Residential Market Report for February 2011 in Martin County, Florida

03.21.11 by

Residential Market Report for February 2011 in Martin County, Florida

For February 2011, Martin County residential sales rebounded from the poor January results and have come in at fairly good numbers compared to the past few years.  Inventory remains high but also continues to decrease.  We are seeing a significant number of homes on the market that are basically not a viable sale at their current price and condition, so the real inventory is probably a bit less than the total number on the chart.  Average sales prices decreased for February, however, the median price was up, so in effect, we feel prices by and large have either stabilized or are decreasing at very low rates in most segments of the market, with some notable exceptions.  These exceptions are the very upper end of the price range as well as continued pressure on newer communities built during the boom times.  The absorption rate remains troublesomely high at over 15 months.

Residential Market Report for February 2010 in Martin County, Florida

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!

Condominium Market Report for February 2011 in Martin County, Florida

03.20.11 by

Condominium Market Report for February 2011 in Martin County, Florida

Condo sales for February improved from January and matched the good numbers we had in December.  Median prices declined a bit but show some signs that price declines have moderated considerably.  Inventory is basically unchanged from last month, which remains at a low point for the past few years.  The 3 month absorption rate remains high at 15.5 months.  Most experts feel a balanced market is reflected by a 6 month absorption rate, so we still have a long way to go.

Condominium Market Report for February 2011 in Martin County, Florida

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

Residential Homes, Condos and Land

Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Residential Market Report for January 2011 in Martin County, Florida

02.25.11 by

Residential Market Report for January 2011 in Martin County, Florida

Unlike the very strong December sales of single-family homes and townhomes in December 2010, January 2011 came in with a whimper.  Sales were down to 85 units as opposed to 148 in December.  Even prices sent mixed signals as the median price was down and the average price was up.  About the only good news was a continued small decrease in inventory.  Now down to 1787 units. Just above the low point in May of 2010 and Matching the Dec 2005 level.  The brutal winter up north might just bring more buyers for the remainder of this season.  Come back in the next few months to see the results.

Residential Market Report for December 2010 in Martin County, Florida

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

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

Condominium Market Report for January 2011 in Martin County, Florida

02.25.11 by

Condominium Market Report for January 2011 in Martin County, Florida

Condo sales for January were off slightly from December but remained fairly strong by seasonal measurements.  All indications are for a fairly active spring as prices remain low, interest rates are still very attractive and sure seem to be heading higher fairly soon.  Additionally, a very miserable winter up north has renewed interest in the Sunshine State.  A higher price point of condo sales in January saw a marked jump in median prices.  It would be nice to see if this trend were to continue, but we remain a bit dubious about this.  Inventory levels are down to 774 units.  This is the lowest since December of 2005.  As the supply shrinks, demand should increase.

Condominium Market Report for January 2011 in Martin County, Florida

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

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

Residential Market Report for December 2010 in Martin County, Florida

01.21.11 by

Residential Market Report for December 2010 in Martin County, Florida

Much like the condominium market, the residential sales in December for Martin County were above expectations for the holiday season.  Unlike the condominium market, sales of existing homes were also in the higher price ranges showing an improving market trend which is unusual for the holiday season.  With historically low-interest rates (which is not supposed to last) and some excellent prices, it appears that buyers are once again starting to become a bit more active on the Treasure Coast of Florida in Martin County.

Data compiled from the Realtor Association of Martin County

Residential Market Report for December 2010 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!

Condominium Market Report for December 2010 in Martin County, Florida

01.20.11 by

Condominium Market Report for December 2010 in Martin County, Florida

For the first time in many years, condo sales have remained quite strong through the holiday season. All very positive news as for sales volume.  Unfortunately, median prices took a large hit this past month.  This is due mostly because the condos that sold are the more modestly priced ones available on the market as seasonal visitors appear to be interested in finding the excellent bargains available in this market.

Condominium Market Report for December 2010 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!

