Florida Single Family Homes April 2022 Market Report

05.19.22 by

Florida Single Family Homes April 2022 Market Report

The Florida Single Family Home market activity had lower sales volume compared to last April.  We remain in a market with unprecedented low inventory as well as rising interest rates that are significantly affecting the real estate market.  Inventory rose slightly this month, so maybe we are in the very beginnings of a turn-around in the market. Closed sales were down by 15.3% (were down by 6.2% in March). New sales under contract (new pending sales) were down by 13.9% (were down by 12.4% in March).

Prices are continuing their rise.  The median sales price rose by 21.8% (it was up by 21.1% in March). And, the average sales price was up by 12.8% (it was up by 16.9% last month).

The inventory of available homes for sale increased by 6.9% from last year.  This represents only a 1.1 months supply of inventory. Florida remains in an extreme seller’s market with a major advantage for sellers. (April 2021 also had a 1.1 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 April 2022 Market Report

Click here to 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 April 2022 Market Report

 

Royal Oak Towers May 2022 Market Report

05.17.22 by

Royal Oak Towers May 2022 Market Report

For May 2022, there are no condos available for sale in the Royal Oaks Towers of Stuart.

There is 1 Royal Oak Towers condo currently under contract. The list price was $250,000 or $221.43 per sq. ft. of living area.  This condo was on the market for 43 days before going under contract.

In the past 12 months, 1 condo has sold.  The sales price was $175,000 which equals $155.00 per sq. ft. of living area.  This condo was on the market for 5 days prior to going under contract and sold for 100% of the list price.

Click here to view previous Royal Oak Towers market reports!

About: Royal Oak Towers Condos in Downtown Stuart

Royal Oak Towers in Stuart Florida
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Royal Oak Tower condos for sale:

One of the best locations in Stuart FL.  This all-ages condominium community is within walking distance of the Martin Memorial Hospital, Martin County Court House and School Headquarters as well as numerous medical and professional offices as well as the charmingly historic downtown Stuart area.

Royal Oak Towers in Stuart Florida
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This condominium complex consists of three adjoining buildings with only 18 units in total.  There are only two residences per floor for each building with under-building covered parking available for most owners.  All of the condos are 2 bedrooms and 2 bathrooms with a balcony and 1,129 sq. ft. of living area.  There are common laundry areas for each building, though many unit owners have installed a washer and dryer units in their condos.

Recently sold Royal Oak condos:

Amenities include a barbecue area and pool in the back of the complex and a picturesque fountain out front.  There’s also a large sun deck that can be used for year-round tanning or for parties.

COA (Condo Owners Association) fees include building maintenance, pool, common area charges, trash pickup, painting, roof repair, reserve funds.  All ages are welcome and up to one large pet is allowed.  This is also one of the rare condo associations that allow trucks and motorcycles.

Royal Oak Towers in Downtown Stuart FL

These homes are typically in great demand, so please contact us if you want to be notified when a residence comes up for sale.

Royal Oak Towers in Stuart FL
Royal Oak Towers in Downtown Stuart FL

Click here to see if any Royal Oak Towers condos are currently available

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.

Royal Oak Towers May 2022 Market Report

Ocean Terrace Condos May 2022 Market Report

05.16.22 by

Ocean Terrace Condos May 2022 Market Report

For May 2022, there aren’t any condos available for sale in the Ocean Terrace building in Indian River Plantation on Hutchinson Island in Stuart FL. 

There are 2 Ocean Terrace condos currently under contract. The list prices were $689,000 and $950,000. This is an average list price of $819,500 or $682.92 per sq. ft. of living area. These condos averaged 16 days on the market before going under contract.

In the past 12 months, there have been 4 condo sales in Ocean Terrace. Sales prices ranged from $349,000 up to $840,000. This is an average sales price of $596,750 which is $457.43 per sq. ft. of living area. These condos were on the market for an average of only 13 days before going under contract. And, sales prices were an average of 97% of the list price.

