Hobe Sound FL 33455 Condo Market Report May 2014

06.24.14 by

Hobe Sound FL 33455 Condo Market Report May 2014

 

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

 

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

 

There are currently 20 active condo listings. (Down by 1 condo from April)

Hobe Sound FL 33455 Condo Market Report May 2014

5 Condo sales are pending and awaiting close or lender approval. (Decreased by 1 condo from April)

Hobe Sound FL 33455 Condo Market Report May 2014

3 Condos sold in April (Down by 2 condos from April)

Hobe Sound FL 33455 Condo Market Report May 2014

The Hobe Sound condo market (Zip Code 33455) is one of the smallest segments of the Martin County real estate market (along with the Jensen Beach condo market).  Unfortunately closed sales were off as well as pending sales for May.  The inventory is now down to only 20 available condos, so I’m not expecting any great movement here until this number can increase.

The current absorption rate is 6.7 months (Last month it was 4.2 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 may not indicate a true trend in the market.  Yet even with these low numbers, we are in a balanced market for condos in the 33455 zip code area of Hobe Sound.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The May 2013 numbers were:  21 active listings, 5 pending sales and 4 closed sales.   Little change in market activity from last years numbers.

Hobe Sound FL 33455 Condo Market Report May 2014

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Hobe Sound FL 33455 Condo Market Report May 2014

 

Jensen Beach FL 34957 Condo Market Report May 2014

06.21.14 by

Jensen Beach FL 34957 Condo Market Report May 2014

 

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

 

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



There are currently 31 active listings. (Increased by 2 condos from April)

Jensen Beach FL 34957 Condo Market Report May 2014

9 Condo sales are pending and awaiting close or lender approval. (Unchanged from April)

Jensen Beach FL 34957 Condo Market Report May 2014

5 Condos Sold (Down by 4 condos from April)

Jensen Beach FL 34957 Condo Market Report May 2014

 

 The Jensen Beach FL 34957 Condo Market Report May 2014 remains a small sector as far as condos in Martin County. After dropping down to very low levels, the active inventory has started to rise now for two months in a row.  Unfortunately pending sales remain fairly low as well as a slower volume of closed sales.

The one month absorption rate for the May 2014, Jensen Beach Florida Market Report ZIP Code 34957 rose to 6.2 months (3.2 months in April), back into a balanced 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 May 2012 numbers were: 44 active listings, 24 pending sales and 7 condos closed.   Even though the Jensen Beach Condo market activity was better last year, this remains a strong segment for Martin County real estate.

Jensen Beach FL 34957 Condo Market Report May 2014

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Jensen Beach FL 34957 Condo Market Report May 2014

Palm City FL 34990 Condo Market Report May 2014

06.18.14 by

Palm City FL 34990 Condo Market Report May 2014

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

 

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



There are currently 52 active condo listings. (Down by 1 condo from April)

Palm City FL 34990 Condo Market Report May 2014

10 Condo sales are pending and awaiting close or lender approval. (Increased by 2 condos from last month)

Palm City FL 34990 Condo Market Report May 2014

4 Condos Sold in May. (Down by 3 condos from April)

Palm City FL 34990 Condo Market Report May 2014

Unfortunately closed sales were off for may 2014 in the Palm City FL 34990 condo real estate market.  Pending sales were up and inventory was down.  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 13  months (was 7.6 months in April).   A 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 May 2012 numbers were: 52 active listings, 16 pending sales and 3 closed sales.   Similar numbers to last year, but the decrease in pending sales this year is a note for concern for future activity.
Palm City FL 34990 Condo Market Report May 2014

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Palm City FL 34990 Condo Market Report May 2014

Stuart FL 34994 Residential Market Report May 2014

06.10.14 by

Stuart FL 34994 Residential Market Report May 2014

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

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

There are currently 73 active listings (Decreased by 1 home from April)Stuart FL 34994 Residential Market Report May 2014

32 Residential sales are pending and awaiting close or lender approval (Up by 8 homes from April).

Stuart FL 34994 Residential Market Report May 2014

10 Homes Sold in May (Decreased by 5 homes from April)

Stuart FL 34994 Residential Market Report May 2014

After three straight months of increasing closed sales for the 34994 ZIP code area of the Stuart, Florida, May saw a decrease of 5 closed sales.  Pending sales which were off last month rebounded nicely, indicating a good possibility of increased closed sales in the coming months.  Unfortunately, the inventory continues to shrink making for less potential home sales for the future.

