Martin County Single Family Homes April 2018 Market Report

The Martin County Single Family Homes April 2018 Market Report showed mixed sales reports as compared to last April. Closed sales were down by 1.9% (was up by 0.4% in March). While new pending sales increased by 2.3% as compared to April 2017 (Decreased by 7.4% in March).

Prices, however, continue to go up and pretty dramatically for April. The median sales price up by 12.5% from last year (up by 3.8% in March) while the average price increased by 34.9% (was up by 4.5% last month).

The inventory of available single-family homes increased from last month by 50 homes to 991 units for April, this is 5.2% less than last April. The current supply of homes is 4.9 months, for April of last year, it was a 5.2 months supply. We’re still 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.

Click here to view or download the full report:
Martin County Single Family Homes April 2018 Market Report

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 2018 Market Report

Martin County Townhouses and Condos 2018 1’st Quarter Report

06.01.18 by Gabe Sanders

Martin County Townhouses and Condos 2018 1’st Quarter Report

1’st Quarter 2018

Click the image below to view the full details of the Martin County townhouses and condos market report data as reported by Martin County Realtor for the 1’st Quarter 2018.

The Martin County townhouse and condo market was strong for the first quarter of 2018. Closed sales were up from the same period last year while new pending sales were down slightly. Both median and average sales prices were up. Continuing in a seller’s market for Martin County townhouses and condos.

View the entire set of data at GabeSanders.com

Martin County Townhouses and Condos 2018 1’st Quarter Report

Martin County Single Family Homes 2018 1’st Quarter Report

05.31.18 by Gabe Sanders

Martin County Single Family Homes 2018 1’st 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 Realtor for the 1’st Quarter 2018.

Closed and pending sales were down slightly when compared to the 1’st quarter of 2017. Prices were mixed with the median price up from last year while the average prices were off slightly. Inventory was down from last year. Martin County single-family homes remained in a sellers’ market as the inventory tightens.

View the entire set of data at GabeSanders.com

Martin County Single Family Homes 2018 1’st Quarter Report

Stuart West Palm City May 2018 Market Report

05.29.18 by Gabe Sanders

Stuart West Palm City May 2018 Market Report

There are currently 4 homes for sale in Stuart West. List prices range from $589,000 up to $782,000 for an average asking price of $685,250 which is $243.09 per sq. ft. of living area.

There are two homes currently under contract. These homes were listed for $599,000 and $629,000 for an average list price of $614,000 which works out to $155.96 per sq. ft. of living area. These homes were on the market for 58 days prior to going under contract.

In the past 12 months, 9 homes have sold in Stuart West. Sale prices ranged from $459,900 up to $1,000,000 with the average sale price being $600,644 which equals a per sq. ft. of living area sales price of $192.32. These homes sold for an average of 96% of list price and averaged 158 days on the market.

About Stuart West in Palm City 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 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.

Community amenities include a playground, community boat ramp to the C-23 canal, a 10-acre equestrian center, 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 school bus service is provided inside the community.

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

Home construction started in Stuart West in 1984 and continues to this day with approximately 52 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. The HOA fee is a very reasonable $121 per month which covers security and all the amenities this wonderful community has to offer.

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

Stuart West Homes for Sale

Vacant Land for Sale in Stuart West

Stuart West Palm City May 2018 Market Report

Hobe Sound FL 33455 Condo Market Report April 2018

05.28.18 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report April 2018

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for April 2018

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

There are currently 8 active condo listings. (Decreased by 1 condos from March)

5 Condos are pending and awaiting close. (Down by 4 condos from March)

7 Condos sold in April. (Increased by 5 condos from March)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Good sales results for April but the ultra-low inventory of available condos for sale will negatively affect future activity.

The absorption rate for Hobe Sound condos was 1.1 months for April as compared to 4.5 months in March). 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 April 2017 numbers were: 15 active listings, 6 pending sales, and 4 closed sales. Better closed sales numbers this year, but also a greatly reduced inventory of available condos for sale.

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Hobe Sound FL 33455 Condo Market Report April 2018

Jensen Beach FL 34957 Condo Market Report April 2018

05.24.18 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report April 2018

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for April 2018

For April 2018 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County):

There are currently 118 active listings. (Increased by 9 condos from March)

40 Condo sales are pending and awaiting settlement. (Down by 18 condos from March)

42 Condos Sold (Up by 15 condos from March)

The Jensen Beach FL 34957 Condo Market Report for April had a very nice increase in closed sales. Unfortunately pending sales were down indicating a possibility for a reduced volume of closed sales for the coming months. Inventory rose from last month which is a good sign and unlike most of the rest of Martin County areas.

The one month absorption rate for the April 2018, Jensen Beach Florida Market Report ZIP Code 34957 plunged to 2.8 months (from 4.0 months in March), an even stronger seller’s market. A balanced market is considered to be a 6 to 7-month absorption rate favoring neither the buyer or seller.

The April 2017 numbers were: 135 active listings, 48 pending sales, and 41 condos closed. Very similar numbers when compared to last year.

