Search Results for: st lucie county market report

Condominium Market Report for May 2011 in Martin County, Florida

06.18.11 by

Condominium Market Report for May 2011 in Martin County, Florida

The Martin County market activity in the condo real estate segment of the market remains fairly positive as to numbers.  Sales were just about unchanged from last year (up 1 unit), which was artificially inflated by the government’s first-time buyers assistance program.  Inventory levels dropped again and continues a positive trend.  Less inventory means less supply.  If demand picks up at all in the near future, this will signal the start of rising prices.  Unfortunately, at present, prices are still falling, though not nearly as severely as in the past few years.  One month absorption rate is at 12 months, a good improvement from last year’s 15 months.

Condominium Market Report for May 2011 in Martin County, Florida

the Gabe Sanders real estate team

Residential Homes, Condos and Land

Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Residential Market Report for May 2011 in Martin County, Florida

06.17.11 by

Residential Market Report for May 2011 in Martin County, Florida

The May results for the Martin County residential real estate market show fairly strong results with a continuing decrease in inventory and sales that almost match last year’s results without the benefit of the government’s first-time buyers assistance program.  The one-month (non-averaged) absorption rate is below 10 months which is better than in the past 4 years.  We would like to see an absorption rate in the 5 to 7 month range which is an indicator of a balanced market. Median prices are significantly lower than last year.  The average sales price is a little less off.  The average price trend line showed a drop in May after a few months of increases.  Summer is now here, and typically market activity slows a bit as the seasonal buyers have gone north for the summer.

Residential Market Report for May 2010 in Martin County, Florida

the Gabe Sanders real estate team

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

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Another Conquistador Condos for Sale in Stuart Florida, SOLD

06.07.11 by

Conquistador Condos for Sale in Stuart Florida, SOLD

Conquistador is an affordable Stuart treasure.  This unit has the best view of the St. Lucie River in the complex.  This third-floor suite has been recently updated; it is light and bright featuring a 2/2 split plan. Washer/Dryer connections are in place and it is a close walk to the clubhouse which has a new exercise room and an Olympic-size heated pool. The condo is close to beaches, shops, and medical facilities and is next to the 36-hole Martin County Public golf course. There are no pets allowed in this building. This lovely condo was just sold by the Gabe Sanders real estate team for $104,000.
Conquistador is the prime senior location in Stuart Florida. 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, and 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 clubhouse pool.


This is a very active senior community with an active clubhouse with a 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 Conquistador Condos for Sale

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team


Conquistador Condos for Sale in Stuart Florida, SOLD

the Saint Lucie River on Florida’s Treasure Coast

05.25.11 by

the Saint Lucie River on Florida’s Treasure Coast

The Saint Lucie River is located in the Martin and Saint Lucie Counties of Florida. The North Fork originates in Saint Lucie County and winds for miles until joining the South Fork in Martin County on the shores of Palm City, Jensen Beach and Stuart.  The South Fork becomes the Okeechobee waterway and is navigable through the lake and beyond to the Gulf of Mexico via the Caloosahatchee River.
The Saint Lucie River in Martin County is almost a mile wide in places and offers residents great boating and aquatic recreation.  The river empties to the Atlantic Ocean at the Saint Lucie inlet which is only a short boat ride to the sparkling blue waters of the Bahamas.

the Saint Lucie River on Florida’s Treasure Coast

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Condominium Market Report for April 2011 in Martin County, Florida

05.21.11 by

Condominium Market Report for April 2011 in Martin County, Florida

Corresponding fairly closely to the residential Martin County Market Report, condo sales were off from a year ago as well as from last month.  Possibly due in small measure to the coming end of the season, but not completely as it takes some time for transactions to close, typically from 30 to 60 days.  So, April sales actually represent contracts written in February and March.  Historically, April sales are typically slightly less than March.  Inventory had a small decline and we are back to inventory levels last seen in November of 2005.  Unfortunately, both median and average sales prices are still decreasing.  The one-month absorption rate is back up to 14.8 months for April.

Condominium Market Report for April 2011 in Martin County, Florida

the Gabe Sanders real estate team

Residential Homes, Condos and Land

Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Residential Market Report for April 2011 in Martin County, Florida

05.20.11 by

Residential Market Report for April 2011 in Martin County, Florida

Mixed results for April in the Martin County Residential Market Report.  Sales were off considerably from last year (which it’s important to keep in mind were greatly inflated by the government’s first-time home buyer’s tax credit).   Unfortunately, sales were also off a bit from a very strong March of this year (down to 161 homes from a March total of 187).  On the positive side, the inventory is continuing to shrink, now down to 1531 units.  The last time it was at this level was back in November of 2005.  Both median and average sales prices were up for April, reflecting the fact that some higher-end homes are now selling.  The single-month absorption rate increased to 9.51 months (not reflected in my 3-month moving average chart).   It’s still too early to tell if we have actually bottomed out in this market and are holding steady or even seeing some price increases.  I expect June numbers to be off a little as we go into our seasonal cycle.

