Jensen Beach FL 34957 Condo Market Report August 2016

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for August 2016

For August 2016 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 112 active listings. (Increased by 4 condos from July)

38 Condo sales are pending and awaiting settlement. (Down by 8 condos from July)

25 Condos Sold (Down by 2 condos from July)

For the Jensen Beach FL 34957 Condo Market Report August 2016 remained on a steady track with activity off by only a slight amount..

The one month absorption rate for the August 2016, Jensen Beach Florida Market Report ZIP Code 34957 inched up slightly to 4.3 months (from 4.1 months in July), keeping Jensen Beach condos in a sellers’ market. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The August 2015 numbers were: 22 active listings, 13 pending sales and 5 condos closed. We had a change in reporting data collection methods and are now including all condos in the 34957 zip code which increases the sampling data base, so the comparisons from last year are not valid.

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Jensen Beach FL 34957 Condo Market Report August 2016

Palm City FL 34990 Condo Market Report August 2016

09.21.16 by Gabe Sanders

Palm City FL 34990 Condo Market Report August 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for August 2016

For August 2016 in the 34990 Zip Code area of Palm City, Florida :

There are currently 61 active condo listings. (Increased by 1 condos from July)

8 Condo sales are pending and awaiting close or lender approval. (Up by 1 condos from last month)

1 Condos Sold in August. (Down by 3 condos from July)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. Tere was only one closed sale for last month while pending sales remained almost unchanged and inventory rose slightly.

The current absorption rate for condos in the 34990 zip code area continued to rise, now at 61 months (was 20 months in August). A very strong buyers’ market for Palm City condominiums. A balanced market is considered to be an absorption rate of around 6 to 7 months.

The August 2015 numbers were: 52 active listings, 8 pending sales and 5 closed sales. Slightly higher inventory and not as active for closed sales this year as compared to last August.

Palm City FL 34990 Condo Market Report August 2016

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Palm City FL 34990 Condo Market Report August 2016

Stuart Florida Market Report ZIP Code 34994 Residential August 2016

09.14.16 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Residential August 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for August 2016

For August, 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 64 active listings (Down by 6 homes from July)

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

13 Homes Sold in July (Down by 5 homes from July)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida eased off slightly for July while still remaining a strong market. Though the inventory is up slightly from last year, it is still low by historic standards.

The one month absorption rate for the 34994 zip code for August increased to 4.9 months from 3.9 months for July. Still in a sellers’ 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 August 2014 numbers were 52 Active Listings, 21 pending sales and 9 closed sales. Much the same as happened last year with a decrease in activity from July to August but this year still had better activity than last.

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Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 Residential August 2016

Martins Crossing September 2016 Market Report

09.10.16 by Gabe Sanders

Martins Crossing September 2016 Market Report

There are currently 7 homes and townhomes for sale in Martins Crossing. Prices range from $182,000 to $289,900 for an average list price of $246,527 which equals $132.65 per sq. ft. of living area.

There are 11 homes under contract. List prices range from $156,800 to $379,000 for an average list price of $218,989 which is $123.20 per sq. ft. of living area. On average these homes went under contract in 37 days.

In the past twelve months, 44 homes have sold in Martins Crossing. Sales prices ranged from $155,900 to $327,500 for an average sales price of $253,213 which equates to $126.71 per sq. ft. of living area. These homes sold at an average of 96% of listed price and were under contract in an average of 49 days.

Located in the intimate, yet vibrant, city of Stuart near a variety of fine restaurants, cultural outlets and shopping. Martins Crossing September 2016 Market Report, boasts of 596 residences with a stunning variety of single family homes and a section of private town homes. This family friendly community was completed around 2006 with mostly newer homes.

Martins Crossing September 2016 Market Report community amenities include lush landscaping and with private preserve views, The Martins Crossing Clubhouse has a sparkling resort style pool, and over sized deck, tennis courts and a playful tot lot all nearby.

