Galleon Bay September 2016 Market Report

09.19.16 by

Galleon Bay September 2016 Market Report

There are no homes currently for sale in the Galleon Bay community of Hutchinson Island in Stuart FL.

There are no homes under contract in the Galleon Bay community.

In the past 12 months, 1 homes has sold.  The sales price was $1,965,000 which equals $365.65 per sq. ft. of living area.  This home was on the market for 238 days before going under contract and sold for 87% of the last list price.

About Galleon Bay on Hutchinson Island:

Galleon Bay on Hutchinson Island is an exclusive gated oceanfront community just north of the Stuart Causeway.  Very well located close to shopping as well as easy access to downtown Stuart. There are only 15 possible residences in this exclusive upscale community.

All the home sites in Galleon Bay are spacious and allow for stunning estate homes.  Lot sizes vary from just under 1 acre to over 1 and ¼ acres.  There are still vacant lots in Galleon Bay waiting for a home to be built.

Of the current homes in Galleon Bay, the smallest is over 5,000 sq. ft. of living area with 4 bedrooms and 5 bathrooms and the largest has more than 10,000 sq. ft. with 6 bedrooms and 9 bathrooms.

For those wanting to ultimate in privacy and luxury, yet still be close to all the wonderful amenities available to Martin County residents on the Treasure Coast of FL, Galleon Bay may be the perfect location for you.

As of February 2016 the monthly HOA fees were $458.00

Check here for any possible homes for sale in Galleon Bay

Check here for any possible land for sale in Galleon Bay

Stuart FL 34997 Residential Market Report August 2016

09.18.16 by

Stuart FL 34997 Residential Market Report August 2016

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for August 2016

There are currently 297 active listings (Decreased by 2 homes from July).

Stuart FL 34997 Residential Market Report August 2016

146 Residential sales are pending and awaiting close or lender approval (Down by 13 homes from July).

Stuart FL 34997 Residential Market Report August 2016

78 Homes Sold in August (Decreased by 8 homes from July)

Stuart FL 34997 Residential Market Report August 2016

      The Stuart Florida Residential Market for ZIP Code 34997 is the largest segment of the Stuart FL residential real estate market and remains very active.  Though, the pace has moderated a bit from last year as well as previous months.  Interestingly, the inventory of available homes is significantly higher than it was last year.
     The absorption rate increased slightly to 3.8 months (was 3.5 months for July).  Still a strong sellers’ market for the 34997 zip code area of Stuart FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2015 numbers for August, were: 247 active listings, 174 pending listings and 79 closed sales.  Our inventory is considerably larger this year, but our pending and closed sales are less than last year indicating a somewhat slower market, but this is still a strong market.
Stuart FL 34997 Residential Market Report August 2016

Search here for 34997 Zip Code of Stuart FL real estate for sale

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Stuart FL 34997 Residential Market Report August 2016

Quail Meadow September 2016 Market Report

09.18.16 by

Quail Meadow September 2016 Market Report

There is only one townhome currently available for purchase in Quail Meadow in the Martin Downs community of Palm City FL.  This homes is available for $194,900 which is $117.84 per sq. ft. of living area.

There are 4 homes under contract.  List prices range from $169,900 up to $228,500 for an average list price of $187,025 or $120.25 per sq. ft. of living area.  These homes averaged 34 days on the market before going under contract.

In the past 12 months, 7 homes have sold.  Sales prices were from $127,500 up to $185,000 for an average sales price of $156,000 which works out to $108.05 per sq. ft. of living area.  These townhomes averaged 93 days on market before going under contract and sold for an average of 95% of the last list price.

