Martin County Townhouses and Condos November 2019 Market Report

12.26.19 by

Martin County Townhouses and Condos November 2019 Market Report

The Martin County Townhouses and Condos November Market Report had decreased sales activity when compared to last year.  Closed sales for the month were down by 7.5%.  They were up by 9.8% in October.  While new sales under contract (new pending sales) were down by 16.1% from November 2018.  They increased by 18.5% in October.

Prices, however, continued to rise for November.  The median sales price increased by 12.5% (was up by 16.8% in October) while the average sales price increased by 3.9% (was up by 29.0% in October).

The inventory of available townhouses and condos increased by 3 units to 373 properties.  This is a 5.7% larger inventory then we had in November 2018.  Currently, there’s a 4.1 months supply of inventory (compared to 3.5 months for November 2018).  Remaining in a seller’s market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

 

Martin County Townhouses and Condos November 2019 Market Report
Click here to download the full report

Click here to view past Martin County Townhouses and Condos 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.

Recent Posts:

Martin County Townhouses and Condos November 2019 Market Report

Martin County Single Family Homes November 2019 Market Report

12.24.19 by

Martin County Single Family Homes November 2019 Market Report

The Martin County Single Family Homes November 2019 Market Report had a surprisingly strong month of sales activity when compared to last November.  Closed sales were up by 27.0% from last month (were up by 1.5% in October).  While new pending sales increased by 10.7% as compared to November 2018 (they increased by 18.0% in October).

Prices were down for November.  The median sales price was down by 6.6% from last year (was up by 0.9% in October) while the average sales price decreased by 0.7% (was down by 2.6% last month).

The inventory of available single-family homes decreased from last month by 34 homes to 864 units for November,  this is  11.5% less inventory than last November.  The current supply of homes is 4.4 months.  For November of last year, it was a 4.8 months supply.  We remain in a seller’s market for Martin County single-family home sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Single Family Homes November 2019 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.

Previous Posts:

Martin County Townhouses and Condos October 2019 Market Report

12.12.19 by

Martin County Townhouses and Condos October 2019 Market Report

The Martin County Townhouses and Condos October Market Report had better sales activity when compared to last year.  Closed sales for the month were up by 9.8%.  They were down by 17.8% in September.  While new sales under contract (new pending sales) were up by 18.5% from October 2018.  They increased by 17.5% in September.

Prices were up significantly for October.  The median sales price increased by 16.8% (was down by 11.7% in September) while the average sales price increased by 29.0% (was down by 19.1% in September).

The inventory of available townhouses and condos increased by 35 units to 370 properties.  This is a 6.6% larger inventory then we had in October 2018.  Currently, there’s a 4.1 months supply of inventory (compared to 3.4 months for October 2018).  Remaining in a seller’s market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos October 2019 Market Report

Click here to view or download the full report

Click here to view past Martin County Townhouses and Condos 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 Townhouses and Condos October 2019 Market Report

Martin County Single Family Homes October 2019 Market Report

12.11.19 by

Martin County Single Family Homes October 2019 Market Report

The Martin County Single Family Homes October 2019 Market Report showed stronger sales activity when compared to last October.  Closed sales were up by 1.5% from last month (were unchanged in September).  While new pending sales increased by 18.0% as compared to October 2018 (they increased by 8.9% in September).

Prices were mixed for October.  The median sales price was up by 0.9% from last year (up by 18.9% in September) while the average sales price decreased by 2.6% (was up by 24.9% last month).

The inventory of available single-family homes increased from last month by 27 homes to 898 units for October,  this is  9.3% less inventory than last October.  The current supply of homes is 4.6 months.  For October of last year, it was a 4.8 months supply.  We remain in a seller’s market for Martin County single-family home sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Single Family Homes October 2019 Market Report

Click here to view or 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.