Martins Crossing September 2016 Market Report 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.

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Martins Crossing September 2016 Market Report

South Fork Estates Market Report for September 2016

09.09.16 by Gabe Sanders

South Fork Estates Market Report for September 2016

There are currently 4 homes for sale in South Fork Estates in Stuart FL. The listing prices are from $350,000 to $549,000 for an average list price of $430,950 which equates to $170.32 per sq. ft. of living area.

There are no homes under contract at this time in South Fork Estates

In the past 12 months, there have been 9 sales in South Fork Estates. Sales prices ranged from $276,000 to $490,000. The average sales price was $375,156 which works out to a per square foot of living area price of $168.82. These homes were on the market for an average of 64 days before going under contract and sold at 97% of the listing price.

A unique private community in Stuart, Florida built before land was so expensive that homes had to be placed on top of each other. All home 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.

There are 114 homes in South Fork Estates. Homes were built from 1992 through as late as 2011. The majority of the homes are in the 1998 through 2005 years. 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.

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.

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 id a great community to call home.

Here are the currently available homes for sale in South Fork Estates

South Fork Estates Market Report for September 2016

July 2016 Monthly Market Detail Martin County Townhouses and Condos

09.03.16 by Gabe Sanders

July 2016 Monthly Market Detail Martin County Townhouses and Condos

July 2016 Monthly Market Detail Martin County Townhouses and Condos continues showing some uneven sales volumes. Closed sales were up for this month, increased by 4.7% (was down by 5.0% in June) while new sales under contract (new pending sales) were down by 15.2% from July 2014 (increased by 39.1% in June).

Prices, however continued with strong increase as the median sales price increased by 8.8% (was down by 5.7% in June) while the average sales price increased by 4.1% (was down by 5.4% in June) as compared to July of 2015. This remains a very active segment of the real estate market and I don’t expect any slowdown of price increase until we get considerably greater inventory or fewer sales numbers.

The inventory of available townhouses and condos decreased by 11 units to 370 properties as compared to last month. The second month of reduced inventory. This is 3.4% greater than the July 2015 inventory. Currently, there’s a 3.8 month supply of inventory (an 11.8% increase from last year). Still in a strong sellers 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.

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July 2016 Monthly Market Detail Martin County Townhouses and Condos

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

July 2016 Monthly Market Detail Martin County Townhouses and Condos

July 2016 Monthly Market Detail Martin County Single Family Homes

09.02.16 by Gabe Sanders

July 2016 Monthly Market Detail Martin County Single Family Homes

The July 2016 Monthly Market Detail Martin County Single Family Homes continues to show reduced sales volume when compared to last years figures, yet this is still a very active market. Closed sales were down by 9.5% (was down by 10.0% in June). New pending sales decreased by 22.3% as compared to July of 2015 (Decreased by 17.5% in June).

Both median and average sales prices continue with strong gains. The median sales price was up by 6.1% from last year (up by 15.9% in June) while the average price increased by 13.8% (was up by 9.2% last month). If inventory levels continue to increase and sales volume continues to decrease I expect the rate of price appreciation to decrease.

The inventory of available single family homes decreased from last month by 1 homes to 987 units for July, this is 8.5% greater than last July. Current supply of homes is 4.9 months, for July of last year it was a 4.3 months supply. (This is a 14.0% increase from last year). Still a sellers 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:
July 2016 Monthly Market Detail Martin County Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

July 2016 Monthly Market Detail Martin County Single Family Homes

Quarterly Market Report for Martin County Townhouses and Condos

08.27.16 by Gabe Sanders

Quarterly Market Report for Martin County Townhouses and Condos

2’nd Quarter 2016

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 2’nd quarter of 2016.

View the entire set of data at GabeSanders.com

Pipers Landing August 2016 Market Report

08.27.16 by Gabe Sanders

Pipers Landing August 2016 Market Report

There are currently 30 active listings for sale in Pipers Landing. List prices for these homes range from $54,500 to $500,000 for an average list price of $223,580 which equals $83.46 per sq. ft. of living area.

