Suntide Condo on Hutchinson Island Sold

08.18.14 by

Suntide Condo on Hutchinson Island Sold

You may have waited a bit too long for this condo in Suntide on Hutchinson Island in Stuart FL.  It sold for $183,000 on Friday August 15 2014.

Great opportunity for this Suntide Condo on Hutchinson Island in Stuart.  Fully furnished with an updated kitchen, ocean front condo in Martin County’s prime Hutchinson Island location and building. Spacious 2 bedroom split plan with everything one needs for a full-time home or that special Florida tropical retreat. Suntide includes private beach access, heated pool, tennis courts, shuffleboard, wash area, newly renovated clubhouse with billiards, card table, fully equipped kitchen, bar, library and entertaining area as well as a profession fitness center. Under building secured parking. This well-appointed condo is ready for immediate occupancy.
Suntide is the first condo complexes north of the Stuart Causeway on Hutchinson Island in Martin County.   Constructed originally in 1972, it retains much of the original and unique architecture of the times, yet boasts terrific amenities and at a much more reasonable price than much of the competition.  Please call and ask about Suntide.

Suntide Condo on Hutchinson Island Sold

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Stuart FL 34994 Residential Market Report July 2014

08.12.14 by

Stuart FL 34994 Residential Market Report July 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for July 2014

 

For July 2013 in the 34994 Zip Code area of Stuart, Florida:

There are currently 73 active listings (Increased by 2 homes from June)

Stuart FL 34994 Residential Market Report July 2014

 

34 Residential sales are pending and awaiting close or lender approval (No change from June).

Stuart FL 34994 Residential Market Report July 2014

 

15 Homes Sold in July (Increased by 2 homes from June)

Stuart FL 34994 Residential Market Report July 2014

 

July activity for the 34994 ZIP code area of the Stuart, Florida showed continued positive results with increased closed sales.  There was a small increase in inventory, which will hopefuly continue as a greater number of available homes for sale will give prospective buyers more of a selection.

The one month absorption rate for the 34994 zip code for July decreased to 4.9 months from last months 5.5 months.  July was a strong sellers market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The July 2013 numbers were 55 Active Listings, 29 pending sales and 15 closed sales.   Very similar sales figures for this year, however there was considerably less inventory for the same results for last year.

Stuart FL 34994 Residential Market Report July 2014

 

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Stuart Florida Market Report ZIP Code 34994 Residential July 2014

Palm Cove Golf and Yacht Club August 2014 Market Update

08.08.14 by

Palm Cove Golf and Yacht Club August 2014 Market Update

There are currently 13 homes actively listed in Palm Cove Yacht and Golf Cub for August 2014 in Palm City, Florida.  List prices range from a low of $319,000 to the highest which is a waterfront home for $2,375,000.  The average list price is $734,661 at $184.55 per square foot of living area. This group includes one short sale. There are no bank owned foreclosures

There are two homes under contract awaiting closing.  The list prices are $339,900 and $369,900 which equates to $166.04 per square foot of living area. Neither of these homes is a distressed property.

In the past 12 months, 19 homes have sold in Palm Cove Yacht and Golf Cub with an average sales price of $513,205 at $68.49 per square foot of living area.  The lowest sales price was $330,000 while the highest was $649,000. Of these sales, one was a short sale.  There were no foreclosures.

 

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

 

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

 

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

 

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

 

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

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

 

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

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

Palm Cove Golf and Yacht Club August 2014 Market Update

The Yacht and Country Club of Stuart August 2014 Market Report

08.06.14 by

The Yacht and Country Club of Stuart August 2014 Market Report

August 2014 Market Update:

There are 15 homes currently for sale in the Yacht and Country Club of Stuart.  Listing prices are from $198,000 to $760,000.  (Average of $151.36 per square foot of living area)

There are currently 7 homes under contract ranging in listing price from $230,000 to $595,000. One of these homes is a short sale.  (Average of $158.65 per square foot of living area)

32 homes have sold in the past 12 months.  Ranging in sales price from $127,000 to $779,000. Two of these homes were short sales and two were bank owned foreclosures.  (the average sales price was $291.551 or $122.57 per sq. ft. of living area).


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 2014 Market Report

Rocky Point July 2014 Market Update

07.31.14 by

Rocky Point July 2014 Market Update

Here is your Rocky Point July 2014 market update in Stuart Florida:

There are currently44 active listings in Rocky Point.  List prices range from a low of $94,600 to $2,995,000 which results in an average of $190.29 per square foot of living area.  There is one short sale and 5 bank owned foreclosures in this set of listings.

