August 2015 Monthly Market Detail Martin County Single Family Homes

09.27.15 by

August 2015 Monthly Market Detail Martin County Single Family Homes

The August 2015 Monthly Market Detail Martin County Single Family Homes showed some signs of weakness when compared to last year.  Year to year closed sales were down by 8% (was up 13.7% in July). New pending sales decreased by 2.4% as compared to August of 2014 (decreased by 3.1% in July).

The median sales price was up by 9.6% from last year (up by 7.5% in July) while the average price increased by 10% (was up by 11.7% last month).  Even with decreasing sales, the current lack of inventory is exerting significant upward pressure on single family home prices in Martin County.

The inventory of available single family homes increased from July 2015 by 58 homes to 1003 units this month, and this is also a 22.1% decrease from last August.  Current supply of homes is 4.3 months, for July of this year it was a 4.5 months supply. (This is a 33% decrease from last year). The Martin County single family real estate market remains a strong sellers market.  We are approaching our slower selling season for the upcoming holidays.  It will be interesting to see if we can get any increase in inventory of available homes to sell.

August 2015 Monthly Market Detail Martin County Single Family Homes

Click here to view or download the full report:
August 2015 Monthly Market Detail Martin 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.

August 2015 Monthly Market Detail Martin County Single Family Homes

July 2015 Monthly Market Detail Martin County Single Family Homes

08.28.15 by

July 2015 Monthly Market Detail Martin County Single Family Homes

The July 2015 Monthly Market Detail Martin County Single Family Homes continues with good positive gains though not quite as strong as last month.  Year to year closed sales were up by 13.7% (was up 28.8% in June). New pending sales decreased by 3.1% as compared to July of 2014 (increased by 2.1% in June).

The median sales price was up by 7.5% from last year (down by 5.4% in June) while the average price increased by 11.7% (was up by .05% last month).  Back into positive numbers after a little hiccup last month.

The inventory of available single family homes increased from June 2015 by 23 homes to 1061 units this month, but this is still a 18% decrease from last July.  Current supply of homes remained at 4.5 months, the same as June’s 4.5 months supply. (A 31.2% decrease from last year). The Martin County single family real estate market remains a strong sellers market. The small increase in inventory for this month is a welcome sign.

July 2015 Monthly Market Detail Martin County Single Family Homes

Click here to view or download the full report:
July 2015 Monthly Market Detail Martin 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.

July 2015 Monthly Market Detail Martin County Single Family Homes

Jensen Park Estates July 2015 Market Update

07.29.15 by

Jensen Park Estates July 2015 Market Update

Currently only 1 home is available for sale in the Jensen Park Estates.  It is listed for $289,000 which equals $132.20 per sq. ft. of living area.

There are three homes under contract and awaiting closing.  List prices are from $159,900 to $310,000 for an average list price of $232,966 or $146.40 per sq. ft. of living area.

In the past 12 months, 22 Jensen Park Estates homes have sold.  Sales prices ranged from a low 0f $52,100 up to $329,000 for an average sales price of $214,824 which equals $120.56 per sq. ft. of living area.  These sales averaged 97% of listing price and averaged 67 days on market before going under contract.

Jensen Park Estates is a non-gated community located just west of Savannah Rd in the heart of Jensen Beach.  There are 381 home sites in this community, most of which have been built upon.  Homes were built from 1980 to the latest one which was completed in 2010.

Jensen Park Estates real estate

There’s a wide range of sizes and shapes of homes ranging from 6 bedroom homes with over 3,100 sq. ft. of living area down to more modest 2 bedroom, 2 bathroom homes with just under 1,100 sq. ft.  There are both frame and concrete block construction as well as homes with and without private pools.

Some homes have large lots of over ½ acre while others are fairly modest lots with just over .12 acres.  Homeowner fees are a very reasonable $150 per year.

Neighborhood children attend the Jensen beach Elementary School which is just a little over ½ mile away, Stuart Middle School and the Jensen Beach High School.

Jensen Park Estates real estate

Very close to shopping areas of US-1 as well as close to the Intracoastal (the Indian River) with its boat ramps, public beaches on Hutchinson Island, Indian Riverside park, and much more.

