South Fork Estates Market Update for September 2013

South Fork Estates Market Update for September 2013

There is currently only one home for sale in South Fork Estates.  The listing price is $348,500 which equates to $154.96 per sq. ft. of living area.

There are currently no homes under contract, pending a sale in South Fork Estates

In the past 12 months, there have been 8 sales in South Fork Estates.  Two of these homes were short sales..  Sales prices ranged from $215,000 to $370,000.  The average sales price per square foot of living area was $136.01 at a 96% list to sales ratio.

Aerial of South Fork Estates in Stuart FL
A unique private community in Stuart, Florida built before land was so expensive that homes had to be placed on top of each other.  All home in South Fork Estates are on 1/2 acre or larger lots, many with serene views of two large lakes located within this community.  Those homes not on the lakes have private preserve views of the Atlantic Ridge.  

Home in South Fork Estates in Stuart FL
There are 114 homes in South Fork Estates.  Homes were built from 1992 through as late as 2011.  The majority of the homes are in the 1998 through 2005 years.  Most homes are either 3 or 4 bedrooms with 2 and 3 car garages, ranging in size from around 2,000 sq. ft. of living area to over 3,500.  There are still a few residential lots that are vacant awaiting a home.

Lake in South Fork Estates in Stuart FL

This is a close-knit community with a playground as well as a boat and RV storage area.  Low Homeowners’ association fees of under $50 per month at the time of this writing.

Home in South Fork Estates in Stuart FL

Children living in South Fork Estates attend Crystal Lake Elementary, David L Anderson Middle and South Fork High Schools.  

Pool View from South Fork Estates in Stuart FL

Located just off Cove Rd. and Kanner Highways, this community is just minutes from I-95 for commuters.  Shopping and medical facilities are also close by.  And, there are numerous choices for boating access also only a short ride away.

South Fork Estates in Stuart FL - RV and Boat Lot

One of the hidden gems of the Stuart area, South Fork Estates id a great community to call home.

Here are the currently available homes for sale in South Fork Estates

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South Fork Estates Market Update for September 2013

July 2013 Monthly Market Detail Martin County Townhouses and Condos

July 2013 Monthly Market Detail Martin County Townhouses and Condos

The July 2013 Monthly Market Detail Martin County Townhouses and Condos continues to show positive year to year results.  We’ve had a very impressive run so far in 2013 with no signs of abatement.   Year to year closed sales were up by 20.8% ( down by 18% in June) while new sales under contract (new pending sales) increased by 65.6% (was 38.3% in June).

The median sales price increased by 20.7% (was up by 14.6% in June) while the average sales price rose by 10.2% (was up 25.3% in June) as compared to July of 2012.

The inventory of available townhouses and condos have decreased to 545 units which is a decrease of 31.5% from last July.  Current supply of inventory is only 5.5 months (a 41.4% decrease from last year).  For the Martin County townhouse and condo market we are now in a seller’s market.  This will put significant pressure into possible rising values as long as a seller’s market persists.Martin County Townhouses and Condos Market Detail July 2013

 

Click here to view or download the full report:
July 2013 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.

July 2013 Monthly Market Detail Martin County Townhouses and Condos

July 2013 Monthly Market Detail Martin County Single Family Homes

July 2013 Monthly Market Detail Martin County Single Family Homes

Another month of solid gains year to year for the July 2013 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors.   Closed sales were up by 18.2% (was 24.4 % in June) and new sales under contract (new pending sales) increased by 42.1% (43.9% in June).

Both the median and average sales prices (year to year) increased this month by percentages of 11.8% and 14% respectively.

The inventory of available single family homes have decreased to only 1102 units which is down by 23.9% from last July.  Current supply of inventory is only 6.3 months (a 35.5% decrease from last year).  We are now in a balanced market for residential sales in Martin County.  There’s no reason not to expect a sellers market should the inventory continue to decrease.

Please look at the full Martin County single family market detail by clicking on the links below:Martin County Single Family Market Detail July 2013

 

 

Click here to view or download the full report:
July 2013 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.

July 2013 Monthly Market Detail Martin County Single Family Homes

July 2013 Monthly Market Detail Florida Townhouses and Condos

July 2013 Monthly Market Detail Florida Townhouses and Condos

The July 2013 Monthly Market Detail Florida Townhouses and Condos for the state of Florida showed excellent activity after a bit of easing in June.   Year to year closed sales were up by 16.8% as compared to last months decrease of 2.5% and new sales under contract (new pending sales) increased by 20.7% (June’s increase was 14.2%).

