Beach.  Located just North and East of Nettles Island and just 2 miles North of the Jensen Beach Causeway this 20 story condominium has both 3 bedroom, 2 bathroom condos and 2 bedroom, 2 bathroom condos with varying floor plans from 1,209 sq. ft. to spacious 1,716 sq. ft. units.

The Princess of Hutchinson Island The Princess of Hutchinson Island

The Princess was built in 1984 and has a heated pool, Jacuzzi, common area with a game room, kitchen and bar.  There’s tennis and bocce courts as well as trailer parking and a vehicle wash area.

The Princess of Hutchinson Island The Princess of Hutchinson Island

The maintenance fees which include use of all facilities as well as exterior maintenance and insurance run from just under $500 a month to $700 a month depending on the size of the condo.  The Princess of Hutchinson Island is one of the premier locations on the Island and is a much sought after building.

The Princess of Hutchinson Island

Search here for all available Princess of Hutchinson Island Condos for Sale

Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you may wish to consider:
AdmiralAtlantisClaridgeDune WalkEmpressIsland Club –  Island CrestIsland DunesIslandiaMiramarMiramar RoyaleOcean DunesOceana NorthOceana OceanfrontOceana SouthOcean TowersOceanrise  – Ocean Bay VillasRegencySand Dollar ShoresSea WindsVilla del Sol

Joes Point October 2016 Market Report

Joes Point October 2016 Market Report

As of October there are three active listings in Joes Point.  List prices range from $850,000 up to $1,350,000 for an average list price of $1,131,667 which works out to $382.82 per sq. ft. of living area..

There are no homes currently under contract.

In the past 12 months, one home has sold in this waterfront community.  The sales price was $$714,000 which equals $232.04 per sq. ft. of living area.  This home went under contract in 72 days and sold for 90% of the list price.

Joes Point on Hutchinson Island

One of the most unusual properties on Stuart’s Hutchinson Island is Joes Point.  Located on a private peninsula which juts to the north west into the mile wide Indian River (Intracoastal Water Way). Originally developed by Lloyd Dutcher in the early 1980’s this is a premier waterfront subdivision enjoying the many wonderful amenities of Hutchinson Island in Martin County.  Only minutes to the Saint Lucie inlet and the sparkling Atlantic Ocean by boat, with easy access to the Bahamas or through the Okeechobee water way through the heart of Florida to the Gulf of Mexico by boat.  This is a true boaters paradise.  Abundant fishing is just off the dock or go just a few minutes further for some deep sea fishing and adventure.

 Joes Point on Hutchinson Island

Joes Point has 56 home sites (3 are vacant lots at this writing) of which most are waterfront with private docks and sweeping water views of the Intracoastal Waterway (Indian River). There are 8 non-waterfront homes, though they have docks in the community marina which is just a short walk from these homes.  There is also a community RV/Boat storage area as well as a tennis court.  HOA fees as of late 2016 were under $245 per month and include central water and sewer service.

Joes Point on Hutchinson Island

Pets are welcome as well as having the ability to rent these homes.  This is a gated community offering a high level of privacy on the shores of the Indian River.  Beach access is across A-1-A in a private and HOA owned beach area.

Search here for any available Joes Point Homes for Sale

Atlantis Condos on Hutchinson Island October 2016 Market Report

Atlantis Condos on Hutchinson Island October 2016 Market Report

There are currently 7 condos on the market in the three Atlantis condo buildings..  List prices range from $189,000 to $344,900 for an average list price of $257,800 which equates to $223.56 per sq. ft. of living area.

There are 2 Atlantis condos that are under contract that haven’t sold to date.  List prices are $229,900 and $299,000 for an average of $264,450 or a per sq. ft. price of $240.31.  These two condos went under contract in an average of 107 days.

