Indian River Drive Wide Waterfront Estate Just Listed

07.05.14 by

Indian River Drive Wide Waterfront Estate Just Listed

Prestigious waterfront home on Indian River Drive with wide river views.  Enjoy this 6 Bedroom, 6 Bathroom pool home on almost 2 acres.  Expansive views from the second floor master bedroom suite balcony.  Huge walk in closet could be another bedroom. There are three additional bedrooms in the main home and 2 detached (covered breezeway) 1 bedroom apartments with individual bathrooms. Large den with built in shelves/bookcases. A formal dining room, entertainment/theater room, 2 Fireplaces, Kitchen with granite counters, stainless steel appliances, breakfast bar, built in desk and a large walk in pantry. There’s 140′ of waterfront with sweeping views of the Indian River and Hutchinson Island. Close to the beaches, shopping, entertainment and restaurants.

This estate was totally renovated from 2008 to 2010.  Currently offered at $1,300,000.  Very easy to see, please call for appointment.

Twelve miles of paradise on a two lane country road along the Treasure Coast between the Island Life Of Jensen Beach and the Historic Town of Ft. Pierce.  Most of the homes on Indian River Drive will have the wide views of the Intracoastal (Indian River)  on the east side and the unspoiled beauty of the Savannahs Preserve State Park on the west side.

The blue waters of the Atlantic Ocean are just minutes away.  The famous Hutchinson Island is viewed by all residents along this designated Florida Scenic Route.

The early settlers of the Treasure Coast recognized the Tropical Beauty of this bit of paradise.  Long used as transportation route for the pineapple plantation owners to ship their product to various ports-o-call. The Intracoastal has easy access to the Atlantic Ocean and is a safe haven for boaters.  World class marine life is right at your doorstep and the fishing is some of the best in the world.

The high elevation along the drive adds drama and beauty to most homes along this scenic stretch of two lane road.

     Search for all Indian River Drive Homes for Sale

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Indian River Drive Wide Waterfront Estate Just Listed

July 2014 Market Report for Osprey Cove in Hobe Sound

07.03.14 by

July 2014 Market Report for Osprey Cove in Hobe Sound

There are currently 6 homes for sale in Osprey Cove in Hobe Sound, FL.  Listing prices range from $569,000 to $689,900 for an average price per square foot of living area of $230.59.

There are no homes currently under contract in Osprey Cove.

In the past 12 months, 3 homes have sold with sales prices ranging from $559,000 to $615,000 at an average of $182.55 per sq. ft. of living area.

July 2014 Market Report for Osprey Cove in Hobe Sound

 

Osprey Cove in Hobe Sound, Florida is a waterfront community off of Gomez Avenue in the vibrant Hobe Sound area of Martin County, Florida.  It is also known as the Osprey Cove Yacht Club and boasts 32 deep water boat slips just off the Intracoastal Waterway.  There are only 86 homes in this gated community that broke ground in late 2000 with homes being completed from 2000 through 2006.   Homes range in size from 3 bedroom, 3 bathroom, 2 car garage homes of 2,230 sq. ft. to 5 bedroom, 4 and 1/2 bathroom, 3 car garage pool homes of over 4,000 sq. ft. of living area.  There’s also a community pool and tennis court available to all residents.

July 2014 Market Report for Osprey Cove in Hobe Sound

For boaters, the docks are approximately 5 miles from the Saint Lucie Inlet of Martin County and just under 10 miles from the Jupiter Inlet in Palm Beach County.  All Osprey Cove residents enjoy easy access to shopping, restaurants and the pristine beaches of Jupiter Island in Martin County.

For families, the Martin County School District is one of the highest rated in Florida and children attend the Hobe Sound elementary school, Murray middle school and South Fork high school.  There are also a number of excellent private schools located nearby, including the Pine School.

July 2014 Market Report for Osprey Cove in Hobe Sound

You can find additional information at the Osprey Cove in Hobe Sound Homeowner’s Association web page.

July 2014 Market Report for Osprey Cove in Hobe Sound

For any questions you may have about Osprey Cove in Hobe Sound, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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July 2014 Market Report for Osprey Cove in Hobe Sound

May 2014 Monthly Market Detail St Lucie County Townhouses and Condos

06.30.14 by

May 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The May 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors rebounded pretty well after a fairly difficult spring season.  Closed sales were up by 24.6% (was down by 5.9% in April) while new sales under contract (new pending sales) decreased by 13.6% (was  down by 4.6% in April).  While a very nice increase in closed sales, the continuing decrease of pending sales is a bit troubling.

