Stuart FL 34994 Condo Market Report March 2016

04.13.16 by

Stuart FL 34994 Condo Market Report March 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for March 2016

For March 2016 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 96 active condo listings (Up by 5 condos from February).

Stuart FL 34994 Condo Market Report March 2016

38 Condo sales are pending and awaiting close or lender approval. (Increased by 6 condos from last month) 

Stuart FL 34994 Condo Market Report March 2016

15 Condos Sold in March (Down by 5 condos from February).

Stuart FL 34994 Condo Market Report March 2016

The Stuart FL 34994 Condo market increased inventory while not increasing closed sales for march of 2016.  Pending sales rose which should be a good indication of increased future closed sales.

The one month absorption rate increased to 6.4 months compared to last month’s 4.6.   Currently a balanced market for condos in Stuart’s 34994 zip code area.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last March the numbers were 95 active listings, 46 pending sales, and 15 closed sales.   Similar volume as last year, though pending sales are somewhat less for 2016.

Stuart FL 34994 Condo Market Report March 2016

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Stuart Florida Market Report ZIP Code 34994 – Condo, March 2016

Stuart Florida Market Report ZIP Code 34994 Residential March 2016

04.12.16 by

Stuart Florida Market Report ZIP Code 34994 Residential March 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for March 2016

For March, 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 62 active listings (Down by 7 homes from February)

Stuart Florida Market Report ZIP Code 34994 Residential March 2016

33 Residential sales are pending and awaiting close or lender approval (Increased by 9 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential March 2016

15 Homes Sold in February (Up by 2 homes from February)

Stuart Florida Market Report ZIP Code 34994 Residential March 2016

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida showed strong increases in both sales and pending activity while unfortunately getting very low, once again, with the available inventory.

The one month absorption rate for the 34994 zip code for March dropped to 4.1 months from 5.3 months for February.  A very strong sellers market for the 34994 zip code area of Stuart, FL.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The March 2014 numbers were 76 Active Listings, 45 pending sales and 16 closed sales.   Slightly better closed and pending volume from 2015, but it was also with a larger available inventory.

Stuart Florida Market Report ZIP Code 34994 Residential March 2016

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Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 Residential March 2016

Sewalls Point Single Family Market Report March 2016

04.11.16 by

Sewalls Point Single Family Market Report March 2016

Sewalls Point Real Estate Snapshot, Residential Sales for March 2016

There are currently 70 active listings (Up by 14 homes since last month)

Sewalls Point Single Family Market Report March 2016

14 home sales are pending and awaiting close or lender approval (Increased by 2 homes from February)

Sewalls Point Single Family Market Report March 2016

6 Homes sold in March (No change in sales from February)

Sewalls Point Single Family Market Report March 2016

The single family real estate market in Sewalls Point had a surprising increase in inventory for March while sales remained unchanged, thus pushing the absorption rate higher.  Pending sales were up slightly.  There does seem to be increasing activity in Sewalls Point, though it does remain a slower moving market as many of the Sewalls Point properties are in the higher end range of the Martin County real estate market.

The current absorption rate rose to 11.7 months, in February it was 9.3 months. Still a great buyers market for Sewalls Point.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to March of 2014, the inventory was 72 homes on the market, 17 pending sales and there were 3 closed sales.  Better closed activity when compared to last year and the inventory is also approaching last years numbers.

Sewalls Point Single Family Market Report March 2016

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Sewalls Point Single Family Market Report March 2016

 

Suntide Condos on Hutchinson Island April 2016 Market Report

04.09.16 by

Suntide Condos on Hutchinson Island April 2016 Market Report

As of April 2016, there are 3 condos on the market in Suntide on Hutchinson Island in Stuart FL.  Listing prices range from $272,500 to $285,000 with an average list price of $278,833 which equals $255.42 per sq. ft. of living area.

There are two condos under contract which have not sold to date.  The list prices were $339,000 and $355,000 for an average list price of $347,000 or $304.12 per sq. ft. of living area.  These two condos averaged 43 days on market before going under contract.

There have been 7 condos sold in the past 12 months in Suntide.  The sales prices ranged from $116,000 to $325,000 for an average sales price of $233,642 which equals $189.62 per sq. ft. of living area. These sales averaged at 91% of the last list price and also were on the market for an average of 140 days before accepting an offer that led to the sale.