Hobe Sound FL 33455 Condo Market Report October 2019

12.06.19 by

Hobe Sound FL 33455 Condo Market Report October 2019

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for October 2019

For October 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 10 active condo listings. (Unchanged from September)

Hobe Sound FL 33455 Condo Market Report October 2019

4 Condos are pending and awaiting close. (Up by 1 condo from September)

Hobe Sound FL 33455 Condo Market Report October 2019

4 Condos sold in October. (Down by 1 condo from September)

Hobe Sound FL 33455 Condo Market Report October 2019

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  As a result, it is difficult to track such small numbers though this market remains quite active.

The absorption rate for Hobe Sound condos was 2.5 months for October (it was 2.0 months for September).  Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes in percentages that do not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The October 2018 numbers were: 3 active listings, 6 pending sales, and 2 closed sales.  It’s difficult to make meaningful comparisons with last year when there’s such a small sampling of condos in Hobe Sound.   Though, there was a bit more activity this year.

Hobe Sound FL 33455 Condo Market Report October 2019

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Click here to view previous Hobe Sound FL 33455 Condo Market Report

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Hobe Sound FL 33455 Condo Market Report October 2019

Plantation House Condos December 2019 Market Report

12.06.19 by

Plantation House Condos December 2019 Market Report

There is one condo for sale in the Plantation House of Hutchinson Island.  This condo is listed for $549,999 or $440.35 per sq. ft. of living area.

There are no currently pending sales in the Plantation House.

Only 1 condo has sold in the Plantation House in the past 12 months.  The sales price was $455,000 or $364.29 per sq. ft. of living area.  This condo sold for 91% of the last listed price and went under contract 78 days after going on the market.

About the Plantation House on Hutchinson Island in Indian River Plantation:

Plantation House Condos on Hutchinson Island

On the shores of the Atlantic Ocean, the Plantation House Condos are in the Indian River Plantation community.  Located on South Hutchinson Island and anchored by the Marriott Resort in Stuart FL.

Plantation House Condos on Hutchinson IslandThe Plantation House was built in 1979 and has 39 2 bedroom, 2 bathroom condos.   They range in size from 1249 sq. ft. of living area up to 1393 sq. ft.  All units have Ocean Views.   There’s an Oceanside pool as well as under building parking and some free-standing garages that come with the Plantation House condos.

Plantation House Condos on Hutchinson Island

Plantation House Condos on Hutchinson Island

Indian River Plantation amenities include a golf course, full-service marina, tennis courts, tiki bar and shuttle service around the complex and to the Hutchinson Island Marriott resort facilities.

Click here to view available Plantation House condos for Sale

Search for Martin County Real Estate

Click here to view the previous Plantation House market reports

Other Indian River Plantation Condos you may wish to consider: 
Bayview, Beachwalk, Dunes Club, Fairway Villas, Inlet Village, Lakeside, Ocean House, Ocean Terrace, Plantation Club Villas, Resort Villas, River Village, Riverbend, Riverwood, Tennis Villas

Stuart Florida Real Estate
Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Plantation House Condos December 2019 Market Report

 

 

 

Sunset Trace Palm City December 2019 Market Report

12.04.19 by

Sunset Trace Palm City December 2019 Market Report

As of December 2019, there are 9 homes for sale in Sunset Trace.  These homes have list prices from $154,900 up to $194,000.  This is an average list price of $170,422 or $131.15 per square foot of living area.

There are 5 homes under contract and awaiting settlement.  The list prices ranged from $156,000 up to $175,000.  This works out to an average list price of $164,900 which equals $128.34 per sq. ft. of living area.  These homes were on the market for an average of 57 days prior to going under contract.

In the past 12 months, 38 homes have sold in Sunset Trace.  Sales prices ranged from a low of $129,500 up to $220,000.  This equals an average sales price of $167,022 or $126.37 per sq. ft. of living area.  These homes sold for an average of 98% of list price and went under contract in an average of 36 days of being on the market.

 About Sunset Trace in Palm City FL:

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 is a DiVosta community of approximately 500 residences.  There are four types of homes in this community.   DiVosta quad townhomes which 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.