In the past 12 months, 10 condos have sold in Atlantis.  Sales prices ranged from $125,000 to $265,000 with an average sales price of $207,440 or $188.75 per sq. ft. of living area.  These condos sold in an average of 109 days and at an average of 96% of list price.Atlantis Condos on Hutchinson Island in Jensen Beach

Atlantis Condos on Hutchinson Island in Jensen Beach FL (Saint Lucie County) consists of three buildings.  Atlantis ‘A’, Atlantis ‘B’ and Atlantis ‘III’.   Buildings A and B were constructed in 1978 and consist of 68 2 bedroom 2 bathroom condos with 1,053 sq. ft. of living space on 7 stories.  End units are slightly bigger with wrap around balconies and 1113 sq. ft. of living space.  Building III was built in 1982, also with the same number of condos but is slightly larger with 1,151 sq. ft. interior units and 1,258 sq. ft. on the ends.

Atlantis Condos on Hutchinson Island in Jensen Beach

Condo association fees at the time of this post were in the low $300’s per month for Buildings A & B and the low $400’s for Atlantis III.  These three buildings have two pools in between them as well as direct ocean access from the rear of all buildings.  Those on floors 3 to 7 enjoy excellent ocean and beach views, while the lower floors have partially blocked views because of the sand dunes. There is ample outdoor parking for all residents as well as two tennis courts and a vehicle wash area.

Atlantis Condos on Hutchinson Island in Jensen BeachAtlantis Condos on Hutchinson Island in Jensen Beach

The Atlantis condos are conveniently located just 1 and ½ miles north of the Jensen Beach Causeway and within an easy drive of shopping, restaurants and all the amenities offered on Florida’s Treasure Coast.

Atlantis Condos on Hutchinson Island in Jensen BeachAtlantis Condos on Hutchinson Island in Jensen Beach

Give the Gabe Sanders BlueWater realty team a call or email if you would like more information or wish to see the Atlantis complex in Jensen Beach FL.

Search for Atlantis Condos on Hutchinson Island for Sale

Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you may wish to consider:
Admiral  Claridge  Dune Walk  Empress  Island Club –  Island Crest  Island Dunes  Islandia  Miramar  Miramar Royale  Ocean Dunes  Oceana North  Oceana Oceanfront  Oceana South  Ocean Towers  Oceanrise  – Ocean Bay Villas  Princess –  Regency  Sand Dollar Shores  Sea Winds  Villa del Sol

Orchid Bay Palm City FL October 2016 Market Report

Orchid Bay Palm City FL October 2016 Market Report

There are currently 3 homes available to purchase in Orchid Bay.  List prices range from $584,500 to $649,000.  The average listing price is $626,833 which equates to $179.70 per sq. ft. of living area.

3 homes are under contract and awaiting sale.  The list prices are $445,000 and $489,999 which average to $466,633 and is $177.31 per sq. ft. of living area. These three homes averaged 150 days on the market before going under contract.

In the past 12 months, 7 homes have sold in Orchid Bay.  Sales prices ranged from $369,000 to $550,000 for an average sold price $444,286 which equals $161.75 per sq. ft. of living area.  These 7 homes averaged 175 days on the market before the sellers accepted an offer and sold for an average of 97% of the listed price.

One of the most desirable communities in Palm City, Orchid Bay (also known as Captain’s Creek) lies just south of the new Palm City Veteran’s Memorial Bridge off of Mapp Road.  This gated community of 153 homesites (including only two vacant lots at this time) enjoys spacious private lots of at least a ½ acre with a few properties residing on over 1 acre sites.  This planned community was developed by the Tartan land Company in the early 1990’s and all homes are individually constructed by the lot owner’s builder of choice.  Consequently this is not a “cookie cutter” community by any means.

Homes range in size from over 5,000 sq. ft. of living area to just over 2,000.  From as many as 8 bedrooms down to 3 bedroom homes.  Both one and two story residences. Homes were built from 1992 through 2007.  Amenities include tennis courts, a picnic and playground area as well as a public gazebo.  Numerous lakes and ponds are on this property with many homes enjoying serene water views.  Orchid Bay has its own community propane tank so all residents have the option of hooking in for propane utilities if desired.