About Quail Meadow in Martin Downs

Located in the beautiful Martin Downs Country Club, Quail Meadow consists of 84 townhome/villas in 14 buildings with 6 attached units in each building.  Quail Meadow was completed in 1983 and represents its own subdivision within the Martin Downs Country Club.  Many of these homes enjoy beautiful lake and golf course views.

entrance to Quail Meadow in Martin Downs

All of these homes have a 1 car garage and some are single story villas while others are two story style townhouses.   Sizes range from 3 bedroom, 3 bathroom homes with 1,654 sq. ft. of living area down to 2 bedroom, 2 bathroom villas with 1,331 sq. ft.

front view of Quail Meadow in Martin Downs

The HOA fee is $308 per month and this includes a 24 manned security gate and security patrols, management fees, basic cable TV, common areas and exterior maintenance.   This is a pet friendly community allowing up to two medium sized pets per unit.  Rentals are also permitted with some restrictions as to frequency and duration.

Pond in Quail Meadow in Martin Downs

Residents of Quail Meadow have the option of joining the golf club in Martin Downs as well as the Martin Downs sports complex.  Or, they are free to just enjoy the great location which is very close to Florida’s Turnpike and I-95 and shopping, restaurants, professional offices and medical facilities.

views from Quail Meadow in Martin Downs

Click here to see if any Quail Meadow homes are available for sale

Quail Meadow September 2016 Market Report

Stuart FL 34996 Condo Market Report August 2016

09.17.16 by

Stuart FL 34996 Condo Market Report August 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for August 2016

For August 2016 in the 34996 Zip Code area of Stuart, Florida :

There are currently 120 active condo listings (Down by 2 condos last month).

Stuart FL 34996 Condo Market Report August 2016

33 Condo sales are pending and awaiting close or lender approval (Unchanged from July).

Stuart FL 34996 Condo Market Report August 2016

16 Condos Sold in August (Unchanged from July) 

Stuart FL 34996 Condo Market Report August 2016

The Stuart FL 34996 Condo Market of Stuart continues showing some weakness.  There was no change in sales or pending sales from last month with only a minor drop in inventory.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 inched down slightly to 7.4 months from July’s 7.5 months.  Continuing a second month of being sellers’ market for this segment of Stuart FL condos.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for August 2015 were: 78 active listings, 53 pending sales and 20 closed sales.  A significant increase in available condos for sale as compared to last August while also having considerably less closed and pending sales.

Stuart FL 34996 Condo Market Report August 2016

Search Stuart FL Condos by Price Below:

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Stuart FL 34996 Condo Market Report August 2016

Southwood September 2016 Market Report

09.17.16 by

Southwood September 2016 Market Report

For September 2016 there are 3 homes for sale in the Southwood community of Stuart, FL.  These homes are priced from $379,900 up to $444,900 for an average list price of $404,600 which equals $182.14 per sq. ft. of living area.

There is 1 home under contract which was listed for $315,000 or $159.25 per sq. ft. of living area.  This home was on the market for 135 days before going under contract.

In the past 12 months, 4 homes have sold in the Southwood subdivision of Stuart.  The sales prices ranged from $255,000 up to $324,000 for an average sales price of $290,000 which works out to $152.02 per sq. ft. of living area.  These homes went under contract in an average of 26 days and sold for 99% of the last list price.

About Southwood in Stuart, FL:

Southwood is a small community of 115 home sites located just south east of Salerno Rd on Kanner Highway in Stuart FL.  This location makes it easy for anyone wishing to commute either north or south as it’s only a few minutes to I-95.  It is also close to the Publix shopping center at the intersection of Kanner Highway and Salerno Rd and also just minutes to Martin Memorial South Hospital.  Only about 10 to 15 minutes to downtown Stuart and just slightly longer to the beaches and waterways of Martin County.

Entrance to Southwood of Stuart FL

Children in Southwood attend Pinewood Elementary, David L. Anderson Middle and Martin County High Schools.  All great schools.  Click on the above links for more information about each school.

