Martin County Single Family Homes June 2023 Market Report

07.22.23 by

Martin County Single Family Homes June 2023 Market Report

The Martin County Single Family Homes Market Report showed slightly better-closed activity than last year. We are still encountering headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were up by 4.3% from last year (they were down by 4.2% in May). At the same time, new pending sales increased by 5.7% compared to last year (which decreased by 5.1% last month).

Prices were mostly flat or lower for June with little changes from last year.  The median sales price increased from last year by 1.4% (up by 8.1% in May) while the average sales price decreased by 10.1% (up by 3.1% last month).

The inventory of available single-family homes rose by 4 homes to 467. This is an 8.9% greater inventory than last June.  The current supply of homes is 2.9 months.  For June of last year, it was 2.2 months of supply.  We are still in a seller’s market for Martin County single-family home sales, but trending towards a more balanced market.  A balanced market favoring neither buyers nor sellers is considered a 6 to 7-month supply of inventory.

Please click on the image or link below to download the full Florida single-family real estate market report.

Martin County Single Family Homes June 2023 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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 Single Family Homes June 2023 Market Report

Martin County Single Family Homes May 2023 Market Report

06.24.23 by

Martin County Single Family Homes May 2023 Market Report

The Martin County Single Family Homes Market Report showed slightly slower closed activity than last year. We are still encountering headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 4.2% from last year (they were up by 3.6% in April). At the same time, new pending sales decreased by 5.1% compared to last year (which increased by 8.4% last month).

Prices were up for May.  The median sales price increased from last year by 8.1% (down by 8.0% in April) while the average sales price increased by 3.1% (up by 14.4% last month).

The inventory of available single-family homes remained unchanged at 463. This is a 35.8% greater inventory than last May.  The current supply of homes is 2.9 months.  For May of last year, it was 1.7 months of supply.  We are still in a seller’s market for Martin County single-family home sales, but trending towards a more balanced market.  A balanced market favoring neither buyers nor sellers is considered a 6 to 7-month supply of inventory.

Martin County Single Family Homes May 2023 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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 Single Family Homes May 2023 Market Report

Sunset Trace Real Estate Market Report June 2023

06.06.23 by

Sunset Trace Real Estate Market Report June 2023

As of June 2023, there are 6 Sunset Trace homes for sale in Palm City FL.  The list prices range from $249,900 up to $289,000. This equals an average list price of $330,680 which is $254.06 per sq. ft. of living area.

There are 7 Sunset Trace homes currently under contract.  The list prices ranged from $259,000 up to $380,000.  This works out to an average list price of $303,257 which equals $237.42 per sq. ft. of living area.  These homes were on the market for an average of 60 days prior to going under contract.

In the past 12 months, 39 Sunset Trace homes have sold.  Sales prices ranged from a low of $215,000 up to $372,000.  This equals an average sales price of $293,136 or $223.17 per sq. ft. of living area.  These homes sold for an average of 99% of the list price. And, they were on the market for an average of 23 days before going under contract.

Click here to view the previous Sunset Trace market report!

About Sunset Trace in Palm City FL:

Sunset Trace at Martin Downs in Palm City Florida
Google Earth image
Sunset Trace homes for sale:

Just across the street from the Martin Downs Golf Club lies the gated community of Sunset Trace in Palm City, FL.  Conveniently located close to Florida’s Turnpike as well as shopping, restaurants and medical facilities.  Only a 15-minute ride to the pristine waters of the Atlantic Ocean and the numerous waterways and boating facilities available in Martin County, FL.

Sunset Trace at Martin Downs in Palm City Florida
Google Earth image

Sunset Trace is a DiVosta community of approximately 500 residences.  There are four types of homes in this community.   DiVosta quad townhomes feature 2 Bedrooms and 2 and ½ bathrooms with 1,236 sq. ft. of living area.  Stamford models, also four townhomes to a building featuring 2 Bedrooms and 2 and ½ bathrooms with 1,1374 sq. ft. of living area.  Wellesley models have 3 Bedrooms and 2 Bathrooms in 1,295 sq. ft. and finally, the Villas in Sunset Trace offer attached single-family homes with 3 Bedrooms, 2 and ½ baths and a one-car garage in 1346 square feet of living area.