12 homes are under contract (pending sales).    Listing prices ranged from $111,100 to $899,000 for an average of $145.40 per square foot.  These include 4 bank owned properties and no short sales.

In the past 12 months, 65 homes have sold in Rocky Point with sales prices ranging from $41,054 to $1,315,000 for an average of $139.11 per square foot of living area.  There were 8 bank owned foreclosures and 1 short sale in these sales.

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!!!

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Stuart Florida Real Estate
 

Rocky Point July 2014 Market Update

 

June 2014 Monthly Market Detail Martin County Townhouses and Condos

07.28.14 by

June 2014 Monthly Market Detail Martin County Townhouses and Condos

June 2014 Monthly Market Detail Martin County Townhouses and Condos showed strong market movement with a more moderate rate of price changes as compared to the recent past.  Year to year closed sales were up by 11.5% (was up by 0.8% in May) while new sales under contract (new pending sales) decreased by 19.4% from June 2013 (was down 20.8% in May).  The decrease in pending sales June be an indication of some future weakness in this market.

The median sales price increased by 3.1% (was down by 1.0% in May) while the average sales price decreased by 4.9% (was down 19.3% in May) as compared to June of 2013.  After nearly a year of pretty impressive price rises, values were off for the second month in a row.

 The inventory of available townhouses and condos has decreased by 7 to 558 units from last month which is also 1.8% less inventory than was available in June of 2013.  I continue to be surprised that inventory levels are still so low, considering that values have increased over 20% in the past year.  The current supply of inventory is 5.6 months (an 4% decrease from last year).  While still strong activity in this seller’s market, I’m a bit concerned over the decrease in both inventory and pending sales.

June 2014 Monthly Market Detail Martin County Townhouses and Condos

 

 Click here to view or download the full report:  June 2014 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 2014 Monthly Market Detail Martin County Townhouses and Condos

June 2014 Monthly Market Detail Martin County Single Family Homes

07.26.14 by

June 2014 Monthly Market Detail Martin County Single Family Homes

The June 2014 Monthly Market Detail Martin County Single Family Homes showed another month with excellent activity.  Martin County single family home sales exceeded the average in the state and continues to show excellent strength.  Year to year closed sales were up by 19.6% (was up only 18.6% in May). New pending sales increased by 15.7% as compared to June of 2013 (decreased by 0.4% in May).  Quite the turnaround from earlier this year.

The median sales price was up by 13.7% from last year (up by 8.0% in May) while the average price increased by 9.2% (was down by 4.3% last month).  Strong increases in value once again after a fairly slow spring.

The inventory of available single family homes decreased from May 2014 by 29 homes to 1,391 units this month, this still represents a 28.7% increase from last June.  Current supply of inventory decreased to 7.2 months from last month’s 7.5  (a 15.8% increase from last year).  This market is in a slight advantage for buyers.

June 2014 Monthly Market Detail Martin County Single Family Homes

 

Click here to view or download the full report:  June 2014 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 2014 Monthly Market Detail Martin County Single Family Homes

June 2014 Monthly Market Detail Florida Townhouses and Condos

07.25.14 by

June 2014 Monthly Market Detail Florida Townhouses and Condos

For the June 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida, activity has decreased from last years hot pace but has improved from last month.  Year to year closed sales were up by 3.1% as compared to last months decrease of 7% and new sales under contract (new pending sales) decreased by 9% (May’s decrease was 13.4%).

Both median and average sales prices were up (year to year) by 8.5% and 5.8% respectively (in May it was 13.7% and 12.7%). Moderating price increases have been anticipated by me as the inventory rises and the sales activity cools a bit.

Inventory rose for the ninth month in a row, by 13.4% (was up by 11.3% in May).  While the June 2014 numbers are not as robust as those of last year, this continues to be an active market with a 5.8 month supply of inventory (was 6 months in May) which is up 11.4% from last year.  Currently a slight advantage to sellers.

June 2014 Monthly Market Detail Florida Townhouses and Condos

 

Click on the link below or the graphic to see the full market detail report from Florida Realtors:  Click here to view or download the full report:  June 2014 Monthly Market Detail Florida 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 2014 Monthly Market Detail Florida Townhouses and Condos

June 2014 Monthly Market Detail Florida Single Family Homes

07.24.14 by

June 2014 Monthly Market Detail Florida Single Family Homes

The June 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors continues with improving market results, though at a bit of a slower rate than last year.  But, considerably better than a fairly slow May of 2014.  Year to year closed sales were up by 14.6% (was up by 3.6% in May) and new sales under contract (new pending sales) increased by 4.1% (was down by 0.6% in May).