Suntide Condos on Hutchinson Island

Pool for Suntide Condos

Suntide Condos on Hutchinson Island

Sun Deck of Suntide Condos

Located on Hutchinson Island in uncrowded and unspoiled Martin County, the  Suntide Building  is one of the premier ocean front condos in Stuart, Florida.  Boasting truly fine amenities with a protected pool, private beach access and hard to find under building protected parking.  There’s a full clubhouse with a fitness center, pool table, card room, library, full kitchen and reading room.
Suntide Condos on Hutchinson Island

Beach access for Suntide Condos

Suntide Condos on Hutchinson Island

Suntide has all two bedroom, two bath condos that come in four different configurations and sizes.  The largest of these feature an office, sitting room than can possibly double as an extra bedroom.  Many units have direct and unspoiled ocean views.  One of the best run associations in Stuart, this fine complex is always a desirable destination for those who have made it their permanent residence as well as those who enjoy it as a vacation get away.

Suntide Condos on Hutchinson Island

Entrance to Suntide Condos

Suntide Condos on Hutchinson Island

Fitness Room in Suntide Condos

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Suntide Condos on Hutchinson Island April 2016 Market Report

Hideaway Isles April 2016 Market Report

04.07.16 by

Hideaway Isles April 2016 Market Report

As of April 2016, there is one active listing in Hideaway Isles in Palm City FL.  This home is listed for $325,000 which equals $250.77 per sq. ft. of living area.

There are two homes under contract which have not settled to date.  Listing prices are $499,900 and $569,500 for an average list price of $534,700 or $240.49 per sq. ft. of living area.  These two homes averaged 110 days on the market prior to going under contract.

In the past 12 months, six Hideaway Isles homes have sold.  Sales prices ranged from $249,700 to $525,00 for an average sales price of $$387,700 which works out to $231.30 per sq. ft. of living area.  These homes sold for an average of 96% of listing price and went under contract in an average of 33 days after being listed.

About Hideaway Isles in Palm City FL

Hideaway Isles real estate in Palm City FL Hideaway Isles real estate in Palm City FL

Hideaway Isles is a community of a variety of homes where you will surely find something to suit your needs!  Homes range in size from modest two to over five bedroom homes with plenty of room around the homes for a great opportunity to make your backyard a fantastic weekend getaway. There is a variety of homes in Hideaway Isles that have newer and older designs and ages. However, many homes have completed updates to the inside and outsides that today’s home buyers find so appealing.  Most Hideaway isles homes are waterfront with deep water docks that can easily access the blue waters of the Atlantic Ocean, only minutes away.

Hideaway Isles real estate in Palm City FL Hideaway Isles real estate in Palm City FL

There are no HOA fees in Hideaway Isles and the only property restrictions are those imposed by Martin County.

Hideaway Isles real estate in Palm City FL

Hideaway Isles is located in Palm City which is a great city to raise a family in because of the “A” rated school system of Martin County, its closeness to I-95 and Florida’s Turnpike which will open you to all the opportunities of Palm Beach County!

Search here for any available Hideaway Homes for sale in Palm City FL

Hutchinson House April 2016 Market Report

04.05.16 by

 Hutchinson House April 2016 Market Report

Hutchinson House Condos for Sale and Sold ReportAs of April 2016, there is only one condo on the market in Hutchinson House on Hutchinson Island in Stuart FL.  This condo is listed for $299,900 or $236.33 per sq. ft. of living area.

There are five condos under contract in Hutchinson House which have not yet closed.  Listing prices ranged from $220,500 to $349,900 for an average list price of $271,820 or $191.19 per sq. ft. of living area.  These condos averaged 85 days on market prior to accepting these offers.

Four condos have sold in the past 12 months in Hutchinson House.  Sales prices ranged from $210,000 to $320,100 for an average of $262,525 or $199.40 per sq. ft. of living area.  These condos sold for 92% of the lst list price and averaged 107 days on market prior to going under contract.Hutchinson House Condos for Sale and Sold Report Hutchinson House Condos for Sale and Sold ReportLocated on Hutchinson Island in uncrowded and unspoiled Martin County, the Hutchinson House Condo complex is an ocean to Intracoastal complex with a variety of styles and views offering wonderful amenities that include ocean access docks, club house, pools, spa/jacuzzi, tennis and a private beach.

