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

 

North River Shores Homes for Sale in Stuart, Florida

07.30.10 by

North River Shores Homes for Sale in Stuart, Florida

The area north of the Roosevelt Bridge to Britt Road and west of US 1 is sometimes loosely referred to as “North River Shores.” However, North River Shores and its companion neighborhoods of Cocoanut Point and North River Forest are distinct subdivisions as recorded in Martin County records.
North River Shores in Stuart Florida

Google Earth Image


Members of these communities enjoy the benefits of designated park areas as well as the use of the boat ramp at Nosaw Park which accesses the North Fork of the St. Lucie River. There are also some accompanying deed restrictions that enhance and protect the aesthetic nature of this beautiful community.

The North River Shores communities include both waterfront and non-waterfront homes.  Waterfront homes may have sweeping miles-wide views of the North Fork of the Saint Lucie River or protected canal front homes with deep water dockage.  Additionally, North River Shores is a bird and wildlife sanctuary.


This community is blessed with easy access to shopping, the beaches, houses of worship, schools and access to both downtown Stuart and Jensen Beach, yet it maintains a quiet and peaceful neighborhood character.   This is a wonderful neighborhood within Martin County’s ‘A’ rated school district. For additional information visit our website or call us at (772) 888-2885.

North River Shores Homes for Sale in Stuart, Florida

Search here for available homes in North River Shores

Find the Perfect Home for Sale Today

Prices are low ant the inventory has been shrinking.  Don’t miss the opportunity of a lifetime.  Search instantly for any size, location, price range to get you the BEST deal around!!!

courtesy of:
Gabe Sanders

Locks landing Home for Sale in Stuart, Florida has Been SOLD!

07.24.10 by

Locks Landing Home for Sale in Stuart, Florida has Been SOLD!

Imagine your boat docked just steps from your home in this private marina community. This beautiful Boca style 4 bedroom, 3 bath home is situated on a large preserve lot in a quiet setting. All the comforts of home in this award-winning floor plan built by Miller in ’99. The great outdoor space has a large screened pool/spa with loads of open space for entertaining.  The 4th bedroom makes a fantastic office or in-law suite with a cabana bath nearby. Paver brick drive and outside side load garage for the car buff in your family.  The dock is included in the sale. Come see this beautiful home in a wonderful community. You’ll be glad you did!

Locks Landing Home for Sale in Stuart, Florida has Been SOLD!

the Gabe Sanders real estate team

Stuart Florida Real Estate

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.

 

Waterfront Home for Sale in Palm City – SOLD!

07.24.10 by

Waterfront Home for Sale in Palm City – SOLD!

A slice of Paradise in your backyard, wide water views where dolphins come to visit and you look out to a bird sanctuary.  Sit around screened pool, refresh yourself at Tiki Hut, dock and boat lift for water fun.

Well maintained home has flexible floor plan offering opportunities for a family room and dining room, LR with gas fireplace, and spacious open kitchen. Pocket slider doors open to a large screen patio and pool making it ideal for entertaining.  Tiki hut with bar is perfect for pool and Riverside parties. The dock can accommodate an 18’boat.  New Decra roof, 2 car garage plus an additional brick paver driveway for additional cars, RV or boat. If you want to be on the water with a beautiful view, this is a must-see!

Waterfront Home for Sale in Palm City – SOLD!

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

Highlands Reserve Homes for Sale in Palm City, Florida – SOLD!

07.24.10 by

Highlands Reserve Homes for Sale in Palm City, Florida – SOLD!

Palm City’s newest upscale community. Enter the magnificent gates and surround yourself with the well appointed amenities of the clubhouse and natural beauty of this community. Included are paths into winding nature trails will offer dramatic views of surrounding natural preserves and serene lakes

Located only seconds from I-95 and within minutes of shopping, beaches and the laid back easy lifestyle of Martin County. Perfect for the family with an ‘A’ rated school system. Only 30 minutes to West Palm Beach and 2 hours to Orlando.

We currently have exceptional bargains on ready to move in brand new homes the builder has allowed us to present to you. Call Gabe or Susan for details.

Search for Newer Homes for Sale in Palm City Florida

Highlands Reserve Homes for Sale in Palm City, Florida – SOLD!

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

 

Stuart Lakefront Condo in Vista del Lago has been Sold!

07.09.10 by

Updated 2’nd floor end unit with lovely lake views from this spacious 2 Br, 2 Ba, 55+ Condo.  Situated near the clubhouse with an exercise room, billiards, ping pong, barbecue grills, bike/walking trails, and a heated pool in this wonderful active adult community. Great location only minutes to extensive shopping (including the Treasure Coast Mall), restaurants, and downtown Stuart and Jensen Beach.  Only minutes to the beaches and waterways of Martin County.  Low taxes and monthly maintenance include insurance. This exceptional unit comes fully furnished and is ready for a quick sale and immediate occupancy.

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

Active Weekend Planned for Martin County, Florida

07.09.10 by

If you’re looking for a good time this weekend around the Treasure Coast of Florida, there are lots of options for you.

Friday, Saturday and Sunday (July 9, 10 & 11), Stuart’s Lyric Theater will be hosting performances of the classic rock opera ‘Tommy’. Performed by the powerhouse, award-winning teens of StarStruck Performing Arts Center. Performances are scheduled for 7 p.m. Friday and Saturday and 2 p.m. Sunday.  Tickets are $20.  More information is available at the Lyric Theater.