Residential Market Report for April 2010 in Martin County, Florida

the Gabe Sanders real estate team

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

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Beautifully Updated Waterfront Pool Home for Sale in Palm City – Just Listed

05.12.11 by

Beautifully Updated Waterfront Pool Home for Sale in Palm City – Just Listed
Pelican Cove

Waterfront paradise in the private secluded Pelican Cove neighborhood of Palm City!  This totally remodeled and updated home with 110′ on a deep water canal that is only 4 lots from the wide open Saint Lucie River and only a short ride to the wide open waters of the Atlantic Ocean. This fully upgraded home features 3 Br’s, 2 Baths and a 2 car garage.  A screened gas heated pool and spa with a large lanai and a built-in chef’s gas grill.  Totally renovated kitchen with high-quality granite surfaces, gas cooktop, custom cabinets, Sub Zero 70 bottle wine cooler, and much more.  Beautiful hickory hardwood floors in all living areas and master bedroom.  Solar hot water augments the electric water heater for low utility bills.  Many more refinements, please call for a complete list.
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Lushly landscaped in a wonderful quiet neighborhood with ‘A’ rated schools and close to shopping, the turnpike as well as only minutes to the pristine beaches of Martin County.  Very competitively priced, this home is ready for its new owner.
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Ocean access waterfront home with large deep water dock and screened pool.

Search for All Palm City Waterfront Florida Real Estate

Beautifully Updated Waterfront Pool Home for Sale in Palm City – Just Listed

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Palm City Florida Real Estate is presented by:
the Gabe Sanders real estate team

Residential Market Report for February 2011 in Martin County, Florida

03.21.11 by

Residential Market Report for February 2011 in Martin County, Florida

For February 2011, Martin County residential sales rebounded from the poor January results and have come in at fairly good numbers compared to the past few years.  Inventory remains high but also continues to decrease.  We are seeing a significant number of homes on the market that are basically not a viable sale at their current price and condition, so the real inventory is probably a bit less than the total number on the chart.  Average sales prices decreased for February, however, the median price was up, so in effect, we feel prices by and large have either stabilized or are decreasing at very low rates in most segments of the market, with some notable exceptions.  These exceptions are the very upper end of the price range as well as continued pressure on newer communities built during the boom times.  The absorption rate remains troublesomely high at over 15 months.

Residential Market Report for February 2010 in Martin County, Florida

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

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Condominium Market Report for February 2011 in Martin County, Florida

03.20.11 by

Condominium Market Report for February 2011 in Martin County, Florida

Condo sales for February improved from January and matched the good numbers we had in December.  Median prices declined a bit but show some signs that price declines have moderated considerably.  Inventory is basically unchanged from last month, which remains at a low point for the past few years.  The 3 month absorption rate remains high at 15.5 months.  Most experts feel a balanced market is reflected by a 6 month absorption rate, so we still have a long way to go.

Condominium Market Report for February 2011 in Martin County, Florida

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Residential Homes, Condos and Land

Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Mariner Cay Real Estate in Stuart Florida

03.04.11 by

Mariner Cay Real Estate in Stuart Florida

Why should you look into Mariner Cay real estate? The real estate market has much to offer in today’s economy. That is why a great deal of time and effort must be put into searching for the best option available. When it comes to options available Mariner Cay waterfront homes have so much to offer. This wonderful community located along what is referred to as the Treasure Coast of Florida in Martin County is appealing for many different reasons.

Florida’s subtropical and tropical climate makes many seasonal activities year-round. In addition, many other choices are added to the extensive list of pursuits in recreation, entertainment and outdoor adventures. With all the water the beaches are a must for an inexpensive form of pleasure and relaxation. Hand in hand with the water comes fishing. Martin County is home to a long list of fishing tournaments, boating activities and other related hobbies. Mariner Cay real estate provides an access point into this intriguing world of water through the Mariner Cay marina. Situated in the Manatee Pocket in Stuart Florida the marina is a short distance from St. Lucie Inlet and the crossroads of the Southeast Florida waterways. The marina allows you to take advantage of the 60-mile span between its location and the Grand Bahamas Island if you are one with an adventurous spirit. The marina exemplifies the attention to detail seen throughout the Mariner Cay real estate properties.