Hutchinson House Condos for Sale and Sold ReportHutchinson House consists of 121 Condos, with the Ocean Side being Hutchinson House East and the river side is called Hutchinson House West.  Both sides offer 2 and 3 bedroom condos with 2 or more bathrooms.  Many with spectacular views of the river and the crystal clear blue waters of the Atlantic Ocean.

Hutchinson House Condos for Sale and Sold ReportThe Hutchinson House condos are one of the few condo developments that is pet friendly and allows for up to 2 large pets.  For currently available Hutchinson House condos please call or view the search link below.

 

 

 

 

 

 

Maritimes April 2016 Market Report

04.04.16 by

Maritimes April 2016 Market Report

As of April 2016, there is only one condo on the market in the Maritimes Condos and Townhomes on Hutchinson Island in Stuart FL.  The list price is $619,000 which equals $292.53 per sq. ft. of living area.

There are no Maritimes condos currently under contract.

There have been 5 condos sold in the past 12 months in the Maritimes.  The sales prices ranged from $195,000 to $613,000 for an average sales price of $385,800 which is equal to $203.72 per sq. ft. of living area and these sales averaged 94% of the last listing price.  The average days on market was 168 prior to accepting the offer leading to the sale.

Maritime Condos and Townhomes on Hutchinson Island

Entrance to the Maritimes

 

Maritime Condos and Townhomes on Hutchinson Island

Beach Access at the Maritimes

The Maritimes is one of the prime ocean to river communities on South Hutchinson Island in Stuart, FL.  Offering larger than normal homes on both the river and Oceanside settings.  The riverside (or Maritimes West has a lovely private sand beach with kayak storage for those not wishing to play in the surf or for those days when the it’s a bit windy on the beach side.  The Oceanside (Maritimes East) has private beach access as well as a heated pool when you’re finished frolicking in the crystal clear waters of the Atlantic Ocean.

 

Maritime Condos and Townhomes on Hutchinson Island

Docks of the Maritimes

Maritime Condos and Townhomes on Hutchinson Island

Views from the Maritimes

The Maritimes condos were constructed between 1975 and 1988.  With the oceanfront units being built first.  Living square footage range from just under 1300 sq. ft. 2 Bedroom condos to over 2100 sq. ft .condos and townhouses with 3 Bedrooms plus dens and a garage.

Maritime Condos and Townhomes on Hutchinson Island

Kayak Storage at the Maritimes

Maritime Condos and Townhomes on Hutchinson Island

River views from the Maritimes

Maritime Condos and Townhomes on Hutchinson Island

Tennis Court of the Maritimes


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Hutchinson Island Real Estate is presented by:
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Maritimes April 2016 Market Report

Sewalls Landing April 2016 Market Report

04.03.16 by

Sewalls Landing April 2016 Market Report

As of April 2016, there are two homes available for sale in Sewalls Landing, List prices are $449,000 and $900,000 for an average list price of $674,500 or $223.00 per sq. ft. of living area.

There are no homes currently under contract in Sewalls Landing.

In the past 12 months, 5 Sewalls Landing homes have sold.  Sales prices ranged from $405,750 to $1,100,000 for an average sales price of $648,750 which equals $223.42 per sq. ft. of living area. These sales averaged for 94% of list price and the homes averaged going under contract after 97 days on market.

There were no short sales or foreclosures (distressed sales) in any Sewalls Landing transactions this year.

 Sewalls Landing Jensen Beach FL

 Sewalls Landing is located at the northern tip of Sewalls Point, FL in Martin County.  Officially it is in Jensen Beach, but many residents of Sewalls landing consider themselves part of Sewalls Point.   Just across the street from the Dolphin Bar and Grill and within walking distance of marinas, boat ramps, Indian Riverside Park and much, much more.
Sewalls Landing Jensen Beach FLThis gated community consists of 51 home-sites (including 3 lots that are still vacant).  Homes in Sewalls Landing were built from 1992 to 2008 and are situated on generous sized lots from just under ½ acre to over ¾ of an acre.  Home sizes range from 2,000 to over 5,000 square feet of living areas.  Many homes feature 3 car garages.  Residents enjoy low HOA fees of $110 per month.

Sewalls Landing Jensen Beach FL

Children attend Felix Williams Elementary, Stuart Middle and Jensen Beach High Schools.  Easy access to the beaches as it’s just about equidistant from both the Stuart and Jensen Beach Causeways.  Close to shopping and medical facilities as well.  This is a much sought after community in Martin County, FL.

