Just Listed Waterfront Pool Home in Palm City Florida

Just Listed Waterfront Pool Home in Palm City Florida

1645 SW Mapp Road

Waterfront Pool Home in Palm City Florida

A rare gem in beautiful Palm City.  Situated on a secluded and private 1/2 acre +, lushly landscaped lot, is this like a new 4 BR, 3 BA, Screened pool home with private dock and lift (4,500 LB – but supports will accommodate larger).  This 1998 Mercedes Eileen Isle model has been maintained in pristine condition, with a gourmet kitchen featuring new Shirestone counters, newer appliances, newer high-efficiency AC, and a resurfaced gas-heated pool with a gas-heated screened pool with spa all with a view of the length of the canal to the Saint Lucie River.  No neighbors in sight from this private setting.  Yet close to Martin County’s ‘A’ rated schools, shopping, beaches, and downtown Stuart.  Only minutes to the blue waters of the Atlantic ocean.  An exceptional opportunity.

More Information and Pictures for this Palm City Florida Home for Sale

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Just Listed Waterfront Pool Home in Palm City Florida

Ocean House Condo in Indian River Plantation – Open House

Ocean House Condo in Indian River Plantation – Open House

Join us Sunday, March 4, from 1 p.m to 4 p.m. to view this wonderful opportunity on Hutchinson island at the Marriott resort in Indian River Plantation

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

Enjoy resort-style living at it’s 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 which is actually 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.

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Hutchinson Island Condos For Sale

Stuart, Florida Real Estate presented for your consideration by:
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For more information, visit our website or call us at (772) 888-2885.
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Ocean House Condo in Indian River Plantation – Open House

Spacious, Newer Harbour Pointe Lakeside Home in Palm City, Florida – Open House

Spacious, Newer Harbour Pointe Lakeside Home in Palm City, Florida – Open House

Join us on Sunday March 4 from 1 to 4 p.m. to see this exceptional home in Harbour Pointe, Palm City, Florida!

Spacious master suite upstairs with a connecting junior suite that can be a nursery, office, or a 5th bedroom. Two additional bedrooms on the 2’nd floor (one oversized – and possibly split into 2 for a 6th BR). The utility room is conveniently located upstairs. Modern kitchen with breakfast bar and dining nook overlooking the screened lanai with hot tub (stays) with serene lake views. 8′ doors throughout. Low HOA fees. An oversized garage can accommodate large vehicles or possibly a boat. It is conveniently located close to schools, public boat ramps, shopping and the turnpike.

ABOUT HARBOUR POINTE:

Harbour Pointe is located in gorgeous Palm City. This gated community features modern homes with open floor plans that have many of the amenities that home buyers have sought after with an ideal location that is the envy of many in Martin County! Residents enjoy preserve and lake views in spacious custom-designed homes. Harbour Pointe is close to Palm City Elementary, Hidden Oaks Middle School and Martin County High School, which are among the ‘A-rated schools of Martin County. Close to shopping, restaurants as well as the beaches of Martin County as well as Harbor Pointe’s proximity to i-95 and Florida’s Turnpike makes it a commuters dream!

Search for Harbour Pointe Homes for Sale in Palm City Florida Real Estate
Palm City Florida Real Estate
is presented by:

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Spacious, Newer Harbour Pointe Lakeside Home in Palm City, Florida – Open House

Martin County Florida Condo Market Report for January 2012

Martin County Florida Condo Market Report for January 2012

Commentary:

Much like the residential segment of the Martin County real estate market, the Martin County Florida Condo Market Report for January 2012 retreated for the first month of 2012.  Sales for January were an anemic 37 units, down from January of 2011 (42 units)  and also off from December which had 52 sales.  On a positive note, the median sales price was at it’s highest level in over a year.  Unfortunately, I don’t believe that this represents a rise in prices, but rather the mix of types of units that have sold.  There is still too much inventory in some segments to sustain a continued rise in prices, though we are reaching very near the bottom of the market, if we haven’t already passed it.

