Palm Pointe and Palm Isles October 2015 Market Report

There are currently 4 active listings in Palm Pointe and Palm Isles. list prices are from $214,120 up to $324,990 with an average list price of $260,752 which is equal to $133.94 per sq. ft. of living area.

At this time, there are 4 homes under contract which have not closed yet. List prices range from $229,000 and $334,750 with the average list price of $288,375 which works out to $137.92 per sq. ft. of living area. These homes were on the market for an average of only 11 days prior to going under contract.

7 homes have sold in the past 12 months. Sales price ranged from $143,000 to $240,000 with the average sales price of $207,696 which is $112.01 per sq. ft. of living area. These homes were on the market for an average of 59 days prior to going under contract and sold at an average of 94% of list price.

Palm Pointe and Palm Isles are adjoining communities in Palm City just east of High Meadow Rd between Martin Downs Blvd and Martin Hwy. These gated communities are conveniently located close to both Florida’s Turnpike and I-95 making it a great location for those who commute to parts north or south for work, yet want to take advantage of the great school system and amenities that Martin County has to offer. Also within easy reach of shopping, restaurants and medical facilities as well as the many boat ramps and Marinas of Martin County.

There are a total of 128 homes that were built from 1990 through 1996 for Palm Pointe and 1999 to 2001 for Palm Isles. These two communities share a community pool, tennis courts and a playground.

Homes range in size from 2 bedroom, 2 bathroom homes of around 1,400 sq. ft. of living space plus a two car garage, up to 4 bedroom, 4 bath homes of around 2,400 sq. ft. plus garage. Many homes in these communities have their own private pools and a lucky few have wonderful lake views.

As of October 2015 HOA fess were just over $200 a month and this community allows large pets and rentals. There are vehicle restrictions for commercial trucks.

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Palm Pointe and Palm Isles October 2015 Market Report

October 2015 Update for the Courtyards at Willoughby

10.02.15 by Gabe Sanders

October 2015 Update for the Courtyards at Willoughby

There is only one active listing in the Courtyards at Willoughby for the beginning of October 2015. This condo is listed for $144,900 or for $111.63 per sq. ft. of living area.

There are no properties currently under contract.

In the past 12 months, 10 condos have sold in the Courtyards with sales prices ranging from $112,000 to $175,000 for an average sales price of $129,750 and this equals $105.41 per sq. ft. of living space. These condos sold for an average of 98% of list price in an average of 41 days on market.

The charming townhomes in the Courtyards at Willoughby are located close to Historic Downtown Stuart as well as many other shopping, dining and entertainment areas that Stuart, Jensen Beach and Palm City have to offer.

There are only 44 residences in the Courtyards at Willoughby with four different models to choose from, The Juno, The Jupiter, The Hutchinson, and The Jensen depending on your needs. The models go up to 3 bedroom, 2 bathroom two level homes with 1,532 sq. ft. of living area down to 2 bedroom, 2 bath one level living with 1,125 sq. ft. of living space and some models feature garages. Maintenance fees at the time of this writing (October 2015) run from $350 per month and lower depending on the size of the unit. Up to 1 medium sized pet is allowed.

This community features a swimming pool, with a sundeck and cabana grilling area, and a 24 hour fitness center! The surrounding school district is ‘A’ rated.

As of October 2015 there is only one active listing in the Courtyards at Willoughby. It is a 3 bedroom, 2 bath townhome with a two car garage. The list price is $195,000.

There are three pending listings. All are 2 bedroom units that were listed from $109,900 to $129,000 for an average list price of $115,966 which equals $98.78 per sq. ft. of living area. 2 of these homes are short sales.

In the past 12 months, there have been 7 sales in the Courtyards at Willoughby. Sales prices ranged from $103,100 to $179,900 for an average sold price of $129,750 which was $97.33 per sq. ft. of living area. There were no foreclosures and one shortsale in this group of sales.

