Florida Single Family Homes 2022 2nd Quarter Report

07.28.22 by

Florida Single Family Homes 2022 2nd Quarter Report

Click the image below to view the full details of the 2022 2nd quarter single-family home market report as reported by Florida Realtors.

Florida Single Family Homes 2022 2nd Quarter Report

For the 2nd quarter of 2022, Florida single-family homes showed reduced sales activity and higher prices when compared to last year.  The good news is that inventory is beginning to increase. The bad news is that it’s not enough yet and there are also higher prices and interest rates. This is causing a market that is in transition, though I think it will take some time and may be painful for both buyers and sellers of residential real estate before we see significant improvement.

To view, the full report click the image above or this link.

View the entire set of data at the GabeSanders.com market data page.

Click here to view the previous Florida quarterly market reports

Florida Single Family Homes 2022 2nd Quarter Report

Florida Townhouses and Condos June 2022 Market Report

07.21.22 by

Florida Townhouses and Condos June 2022 Market Report

Florida Townhouses and Condos showed slower sales activity when compared to last year. While we continue to have historically low inventory (though it is increasing), we are also facing rising interest rates and higher prices. I expect inventory to continue to increase which will exert downward pressure on prices and hopefully an increase in sales. Though, this will take some time. (Don’t ask me how long!) Closed sales were down by 27.0% as compared to last month’s decrease of 14.4%.  New sales under contract (new pending sales) decreased by 30.1% (In May, there was a 25.1% decrease).

Prices are still going up.  The median sales price was up by 26.4% (was up by 28.8% in May). While the average sales price increased by 21.6% (was up 19.2% in May).

The inventory of active listings increased by 2.4% from June of last year.  This results in 1.9 months supply of inventory as compared to 1.7 months for June 2021.  Remaining in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos June 2022 Market Report

Click here to view the full report!

View previous Florida townhouses and condo market reports by clicking this link.

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 June 2022 Market Report

Florida Townhouses and Condos May 2022 Market Report

06.22.22 by

Florida Townhouses and Condos May 2022 Market Report

Florida Townhouses and Condos showed slower sales activity when compared to last year. We need to be aware that we remain in a market with unprecedented low inventory and also increasing borrowing costs that are significantly affecting the real estate market.  This will most likely continue in the near future until inventory levels begin to rise. Closed sales were down by 14.4% as compared to last month’s decrease of 20.9%.  New sales under contract (new pending sales) decreased by 25.1% (In April, there was a 23.9% decrease).

Prices are still going up.  The median sales price was up by 28.8% (was up by 24.0% in April). While the average sales price increased by 19.2% (was up 16.4% in April).

The inventory of active listings decreased by 20.5% from May of last year.  This results in 1.5 months supply of inventory as compared to 1.9 months for May 2021.  Remaining in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos May 2022 Market Report

Click here to view the full report!

View previous Florida townhouses and condo market reports by clicking this link.

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 May 2022 Market Report

Florida Townhouses and Condos April 2022 Market Report

05.20.22 by

Florida Townhouses and Condos April 2022 Market Report

Florida Townhouses and Condos showed slower sales activity when compared to last year. We need to be aware that we remain in a market with unprecedented low inventory and also increasing borrowing costs that are significantly affecting the real estate market.  This will most likely continue in the near future until inventory levels begin to rise. Closed sales were down by 20.9% as compared to last month’s decrease of 11.4%.  New sales under contract (new pending sales) decreased by 23.9% (In March, there was a 21.3% decrease).

Prices, however, continued to rise in April.  The median sales price was up by 24.0% (was up by 27.3% in March). While the average sales price increased by 16.4% (was up 25.5% in March).

The inventory of active listings decreased by 37.9% from April of last year.  This results in 1.3 months supply of inventory as compared to 2.3 months for April 2021.  Remaining in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos April 2022 Market Report

Click here to view the full report!

View previous Florida townhouses and condo market reports by clicking this link.

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 April 2022 Market Report

Coral Lakes May 2022 Market Report

05.03.22 by

Coral Lakes May 2022 Market Report

For May 2022, there are no homes available for sale in Coral Lakes in Stuart FL.

There is 1 home currently under contract in Coral Lakes. The list price was $450,000 which works out to $215.93 per sq. ft. of living area. This home was on the market for 24 days before going under contract.