 Sewalls Landing Jensen Beach FL

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Sewalls Point  Real Estate is presented by:

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Sewalls Landing April 2016 Market Report

Lost River Plantation April 2016 Market Report

04.02.16 by

Lost River Plantation April 2016 Market Report

As of April 2016, there are 3 available homes for sale in the Lost River Plantation community of Stuart, FL.  Prices range from $729,000 to $799,000 for an average price of  $762,800 which equals $249.26 per sq. ft. of living area.

There are 3 homes under contract.  The listing prices ranged from $349,900 up to $749,900 or $205.94 per sq. ft. of living area.  These homes average 239 days on market before going under contract.

In the past 12 months, there have been 7 sales ranging in sales prices from $415,000 to $675,000 for an average sales price of $570,714 which comes out to $195.24 per sq. ft. of living area.  Sales prices averaged 95% of the last list price and these homes were on the market for an average of 104 days prior to accepting these offers.

 Lost River Plantation April 2016 Market Report

Lost River Plantation in Stuart, Florida consists of 111 homes all with private docks and Ocean access via the South Fork of the Saint Lucie River.  All, but just a handful of the homes have waterfront and dockage located in the backyard.  Suitable for deep draft ocean going vessels with some docks able to accommodate over 50’ vessels.  All homes are of newer construction (from 2004 to the present).  There are a limited number of new homes not on the MLS available now or to be built, please call us for details.

Lost River Plantation April 2016 Market ReportLost River Plantation April 2016 Market Report

This is a spectacular waterfront community with very private and protected waterfront areas.  There is a community marina with a clubhouse that offers a fitness center, kitchen and social rooms.  For those wishing to commute to pints north or south, Lost River is very conveniently located near the Interstate for easy access.  Yet, it’s only 10 to 20 minutes’ drive to the pristine beaches and  quaint downtown areas of Stuart, Florida.  Also close to shopping, restaurants as well as medical facilities.  Lost River Plantation is a tremendous opportunity for newer waterfront construction.  A rare gem in this real estate market!

Lost River Plantation April 2016 Market ReportLost River Plantation April 2016 Market Report

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Lost River Plantation April 2016 Market Report

 

February 2016 Monthly Market Detail St Lucie County Townhouses and Condos

04.01.16 by

February 2016 Monthly Market Detail St Lucie County Townhouses and Condos

The February 2016 Monthly Market Detail St Lucie County Townhouses and Condos had a difficult second month of 2016 with reduced sales volume as well as property prices when compared to last year.  Closed sales were down 22.3% from last year (was down 4.9% in January) while new sales under contract (new pending sales) decreased by 24.1% (was down by 33.3% in January).

The median sales price decreased by 10.4% (up by 3.2% in January) while the average sales price was down by 7.2% (increased 10.0% in January). Not good news for sellers of townhouses and condos in St Lucie County.

The inventory of available townhouses and condos increased by 124 units from last month to 667 units, which is 2.5% greater than February 2015. The current supply of inventory increased to 6.6 months as compared to last month’s 5.9 months, which is still 4.8% more than last year.  The St Lucie County townhouses and condos market is now back into a buyers market for at least this month. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

February 2016 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
February 2016 Monthly Market Detail St Lucie County Townhouses and Condos

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.

February 2016 Monthly Market Detail St Lucie County Townhouses and Condos

February 2016 Monthly Market Detail St Lucie County Single Family Homes

03.31.16 by

February 2016 Monthly Market Detail St Lucie County Single Family Homes

February 2016 Monthly Market Detail St Lucie County Single Family Homes continued into the second month of 2016 with weaker sales volume while still active and continued rising prices.  Closed sales were down by 9.2% (in January they were down by 8.8%) and new sales under contract (new pending sales) decreased by 3.9% (they were down by 34.4% last month).

Both the median and average sales prices up by 17.2% and 14.6% respectively from last February (For January these numbers were 21.2% and 20.3%).

Active listings fell by 95 homes to 1,840 homes.  This inventory is 5% greater than last year.  The current supply of homes is at  4.1 months (a 13.9% increase from last year). The St Lucie County single family home market remains in a strong sellers market, though not quite as strong as last year.

February 2016 Monthly Market Detail St Lucie County Single Family Homes

Click here to view or download the full report:
February 2016 Monthly Market Detail St Lucie County Single Family Homes

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.

