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Sewalls Point Residential Market Report October 2012

11.07.12 by Gabe Sanders

Sewalls Point Residential Market Report October 2012

Sewalls Point Real Estate Snapshot, Residential Sales for October 2012

There are currently 47 active listings (a decrease of 3 home for sale from September)

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17 Residential sales are pending and awaiting close or lender approval (a decrease of 3 homes from September)

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7 Homes sold in September (Up 4 from September)

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Strong activity for the Sewalls Point market report for October 2012. A very good month for sales with 7 closings. Pending sales were off slightly (by 3 homes) while the inventory is now down to 47 homes. This is quite low for Sewalls Point.

The absorption rate now stands at 6.7 months. This is an indication of a balanced market favoring neither seller or buyer.

Comparing the results to October of 2011, the inventory was at 43 homes homes on the market last year, pending sales numbered only 14 homes, and there was only 1 sale.

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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, October 2012

Home in the Villas of Emerald Lakes Just Listed

11.06.12 by Gabe Sanders

Home in the Villas of Emerald Lakes Just Listed

An excellent opportunity in one of Stuart’s premier communities! 4301 SE Scotland Cay Way is now available for sale.

Move in to this charming 3 Bedroom, 2 Bath with 2 car garage tomorrow. Spacious open plan with eat in kitchen and split bedrooms. Solid CBS construction with barrel tile roof and accordion hurricane shutters throughout. Cul-de-sac location with quiet and private yard. Screened patio. This gated community features community pools, tennis courts and beautiful emerald lakes. Located close to shopping, restaurants, medical facilities and the marinas of Manatee pocket in Stuart. Easy access to I-95 for commuters as well. 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.

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Home in the Villas of Emerald Lakes Just Listed

The Archipelago of Sewalls Point

11.04.12 by Gabe Sanders

The Archipelago of Sewalls Point

Currently (November 2012) in the Archipelago there are two homes on the market.
One home is under contract and awaiting resolution of contingencies.
In the past 12 months, 1 home sold for $599,000 ($250. per sq. ft. of living area)

Located in the prestigious town of Sewalls Point, Florida the Archipelago is a non gated neighborhood of all waterfront homes with access to the crystal clear waters of the Atlantic Ocean through the Saint Lucie Inlet in Martin County, Florida. All the homes in the Archipelago are on either the wide waters of the Indian River or located on deep water canals. The Saint Lucie Inlet to the Atlantic is less than two miles away by water. Access is maintained by dredging all Archipelago waterways to 6’. Homes range from modest older frame homes, to spectacular estate lots with magnificent views.

The link below will take you to all currently available Archipelago homes in Sewalls Point, Florida

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The Archipelago of Sewalls Point

Martin County Florida Condo Market Report for September 2012

10.31.12 by Gabe Sanders

Martin County Florida Condo Market Report for September 2012

Commentary:

The Martin County Florida Condo Market for September 2012 was fairly slow. Though this is typical for our seasonal condo market, we were hoping for a little better activity. Sales for September were down to 39 units from 46 in August. Just about identical to September 2011 which had 40 sales. The inventory was down by 10 units and is basically holding steady as last year at this time it was 623 condos available for sale. I would not be surprised to see more inventory growth as we get into the upcoming fall and winter condo season. The median sales price took a big jump in September as some fairly high priced condos were sold last month. (Up to $159,000 from just $97,000 for August)

The one month absorption rate is up to 14.6 months, while the three-month average is at 12.1 months. Still a very challenging market for sellers with the accompanying quite attractive opportunities for buyers. We need to see a sustained absorption rate below 9 months for a healthy market and down to 6 or 7 months to be considered a balanced one.

Currently, the condo market is under-performing as compared to our residential market and the condo markets of our southern neighbors. I do expect this trend to stop as buyers realize the bargains currently available in the Martin County condo market.

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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.

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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 September 2012

Stuart Florida Real Estate

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

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Price Reduced Ocean Front Condo in Sandpebble

10.27.12 by Gabe Sanders

Price Reduced Ocean Front Condo in Sandpebble

This Sandpebble Ocean Front Condo on Hutchinson Island at 2571 NE Ocean Blvd. Suite 102 is now offered for $345,000

Spacious second level ocean front condo with sweeping ocean views on Stuart’s Hutchinson Island. Tastefully updated with granite counter tops, upgraded cabinets, stainless refrigerator and microwave and tile throughout. Breakfast bar and dining nook in the kitchen. Elevator in building. Extra storage also included. One small pet is allowed. The Sandpebble condominium complex has 5 swimming pools, ocean to river access, a community marina with slips for rent (check availability), tennis courts and club house. Very conveniently located close to shopping, great schools and a short drive or bike rode to either the Stuart or Jensen Beach Causeways. A great opportunity for either year round living or the perfect Florida vacation home. Rentals allowed.

