The Yacht and Country Club of Stuart August 2015 Market Report

08.04.15 by

The Yacht and Country Club of Stuart August 2015 Market Report

August 2015 Market Update:

There are 7 homes currently for sale in the Yacht and Country Club of Stuart.  Listing prices are from $215,900 to $499,000 for an average list price of $380,271 which works out to $154.30 per sq. ft. of living area.

There are currently 4 homes under contract ranging in list price from $269,000 to $570,000.  The average list price of these pending sales is $372,225 or $157.81 per sq. ft. of living area.

36 homes have sold in the past 12 months.  Ranging in sales price from $184,000 to $740,000.  The average sales price was $350,565 which comes out to $138.43 per sq. ft. of living area.  These homes sold on average in 84 days with sales prices at 94% 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 Yacht and Country Club of Stuart, Florida Clubhouse

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 Yacht and Country Club of Stuart, Florida Canal

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.

The Yacht and Country Club of Stuart, Florida Homes

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.

The Yacht and Country Club of Stuart, Florida Homes

Truly a wonderful place to call home.

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

The Yacht and Country Club of Stuart August 2015 Market Report

Strategic Planning Should be Part of Hobe Sound Home Remodeling

07.30.15 by

Strategic Planning Should be Part of Hobe Sound Home Remodeling

 Hobe Sound real estate in Martin County FL

The number of households belonging to older adults is on the rise across the nation, and (let’s face it) the homes themselves aren’t getting any younger. So states the Harvard University’s Joint Center for Housing Studies’ Housing Perspectives (JCHS), which recently published the projection that, if true, makes it likely that Martin County home remodeling activity will spike in the coming years.

Abbe Will, research analyst for JCHS drew this conclusion:

“Since much of the housing stock is currently ill-equipped with even basic accessibility features, older homeowners aging in place will need to invest in retrofitting their homes in order to age comfortably and safely.” In other words, even for homes which remain in their owners’ hands, home remodeling activity could grow markedly.

Home remodeling is no minor industry. Home improvement expenditures by older homeowners already topped $90 billion in 2013—making it a significant economic contributor. Now the JCHS projects that it could surge by an extra $17 billion annually over the next three years. Welcome news indeed for the construction and design industries, who had been in the doldrums until recently.

But what does this mean for Hobe Sound homeowners who plan to sell in the near future? When considering a remodel, if you want your home to attract potential older buyers, consider the innovations modern designs have made for individuals in that demographic group. That will be the competition.

JCHS’s analysis notes, “… not even a third of (existing) homes have what could be considered basic accessibility features, such as a no-step entry and bedroom and full bathroom on the entry level.” Both young and old can appreciate other features, as well. Wider hallways in a kitchen remodel is one example. Another is bathrooms showers with ‘edgeless’ design, which holds appeal both to Millennial buyers (for the sleek, modern look) and to seniors with limited movement. A bedroom on the main level that can readily be converted to a master if needed can be attractive to older homeowners—and also to anyone looking for a guest or au-pair suite. Investing wisely by thinking long-term when it comes to home remodeling plans is part of strategic home ownership. If you are considering selling your Hobe Sound home at some point, it doesn’t hurt to inform yourself about forward-looking trends.

Wondering what today’s buyers are looking for? I’m here to help with all your Martin County real estate-related concerns: call me anytime this summer!

Hobe Sound Homeowners Should Expect Home Remodeling Increase

Credit Score Fallacies Shouldn’t Stymie Palm City Home Buyers

07.28.15 by

Credit Score Fallacies Shouldn’t Stymie Palm City Home Buyers

 

Most Americans have now arrived at the conclusion that it is a good time to buy a home. That’s the top line analysis from one of the country’s major mortgage creators, but there’s a secondary finding about credit scores that could also have a sizeable impact on Palm City real estate activity. Some would-be Martin County homeowners would benefit from learning the information—which is about misinformation.

The second annual “Wells Fargo Homeownership Survey” is a national survey of 2,016 respondents, and the source upon which last week’s Franklin Codel analysis is based. The excellent news for current and soon-to-be Palm City home sellers is that a whopping 72% of respondents think now is a good time to buy a home. Most Americans also agree that “owning a home remains a vital part” of the American dream— and continues to be a key element in the strength of the nation.

