Active Weekend Planned for Martin County, Florida

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

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)

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

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 .