The inventory is now down to 664 condos, which is down from 673 last month and from 774 in January of 2011.  A decreased inventory generally will trigger an increase in demand as the supply of existing units just isn’t available increasing the urgency for buyers.

Unfortunately the absorption rate remains troubling on the higher end, with January’s one month value of almost 18 months and the three month moving average is now up to 16.2 months. said another way, it’s averaging well over a year for the average condo to sell in Martin County, Florida.  We need to get 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 January 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.
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Martin County Florida Residential Market Report for January 2012

Martin County Florida Residential Market Report for January 2012

Commentary:

The Martin County Florida residential market report for January 2012 starts the year on a slow note. Sales volume (98 units) was up as compared to last year (85) but considerably down from December (160). The one-month absorption rate shot up to14.5 months while the three-month moving average is at a more respectable 10.7 months.  Activity does appear to be high though and I expect that the January numbers reflect slow closings from the slow holiday season (as closings tend to lag from one to three months after the contracts are agreed upon.

The average sales price was up slightly from last year, while the median price was down.   Prices seem to be holding pretty steady at this time in most segments of the market and quality homes that are priced well are selling quickly.  The inventory remained stable (up only by two homes).

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.

Data compiled from the Realtor Association of Martin County

Residential Market Report for January 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 – Residential, January 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, January 2012

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for January 2012

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

There are currently 359 active listings. ( An increase of 29 homes from December)

78 Residential sales are pending and awaiting close or lender approval (An increase of 20 homes from December)

22 Homes Sold in January (A decrease of 6 homes from last month)

The Hobe Sound real estate market (ZIP Code 33455) had a fairly dramatic rise in inventory for January.  The good news is that activity was up as pending sales also rose significantly.  There was a fairly small drop in closed sales.
Compared to last January, we had 388 active listings, 57 pending sales, and 18 closed sales.  Fairly close to last year’s figures, but all this with less inventory.

Provided we don’t see a drastic increase in distressed properties (short sales and bank-owned foreclosures), we should be in line for a good performance from the Hobe Sound real estate market in 2012.

Search here for Hobe Sound Florida Real Estate for Sale
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Stuart Florida Real Estate presented by:
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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, January 2012

Ocean House Condo in Indian River Plantation – Now Available

 Ocean House Condo in Indian River Plantation – Now Available

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:
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Ocean House Condo in Indian River Plantation – Now Available

Fairwinds Cove Condos in Jensen Beach Florida

Fairwinds Cove Condos in Jensen Beach Florida

Located in beautiful Jensen Beach, Florida on the East side of the Jensen Beach Causeway is Fairwinds Cove.  A waterfront condo complex of 10 four-story buildings with only 4 suites per floor.  Many of these condos with wonderful sweeping views of the Indian River (the Intracoastal Waterway that runs through Martin County).

This condo complex built in multiple phases from 1974 to 1983 boasts two swimming pools, tennis courts, shuffleboard, waterside walking paths, a recently refurbished clubhouse with a full kitchen, meeting room, fitness room, billiards, and more.  Fairwinds Cove also has deeded docks with great access to fishing, and water sports, and only a few minutes to the crystal clear waters of the Atlantic Ocean.

Fairwinds Cove is a non-age-restricted community that allows one small pet.  There is a strong sense of community with many long-time seasonal and full-time residents.  Located within an easy walk to the beach and just a short drive to charming downtown Jensen Beach and the many amenities offered in Martin County, Florida.

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Fairwinds Cove Condos in Jensen Beach Florida

Stuart Florida Market Report ZIP Code 34994 – Residential, January 2012

Stuart Florida Market Report ZIP Code 34994 – Residential, January 2012

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for January 2012

For January 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 83 active listings (Down 4 from December).