Click here to view previous Ocean Terrace market reports

About the Ocean Terrace Condos in Indian River Plantation

Ocean Terrace in Indian River Plantation on Hutchinson Island in Stuart Florida
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Ocean Terrace condos for sale:

The Ocean Terrace condos of Hutchinson Island in the Indian River Plantation is a direct oceanfront building.   They were built in 1981 with units having either ocean views or sweeping golf course and lake views of the Indian River Plantation Golf Course

Ocean Terrace in Indian River Plantation on Hutchinson Island in Stuart Florida
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There are 32 units with both two bedroom two bath condos of 1200 sq. ft. of living area and one bedroom one bath condos of 1001 sq. ft. of living area.   Ocean Terrace is a four-story elevator building and has the convenience of underbuilding parking for residents.  This is a pet-friendly building with one large pet permitted for owners.

Recent Ocean Terrace sales:

Indian River Plantation amenities include a golf course, full-service marina, tennis courts, tiki bar and shuttle service around the complex and to the Hutchinson Island Marriott resort facilities.

Ocean Terrace Condos in Indian River Plantation
Ocean Terrace Condos in Indian River Plantation
Ocean Terrace Condos in Indian River Plantation

Click here to view available Ocean Terrace Condos for Sale

About the Indian River Plantation Marriott:

the Indian River Plantation Marriott:

Indian River Plantation consists of numerous condominium associations and buildings.  All styles from Oceanfront to Riverfront and Golf and Tennis villas can be found here.  IRP is associated and co-located with the Marriott Resort and Marina.

Tucked away on Hutchinson Island, the Treasure Coast’s 16-mile lush barrier island is a unique resort that greets guests with the warmth of true Southern hospitality.

The Hutchinson Island Marriott Beach Resort and Marina stretches across 200 acres of plantation landscape on Hutchinson Island.  It is bordered on one side by the Atlantic Ocean and by the shimmering Indian River on the other side.

Ocean Terrace in Indian River Plantation on Hutchinson Island in Stuart Florida
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A newly remodeled lobby with sweeping draperies, plantation-style wood furnishings, and tropical tones sets the stage for a magical golf getaway. This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.

Golfers of all skill levels will enjoy the challenging fairways and greens found in the area’s 12 courses. Plantation East, the resort’s course, meanders throughout the island and is characterized by water on 17 of 18 holes. This 4,042-yard, par-61 executive course requires careful club selection and precision shot-making to overcome constantly changing ocean breezes.

Lakeside Condos in Indian River Plantation

The Hutchinson Island Marriott offers guests and residents two tiki bars and their Signature Restaurant, the Baha Grille; and 13 Novagrass tennis courts; miles of unspoiled beaches; water sports; deep-sea fishing; and a full-service 77-slip marina anchored on the Indian River round out a perfect vacation of sun and fun.

Resort amenities also include three heated pools with sundecks, game rentals from the Activities Hut, two outdoor spas, and supervised activities for both children and teens.

Additional Indian River Plantation Condos you December wish to consider:
Bayview – Beachwalk – Dunes Club – Fairway Villas – Inlet Village – Lakeside – Ocean House – Plantation Club Villas – Plantation House – Resort Villas – River Village – Riverbend – Riverwood – Tennis Villas

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

For the latest market reports for Martin County, Saint Lucie County, and Florida, please click on this link.

Ocean Terrace Condos May 2022 Market Report

Harborage Yacht Club May 2022 Market Report

05.15.22 by

Harborage Yacht Club May 2022 Market Report

For May 2022, there are 4 condos for sale in the Harborage Yacht Club in Stuart FL. The list prices range from $399,000 up to $425,000. This is an average list price of $412,000 which works out to $357.99 per sq. ft. of living area.

There are 2 condos currently under contract (in pending status). The list prices were $359,000 and $364,900. This works out to an average list price of $361,950 which is $313.41 per sq. ft. of living area. These condos averaged 50 days on market before going under contract.

In the past 12 months, 22 condos have sold.  Sales prices ranged from $215,000 up to $549,900.  This works out to an average sales price of $323,414 which equals $260.10 per sq. ft. of living area.  These condos sold on average at 98% of the list price and took an average of 75 days before going under contract.