Both median and average sales prices were up (year to year) by 21.9% and 21.7% respectively (higher than June’s). 

One item of concern is the active inventory which has decreased again, for July by 17.5%.  The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale.  This will also result in strong upward pressure on prices and at some point renewed activity in new construction.  If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.

Click on the link below or the graphic to see the full market detail report from Florida Realtors:Monthly Market Detail July 2013 Townhouses and Condos Florida

 

 

Click here to view or download the full report:
July 2013 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.

July 2013 Monthly Market Detail Florida Townhouses and Condos

July 2013 Monthly Market Detail Florida Single Family Homes

July 2013 Monthly Market Detail Florida Single Family Homes

The positive trend continues for the real estate market as reported by Florida Realtors for the July 2013 Monthly Market Detail Florida Single Family Homes for the entire state of Florida.  All indices have once again moved in a positive direction with the exception of inventory (active listings).  Year to year closed sales were up by 20.9% (was 8.6% in June) and new sales under contract (new pending sales) increased by 25.9% (was 23.1% in June).

Both median and average sales prices were up (July 2012 to July 2013) by 18.7% and 17.5% respectively.  July results are surprisingly better numbers than June of 2013 and momentum has been regained.

The inventory of available homes for sale remains a concern as it continues to decrease, down by 17.2% from last year.  The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale.  This will also result in strong upward pressure on prices and at some point renewed activity in new construction.  If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.

Please look at the full detail report for the rest of the story:Florida Market Detail July 2013 Single Family Homes

 

Click here to view or download the full report:
July 2013 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.

July 2013 Monthly Market Detail Florida Single Family Homes

Martin County Florida Condo Market Report for July 2013

Martin County Florida Condo Market Report for July 2013

 

Commentary:

The Martin County Florida Condo Market for July 2013 had minimally better sales than last year (2 condos).  On a positive note, the inventory rose to 526 units, making for a better selection for buyers.   Though these levels are still low.  It was back in 2005 when we had steady inventory levels below 600 units.  The median sales price took a nice jump from June (up by $34,000) and is $6,000 higher than last year.  Much of the median price results are driven by the mix of units selling.  We had a good number of higher end waterfront condos sell in July.  And, while prices are not declining any more in the overall market, they also are not making any large increases at this time.  Prices remain very sensitive to the community and the available competition.

The one month absorption rate increased to 8.92 months from last months 7.36 months, while the three-month average is now at 7.41 months.  We’ve slipped back into a slight buyers market.  Generally an absorption rate of 6 or 7 months is considered a balanced market.

Higher interest rates remain troubling for the market in general, but is not as strong an issue for our condo market as we have a fairly high percentage of cash buyers.  If the economy continues it’s improvement, I expect another good season for the condo market in Martin County for the upcoming year.

Click on the charts for a larger view:

Absorption Rate

  

 The Definition of Absorption Rate:
Number of months it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate, helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. Absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.Volume of Sales

Price

Trend Chart

Data compiled from the Realtor Association of Martin County

Martin County Florida Condo Market Report for July 2013

the Gabe Sanders real estate team

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

For more information about Florida’s Treasure Coast Real Estate, visit us at:

Stuart Florida Real Estate


Martin County Florida Residential Market Report for July 2013

Martin County Florida Residential Market Report for July 2013

 

Commentary:

The Martin County Florida Residential Market for July 2013 continues to produce better results as compared to recent years.   For July 2013, the inventory dropped below 1,000 homes for the first time since July of 2005.    Hopefully, this is only a seasonal reaction to the market as we approach the slower selling season in this area of Florida.  Should inventory levels remain this low, sales numbers will decline as buyers will have difficulty finding suitable housing.  New home sales are one relief to this inventory issue and we currently have a number of builders and communities with new home offerings.

Both median and average sales prices declined in July from last month, but are still improved year to year.  The one month absorption rate for July 2013 increased to 5.3 months (from 4.72 months in June), and the three-month average is 4.91 months.  A 6 month absorption rate is considered to be a balanced market, so we continue to be in a sellers market in Martin County.  It’s not unusual to see slower activity as we go into fall and the holiday season.

We’ve had a very good run in the market to date this year.  There are a few storm clouds on the horizon, though.  Mainly higher interest rates and a very uncertain economy.  Recent issues with the quality of our rivers as well as rising flood insurance rates are also impacting our higher end sales in the county.

Please feel free to contact us if you have any difficulty interpreting these charts.

  Clicking on the chart will produce a larger view.

Absorption Rate

 

The Definition of Absorption Rate:
Number of months it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate, helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. Absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.

Number of Sales

Price

Trend Chart

 

Data compiled from the Realtor Association of Martin County

Martin County Florida Residential Market Report for July 2013

the Gabe Sanders real estate team

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

For more information about Florida’s Treasure Coast Real Estate, visit us at:

Stuart Florida Real Estate

August 2013 Market Update for Martins Crossing

August 2013 Market Update for Martins Crossing

There are currently 7 homes for sale in Martins Crossing.  4 townhomes (priced from $121,500 to $169,000) and 3 single family homes priced from $199,000 to $289,000.  The average price per square foot of living area is $102.80.  Of these, one townhome is a short sale and two townhomes are bank owned.

There are nine homes under contract.  3 townhomes and 6 single family. Listing prices ranged from $109,000 to $289,000. This equates to an average of $93.78 per square foot of living area.

In the past twelve months, 49 homes have sold in Martins Crossing.  14 townhomes (sales prices ranged from $97,00 to $154,900) while the 35 homes had prices ranging from 130,000 to $270,000.  The overall sales price per square foot was $89.46 at an average list to sales ratio of 96%.   There were 13 short sales and 9 foreclosures in these sales.

The number of foreclosures and short sales has drastically declined in Martins Crossing and prices have risen significantly in the past 6 months.

Located in the intimate, yet vibrant, city of Stuart near a variety of fine restaurants, cultural outlets and shopping.  August 2013 Market Update for Martins Crossing, boasts of  596 residences with a stunning variety of single family homes and a section of private town homes. This family friendly community was completed around 2006 with mostly newer homes.

August 2013 Market Update for Martins Crossing community amenities include lush landscaping and with private preserve views,  The Martins Crossing Clubhouse has a sparkling resort style pool, and over sized deck, tennis courts and a playful tot lot all nearby.

August 2013 Market Update for Martins Crossing is conveniently located by Kanner Hwy. and Pomeroy Street for easy access to Historic Downtown Stuart, the beaches and waterways of Martin County, restaurants, shopping and quick access to I-95.  All this in a wonderful ‘A’ rated school system.

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August 2013 Market Update for Martins Crossing

Hobe Sound Florida Market Report ZIP Code 33455 Condo, July 2013

Hobe Sound Florida Market Report ZIP Code 33455 Condo, July 2013

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for July 2013

 

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

 

There are currently 16 active condo listings. (Down by 3 condos from June)

Active Listings - Hobe Sound Florida Market Report ZIP Code 33455 Residential, July 2013

 

10 Condo sales are pending and awaiting close or lender approval. (Down by 2 condos from June)
Pending - Hobe Sound Florida Market Report ZIP Code 33455 Condo, July 2013

 

 

5 Condos sold in July (Increased by 5 condos from June)

 Sold Listings - Hobe Sound Florida Market Report ZIP Code 33455 Condo, July 2013

 

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Sales increased to 5 units from 0 sales in July.  Pending sales were off slightly while the inventory is shrinking to very, very small numbers.

The absorption rate for July is 3.2 months.  A very strong sellers advantage for those in the Hobe Sound condo market..  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer. 

The July 2012 numbers were:  28 active listings, 7 pending sales and 3 closed sales.   Strong activity when compared to last year.

 

Please use the charts below as reference only as they rely on all residential types of property in the 33455 real estate market:

Market Summary - Hobe Sound Florida Market Report ZIP Code 33455 Condo, July 2013

Search here for Hobe Sound Florida Real Estate for Sale ( Condos)
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Hobe Sound Florida Market Report ZIP Code 33455 Condo, July 2013

 

Jensen Beach Florida Market Report ZIP Code 34957 Condo July 2013

Jensen Beach Florida Market Report ZIP Code 34957 Condo July 2013

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for July 2013

 

For July 2013 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

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

Active Listings - Jensen Beach Florida Market Report ZIP Code 34957 Condo July 2013

 

19 Condo sales are pending and awaiting close or lender approval. (Down by 5 condos from June)

Pending - Jensen Beach Florida Market Report ZIP Code 34957 Condo July 2013

 

9 Condos Sold (An increase of 2 condos from June)

Sold Listings - Jensen Beach Florida Market Report ZIP Code 34957 Condo July 2013

 


The Jensen Beach Condo market (zip code 34957) is a fairly small segment of the Martin County condo market.  Current inventory is at an all time low (though unchanged from June).   Pending sales were off slightly (not unexpected as the inventory is so low) while sales were up by two units.

The one month absorption rate for the July 2013, Jensen Beach Florida Market Report ZIP Code 34957 dropped to 3.4 months, signifying a shift to a strong sellers market. A balanced market is considered to be a 6 month absorption rate favoring neither the buyer or seller.

The July 2012 numbers were: 54 active listings, 23 pending sales and 5 condos closed.   Even with considerably less available condos, 3013 activity continues to outperform 2012.


 

Please use the charts below as reference only as they rely on all residential types of property in the 34957 real estate market:

Market Summary - Jensen Beach Florida Market Report ZIP Code 34957 Condo July 2013

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Jensen Beach Florida Market Report ZIP Code 34957 Condo July 2013

Palm City Florida Market Report ZIP Code 34990 Condo July 2013

Palm City Florida Market Report ZIP Code 34990 Condo July 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for July 2013

 

For July 2013 in the 34990 Zip Code area of Palm City, Florida :



There are currently 54 active condo listings. (Down by 4 condos from June)

Active Listings - Palm City Florida Market Report ZIP Code 34990 Condo July 2013

 

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

Pending Listings - Palm City Florida Market Report ZIP Code 34990 Condo July 2013

 

6 Condos Sold in July. (Down 2 condos from June)

Sold Listings - Palm City Florida Market Report ZIP Code 34990 Condo July 2013

 

The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes.  Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results.  Both pending and closed sales were off this month compared to June as well as another month with decreasing inventory.
 
The current absorption rate for condos in the 34990 zip code area rose to 8.3 months.  Drifting back into a buyers market, as a balanced market is considered to be an absorption rate of around 6 months.
 
The July 2012 numbers were: 62 active listings, 7 pending sales and 1 closed sales.   Even with the significantly lower number of active condo listings, this year’s activity is much better.

 

 

Please use the charts below as reference only as they rely on all residential types of property in the 34997 real estate market:

Market Summary - Palm City Florida Market Report ZIP Code 34990 Condo July 2013

 

Search here for Palm City Florida Real Estate for Sale ( Condos)
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Palm City Florida Market Report ZIP Code 34990 Condo July 2013

Stuart Florida Market Report ZIP Code 34994 Residential July 2013

Stuart Florida Market Report ZIP Code 34994 Residential July 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for July 2013

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

 

There are currently 55 active listings (Up 1 from June).

Active Listings

29 Residential sales are pending and awaiting close or lender approval (Down 7 homes from June).

Pending Listings

 

15 Homes Sold in June (Increased by 4 homes from June)

Sold Listings 

Closed sales were up by 4 homes in the 34994 ZIP code area of the Stuart, Florida.   Available homes for sale (Inventory) rose by 1 unit.   Pending sales dropped (second month in a row).   With such a low inventory of available homes plus the off season, we can expect a little slower activity in this market.  If the overall economy continues to improve and prices continue to rise, I will be expecting rising inventories as well for the coming season.

The one month absorption rate for the 34994 zip code for July dropped further to 3.7 months. signifying a strong sellers market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.  If you are contemplating placing your home up for sale in the 34994 zip code area of Stuart, FL, now is a good time.  Please call me for details of why this is so.

The July 2012 numbers were 62 Active Listings, 53 pending sales and 16 closed sales.  We’re doing well as compared to last year.  The largest drop this year is in pending sales as the number of short sales are slowly being closed and taken off the market.  These short sales have been inflating the pending numbers for the past couple of years.

 

Please use the charts below as reference only as they rely on all residential types of property in the 34994 real estate market:

Market Update

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Stuart, FL Real Estate

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Stuart Florida Market Report ZIP Code 34994 Residential July 2013

Martin County Florida Condo Market Report for June 2013

Martin County Florida Condo Market Report for June 2013

 

Commentary:

The Martin County Florida Condo Market for June 2013 was strong, though it retreated considerably from the excellent April numbers.   85 condos sold in June (compared to 128 in April).   Better numbers, year to year, but not excellent.  The inventory of available condos dropped again (fifth month in a row) to only 544 condos.  This low number is beginning to effect prices and at long last it appears that condo prices are starting to rise.   The median sales price was down compared to April, but this is a reflection of the larger number of lower priced condos that sold this month, rather than decreasing value.  Summer is upon us and typically the condo market slows down during the summer months.

The one month absorption rate increased to 6.4 months from last months 4.46 months, while the three-month average is now at 5.71 months.  Basically a balanced market for the time being.  Generally an absorption rate of 6 or 7 months is considered a balanced market.

The low inventory rates and rising interest rates are troubling and could possibly have a negative effect on the condo market recovery.

condo absorp
  

 The Definition of Absorption Rate:
Number of months it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate, helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. Absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.

condo numb

condo price

condo trend

 

Data compiled from the Realtor Association of Martin County

See the full set of charts at Treasure Coast FL Homes

Martin County Florida Condo Market Report for June 2013

the Gabe Sanders real estate team

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

For more information about Florida’s Treasure Coast Real Estate, visit us at:

Stuart Florida Real Estate


Martin County Florida Residential Market Report for June 2013

Martin County Florida Residential Market Report for June 2013

 

Commentary:

The Martin County Florida Residential Market for June 2013 continues to outpace recent years with continued strong sales activity.   For June, we had a slight rise in inventory (to 1,015 units) which is a positive sign as we need inventory for this market to continue to improve.  Closed sales increased from May and were also considerably better than last June’s numbers.  All signs of a good healthy recovery.

Both median and average sales prices rose in June and are much improved over last year’s prices as indicated in the graphs below.  The one month absorption rate for June 2013 decreased slightly to 4.72 months (from 4.74 months in May), and the three-month average stands at 4.66 months.  A 6 month absorption rate is considered to be a balanced market, so we are officially in a a sellers market in Martin County.  As late summer and fall approaches, we typically can expect a small decline in activity.

It appears that there is some improvement in the economy that is leading to a more positive outlook in consumer confidence.  While there is still much room for improvement, we are currently trending in the right direction.

Please feel free to contact us if you have any difficulty interpreting these charts.

res absorp

The Definition of Absorption Rate:
Number of months it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate, helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. Absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.

res numb

res price

res trend

 

Data compiled from the Realtor Association of Martin County

See the full set of charts at Treasure Coast FL Homes

Martin County Florida Residential Market Report for June 2013

the Gabe Sanders real estate team

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

For more information about Florida’s Treasure Coast Real Estate, visit us at:

Stuart Florida Real Estate

The Yacht and Country Club of Stuart August 2013 Market Report

The Yacht and Country Club of Stuart August 2013 Market Report

August 2013 Market Update:

There are 14 homes currently for sale in the Yacht and Country Club of Stuart.  Listing prices are from $295,000 to $1,200,000. Of these homes, two are short sales.  (Average of $181.18 per square foot of living area)

There are currently 8 homes under contract ranging in listing price from $127,000 to $432,600.  Three of these homes are short sales and one is a bank owned foreclosure.  (Average of $106.84 per square foot of living area)

38 homes have sold in the past 12 months.  Ranging in sales price from $109,900 to $739,900. 3 of these homes were short sales and 4 were bank owned foreclosures.  (the average sales price was $275,233 or $110.84 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 2013 Market Report

June 2013 Monthly Market Detail Martin County Townhouses and Condos

June 2013 Monthly Market Detail Martin County Townhouses and Condos

While there were positive results in pricing year to year for the June 2013 Monthly Market Detail Martin County Townhouses and Condos, sales numbers were off for the month.   Year to year closed sales were down by 12.8% ( up by 28% in May) while new sales under contract (new pending sales) increased by 38.3% (was 56.6% in May).

The median sales price increased by 14.6% (was off 5.5% in May) while the average sales price rose by 25.3% (was up 9.74% in May) as compared to June of 2012.

The inventory of available townhouses and condos have decreased to 547 units which is a decrease of 33.5% from last June.  Current supply of inventory is only 5.6 months (a 33.5% decrease from last year).  For the Martin County townhouse and condo market we are now in a slight seller’s market.  This will put significant pressure into possible rising values as long as a seller’s market persists.

June 2013 Market Detail for  Martin County Townhouses and Condos

Click here to view or download the full report:
June 2013 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 2013 Monthly Market Detail Martin County Townhouses and Condos

June 2013 Monthly Market Detail Martin County Single Family Homes

June 2013 Monthly Market Detail Martin County Single Family Homes

Another month of solid gains year to year for the June 2013 Monthly Market Detail Martin County Single Family Homes as reported by Florida Realtors.   Closed sales were up by 24.4% and new sales under contract (new pending sales) increased by 43.9%

Both the median and average sales prices increased this month (after decreases in May)by percentages of 13.8% and 31% respectively.

The inventory of available single family homes have decreased to only 1102 units which is down by 28.3% from last June.  Current supply of inventory is only 6.3 months (a 39.5% decrease from last year).  We are now at a balance market for residential sales in Martin County.  There’s no reason not to expect a sellers market should the inventory continue to decrease.

Please look at the full Martin County single family market detail by clicking on the links below:

June 2013 Market Detail for Martin County Single Family

 

Click here to view or download the full report:
June 2013 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 2013 Monthly Market Detail Martin County Single Family Homes

June 2013 Monthly Market Detail Florida Townhouses and Condos

June 2013 Monthly Market Detail Florida Townhouses and Condos

The positive trend from the spring has slowed for the June 2013 Monthly Market Detail Florida Townhouses and Condos for the entire state of Florida.   Year to year closed sales were off by 2.5% as compared to last months increase of 18.7% and while new sales under contract (new pending sales) increased by 14.2% (May’s increase was 30.8%).

Both median and average sales prices were up (June 2012 to June 2013) by 18.2% and 13.9% respectively (higher than May’s). 

One item of concern is the active inventory which has decreased by 20%.  The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale.  This will also result in strong upward pressure on prices and at some point renewed activity in new construction.  If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.

Click on the link below or the graphic to see the full market detail report from Florida Realtors:

June 2013 Market Detail for Florida Townhouses and Condos

 

Click here to view or download the full report:
June 2013 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 2013 Monthly Market Detail Florida Townhouses and Condos

June 2013 Monthly Market Detail Florida Single Family Homes

June 2013 Monthly Market Detail Florida Single Family Homes

Another positive month of results reported by Florida Realtors for the June 2013 Monthly Market Detail Florida Single Family Homes for the entire state of Florida.  All indices have moved in a positive direction though at a more modest pace than for the past few months.  Year to year closed sales were up by 8.6% (was 18.7% in May) and new sales under contract (new pending sales) increased by 23.1% (was 30.8% in May).

Both median and average sales prices were up (June 2012 to June 2013) by 15.1% and 14.2% respectively. 

The inventory of available homes for sale remains a concern as it continues to decrease, down by 22% from last year.  The reduced inventory will eventually result in lower sales volume as there just isn’t enough homes available for sale.  This will also result in strong upward pressure on prices and at some point renewed activity in new construction.  If prices rise to a level where currently underwater home owners can see a profit or even a break even price, I will expect a gradual increase in inventory.

Please look at the full detail report for the rest of the story:

June 2013 market detail for Florida Single Family

Click here to view or download the full report:
June 2013 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 2013 Monthly Market Detail Florida Single Family Homes

Hobe Sound Florida Market Report ZIP Code 33455 Condo, June 2013

Hobe Sound Florida Market Report ZIP Code 33455 Condo, June 2013

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for June 2013

 

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

 

There are currently 19 active condo listings. (Down by 2 condos from May)

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10 Condo sales are pending and awaiting close or lender approval. (Up by 5 condos from May)

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0 Condos sold in June (Down 4 condos from May)

 

 

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  There were no sales for condos in June, whoever pending sales doubled to 10 units. Inventory is only 19 units making meaningful interpretation of this market fairly meaningless with such low numbers in this segment of the Martin County condo market.

With 0 sales, the absorption rate for June is nonexistent.  Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer. 

The June 2012 numbers were:  30 active listings, 8 pending sales and 6 closed sales.   Pending sales remain stronger than in 2012, and the inventory is off by 30%.  Should see these pending condos translate into sales in the coming months.


Please use the charts below as reference only as they rely on all residential types of property in the 33455 real estate market:

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Hobe Sound Florida Market Report ZIP Code 33455 Condo, June 2013