38 Residential sales are pending and awaiting close or lender approval (Up 7 from December).

6 Homes Sold in January (Down 1 homes from December)

The 34994 ZIP code area of Stuart did a bit better than last month though 1 less home actually closed (sold) as opposed to December.  The good news is that the inventory went back down a little and pending home sales are up, indicating more activity and sales for the near future.  Comparing the activity to January of 2011 when there were 111 active listings with 42 pending sales and 6 closed sales, we’re still not seeing as robust activity as we would like.  These numbers are very similar to last year although we do have reduced inventory.

With the lower number of homes on the market this year, it will be interesting to see what happens as we continue in the height of the season these months.

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Stuart Florida Real Estate presented by:
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Stuart Florida Market Report ZIP Code 34994 – Residential, January 2012

Pipers Landing in Palm City Florida

Pipers Landing in Palm City Florida

A true world-class golfing community in Palm City with just 302 homes on 600 acres of pristine Florida natural preserve and lushly landscaped grounds.  This is a waterfront community with deep water ocean access dockage that can accommodate yachts up to 75′.

This is an equity golf course community (membership is mandatory).  Championship Joe lee designed course (6,832 yards) offering five different levels of play for all abilities.  Homes include spacious condos to spacious waterfront estate homes.  All this is in beautiful Martin County, Florida, which boasts an abundance of beautiful waterways and quaint historic areas to experience and enjoy.

Search for Pipers Landing Homes and Condos in Palm City Florida

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Palm City Real Estate is presented by:
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Pipers Landing in Palm City Florida

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, December 2011

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, December 2011

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for December 2011

For December 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 330 active listings. ( An increase of 14 homes from November)

58 Residential sales are pending and awaiting close or lender approval (A decrease of 13 homes from November)

28 Homes Sold in December (An increase of 13 homes from last month)

 Along with most of Martin County, the Hobe Sound real estate market (ZIP Code 33455) had increasing inventory and decreasing pending sales from last month. Closed sales were the bright note, as 28 homes were sold in December, an increase of 13 homes from November.

Compared to last December, we had 374 active listings, 47 pending sales, and 28 closed sales.  Closed sales were equal to last year, with about 10% less active inventory and pending sales were lower as well.

Provided we don’t see a drastic increase in distressed properties (short sales and bank-owned foreclosures), we should be in line for a good performance from the Hobe Sound real estate market in 2012.

Search here for Hobe Sound Florida Real Estate for Sale

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

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, December 2011

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

Martin County Florida Condo Market Report for December 2011

Martin County Florida Condo Market Report for December 2011

Commentary:

After a small retreat in November, the Martin County Florida condo market report for December 2011 posted some solid numbers.  Sales for December were up to 52 units, down from December of 2010 of 54 units but better than November’s anemic 35.  Both median and average sales prices were up, but this is not an indication of rising prices, unfortunately, but rather the mix of condos that sold in December.  Currently, some of the more moderate-priced condos are selling, which is driving these averages up.

The inventory is now down to 673 condos, which is down from 676 last month and from 780 in December of 2010.  A decreased inventory generally will trigger an increase in demand as the supply of existing units just isn’t available increasing the urgency for buyers.

Unfortunately, the absorption rate remains troubling on the higher end, with December’s one-month value of 13 months and the three-month moving average of 14.3 months.  We need to get 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 too 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.

Condo Market Report for December 2011 in Martin County, Florida

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 December 2011

Martin County Florida Residential Market Report for December 2011

Commentary:

The Martin County Florida residential market report for December 2011 ends the year on a very positive note.  Sales volume (160 units) was up as compared to both last year (148) and last month (135).  The one-month absorption rate is down to just under 9 months.  This is the best value for a December time period since the current housing difficulties started.

