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.

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New Listing – Sailfish Point Home Site with Deep Water Dock

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

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Stuart Florida Market Report ZIP Code 34997 – Residential, September 2011

10.16.11 by

Stuart Florida Market Report ZIP Code 34997 – Residential, September 2011

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for September 2011

There are currently 503 active listings (an increase of 19 from August).

181 Residential sales are pending and awaiting close or lender approval (Unchanged from August).

60 Homes Sold in August (Up 4 from August)

Little change in pending and sales numbers for the 34997 Zip code area of Stuart Florida.  Sales up slightly and pending sales (sales under contract but not yet closed) are unchanged.  The most noticeable statistic in this Stuart Florida market report is that the inventory rose by 19 homes.  This is the first increase in quite some time. This increase in inventory is also 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!

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Stuart Florida Market Report ZIP Code 34997 – Residential, September 2011

Sewalls Point Market Report – Residential, September 2011

10.14.11 by

Sewalls Point Market Report – Residential, September 2011

Sewalls Point Real Estate Snapshot, Residential Sales for September 2011

There are currently 53 active listings (an increase of 16 homes for sale from August)

9 Residential sales are pending and awaiting close or lender approval (Down 4 from August)

4 Homes sold in September (unchanged from August)

In September of 2011, 4 homes were sold in Sewalls Point. No change from August. This includes one $4,000,000 plus, sale for a beautiful waterfront home. September showed a marked increase in inventory which turned around a long trend of decreasing inventory.  The extra supply will have a negative effect on this local hypermarket and will most likely depress prices for the coming months, unless there is enough demand to reduce the inventory.  As our winter season approaches, we may very well have more increased inventory as the season for snowbirds (seasonal residents) and retirees becomes more active.

This increase in inventory is also 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!

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Sewalls Point Market Report – Residential, September 2011

Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Residential Sales for August 2011

09.23.11 by

Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Residential Sales for August 2011

For August 2011 in the 33455 Zip Code area of Hobe Sound, Florida :
(August data is compared to June since there was a problem compiling July data)

There are currently 342 active listings. ( down 36 from June)

54 Residential sales are pending and awaiting close or lender approval (Down 18 from June)

30 Homes Sold in August (An decrease of 8 from June and the same for July – 30 homes sold)

Inventory levels for the Hobe Sound real estate market continue to decrease and are coming close to pre-bubble levels.  Unfortunately, both sales and pending sales are off slightly.  With the latest poor economic news as well as a seeming political deadlock in Washington, consumer confidence has once again dropped and we are seeing a marked decrease in sales in the mid to upper range in the Martin County real estate market.

Not many foreclosure sales of any significance have come on the market. Short sales continue to be numerous but for the most part, the lenders are cooperating much more aggressively and they seem to be closing quicker and with greater frequency.

With any uptick in the economic news, there should be a pretty good run on residential real estate as there is some pent-up demand with homes being at historically affordable levels.  If this demand is not met with increasing inventory levels, prices should remain steady and could rise a little for the most attractive properties.

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Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Residential Sales for August 2011

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

09.22.11 by

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

For August 2011 in the 34957 Zip Code area of Jensen Beach, Florida :

There are currently 153 active listings. (A decrease of 10 from last June)

75 Residential sales are pending and awaiting close or lender approval. (A decrease of 2 homes from June)

18 Homes Sold (Up 6 from June and down 2 from July)

The Jensen Beach, Florida real estate market continues to show improvements with inventory levels now approaching pre-bubble levels.  Homes priced within market value ranges are enjoying relatively short market days and both foreclosure and short sales are grabbed up in minimum time.   Current pending sales tend to be skewed towards the lower price ranges as very affordable loan rates are making home ownership much more attractive of an alternative to renting for anyone that can qualify for a loan.  

I expect good movement this fall and winter in the mid to upper segment of the Jensen beach real estate market if we get some positive economic news locally and from Washington.

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

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

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Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for August 2011

09.20.11 by

Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for August 2011

For August 2011 in the 34990 Zip Code area of Palm City Florida :
(August data is compared to June since there was a problem compiling July data)

There are currently 466 active listings (A decrease of 37 homes from June)

139 Residential sales are pending and awaiting close or lender approval. (Up 7 from last June)

42 Homes Sold in August (Down 14 homes from June and up 2 from the 40 homes sold in July)

While sales for the Palm City (zip code 34990) real estate market activity were off marginally from June, all other indicators are positive for Palm City.  Inventory continues to shrink and quality homes well positioned on the market move at a good pace.  It should be a very interesting fall and winter season should there be some positive economic news, both locally and nationally.