Jensen Park Estates is an excellent option for both families and retirees looking for affordable homes in the heart of Jensen Beach.

Search here for available Jensen Beach Estates Homes for Sale

June 2015 Monthly Market Detail Martin County Single Family Homes

07.27.15 by

June 2015 Monthly Market Detail Martin County Single Family Homes

The June 2015 Monthly Market Detail Martin County Single Family Homes rebounded nicely from last months disappointing sales volume.  Year to year closed sales were up by 28.8% (was down 2.6% in May). New pending sales increased by 2.1% as compared to June of 2014 (increased by 1.1% in May).

The median sales price was down by 5.4% from last year (down by 1.1% in May) while the average price increased by .05% (was up by 13% last month).  Continuing to show some weakness in what has been an exceptionally strong rate of price increases for the past two years.

The inventory of available single family homes decreased from May 2015 by 49 homes to 1038 units this month, and this is also a 25.4% decrease from last June.  Current supply of homes decreased to 4.5 months from May’s 4.8 months supply. (A 37.7% decrease from last year). The Martin County single family real estate market continues as a strong sellers market, though there are some major issues appearing recently.  Primarily the lack of inventory of available homes for sale.

Click here to view or download the full report:
June 2015 Monthly Market Detail Martin 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.

June 2015 Monthly Market Detail Martin County Single Family Homes

Leilani Heights Jensen Beach July 2015 Market Update

07.27.15 by

Leilani Heights Jensen Beach July 2015 Market Update

There are 2 current listings in Leilani Heights as of July 2015.  The list prices are $165,000 and $214,900 for an average list price of $189,950 or $126.55 per sq. ft. of living area.

3 homes are under contract and awaiting settlement in Leilani Heights.  List prices are from $149,900 to $230,000 with the average list price being $179,800 that equals $122.91 per sq. ft. of living area.

In the past year, there have been 24 homes sold in Leilani Heights.  Sales prices ranged from $94,000 to $230,000 with the average sales price being $158,990 which equates to $109.85 per sq. ft. of living area.  The average days on market prior to n accepted offer was 41 days and these sales averaged at 97% of the list price.

Located so closely to the many exciting and beautiful places in Jensen Beach, Leilani Heights has been a well known family oriented neighborhood for many years. Leilani Heights is within walking distance from the Five Star Jensen Beach Elementary School that has earned an “A” rating for 5 years in a row! The Lelaini Heights neighborhood is also located less than 10 minutes from Jensen Beach High School, a newer facility filled with fantastic teachers and sports programs. If you are a beach lover then you are in luck! Living in Leilani Heights, you are only a few minutes from having your toes in the sand. Want to enjoy downtown Jensen Beach? Then you are only five minutes away! Treasure Coast Square Mall is also just a short ride away! So if you want to be close to the five star schools, beaches, quality restaurants, the mall, family sports and recreation areas then Leilani Heights is your perfect fit.

Leilani Heights real estate in Jensen Beach Leilani Heights real estate in Jensen Beach

Leilani Heights real estate in Jensen Beach Leilani Heights real estate in Jensen Beach

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Murano Homes July 2015 Housing Market Update

07.20.15 by

Murano Homes July 2015 Housing Market Update

Palm City Florida Real Estate

Murano in Palm City Florida
There are currently 5 homes on the MLS in Murano with prices ranging from $269,000 to $349,000. This is an average list price of  $306,380 or $125.24 per sq. ft. of living area.
There are currently 4 homes under contract in the MLS.  List prices on these pending homes range from $248,000 to $289,000 for an average list price of $268,350 which equals $145.64 pr sq. ft. of living area.
In the past 12 months 6 homes have sold in Murano with sales prices ranging from $238,000 to $320,000 for an average sales price of $275,000 which is $117.96 per sq. ft. of living area.  The average days on market was 41 and the list to sales price ratio was 97%..
Murano Homes in Palm City FLConveniently located off of martin Downs Blvd and Sunset Trail, Murano is a new home community with 110 homes. Originally developed by Home Dynamics with homes built in 2007 and later this community was taken over by D. R. Horton with building resuming in 2011 to the present. Murano homes range from two story 5 Bedroom 4 bathroom homes of 0ver 3,200 sq. ft. to single story 2 Bedroom, 2 bath homes of just over 1,700 sq. ft.

