Palm Cove Golf and Yacht Club Estate Home – New Price

This is a short sale and we have a previous lender approval. A quick closing is a strong possibility. Please call Gabe Sanders for details.

Absolutely fantastic opportunity for the buyer with a vision and desire to live in the prestigious Palm Cove Golf and Yacht Club community. This spacious pool home located at 209 SW Hatteras Court has now been reduced to $550,000

Spacious Home in Palm Cove with over 3600 sq. ft. of living area.

Live the good life in Palm Cove. Community marina, non-equity golf & river front clubhouse. Outstanding custom home built by McNamara, updated by current owner. Innovative design & attention to detail will captivate you. Large entry hall, formal dining room, wood paneled office/4th bdrm, bath. Open living room w/ wet bar, fireplace, hardwood floors, tray ceiling, recessed lights. French doors to screened pool. covered lanai. Gourmet kitchen w/ stainless appliances, marble counters, pantry, center island. Two guest suites with baths.Over sized master includes large sitting area, tray ceiling, two walk in closets. Elegant marble master bath, double vanities. New roof, gutters, AC. Come and see this very special Palm Cove Golf and Yacht Club home.

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Palm Cove Golf and Yacht Club Estate Home – New Price

Palm Cove Golf and Yacht Club Open House September 22

09.21.13 by Gabe Sanders

Palm Cove Golf and Yacht Club Open House September 22

Come and join us in this Palm Cove Golf and Yacht Club custom pool home in this prestigious Palm City, Florida Golf and Yachting community. The open house will be on Sunday, September 22 from 1 to 4 PM.

This Palm Cove Golf and Yacht Club Custom Home at 209 SW Hatteras Court is listed for $555,000. Ask about our special offer valid during this open house. Available only during the open house for those that attend.

Spacious Home in Palm Cove with over 3600 sq. ft. of living area.

Live the good life in Palm Cove. Community marina, non-equity golf & river front clubhouse. Outstanding custom home built by McNamara, updated by current owner. Innovative design & attention to detail will captivate you. Large entry hall, formal dining room, wood paneled office/4th bdrm, bath. Open living room w/ wet bar, fireplace, hardwood floors, tray ceiling, recessed lights. French doors to screened pool. covered lanai. Gourmet kitchen w/ stainless appliances, marble counters, pantry, center island. Two guest suites with baths. Over sized master includes large sitting area, tray ceiling, two walk in closets. Elegant marble master bath, double vanities. New roof, gutters, AC. Come and see this very special Palm Cove Golf and Yacht Club home.

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Palm Cove Golf and Yacht Club Open House September 22

River Landing September 2013 Market Update Palm City FL

09.19.13 by Gabe Sanders

River Landing September 2013 Market Update Palm City FL

As of September 2013, there are 3 active homes for sale in River Landing. List prices vary from $329,000 to $349,000 with an average of $133.75 per square foot of living area.

There is one home under contract and awaiting settlement. The listing price is $389,900 which equates to $140.20 per sq. ft. of living area.

In the past 12 months, 10 homes have sold in Landing Creek. Sales prices ranged from $214,900 to $350,000 for an average of $108.52 per sq. ft. and a 95% list to sales ratio. These sales included one foreclosure (bank ownerd) home and one short sale.

Entrance to River Landing in Palm City Florida

One of the little known gems of the Treasure Coast, River Landing is home to 96 custom built homes on the shores of the South Fork of the Saint Lucie River. There is currently one vacant lot left in River Landing. Homes in River landing were first built in 1986 and as of this writing the last one was built in 2007. Both one and two story homes on generous sized lots of approximately 1/3 of an acre and some with larger lots. Home sizes range from 3 bedroom homes with under 2,000 sq. ft. of living area up to 5 BR with almost 4,500 sq. ft. of air conditioned space. Low HOA fees of $400 per quarter include basic cable TV services, trash pickup, security gate and maintenance and upkeep of the common areas.

This one of a kind gated community offers child and pet friendly quiet streets and has an ocean access boat ramp as well as RV/Trailer/Boat storage facility, tennis courts and playground.