Running counter to that upbeat survey result is the finding that despite the efforts of lenders (and the government) to make credit more available to potential mortgage applicants, two misconceptions are widespread enough that they are “holding many potential buyers back.”

The misinformation:

  • The misconception that every buyer must have at least 20% for a down payment; and
  • A belief that credit scores alone determine whether an applicant will land a home loan

Under the heading The legend of the 20% down payment, Wells Fargo’s Codel points out that 36% of the general population (and larger proportions of minority groups) qualify for loans with lower down payment options— some of them as low as 3%.

But equally illuminating is what Codel has to say about the importance of credit scores. He is the head of mortgage production at Wells Fargo, so Martin County home seekers can be expected to pay attention to what he has to say, which is that credit scores are not as all-important as most people think. Because creditworthiness is not determined based on a single factor, homebuyers should do some investigating of their options “before excluding themselves based on credit scores alone.” And when it comes to the actual scores themselves, it’s not true that a ‘good credit score’ has to be above 780. There are multiple models and investor guidelines—and under some of them, more than 660 “is generally considered good.”

If it’s true that Palm City homebuyers agree that now is the time to make a foray into the market, it’s refreshing (and rare) to hear a top mortgage lending insider provide that kind of encouragement. His conclusion is that the cited misconceptions can be overcome with a “better understanding of how credit works”—and that a good lender will use a borrower’s “entire financial picture, not just credit score” to decide whether to issue a mortgage.

The takeaway is for prospective buyers to do some investigating to find out what their home owning prospects actually are: they might be pleasantly surprised. A good place to start: giving me a call!

Credit Score Fallacies Shouldn’t Stymie Palm City Home Buyers

June 2015 Monthly Market Detail Martin County Townhouses and Condos

07.28.15 by

June 2015 Monthly Market Detail Martin County Townhouses and Condos

June 2015 Monthly Market Detail Martin County Townhouses and Condos showed very strong activity for June after a somewhat slow couple of months for the early summer and late spring.  Year to year closed sales were up by 36.1% (was down by 4.7% in May) and new sales under contract (new pending sales) were down by 9.6% from June 2014 (increased 11.7% in May).

The median sales price was up by 14.5% (was up by 38.0% in May) while the average sales price increased by 15.8% (was up by 42.2% in May) as compared to June of 2014.  Continuing a fairly roller coaster ride of prices this year.

The inventory of available townhouses and condos has decreased by 22 units to 402 properties from last month, this is 28.0% less inventory than was available in June of 2014.  For June there was a 3.6 month supply of inventory (a 35.7% decrease from last year).  A very strong sellers market for townhouses and condos in Martin County.  Buyers are in need of additional inventory for their potential purchases.

June 2015 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
June 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.

June 2015 Monthly Market Detail Martin County Townhouses and Condos

June 2015 Monthly Market Detail Martin County Single Family Homes

07.27.15 by

June 2015 Monthly Market Detail Martin County Single Family Homes

The June 2015 Monthly Market Detail Martin County Single Family Homes rebounded nicely from last months disappointing sales volume.  Year to year closed sales were up by 28.8% (was down 2.6% in May). New pending sales increased by 2.1% as compared to June of 2014 (increased by 1.1% in May).

The median sales price was down by 5.4% from last year (down by 1.1% in May) while the average price increased by .05% (was up by 13% last month).  Continuing to show some weakness in what has been an exceptionally strong rate of price increases for the past two years.

The inventory of available single family homes decreased from May 2015 by 49 homes to 1038 units this month, and this is also a 25.4% decrease from last June.  Current supply of homes decreased to 4.5 months from May’s 4.8 months supply. (A 37.7% decrease from last year). The Martin County single family real estate market continues as a strong sellers market, though there are some major issues appearing recently.  Primarily the lack of inventory of available homes for sale.

Click here to view or download the full report:
June 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.