One enters the Southwood subdivision through a long private drive.  Currently this community is not gated, yet offers the utmost in privacy and safety.  The homes were built from 1990 to 2001 and are all individual styles from various builders.  This is not a cookie cutter community.  Home sizes range from 3 bedroom, 2 bathroom homes with 2 car garages of just under 1,700 square feet of living area of to 4 bedroom, 3 bathroom homes of just under 3,000 sq. ft.

pond in Southwood of Stuart FL

There are a number of ponds and creeks throughout Southwood and this community is mostly surrounded by either preserve lands or acreage.  There is no community pool or clubhouse so the HOA fees are a very reasonable $285 a quarter as of this writing and include trash and basic cable TV.  Though there are some magnificent nature trails through thepreserve areas.

creek in Southwood of Stuart FL

Southwood is a gem of a neighborhood and is little known to many Martin County residents.  There is very low turnover in this community so, if you’re interested let us know and we can put you on a listing alert notification for this community.

Click here to see if any Southwood Homes are currently available

Southwood September 2016 Market Report

Stuart FL 34996 Residential Market Report August 2016

09.16.16 by

Stuart FL 34996 Residential Market Report August 2016

 Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for August 2016

For August 2016 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 144 active listings (Down by 7 homes from July).

Stuart FL 34996 Residential Market Report August 2016

32 Residential sales are pending and awaiting close or lender approval (Up by 5 homes from July).

Stuart FL 34996 Residential Market Report August 2016

12 Homes Sold in August (Decreased by 12 homes from July).

Stuart FL 34996 Residential Market Report August 2016

The 34996 zip code area of the Stuart Florida residential real estate market showed decreasing sales activity for the month of August.  Pending sales did increase slightly, so hopefully closed sales will make a comeback in the coming months.

The one month absorption rate for the 34996 zip code area of Stuart Florida for August increased to 12 months as compared to July’s 6.3 months.  Moved into a buyers’ market for the 34996 zip code area of Stuart FL.  A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for August of 2015 were: 139 active listings, 32 pending sales and 14 closed sales.  Similar results as compared to August of last year with a slightly higher inventory of available Stuart homes for sale.

Stuart FL 34996 Residential Market Report August 2016

 Search here for real estate in the 34996 Zip Code of Stuart FL

Stuart Florida Real Estate presented by:

the Gabe Sanders real estate team

Stuart FL 34996 Residential Market Report August 2016

Hammock Creek September 2016 Market Report

09.16.16 by

Hammock Creek September 2016 Market Report

There are currently 11 homes actively listed in Hammock Creek in Palm City, Florida.  Prices range from $375,000 to $699,900.  The average list price is $529,527 at $162.86 per square foot of living area.

There are 7 homes currently under contract awaiting closing.  The list prices range from $353,750 to $649,000 at an average list price is $464,664 which is equal to $165.80 per square foot of living area.  These homes averaged 118 days from list date to being under contract.

In the past 12 months, 28 homes have sold in Hammock Creek.  Sales prices ranged from $319,000 to $640,000 with an average sales price of $466,913 or $155.03 per square foot of living area.  These homes went under contract in an average of 53 days and sold for 97% of list price.

Hammock Creek is a lovely gated upscale neighborhood consisting of three separate sections, The Sanctuary, The Preserve, and The Estates. The community is centered around the Hammock Creek Golf Course, a Jack Nicklaus designed course. Homes in Hammock Creek consist of one and two stories with square footage ranging from 2000 to over 5000 square feet and prices starting in the low 300’s.Most of the homes sit on generous lots with a view of either the lake, preserve, or golf course.

There are wide paver sidewalks ideal for families who enjoy biking, walking, and jogging. Close to fine shopping, nice restaurants, immediate access to I-95 and the turnpike, and A Rated Palm City schools makes Hammock Creek one of Martin County’s premier neighborhoods.

Low HOA fees ranging from approximately $260 to $390 per month depending on which section one resides .

Depending on which section of Hammock Creek you are in HOA fees run from $285 to $485 per quarter.   The ‘A’ rated Martin County schools that children from Hammock Creek attend are the Palm City elementary, Hidden Oaks middle and Martin County high schools.