Sunset Trace was developed and built from 1984 to 1988.  It features two community pools, three tennis courts, 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.

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.

Search here for:

Sunset Trace Villas and Townhomes for Sale

Sunset Trace Palm City December 2019 Market Report

Jensen Beach FL 34957 Condo Market Report October 2019

12.02.19 by

Jensen Beach FL 34957 Condo Market Report October 2019

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for October 2019

There are currently 100 active listings. (Decreased by 1 condo from September)

Jensen Beach FL 34957 Condo Market Report October 2019

30 Condo sales are pending and awaiting settlement. (Up 2 condos from September)

Jensen Beach FL 34957 Condo Market Report October 2019

21 Condos Sold (Up by 2 condos from September)

Jensen Beach FL 34957 Condo Market Report October 2019

 The Jensen Beach FL 34957 Condo Market Report rebounded with stronger activity than the past few months.  Sales and pending sales were both up while the inventory remained just about unchanged.

The one-month absorption rate for the October 2019, Jensen Beach Florida Market Report ZIP Code 34957 dropped to 4.8 months (from 5.3 months in September). Remaining in a seller’s market for Jensen Beach condos.  A balanced market is considered to be a 6 to 7-month absorption rate favoring neither the buyer or seller.

The October 2018 numbers were: 98 active listings, 22 pending sales, and 17 condos closed.  All in all a better October this year than last.

Jensen Beach FL 34957 Condo Market Report October 2019

Click here to view the previous Jensen Beach condo market reports

Are you interested in the value of your Jensen Beach FL Condo?
Click on this link and fill out the form for an accurate personal evaluation

Jensen Beach Florida Real Estate presented by:
Gabe Sanders

Click here to view previous Jensen Beach FL 34957 Condo Market Reports

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Jensen Beach FL 34957 Condo Market Report October 2019

Plantation Club Villas December 2019 Market Report

12.02.19 by

Plantation Club Villas December 2019 Market Report

There are no active listings in the Plantation Club Villas of Hutchinson Island for early December 2019.

There are no pending sales in the Plantation Club Villas at this time.

Only 1 condo has sold in the Plantation Club Villas in the past 12 months.  The sales price was $265,000 which equals $223.06 per sq. ft. of living area.  This condo sold for 93% of list price and was on the market for 22 days before going under contract.

About the Plantation Club Villas in Indian River Plantation:

Plantation Club Villas in Indian River Plantation

View all Indian River Plantation condos for sale:

The Plantation Club Villas condos of Hutchinson Island in the Indian River Plantation complex of Stuart FL lie next to the pro shop for the golf course.  These units were built in 1987 and most have views of lakes, golf course or private preserves.

Plantation Club Villas on Hutchinson IslandThere are 48 two bedroom two bath condos ranging in size from 1,188 sq. ft. of living area up to 1,430 sq. ft.  The Plantation Club Villas is a four-story elevator building and has the convenience of under-building parking for residents.

Plantation Club Villas on Hutchinson Island

Current condo and management fees are around $367 per month.

Plantation Club Villas in Indian River Plantation

Indian River Plantation amenities include a golf course, full-service marina, tennis courts, tiki bar and shuttle service around the complex and to the Hutchinson Island Marriott resort facilities.

Plantation Club Villas on Hutchinson Island

Click here to view available Plantation Club Villas for Sale

Search for Martin County Real Estate

Click here to view the previous Plantation Club Villas market reports

Plantation Club Villas in Indian River Plantation

Other Indian River Plantation Condos you may wish to consider: 
Bayview, Beachwalk, Dunes Club, Fairway Villas, Inlet Village, Lakeside, Ocean House, Ocean Terrace, Plantation House, Resort Villas, River Village, Riverbend, Riverwood, Tennis Villas

Stuart Florida Real Estate
Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Plantation Club Villas December 2019 Market Report

 

 