Homes are surrounded by wetland preserves, lakes and forested areas.

River Landing in palm City Florida Playground

Living in River Landing is like being on vacation year round with its quick access to the St. Lucie River for a great day of fishing on your boat. The homes in River Landing are mostly new with some older updated homes, and mostly spacious with ample space to give you the privacy you want. Palm City is a wonderful town to live in because of its closeness to I-95 and Florida’s Turnpike as well as its “A” rated school system, entertainment and fantastic local restaurants!

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River Landing Homes for Sale in Palm City Florida

River Landing September 2013 Market Update Palm City FL

Stuart Florida Market Report ZIP Code 34996 Condo August 2013

09.17.13 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34996 Condo August 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for August 2013

For August 2013 in the 34996 Zip Code area of Stuart, Florida :

There are currently 178 active condo listings (Up 2 from last month).

22 Condo sales are pending and awaiting close or lender approval (A decrease of 10 condos from July).

13 Condos Sold in August (Down by 3 from July)

The Stuart Florida Market Report ZIP Code 34996 for Condos for August 2013 showed an reduced amount of activity from previous months. Both pending and closed sales were off from July and the inventory remains fairly steady. We are entering our slower season for condo sales and I would not be surprised to see reduced activity continue for the next few months.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo rose to 13.7 months from July’s 11. Continuing as a strong buyers market for August of 2013. A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for August 2012 were: 190 active listings, 19 pending sales and 12 closed sales. Better activity for this year as compared to last, especially when the reduced inventory is considered.

Please use the charts below as reference only as they rely on all residential types of property in the 34996 real estate market:

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Stuart Florida Market Report ZIP Code 34996 Condo August 2013

Sewalls Point Residential Market Report August 2013

09.10.13 by Gabe Sanders

Sewalls Point Residential Market Report August 2013

Sewalls Point Real Estate Snapshot, Residential Sales for August 2013

There are currently 46 active listings (a decrease of 1 home for sale from July)

6 Residential sales are pending and awaiting close or lender approval (Down 1 from last month)

7 Homes sold in July (An increase of 4 homes from July)

A second slower month for the Sewalls Point residential real estate market. For August 2013 sales were up from July, but both pending and active listings were off marginally. This is most likely a reflection of the summer months with slower activity, which is typical for the Martin County FL real estate market.

The absorption rate declined to 6.6 months. Just about a balanced market. A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to August of 2012, the inventory was 57 homes on the market, 16 pending sales and there were 3 closed sales. The lower number of pending sales this year is a sign that for the imediate future, there may not be as many closed sales as in previous years, though this year we did do much better than last year.

Please use the charts below as reference only as they rely on all residential types of property in the Sewalls Point real estate market:

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Sewalls Point, FL Real Estate

Rental Properties

Rental Properties for Rent in Sewalls Point, Florida Between $0 – $500,000

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Sewalls Point Market Report – Residential, August 2013

Conquistador Market Update September 2013

09.08.13 by Gabe Sanders

Conquistador Market Update September 2013

Homes: 3 Active listings ranging in price from $230,000 to $269,300 at an average of $138.88 per sq. ft. of living area.

No homes are under contract at this time.

In the past 12 months, 5 homes have sold in Conquistador Estates with sales prices ranging from $179,000 to $285,000. An average sales price of $119.47 per sq. ft. of living area at 92% list to sales ratio. None of these sales were short sales or foreclosures.

Condos: There are currently 14 condos for sale in Conquistador. Listing prices range from $72,900 to $215,000. The average is $92.50 per sq. ft. of living area. One of these listings is a short sale.

2 Condos are under contract awaiting settlement. List prices are $80,000 and $94,500 for an average of 80.04 per sq. ft. of living area. The lower priced unit is a short sale.

In the past 12 months, 27 condos have sold in Conquistador. Sales prices ranged from $22,500 to $125,000. The average price per sq. ft. was $104.27 at an 88% list to sales ratio. There were 3 foreclosures and no short sales in these sales.