HOA fees at the time of this writing are $415 per quarter.   These fees include maintenance of the roads, trash pickup, common areas as well as basic cable TV service.

Children of Orchid bay attend wonderful schools:  Palm City Elementary, Hidden Oaks Middle and Martin County High.

Search here for all available Orchid Bay Homes for Sale

For any questions you may have about Orchid Bay, 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

Orchid Bay Palm City FL October 2016 Market Report

August 2016 Monthly Market Detail St Lucie County Townhouses and Condos

August 2016 Monthly Market Detail St Lucie County Townhouses and Condos

The August 2016 Monthly Market Detail St Lucie County Townhouses and Condos picked up a little from last month and remains active.  Closed sales were down 3.8% from last year (was down 22.6% in July) while new pending sales decreased by 2.9% (was down by 2.6% in July).

Prices on the other hand went back to increasing after last month with the median price up by 23.0% (was down by 18.8 in July) while the average sales price increased by 10.8% (decreased 1.7% in July).  These increases were unexpected as I don’t expect prices to rise quite this fast year to year in the future.  Though, I also don’t expect them to decline anytime soon either.

The inventory of available townhouses and condos increased by 17 units from last month to 526 units, which is only 1.7% less than August 2015. The current supply of inventory is 5.3 months, which is just a little more than the 5.2 months of inventory last year.  The St Lucie County townhouses and condos continues to be in a sellers market. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

August 2016 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
August 2016 Monthly Market Detail St Lucie County 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 2016 Monthly Market Detail St Lucie County Townhouses and Condos

August 2016 Monthly Market Detail St Lucie County Single Family Homes

August 2016 Monthly Market Detail St Lucie County Single Family Homes

August 2016 Monthly Market Detail St Lucie County Single Family Homes showed some improvement in closed sales from last month and last year while new pending sales are still down from last year.  Closed sales were up by 8.3% (in July they were down by 9.0%) and new sales under contract (new pending sales) decreased by 15.1% (they were down by 10.0% last month).

Though, prices continue their upward march at very strong rates.  The median and average sales prices up by 18.7% and 20.2% respectively from last August (For July these numbers were 13.0% and 15.2%).  While these are very good results for sellers, they make me a little nervous as rates of increase this high may result in lower affordability of homes and subsequently less sales in the future.

Active listings increased by 137 homes to 1,614 homes.  This inventory is 9.6% higher than last year.  The current supply of homes is at 3.6 months (3.3 months for August of 2015). The St Lucie County single family home market remains in a very strong sellers market.  A balanced market is one with a 6 to 7 month supply of inventory.

August 2016 Monthly Market Detail St Lucie County Single Family Homes

Click here to view or download the full report:
August 2016 Monthly Market Detail St Lucie County Single Family Homes

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 2016 Monthly Market Detail St Lucie County Single Family Homes

August 2016 Monthly Market Detail Martin County Townhouses and Condos

August 2016 Monthly Market Detail Martin County Townhouses and Condos

August 2016 Monthly Market Detail Martin County Townhouses and Condos had reduced sales volume and prices for August yet still remains a very active market.  Closed sales were up for this month, decreased by 4.8% (was up by 4.7% in July) while new sales under contract (new pending sales) were down by 8.7% from August 2014 (decreased by 15.2% in July).

Prices were also off for August as the median sales price decreased by 9.3% (was up by 8.8% in July) while the average sales price decreased by 8.2% (was up by 4.1% in July) as compared to August of 2015.  I think this is just a temporary situation as I feel prices will continue to rise for the near future.

