Martin County Florida Condo Market Report for March 2012

04.30.12 by

Martin County Florida Condo Market Report for March 2012

Commentary:

Unlike the residential segment of the Martin County real estate market, the Martin County Florida Condo Market Report for March 2012 showed modest increases for March of 2012 rather than the explosive growth in the single family segment of the Martin County real estate market.  Sales for March were a respectable 64 units, 19 units less than March of 2011 (83 units)  but higher than February’s 57 units. On a positive note, the median sales price rose to $103,500 from an anemic $85,000 last month.

The inventory rose slightly to 651 condos, which is up from 640 units last month and down from the 721 condos that were on the market in March of 2011.  The one month absorption rate is now at 10.2 months, while the three month average is at 12.4 months.  It remains a challenging market for condos in Martin County. We need to see the absorption rate below 9 months for a healthy market and down to 6 or 7 months to be considered a balanced one.

The big uncertainty that remains is the economy. We believe that if we have any sustained good news, we will see a pretty good rush on the market which will be a nice change from the present. For the longer term, even though we have the best mortgage rates in history at the moment, inflation is making news and this is not good for rates down the line. The Fed is working hard to keep rates down, but for how long, we’re just not to sure.

Our outlook for Martin County is fairly positive as for buyers, prices and rates remain very attractive. For sellers, it doesn’t look like we’re going to see any significant improvements soon, so if you need to sell, you may be better off now than possibly in the near future.

Martin County Florida Condo Market Report for March 2012

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, visit our website or call us at (772) 888-2885.
Our market reports are here!

Martin County Florida Residential Market Report for March 2012

04.29.12 by

Martin County Florida Residential Market Report for March 2012

Commentary:

The Martin County Florida residential market report for March 2012 showed very strong results. The sales volume of 198 homes was 11 homes more than last year and up by 82 homes from January (116). The one month absorption rate was down to 6.5 months while the three month moving average is now at 9.9 months. The one month absorption rate is now indicating a balanced market and as some other markets are reporting around the nation, we are hovering on a possibility of once again being in a ‘seller’s markt’. Activity remains high and I expect some fairly respectable numbers for the coming months.

Both average and median sales prices were down slightly from February.  The first decline in the past two months.  This is more a reflection of the mix of homes selling for this month rather than an indication of lower values (More lower priced homes selling).  However the spectre of an increased number of distressed properties being released by the banks remains and should a large number of foreclosures come on the market, this will further depress prices at worst, keep the values relatively stable at best.

Our outlook for Martin County remains optimistic as prices and rates remain at historic low levels. For sellers, homes are selling, and if priced and presented optimally, they are going quickly. Buyers are seeing historically low interest rates and very affordable quality homes in almost all price ranges.

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

Click on the individual charts to see charts in expanded mode.

Martin County Florida Residential Market Report for March 2012

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, visit our website or call us at (772) 888-2885.
Our market reports are here!

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, March 2012

04.27.12 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, March 2012

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for March 2012

For March 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 38 active condo listings. (Up 6 from February)

7 Condo sales are pending and awaiting close or lender approval. (Up 3 from February)

  5 Condos sold in March (Up 4 from February)

The Hobe Sound condo market (Zip Code 33455) is a very small segment of both Hobe Sound real estate as well as the smallest condo market in Martin County. March showed some improvement from previous months, with an increase to 5 closed sales.  Inventory gre a little but with such a low inventory, I don’t expect to see any great movement in this segment of the Treasure Coast Florida condo market. Last March’s numbers were 37 active listings, 9 pending sales and 5 closed sales. Almost identical to this year’s numbers.

Search here for Hobe Sound Florida Real Estate for Sale ( Condos)
Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, March 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, March 2012

04.24.12 by

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, March 2012

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for March 2012

For March 2012 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
(Due to technical difficulties the February Market Snapshot data was unavailable)

There are currently 68 active listings. (Unchanged from February)

26 Condo sales are pending and awaiting close or lender approval. (Up 5 condos from February)

8 Condo Sold (An increase of 6 condos from February)

The Jensen Beach Condo market (zip code 34957) for Martin County is a fairly small segment of the market.  It maintains a good active market however with a low inventory that was unchanged from February and fairly good pending data.  Closed sales were up by a good amount last month. 