June 2015 Monthly Market Detail Martin County Single Family Homes

Think Like a Skeptic When Picking a Jensen Beach Home for Sale

07.26.15 by

Think Like a Skeptic When Picking a Jensen Beach Home for Sale

Spacious 4 BR Jensen Beach Home

If you are among this July’s consumers who are actively shopping for a home for sale in Jensen Beach, you have probably already taken a look at the Martin County listings and most likely jotted down some addresses you’d like to examine in detail. Then, if you find yourself in the happy situation of finding more than one Treasure Coast home for sale that passes your first in-person tour visit, the tough question arises about how to pick between two or more quality homes. Should you depend upon your emotional leanings—even if a few practical details seem to point you in the opposite direction? Or should you simply let price be the determining factor? Or is there some other criterion the most experienced house hunters rely on?

Of all the factors that could go into that decision, truthfully, pointing out which are the most important is always a subjective exercise (all except for one I’ll bring up last). Here are some of the most useful ones:

  • Compare the neighborhoods, and take a close look the adjacent streets. Drive by the properties at different times of the day and at least once on a weekend. See how the neighbors keep their homes. Neglected lawns (or bars on too many windows) are not signs you may want to ignore—just as uniformly well-kept landscaping should count on the positive side.
  • Next visit to the candidates, do a consciously thorough walk-over. Pace the perimeter of the home and lot. Look for fencing issues you might need to address, or even how intrusive neighbors’ windows might be. Check for signs of water pooling anywhere on the lot with an eye to whether drainage problems could become an issue when the rains come.
  • If there is another home for sale on the street, drive the immediate area looking for more. If there is more than one home for sale, check the web to see if there are too many—or enough that it indicates that values are in flux. If it appears there are many—but no reason other than chance—it could be a good sign that your offer will be very welcome!

What is that less subjective factor (the one I said I’d bring up last)? It’s one that calls for becoming more skeptical than you really are: one that has you pretending to be a member of the public at large who doesn’t feel particularly drawn to either of the homes for sale you are comparing.

Put yourself into that mindset—then judge which of the homes will be easier to sell in a future where you have decided to move on. Deep-six your idiosyncratic leanings, and concentrate on elements that the majority of people would agree are those that add or subtract resale value. Experienced house hunters have bought and sold often enough that they are keenly aware of how much easier it is to sell a home that has universal appeal—even over one that’s more personally attractive. Keeping aware of the personal factors that may make you comfortable but which could adversely affect resaleability will help you determine a property’s future value to others (and, many would argue, that is the real value!)…

This summer, we’re fortunate to have a market that offers many Jensen Beach homes for sale offering exceptional value. I hope you’ll give me a call to help find your family’s next home!

Think Like a Skeptic When Picking a Jensen Beach Home for Sale

Royal Oaks Tower Condo in Downtown Stuart Sold

07.25.15 by

Royal Oaks Tower Condo in Downtown Stuart Sold

Royal Oaks Tower Condo in Downtown Stuart Sold

Fantastic downtown Stuart location in the Royal Oak Towers of Stuart FL has been sold by the Gabe Sanders BlueWater realty team.  The sales price was $95,000. This condo was sold prior to actually coming onto the MLS, though it was through a cooperating broker.

Royal Oak Towers in Downtown Stuart

Downtown Stuart Condo, 2 bedroom, 2 bath completely renovated with tile floors, corian counter tops, stainless steel appliances, hurricane impact windows, 1 covered parking, top floor unit with elevator. Lots of natural light with open floor plan. Conveniently located, walk to downtown restaurants, the Lyric and shops. Just minutes from the beach.  All ages are welcome and 1 large pet is permitted.

Royal Oak Towers in Downtown Stuart Royal Oak Towers in Downtown Stuart

Royal Oak Towers in Downtown Stuart Royal Oak Towers in Downtown Stuart

Royal Oaks Tower Condo in Downtown Stuart Sold

Search for Royal Oak Towers Condos for Sale

Search the Martin County MLS

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

Royal Oaks Tower Condo in Downtown Stuart Sold

 

 

Sweet Sorrow? When it’s Parting Time with Your Realtor®

07.23.15 by

Sweet Sorrow? When it’s Parting Time with Your Realtor®

 

It’s true of any commercial offering: sometimes a perfectly saleable item doesn’t move off the shelves as rapidly as predicted. Real estate is no exception—not every Stuart home is sold as quickly as its owner and the property’s Realtor® wish. When that happens, and the term of the original listing expires, an important decision must be made: should the listing be renewed, or should another Stuart Realtor be enlisted to try a different approach?