Hobe Sound is hosting the Hobe Sound Barbecue Festival from noon to 6 pm on Saturday, July 10th.  Located at Bridge Road and State Road A1A in downtown Hobe Sound.  This festival features professional competitors from around the state hoping to win the $10,000 in prize money.  In addition, a second, ‘backyard competition’ will be held for local restaurants and enthusiasts for bragging rights.  There will be arts and crafts, entertainment and food galore for the entire family.  

At the Blake Library in Stuart, the Central Florida-based ensemble Friends of Jazz will be performing at 2 p.m. Saturday.  The ensemble features vocalists Tammy Georgine and Bob Fowler along with Greg Taillon on bass, Dave Crockett on piano, Ronnie Hart on drums and Ross Humphries on woodwinds and brass. The event is free and open to the public.  More information and events schedule can be found on their website or visit our website or call us at (772) 888-2885.

Joes Point, Hutchinson Island Waterfront Community, Stuart, FL

12.19.09 by

One of the most unusual properties on Stuart’s Hutchinson Island is Joes Point. Located on a private peninsula that juts to the northwest into the mile-wide Indian River (Intracoastal Water Way). Originally developed by Lloyd Dutcher in the early 1980’s this is a premier waterfront subdivision enjoying the many wonderful amenities of Hutchinson Island in Martin County. Only minutes to the Saint Lucie inlet and the sparkling Atlantic Ocean by boat, with easy access to the Bahamas or through the Okeechobee waterway through the heart of Florida to the Gulf of Mexico by boat. This is a true boaters paradise. Abundant fishing is just off the dock or go just a few minutes further for some deep sea fishing and adventure.

Joes Point on Hutchinson Island
Google Earth image


Not just for the fishermen, Joes Point is also an excellent family neighborhood. The Martin County School district for Joes Point includes all ‘A’ rated schools and all within minutes with the county school bus. A private gated beach also belongs to this gated homeowners association for the use of the residents.

 


Homes range from 80’s style renovated waterfront homes to just about brand new. There’s also a limited number of undeveloped lots remaining. Current home prices range from the 600’s to over $1 Million.


 

For more information about Joes Point and Hutchinson Island and our beautiful Martin County visit our website or call us at (772) 888-2885.

Select here to view all available Joes Point Homes for Sale

 

 

the Gabe Sanders real estate team

Stuart Florida Real Estate

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

Search the Martin County MLS

 

A Lesson For Sellers (From Buyers)

09.19.09 by
If you’ve found the right home, how can you be certain you aren’t paying too much? Once you make your choice, it’s quite likely you’ve also become well informed about property values. How is this so? Because before you made that choice, you probably looked at a variety of homes, possibly as many as six to twelve properties. That’s called “comparison shopping.”
As you visited each home, you made value judgments based on the size, features, and amenities offered, as well as the condition of the homes. Without realizing it, you compared prices, looking for the greatest value for your dollar. Nevertheless, another aspect of your purchase further protects you from purchasing an overpriced home. Called an “appraisal,” it’s a required step in the mortgage approval process. Your mortgage lender, who is putting up the majority share of the purchase price, also wants to be sure the home is not priced above the market.Thus, the lender asks a licensed appraiser to determine the home’s value for the record. If the appraised value does not at least meet the purchase price, the lender may not approve the loan or, at the very least, may ask for a higher down payment.

As the buyer, however, it’s easy to spot the overpriced homes. They are the ones that have been on the market for some time – but remain unsold.
Residential Homes, Condos and Land
Waterfront and Golf Course Communities
in Martin and Saint Lucie Counties

Martin County Real Estate Inventory Declines

07.14.08 by

Martin County Florida’s single family home inventory in June declined for the fifth consecutive month, which is an indication of market improvement.

There are 2409 homes available through the Multiple Listing Service, a decrease of 71 homes from the previous month and 495 since January 2008. The month-to-month inventory declined 20.5 percent since January.

The current inventory reflects a 16-month supply at the current sales pace.

Martin County had 152 single family home sales in June, a 5 percent improvement from the 144 home sales in the month prior, and 12 percent above the 134 homes sold in June 2007.

To date, 754 homes have been sold by Realtors so far this year, a 4.3 percent increase from the 722 sales posted in the same period a year ago.

The median sales price of a home in Martin County in June fell to $234,950, a 3.1 percent increase over May’s $227,500, but 32.5 percent below the June 2007’s $337,000.
Condos sales in Martin County increased 22.2 percent in June, from 35 in June 2007 to 45 last month. Condo median prices fell 30.7 percent from $260,000 in June 2007 to $180,000 for June of 2008.

There are currently 1168 condos available for sale in the MLS as compared to 1281 in June of 2007.

These numbers show signs of positive activity in home and condo sales while showing that we’re not at the end of price declines yet. If inventory levels continue their decline, we should see a leveling of prices when absorption rates reach less than 9 months.

Understanding real estate dilemmas and their solutions is our business, and we’ll happily share our knowledge with you. Why not give us a call at (772) 323-6996 or visit us on the web at http://www.gabesanders.com/ and http://www.treasurecoastflhomes.com/. Our office is located at 1121 SE Ocean Blvd. in Stuart, Florida (Sewall’s Point); please ask for Gabe Sanders or .