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October 2015 Update for the Courtyards at Willoughby

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Orchid Bay Palm City FL October 2015 Market Update

10.01.15 by Gabe Sanders

Orchid Bay Palm City FL October 2015 Market Update

There are currently 6 homes available to purchase in Orchid Bay. List prices range from $469,000 to $599,000. The average listing price is $515,983 which equates to $178.67 per sq. ft. of living area.

2 homes are under contract and awaiting sale. The list prices are $375,000 and $489,000 which average to $432,450 and is $163.54 per sq. ft. of living area. These two homes averaged 180 days on the market before going under contract.

In the past 12 months, 10 homes have sold in Orchid Bay. Sales prices ranged from $350,000 to $559,000 for an average sold price $472,600 which equals $163.26 per sq. ft. of living area. These 10 homes averaged 65 days on the market before the sellers accepted an offer and sold for an average of 94% of the listed price.

One of the most desirable communities in Palm City, Orchid Bay (also known as Captain’s Creek) lies just south of the new Palm City Veteran’s Memorial Bridge off of Mapp Road. This gated community of 153 homesites (including only two vacant lots at this time) enjoys spacious private lots of at least a ½ acre with a few properties residing on over 1 acre sites. This planned community was developed by the Tartan land Company in the early 1990’s and all homes are individually constructed by the lot owner’s builder of choice. Consequently this is not a “cookie cutter” community by any means.

Homes range in size from over 5,000 sq. ft. of living area to just over 2,000. From as many as 8 bedrooms down to 3 bedroom homes. Both one and two story residences. Homes were built from 1992 through 2007. Amenities include tennis courts, a picnic and playground area as well as a public gazebo. Numerous lakes and ponds are on this property with many homes enjoying serene water views. Orchid Bay has its own community propane tank so all residents have the option of hooking in for propane utilities if desired.

HOA fees at the time of this writing are $415 per quarter. These fees include maintenance of the roads, trash pickup, common areas as well as basic cable TV service.

Children of Orchid bay attend wonderful schools: Palm City Elementary, Hidden Oaks Middle and Martin County High.

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Orchid Bay Palm City FL October 2015 Market Update

Stuart FL 34996 Condo Market Report August 2015

09.16.15 by Gabe Sanders

Stuart FL 34996 Condo Market Report August 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for August 2015

For August 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 78 active condo listings (Down by 14 condos last month).

53 Condo sales are pending and awaiting close or lender approval (Increased by 11 condos from July).

20 Condos Sold in August (Increased by 4 condos from July)

The Stuart FL 34996 Condo Market is bucking the trend for the off season with increased activity for August. Both closed and pending sales increased while the level of inventory decreases to very low numbers. This level of activity will be unsustainable if the inventory doesn’t rise soon. This is good news for sellers as the prices continue to rise and demand seems to be strong.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 3.9 months from July’s 5.8 months. Back into a strong sellers’ market. A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for August 2014 were: 149 active listings, 48 pending sales and 14 closed sales. Pretty impressive activity this year, with better volume of both sales and pending sales at just about half the available inventory.

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Stuart FL 34996 Condo Market Report August 2015

Rustic Hills Palm City FL September 2015 Market Report

09.16.15 by Gabe Sanders

Rustic Hills Palm City FL September 2015 Market Report

There are currently 3 homes available for sale in Rustic Hills. Listing prices range from $349,000 to $575,000 for an average list price of $424,666 which equals $250.76 per sq. ft. of living area.

There are 2 homes under contract awaiting sales. List prices are $324,900 and $349,000 for an average list price of $336,950 which is equal to $248.77 per sq. ft. of living area. These homes were on the market for an average of 182 days.

In the past 12 months, 17 Rustic Hills homes have sold. Sales prices ranged from $90,000 to $467,000 for an average sales price of $253,300 which equates to $153.57 per sq. ft. of living area at a 90% sales to list price ratio. These homes went under contract in an average of 97 days.