Condominium Market Report for November 2010 in Martin County, Florida

12.23.10 by

Condominium Market Report for November 2010 in Martin County, Florida

There was quite an unexpected increase in sales volume for November in the Martin County condo market.  Sales, as well as median and average prices, were up. This is a definite positive trend.  Hopefully, this trend will continue into 2011.  Inventory was up slightly, there is quite a bit of inventory that might become available if the positive results continue.

Condominium Market Report for November 2010 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!

Residential Market Report for November 2010 in Martin County, Florida

12.22.10 by

Residential Market Report for November 2010 in Martin County, Florida.

The residential sales report for November showed an increase in the weakness of the real estate market.  Much of this is seasonal, as can be compared to past years’ fluctuations.  Average sales prices have continued their slide, but much of this is due to lower-priced inventory (smaller and older homes) sales and distressed property sales.

Interest rates have started to increase and this may result in at least a short-term increase in home sales, but more negative pressure on prices.

Data compiled from the Realtor Association of Martin County

Residential Market Report for November 2010 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!

Residential Market Report for October 2010 in Martin County, Florida

11.22.10 by

Residential Market Report for October 2010 in Martin County, Florida

The Martin County Residential Market Reports sales data of single-family homes and townhomes as reported by the Realtor Association of Martin County.

Sales of residential units in Martin County remained basically unchanged from last month in volume while down from October of 2009 from 133 units to 114 units for this October.  The homeowners’ tax credit was in force and this certainly had an effect on the higher sales volume of last year..

Average sales prices took another dip this month while listing prices have risen slightly.  Inventory has basically remained unchanged from last year and with sales down the absorption rate is once again high ( almost 16 months) and at very unattractive levels. Barring any unforeseen external economic events, we are expecting a modest increase in sales volume after the holidays as the current buying environment is very positive with some of the best values available.  If there’s any hint of inflation and the corresponding increase in mortgage interest rates we expect a fairly strong increase in activity, unfortunately for sellers with no corresponding increase in prices.

Data compiled from the Realtor Association of Martin County

Residential Market Report for October 2010 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!

Condominium Market Report for October 2010 in Martin County, Florida

11.21.10 by

Condominium Market Report for October 2010 in Martin County, Florida

The October Condo market declined to 30 unit sales, down significantly from 57 units in October 2009 and 48 in September 2010.  Some of this decline can be attributed to normal seasonal fluctuations as demand for second homes (condos) declines as we approach the holiday season.
On a positive note, the median price has increased reflected in sales of some higher-priced units.  It would be a mistaken assumption to think that individual unit values have started to increase.


Data compiled from the Realtor Association of Martin County

Condominium Market Report for October 2010 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!

Stuart Air Show coming to Witham Field in Martin County, November 13 – 14, 2010

11.03.10 by

The annual Stuart Air Show is coming to Witham Field in Stuart Florida November 13 & 14 with a new primary sponsor, the Road to Victory Museum.  For the past 10 years, the Visiting Nurse Association has been the sponsor, but in 2010, they relinquished this role and handed over the reins to the Road to Victory Museum.

One of the major attractions of the fall season in Stuart this year’s Stuart Air Show promises to be an exciting fun-filled event for all ages.  As of this writing, the scheduled participants include:

Static displays:

A-10 the “Warthog”
The A-10 is known as a tank killer. Its job is close air support, to provide cover for troops on the ground by destroying tanks and other armored vehicles.

The Apache AH-64
The primary attack helicopter for the US Army. This is a heavily armed helicopter with rockets and a big 30mm M230 chain gun.

C-17 Globemaster III
A huge cargo plane used to quickly take troops and their gear anywhere in the world.

C-130 Hercules
One of the biggest ever, the C130 can carry troops and tanks and can take off and land on short unpaved runways.

WC-130 Hurricane Hunter
The WC-130 is a C-130 transport configured with palletized weather instrumentation for penetration of tropical disturbances and storms, hurricanes and winter storms to obtain data on movement, size and intensity.

MH-53 Helicopter
The MH-53 is a huge Helicopter that operates from carriers and other warships and is capable of towing a variety of mine hunting/sweeping countermeasures systems.

