830 SW 31st Street Palm City Homes for Sale Reduced
| Overview Maps Photos Description RE Show |
|
Nearby properties for sale |
830 SW 31st Street Palm City Homes for Sale Reduced
03.04.14 by
Pinecrest Lakes Homes For Sale Under Contract
02.26.14 by
Pinecrest Lakes Homes For Sale Under Contract
2944 NE Loquat Lane in Pinecrest Lakes of Jensen Beach is under contract courtesy of the BlueWater Realty team of Stuart.
One of a Kind – Gorgeous Family Home in Pinecrest Lakes. 4 bedrooms, 3 full baths, 2 car garage. Home has been lovingly cared for by the original owners. Kitchen has been fully updated with granite counters and new appliances. Large, private pool area with back yard backing up to a lake. Highly rated Jensen Beach Schools are all nearby. Large half acre lot with so many beautiful trees, including the nicest mango tree in Pinecrest Lakes.
Pinecrest Lakes in Jensen Beach, Florida was first developed in the late 70’s and early 80’s during a time when the Martin County Commissioners were notoriously stringent and restrictive about new developments in the area. Consequently this community has a distinctive feel and flavor. All homes are on at least a 1/2 acre lot with many on larger 1 to 2 acre lots. None of the homes are identical and all types of construction and paint schemes are allowed.
Pinecrest Lakes is located in Martin County’s “A” rated school district. The local public elementary school, Jensen Beach Elementary School, is less than a mile away, within easy walking and biking distance for students. Students also attend Stuart Middle School in Stuart and Jensen Beach High School located approximately 1 mile northwest of the community on NE Jensen Beach Boulevard.
Search for all Pinecrest Lakes Homes for Sale
Jensen Beach Florida Real Estate is presented by:
the Gabe Sanders BlueWatre realty team
Pinecrest Lakes Homes For Sale Under Contract
Coming Soon Conquistador Condo for Sale in Stuart FL
02.17.14 by
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code January 2014
02.14.14 by
Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code January 2014
Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for January 2014
For January 2014 in the 34996 Zip Code area of Stuart, Florida :
There are currently 171 active condo listings (Down by 2 condos from last month).
49 Condo sales are pending and awaiting close or lender approval (Increased by 20 condos from December).
15 Condos Sold in January (Down by 6 condos from December)
For the Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code January 2014, a little bit of mixed results to start the year. One of our few areas with a continued decrease in inventory, but this could be a result of the big jump in pending sales which took 49 condos off the active rolls. Closed sales were down by 6 condos which is disappointing.
The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 11.4 months from December’s 8.2. Still a buyers market for January 2014. A balanced market is considered to occur when the absorption rate is from 6 to 7 months.
The numbers for January 2012 were: 218 active listings, 54 pending sales and 13 closed sales. Inventory levels are still below those of 2013, yet the market activity is considerably better.
Search here for Stuart Florida Real Estate for Sale ( Condos)
Stuart Florida Real Estate presented by:
Gabe Sanders
Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code January 2014
Affordable Jensen Beach Home for Sale Just Listed
02.11.14 by
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sewalls Point Homes for Sale and Sold Report January 2014
02.10.14 by
Sewalls Point Homes for Sale and Sold Report January 2014
Sewalls Point Real Estate Snapshot, Residential Sales for January 2014
There are currently 54 active listings (an increase of 11 homes for sale from December)
4 Residential sales are pending and awaiting close or lender approval (Down by 4 homes from last month)
12 Homes sold in December (Up by 4 homes from December)
Mostly a strong start for the Sewalls Point market activity to begin 2014. Up to 9 closed sales for January, which is a nice increase. There was also a nice jump in available homes for sale this month. The only negative was a decrease in pending sales, which will most likely result in a smaller number of closed sales in February.
The absorption rate decreased to 6 months compared to last months 8.6 months. Now a balanced market in Sewalls Point. 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 January 2013, the inventory was 49 homes on the market, 7 pending sales and there were 2 closed sales. As in many of our other area, we are beginning to see increased inventory. Also, better closed sales as there is more homes to choose from.