Here are the currently available homes in Hammock Creek September 2016 Market Report

For any questions you may have about Hammock Creek September 2016 Market Report, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

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Hammock Creek September 2016 Market Report

Stuart FL 34994 Condo Market Report August 2016

09.15.16 by

Stuart FL 34994 Condo Market Report August 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for August 2016

For August 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 89 active condo listings (Up by 15 condos from July).

Stuart FL 34994 Condo Market Report August 2016

32 Condo sales are pending and awaiting close or lender approval. (Increased by 3 condos from last month) 

Stuart FL 34994 Condo Market Report August 2016

16 Condos Sold in August (Up by 6 condos from July).

Stuart FL 34994 Condo Market Report August 2016

The Stuart FL 34994 Condo market showed a nice bounce back from a slow July as both pending and closed sales saw an increase.

The absorption rate for August decreased to 5.6 months compared to last month’s 7.4.  Once again back into a sellers’ market for this condo segment of Stuart’s 34994 zip code area.  This is somewhat surprising as condo sales often slow down during the summer months.  Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months.  Meaning neither the buyers or sellers have an advantage in the real estate market.

Last August the numbers were 76 active listings, 27 pending sales, and 14 closed sales.   Somewhat greater activity for August of 2016 with a slightly higher inventory as well.

Stuart FL 34994 Condo Market Report August 2016

Search for Stuart FL Condos by Price Below:

Stuart Florida Real Estate presented by:
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Stuart Florida Market Report ZIP Code 34994 – Condo, August 2016

Stuart Florida Market Report ZIP Code 34994 Residential August 2016

09.14.16 by

Stuart Florida Market Report ZIP Code 34994 Residential August 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for August 2016

For August, 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 64 active listings (Down by 6 homes from July)

Stuart Florida Market Report ZIP Code 34994 Residential August 2016

25 Residential sales are pending and awaiting close or lender approval (Decreased by 8 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential August 2016

13 Homes Sold in July (Down by 5 homes from July)

Stuart Florida Market Report ZIP Code 34994 Residential August 2016

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida eased off slightly for July while still remaining a strong market. Though the inventory is up slightly from last year, it is still low by historic standards.

The one month absorption rate for the 34994 zip code for August increased to 4.9 months from 3.9 months for July.  Still in a sellers’ market for the 34994 zip code area of Stuart, FL.  A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The August 2014 numbers were 52 Active Listings, 21 pending sales and 9 closed sales.   Much the same as happened last year with a decrease in activity from July to August but this year still had better activity than last.

Stuart Florida Market Report ZIP Code 34994 Residential August 2016

Search here for Stuart Florida Real Estate for Sale

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Stuart Florida Market Report ZIP Code 34994 Residential August 2016

Plantation at Sewalls Point September 2016 Market Report

09.14.16 by

Plantation at Sewalls Point September 2016 Market Report

For September 2016 there are 3 homes available for sale in the Plantation at Sewalls Point.  List prices range from $1,350,000 to $3,795,000 for an average list price of $1,525,000 which equals $445.33 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 3 sales in the Plantation at Sewalls Point.  Sales prices ranged from $975,000 to $5,450,000 for an average sales price of $2,618,333 which works out to $335.23 per sq. ft. of living area.  These homes averaged 245 days on market before going under contract and sold for an average of 89% of the final list price.

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 September 2016 Market Report

Sewalls Point Single Family Market Report August 2016

09.13.16 by

Sewalls Point Single Family Market Report August 2016

Sewalls Point Real Estate Snapshot, Residential Sales for August 2016

There are currently 66 active listings (Down by 3 homes since last month)

Sewalls Point Single Family Market Report August 2016

14 home sales are pending and awaiting close or lender approval (Increased by 3 homes from July)

Sewalls Point Single Family Market Report August 2016

6 Homes sold in August (Increased by 4 home sales from July)

Sewalls Point Single Family Market Report August 2016

The single family real estate market in Sewalls Point for August rebounded from last month’s slow closed sales activity.  Pending sales also rose a little while the inventory of available homes for sale is up from last year but down slightly from last month.