This is a very family friendly neighborhood close to schools, shopping and Florida’s Turnpike for commuters. There is a community pool and low HOA fees of approximately $65 per month (as of this writing).

There may be a few new D. R. Horton homes available for sale, but this community is just about sold out so call us for details.

  • For the D.R. Horton homes, highlights include:
  • Choice of 5 NEW Floor plans
  • GE Appliance Package
  • Various home sites available including lakefront
  • Community Swimming Pool and Cabana
  • Top Rated Palm City Schools
  • Easy commute via I-95 or Florida Turnpike
  • Close proximity to area recreation including beaches, parks, boating, fishing and all types of water sports
  • Shopping, entertainment and restaurants are all nearby.

We are very excited to be able to offer some special promotional packages not available directly from the builder.

 Murano Homes in palm City Florida

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Murano Homes for Sale

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Murano Homes July 2015 Housing Market Update


Crane Creek in Martin Downs July 2015 Housing Market Update

07.19.15 by

Crane Creek in Martin Downs July 2015 Housing Market Update

Crane Creek in Martin Downs

In July of 2015 there are 11 homes actively listed in Crane Creek.  List prices range from $375,000 to $675,000 for an average list price of $549,355 or $148.37 per sq. ft. of living area.

There are currently 2 Crane Creek homes are under contract and awaiting settlement, priced from $179,000 to $415,000 or an average list price of $314,333 which is $132.20 per sq. ft. of living area.

In the past 12 months there have been 22 sales in Crane Creek with sales prices ranging from $135,000 to $635,000 for an average sales price of $337,324 or $118.83 per sq. ft. of living area. The average days on market was 91 with a 95% list to sales price ratio.

Crane Creek in Martin Downs

The coast of Florida on the eastern side offers many wonderful locations. One of the secret attractions is Crane Creek real estate development. This community is found within Palm City. With all the accommodations the Palm City area has to offer it should not be a surprise that a select neighborhood such as Crane Creek real estate properties is a high commodity.

  • An abundance of parks to soak in the outdoors  from a climate that allows for it year round; fields for football, soccer, baseball, softball, lacrosse, tennis and basketball courts, skate rinks and parks, horseshoes, playgrounds, picnic areas, shelters, boat ramps and many more
  • A wide variety of fishing from saltwater to freshwater, surf to pier to deep water, charter, novice and expert, tournament or hobby
  • An assortment of arts and culture; musicals, plays, movie theaters, miniature golf, pleasure cruises, restaurants, fine art collections, gift shops, festivals, art shows, museums, theme parks
  • A large range of shopping experiences including leading retailers, specialty shops, charming boutiques, malls

Crane Creek in Martin Downs

Crane Creek real estate is situated within Martin Downs Country Club. A gated golf course community, Crane Creek has the finest features needed to make the community as upscale and appealing as possible. However, none of this is forced upon you because membership in the country club is optional.

  • a spectacular clubhouse
  • 2 championship golf courses
  • 12 tennis courts
  • 2 swimming pools
  • a fully equipped fitness center

Crane Creek in Martin Downs

There is also the opportunity to partake in one of the many other conveniences in place at the country club facility.  There are a driving range, chipping area, putting green, practice bunker and rental clubs. The Crane Creek real estate in Martin Downs is made up of marvelous and varied homes with something for everyone. The properties involve a wide selection of architectural style and choices from condominiums to estate homes. The parcels also have as much variation with maintenance free lots and large acreage lots. Within minutes from two of Florida’s major thoroughfares, Florida’s Turnpike and I-95, the location of Crane Creek real estate removes the hassle from commuting. In addition to all of these amenities recent business dealings in the Crane Creek real estate area may bring one more amenity. There is talk of an equestrian facility being placed on site within Martin Downs Country Club. In this part of Florida there is fishing, golf and horses. An equestrian facility would bring horse shows and an increase in revenue for locally owned businesses. Come take a look at all of the extras and all of the expected in this community. Furthermore, contact us today so we can put our knowledgeable and professional expertise to work for you as you look into becoming part of the Crane Creek real estate undertaking.
Crane Creek in Martin Downs