Palm City FL 34990 Condo Market Report October 2019

11.26.19 by

Palm City FL 34990 Condo Market Report October 2019

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for October 2019

There are currently 77 active condo listings. (Decreased by 6 condos from September)

Palm City FL 34990 Condo Market Report October 2019 

5 Condo sales are pending and awaiting close or lender approval. (Up by 2 condos from last month)

Palm City FL 34990 Condo Market Report October 2019

6 Condos Sold in October. (Up by 6 condos from September)

Palm City FL 34990 Condo Market Report October 2019

The Palm City FL 34990 condo real estate market remains a fairly small segment of the Martin County condo market.  The sales activity in this market is challenging because of two condo communities with high equity and association fees that are currently not in favor with the general public.  Though, those who love golf, there are some incredible bargains in these communities.  October had improved activity from last month.

The current absorption rate for condos in the 34990 zip is 12.8 months (was not available in September with 0 sales). This is an extreme buyer’s market for Palm City condos.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The October 2018 numbers were: 80 active listings, 3 pending sales, and 7 closed sales.  Very similar activity when compared to last year.
Palm City FL 34990 Condo Market Report October 2019

Search here for condos for sale in the 34990 zip code area of Palm City FL

Palm City Florida Real Estate presented by
the Gabe Sanders real estate team

Click here to view previous Palm City FL 34990 Condo Market Reports

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Palm City FL 34990 Condo Market Report October 2019

Springtree Stuart FL November 2019 Market Report

11.26.19 by

Springtree Stuart FL November 2019 Market Report

For November 2019 there is only 1 home available to purchase in Springtree.  The list price is $334,900 which also equals $167.53 per sq. ft. of living area.

There are no homes under contract in Springtree at this time.

8 Springtree homes have sold in the past 12 months.  Sales prices ranged from $245,008 up to $315,000.  This is an average sales price of $288,930 which equals $169.24 per sq. ft. of living area.  Sales prices averaged 98% of list price and these homes took an average of 45 days to go under contract.

Click here to view the previous Springtree market reports

About the Springtree Community in Stuart FL:

Springtree Entrance - Stuart Florida real Estate

Springtree is a beautiful small development just west of US 1 in Stuart, Florida. Conveniently located between Indian Street and Salerno Road, Springtree is close to shopping, restaurants, beaches and easy access to I-95 for commuters. This community is a wonderful family neighborhood and in the Martin County ‘A’ rated school district, with Pinewood Elementary, Stuart Middle and Martin County High.

Springtree in Stuart FL

Engle Homes completed this community between the years of 2000 and 2003. This is a gated community with a lighted lake and fountain as the centerpiece of the community.  Low HOA fees of approximately $120. month make this an affordable community.   Many homes boast wonderful private lakeside views. Springtree also has a number of preserve areas as well as a playground to keep the tots occupied.

Springtree - Homes for Sale in Stuart Florida

Search here for any available Springtree Homes for Sale

For any questions you may have about Springtree Stuart FL November 2019 Market Report, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Stuart Florida Real Estate
Residential Homes, Condos, and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Springtree Stuart FL November 2019 Market Report

Stuart Florida 34994 Residential Market Report October 2019

11.21.19 by

Stuart Florida 34994 Residential Market Report October 2019

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for October 2019

For September 2018 in the 34994 Zip Code area of Stuart, Florida :

There are currently 75 active listings (Down by 15 homes from September)

Stuart Florida 34994 Residential Market Report October 2019

37 Residential sales are pending and awaiting close or lender approval (Increased by 8 homes from last month).

Stuart Florida 34994 Residential Market Report October 2019

16 Homes Sold in October (Increased by 4 homes from September)

Stuart Florida 34994 Residential Market Report October 2019

The residential real estate market for the 34994 ZIP code area of Stuart, Florida showed strong results for October with both pending and closed sales increasing.