If you have been dissatisfied with the amount of effort your current Stuart Realtor has demonstrated up to now, the decision will be easier than otherwise—especially if you have already communicated your impression and been less than overwhelmed by the response. You are right to expect that your Stuart Realtor will have posted attractive, accurate listing material for the MLS, has included your property in the advertising program that goes out to the community, and has been diligent and professional in showings and (if it was agreed upon) open house presentations. You should have been able to contact her or him within a reasonable amount of time when communications were called for, been satisfied by the punctuality of appointments when scheduled.

If performance in any of these basics has been unsatisfactory, it’s entirely reasonable to entertain a change in representation. On the other hand, if your Realtor has not disappointed in any dimension, you are left in a problematical situation—one which has no clear-cut solution. Whether or not your inclination is to stick with the team in place, to make the right decision you need more information. The best guidance is—get it!

  • Before you decide whether or not to extend the relationship, ask your agent to review the days on market (DOM) for similar nearby Martin County properties.  An analysis will show whether yours is the only slow-moving property, or whether it has simply hit a lull in neighborhood activity.
  • Ask yourself whether you have paid attention to the suggestions offered by your current Realtor.  If you have chosen to bypass any of them, this could be an appropriate point at which to reappraise.
  • If you have had many showings with few offers forthcoming, it’s a pretty good sign that your asking price is higher than prospective buyers believe is justified. If that’s the case, changing Realtors alone isn’t likely to have the desired effect. You’ll need to fix whatever problems visitors are seeing…or else lower the price.

If a hard-headed analysis tells you that switching Stuart Realtors is warranted, don’t worry too much about the reaction you will get. Most Realtors are very professional; they know that clients do occasionally change representation for a number of reasons, and that hard feelings are simply not warranted. Be ready to interview several agents and to compare what they offer. Pay extra attention to how they propose to stimulate activity—you are well-positioned to appraise their ideas!

For my clients, in addition to an energetic marketing approach, I put a premium on keeping the highest quality communications flowing at all times. Give me a call whenever you have a Martin County real estate query!

Hobe Sound FL 33455 Condo Market Report June 2015

07.22.15 by

Hobe Sound FL 33455 Condo Market Report June 2015

 

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

 

For June 2014 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 8 active condo listings. (Down by 1 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2015

2 Condos are pending and awaiting close. (Down by 2 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2015

6 Condos sold in May (Increased by 5 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2015

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  We are down to only 8 active listings in Hobe Sound for June.  So not much in the way of expectations for the immediate future until more condos come on the market for sale.

The current absorption rate is 1.3 months (Last month it was 8 months). The statistics within this segment should be taken with a grain of salt, as small changes in activity make for very large changes on percentages that June 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 June 2014 numbers were: 18 active listings, 4 pending sales and 2 closed sales.  Hardly any available condos for sale in Hobe Sound but still better volume of sales this year as compared to last.

Hobe Sound FL 33455 Condo Market Report June 2015

Search Hobe Sound Condominium Properties by Price

 

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report June 2015

 

Rocky Point July 2015 Market Update

07.21.15 by

Rocky Point July 2015 Market Update

Here is your Rocky Point July 2015 market update in Stuart Florida:

There are currently 33 active listings in Rocky Point.  List prices range from a low of $195,000 to $2,895,000 which results in an average list price of $655,834 or $229.57 per square foot of living area.

19 homes are under contract (pending sales) and awaiting closing.    Listing prices ranged from $165,000 to $1,400,000 for an average list price of $364,400 which is $163.97 per square foot of living area.

In the past 12 months, 73 homes have sold in Rocky Point with sales prices ranging from $65,000 to $1,035,000 for an average sales price of $285,739 which equals $149.26 per square foot of living area.  The average days on market was 96 with a 95% list to sales price ratio.