Conquistador is the prime senior location in Stuart Florida. Conquistador Market Update September 2013 are located on the shores of the wide Saint Lucie River and only minutes from the beaches of the Atlantic Ocean as well as being right next door to the Martin County Municipal Golf Course with easy access to shopping, restaurants, medical facilities.

Conquistador is a mix of single family homes (the estates section) and 3 story condominiums. The condominiums have access to their own pool areas as well as barbecue areas or the main club house pool.

This is a very active senior community with an active clubhouse with fitness room, main ballroom, reading library and activities throughout the year. Conquistador is not just a seasonal residence as many owners enjoy the benefits of year round living in fabulous Martin County with all the amenities that this jewel of the Treasure Coast has to offer.

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For any questions you may have about Conquistador Homes and Condos in Stuart, Florida, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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

Conquistador Market Update September 2013

Palm Cove Estate Home Approved Short Sale

09.06.13 by Gabe Sanders

Palm Cove Estate Home Approved Short Sale

Bank has approved this short sale and we can close quickly. Wonderful opportunity for the buyer with a vision and desire to live in the prestigious Palm Cove Golf and Yacht Club community. This spacious pool home located at 209 SW Hatteras Court is offered for $555,000. Please call for bank approved price.

Spacious Home in Palm Cove with over 3600 sq. ft. of living area.

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Palm Cove Estate Home Approved Short Sale

Orchid Bay Palm City FL September 2013 Market Update

09.05.13 by Gabe Sanders

Orchid Bay Palm City FL September 2013 Market Update

There are currently 5 homes available to purchase in Orchid Bay. List prices range from $385,000 to $439,000. The average listing price per sq. ft. of living area is $144.98. One of the available homes is a short sale.

Two homes are under contract and awaiting sales. List prices are $429,900 and $438,500 for an average price of $157.95 per sq. ft. of living area. One of these homes is a short sale.

In the past 12 months, 4 homes have sold in Orchid Bay. Sales prices ranged from $385,000 to $615,000 for an average sold price of $157.89 per sq. ft. of living area. None of these homes were short sales or foreclosures.

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.

Search here for available Orchid Bay Homes for Sale

For any questions you may have about Orchid Bay, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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

Orchid Bay Palm City FL September 2013 Market Update

Rustic Hills Palm City FL September 2013 Market Update

09.04.13 by Gabe Sanders

Rustic Hills Palm City FL September 2013 Market Update

There are currently 4 homes available for sale in Rustic Hills. Listing prices range from $259,900 to $399,900 for an average price per square foot of living area of $159.72. There is one bank owned foreclosure in the listings.

There are no homes under contract awaiting sales at this time.

In the past 12 months, 10 Rustic Hills homes have sold. Sales prices ranged from $150,000 to $530,000 for an average sales price of $130.65 per sq. ft. at a 94% list to sales price ratio. These sales included 5 short sales. (No foreclosures)

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, Palm City’s‘A’ rated schools, 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.

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

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Stuart Florida Real Estate

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

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2884 SW Brighton Way in the Meadows Sold

09.03.13 by Gabe Sanders

2884 SW Brighton Way in the Meadows Sold

2884 SW Brighton Way in the Meadows Sold. Lakefront – Eastern exposure! Desirable & popular “Hampton” model w/over-sized, screened porch. Enjoy the many varieties of birds in this beautiful view. This home has been lovingly maintained with many upgrades & additions. Large tile thru-out, except carpeted bedrooms. Crown moldings, updated kitchen with Quartz counter tops. New showers in baths, glass shelving, Bose speaker system in Family room. 7500 amp generator included. The Meadows offers 24hr. guarded gate, beautiful lake front entry, oak tree-lined streets & extra wide sidewalks.

Very well located, close to shopping, parks and numerous recreation areas. The Meadows belongs to an excellent ‘A’ rated school system. Just a one mile ride to Florida’s Turnpike for an easy trip down to West Palm Beach or up to Orlando.

ABOUT THE MEADOWS:

The Meadows is a guard gated community with round-the-clock security. Residents of the meadows enjoy a large heated swimming pool, a tot pool, children’s playground adjacent to the pool, basket ball, 3 lighted tennis courts, a horseshoe pit and 2 bocce courts. Near the entrance of the Meadows, between the gatehouse and the fountain, is a 2200 square foot recreation center, known as The Meadows House, which also houses the administrative offices of The Meadows Homeowners Association.