For instance, the marina offers:

  • 90% of Mariner Cay slips are available to the public
  • 51 slips that  accommodate boats up to 80 feet and 6 ft. draft
  • Annual, monthly and daily (transient) slips are available
  • Approximately 100′ of face dock is dedicated to transient boaters
  • Refueling dock with non-ethanol gas and diesel
  • Electricity (30 & 50 amp) and water (good quality) at each slip
  • Sanitary Pump-out
  • Restrooms, showers and washer/dryer facilities
  • Soft drinks and ice
  • Swimming pool adjacent to the marina
  • Gated 7/24 security with roving night-time guards
  • ATM, banks, and grocery shopping close by
  • At least five restaurants within an easy dinghy ride
  • Boat works, one do-it-yourself, available on Manatee pocket
  • Free High-Speed Internet and 24/7 Wi-Fi.

With a marina like this it is no wonder Mariner Cay real estate has exclusive waterfront estates as well as waterfront townhouses and condos. A beautiful yacht club with dockage comes with the property’s benefits. Mariner Cay real estate offers amenities like

  • community pool
  • tennis courts
  • fitness center
  • cabana
  • and so much more

With this great Stuart location, Mariner Cay real estate is close to it all. When you start asking yourself about the differences in waterfront communities give us a call. We will show you the differences and special features that come along with the amazing Mariner Cay real estate offers.

Search Mariner Cay Real Estate

Mariner Cay Real Estate in Stuart Florida

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Residential Market Report for January 2011 in Martin County, Florida

02.25.11 by

Residential Market Report for January 2011 in Martin County, Florida

Unlike the very strong December sales of single-family homes and townhomes in December 2010, January 2011 came in with a whimper.  Sales were down to 85 units as opposed to 148 in December.  Even prices sent mixed signals as the median price was down and the average price was up.  About the only good news was a continued small decrease in inventory.  Now down to 1787 units. Just above the low point in May of 2010 and Matching the Dec 2005 level.  The brutal winter up north might just bring more buyers for the remainder of this season.  Come back in the next few months to see the results.

Residential Market Report for December 2010 in Martin County, Florida

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

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

Condominium Market Report for January 2011 in Martin County, Florida

02.25.11 by

Condominium Market Report for January 2011 in Martin County, Florida

Condo sales for January were off slightly from December but remained fairly strong by seasonal measurements.  All indications are for a fairly active spring as prices remain low, interest rates are still very attractive and sure seem to be heading higher fairly soon.  Additionally, a very miserable winter up north has renewed interest in the Sunshine State.  A higher price point of condo sales in January saw a marked jump in median prices.  It would be nice to see if this trend were to continue, but we remain a bit dubious about this.  Inventory levels are down to 774 units.  This is the lowest since December of 2005.  As the supply shrinks, demand should increase.

Condominium Market Report for January 2011 in Martin County, Florida

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

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

Harbour Ridge in Palm City Real Estate

02.11.11 by

Harbour Ridge in Palm City Real Estate

Harbour Ridge is a yacht and country club located right next to the St. Lucie River.  Technically located in Saint Lucie County, Harbour Ridge residents have a Palm City zip code and children attend the ‘A’ rated Martin County School district as its location is much closer to Martin County.

This magnificent golf and yachting community offers a wide and varied range of recreational activities for residents only such as; two championship golf courses, tennis programs, a gym center, a yacht club with a private marina, and a gorgeous dog park! Harbour Ridge includes many varied types of residences from, a low-density community that allows each home to have plenty of green space and a minimum of 1.25 acres to wonderful condos overlooking the wide Saint Lucie River.  There is a newly built magnificent clubhouse that is sought after for rentals throughout the community.

Search for all Harbour Ridge Homes in Palm City

Search for all Harbour Ridge Condos in Palm City

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Palm City Florida Real Estate is presented by:
the Gabe Sanders real estate team

What are the real estate taxes on this home?

02.04.11 by

Q:  What are the real estate taxes on this home?

A:  We are asked this question daily.  In Florida, this is absolutely the wrong question to ask if you’re trying to estimate the taxes on a home you’re considering for purchase.  (Please keep in mind that the following pertains to Florida real estate taxes and are not necessarily true for other states)

Current taxes on any home in Florida can me misleading and not an indication of what a new owner can expect to pay.  By law, Florida residential property is taxed at the just market value of the property as determined by the local property appraiser.  Real estate taxes vary from county to county as the rates are set by the local governing authorities.   These appraisals are redone for every property in each county every year by the local property appraiser as required by Florida law.  When a property sells (assuming an arms-length transaction) the county appraiser will appraise at a value at or near the selling price, as this will be assumed to be the current market value.  Adjustments may be made if the owner decides to homestead the property (making it their primary residence) thus receiving a $50,000 deduction from their just market value (some restrictions apply).  Additionally, if the homeowner has some disabilities there may be additional deductions available to claim.  A good site for viewing homestead exemption rules can be found at the Martin County Property appraiser’s page here.

If the home has been owned for a long time and homesteaded, the taxable value is most likely much less than the just market value of the home, as increases in the home’s value are capped at a maximum of 3% or change in the CPI as outlined by the Save Our Homes act of 1992  ( View the amendment here ).  A new homeowner could expect to pay considerably more in taxes on such a home.