Rocky Point Homes for Sale in Stuart, Florida

 Rocky Point real estate

 

Rocky Point in Stuart, FL is a wonderful boating oriented community located just off the Saint Lucie Inlet in beautiful Martin County Florida.  Originally a fishing village because of its proximity to the Atlantic Ocean; Rocky Point is now a wonderful family community with a variety of different neighborhoods.  Most of Rocky Point is still oriented towards fisherman and boaters with many of the neighborhoods having access to docks, marinas and/or boat ramps.  Some neighborhoods have deeded dock rights as well as privately owned ramps and launch facilities.  There is also a selection of some luxury waterfront homes with private docks located only a short few minutes cruise to the open Ocean via the Saint Lucie Inlet and within a day’s round trip to the Bahamas.

 Rocky Point real estate

Bordering Rocky Point to the north and west is the Manatee Pocket.  Home of the original Stuart Sailfish fleet (Stuart continues to proudly boast that it’s the ‘Sailfish Capitol of the World’).  Now home to a number of Marinas, Charter fleets and the famous Chapman School of Seamanship as well as quite a few excellent restaurants serving the freshest seafood arriving from the Ocean straight to the kitchens daily.

 Rocky Point real estate

All this in wonderful family friendly neighborhoods within Martin County’s ‘A’ rated schools system.

Rocky Point real estate

One of the highlights of the year for Rocky Point is the Port Salerno Seafood Festival.  Held yearly in the winter, this free festival fills the streets of Historic Port Salerno.  In addition to serving up the area’s freshest and tastiest seafood, live music, community booths, arts & crafts, activities for the kids, pirates and more keep the entire family entertained the whole day.

Rocky Point real estate Admission is FREE, though attendees are asked to bring canned goods in exchange for zero admission to benefit a food drive for local food banks.

Rocky Point real estate

 

 

Search the Martin County MLS
Search here for available homes in Rocky Point

 

Find the Perfect Home for Sale Today

Prices are low and the inventory has been shrinking.  Don’t miss the opportunity of a lifetime.  Search instantly for any size, location, price range to get you the BEST deal around!!!

courtesy of:
the Gabe Sanders real estate team

Stuart Florida Real Estate

Rocky Point July 2015 Market Update

 

Jensen Beach FL 34957 Condo Market Report June 2015

07.20.15 by

Jensen Beach FL 34957 Condo Market Report June 2015

 

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

 

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



There are currently 31 active listings. (Increased by 1 condos from May)

Jensen Beach FL 34957 Condo Market Report June 2015

11 Condo sales are pending and awaiting settlement. (Decreased by 1 condos from May)

Jensen Beach FL 34957 Condo Market Report June 2015

5 Condos Sold (Decreased by 3 condos from May)

Jensen Beach FL 34957 Condo Market Report June 2015

 The Jensen Beach FL 34957 Condo Market Report June 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  Activity dropped off from the past few months very hot market to just a very good market for Jensen Beach condos.

The one month absorption rate for the June 2015, Jensen Beach Florida Market Report ZIP Code 34957 rose to 6.2  months (from 3.8 months in May), back into a long awaited balanced market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The June 2014 numbers were: 31 active listings, 10 pending sales and 3 condos closed.  Marginally better activity this year, though with such small numbers a trend is difficult to determine for this market.

Jensen Beach FL 34957 Condo Market Report June 2015

Jensen Beach Condominium Properties by Price


Jensen Beach Florida Real Estate presented by:
Gabe Sanders

 

Jensen Beach FL 34957 Condo Market Report June 2015

Palm City FL 34990 Condo Market Report June 2015

07.18.15 by

Palm City FL 34990 Condo Market Report June 2015

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

 

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



There are currently 51 active condo listings. (Down by 4 condos from May)

Palm City FL 34990 Condo Market Report June 2015

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

Palm City FL 34990 Condo Market Report June 2015

8 Condos Sold in June. (Up by 4 condos from May)

Palm City FL 34990 Condo Market Report June 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Fairly positive activity for June of 2015 with improving closed sales and pending sales.