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Crane Creek Homes for Sale

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Crane Creek in Martin Downs July 2015 Housing Market Update

Portofino Condos at Jensen Beach July 2015 Market Update

07.06.15 by

Portofino Condos at Jensen Beach July 2015 Market Update

As of July 2015 there is only one condo available for sale in Portofino.  It is a 2 BR condo listed for $101,500 or $95.31 per sq. ft. of living area.

There are no condos pending at this time.

In the past 12 months, 10 condos have sold, ranging in sales price from $54,600 to $90,169 for an average sales price of $68,286 which equals a price per sq. ft. of $73.77.  The average days on market was 25 days and the average list to sales price ratio was an incredible 119%

Portofino condos remain in high demand and sales prices continue to rise.  Many of the units continue to be controlled by the former developer who has not released them for sale and continues to run a rental program.

Portofino Condos at Jensen Beach are one of the newest condominium subdivisions in Martin County.  Originally built as an upscale apartment complex around 2000, this development was turned into condominiums and began sales in 2005.  Due to the downturn in the housing market, not all units were sold and some are now being offered for lease.  Portofino Condos at Jensen Beach July 2015 Market Update features 1, 2 and 3 bedroom units with separate garage parking as an added purchase when available.  Unit sizes are 802 sq. ft. for the 1 Bedroom 1 bath, 1074 sq. ft. for the 2 Bedroom 2 bath, and 1252 sq. ft. for the 3 Bedroom 2 bath.

The Condo Owners Association fees range from $190 to $315 per month depending on unit size and for garage owners, there’s an additional $20 per month charge.  Fees include the extensive grounds and gated entry as well as the amenities, which include a large community pool, heated whirlpool, state of the art fitness center, indoor racquetball court, tennis court, playground and a private clubhouse with a full kitchen.

All ages are welcome in Portofino Condos at Jensen Beach.   Children attend Martin County’s highly rated school system, currently at Jensen Beach elementary school, Stuart middle school and Jensen Beach high school.  Portofino Condos is close to the Treasure Coast mall as well as numerous shops and restaurants, medical facilities and only a few minutes to the waterways of Martin County and the beaches of Hutchinson Island.

For information about sales or rentals of Portofino Condos in Jensen Beach, please call the Gabe Sanders real estate team at 772-323-6996 or contact us here.

 

Jensen Beach Florida Real Estate

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Portofino Condos at Jensen Beach July 2015 Market Update

May 2015 Monthly Market Detail Martin County Single Family Homes

06.25.15 by

May 2015 Monthly Market Detail Martin County Single Family Homes

The May 2015 Monthly Market Detail Martin County Single Family Homes is starting to show the effects of the rapid price increases and reduced inventory.  Year to year closed sales were down by 2.6% (was up 24.7% in April). New pending sales increased by 1.1% as compared to May of 2014 (increased by 23% in April).

The median sales price was down by 1.1% from last year (up by 5.1% in April) while the average price increased by 13% (was up by 14.9% last month).  Beginning to show some weaknesss in what has been an exceptionally strong rate of price increases for the past two years.

The inventory of available single family homes decreased from April 2015 by 173 homes to 1087 units this month, and this is also a 23.5% decrease from last May.  Current supply of inventory decreased to 4.8 months from April’s 5.6 months supply. (A 35.6% decrease from last year). The Martin County single family real estate market is back into a sellers market, though there are some major issues showing of late.  Primarily the lack of inventory of available homes for sale.

May 2015 Monthly Market Detail Martin County Single Family Homes

Click here to view or download the full report:
May 2015 Monthly Market Detail Martin 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.

