The Stuart Air Show

11.15.11 by

The Stuart Air Show

An annual highlight for Stuart residents in Martin County is the fun and also educational experience that comes from the Stuart Air Show.  Anyone who was in or near town this past weekend heard evidence of the air show’s arrival simply by the sound of all the planes (new and old) that flew over Stuart this past weekend from November 11-13.

But the air show had more to offer than just daredevil pilots and their amazing planes and stunts.  This annual event brings in a diverse number of people to enjoy the show and its fun-filled activities, good food as well as static displays.  For the children, there were rides and funhouses that kept them active and happy.  Along with rides, the air show had a live concert, displays of historical aircraft, community exhibits, and for the first time ever a real reenactment of a WWII battle scene complete with historical planes and troops!
Residents and visitors lined up to see the amazing stunts delivered by these pilots with proceeds benefiting the Road To Victory Military Museum and other local organizations. Yet while most people attended the Stuart Air show to experience the whole experience, many choose to camp out on the outskirts.
Crowding the bridges, parks and even the Saint Lucie River on their boats, many families watch the skies as the planes twist and twirl through the air making it an event that is bigger than just those attending at Witham Field.  A wonderful yearly experience, the Stuart Air show is a big hit for Martin County natives and tourists alike while helping many deserving charities as well.

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Price Slashed on Jensen Beach Country Club Pool Home

11.09.11 by

Price Slashed on Jensen Beach Country Club Pool Home

Fabulous opportunity to own an affordable Jensen Beach Country Club home for sale (Eagle Marsh Golf Course) in one of Martin County’s premier neighborhoods at a very affordable price. Now reduced to $229,000

A very special and inviting Jensen Beach Country Club home for sale awaits the right buyer wishing a carefree lifestyle in this upscale, yet affordable non-mandatory golf club community. With one of the best locations in Martin County real estate, this guard gated community is just minutes away from the beaches, marinas and waterways of the Treasure Coast of Florida as well as wonderful shopping at the Treasure Coast Mall and adjacent retail and restaurant facilities. This 2000-built Concrete Block home features a bright open plan with 3 BR, 2 BA and a 2 Car Garage. Very private screened pool and lanai that overlook a lovely backyard on a nature preserve. Spacious master suite with tray ceilings and many extras. Eat-in kitchen with breakfast bar and additional dining nook overlooking the pool and lanai. The Eagle Marsh golf course offers many cost-efficient membership options as well as non-member course options as well.

The Jensen Beach Country Club and it’s associated golf course, Eagle Marsh is located in Martin County north of West Palm Beach between Jupiter and Port St. Lucie along Highway 1 near St Lucie Inlet and the Atlantic seacoast. It is just minutes from both the Florida Turnpike and I-95. This once quiet Oceanside town is fast becoming the area’s center for arts, entertainment and recreation with a wide variety of restaurants and shopping to choose from.

Jensen Beach Country Club is truly an oasis nestled in the heart of Jensen Beach with over half of its total acreage dedicated to nature preserves and a championship Tommy Fazio golf course. The community has two clubhouses one featuring a Golf Pro Shop and restaurant with the second showcasing a community swimming pool, tennis courts and facilities for dancing and private parties.

Eagle Marsh is proud to be part of the community and is proud of the organizations surrounding the Golf Course as a whole. Our membership is comprised of some of the finest people around and our members have proven to be supportive, enthusiastic and fun.

The members of Eagle Marsh Golf Club have worked hard to establish and organize both the Men’s Golf Association and the Women’s Golf Association, where throughout the year, enjoy many events and outings which are elegant, exciting and sometimes competitive. Eagle Marsh Golf Club is proud to be considered home for the associations and looks forward to what the future holds.

Eagle Marsh Golf Club is an 18-hole regulation-length golf course. This medium-length layout features 5 sets of tee boxes for the enjoyment of golfers of all skill levels.

Jensen Beach Country Club Homes for Sale

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

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Price Slashed on Jensen Beach Country Club Pool Home

Lost Lake in Hobe Sound Florida

11.07.11 by

Lost Lake in Hobe Sound Florida

 18 holes of golf, a great clubhouse, statuesque homes filling the beautifully landscaped streets, and ideal views of open fields and small lakes in a peaceful neighborhood; Lost Lake could be your dream neighborhood in Hobe Sound.