The current absorption rate for condos in the 34990 zip code area declined to 6.4 months (was 13.8 months in August).   Sliding in the wrong direction for the Palm City condo market. A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The June 2014 numbers were: 56 active listings, 5 pending sales and 3 closed sales.   Somewhat better volume for the 2015 palm City condo market.
 Palm City FL 34990 Condo Market Report June 2015

Search for Palm City Condos by Price:

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report June 2015

Hobe Sound Real Estate Marketing is a Risky DIY Project

07.15.15 by

Hobe Sound Real Estate Marketing is a Risky DIY Project

 Hobe Sound FL real estate

If you are bound and determined to try to sell your Hobe Sound house without the aid of a real estate professional, you will quickly discover that one critical element that can’t be overlooked is marketing. Just planting a ‘For Sale by Owner” (FSBO) sign on the front lawn and taking an 8-line classified ad in the Stuart or Palm Beach paper is a good first step—but that’s all it is. Not only must you immediately embark on a do-it-yourself real estate marketing campaign, you will be doing so against competition from all the similar properties which will be promoted by the veteran voices of the real estate industry. It’s a true David and Goliath situation; but Goliath isn’t just a giant—he’s a superbly well-organized giant. If you’re going to be a David, you’d better arm your sling with more than pebbles!

Start with the product you will be marketing. While you are putting your house into top-notch presentation shape, first banish any temptation to overlook areas that need elbow grease or budget dollars to bring them up to top condition. Any defects that go uncorrected will be reason for lowered offers (or no offers at all). Remember that competing properties have Martin and Palm Beach County real estate marketing channels open to them, and will have been put on the market after consultation with experienced hands. Your ultimate ace in the hole can only be that of having a desirable property, well-situated and clean as a whistle. But that ace will only be relevant if your marketing effort brings a critical number of potential buyers through the front door!

Another key will be to hire the best real estate photographer in Hobe Sound, and on the appointed day, to give her or him reason to relish the day’s project! Photographers are in the business of presenting eye-pleasing products, but they can’t create what isn’t there. On the day of the shoot, arrange to be at the photographer’s side to help clear or rearrange objects that the lens ‘sees’ as superfluous or obstructive. When spaciousness is mission critical—as it is in real estate marketing—less is always more. The pro you’ve hired will be used to working with professional real estate agents (who sometimes pay their fees), so be quick to help where needed. The difference between great professional real estate photos and poor ones taken by an amateur is more critical in a FSBO situation, where the seriousness of the endeavor is automatically subject to scrutiny.

Ditto, the video or virtual tour. Real estate marketing in Hobe Sound does not in all instances require a video component—but most FSBO campaigns are launched without even considering the option. What is not optional in any serious offering is a well-written, technically correct Hobe Sound listing, so you should do your best to use every web outlet available to position your offering online, including a web site that facilitates gathering data from interested parties. There are also services that, for a price, will help you place your listing. Generally, you pay more for more exposure—frequently six to 10 times the base rate—with the enhanced deluxe packages usually including an MLS insertion, which is vital. When you remember that you are competing against Goliath, it’s no time to skimp!

You should also consider creating, printing, and distributing flyers, photo ads in the local press (real estate magazines, newspapers, etc.)—everywhere you are used to seeing Martin County real estate brokerage ads. All of which points to what most Hobe Sound home sellers eventually conclude: rather than reinventing the wheel, the other option is to team up with an Martin County real estate marketing professional…

If that’s your choice, I hope you’ll count me in!

Hobe Sound Real Estate Marketing is a Risky DIY Project

Stuart Florida Market Report ZIP Code 34994 Residential June 2015

07.11.15 by

Stuart Florida Market Report ZIP Code 34994 Residential June 2015

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

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

There are currently 64 active listings (Decreased by 8 homes from May)

Stuart Florida Market Report ZIP Code 34994 Residential June 2015

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

 Stuart Florida Market Report ZIP Code 34994 Residential June 2015

14 Homes Sold in May (Up by 1 homes from May)

Stuart Florida Market Report ZIP Code 34994 Residential June 2015

The 34994 ZIP code area of the Stuart, Florida took a small breather last month, but is back strong for June.  Both increased pending and closed activity.  Though, the reduced inventory is troubling.

The one month absorption rate for the 34994 zip code for June decreased to 4.6 months from last months 5.5 months, back to a strong sellers market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The June 2014 numbers were 71 Active Listings, 34 pending sales and 13 closed sales.  Similar activity to last year even though there’s reduced inventory.

