Is it really a good time to buy a home in Stuart, Florida now?

As in most real estate related decisions, the answer is ‘it depends’. Most Realtors, like myself, are currently saying yes. One big factor in that answer is that the market has slowed and many Realtors are looking for business. So, let’s just ignore any possible personal motivations and look at the current conditions. The following current conditions are for the local market in Martin County, FL (including Stuart, Jensen Beach, Palm City, Hobe Sound and Hutchinson Island). Some of the following may apply to your area, but real estate is very local and conditions can be very different (sometimes even within certain towns and neighborhoods). For instance, Port St. Lucie, right next door to Stuart has completely different market dynamics and it would be a mistake to treat Saint Lucie and Martin Counties the same.

So, is it a good time to buy or not? It is not a good time if home prices are going down. And currently in most segments of the market in Stuart, prices are still declining. How long will it last? No one knows for sure, but our best guess is currently another 12 to 18 months. But prices aren’t the only factor in owning a home.

Mortgage rates and availability is a big factor of home ownership. We feel that rates will be going up in the future and this might make it less affordable to buy later than buying today. If you’re able to pay cash for a home with no financing, you may very well be better off by waiting a while.

Availability of homes. Our inventory in Martin County remains quite high by historical standards, but has been more or less steady for the past 11 months. This is a strong leading indicator that as prices continue to soften, inventory will gradually decline. Our current inventory of single family homes is around 2800. If you’re in the market for a specific neighborhood or area and have specific requirements, there is no guarantee that the home that fits you best will be available in six months or a year. Martin County is a limited growth area with not very much new construction coming on line, and where the new construction is, may not be where you want to be. So with a good choice of inventory at present, if a home is available that meets your needs, that same or similar home, neighborhood, etc, may very well not be available in the future. (I have clients now, that can’t find a home in the neighborhood of their choice for any price.)

So, is it a good time to buy? ‘It depends on your criteria and financial status’. If you’re thinking of making a move to or within Stuart – Martin County, Florida, give me or my partner, , a call or contact us from our web sites at or and we’ll let you know what and when can be the right time for you.

FHA steps up to fill mortgage void

First-time buyers and those who have lower to middle income have an old way, now turned new, to find a mortgage on the Treasure Coast of Florida.

It’s a good time to investigate the federally-backed Federal Housing Administration (FHA) loans. Mortgage applications increased from 41,530 in December 2006 to 73,444 in June of this year.

When the FHA was established in 1934, it provided a way for lower- and middle-income buyers to get a home of their own. At the time, many banks required a down payment of one-third of a home”s purchase price.

Today, FHA requires a 3 percent loan down payment.

As many mortgage companies came up with innovative financing plans in recent years, the number of buyers turning to FHA fell significantly. Meg Burns, FHA’s director of the Office of Single Family Program Development says, “Given how many borrowers really could benefit from FHA financing but how few of them do, I would say we are still in the doldrums.” But the situation is changing.

Though there are still nothing-down loans available, most require the buyer to have a high credit rating and above- average income to get one.

The FHA system needs some updating but still works for many people. Current limits are for a maximum loan of $362,790. But with recent legislation this may soon increase. But, even with the current limits there are some tremendous values available in Stuart, Jensen Beach, Palm City and in Port St. Lucie where an FHA loan may just make the difference.

Because some lenders don’t like the FHA paperwork, often a mortgage broker handles the loan. It can take from 90 to 120 days to get approval. Buyers should know what the entire cost of the mortgage will be including the broker’s fee.

Please contact me here or call 772-323-6996 if you need a list of current FHA lenders/brokers.

Homes for sale in the Pines, Jensen Beach, FL

Spacious Estate Home

3001 NW Windemere Drive, Jensen Beach, FL 34957

Enjoy life in real “Florida-Style” in this spacious family home with room for everyone. Three separate bedroom wings offer maximum privacy. There is a cozy sitting room off the master bedroom. A huge 14′ x 18′ “bonus” room (5th bedroom!) upstairs shares space adjacent to a 12′ x 22′ bedroom & bath. The heated self-cleaning pool provides hours of fun & relaxation as does the spa. All are enclosed in a 60 ft. screened patio. There is an outdoor shower as well. Surround sound system provides musical enjoyment and a 13′ x 22′ covered lanai offers a perfect retreat on a rainy day. The irrigation system uses reclaimed water & the rear area of the house has accordion shutters. The Pines is located between the new High School and charming downtown Jensen.


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The Pines

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Property Amenities

    – Range/Oven
    – Sink Disposal
    – Full Refrigerator
    – Microwave
    – Washer/Dryer
    – Dishwasher
    – Kitchen Island
    – Vaulted Ceilings
    – Deck

    – Grass Lawn
    – Yard
    – Swimming Pool
    – Jacuzzi/Whirlpool
    – Secluded Setting
    – Central A/C
    – Central Heat
    – Walk-in closet

    – Tile floor
    – Family room
    – Living room
    – Bonus/rec room
    – Office/den
    – Dining Room
    – Breakfast nook
    – Laundry area – inside

Community Amenities

    – Basketball court

    – Lake

    – High-speed Internet

Contact Info

Gabe Sanders &

Main 772-287-1777 Ext 242

Cell 772-323-6996

Dir 772-323-6996

Email | Website

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Another Cedar Pointe Condo Sold in Stuart Florida

Another Cedar Pointe Condo Sold in Stuart Florida

Welcome the proud new owner to this attractive senior community of Cedar Pointe in Stuart Florida.

Another Cedar Pointe Condo Sold in Stuart Florida by the Gabe Sanders real estate team.  An active adult community of 62, 2 story buildings divided into 8 villages with numerous clubhouses and pools as well as recreational areas.  One of the prime locations in the city of Stuart only minutes away from the pristine beaches of the Atlantic Ocean and close to shopping, restaurants and medical facilities.

It is currently a very attractive time to consider buying a Cedar Pointe Condo as prices have returned to pre 2003 levels and with low interest rates, these Sunshine State condos are ready for those wishing to move here full time or looking for an affordable winter home.

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Another Cedar Pointe Condo Sold  in Stuart Florida

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