Rocky Point Estates January 2017 Market Report

There are currently 2 homes available for sale in Rocky Point Estates. List prices are $450,000 to $599,900 for an average list price of $524,950 which equals $238.73 per sq. ft. of living area.

No homes are currently under contract.

In the past 12 months, 16 homes have sold in Rocky Point Estates. Sales prices ranged from $188,000 up to $560,000 for an average sales price of $299,281 which works out to $183.52 per sq. ft. of living area. These homes sold for an average of 96% of the last list price and in 41 days of being on the market prior to receiving an accepted offer.

Rocky Point Estates

Rocky Point Estates is an HOA community in the eastern middle of Rocky Point. Homes on Orange St, Nassau Ter. and the north side of Matousek St. had the opportunity to join this HOA when it was developed and for the sum of $75.00 per year, members have access to a large park with a boat ramp and picnic grounds available for their exclusive use. In addition to the ramp and picnic area, there’s a 29 slip marina suitable for boats up to 30’ in length. These docks can only be owned (or leased) by members in good standing within the Rocky Point Estates HOA community. Individuals within Rocky Point Estates have the option to sell or trade docks within the community.

This boat ramp and the docks are in a highly desirable location that’s only about a mile or so from the open waters of the Atlantic Ocean through the Saint Lucie Inlet. Fisherman in this community love the fact that they can be casting their lines in deep water just minutes after leaving the dock or ramp.

There are just over 170 homes belonging to the association. Homes were first built in this community in 1959 and the latest home was just completed in 2014. Homes are of all styles and sizes ranging from 5 bedroom, 4 bathroom home on almost a half-acre down to under 1,000 sq. ft., 2 bedroom, 1 bathroom homes on under a quarter of an acre lots.

Children residing in Rocky Point Estates attend the Martin County School District with current assignments to Port Salerno Elementary, Murray Middle and South Fork High Schools. Residents are also close to a number of wonderful restaurants and first class medical facilities.

Search for available homes in Rocky Point Estates

Rocky Point Estates January 2017 Market Report

Martin County Townhouses and Condos November 2016 Market Detail

12.31.16 by Gabe Sanders

Martin County Townhouses and Condos November 2016 Market Detail

Martin County Townhouses and Condos Market Detail for November 2016 had an increase of sales while future (pending sales0 are showing some weakness. Closed sales were up for the month by 8.5% (was down by 46.9% in October) while new sales under contract (new pending sales) were down by 15.8% from November 2015 (decreased by 23.7% in October).

Prices were mostly flat or down for November as the median sales price increased by 1.8% (was down by 1.7% in October) while the average sales price decreased by 18.1% (was down by 14.7% in October) as compared to November of 2015. Not totally unexpected with the rapid rise of prices for the past three years as there may be a small correction taking place. Though this market is till active.

The inventory of available townhouses and condos increased by 21 units to 426 properties as compared to last month. This is 14.5% greater than the November 2015 inventory. Currently, there’s a 4.5 month supply of inventory (a 21.6% increase from last year which was 3.7 months). Still a sellers market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Click here to view or download the full report:
Martin County Townhouses and Condos November 2016 Market Detail

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 Townhouses and Condos November 2016 Market Detail

Florida Townhouses and Condos November 2016 Market Detail

12.29.16 by Gabe Sanders

Florida Townhouses and Condos November 2016 Market Detail

The Florida Townhouses and Condos Market Detail for November 2016 showed gains for the month as compared to both the previous year and the previous month. Closed sales were up by 4.1% as compared to last months decrease of 12.3% and new sales under contract (new pending sales) increased by 2.3% (In October there was a 14.5% decrease).

Values, also, continued to increase though at a more moderate pace. Median sales prices were up by 8% (was up by 8.1% in October), while the average sales price increased by 4.5% (was up 0.5% in October). As sales activity decreases and if inventory continues to increase, I expect these prices to continue to moderate, though they are staying pretty resilient at this time.

The inventory increased by 13% from November of last year. For October 2016 we have 6.1 months of inventory (was 5.9 months in October) and compared to 5.4 for November 2015. We are now in a balanced market for Florida townhouse and condo sales. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
Florida Townhouses and Condos November 2016 Market Detail

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 November 2016 Market Detail

East Lake Village December 2016 Market Report

12.29.16 by Gabe Sanders

East Lake Village December 2016 Market Report

For December 2016 there are 5 active listings in East Lake Village. List prices range from $122,900 up to $179,900 for an average list price of $147,719 or $103.17 per sq. ft. of living area.

