February 2016 Market Update for Hunters Creek in Palm City FL

Currently in February, there is no homes on the market in Hunters Creek in Palm City, FL.

There is one home currently under contract (pending sale). This home was listed for $379,900 which is $147.99 per sq. ft. of living area. It went under contract 6 days after it was listed.

There have been 6 homes sold in the past 12 months in Hunters Creek. Sales prices were from $220,000 to $365,000 for an average sale price of $320,000 which equals $141.73 per sq. ft. of living area. These homes sold on average of 94% of the last listed price and were under contract on an average o30 days after being listed.

Hunters Creek in Palm City FL is a gated community of 68 homes located off of Mapp Road just north of the Oak Ridge subdivision and across the road from Harbour Pointe.

Homes in Hunters Creek were first completed in 1990 and the last home was built in 2001. There are no more vacant lots left to be built as this community is fully matured and built out. All homes are custom built and range in sizes from over 3,800 sq. ft. of living area to just under 1,700. From 5 bedroom pool homes on over a ½ acre of land down to 3 bedroom homes on just over a quarter of an acre.

HOA fees are a very reasonable at under $100 per month. This covers the common areas and security gate along with basic cable TV.

Hunters Creek is very conveniently located near the Palm Cove Golf Club as well as quick access to Florida’s Turnpike and I-95. Also, just a few minutes away from the Palm City Bridge with access to downtown Stuart, Jensen Beach and the beaches of the Atlantic Ocean on Hutchinson Island.

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February 2016 Market Update for Hunters Creek in Palm City FL

Stuart Florida Market Report ZIP Code 34994 Residential January 2016

02.11.16 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Residential January 2016

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

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

There are currently 59 active listings (Unchanged from December)

14 Residential sales are pending and awaiting close or lender approval (Decreased by 4 homes from last month).

1o Homes Sold in December (Down by 2 homes from December)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a weaker month to begin the new year after a very strong finish to 2015.

The one month absorption rate for the 34994 zip code for January jumped to 5.9 months from last months 4.9 months. Just about a balanced market 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 January 2014 numbers were 85 Active Listings, 37 pending sales and 9 closed sales. Much more active market back last year, though closed sales just edged out last years numbers. We could use more active listings in the 34994 zip code of Stuart FL.

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Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 Residential January 2016

Foxwood Stuart FL February 2016 Market Update

02.09.16 by Gabe Sanders

Foxwood Stuart FL February 2016 Market Update

As of Feb 2016, there is only one home on the market in the Foxwood equestrian community in Stuart, FL. The list price is $550,000 which is $175.22 per sq. ft. of living area.

There is one home under contract which has not completed the sales process. The listing price is $369,900 or $109.80 per sq. ft. of living area. This home was on the market for 134 days prior to going under contract.

In the past 12 months there were 4 sales in this western Stuart community. Sales prices ranged from $415,000 to $525,000 for an average of $477,500 which equals $155.66 per sq. ft. of living area. These sales averaged a 94% list to sales ratio and an average of 110 days on the market.

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. Horses are permitted with a zoning of one horse per acre. Foxwood was designed with Florida’s natural environment in mind. Every Foxwood home is custom built with the residents encouraged to keep some natural habitat in place. Recently, a rare Florida Panther was seen going through Foxwood.

Association fees are a very reasonable $450 per year. These fees cover maintenance of the private roads, sanitation and management fees. More information about the Foxwood Property Association can be found at this community’s property association web site: Foxwood Property Association of Stuart Florida

Construction of homes in Foxwood began in 1978. Four phase 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.

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

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Stuart Florida Real Estate

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Foxwood in Martin County Florida

Royal Oak Towers B-3 Under Contract

02.08.16 by Gabe Sanders

Royal Oak Towers B-3 Under Contract

This condo in the Royal Oak Towers of Stuart FL is no longer available for showings as it has gone under contract through the marketing efforts of the Gabe Sanders BlueWater realty team. The listed price was $123,500.