Recently sold Sunset Trave homes:

Sunset Trace was developed and built from 1984 to 1988.  It features two community pools, three tennis courts, an outdoor racquet and/or handball courts and a full-size basketball court.  There’s a playground for the little ones as well.  This is a lushly landscaped community with a number of lakes and ponds on the grounds making for some great water views.

Sunset Trace at Martin Downs in Palm City Florida
Sunset Trace real estate in Palm City FL
Sunset Trace Townhouse

All ages are welcome in Sunset Trace. Children attend Citrus Grove Elementary School, Hidden Oaks Middle School, and Martin County High School.  The HOA fees run $305 per month, but include exterior and hurricane insurance, basic cable TV, Lawn and Landscaping, pest control and security.  Making life in Sunset Trace easy and carefree.

Sunset Trace Townhouse
Sunset Trace in Palm City FL

Search here for Sunset Trace 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.

Sunset Trace Real Estate Market Report June 2023

Island Dunes Real Estate Market Report May 2023

05.28.23 by

Island Dunes Real Estate Market Report May 2023

May 2023 Market Report for Island Dunes Condos on Hutchinson Island in Jensen Beach, FL

There are 7 condos currently on the market in all the Island Dunes condo buildings. The list prices range from $449,000 up to $1,275,000. This is an average list price of $801,643 which is $526.78 per square foot of living area.

There are 7 Island Dunes condos under contract at this time. The list prices ranged from $399,900 up to $1,275,000. This is an average list price of $800,414 which works out to $475.64 per square foot of living area. These condos averaged 64 days on the market before going under contract.

In the past 12 months, 25 Island Dunes condos have sold. The sales prices ranged from $365,000 up to $1,500,000.  This works out to an average sales price of $829,400 or $509.80 per square foot of living area.  These sales averaged 97% of the final list price. And, they averaged 44 days on the market before going under contract.

Click here to view the previous Island Dunes market report!

About the Island Dunes Condos on Hutchinson Island:

Island Dunes condo real estate on Hutchinson Island in Jensen Beach Florida
Google Earth image

Island Dunes condos for sale:

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.

Island Dunes condos on Hutchinson Island in Jensen Beach Florida
Google Earth image

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.

Recently sold Island Dunes condos:

The Island Dunes Country Club offers a challenging nine-hole golf course on the banks of the wide Indian River, a 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 condo real estate on Hutchinson Island in Jensen Beach Florida

 Search for all Island Dunes Condos on Hutchinson Island in Stuart Florida

Search for Island Dunes condo real estate on Hutchinson Island in Jensen Beach FL

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.

Island Dunes Real Estate Market Report May 2023

Martin County Single Family Homes April 2023 Market Report

05.20.23 by

Martin County Single Family Homes April 2023 Market Report

The Martin County Single Family Homes Market Report continues to buck the trend with improved sales activity for the second month in a row. But, we are still encountering headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were up by 3.6% from last year (they were up by 12.5% in March). At the same time, new pending sales increased by 8.4% compared to last year (which increased by 14.4% last month).

Prices were mixed for April.  The median sales price decreased from last year by 8.0% (up by 6.1% in March) while the average sales price increased by 14.4% (up by 26.0% last month).

The inventory of available single-family homes decreased by 26 units from last month to 463. This is a 72.8% greater inventory than last April.  The current supply of homes is 2.9 months.  For April of last year, it was 1.3 months of supply.  We are still in a seller’s market for Martin County single-family home sales, but trending towards a more balanced market.  A balanced market favoring neither buyers nor sellers is considered a 6 to 7-month supply of inventory.

Martin County Single Family Homes April 2023 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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 Single Family Homes April 2023 Market Report

Martin County Single Family Homes March 2023 Market Report

04.23.23 by

Martin County Single Family Homes March 2023 Market Report

The Martin County Single Family Homes Market Report had stronger closed activity for the first time in months. But, we are still encountering headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were up by 12.5% from last year (they were down by 27.1% in February). At the same time, new pending sales increased by 14.4% compared to last year (which increased by 3.6% last month).

Prices were up for March.  The median sales price increased from last year by 6.1% (up by 3.3% in February) while the average sales price increased by 26.0% (down by 10.3% last month).