Located just west of US-1 in Martin County, Lost Lake sits in a peaceful area close to shopping in Hobe Sound, Stuart and only a few minutes further to Jupiter.  Lost Lake is located very close to the mariner’s destination known as Peck Lake, great for weekends out on the boat!  Just minutes to the beaches as well.  Lost Lake can be the location for your dream home tomorrow!

Search for Lost Lakes Homes for Sale in Hobe Sound, Florida

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Lost Lake in Hobe Sound Florida

Jensen Beach Pineapple Festival

11.05.11 by

Jensen Beach Pineapple Festival

Easily the annual highlight in Jensen Beach, The Jensen Beach Pineapple Festival, taking place in Downtown Jensen Beach this weekend (Friday the 4th to Sunday the 6th of November), has come again bringing with it fun, games, and music. Like any fair, the Jensen Beach Pineapple Festival would not be a true fair without the thrilling roller coaster-type rides, ranging from the harmless Monkey in a Barrel to the High Flier (a ride for the more daring) and promising fun for the whole family.

 Jessica Griffith, a student at Jensen Beach High School, jokes that she has been going to the festival for at least half of her life. “Some of my most exciting childhood memories are from the Pineapple Fest, my friends and I go on the ‘big’ rides now” states Griffith laughing.  And while kids may come for the adventure of funhouses and roller rides, there’s plenty to do for the older kids and adults as well.

 The highlight of the evenings is the nightly live performances from critically exclaimed bands like Uncle Kracker, the performer at Friday night’s festival.  Along with Uncle Kracker, other performers included Drake White, The Outlaws, and Ballyhoo.  The large crowds had an amazing time singing along and dancing to the great music.

Great performances, exciting rides and good food guaranteed a good time at this year’s Jensen Beach’s Pineapple Festival. A must event for anyone of any age looking for fun in charming Martin County.    

For more information, visit our website or call us at (772) 888-2885.
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Sailfish Point in Stuart Florida

10.30.11 by

Sailfish Point in Stuart Florida

Sailfish Point is a truly world-class facility for everyone, with special emphasis on golfers and boaters. Almost completely surrounded by tropical waters this wonderful community has earned the reputation of being one of Florida’s most exclusive private residential enclaves in one of the world’s most naturally beautiful settings.

Located directly on the Atlantic Ocean adjacent to the St. Lucie Inlet at the Southern tip of Hutchinson Island makes Sailfish Point a truly unique community. Situated on 532 acres with only 520 homes there’s ample room for privacy and nature’s beauty.   The lucky residents of Sailfish Point can enjoy five miles of pristine Atlantic shoreline, a Jack Nicklaus “Signature” golf course, an elegant full-service beachfront country club with tennis, fitness center and more and a full-service deep water marina with immediate ocean access.

In addition to the private homes, there are a few spectacular waterfront townhomes and a number of spacious ocean and inlet-facing condominiums.

Some Sailfish Point benefits include:

  • 24-hour manned gated entry, security staff is on duty 24/7
  • Jack Nicklaus Signature Golf Course
  • 60,000 square foot oceanfront clubhouse
  • The community pool features swim lanes, a hot tub and a separate splashing area for the kids.
  • The Tennis Center includes eight Har-Tru® courts (five lighted), and two full-time tennis pros as well as a stocked pro shop.
  • The full-service, private Marina and Yacht Club offers 77 deep water slips and can accommodate vessels up to 125 feet long.  This protected marina is only minutes from the Inlet and just a quick day’s sail to the Bahamas.
  • The Fitness Center offers the very latest in cardiovascular and weight-training machines and free weights. Personal trainers are available to provide a complete fitness evaluation and workout regimen and classes in Pilates, yoga, spinning, dance, jazzercise and general fitness are offered.
  • The private, luxurious Sailfish Point spa offers specialty massages, body treatments, facials, manicures, pedicures, makeup, nail services and complete hair care.

Search here for all Sailfish Point Real Estate in Stuart Florida

For more information, visit our website or call us at (772) 888-2885.
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Sailfish Point in Stuart Florida

Hobe Sound Florida Market Report ZIP Code 33455, Residential, September 2011

10.22.11 by

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

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

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

There are currently 348 active listings. ( Up 6 from August)

48 Residential sales are pending and awaiting close or lender approval (Down 6 from August)

21 Homes Sold in September (An decrease of 9 homes from last month)

The Hobe Sound real estate market (ZIP Code 33455) had a disappointing September.  All indexes reversed course and moved in the wrong direction, though not by significant numbers.  Inventory was up, and both pending and closed sales were down.