Last March there were 63 active listings, 21 pending sales and 7 closed sales. Basically unchanged over the year.

 

Search here for Jensen Beach Real Estate for Sale

Jensen Beach Florida Real Estate presented by:
Gabe Sanders

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, March 2012

Palm City Florida Market Report ZIP Code 34990 – Condo, March 2012

04.21.12 by

Palm City Florida Market Report ZIP Code 34990 – Condo, March 2012

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for March 2012

For March 2012 in the 34990 Zip Code area of Palm City, Florida :

There are currently 66 active condo listings. (Down 5 from February)

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

3 Condos Sold in March. (Down 2 from February)

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 townhomes.   Most of the condos in Palm City are not as attractive to Martin County’s seasonal buyers and tend to be more attractive to a greater number of year-round residents.  This segment of the market currently is treading water with small changes in all categories.

Last year’s numbers for the Palm City (34990 zip code area) Condo market were 65 active listings, 7 pending sales and 5 closed sales.

Search here for Palm City Florida Real Estate for Sale ( Condos)

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City Florida Market Report ZIP Code 34990 – Condo, March 2012

Suntide Oceanfront Condo on Hutchinson Island Open House

04.21.12 by

Suntide Oceanfront Condo on Hutchinson Island Open House

Please join us on April 22, from 1:00 to 4:00 pm. to view this great opportunity on Hutchinson Island.
Suntide Condo, 1357 NE Ocean Blvd. in Stuart, FL

Fully furnished with an updated kitchen and oceanfront 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, a heated pool, tennis courts, shuffleboard, a wash area, a newly renovated clubhouse with billiards, a card table, a fully equipped kitchen, a bar, a library and entertaining area, and a professional fitness center. Under building secured parking. This well-appointed condo is ready for immediate occupancy.

Suntide Oceanfront Condo on Hutchinson Island Open House

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

Open House in Rocky Point Condo with 40 Foot Deeded Boat Dock

04.20.12 by

Open House in Rocky Point Condo with 40 Foot Deeded Boat Dock

Port Manatee Condo in Rocky Point

Join us on April 22, from 1 to 4 P.M. to view this exceptional opportunity for the serious boater or investor!

Are you looking for a full-time home or just a getaway? Are you a boater or fisherman? This is the perfect place for you. Spacious first floor, 2 BR, 2 BA condo in the Manatee Pocket with a deeded 40′ dock (water and electric). Only minutes to the crystal clear waters of the Atlantic Ocean to fish, or to take a quick trip over to the Bahamas. This condo features reasonable fees, spacious grounds, a large community pool overlooking ‘the pocket’, and a free laundry room. Freshly painted and brand new carpets. Light and bright Florida room with water views. One small pet (under 25 lbs.) is allowed. Great location, only minutes to the beaches, shopping restaurants and all the amenities that Martin County has to offer. Call for more information.

Search for all Condos in Rocky Point, Stuart

Rocky Point Florida Real Estate is presented by:
the Gabe Sanders real estate team

Open House in Rocky Point Condo with 40 Foot Deeded Boat Dock

Price Reduced on Stuart Home on 2 Acres

04.19.12 by

Price Reduced on Stuart Home on 2 Acres

5689 SE Ault Ave is now $180,000

3, possible 4 bedroom, 2 bath, ranch home on 2 acres zoned for agriculture use to keep your taxes low. Solar hot water heater to keep utility bills low also. This unique and secluded property sits at the end of a private driveway with a lake that surrounds two sides of the property. Along with the spacious home and land is a detached air-conditioned workshop/garage and an air-conditioned kennel. A professional vegetable garden set up with underground sprinklers. Lots of room for whatever you may need for a home-based business or raising and taking care of animals. Horses permitted. A tranquil setting but still in the heart of Stuart, only minutes to schools, shopping, restaurants and the beaches of Martin County. Many, many extras. Now reduced to $180,000

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

Price Reduced on Stuart Home on 2 Acres

Another Cedar Pointe Condo Sold by the Gabe Sanders Real Estate Team

04.16.12 by

Another Cedar Pointe Condo Sold by the Gabe Sanders Real Estate Team

2929 SE Ocean Blvd. Unit 147-8
Sales Price – $45,000

Charming two-bedroom condominium located in desirable Village 8. This condo comes completely furnished and is in move-in condition. Serene views from the glass-enclosed porch was recently redone. The air conditioner and roof were replaced in 2009. Community laundry plus an extra storage room are just steps away from your door. Complex amenities include clubhouse, pool, shuffleboard and many enjoyable activities to meet the neighbors. 55+ Community Close to shopping and beaches.