The median sales price was up by 1.2% (down 34.1% in April) and the average sales price decreased by 1.3% (was down by 2.3% in April).  Last month was the first decrease in values in over a year.  A nice rebound this month.  It will be interesting to note if this trend continues.

The inventory of available townhouses and condos decreased by 41 units from last month to 815 units which is down by 7.8% from last May.  Current supply of inventory decreased to 7.8 months from the 8.4 month supply in April and is 8.2% lower than last year.  The St. Lucie County townhouse and condo market appears to be strengthening at present.

St Lucie Condo Townhouse May 2014

 Click here to view or download the full report:
May 2014 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.

May 2014 Monthly Market Detail St Lucie County Townhouses and Condos

May 2014 Monthly Market Detail St Lucie County Single Family Homes

06.29.14 by

May 2014 Monthly Market Detail St Lucie County Single Family Homes

May 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors showed strong market activity with continued rising prices, with increased volume from last year.  Closed sales from last year were up by 28.7% (in April they were up by only 0.6%) and new sales under contract (new pending sales) increased by 3.2% (they were down by 4.9% last month).

Both median and average sales prices were up again (year to year) by 8.3% and 9.9% respectively from last May (For last month these figures were 12.2% and 10%). Continued strong price appreciation for St. Lucie single family homes.

The inventory of active listings decreased in May (from last month) by 44 homes to 2,035, which is still greater than last year by 22%.  Current supply of inventory is only 4.6 months (an 18.3% increase from last year).   Still a sellers market for the Saint Lucie County single family home market.  While not as red hot as last year, it is still very positive and could still has room to slow to become a balanced market.

St Lucie Single Family May 2014

Click here to view or download the full report:  May 2014 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.

May 2014 Monthly Market Detail St Lucie County Single Family Homes

May 2014 Monthly Market Detail Martin County Townhouses and Condos

06.28.14 by

May 2014 Monthly Market Detail Martin County Townhouses and Condos

May 2014 Monthly Market Detail Martin County Townhouses and Condos continues with reduced activity from last year, though still an active market, currently with a slight sellers advantage.  Year to year closed sales were up by 0.8% (was down by 12.2% in April) while new sales under contract (new pending sales) decreased by 20.8% from May 2013 (was unchanged in April).  The decrease in pending sales may be an indication of some future weakness in this market.

The median sales price decreased by 1.0% (was up by 11.3% in April) while the average sales price decreased by 19.3% (was up 11.3% in April) as compared to May of 2013.  After nearly a year of pretty impressive price rises, values were off for this month.

 The inventory of available townhouses and condos has decreased by 14 to 565 units from last month which is also 7.7% less inventory than was available in May of 2013.  With values having gone up as much as they have, I would have expected higher inventory levels.  The current supply of inventory is 5.7 months (an 8.5% decrease from last year).  While a very strong month, I’m a bit concerned over the decrease in both inventory and pending sales.

Martin Condo Townhouse May 2014

 Click here to view or download the full report:  May 2014 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.

May 2014 Monthly Market Detail Martin County Townhouses and Condos

May 2014 Monthly Market Detail Martin County Single Family Homes

06.27.14 by

May 2014 Monthly Market Detail Martin County Single Family Homes

The May 2014 Monthly Market Detail Martin County Single Family Homes showed excellent activity.  Martin County single family home sales exceeded the average in the state and is showing excellent strength.  Year to year closed sales were up by 18.6% (was up only 0.5% in April). New pending sales decreased by 0.4% as compared to May of 2013 (decreased by 9.1% in April).  I would have liked to see some stronger new pending sale numbers.

The median sales price was up by 8.0% from last year (up by 12.6% in April) while the average price increased by 4.3% (was down by 19.3% last month).  Ideally price increases in the single digits, like this month, are a good healthy sign for the market.

The inventory of available single family homes increased from April 2014 by 22 homes to 1,420 units this month, representing a 21.8% increase from last May.  Current supply of inventory remains unchanged from last month at 7.5 months (a 9.6% increase from last year).  Hovering just outside of a balanced market for now with a slight advantage for buyers.

Martin Single Family May 2014

Click here to view or download the full report:  May 2014 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.

May 2014 Monthly Market Detail Martin County Single Family Homes

May 2014 Monthly Market Detail Florida Townhouses and Condos

06.26.14 by

May 2014 Monthly Market Detail Florida Townhouses and Condos

For the May 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida, activity has decreased from last years hot pace.  Year to year closed sales were down by 7% as compared to last months decrease of 5.1% and new sales under contract (new pending sales) decreased by 13.4% (April’s decrease was 11%).