Sewalls Point Florida Real Estate presented by:
the Gabe Sanders real estate team
Sewalls Point, FL Real Estate
Rental Properties
Vacant Land Properties
- Vacant Land Properties for Sale in Sewalls Point, Florida Between $0 – $500,000
- Vacant Land Properties for Sale in Sewalls Point, Florida Between $500,000 – $1,000,000
- Vacant Land Properties for Sale in Sewalls Point, Florida Between $1,500,000 – $2,000,000
- Vacant Land Properties for Sale in Sewalls Point, Florida Between $2,000,000 – $2,500,000
Residential Properties
- Residential Properties for Sale in Sewalls Point, Florida Between $0 – $500,000
- Residential Properties for Sale in Sewalls Point, Florida Between $500,000 – $1,000,000
- Residential Properties for Sale in Sewalls Point, Florida Between $1,000,000 – $1,500,000
- Residential Properties for Sale in Sewalls Point, Florida Between $1,500,000 – $2,000,000
- Residential Properties for Sale in Sewalls Point, Florida Between $2,000,000 – $2,500,000
- Residential Properties for Sale in Sewalls Point, Florida Between $3,500,000 – $4,000,000
Sewalls Point Homes for Sale and Sold Report January 2014
February 2014 Market Update for Fairwinds Cove Condos in Jensen Beach
02.07.14 by
February 2014 Market Update for Fairwinds Cove Condos in Jensen Beach
Fairwinds Cove Condos in Jensen Beach, FL., Market Update for February 2014:
There are currently 5 active listings on the market ranging in price from $155,000 to $198,000 for an average of $156.18 per square ft. of living area. None of these sales are distressed properties (short sales, foreclosures and/or bank owned).
There are no condos under contract at this time.
In the past 12 months, 11 condos have sold ranging in sales prices from $112,000 to $205,000 with an average price per square foot of $137.17 and a list to sales price ratio of 93%. There were 3 bank owned foreclosures in these sales.
Aerial View of Fairwinds Cove
Entrance to Fairwinds Cove
Located in beautiful Jensen Beach, Florida on the East side of the Jensen Beach Causeway is Fairwinds Cove. A waterfront condo complex of 10 four story buildings with only 4 suites per floor. Many of these condos with wonderful sweeping views of the Indian River (the Intracoastal Waterway that runs through Martin County).
Pool at Fairwinds Cove
Docks of Fairwinds Cove
This condo complex built in multiple phases from 1974 to 1983 boasts two swimming pools, tennis courts, shuffleboard, waterside walking paths, a recently refurbished clubhouse with full kitchen, meeting room, fitness room, billiards and more. Fairwinds Cove also has deeded docks with great access to fishing, water sports and only a few minutes to the crystal clear waters of the Atlantic Ocean.
Fairwinds Cove
Fairwinds Cove is a non-age restricted community that allows one small pet. There is a strong sense of community with many long time seasonal and full time residents. Located within an easy walk to the beach and just a short drive to charming downtown Jensen Beach as well as the many amenities offered in Martin County, Florida.
Fitness Room of Fairwinds Cove
Search for Fairwinds Cove Condos in Jensen Beach
Jensen Beach Real Estate is presented by:
the Gabe Sanders real estate team
February 2014 Market Update for Fairwinds Cove Condos in Jensen Beach
February 2014 Market Report for the Maritimes Condos and Townhomes Condos on Hutchinson Island
02.06.14 by
February 2014 Market Report for the Maritimes Condos and Townhomes Condos on Hutchinson Island
As of February 2014, there are 4 condos on the market in the Maritimes Condos and Townhomes on Hutchinson Island in Stuart FL. Listing prices range from $210,000 to $499,000 with an average list price of $199.68 per sq. ft. of living area. None of these condos are distressed sales. (No foreclosure, bank owned or short sales.)
No current the Maritimes Condos and Townhomes listings are pending (under contract” at this time).
There have been 3 condos sold in the past 12 months in the Maritimes Condos and Townhomes. The sales prices ranged from $295,000 to $525,000 for an average of $271.52 per sq. ft. of living area and these sales were at 95% of the listing prices.