The one-month absorption rate for the 34994 zip code for October plunged to 4.7 months from 7.7 months for September.  Back, once again, into a seller’s market for the 34994 zip code area of Stuart, FL.  A 6 to 7-month absorption rate is considered a balanced market where neither the seller nor buyer has an advantage.

The October 2018 numbers were 85 Active Listings, 18 pending sales, and 15 closed sales.  Considerably better activity this year.  Especially when factoring in the lower inventory of available homes for sale.

Stuart Florida 34994 Residential Market Report October 2019

Are you interested in the value of your Stuart FL Home?
Click on this link and fill out the form for an accurate personal evaluation

Search here for homes for sale in the 34994 zip code area of Stuart FL

Search here for vacant land for sale in the 34994 zip code area of Stuart FL

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Click here for previous Stuart Florida 34994 Residential Market Reports

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Stuart Florida 34994 Residential Real Estate Market Report October 2019

Martin County Townhouses and Condos 2019 3’rd Quarter Report

11.15.19 by

Martin County Townhouses and Condos 2019 3’rd Quarter Report

Click the image below to view the full details of the Martin County townhouses and condos market report data as reported by Florida Realtors for the 3’rd Quarter 2019.

Martin County Townhouses and Condos 2019 3'rd Quarter Report

The Martin County townhouse and condo market had weaker sales activity when compared to last year in the third quarter of 2018.  Prices were also off slightly from last year.  The inventory of available properties has improved from last year.

To view the full report, click the image above or this link.

View the entire set of data at GabeSanders.com

Martin County Single Family Homes 2019 3’rd Quarter Report

11.14.19 by

Martin County Single Family Homes 2019 3’rd Quarter Report

Click the image below to view the full details of the Martin County single-family homes market report data as reported by Martin County Realtors.

Martin County Single Family Homes 2019 3'rd Quarter Report

The Martin County single-family home market continues to show improved sales volume when compared to the third quarter of 2018, last year.   Prices were also higher than this period last year with some very impressive gains.

To view the full report, click the image above or this link.

View the entire set of data at GabeSanders.com

Martin County Single Family Homes 2019 3’rd Quarter Report

Legacy Cove Stuart FL November 2019 Market Report

11.14.19 by

Legacy Cove Stuart FL November 2019 Market Report

There are currently 5 homes available for sale in Legacy Cove in Stuart, FL.  List prices range from $399,900 up to $635,000.  This is an average list price of $496,580 which works out to $169.70 per sq. ft. of living area.

There are 2 Legacy Cove homes currently under contract awaiting settlement.  They were listed for $445,000 and $555,000.  For an average list price of $500,000 or $192.86 per sq. ft. of living area.  These homes were on the market for an average of 36 days before going under contract.

In the past 12 months, 10 homes have sold in Legacy Cove with sales prices ranging from $332,500 up to $545,000. This is an average sales price of $413,300 which works out to $181.84 per sq. ft. of living area.  These sales averaged 98% of list price and went under contract in an average of 76 days after going on the market.

Click here to view the previous Legacy Cove market reports

About Legacy Cove in Stuart FL:

Legacy Cove in Stuart FL

Legacy Cove in Stuart Florida is a gated lakeside community of 229 homes off Cove Road in Stuart, Florida.  Legacy Cove consists of two sections. The first section of 142 homes called the Cove Isle development was mostly completed between 2004 and 2005.  The newer section, called the Cove Lakes development consists of 87 home sites with construction that began in 2007.  Some homes are yet to be completed in Cove lakes.

Legacy Cove in Stuart FL

There’s a wide variety of homes in Legacy Cove, ranging from the smallest, a 3 bedroom, 2 bathroom, 2 car garage with a little under 1,600 square feet of living area to  4, possible 5 bedroom, 3 and a 1/2 bathroom, 3 car garage two-story homes with almost 4,000 square feet of living area.  And many sizes in between.