Both median and average sales prices were up (year to year) by 13.7% and 12.7% respectively (in April it was 9.8% and 10.6%). Continued strong price gains.  This is a bit surprising since the market does appear to be cooling somewhat, though for may it continues to be active and a balanced market.

Inventory rose for the eighth month in a row, by 11.3% (was up by 9.3 in April).  The rising inventory should eventually produce some pressure to moderate the rising prices.  Hopefully, this will help continue the strong momentum for sales activity.  The current 6 month supply of inventory is a good sign that we are in a balanced market.

Florida Condo Townhouse May 2014

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:  May 2014 Monthly Market Detail Florida Townhouses and Condos

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

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

May 2014 Monthly Market Detail Florida Townhouses and Condos

May 2014 Monthly Market Detail Florida Single Family Homes

06.25.14 by

May 2014 Monthly Market Detail Florida Single Family Homes

The May 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors showed improved results from last year, though at a much reduced pace from 2013.  Year to year closed sales were up, but only by 3.6% (was up by 4.1% in April) and new sales under contract (new pending sales) decreased by 0.6% (was down by 1.1% in April).

Both median and average sales prices continue to rise ( May 2013 to May 2014) by 4.3% and 8.9% respectively, compared to April’s 6.1% and 3.8%.   While still positive numbers, the rate of appreciation appears to be slowing.

The inventory of available homes for sale jumped by 20.4% from last year.  This is now the eighth month of increased inventory.  This increase is a direct result of rising prices as many home sellers have been waiting on the side lines for improved values.  I suspect that the reduced rate of increasing values and home sales are a direct result of the increasing inventory.  Currently, there are just not enough buyers to absorb this increase fully.  Though with only a 5.7 months supply of inventory, this is still a healthy and balanced market. (2013 had a 5 month supply)

Florida Single Family May 2014

Click here to view or download the full report:
May 2014 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.

May 2014 Monthly Market Detail Florida Single Family Homes

Stuart FL 34997 Residential Market Report May 2014

06.14.14 by

Stuart FL 34997 Residential Market Report May 2014

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for May 2014

 

There are currently 413 active listings (Increased by 9 homes from April).

Stuart FL 34997 Residential Market Report May 2014

164 Residential sales are pending and awaiting close or lender approval (A decrease of 26 homes from April).

Stuart FL 34997 Residential Market Report May 2014

107 Homes Sold in May (Increased by 46 homes from April)

Stuart FL 34997 Residential Market Report May 2014

The Stuart Florida Residential Market for ZIP Code 34997 had a very strong May with a large increase in closed sales and another bump in active inventory.  The one potential disturbing number is a large drop in pending sales.  A potential for less sales in the near future.
 
The current one month absorption rate dipped to 3.9 months (was 6.6 months for April).  A strong sellers market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
 
The 2013 numbers for May, were: 298 active listings, 190 pending listings and 84 closed sales.  This segment of the Stuart residential market has a dramatic increase in inventory when compared to last year.  Hence, activity is also considerably higher.
Stuart FL 34997 Residential Market Report May 2014
 
 
 

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Stuart FL 34997 Residential Market Report May 2014

Stuart FL 34996 Residential Market Report May 2014

06.12.14 by

Stuart FL 34996 Residential Market Report May 2014

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for May 2014

 

For May 2014 in the Stuart Florida Market Report ZIP Code 34996 Florida :

 

There are currently 187 active listings (Increased by 1 home from April).

Stuart FL 34996 Residential Market Report May 2014

 48 Residential sales are pending and awaiting close or lender approval (Decreased by 4 homes from April).

Stuart FL 34996 Residential Market Report May 2014

20 Homes Sold in May (Increased by 9 homes from April).

Stuart FL 34996 Residential Market Report May 2014

A good month for the 34996 zip code area of the Stuart Florida residential real estate market.  Inventory rose slightly and closed sales took a nice jump.  The only negative was a drop in pending sales, indicating a potential reduction in future closed sales.

The one month absorption rate for the 34996 zip code area of Stuart Florida for May decreased to 9.4 months as compared to April’s 16.9 months.  Still a buyers market, but much better than the April number.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for May of 2012 were: 161 active listings, 55 pending sales and 19 closed sales.   This segment of the Stuart market continues to lag behind the results from 2013.