As of this time there are 3 homes under contract which haven’t closed to date. List prices for these properties ranged from $99,900 to $190,000 for an average of $136,633 which is $57.83 per sq. ft. of living area. These three homes averaged 557 days on market before going under contract.

In the past 12 months 22 homes have sold in Pipers Landing. The sales prices ranged from a low of $25,000 up to $560,000. The average sales price was $210,343 or $65.34 per sq. ft. of living area. These sold listings averaged 173 days on the market before going under contract and sold at an average of 74% of the list price.

A true world class golfing community in Palm City with just 302 homes on 600 acres of pristine Florida natural preserve and lushly landscaped grounds. This is a waterfront community with deep water ocean access dockage that can accommodate yachts up to 75′.

This is an equity golf course community (membership is mandatory). Championship Joe lee designed course (6,832 yards) offering five different levels of play for all abilities. Homes include spacious condos to spacious waterfront estate homes. All this in beautiful Martin County, Florida, which boasts an abundance of beautiful waterways and quaint historic areas to experience and enjoy.

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Pipers Landing August 2016 Market Report

Quarterly Market Report for Martin County Single Family Homes

08.26.16 by Gabe Sanders

Quarterly Market Report for Martin County Single Family Homes

2’nd Quarter 2016

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 2’nd quarter of 2016.

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Hobe Sound FL 33455 Condo Market Report July 2016

08.23.16 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report July 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for July 2016

For July 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 3 active condo listings. (Down by 1 condos from June)

6 Condos are pending and awaiting close. (Unchanged in pending condos from June)

3 Condos sold in July. (The same number of closed sales from June)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Inventory levels are at all time lows and it is quite remarkable that there is as much activity as there is in this small segment of the Martin County real estate market.

For July, 2016 the absorption rate is 1 month (it was 1.3 months in June). 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 on percentages that July 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 July 2015 numbers were: 3 active listings, 6 pending sales and 1 closed sales. Very similar numbers to last year with better closed sales for 2016..

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Hobe Sound FL 33455 Condo Market Report July 2016

Tres Belle August 2016 Market Report

08.23.16 by Gabe Sanders

Tres Belle August 2016 Market Report

There are 6 homes currently for sale in the Tres Belle subdivision of Stuart FL. Listing prices are from $599,900 to $898,900 for an average list price of $708,467 which works out to $201.34 per sq. ft. of living area. A number of these homes are new construction from Kolter Homes. If interested in new construction, please ask about our new home buyer rebate program.

There is currently 1 home under contract that was listed for $774,900 or $254.57 per sq. ft. of living area. This home was on the market for 71 days before going under contract.

12 homes have sold in the past 12 months. Sales prices ranged from $549,900 to $899,900. The average sales price was $664,517 which comes out to $191.12 per sq. ft. of living area. These homes sold on average of 118 days with sales prices at 98% of list price.

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 (August 2016). 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 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.

For boaters, there are 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.

The HOA fees are $588 per quarter and include maintenance of the common areas as well as Cable TV. This is a pet friendly community.

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Tres Belle August 2016 Market Report

Jensen Beach FL 34957 Condo Market Report July 2016

08.21.16 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report July 2016

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for July 2016

For July 2016 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 112 active listings. (Increased by 90 condos from June)

46 Condo sales are pending and awaiting settlement. (Up by 32 condos from June)

27 Condos Sold (Up by 24 condos from June)

For the Jensen Beach FL 34957 Condo Market Report July 2016 a change in our MLS sampling database includes a greater number of condos located in this zip code that are on Hutchinson Island in Saint Lucie county as well as mainland Jensen Beach.