Search all Cedar Pointe Condos for Sale in Stuart Florida
Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Another Cedar Pointe Condo Sold by the Gabe Sanders Real Estate Team

Price Reduced on Rocky Point Condo with 40 Foot Deeded Boat Dock

04.03.12 by

Price Reduced on Rocky Point Condo with 40 Foot Deeded Boat Dock

Port Manatee Condo in Rocky Point

Now reduced to $199,000

Port Manatee Condos in Rocky Point FL
Port Manatee Condos in Rocky Point FL

Looking for a full time home or just a getaway? Are you a boater or fisherman? This is the perfect place for you. Spacious first floor, 2 BR, 2 BA condo in the Manatee Pocket with a deeded 40′ dock (water and electric). Only minutes to the crystal clea r waters of the Atlantic Ocean to fish, or to take a quick trip over to the Bahamas. This condo features reasonable fees, spacious grounds with a large community pool overlooking ‘the pocket’, and a free laundry room. Freshly painted and brand new carpe ts. Light and bright Florida room with water views. One small pet (under 25 lbs.) allowed. Great location, only minutes to the beaches, shopping restaurants and all the amenities that Martin County has to offer. Call for more information.

Port Manatee Condos in Rocky Point FL

More Information and Pictures for this Rocky Point Condo with Deeded Dock

Search for all Condos in Rocky Point, Stuart

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Rocky Point Florida Real Estate is presented by:
the Gabe Sanders real estate team

Price Reduced on Rocky Point Condo with 40 Foot Deeded Boat Dock

Martin County Florida Condo Market Report for February 2012

03.27.12 by

Martin County Florida Condo Market Report for February 2012

Commentary:

Much like the residential segment of the Martin County real estate market, the Martin County Florida Condo Market Report for February 2012 showed modest increases for February of 2012. Sales for February were a respectable 57 units, up by 3 from February of 2011 (54 units) and also up from January which had 37 sales. On a negative note, the median sales price took a dive to $85,000.  This is most likely a reflection of the mix of condos that sold in February as opposed to a big drop in values.  More of the lower priced mainland condos were the ones that drove down the median price.

The inventory continues to decline and is now down to 640 condos, which is down from 664 units last month and from 772 condos in February of 2011.  This is the lowest inventory since November of 2005 which was prior to the ‘bubble’.  A decreased inventory will trigger an increase in demand as the supply of existing units just isn’t available increasing the urgency for buyers.

The one month absorption rate is now at 11.23 months, while the three month average is at 13.54 months.  Considerably better than the 14.3 and 15.51 months of February 2011. We still need to see the absorption rate below 9 months for a healthy market and down to 6 or 7 months to be considered a balanced one.

The big uncertainty that remains is the economy. We believe that if we have any sustained good news, we will see a pretty good rush on the market which will be a nice change from the present. For the longer term, even though we have the best mortgage rates in history at the moment, inflation is making news and this is not good for rates down the line. The Fed is working hard to keep rates down, but for how long, we’re just not to sure.

Our outlook for Martin County is fairly positive as for buyers, prices and rates remain very attractive. For sellers, it doesn’t look like we’re going to see any significant improvements soon, so if you need to sell, you may be better off now than possibly in the near future.

Click on the individual charts to see charts in expanded mode.

Martin County Florida Condo Market Report for February 2012

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, visit our website or call us at (772) 888-2885.
Our market reports are here!

Martin County Florida Residential Market Report for February 2012

03.27.12 by

Martin County Florida Residential Market Report for February 2012

Commentary:

The Martin County Florida residential market report for February 2012 showed excellent results. The sales volume of 116 homes was the exact same as last year and up by 18 homes from January (98). The one month absorption rate was down to 11.85 months while the three month moving average is at 11.31 months. Activity remains high and I expect some fairly respectable numbers for the coming months.

Both average and median sales prices were up from January.  In fact, average sales prices have risen for the last two months.  Along with this trend, listing prices are also inching up, and have been rising for the past six months.  The inventory declined to 1375 residential units.  This is the lowest value since October of 2005, before the ‘bubble’.  The reduction of inventory is what is exerting strong pressure on possible price increases.  While a continuing trickle of distressed properties (short sales and foreclosures) are counteracting the upward price pressure.

