Martin County Single Family Homes October 2023 Market Report

11.25.23 by

Martin County Single Family Homes October 2023 Market Report

The Martin County Single Family Homes Market Report showed better-closed activity compared to last year. We continue to face economic uncertainties though mortgage rates appear to have peaked and have started to decline. The inventory of available homes for sale declined for the second month in a row. Closed sales were up by 19.4% from last year (they were down by 10.0% in September). At the same time, new pending sales increased by 10.7% compared to last year (which increased by 24.2% last month).

Prices were mixed for October as compared to last year.  The median sales price increased from last year by 0.7% (up by 4.8% in September) while the average sales price decreased by 21.1% (down by 5.3% last month).

The inventory of available single-family homes increased by 75 homes to 536. This is a 2.9% greater inventory than last October.  The current supply of homes is 3.3 months.  For October of last year, it was 2.9 months of supply.  We are still in a seller’s market for Martin County single-family home sales, but trending towards a more balanced market.  A balanced market favoring neither buyers nor sellers is considered a 6 to 7-month supply of inventory.

Please click on the image or link below to download the full Florida single-family real estate market report.

Martin County Single Family Homes October 2023 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes October 2023 Market Report

Ocean Bay Villas Real Estate Market Report November 2023

11.23.23 by

Ocean Bay Villas Real Estate Market Report November 2023

For November 2023, there are 3 Ocean Bay Villas available for sale in this Hutchinson Island FL community.  The list prices range from $775,000 up to $849,000. This is an average list price of $806,333 which is $313.46 per sq. ft. of living area.

There are no Ocean Bay Villas homes currently under contract.

There have been 9 Ocean Bay Villas sales in the past 12 months.  Sales prices ranged from $649,900 up to $795,000. This equals an average sales price of $714,433 which works out to $303.98 per sq. ft. of living area.  These homes sold for an average of 97% of the list price. And, they averaged 47 days on the market before going under contract.

Click here to view the previous Ocean Bay Villas market report!

About the Ocean Bay Villas on Hutchinson Island in Jensen Beach:

Ocean Bay Villas on Hutchinson Island in Jensen Beach Florida
Google Earth image

Ocean Bay Villas on Hutchinson Island is an exclusive private enclave with only 78 owners located on beautiful and unspoiled Hutchinson Island in Saint Lucie County on Florida’s Treasure Coast.  All villas in Ocean Bay feature three-story luxury townhome-style residences with elevators and modern updated interiors.

Ocean Bay Villas real estate on Hutchinson Island in Jensen Beach Florida

There are three different home plans; The Azalea with 3 Bedrooms, 3 & 1/2 Baths, and a Den in 2171 sq. ft. of living area. The Beachberry has 3 Bedrooms, 3 Baths, Den and an Office in a 2,327 sq. ft. of living area.  And, the Cocoplum with 3 Bedrooms, 3 & 1/2 Baths, and a Den in 2,579 sq. ft. of living space.

All models have two-car garages and 9 and 10-foot ceilings. This gated Ocean Side community features an entertainment clubhouse, fitness center, community pool, and spa.  A true resort-style lifestyle that can be yours every day.

Ocean Bay Villas real estate on Hutchinson Island in Jensen Beach Florida

Search for all Available Ocean Bay Villas on Hutchinson Island in Stuart Florida

Search for Ocean Bay Villas real estate on Hutchinson Island in Jensen Beach FL

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

Please click on this link for the latest market reports for Martin County, Saint Lucie County, and the State of Florida.

Ocean Bay Villas Real Estate Market Report November 2023

Florida Single Family Homes October 2023 Market Report

11.22.23 by

Florida Single Family Homes October 2023 Market Report

The Florida Single Family Home real estate market had slightly weaker closed sales activity when compared to last year. We continue to face headwinds with some economic uncertainties, though it appears that mortgage rates may have started to decrease. Closed sales were down by 5.3% (were up by 6.1% in September). New sales under contract (new pending sales) were up by 8.4% (were down by 0.1% in September).

Prices increased slightly for October when compared to last year.  The (year-to-year) median sales price was up by 2.0% (it was up by 1.3% in September). And, the average sales price was up by 5.4% (it was up by 7.5% last month).