The one month absorption rate for the July 2016, Jensen Beach Florida Market Report ZIP Code 34957 dropped to 4.1 months (from 7.3 months in June), bringing Jensen beach condos back into a sellers’ market. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The July 2015 numbers were: 25 active listings, 13 pending sales and 3 condos closed. We had a change in reporting datsa and we are now including all condos in the 34957 zip code which increases the sampling data base, so the comparisons from last year are not valid.

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Jensen Beach FL 34957 Condo Market Report July 2016

Palm City FL 34990 Condo Market Report July 2016

08.19.16 by Gabe Sanders

Palm City FL 34990 Condo Market Report July 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for July 2016

For July 2016 in the 34990 Zip Code area of Palm City, Florida :

There are currently 60 active condo listings. (Decreased by 5 condos from June)

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

3 Condos Sold in July. (Down by 4 condos from June)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. Condo sales were off considerably for July. Not totally unexpected as typically the summer months are the slow time for Palm City condo sales.

The current absorption rate for condos in the 34990 zip code area continued to rise to 20 months (was 16.3 months in July). Now one of the few areas where it’s a strong buyers market in Martin County. A balanced market is considered to be an absorption rate of around 6 to 7 months.

The July 2015 numbers were: 60 active listings, 7 pending sales and 6 closed sales. Slightly better sales numbers last year, otherwise everything else is identical for this year.

Palm City FL 34990 Condo Market Report July 2016

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Palm City FL 34990 Condo Market Report July 2016

Palm Cove Golf and Yacht Club August 2016 Market Update

08.19.16 by Gabe Sanders

Palm Cove Golf and Yacht Club August 2016 Market Update

There are currently 9 homes actively listed in Palm Cove Yacht and Golf Cub for August 2016 in Palm City, Florida. List prices range from a low of $299,000 up to the highest which is a waterfront home for $2,105,000. The average list price is $968,409 which works out to $226.03 per square foot of living area.

There are no homes or condos under contract in the Palm Cove community of palm City as of August 2016.

In the past 12 months, 14 homes have sold in Palm Cove Yacht and Golf Cub with sales prices from $205,000 up to $1,800,000 for an average sales price of $593,304 or $176.07 per square foot of living area. These homes were on the market for an average of 150 days prior to going under contract and sales prices averaged at 95% of the list price

The Palm Cove Golf and Yacht Club in Palm City Florida includes 206 residences, ranging from spacious condos with garages to townhomes, fairway homes to multi-million dollar waterfront homes on the shores of the north fork of the wide Saint Lucie River.

This magnificent community boasts a championship Chi Chi Rodrigues designed golf course. Memberships are available to both residents and non-residents and membership is not mandatory. In addition to golf, boaters enjoy a 93 slip deep water marina with docks available for over 50’ vessels.

There’s a magnificent club house located riverside by the marina. Residents enjoy 24 hour security from the manned gated entrance. The Palm Cove Golf and yacht Club is separated into two main sections. Fairway homes are on the south side of Mapp Road with the entrance across the main entrance to palm Cove and is controlled by remote from the main security gate.

In the main section, are the estate homes, town-homes at Island creek as well as the condos at ‘the Links’. Homes range from 1500 sq. ft. town-homes with 2 bedrooms, 2 bathrooms and 2 car garages all the way up to 6,000 sq. ft. plus waterfront residences with 5 bedrooms, office, 6 and ½ bathrooms and 3 car garages. Home owner (HOA) fees vary from section to section. The estate homes run approximately $450 per month, while in the fairways section they are around $550 per month, but include landscaping. For a complete list of fees, please give us a call.

Palm Cove families enjoy a quiet secluded lifestyle yet are close to shopping, restaurants and the beaches of Martin County. Children attend an ‘A’ rated Martin County school system to the following schools: Bessey Creek elementary, Hidden Oaks middle and Martin County High.