February 2016 Monthly Market Detail St Lucie County Single Family Homes

February 2016 Monthly Market Detail Martin County Townhouses and Condos

03.30.16 by

February 2016 Monthly Market Detail Martin County Townhouses and Condos

February 2016 Monthly Market Detail Martin County Townhouses and Condos  continues with slower sales volume as compared to the past two years while continuing to show impressive price gains.  Closed sales were down by 2.0% (was down by 20.2% in January) and new sales under contract (new pending sales) were down by 7.5% from February 2014 (decreased by 33.9% in January).  These sales results are an improvement from last month.

The median sales price was up by 2.1% (was up by 39.1% in January) while the average sales price increased by 13.3% (was up by 36.8% in January) as compared to February of 2015.

The inventory of available townhouses and condos dropped by 57 units to 411 properties as compared to last month.  The first drop after three straight months of increased inventory. This is still 13.8% below the February 2015 inventory.  Currently, there’s a 4.1 month supply of inventory (a 10.9% decrease from last year).  Still in a strong sellers market for townhouses and condos for Martin County.  Signs are strong for another increase spurt in sales activity for this sector.

February 2016 Monthly Market Detail Martin County Townhouses and Condos

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

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.

February 2016 Monthly Market Detail Martin County Townhouses and Condos

February 2016 Monthly Market Detail Florida Townhouses and Condos

03.28.16 by

February 2016 Monthly Market Detail Florida Townhouses and Condos

The February 2016 Monthly Market Detail Florida Townhouses and Condos is now in a balanced market and not the super heated activity as we have experienced for the past two years.  Closed sales were down by 5.4% as compared to last months decrease of 4.8% and new sales under contract (new pending sales) decreased by 10.5% (In January there was a 15.8% decrease).

The median sales price continued to rise, by 5.6% (up by 10.9% in January), while the average sales price decreased by 1.4% (was up 5.3% in January).  Interestingly prices continue to rise despite the weaker volume of sales.

The inventory increased by 6.0% from February of last year.  For February 2016 we have 6.3 months of inventory (was 5.9 months in January) also compared to 6.1 for February 2015.  First time in two years that we are seeing an increase in inventory as well as being out of a sellers market.

February 2016 Monthly Market Detail Florida Townhouses and Condos

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:
February 2016 Monthly Market Detail Florida Townhouses and Condos

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.

February 2016 Monthly Market Detail Florida Townhouses and Condos

The Evergreen Club March 2016 Market Report

03.28.16 by

The Evergreen Club March 2016 Market Report

There are 8 homes on the market in the Evergreen Club in late March of 2016.  List prices range from $399,00 to $600,000 for an average list price of $450,100 or $162.66 per sq. ft. of living space.

There is one home under contract.  Listed for $385,000 or $199.48 per sq. ft. of living area.  This home went under contract after 7 days on the market.

In the past 12 months, 22 homes have sold in the Evergreen Club.  Sales prices ranged from $272,000 to $640,000 or an average sales price of $411,345 which equals $151.82 per sq. ft. of living area.  These homes sold for an average of 97% of list price with an average of 49 days on market.

About the Evergreen Club Palm City Florida

Evergreen Club Real Estate in Palm City Florida

Search for Evergreen Club Real Estate

Nestled in a secluded corner of Palm City, The Evergreen Club is an elegant gated community that it’s residents love to call home.  The community is close to it all; ‘A’ rated schools, boat ramps, theatres, fantastic local restaurants, shopping, and beautiful beaches!

Evergreen Club Real Estate in Palm City Florida Evergreen Club Real Estate in Palm City Florida

The Evergreen Club is known for its 18-hole championship golf course that does not require an expensive membership to play.  Every home is unique and will be sure to have something special about it that will charm you.  Located on a beautiful 520 acre parcel, each of the 299 homes feature at least one acre of land for a spacious non crowded feeling!  Enjoy all the beautiful Florida sights that The Evergreen Club has to offer, you may find yourself rarely wanting to leave home!  Golf club membership is not mandatory but if you are a member of The Evergreen Club you will enjoy full golf privileges, dining privileges and fun social events. There are no dining minimums, no assessments or large down payments.

Evergreen Club Real Estate in Palm City Florida

Search for Evergreen Club Real Estate

The Evergreen Club

February 2016 Monthly Market Detail Florida Single Family Homes

03.27.16 by

February 2016 Monthly Market Detail Florida Single Family Homes

The February 2016 Monthly Market Detail Florida Single Family Homes continues to do well, though not as robust as last year.  Closed sales were up by 0.4% (was up by 2.7% in January) and new sales under contract (new pending sales) were down by 3.6% (was down by 11.3% in January).  The lower number of new pending sales is somewhat concerning for future closed sales.