Originally a popular fishing camp, Rustic Hills in Palm City, Florida is a quaint waterfront enclave of 178 home sites geared for families who also enjoy boating.All homes have canal frontage with dockage, except for 10 homes/lots, which have deeded spaces for docks.A wonderful entrance through the ‘covered bridge’ allows entry into Rustic Hills.Great families and good neighbors through a series of winding one lane roads that make this neighborhood unique in today’s fast paced life styles.Some homes still have the outward character of the old fishing camp lodges, but most have been completely remodeled or even re-built to today’s standards.

Truly a ‘rustic’ area, but close to shopping, beaches and all modern amenities. Only a short ride by boat to the wide Saint Lucie River and an additional few minutes to the Saint Lucie Inlet and the beautiful Atlantic Ocean.

Currently, children living in Rustic Hills attend Bessey Creek Elementary School, Hidden Oaks Middle School and Martin County High School. Rustic Hills is an exceptionally friendly family neighborhood where children are seen playing outside at all times and neighbors taking the time to make sure that all is well.

There are a number of exceptional opportunities for the prospective home buyer in Rustic Hills.

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Rustic Hills Palm City FL September 2015 Market Report

Sewalls Point Single Family Market Report August 2015

09.12.15 by Gabe Sanders

Sewalls Point Single Family Market Report August 2015

Sewalls Point Real Estate Snapshot, Residential Sales for August 2015

There are currently 59 active listings (Up by 1 homes since last month)

16 home sales are pending and awaiting close or lender approval (Increased by 4 homes from July)

3 Homes sold in August (Down by two sales from July)

The single family real estate market in Sewalls point continues to struggle, but with increased pending activity we may see a nice improvement in the coming season. Prices are once again going up in this market and it seems that the days of the bargain may be approaching an end for now.

The current absorption rate jumped to 19.7 months, in July it was 11.6 months. A very strong buyers market. With pending sales rising, this may be an excellent time for buyers to take advantage of the Sewalls Point residential market. A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to August of 2014, the inventory was 41 homes on the market, 8 pending sales and there were 7 closed sales. Considerably greater sales activity last year with less inventory.

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September 2015 Market Report for Martins Crossing

09.10.15 by Gabe Sanders

September 2015 Market Report for Martins Crossing

There are currently 7 homes and townhomes for sale in Martins Crossing. Prices range from $167,900 to $417,800 for an average list price of $292,628 which equals $129.04 per sq. ft. of living area.

There are 7 homes under contract. List prices range from $159,900 to $339,888 for an average list price of $262,762 which is $118.25 per sq. ft. of living area. On average these homes went under contract in 49 days.

In the past twelve months, 50 homes have sold in Martins Crossing. Sales prices ranged from $121,800 to $330,000 for an average sales price of $220,26 which equates to $114.95 per sq. ft. of living area. These homes sold at an average of 96% of listed price and were under contract in an average of 54 days.

Located in the intimate, yet vibrant, city of Stuart near a variety of fine restaurants, cultural outlets and shopping. September 2015 Market Report for Martins Crossing, boasts of 596 residences with a stunning variety of single family homes and a section of private town homes. This family friendly community was completed around 2006 with mostly newer homes.

September 2015 Market Report for Martins Crossing community amenities include lush landscaping and with private preserve views, The Martins Crossing Clubhouse has a sparkling resort style pool, and over sized deck, tennis courts and a playful tot lot all nearby.

September 2015 Market Report for 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.

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September 2015 Market Report for Martins Crossing

Plantation at Sewalls Point September 2015 Market Report

09.06.15 by Gabe Sanders

Plantation at Sewalls Point September 2015 Market Report

In September of 2015 there are 4 homes listed in the Plantation at Sewalls Point. List prices range from $1,050,000 to $6,500,000 for an average list price of $3,233,750 which equals $399.51 per sq. ft. of living area.

There are no homes under contract at present in the Plantation at Sewalls Point.

In the past 12 months, there have been no sales in the Plantation at Sewalls Point.

The Plantation at Sewalls Point is an exclusive private community of only 21 home sites. There are 10 large estate sized waterfront lots with deep water docks and views of the Saint Lucie River some with magnificent waterfront views of the Saint Lucie River. 11 smaller non-waterfront home-sites on 1/2 to 1 acre sites. All homes were custom built by individual contractors/builders from 1994 to the early 2000’s.