Currently, these homes are available for sale in the Palm Cove Golf and Yacht Club

For any questions, you may have about the palm Cove Yacht and Golf Club in Palm City Florida, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Palm City Florida Real Estate

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

Palm Cove Golf and Yacht Club August 2016 Market Update

The Yacht and Country Club of Stuart August 2016 Market Report

08.14.16 by Gabe Sanders

The Yacht and Country Club of Stuart August 2016 Market Report

August 2016 Market Update:

There are 13 homes currently for sale in the Yacht and Country Club of Stuart. Listing prices are from $230,000 to $1,500,000 for an average list price of $623,523 which works out to $220.12 per sq. ft. of living area.

There are currently 4 homes under contract ranging in list price from $309,900 to $380,000. The average list price of these pending sales is $347,225 or $168.10 per sq. ft. of living area. These homes averaged 113 days on market before going under contract.

35 homes have sold in the past 12 months. Ranging in sales price from $159,900 to $1,100,000. The average sales price was $392,120 which comes out to $159.91 per sq. ft. of living area. These homes sold on average in 66 days with sales prices at 95% of list price.

The Yacht and Country Club of Stuart, Florida Golf Course

One of the first gated golf communities in Martin County, the , Florida remains among the preeminent communities on Florida’s Treasure Coast for both the golf and yachting enthusiast. This fine gate guarded community boasts water front homes that are only minutes from the Saint Lucie inlet and the Atlantic Ocean. Easy access for day trips to the Bahamas and back and a true fisherman’s paradise.

The ‘Stuart’ golf course at the Yacht & Country Club of Stuart, Florida features a professional 18 hole course with 6,466 yards of golf from the longest tees for a par of 71 . The course rating is 71.2 and it has a slope rating of 125 on Bermuda grass. Driving range and putting greens are also provided at this club.

The clubhouse at the Yacht and Country Club of Stuart offers a professionally appointed fitness center with a a resident massage therapist. Tennis is provided by ix lighted Har-tru tennis courts and also residents are provided with two lighted croquet lawns.

There is a heated swimming pool open daily and water aerobics is offered on a weekly basis. The Yacht and Country Club of Stuart has a formal Dining Room that has earned itself a reputation as one of Stuart’s finest dining establishments. Also offered is the “Grill Room” for those who would like to enjoy a more casual dining experience.

Truly a wonderful place to call home.

Search here for available homes in the Yacht and Country Club of Stuart, Florida

The Yacht and Country Club of Stuart August 2016 Market Report

Stuart Florida Market Report ZIP Code 34994 Residential July 2016

08.12.16 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Residential July 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for July 2016

For July, 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 70 active listings (Unchanged from June)

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

18 Homes Sold in June (Up by 1 homes from June)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida continued the summer with strong activity for July with positive future activity (pending sales) and also an increase in closed sales. Though, the reduced inventory is a potential problem.

The one month absorption rate for the 34994 zip code for July decreased to 3.9 months from 4.1 months for June. Still in a sellers’ 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 July 2014 numbers were 62 Active Listings, 32 pending sales and 16 closed sales. Slightly better sales numbers for this year when compared to July of 2015.

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Stuart, FL Real Estate

Rental Properties

- Rental Properties for Rent in Stuart, Florida Between $0 – $500,000

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Stuart Florida Market Report ZIP Code 34994 Residential July 2016

June 2016 Monthly Market Detail Martin County Townhouses and Condos

07.30.16 by Gabe Sanders

June 2016 Monthly Market Detail Martin County Townhouses and Condos

June 2016 Monthly Market Detail Martin County Townhouses and Condos is giving us some mixed signals with closed sales off from last year but a very strong month for new pending sales.. Closed sales were down by 5.0% (was down by 5.1% in May) and new sales under contract (new pending sales) were up by 39.1% from June 2014 (decreased by 5.4% in May).

Another month of mixed signals with prices as the median sales price increased by 5.7% (was down by 0.4% in May) while the average sales price decreased by 5.4% (was up by 6.7% in May) as compared to June of 2015. I’ve been predicting some sort of moderation in the rate of price increases and this appears to have happened.