Both median and average sales prices continue to rise ( June 2013 to June 2014) by 5.2% and 4.2% respectively, compared to May’s 4.3% and 8.9%.   While still positive numbers, the rate of appreciation appears to be slowing.

The inventory of available homes for sale rose by 21.7% from last year.  This is now the ninth month of increased inventory.  This increase is a direct result of rising prices as many home sellers have been waiting on the side lines for improved values.  This increase in inventory makes for greater choices and more price competition among sellers. With only a 5.6 months supply of inventory, this is a healthy market with a slight edge to sellers. (2013 had a 4.9 month supply)

June 2014 Monthly Market Detail Florida Single Family Homes

 

Click here to view or download the full report:
June 2014 Monthly Market Detail Florida 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 2014 Monthly Market Detail Florida Single Family Homes

Hobe Sound FL 33455 Condo Market Report June 2014

07.21.14 by

Hobe Sound FL 33455 Condo Market Report June 2014

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for June 2014

 

For May 2013 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 18 active condo listings. (Down by 2 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2014

 

4 Condo sales are pending and awaiting close. (Decreased by 1 condo from May)

Hobe Sound FL 33455 Condo Market Report June 2014

 

2 Condos sold in May (Down by 1 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2014

 

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  With only 18 condos on the market, not much variety for buyers to look at.  And, unfortunately the activity also continued to slow for June with reduced pending and closed listings.

The current absorption rate is 9 months (Last month it was 6.7 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 indicate 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 2013 numbers were:  19 active listings, 10 pending sales and no closed sales.   As poor as the activity was this year, it’s still an improvement over 2013.

Hobe Sound FL 33455 Condo Market Report June 2014

 

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Hobe Sound FL 33455 Condo Market Report June 2014

 

Jensen Beach FL 34957 Condo Market Report June 2014

07.19.14 by

Jensen Beach FL 34957 Condo Market Report June 2014

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for June 2014

 

For June 2014 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 31 active listings. (No change from May)

Jensen Beach FL 34957 Condo Market Report June 2014

 

10 Condo sales are pending and awaiting close or lender approval. (Increased by 1 condo from May)

Jensen Beach FL 34957 Condo Market Report June 2014

 

3 Condos Sold (Down by 2 condos from May)

Jensen Beach FL 34957 Condo Market Report June 2014

 

 The Jensen Beach FL 34957 Condo Market Report June 2014 remains a small sector as far as condos in Martin County. After a couple of months of inventory gains, the trend stopped in Junes and available condos for sale remained unchanged.  Pending sales were up by only 1 condo and closed sales were off.

The one month absorption rate for the June 2014, Jensen Beach Florida Market Report ZIP Code 34957 rose to 10.3 months (6.2 months in May), back into a buyers market after an exceptionally active spring.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The June 2012 numbers were: 31 active listings, 24 pending sales and 7 condos closed.   Much stronger activity last year.

Jensen Beach FL 34957 Condo Market Report June 2014

 

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Jensen Beach FL 34957 Condo Market Report June 2014

Palm City FL 34990 Condo Market Report June 2014

07.17.14 by

Palm City FL 34990 Condo Market Report June 2014

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for June 2014

 

For June 2014 in the 34990 Zip Code area of Palm City, Florida :



There are currently 56 active condo listings. (Up by 4 condos from May)

Palm City FL 34990 Condo Market Report June 2014

 

5 Condo sales are pending and awaiting close or lender approval. (Decreased by 5 condos from last month)

Palm City FL 34990 Condo Market Report June 2014

 

3 Condos Sold in June. (Down by 1 condo from May)

Palm City FL 34990 Condo Market Report June 2014

 

A second very weak month for the Palm City FL 34990 condo real estate market.  The inventory rose while both pending and closed sales declined.  The Palm City condo market is quite small and inferences into the more general condo market should not be made.

The current absorption rate for condos in the 34990 zip code area rose to 18.7 months (was 13 months in May).   A strong buyers 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 2012 numbers were: 54 active listings, 14 pending sales and 8 closed sales.   Much better activity in 2013.  Hopefully, this segment of the Martin County FL real estate market will strengthen soon.
 
Palm City FL 34990 Condo Market Report June 2014
 

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Palm City FL 34990 Condo Market Report June 2014

Indian Pines Condo in Stuart FL Under Contract

07.13.14 by

Indian Pines Condo in Stuart FL Under Contract

Excellent opportunity and value for this lake view, ground floor condominium in Indian Pines of Stuart FL. This is a very rare three bedroom, two full bathroom unit with rear screened patio. The interior features a recently updated kitchen with newer cabinets & counter-tops, all appliances including washer/dryer, and updated baths.