May 2015 Monthly Market Detail Martin County Single Family Homes

April 2015 Monthly Market Detail Martin County Single Family Homes

05.28.15 by

April 2015 Monthly Market Detail Martin County Single Family Homes

The April 2015 Monthly Market Detail Martin County Single Family Homes continues to outperform the Florida statewide market activity with very strong gains, though somewhat of a more moderate pace from last month.  Year to year closed sales was up by 24.7% (was up 41.6% in March). New pending sales increased by 23% as compared to April of 2014 (increased by 35.8% in March).

The median sales price was up by 5.1% from last year (up by 3.6% in March) while the average price increased by 14.9% (was up by 33.3% last month).  Continuing with some very strong gains in prices for the year.

The inventory of available single family homes decreased from March 2015 by 82 homes to 1260 units this month, and this is also a 9.9% decrease from last April.  Current supply of inventory decreased to 5.6  months from March’s 6.1 months supply. (A 9.9% decrease from last year). Martin County single family home sales have again entered a sellers’ market.  A balance market favoring neither the buyer and sellers is recognized as one with a 6 month inventory of supply.

April 2015 Monthly Market Detail Martin County Single Family Homes

Click here to view or download the full report:
April 2015 Monthly Market Detail Martin 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.

April 2015 Monthly Market Detail Martin County Single Family Homes

May 2015 Market Update for Island Dunes Condos on Hutchinson Island

05.07.15 by

 May 2015 Market Update for Island Dunes Condos on Hutchinson Island

May 2015 Market Update for Island Dunes Condos on Hutchinson Island in Jensen Beach, FL

There are currently 16 active listings on the market in Island Dunes at prices ranging from $168,900 to$725,000 for an average list price of $397,525 which equals $258.70 per square ft. of living area.

There are 5 condos under contract awaiting closing listed from $164,900 to 759,000 at an average list price of $410,960 which is a per square ft. of living area price of $236.32

In the past 12 months, 34 condos have sold ranging in sales prices from $138,000 to $769,000 with an average sales price of $384,588 which equals $233.38per square foot of living area.  These sales averaged 95% of the final listing prices.

Island Dunes

Located on the unspoiled Barrier Island of Hutchinson Island in Jensen Beach, Florida in Saint Lucie County is a complex of five separate condominium buildings with a common thread.  All of these units belong to the Island Dunes Country Club.  This unique arrangement offers golf, tennis and a deep water marina, just steps from your condo without having to travel to the mainland. The five buildings from North to South are the Island Dunes Oceanside I & II, the Admiral, the Regency Island Dunes and the Regency Island Dunes Two.  All of these buildings are Oceanside affording easy access to the crystal clear blue waters of the Atlantic Ocean.  There’s a wide variety of condos available ranging from 1 Bedroom to spectacular 3 Bedroom Penthouse suites.

 Island Dunes

The Island Dunes Country Club offers a challenging nine hole golf course golf course on the on the banks of the wide Indian River,  championship tennis club , a pro shop, a deep water marina and one of the fine dining in the onsite restaurant area which is open to the public.

 Island Dunes

 Search for all May 2015 Market Update for Island Dunes Condos on Hutchinson Island in Stuart Florida


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May 2015 Market Update for Island Dunes Condos on Hutchinson Island

 

May 2015 Market Update for Ocean House in Indian River Plantation

05.06.15 by

May 2015 Market Update for Ocean House in Indian River Plantation

May 2015 Market Update for Ocean House Condos in Indian River Plantation, Hutchinson Island in Stuart, FL

Currently there are 2 active listing on the market in Ocean House with list prices of $469,000 and $499,900 which equates to $399.90 per square ft. of living area.

There is 1 condo under contract awaiting settlement.  It was listed for $899,000 or $597.34 per sq. ft. of living area.

In the past 12 months, there have been no sales of any condos in Ocean House.

Ocean House in Indian River Plantation

One of the newest buildings in Indian River Plantation, Ocean House, is also the most magnificent.  Consisting of 79 Luxury Condo units of either 2 or 3 spacious bedrooms with amenities galore.  All suites have Ocean views, even the first floor units, which are in actuality the equivalent of being on the third floor as there are two parking levels for residents to enjoy covered parking.

Ocean House in Indian River Plantation

Ocean House has a newly renovated club house area featuring an updated kitchen with granite counter tops and stainless steel appliances.  Two flat screen televisions and free wi-fi for those that need connectivity.