Alternatively, if you are interested in a relatively new home that was purchased during the height of the real estate boom, the current valuation on such a property may be much more than the actual value and you may expect to pay a lot less in real estate taxes depending on the purchase price of such a home.

If you are considering purchasing a home or condo in Florida, search for the property appraiser of the county in which the property is located.  Chances are the property appraiser will have a website and a tax estimator.  For instance, here’s the tax estimator for Martin County and one for Saint Lucie County.  Alternatively, when you ask your trusted Realtor, the question should be: “What do you estimate my real estate taxes will be on this property?”

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Residential Market Report for December 2010 in Martin County, Florida

01.21.11 by

Residential Market Report for December 2010 in Martin County, Florida

Much like the condominium market, the residential sales in December for Martin County were above expectations for the holiday season.  Unlike the condominium market, sales of existing homes were also in the higher price ranges showing an improving market trend which is unusual for the holiday season.  With historically low-interest rates (which is not supposed to last) and some excellent prices, it appears that buyers are once again starting to become a bit more active on the Treasure Coast of Florida in Martin County.

Data compiled from the Realtor Association of Martin County

Residential Market Report for December 2010 in Martin County, Florida

the Gabe Sanders real estate team

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

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Condominium Market Report for December 2010 in Martin County, Florida

01.20.11 by

Condominium Market Report for December 2010 in Martin County, Florida

For the first time in many years, condo sales have remained quite strong through the holiday season. All very positive news as for sales volume.  Unfortunately, median prices took a large hit this past month.  This is due mostly because the condos that sold are the more modestly priced ones available on the market as seasonal visitors appear to be interested in finding the excellent bargains available in this market.

Condominium Market Report for December 2010 in Martin County, Florida

the Gabe Sanders real estate team

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

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Condominium Market Report for November 2010 in Martin County, Florida

12.23.10 by

Condominium Market Report for November 2010 in Martin County, Florida

There was quite an unexpected increase in sales volume for November in the Martin County condo market.  Sales, as well as median and average prices, were up. This is a definite positive trend.  Hopefully, this trend will continue into 2011.  Inventory was up slightly, there is quite a bit of inventory that might become available if the positive results continue.

Condominium Market Report for November 2010 in Martin County, Florida

the Gabe Sanders real estate team

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

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Residential Market Report for November 2010 in Martin County, Florida

12.22.10 by

Residential Market Report for November 2010 in Martin County, Florida.

The residential sales report for November showed an increase in the weakness of the real estate market.  Much of this is seasonal, as can be compared to past years’ fluctuations.  Average sales prices have continued their slide, but much of this is due to lower-priced inventory (smaller and older homes) sales and distressed property sales.

Interest rates have started to increase and this may result in at least a short-term increase in home sales, but more negative pressure on prices.

Data compiled from the Realtor Association of Martin County

Residential Market Report for November 2010 in Martin County, Florida

the Gabe Sanders real estate team

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

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Residential Market Report for October 2010 in Martin County, Florida

11.22.10 by

Residential Market Report for October 2010 in Martin County, Florida

The Martin County Residential Market Reports sales data of single-family homes and townhomes as reported by the Realtor Association of Martin County.

Sales of residential units in Martin County remained basically unchanged from last month in volume while down from October of 2009 from 133 units to 114 units for this October.  The homeowners’ tax credit was in force and this certainly had an effect on the higher sales volume of last year..

Average sales prices took another dip this month while listing prices have risen slightly.  Inventory has basically remained unchanged from last year and with sales down the absorption rate is once again high ( almost 16 months) and at very unattractive levels. Barring any unforeseen external economic events, we are expecting a modest increase in sales volume after the holidays as the current buying environment is very positive with some of the best values available.  If there’s any hint of inflation and the corresponding increase in mortgage interest rates we expect a fairly strong increase in activity, unfortunately for sellers with no corresponding increase in prices.

Data compiled from the Realtor Association of Martin County

Residential Market Report for October 2010 in Martin County, Florida

the Gabe Sanders real estate team

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

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Condominium Market Report for October 2010 in Martin County, Florida

11.21.10 by

Condominium Market Report for October 2010 in Martin County, Florida

The October Condo market declined to 30 unit sales, down significantly from 57 units in October 2009 and 48 in September 2010.  Some of this decline can be attributed to normal seasonal fluctuations as demand for second homes (condos) declines as we approach the holiday season.
On a positive note, the median price has increased reflected in sales of some higher-priced units.  It would be a mistaken assumption to think that individual unit values have started to increase.


Data compiled from the Realtor Association of Martin County

Condominium Market Report for October 2010 in Martin County, Florida

the Gabe Sanders real estate team

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

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!