Stuart FL 34996 Residential Market Report May 2014

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Stuart FL 34996 Residential Market Report May 2014

Stuart FL 34994 Condo Market Report May 2014

06.11.14 by

Stuart FL 34994 Condo Market Report May 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for May 2014

For May, 2013 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 111 active condo listings (Unchanged from April).

Stuart FL 34994 Condo Market Report May 2014

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

Stuart FL 34994 Condo Market Report May 2014

27 Condos Sold in May (Up by 4 condos from April).

Stuart FL 34994 Condo Market Report May 2014

Better closed number for the Stuart FL 34994 Condo market.  Unfortunately, pending sales were off which typically signifies less closed sales in the near future.  Inventory of available condos remained unchanged.

The one month absorption rate dropped to 4.1 months compared to last month’s 5.  A strong sellers market.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last May the numbers were 113 active listings, 42 pending sales, and 30 closed sales.   Pretty similar activity to last year and continuing good solid activity.

Stuart FL 34994 Condo Market Report May 2014

Search here for Stuart Florida Real Estate for Sale ( Condos)

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Stuart Florida Market Report ZIP Code 34994 – Condo, May 2014

Stuart FL 34994 Condo Market Report June 2014

06.11.14 by

Stuart FL 34994 Condo Market Report June 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for June 2014

For June, 2013 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 111 active condo listings (Unchanged from May).

Stuart FL 34994 Condo Market Report June 2014

46 Condo sales are pending and awaiting close or lender approval. (Down by 4 condos from last month) 

Stuart FL 34994 Condo Market Report June 2014

23 Condos Sold in June (Down by 4 condos from May).

Stuart FL 34994 Condo Market Report June 2014

A little slower market activity for the Stuart FL 34994 Condo market.  Both closed and pending sales were off from May, but don’t let this fool you as this is one of the hottest areas of Martin County and Stuart.

The one month absorption rate dropped to 4.8 months compared to last month’s 4.1.  Still a sellers market.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last June the numbers were 112 active listings, 52 pending sales, and 17 closed sales.   No major changes from last years activity.

Stuart FL 34994 Condo Market Report June 2014

Search here for Stuart Florida Real Estate for Sale ( Condos)

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Stuart Florida Market Report ZIP Code 34994 – Condo, June 2014

June 2014 Market Report Locks Landing in Stuart Florida

06.07.14 by

June 2014 Market Report Locks Landing in Stuart Florida

As of June 2014, there are 5 homes on the market in Locks Landing in Stuart Florida.  Listing prices range from $320,000 to $529,000 for an average price per square foot of $153.69.

There are no homes currently under contract.

In the past 12 months, 21 homes have sold in Locks Landing with sales prices ranging from $260,000 to $452,500 for an average of $146 per sq. ft.

Locks Landing in Stuart FL

Locks Landing in Stuart Florida is a planned unit community of 243 homes on the south eastern shore of the Saint Lucie Waterway, just upstream of the Locks on the Okeechobee Water Way at Phipps Park in Stuart, Florida.

June 2014 Market Report Locks Landing in Stuart Florida

Locks Landing homes range in sizes from just under 2,000 square feet of living area to some spacious 3,000 square feet plus homes on spacious preserve lots.   Many homes enjoy lake views and a few homes offer views of the Saint Lucie Waterway.  This wonderful family neighborhood boasts a number of docks with available water and electrics..  Easy access through the lock to the main Saint Lucie river and out to the crystal clear waters of the Atlantic Ocean or sail west into Lake Okeechobee for a fabulous day of fresh water fishing.  For those without their own boat dock, there’s a convenient boat ramp to allow all to enjoy the fabulous boating available to all residents of Martin County.

June 2014 Market Report Locks Landing in Stuart FloridaLocks landing is only moments to I-95 for those needing to commute either north or south on the Interstate.  The equestrian farms of Martin County are only a short drive to the west; while to the east is shopping, restaurants, beaches and all the amenities that Martin County has to offer.  This family friendly community also boasts an ‘A’ rated school system with local children attending Crystal Lake Elementary School, David L Anderson Middle School and South Fork High School

June 2014 Market Report Locks Landing in Stuart Florida

To view the current homes available for sale in Locks Landing please select the following link:
Locks Landing Homes for Sale

 

For any questions you may have about Locks landing, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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June 2014 Market Report Locks Landing in Stuart Florida


June 2014 Market Report The Retreat in Hobe Sound

06.06.14 by

June 2014 Market Report The Retreat in Hobe Sound

For the June 2014 Market Report The Retreat in Hobe Sound there are currently 4 homes on the market, ranging in price from $259,000 to $335,900 for an average of $159 per square foot of living area.

There is 1 home under contract and awaiting sale.  Listing price is $239,900 at $143 per sq. ft. of living area.

In the past 12 months, 20 homes have sold in the Retreat.  Sales prices ranged from a low of $208,000 to a high of $410,000 at an average of $150 per sq. ft. of living area.

June 2014 Market Report The Retreat in Hobe Sound

This is a beautiful DiVosta master planned community at the end of Seabranch Ave just west of US-1 in Hobe Sound.  The Retreat contains 555 well built CBS homes ranging from 2 BR to 4 BR homes that continue to impress their owners with their functionality and quality DiVosta construction.

 June 2014 Market Report The Retreat in Hobe Sound

Located near Schools, Golf Courses, Shopping, Medical facilities, Beaches, and all the amenities either a family or a second home owner looks forward to in Florida living.  Amenities at the Retreat include a heated community pool, clubhouse, fitness room and tennis courts.  Golf course access in right next door at Lost Lake.

 June 2014 Market Report The Retreat in Hobe Sound

The Retreat was a finalist in the Communities of Excellence contest in the communications division. Association volunteers under the direction of the Communications Committee utilize a bimonthly newsletter, website, bulletin boards, community television channel, town hall meetings, resident directory, email blasts, and open board meetings with published minutes to get information to and from the residents. The newsletter is particularly popular. The website provides information of a business nature, with a resident showcase for display of artwork.

 June 2014 Market Report The Retreat in Hobe Sound

Currently some select Retreat Homes are available at very attractive prices.

To view these available Retreat Homes for sale, click here.

June 2014 Market Report The Retreat in Hobe Sound

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June 2014 Market Report The Retreat in Hobe Sound


April 2014 Monthly Market Detail St Lucie County Townhouses and Condos

05.31.14 by

April 2014 Monthly Market Detail St Lucie County Townhouses and Condos

The April 2014 Monthly Market Detail St Lucie County Townhouses and Condos as reported by Florida Realtors is a segment of the market that is not doing well this year. Most measured values are showing declines year to year.  Closed sales were down by 5.9% (was down by 21.3% in March) while new sales under contract (new pending sales) decreased by 4.6% (was  down by 9.9% in March).  The decrease in pending sales is much less than last month which is at least a small positive.

The median sales price was down by 34.1% (up 21.1% in March) and the average sales price decreased by 2.3% (was up by 7.4% in March).  This is the first month we’ve seen a decrease in values.  Lack of supply and demand are both factors for this as was the torrid price rises from last year.

The inventory of available townhouses and condos decreased by 48 units from last month to 856 units which is down by 5.3% from last April.  Current supply of inventory decrease to 8.4 months from the 9.6 month supply in March and is 4.5% lower from last year.   This is a buyers market at present.

April 2014 Monthly Market Detail St Lucie County Townhouses and Condos

 Click here to view or download the full report:
April 2014 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.

April 2014 Monthly Market Detail St Lucie County Townhouses and Condos

April 2014 Monthly Market Detail St Lucie County Single Family Homes

05.30.14 by

April 2014 Monthly Market Detail St Lucie County Single Family Homes

April 2014 Monthly Market Detail St Lucie County Single Family Homes as reported by Florida Realtors showed strong market activity with continued rising prices, though volume has moderated.  Closed sales from last year were up by only 0.6% (in March they were up by 9.9%) and new sales under contract (new pending sales) decreased by 4.9% (they were down by 8.8% last month).

Both median and average sales prices were up again (year to year) by 12.2% and 10% respectively from last April (For last month these figures were 15.7% and 12.1%).

The inventory of active listings decreased in April (from last month) by 90 homes to 2,179, which represents an increase of 29.7% from last year.  Current supply of inventory is only 5.0 months (a 28.1% increase from last year).   Still a sellers market for the Saint Lucie County single family home market.  While not as red hot as last year, it is still very positive and could still slow down some to become a balanced market.

April 2014 Monthly Market Detail St Lucie County Single Family Homes

Click here to view or download the full report:  April 2014 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.

April 2014 Monthly Market Detail St Lucie County Single Family Homes

April 2014 Monthly Market Detail Martin County Townhouses and Condos

05.29.14 by

April 2014 Monthly Market Detail Martin County Townhouses and Condos

April 2014 Monthly Market Detail Martin County Townhouses and Condos continues with reduced activity from last year, though still in a healthy range with a balanced blend of supply and demand.  Year to year closed sales were down by 12.2% (was down by 29.9% in March) while new sales under contract (new pending sales) was unchanged from April 2013 (was down 9% in March).

The median sales price increased by 11.3% (was up by 7.4% in March) while the average sales price increased by 11.3% (was down 11% in March) as compared to April of 2013.  Interestingly, prices continue to rise with momentum in the condo and townhouse segment of the market.

 The inventory of available townhouses and condos has decreased by 17 to 579 units from last month which is also 10.2% less inventory than was available in April of 2013.  With values going up as much as they have, I would have expected higher inventory levels.  The current supply of inventory is 5.8 months (a 13.1% decrease from last year).   Though down in volume from last year, this is still a balanced market that favors neither the buyer nor the seller.

April 2014 Monthly Market Detail Martin County Townhouses and Condos

 Click here to view or download the full report:  April 2014 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.

April 2014 Monthly Market Detail Martin County Townhouses and Condos

April 2014 Monthly Market Detail Martin County Single Family Homes

05.28.14 by

April 2014 Monthly Market Detail Martin County Single Family Homes

The April 2014 Monthly Market Detail Martin County Single Family Homes improved from a slow March though activity only slightly improved from last year.  Year to year closed sales were up by only 0.5% (was down 14.7% in March). New pending sales decreased by 9.1% as compared to April of 2013 (increased by 17.5% in March).  The decrease in pending sales is a bit troubling as it’s the main indicator of potential future closed sales.

The median sales price was up by 12.6% from last year (up by 4% in March) while the average price dropped by 19.3% (was down by 25.1% last month).  This is a dramatic indication of the continued strong activity for the lower price ranges and a slower sales volume in the higher end luxury market.

The inventory of available single family homes decreased from March 2014 by 29 homes to 1,398 units this month, representing a 15% increase from last April.  Current supply of inventory remains unchanged from last month at 7.5 months (a 4.8% increase from last year).  Hovering just outside of a balanced market for now with a slight advantage for buyers.

April 2014 Monthly Market Detail Martin County Single Family Homes

Click here to view or download the full report:  April 2014 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.

April 2014 Monthly Market Detail Martin County Single Family Homes

April 2014 Monthly Market Detail Florida Townhouses and Condos

05.27.14 by

April 2014 Monthly Market Detail Florida Townhouses and Condos

For the April 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida the rate of activity has slowed some, but is now a much healthier market than last years super heated activity.  Year to year closed sales were down by 5.1% as compared to last months decrease of 5.2% and new sales under contract (new pending sales) decreased by 11% (March’s decrease was 6.2%).

Both median and average sales prices were up (year to year) by 9.8% and 10.6% respectively (in March it was 16.7% and 16.1%). These strong price appreciations is what I suspect is the cause of the decrease in market activity for condos and townhouses in Florida for April, though it is a strong balanced market at this time.

Inventory rose for the seventh month in a row, by 9.3%.  The rising inventory is producing some pressure to moderate the price increases.  This should help continue a strong momentum for sales activity.  The 6 month supply of inventory is a good sign that we are in a balanced market.

April 2014 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:  April 2014 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.

April 2014 Monthly Market Detail Florida Townhouses and Condos

April 2014 Monthly Market Detail Florida Single Family Homes

05.26.14 by

April 2014 Monthly Market Detail Florida Single Family Homes

The April 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors showed improved results from last year, though at a much reduced pace from 2013.  Year to year closed sales were up, but only by 4.1% (was up by 2.8% in March) and new sales under contract (new pending sales) decreased by 1.1% (was up by 2.1% in March).

Both median and average sales prices continue to rise ( April 2013 to April 2014) by 6.1% and 3.8% respectively, compared to March’s 7.1% and 6.3%.   While still very positive numbers, the rate of appreciation appears to be slowing.

The inventory of available homes for sale jumped by 18% from last year.  This is now the seventh month of increased inventory.  This increase is a direct result of rising prices as many home sellers have been waiting on the side lines for improved values.  I suspect that the reduced rate of increasing values and home sales are a direct result of the increasing inventory.  Currently, there are just not enough buyers to absorb this increase fully.  Though with only a 5.7 months supply of inventory, this is still a healthy and balanced market.

April 2014 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:
April 2014 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.

April 2014 Monthly Market Detail Florida Single Family Homes