This increase in inventory may also be attributable to many sellers trying to time the market as well as a reaction from recent relatively good sales for the past spring and summer seasons.  Most efforts to time the market, especially when made in relatively large numbers become self-defeating as in this trying market, this increase in inventory may just drive the market a bit lower.

However, for buyers, especially those who can obtain financing, there hasn’t been a more attractive real estate market in decades.  There are some savvy buyers getting excellent deals for homes at prices equivalent to 10 or 11 years ago.

This will be an interesting season to watch!

Search here for Hobe Sound Florida Real Estate for Sale

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

New Listing – Sailfish Point Home Site with Deep Water Dock

10.22.11 by

New Listing – Sailfish Point Home Site with Deep Water Dock

Build your dream home in the lap of luxury overlooking a championship golf course with your deep water dock only steps away.

Enjoy world-class amenities in prestigious Sailfish Point on the tip of South Hutchinson Island.  Build your dream home on this southeast-exposure golf course lot with serene lake views.  This home site includes an ocean access boat slip that will accommodate a 50′ yacht. Prime location on the third hole of the championship Jack Nicklaus-designed golf course.  Wonderful amenities include a full-service oceanfront country club, fitness center, spa, private beaches, professional golf course, Har-Tru tennis courts and full-service marina in a private guard gated community. Excellent opportunity for those wishing to live in the lap of luxury.

About Sailfish Point:

Sailfish Point is a truly world-class facility for everyone, with special emphasis on golfers and boaters. Almost completely surrounded by tropical waters this wonderful community has earned the reputation of being one of Florida’s most exclusive private residential enclaves in one of the world’s most naturally beautiful settings.

Located directly on the Atlantic Ocean adjacent to the St. Lucie Inlet at the Southern tip of Hutchinson Island makes Sailfish Point a truly unique community. Situated on 532 acres with only 520 homes there’s ample room for privacy and nature’s beauty.   The lucky residents of Sailfish Point can enjoy five miles of pristine Atlantic shoreline, a Jack Nicklaus “Signature” golf course, an elegant full-service beachfront country club with tennis, fitness center and more and a full-service deep water marina with immediate ocean access.

In addition to the private homes, there are a few spectacular waterfront townhomes and a number of spacious ocean and inlet-facing condominiums.

Search here for all Sailfish Point Real Estate in Stuart Florida

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

Sailfish Point Real Estate presented by:

the Gabe Sanders real estate team

New Listing – Sailfish Point Home Site with Deep Water Dock

Martin County Florida Condo Market Report for September 2011

10.19.11 by

Martin County Florida Condo Market Report for September 2011

Commentary:

The Martin County Florida condo market report for September 2011 shows generally negative results from last month as well as last year.  About the only good news was a slightly higher median sales price from September 2010.  Unfortunately, we’ve seen the inventory climb (although by relatively modest numbers).  It’s too early to tell if this is a new trend or just a seasonal fluctuation which often happens as sellers try to take advantage of a more active winter season in Martin County.

With the increased inventory and the reduced sales, our current one-month absorption rate is now over 15 months, swinging back into a pretty strong buyers market.  This will result in more downward pressure on sales prices and I don’t expect any improvement any time in the near future for those wishing to sell their home.

The big uncertainty remains, which 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 September 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.
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Stuart Florida Market Report ZIP Code 34994 – Residential, September 2011

10.18.11 by

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

Stuart Real Estate Snapshot for ZIP Code 3499, Residential Sales for September 2011

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

There are currently 71 active listings (Down 13 from August).

36 Residential sales are pending and awaiting close or lender approval (Up 9 from  August).

7 Homes Sold in September (Up 2 from August)

The 34994 ZIP code area of Stuart is bucking the trend from the rest of Martin County.  While other sections of Stuart showed increasing inventories, decreases in pending sales as well as completed sales, this area of Stuart showed gains across the board. Only one sale was in the medium price range of $400,000’s while the others were under $150,000.  However, some fairly high-priced pending sales awaiting close that we can hopefully report on next month.  The average list-to-sales ratio is a little weak compared to past values at 90% ( or in other words the average sales price is 90% of the listing price). The average days on market also remain a bit high at 217 days.

