Twin Lakes Real Estate Market Report October 2022

10.02.22 by

Twin Lakes Real Estate Market Report October 2022

There are 3 condos currently available to purchase in the Twin Lakes community of Stuart FL. The list prices range from $235,000 up to $255,000. This is an average list price of $243,300 which equals $217.95 per sq. ft. of living area.

There are no Twin Lakes condos under contract.

In the past 12 months, 18 Twin Lakes condos have sold.  Sales prices ranged from $139,000 up to $245,000. This equals an average sales price of $202,111 which works out to $185.75 per sq. ft. of living area.  These condos averaged 28 days on the market before going under contract and sold for an average of 100% of the list price.

Click here to view the previous Twin Lakes market report!

About the Twin Lakes Condo Community:

Twin Lakes condos in Stuart Florida
Google Earth image

Twin Lakes condos for sale:

The Twin Lakes Condos of Stuart FL is located at 6531 SE Federal Highway in South Stuart, just north of the edge of Hobe Sound.  There are just over 280 units in Twin Lakes.  These condos were built in 1973 through 1979 with the last phase completed in 1989.  All condos are 2 bedroom two bathroom units in two-story buildings—interior square footage range from 977 up to 1,182.

Twin Lakes condos in Stuart Florida

One portion of this community is a 55 and over section while the other is open to all ages.  Both phases will accept one small pet.  There is a community pool, clubhouse, tennis courts, shuffleboard courts, and a pleasant area for those wishing to hike around the lakes.

Recent Twin Lakes sales:

The current Condo Association fees are $306 a month (as of April 2018) and these fees cover Building Insurance, Cable, Common Areas, Lawn Care, Maintenance Exterior, Manager, Master Antenna/TV, Pest Control, Pool Service, Reserve Funds and Trash Removal.

Twin Lakes Condos in Stuart FL
Twin Lakes Condos in Stuart FL

Children in the all-ages section of twin Lakes attend Port Salerno Elementary School, Murray Middle School, and South Fork High School.

Twin Lakes Condos in Stuart FL
Twin Lakes Condos in Stuart FL

There is ample reserved and guest parking and commercial vehicles, trucks and RV’s are not permitted.  Rentals are OK with some restrictions.

Click here to view the available Twin Lakes condos listed in the Martin County MLS system

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.

Twin Lakes Real Estate Market Report October 2022

Jensen Beach Club Real Estate Market Report September 2022

09.29.22 by

Jensen Beach Club Real Estate Market Report September 2022

There are no condos for sale in the Jensen Beach Club on Hutchinson Island in Jensen Beach FL for September 2022. 

There is 1 Jensen Beach Club condo currently under contract.  The list price was $355,000 or $325.69 per sq. ft. of living area. This condo was on the market for 19 days before going under contract.

In the past 12 months, 8 Jensen Beach Club condos have sold. Sales prices ranged from $300,000 up to $375,000.  This equals an average sales price of $336,188 which is $308.43 per sq. ft. of living area. These condos were on the market for an average of 8 days before going under contract. And, they sold for an average of 99% of the list price.

Click here to view the previous Jensen Beach Club market report!

About the Jensen Beach Club on Hutchinson Island:

Jensen Beach Club on Hutchinson Island
Google Earth image

Jensen Beach Club condos for sale:

The Jensen Beach Club is a complex consisting of 9 buildings surrounding a lake on Hutchinson Island and lying on a pristine 21 acres. Located directly across the street from the Ocean at the Jensen Beach Public Beach. There are 196 condos which are all 1,090 sq. ft. of living area. They are all 2 bedrooms and 2 bathrooms with private balconies or patios. The Jensen Beach Club complex was built between 1986 and 1987 and has a community pool, clubhouse, and tennis courts. These are three-story buildings with the most desirable condos being the end units with lake views.

Recent Jensen Beach Club sales:

The Jensen Beach Club will allow up to a 25 lb. or smaller pet and rentals are also allowed with some restrictions. The maintenance fee includes the insurance and maintenance for the building exterior as well as the common areas, pest control, management and water, and sewer charges.

There are two designated parking spots for each unit and ample guest parking as well. Jensen Beach Club residents enjoy the convenience of having ocean access just across the street. And, also being a short drive or bicycle ride to restaurants, shopping and the wonderful amenities of Jensen Beach and Martin County FL. All at a very affordable price.

Jensen Beach Club on Hutchinson Island

Search for available Jensen Beach Club Condos here.

Links to all Martin County Condos on Hutchinson Island in Stuart and Jensen Beach you may wish to consider:
Angler Cove – Beachwood Villas – Buttonwood – Dune Condominium – Fairwinds Cove – Green Turtle Cove – Hutchinson House –Indian River Plantation Condos – Islander 12 – Jensen Beach Club – Little Ocean Club – Little Ocean Place – Maritimes – Ocean View –Sailfish Point – Sandpebble – Seaside – Suntide

Recent market reports:

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.

Jensen Beach Club Real Estate Market Report September 2022

St Lucie County Townhouses and Condos August 2022 Market Report

09.28.22 by

St Lucie County Townhouses and Condos August 2022 Market Report

The St Lucie County Townhouses and Condos market had weaker sales activity when compared to last August. While the historically low inventory is slowly improving (though still low), 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. Closed sales were down by 28.3% from last year (were down by 34.1% in July). New pending sales were down by 28.1% for July (they were down by 14.2% last month).