The inventory of available homes for sale increased by 3.5% from last year.  This represents a 3.5-month supply of inventory (October 2022 had a 2.7-month supply). Florida remains in a seller’s market with the advantage to sellers. A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory. 

Please click on the image or link below to download the full Florida single-family real estate market report.

Previous Florida real estate market report posts.

Florida Single Family Homes October 2023 Market Report
Download/View the full report
Recent Florida Market Report Posts:

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 Single Family Homes October 2023 Market Report

 

River Forest Real Estate Market Report November 2023

11.05.23 by

River Forest Real Estate Market Report November 2023

As of November 2023, there are 3 homes available for sale in River Forest in Stuart FL. The list prices range from $392,000 up to $445,000. This is an average list price of $422,300 or $274.16 per sq. ft. of living area.

There are 2 River Forrest homes currently under contract and awaiting settlement.  The list prices were $449,000 and $525,000. This works out to an average list price of $487,000 which equals $274.65 per sq. ft. of living area. These homes were on the market for an average of 64 days before going under contract.

In the past 12 months, 17 River Forest homes have sold.  Sales prices ranged from $350,000 up to $495,000 for an average sales price of $423,672 which equals $259.70 per sq. ft. of living area.  These homes averaged 20 days on the market before going under contract. And, the sales prices averaged 98% of the list price.

Click here to view the previous River Forest market report!

About River Forest in Stuart FL:

River Forest in Martin County Florida
Google Earth image

Located in a peaceful corner of western Stuart, River Forest is a beautiful community filled with modern, well-built family homes. The community features a clubhouse, pool, playground, and fitness center! Have a boat? You can enjoy the boat ramp that is located within the community and easy access to the St. Lucie River.

River Forest real estate in Martin County Florida

River Forest is close to ‘A’ rated schools. Only minutes away from i-95 commuters will have no problem getting where they need to go on time. If you want a home that is away from all the hustle and bustle of the city but still want to be close to everything Stuart has to offer, River Forest is a great pick for you!

Low River Forest HOA fees include maintenance and insurance for the common areas, clubhouse, pool, and boat ramp, as well as professional management services.  All ages are welcome in River Forest (unlike the neighboring Saint Lucie Falls community which is a 55 and over community).

River Forest in Martin County Florida

Search for All River Forest Homes for Sale

Search for River Forest homes for sale in Stuart FL

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

Please click on this link for the latest market reports for Martin County, Saint Lucie County, and the State of Florida.

River Forest Real Estate Market Report November 2023

Martin County Single Family Homes September 2023 Market Report

10.21.23 by

Martin County Single Family Homes September 2023 Market Report

The Martin County Single Family Homes Market Report showed weaker closed activity compared to last year. As we continue to encounter headwinds of increasing mortgage rates and other economic uncertainties. The inventory of available homes for sale declined for the second month in a row. Closed sales were down by 10.0% from last year (they were down by 12.3% in August). At the same time, new pending sales increased by 24.2% compared to last year (which decreased by 15.7% last month).

Prices were mixed for September as compared to last year.  The median sales price increased from last year by 4.8% (down by 12.9% in August) while the average sales price decreased by 5.3% (down by 7.8% last month).

The inventory of available single-family homes decreased by 1 home to 461. This is a 5.1% smaller inventory than last September.  The current supply of homes is 2.9 months.  For September of last year, it was 2.7 months of supply.  We are still in a seller’s market for Martin County single-family home sales, but trending towards a more balanced market.  A balanced market favoring neither buyers nor sellers is considered a 6 to 7-month supply of inventory.

Please click on the image or link below to download the full Florida single-family real estate market report.

Martin County Single Family Homes September 2023 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes September 2023 Market Report

Florida Single Family Homes September 2023 Market Report

10.19.23 by

Florida Single Family Homes September 2023 Market Report

The Florida Single Family Home real estate market continues to show some improved sales activity when compared to last year. We continue to face headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were up by 6.1% (were down by 7.9% in August). New sales under contract (new pending sales) were down by 0.1% (were down by 11.7% in August).

Prices increased slightly for September when compared to last year.  The (year-to-year) median sales price was up by 1.3% (it was up by 2.0% in August). And, the average sales price was up by 7.5% (it was up by 3.7% last month).

The inventory of available homes for sale increased by 4.0% from last year.  This represents a 3.2-month supply of inventory (September 2022 had a 2.5-month supply). Florida remains in a seller’s market with the advantage to sellers. A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory. 

Please click on the image or link below to download the full Florida single-family real estate market report.

Previous Florida real estate market report posts.

Florida Single Family Homes September 2023 Market Report
Download/View the full report
Recent Florida Market Report Posts:

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 Single Family Homes September 2023 Market Report

 

Martin County Single Family Homes August 2023 Market Report

09.23.23 by

Martin County Single Family Homes August 2023 Market Report

The Martin County Single Family Homes Market Report showed weaker closed activity compared to last year. As we continue to encounter headwinds of increasing mortgage rates and other economic uncertainties. Even the inventory declined for August. This is the first decline in over a year. Closed sales were down by 12.3% from last year (they were up by 25.0% in July). At the same time, new pending sales decreased by 15.7% compared to last year (which decreased by 6.4% last month).

Prices were down for August as compared to last year.  The median sales price decreased from last year by 12.9% (up by 8.0% in July) while the average sales price decreased by 7.8% (up by 44.0% last month).

The inventory of available single-family homes decreased by 11 homes to 462. This is a 5.7% smaller inventory than last August.  The current supply of homes is 2.9 months.  For August of last year, it was 2.6 months of supply.  We are still in a seller’s market for Martin County single-family home sales, but trending towards a more balanced market.  A balanced market favoring neither buyers nor sellers is considered a 6 to 7-month supply of inventory.

Please click on the image or link below to download the full Florida single-family real estate market report.

Martin County Single Family Homes August 2023 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes August 2023 Market Report

Moon River Real Estate Market Report September 2023

09.23.23 by

Moon River Real Estate Market Report September 2023

As of early September 2023, there is 1 home for sale in Moon River on Hutchinson Island in Jensen Beach FL. The list price is $749,900 which equals $311.03 per sq. ft. of living area.

There are no Moon River homes currently pending (under contract).

There has been 1 Moon River home sale in the past 12 months. The sales price was $450,000 or $306.33 per sq. ft. of living area. This home was on the market for 7 days prior to going under contract. And, it sold for 101% of the last list price.

Click here to view recent Moon River market reports!

About Moon River in Jensen Beach Florida:

Moon River real estate in Jensen Beach Florida
Google Earth image

Moon River homes for sale:

Moon River is a community of 51 attached and 3 detached homes that were built from 1998 to 2003. This is a gated waterfront community with ocean access docks as well as a community pool and clubhouse. Two tennis courts are also available and shared with the neighboring community of Fairwinds Cove.

Moon River real estate in Jensen Beach Florida
Google Earth image

Home sizes range from 3-bedroom, 3-bathroom two-story homes with over 2.700 sq. ft. of living area down to 2-bedroom, 2-bathroom, 1-story homes with just under 1,400 sq. ft. of living space. Most of these homes have 2 car garages with a few actually offering covered parking for up to 4 cars. 

Recent sales in Moon River:

This is a pet-friendly community allowing for up to two pets that are no larger than 50 lbs. HOA fees at the time of this post were $343 per month (payable quarterly). 

Moon River real estate in Jensen Beach Florida

Moon River lies on the east side of the Jensen Beach Causeway in Martin County Florida. It’s only a short walk or bike ride to the public beach on the Atlantic Ocean. It’s also close to shopping, restaurants, and the remaining wonderful amenities that Martin County has to offer.

Moon River is an excellent choice for both full-time residents and for those wishing to have their winter oasis away from the cold north.

Moon River in Jensen Beach on Hutchinson Island
Moon River in Jensen Beach on Hutchinson Island

The current Martin County Schools for Moon River are Jensen Beach Elementary School, Stuart Middle School, and Jensen Beach High School

Here are the current listings in Moon River in Jensen Beach

 For any questions you may have about the September 2023 Market Report for Moon River in Jensen Beach, please call or email Gabe Sanders at 772-888-2885 or Contact Him Here

Jensen Beach Florida Real Estate

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

Moon River Real Estate Market Report September 2023

Florida Single Family Homes August 2023 Market Report

09.21.23 by

Florida Single Family Homes August 2023 Market Report

The Florida Single Family Home real estate market continues to show weaker sales activity when compared to last year. After numerous months of rising inventory, August showed unchanged numbers. We continue to face headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 7.9% (were down by 6.4% in July). New sales under contract (new pending sales) were down by 11.7% (were down by 0.8% in July).

Prices increased slightly for August when compared to last year.  The (year-to-year) median sales price was up by 2.0% (it was up by 0.7% in July). And, the average sales price was up by 3.7% (it was up by 2.2% last month).

The inventory of available homes for sale increased by only 0.2% from last year.  This represents a 3.0-month supply of inventory (August 2022 had a 2.4-month supply). Florida remains in a seller’s market with the advantage to sellers. A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory. 

Please click on the image or link below to download the full Florida single-family real estate market report.

Previous Florida real estate market report posts.

Florida Single Family Homes August 2023 Market Report
Download/View the full report
Recent Florida Market Report Posts:

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 Single Family Homes August 2023 Market Report

 

The Pines and Windemere Real Estate Market Report September 2023

09.16.23 by

The Pines and Windemere Real Estate Market Report September 2023

For September 2023, there are 4 homes available for sale in the Pines and Windemere communities in Jensen Beach FL. The list prices range from a low of $550,000 to a high of $999,999.  This is an average list price of $731,000 which equals $293.79 per sq. ft. of living area.

There are 5 Pines and Windemere homes currently under contract and awaiting settlement.  The list prices ranged from $525,000 up to $847,000. This works out to an average list price of $676,200 or $305.05 per sq. ft. of living area.  These homes were on the market for an average of 17 days before going under contract.

In the past 12 months, 26 Pines and Windemere homes have sold.  Sales prices ranged from a low of $440,000 up to a high of $779,000. This equals an average sales price of $604,835 which equals $285.84 per sq. ft. of living area.  These homes were on the market for an average of 45 days before going under contract. And, they sold for an average of 98% of the list price.

Click here to view the previous Pines and Windemere market report!

About the Pines and Windemere in Jensen Beach FL:

The Pines and Windemere

The Pines and Windemere homes for sale:

Located adjacent to the new Jensen Beach High School, and Felix A. Williams Elementary School, among Martin County’s best schools, is only one reason why The Pines and Windemere communities are so desirable.

The Pines and Windemere real estate in Jensen Beach FL

Some residents have stated, “Sending our children to Felix A. Williams is like having a private school in our own backyard.”  And as far as Jensen Beach High School: “Our Kids can walk to the new High School”.

Recent sales in the Pines and Windemere:

In addition to the best schools, The Pines is located just a little over 2 miles from the beautiful unspoiled beaches of Hutchinson Island, a fantastic public golf course (Eagle Marsh) is right next door and a regional park that offers little league and soccer and many family attractions.  “we can play golf without the high cost just next door.”

The Pines and Windemere real estate in Jensen Beach FL

For others, the best shops of the Treasure Coast Mall with a new 13-plex theater are within walking distance, and grocery stores are located nearby.

World-famous fishing is just a ride away. Stuart is known as the “Sailfish capital of the world.”

The Pines

Adjacent to the Pines is the smaller community of Windemere and the Preserves. 

Neither the Pines nor Windemere offers the amenities of a community pool or clubhouse which keeps the HOA fees quite low at $55.00 and $60.00 a month respectively.

The Pines
Some Extra History:

When these developments were planned the original intent was to combine the two for ease of access.  However, the County decided to nix these plans as they felt that out-of-area residents would use Windemere Drive as a shortcut between US-1 and Jensen Beach, causing a lot of congestion in this community.

 Search here for the Pines and Windemere homes for sale!

Jensen Beach Florida Real Estate

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

Please click on this link for the latest market reports for Martin County, Saint Lucie County, and the State of Florida.

The Pines and Windemere Real Estate Market Report September 2023

Florida Single Family Homes July 2023 Market Report

08.27.23 by

Florida Single Family Homes July 2023 Market Report

The Florida Single Family Home real estate market continues to show weaker sales activity when compared to last year. The inventory numbers are rising (though at a reduced rate from previous months). We continue to face headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 6.4% (were down by 7.9% in June). New sales under contract (new pending sales) were down by 0.8% (were down by 3.2% in June).