On the beautiful and unspoiled portion of South Hutchinson Island lies one of the best kept secrets in Martin County. Located on a pristine 37 acres that reaches from the Atlantic Ocean to the Indian River (Intracoastal Waterway).

Sandpebble Condos consist of 3 Ocean Front Buildings and 7 River Front buildings. A total of 5 heated pools (3 river side and 2 ocean side), along with deep water docks for 66 vessels. Docks are available to residents only on a first come first served basis and are available for lease at a very reasonable $1.50 per foot per month.

On the spacious grounds there is plenty of green space for outdoor activities, two hard court tennis courts and a fully equipped club house with kitchen and on-site management. Both Oceanside and riverside sections are gated for secured entry only. Residents have the use of both the river and Oceanside sections regardless of the location of their own units.

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Price Reduced Ocean Front Condo in Sandpebble

Estate Home in Willoughby Golf Club Price Reduced

10.24.12 by Gabe Sanders

Estate Home in Willoughby Golf Club Price Reduced

4585 SE Waterford Drive in the Willoughby Golf Club, Stuart, Florida

Loaded with extras. Now reduced to $685,000

Enjoy living in this custom built 3 possible 4 bedroom 4 bath home loaded with top of the line upgrades in prestigious Willoughby Golf Club. Arthur Lee designed golf course. The kitchen is equipped with top of the line appliances including dual temperature controlled wine cooler, gas cook top, custom cabinets featuring pull out corner cabinets, spice tray, pantry drawer, granite counter tops, sliding pocket doors that open up the lanai. The patio area of this home overlooks a scenic lake and features a heated pool/spa, fully equipped summer kitchen with covered bar, great for entertaining. Family room has built-in entertainment center with Bose Surround Sound. Living room has a wet bar and gas fireplace. Home also has generator and accordian shutters.

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Search for All Palm Cove Golf and Yacht Club Homes for Sale

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Estate Home in Willoughby Golf Club Price Reduced

Palm Cove Golf and Yacht Club Price Reduction

10.23.12 by Gabe Sanders

Palm Cove Golf and Yacht Club Price Reduction

210 SW Hatteras Court has been reduced to $634,000

When only the best will do. Beautiful home in Palm Cove has it all.

Expansive 3400 sq ft floor plan. 3 bedrooms, 3 full baths. Private office. Gorgeous marble floors. Upgraded cabinets, granite counter tops, stainless appliances in the gourmet kitchen. Butlers pantry w/wine refrigerator. Large family room with expansive windows and golf course view. Luxurious master suite with sitting area, two over sized walk-in closets, plantation shutters. Master bath has dual sinks, granite counts, tub, shower, linen closet. Entertaining is a breeze on the expansive lanai area with summer kitchen, expanded heated pool. Screened porch to catch the river breeze. Three car garage. Community marina, (slips available), riverfront clubhouse, non-equity golf course

The Palm Cove Golf and Yacht Club in Palm City Florida includes 206 residences, ranging from spacious condos with garages to townhomes, fairway homes to multimillion dollar waterfront homes on the shores of the north fork of the wide Saint Lucie River.

This magnificent community boasts a championship Chi Chi Rodrigues designed golf course. Memberships are available to both residents and non-residents and membership is not mandatory. In addition to golf, boaters enjoy a 93 slip deep water marina with docks available for over 50’ vessels.

There’s a magnificent club house located riverside by the marina. Residents enjoy 24 hour security from the manned gated entrance. The Palm Cove Golf and yacht Club is separated into two main sections. Fairway homes are on the south side of Mapp Road with the entrance across the main entrance to palm Cove and is controlled by remote from the main security gate.

In the main section, are the estate homes, town-homes at Island creek as well as the condos at ‘the Links’. Homes range from 1500 sq. ft. town-homes with 2 bedrooms, 2 bathrooms and 2 car garages all the way up to 6,000 sq. ft. plus waterfront residences with 5 bedrooms, office, 6 and ½ bathrooms and 3 car garages. Home owner (HOA) fees vary from section to section. The estate homes run approximately $450 per month, while in the fairways section they are around $550 per month, but include landscaping. For a complete list of fees, please give us a call.