The inventory of available single-family homes decreased by 26 units from last month to 489. This is a 119.3% greater inventory than last March.  The current supply of homes is 3.1 months.  For March of last year, it was 1.0 months of supply.  We are still in a seller’s market for Martin County single-family home sales, but trending towards a more balanced market.  A balanced market favoring neither buyers nor sellers is considered a 6 to 7-month supply of inventory.

Martin County Single Family Homes March 2023 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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 Single Family Homes March 2023 Market Report

Fairwinds Cove Real Estate Market Report April 2023

04.18.23 by

Fairwinds Cove Real Estate Market Report April 2023

There are 3 condos currently available for sale in Fairwinds Cove on Hutchinson Island in Jensen Beach Florida. The list prices range from $329,000 up to $415,000. This is an average list price of $364,633 which works out to $321.36 per square foot of living area.

There are also 3 Fairwinds Cove condos currently under contract. They were listed from $369,900 up to $399,900. This equals an average list price of $386,267 or $339.92 per square foot of living area.  These condos were on the market for an average of 92 days before going under contract.

In the past 12 months, 8 Fairwinds Cove condos have sold.  Sales prices ranged from $337,000 up to $460,000.  This works out to an average sales price of $394,500 which equals $338.44 per square foot of living area.  These condos sold for an average of 96% of the list price. And, they were on the market for an average of 58 days before going under contract.

Click here for the previous Fairwinds Cove market report!

About Fairwinds Cove in Jensen Beach FL:

Fairwinds Cove real estate on Hutchinson Island in Jensen Beach Florida
Google Earth image

Fairwinds Cove condos for sale:

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 real estate on Hutchinson Island in Jensen Beach Florida
Google Earth image

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 a full kitchen, meeting room, fitness room, billiards and more.

Recent Fairwinds Cove sales:

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 real estate on Hutchinson Island in Jensen Beach Florida

Search for Fairwinds Cove Condos in Jensen Beach

Fairwinds Cove real estate on Hutchinson Island in Jensen Beach FL

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.

Fairwinds Cove Real Estate Market Report April 2023

Martin County Single Family Homes February 2023 Market Report

03.23.23 by

Martin County Single Family Homes February 2023 Market Report

The Martin County Single Family Homes Market Report continues to show weaker sales activity when compared to last year though there are some signs of a slow turnaround. The inventory numbers are growing, but we are facing headwinds with increasing mortgage rates and other economic uncertainties. Closed sales were down by 27.1% from last year (they were down by 20.4% in January). At the same time, new pending sales increased by 3.6% compared to last year (which decreased by 15.6% last month).

Prices were mixed for February.  The median sales price increased from last year by 3.3% (up by 9.7% in January) while the average sales price decreased by 10.3% (down by 36.7% last month).

The inventory of available single-family homes decreased by 15 units from last month to 515. This is a 189.3% greater inventory than last February.  The current supply of homes is 3.3 months.  For February of last year, it was 0.8 months of supply.  We are still in a seller’s market for Martin County single-family home sales, but trending towards a more balanced market.  A balanced market favoring neither buyers nor sellers is considered a 6 to 7-month supply of inventory.

Martin County Single Family Homes February 2023 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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 Single Family Homes February 2023 Market Report

Foxwood Real Estate Market Report February 2023

02.27.23 by

Foxwood Real Estate Market Report February 2023

For February 2023, there are no homes listed for sale in the Foxwood community in Stuart FL.

There are also no Foxwood homes currently under contract.

In the past 12 months, 4 homes have sold in this much sought-after Stuart community.  Sales prices ranged from $815,000 up to $989,000.  This works out to an average sales price of $872,250 which equals $292.12 per sq. ft. of living area.  These sales took an average of 39 days on the market before going under contract. And, they sold for an average of 97% of the list price.

Click here to view the previous Foxwood market report!

About Foxwood Equestrian Community in Stuart FL:

Foxwood Real Estate in Stuart Florida
Foxwood homes for sale:

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.  Equestrian owners can enjoy having horses on their property with a zoning of one horse per acre.   Foxwood was designed with Florida’s natural environment in mind.  Interestingly, every Foxwood home is custom built with the residents encouraged to keep some natural habitat in place. 