Some of Martin County’s most elegant homes can be found in the Plantation at Sewalls Point. Conveniently located close to Indian Riverside Park, the United States Olympic Sailing Center, Deep Water marinas, restaurants, shopping and all of this within an ‘A’ rated school system.

The HOA fees depend on the size of the property and range from around $900 a quarter to $1,400. The Plantation at Sewalls Point is one of the most prestigious communities in Martin County and the Treasure Coast of FL.

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Plantation at Sewalls Point September 2015 Market Report

Stuart FL 34996 Condo Market Report July 2015

08.14.15 by Gabe Sanders

Stuart FL 34996 Condo Market Report July 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for July 2015

For July 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 92 active condo listings (Down by 10 condos last month).

42 Condo sales are pending and awaiting close or lender approval (Increased by 16 condos from June).

16 Condos Sold in July (Decreased by 10 condos from June)

The Stuart FL 34996 Condo Market moderated a bit for July. Closed sales were down from the previous month and unfortunately the inventory continues to drop. Surprisingly there was a large jump in pending sales which is a good indication for continued strong activity for the remainder of the summer..

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 5.8 months from June’s 3.9 months. Drifting close to a balanced market for July. A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for July 2014 were: 143 active listings, 45 pending sales and 11 closed sales. Better activity this year even though our inventory is significantly lower than it was in July of 2014.

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Stuart FL 34996 Condo Market Report July 2015

Sewalls Point Single Family Market Report July 2015

08.10.15 by Gabe Sanders

Sewalls Point Single Family Market Report July 2015

Sewalls Point Real Estate Snapshot, Residential Sales for July 2015

There are currently 58 active listings (Decreased by 3 homes since last month)

12 home sales are pending and awaiting close or lender approval (Down by 3 homes from June)

5 Homes sold in July (Up by two sales from June)

The Sewalls Point single family homes market continues to face some challenging volume of sales, though there were some excellent closings on the higher end of the market for June. Also, a nice decrease in inventory will bring back some activity for the near future to Sewalls Point.

The current absorption rate dropped to 11.6 months, in June it was 20.3 months. Still plenty of room for improvement. A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to July of 2014, the inventory was 48 homes on the market, 13 pending sales and there were 5 closed sales. Other than a larger inventory, last years sales activity is almost identical to this year.

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Port St Lucie Key West Style Home Sold

08.07.15 by Gabe Sanders

Port St Lucie Key West Style Home Sold

Sorry you were too late for this Port St Lucie 4 BR Key West Style home located on 1465 SW Algardi Lane. This home was just sold by the Gabe Sanders BlueWater realty team for $162,000.

Beautiful key west style home with 4 bedrooms and 3 baths with wrap around porch and backyard deck. There are 2 master suites, 1 downstairs and 1 upstairs. Tile through out the first floor with carpet in the upstairs bedrooms. Stainless steel appliances with granite in kitchen. Freshly painted inside. Large garage with plenty of room for a work bench. Downstairs bath has new vanity and shower with glass blocks, master bath upstairs has double walk in closets and double vanity sinks. New landscape in front with trees in back for privacy.

Port St Lucie has been ranked as one of the cleanest, safest and fastest-growing cities in the United States . With that in mind, traditional neighborhoods are a popular choice in Port St Lucie real estate. Ideal for growing families, traditional neighborhoods are made up of single-family homes—free-standing structures that share no walls with other homes. Port St. Lucie’s neighborhoods are conveniently located, with a large selection of restaurants, schools, banking, healthcare services, shopping and entertainment opportunities nearby.

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Port St Lucie Key West Style Home Sold

Another Emerald Lakes Home Sold

08.03.15 by Gabe Sanders

Another Emerald Lakes Home Sold

We found the perfect buyer for this single family home in Emerald Lakes in Stuart, FL 4357 SE Scotland Cay Way sold for $200,000. We negotiated a number of repair concessions from the sellers that they didn’t want to do. It was our knowledge of contracts and our negotiating skills that made this happen.