The inventory of available townhouses and condos increased by 7 units to 377 properties as compared to last month.  This is 16.7% greater than the August 2015 inventory.  Currently, there’s a 3.9 month supply of inventory (an 25.8% increase from last year).  Still a strong sellers market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

August 2016 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
August 2016 Monthly Market Detail Martin County 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 2016 Monthly Market Detail Martin County Townhouses and Condos

August 2016 Monthly Market Detail Martin County Single Family Homes

August 2016 Monthly Market Detail Martin County Single Family Homes

The August 2016 Monthly Market Detail Martin County Single Family Homes continues to show reduced sales volume when compared to last years figures, yet remains a strong market.  Closed sales were down by 9.1% (was down by 9.5% in July). New pending sales decreased by 7.8% as compared to August of 2015 (Decreased by 22.3% in July).

Both median and average sales prices moderated for August.  The median sales price was down by 0.5% from last year (up by 6.1% in July) while the average price increased by 2.2% (was up by 13.8% last month).  As I’ve mentioned in my earlier market reports, this reduction in price increases was expected as the inventory increased.  (Basic laws of supply and demand.)

The inventory of available single family homes increased from last month by 12 homes to 999 units for August,  this is 13.7% greater than last August.  Current supply of homes is 5.0 months, for August of last year it was a 4.2 months supply. (This is a 19.0% increase from last year).  Still a sellers 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.

August 2016 Monthly Market Detail Martin County Single Family Homes

Click here to view or download the full report:
August 2016 Monthly Market Detail Martin County Single Family Homes

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 2016 Monthly Market Detail Martin County Single Family Homes

August 2016 Monthly Market Detail Florida Townhouses and Condos

August 2016 Monthly Market Detail Florida Townhouses and Condos

The August 2016 Monthly Market Detail Florida Townhouses and Condos continues to show improvement over the previous year and had improved results from the past few months as well.   Closed sales were up by 3.3% as compared to last months decrease of 11.5% and new sales under contract (new pending sales) decreased by 6.1% (In July there was a 11.3% decrease).

Prices continue to go up, though not as fast as previous months.  Median sales prices were up by 6.7% (was up by 6.8% in July), while the average sales price increased only by 3.4% (was up 0.4% in July).  These price rises should continue but generally not at a very high rate.

The inventory increased by 9.3% from August of last year.  For July 2016 we have 5.8 months of inventory (was 5.9 months in July) and compared to 5.2 for August 2015.  We are currently in a very slight sellers market for Florida townhouse and condo sales. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

August 2016 Monthly Market Detail Florida Townhouses and Condos

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 2016 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 2016 Monthly Market Detail Florida Townhouses and Condos

August 2016 Monthly Market Detail Florida Single Family Homes

August 2016 Monthly Market Detail Florida Single Family Homes

The August 2016 Monthly Market Detail Florida Single Family Homes rebounded a bit from last month.  Closed sales were up by 8.2% (was down by 8.0% in July) and new sales under contract (new pending sales) were down by 1.1% (was down by 9.6% in July).

Both median and average sales prices continue to rise ( August 2015 to August 2016) by 12.6% and 9.3% respectively, compared to July’s 11.6% and 8.0%.  These price rises continue to be a bit to high to be sustainable for a long period of time.

The inventory of available homes for sale fell by 1.8% from last year.  If prices continue to rise rapidly, I expect the inventory to expand in the future.  For August there was only a 4.2 months supply of inventory as Florida remains in a sellers market with the advantage for sellers. (August of 2015 had a 4.4 month supply)  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

August 2016 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:

August 2016 Monthly Market Detail Florida Single Family Homes

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 2016 Monthly Market Detail Florida Single Family Homes

The River Club September 2016 Market Report

The River Club September 2016 Market Report

As of September 2016 there are two available condos for sale in the River Club.  List prices are $145,000 and $175,000 for an average asking price of $160,000 which is $141.05 per sq. ft. of living area.

There are no condos currently under contract.