There are 15 homes under contract in East Lake Village which have not closed to date. List prices were from $113,900 up to $199,900 for an average list price of $137,120 which equals $94.70 per sq. ft. of living area. These homes averaged 47 days on the market before going under contract.

In the past year, 63 homes have sold in East Lake Village. Sales prices ranged from $99,900 to $198,500 for an average of $140,496 which is equal to $90.13 per sq. ft. of living area. These homes sold for an average of 97% of list price and went under contract in an average of 51 days after going in the market.

About East Lake Village in Port St. Lucie:

Located East of US-1 and just to the North of Port St. Lucie Blvd., East Lake Village is a newer community of townhomes and single family homes of many different sizes and floor plans. All of the homes are 2 story with the townhomes attached on at least one side to their neighbor.

Sizes of these homes range from 4 bedroom, 3 and ½ bathroom homes with 2 car garages of over 2,300 sq. ft. of living area down to 2 bedroom, 2 and ½ bathroom townhomes with 1 car garage and 1,350 sq. ft. of living area.

All ages are welcome in East Lake Village. Pets are permitted with some restrictions depending on the section of interest. For the single family homes, 2 large pets are permitted. HOA fees range from $164 a month up to $207 per month (as of June 2016), once again depending on the section where the home is located.

Great location close to medical facilities, restaurants and shopping and only about 15 to 20 minutes to the crystal clear waters of the Atlantic Ocean in Jensen Beach FL.

East Lake Village Homes for Sale

For a more complete list of available East Lake Village homes and townhomes please sent us a note or call.

Florida Single Family Homes November 2016 Market Detail

12.28.16 by Gabe Sanders

Florida Single Family Homes November 2016 Market Detail

The Florida Single Family Homes Market Detail for November 2016 showed unexpectedly strong sales activity from last year. Closed sales were up by 12.8% (was down by 5.3% in October) and new sales under contract (new pending sales) were up by 8.3% (was down by 7.1% in October).

Both the median and average sales prices continued to rise from November 2015 to November 2016. Up by 10% and 6.2% respectively, compared to October’s 11.7% and 6.4%.

The inventory of available homes for sale fell by 6.8% from last year. For November there was only a 4.1 months supply of inventory as Florida remains in a sellers market with the advantage for sellers. (November of 2015 had a 4.4 month supply) A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory. Inventory is once again decreasing which continues to put pressure on rising prices and sales.

Click here to view or download the full report:

Florida Single Family Homes November 2016 Market Detail

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 November 2016 Market Detail

Claridge by the Sea December 2016 Market Report

12.27.16 by Gabe Sanders

Claridge by the Sea December 2016 Market Report

There are currently two condos for sale in Claridge by the Sea. These two condos are listed for $1,200,000 and $1,250,000 for an average list rice of $1,225,000 or $399.16 per sq. ft. of living area.

There are no pending sales currently in Claridge by the Sea.

In the past 12 months, 1 condo has sold. The sales price was $1,250,000 or $407.30 per sq. ft. of living area. This condo went under contract 16 days after being listed and sold for 96% of list price.

About Claridge by the Sea Luxury Condos in Jensen Beach:

Claridge by the Sea on Hutchinson Island in Jensen Beach is the premier luxury condo building and also the newest in the area. Completed in 2003, this 11 story building features only two spacious homes per floor. Private elevators whisk you directly into your spacious over 3,000 square foot home with 3 bedrooms, 4.5 bathrooms, plus office. Each unit comes with spectacular balconies with gorgeous ocean views. Each home comes with a private 2 car garage.

There’s an open clubhouse area and fitness center on the first floor as well as a heated pool and spa with private beach access. There are two detached guest apartments that can be reserved for visiting guests by any of the buildings residents.

1 medium pet is allowed in Claridge by the Sea and rentals are also allowed with some restrictions. The condo fees at this time (December 2016) are $1,550 per month.

For those with a desire to live in the ultimate luxurious space on Hutchinson Island in Jensen Beach, FL, Claridge by the Sea may just be the right one.

Click on this link to view any available Claridge by the Sea Condos for Sale

Additional Jensen Beach Condos on Hutchinson Island in Saint Lucie County you may wish to consider:
Admiral – Atlantis – 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 – Villa del Sol

Hobe Sound FL 33455 Condo Market Report November 2016

12.26.16 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report November 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for November 2016

For November 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 11 active condo listings. (Up by 5 condos from October)

4 Condos are pending and awaiting close. (Up by 3 pending condos from October)

No Condos sold in November. (Decreased by 1 closed sales from October)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. We have finally seen a small increase in inventory as well as pending sales which should show increased activity in future months.