Both median and average sales prices continue to rise ( February 2015 to February 2016) by 11.1% and 9.2% respectively, compared to January’s 13.7% and 6.3%.  Continuing a trend that has been ongoing for close to three years now.

The inventory of available homes for sale fell by 3.8% from last year.  Higher demand areas of Florida have seen decreasing inventory for over two years.  For February there was only a 4.5 months supply of inventory, Florida remains in a sellers market with the advantage for sellers. (February of 2015 had a 5.2 month supply)

February 2016 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:

February 2016 Monthly Market Detail Florida Single Family Homes

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.

February 2016 Monthly Market Detail Florida Single Family Homes

February 2016 Monthly Market Detail Florida Single Family Homes

03.27.16 by

February 2016 Monthly Market Detail Florida Single Family Homes

The February 2016 Monthly Market Detail Florida Single Family Homes continues to do well, though not as robust as last year.  Closed sales were up by 0.4% (was up by 2.7% in January) and new sales under contract (new pending sales) were down by 3.6% (was down by 11.3% in January).  The lower number of new pending sales is somewhat concerning for future closed sales.

Both median and average sales prices continue to rise ( February 2015 to February 2016) by 11.1% and 9.2% respectively, compared to January’s 13.7% and 6.3%.  Continuing a trend that has been ongoing for close to three years now.

The inventory of available homes for sale fell by 3.8% from last year.  Higher demand areas of Florida have seen decreasing inventory for over two years.  For February there was only a 4.5 months supply of inventory, Florida remains in a sellers market with the advantage for sellers. (February of 2015 had a 5.2 month supply)

February 2016 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:

February 2016 Monthly Market Detail Florida Single Family Homes

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.

February 2016 Monthly Market Detail Florida Single Family Homes

Renar River Place Condos March 2016 Market Report

03.27.16 by

Renar River Place Condos March 2016 Market Report

For March 2016 there are 4 condos for sale in Renar River Place.  List prices range from $199,900 to $499,900 for an average of $334,700 which works out to $185.21 per sq. ft. of living area.

There are two condos under contract which have not closed to date.  List prices are $319,900 and $326,900 for an average of $323,400 or $209.73 pr sq. ft. of living area.  These two condos averaged 78 days on market before accepting their contracts.

In the past 12 months, only one condo has sold in Renar River Place.  This condo sold for $315,000 which equates to $204.55 per sq. ft. of living space.  This was 94% of the final listing price and the sellers accepted this offer ater 289 days on market.

About Renar River Place in Downtown Jensen Beach

Renar River Place in Downtown Jensen Beach

One of the few newer condo communities in Martin County.  Renar River Place boasts spacious condos overlooking the Intracoastal Water Way (Indian River) right at the base of the Jensen Beach round about and causeway to Hutchinson Island.  There are also some townhouse style condos associated with this complex along with a limited amount of commercial space, making this the perfect work and live destination.

Renar River Place in Downtown Jensen Beach Renar River Place in Downtown Jensen Beach

Renar River Place is in a great location within an easy walk to all of the quaint shops and restaurants of Jensen Beach.  HOA fees vary by the size of the condo and location, so please call us for the latest cost.  This community is open to all ages and pets are also welcomed.  For those wishing to use this location as an investment, liberal rental rules will allow some excellent returns.

Renar River Place in Downtown Jensen Beach

Search her for Renar River Place Condos for sale

Lake Grove March 2016 Market Report

03.26.16 by

Lake Grove March 2016 Market Report

There are currently 3 homes for sale in Lake Grove of Palm City, FL. List prices range from $488,800 to 749,000. The average list price equals $587,566 which is $190.59 per sq. ft. of living area.

1 home is under contract and awaiting sale. The list price was $510,000 which equals $186.27 per sq. ft. of living area.  This home was on the market for 189 days prior to accepting this offer.

In the past 12 months, 7 homes have sold in the Lake Grove. Sale prices ranged from $367,000 to $640,000 with an average sale price of $506,642 or $160.28 per sq. ft. of living area.  These homes averaged 76 days on market prior to accepting these sales offers and sold for an average of 96% of the last listed price.