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Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for August 2011

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Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for August 2011

09.18.11 by

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for August 2011

For August 2011 in the 34994 Zip Code area of Stuart, Florida :
(August data is compared to June since there was a problem compiling July data)

There are currently 84 active listings (Up 5 from June).

27 Residential sales are pending and awaiting close or lender approval (Down 9 from last June).

5 Homes Sold in August (Down 5 from June and down 7 from July’s 12 sales)

Unfortunately a very poor report for the 34994 zip code area of Stuart Florida.  The bad trend in all three categories.  Inventory has risen for the first time in years, pending and sales both off.

With the latest poor economic news as well as a seeming political deadlock in Washington, consumer confidence has once again dropped and we are seeing a marked decrease in sales in the mid to upper range in the Martin County real estate market.  The latest sales (which show some good results) were mainly initiated prior to the more current news as typically real estate sales typically take from one to three months to close.

Interestingly enough, neighboring zip codes 34997 and 34996 had positive results for the last two months.

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for August 2011

 

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Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34997, Residential Sales for August 2011

09.15.11 by

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34997, Residential Sales for August 2011

For August 2011 in the 34997 Zip Code area of Stuart, Florida :

(August data is compared to Jun since there was a problem compiling July data)

There are currently 484 active listings (down an impressive 44 from June).

181 Residential sales are pending and awaiting close or lender approval (up 17 from June).

56 Homes Sold in June (down 4 from June, but up from 44 homes closed in July)

Fairly strong results for the 34997 zip code area of Stuart, Florida as sales were strong and represented a good cross-section of available price ranges.  Pending sales also remain strong as inventory has declined further.

Even with the latest poor economic news, the market in this Stuart zip code seems to be doing well compared to some neighbors and certain communities with very low inventory have seen some slight price increases.

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34997, Residential Sales for August 2011

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for August 2011

09.14.11 by

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for August 2011

For August 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 160 active listings (down 7 from June).

28 Residential sales are pending and awaiting close or lender approval (down 5 from June).

9 Homes Sold in August(up 3 from June and down from a solid 17 sales in July).

After a solid 17 sales in July, only 9 homes closed in August for the 34996 zip code area of Stuart Florida.  With the latest poor economic news as well as a seeming political deadlock in Washington, consumer confidence has once again dropped and we are seeing a marked decrease in sales in the mid to upper range in the Martin County real estate market.  The latest sales (which show some good results) were mainly initiated prior to the more current news as typically real estate sales typically take from one to three months to close.

On the brighter side, the inventory continues to decrease.  Not a great amount of foreclosure sales of any significance have come on the market. Short sales continue to be numerous but for the most part, the lenders are cooperating much more aggressively and they seem to be closing quicker and with greater frequency.

With any uptick in the economic news, there should be a pretty good run on residential real estate as there is some pent-up demand with homes being at historically affordable levels.  If this demand is not met with increasing inventory levels, prices should remain steady and could conceivably rise a little for the most attractive properties.

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for August 2011

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Market Report: Sewalls Point, Florida Real Estate Snapshot, Residential Sales for August 2011

09.11.11 by

Market Report: Sewalls Point, Florida Real Estate Snapshot, Residential Sales for August 2011

There are currently 37 active listings (a reduction of 15 homes for sale from June)

13 Residential sales are pending and awaiting close or lender approval (Down 2 from June)

4 Homes sold in August (much better than the zero sales from June)

In August of 2011, 4 homes were sold in Sewalls Point. Much better than the zero sales from June.  But not as good as the 8 homes that sold in July, which included 3 waterfront homes.  The inventory is down considerably which makes Sewalls Point homes of good value much more difficult to find and more attractive.  Unfortunately at this point, the economy is also a big question mark and many upscale buyers are nervous about making a move in such uncertain times, even though interest rates are at historic all-time lows.  Along with the low-interest rates, lenders have made their loan products more difficult to obtain with much more stringent standards than before.