6 Coral Lakes homes have sold in the past 12 months.  These homes sold for prices ranging from $550,000 up to $700,000.  This equals an average sales price of $611,833 which works out to $252.49 per sq. ft. of living area. These homes were on the market for an average of 29 days before going under contract and sold for an average of 98% of the list price.

Click here to view previous Coral Lakes market reports!

About Coral Lakes in Stuart FL:

Coral Lakes in Stuart Florida
Google Earth image

The gated Stuart FL community of Coral Lakes is off Willoughby Blvd between Pomeroy Street and Salerno Road.  Communities like this are no longer being developed in most centrally located areas as all of the lots are a minimum of a ½ acre and a number are over an acre.

Coral Lakes in Stuart Florida
Google Earth image

There are just under 100 homesites in Coral Lakes with the first homes built in 1980 and the most recently completed one was in 2005.  Homes come in all sizes and shapes with different builders and range from just over 1,600 sq. ft. 2 bedrooms and 2 bathrooms homes up to over 4,500 sq. ft. homes with 5 bedrooms and 4 bathrooms and multi-car garages.

Recently sold Coral Lakes homes:

Other than a storage lot for boats, RV’s and trailers there are no additional amenities in Coral Lakes and the low HOA fee covers maintenance of the common areas, gates, and management.  Many homes have private pools in these spacious single-family home sites as well as other much-desired amenities.

Coral Lakes in Stuart Florida
Google Earth image

The location makes it easy for residents of Coral Lakes to commute via I-95 to parts north or south of Martin County and yet still be close to shopping, restaurants, medical facilities, beaches and waterways, and the other great attractions that make Stuart FL so popular among families.

Coral Lakes real estate in Stuart FL

Currently, children attend the Pinewood Elementary, Dr. David L. Andersen Middle, and Martin County High Schools.

Coral Lakes real estate in Stuart FL
Coral Lakes real estate in Stuart FL
Coral Lakes real estate in Stuart FL

Check here to see which Coral Lakes homes are available for sale.

For more Stuart Florida area real estate information contact Nicole Bertke or search for properties at PineappleGroupFL.com

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

Coral Lakes May 2022 Market Report

Martin County Townhouses and Condos 2022 1st Quarter Report

04.29.22 by

Martin County Townhouses and Condos 2022 1st Quarter Report

Click the image below to view the full details of the Martin County Townhouses and Condos Quarterly Report as reported by Florida Realtors.

Martin County Townhouses and Condos 2022 1st Quarter Report

For Martin County townhouses and condos the sales volume declined in the 1st quarter of 2022 when compared to the same period last year. This is mostly due to the unprecedented low inventory of available homes and to a lesser extent the rapidly rising prices and higher interest rates. For the near future, I don’t see the inventory rising by any significant amount. This should continue to depress real estate sales volume for a while.

To view the full report, click on the image above or this link.

View the entire set of data at GabeSanders.com

See previous Martin County quarterly reports

Martin County Townhouses and Condos 2022 1st Quarter Report

Florida Townhouses and Condos 2022 1st Quarter Report

04.27.22 by

Florida Townhouses and Condos 2022 1st Quarter Report

Click the image below to view the 2022 1st Quarter Report as reported by Florida Realtors.

Florida Townhouses and Condos 2022 1st Quarter Report

Sales volume declined in the 1st quarter of 2022 when compared to the same period last year.  This is mostly due to the unprecedented low inventory of available homes and to a lesser extent the rapidly rising prices and increasing interest rates. For the near future, I don’t see the inventory rising by any significant amount. This should continue to depress real estate sales volume in the near future.

To view the full report, click on the image above or this link.

View previous Florida quarterly reports here.

View the entire set of data at GabeSanders.com

Florida Townhouses and Condos 2022 1st Quarter Report

Florida Single Family Homes 2022 1st Quarter Report

04.26.22 by

Florida Single Family Homes 2022 1st Quarter Report

Click the image below to view the full details of the 2022 1st quarter single-family home market report as reported by Florida Realtors.

Florida Single Family Homes 2022 1st Quarter Report

For the 1st quarter of 2022, Florida single-family homes showed reduced sales activity when compared to last year.  This is mostly due to the unprecedented low inventory of available homes and to a lesser extent the rapidly rising prices and increasing interest rates. For the near future, I don’t see the inventory rising by any significant amount. This should continue to depress real estate sales volume in the near future.