The inventory of available townhouses and condos decreased by 36 units to 381 properties as compared to last month. The first monthly decline after two months of increases. This is 1.0% below the June 2015 inventory. Currently, there’s a 3.9 month supply of inventory (an 8.3% increase from last year). Still in a strong sellers market for townhouses and condos in Martin County.

Click here to view or download the full report:
June 2016 Monthly Market Detail Martin County Townhouses and Condos

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

June 2016 Monthly Market Detail Martin County Townhouses and Condos

June 2016 Monthly Market Detail Martin County Single Family Homes

07.29.16 by Gabe Sanders

June 2016 Monthly Market Detail Martin County Single Family Homes

The June 2016 Monthly Market Detail Martin County Single Family Homes showed a marked decrease from lasy years activity, yet still a strong and active market. Closed sales were down by 10.0% (was down by 2.8% in May). New pending sales decreased by 17.5% as compared to June of 2015 (Decreased by 14.7% in May).

Prices, however, continued their rise as the median sales price was up by 15.9% from last year (up by 15.8% in May) while the average price increased by 9.2% (was down by 3% last month). I expect that prices will moderate to a much smaller rate of increase in the coming year.

The inventory of available single family homes decreased from last month by 66 homes to 988 units for this month, this is 8.8% greater than last June. Current supply of homes is 4.9 months, for June of last year it was a 4.4 months supply. (This is a 11.4% increase from last year). Still a sellers market for Martin County single family home sales.

Click here to view or download the full report:
June 2016 Monthly Market Detail Martin County Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

June 2016 Monthly Market Detail Martin County Single Family Homes

July 2016 Lake Tuscany Stuart FL Market Report

07.25.16 by Gabe Sanders

July 2016 Lake Tuscany Stuart FL Market Report

As of July 2016, there are 4 homes available for sale in Lake Tuscany with listing prices from $479,315 to $579,900 for an average list price of $519,405 which is a price per square foot of living area of $138.55. As of July 14, 2016 these homes will have averaged 79 days on market.

There are 4 homes under contract. List prices were from $405,000 up to $485,000 for an average list price of $445,975 which works out to $139.60 per sq. ft. of living area. These homes averaged 33 days on the market before going under contract.

In the past 12 months, 8 homes have sold in Lake Tuscany ranging in sales price from $362,000 to $469,000 for an average sales price of $414,500 which equals $153.54 per sq. ft. of living area. These homes took an average of 34 days on market to go under contract and sold at 98% of list price.

Lake Tuscany in Stuart FL is a newer subdivision just to the west of I-95 in Martin County, Florida. The homes in Lake Tuscany were mostly completed between 2004 to 2005. This attractive subdivision is set up with a gated entrance and all 98 homes in Lake Tuscany are on Panther Trace which makes a large circle around the lake in the center. Homes range from 3 Bedroom, 3 Bath or 4 BR 2 Baths of around 2100 sq. ft. of living area to spacious 6 Bedroom, 4 Bathroom 2 story homes with lofts and theater rooms with pools by the lakeside along with 3 car garages. All are high quality homes built by local builder Mercedes Homes.

Lake Tuscany boasts lush landscaping and very reasonable Home Owner’s Association fees of $398 per quarter. These fees cover security, the common areas and lake upkeep, basic cable, trash collection and front landscaping. The Lake Tuscany property owners web site is located at this site.

Families in Lake Tuscany enjoy Martin County’s ‘A’ rated schools in the following schools: Crystal Lake Elementary, David L Anderson Middle School and South Fork High School. Shopping is only minutes away and there’s easy access to Martin County’s waterways and just a short drive to the many public beaches.

Search here for currently available Lake Tuscany real estate in Stuart FL

For any questions you may have about July 2016 Lake Tuscany Stuart FL Market Report, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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