Indian Pines is centrally located in Stuart FL just west of US-1 with easy access to the beaches and waterways of Martin County and close to shopping and restaurants as well as historic downtown Stuart. Easy access to I-95 for those commuting or wanting to visit points to the North or South.

All ages are welcome in Indian Pines and this is a pet friendly community. Amenities include a community pool, tennis court and clubhouse as well as spacious common areas around two lakes.  HOA fees vary depending on the size of the unit and run from $300 to $400 per month as of July 2014.

Search for available Condos in Indian Pines

Indian Pines Condo in Stuart FL Under Contract

Stuart FL 34994 Residential Market Report June 2014

07.10.14 by

Stuart FL 34994 Residential Market Report June 2014

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for June 2014

 

For June 2013 in the 34994 Zip Code area of Stuart, Florida:

There are currently 71 active listings (Decreased by 2 homes from May)

Stuart FL 34994 Residential Market Report June 2014

34 Residential sales are pending and awaiting close or lender approval (Up by 2 homes from May).

Stuart FL 34994 Residential Market Report June 2014

13 Homes Sold in June (Increased by 3 homes from May)

Stuart FL 34994 Residential Market Report June 2014

June activity for the 34994 ZIP code area of the Stuart, Florida showed positive results with both increased pending and closed sales.  The only caution is the continued decrease of inventory making for less potential home sales for the future.

The one month absorption rate for the 34994 zip code for June decreased to 5.5 months from last months 7.3 months.  A  shift back into a sellers market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The June 2012 numbers were 54 Active Listings, 36 pending sales and 11 closed sales.   Considering the increased inventory this year as compared to 2013, market activity is not quite as robust.

Stuart FL 34994 Residential Market Report June 2014

 

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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Commercial Properties

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Stuart Florida Market Report ZIP Code 34994 Residential June 2014

July 2014 Market Update for the Archipelago of Sewalls Point

07.05.14 by

July 2014 Market Update for the Archipelago of Sewalls Point

For July of 2014 there are two active listings on the market in the Archipelago of Sewalls Point.  Listing prices are $1,725,000 and $1,995,000 for an average list price of $564 per sq. ft.

There are no homes are currently under contract.

In the past 12 months, 1 home sold for $$799,000 for a price of $329. per sq. ft. of living area.

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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The Archipelago of Sewalls Point

June 2014 Market Update River Marina Stuart

07.01.14 by

June 2014 Market Update River Marina Stuart

Here’s the latest update for the River Marina Community of Stuart FL:

River Marina Homes and Townhomes in Stuart FL

Currently 5 active listings  3 homes and 2 townhomes) on the market at prices of $419,000 to $168,000 for an average of $132.52 per square ft. of living area.

There are 5 homes under contract awaiting settlement (3 homes and 2 townhomes) with list prices from $279,900 to $128,000 at an average of $110.28 per sq. ft. of living area.

In the past 12 months, 11 homes have sold (10 homes and 1 townhome) with sales prices from $330,000 to $132,000 at an average sale price per square foot of $122.53

River Marina Homes and Townhomes in Stuart FL

River Marina is a newer community consisting of 84 single family homes built from 2006 to 2008 ranging in size from 3 BR, 1600 sq. ft. homes to 5 BR homes with 3,380 sq. ft of living area. 14 of these homes are waterfront with Ocean access through the South Fork of the Saint Lucie River. The single family homes in River Marina are in a gated enclave.

River Marina Homes and Townhomes in Stuart FL

Also available are newer townhomes in a non-gated area. Currently only about 47 townhomes have been built with plans for a total of approximately 220 units. Both 2 and 3 Bedroom townhomes are available with 1627 sq. ft. of living area and a 1 car garage. There’s a community pool and easy access to recreational areas.

River Marina Homes and Townhomes in Stuart FL

June 2014 Market Update River Marina Stuart

River Marina Homes and Townhomes for Sale

Stuart, Florida Real Estate presented for your consideration by:
the Gabe Sanders real estate team

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May 2014 Monthly Market Detail Martin County Townhouses and Condos

06.28.14 by

May 2014 Monthly Market Detail Martin County Townhouses and Condos

May 2014 Monthly Market Detail Martin County Townhouses and Condos continues with reduced activity from last year, though still an active market, currently with a slight sellers advantage.  Year to year closed sales were up by 0.8% (was down by 12.2% in April) while new sales under contract (new pending sales) decreased by 20.8% from May 2013 (was unchanged in April).  The decrease in pending sales may be an indication of some future weakness in this market.