A light and bright 2 bedroom, 2 bathroom condo in the beautiful downtown Stuart area. Open living room/dining room combo with pass through to kitchen. With new hurricane impact windows throughout the building. Your screened patio overlooks the fountain in the courtyard. And lots of windows to give you great natural light. High ceilings. There is 1 covered parking space with easy access to elevator (Pickups and motorcycles allowed). Close to downtown Stuart, restaurants, shops and Lyric Theater and a short walk to the Hospital. Beaches, boating and fishing are also only minutes away. All ages are welcome and 1 large pet is allowed. This is a very well maintained unit.

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Royal Oak Towers B-3 Under Contract

Martin County December 2015 Market Report

02.04.16 by Gabe Sanders

Martin County December 2015 Market Report

“For Martin County, Florida Realtors® reported that the number of closed home sales in December
improved 13.81 % from December, but dropped 9.6% year-over-year. Pricing, however, continued to
appreciate compared to last year with our median sale price for December increasing 5.3% to $300,000, and our average sale price advancing upward by 18.4% to $484,702. Meanwhile, inventory continued to remain low, keeping our monthly supply at 4.9 months and median days on market at 38 days. ‘Tis the season for sellers – prices are up, inventory is down, and higher end homes are selling! If you wish to list your home, be sure to use your local REAL TOR®.”

Give us a call if you have any questions or require information about the current real estate market in Martin County.
(772) 323-6996

Martin County December 2015 Market Report

December 2015 Monthly Market Detail Martin County Townhouses and Condos

01.30.16 by Gabe Sanders

December 2015 Monthly Market Detail Martin County Townhouses and Condos

December 2015 Monthly Market Detail Martin County Townhouses and Condos showed a somewhat slight improvement after two slower months of sales activity. Closed sales were up by 1.8% (was down by 18.7% in November) and new sales under contract (new pending sales) were down by 23.9% from December 2014 (decreased by 5.7% in November). The decrease in pending sales is a bit troubling for future months.

Even though the sales volume is off, prices continue to rise and very strong rates. The median sales price was up by 27.1% (was up by 18.4% in November) while the average sales price increased by 9.2% (was up by 38.2% in November) as compared to December of 2014.

The inventory of available townhouses and condos has increased by 13 units to 411 properties from last month. The second month of increased inventory, though this is still 19.3% below the December 2014 inventory. Currently, there’s a 3.8 month supply of inventory (a 19.3% decrease from last year). Still in a strong sellers market for townhouses and condos for Martin County. The reduced inventory along with the strong demand continues to impact prices in Martin County.

Click here to view or download the full report:
December 2015 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.

December 2015 Monthly Market Detail Martin County Townhouses and Condos

December 2015 Monthly Market Detail Martin County Single Family Homes

01.29.16 by Gabe Sanders

December 2015 Monthly Market Detail Martin County Single Family Homes

The December 2015 Monthly Market Detail Martin County Single Family Homes ended the year with weaker sales volume than last year, while prices continue to rise. Year to year closed sales were down by 9.6% (was up 6.5% in November). New pending sales decreased by 10.6% as compared to December of 2014 (Increased by 4.9% in November).

Prices continue their upward march. The median sales price was up by 5.3% from last year (up by 13.0% in November) while the average price increased by 18.4% (was up by 30.6% last month). A little slower rate of appreciation as compared to last month, but still very strong growth in values.

The inventory of available single family homes increased from last month by 12 homes to 1141 units this month, and this inventory is 11.2% less than last December. Current supply of homes is 4.9 months, for November of this year it was a 4.8 months supply. (This is a 21.0% decrease from last year). Continuing as a strong sellers market. The reduced inventory is the current cause of the slower sales volume. Hopefully, with the increase in values there will be some increasing inventory in the months ahead.

Click here to view or download the full report:
December 2015 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.

December 2015 Monthly Market Detail Martin County Single Family Homes

January 2016 Archipelago Real Estate of Sewalls Point Market Update

01.27.16 by Gabe Sanders

January 2016 Archipelago Real Estate of Sewalls Point Market Update

For January of 2016 there are two active listings on the market in the Archipelago of Sewalls Point. Listing prices are $1,550,000 and $2,175,000 for an average list price of $1,966,666 or $517.56 per sq. ft.

There is one home currently under contract. It was listed for $979,000 or $289.05 per sq. ft. and was on the market for 3 days prior to this offer being accepted.

In the past 12 months, there have been no homes sold in the Archipelago of Sewalls Point. The last sale was over a year and a half ago on 4/30/2014 which was a $735,000 sale price.

Located in the prestigious town of Sewalls Point, Florida the Archipelago is a non gated neighborhood of all waterfront homes with access to the crystal clear waters of the Atlantic Ocean through the Saint Lucie Inlet in Martin County, Florida. All the homes in the Archipelago are on either the wide waters of the Indian River or located on deep water canals. The Saint Lucie Inlet to the Atlantic is less than two miles away by water. Access is maintained by dredging all Archipelago waterways to 6’. Homes range from modest older frame homes, to spectacular estate lots with magnificent views.

View of the Archipelago of Sewalls Point

The link below will take you to all currently available Archipelago homes in Sewalls Point, Florida

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January 2016 Archipelago Real Estate of Sewalls Point Market Update

Lake Tuscany January 2016 Market Report

01.26.16 by Gabe Sanders

Lake Tuscany January 2016 Market Report

As of January 2016, there are 2 homes available for sale with listing prices from $419,900 to $429,000 for an average list price of $424,450 which is a price per square foot of living area of $146.67.

There are no homes currently under contract and awaiting settlement in Lake Tuscany.

In the past 12 months, 6 homes have sold in Lake Tuscany ranging in sales price from $335,000 to $460,000 for an average sales price of $381,416 which equals $126.35 per sq. ft. of living area. These homes took an average of 86 days on market to go under contract and sold at 97% 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 January 2016 Lake Tuscany Real Estate Update in 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
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Lake Tuscany January 2016 Market Report

Portofino Condos at Jensen Beach January 2016 Market Update

01.24.16 by Gabe Sanders

Portofino Condos at Jensen Beach January 2016 Market Update

As of January 2016 there are two condos available for sale in Portofino. These two are listed for $84,900 and $150,000 for an average list price of $117,450 which equals $124.09 per sq. ft. of living area.

There are no condos pending at this time.

In the past 12 months, 7 Portofino condos have sold, ranging in sales price from $61,500 to $135,000 for an average sales price of $92,364 which equals a price per sq. ft. of $90.63. The average days on market was 13 and the average list to sales price ratio was 95%.

Portofino condos remain in high demand and sales prices continue to rise. Many of the units continue to be controlled by the former developer who has not released them for sale and continues to run a rental program.

Portofino Condos at Jensen Beach are one of the newest condominium subdivisions in Martin County. Originally built as an upscale apartment complex around 2000, this development was turned into condominiums and began sales in 2005. Due to the downturn in the housing market, not all units were sold and some are now being offered for lease. Portofino Condos at Jensen Beach January 2016 Market Update features 1, 2 and 3 bedroom units with separate garage parking as an added purchase when available. Unit sizes are 802 sq. ft. for the 1 Bedroom 1 bath, 1074 sq. ft. for the 2 Bedroom 2 bath, and 1252 sq. ft. for the 3 Bedroom 2 bath.

Portofino Condos at Jensen Beach

The Condo Owners Association fees range from $190 to $315 per month depending on unit size and for garage owners, there’s an additional $20 per month charge. Fees include the extensive grounds and gated entry as well as the amenities, which include a large community pool, heated whirlpool, state of the art fitness center, indoor racquetball court, tennis court, playground and a private clubhouse with a full kitchen.

All ages are welcome in Portofino Condos at Jensen Beach. Children attend Martin County’s highly rated school system, currently at Jensen Beach elementary school, Stuart middle school and Jensen Beach high school. Portofino Condos is close to the Treasure Coast mall as well as numerous shops and restaurants, medical facilities and only a few minutes to the waterways of Martin County and the beaches of Hutchinson Island.

Portofino Condos at Jensen Beach

For information about sales or rentals of Portofino Condos in Jensen Beach, please call the Gabe Sanders real estate team at 772-323-6996 or contact us here.

Jensen Beach Florida Real Estate

Residential Homes, Condos and Land
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Portofino Condos at Jensen Beach January 2016 Market Update

Hobe Sound FL 33455 Condo Market Report December 2015

01.22.16 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report December 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for December 2015

For December 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 4 active condo listings. (Unchanged from November)

1 Condos are pending and awaiting close. (Unchanged from November)

1 Condos sold in November (Unchanged from November)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. With only 4 actively listed condos, there’s just not that many options out there for buyers. Amazingly, there were no changes from last month at all.

The current absorption rate is 4 months (Unchanged from last month). This absorption rate should be taken with a liberal grain of salt, as small changes in activity make for very large changes on percentages that may 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 December 2014 numbers were: 13 active listings, 6 pending sales and 5 closed sales. Much better activity last year with considerably more inventory to work with.

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Hobe Sound FL 33455 Condo Market Report December 2015

Jensen Beach FL 34957 Condo Market Report December 2015

01.20.16 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report December 2015

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for December 2015

For December 2015 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 37 active listings. (Increased by 1 condos from November)

12 Condo sales are pending and awaiting settlement. (Decreased by 5 condos from November)

7 Condos Sold (Increased by 5 condos from November)

The Jensen Beach FL 34957 Condo Market Report December 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic. Pending sales were down for December while there was a nice increase in closed sales.

The one month absorption rate for the December 2015, Jensen Beach Florida Market Report ZIP Code 34957 plunged to 5.3 months (from 18 months in November), bringing this segment of the Martin County condo market back into a sellers market again, after one month as a buyers market. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The December 2014 numbers were: 44 active listings, 15 pending sales and 5 condos closed. Very similar numbers when compared to last year’s activity.

Jensen Beach Condominium Properties by Price

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Jensen Beach FL 34957 Condo Market Report December 2015

Palm City FL 34990 Condo Market Report December 2015

01.18.16 by Gabe Sanders

Palm City FL 34990 Condo Market Report December 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for December 2015

For December 2015 in the 34990 Zip Code area of Palm City, Florida :

There are currently 52 active condo listings. (Decreased by 1 condos from November)

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

4 Condos Sold in December. (Down by 4 condos from November)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. For December sales were off while the inventory and pending sales were just about unchanged.

The current absorption rate for condos in the 34990 zip code area plunged to 13 months (was 6.6 months in December). Back into a buyers market for Palm City condos. A balanced market is considered to be an absorption rate of around 6 to 7 months.

The December 2014 numbers were: 61 active listings, 6 pending sales and 6 closed sales. Somewhat better activity last year, but only marginal. If the lower inventory is considered there’s a better percentage of activity this year.

Palm City FL 34990 Condo Market Report December 2015

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Palm City FL 34990 Condo Market Report December 2015

Updated Oceanfront Penthouse Condo in Indian River Plantation Just Listed

01.13.16 by Gabe Sanders

Updated Oceanfront Penthouse Condo in Indian River Plantation Just Listed

New on the market for $595,000. Suite 409 in the Plantation House of Indian River Plantation on Hutchinson Island in Stuart, FL

Live like you’re on a vacation every day in this totally updated oceanfront penthouse (4^th Floor) condo in Indian River Plantation on Hutchinson Island in Stuart FL. This spacious 2 bedroom, two bathroom condo has had just about everything re-done within the past few years. Enjoy wonderful ocean views, community pool and the amenities available through the Marriott Resort beach club, which includes golf, tennis, fitness center, deep water marina and more. This condo comes with one under building covered parking.

The Plantation House is an elevator building with controlled access through the lobby. Located directly on the ocean with a heated pool, barbecue area and numerous amenities only a short walk away. Some of the updates include hurricane resistant sliding windows, new AC in 2014, newer doors (both interior and exterior), custom closet treatments, totally redone bathrooms with lots of storage, crown molding, newer tile and carpets, custom kitchen cabinets with Corian countertops and tray ceiling. This is a pet friendly building allowing for up to two pets. No age restrictions.

You’ll love the carefree Island life right in Stuart from your luxury Hutchinson Island condo. Yet still just a short ride to downtown Stuart, shopping, restaurants and all the wonderful amenities that Martin County has to offer.

Located on the shores of the Atlantic Ocean, the Plantation House Condos are within the Indian River Plantation are of South Hutchinson Island which is the finest resort community in Martin County/Stuart FL.

The Plantation House was built in 1979 and has 39 2 bedroom, 2 bathroom condos that 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.

Current condo and management fees are around $567 per month.

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

Click here to view avai lable Plantation House condos 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 Club Villas, Resort Villas, River Village, Riverbend, Riverwood, Tennis Villas

Stuart Florida Real Estate
Residential Homes, Condos and Land
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Updated Oceanfront Penthouse Condo in Indian River Plantation Just Listed

Stuart Florida Market Report ZIP Code 34994 Residential December 2015

01.11.16 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34994 Residential December 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for December 2015

For December, 2015 in the 34994 Zip Code area of Stuart, Florida :

There are currently 59 active listings (Decreased by 2 homes from November)

19 Residential sales are pending and awaiting close or lender approval (Decreased by 6 homes from last month).

12 Homes Sold in November (No change from November)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida showed little changes from the previous month. Sales were unchanged while both pending sales and active inventory both dropped slightly.

The one month absorption rate for the 34994 zip code for December decreased to 4.9 months from last months 5.1 months. Still a sellers market for the 34994 zip code area of Stuart, FL.

The December 2014 numbers were 89 Active Listings, 24 pending sales and 12 closed sales. Considerably less inventory for 2015 as compared to last year. Though sales are still equal to 2014.

Search here for Stuart Florida Real Estate for Sale

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Stuart, FL Real Estate

Rental Properties

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

Condominium Properties

Vacant Land Properties

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Stuart Florida Market Report ZIP Code 34994 Residential December 2015

January 2016 Copperleaf Market Report

01.06.16 by Gabe Sanders

January 2016 Copperleaf Market Report

There are currently 5 homes actively listed in Copperleaf in Palm City, Florida. List prices range from a low of $349,900 to a high of $1,095,000. The average list price is $699,260 which equals $213.58 per square foot of living area.

There are two homes under contract awaiting closing. The list prices are $284,900 and $327,000 which averages to a $305,950 list price and $149.05 per square foot of living area. These homes averaged 52 days on market before accepting these offers.

In the past 12 months, 19 homes have sold in Copperleaf with an average sales price of $425,231 at $140.32 per square foot of living area and at 96% list to sales price ratio. The lowest sales price was $270,000 while the highest was $1,050,000. These sales averaged at 96% of the last list price and were under contract in an average of 61 days.

Copperleaf in Palm City FL was first developed by Centex Homes with the first homes constructed and sold in 2007. New construction continues to the present now under the name of Pulte Homes. As of this writing there are 123 homes in Copperleaf. Though, construction continues with room for considerably more homes.

Home sizes range from estate size homes on over ½ an acre with more than 6,000 sq. ft. of living area down to smaller 3 bedroom, 2 bath homes with 2 car (or more) garages of 1,705 sq. ft. Copperleaf is conveniently located close to both Florida’s Turnpike and I-95 yet just minutes to shopping, restaurants and the well-respected schools that Martin County has to offer. Only a few more minutes and you can be on the beach or launch your boat at one of the many boat ramps in the area.

Copperleaf offers is a gated community with a manned gate by the beautiful entrance. There’s a clubhouse with exercise facilities, two tennis courts, a community pool and a playground for the little ones. As of this writing, the Home Owner’s Association fees are $233 per month. These fees cover Basic Cable TV, Manager, Recreational Facilities, Reserve Fund, Security and Trash pickup.

There are excellent new construction opportunities as well as re-sales available in Copperleaf of Palm City FL. Call us for details.

Currently, these homes are available for sale in Copperleaf Palm City

For any questions you may have about Copperleaf 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
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January 2016 Copperleaf Market Report

Downtown Stuart Condo New Price

01.04.16 by Gabe Sanders

Downtown Stuart Condo New Price

Unit B-3 in the Royal Oak Towers of Stuart FL is now offered for $123,500 through the Gabe Sanders BlueWater realty team.

Search for Another Royal Oak Towers Condos for Sale

More information about Stuart Florida Real Estate can be found on the Gabe Sanders BlueWater Realty team’s web site.

Downtown Stuart Condo New Price

Martin County November 2015 Market Report

12.30.15 by Gabe Sanders

Martin County November 2015 Market Report

“As we have seen throughout the year in our county, property values continue to appreciate, while supply remains low. The median sale price for single family homes is up 13% compared to last November, according to Florida Realtors®, and our months’ supply of inventory is down 21.5% to 4.8 months. Will these trends continue? All indications seem to suggest low supply and higher prices will remain for at least another year. Whether you are buying or selling, seek the expertise of a local REALTOR® who can help you navigate through the unique challenges of Martin County’s real estate market,” said John Slivon, Treasurer of the Realtors® Association of the Palm Beaches (RAPB).

Give us a call if you have any questions or require information about the current real estate market in Martin County.
(772) 323-6996

Martin County November 2015 Market Report

November 2015 Monthly Market Detail Martin County Townhouses and Condos

12.27.15 by Gabe Sanders

November 2015 Monthly Market Detail Martin County Townhouses and Condos

November 2015 Monthly Market Detail Martin County Townhouses and Condos is showing weaker closed activity year to year for the second month in a row. Closed sales were down by 18.7% (was down by 5.7% in October) and new sales under contract (new pending sales) were down by 5.7% from November 2014 (decreased by 12.9% in October).

Even though the sales volume is off, prices continue to rise and very strong rates. The median sales price was up by 18.4% (was up by 4.0% in October) while the average sales price increased by 38.2% (was down by 2.2% in October) as compared to November of 2014.

The inventory of available townhouses and condos has increased by 25 units to 398 properties from last month. It’s good to see some increased inventory, though this is still 20.3% below the November 2014 inventory. Currently, there’s a 3.7 month supply of inventory (a 20.3% decrease from last year). Still in a strong sellers market for townhouses and condos for Martin County. We are heading into the slower season for condo sales and I expect to see a little more weakening for our market until after the holidays.

Click here to view or download the full report:
November 2015 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.

November 2015 Monthly Market Detail Martin County Townhouses and Condos

November 2015 Monthly Market Detail Martin County Single Family Homes

12.26.15 by Gabe Sanders

November 2015 Monthly Market Detail Martin County Single Family Homes

The November 2015 Monthly Market Detail Martin County Single Family Homes continues to show improvement both annually and monthly. Year to year closed sales were up by 6.5% (was up 13.4% in October). New pending sales increased by 4.9% as compared to November of 2014 (decreased by 19% in October).

Prices continue their upward march. The median sales price was up by 13.0% from last year (up by 15.6% in October) while the average price increased by 30.6% (was up by 12.3% last month). This very strong price trend is a bit troubling as it seems to be at much to high of a pace to be sustainable for the long run. I expect some moderation of these increases in the near future.

The inventory of available single family homes decreased from last month by 33 homes to 1129 units this month, and this is inventory is 10.4% less than last November. Current supply of homes is 4.8 months, for October of this year it was a 4.9 months supply. (This is a 21.5% decrease from last year). The Martin County single family real estate market remains in a sellers market. I was hoping for another month of increasing inventory, but this hasn’t happened. Possibly for December and/or January we’ll have some additional homes for sale.

Click here to view or download the full report:
November 2015 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.

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