Foxwood Real Estate in Stuart Florida

Association fees are a very reasonable $35 per month.  These fees cover maintenance of the private roads, sanitation and management fees.  You can find more information about the Foxwood Property Association can be found at this community’s property association website: Foxwood Property Association of Stuart Florida

Construction of homes in Foxwood began in 1978.  Four phases 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).

Recently sold in Foxwood:

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.

Foxwood Real Estate in Stuart Florida

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

Foxwood home search

Images courtesy of Google Earth

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.

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 Real Estate Market Report February 2023

Whispering Sound Real Estate Market Report February 2023

02.26.23 by

Whispering Sound Real Estate Market Report February 2023

 As of February 2023, there are 2 homes available for sale in Whispering Sound in Palm City, FL.  These homes are listed for $335,000 and $389,000. This is an average list price of $362,000 which equals $237.99 per sq. ft. of living area.

There are also 2 Whispering Sound homes currently under contract.  The list prices were both $349,900 which is $213.10 per sq. ft. of living area.  These homes were on the market for an average of 94 days before going under contract.

In the past 12 months, 17 Whispering Sound homes have sold. Sales prices ranged from a low of $315,000 up to a high of $395,000.  This works out to an average sales price of $363,765 which equals $229.31 per sq. ft. of living area.  These sales prices averaged 100% of the list price. And, they went under contract in an average of 29 days after going on the market.

Click here to view the previous Whispering Sound market report!

About Whispering Sound in Palm City FL:

Whispering Sound in Palm City FL
Image courtesy of Google Earth

View Whispering Sound homes for sale:

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 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.

Recent Whispering Sound sales:

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

Whispering Sound in Palm City FL
Whispering Sound in Palm City FL

Search for all Whispering Sound Homes for Sale in Palm City FL

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.

Palm City Real Estate is presented by:
the Gabe Sanders realty team

Whispering Sound Real Estate Market Report February 2023

Martin County Single Family Homes January 2023 Market Report

02.23.23 by

Martin County Single Family Homes January 2023 Market Report

The Martin County Single Family Homes Market Report continues to show weaker sales activity when compared to last year. The inventory numbers are growing, but we are facing headwinds with increasing mortgage rates. Closed sales were down by 20.4% from last year (they were down by 37.6% in December). At the same time, new pending sales decreased by 15.6% compared to last year (which decreased by 31.8% last month).

Prices were mixed for the month of January with a considerable drop in the average sales price.  The median sales price increased from last year by 9.7% (down by 3.4% in December) while the average sales price decreased by 36.7% (down by 18.8% last month).

The inventory of available single-family homes increased by 31 units from last month to 530. This is a 248.7% greater inventory than last January.  The current supply of homes is 3.3 months.  For January of last year, it was 0.7 months of supply.  We are still in a seller’s market for Martin County single-family home sales, but trending towards a more balanced market.  A balanced market favoring neither buyers nor sellers is considered a 6 to 7 month supply of inventory.

Martin County Single Family Homes January 2023 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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 Single Family Homes January 2023 Market Report

Martin County Single Family Homes December 2022 Market Report

02.03.23 by

Martin County Single Family Homes December 2022 Market Report

The Martin County Single Family Homes Market Report continues to show weaker sales activity when compared to last year. The inventory numbers are growing, but we are facing headwinds with increasing mortgage rates. Prices have dropped for the last two months which may be an indication for future increased sales activity. Closed sales were down by 37.6% from last year (they were down by 45.4% in November). At the same time, new pending sales decreased by 31.8% compared to last year (which decreased by 36.7% last month).

Year-to-year prices were down for the month of December.  The median sales price decreased from last year by 3.4% (down by 4.0% in November) while the average sales price decreased by 18.8% (down by 7.0% last month).

The inventory of available single-family homes decreased by 21 units from last month to 499. This is a 185.1% greater inventory than last December.  The current supply of homes is 3.1 months.  For December of last year, it was 0.8 months of supply.  We remain in a seller’s market for Martin County single-family home sales.  A balanced market favoring neither buyers nor sellers is considered a 6 to 7 month supply of inventory.