Entrance to the Maritimes
Beach Access at the Maritimes
The Maritimes is one of the prime ocean to river communities on South Hutchinson Island in Stuart, FL. Offering larger than normal homes on both the river and Oceanside settings. The riverside (or Maritimes West has a lovely private sand beach with kayak storage for those not wishing to play in the surf or for those days when the it’s a bit windy on the beach side. The Oceanside (Maritimes East) has private beach access as well as a heated pool when you’re finished frolicking in the crystal clear waters of the Atlantic Ocean.
Docks of the Maritimes
Views from the Maritimes
The Maritimes condos were constructed between 1975 and 1988. With the oceanfront units being built first. Living square footage range from just under 1300 sq. ft. 2 Bedroom condos to over 2100 sq. ft .condos and townhouses with 3 Bedrooms plus dens and a garage.
Kayak Storage at the Maritimes
River views from the Maritimes
Tennis Court of the Maritimes
Hutchinson Island Real Estate is presented by:
the Gabe Sanders real estate team
February 2014 Market report for the Maritimes Condos and Townhomes Condos on Hutchinson Island
Martin County Condo Sales Report December 2013
02.05.14 by
Martin County Condo Sales Report December 2013
Commentary:
The Martin County Florida Condo Sales report for December 2013 ended the year with some modestly positive gains. Closed sales for December were up to 69 units as compared to 54 for December of 2012 and 47 for last month. The median price made a big jump to $165,000 as compared to last year’s $100,950 and last month’s $125,000. Inventory decreased for the first time in three months, and we continue to have fewer condos available for sale as compared to 2012.
The one month absorption rate dropped to 8.07 months from last months 11.91 months, while the three-month average is now at 9.73 months (compared to last year’s 12.06). The condo market for Martin County continues to be a buyers market though the numbers continue to improve. Generally an absorption rate of 6 or 7 months is considered a balanced market.
Considering that December is typically a weak month for the condo market, we did very well for the close of 2013.
Click on the charts for a larger view:
Absorption rate for Martin County Condo Sales Report December 2013
The Definition of Absorption Rate:
Number of months it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate, helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. Absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.
Volume graph for Martin County Condo Sales Report December 2013
Price graph for Martin County Condo Sales Report December 2013
Trend for Martin County Condo Sales Report December 2013
Data compiled from the Realtor Association of Martin County
Martin County Condo Sales Report December 2013
the Gabe Sanders real estate team
Condo 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:
February 2014 Market report for Suntide Condos on Hutchinson Island
02.05.14 by
February 2014 Market report for Suntide Condos on Hutchinson Island
As of February 2014, there are 4 condos on the market in Suntide on Hutchinson Island in Stuart FL. Listing prices range from $195,000 to $289,000 with an average list price of $167.04 per sq. ft. of living area. None of these condos are distressed sales. (No foreclosure, bank owned or short sales.)
No current Suntide listings are pending (under contract” at this time.
There have been 3 condos sold in the past 12 months in Suntide. The sales prices ranged from $170,000 to $275,000 for an average of $147.46 per sq. ft. of living area.
Pool for Suntide Condos
Sun Deck of Suntide Condos
Located on Hutchinson Island in uncrowded and unspoiled Martin County, the Suntide Building is one of the premier ocean front condos in Stuart, Florida. Boasting truly fine amenities with a protected pool, private beach access and hard to find under building protected parking. There’s a full clubhouse with a fitness center, pool table, card room, library, full kitchen and reading room.
Beach access for Suntide Condos
Suntide has all two bedroom, two bath condos that come in four different configurations and sizes. The largest of these feature an office, sitting room than can possibly double as an extra bedroom. Many units have direct and unspoiled ocean views. One of the best run associations in Stuart, this fine complex is always a desirable destination for those who have made it their permanent residence as well as those who enjoy it as a vacation get away.
Entrance to Suntide Condos
Fitness Room in Suntide Condos
Search for Suntide Condos on Hutchinson Island
Hutchinson Island Real Estate is presented by:
the Gabe Sanders real estate team
February 2014 Market report for Suntide Condos on Hutchinson Island
Waterfront Indian River Drive Home Sold
02.01.14 by
Waterfront Indian River Drive Home Sold
12647 Indian River Drive, a nicely updated Waterfront Indian River Drive Home, Sold on January 24, 2014 by the Gabe Sanders BlueWater realty team. Since the new owners will be retiring to this home in a few years, it will soon be available for a yearly lease. Please call or continue watching this site for details to be published soon.