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Market Report: Sewalls Point, Florida Real Estate Snapshot, Residential Sales for August 2011

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

Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Residential Sales for June 2011

07.29.11 by

Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Residential Sales for June 2011

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

There are currently 378 active listings. ( down 1 from May)

72 Residential sales are pending and awaiting close or lender approval (Down 21 from last month)

38 Homes Sold in June (An increase of 8 from May)

The good news from the Hobe Sound residential real estate market (zip code 33455) for June is that sales increased by 8 homes to a total of 38 for the month. Unfortunately, the inventory was basically unchanged (dropping by only 1 home) and pending sales (future activity) were down by 21 units from May.

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Market Report: Hobe Sound Florida Real Estate Snapshot for Zip Code 33455, Residential Sales for June 2011

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

07.27.11 by

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

For June 2011 in the 34957 Zip Code area of Jensen Beach, Florida :

There are currently 163 active listings. (A decrease of 2 from last month)

77 Residential sales are pending and awaiting close or lender approval. (An increase of 6 homes from May)

12 Homes Sold (down 11 from last month)

Sales for June were off for the Jensen Beach Florida residential real estate market (zip code 34957) for June.  Inventory continued its gradual decrease and pending sales rose slightly.  Most sales for June were in the lower to lower middle price ranges as the general market for Jensen beach tends to be sluggish with the exception of some bright spots with new construction in the Jensen Beach Golf and Country Club as well as Windemere near the Pines.

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

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Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for June 2011

07.25.11 by

Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for June 2011

For June 2011 in the 34990 Zip Code area of Palm City Florida :

There are currently 503 active listings (A decrease of 29 homes from May)

132 Residential sales are pending and awaiting close or lender approval. (Up 4 from last month)

56 Homes Sold in June (Down 5 homes from May)

For the Palm City (zip code 34990) real estate market activity, the biggest number for June is that the inventory declined by 6% or down 32 homes.  Pending sales rose slightly.  Closed sales were off by 5 homes and this is often to be expected as during the summer season on the Treasure Coast of Florida many buyers are seasonal and have postponed their buying activity until the start of next season.

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Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for June 2011

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Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34997, Residential Sales for June 2011

07.21.11 by

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34997, Residential Sales for June 2011

For June 2011 in the 34997 Zip Code area of Stuart, Florida :

There are currently 528 active listings (down 20 from May).

164 Residential sales are pending and awaiting close or lender approval (down 9 from last month).

60 Homes Sold in May (Up 7 from May)

For zip code 34997 in Stuart Florida, June sales were up by 7 homes while pending sales were off signifying a coming slower market for the summer and fall months, which is the typical seasonal pattern for the Treasure Coast real estate market.  The inventory continues to decline and we are back to 2005 levels which was prior to the big market slowdown.  When the supply of existing homes for sale decreases enough to equal the demand, we will then be back to a balanced (or normal) real estate market which will result in a slow increase of values once again as prices will start to once again rise.

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34997, Residential Sales for June 2011

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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

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Stuart Florida Market Report ZIP Code 34996 – Residential, June 2011

07.14.11 by

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for June 2011

For June 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 167 active listings (down 13 from last month).

33 Residential sales are pending and awaiting close or lender approval (up 2 from May).

6 Homes Sold in May (down 2 from May).

For the second month in a row, sales of existing single-family homes dropped slightly in the 34996 zip code area of Stuart Florida.  Other market statistics are a bit more hopeful as the inventory is down again and pending sales also had a rise.  Considering the poor economic news during the month of June, this is not a bad result.  The market is ready for a turnaround when the economy can start its recovery.

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34996, Residential Sales for June 2011

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Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for June 2011

07.12.11 by

Market Report: Stuart, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for June 2011

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

There are currently 79 active listings (Down 10 from May).

36 Residential sales are pending and awaiting close or lender approval (up 5 from last month).

10 Homes Sold in June (up 1 from May)

Residential market activity for the 34994 zip code area of Stuart Florida was strong for June 2011.  Sales were up by one unit to 10, but more importantly over a 10% decrease in inventory as well as a solid increase to 36 pending sales.  All this during a month of fairly bad economic news with a lot of uncertainty as to the future economic conditions of the area.  As the inventory declines, and fewer homes are available, eventually, pressure for increased prices will come.

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Market Report: Stuart Point, Florida Real Estate Snapshot for Zip Code 34994, Residential Sales for June 2011

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