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2884 SW Brighton Way in the Meadows Sold

South Fork Estates Market Update for September 2013

09.02.13 by Gabe Sanders

South Fork Estates Market Update for September 2013

There is currently only one home for sale in South Fork Estates. The listing price is $348,500 which equates to $154.96 per sq. ft. of living area.

There are currently no homes under contract, pending a sale in South Fork Estates

In the past 12 months, there have been 8 sales in South Fork Estates. Two of these homes were short sales.. Sales prices ranged from $215,000 to $370,000. The average sales price per square foot of living area was $136.01 at a 96% list to sales ratio.

A unique private community in Stuart, Florida built before land was so expensive that homes had to be placed on top of each other. All home in South Fork Estates are on 1/2 acre or larger lots, many with serene views of two large lakes located within this community. Those homes not on the lakes have private preserve views of the Atlantic Ridge.

There are 114 homes in South Fork Estates. Homes were built from 1992 through as late as 2011. The majority of the homes are in the 1998 through 2005 years. Most homes are either 3 or 4 bedrooms with 2 and 3 car garages, ranging in size from around 2,000 sq. ft. of living area to over 3,500. There are still a few residential lots that are vacant awaiting a home.

This is a close-knit community with a playground as well as a boat and RV storage area. Low Homeowners’ association fees of under $50 per month at the time of this writing.

Children living in South Fork Estates attend Crystal Lake Elementary, David L Anderson Middle and South Fork High Schools.

Located just off Cove Rd. and Kanner Highways, this community is just minutes from I-95 for commuters. Shopping and medical facilities are also close by. And, there are numerous choices for boating access also only a short ride away.

One of the hidden gems of the Stuart area, South Fork Estates id a great community to call home.

Here are the currently available homes for sale in South Fork Estates

South Fork Estates Market Update for September 2013

Martin County Florida Condo Market Report for July 2013

08.27.13 by Gabe Sanders

Martin County Florida Condo Market Report for July 2013

Commentary:

The Martin County Florida Condo Market for July 2013 had minimally better sales than last year (2 condos). On a positive note, the inventory rose to 526 units, making for a better selection for buyers. Though these levels are still low. It was back in 2005 when we had steady inventory levels below 600 units. The median sales price took a nice jump from June (up by $34,000) and is $6,000 higher than last year. Much of the median price results are driven by the mix of units selling. We had a good number of higher end waterfront condos sell in July. And, while prices are not declining any more in the overall market, they also are not making any large increases at this time. Prices remain very sensitive to the community and the available competition.

The one month absorption rate increased to 8.92 months from last months 7.36 months, while the three-month average is now at 7.41 months. We’ve slipped back into a slight buyers market. Generally an absorption rate of 6 or 7 months is considered a balanced market.

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. If the economy continues it’s improvement, I expect another good season for the condo market in Martin County for the upcoming year.

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 July 2013

the Gabe Sanders real estate team

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

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August 2013 Market Update for Martins Crossing

08.25.13 by Gabe Sanders

August 2013 Market Update for Martins Crossing

There are currently 7 homes for sale in Martins Crossing. 4 townhomes (priced from $121,500 to $169,000) and 3 single family homes priced from $199,000 to $289,000. The average price per square foot of living area is $102.80. Of these, one townhome is a short sale and two townhomes are bank owned.

There are nine homes under contract. 3 townhomes and 6 single family. Listing prices ranged from $109,000 to $289,000. This equates to an average of $93.78 per square foot of living area.

In the past twelve months, 49 homes have sold in Martins Crossing. 14 townhomes (sales prices ranged from $97,00 to $154,900) while the 35 homes had prices ranging from 130,000 to $270,000. The overall sales price per square foot was $89.46 at an average list to sales ratio of 96%. There were 13 short sales and 9 foreclosures in these sales.

The number of foreclosures and short sales has drastically declined in Martins Crossing and prices have risen significantly in the past 6 months.