Palm Cove families enjoy a quiet secluded lifestyle yet are close to shopping, restaurants and the beaches of Martin County. Children attend an ‘A’ rated Martin County school system to the following schools: Bessey Creek elementary, Hidden Oaks middle and Martin County High.

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Palm Cove Golf and Yacht Club Price Reduction

Spacious Key West Style Stuart Pool Home Just Listed

10.22.12 by Gabe Sanders

Spacious Key West Style Stuart Pool Home Just Listed

An excellent opportunity in one of Stuart’s premier locations! 227 SE Pelican Drive is now available for sale.

Stunning Key West Style 2 story pool home located in the perfect Stuart neighborhood. Just one block from the Saint Lucie River, and close to the beaches and downtown. This home has 2,930 sq ft under air (see attached floor plan for correct sq. ft) with large 2 car garage. 4 bedrooms, 3 full baths and half cabana bath. Two full master suites on the second level and a large bonus room. Bonus room is used as billiards room – pool table and small fridge included in the sale. Updated eat in kitchen open to family room with gas fireplace. Separate dining room and formal living room. French doors lead out to a tropical oasis with heated pool/spa area, retractable Sunbrella awning and outdoor speakers. This is the perfect family home! Must see to appreciate!

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Spacious Key West Style Stuart Pool Home Just Listed

Stuart Florida Market Report ZIP Code 34996 – Condo, September 2012

10.16.12 by Gabe Sanders

Stuart Florida Market Report ZIP Code 34996 – Condo, September 2012

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for September 2012

For September 2012 in the 34996 Zip Code area of Stuart, Florida :

There are currently 198 active condo listings (Up 8 from last month).

28 Condo sales are pending and awaiting close or lender approval (an increase of 9 condos from August).

8 Condos Sold in September (Down 4 from August)

The Stuart Florida Market Report ZIP Code 34996 for Condos showed its first increase in inventory in some time. Future sales (pending listings) took a nice jump up to 28 condos while sales were off to only 8 sold condos. Not an unexpected number considering we are in the off season for condo sales.

The current absorption rate for the Stuart Florida Market Report ZIP Code 34996 – Condo is just under 24 months. Not a very good number for sellers, but a great opportunity for buyers. I expect this absorption rate to decrease in the coming months if the strong pending numbers hold up.

The numbers for September 2011 were: 188 active listings, 27 pending sales and 18 closed sales. Very similar numbers to the current market.

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Stuart Florida Market Report ZIP Code 34996 – Condo, September 2012

Palm Cove Golf and Yacht Club Open House

10.15.12 by Gabe Sanders

Palm Cove Golf and Yacht Club Open House

Come and join us on the Realtor Association of Martin County open house at 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 Tuesday October 16 from 9:30 a.m. to 12 Noon.

This Palm Cove Golf and Yacht Club Custom Home at 209 SW Hatteras Court is listed for $535,000

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. The oversized 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

Palm Cove Golf and Yacht Club Town Home Open House

10.14.12 by Gabe Sanders

Palm Cove Golf and Yacht Club Town Home Open House

Come and join us on the Realtor Association of Martin County open house at this Palm Cove Golf and Yacht Club Town Home in this prestigious Palm City, Florida Golf and Yachting community. The open house will be on Tuesday October 16 from 9:30 a.m. to 12 Noon.

A wonderful Palm City town home featuring 3 spacious bedrooms (with two master suites — one up one down — with water views), loft area which can easily be converted into a 4th bedroom, 3 and ½ bathrooms and a 2 car garage. The kitchen, with granite counters, has a breakfast bar and roomy pantry. The second floor master has a balcony with sweeping preserve and river views. A very spacious home with soaring ceilings in the living area. This Palm Cove residence has access to community docks (check availability) a non-equity professional golf course and a full featured club house with community pool. HOA fees include Storm and Property Insurance and security. Conveniently located close to shopping, restaurants and Florida’s Turnpike.

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Palm Cove Golf and Yacht Club Town Home Just Listed

Sewalls Point Residential Market Report September 2012

10.10.12 by Gabe Sanders

Sewalls Point Residential Market Report September 2012

Sewalls Point Real Estate Snapshot, Residential Sales for September 2012

There are currently 50 active listings (a decrease of 7 home for sale from August)

20 Residential sales are pending and awaiting close or lender approval (an increase of 4 homes from August)

3 Homes sold in August (Unchanged from August)

Surprisingly, the Sewalls Point market report for September 2012 showed a small increase in activity during a seasonally slow time by historical standards.. Sales remained steady at three homes but the homes under contract rose to 20 units, which should translate to higher fall sales and the inventory decreased to 50 homes, which is fairly low at this time for Sewalls Point.