Ocean House in Indian River Plantation

A heated pool and lanai area that’s perfect for lounging close to the beach, or walk down your private access to enjoy the crystal blue waters of your private Atlantic ocean beach.

Ocean House in Indian River Plantation

Barbecue area with a Tiki Hut for those nights that you want to eat out under the stars.

The Marriott Resort at Indian River Plantation Features:

Ocean House in Indian River Plantation

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

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

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

A newly remodeled lobby with sweeping draperies, plantation-style wood furnishings and tropical tones sets the stage for a magical golf getaway. This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.

Ocean House in Indian River Plantation

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

This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.

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

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

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

May 2015 Market Update for Ocean House in Indian River Plantation

Hutchinson Island Condos For Sale

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March 2015 Monthly Market Detail Martin County Single Family Homes

04.28.15 by

March 2015 Monthly Market Detail Martin County Single Family Homes

The March 2015 Monthly Market Detail Martin County Single Family Homes began the year with some very strong activity, and for March, it is showing continued very strong growth.  Year to year closed sales was up by 41.6% (was up 46.6% in February). New pending sales increased by 35.8% as compared to March of 2014 (increased by 31.9% in February).

The median sales price was up by 3.6% from last year (up by 6.9% in February) while the average price increased by 33.3% (was down by 16.2% last month).  Surprisingly strong increase in the average price after a setback last month.

The inventory of available single family homes decreased from February 2015 by 26 homes to 1,368 units this month, and this is a 4.5% decrease from last March.  Current supply of inventory decreased to 6.1  months from February’s 6.3 months supply. (A 19.8% decrease from last year). Martin County single family home sales remain in a balanced market favoring neither the buyer nor seller.

Martin County Single Family Homes

Click here to view or download the full report:
March 2015 Monthly Market Detail Martin 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.

March 2015 Monthly Market Detail Martin County Single Family Homes

Fairwinds Cove Condos in Jensen Beach April 2015 Market Update

04.23.15 by

Fairwinds Cove Condos in Jensen Beach April 2015 Market Update

Fairwinds Cove Condos in Jensen Beach, FL., Market Update for April 2015:


There are currently 3 active listings on the market ranging in price from $179,000 to $189,995 for an average of $186,997 which comes out to $154.42 per square ft. of living area.  None of these sales are distressed properties (short sales or bank owned condos).

There are 2 condos currently under contract at this time.  The list prices are $169,900 and $172,000 for an average of $170,950 and $140.30 per sq. ft. of living area.  One of these sales is a short sale.

In the past 12 months, 9 condos have sold ranging in sales prices from $155,000 to $475,000 with an average sales price of $218,555 which is $154.83 per square foot and a list to sales price ratio of 95%.   There were no distressed sales in these closed sales.  The highest priced sale was a combined double unit.

Fairwinds Cove Condos in Jensen Beach

Aerial View of Fairwinds Cove

Fairwinds Cove Condos in Jensen Beach

Entrance to Fairwinds Cove

Located in beautiful Jensen Beach, Florida on the East side of the Jensen Beach Causeway is Fairwinds Cove.  A waterfront condo complex of 10 four story buildings with only 4 suites per floor.  Many of these condos with wonderful sweeping views of the Indian River (the Intracoastal Waterway that runs through Martin County).
Fairwinds Cove Condos in Jensen Beach

Pool at Fairwinds Cove

Fairwinds Cove Condos in Jensen Beach

Docks of Fairwinds Cove

This condo complex built in multiple phases from 1974 to 1983 boasts two swimming pools, tennis courts, shuffleboard, waterside walking paths, a recently refurbished clubhouse with full kitchen, meeting room, fitness room, billiards and more.  Fairwinds Cove also has deeded docks with great access to fishing, water sports and only a few minutes to the crystal clear waters of the Atlantic Ocean.

Fairwinds Cove Condos in Jensen Beach

Fairwinds Cove

Fairwinds Cove is a non-age restricted community that allows one small pet.  There is a strong sense of community with many long time seasonal and full time residents.  Located within an easy walk to the beach and just a short drive to charming downtown Jensen Beach  as well as the many amenities offered in Martin County, Florida.