The current absorption rate dropped to 11 months, in July it was 34.5 months.  Still a sellers market, but a large improvement from July’s numbers.  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 59 homes on the market, 16 pending sales and there were 3 closed sales.  Better closed sales for this year, but we also have a greater number of available homes for sale.

Sewalls Point Single Family Market Report August 2016

 Search below for Sewalls Point Florida Real Estate for Sale

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Sewalls Point Single Family Market Report August 2016

 

Oak Ridge September 2016 Market Report

09.12.16 by

Oak Ridge September 2016 Market Report

There are currently 4 homes available for sale in Oak Ridge in Palm City, FL.  The list prices range from $389,000 to $479,500 for an average of $437,075 which is $178.14 per sq. ft. of living area.

There are 2 homes under contract and awaiting settlement.  The list prices are $439,900 and $454,500 for an average list price of  $447,200 or $174.21 per sq. ft. of living area.  These two homes were on the market for an average of only 9 days before going under contract.

10 homes have sold in Oak Ridge in the past 12 months.  Sale prices ranged from $270,000 to $432,000.  The average sold price was $376,660 which equals $165.10 per sq. ft. of living area.  These homes went under contract in an average of 51 days and sold for 95% of list price.

Located in a quiet tranquil corner of Palm City Florida, the Oak Ridge community of 224 homes is conveniently located close to top rated schools, shopping, I-95 and Florida’s Turnpike, golf courses, cultural activities, parks and beaches. Linked with tree lined streets and cul-de-sacs, homes are located on preserves or water front on lakes or ocean access canals. Enhanced private homesites within a traditional community setting. The gated neighborhood of Oak Ridge offers a 2000 sq. ft. club house, pool, two lighted tennis courts and a deep water ocean access boat ramp. Each house is ideally situated on a lake or preserve property.

There is a mandatory Home Owners Association with reasonable quarterly dues which cover Basic Cable TV, Landscaping and Maintenance of all Common Areas, Gate Maintenance, Property Manager & Reserve Funds.

Residents of Oak Ridge are in the Martin County School system and currently the assigned schools are Bessey Creek Elementary, Hidden Oaks Middle and Martin County High School.

Only minutes to Pendarvis Cove Park on the shores of the Saint Lucie River. Additional boat ramp and trailer parking and home of the sailing club.

Other close by amenities include lots of great shopping, easy access to Florida’s Turnpike and I-95. Only 15 minutes to the shores of the Atlantic Ocean. Give us a call if you’d like additional information about this wonderful Palm City community.

The Top 8 FAQ’s About PMI

09.08.16 by

The Top 8 FAQ’s About PMI

What is PMI? Private mortgage insurance protects the lender if you stop making mortgage payments.

  1. What are the different types?
    Mortgage insurance premiums (MIP) for government loans.
    Private mortgage insurance (PMI) for conventional loans.
  2. Who needs PMI? FHA borrowers and anyone putting down less than 20%.
  3. How much does it cost? Your rate will depend on you credit score, the amount of down payment and the insurer. A typical premium ranges from $30-$70/month for every $100k borrowed.
  4. When do I pay PMI premiums?  Monthly with mortgage payments or as a lump sum at closing.
  5. Why do I need a policy? To buy a home without waiting to save 20% for a down payment.
  6. How long do I needs PMI? Until you have a 20% equity stake in the property for a conventional loan. Forever for an FHA loan.
  7. Can I avoid paying PMI?  Yes. By putting down 20% or more, or ask your lender about portfolio loans that do not require PMI.
  8. When does mortgage insurance “fall off” the loan? It doesn’t. You have to contact your lender. Once 20% equity has been built, you can request to cancel PMI.