Stuart Florida Market Report ZIP Code 34994 Residential June 2015

Search here for Stuart Florida Real Estate for Sale

 

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

 

Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 Residential June 2015

Royal Oaks Tower Condo in Downtown Stuart Under Contract

07.10.15 by

Royal Oaks Tower Condo in Downtown Stuart Under Contract

Royal Oaks Tower Condo in Downtown Stuart Under Contract

Fantastic downtown Stuart location in the Royal Oak Towers of Stuart FL has now gone under contract during the sneak peek version of this listing.  The list price was $99,900. If you have a condo that is in Martin County that you need to sell quickly and for the best price, give us a call for a no obligation consultation.

Royal Oak Towers in Downtown Stuart

Downtown Stuart Condo, 2 bedroom, 2 bath completely renovated with tile floors, corian counter tops, stainless steel appliances, hurricane impact windows, 1 covered parking, top floor unit with elevator. Lots of natural light with open floor plan. Conveniently located, walk to downtown restaurants, the Lyric and shops. Just minutes from the beach.  All ages are welcome and 1 large pet is permitted.

Royal Oak Towers in Downtown Stuart Royal Oak Towers in Downtown Stuart

Royal Oak Towers in Downtown Stuart Royal Oak Towers in Downtown Stuart

Royal Oaks Tower Condo in Downtown Stuart Under Contract

Search for Royal Oak Towers Condos for Sale

Search the Martin County MLS

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

Royal Oaks Tower Condo in Downtown Stuart Under Contract

 

 

July 2015 Archipelago Real Estate of Sewalls Point Market Update

07.09.15 by

July 2015 Archipelago Real Estate of Sewalls Point Market Update

For July of 2015 there are two active listings on the market in the Archipelago of Sewalls Point.  Listing prices are $1,550,000 and $1,995,000 for an average list price of $1,772,500 or $540.84 per sq. ft.

There are no homes are currently under contract.

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

Aerial of the Archipelago of Sewalls Point

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

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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Sewalls Point  Real Estate is presented by:

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July 2015 Archipelago Real Estate of Sewalls Point Market Update

Taking Title to Your Palm City House Involves Key Choices

07.08.15 by

Taking Title to Your Palm City House Involves Key Choices

 Palm City Title

When it comes to making legal distinctions, the ones connected with buying and selling Martin County houses have lasting consequences—so it’s important that they be the intentional kind. Although Three Dog Night might have sincerely believed that One is the Loneliest Number—that’s not necessarily the case when it comes to the title of an Martin County home.

The majority of Palm City houses are purchased by married couples. Families that remain intact can make property title issues relatively straightforward. But as the second half of the 20th century progressed, the culture became more accepting of people living together prior to marriage. Because of its impact on how people—especially couples—apply for home loans and refinances, the matter of legal title more often came into play.

I don’t offer legal advice, so will simply point out that there are key differences when you hear terms like Tenants in Common, Tenants by the Entirety, or Joint Tenants with Right of Survivorship. Being aware of those distinctions will allow future homeowners to choose which form will serve them best. Couples—especially those expecting to be married down the road—need to consider how things might change should they decide to refinance. It can make a difference if, for instance, a co-signer should later be required. When a Palm City homeowner refinances and adds a spouse who was not named on the original mortgage, the spouse may be added to the title or deed. Those and other changes to a property’s title then has tax implications. Married couples may acquire title automatically through Tenancy by Entirety, as well as through rights of survivorship.

The key is to understand the implication of single and joint ownership. In the event of divorce, as with any material change, other rules may apply, too—which is another reason to recommend a consultation with counsel to clarify all related issues.

It’s always an exciting moment when you are about to take on the ownership of a home—certainly cause for celebration. Yet it’s also important to have an honest discussion with your spouse in order to put any existing issues on the table. It’s amazing how many couples embark on home ownership (or refinancing) while dealing with significant relational issues. Some meet the issue by drafting a legal agreement that lays out what will happen with the property depending upon specified contingencies. Such agreements won’t carry weight with a mortgage company to effect removal of a person’s name from a mortgage in the case of divorce—in most cases, a home would have to be refinanced again to remove a spouse’s name from a mortgage.