Enjoy beautiful views of the Indian River from your home or the observation deck on the water. 3 bedroom/ 2 bath home with tile, stainless steel appliances, granite, pantry, screen porch, plantation shutters, high elevation, over 1/3 acre of land close to downtown Jensen Beach.
Search for all Indian River Drive Homes for Sale
View Our Featured Listings!
Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team
Search for nearby properties for sale below:
Waterfront Indian River Drive Home Sold
Martin Downs Country Club Home Sold
01.21.14 by
Martin Downs Country Club Home Sold
Sorry, but you waited to long to make an offer on this Martin Downs Country Club Home for Sale. 4144 SW Osprey Creek Way in the Martin Down Country Club has now sold. The sales price was $170,000.
Rarely on the market. 2 bedroom plus den/office or possible 3 bedroom, 2 bathroom, 1 car garage home in Martin Downs Country Club. Private rear paver patio that’s perfect for entertaining. Large kitchen with breakfast area, separate dining, Florida and living rooms.
Martin Downs is a guard gated community that offers memberships for golf, tennis and social. Two large pools, workout room, Tiki Sports Bar and Main Dining Room. A rated schools, Public Parks, Dining, Entertainment, Boating, Fishing, Horseback Riding and other activities just minutes away. Live the country club lifestyle at an affordable price.
Search for available homes in the Martin Downs area of Palm City, FL
Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team
Martin Downs Country Club Home Sold
Updated Rocky Point Pool Home for Sale
01.13.14 by
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code December 2013
01.11.14 by
Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code December 2013
Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for December 2013
For December 2013 in the 34996 Zip Code area of Stuart, Florida :
There are currently 173 active condo listings (Down by 5 condos from last month).
29 Condo sales are pending and awaiting close or lender approval (Decreased by 6 condos from November).
21 Condos Sold in December (Up by 4 condos from November) 
Like many of the other areas in Martin County, closed sales rose, inventory decreased and pending sales were off, in the real estate market in the Stuart Florida Market Report ZIP Code 34996 for Condos for December 2013.
The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 8.2 months from November’s 10.5. Still a buyers market for December of 2013, but approaching a balanced one. A balanced market is considered to occur when the absorption rate is from 6 to 7 months.
The numbers for December 2012 were: 216 active listings, 29 pending sales and 14 closed sales. Considerably improved numbers from year to year.
Please use the charts below as reference only as they rely on all residential types of property in the 34996 real estate market: 
Search here for Stuart Florida Real Estate for Sale ( Condos)
Stuart Florida Real Estate presented by:
Gabe Sanders
Stuart Florida Condos for Sale and Sold Report 34996 ZIP Code December 2013
Sewalls Point Homes for Sale and Sold Report December 2013
01.07.14 by
Sewalls Point Homes for Sale and Sold Report December 2013
Sewalls Point Real Estate Snapshot, Residential Sales for December 2013
There are currently 43 active listings (a decrease of 3 homes for sale from November)
8 Residential sales are pending and awaiting close or lender approval (Up 1 home from last month)
5 Homes sold in November (Up by 4 homes from November) 
After a disappointing November, the Sewalls Point market activity rebounded a bit for December 2013 to end the year fairly well. Back to 5 closed sales for December. The inventory decreased again and pending sales had a slight increase.
The absorption rate decreased to 8.6 to months compared to last months 46 months. Still a slight buyers’ 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 December of 2012, the inventory was 36 homes on the market, 8 pending sales and there were 6 closed sales. Interestingly we have a higher inventory this year and 1 less sale. Still better numbers than last month.