 

Located south on Mapp Road in Palm City is the community of Lake grove which is comprised of 64 homes built around a square shaped lake.  Lake Grove lies in a lovely private location will all home sites on at least ½ acre of land.

Lake Grove in Palm City

Homes range in sizes from over 4,500 sq. ft. of living space with 5 bedrooms, 4 baths and a three car garage down to just over 2,000 sq. ft. homes with 3 bedrooms and two bathrooms and 2 car garages.  As of March 2016, the Lake Grove HOA fees are a very reasonable $275 per quarter.

Lake Grove in Palm City

The common areas include two tennis courts, landscaped common areas and a fishing dock on the lake.  There’s also a dedicated trailer/RV/boat parking lot for residents.

Lake Grove in Palm City

Lake Grove children attend ‘A’ rated Martin County Schools and are currently zoned for the Palm City Elementary School, Hidden Oaks Middle School and Martin County High School.  (To search for homes within Martin County school districts visit my school search pages here.)

Lake Grove in Palm City

Click here to see the currently available Lake Grove Homes for Sale

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If you like the Lake grove community, you may also have an interest in its sister community: Orchid Bay.

Click here for the current Orchid Bay Homes for Sale

Lake Grove March 2016 Market Report

Westwood Country Estates Palm City March 2016 Market Report

03.25.16 by

Westwood Country Estates Palm City March 2016 Market Report

As of March 2016, there is only 1 home on the market in Westwood Country Estates in Palm City, FL.  The list price is $498,000 which equals $163.28 per sq. ft. of living area.

There are no homes currently under contract (pending sales)

There have been 5 homes sold in the past 12 months in Westwood Country estates.  Sales prices ranged from $330,000 to  $440,000 for an average of $165.51 per sq. ft. of living area.  These sales averaged  for 94% of the list price and went under contract in an average of 75 days on market.

Westwood Country Estates Palm City March 2016 Market Report Florida

 Westwood Country Estates in Palm City, FL  is a wide open, gorgeous community that features statuesque homes that are beautifully placed on oversized lots of ½ acre or more, that will give you and your family plenty of room to grow!  Wonderfully landscaped throughout, Westwood Country Estates will make you feel proud to come home to.  Every home is unique and there is sure to be one you will fall in love with!

Palm City is a great place to raise a family with its “A” rated schools and proximity to I-95 and Florida’s Turnpike which opens you to all the opportunities of both Martin County and it’s neighbors, just a short drive North or South!  Martin County has lots of recreational areas and opportunities to enjoy many opportunities outdoors with your family!

Westwood Country Estates Homes for Sale

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Palm City Florida Real Estate presented by:

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Westwood Country Estates Palm City March 2016 Market Report

Cobblestone Country Club March 2016 Market Report

03.24.16 by

Cobblestone Country Club March 2016 Market Report

For March 2016 there are 8 homes for sale in the Cobblestone Country Club of Palm City, FL.  List prices range from $449,000 to 699,900. The average list price equals $551,600 which is $177.49 per sq. ft. of living area.

3 homes are under contract and awaiting sale.  List prices are from $359,900 to 400,000 for an average of $386,466 which equals $170.06 per sq. ft. of living area.   These homes were on the market for an average of 0nly 20 days before going under contract.

In the past 12 months, 7 homes have sold in the Cobblestone Country Club.  Sale prices ranged from $310,000 to $510,000 for an average sale price of $410,571 which equals $138.80 per sq. ft. of living area. These homes sold for an average of 94% of list price and went under contract in an average 0f 190 days after being listed.

 

Cobblestone Country Club

Cobblestone Country Club March 2016 Market Report

Located just west of the center of Palm City, Cobblestone Country Club is a peaceful neighborhood of 512 acres with only 238 residences providing generous amounts of space around each home. This upscale community is adjacent to exit 110 on I-95 with easy access to all that Palm Beach County to the South and Orlando to the North, has to offer while enjoying the laid back low growth lifestyle, lower taxes and superior school systems that Martin County offers. Residents enjoy coming home to picturesque views of lakes, preserves and the 18-hole private Fox Golf Course in the Cobblestone Country Club. Homes in Cobblestone consist of new custom built homes and a selection of quality newer resales. 

Cobblestone Country Club March 2016 Market Report

Cobblestone Country Club March 2016 Market Report

Cobblestone Country Club Homes for Sale

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Cobblestone Country Club March 2016 Market Report