Our outlook for Martin County remains optimistic as prices and rates remain at historic low levels. For sellers, homes are selling, and if priced and presented optimally, they are going quickly. Buyers are seeing historically low interest rates and very affordable quality homes in almost all price ranges.

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

Click on the individual charts to see charts in expanded mode.

Residential Market Report for February 2012 in Martin County, Florida

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, visit our website or call us at (772) 888-2885.
Our market reports are here!

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, February 2012

03.26.12 by

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, February 2012

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for February 2012

For February 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 32 active condo listings. (Unchanged from last January)

4 Condo sales are pending and awaiting close or lender approval. (Up 1 from January)

  1 Condo Sale closed in February (Down 4 from January)

The Hobe Sound condo market (Zip Code 33455) is a tiny segment of both Hobe Sound real estate as well as the smallest condo market on the Treasure Coast. February showed very little change from previous months, with only 1 sale closed. With such a low inventory, I don’t expect to see any great movement in this segment of the Treasure Coast Florida condo market. Last February’s numbers were 48 active listings, 12 pending sales and 3 closed sales.

Search here for Hobe Sound Florida Real Estate for Sale ( Condos)
For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, February 2012

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, February 2012

03.24.12 by

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, February 2012

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for February 2012

For February 2012 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
(Due to technical difficulties the January Market Snapshot data was unavailable)

There are currently 68 active listings. (Down 2 from January)

21 Condo sales are pending and awaiting close or lender approval. (Up 5 condos from January)

2 Condo Sold (A decrease of 5 condos from January)

The Jensen Beach Condo market (zip code 34957) for Martin County is a fairly small segment of the market.  It maintains a good active market however with a low inventory and fairly good pending data.  Closed sales were down last month, but should be improving for the remainder of the season.  Last February there were 59 active listings, 21 pending sales and 5 closed sales. Basically unchanged over the year.

Search here for Jensen Beach Real Estate for Sale

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Jensen Beach Florida Real Estate presented by:
Gabe Sanders

Jensen Beach Florida Market Report ZIP Code 34957 – Condo, February 2012

Palm City Florida Market Report ZIP Code 34990 – Condo, February 2012

03.20.12 by

Palm City Florida Market Report ZIP Code 34990 – Condo, February 2012

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for February 2012

For February 2012 in the 34990 Zip Code area of Palm City, Florida :

There are currently 71 active condo listings. (Up 3 from January)

1 Condo sales are pending and awaiting close or lender approval. (Down 5 from last month)

5 Condos Sold in February. (Up 2 from January)

The 34990 zip code area of the Palm City condo market is a fairly small section of this area as most property in Palm City is either single-family homes or townhomes. With only 71 currently active listings, it is not a very large market. Last year at this time there were 71 active listings, 9 pending sales, and 3 closed sales as compared to this year’s 1 and 5 respectively. The condo market remains significantly more sluggish compared to the single-family residential market. We are seeing a new normal being established for this smaller segment of the Martin County real estate market.

Search here for Palm City Florida Real Estate for Sale ( Condos)

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City Florida Market Report ZIP Code 34990 – Condo, February 2012

Palm City Florida Market Report ZIP Code 34990 – Residential, February 2012

03.19.12 by

Palm City Florida Market Report ZIP Code 34990 – Residential, February 2012

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for February 2012

For February 2012 in the 34990 Zip Code area of Palm City Florida :

There are currently 482 active listings (Increase of 8 homes from January)

176 Residential sales are pending and awaiting close or lender approval. (An increae of 15 homes from last month)

49 Homes Sold in February (Increased 17 homes from January)

For the Palm City, zip code 34990, area of Martin County Florida, another positive month in terms of closed sales and future pending sales.  Inventory crept up by a small number, but sales activity remains strong in Palm City residential real estate. Comparing these numbers to February of 2011, when there were 570 active listings, 144 pending sales and 46 homes sold, very similar numbers with a significantly smaller inventory.