Fairwinds Cove Condos in Jensen Beach

Fitness Room of Fairwinds Cove

Sewalls Landing April 2015 Market Update

04.03.15 by

Sewalls Landing April 2015 Market Update

As of April 2015, there are three homes available for sale in Sewalls Landing with prices from $515,000 to $819,000 for an average price per sq. ft. of $249.41

There are two homes under contract which have not yet closed.  List prices were $425,000 and $515,000 for an average list price of $206.34 per sq. ft. of living area.

In the past 12 months, 4 Sewalls Landing homes have sold.  Sales prices ranged from $435,000 to $572,000 for an average sales price of $482,500 which equals $214.45 per sq. ft. of living area. These sales averaged for 94% of list price.

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 Landing April 2015 Market Update

February 2015 Monthly Market Detail Martin County Single Family Homes

03.28.15 by

February 2015 Monthly Market Detail Martin County Single Family Homes

The February 2015 Monthly Market Detail Martin County Single Family Homes began the year with some very strong activity, and for the second month is showing even stronger results.  Year to year closed sales was up by 46.6% (was up 18.8% in January). New pending sales increased by 31.9% as compared to February of 2014 (increased by 44.3% in January).

The median sales price was up by 6.9% from last year (down by 2.1% in January) while the average price decreased by 16.2% (was up by 31% last month).  Some moderating in the rate of price increases has been expected since the rates of increases for the past two years has been at an unsustainable rate.

The inventory of available single family homes increased from January 2015 by 55 homes to 1,368 units this month, and this is a 1.3% increase from last February.  Current supply of inventory increased slightly to 6.3  months from January’s 6.2 months supply. (An 11.1% decrease from last year). Martin County single family home sales remain in a balanced market favoring neither the buyer nor seller.

February 2015 Monthly Market Detail Martin County Single Family Homes

Click here to view or download the full report:
February 2015 Monthly Market Detail Martin 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 2015 Monthly Market Detail Martin County Single Family Homes

Lake Grove March 2015 Market Update

03.25.15 by

Lake Grove March 2015 Market Update

There are currently 3 homes for sale in Lake Grove of Palm City, FL. List prices range from $440,000 to 575,000. The average list price equals $514,966 which is $179.09 per sq. ft. of living area. There aren’t any  distressed sales in these listings.

1 home is under contract and awaiting sale. The list price is $595,000 which equals $187.28 per sq. ft. of living area.

In the past 12 months, 2 homes have sold in the Cobblestone Country Club. Sale prices were $423,500 and $537,000 and the average sale price equaled $480,250 or $164.75 per sq. ft. of living area at a list to sales ratio of 97%.  Neither of these two homes were in distressed sales situations.

 

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 2015, 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

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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 2015 Market Update

January 2015 Monthly Market Detail Martin County Single Family Homes

02.27.15 by

January 2015 Monthly Market Detail Martin County Single Family Homes

The January 2015 Monthly Market Detail Martin County Single Family Homes began the year with some very strong activity, bucking the trend for much of the rest of the State.  Year to year closed sales was up by 18.8% (was down 8.6% in December). New pending sales increased by 44.3% as compared to January of 2014 (increased by 13.7% in December).

The median sales price was down by 2.1% from last year (down by 5.9% in December) while the average price increased by an impressive 31% (was up by 29% last month).  Two months in a row of impressive average price increases while median prices decreased.  An indication of some higher priced sales.

The inventory of available single family homes increased from December 2014 by 28 homes to 1,1313 units this month, and is a 3.7% increase from last January.  Current supply of inventory remained at 6.2 months. (a 6.8% decrease from last year). Martin County single family home sales remain in a balanced market favoring neither the buyer nor seller.  Activity was very robust for a January, when typically sales are slightly off.

Martin County Single Family Homes

Click here to view or download the full report:
January 2015 Monthly Market Detail Martin 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.