To help shed some light on the world of Private Mortgage Insurance, we’ve created this helpful infographic to break down the most frequently asked questions about PMI.

PMI-FAQs

Re-posted courtesy of Gateless

Bay Tree on Hutchinson Island September 2016 Market Report

09.08.16 by

Bay Tree on Hutchinson Island September 2016 Market Report

There are currently 3 active listings in Bay Tree on Hutchinson Island in Jensen Beach.  List prices range from $390,000 to $475,000 for an average list price of $431,333 which equals $167.14 per sq. ft. of living area.

There are no homes in Bay Tree currently under contract.

In the past 12 months, 2 homes have sold in Bay Tree.  Sales prices were $275,000 and $300,000 for an average of $287,500 and $146.19 per sq. ft. of living area.  These homes sold for an average of 90% of list price and were under contract within an average of 5 days on the market.

Bay Tree on Hutchinson Island

Directly across from the beautiful beaches of the Atlantic Ocean, Bay Tree is a wonderful gated community that is made up of 32 homes on Hutchinson Island in Jensen Beach. These newer homes are statuesque and spacious. Bay Tree is in a calm area of Jensen Beach but not too far away from all the excitement of the city or the rest of what the Treasure Coast has to offer. Orlando is only 2 hours away; while West Palm Beach is only 45 minutes away. The beaches have beautiful crystal blue water and soft sand. Enjoy all the advantages of Florida living in this wonderful friendly community!

Bay Tree on Hutchinson Island Bay Tree on Hutchinson Island

Homes in Bay Tree were built from 1992 to 2002 and consist of 2 bedroom, two bathroom homes of just over 1,500 sq. ft. of living area up to a spacious 4 bedroom, 4 bathroom home with just under 4,000 sq. ft. of space under AC.  This community has access to the beach at Waveland Beach Park directly across the street.  And is now also equipped with a good sized day dock where boaters and fisherman can stop to pick up guests and supplies for the day.

Bay Tree on Hutchinson Island Bay Tree on Hutchinson Island

The Bay Tree community is only just over 1.5 miles from the Jensen Beach Causeway and residents have easy and convenient access to downtown Jensen Beach with it’s restaurants and shopping.  And, only 5 miles to the Stuart Causeway for additional options for shopping, entertainment and dining.

Bay Tree on Hutchinson Island Bay Tree on Hutchinson Island

HOA fees are a very reasonable $850 per quarter which include maintenance and insurance of the common areas and community pol and day dock.  This community allows rentals and is a pet friendly community with large dogs permitted.

Bay Tree on Hutchinson Island Bay Tree on Hutchinson Island

For possible off market homes in Bay Tree, please contact the Gabe Sanders BlueWater realty team.

Search Here for Bay Tree Homes for Sale
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Rustic Hills Palm City FL September 2016 Market Report

09.07.16 by

Rustic Hills Palm City FL September 2016 Market Report

There are currently 3 homes available for sale in Rustic Hills.  Listing prices range from $349,000 to $429,000 for an average list price of $392,633 which equals $238.41 per sq. ft. of living area.

There is 1 home under contract awaiting finalizing the sale.  This home was listed for $299,900 and $349,000 which is equal to $168.86 per sq. ft. of living area.  This home was on the market for 123 days before going under contract.

In the past 12 months, 8 Rustic Hills homes have sold.  Sales prices ranged from $256,000 to $390,000 for an average sales price of $308,181 which equates to $180.65 per sq. ft. of living area at a 93% sales to list price ratio.  These homes went under contract in an average of 61 days.

Originally a popular fishing camp, Rustic Hills in Palm City, Florida is a quaint waterfront enclave of 178 homesites 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 lifestyles. 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.