 

Military Demonstrations:

F-5 “Tiger” from Naval Air Station Key West will be performing fly-by’s at this year’s air show on Saturday and Sunday. This aircraft will be coming to us from VFC-111, the “Sundowners” squadron. The airplanes will be staged/flown out of Pratt/Sikorsky since our runway is too short for them to land on.

US Army Special Ops “Black Daggers” Parachute Team

The Black Daggers are the official U.S. Army Special Operations Command Parachute Demonstration Team. Their mission is to perform live aerial demonstrations in support of Army Special Operations community relations and recruiting. Comprised of volunteers from throughout Army Special Operations the Black Daggers have diverse

backgrounds and are skilled in various military specialties including Special Forces, Rangers, civil affairs, psychological operations and signal and support. The team represents the professionalism and dedication of special operations forces.

USAF Heritage Flight
The Air Force Heritage Flight program was established in 1997 in support of the Air Force’s 50th anniversary. It involves today’s state-of-the-art fighters flying in close formation with a World War II Fighter. Today’s Heritage Flight features the F-16 Falcon and the P-51 Mustang flown by Lee Lauderback

USN Legacy Flight


F4U Corsair from the Collings Foundation piloted by Dan McCue in formation with the US Navy F-18 Hornet.

USAF F-16 (Viper East) Demo Team (Solo & P-51 Heritage)

Team Chaos   

T-34 Mentor Retro Flight Team


Goodyear Blimp “Spirit of Innovation”
Sunday appearance only!

 

Kids Entertainment:
For the kids there is the kids zone with:

  • Rides
  • A climbing wall
  • Treasure Hunt
  • Miniature Golf
  • Pony Rides
  • An exhibit by NASA
  • More Air Show Acts

Pre-sale tickets are $12.00 ($20.00 on the day of the event)  Multi-day and special tickets are available, information is located on the Stuart Air Show site.

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

Condominium Market Report for September 2010 in Martin County, Florida

10.27.10 by

Condominium Market Report for September 2010 in Martin County, Florida

The September Condo market showed some fairly good numbers in terms of volume of sales.  Up from the last year as well as the previous month.  Inventory has declined some more and the trend appears to be fairly positive.  Unfortunately, the median sales price is continuing a downward trend.  Much of this downward trend reflects that sales of lower-priced non-waterfront condos are currently the predominant market share.  The volume of riverfront and oceanfront condos has picked up slightly but remains very sluggish.
For the higher-priced segment of the market, foreclosures and short sales, while not the greatest number of listings, continue to drag prices down overall!

Data compiled from the Realtor Association of Martin County

Condominium Market Report for September 2010 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 about Florida’s Treasure Coast Real Estate, visit our website or call us at (772) 888-2885.
Our market reports are here!

Residential Market Report for September 2010 in Martin County, Florida

10.26.10 by

Residential Market Report for September 2010 in Martin County, Florida

The Martin County Residential Market Reports sales data of single family homes and townhomes as reported by the Realtor Association of Martin County.

Sales of residential units in Martin County were sluggish for September with a small decrease in volume from August and a little larger decrease from last year.  Inventory which has risen for the past three months showed a small decline.

On a positive note, the average sales price has risen.  In a careful analysis of sales this rise is from the increased number of sales of higher end homes rather than increases in values of existing homes.  For the middle to lower end of our market, prices have stabilized for those homes that have been updated and presented well.

Data compiled from the Realtor Association of Martin County

Residential Market Report for September 2010 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 about Florida’s Treasure Coast Real Estate, visit our website or call us at (772) 888-2885.
Our market reports are here!

Residential Market Report for August 2010 in Martin County, Florida

09.24.10 by

Residential Market Report for August 2010 in Martin County, Florida

The Martin County Residential Market Reports sales data of single-family homes and townhomes as reported by the Realtor Association of Martin County.

Sales for single-family units in Martin County for August were down to 117 units as compared to July’s disappointing 145 units and last August’s 156 units.  It appears that we are seeing some reduced demand as a result of the end of the federal home buyer’s tax credit, a weak economy that has many would-be buyers (especially of second homes) nervous and waiting on the sidelines and also normal seasonal reduced activity.