Click here to view the previous Harborage Yacht Club market reports

About the Harborage Yacht Club Condos in Stuart Florida:

Harborage condos in Stuart Florida
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Harborage condos for sale:

Harborage is located just north of the charming historical heart of Martin County by Stuart’s downtown area. Just across the Roosevelt Bridge, it is one of Stuart’s newest waterfront communities. The full name is the Harborage Yacht Club and Marina. Located on the shores of the wide Saint Lucie River and only minutes to access the Atlantic Ocean. A perfect location for those wanting an active waterfront lifestyle.

Harborage condos in Stuart Florida
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The Harborage Yacht Club and Marina consist of a newer condo development with 2 and 3 bedroom luxury residences called cottages, almost all with sweeping water views. Developed by well renowned Altman Development Corporation and constructed from 2004 to 2006.  Completely sold out at its unveiling, many units are currently available at deeply discounted prices.

Recent Harborage condo sales:

The marina consists of 150 deepwater docks available for rent for both owners and visitors to the beautiful Treasure Coast. Amenities include a state of the art 3 story yacht club, with the exclusive Harbor Grille restaurant, a completely equipped professional fitness center with sauna and spa, an infinity-edge pool and spa, and much, much more.

Harborage Yacht Club Condos in Stuart Florida
Harborage Yacht Club Condos in Stuart

Yacht club membership is included for all residents and limited memberships are available for non-residents at this time. Recent changes to the HOA fees have had a negative effect on sales in Harborage with the current fees exceeding $1,000 a month.  This includes a great many amenities and for the price of newer waterfront units that November just November be worth it for the right buyer.

Harborage Yacht Club Condos in Stuart Florida
Harborage Yacht Club Condos in Stuart Florida

Search for available Condos in the Harborage Yacht Club

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.

Harborage Yacht Club May 2022 Market Report

Villa del Sol May 2022 Market Report

05.14.22 by

Villa del Sol May 2022 Market Report

For May 2021, there are no condos available for sale in Villa del Sol on Hutchinson Island in Jensen Beach FL. 

There are also no condos currently under contract in Villa del Sol.

In the past 12 months, 9 Villa del Sol condos have sold.  The sales prices ranged from $200,000 up to $535,000. This equals an average sales price of $384,461 which works out to $295.47 per sq. ft. of living area.  These condos sold for an average of 98% of the list price. And, went under contract in an average of 24 days after being listed.

Click here to view previous Villa del Sol market reports!

About the Villa Del Sol Condos on Hutchinson Island

Villa del Sol condos on Hutchinson Island in Jensen Beach Florida
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Villa del Sol condos for sale:

The Villa del Sol condominium on Hutchinson Island is the first set of condos north of the Jensen Beach Causeway in Saint Lucie County.  This complex was completed between 1970 and 1974. It includes 73 units of condos. From 1 Bedroom, 1 Bath units of 540 sq. ft. of living area under AC up to 2 Bedroom, 2.5 Baths, 2 story units of 1,394 sq. ft.

Villa del Sol condos on Hutchinson Island in Jensen Beach Florida
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This is an oceanfront complex with a community pool, private beach access, and a manager on site.  1 large pet is permitted and the rental policy allows rentals of 30 days or greater.  As of this writing, the condo fees are $455 per month.

Recent Villa del Sol sales:

Great location only a short drive to downtown Jensen Beach as well as within walking distance of shops on Hutchinson Island.

Villa del Sol condos on Hutchinson Island in Jensen Beach

Click here for available Villa del Sol Condos for Sale

Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you may wish to consider:
Admiral – Atlantis – Claridge – Dune Walk – Empress – Island Club –  Island Crest – Island Dunes – Islandia – Miramar – Miramar Royale – Ocean Dunes – Oceana North – Oceana Oceanfront – Oceana South – Ocean Towers – Oceanrise  – Ocean Bay Villas – Princess –  Regency – Sand Dollar Shores – Sea Winds

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.

Villa del Sol May 2022 Market Report