Comparing the results to September of 2011, the inventory was at 53 homes homes on the market last year, pending sales numbered only 9 homes, and there were 4 sales from $287,000 to $4,325,000. This years sales were between $530,000 to $1,670,000. Better

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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, September 2012

Pool Home in Port Saint Lucie Sold

10.07.12 by Gabe Sanders

Pool Home in Port Saint Lucie Sold

5946 NW Thyer Circle a spacious pool home in Port Saint Lucie sold to happy new owners down from the mid-west.

This house is a must see with four spacious bedrooms, 2 bathrooms, 2 car garage, and large kitchen with all appliances. The house is not the only thing that is a must see though, relax outside in your own private pool with a gorgeous view of the preserves. This home is nothing shy of move in ready. See this home today to start making memories in it tomorrow.

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Pool Home in Port Saint Lucie Sold

Palm Cove Golf and Yacht Club Town Home Just Listed

10.02.12 by Gabe Sanders

Palm Cove Golf and Yacht Club Town Home Just Listed

A Palm Cove Golf and Yacht Club Town Home in this prestigious Palm City, Florida Golf and Yachting community.

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Palm Cove Golf and Yacht Club Town Home Just Listed

Martin County Florida Condo Market Report for August 2012

09.29.12 by Gabe Sanders

Martin County Florida Condo Market Report for August 2012

Commentary:

The Martin County Florida Condo Market for August 2012 is showing signs of our typical summer slowdown. Sales for August were down to 46 units from 57 in July. Though this is still slightly better than August of 2011 which had 43 sales. The inventory was up by 7 units and is basically holding steady as last year at this time it was 618 condos available for sale. I would not be surprised to see more inventory growth as we get into the upcoming fall and winter condo season. Both average and median sales prices were off again for August reflecting a continued pressure on pricing in the local condo market. Also, the mix of sales has been in the lower price ranges, as the more expensive, typically ocean front condos tend to have better sales in the winter and spring season..

The one month absorption rate is up to 12.6 months, while the three-month average is at 10.4 months. Still a very challenging market for sellers with the accompanying quite attractive opportunities for buyers. We need to see a sustained absorption rate below 9 months for a healthy market and down to 6 or 7 months to be considered a balanced one.

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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 August 2012

Stuart Florida Real Estate

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:

Palm Cove Golf and Yacht Club Open House

09.25.12 by Gabe Sanders

Palm Cove Golf and Yacht Club Open House

Join us on September 30, from 1 to 4 P.M. for this Palm Cove Golf and Yacht Club Open House at 210 SW Hatteras Court

When only the best will do. Beautiful home in Palm Cove has it all.

Expansive 3400 sq ft floor plan. 3 bedrooms, 3 full baths. Private office. Gorgeous marble floors. Upgraded cabinets, granite counter tops ,stainless appliances in the gourmet kitchen. Butlers pantry w/wine refrigerator. Large family room with expansive windows and golf course view. Luxurious master suite with sitting area, two over sized walk-in closets, plantation shutters. Master bath has dual sinks, granite counts, tub, shower, linen closet. Entertaining is a breeze on the expansive lanai area with summer kitchen, expanded heated pool. Screened porch to catch the river breeze. Three car garage. Community marina, (slips available), riverfront clubhouse, non-equity golf course

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Palm Cove Golf and Yacht Club Open House

Palm Cove Golf and Yacht Club Custom Home

09.21.12 by Gabe Sanders

Palm Cove Golf and Yacht Club Custom Home

This Palm Cove Golf and Yacht Club Custom Home was just listed at 209 SW Hatteras Court

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 Custom Home

Coming Soon: Palm Cove Golf and Yacht Club Town Home

09.16.12 by Gabe Sanders

Coming Soon: Palm Cove Golf and Yacht Club Town Home

Soon to be on the market, a river front town home in the Palm Cove Golf and yacht Club. A spacious 3 Bedroom 3.5 Bathroom town home with 2,750 square feet of living area and a 2 car attached garage. Featuring a spacious loft area, soaring high ceilings and two master suites. One upstairs and one down. Coming Soon: Palm Cove Golf and Yacht Club town home!

The MLS listing is scheduled to be active next week. This unique offering is now available for showings. Please call the Gabe Sanders real estate team at 772-323-6996 to schedule an appointment.