After a fairly strong spring with stabilizing prices, it appears that both median and average prices took a slide in August reflecting the weaker demand and continued oversupply of available homes.  Unlike the Condo segment of the market, single-family home inventory has risen now for the fourth month in a row as those that were trying to time this market reacted to the strong spring sales, but as with most that try to time the market, have reacted a bit to slow and late.  Interest rates have also made some small increases of late that could further negatively affect the market.

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

Residential Market Report for August 2010 in Martin County, Florida

 

Condominium Market Report for August 2010 in Martin County, Florida

09.23.10 by

Condominium Market Report for August 2010 in Martin County, Florida

The August Condo market report shows some mixed indicators.  Sales year to year are up slightly (by 5 units).  Down from July, which is a typical seasonal result.  Prices continue to slide although the median sales price was up for August reflecting on the mix of some higher-priced units selling.  The best news is that the inventory has continued to shrink and is now equal to the inventory we had back in December of 2005 which was near the beginning of the current slump in the market.

Unfortunately, I think there’s a fairly high shadow inventory of condos with the owners waiting to see what the market does.  Should there be any sign of an upturn, these units will enter the market creating more supply which will negatively impact prices further.  The best opportunity for this segment of the market is a rebound in the economy which for the moment doesn’t seem to be near at hand.

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

Condominium Market Report for August 2010 in Martin County, Florida

Cobblestone Country Club Homes for Sale in Palm City, Florida – SOLD

08.19.10 by
Cobblestone Country Club Homes for Sale in Palm City, Florida – SOLD
Gourmet Kitchen w/cherry cabinetry, double ovens, center island, granite counters, GE Profile Stainless appliance package, drop lighting, tiled living areas, decorative architectural columns in foyer & dining room, soaring ceilings, spacious master suite with luxurious master bath and large walk-in closets.  This home sits on a private 1/2 acre lot and offers a preserve and golf view.  Other features include 2 zone A/C, 3 car garage, s-tile roof, brick paver drive, zoned automatic sprinkler system, 8 foot raised panel interior doors, security system, cat-5 wiring, and wiring in place for surround sound in the family room and patio areas.  Cobblestone is a gated community of large upscale homes with a guardhouse, roving security, and low Homeowners fees in a private country club setting.  Home of the members-only Fox Club, championship golf course.
Cobblestone Country Club Homes for Sale in Palm City, Florida – SOLD

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:

Search the MLS for Free

Now you can access the MLS using similar tools as Realtors. You are in control of what you want to search for, and you can search the MLS at your leisure. The information you submit in the form below can also be used to put you on an automated system where you’ll be emailed all homes that meet your search criteria. You’ll get internet access to a website that includes pictures, prices, and addresses to real estate that’s listed in the MLS!

Stuart Florida Real Estate

Central Stuart, Florida – The City of Stuart

08.14.10 by
Central Stuart, Florida – The City of Stuart


Stuart is the only true city in Martin County.  It is the home of the City and the County Government of Martin County.  In 2007, the census bureau recorded a population of 15,964 for the City of Stuart.

The City of Stuart totals 8.5 square miles of which 2.2 square miles are mainly navigable waterways.  The average rainfall is 58 inches per year yet there is also an average of 236 sunny days.  The average high temperature in July is 90 degrees while the average low temperature in January is 55 degrees.

The Stuart area was first inhabited by sailors that wrecked during hurricanes in the early 1700’s. Through the years Stuart has grown and was a center for citrus and pineapple plantations.  Because of the abundance of easily accessible waterways the population soon grew and residential areas are now abundant.  Stuart was a part of palm Beach County until 1925 (formerly called Potsdam) at which time the city was incorporated and Martin County was formed.

Now known as the Sailfish Capitol of the World, Stuart is the home of many marinas, golf courses and a wonderfully quaint downtown area.  A wonderful place to call home.  Visitors are also always welcome.

For more information, visit our website or call us at (772) 888-2885.