The median sales price decreased by 1.0% (was up by 11.3% in April) while the average sales price decreased by 19.3% (was up 11.3% in April) as compared to May of 2013.  After nearly a year of pretty impressive price rises, values were off for this month.

 The inventory of available townhouses and condos has decreased by 14 to 565 units from last month which is also 7.7% less inventory than was available in May of 2013.  With values having gone up as much as they have, I would have expected higher inventory levels.  The current supply of inventory is 5.7 months (an 8.5% decrease from last year).  While a very strong month, I’m a bit concerned over the decrease in both inventory and pending sales.

Martin Condo Townhouse May 2014

 Click here to view or download the full report:  May 2014 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.

May 2014 Monthly Market Detail Martin County Townhouses and Condos

May 2014 Monthly Market Detail Martin County Single Family Homes

06.27.14 by

May 2014 Monthly Market Detail Martin County Single Family Homes

The May 2014 Monthly Market Detail Martin County Single Family Homes showed excellent activity.  Martin County single family home sales exceeded the average in the state and is showing excellent strength.  Year to year closed sales were up by 18.6% (was up only 0.5% in April). New pending sales decreased by 0.4% as compared to May of 2013 (decreased by 9.1% in April).  I would have liked to see some stronger new pending sale numbers.

The median sales price was up by 8.0% from last year (up by 12.6% in April) while the average price increased by 4.3% (was down by 19.3% last month).  Ideally price increases in the single digits, like this month, are a good healthy sign for the market.

The inventory of available single family homes increased from April 2014 by 22 homes to 1,420 units this month, representing a 21.8% increase from last May.  Current supply of inventory remains unchanged from last month at 7.5 months (a 9.6% increase from last year).  Hovering just outside of a balanced market for now with a slight advantage for buyers.

Martin Single Family May 2014

Click here to view or download the full report:  May 2014 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.

May 2014 Monthly Market Detail Martin County Single Family Homes

May 2014 Monthly Market Detail Florida Townhouses and Condos

06.26.14 by

May 2014 Monthly Market Detail Florida Townhouses and Condos

For the May 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida, activity has decreased from last years hot pace.  Year to year closed sales were down by 7% as compared to last months decrease of 5.1% and new sales under contract (new pending sales) decreased by 13.4% (April’s decrease was 11%).

Both median and average sales prices were up (year to year) by 13.7% and 12.7% respectively (in April it was 9.8% and 10.6%). Continued strong price gains.  This is a bit surprising since the market does appear to be cooling somewhat, though for may it continues to be active and a balanced market.

Inventory rose for the eighth month in a row, by 11.3% (was up by 9.3 in April).  The rising inventory should eventually produce some pressure to moderate the rising prices.  Hopefully, this will help continue the strong momentum for sales activity.  The current 6 month supply of inventory is a good sign that we are in a balanced market.

Florida Condo Townhouse May 2014

Click on the link below or the graphic to see the full market detail report from Florida Realtors:  Click here to view or download the full report:  May 2014 Monthly Market Detail Florida 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.

May 2014 Monthly Market Detail Florida Townhouses and Condos

May 2014 Monthly Market Detail Florida Single Family Homes

06.25.14 by

May 2014 Monthly Market Detail Florida Single Family Homes

The May 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors showed improved results from last year, though at a much reduced pace from 2013.  Year to year closed sales were up, but only by 3.6% (was up by 4.1% in April) and new sales under contract (new pending sales) decreased by 0.6% (was down by 1.1% in April).

Both median and average sales prices continue to rise ( May 2013 to May 2014) by 4.3% and 8.9% respectively, compared to April’s 6.1% and 3.8%.   While still positive numbers, the rate of appreciation appears to be slowing.

The inventory of available homes for sale jumped by 20.4% from last year.  This is now the eighth month of increased inventory.  This increase is a direct result of rising prices as many home sellers have been waiting on the side lines for improved values.  I suspect that the reduced rate of increasing values and home sales are a direct result of the increasing inventory.  Currently, there are just not enough buyers to absorb this increase fully.  Though with only a 5.7 months supply of inventory, this is still a healthy and balanced market. (2013 had a 5 month supply)

Florida Single Family May 2014

Click here to view or download the full report:
May 2014 Monthly Market Detail Florida 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.

May 2014 Monthly Market Detail Florida Single Family Homes