This is a one owner 3 bedroom 2 full bath 2 car garage single family home located in south Stuart. This well maintained home has found it’s new owner. Low HOA fees include landscaping. An ideal winter getaway with minimal maintenance required or the perfect full time home to enjoy your carefree Florida lifestyle. All ages are welcome and this is a pet friendly community.

The community of Emerald Lakes lies n the Port Salerno area of Stuart, Florida and consists of 400 2 and 3 bedroom town homes and 130 single family villas. The town homes and villas are governed by two separate home owners association yet share many of the same amenities.

Spread out over 100 acres of beautiful Florida landscape, with 3 ‘Emerald Lakes’, miles of walking paths, 7 tennis courts, 3 heated pools and two club houses. Very conveniently located within walking distance of a Publix Grocery store, Beall’s, Walgreen’s, Banks, Gold’s Gym, etc.

Just a few miles away are numerous Golf Courses, Martin County’s famous waterways, marinas and beaches and also within minutes of I-95 for easy access to locations both north and south. Fort Lauderdale is only a little over an hour to the south and Disney World is just over 2 hours to the north. A perfect location!

Residents of Emerald lakes enjoy the good life with low HOA fees and an excellent management staff for both Home Owners’ Associations.

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Another Emerald Lakes Home Sold

Crane Creek in Martin Downs July 2015 Housing Market Update

07.19.15 by Gabe Sanders

Crane Creek in Martin Downs July 2015 Housing Market Update

In July of 2015 there are 11 homes actively listed in Crane Creek. List prices range from $375,000 to $675,000 for an average list price of $549,355 or $148.37 per sq. ft. of living area.

There are currently 2 Crane Creek homes are under contract and awaiting settlement, priced from $179,000 to $415,000 or an average list price of $314,333 which is $132.20 per sq. ft. of living area.

In the past 12 months there have been 22 sales in Crane Creek with sales prices ranging from $135,000 to $635,000 for an average sales price of $337,324 or $118.83 per sq. ft. of living area. The average days on market was 91 with a 95% list to sales price ratio.

The coast of Florida on the eastern side offers many wonderful locations. One of the secret attractions is Crane Creek real estate development. This community is found within Palm City. With all the accommodations the Palm City area has to offer it should not be a surprise that a select neighborhood such as Crane Creek real estate properties is a high commodity.

An abundance of parks to soak in the outdoors from a climate that allows for it year round; fields for football, soccer, baseball, softball, lacrosse, tennis and basketball courts, skate rinks and parks, horseshoes, playgrounds, picnic areas, shelters, boat ramps and many more
A wide variety of fishing from saltwater to freshwater, surf to pier to deep water, charter, novice and expert, tournament or hobby
An assortment of arts and culture; musicals, plays, movie theaters, miniature golf, pleasure cruises, restaurants, fine art collections, gift shops, festivals, art shows, museums, theme parks
A large range of shopping experiences including leading retailers, specialty shops, charming boutiques, malls

Crane Creek real estate is situated within Martin Downs Country Club. A gated golf course community, Crane Creek has the finest features needed to make the community as upscale and appealing as possible. However, none of this is forced upon you because membership in the country club is optional.

a spectacular clubhouse
2 championship golf courses
12 tennis courts
2 swimming pools
a fully equipped fitness center

There is also the opportunity to partake in one of the many other conveniences in place at the country club facility. There are a driving range, chipping area, putting green, practice bunker and rental clubs. The Crane Creek real estate in Martin Downs is made up of marvelous and varied homes with something for everyone. The properties involve a wide selection of architectural style and choices from condominiums to estate homes. The parcels also have as much variation with maintenance free lots and large acreage lots. Within minutes from two of Florida’s major thoroughfares, Florida’s Turnpike and I-95, the location of Crane Creek real estate removes the hassle from commuting. In addition to all of these amenities recent business dealings in the Crane Creek real estate area may bring one more amenity. There is talk of an equestrian facility being placed on site within Martin Downs Country Club. In this part of Florida there is fishing, golf and horses. An equestrian facility would bring horse shows and an increase in revenue for locally owned businesses. Come take a look at all of the extras and all of the expected in this community. Furthermore, contact us today so we can put our knowledgeable and professional expertise to work for you as you look into becoming part of the Crane Creek real estate undertaking.