The one month absorption rate for the 34994 zip code for May increased to 7.3 months from last months 4.9 months.  A  shift back into a buyers market.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The May 2012 numbers were 56 Active Listings, 42 pending sales and 9 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 May 2014

 

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Stuart Florida Market Report ZIP Code 34994 Residential May 2014

June 2014 Market Report Locks Landing in Stuart Florida

06.07.14 by

June 2014 Market Report Locks Landing in Stuart Florida

As of June 2014, there are 5 homes on the market in Locks Landing in Stuart Florida.  Listing prices range from $320,000 to $529,000 for an average price per square foot of $153.69.

There are no homes currently under contract.

In the past 12 months, 21 homes have sold in Locks Landing with sales prices ranging from $260,000 to $452,500 for an average of $146 per sq. ft.

Locks Landing in Stuart FL

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

June 2014 Market Report Locks Landing in Stuart Florida

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

June 2014 Market Report Locks Landing in Stuart FloridaLocks landing is only moments to I-95 for those needing to commute either north or south on the Interstate.  The equestrian farms of Martin County are only a short drive to the west; while to the east is shopping, restaurants, beaches and all the amenities that Martin County has to offer.  This family friendly community also boasts an ‘A’ rated school system with local children attending Crystal Lake Elementary School, David L Anderson Middle School and South Fork High School

June 2014 Market Report Locks Landing in Stuart Florida

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

 

For any questions you may have about Locks landing, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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June 2014 Market Report Locks Landing in Stuart Florida


Snug Harbor June 2014 Market Update

06.04.14 by

Snug Harbor June 2014 Market Update

Snug Harbor June 2014 Market Update:

As of June 2014, there are 2 active listings in Snug Harbor in Stuart, FL.  The list prices are $1,580,000 and $3,200,000 for an average of $746 per sq. ft. of living area.  Both of these are waterfront homes.

There are currently no homes under contract or pending.

6 homes have sold in the past 12 months.  Ranging in sales price from $535,000 to $2,270,730.  The average sales price per sq. ft. was $385.14.  Four waterfront homes sold at an average price of $493 per sq. ft. and 2 non waterfront homes at $170 per sq. ft.

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


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

Snug Harbor

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

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

Please feel free to contact Gabe Sanders (772-323-6996), a Snug Harbor resident, if you would like any information about this wonderful community.

 

 

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Snug Harbor Homes for Sale

Snug Harbor June 2014 Market Update

April 2014 Monthly Market Detail Martin County Townhouses and Condos

05.29.14 by

April 2014 Monthly Market Detail Martin County Townhouses and Condos

April 2014 Monthly Market Detail Martin County Townhouses and Condos continues with reduced activity from last year, though still in a healthy range with a balanced blend of supply and demand.  Year to year closed sales were down by 12.2% (was down by 29.9% in March) while new sales under contract (new pending sales) was unchanged from April 2013 (was down 9% in March).

The median sales price increased by 11.3% (was up by 7.4% in March) while the average sales price increased by 11.3% (was down 11% in March) as compared to April of 2013.  Interestingly, prices continue to rise with momentum in the condo and townhouse segment of the market.

 The inventory of available townhouses and condos has decreased by 17 to 579 units from last month which is also 10.2% less inventory than was available in April of 2013.  With values going up as much as they have, I would have expected higher inventory levels.  The current supply of inventory is 5.8 months (a 13.1% decrease from last year).   Though down in volume from last year, this is still a balanced market that favors neither the buyer nor the seller.

