Search Results for: st lucie county market report

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!

Condominium Market Report for September 2010 in Martin County, Florida

10.27.10 by

Condominium Market Report for September 2010 in Martin County, Florida

The September Condo market showed some fairly good numbers in terms of volume of sales.  Up from the last year as well as the previous month.  Inventory has declined some more and the trend appears to be fairly positive.  Unfortunately, the median sales price is continuing a downward trend.  Much of this downward trend reflects that sales of lower-priced non-waterfront condos are currently the predominant market share.  The volume of riverfront and oceanfront condos has picked up slightly but remains very sluggish.
For the higher-priced segment of the market, foreclosures and short sales, while not the greatest number of listings, continue to drag prices down overall!

Data compiled from the Realtor Association of Martin County

Condominium Market Report for September 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 about Florida’s Treasure Coast Real Estate, visit our website or call us at (772) 888-2885.
Our market reports are here!

Residential Market Report for September 2010 in Martin County, Florida

10.26.10 by

Residential Market Report for September 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 were sluggish for September with a small decrease in volume from August and a little larger decrease from last year.  Inventory which has risen for the past three months showed a small decline.

On a positive note, the average sales price has risen.  In a careful analysis of sales this rise is from the increased number of sales of higher end homes rather than increases in values of existing homes.  For the middle to lower end of our market, prices have stabilized for those homes that have been updated and presented well.

Data compiled from the Realtor Association of Martin County

Residential Market Report for September 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 about Florida’s Treasure Coast Real Estate, visit our website or call us at (772) 888-2885.
Our market reports are here!

Low interest on 15-year mortgages brings many refinancing deals!

10.08.10 by

Mortgage interest rates are the lowest in half a century, and the 15-year rate is the lowest of all.

Some mortgages are being offered at 3.75 percent for the 15-year. A year ago, the average rate was 4.68 percent.

In the past, many people would have opted for a 15-year instrument instead of one for 30 years, but couldn’t afford the higher monthly payments. The gap in monthly payments has now decreased.

A 30-year mortgage holder on a $200,000 loan at 7 percent would pay about $1,330 in principal and interest for 30 years. If the $200,000 mortgage was taken at 3.75 percent interest, the monthly payment would be just $124 more, or $1,454 for only 15 years.

Twenty-year loans have also become a good choice. At today’s rates, a borrower with a 30-year loan at 6.5 percent, and a $200,000 principal balance, could save some $70,000 in interest over the life of a shorter 20-year mortgage.

According to HSH Associates, a publisher of mortgage and consumer loan information, the shorter terms are especially attractive to people who want to build equity more quickly and those who want to pay off mortgages in a shorter period of time. About one-third of refinancers are moving to 15-year or 20-year loans.

One lender, quoted in USA Today, says more homeowners who are in their middle years are applying for 15-year mortgages. Their income is higher now than it will be at retirement, and they can afford to pay off the loan before they retire.

About a quarter of residential properties are now worth less than the amount owed on a mortgage. If they can afford it, some people are paying cash upfront to move from a more-expensive mortgage to a cheaper, shorter-term loan.

If you are considering refinancing on Florida’s Treasure Coast but don’t know where to begin.  Give us a call and we’ll point you in the right direction.

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 about Florida’s Treasure Coast Real Estate, visit us at our website or call us at (772) 888-2885.
Our market reports are here!

Beau Rivage in Stuart, Florida

09.29.10 by

Beau Rivage in Stuart, Florida

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!

Update for June of 2013:  Beau Rivage is officially a part of Martin County as the residents have voted for annexation and the transfer from Saint Lucie County was completed in June of 2013.

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

Beau Rivage Estates in Stuart, Florida

Conquistador Condos for Sale in Stuart Florida, SOLD

09.20.10 by

Conquistador Condos for Sale in Stuart Florida, SOLD

Nicely upgraded, updated 2/2 second-floor condo. Light & bright. Newer appliances. tile. Pet OK. Renting OK. Priced to sell at $75,000.
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 Homes and Condos for Sale

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


Conquistador Condos for Sale in Stuart Florida, SOLD

Martin County Residential Market Update

08.15.09 by

Below are the latest charts for Martin County Residential (Single Family) real estate statistics as reported by the Realtor Association of Martin County.

The Definition of Absorption Rate:
Number of weeks it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate, helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. The absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.