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Crane Creek in Martin Downs July 2015 Housing Market Update

Stuart FL 34996 Condo Market Report June 2015

07.14.15 by Gabe Sanders

Stuart FL 34996 Condo Market Report June 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for June 2015

For June 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 102 active condo listings (Down by 1 condos last month).

28 Condo sales are pending and awaiting close or lender approval (Decreased by 11 condos from May).

26 Condos Sold in June (Decreased by 7 condos from May)

The Stuart FL 34996 Condo Market continued to be very active through June. We are seeing a small slowdown of the activity level in this very hot segment of the Stuart FL condo market. Though, we remain in a sellers market. I anticipate some more easing as we go into the summer and fall months.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 3.9 months from May’s 3.1 months. Still a strong sellers market but soon to turn as we go into the summer months. A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for June 2014 were: 139 active listings, 33 pending sales and 17 closed sales. Considerably stronger activity this year even though there’s a significant decrease in inventory as compared to last year.

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Stuart FL 34996 Condo Market Report June 2015

Sewalls Point Single Family Market Report June 2015

07.10.15 by Gabe Sanders

Sewalls Point Single Family Market Report June 2015

Sewalls Point Real Estate Snapshot, Residential Sales for June 2015

There are currently 61 active listings (Decreased by 8 homes since last month)

15 home sales are pending and awaiting close or lender approval (Up by 3 homes from May)

3 Homes sold in June (Unchanged from May)

The Sewalls Point single family homes market continues to face slow sales activity even as the surrounding areas are seeing some very strong growth. There is some good news with the increased pending activity which will hopefully translate to more closed sales in the near future.

The current absorption rate decreased slightly to 20.3 months, in May it was 23 months. Lots of room for improvement. A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to June of 2014, the inventory was 53 homes on the market, 11 pending sales and there were 5 closed sales. We have better pending activity this year, though not as good with closed activity.

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Port St Lucie Key West Style Home Under Contract

06.15.15 by Gabe Sanders

Port St Lucie Key West Style Home Under Contract

Sorry you missed it. This Port St Lucie 4 BR Key West Style home is under contract and all contingencies have been removed.

Port St Lucie has been ranked as one of the cleanest, safest and fastest-growing cities in the United States . With that in mind, traditional neighborhoods are a popular choice in Port St. Lucie real estate. Ideal for growing families, traditional neighborhoods are made up of single-family homes—free-standing structures that share no walls with other homes. Port St. Lucie’s neighborhoods are conveniently located, with a large selection of restaurants, schools, banking, healthcare services, shopping and entertainment opportunities nearby.

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Port St Lucie Key West Style Home Under Contract

Stuart FL 34996 Condo Market Report May 2015

06.14.15 by Gabe Sanders

Stuart FL 34996 Condo Market Report May 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for May 2015

For May 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 103 active condo listings (Down by 7 condos last month).

39 Condo sales are pending and awaiting close or lender approval (Decreased by 16 condos from April).

33 Condos Sold in May (Increased by 10 condos from April)

The Stuart FL 34996 Condo Market continued to be very active through May. Pending sales were off a bit, which is not unexpected as we head into the summer months. Typically a slower time for condo sales on the Treasure Coast.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 3.1 months from April’s 4.8 months . Still a strong sellers market but soon to turn as we go into the summer months. A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for May 2014 were: 145 active listings, 35 pending sales and 26 closed sales. Considerably stronger activity this year even though there’s a significant decrease in inventory as compared to last year.