Search here for Stuart Florida Real Estate for Sale

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

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Martin County Florida Residential Market Report for September 2011

10.18.11 by

Martin County Florida Residential Market Report for September 2011

Commentary:

The Martin County Florida residential market report for September 2011 shows some negative results from last month.  Still slightly higher sales rate from September 2010, and also a bit higher average sales price (though the median sales price was down for September).  Unfortunately for the second month in a row, we’ve seen the inventory climb (although by relatively modest numbers).  It’s too early to tell if this is a new trend or just a seasonal fluctuation which often happens as sellers try to take advantage of a more active winter season in Martin County.

With the increased inventory and the reduced sales, our current one-month absorption rate is just under 12 months, swinging back into a pretty strong buyers market.  This will result in more downward pressure on sales prices and I don’t expect any improvement any time in the near future for those wishing to sell their home.

The big uncertainty remains, which 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.

Residential Market Report for September 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.
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Another Martin Crossing Home in Stuart has SOLD!

10.08.11 by

Another Martin Crossing Home in Stuart has SOLD!

Excellent value for this super nice move-in condition newer 3 Bedroom 2 bathroom and 1 car garage CBS home. Features include granite countertops, stainless steel kitchen appliances, maple wood cabinetry, washer & dryer, tiled main areas, brick paver driveway and barrel tiled roof.

One of the best-condition bank-owned properties available on the market today.

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 townhomes.

Community amenities include lush landscaping and private preserve views,  Martins Crossing Clubhouse with a sparkling resort-style pool, and deck, tennis courts and a playful tot lot.

Homes and townhomes are newer (circa 2004) and offer a wide variety of styles, sizes and options.  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.

Search for Martin Crossing Homes and Town Homes for Sale

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Another Martin Crossing Home in Stuart has SOLD!

Martin County Florida Condo Market Report for August 2011

09.21.11 by

Martin County Florida Condo Market Report for August 2011

We’ve changed the scope of our charts for the Martin County Florida Condo market report from previous months. We are now going back to when we first started to record the data in 2004. This should give a much clearer picture of the trend and state of the market as a whole. You will need to click on each individual chart for an expanded view.

While slightly better sales numbers from last August, Condo sales were a little lower for August, which is to be expected for the summer season for Martin County.  After a large drop in median prices in July, the August median and average recovered a little, but are still significantly off from last year’s averages.   The vast majority of sales for August were lower-priced non-water view condos on the mainland.

The current uncertain economic climate is a very significant factor in keeping the market from making any significant improvement.

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

Condo Market Report for August 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.
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Martin County Florida Residential Market Report

09.20.11 by

Martin County Florida Residential Market Report for August 2011

We’ve changed the scope of our charts for the Martin County Florida Residential market report from previous months. We are now going back to when we first started to record the data in 2004. This should give a much clearer picture of the trend and state of the market as a whole. You will need to click on each individual chart for an expanded view.

Residential sales were fairly steady for August, somewhat of a surprise as we typically see a decrease for the summer season for Martin County.  Sales were up from last year and both median and average sales prices were higher.  This is not yet an indication of rising values, but rather sales of higher values homes were reflected in the averages.  Inventory made its first increase in a number of years which is not a good sign should this trend continue.  An increase in supply (without a corresponding increase in demand) tends to drive values lower as basic supply and demand laws come into play.

The current uncertain economic climate is a very significant factor in keeping the market from making any significant improvement.

Residential Market Report for August 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!

Martin County Florida Condo Market Report for July 2011

08.19.11 by

Martin County Florida Condo Market Report for July 2011

We’ve changed the scope of our charts for the Martin County Florida Condo market report from previous months. We are now going back to when we first started to record the data in 2004. This should give a much clearer picture of the trend and state of the market as a whole. You will need to click on each individual chart for an expanded view.

Condo sales were off for July which is to be expected for the summer season for Martin County.  There was a significant drop in the median sales price for July. This reflects that the majority of condo sales were in the lower-priced range and the higher-end condos are seeing a difficult market.

The current uncertain economic climate is a very significant factor in keeping the market from rising at present.

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

Condo Market Report for July 2011 in Martin County, Florida

the Gabe Sanders real estate team

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

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

Report Affirms How Location Affects Value

08.18.11 by

Report Affirms How Location Affects Value

You often hear real estate agents mention that real estate is local.  What happens in other areas of the country is not necessarily indicative of what happens in Martin County real estate.  This has been true for a long, long time.  Even within small geographical areas, the local nature of real estate may see one community struggling while a nearby neighbor flourishes.  There are lots of reasons for this and with the current real estate market difficulties, it is more true than ever.  Look at this recent article from the Miami Herald:

A ZIP Code-level report on South Florida’s housing market shows values soaring in some neighborhoods, plunging in others.