Located in the intimate, yet vibrant, city of Stuart near a variety of fine restaurants, cultural outlets and shopping. August 2013 Market Update 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.

August 2013 Market Update 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.

August 2013 Market Update 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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August 2013 Market Update for Martins Crossing

Palm Cove Golf and Yacht Club Estate Home Under Contract

08.19.13 by Gabe Sanders

Palm Cove Golf and Yacht Club Estate Home Under Contract

Spacious Palm Cove Golf and Yacht Club Estate Home is now under contract. Thanks to the many agents that have shown this home. Hoping for successful negotiations and a little buyer patience as this is a short sale.

Spacious Home in Palm Cove with over 3600 sq. ft. of living area.

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Palm Cove Golf and Yacht Club Estate Home Under Contract

Stuart Florida Market Report ZIP Code 34996 Condo July 2013

08.15.13 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34996 Condo July 2013

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for July 2013

For July 2013 in the 34996 Zip Code area of Stuart, Florida :

There are currently 176 active condo listings (Down 8 from last month).

32 Condo sales are pending and awaiting close or lender approval (An increase of 1 condo from June).

16 Condos Sold in July (Down by 1 from June)

Fairly consistent activity for the Stuart Florida Market Report ZIP Code 34996 for Condos for July 2013. Both pending and closed sales remained steady with only a 1 unit increase and decrease respectively. Another decrease in inventory, which is pretty normal as many condo owners feel that the summer market is not the prime time to sell condos. Though, history has proven this to be quite wrong, as the decreased competition normally results in much greater showing activity and a better chance of a sale.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo rose slightly to 11 months. Still a fairly significant buyers market for July of 2013. A balanced market is considered to occur when the absorption rate is 6 months.

The numbers for July 2012 were: 190 active listings, 17 pending sales and 12 closed sales. Still doing considerably better this year as compared to last.

Please use the charts below as reference only as they rely on all residential types of property in the 34996 real estate market:

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Stuart Florida Market Report ZIP Code 34996 Condo July 2013

Plantation at Sewalls Point August 2013 Market Update

08.13.13 by Gabe Sanders

Plantation at Sewalls Point August 2013 Market Update

As of August 13, 2013 there is one spacious waterfront home listed in the Plantation at Sewalls Point. The list price is $5,850,000 which equals $1,132.62 per square foot of living area.

One home is currently under contract. It was listed for $979,000 (non-waterfront home) for a price per square foot of living area of $195.14.

In the past 12 months, 1 home has sold in the Plantation. It was listed at $950,000 and closed for $890,000 at $199.37 per square foot of living area. This was also a non-waterfront home. None of the listings in the Plantation were distressed sales.

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.

Search here for homes for sale in the Plantation at Sewalls Point, Florida

Plantation at Sewalls Point August 2013 Market Update

Sewalls Point Residential Market Report July 2013

08.11.13 by Gabe Sanders

Sewalls Point Residential Market Report July 2013

Sewalls Point Real Estate Snapshot, Residential Sales for July 2013

There are currently 47 active listings (a decrease of 5 homes for sale from June)

7 Residential sales are pending and awaiting close or lender approval (Down 3 from last month)

3 Homes sold in June (A decrease of 5 homes from June)

The Sewalls Point residential real estate market for July 2013 eased off from the strong gains made in the first half of 2013. The inventory is down again to only 47 homes available for sale and both future (pending) sales as well as closed sales showed decreases from last month. Slower activity during the summer months is not an unexpected event, as we need to look at the trends for the entire year to get a true picture of the local real estate market.

The absorption rate jumped to 15.7 months. A strong 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 July of 2012, the inventory was 56 homes on the market, 14 pending sales and there were 5 closed sales. Unfortunately, this year’s numbers are weaker than July 2012 results.