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Stuart FL 34996 Condo Market Report May 2015

Sewalls Point Single Family Market Report May 2015

06.10.15 by Gabe Sanders

Sewalls Point Single Family Market Report May 2015

Sewalls Point Real Estate Snapshot, Residential Sales for May 2015

There are currently 69 active listings (Decreased by 10 homes since last month)

12 home sales are pending and awaiting close or lender approval (Up by 1 homes from April)

3 Homes sold in May (Decreased by 3 homes from April)

The Sewalls Point single family homes market continues to face slow sales activity even as the surrounding areas are seeing some very strong growth. The inventory declined for the month and there are some good pending numbers, but closed sales were off for May.

The current absorption rate increased to 23 months, in April it was 13.2 months. Lots of room for improvement. A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to May of 2014, the inventory was 58 homes on the market, 14 pending sales and there were 5 closed sales. Better activity for Sewalls Point last year.

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June 2015 Market Report for The Soundings

06.10.15 by Gabe Sanders

June 2015 Market Report for The Soundings Yacht and Tennis Club

For June 2015 there are currently 8 active listings in the Soundings Yacht and Tennis Club in Hobe Sound, FL. List prices range from $395,000 to $725,000 with an average list price of $563,300 which equals $235.58 per square foot of living area.

There are no homes currently under contract in the Soundings.

In the past 12 months 9 homes have sold in the Soundings. Sales prices ranged from a low of $320,000 to a high of $779,000 for an average sales price of $545,388 or $228.26per sq. ft. of living area. The average days on marker was 167 days and sales averaged 93% of listing price.

Conveniently located only minutes from beautiful Jupiter Island Beach, June 2015 Market Report The Soundings Yacht and Tennis Club, Florida is an active planned community bordering both sides of Gomez Avenue in Hobe Sound. There are a total of 153 home sites in the Soundings with only 2 vacant lots unbuilt at last count.

On the East side of Gomez, the Soundings homes are mostly waterfront with deep water docks accessing the Intracoastal waterway. A small marina with additional docks deeded to a few select homes that do not have waterfront locations. In addition, there is a boat ramp as well as trailer storage for those wishing to keep their boats in dry storage. In addition, there’s a large community pool, tennis courts and an active fully equipped club house.

Homes in the Soundings Yacht and Tennis Club range from spacious estate homes with Intracoastal views to smaller cottages that are perfect for the occasional seasonal resident or those not requiring large homes but want easy access to the water.

More information about the Soundings Yacht and Tennis Club can be found on their community website.

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June 2015 Market Report The Soundings Yacht and Tennis Club

June 2015 Market Report River Marina Stuart

06.09.15 by Gabe Sanders

June 2015 Market Report River Marina Stuart

Here’s the latest update for the River Marina Community of Stuart FL:

For June of 2015, there are currently 6 active listings (2 homes and 4 townhouses) on the market at prices of $172,500 to $349,000 for an average listing price of $215,330 which equals $123.45 per square ft. of living area.

There are 6 homes under contract awaiting settlement (3 homes and 3 townhouses) with list prices from $179,900 to $344,900 at an average list price of $244,471 which equals $122.73 per sq. ft. of living area.

In the past 12 months, 15 homes have sold (5 homes and 10 townhouses) with sales prices from $145,000 to $370,000 at an average sale price of $220,116 or per square foot of $119.72. The average days on market was 45 days and sales were at 96% of list price.

River Marina is a newer community consisting of 84 single family homes built from 2006 to 2008 ranging in size from 3 BR, 1600 sq. ft. homes to 5 BR homes with 3,380 sq. ft of living area. 14 of these homes are waterfront with Ocean access through the South Fork of the Saint Lucie River. The single family homes in River Marina are in a gated enclave.

Also available are newer townhomes in a non-gated area. Currently only about 47 townhomes have been built with plans for a total of approximately 220 units. Both 2 and 3 Bedroom townhomes are available with 1627 sq. ft. of living area and a 1 car garage. There’s a community pool and easy access to recreational areas.

June 2015 Market Report River Marina Stuart

River Marina Homes and Townhomes for Sale

Stuart, Florida Real Estate presented for your consideration by:
the Gabe Sanders real estate team

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