Legacy Cove in Stuart FL

Legacy Cove boasts a community pool and clubhouse with a fitness center as well as two hard-surfaced tennis courts.  Many homes in Legacy Cove in Stuart Florida have serene lake views and a comfortable private feeling.  Located just minutes from I-95, this is a great location for those wishing to take advantage of Martin County’s amenities while still having an easy commute to work either north or south.

Legacy Cove in Stuart FL

Legacy Cove is in an ‘A’ Martin County school system with children currently attending Pinewood elementary school, Dr. David L Anderson middle school, and Martin County high school.

Legacy Cove in Stuart FL

The HOA fees are very reasonable at $688.00 per quarter.  Management of the community is through Bristol Management of Stuart.

Legacy Cove in Stuart FL

Residents of Legacy Cove in Stuart FL enjoy a relaxing lifestyle with easy access to restaurants, shopping, and the many waterways, beaches and public parks that Martin County has to offer.

Search here for Legacy Cove Homes for Sale

Legacy Cove in Stuart FL

For any questions you November have about Legacy Cove Stuart FL, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Stuart Florida Real Estate

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

Legacy Cove Stuart FL November 2019 Market Report

 

Martin County Townhouses and Condos September 2019 Market Report

11.06.19 by

Martin County Townhouses and Condos September 2019 Market Report

The Martin County Townhouses and Condos September Market Report had mixed sales activity when compared to last year.  Closed sales for the month were down by 17.8%.  They were up by 1.2% in August.  While new sales under contract (new pending sales) were up by 17.5% from September 2018.  They decreased by 19.6% in August.

Prices were up significantly for September.  The median sales price increased by 16.8% (was down by 11.7% in August) while the average sales price increased by 29.0% (was down by 19.1% in August).

The inventory of available townhouses and condos decreased by 25 units to 335 properties.  This is a 3.2% smaller inventory then we had for in September 2018.  Currently, there’s a 3.7 month supply of inventory (compared to 3.0 months for September 2018).  Remaining in a seller’s market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Townhouses and Condos September 2019 Market Report

Click here to view or download the full report

Click here to view past Martin County Townhouses and Condos 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 Townhouses and Condos September 2019 Market Report

Stuart West Palm City November 2019 Market Report

11.05.19 by

Stuart West Palm City November 2019 Market Report

There are currently 9 homes for sale in Stuart West.  List prices range from $525,000 up to $1,075,000. This is an average price of $786,878 which is $223.52 per sq. ft. of living area.

There is 1 home currently under contract.  The list price was $684,900 or $199.04 per sq. ft. of living area.  This home was on the market for 192 days prior to going under contract.

In the past 12 months, 12 homes have sold in Stuart West.  Sale prices ranged from $525,000 up to $775,000.  This works out to an average sale price of $644,958 which equals a per sq. ft. of living area $195.18.  These homes sold for an average of 95% of list price and averaged 117 days on the market before going under contract.

Click here to view the previous Stuart West market reports

About Stuart West in Palm City Farms FL:

Stuart West in Palm City Farms FL

Stuart West is an upscale gated equestrian community located adjacent to the Stuart West and the Fox Club in western Palm City.  Just off the I-95 exit, Stuart West is an easy commute for those who work either south or north of Martin County, yet want to enjoy the superior amenities that Palm City has to offer.

Stuart West in Palm City FL

Stuart West resides on over 1,000 acres of pristine land with 249 home sites ranging from 2 to over 10 acres.  There are over 11 miles of waterways located throughout the community which makes for an idyllic setting for this family-friendly equestrian community.

Stuart West in Palm City Farms FL

Community amenities include a playground, community boat ramp to the C-23 canal, a 10-acre equestrian center, a 24-hour manned security gate (shared with Cobblestone) and security patrols, and an underground cable and routing system for the best high-end internet connectivity.  All of this in Martin County’s ‘A’ rated school system.  And the school bus service is provided inside the community.

Stuart West in Palm City Farms FL

Currently, Stuart West’s children attend Citrus Grove Elementary, Hidden Oaks Middle and South Fork High Schools.

