Martin County Townhouses and Condos August 2022 Market Report

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

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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

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

Martins Crossing Real Estate Market Report September 2022

Martins Crossing Real Estate Market Report September 2022

For September 2022 there are 2 homes available for sale in Martins Crossing in Stuart FL.  The list prices are $339,900 and $449,000. This is an average list price of $394,450 which equals $232.42 per sq. ft. of living area.

There are also 2 Martins Crossing homes currently under contract.  The list prices are $365,000 and $699,900.  This equals an average list price of $532,450 which is $228.81 per sq. ft. of living area.  These homes went under contract in an average of 27 days.

In the past twelve months, 44 Martins Crossing homes have sold.  Sales prices ranged from a low of $235,000 to a high of $600,000.  This equals an average sales price of $381,406 which works out to $199.64 per sq. ft. of living area.  These homes sold at an average of 99% of the list price and went under contract in an average of 17 days.

Click here to view the previous Martins Crossing market report!

About Martins Crossing in Stuart FL:

Martins Crossing in Stuart Florida
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Martins Crossing homes for sale:

Located in the intimate, yet vibrant, City of Stuart near a variety of fine restaurants, cultural outlets, and shopping.  Martins Crossing boasts of  596 residences with a stunning variety of single-family homes and a section of private townhomes. This family-friendly community was completed around 2006 with mostly newer homes.

Martins Crossing Clubhouse and Pool
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Martins Crossing community amenities include lush landscaping and private preserve views,  The Martins Crossing Clubhouse has a sparkling resort-style pool, an oversized deck, tennis courts and a playful tot lot all nearby.

Martins Crossing Townhomes
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Martins Crossing is conveniently located by Kanner Hwy. and Pomeroy Street for easy access to Historic Downtown Stuart, the beaches, and waterways of Martin County, restaurants, shopping and quick access to I-95.  All this in a wonderful ‘A-rated school system.

Recently sold Martins Crossings homes:

Martins Crossing in Stuart FL

Search for Martins Crossing 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.

Martins Crossing Real Estate Market Report September 2022

Martin County Single Family Homes August 2022 Market Report

Martin County Single Family Homes August 2022 Market Report

The Martin County Single Family Homes Market Report showed considerably weaker activity than 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 17.6% from last year (were down by 46.9% in July).  While new pending sales decreased by 6.8% as compared to last year (decreased by 25.5% last month).

Prices were mixed for the month of August.  The median sales price increased from last year by 33.3% (it was up by 18.8% in July) while the average sales price decreased by 0.5% (it was up by 19.5% last month).

The inventory of available single-family homes decreased by 3 homes from last month to 490. This is 62.3% larger inventory than last August.  The current supply of homes is 2.6 months.  For August of last year, it was 1.2 months of supply.  We remain in an extreme seller’s market for Martin County single-family home sales.  A balanced market favoring neither buyers nor sellers is considered to be a 6 to 7 month supply of inventory.

Martin County Single Family Homes August 2022 Market 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 August 2022 Market Report

Tres Belle Real Estate Market Report September 2022

Tres Belle Real Estate Market Report September 2022

For September 2022, there is 1 home available for sale in the Tres Belle community of Stuart FL. The list price is $1,200,000 which equals $392.54 per sq. ft. of living area.

There is also 1 Tres Belle home currently under contract.  The list price was $1,250,000 or $361.17 per sq. ft. of living area.  This home was on the market for 21 days prior to going under contract.

7 Tres Belle homes have sold in the past 12 months.  Sales prices ranged from $800,000 up to $1,250,000.  The average sales price was $1,081,443 which comes out to $338.71 per sq. ft. of living area.  These homes went under contract in an average of 9 days after being listed. And, they sold for an average of 106% of the list price.

Click here to view the previous Tres Belle market report!

About Tres Belle in Stuart FL:

Tres Belle in Stuart Florida
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Tres Belle Homes for Sale:

The Tres Belle Estates in Stuart FL is a Kolter Homes development of approximately 167 homes on a minimum of ½ acre lots located just east of Kanner Highway on Cove Road in Stuart FL.

The first homes were completed in 2007 and construction and sales of new homes continue to this date (September 2019).  Homes range in size from a minimum of 3 bedrooms and 2 baths with over 2,500 sq. ft. of living area up to 4 and 5 bedroom, 5 bath homes with close to 4,500 sq. ft. of living area.

Tres Belle in Stuart Florida
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Tres Belle is located adjacent to the Atlantic Ridge Preserve State Park which has miles and miles of rugged and scenic trails.  Also, close to shopping on US-1 as well as at the intersection of Cove Rd and Kanner Hwy.  Martin Memorial Hospital South is only a few minutes away.  A consistently highly rated medical facility.  For those looking to commute or just be close to the Interstate, I-95 is only a minute or two away.

Recently sold Tres Belle homes:

For boaters, there is an abundance of waterways, and boat ramps and marinas are only a short ride and only a few minutes to your choice of beaches at either Stuart or Jupiter Island.

Tres Belle is located in the ‘A-rated school district of Martin County with children currently slated for Crystal Lake elementary, David L. Anderson middle, and South Fork high schools.

Tres Belle in Stuart Florida

The reasonable HOA fees include maintenance of the common areas as well as Cable TV.  This is a pet-friendly community.

Tres Belle Stuart Florida real estate

Click for all available Tres Belle homes for sale!

Search here for all Stuart FL real estate

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.

Tres Belle Real Estate Market Report September 2022