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Jensen Beach FL 34957 Condo Market Report April 2018

Palm City FL 34990 Condo Market Report April 2018

05.22.18 by Gabe Sanders

Palm City FL 34990 Condo Market Report April 2018

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for April 2018

For April 2018 in the 34990 Zip Code area of Palm City, Florida :

There are currently 88 active condo listings. (Decreased by 8 condos from March)

15 Condo sales are pending and awaiting close or lender approval. (Up by 3 condos from last month)

7 Condos Sold in April. (Down by 2 condos from March)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. For April there was an improvement pending sales while closed sales were down by 2 condos. The Palm City condo market is hampered by two equity golf course communities with slow sales in the current environment.

The current absorption rate for condos in the 34990 zip code area climbed to 12.6 months (was 10.7 months in July). Still in a buyer’s market for Palm City condominiums. A balanced market is considered to be an absorption rate of around 6 to 7 months.

The April 2017 numbers were: 86 active listings, 9 pending sales, and 8 closed sales. Very similar activity as compared to last year with the exception of considerably better pending activity this year.

Palm City FL 34990 Condo Market Report April 2018

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Palm City FL 34990 Condo Market Report April 2018

Legacy Cove Stuart FL May 2018 Market Report

05.17.18 by Gabe Sanders

Legacy Cove Stuart FL May 2018 Market Report

There is currently 1 home available for sale in Legacy Cove in Stuart, FL. The list price is $389,000 which is $205.71 per sq. ft. of living area.

There is one home currently under contract awaiting settlement. The list price was $650,000 or $175.87 per sq. ft. of living area. This home was on the market for 93 days prior to going under contract.

In the past 12 months, 6 homes have sold in Legacy Cove with sales prices ranging from $342,000 up to $471,000 for an average sales price of $396,167 which works out to $163.35 per sq. ft. of living area. These sales averaged 97% of list price and went under contract in an average of 31 days after going on the market.

About 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.

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 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 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.

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

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.

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For any questions you May 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 May 2018 Market Report

May 2018 Market Report for Ocean House in Indian River Plantation

05.13.18 by Gabe Sanders

May 2018 Market Report for Ocean House in Indian River Plantation

May 2018 Market Report for Ocean House Condos in Indian River Plantation, Hutchinson Island in Stuart, FL

Currently, there are 2 active listing on the market in Ocean House, with list prices for both of these condos is $499,000 or $372.39 per square ft. of living area.

There are no condos currently under contract awaiting settlement.

In the past 12 months, there was only 1 sale in Ocean House. The sales price was $632,150 or $471.75 per square foot of living area. This condos sold for 99% of list price and went under contract 155 days after being listed.

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

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

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

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

The Marriott Resort at Indian River Plantation Features:

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

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

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

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

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

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

May 2018 Market Report for Ocean House in Indian River Plantation

Hutchinson Island Condos For Sale

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Stuart Florida 34994 Residential Market Report April 2018

05.11.18 by Gabe Sanders

Stuart Florida 34994 Residential Market Report April 2018

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for April 2018

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

There are currently 74 active listings (Down by 1 homes from March)

35 Residential sales are pending and awaiting close or lender approval (Increased by 1 homes from last month).

13 Homes Sold in March (Decreased by 14 homes from March)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a decrease in closed sales from last month (which were very strong) but remains a very strong market.

The one-month absorption rate for the 34994 zip code for March jumped to 5.7 months from 2.8 months for March. Hanging on to 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 have an advantage.

The April 2017 numbers were 69 Active Listings, 33 pending sales, and 12 closed sales. One of the few areas of Martin County with increased inventory from last year. Sales activity was very similar to last year.

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Stuart, FL Real Estate

Business Opportunity Properties

- Business Opportunity Properties for Sale in Stuart, Florida Between $0 – $500,000
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Residential Income Properties for Sale in Stuart, Florida Between $0 – $500,000

Stuart Florida 34994 Residential Real Estate Market Report April 2018

Martin County Townhouses and Condos March 2018 Market Report

05.07.18 by Gabe Sanders

Martin County Townhouses and Condos March 2018 Market Report

Martin County Townhouses and Condos March 2018 Market Report showed mixed sales activity when compared to last year. Closed sales for the month were up by 6.8% (were down by 2.0% in February) while new sales under contract (new pending sales) were down by 16.1% from March 2017 (decreased by 5.8 in February).

Prices, however, continued their rise as the median sales price increased by 3.3% (was up by 4.7% in February) while the average sales price increased by 14.0% (was up by 7.0% in February) as compared to March of 2017.

The inventory of available townhouses and condos increased by 8 units to 445 properties as compared to last month. This is he same as the March 2017 inventory. Currently, there’s a 4.5 month supply of inventory (compared to 4.7 months for March 2017). Remaining in a strong 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.