Our inventory continues to decline and prices have leveled off and in certain isolated neighborhoods have begun to rise. We may very well be past the bottom. Careful monitoring of future trend data will give us the answers.

the Gabe Sanders real estate team

Stuart Florida Real Estate

Residential Homes, Condos and Land

Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Martin County Condominum Market Update

08.15.09 by

Below are the latest charts for Martin County Condominium real estate statistics as reported by the Realtor Association of Martin County.

The Definition of Absorption Rate:
Number of weeks it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. The absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.

The condo situation is a bit more complex in Martin County as we have a wide array of products available. Median prices show a slight uptick this past month, due mainly to the sale of some upper-end Ocean Front units. Overall, the inventory remains quite high and the seasonal slowdown in sales has begun. While the trend is definitely positive, we feel that this market continues to be in some difficulty.

the Gabe Sanders real estate team

Stuart Florida Real Estate

Residential Homes, Condos and Land

Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

January 2007 Market Update

03.04.07 by

Martin County escaped the slowdown in home sales experienced across the rest of the Treasure Coast during January, but not the continued slide in prices.

Realtors sold 93 homes, the same number as in January 2006, according to figures provided Tuesday by the Martin County Realtors Association. The median home price dropped to $296,000 from $310,000 between the two months, the association said.

Martin County’s report was a positive indictor for the market, said Jennifer Atkisson-Lovett, president of the Realtors Association of Martin County. “We are seeing our residential market begin to show signs of recovery as our number of pending sales are much better than 2006,” Atkisson-Lovett said. “We feel confident about the 2007 market as the pending sales have increased, and buyers are recognizing the outstanding values for investment that are abound in this market.”

Martin’s condominium market was mixed in January. There were 29 Realtor sales in that month versus 50 a year earlier, according to the association. The median price jumped, though, to $305,000 from $219,900 between the two months.

When lumped with the Port St. Lucie-Fort Pierce market, the housing market looked weaker. The Florida Association of Realtors said Tuesday that its members sold 252 existing single-family homes in that metropolitan area during January, down from 343 a year earlier. The median price dropped 8 percent to $241,000 from $261,500. Realtors sold 51 existing condos versus 62 in January 2005. The median price rose 6 percent to $225,000 between the two months.

“Basically, this shows that people listing their homes for sale are not marking them down to the proper market prices,” said Brad Hunter, director of the housing research firm Metrostudy in West Palm Beach. “At least there are still buyers in the market.”

Don Santos, past president of the Treasure Coast Builders Association and president of Santos Construction, said the numbers reflected that it’s still a buyer’s market. “I didn’t expect there would be a turnaround this month,” Santos said. “But I actually think the numbers are a good sign because we’re not seeing 30 percent and 35 percent drop-offs anymore. The bright side is a lot of consumers can really get good deals now.”

The West Palm Beach-Boca Raton area saw 496 sales of existing homes, down 15 percent from the 586 recorded during the same period last year. Prices dropped 1 percent to $388,000 from $393,700 last year.

Statewide, sales of single- family existing homes totaled 9, 382 last month compared to 12,906 homes sold in January 2006 for a 27 percent decrease.

Nationwide, The National Association of Realtors said sales of previously owned homes rose by 3 percent while the median price dropped to $210,600, a decline of 3.1 percent from a year ago.

Florida Townhouses and Condos Sales 2023 Yearly Review

01.21.24 by

Florida Townhouses and Condos Sales 2023 Yearly Review

The Florida Townhouses and Condos Sales for 2023 continues to show weaker sales activity compared to previous years. The real estate market has experienced numerous issues with prices that rose too rapidly, increasing mortgage rates, and worries about an upcoming recession. Year-to-year closed sales were down by 16.0% compared to 2022 which saw a decrease of 21.7% and new sales under contract (new pending sales) decreased by 13.2% (2022 saw a decrease of 26.4%).

Florida Townhouses and Condos Sales 2023 Yearly Review
Florida Townhouses and Condos Sales 2023 Yearly Review

Both median and average sales prices were up (year to year) by 5.2% and 3.9% respectively (2022 numbers were 21.6% and 16.3%).  However, prices are not rising as fast as in previous years.

Inventory increased by 52.6% as compared to 2022’s increase of 65.0%. And, the supply of properties rose to 5.1 months as compared to 2.8 months in 2022.  Still a sellers’ market for Florida townhouses and condos, though approaching a balanced market.

 Click here to view or download the full report: 
Townhouses and Condos Sales in Florida for 2023

View previous Florida Townhouses and Condos Yearly Reviews Here!

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County, and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

Florida Townhouses and Condos Sales 2023 Yearly Review