The average sales price was down slightly from last year, while the median is up by a little.  Basically, for the market as a whole, it appears that prices have stabilized. Listing prices for December were up (both average and median) as sellers felt that the market has strengthened and are trying to get the best possible value for their homes.  It remains to be seen if they will be successful.   This was another month of increasing inventory as we are up to 1426 homes available compared to 1364 in November, but still better than the 1800 home inventory we had in December of 2010, and considerably down from the peak of 2980 homes in March of 2007.

Our outlook for Martin County remains cautiously 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 December 2011 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!

Oceanfront Condo on Hutchinson Island in Stuart, Florida – Open House

Oceanfront Condo on Hutchinson Island in Stuart, Florida – Open House

Please join us on January 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

Suntide Condominium

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 professional fitness center. Under building secured parking. This well-appointed condo is ready for immediate occupancy.

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

Oceanfront Condo on Hutchinson Island in Stuart, Florida – Open House

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

Spacious Palm City Waterfront Home – Open House

Spacious Palm City Waterfront Home – Open House

Join your host Stephanie Gray on Sunday, January 22 from 1 to 4 p.m. to view this secluded spacious Palm City Waterfront Home

5 BR, 3 BA, Pool Home with 4 Car Garage and Ocean Access Dock and LiftOnly $550,000

Wonderful opportunity for a family in need of 5 BR’s or for those who have all of their relatives visit them in Palm City, Florida so they can go swimming and boating all winter while others are busy shoveling snow up north!

This spacious Palm City waterfront home rests on nearly an acre of lushly landscaped natural beauty! Tucked away for maximum privacy, this screened pool home overlooks private serene canals with ocean access along with serene preserve views. The inviting living area boasts an open floor plan with vaulted ceilings, and a gourmet kitchen complete with 42-inch oak cabinets, SS appliances, and granite countertops. A true 5BR plus den with a large master retreat that has an additional bonus room ideal for a nursery, gym, or office. Bonus features of this home are impact glass windows, ample closets and storage, 2 zone AC, a high-efficiency Tanin water filter system, a double-sided wood-burning fireplace and a 4 car tandem detached garage. All in an ‘A’ rated school district in Martin County, Florida.

Search for Palm City Waterfront Homes

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Palm City Real Estate is presented by:

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Price Reduced on Spacious Palm City Waterfront Home

Stuart Florida Market Report ZIP Code 34994 – Residential, December 2011

Stuart Florida Market Report ZIP Code 34994 – Residential, December 2011

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for December 2011

For December 2011 in the 34994 Zip Code area of Stuart, Florida :

There are currently 87 active listings (Up 8 from November).

31 Residential sales are pending and awaiting close or lender approval (Down 1 from November).

7 Homes Sold in December (Down 4 homes from November)

The 34994 ZIP code area of Stuart had a fairly slow month of December. With inventory up by8 homes, pending sales were off by only 1 and closed sales were off by 4 homes. Comparing the activity to December of 2010 when there were 114 active listings with 37 pending sales and 14 closed sales. A significantly lower number of sales were completed this year compared to last year with less available inventory.

With the lower number of homes on the market this year, it will be interesting to see what happens as we get into the height of the season in the next few months.

Search here for Stuart Florida Real Estate 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 by:
the Gabe Sanders real estate team

Stuart Florida Market Report ZIP Code 34994 – Residential, December 2011

Snug Harbor Home in Stuart – SOLD!

Snug Harbor Home in Stuart – SOLD!

There’s a new lucky owner of this Snug Harbor pool home in Stuart, one of Martin County’s premier neighborhoods.

Boating or tennis anyone?  Then this custom home in the exclusive waterfront enclave of Snug Harbor Yacht Club is for you.  Amenities include a deep water marina with boat slips, tennis courts, clubhouse, and a boat ramp only minutes from the ocean. 18′ ceilings with American Cypress grace a formal living room with floor-to-ceiling wood and a brick fireplace.  The open floor plan comes with French doors and arched windows throughout, with a light airy ambiance.  Tropically landscaped pool and patio off the kitchen and a great room with an enclosed sunroom.  Recently remodeled chef’s kitchen with granite, stainless, Thermidor gas cooktop and double ovens, Kitchen Aid fridge, and custom maple cabinets. Two bedrooms and two baths with an office or possible 4th BR with 1/2 bath on 1’st floor.  Escape to the master “Sanctuary” encompassing the 2’nd floor with a remodeled bath that includes a hydro tub & sep shower, walk-in closets and your own private sundeck.