Central Stuart, Florida – The City of Stuart

The Yacht and Country Club of Stuart, Florida

08.14.10 by
The Yacht and Country Club of Stuart, Florida
 

One of the first gated golf communities in Martin County, the Yacht and Country Club remains among the preeminent communities on Florida’s Treasure Coast for both golf and yachting enthusiasts.  This fine gate guarded community boasts waterfront 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 ‘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. A driving range and putting greens are also provided at this club.

The clubhouse at the Yacht and Country Club of Stuart offers a professionally appointed fitness center with a resident massage therapist.  Tennis is provided by ix lighted Har-Tru tennis courts and also residents are provided with two lighted croquet lawns.

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.

Truly a wonderful place to call home.

Search here for available homes in the Yacht and Country Club of Stuart, Florida

For more information, visit our website or call us at (772) 888-2885.

Martins Crossing in Stuart, Florida

08.14.10 by

Martins Crossing in Stuart, Florida

Located in the intimate, yet vibrant, city of Stuart near a variety of fine restaurants, cultural outlets and shopping.  Martins Crossing boasts a stunning variety of single family homes and a section of private town homes.  Community amenities include lush landscaping and wetland views,  Martin’s Crossing Clubhouse with a sparkling resort style pool, oversized pool deck, tennis courts and a playful tot lot.

Search the MLS for available Martins Crossing Homes and Town Homes

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:

Search the MLS for Free

Now you can access the MLS using similar tools as Realtors. You are in control of what you want to search for, and you can search the MLS at your leisure. The information you submit in the form below can also be used to put you on an automated system where you’ll be emailed all homes that meet your search criteria. You’ll get internet access to a website that includes pictures, prices, and addresses to real estate that’s listed in the MLS!

For Martin County

Call 772-323-6996 for information

Palm City Florida Waterfront Homes

08.14.10 by

Palm City Florida Waterfront Homes

Palm City is part of unincorporated Martin County, Florida.  It was first developed by Charles C. Chillingworth and his Palm Beach County Land Company (at that time it was part of Palm Beach County).  Chillingworth advertised all over America, Canada, and Europe for inexpensive acreage for farmers in the tropical climate as the perfect place to grow pineapples, oranges, and grapefruit.  One of these ads offered a “Free dinner on New Year’s Day for prospective buyers. A 10-acre tract for $50 per acre (to be raised to $60 the next day) with a free town lot in Palm City to every purchaser and 85¢ for a round trip train ticket from West Palm Beach to Stuart.”


Today, Palm City has changed considerably with one of the highest rated school systems in the entire state of Florida.  Numerous new communities abound in Palm City including champion 18 and 36 hole golf course communities, and waterfront communities with easy access to the blue waters of the Atlantic Ocean.  The West Palm Beach International Airport is an easy 45-minute drive away, and two hours takes you to Disney World and Universal Studios. Palm City offers a pristine environment where you can escape the crowds and enjoy the conveniences of home in a small-town atmosphere with first-rate amenities.

Palm City’s waterfront is on both the north and south forks of the Saint Lucie River.  The north fork continues and winds its way through Port Saint Lucie and up through Saint Lucie County to White City in Fort Pierce.  The south fork turns into the Saint Lucie Waterway and then the Okeechobee Waterway with access to Lake Okeechobee and on to the west coast of Florida by Fort Myers and the Gulf of Mexico.

If you have an interest in Palm City Waterfront Homes, here are the currently available Palm City Waterfront homes for sale


Palm City Florida Waterfront Homes

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 or Treasure Coast FL Homes

Search the MLS for Free

Now you can access the MLS using similar tools as Realtors. You are in control of what you want to search for, and you can search the MLS at your leisure. The information you submit in the form below can also be used to put you on an automated system where you’ll be emailed all homes that meet your search criteria. You’ll get internet access to a website that includes pictures, prices, and addresses to real estate that’s listed in the MLS!

For Martin County
(Stuart, Palm City, Jensen Beach, Hobe Sound, Hutchinson Island)

Use this Free MLS Search:
Call 772-323-6996  for information