Click here to view or download the full report:
Martin County Townhouses and Condos March 2018 Market Report

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 March 2018 Market Report

Martin County Single Family Homes March 2018 Market Report

05.04.18 by Gabe Sanders

Martin County Single Family Homes March 2018 Market Report

The Martin County Single Family Homes March 2018 Market Report showed mixed sales reports as compared to last March. Closed sales were up by 0.4% (was down by 8.6% in February). While new pending sales decreased by 7.4% as compared to March 2017 (Decreased by 11.1% in February).

Prices, however, continue to go up though at a more moderate rate. The median sales price up by 3.8% from last year (up by 5.7% in February) while the average price increased by 4.5% (was up by 8.5% last month).

The inventory of available single-family homes increased from last month by 5 homes to 1041 units for March, this is 4.8% less than last March. The current supply of homes is 5.1 months, for March of last year, it was a 5.5 months supply. We’re still 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.

Click here to view or download the full report:
Martin County Single Family Homes March 2018 Market Report

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 2018 Market Report

Hobe Sound FL 33455 Condo Market Report March 2018

04.26.18 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report March 2018

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for March 2018

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

There are currently 9 active condo listings. (Decreased by 1 condos from February)

9 Condos are pending and awaiting close. (Up by 5 condos from February)

2 Condos sold in March. (Increased by 1 condo from February)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Sales and pending sales were both up for this month.

The absorption rate for Hobe Sound condos was 4.5 months for March as compared to 10.0 months in February). 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 March 2017 numbers were: 16 active listings, 4 pending sales, and 4 closed sales. Stronger activity last year for Hobe Sound condo sales, but better pending activity this year with much lower inventory.

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Hobe Sound FL 33455 Condo Market Report March 2018

Jensen Beach FL 34957 Condo Market Report March 2018

04.24.18 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report March 2018

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for March 2018

For March 2018 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County):

There are currently 109 active listings. (Decreased by 3 condos from February)

58 Condo sales are pending and awaiting settlement. (Up by 12 condos from February)

27 Condos Sold (Down by 3 condos from February)

The Jensen Beach FL 34957 Condo Market Report for March had a slightly lower closed sale volume while pending sales increased. This market is in need of some additional inventory.

The one month absorption rate for the March 2018, Jensen Beach Florida Market Report ZIP Code 34957 inched up to 4.0 months (from 3.7 months in February), remaining in a seller’s market after a short two months outside of this. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The March 2017 numbers were: 129 active listings, 54 pending sales and 25 condos closed. Considerably better sales and pending sales this year with a significantly lower inventory of available condos for sale.

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Jensen Beach FL 34957 Condo Market Report March 2018

Palm City FL 34990 Condo Market Report March 2018

04.20.18 by Gabe Sanders

Palm City FL 34990 Condo Market Report March 2018

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for March 2018

For March 2018 in the 34990 Zip Code area of Palm City, Florida :

There are currently 96 active condo listings. (Decreased by 7 condos from February)

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

9 Condos Sold in March. (Up by 5 condos from February)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. For March there was improvement for both closed and pending sales. The Palm City condo market is hampered by two equity golf course communities with slow sales in the current environment.

The current absorption rate for condos in the 34990 zip code area dipped to 10.7 months (was 25.8 months in July). Still in a buyers’ market for Palm City condominiums. A balanced market is considered to be an absorption rate of around 6 to 7 months.

The March 2017 numbers were: 95 active listings, 10 pending sales, and 4 closed sales. Slightly better activity last year even on a reduced number of condos available for sale (inventory).

Palm City FL 34990 Condo Market Report March 2018

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Palm City FL 34990 Condo Market Report March 2018

Fairwinds Cove Condos in Jensen Beach April 2018 Market Update

04.20.18 by Gabe Sanders

Fairwinds Cove Condos in Jensen Beach April 2018 Market Update

There are currently 2 condos for sale in Fairwinds Cove on Hutchinson Island in Jensen Beach Florida. These condos were listed for $255,000 and $295,000 for an average list price of $275,000 or $249.55 per square foot of living area.

There are also no condos currently under contract at this time.

In the past 12 months, only 1 Fairwinds Cove condo has sold. The sales price was of $255,000 which equals $1231.40 per square foot of living area. This condo solf for 98% of list price and was on the market for 5 days before going under contract.

About Fairwinds Cove in Jensen Beach FL:

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).

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 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.

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Fairwinds Cove Condos in Jensen Beach April 2018 Market Update

Stuart Florida 34994 Residential Market Report March 2018

04.11.18 by Gabe Sanders

Stuart Florida 34994 Residential Market Report March 2018

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for March 2018

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

There are currently 75 active listings (Down by 6 homes from February)

34 Residential sales are pending and awaiting close or lender approval (Decreased by 7 homes from last month).

27 Homes Sold in February (Increased by 14 homes from February)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida lost a little inventory after two months of some gains. Sales for the month were very strong while pending sales were down but still impressive.

The one-month absorption rate for the 34994 zip code for February plunged to 2.8 months from 6.2 months for February. Into a very strong 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 have an advantage.

The March 2017 numbers were 69 Active Listings, 34 pending sales, and 15 closed sales. One of the few areas of Martin County with increased inventory from last year. Sales were also much better for this year.

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