One of the premier neighborhoods in Stuart FL, 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.

In 1975 the deeds were distributed and/or sold to the then owners and a condominium form of ownership was established.  With both waterfront and non-waterfront homes and estates and 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 clubhouse, deep water marina and tennis courts. 

Search for all Snug Harbor Homes for Sale

For more information, visit our website or call us at (772) 888-2885.
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Stuart Florida Real Estate presented by:

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Snug Harbor Home in Stuart – SOLD!

Castle Hill Home in Sewalls Point – SOLD!

Castle Hill Home in Sewalls Point – SOLD!

There’s a new lucky owner of this Castle Hill pool home in Sewalls Point, one of Martin County’s premier neighborhoods.

Beautiful 2-story CBS home in desirable Castle Hill on Sewall’s Point.  5 possible 6 bedrooms, 3 full baths, 2.5 car garage.  Master bedroom suite on the first floor.  Stunning travertine patio and very private pool.  The backyard is completely fenced-in and in a totally private setting.  Kitchen with center island and gas stove.  Formal living with 2 story vaulted ceiling and cozy gas fireplace.  Terrific floor plan.  Master suite + guest bedroom suite on the first floor.  The second floor has two bedrooms, a full bathroom + a loft/game room that could be converted into a 6th bedroom if necessary.  City water and sewer.  Located in the desirable Jensen Beach High School district, this one will not last long.

Castle Hill is a neighborhood known for its reputation of being high class and gorgeous in the community of Sewalls Point in Stuart. Only minutes from the Jensen Beach and Stuart Causeways, Castle Hill has a wide variety of gorgeous beaches to relax on, entertainment and restaurants to choose from. Residents can enjoy low HOA fees and quiet family-oriented neighborhoods. There are many waterfront homes as well as homes situated on large areas of land. The homes in Castle Hill are pretty much described by the name Castle Hill; they are large-scale and stately!

Search for all Castle Hill Homes for Sale

For more information, visit our website or call us at (772) 888-2885.
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Sewalls Point Florida Real Estate presented by:

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Castle Hill Home in Sewalls Point – SOLD!

The Archipelago in Sewalls Point, Florida

The Archipelago in Sewalls Point, Florida

Located in the prestigious town of Sewalls Point, Florida the Archipelago is a nongated neighborhood of all waterfront homes with access to the crystal clear waters of the Atlantic Ocean through the Saint Lucie Inlet in Martin County, Florida.  All the homes in the Archipelago are on either the wide waters of the Indian River or located on deep water canals.  The Saint Lucie Inlet to the Atlantic is less than two miles away by water.  Access is maintained by dredging all Archipelago waterways to 6’.  Homes range from modest older frame homes to spectacular estate lots with magnificent views.

The link below will take you to all currently available Archipelago homes in Sewalls Point, Florida

Search for Archipelago Homes for Sale

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

Sewalls Point  Real Estate is presented by:

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The Archipelago in Sewalls Point, Florida

Martin County Florida Condo Market Report for November 2011

Martin County Florida Condo Market Report for November 2011

The Martin County Florida condo market report for November 2011 retreated from the good numbers posted last month.  Sales were down to 35 units (vs. last month’s 53 and for November of 2010 they were 45 condos).  The median sales price was off more than 20% from the same period last year while the listing prices remained stable.  The height of the condo season will be coming shortly and we expect some positive numbers for volume, but we just don’t see any increase in price on the horizon at this point.

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 too 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.

Condo Market Report for November 2011 in Martin County, Florida

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!