In the past 12 months, 9 condos have sold in the River Club.  Sales prices ranged from $122,000 up to $315,000 for an average sales price of $168,056 which works out to $152.32 per sq. ft. of living area.  These condos sold for an average of 96% of the last list price and went under contract in an average of 47 days.

Please contact me if you need an explanation of the reasons for the wide disparity in sales prices in the River Club.

About The River Club of Martin County:

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The River Club of Martin County is a waterfront condo community that was built between the years of 1978 and 1980.  There are 15 buildings with 188 total condos all of which are 2 bedroom and 2 bathrooms.  These are all two story buildings.  There are two different floor plans with 1,220 and 1,072 sq. ft., of living areas.  Four of these buildings enjoy beautiful wide waterfront views of the Saint Lucie River.  The River Club has a 50 slip marina that is run by a separate dock association.  In order to own a slip in the River Club one must be a condo owner.  Tenants and owners do have the opportunity to rent slips should they be available for lease.

Entrance to the River Club

Great amenities include a clubhouse with game room and kitchen facilities, a community pool, fitness room, shuffleboard courts, workshop, and cable TV and internet access (including wi-fi) included in the condo fees.  The condo fees as of May 2016 are $326 a month.

Sunset from the River Club

All ages are welcome in the River Club but no pets are allowed.  Rentals are allowed with some restrictions as to duration and length of unit ownership.  No commercial vehicles or motorcycles are allowed, but pickup trucks with covers are permitted.

Community Pool of the River Club

The River Club is a great choice for those looking for an affordable condo community with deep water docks and fishing as well as a full complement of amenities.

fountain of the the River Club

Search here for any River Club condos for sale

The River Club September 2016 Market Report

Banyan House Condos Stuart FL September 2016 Market Report

Banyan House Condos Stuart FL September 2016 Market Report

There are currently 2 condos for sale in the Banyan House.  List prices are $149,900 and $179,000 for an average of $164,450 which is $115.60 per sq. ft. of living area.

There is 1 condo under contract.  This condo was listed for $118,000 or $86.13 per sq. ft. of living area.  This condo went under contract in 8 days.

In the past 12 months, 2 condos have sold in the Banyan House.  Sales prices were $142,500 and $145,000 for an average sales price of $143,750 which equals $104.93 per sq. ft. of living area.  These condos averaged 50 days on market before going under contract and sold for an average of 91% of list price.

About the Banyan House Condos in Stuart FL:

Located on Saint Lucie Blvd in Stuart, FL, these condos are close to the Martin County Community Golf Club as well as the beaches and downtown Stuart.  This complex was completed in 1980 and consists of 64 2 bedroom, 2 bathroom condos on either the first or second floor of these 4 identical 2 story buildings.

Banyan House Condos in Stuart FL

The Banyan House complex residents enjoy a heated pool and 2 tennis courts and a clubhouse as their amenities.  All ages are welcome and up to 1 medium sized pet is also allowed.   Rentals are also allowed with some restrictions.  For 2016, the association fees are $427 per month.  These fees include basic cable TV, landscape service, building insurance and maintenance, water and sewer, trash pickup, reserves and management services.

Banyan House Condos in Stuart FL

Children living in Banyan House currently attend the JD Parker elementary school, Stuart middle school and the Jensen Beach high school.

Banyan House Condos in Stuart FL

These Banyan House condos are much sought after because of their excellent location as well as being such a well-run and well-managed community.  Condos tend to sell very quickly when they come on the market.  Those interested in a Banyan House condo should contact us and be set up on a new listing notifier for this Stuart community.

Banyan House Condos in Stuart FL

Search here for any current listings in the Banyan House Condo Complex.

Banyan House Condos Stuart FL September 2016 Market Report

Bay Pointe Palm City September 2016 Market Report

Bay Pointe Palm City September 2016 Market Report

There are four homes currently for sale in Bay Pointe in Palm City FL.  These homes are listed for sale from $535,000 up to $2,595,000 for an average list price of $1,790,549 which equals $362.53 per sq. ft. of living space.