Please use the charts below as reference only as they rely on all residential types of property in the Sewalls Point real estate market:
Search here for Sewalls Point Florida Real Estate for Sale
Sewalls Point Florida Real Estate presented by:
the Gabe Sanders real estate team
Sewalls Point, FL Real Estate
Rental Properties
Vacant Land Properties
- Vacant Land Properties for Sale in Sewalls Point, Florida Between $0 – $500,000
- Vacant Land Properties for Sale in Sewalls Point, Florida Between $500,000 – $1,000,000
- Vacant Land Properties for Sale in Sewalls Point, Florida Between $1,000,000 – $1,500,000
- Vacant Land Properties for Sale in Sewalls Point, Florida Between $1,500,000 – $2,000,000
- Vacant Land Properties for Sale in Sewalls Point, Florida Between $2,000,000 – $2,500,000
Residential Properties
- Residential Properties for Sale in Sewalls Point, Florida Between $0 – $500,000
- Residential Properties for Sale in Sewalls Point, Florida Between $500,000 – $1,000,000
- Residential Properties for Sale in Sewalls Point, Florida Between $1,000,000 – $1,500,000
- Residential Properties for Sale in Sewalls Point, Florida Between $1,500,000 – $2,000,000
- Residential Properties for Sale in Sewalls Point, Florida Between $2,000,000 – $2,500,000
- Residential Properties for Sale in Sewalls Point, Florida Between $3,500,000 – $4,000,000
Sewalls Point Homes for Sale and Sold Report December 2013
Martin County Condo Sales Report for November 2013
01.02.14 by
Martin County Condo Sales Report for November 2013
Commentary:
The Martin County Florida Condo Sales report for November 2013 showed some weakness, much like the Martin County Homes sales report. Closed sales for November were unchanged from November of 2012 and were lower than last month. The median price rose respectably from last month and was unchanged from last year. Inventory rose for the third month in a row, yet still fewer condos available for sale from last year.
The one month absorption rate increased to 11.91 months from last months 9.93 months, while the three-month average is now at 10.57 months. The condo market for Martin County continues to be a buyers market. Generally an absorption rate of 6 or 7 months is considered a balanced market.
Weakness for the condo market is not that unusual for this time of the year. The coming season should prove interesting as this segment has been fairly flat for the past few years, even though the numbers have risen somewhat.
Click on the charts for a larger view:
The Definition of Absorption Rate:
Number of months it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate, helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. Absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.
Data compiled from the Realtor Association of Martin County
Martin County Condo Sales Report for November 2013
the Gabe Sanders real estate team
Condo 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 FL Home with Dock and Guest Apartment
12.30.13 by
Stuart FL Home with Dock and Guest Apartment
Deeded ocean access dock for 35′ boat included. Detached guest apartment with kitchen. All of this can be yours for $579,000. Motivated seller requests that you make an offer.
Enjoy living in your Key West / Victorian style home in the gated community of Snug Harbor West. Snug Harbor West is a waterfront community with a dock on the St Lucie River. The community also has tennis, pool and riverfront clubhouse.
Main house has living room with gas fireplace and bay windows, large kitchen with gas stove, stainless steel appliances, granite, separate dining room, master bedroom has sitting area, large master bath with huge walk-in closet. A sunny, brick patio in the back to enjoy outdoor living. The oversize 2 car garage has an apartment above that can be used by teenagers/returning college graduates/in-laws. Snug Harbor West is located in the heart of Stuart and is close to beaches, restaurants, grocery, library, hospital.
Search for Stuart Homes with Docks
Palm City Florida Real Estate presented by:
the Gabe Sanders BlueWater Realty team
Stuart FL Home with Dock and Guest Apartment
Stuart Florida Market Report ZIP Code 34996 Condo November 2013
12.15.13 by
Stuart Florida Market Report ZIP Code 34996 Condo November 2013
Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for November 2013
For November 2013 in the 34996 Zip Code area of Stuart, Florida :
There are currently 178 active condo listings (Up by 7 condos from last month).
35 Condo sales are pending and awaiting close or lender approval (Increased by 3 condos from October).
17 Condos Sold in November (Down by 5 condos from October) 
Mostly small changes for the real estate market in the Stuart Florida Market Report ZIP Code 34996 for Condos for November 2013. Sales were down, while pending sales rose. The inventory rose some this month gaining back some of the loss of inventory from last month.
The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo increased to 10.5 months from October’s 7.8. A strong buyers market for November of 2013. A balanced market is considered to occur when the absorption rate is 6 months.
The numbers for November 2012 were: 209 active listings, 26 pending sales and 12 closed sales. Still, considerably better activity this year when compared to 2012.