Prices increased slightly for July when compared to last year.  The (year-to-year) median sales price was up by 0.7% (it was unchanged at 0.0% in June). And, the average sales price was up by 2.2% (it was down by 0.9% last month).

The inventory of available homes for sale increased by 27.3% from last year.  This represents a 2.8 months supply of inventory (July 2022 had a 2.2 months supply). Florida remains in a seller’s market with the advantage to sellers. A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory. 

Please click on the image or link below to download the full Florida single-family real estate market report.

Previous Florida real estate market report posts.

Florida Single Family Homes July 2023 Market Report
Download/View the full report
Recent Florida Market Report Posts:

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 Single Family Homes July 2023 Market Report

 

Martin County Single Family Homes July 2023 Market Report

08.23.23 by

Martin County Single Family Homes July 2023 Market Report

The Martin County Single Family Homes Market Report showed better-closed activity than last year. Even as we continue to encounter headwinds of increasing mortgage rates and other economic uncertainties. Closed sales were up by 25.0% from last year (they were up by 4.3% in June). At the same time, new pending sales decreased by 6.4% compared to last year (which increased by 5.7% last month).

Prices were up for July compared to last year.  The median sales price increased from last year by 8.0% (up by 1.4% in June) while the average sales price increased by 44.0% (down by 10.1% last month).

The inventory of available single-family homes rose by 6 homes to 473. This is an 11.5% greater inventory than last July.  The current supply of homes is 2.9 months.  For July of last year, it was 2.6 months of supply.  We are still in a seller’s market for Martin County single-family home sales, but trending towards a more balanced market.  A balanced market favoring neither buyers nor sellers is considered a 6 to 7-month supply of inventory.

Please click on the image or link below to download the full Florida single-family real estate market report.

Martin County Single Family Homes July 2023 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes July 2023 Market Report

Martin County Single Family Homes June 2023 Market Report

07.22.23 by

Martin County Single Family Homes June 2023 Market Report

The Martin County Single Family Homes Market Report showed slightly better-closed activity than last year. We are still encountering headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were up by 4.3% from last year (they were down by 4.2% in May). At the same time, new pending sales increased by 5.7% compared to last year (which decreased by 5.1% last month).

Prices were mostly flat or lower for June with little changes from last year.  The median sales price increased from last year by 1.4% (up by 8.1% in May) while the average sales price decreased by 10.1% (up by 3.1% last month).

The inventory of available single-family homes rose by 4 homes to 467. This is an 8.9% greater inventory than last June.  The current supply of homes is 2.9 months.  For June of last year, it was 2.2 months of supply.  We are still in a seller’s market for Martin County single-family home sales, but trending towards a more balanced market.  A balanced market favoring neither buyers nor sellers is considered a 6 to 7-month supply of inventory.

Please click on the image or link below to download the full Florida single-family real estate market report.

Martin County Single Family Homes June 2023 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes June 2023 Market Report

Florida Single Family Homes June 2023 Market Report

07.20.23 by

Florida Single Family Homes June 2023 Market Report

The Florida Single Family Home real estate market continues to show weaker sales activity when compared to last year, but is improving. The inventory numbers are rising (though at a reduced rate from previous months). we continue to face headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 7.9% (were down by 8.5% in May). New sales under contract (new pending sales) were down by 3.2% (were down by 9.1% in May).

Prices were mostly flat or lower for June with little changes from last year.  The (year-to-year) median sales price was unchanged at 0.0% (it was also unchanged at 0.0% in May). And, the average sales price was down by 0.9% (it was down by 0.2% last month).

The inventory of available homes for sale increased by 13.8% from last year.  This represents a 2.8 months supply of inventory. Florida remains in a seller’s market with the advantage to sellers. (June 2022 had a 1.9 months supply)  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory. 

Please click on the image or link below to download the full Florida single-family real estate market report.

Previous Florida real estate market report posts.

Florida Single Family Homes June 2023 Market Report
Download/View the full report
Recent Florida Market Report Posts:

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 Single Family Homes June 2023 Market Report

 

Martin County Single Family Homes May 2023 Market Report

06.24.23 by

Martin County Single Family Homes May 2023 Market Report

The Martin County Single Family Homes Market Report showed slightly slower closed activity than last year. We are still encountering headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 4.2% from last year (they were up by 3.6% in April). At the same time, new pending sales decreased by 5.1% compared to last year (which increased by 8.4% last month).

Prices were up for May.  The median sales price increased from last year by 8.1% (down by 8.0% in April) while the average sales price increased by 3.1% (up by 14.4% last month).

The inventory of available single-family homes remained unchanged at 463. This is a 35.8% greater inventory than last May.  The current supply of homes is 2.9 months.  For May of last year, it was 1.7 months of supply.  We are still in a seller’s market for Martin County single-family home sales, but trending towards a more balanced market.  A balanced market favoring neither buyers nor sellers is considered a 6 to 7-month supply of inventory.

Martin County Single Family Homes May 2023 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes May 2023 Market Report

Florida Single Family Homes May 2023 Market Report

06.22.23 by

Florida Single Family Homes May 2023 Market Report

The Florida Single Family Home real estate market continues to show weaker sales activity when compared to last year, but is improving. The inventory numbers are rising (though at a reduced rate from previous months), but we are facing headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 8.5% (were down by 17.2% in April). New sales under contract (new pending sales) were down by 9.1% (were down by 7.6% in April).

Prices were mostly flat for May with little changes from last year.  The (year-to-year) median sales price was unchanged at 0.0% (it was also unchanged at 0.0% in April). And, the average sales price was down by 0.2% (it was down by 3.6% last month).

The inventory of available homes for sale increased by 46.7% from last year.  This represents a 2.7 months supply of inventory. Florida remains in a seller’s market with the advantage to sellers. (May 2022 had a 1.4 months supply)  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory. 

Previous Florida real estate market report posts.

Florida Single Family Homes May 2023 Market Report
Download/View the full report
Recent Florida Market Report Posts:

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 Single Family Homes May 2023 Market Report

 

The Retreat in Hobe Sound Market Report June 2023

06.14.23 by

The Retreat in Hobe Sound Market Report June 2023

For June 2023, there are 3 homes available for purchase in the Retreat of Hobe Sound. The list prices range from $449,000 up to $850,000. This is an average list price of $594,667 which equals $317.86 per square foot of living area.

There are 6 Retreat homes currently under contract. The list prices ranged from $465,000 up to $875,000. This works out to an average list price of $649,483 which is $313.31 per square foot of living area. These homes were on the market for an average of 24 days before going under contract.

In the past 12 months, 22 Retreat homes have sold.  Sales prices ranged from a low of $415,000 to a high of $836,000.  This is an average sales price of $564,291 or $304.85 per sq. ft. of living area. These sales averaged 99% of the last list price. And, averaged 20 days on the market before going under contract.

Click here to view the previous Retreat market report!

About the Retreat in Hobe Sound:

The Retreat in Hobe Sound Florida
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Homes for sale in the Retreat:

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.

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

Recently sold in the Retreat:


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 the display of artwork.

The Retreat in Hobe Sound Florida

HOA fees in the Retreat include Basic Cable, Common Areas, Grounds / Plants, Lawn Care, Management Fees, Manager, Recreational Facilities, Reserve Funds, and Trash Pickup.

The Retreat in Hobe Sound

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

Homes for sale in the Retreat of Hobe Sound

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

Please click on this link for the latest market reports for Martin County, Saint Lucie County, and the State of Florida.

The Retreat in Hobe Sound Market Report June 2023

Locks Landing Real Estate Market Report June 2023

06.13.23 by

Locks Landing Real Estate Market Report June 2023

As of June 2023, there is 1 Locks Landing home for sale in Stuart Florida. The list price is $825,000 which equals $321.89 per sq. ft. of living area.

There is also 1 Locks Landing home currently under contract. The list price was $825,000 or $303.42 per sq. ft. of living area. This home was on the market for 4 days before going under contract.

In the past 12 months, 6 Locks Landing homes have been sold in Martin County.  Sales prices ranged from $640,000 up to $1,050,000.  This is an average sales price of $730,167 which is $318.36 per sq. ft. of living area. These sales averaged 94% of the list price. And, they went under contract in an average of 44 days after being listed.

Click here to view the previous Locks Landing market report!

About Locks Landing in Stuart FL:

Locks Landing in Stuart Florida
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Locks Landing homes for sale:

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

Locks Landing in Stuart Florida
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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 freshwater 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.

Recent Locks Landing sales:

Locks 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

Locks Landing in Stuart FL

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

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

Please click on this link for the latest market reports for Martin County, Saint Lucie County, and the State of Florida.

Locks Landing Real Estate Market Report June 2023

Ocean Bay Villas Real Estate Market Report May 2023

05.30.23 by

Ocean Bay Villas Real Estate Market Report May 2023

For May 2023, there are 3 Ocean Bay Villas available for sale in this Hutchinson Island FL community.  The list prices range from $672,500 up to $849,000. This is an average list price of $740,467 which is $314.24 per sq. ft. of living area.

There are also 3 Ocean Bay Villas homes currently under contract. These homes had list prices from $675,000 up to $825,000. This equals an average list price of $753,300 which equals $324.25 per sq. ft. of living area. These condos average 22 days on the market before going under contract.

There have been 5 Ocean Bay Villas sales in the past 12 months.  Sales prices ranged from $665,000 up to $786,000. This equals an average sales price of $720,000 which works out to $297.71 per sq. ft. of living area.  These homes sold for an average of 98% of the list price. And, they averaged 19 days on the market before going under contract.

Click here to view the previous Ocean Bay Villas market report!

About the Ocean Bay Villas on Hutchinson Island in Jensen Beach:

Ocean Bay Villas on Hutchinson Island in Jensen Beach Florida
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Ocean Bay Villas for sale:

Ocean Bay Villas on Hutchinson Island is an exclusive private enclave with only 78 owners located on beautiful and unspoiled Hutchinson Island in Saint Lucie County on Florida’s Treasure Coast.  All villas in Ocean Bay feature three-story luxury townhome-style residences with elevators and modern updated interiors.

Ocean Bay Villas real estate on Hutchinson Island in Jensen Beach Florida

There are three different home plans; The Azalea with 3 Bedrooms, 3 & 1/2 Baths, and a Den in 2171 sq. ft. of living area. The Beachberry has 3 Bedrooms, 3 Baths, Den and an Office in a 2,327 sq. ft. of living area.  And, the Cocoplum with 3 Bedrooms, 3 & 1/2 Baths, and a Den in 2,579 sq. ft. of living space.

Recent Ocean Bay Villas sales:

All models have two-car garages and 9 and 10-foot ceilings. This gated Ocean Side community features an entertainment clubhouse, fitness center, community pool, and spa.  A true resort-style lifestyle that can be yours every day.

Ocean Bay Villas real estate on Hutchinson Island in Jensen Beach Florida

Search for all Available Ocean Bay Villas on Hutchinson Island in Stuart Florida

Search for Ocean Bay Villas real estate on Hutchinson Island in Jensen Beach FL

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

Please click on this link for the latest market reports for Martin County, Saint Lucie County, and the State of Florida.

Ocean Bay Villas Real Estate Market Report May 2023

Martin County Single Family Homes April 2023 Market Report

05.20.23 by

Martin County Single Family Homes April 2023 Market Report

The Martin County Single Family Homes Market Report continues to buck the trend with improved sales activity for the second month in a row. But, we are still encountering headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were up by 3.6% from last year (they were up by 12.5% in March). At the same time, new pending sales increased by 8.4% compared to last year (which increased by 14.4% last month).

Prices were mixed for April.  The median sales price decreased from last year by 8.0% (up by 6.1% in March) while the average sales price increased by 14.4% (up by 26.0% last month).

The inventory of available single-family homes decreased by 26 units from last month to 463. This is a 72.8% greater inventory than last April.  The current supply of homes is 2.9 months.  For April of last year, it was 1.3 months of supply.  We are still in a seller’s market for Martin County single-family home sales, but trending towards a more balanced market.  A balanced market favoring neither buyers nor sellers is considered a 6 to 7-month supply of inventory.

Martin County Single Family Homes April 2023 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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.

Martin County Single Family Homes April 2023 Market Report