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
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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
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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
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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
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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
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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

Rustic Hills Real Estate Market Report September 2022

09.27.22 by

Rustic Hills Real Estate Market Report September 2022

For September 2022, there are 6 homes available for sale in Rustic Hills in Palm City FL.  List prices ranged from $724,900 up to $1,949,000.  This is an average list price is $1,130,300 or $479.56 per sq. ft. of living area.

There are no Rustic Hills homes under contract at this time.

In the past 12 months, 16 Rustic Hills homes have sold.  Sales prices ranged from $539,000 up to $1,685,000 for an average sales price of $872,133 which equates to $354.02 per sq. ft. of living area.  Sales prices averaged 97% of the list price. And, these homes averaged 52 days on the market prior to going under contract.

Click here to view the previous Rustic Hills market report!

About Rustic Hills in Palm City FL:

Rustic Hills Palm City Boating Community
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Rustic Hills homes for sale:

Originally a popular fishing camp, Rustic Hills in Palm City, Florida is a quaint waterfront enclave of 178 homesites geared for families who also enjoy boating. All homes have canal frontage with dockage, except for 10 homes/lots, which have deeded spaces for docks. A wonderful entrance through the ‘covered bridge’ allows entry into Rustic Hills. Great families and good neighbors through a series of winding one-lane roads that make this neighborhood unique in today’s fast-paced lifestyles. Some homes still have the outward character of the old fishing camp lodges, but most have been completely remodeled or even re-built to today’s standards.

Rustic Hills Palm City Boating Community
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Recent Rustic Hills home sales:

Truly a ‘rustic’ area, but close to shopping, beaches, and all modern amenities. Only a short ride by boat to the wide Saint Lucie River and an additional few minutes to the Saint Lucie Inlet and the beautiful Atlantic Ocean.

Rustic Hills, Palm City, Florida, Canals

Currently, children living in Rustic Hills attend Bessey Creek Elementary School, Hidden Oaks Middle School, and Martin County High School.  Rustic Hills is an exceptionally friendly family neighborhood where children are seen playing outside at all times and neighbors taking the time to make sure that all is well.

There are a number of exceptional opportunities for prospective homebuyers in Rustic Hills.

Search for currently available homes in Rustic Hills, Palm City, Florida

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.

Rustic Hills Real Estate Market Report September 2022

Martin County Townhouses and Condos August 2022 Market Report

09.26.22 by

Martin County Townhouses and Condos August 2022 Market Report

The Martin County Townhouses and Condos had weaker sales volume 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 for the month were down by 15.1%.  They were down by 29.1% in July.  New sales under contract (new pending sales) were down by 8.0% from last year.  They were down by 6.1% in July.

Prices continue to go up.  The median sales price increased by 47.6% (was up by 35.8% last month). While the average sales price increased by 23.1% (was up by 12.2% in July).

The inventory of available townhouses and condos increased by 13 units to 211 properties.  This is a 56.3% greater supply of inventory than we had in August 2021.  Currently, there’s a 2.1 months supply of inventory (compared to 1.1 months for August 2021).  We remain in a very extreme seller’s market for townhouses and condos in Martin County. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos August 2022 Market Report
Click here to download the full report

Search for previous Martin County townhouses and condos market reports

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.

Martin County Townhouses and Condos August 2022 Market Report

South Fork Estates Real Estate Market Report September 2022

09.26.22 by

South Fork Estates Real Estate Market Report September 2022

There are no homes for sale in the South Fork Estates in Stuart FL for September 2022.

There are also no South Fork Estates homes under contract at this time.

In the past 12 months, there have been 4 South Fork Estates home sales.  Sales prices ranged from $629,000 up to $920,000.  This works out to an average sales price of $770,000 which is $344.39 per square foot of living area.   These homes averaged 20 days on the market before going under contract. And, they sold for an average of 99% of the list price.

Click here for the previous South Fork Estates market report!

About South Fork Estates in Stuart FL:

South Fork Estates in Stuart Florida
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South Fork Estates homes for sale:

A unique private community in Stuart, Florida built before the land was so expensive that homes had to be placed on top of each other.  All homes in South Fork Estates are on 1/2 acre or larger lots, many with serene views of two large lakes located within this community.  Those homes not on the lakes have private preserve views of the Atlantic Ridge.

South Fork Estates in Martin County Florida
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There are 114 homes in South Fork Estates.  Homes were built from 1992 through as late as 2011.  The majority of the homes were built between 1998 through 2005.  Most homes are either 3 or 4 bedrooms with 2 and 3 car garages, ranging in size from around 2,000 sq. ft. of living area to over 3,500.  There are still a few residential lots that are vacant awaiting a home.

Recently sold in South Fork Estates:

This is a close-knit community with a playground as well as a boat and RV storage area.  Low Homeowners’ association fees of under $50 per month at the time of this writing.

Children living in South Fork Estates attend Crystal Lake Elementary, David L Anderson Middle, and South Fork High Schools.

South Fork Estates in Martin County Florida
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Located just off Cove Rd. and Kanner Highways, this community is just minutes from I-95 for commuters.  Shopping and medical facilities are also close by.  And, there are numerous choices for boating access also only a short ride away.

One of the hidden gems of the Stuart area, South Fork Estates is a great community to call home.

Search for homes for sale in South Fork Estates

Recent market reports:

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 the State of Florida please click on this link.

South Fork Estates Real Estate Market Report September 2022

Oak Ridge Real Estate Market Report September 2022

09.24.22 by

Oak Ridge Real Estate Market Report September 2022

For September 2022, there are 2 homes available for sale in Oak Ridge in Palm City, FL. The list prices are $599,000 and $695,000. This is an average list price of $647,000 which is $303.88 per sq. ft. of living area.

There are also 2 Oak Ridge homes currently under contract and awaiting settlement.  List prices were both $769,000. This is an average list price of $769,000 or $313.17 per sq. ft. of living area.  These homes were on the market for an average of 9 days before going under contract.

9 Oak Ridge homes have sold in the past 12 months.  Sale prices ranged from $450,000 up to $605,000.  The average sales price was $524,878 which equals $252.04 per sq. ft. of living area.  These homes went under contract in an average of 31 days after being listed. And, they sold for an average of 99% of the list price.

Click here for the previous Oak Ridge market report!

About Oak Ridge in Palm City FL:

Oak Ridge in Palm City FL
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Homes for sale in Oak Ridge:

Located in a quiet tranquil corner of Palm City Florida, the Oak Ridge community of 224 homes is conveniently located close to top-rated schools, shopping, I-95, and Florida’s Turnpike, golf courses, cultural activities, parks, and beaches. Linked with tree-lined streets and cul-de-sacs, homes are located on preserves or waterfront on lakes or ocean access canals. Enhanced private homesites within a traditional community setting. The gated neighborhood of Oak Ridge offers a 2000 sq. ft. clubhouse, pool, two lighted tennis courts, and a deep water ocean access boat ramp. Each house is ideally situated on a lake or preserve property.

Recent Oak Ridge home sales:

There is a mandatory Home Owners Association with reasonable quarterly dues which cover Basic Cable TV, Landscaping and Maintenance of all Common Areas, Gate Maintenance, Property Manager & Reserve Funds.

Oak Ridge in Palm City Florida
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Residents of Oak Ridge are in the Martin County School system and currently, the assigned schools are Bessey Creek Elementary, Hidden Oaks Middle and Martin County High School.

Only minutes to Pendarvis Cove Park on the shores of the Saint Lucie River. Additional boat ramp and trailer parking and home of the sailing club.

Oak Ridge in Palm City Florida
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Other close-by amenities include lots of great shopping, easy access to Florida’s Turnpike and I-95. Only 15 minutes to the shores of the Atlantic Ocean. Give us a call if you’d like additional information about this wonderful Palm City community.

Currently available homes for sale in Oak Ridge and the Estates of Oak Ridge

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.

Oak Ridge Real Estate Market Report September 2022

Willoughby Cay Real Estate Market Report September 2022

09.23.22 by

Willoughby Cay Real Estate Market Report September 2022

As of September 2022, there are no homes for sale in Willoughby Cay in Stuart FL.

There is 1 home currently under contract. The list price was $430,000 or $303.67 per sq. ft. of living area.  This home was on the market for 5 days after being listed.

In the past 12 months, 4 Willoughby Cay homes have sold.  Sales prices ranged from $350,000 up to $400,000. This works out to an average sales price of $376,250 which equals $242.90 per sq. ft. of living area.  These homes averaged 11 days on the market before going under contract. And, they sold for an average of 104% of the list price.

Click here to view the previous Willoughby Cay market report!

About Willoughby Cay in Stuart FL:

Willoughby Cay in Stuart FL
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Willoughby Cay homes for sale:

Willoughby Cay is a small gated community located on Willoughby Blvd across the street from the prestigious Willoughby Golf Club and consists of 51 buildings of 2 attached villas each (for a total of 102 residences).  However, these homes were built from 2002 to 2004 by Showcase Designer Homes.

These homes come in two basic floor plans.  A 2 bedroom, 2 bathroom with a two-car garage with 1,398 sq. ft. of living area and a 3 bedroom (or 2 bedroom plus den), 2 bathroom with 2 car garage featuring 1,547 sq. ft. of living area.

Recent Willoughby Cay sales:

There is no community pool or other amenities in Willoughby Cay.  However, a few homes have their own pools located in the backyards.  Additionally, for those desiring a country club lifestyle, membership is available for the Willoughby Golf Club across the street.

Willoughby Cay is for all ages and is pet-friendly allowing for up to two pets of medium size or smaller.  Additionally, rentals are also allowed with some restrictions.  The current HOA fee (as of September 2019) is $220.00 a month and these funds cover Basic Cable TV, Common Areas, Lawn Care, Management Fees, Roof Maintenance and Trash Pickup.

Willoughby Cay in Stuart FL

Children living in Willoughby Cay are zoned for the Pinewood Elementary School, Dr. David L. Anderson Middle School, and Martin County High School.

This community is conveniently located just minutes away from shopping, restaurants, beaches and boat ramps, medical facilities as well as easy access to I-95 and historic downtown Stuart.

This is a very desirable community where homes coming up for sale tend to sell fast.

Willoughby Cay in Stuart FL

Click here to see available Willoughby Cay homes for sale

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.

Willoughby Cay Real Estate Market Report September 2022

Florida Townhouses and Condos August 2022 Market Report

09.22.22 by

Florida Townhouses and Condos August 2022 Market Report

Florida Townhouses and Condos showed slower sales 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 20.3% as compared to last month’s decrease of 30.7%.  New sales under contract (new pending sales) decreased by 20.3% (In July, there was a 24.0% decrease).

Prices are still going up.  The median sales price was up by 20.8% (was up by 20.6% in July). While the average sales price increased by 10.8% (was up 11.6% in July).

The inventory of active listings increased by 12.6% from August of last year.  This results in 2.2 months supply of inventory as compared to 1.7 months for August 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 August 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 August 2022 Market Report

Florida Single Family Homes August 2022 Market Report

09.21.22 by

Florida Single Family Homes August 2022 Market Report

The Florida Single Family Home market activity had lower sales volume 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. (Don’t ask me how long!) Closed sales were down by 15.8% (were down by 22.9% in July). New sales under contract (new pending sales) were down by 18.0% (were down by 19.2% in July).

Prices are still going up.  The median sales price rose by 15.0% (it was up by 16.1% in July). And, the average sales price was up by 11.0% (it was up by 12.0% last month).

The inventory of available homes for sale increased by 70.4% from last year.  This represents a 2.4 months supply of inventory. Florida remains in a seller’s market with a major advantage for sellers. (August 2021 had a 1.3 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 August 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 August 2022 Market Report

 

Southwood Real Estate Market Report September 2022

09.19.22 by

Southwood Real Estate Market Report September 2022

For September 2022, there are 2 homes for sale in the Southwood community of Stuart, FL. The list prices are $705,000 and $719,000. This is an average list price of $712,000 or $347.78 per sq. ft. of living area.

There are no Southwood homes currently under contract.

In the past 12 months, 8 Southwood homes have sold.  The sales prices ranged from $455,000 up to $715,000.  This is an average sales price of $611,800 which works out to $297.48 per sq. ft. of living area.  These homes went under contract in an average of 9 days after being listed.  And, these homes sold for an average of 100% of the last list price.

Click here to view the previous Southwood market report!

About Southwood in Stuart, FL:

Southwood in Stuart FL
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Southwood homes for sale:

Southwood is a small community of 115 home sites located just southeast of Salerno Rd on Kanner Highway in Stuart FL.  This location makes it easy for anyone wishing to commute either north or south as it’s only a few minutes to I-95.  It is also close to the Publix shopping center at the intersection of Kanner Highway and Salerno Rd.  Just minutes to Martin Memorial South Hospital.  Only about 10 to 15 minutes to downtown Stuart and just slightly longer to the beaches and waterways of Martin County.

Children in Southwood attend Pinewood Elementary, David L. Anderson Middle and Martin County High Schools.  All great schools.  Click on the above links for more information about each school.

Recent Southwood home sales:

One enters the Southwood subdivision through a long private drive.  Currently, this community is not gated, yet offers the utmost in privacy and safety.  The homes were built from 1990 to 2001 and are all individual styles from various builders.  This is not a cookie-cutter community.  Home sizes range from 3 bedroom, 2 bathroom homes with 2 car garages of just under 1,700 square feet of living area up to 4 bedroom, 3 bathroom homes of just under 3,000 sq. ft.

Entrance to Southwood of Stuart FL

The Southwood Community

There are a number of ponds and creeks throughout Southwood.  And, this community is mostly surrounded by either preserve lands or acreage.  There is no community pool or clubhouse so the HOA fees are a very reasonable $98.00 a month as of this writing and include trash and basic cable TV.  Though there are some magnificent nature trails through the preserve areas.

Southwood is a gem of a neighborhood and is little known to many Martin County residents.  There is very low turnover in this community.  If you’re interested let us know and we can put you on a listing alert notification for this community.

Click here to see if any Southwood Homes are currently available

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.

Southwood Real Estate Market Report September 2022

Four Rivers Real Estate Market Report September 2022

09.17.22 by

Four Rivers Real Estate Market Report September 2022

For September 2022, there are 2 homes available to purchase in the Four Rivers community of Palm City FL. The list prices are $1,879,000 and $3,150,000. This is an average list price of $2,514,500 or $461.90 per sq. ft. of living area.

There are no Four River homes currently under contract.

8 Four Rivers homes have sold in the past 12 months.  The sales prices ranged from $962,500 up to $1,920,000.  This equals an average sales price of $1,360,938 which is $447.97 per sq. ft. of living area.  These homes averaged 33 days on the market before going under contract. And, the sales prices averaged 95% of the list price.

Click here to view the previous Four Rivers market report!

About Four Rivers in Palm City FL:

Four Rivers in Palm City FL

Four River homes for sale:

Four Rivers is a unique enclave of spacious homes on the banks of the South Fork of the Saint Lucie River.  Ideal for the serious boaters, all of Four Rivers’ home sites are on deepwater canals suitable for larger vessels.   With no fixed bridges (under 60’) to the Saint Lucie Inlet for quick and easy access to the Atlantic Ocean.

Recent Four River home sales:

Consisting of 98 home sites, with a minimum ½ acre of land (though most have ¾ acre or more), Four Rivers is a perfect family-friendly neighborhood. Very conveniently located close to ‘A’ rated schools, shopping, restaurants and only a few minutes from either downtown Stuart or Florida’s Turnpike.  Great location for families and for those wishing to commute to our more crowded neighboring counties.

Four Rivers in Palm City Florida
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Canals are maintained to a depth of 6’ at mean low tide to make sure no boats have difficulties navigating to open water.  Low HOA fees are used to fund the occasional dredging to maintain the canal water depth.  Four Rivers is a wonderful place to call home.

Four Rivers in Palm City

Search for all Four Rivers Homes for Sale in Palm City

Search for all Four Rivers Land for Sale in Palm City

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.

Four Rivers Real Estate Market Report September 2022

Quail Meadow Real Estate Market Report September 2022

09.14.22 by

Quail Meadow Real Estate Market Report September 2022

There is 1 townhome currently available for sale in Quail Meadow in the Martin Downs Country Club community of Palm City FL. This home is listed for $398,000 or $299.02 per sq. ft. of living area.

There are no Quail Meadow homes currently under contract.

In the past 12 months, there have been 3 Quail Meadow home sales.  Sales prices ranged from $265,000 up to $365,000.  This is an average sales price of $323,333 which works out to $208.45 per sq. ft. of living area.  These townhomes averaged 50 days on the market before going under contract. They sold for an average of 101% of the list price.

Click here to view the previous Quail Meadow market report!

About Quail Meadow in Martin Downs

Quail Meadow in the Martin Downs Country Club
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Quail Meadow homes for sale:

Located in the beautiful Martin Downs Country Club, Quail Meadow consists of 84 townhome/villas.  These are spread out in 14 buildings with 6 attached units in each building.  Quail Meadow was completed in 1983 and represents its own subdivision within the Martin Downs Country Club.  Many of these homes enjoy beautiful lake and golf course views.

Recent homes sales in Quail Meadow:

All of these homes have a 1 car garage and some are single-story villas while others are two-story style townhouses.   Sizes range from 3 bedroom, 3 bathroom homes with 1,654 sq. ft. of living area down to 2 bedroom, 2 bathroom villas with 1,331 sq. ft.

entrance to Quail Meadow in Martin Downs

The HOA fee is $308 per month. This includes a 24 manned security gate and security patrols, management fees, basic cable TV, common areas and exterior maintenance.   This is a pet-friendly community allowing up to two medium-sized pets per unit.  Rentals are also permitted with some restrictions as to frequency and duration.

front view of Quail Meadow in Martin Downs

Residents of Quail Meadow have the option of joining the golf club in Martin Downs as well as the Martin Downs sports complex.  Or, they are free to just enjoy the great location which is very close to Florida’s Turnpike and I-95 and shopping, restaurants, professional offices, and medical facilities.

Click here to see if any Quail Meadow homes are available for sale

View Martin Downs Country Club Communities:
Clubhouse Court Condos, Crane Creek Country Club and Crane Creek Racquet Club, Eagle Lake, Egret Pond, Heronwood, Ibis Point, Mallard Creek, Osprey Creek, Pheasant Run, Quail Meadow, and Starling Court.

Recent market reports:

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 the State of Florida please click on this link.

Quail Meadow Real Estate Market Report September 2022

Lighthouse Point and Seagate Harbor Real Estate Market Report September 2022

09.12.22 by

Lighthouse Point and Seagate Harbor Real Estate Market Report September 2022

For September 2022, there are 11 homes on the market in Lighthouse Point and Seagate Harbor in Palm City, FL.  List prices range from $1,150,000 up to $2,400,000.  This is an average list price of $1,665,182 which equals $742.20 per square foot of living area.

There are 3 Lighthouse Point and Seagate Harbor homes currently under contract.  The list prices ranged from $750,000 up to $1,290,000. This is an average list price of $1,011,667 or $639.43 per square foot of living area.  These homes averaged 26 days on the market before going under contract.

30 Lighthouse Point and Seagate Harbor homes have been sold in the past 12 months.  Sales prices ranged from $355,000 up to $2,442,000.  This works out to an average sales price of $1,141,663 which equals $581.86 per square foot of living area.  These homes were on the market for an average of 31 days before going under contract. And, they sold for an average of 98% of the list price.

Click here for the previous Lighthouse Point and Seagate Harbor market report!

About Lighthouse Point and Seagate Harbor in Palm City FL:

Lighthouse Point and Seagate Harbor in Palm City FL

Lighthouse Point and Seagate Harbor homes for sale:

A true boater’s and sailor’s delight in an affordable waterfront niche community with deep water dockage! With, families being the focus in this desirable community characterized by beautiful homes, parks, nearby golf, restaurants, shopping, and A-Rated schools!

Lighthouse Point and Seagate Harbor real estate in Palm City FL

Almost every home has waterfront dockage available in an intricate network of deepwater canals. Additionally, some select homes come with wide views of the Saint Lucie River. There is a community boat ramp also available providing everything a boater would ever want!