To view, the full report click the image above or this link.

View the entire set of data at the GabeSanders.com market data page.

Click here to view the previous Florida quarterly market reports

Florida Single Family Homes 2022 1st Quarter Report

Florida Townhouses and Condos March 2022 Market Report

04.21.22 by

Florida Townhouses and Condos March 2022 Market Report

Florida Townhouses and Condos showed slower sales activity when compared to last year. We need to be aware that we remain in a market with unprecedented low inventory that is significantly affecting the real estate market.  This will most likely continue in the near future until inventory levels begin to rise. Closed sales were down by 11.4% as compared to last month’s decrease of 3.6%.  New sales under contract (new pending sales) decreased by 21.3% (In February, a 17.1% decrease).

Prices, however, continued to rise in March.  The median sales price was up by 27.3% (was up by 24.3% in February). While the average sales price increased by 25.5% (was up 19.0% in February).

The inventory of active listings decreased by 48.5% from March of last year.  This results in 1.2 months supply of inventory as compared to 2.8 months for March 2021.  Remaining in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos March 2022 Market Report

Click here to view the full report!

View previous Florida townhouses and condo market reports by clicking this link.

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 March 2022 Market Report

Florida Townhouses and Condos February 2022 Market Report

03.19.22 by

Florida Townhouses and Condos February 2022 Market Report

Florida Townhouses and Condos showed slightly slower sales activity when compared to last year. We need to be aware that we remain in a market with unprecedented low inventory that is significantly affecting the real estate market.  This will most likely continue in the near future until inventory levels begin to rise. Closed sales were down by 3.6% as compared to last month’s increase of 6.7%.  New sales under contract (new pending sales) decreased by 17.1% (In January, a 7.3% decrease).

Prices continued to rise in February.  The median sales price was up by 24.3% (was up by 23.9% in January). While the average sales price increased by 19.0% (was up 19.6% in January).

The inventory of active listings decreased by 55.7% from February of last year.  This results in 1.2 months supply of inventory as compared to 3.4 months for February 2021.  Remaining in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos February 2022 Market Report

Click here to view the full report!

View previous Florida townhouses and condo market reports by clicking this link.

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 February 2022 Market Report

Cabana Point February 2022 Market Report

02.27.22 by

Cabana Point February 2022 Market Report

There are no homes for sale in the Cabana Point community of Stuart Florida in February 2022.

There are also no homes currently under contract.

In the past 12 months, there have been 5 sales in Cabana Point. Sales prices ranged from $350,000 up to $1,100,000. This works out to an average sales price of $590,960 which is $308.17 per sq. ft. of living area. These homes averaged 59 days on the market before going under contract and sold for an average of 99% of the list price.

Click here to view recent Cabana Point market reports!

About Cabana Point in Stuart Florida:

A Stuart FL waterfront community.

Cabana Point in Stuart Florida
Google Earth image

Cabana Point homes for sale:

Cabana Point is an older Stuart community located between the South Fork of the Saint Lucie River and Kanner Hwy.  This community had its first home built in 1958 and the most recent one was built in 2007.  This small community has 40 homes (all but one are single-family homes) and two remaining vacant lots (neither for sale at the time this is being written).   28 of these home sites are waterfront with access to the ocean or to Lake Okeechobee from a canal or the banks of the Saint Lucie River.  The remaining non-waterfront homes have access through a community boat ramp.

Cabana Point in Stuart Florida
Google Earth image

Recently sold homes in Cabana Point:

This is a non-HOA community with no fees. You should be aware that this is an older community with many of the homes back from the age of smaller CBS-style cabana homes. Though, as time passes, many of these homes are being torn down and replaced with spacious 2 story modern waterfront homes that are in high demand. Current home sizes range from the largest one which is a 2 story 3,100 sq. ft. (under air), 9 bedrooms, 6 bathrooms estate down to a 2 bedroom, 2 bath home with just over 1,000 sq. ft. of living area.

For those looking for future appreciation, this community is an excellent investment potential.