BY TOLUSE OLORUNNIPA

TOLORUNNIPA@MIAMIHERALD.COM

In South Florida’s location-specific housing market, some neighborhoods are enjoying 20 percent appreciation since last year, while others continue to plunge, down as much as 30 percent, according to a new report from real estate research firm Zillow.
Neighborhoods in negative territory—mostly low-income and inner-city locales—outnumber the region’s affluent ZIP Codes, which are on the upswing, so overall numbers still show a downward trend. The median home in South Florida had a value of $140,900 during the second quarter of this year, down 5.4 percent from last year, the report found. More than 45 percent of homes are underwater on mortgages, and 44 percent of homes sold for a loss in June.

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Read more: http://www.miamiherald.com/2011/08/09/2350657/report-affirms-how-location-affects.html#ixzz1VPWouzoR

Martin County Florida Residential Market Report for July 2011

08.18.11 by

Martin County Florida Residential Market Report for July 2011

We’ve changed the scope of our charts for the Martin County Florida Residential market report from previous months.  We are now going back to when we first started to record the data in 2004.  This should give a much clearer picture of the trend and state of the market as a whole.  You will need to click on each individual chart for an expanded view.

Sales were off for July which is to be expected for the summer season for Martin County.  Interestingly enough not as much as in many of the previous years.  Average sales prices took another dive but the average list prices did go up.  Possibly an indication of mainly lower-priced homes selling for the month of July.

The current uncertain economic climate is a very significant factor in keeping the market from rising at present.

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

Residential Market Report for July 2011 in Martin County, Florida

the Gabe Sanders real estate team

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

Market Report: Jensen Beach, Florida Real Estate Snapshot for Zip Code 34957, Condo Sales for June 2011

07.28.11 by

Market Report: Jensen Beach, Florida Real Estate Snapshot for Zip Code 34957, Condo Sales for June 2011

For June 2011 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 61 active listings. (Up 6 from last month)

17 Condo sales are pending and awaiting close or lender approval. (Down 2 from May)

5 Condos Sold (Down 2 from last month)

For the Jensen Beach, Florida condo market, June was a disappointing month with one of the few sectors in the Treasure Coast of Florida real estate market with an increase in inventory.  It is, however, getting into the off-season for condos in our market and this is more true for those condos on Hutchinson Island, where sales and activity are very seasonally dependent.

Search here for Jensen Beach Real Estate for Sale

Market Report: Jensen Beach, Florida Real Estate Snapshot for Zip Code 34997, Condo Sales for June 2011

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Jensen Beach Florida Real Estate presented by:
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Condominium Market Report for June 2011 in Martin County, Florida

07.18.11 by

Condominium Market Report for June 2011 in Martin County, Florida

We’re beginning to see a fairly typical slowdown of condo sales for the summer months, as generally condo sales in Martin County tend to be seasonal on average.  Prices are still decreasing in most segments, but at a very gradual pace and we expect it to firm up a bit.  The big unknown is the number of distressed condos that may come on the market next season as well as pent-up seller demand that may increase inventory.  If inventory increases, expect prices to continue decline.

To view these graphs in expanded mode just click anywhere in the chart. Click again to close.

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 June 2011 in Martin County, Florida

Residential Market Report for June 2011 in Martin County, Florida

07.18.11 by

Residential Market Report for June 2011 in Martin County, Florida

Fairly strong market activity report for June 2011 in Martin County, Florida.  Only a small decrease in volume from last year when there was a skewed increase in activity from the first-time home buyers tax credit.  Interesting to note, average sale prices have increased for the county.  Some of this result is from some higher-priced homes beginning to sell and not necessarily an increase in value for existing resales.  However, prices seem to have leveled off in certain market segments.

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

Residential Market Report for June 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!

Condominium Market Report for May 2011 in Martin County, Florida

06.18.11 by

Condominium Market Report for May 2011 in Martin County, Florida

The Martin County market activity in the condo real estate segment of the market remains fairly positive as to numbers.  Sales were just about unchanged from last year (up 1 unit), which was artificially inflated by the government’s first-time buyers assistance program.  Inventory levels dropped again and continues a positive trend.  Less inventory means less supply.  If demand picks up at all in the near future, this will signal the start of rising prices.  Unfortunately, at present, prices are still falling, though not nearly as severely as in the past few years.  One month absorption rate is at 12 months, a good improvement from last year’s 15 months.

Condominium Market Report for May 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!