Lighthouse Point and Seagate Harbor in Palm City FL

The homeowner’s association is very reasonable at only $50 and $75 per year, most of which goes towards a number of great community get-togethers throughout the year. Additionally, these two neighboring communities are in the ‘A’ rated Martin County school system with local children currently zoned for Bessey Creek Elementary, Hidden Oaks Middle and Martin County High Schools.

Lighthouse Point and Seagate Harbor in Palm City FL

There are no fixed bridges to the open Ocean (Only high spans 60’ +). Furthermore, these canals are maintained and dredged to a 6’ depth. In recent years sewer and city water have been brought to these communities which have resulted in a major transformation. Currently, many larger and newer homes are replacing the smaller homes of the previous era.

Recently sold homes in Lighthouse Point and Seagate Harbor:

So, those of you looking for an affordable waterfront in the Martin County area may want to act sooner than later as current prices have been rising rapidly.

Search for available homes in Lighthouse Point and Seagate Harbor

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.

Lighthouse Point and Seagate Harbor Real Estate Market Report September 2022

The River Club Real Estate Market Report September 2022

09.12.22 by

The River Club Real Estate Market Report September 2022

As of September 2022, there are 2 condos for sale in the River Club in Jensen Beach FL.  The list prices are $330,000 and $429,000. This is an average list price of $379,500 or $335.34 per sq. ft. of living area.

There are 3 River Club condos currently under contract. The list prices ranged from $265,000 up to $370,000. This is an average list price of $301,633 which is $267.42 per sq. ft. of living area. These condos were on the market for an average of 41 days before going under contract.

In the past 12 months, 5 River Club condos have sold. Sales prices ranged from $209,900 up to $380,000.  This is an average sales price of $283,880 which works out to $253.57 per sq. ft. of living area.  These condos sold for an average of 96% of the last list price. And, they went under contract in an average of 57 days after being listed.

Click here to view the previous River Club market report!

About The River Club of Martin County:

The River Club of Jensen Beach
Google Earth image

River Club condos for sale:

The River Club of Martin County is a waterfront condo community that was built between the years of 1978 and 1980.  There are 15 buildings with 188 total condos all of which are 2 bedrooms and 2 bathrooms.  These are all two-story buildings.  There are two different floor plans with 1,220 and 1,072 sq. ft., of living areas.  Four of these buildings enjoy beautiful wide waterfront views of the Saint Lucie River.  This attractive community has a 50 slip marina that is run by a separate dock association.  In order to own a slip in the River Club, one must be a condo owner.  Tenants and owners do have the opportunity to rent slips should they be available for lease.

Recent River Club condo sales:

Owners enjoy excellent amenities include a clubhouse with game room and kitchen facilities, a community pool, fitness room, shuffleboard courts, workshop, and cable TV and internet access (including wi-fi) included in the condo fees.  The condo fees as of May 2019 are $326 a month.

All ages are welcome in the River Club but no pets are allowed.  And, rentals are allowed with some restrictions as to duration and length of unit ownership.  Additionally, no commercial vehicles or motorcycles are allowed, but pickup trucks with covers are permitted.

Community Pool of the River Club

The River Club is a great choice for those looking for an affordable condo community with deep water docks and fishing as well as a full complement of amenities.  We don’t think you will be disappointed.

fountain of the the River Club

Search here for any River Club condos for sale

Recent market reports:

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 the State of Florida you can select this link.

The River Club Real Estate Market Report September 2022

Bay Pointe Real Estate Market Report September 2022

09.11.22 by

Bay Pointe Real Estate Market Report September 2022

There are no homes for sale in the Bay Pointe community in Palm City FL for September 2022.

There are also no Bay Pointe homes currently under contract.

In the past 12 months, 3 Bay Pointe homes have sold.  Sales prices ranged from $1,100,000 up to $3,275,000. The average sales price was $1,978,333 which is $540.68 per sq. ft. of living space.  These homes average 100 days on the market before going under contract. And, they sold for an average of 100% of the list price.

Click here to view the previous Bay Pointe market report!

About Bay Pointe in Palm City, Florida:

Bay Pointe in Palm City Florida
Google Earth image

Bay Pointe homes for sale:

Located next to Seagate Harbor and Lighthouse Pointe is the exclusive subdivision of Bay Pointe in Palm City Florida.  This exclusive gated waterfront subdivision boasts 23 homes and lots on the wide waters of the Saint Lucie River.  An additional 11 non-waterfront homes and homesites enjoy the amenities of this private community.  Even the non-waterfront homes have access to docks with a community pier located on the south side of the community.