Cabana Point in Stuart FL

Check here to see if any Cabana Point homes are available for sale

Stuart FL Real Estate is presented by:
the Gabe Sanders Realty team

Cabana Point February 2021 Market Report

Florida Townhouses and Condos January 2022 Market Report

02.22.22 by

Florida Townhouses and Condos January 2022 Market Report

Florida Townhouses and Condos showed slightly better sales activity when compared to last year. We need to be aware that we remain in a market with unprecedented low inventory that is significantly affecting the real estate market.  Closed sales were up by 6.7% as compared to last month’s increase of 5.4%.  New sales under contract (new pending sales) decreased by 7.3% (In December, a 5.9% increase).

Prices continued to rise in January.  The median sales price was up by 23.9% (was up by 19.9% in December). While the average sales price increased by 19.6% (was up 22.4% in December).

The inventory of active listings decreased by 58.0% from January of last year.  This results in 1.2 months supply of inventory as compared to 3.9 months for January 2021.  Remaining in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos January 2022 Market Report

Click here to view the full report!

View previous Florida townhouses and condo market reports by clicking this link.

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 January 2022 Market Report

Harbour Pointe February 2022 Market Report

02.03.22 by

Harbour Pointe February 2022 Market Report

For February 2022, there are no homes for sale in Harbour Pointe in Palm City FL.

There are also no homes in Harbour Pointe currently under contract.

14 Harbour Pointe homes have sold in the past 12 months with sales prices ranging from $410,000 up to $660,000.  This is an average sales price of $525,161 which is $234.46 per square foot of living area.  These homes sold for an average of 101% list price and averaged 23 days on the market before going under contract.

Click here to view recent Harbour Pointe market reports!

About Harbour Pointe in Palm City FL:

Harbour Pointe in Palm City FL
Image courtesy of Google Earth

Harbour Pointe homes for sale:

Harbour Pointe is a gated community of 120 homes in Palm City Florida.  This small and private community features modern homes with open floor plans that have many of the amenities that home buyers have sought after with an ideal location that is the envy of many in Martin County!  Residents enjoy preserve and lake views in spacious custom-designed homes.

Recent Harbour Pointe sales:

This wonderful residential community is close to Palm City Elementary, Hidden Oaks Middle School and Martin County High School, which are among the ‘A’ rated schools of Martin County.  Also close to shopping, restaurants as well as the beaches of Martin County as well as easy access to I-95 and Florida’s Turnpike makes it a commuters dream!

Harbour Pointe in Palm City Entrance

Currently Available Homes in Harbour Pointe

For more information about this and other Martin County communities contact:
Gabe Sanders

Palm City Florida Real Estate

Residential Homes, Condos and Land with special emphasis on Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Harbour Pointe February 2022 Market Report

 

Martin County Townhouses and Condos 2021 4th Quarter Report

01.30.22 by

Martin County Townhouses and Condos 2021 4th Quarter Report

Click the image below to view the full details of the Martin County Townhouses and Condos Quarterly Report as reported by Florida Realtors.

Martin County Townhouses and Condos 2021 4th Quarter Report

For Martin County townhouses and condos the sales volume declined in the 4th quarter of 2021 when compared to the same period last year. This is mostly due to the unprecedented low inventory of available homes and to a lesser extent the rapidly rising prices. For the near future, I don’t see the inventory rising by any significant amount. This should continue to depress real estate sales volume for a while.

To view the full report, click on the image above or this link.

View the entire set of data at GabeSanders.com

See previous Martin County quarterly reports

Martin County Townhouses and Condos 2021 4th Quarter Report

Florida Townhouses and Condos 2021 4th Quarter Report

01.28.22 by

Florida Townhouses and Condos 2021 4th Quarter Report

Click the image below to view the 2021 4th Quarter Report as reported by Florida Realtors.

Florida Townhouses and Condos 2021 4th Quarter Report

Sales volume declined in the 4th quarter of 2021 when compared to the same period last year.  This is mostly due to the unprecedented low inventory of available homes and to a lesser extent the rapidly rising prices. For the near future, I don’t see the inventory rising by any significant amount. This should continue to depress real estate sales volume for a while.

To view the full report, click on the image above or this link.

View previous Florida quarterly reports here.

View the entire set of data at GabeSanders.com

Florida Townhouses and Condos 2021 4th Quarter Report

Florida Single Family Homes 2021 4th Quarter Report

01.27.22 by

Florida Single Family Homes 2021 4th Quarter Report

Click the image below to view the full details of the 2021 4th quarter single-family home market report as reported by Florida Realtors.