Stuart West in Palm City Farms FL

Home construction started in Stuart West in 1984 and continues to this day.  There are approximately 50 vacant lots yet to be built upon.  Though many of these lots are being kept as pastures by the adjacent homeowners.   Home sizes range from 3 Bedroom, 2 Bath homes of around 2,000 sq. ft. of living area all the way to 7 Bedroom, 5 Bathroom estates with over 5,500 sq. ft. under air.

Stuart West in Palm City FL

More information about Stuart West can be found on their property owners’ website here.

Stuart West Homes for Sale

Search for Martin County Real Estate

Vacant Land for Sale in Stuart West

Stuart West Palm City November 2019 Market Report

Martin County Single Family Homes September 2019 Market Report

11.04.19 by

Martin County Single Family Homes September 2019 Market Report

The Martin County Single Family Homes September 2019 Market Report showed slightly stronger sales activity when compared to last September.  Closed sales were unchanged from last month (were down by 9.2% in August).  While new pending sales increased by 8.9% as compared to September 2018 (they decreased by 2.9% in August).

Prices were up significantly for September.  The median sales price was up by 18.9% from last year (up by 2.5% in August) while the average sales price increased by 24.9% (was down by 12.5% last month).

The inventory of available single-family homes decreased from last month by 66 homes to 871 units for September,  this is a 0.3% less inventory than last September.  The current supply of homes is 4.5 months.  For September of last year, it was a 4.3 months supply.  We remain in a seller’s market for Martin County single-family home sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

Martin County Single Family Homes September 2019 Market Report

Click here to view or 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.

Hobe Sound FL 33455 Condo Market Report September 2019

10.28.19 by

Hobe Sound FL 33455 Condo Market Report September 2019

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for September 2019

For September 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 10 active condo listings. (Up by 1 condo from August)

Hobe Sound FL 33455 Condo Market Report September 2019

3 Condos are pending and awaiting close. (Down by 3 condos from August)

Hobe Sound FL 33455 Condo Market Report September 2019

5 Condos sold in September. (Unchanged from August)

Hobe Sound FL 33455 Condo Market Report September 2019

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  As a result, it is difficult to track such small numbers though this market remains quite active.

The absorption rate for Hobe Sound condos was 2.0 months for September (it was 1.8 months for August).  Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes in percentages that do not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The September 2018 numbers were: 7 active listings, 1 pending sales, and 3 closed sales.  It’s difficult to make meaningful comparisons with last year when there’s such a small sampling of condos in Hobe Sound.   While, there was some increased activity this year.

Hobe Sound FL 33455 Condo Market Report September 2019

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Click here to view previous Hobe Sound FL 33455 Condo Market Report

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Hobe Sound FL 33455 Condo Market Report September 2019

Fairwinds Cove October 2019 Market Update

10.26.19 by

Fairwinds Cove October 2019 Market Update

There are currently 3 condos for sale in Fairwinds Cove on Hutchinson Island in Jensen Beach Florida. These condos were listed from $239,000 up to $579,000.  This is an average list price of $362,663 or $218.93 per square foot of living area.  (These numbers may be a little misleading as the more expensive condo is a combined double unit.)

There are no condos currently under contract.

In the past 12 months, 4 Fairwinds Cove condo have sold.  Sales prices ranged from $224,000 up to $292,500.  This works out to an average sales price of $263,625 which equals $229.08 per square foot of living area.  These condos sold for an average of  94% of list price and were on the market for an average of 122 days before going under contract.

Click here for previous Fairwinds Cove market reports.

About Fairwinds Cove in Jensen Beach FL:

Fairwinds Cove in Jensen Beach

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

The pool at 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 in Jensen Beach Fairwinds Cove in Jensen Beach

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

Search for Fairwinds Cove Condos in Jensen Beach


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Jensen Beach Real Estate is presented by:
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Fairwinds Cove October 2019 Market Update