Located with a large private preserve area to the south and west and enjoying magnificent wide water views to the east.  Only minutes to the wide Atlantic Ocean by boat and enjoying the amenities and low taxes of Martin County make Bay Pointe a wonderful place to call home.

Recently sold homes in Bay Pointe:


Close to parks, beaches, shopping and boasting the ‘A’ rated school system of Martin County.  Current school assignments for Bay Pointe are the Bessey Creek Elementary School, Hidden Oaks Middle School, and Martin County High School.

Bay Pointe in Palm City Florida
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Search for Bay Pointe Homes for Sale

Recent market reports:

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 the State of Florida please click on this link.

Bay Pointe Real Estate Market Report September 2022

Governors Landing Real Estate Market Report September 2022

09.10.22 by

Governors Landing Real Estate Market Report September 2022

There is 1 home on the market in Governors Landing in Hobe Sound FL for September 2022. The list price is $2,500,000 which is $1,164.42 per sq. ft. of living area.

There are no Governors Landing homes currently under contract.

In the past 12 months, 2 Governors Landing homes have sold.  The sales prices were $759,900 and $760,000. This is an average sales price of $759,950 which equals $337.85 per sq. ft. of living area.  These homes sold for an average of 96% of the list price. And, they were on the market for an average of 17 days prior to going under contract.

Click here to view the previous Governors Landing market report!

About Governors Landing in Hobe Sound FL

Governors Landing in Hobe Sound Florida
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Homes for sale in Governors Landing:

Governors Landing is a prestigious gated community in Hobe Sound just south of Jimmy Graham and Peck Lake Parks.   And, on the west of the Intracoastal Waterway facing Jupiter Island and the Atlantic Ocean to the East.  This is a very convenient location about equidistant from the City of Jupiter to the South and the City of Stuart to the North.  Both of which can be reached in under 15 minutes by car.

Governors Landing in Hobe Sound Florida

Governors Landing has both canal homes with ocean access docks as well as lakefront homes. Many of the non-canal homes come with docks in the community marina.  There is also a boat ramp available for residents as is a boat storage area.

Recent sales in Governors Landing:

Homes were built between 1988 and 2006 in Governors Landing.  Existing lot sizes range from just over 1/6th to just under ½ acres. The home sizes range from 3 bedrooms, 2 bathrooms, 2 car garage with around 2,400 sq. ft. of air-conditioned living area up to 5 bedrooms, 5 bathrooms, 3 car garage homes with 5,000 sq. ft. of living area.

Governors Landing in Hobe Sound Florida
Google Earth image

Low HOA fees include the maintenance and upkeep of the security gate, common areas as well as community docks and ramps as well as basic cable TV service.

Children in Governors Landing attend these schools: Hobe Sound Elementary School, Murray Middle School, and South Fork High School.

For those looking for luxury ocean access homes with convenient access to good schools, medical facilities, and shopping, Governors Landing may just be the perfect place to call home.

Search here for Governors Landing homes for sale.

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.

Governors Landing Real Estate Market Report September 2022

Lake Grove Real Estate Market Report September 2022

09.09.22 by

Lake Grove Real Estate Market Report September 2022

There is 1 home currently for sale in Lake Grove of Palm City, FL.  The list price is $960,000 which is $327.53 per sq. ft. of living area.

There are no Lake Grove homes currently under contract.

In the past 12 months, 4 Lake Grove homes have sold. Sale prices ranged from $640,000 up to $729,000.  This is an average sale price of $684,750 which equals $286.38 per sq. ft. of living area.  These homes averaged 16 days on the market prior to going under contract. And, sold for an average of 99% of the list price.

Click here to view the previous Lake Grove market report!

About Lake Grove in Palm City FL:

Lake Grove in Palm City Florida
Google Earth image

Lake Grove homes for sale:

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. 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.

Recently sold Lake Grove homes:

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 Florida
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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

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

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.

Lake Grove Real Estate Market Report September 2022