Florida Single Family Homes 2021 4th Quarter Report

For the 4th quarter of 2021, Florida single-family homes showed reduced sales activity when compared to last year.  This is mostly due to the unprecedented low inventory of available homes and to a lesser extent the rapidly rising prices. For the near future, I don’t see the inventory rising by any significant amount. This should continue to depress real estate sales volume for a while.

To view, the full report click the image above or this link.

View the entire set of data at the GabeSanders.com market data page.

Click here to view the previous Florida quarterly market reports

Florida Single Family Homes 2021 4th Quarter Report

Florida Townhouses and Condos December 2021 Market Report

01.22.22 by

Florida Townhouses and Condos December 2021 Market Report

Florida Townhouses and Condos showed slightly better sales activity when compared to last year. This is an improvement from last month’s results. Closed sales were up by 5.4% as compared to last month’s decrease of 5.6%.  New sales under contract (new pending sales) increased by 5.9% (In November, a 0.4% decrease).

Prices continued to rise in December.  The median sales price was up by 19.9% (was up by 17.6% in November). While the average sales price increased by 22.4% (was up 19.6% in November).

The inventory of active listings decreased by 55.8% from December of last year.  This results in 1.5 months supply of inventory as compared to 4.7 months for December 2020.  Remaining in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos December 2021 Market Report
Click here to download the full report

View previous Florida townhouses and condo market reports by clicking this link.

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.

Recent Florida Market Report Posts:

Florida Townhouses and Condos December 2021 Market Report

Florida Townhouses and Condos November 2021 Market Report

12.23.21 by

Florida Townhouses and Condos November 2021 Market Report

Florida Townhouses and Condos showed slightly better sales activity when compared to last year. This is an improvement from last month’s results. Closed sales were up by 5.4% as compared to last month’s decrease of 5.6%.  New sales under contract (new pending sales) increased by 5.9% (In October, a 0.4% decrease).

Prices continued to rise in November.  The median sales price was up by 19.9% (was up by 17.6% in October). While the average sales price increased by 22.4% (was up 19.6% in October).

The inventory of active listings decreased by 55.8% from November of last year.  This results in 1.5 months supply of inventory as compared to 4.7 months for November 2020.  Remaining in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos November 2021 Market Report
Click here to download the full report

View previous Florida townhouses and condo market reports by clicking this link.

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.

Recent Florida Market Report Posts:

Florida Townhouses and Condos November 2021 Market Report

Florida Townhouses and Condos October 2021 Market Report

11.23.21 by

Florida Townhouses and Condos October 2021 Market Report

Florida Townhouses and Condos showed slower sales activity when compared to last year. Reflecting the low inventory that is currently available. Closed sales were down by 5.6% as compared to last month’s increase of 4.9%.  New sales under contract (new pending sales) decreased by 0.4% (In September, a 3.0% increase).

Prices, though, continued to rise in October.  The median sales price was up by 17.6% (was up by 17.2% in September). While the average sales price increased by 19.6% (was up 18.7% in September).

The inventory of active listings decreased by 54.0% from October of last year.  This results in 1.6 months supply of inventory as compared to 4.9 months for October 2020.  Remaining in a sellers’ market for Florida townhouse and condo sales.  A balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Florida Townhouses and Condos October 2021 Market Report
Click here to download the full report

View previous Florida townhouses and condo market reports by clicking this link.

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.

Recent Florida Market Report Posts:

Florida Townhouses and Condos October 2021 Market Report

Martin County Townhouses and Condos 2021 3rd Quarter Report

11.15.21 by

Martin County Townhouses and Condos 2021 3rd Quarter Report

Click the image below to view the full details of the Martin County Townhouses and Condos Quarterly Report as reported by Florida Realtors.

Martin County Townhouses and Condos 2021 3rd Quarter Report

For Martin County townhouses and condos the sales volume was pretty similar in the 3rd quarter of 2021 when compared to the same period last year.  Prices, however, were up by significant amounts. Currently, our biggest issue is a very low inventory of available homes for sale. We are expecting this low inventory to affect future sales volume for the near future.

To view the full report, click on the image above or this link.

View the entire set of data at GabeSanders.com

See previous Martin County quarterly reports

Martin County Townhouses and Condos 2021 3rd Quarter Report