Please use the charts below as reference only as they rely on all residential types of property in the 34996 real estate market: 
Search here for Stuart Florida Real Estate for Sale ( Condos)
Stuart Florida Real Estate presented by:
Gabe Sanders
Stuart Florida Market Report ZIP Code 34996 Condo November 2013
Sewalls Point Residential Market Report November 2013
12.11.13 by
Sewalls Point Residential Market Report November 2013
Sewalls Point Real Estate Snapshot, Residential Sales for November 2013
There are currently 46 active listings (a decrease of 1 home for sale from October)
7 Residential sales are pending and awaiting close or lender approval (No change from last month)
1 Homes sold in October (Down by 4 homes from October) 
The November Sewalls Point residential market activity was a bit disappointing. Only 1 closed sale for November. Inventory decreased by 1 home and pending sales were also low at 7 homes (unchanged from last month). Hopefully, this is a result of the slower holiday time period and not an indication of future market activity.
The absorption rate skyrocketed to 46 months compared to last months 9.4 months. A serious buyers’ market. A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.
Comparing the results to November of 2012, the inventory was 41 homes on the market, 10 pending sales and there were 8 closed sales. Not a good sign as last years’ activity was considerably better than 2013.
Please use the charts below as reference only as they rely on all residential types of property in the Sewalls Point real estate market:
Search here for Sewalls Point Florida Real Estate for Sale
Sewalls Point, FL Real Estate
Rental Properties
- Rental Properties for Rent in Sewalls Point, Florida Between $0 – $500,000
Vacant Land Properties
- Vacant Land Properties for Sale in Sewalls Point, Florida Between $0 – $500,000
- Vacant Land Properties for Sale in Sewalls Point, Florida Between $500,000 – $1,000,000
- Vacant Land Properties for Sale in Sewalls Point, Florida Between $1,000,000 – $1,500,000
- Vacant Land Properties for Sale in Sewalls Point, Florida Between $1,500,000 – $2,000,000
- Vacant Land Properties for Sale in Sewalls Point, Florida Between $2,000,000 – $2,500,000
Residential Properties
- Residential Properties for Sale in Sewalls Point, Florida Between $0 – $500,000
- Residential Properties for Sale in Sewalls Point, Florida Between $500,000 – $1,000,000
- Residential Properties for Sale in Sewalls Point, Florida Between $1,000,000 – $1,500,000
- Residential Properties for Sale in Sewalls Point, Florida Between $1,500,000 – $2,000,000
- Residential Properties for Sale in Sewalls Point, Florida Between $2,000,000 – $2,500,000
- Residential Properties for Sale in Sewalls Point, Florida Between $3,500,000 – $4,000,000
Rental Properties
Vacant Land Properties
Residential Properties
Sewalls Point Florida Real Estate presented by:
the Gabe Sanders real estate team
Sewalls Point Market Report – Residential, November 2013
Martin County Florida Condo Market Report for October 2013
12.10.13 by
Martin County Florida Condo Market Report for October 2013
Commentary:
The Martin County Florida Condo Market for October 2013 showed better numbers than in previous years on a year to year comparison. Still a bit slower than we would like. Inventory increased this month to 546 units (the second month in a row with gains). It was back in 2005 when we had steady inventory levels below 600 units. The median sales price decreased significantly in October to one of the lowest numbers in years. This value is more a result of the mix of sales for October which were mostly in the lower price ranges, rather than a decrease in values. Currently, prices on average appear to be holding steady with different communities showing some small gains (as well as some losses) depending on the individual community.
The one month absorption rate decreased to 9.93 months from last months 10.04 months, while the three-month average is now at 9.81 months. The condo market for Martin County continues to be a buyers market. Generally an absorption rate of 6 or 7 months is considered a balanced market.
Potential higher interest rates remain troubling for the market in general, but is not as strong an issue for our condo market as we have a fairly high percentage of cash buyers. Though, uncertainty with the economy is a big factor for vacation buyers potentially using their discretionary spending for these purchases.
Click on the charts for a larger view:
The Definition of Absorption Rate:
Number of months it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate, helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. Absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.
Data compiled from the Realtor Association of Martin County
Martin County Florida Condo Market Report for October 2013
the Gabe Sanders real estate team
Condo 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: