Martin County Single Family Homes December 2023 Market Report

02.03.24 by

Martin County Single Family Homes December 2023 Market Report

The Martin County Single Family Homes Market Report showed slower sales activity from last year. We continue to face some economic uncertainties, though mortgage rates appear to have peaked and have started to decline. Closed sales were down by 2.3% from last year (they were up by 24.5% in November). At the same time, new pending sales decreased by 4.9% compared to last year (which increased by 8.8% last month).

Prices were up for December as compared to last year, however not as fast as in previous months.  The median sales price increased from last year by 1.8% (up by 12.8% in November) while the average sales price increased by 5.4% (up by 41.8% last month).

The inventory of available single-family homes increased by 5 homes to 590. This is an 18.2% greater inventory than last December.  The current supply of homes is 3.6 months.  For December of last year, it was 3.1 months of supply.  We are still in a seller’s market for Martin County single-family home sales, but trending towards a more balanced market.  A balanced market favoring neither buyers nor sellers is considered a 6 to 7 month supply of inventory.

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

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

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

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

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

Martin County Single Family Homes December 2023 Market Report

Foxwood Real Estate Market Report February 2024

02.02.24 by

Foxwood Real Estate Market Report February 2024

For February 2024, there are 2 homes listed for sale in the Foxwood community in Stuart FL. The list prices are $1,450,000 and $2,500,000. This is an average list price of $1,975,000 or $481.24 per sq. ft. of living space.

There are also no Foxwood homes currently under contract.

In the past 12 months, 2 Foxwood homes have sold in this much sought-after Stuart community.  Sales prices were $585,000 and $975,000.  This works out to an average sales price of $780,000 which equals $255.41 per sq. ft. of living area.  These sales took an average of 9 days on the market before going under contract. And, they sold for an average of 86% of the list price.

Click here to view the previous Foxwood market report!

About Foxwood Equestrian Community in Stuart FL:

Foxwood Real Estate in Stuart Florida

Foxwood is located just west of I-95 on Pratt and Whitney Road in Western Stuart Florida.  It consists of 109 home sites that are all 2 acres or larger.  Equestrian owners can enjoy having horses on their property with a zoning of one horse per acre.   Foxwood was designed with Florida’s natural environment in mind.  Interestingly, every Foxwood home is custom built with the residents encouraged to keep some natural habitat in place. 

Foxwood Real Estate in Stuart Florida

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

Construction of homes in Foxwood began in 1978.  Four phases of development ended with the last phase commencing in 1990.  Most lots have been developed with just a handful of vacant lots left of which currently none are available for sale (as of this writing).

Foxwood is located less than a mile from the ‘A’ Rated South Fork High School with easy access to Palm Beach County and only 15 minutes to downtown Stuart and the pristine beaches of Martin County.

Foxwood Real Estate in Stuart Florida

A perfect place to call home for those who desire some room to roam yet be close to shopping, restaurants, and other urban areas.

Currently Available Homes in Foxwood

Foxwood home search

Images courtesy of Google Earth

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

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

For more information about this and other Martin County communities contact:
Gabe Sanders

Stuart Florida Real Estate

Residential Homes, Condos and Land with special emphasis on Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Foxwood Real Estate Market Report February 2024

Martin County Single Family Homes 2023 4th Quarter Report

01.28.24 by

Martin County Single Family Homes 2023 4th Quarter Report

Click the image below to view the full details of the Martin County Single Family Homes quarterly data reported by Martin County Realtors.

Martin County Single Family Homes 2023 4th Quarter Report
Martin County Single Family Homes 2023 4th Quarter Report

The Martin County single-family home real estate market showed improved sales activity along with moderating price increases. The inventory continues to grow and buyers seem to be returning to this segment of the Florida real estate market. I sense a turnaround in this market and that we are reentering into a historically normal real estate market.

Click here to view/download the full report

View the entire set of data at GabeSanders.com

View previous Martin County quarterly reports

Martin County Single Family Homes 2023 4th Quarter Report

Martin County Townhouses and Condos Sales 2023 Yearly Review

01.23.24 by

Martin County Townhouses and Condos Sales 2023 Yearly Review

The Martin County Townhouses and Condos Sales for 2023 is now showing the turnaround the real estate market has experienced with prices that rose too rapidly and increasing mortgage rates. Though the numbers are improving from the previous year, signaling that a turnaround may be underway. Year-to-year closed sales were down by 5.5% as compared to 2022 which were down by 20.8% and new sales under contract (new pending sales) increased by 1.8% (2022 saw a decrease of 25.9%).

Martin County Townhouses and Condos Sales 2023 Yearly Review
Click on the image to view the full report

Both median and average sales prices were up (year to year) by 5.4% and 9.9% respectively (2022 numbers were 31.5% and 18.3%).  However, prices are not rising as fast as in previous years.

Inventory increased by 54.3% as compared to 2022’s decrease of 282.9%. And the supply of inventory rose to 5.2 months as compared to 3.7 months for 2022.  Still a seller’s market for Martin County townhouses and condos, but approaching a balanced market.

 To view the full report click on the graphic above or the link below:
Martin County Townhouse and Condo Sales 2023 Yearly Review

Here are the previous Martin County yearly reviews!

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

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

Martin County Townhouses and Condos Sales 2023 Yearly Review

Martin County Single Family Home Sales 2023 Yearly Review

01.22.24 by

Martin County Single Family Home Sales 2023 Yearly Review

The Martin County Single Family Home Sales for 2023 as reported by Florida Realtors is now showing the turnaround the real estate market has experienced with prices that rose too rapidly and increasing mortgage rates. Though the numbers are improving from the previous year, signaling that a turnaround may be underway. Year-to-year closed sales were up by 0.1% (were down by 30.1% in 2022) and new sales under contract (new pending sales) increased by 1.3% (was down by 30.3% in 2022).

Martin County Single Family Home Sales 2023 Yearly Review
Click on the image for the full report

Both median and average sales prices continued to rise (2022 to 2023) by 3.5% and 2.5% respectively.  This rate while positive is not as high as last year which was 17.8% and 7.2% respectively in 2022.

The inventory of available homes for sale rose by 18.2% from 2022.  While the monthly supply of homes increased to 3.6 months. Still a seller’s market.  Typically a 6-month inventory indicates a balanced market where neither the seller nor the buyer has an advantage.

To view the full report click on the graphic above or the link below:
Martin County Single Family Home Sales 2023 Yearly Review

Click here to view previous Martin County yearly reviews!

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

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

Martin County Single Family Home Sales 2023 Yearly Review

Snug Harbor Real Estate Market Report December 2023

12.31.23 by

Snug Harbor Real Estate Market Report December 2023

As of December 2023, there are no Snug Harbor homes for sale in Stuart, FL.

There are also no homes currently under contract.

2 Snug Harbor homes have sold in the past 12 months.  The sales were $975,000 and $2,250,000. The average sales price was $1,612,500 or $574.07 per sq. ft. of living area.  These homes sold for an average of 89% of the list price. And, they were on the market for an average of 33 days before going under contract.

Click here to view the previous Snug Harbor market report!

About Snug Harbor:

Snug Harbor in Stuart Florida
Google Earth image

Snug Harbor remains one of the most desirable locations in Stuart, FL. Located on the wide Saint Lucie River just east of the city of Stuart Florida is this unique subdivision.

Snug Harbor in Stuart Florida
Google Earth image

Snug Harbor was the vision of a group of 10 Yachtsmen, many former Commodores of the Chicago Yacht Club back in 1943. They bought the land and platted the area in September 1944.  They then formed the Snug Harbor Corporation, which controlled the ownership of the lots.

In 1975 the deeds were distributed and/or sold to the current owners. A condominium form of ownership was established under the name of the Snug Harbor Yacht Club. Snug Harbor contained both waterfront and non-waterfront homes and estates.  All are very conveniently located just minutes away from the ocean by boat or car and also convenient to downtown Stuart, offices, restaurants, and recreational areas.

Snug Harbor in Stuart Florida
Google Earth image

Snug Harbor is one of the finest communities in Martin County. There are only 72 home sites with a clubhouse, deep water marina, boat ramp, trailer parking, and tennis courts. There is an active association with social activities year-round that makes this community a very attractive place to call home.

Please contact Gabe Sanders (772-888-2885), a Snug Harbor resident, if you would like any information about this wonderful community.

Search here for:

Snug Harbor Homes for Sale

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

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

Snug Harbor Real Estate Market Report December 2023

Locks Landing Real Estate Market Report December 2023

12.28.23 by

Locks Landing Real Estate Market Report December 2023

As of December 2023, there are 2 Locks Landing homes for sale in Stuart Florida. The list prices are $739,000 and $850,000. This is an average list price of $794,500 which equals $344.67 per sq. ft. of living area.

There are no Locks Landing homes currently under contract.

In the past 12 months, 7 Locks Landing homes have been sold in Martin County.  Sales prices ranged from $640,000 up to $880,000.  This is an average sales price of $755,714 which is $309.27 per sq. ft. of living area. These sales averaged 97% of the list price. And, they went under contract in an average of 30 days after being listed.

Click here to view the previous Locks Landing market report!

About Locks Landing in Stuart FL:

Locks Landing in Stuart Florida
Google Earth image

Locks Landing in Stuart Florida is a gated planned unit community of 243 homes on the southeastern shore of the Saint Lucie Waterway, just upstream of the Locks on the Okeechobee Waterway at Phipps Park in Stuart, Florida.

Locks Landing in Stuart Florida
Google Earth image

Homes range in size from just under 2,000 square feet of living area to some spacious 3,000 square feet plus homes on spacious preserve lots.   Many homes enjoy lake views and a few homes offer views of the Saint Lucie Waterway.  This wonderful family neighborhood boasts several docks with available water and electricity.  Easy access through the lock to the main Saint Lucie river and out to the crystal clear waters of the Atlantic Ocean or sail west into Lake Okeechobee for a fabulous day of freshwater fishing.  For those without their own boat dock, there’s a convenient boat ramp to allow all to enjoy the fabulous boating available to all residents of Martin County.

Locks landing is only moments to I-95 for those needing to commute either north or south on the Interstate.  The equestrian farms of Martin County are only a short drive to the west; while to the east is shopping, restaurants, beaches, and all the amenities that Martin County has to offer.  This family-friendly community also boasts an ‘A’ rated school system with local children attending Crystal Lake Elementary School, David L Anderson Middle School, and South Fork High School

Locks Landing in Stuart FL

To view the current homes available for sale in Locks Landing please select the following link:
Locks Landing Homes for Sale

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

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

Locks Landing Real Estate Market Report December 2023

Martin County Townhouses and Condos November 2023 Market Report

12.23.23 by

Martin County Townhouses and Condos November 2023 Market Report

The Martin County Townhouses and Condos real estate market showed weaker sales activity when compared to last year. We continue to encounter headwinds of economic uncertainties, though mortgage rates have appeared to peak. Closed sales for the month were down by 21.4%.  They were down by 30.9% in October.  New sales under contract (new pending sales) were up by 21.7% from last year.  They were up by 13.3% in October.

Prices were up for November.  The median sales price increased by 7.3% (was down by 1.6% last month). And, the average sales price increased by 17.3% (was up by 24.2% in October).

The available townhouses and condos inventory increased by 47 units to 423 properties.  This is a 47.9% greater supply of inventory than we had in November 2022.  Currently, there’s a 5.0 month supply of inventory (compared to 3.0 months for November 2022).  We remain in a seller’s market for townhouses and condos in Martin County, though trending towards a more balanced market. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory.

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

Martin County Townhouses and Condos November 2023 Market Report
Click here to download the full report

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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

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

Martin County Townhouses and Condos November 2023 Market Report

Martin County Single Family Homes November 2023 Market Report

12.22.23 by

Martin County Single Family Homes November 2023 Market Report

The Martin County Single Family Homes Market Report showed surprisingly improved activity compared to last year. Even as we continue to face economic uncertainties, though mortgage rates appear to have peaked and have started to decline. The inventory of available homes for sale declined for the second month in a row. Closed sales were up by 24.5% from last year (they were up by 19.4% in October). At the same time, new pending sales increased by 8.8% compared to last year (which increased by 10.7% last month).

Prices were up for November as compared to last year.  The median sales price increased from last year by 12.8% (up by 0.7% in October) while the average sales price increased by 41.8% (down by 21.1% last month).

The inventory of available single-family homes increased by 49 homes to 585. This is a 12.5% greater inventory than last November.  The current supply of homes is 3.6 months.  For November of last year, it was 3.1 months of supply.  We are still in a seller’s market for Martin County single-family home sales, but trending towards a more balanced market.  A balanced market favoring neither buyers nor sellers is considered a 6 to 7 month supply of inventory.

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

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

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

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

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

Martin County Single Family Homes November 2023 Market Report

Plantation House Real Estate Market Report December 2023

12.07.23 by

Plantation House Real Estate Market Report December 2023

For December 2023, there is only 1 condo for sale in the Plantation House of Hutchinson Island.  The list price is $999,000 or $799.84 per sq. ft. of living area.

There are no pending Plantation House sales at this time.

In the past 12 months, there have been 3 Plantation House sales. The sales prices ranged from $640,000 to $835,000. This is an average sales price of $711,667 which equals $542.26 per sq. ft. of living area. These condos were on the market for an average of 146 days before going under contract. And, the sales prices averaged 89% of the last list price.

Click here to view the previous Plantation House market report!

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

Plantation House condos in Indian River Plantation on Hutchinson Island in Stuart Florida
Google Earth image

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 in Indian River Plantation on Hutchinson Island in Stuart Florida
Google Earth image

The 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.

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 House condos in Indian River Plantation on Hutchinson Island in Stuart Florida

Click here to view available Plantation House condos for Sale

Plantation House condos for sale in Indian River Plantation on Hutchinson Island

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

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

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

Plantation House Real Estate Market Report December 2023

Sunset Trace Real Estate Market Report December 2023

12.05.23 by

Sunset Trace Real Estate Market Report December 2023

As of December 2023, there are 5 Sunset Trace homes for sale in Palm City FL.  The list prices range from $260,000 up to $369,000. This equals an average list price of $320,200 which is $246.39 per sq. ft. of living area.

There are 3 Sunset Trace homes currently under contract.  The list prices ranged from $305,000 up to $380,000.  This works out to an average list price of $350,000 which equals $261.98 per sq. ft. of living area.  These homes were on the market for an average of 21 days prior to going under contract.

In the past 12 months, 39 Sunset Trace homes have sold.  Sales prices ranged from a low of $215,000 up to $380,000.  This equals an average sales price of $288,969 or $221.61 per sq. ft. of living area.  These homes sold for an average of 99% of the list price. And, they were on the market for an average of 40 days before going under contract.

Click here to view the previous Sunset Trace market report!

About Sunset Trace in Palm City FL:

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

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

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

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

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

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

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

Sunset Trace Townhouse
Sunset Trace in Palm City FL

Search here for Sunset Trace homes for sale

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

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

Sunset Trace Real Estate Market Report December 2023

Plantation Club Villas Market Report December 2023

12.04.23 by

Plantation Club Villas Market Report December 2023

There are 2 condos for sale in the Plantation Club Villas of Hutchinson Island for December 2023. The list prices are $499,900 and $549,000. This is an average list price of $524,450 which is $401.71 per sq. ft. of living area.

There are no Plantation Club Villas condos currently under contract.

4 Plantation Club Villas condos have sold in the past 12 months.  The sales prices ranged from $350,000 to $478,000. This is an average sales price of $411,750 which equals $306.83 per sq. ft. of living area.  These condos sold for an average of 93% of the list price. And, they were on the market for an average of 130 days before going under contract.

Click here to view the previous Plantation Club Villas market report!

About the Plantation Club Villas in Indian River Plantation:

Plantation Club Villas in Indian River Plantation on Hutchinson Island in Stuart Florida
Google Earth image

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 courses, or private preserves.

Plantation Club Villas in Indian River Plantation on Hutchinson Island in Stuart Florida

There are 48 two-bedroom two 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.

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 in Indian River Plantation on Hutchinson Island in Stuart Florida
Google Earth image

Click here to view available Plantation Club Villas for Sale

Plantation Club Villas for Sale

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

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

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

Plantation Club Villas Market Report December 2023

Martin County Townhouses and Condos October 2023 Market Report

11.26.23 by

Martin County Townhouses and Condos October 2023 Market Report

The Martin County Townhouses and Condos real estate market showed weaker sales activity when compared to last year. We continue to encounter headwinds of economic uncertainties, though mortgage rates have appeared to peak. Closed sales for the month were down by 30.9%.  They were down by 15.5% in September.  New sales under contract (new pending sales) were up by 13.3% from last year.  They were down by 10.4% in September.

Prices were mixed for October.  The median sales price decreased by 1.6% (was down by 4.7% last month). And, the average sales price increased by 24.2% (was up by 1.1% in September).

The available townhouses and condos inventory increased by 41 units to 376 properties.  This is a 53.5% greater supply of inventory than we had in October 2022.  Currently, there’s a 4.4-month supply of inventory (compared to 2.6 months for October 2022).  We remain in a seller’s market for townhouses and condos in Martin County, though trending towards a more balanced market. Typically, a balanced market favoring neither buyers nor sellers is considered to be one with a 6 to 7-month supply of inventory.

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

Martin County Townhouses and Condos October 2023 Market Report
Click here to download the full report

Search for previous Martin County townhouses and condos market reports

Recent County Market Report Posts:

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

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

Martin County Townhouses and Condos October 2023 Market Report

Martin County Single Family Homes October 2023 Market Report

11.25.23 by

Martin County Single Family Homes October 2023 Market Report

The Martin County Single Family Homes Market Report showed better-closed activity compared to last year. We continue to face economic uncertainties though mortgage rates appear to have peaked and have started to decline. The inventory of available homes for sale declined for the second month in a row. Closed sales were up by 19.4% from last year (they were down by 10.0% in September). At the same time, new pending sales increased by 10.7% compared to last year (which increased by 24.2% last month).

Prices were mixed for October as compared to last year.  The median sales price increased from last year by 0.7% (up by 4.8% in September) while the average sales price decreased by 21.1% (down by 5.3% last month).

The inventory of available single-family homes increased by 75 homes to 536. This is a 2.9% greater inventory than last October.  The current supply of homes is 3.3 months.  For October of last year, it was 2.9 months of supply.  We are still in a seller’s market for Martin County single-family home sales, but trending towards a more balanced market.  A balanced market favoring neither buyers nor sellers is considered a 6 to 7-month supply of inventory.

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

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

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

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

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

Martin County Single Family Homes October 2023 Market Report

Legacy Cove Real Estate Market Report November 2023

11.15.23 by

Legacy Cove Real Estate Market Report November 2023

For November 2023, there is 1 home available to purchase in Legacy Cove in Stuart, FL. The list price is $544,000 which is $273.78 per sq. ft. of living area.

Currently, there are no Legacy Cove homes under contract.

In the past 12 months, 9 Legacy Cove homes have sold. The sales prices ranged from $465,000 up to $700,000. This is an average sales price of $555,889 which works out to $267.88 per sq. ft. of living area.  These sales averaged 97% of the list price. And, they went under contract in an average of 48 days after going on the market.

Click here to view the previous Legacy Cove market report!

About Legacy Cove in Stuart FL:

Legacy Cove real estate in Stuart Florida
Google Earth image

This gated community of lakeside homes has 229 residences located just 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 real estate in Stuart Florida
Google Earth image

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 in Stuart Florida
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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
Clubhouse

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
Tot Lot

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

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

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

Legacy Cove Real Estate Market Report November 2023

Ocean House Real Estate Market Report November 2023

11.08.23 by

Ocean House Real Estate Market Report November 2023

November 2023 Market Report for Ocean House Condos in Indian River Plantation, Hutchinson Island in Stuart, FL

Currently, there are no condos on the market in Ocean House. The list price is $1,099,888 which is $820.81 per square foot of living area. 

There are also no Ocean House condos currently under contract and in pending status.

In the past 12 months, there have been 5 Ocean House condo sales.  Sales prices ranged from $850,000 up to $1,125,000.  This is an average sales price of $971,600 which equals $706.67 per square foot of living area.  These condos sold for an average of 92% of the list price. And, they went under contract in an average of 61 days after being listed.

Click here to view the previous Ocean House market report!

About Ocean House Condos in Indian River Plantation:

Ocean House condos in Indian River Plantation on Hutchinson Island
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Ocean House condos for sale:

One of the newest buildings in the Indian River Plantation, Ocean House, is also the most magnificent.  It consists 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 condo real estate in Indian River Plantation on Hutchinson Island in Stuart FL
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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 who need connectivity.

Ocean House condo real estate in Indian River Plantation on Hutchinson Island in Stuart FL

A heated pool and lanai area that’s perfect for lounging close to the beach, or walking 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.

Ocean House condo real estate in Indian River Plantation on Hutchinson Island in Stuart FL
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The Hutchinson Island Marriott Beach Resort and Marina stretch 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.

Ocean House at Indian River Plantation

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.

Search for all Ocean House Condos for sale

Search for Ocean House condos in Indian River Plantation on Hutchinson Island in Stuart FL.

Search for all Indian River Plantation Condos for sale

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

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

Ocean House Real Estate Market Report November 2023

Springtree Real Estate Market Report November 2023

11.07.23 by

Springtree Real Estate Market Report November 2023

For November 2023, there is 1 home available to purchase in Springtree. The list price is $565,000 or $338.32 per sq. ft. of living area.

There are no Springtree homes currently under contract.

4 Springtree homes have sold in the past 12 months.  Sales prices ranged from $429,900 up to $585,000.  This is an average sales price of $509,975 which equals $286.10 per sq. ft. of living area.  Sales prices averaged 98% of the list price and these homes took an average of 76 days to go under contract.

Click here to view the previous Springtree market report!

About the Springtree Community in Stuart FL:

Springtree in Stuart Florida
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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 is in the Martin County ‘A’ rated school district, with Pinewood Elementary School, Stuart Middle School, and Martin County High School.

Recent Springtree home sales:

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

Springtree in Stuart Florida

Search here for any available Springtree Homes for Sale

Springtree Homes for Sale

Springtree in Stuart FL

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

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

Springtree Real Estate Market Report November 2023

Stuart West Real Estate Market Report November 2023

11.06.23 by

Stuart West Real Estate Market Report November 2023

For November 2023, there are 7 homes for sale in the Stuart West community in Palm City Farms Florida. The list prices range from $1,025,000 up to $2,225,000 This is an average list price of $1,549,286 or $417.45 per sq. ft. of living area.

There is 1 Stuart West home currently under contract. The list price was $1,249,000 which is $262.45 per sq. ft. of living area. This home was on the market for 238 days before going under contract.

In the past 12 months, 12 Stuart West homes have sold.  Sale prices ranged from $630,000 up to $3,100,000.  This works out to an average sale price of $1,567,250 which is $380.84 per sq. ft. of living area.  These homes sold for an average of 92% of the list price. And, they averaged 77 days on the market before going under contract.

Click here to view the previous Stuart West market report!

About Stuart West in Palm City Farms FL:

Stuart West in Palm City Florida
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Stuart West is an upscale gated equestrian community located adjacent to 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 Florida
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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, a 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 is in Martin County’s ‘A’ rated school system.  And, the 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.

Stuart West in Palm City Florida
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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 Farms FL

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

Stuart West Homes for Sale

Search for Stuart West Homes for sale in Palm City FL

Vacant Land for Sale in Stuart West

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

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

Stuart West Real Estate Market Report November 2023

Fairwinds Cove Real Estate Market Report October 2023

10.29.23 by

Fairwinds Cove Real Estate Market Report October 2023

There are 2 condos currently available for sale in Fairwinds Cove on Hutchinson Island in Jensen Beach Florida. The list prices are $332,000 and $449,999. This is an average list price of $391,000 which works out to $354.81 per square foot of living area.

There are no Fairwinds Cove condos currently under contract.

In the past 12 months, 11 Fairwinds Cove condos have sold.  Sales prices ranged from $315,000 up to $395,000.  This works out to an average sales price of $362,636 which equals $312.98 per square foot of living area.  These condos sold for an average of 93% of the list price. And, they were on the market for an average of 81 days before going under contract.

Click here for the previous Fairwinds Cove market report!

About Fairwinds Cove in Jensen Beach FL:

Fairwinds Cove real estate on Hutchinson Island in Jensen Beach Florida
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Located in beautiful Jensen Beach, Florida on the East side of the Jensen Beach Causeway is Fairwinds Cove.  A waterfront condo complex of 10 four-story buildings with only 4 suites per floor.  Many of these condos with wonderful sweeping views of the Indian River (the Intracoastal Waterway that runs through Martin County).

Fairwinds Cove real estate on Hutchinson Island in Jensen Beach Florida
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This condo complex built in multiple phases from 1974 to 1983 boasts two swimming pools, tennis courts, shuffleboard, waterside walking paths, a recently refurbished clubhouse with a full kitchen, meeting room, fitness room, billiards, and more.

Fairwinds Cove is a non-age-restricted community that allows one small pet.  There is a strong sense of community with many long-time seasonal and full-time residents.  Located within an easy walk to the beach and just a short drive to charming downtown Jensen Beach as well as the many amenities offered in Martin County, Florida.

Fairwinds Cove real estate on Hutchinson Island in Jensen Beach Florida

Search for Fairwinds Cove Condos in Jensen Beach

Fairwinds Cove real estate on Hutchinson Island in Jensen Beach FL

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

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

Fairwinds Cove Real Estate Market Report October 2023

Martin County Single Family Homes 2023 3rd Quarter Report

10.27.23 by

Martin County Single Family Homes 2023 3rd Quarter Report

Click the image below to view the full details of the Martin County Single Family Homes quarterly data reported by Martin County Realtors.

Martin County Single Family Homes 2023 3rd Quarter Report

The Martin County single-family home real estate market is now showing weakness in the overall single-family home market. Prices were also slightly higher than last year. Inventory dropped for the first time in many months. However, sales remain quite active when compared to a normal market. The Martin County single-family real estate market remains in a strong seller’s market. I doubt that we will see any improvement in this market until rates begin to recede.

Click here to view/download the full report

View the entire set of data at GabeSanders.com

View previous Martin County quarterly reports

Martin County Single Family Homes 2023 3rd Quarter Report