April 2014 Monthly Market Detail Martin County Townhouses and Condos

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

April 2014 Monthly Market Detail Martin County Townhouses and Condos

April 2014 Monthly Market Detail Martin County Single Family Homes

05.28.14 by

April 2014 Monthly Market Detail Martin County Single Family Homes

The April 2014 Monthly Market Detail Martin County Single Family Homes improved from a slow March though activity only slightly improved from last year.  Year to year closed sales were up by only 0.5% (was down 14.7% in March). New pending sales decreased by 9.1% as compared to April of 2013 (increased by 17.5% in March).  The decrease in pending sales is a bit troubling as it’s the main indicator of potential future closed sales.

The median sales price was up by 12.6% from last year (up by 4% in March) while the average price dropped by 19.3% (was down by 25.1% last month).  This is a dramatic indication of the continued strong activity for the lower price ranges and a slower sales volume in the higher end luxury market.

The inventory of available single family homes decreased from March 2014 by 29 homes to 1,398 units this month, representing a 15% increase from last April.  Current supply of inventory remains unchanged from last month at 7.5 months (a 4.8% increase from last year).  Hovering just outside of a balanced market for now with a slight advantage for buyers.

April 2014 Monthly Market Detail Martin County Single Family Homes

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

April 2014 Monthly Market Detail Martin County Single Family Homes

April 2014 Monthly Market Detail Florida Townhouses and Condos

05.27.14 by

April 2014 Monthly Market Detail Florida Townhouses and Condos

For the April 2014 Monthly Market Detail Florida Townhouses and Condos for the state of Florida the rate of activity has slowed some, but is now a much healthier market than last years super heated activity.  Year to year closed sales were down by 5.1% as compared to last months decrease of 5.2% and new sales under contract (new pending sales) decreased by 11% (March’s decrease was 6.2%).

Both median and average sales prices were up (year to year) by 9.8% and 10.6% respectively (in March it was 16.7% and 16.1%). These strong price appreciations is what I suspect is the cause of the decrease in market activity for condos and townhouses in Florida for April, though it is a strong balanced market at this time.

Inventory rose for the seventh month in a row, by 9.3%.  The rising inventory is producing some pressure to moderate the price increases.  This should help continue a strong momentum for sales activity.  The 6 month supply of inventory is a good sign that we are in a balanced market.

April 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:  April 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.

April 2014 Monthly Market Detail Florida Townhouses and Condos

April 2014 Monthly Market Detail Florida Single Family Homes

05.26.14 by

April 2014 Monthly Market Detail Florida Single Family Homes

The April 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 4.1% (was up by 2.8% in March) and new sales under contract (new pending sales) decreased by 1.1% (was up by 2.1% in March).

Both median and average sales prices continue to rise ( April 2013 to April 2014) by 6.1% and 3.8% respectively, compared to March’s 7.1% and 6.3%.   While still very positive numbers, the rate of appreciation appears to be slowing.

The inventory of available homes for sale jumped by 18% from last year.  This is now the seventh 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.

April 2014 Monthly Market Detail Florida Single Family Homes

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

April 2014 Monthly Market Detail Florida Single Family Homes

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code April 2014

05.23.14 by

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code April 2014

 

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

 

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

 

There are currently 21 active condo listings. (Down by 1 condo from March)

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code April 2014

6 Condo sales are pending and awaiting close or lender approval. (Decreased by 1 condo from March)

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code April 2014

5 Condos sold in March (Up by 2 condos from March)

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code April 2014

The Hobe Sound condo market (Zip Code 33455) is one of the smallest segments of the Martin County real estate market (along with the Jensen Beach condo market).  April 2014 market activity saw a slight decrease in inventory and pending sales and an increase in closed sales.

The current absorption rate is 4.2 months (Last month it was 7.3 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 may not indicate a true trend in the market.  Yet even with these low numbers, we are in a sellers market for condos in the 33455 zip code area of Hobe Sound.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The April 2013 numbers were:  21 active listings, 7 pending sales and 5 closed sales.   Almost identical activity year to year.

Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code April 2014

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Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code April 2014

 

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code April 2014

05.21.14 by

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code April 2014

 

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

 

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



There are currently 29 active listings. (Increased by 6 condos from March)

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code April 2014

9 Condo sales are pending and awaiting close or lender approval. (Down by 9 condos from March)

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code April 2014

9 Condos Sold (Down by 7 condos from March)

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code April 2014

 The Jensen Beach Condo market (zip code 34957) is now down to only 23 active listings for April. This is a very small number and meaningful comparisons are difficult to achieve with such a small sampling of condos.  April saw the first increase in inventory in four months for the Jensen beach Condo market.   Both pending and closed sales were down for April.

The one month absorption rate for the April 2014, Jensen Beach Florida Market Report ZIP Code 34957 rose to 3.2 months (1.4 months in March), still a very strong sellers market.  A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The April 2012 numbers were: 51 active listings, 26 pending sales and 15 condos closed.   2013 had a much more active market.

Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code April 2014

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Jensen Beach Florida Condos for Sale and Sold Report 34957 ZIP Code April 2014

Hutchinson Island Stuart Ocean Front Condo Under Contract

05.20.14 by

Hutchinson Island Stuart Ocean Front Condo Under Contract

This extremely well priced condo on Hutchinson Island in Stuart FL in one of the best run condo association is now under contract courtesy of the Gabe Sanders BlueWater realty team.

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.

 

Hutchinson Island Stuart Ocean Front Condo Under Contract

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Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code April 2014

05.19.14 by

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code April 2014

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

 

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



There are currently 53 active condo listings. (Down by 4 condos from March)

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code April 2014

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

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code April 2014

7 Condos Sold in April. (Up by 6 condos from March)

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code April 2014

April saw a good improvement for closed sales for the Palm City FL real estate market for zip code 34990.  Unfortunately both pending sales and the inventory declined.  This is a pretty strong indication of slower activity for the future.  Though, this segment of the Martin County condo market is fairly small as most Palm City real estate is residential single family homes, so there is not that much of a correlation to the ‘bigger picture’ from this segment of our market.

The current absorption rate for condos in the 34990 zip code area zoomed to 7.6  months (was 57 months in March).   A 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 April 2012 numbers were: 58 active listings, 14 pending sales and 7 closed sales.   Slightly better activity for last year.
Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code April 2014

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Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code April 2014

Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code April 2014

05.15.14 by

Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code April 2014

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

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

There are currently 74 active listings (Decreased by 6 homes from March)

Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code April 2014

24 Residential sales are pending and awaiting close or lender approval (Down by 11 homes from March).

Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code April 2014

15 Homes Sold in March (Increased by 5 homes from March)

Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code April 2014

Three straight months of increasing closed sales for the 34994 ZIP code area of the Stuart, Florida.  That’s the good news.  Unfortunately both pending sales and inventory numbers declined in April.  This may make the next few months much more challenging.

The one month absorption rate for the 34994 zip code for April decreased to 4.9 months from last months 8 months.  A large shift 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 March 2012 numbers were 66 Active Listings, 34 pending sales and 9 closed sales.   Other than pending sales, numbers are improved for this year.  The drop in this years pending numbers is troubling and worth watching.

Stuart Florida Homes for Sale and Sold Report 34994 ZIP Code April 2014

 

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Stuart Florida Market Report ZIP Code 34994 Residential April 2014

Great New Price for this Whispering Pines Home for Sale in Stuart FL

05.13.14 by

Great New Price for this Whispering Pines Home for Sale in Stuart FL

 

PRICE REDUCED!
322 SW Ridge Lane, Stuart, FL
Whispering Pines Stuart FL Home for Sale
Bedrooms: 3
Bathrooms: 2 full		 Living Area Approx: 1824
List Price: $Get Current Price
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A very well maintained 3 bedroom 2 bathroom home with a large den. The kitchen has been updated with Corian counter-tops and oak cabinets. Both bathrooms have been updated with new vanities and tile. Quiet street, close to Publix, beaches, downtown shopping & restaurants. There is a front patio with a picket fence and a large back patio for outdoor grill and entertaining. A lot of house for the money.
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License #: 3090099
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Great New Price for this Whispering Pines Home for Sale in Stuart FL

May 2014 Market Report for Legacy Cove in Stuart Florida

05.07.14 by

May 2014 Market Report for Legacy Cove in Stuart Florida

There are currently only 7 homes for sale (including new construction from D.R. Horton) in Legacy Cove in Stuart, FL.  Listing prices range from $265,000 to $459,000 for an average price per square foot of living area of $156.86.

There are 3 homes under contract awaiting settlement priced from $349,900 to $352,900 for an average of $142.93 per sq. ft. of living area.

In the past 12 months, 10 homes have sold with sales prices ranging from $240,000 to $405,729 at an average of $139.70 per sq. ft. of living area.

Legacy Cove in Stuart FL

Legacy Cove in Stuart Florida is a gated lakeside community of 229 homes off of Cove Road in Stuart, Florida.  Legacy Cove consists of two sections. The first section of 142 homes called the Cove Isle development was mostly completed between 2004 and 2005.  The newer section, called the Cove Lakes development consists of 87 home sites with construction that began in 2007.  Some homes are yet to be completed in Cove lakes.

Legacy Cove in Stuart FL

There’s a wide variety of homes in Legacy Cove, ranging for the smallest, a 3 bedroom, 2 bathroom, 2 car garage with a little under 1,600 square feet of living area to  4, possible 5 bedroom, 3 and a 1/2 bathroom, 3 car garage two story homes with almost 4,000 square feet of living area.  And many sizes in between.

Legacy Cove in Stuart FL

Legacy Cove boasts a community pool and club house with a fitness center as well as two hard surfaced tennis courts.  Many homes in Legacy Cove in Stuart Florida have serene lake views and a comfortable private feeling.  Located just minutes from I-95, this is a great location for those wishing to take advantage of Martin County’s amenities while still having an easy commute to work either north or south.

Legacy Cove in Stuart FL

Legacy Cove is in an ‘A’ Martin County school system with children currently attending Pinewood elementary school, Dr. David L Anderson middle school and Martin County high school.

Legacy Cove in Stuart FL

The HOA fees are very reasonable at $688.00 per quarter.  Management of the community is through Bristol Management of Stuart.

Legacy Cove in Stuart FL

Residents of Legacy Cove in Stuart Florida enjoy a relaxing life style with easy access to restaurants, shopping and the many waterways, beaches and public parks that Martin County has to offer.

Search here for Legacy Cove Homes for Sale

For any questions you may have about Locks landing, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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May 2014 Market Report for Legacy Cove in Stuart Florida


May 2014 Market Update for Ocean House in Indian River Plantation

05.04.14 by

May 2014 Market Update for Ocean House in Indian River Plantation

May 2014 Market Update for Ocean House Condos in Indian River Plantation, Hutchinson Island in Stuart, FL

Currently 1 active listing on the market with a list price of $499,000 which equates to $373.10 per square ft. of living area.

Currently, no units in Ocean House are pending (under contract).

In the past 12 months, 4 condos have sold ranging in sales prices from $460,000 to $790,000 with an average price per square foot of $433.70

Ocean House in Indian River Plantation

One of the newest buildings in Indian River Plantation, Ocean House, is also the most magnificent.  Consisting of 79 Luxury Condo units of either 2 or 3 spacious bedrooms with amenities galore.  All suites have Ocean views, even the first floor units, which are in actuality the equivalent of being on the third floor as there are two parking levels for residents to enjoy covered parking.

Ocean House in Indian River Plantation

Ocean House has a newly renovated club house area featuring an updated kitchen with granite counter tops and stainless steel appliances.  Two flat screen televisions and free wi-fi for those that need connectivity.

Ocean House in Indian River Plantation

A heated pool and lanai area that’s perfect for lounging close to the beach, or walk down your private access to enjoy the crystal blue waters of your private Atlantic ocean beach.

Ocean House in Indian River Plantation

Barbecue area with a Tiki Hut for those nights that you want to eat out under the stars.

The Marriott Resort at Indian River Plantation Features:

Ocean House in Indian River Plantation

Indian River Plantation consists of numerous condominium associations and buildings.  All styles from Ocean front to River front and Golf and Tennis villas can be found here.  IRP is associated and co-located with the Marriott Resort and Marina.

Tucked away on Hutchinson Island, the Treasure Coast’s 16-mile lush barrier island, is a unique resort that greets guests with the warmth of true Southern hospitality.

The Hutchinson Island Marriott Beach Resort and Marina stretches across 200 acres of plantation landscape on Hutchinson Island, bordered on one side by the Atlantic Ocean and by the shimmering Indian River on the other side.

A newly remodeled lobby with sweeping draperies, plantation-style wood furnishings and tropical tones sets the stage for a magical golf getaway. This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.

Ocean House in Indian River Plantation

Golfers of all skill levels will enjoy the challenging fairways and greens found in the area’s 12 courses. Plantation East, the resort’s own course, meanders throughout the island and is characterized by water on 17 of 18 holes. This 4,042-yard, par-61 executive course requires careful club selection and precision shot-making to overcome constantly changing ocean breezes.

This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.

Golfers of all skill levels will enjoy the challenging fairways and greens found in the area’s 12 courses. The Ocean Club, the resort’s own course, meanders throughout the island and is characterized by water on 17 of 18 holes. This 4,042-yard, par-61 executive course requires careful club selection and precision shot-making to overcome constantly changing ocean breezes.

The Hutchinson Island Marriott offers guests and residents two tiki bars and their Signature Restaurant, the Baha Grille. Thirteen Novagrass tennis courts, miles of unspoiled beaches, water sports, deep sea fishing, and a full-service 77-slip marina anchored on the Indian River round out a perfect vacation of sun and fun.

Resort amenities also include three heated pools with sun decks, game rentals from the Activities Hut, two outdoor spas and supervised activities for both children and teens.

May 2014 Market Update for Ocean House in Indian River Plantation

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March 2014 Monthly Market Detail Martin County Townhouses and Condos

04.29.14 by

March 2014 Monthly Market Detail Martin County Townhouses and Condos

March 2014 Monthly Market Detail Martin County Townhouses and Condos report showed continued disappointing results as to both last year and the past few months.  Year to year closed sales were down by 29.9% (was down by 1% in February) while new sales under contract (new pending sales) decreased by 9% (was down 27% in February).

The median sales price increased by 7.4% (was up by 17.6% in February) while the average sales price decreased by 11% (was up 20.6% in February) as compared to March of 2013.  As the price increases moderate, I would expect to see some increased volume of closed and pending sales for the future.

 The inventory of available townhouses and condos has decreased by 39 to 596 units from last month which is 13.2% less inventory than was available in March of 2013.  With values going up as much as they have, I would have expected higher inventory levels.  The current supply of inventory is 6.2 months (a 16.5% decrease from last year).   Though down in volume from last year, this is still a balanced market that favors neither the buyer nor the seller.

March 2014 Monthly Market Detail Martin County Townhouses and Condos

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

March 2014 Monthly Market Detail Martin County Townhouses and Condos

March 2014 Monthly Market Detail Martin County Single Family Homes

04.28.14 by

March 2014 Monthly Market Detail Martin County Single Family Homes

The March 2014 Monthly Market Detail Martin County Single Family Homes is showing some slower growth and even retracting in some areas (much like many other areas in FL this month).  Year to year closed sales were off by 14.7% (was up 10.8% in February). New pending sales increased by 17.5% as compared to March of 2013 (decreased by 30.4% in February).  An increase in the pending sales indicates a good possibility of better closed activity for the near future

The median sales price was up by 4% from last year (up by 5.7% in February) while the average price dropped by 25.1% (was down by 18.3% last month).  This is a dramatic indication of the continued activity for the lower price ranges and a slower sales volume in the higher end luxury market.

The inventory of available single family homes increased from February 2014 by 61 homes to 1,429 units this month, representing a 12.2% increase from last March.  Current supply of inventory rose to 7.5 months (a 2.9% decrease from last year).  Hovering just outside of a balanced market for now with a slight advantage for buyers.

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

March 2014 Monthly Market Detail Martin County Single Family Homes