Prices are still rising. The median price increased by 27.9% from last year (was up by 20.4% in July) and the average sales price increased by 22.3% (was up by 11.0% in July).

The inventory of available townhouses and condos decreased by 4 units from last month to 228 residences. This is 31.0% greater inventory than we had in August 2021. The current inventory supply is 2.1 months, as compared to 1.2 months of inventory last year.  The St Lucie County townhouses and condos real estate market remains in a tight sellers’ market, mainly because of the decrease in inventory. Typically a 6 to 7-month inventory is considered a balanced market showing no advantage to either buyers or sellers.

St Lucie County Townhouses and Condos August 2022 Market Report
Click to download the full report

View previous St. Lucie County market reports here.

Recent County 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.

St Lucie County Townhouses and Condos August 2022 Market Report

Tesoro Real Estate Market Report September 2022

09.28.22 by

Tesoro Real Estate Market Report September 2022

For September 2022 there are 9 homes available to purchase in the Tesoro in Port St Lucie FL.  The list prices range from $620,028 up to $1,850,000. This is an average list price of $1,000,137 or $327.27 per sq. ft. of living area.

One Tesoro home is currently under contract. The list price was $599,900 which is $267.10 per sq. ft. of living area. This home was on the market for 8 days before going under contract.

In the past 12 months, there have been 10 Tesoro home sales.  Sales prices ranged from a low of $599,000 up to $1,087,500.  This works out to an average sales price of $871,640 which equals $264.15 per sq. ft. of living area.  These homes sold at an average of 98% of the list price. And, they were on the market for an average of 37 days prior to going under contract.

Click here to view the previous Tesoro market report!

About Tesoro in Port St. Lucie FL:

Tesoro
Google Earth image

Tesoro homes for sale:

One of the premier country clubs on Florida’s Treasure Coast, Tesoro lies on 1,400 acres.  The Tesoro Club is home to two par-72 golf courses one is an Arnold Palmer signature course while the other is a Tom Watson signature course.  The Tesoro Club is an official PGA Tour host.

Tesoro homes in Port St Lucie Florida
Google Earth image

The centerpiece of the Tesoro club is a 100,000-plus square foot three-story clubhouse overlooking a 120-acre lake.  This full-service clubhouse is magnificent and offers impeccable services for all the members of the Tesoro Club.

In addition to the world-class golf, the Tesoro Club is also host to its very own swim and racquet club.  The racquet club consists of 10 Har-Tru tennis courts plus one exhibition stadium court and two croquet courts.  There’s a full-time ATP Tennis Director offering lessons, clinics, and a full-service pro shop.  Spacious men’s and women’s locker rooms make this a wonderful facility.  And after that hard match cool off in the pool or soak your sore muscles in the Jacuzzi.

Tesoro homes in Port St Lucie Florida
Google Earth image

For those needing more pampering, there’s a full-service spa and salon on-premises.  And, if you don’t feel like cooking the dining room at the Tesoro Club has a menu that is sure to please.

Homes in Tesoro run the gamut from huge estate homes of 7,000 sq. ft. of living area with 5 and 6 bedrooms and 6 bathrooms on large ½ acre lots, down to more modest 3 bedrooms, 2 bathroom homes with around 2,000 square feet of living area along with 2 car garages lying on smaller under one quarter-acre lots.

Recently sold in Tesoro:

Additional Tesoro Information: 

At this time there are numerous opportunities for new custom homes built to your specifications or a good number of available resale homes.  Golf Club membership is not mandatory in certain sections of Tesoro so HOA fees vary considerably from area to area.  For non-membership lots, it starts around $580 a month and includes lawn, landscaping, 24 hours monitored security, basic cable TV, management and exterior pest control.

Tesoro Update:  As of early summer 2019 the owner of the Tesoro Golf Club has shut down the golf course and the clubhouse.  Talks are ongoing as of this writing as to whether the club and clubhouse will be sold and re-opened under new ownership

Here are some of the currently available homes in Tesoro

Recent market reports:

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.

Tesoro Real Estate Market Report September 2022

St Lucie County Single Family Homes August 2022 Market Report

09.27.22 by

St Lucie County Single Family Homes August 2022 Market Report

The August 2022 St Lucie County Single Family Home market had weaker activity when compared to last year. While the historically low inventory is slowly improving (though still low), 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. Closed sales were down by 22.4% for the month compared to last year (in July they were up by 18.0%). New sales under contract (new pending sales) decreased by21.6 % (they were down by 8.4% last month).

Prices were also up in August.  The median sales price was up by 22.7% (was up by 26.0% in July).  The average sales price was up by 27.5% (it was up by 23.8% in July).

The number of available home listings increased by 195 homes to 1695.  This inventory is 124.4% greater than last year.  The current supply of homes is 2.7 months (it was 1.2 months last year).  The St Lucie County single-family home market remains an extreme sellers’ market.  A balanced market is one with a 6 to 7 month supply of inventory.

St Lucie County Single Family Homes August 2022 Market Report
Click here to download the full report

View previous St. Lucie County market reports here.

Recent County 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.

St Lucie County Single Family Homes August 2022 Market Report