Martin County Single Family Homes December 2022 Market Report
Click here to download the full report

Click here to view the previous Martin County single-family homes market reports

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 Single Family Homes December 2022 Market Report

St Lucie County Townhouses and Condos Sales 2022 Yearly Review

01.25.23 by

St Lucie County Townhouses and Condos Sales 2022 Yearly Review

The St Lucie County Townhouses and Condos Sales for 2022 is now showing the turnaround the real estate market has experienced with prices that rose too rapidly, increasing mortgage rates, and worries about an upcoming recession. Year-to-year closed sales were down by 27.3% as compared to 2021 which saw an increase of 20.5% and new sales under contract (new pending sales) decreased by 28.7% (2021 saw an increase of 14.0%).

St Lucie County Townhouses and Condos Sales 2022 Yearly Review
Click the image for the full report

Prices, though, were up when compared to last year. The median sales price increased by 19.1% compared to the 9.3% rise last year. The average sales price was up by 20.0% as compared to the 16.2% increase in 2021.

Inventory increased by 99.3% as compared to 2021’s decrease of 54.2%. At the same time, the monthly supply of inventory rose to 3.0 months as compared to 1.1 months for 2021.  Remaining a seller’s market for Saint Lucie County townhouses and condos for the time being.

 To view the full report click on the graphic above or the link below:
St Lucie County Townhouse and Condo Sales for 2022

View previous St Lucie County Yearly Reviews Here!

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 Sales 2022 Yearly Review

St Lucie County Single Family Home Sales 2022 Yearly Review

01.24.23 by

St Lucie County Single Family Home Sales 2022 Yearly Review

The St Lucie County Single Family Home Sales for 2022 as reported by Florida Realtors is now showing the turnaround the real estate market has experienced with prices that rose too rapidly, increasing mortgage rates, and worries about an upcoming recession. Year-to-year closed sales were down by 10.0% (were up by 14.6% in 2021) and new sales under contract (new pending sales) decreased by 18.0% (were up by 8.9% in 2021).

St Lucie County Single Family Home Sales 2022 Yearly Review
Click on the image for the full report

Both median and average sales prices were up for 2022 by 23.6% and 20.5% respectively.   These numbers were 23.0% and 26.3% respectively in 2021.

The inventory of available homes for sale increased by 170.7% from 2021 (When there was a 32.9% decrease).  While the monthly supply of homes increased to 3.1 months from 1.0 months in 2021.  Remaining in a seller’s market for Saint Lucie County for the time being.

To view the full report click on the graphic above or the link below:
St Lucie County 2022 Single Family Home Sales

View previous St Lucie County Yearly Reviews Here!

To view the complete 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 Home Sales 2022 Yearly Review

Martin County Townhouses and Condos Sales 2022 Yearly Review

01.23.23 by

Martin County Townhouses and Condos Sales 2022 Yearly Review

The Martin County Townhouses and Condos Sales for 2022 is now showing the turnaround the real estate market has experienced with prices that rose too rapidly, increasing mortgage rates, and worries about an upcoming recession. Year-to-year closed sales were down by 20.8% as compared to 2021 which were up by 14.3% and new sales under contract (new pending sales) decreased by 25.9% (2021 saw an increase of 15.1%).

Martin County Townhouses and Condos Sales 2022 Yearly Review
Click on the image to view the full report

Both median and average sales prices were up (year to year) by 31.5% and 18.3% respectively (2021 numbers were 18.3% and 27.1%).  Stronger than the increases of the previous year.

Inventory increased by 282.9% as compared to 2021’s decrease of 73.4%. And the supply of inventory rose to 3.2 months as compared to 0.7 months for 2021.  Still a seller’s market for Martin County townhouses and condos.

 To view the full report click on the graphic above or the link below:
Martin County Townhouse and Condo Sales 2022 Yearly Review

Here are the previous Martin County yearly reviews!

To view the latest 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 Single Family Home Sales 2022 Yearly Review

01.22.23 by

Martin County Single Family Home Sales 2022 Yearly Review

The Martin County Single Family Home Sales for 2022 as reported by Florida Realtors is now showing the turnaround the real estate market has experienced with prices that rose too rapidly, increasing mortgage rates, and worries about an upcoming recession. Year-to-year closed sales were down by 30.1% (were up by 5.4% in 2021) and new sales under contract (new pending sales) decreased by 30.3% (was down by 1.9% in 2021).