January 2015 Monthly Market Detail Martin County Single Family Homes

Foxwood Stuart FL February 2015 Market Update

02.04.15 by

Foxwood Stuart FL February 2015 Market Update

 As of Feb 2015, there are two homes on the market in the Foxwood equestrian community in Stuart, FL.  The list prices are $449,900 and $549,900 for an average of $499,900 and this equals $178.74 per sq. ft. of living area.  Both of these are conventional sales.

There are no pending sales awaiting settlement at this time.

In the past 12 months there were three sales in this western Stuart community.  Sales prices ranged from $360,000 to $435,000 for an average of $398.666 which equals $146.39 per sq. ft. of living area.  These sales averaged a 94% list to sales ratio and none of these homes were in a distressed sales situation.

Foxwood is located just west of I-95 on Pratt and Whitney road in Western Stuart Florida.  It consists of 109 home sites that are all 2 acres or larger.  Horses are permitted with a zoning of one horse per acre.   Foxwood was designed with Florida’s natural environment in mind.  Every Foxwood home is custom built with the residents encouraged to keep some natural habitat in place.  Recently, a rare Florida Panther was seen going through Foxwood.

Foxwood in Stuart Florida

Association fees are a very reasonable $450 per year.  These fees cover maintenance of the private roads, sanitation and management fees.  More information about the Foxwood Property Association can be found at this community’s property association web site: Foxwood Property Association of Stuart Florida

Foxwood Stuart FL

Construction of homes in Foxwood began in 1978.  Four phase of development ended with the last phase commencing in 1990.  Most lots have been developed with just a handful of vacant lots left of which currently none are available for sale (as of this writing).

Foxwood Stuart FL

Foxwood is located less than a mile from the ‘A’ Rated South Fork High School with easy access to Palm Beach County and only 15 minutes to downtown Stuart and the pristine beaches of Martin County.

A perfect place to call home for those who desire some room to roam yet be close to shopping, restaurants and other urban areas.

Currently Available Homes in Foxwood

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For more information about this and other Martin County communities contact:
Gabe Sanders

Stuart Florida Real Estate

Residential Homes, Condos and Land with special emphasis on Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Foxwood in Martin County Florida

Whispering Sound Palm City February 2015 Market Update

02.03.15 by

Whispering Sound Palm City February 2015 Market Update

 

There are 8 active listings in Whispering Sound in Feb of 2015 with list prices from $167,500 to $198,000 for an average of $178,525 which equals $115.41 per sq. ft. of living area.  There is one bank owned foreclosure in this set of active listings.

There are 4 pending sales with list prices from $165,000 to $194,900, at an average list price of $181,200 which equals $113.80 per sq. ft. living area.  All four of these are conventional sales (No foreclosures or short sales).

In the past 12 months, 13 homes have sold in this Martin County gated community. Sales prices ranged from $150,000 to $190,000 or an average sales price of $174,019 which equals $110.43 per sq. ft. of living area.  These 13 sales averages 96% list to sales price ratio.  There was one short sale and one bank owned foreclosure in these sales.

Whispering Sound Palm City

Whispering Sound is a gated age restricted community (55+) in Palm City FL.  An excellent location just west of the new Veteran’ Memorial Bridge on Martin Highway (State Road 714) making downtown Stuart a short ride as well as easy access to Florida’s Turnpike and I-95.  Lots of shopping, restaurants and medical facilities are also very close to Whispering Sound.

Whispering Sound Homes for Sale in Palm City FL

This attractive community has 228 villas that were built from 1991 to 1998.  These villas all come with either a two car or one car garage.  Sizes range from just under 1,800 sq. ft. of living area to 1.449 sq. ft.  Interiors range from 2 Bedroom and 2 Baths to 3 Bedroom 2 Bath homes.

Whispering Sound Homes for Sale in Palm City FL

As of this writing (Feb 2015) the Home Owners’ Association (HOA) fees are approximately $250 per month, payable quarterly.

Clubhouse of Whispering Sound Homes for Sale in Palm City FL

This active 55+ community boasts of an active club house with heated swimming pool, spa, tennis courts and shuffleboard along with many activities that will keep the most active residents happily occupied throughout the year.

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Whispering Sound Palm City February 2015 Market Update