With no sale for November, the absorption rate cannot be determined. Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes on percentages that November not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The November 2015 numbers were: 4 active listings, 1 pending sales and 1 closed sales. It’s very difficult to make meaningful comparisons with such low numbers of sales and inventory.

Search for Hobe Sound FL Condos for Sale Here

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report November 2016

Green Turtle Cove December 2016 Market Report

12.26.16 by Gabe Sanders

Green Turtle Cove December 2016 Market Report

There are no condos for sale in Green Turtle Cove for December of 2016.

There are no condos under contract in Green Turtle Cove on Hutchinson Island in Jensen Beach.

In the past 12 months, only one condo has sold in Green Turtle. The sales price was $245,000 or $181.89 per sq. ft. of living area. This condo went under cotract 54 days after being listed and sold for 98% of list price.

About Green Turtle Cove on Hutchinson Island:

The Green Turtle Cove Condominium Complex is located just South of the Jensen Beach Causeway on Hutchinson Island in Martin County Florida. It lies directly across the street from the public beach in Jensen beach with guarded beaches, a snack bar and beach volleyball courts. Also, soon to break ground is a new luxury resort to be built on the grounds of the old Holiday Inn, also across the street.

Green Turtle cove consists of two 40 unit buildings. The South building was completed in 1973 and the North building shortly after in 1974. This complex in on the shores of the Indian River (Intracoastal Waterway) and has docks which are available to residents on a first come first served basis for the nominal fee of $25.00 a month. There’s also a lake on the grounds as well as a swimming pool, vehicle wash area and BBQ stations.

Each building has secured entry through a lobby and has elevator service to the four stories. There is reserved parking as well as an ample supply of guest spots. Each unit is 2 bedroom and 2 bath with 1,204 sq. ft. of living space under air and a generous balcony with views of either the lake, preserve, river and some with peaks of the ocean.

No pets are permitted in Green Turtle Cove, though there are liberal rental rules allowing part time residents to lower their cost of ownership by leasing out their condo for a few months a year. As of this writing, Condo and management fees are $420 per month (as of December 2016).

Currently Green Turtle Cove is one of the more affordable condos for those wishing both river and ocean access. (I’m told there is great fishing right from the private docks.)

July 2016 update: An upscale resort hotel is scheduled to open in late 2016 or early 2017 across the street on the ocean side.

Search here for Green Turtle Cove Condos for Sale

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

Hobe Sound FL 33455 Residential Market Report November 2016

12.25.16 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report November 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for November 2016

For November 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 203 active listings. (Up by 5 homes from October)

64 Residential sales are pending and awaiting close (Up by 5 homes from October)

33 Homes Sold in November (Up by 2 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues with somewhat slower activity as the inventory grows and the increase in both closed sales and pending sales are not keeping up with this increase in inventory.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 6.5 months (6 months in October). A balanced market for the second month after numerous years of a strong sellers market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for November 2015 were: 166 active listings, 75 pending sales and 28 closed sales. Better closed sales for this year but less pending sales. All this with a sizeable increase in inventory of available homes.

Search here for Hobe Sound Florida Real Estate for Sale

Land Properties

- Land Properties for Sale in Hobe-Sound, Florida Between $0 – $500,000
- Land Properties for Sale in Hobe-Sound, Florida Between $2,500,000 – $3,000,000

Rental Properties

- Rental Properties for Rent in Hobe-Sound, Florida Between $0 – $500,000

Residential Properties

Commercial Properties

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Hobe Sound FL 33455 Residential Market Report November 2016

Miramar Condos December 2016 Market Report

12.25.16 by Gabe Sanders

Miramar Condos December 2016 Market Report

This report includes all Miramar Buildings on Hutchinson Island in Jensen Beach Miramar, Miramar II and Miramar Royale.

There are 11 Miramar condos on the market on Hutchinson Island. List prices range from $209,500 up to $485,000 for an average list price of $359,381 which works out to $250.13 per sq. ft. of living area.

There are no condos currently under contract.

In the past 12 months, 14 Miramar Condos have sold. Sales prices ranged from $210,000 up to $440,000 for an average sales price of $356,020 or $244.66 per sq. ft. of living area. These condos sold for an average of 96% of list price and went under contract 120 days on average from listing date.