Martin County Single Family Home Sales 2022 Yearly Review
Click on the image for the full report

Both median and average sales prices continued to rise (2021 to 2022) by 17.8% and 7.2% respectively.  This rate while positive is not as high as last year which was 19.9% and 35.9% respectively in 2021.

The inventory of available homes for sale rose by 185.1% from 2021.  While the monthly supply of homes increased to 3.1 months. Still a seller’s market.  Typically a 6-month inventory indicates a balanced market where neither the seller nor the buyer has an advantage.

To view the full report click on the graphic above or the link below:
Martin County Single Family Home Sales 2022 Yearly Review

Click here to view previous Martin County yearly reviews!

To view the complete 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 Single Family Home Sales 2022 Yearly Review

Florida Townhouses and Condos Sales 2022 Yearly Review

01.21.23 by

Florida Townhouses and Condos Sales 2022 Yearly Review

The Florida Townhouses and Condos Sales for 2022 is now showing the turnaround the real estate market has experienced with prices that rose too rapidly, increasing mortgage rates, and worries about an upcoming recession. Year-to-year closed sales were down by 21.7% compared to 2021 which saw an increase of 34.2% and new sales under contract (new pending sales) decreased by 26.4% (2021 saw an increase of 29.2%).

Florida Townhouses and Condos Sales 2022 Yearly Review
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Both median and average sales prices were up (year to year) by 21.6% and 16.3% respectively (2021 numbers were 17.2% and 26.4%).  A considerably higher rate of increase than the previous year.

Inventory increased by 65.0% as compared to 2021’s decrease of 57.4%. And, the supply of properties rose to 2.8 months as compared to 1.3 months in 2021.  Still a sellers’ market for Florida townhouses and condos.

 Click here to view or download the full report: 
Townhouses and Condos Sales in Florida for 2022

View previous Florida Townhouses and Condos Yearly Reviews Here!

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 Sales 2022 Yearly Review

Florida Single Family Home Sales 2022 Yearly Review

01.20.23 by

Florida Single Family Home Sales 2022 Yearly Review

The Florida Single Family Home Sales for 2022 as reported by Florida Realtors is now showing the turnaround the real estate market has experienced with prices that rose too rapidly, increasing mortgage rates, and worries about an upcoming recession. Year-to-year closed sales were down by 18.0% (up by 12.9% in 2021) and new sales under contract (new pending sales) decreased by 21.1% (up by 5.7% in 2021).

Florida Single Family Home Sales 2022 Yearly Review
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Both median and average sales prices were up (2021 to 2022) by 15.7% and 11.3% respectively.   These numbers were 20.0% and 25.8% respectively for 2021.

The inventory of available homes for sale increased by 116.8% from 2021.  While the month’s supply of homes increased to 2.7 months.  Indicating that Florida single-family home market is still in a seller’s market.

Click here to view or download the full report:
2022 Florida Single Family Home Sales Review

View previous Florida Single Family Home Yearly Reviews

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 Home Sales 2022 Yearly Review

Crane Creek Martin Downs Market Report January 2023

01.13.23 by

Crane Creek Martin Downs Market Report January 2023

As of January 2023, there are 3 homes for sale in the Crane Creek community in Martin Downs in Palm City FL. The list prices range from $895,000 up to $1,150,000. This is an average list price of $1,065,000 which is $313.09 per sq. ft. of living area.

There is 1 Crane Creek home under contract. The list price was $710,000 which equals $211.88 per sq. ft. of living area. This home was on the market for 66 days before going under contract.

In the past 12 months, there have been 9 Crane Creek home sales. The sales prices ranged from $600,000 up to $1,335,000.  This works out to an average sales price of $849,556 or $261.00 per sq. ft. of living area. These homes averaged 23 days on the market before going under contract. And, they sold for an average of 98% of the list price.

Click here to view the previous Crane Creek market report

About Crane Creek in Palm City:

Crane Creek in the Martin Downs Country Club in Palm City Florida
Google Earth image

Crane Creek homes for sale:

The coast of Florida on the eastern side offers many wonderful locations. One of the secret attractions is the Crane Creek real estate development located in 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.