There are no homes currently under contract in Bay Pointe.

In the past 12 months, 3 homes have sold in Bay Pointe.  Sales prices ranged from $700,000 to $2,100,000 for an average sales price of $1,383,333 which works out to $256.90 per sq. ft. of living area.  These three homes were on the market for an average of 51 days before going under contract.  These homes sold for an average of 91% of the list prices.

About Bay Pointe in Palm City, Florida:

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Located next to Seagate Harbor and Lighthouse Pointe is the exclusive subdivision of Bay Pointe in Palm City Florida.  This exclusive gated waterfront subdivision boasts 23 homes and lots on the wide waters of the Saint Lucie River.  An additional 11 non waterfront homes and homesites enjoy the amenities of this private community.  Even the non-waterfront homes have access to docks with a community pier located on the south side of the community.

The current HOA fees vary from $910 up to $1,350 a month depending on whether the owner chooses to have the HOA do the landscaping for the yard (current as of September 2016).

Bay Pointe waterfront in Palm City FL
Located with a large private preserve area to the south and west and enjoying magnificent wide water views to the east.  Only minutes to the wide Atlantic Ocean by boat and enjoying the amenities and low taxes of Martin County make Bay Pointe a wonderful place to call home.

Bay Pointe waterfront in Palm City FL
Close to parks, beaches, shopping and boasting the ‘A’ rated school system of Martin County.  Current school assignments for Bay Pointe are the Bessey Creek Elementary School, Hidden Oaks Middle School and Martin County High School.

Bay Pointe waterfront in Palm City FL

The Gabe Sanders real estate team has some excellent buyer and seller rebate programs available for a limited time for those interested in buying or selling in Bay Pointe.  (Available until 12/2016)  Please call for details.

Bay Pointe waterfront in Palm City FL

Search for Bay Pointe Homes for Sale

Bay Pointe Palm City September 2016 Market Report

Hammock Creek September 2016 Market Report

Hammock Creek September 2016 Market Report

There are currently 11 homes actively listed in Hammock Creek in Palm City, Florida.  Prices range from $375,000 to $699,900.  The average list price is $529,527 at $162.86 per square foot of living area.

There are 7 homes currently under contract awaiting closing.  The list prices range from $353,750 to $649,000 at an average list price is $464,664 which is equal to $165.80 per square foot of living area.  These homes averaged 118 days from list date to being under contract.

In the past 12 months, 28 homes have sold in Hammock Creek.  Sales prices ranged from $319,000 to $640,000 with an average sales price of $466,913 or $155.03 per square foot of living area.  These homes went under contract in an average of 53 days and sold for 97% of list price.

Hammock Creek is a lovely gated upscale neighborhood consisting of three separate sections, The Sanctuary, The Preserve, and The Estates. The community is centered around the Hammock Creek Golf Course, a Jack Nicklaus designed course. Homes in Hammock Creek consist of one and two stories with square footage ranging from 2000 to over 5000 square feet and prices starting in the low 300’s.Most of the homes sit on generous lots with a view of either the lake, preserve, or golf course.

There are wide paver sidewalks ideal for families who enjoy biking, walking, and jogging. Close to fine shopping, nice restaurants, immediate access to I-95 and the turnpike, and A Rated Palm City schools makes Hammock Creek one of Martin County’s premier neighborhoods.

Low HOA fees ranging from approximately $260 to $390 per month depending on which section one resides .

Depending on which section of Hammock Creek you are in HOA fees run from $285 to $485 per quarter.   The ‘A’ rated Martin County schools that children from Hammock Creek attend are the Palm City elementary, Hidden Oaks middle and Martin County high schools.

Here are the currently available homes in Hammock Creek September 2016 Market Report

For any questions you may have about Hammock Creek September 2016 Market Report, 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

Hammock Creek September 2016 Market Report