Understanding the fine print can’t help but reduce the risk of unforeseen consequences down the line. Titles and title insurance may seem to be dull details that automatically confirm intended outcomes, but those outcomes have to be thought through and specified. The good news is they do get properly addressed every day in the course of acquiring a home. Pointing out the important details are just one element of my service: which is to help you every step of the way!

Taking Title to Your Palm City House Involves Key Choices

Lake Tuscany July 2015 Market Report

07.08.15 by

Lake Tuscany July 2015 Market Report

As of July 2015, there are 4  homes available for sale with listing prices from $429,000 to $450,000 at an average list price of $440,997 which is a price per square foot of living area of $113.71.

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

In the past 12 months, 8 homes have sold in Lake Tuscany ranging in sales price from $327,500 to $444,900 for an average sales price of $362,275 which equals $118.12 per sq. ft. of living area.  These homes took an average of 126 days on market to go under contract and sold at 96% of list price.

Lake Tuscany real estate Stuart FL

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 real estate Stuart FL Lake Tuscany real estate Stuart FL

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.

Lake Tuscany real estate Stuart FL Lake Tuscany real estate Stuart FL

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.

 Lake Tuscany real estate Stuart FL

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

For any questions you may have about July 2015 Lake Tuscany Real Estate Update in Stuart FL, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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

Lake Tuscany July 2015 Market Report

 

Martin County Renters Contemplate National Trend to Rising Rates

07.07.15 by

Martin County Renters Contemplate National Trend to Rising Rates

 Martin County rentals

“WHY YOUR RENT CHECK JUST KEEPS GOING UP” was the headline in CNN Money’s real estate special report last month, which could have explained to Martin County renters why it is that U.S. rents keep rising faster than home values. After all, that doesn’t seem to make sense!

The list of reasons was long, and taken all together, fairly convincing:

  • Millennials are renting longer
  • Housing inventory is tight and getting tighter
  • The housing crash scared those who would otherwise have become homeowners
  • Baby Boomers are downsizing
  • Rental construction slowed when confidence sank after the housing crisis

It all comes down to demand and supply—less of the latter, more of the former. Although the author may have exaggerated a detail or two (“…there just aren’t enough ‘For Rent’ signs to keep up with the demand”), more than one Stuart renter will probably agree with the gist of the piece: rents have been on the rise long enough that it makes you want to think about the alternative: buying.

Some of the more extreme cases are urban: in San Francisco and Denver, for instance, renters have seen yearly increases of 15% and 11.6%, respectively, according to Zillow. Martin County renters can find themselves in something of a bind, though—since those higher rent bills make saving for a down payment more difficult. It’s just one reason. Per CNN, “There are a bunch of things keeping renters on the sidelines, meaning “the folks that would be normally making the switch to become homeowners are still taking up the rental units.”

The result: more units remain occupied, vacancies go down; rentable units remain scarce…so prices renters pay continue to go up.

Will this Catch-22 situation persist forever? Most likely not: the broad economic news is that this year’s steady job growth coupled with the pronounced turnaround in builder confidence is likely to loosen the supply stranglehold. Last Tuesday, there was also the kind of news that can prompt builders to really get going: government data showed purchases of new U.S. homes surged (particularly in the Northeast and West), with sales of new homes soaring 24% so far in 2015. That’s the best showing since 2007.

Of course, before supply outstrips demand, the situation puts landlords in an advantageous position. Martin County investors who bought rentable properties during the downturn can now enjoy steady returns from their properties, or decide to sell in a robust market. If you are leaning in that direction, it’s the perfect time to give me a call!

Martin County Renters Contemplate National Trend to Rising Rates

 

 

Portofino Condos at Jensen Beach July 2015 Market Update

07.06.15 by

Portofino Condos at Jensen Beach July 2015 Market Update

As of July 2015 there is only one condo available for sale in Portofino.  It is a 2 BR condo listed for $101,500 or $95.31 per sq. ft. of living area.

There are no condos pending at this time.

In the past 12 months, 10 condos have sold, ranging in sales price from $54,600 to $90,169 for an average sales price of $68,286 which equals a price per sq. ft. of $73.77.  The average days on market was 25 days and the average list to sales price ratio was an incredible 119%

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 July 2015 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.

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.

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
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Portofino Condos at Jensen Beach July 2015 Market Update