Crane Creek in the Martin Downs Country Club in Palm City Florida
Google Earth image

The Crane Creek community of Palm City is located within Martin Downs Country Club. It includes 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.

Crane Creek in the Martin Downs Country Club in Palm City Florida
Google Earth image

There is also the opportunity to partake in one of the many other conveniences in place at the country club facility.  There is 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 styles and choices from condominiums to estate homes. The parcels also have as much variation as maintenance-free lots and large acreage lots.

Recent sales in Crane Creek:

Within minutes from two of Florida’s major thoroughfares, Florida’s Turnpike and I-95, the location of Crane Creek real estate remove the hassle of commuting. In addition to all of these amenities, recent business dealings in the Crane Creek real estate area may bring one more amenity. In this part of Florida, there are fishing, golf, and equestrian facilities.

Crane Creek real estate in Palm City FL

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Click here to view Crane Creek homes for sale

Crane Creek homes for sale in the Martin Downs Country Club in Palm City FL

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.

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.

Crane Creek in Martin Downs Market Report January 2023

Sunset Trace Real Estate Market Report December 2022

12.27.22 by

Sunset Trace Real Estate Market Report December 2022

As of December 2022, there are 5 Sunset Trace homes for sale in Palm City FL.  The list prices range from $249,000 up to $384,900. This equals an average list price of $330,680 which is $254.06 per sq. ft. of living area.

There are 6 Sunset Trace homes currently under contract.  The list prices ranged from $250,000 up to $375,000.  This works out to an average list price of $294,667 which equals $222.30 per sq. ft. of living area.  These homes were on the market for an average of 23 days prior to going under contract.

In the past 12 months, 55 Sunset Trace homes have sold.  Sales prices ranged from a low of $201,000 up to $355,000.  This equals an average sales price of $280,258 or $213.28 per sq. ft. of living area.  These homes sold for an average of 99% of the list price. And, they were on the market for an average of 17 days before going under contract.

Click here to view the previous Sunset Trace market report!

About Sunset Trace in Palm City FL:

Sunset Trace at Martin Downs in Palm City Florida
Google Earth image
Sunset Trace homes for sale:

Just across the street from the Martin Downs Golf Club lies the gated community of Sunset Trace in Palm City, FL.  Conveniently located close to Florida’s Turnpike as well as shopping, restaurants and medical facilities.  Only a 15-minute ride to the pristine waters of the Atlantic Ocean and the numerous waterways and boating facilities available in Martin County, FL.

Sunset Trace at Martin Downs in Palm City Florida
Google Earth image

Sunset Trace is a DiVosta community of approximately 500 residences.  There are four types of homes in this community.   DiVosta quad townhomes feature 2 Bedrooms and 2 and ½ bathrooms with 1,236 sq. ft. of living area.  Stamford models, also four townhomes to a building featuring 2 Bedrooms and 2 and ½ bathrooms with 1,1374 sq. ft. of living area.  Wellesley models have 3 Bedrooms and 2 Bathrooms in 1,295 sq. ft. and finally, the Villas in Sunset Trace offer attached single-family homes with 3 Bedrooms, 2 and ½ baths and a one-car garage in 1346 square feet of living area.

Recently sold Sunset Trave homes:

Sunset Trace was developed and built from 1984 to 1988.  It features two community pools, three tennis courts, an outdoor racquet and/or handball courts and a full-size basketball court.  There’s a playground for the little ones as well.  This is a lushly landscaped community with a number of lakes and ponds on the grounds making for some great water views.

Sunset Trace at Martin Downs in Palm City Florida
Sunset Trace real estate in Palm City FL
Sunset Trace Townhouse

All ages are welcome in Sunset Trace. Children attend Citrus Grove Elementary School, Hidden Oaks Middle School, and Martin County High School.  The HOA fees run $305 per month, but include exterior and hurricane insurance, basic cable TV, Lawn and Landscaping, pest control and security.  Making life in Sunset Trace easy and carefree.

Sunset Trace Townhouse
Sunset Trace in Palm City FL

Search here for Sunset Trace 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.

Sunset Trace Real Estate Market Report December 2022