Please use the charts below as reference only as they rely on all residential types of property in the Sewalls Point real estate market:

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Sewalls Point, FL Real Estate

Rental Properties

Rental Properties for Rent in Sewalls Point, Florida Between $0 – $500,000

Vacant Land Properties

Residential Properties

Sewalls Point Market Report – Residential, July 2013

Martin County Florida Condo Market Report for June 2013

08.06.13 by Gabe Sanders

Martin County Florida Condo Market Report for June 2013

Commentary:

The Martin County Florida Condo Market for June 2013 was strong, though it retreated considerably from the excellent April numbers. 85 condos sold in June (compared to 128 in April). Better numbers, year to year, but not excellent. The inventory of available condos dropped again (fifth month in a row) to only 544 condos. This low number is beginning to effect prices and at long last it appears that condo prices are starting to rise. The median sales price was down compared to April, but this is a reflection of the larger number of lower priced condos that sold this month, rather than decreasing value. Summer is upon us and typically the condo market slows down during the summer months.

The one month absorption rate increased to 6.4 months from last months 4.46 months, while the three-month average is now at 5.71 months. Basically a balanced market for the time being. Generally an absorption rate of 6 or 7 months is considered a balanced market.

The low inventory rates and rising interest rates are troubling and could possibly have a negative effect on the condo market recovery.

Data compiled from the Realtor Association of Martin County

See the full set of charts at Treasure Coast FL Homes

Martin County Florida Condo Market Report for June 2013

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

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Lighthouse Point and Seagate Harbor 2013 Market Update

08.05.13 by Gabe Sanders

Lighthouse Point and Seagate Harbor August 2013 Market Update

There are currently 15 homes on the market in Lighthouse Point and Seagate Harbor in Palm City, FL. From a low price of $379,900 to a high of $1,125,000 with an average asking price of $565.160 at $256.72 per square foot of living area. There is one bank owned foreclosure and no short sales in the active listings.

There are 5 homes under contract. The listing prices on these pending homes range from a low of $250,000 to a high of $626,000, for an average list price of $347,200 at $199.55 per square foot of living area. 3 of these 5 pending sales are short sales. No foreclosures.

17 homes have sold in Lighthouse Point and Seagate Harbor in the past 12 months. Sale prices were from $219,900 to $1,250,000 with an average sales price of $383,652 or $194.82 per square foot of living area. 2 of these sales were bank owned foreclosures and 2 were short sales.

A boater’s and sailor’s Delight in an affordable waterfront niche community with deep water dockage! Nature and families are the focus in this desirable community characterized by beautiful homes, parks, nearby golf, restaurants, shopping, and A Rated schools!

Almost every home has waterfront dockage available in an intricate network of deep water canals. Some select homes with wide views of the Saint Lucie River. A community boat ramp is also available. Everything a boater would want!

Search for available homes in Lighthouse Point and Seagate Harbor

Lighthouse Point and Seagate Harbor August 2013 Market Update

Highlands Reserve July 2013 Market Update

07.22.13 by Gabe Sanders

Highlands Reserve July 2013 Market Update

There are currently 14 homes actively listed in Highlands Reserve for December, 2012 in Palm City, Florida. Prices range from $269,000 to $1,466,500. The average list price is $538,859 at $152.57 per square foot of living area.

There are 11 homes under contract awaiting closing. One short sale and one bank owned home. The average list price is $390.386 at $119.64 per square foot of living area.

In the past 12 months, 24 homes have sold in Highlands Reserve with an average sales price of $341,414 at $121.86 per square foot of living area. Actual sales prices ranged from $257,050 to $439,990. Two short sales and 1 bank owned property were in these sales.

Highlands Reserve July 2013 Market Update is the newest upscale community in this section of MartinCounty. Enter the magnificent gates and surround yourself with the well appointed amenities of the clubhouse and natural beauty of this community. Included are paths into winding nature trails will offer dramatic views of surrounding natural preserves and serene lakes.

Located only seconds from I-95 and within minutes of shopping, beaches and the laid back easy lifestyle of Martin County. Perfect for the family with an ‘A’ rated school system. Only 30 minutes to West Palm Beach and 2 hours to Orlando.

Low HOA fees of $275.00 per month include landscaping and irrigation as well as the security gate, use of the full service clubhouse with large pool and state of the art fitness center. Lounge and kitchen for private parties and occasions.

Give us a call for the full line of exceptional new homes available in Highland Reserve in Palm City, FL.

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