Search here for Palm City Florida Real Estate for Sale

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

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

Palm City Florida Market Report ZIP Code 34990 – Residential, February 2012

Rocky Point Condo with 40 Foot Deeded Boat Dock

03.19.12 by

Rocky Point Condo with 40 Foot Deeded Boat Dock

Port Manatee Condo
Rocky Point

Looking for a full-time home or just a getaway? Are you a boater or fisherman? This is the perfect place for you. Spacious first floor, 2 BR, 2 BA condo in the Manatee Pocket with a deeded 40′ dock (water and electric). Only minutes to the crystal clear r waters of the Atlantic Ocean to fish, or to take a quick trip over to the Bahamas. This condo features reasonable fees, spacious grounds with a large community pool overlooking ‘the pocket’, and a free laundry room. Freshly painted and brand new carpets. Light and bright Florida room with water views. One small pet (under 25 lbs.) is allowed. Great location, only minutes to the beaches, shopping restaurants, and all the amenities that Martin County has to offer. Call for more information.

Search for all Condos in Rocky Point, Stuart

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Rocky Point Florida Real Estate is presented by:
the Gabe Sanders real estate team

Rocky Point Condo with 40 Foot Deeded Boat Dock

Beautiful Ocean House Condo on Hutchinson Island has been Sold

03.18.12 by

Beautiful Ocean House Condo on Hutchinson Island has been Sold

579 NE Plantation Drive, Suite S-108
Stuart, Florida 34996

Welcome the lucky new owners and congratulate the happy sellers of this Ocean House Condo in Indian River Plantation on Hutchinson Island in Stuart.  Just sold for $340,000.  The Gabe Sanders real estate team represented the sellers.

Enjoy resort-style living at its finest in this immaculately maintained Ocean House condo in Indian River Plantation on Hutchinson Island in Stuart. This fully furnished 2 bedroom, 2 bath unit is located on the first floor, three levels up, with two covered parking decks under the building. Spacious living area with balcony overlooking the ocean and pool areas of Ocean House. There’s a newly renovated clubhouse with a fully equipped kitchen, WIFI, BBQ areas, private beach access, and bicycle and personal storage areas. Very reasonable memberships are available to enjoy all amenities of the Marriott Resort at Indian River Plantation including golf, tennis, boating, beachfront tiki bar, pool with sidebar and fine dining at the Marriott Resort.

Search here for:

Hutchinson Island Condos For Sale

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

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

Beautiful Ocean House Condo on Hutchinson Island has been Sold

Sewalls Point Market Report – Residential, February 2012

03.09.12 by

Sewalls Point Market Report – Residential, February 2012

Sewalls Point Real Estate Snapshot, Residential Sales for February 2012

There are currently 66 active listings (an increase of 7 home for sale from January)

9 Residential sales are pending and awaiting close or lender approval (An decrease of 2 from January)

3 Homes sold in January (Unchanged from January)

Continuing slow results for the Sewalls Point market report.  Inventory has gone up to 66 homes while sales remained slow at 3 closed homes and pending sales were also off from the past couple of months.  This compared to other parts of martin County which had some fairly strong results.  The Sewalls Point price point remains high for many of today’s buyers and this is possibly what is causing the slow activity at present.

Comparing the results to February of 2011, the inventory is down from 69 homes, pending sales were 12 last year and no homes sold.  So while it wasn’t a particularly good month this year, still somewhat better than last year.

Search here for Sewalls Point Florida Real Estate for Sale

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

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

Sewalls Point Market Report – Residential, February 2012

Danforth in Palm City Florida

03.06.12 by

Danforth in Palm City Florida

Danforth in Palm City Florida is a wonderful family subdivision with 335 homes of many sizes and shapes with a true neighborhood feel.  Very well located in palm City off SW Martin Highway and within walking distance of both the Palm City Elementary and Hidden Oaks Middle School.  Both of these schools are top-rated in the Martin County school system as well as in the State of Florida.

Many homes are lakefront with beautiful views and a fantastic private feeling. Yet, this community is within a mile of the new Publix and close to restaurants and medical facilities.  Also just a couple of minutes to Florida’s Turnpike for those wishing to either commute or make a short trip to West Palm Beach or other points just North or South.

Currently, the following homes are for sale in Danforth in Palm City Florida

Palm City Florida Real Estate presented for your consideration by:
the Gabe Sanders real estate team

For more information, visit our website or call us at (772) 888-2885.
Our market reports are here!

Danforth in Palm City Florida