Search for currently available homes in Rustic Hills, Palm City, Florida

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Rustic Hills Palm City FL September 2016 Market Report

Tesoro Club September 2016 Market Report

09.06.16 by

Tesoro Club September 2016 Market Report

There are currently 24 homes available to purchase in the Tesoro Club in Port St Lucie FL.  List prices range from $284,000 to $1,499,000 for an average list price of $820,200 or $205.63 per sq. ft. of living area.

There are no homes currently under contract in the Tesoro Club.

In the past 12 months there have been 8 sales in the Tesoro Club.  Sales prices ranged from $289,990 up to $700,000 for an average sales price of $505,874 or a sales price per sq. ft. pf living area of $147.02.  These homes sold at an average of 92% of list price and were on the market for 146 days prior to going under contract.

One of the premier country clubs on Florida’s Treasure Coast, Tesoro lies on 1,400 acres.  The Tesoro Club is home to two par-72 golf courses one is an Arnold Palmer signature course while the other is a Tom Watson signature course.  The Tesoro Club is an official PGA Tour host.

The centerpiece of the Tesoro club is a 100,000 plus square foot three story clubhouse overlooking a 120 acre lake.  This full service clubhouse is magnificent and offers impeccable services for all the members of the Tesoro Club.

In addition to the world class golf, the Tesoro Club is also host to its very own swim and racquet club.  The racquet club consists of 10 Har-Tru tennis courts plus one exhibition stadium court and two croquet courts.  There’s a full time ATP Tennis Director offering lessons, clinics and a full service pro shop.  Spacious men’s and women’s locker rooms make this a wonderful facility.  And after that hard match cool off in the pool or soak your sore muscles in the Jacuzzi.

For those needing more pampering there’s a full service spa and salon on premises.

And, if you don’t feel like cooking the dining room at the Tesoro club has a menu that is sure to please.

Homes in Tesoro run the gamut from huge estate homes of 7,000 sq. ft. of living area with 5 and 6 bedrooms and 6 bathrooms on large ½ acre lots, down to more modest 3 bedroom, 2 bathroom homes with around 2,000 square feet of living area along with 2 car garages lying on smaller under one quarter acre lots.

At this time there are numerous opportunities for new custom homes built to your specifications or a good number of available re-sale homes.  Golf Club membership is not mandatory in certain sections of Tesoro so HOA fees vary considerably from area to area.  For non-membership lots it starts around $580 a month and includes lawn, landscaping, 24 hour monitored security, basic cable TV, management and exterior pest control.

Here are some of the currently available homes in Tesoro

Please call us at 772-323-6996 or email us for the complete and up to date list.

Tesoro Club September 2016 Market Report

July 2016 Monthly Market Detail St Lucie County Townhouses and Condos

09.05.16 by

July 2016 Monthly Market Detail St Lucie County Townhouses and Condos

The July 2016 Monthly Market Detail St Lucie County Townhouses and Condos had slower closed and pending activity when compared to last year.  Closed sales were down 22.6% from last year (was up 5.7% in June) while new pending sales decreased by 2.6% (was down by 14.8% in June).

Prices also took a hit for July with the median sales price decreasing by 18.8% (was up by 23.6 in June) while the average sales price decreased by 1.7% (decreased 1.4% in June).  I don’t expect prices to decrease very much but, the previous rate of increases were unsustainable.

The inventory of available townhouses and condos decreased by 57 units from last month to 509 units, which is only 7.8% less than July 2015. The current supply of inventory dropped to 5.1 months, which is less than the 5.4 months of inventory last year.  The St Lucie County townhouses and condos continues to be in a sellers market. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

July 2016 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
July 2016 Monthly Market Detail St Lucie County Townhouses and Condos

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

July 2016 Monthly Market Detail St Lucie County Townhouses and Condos

July 2016 Monthly Market Detail St Lucie County Single Family Homes

09.04.16 by

July 2016 Monthly Market Detail St Lucie County Single Family Homes

July 2016 Monthly Market Detail St Lucie County Single Family Homes showed reduced sales volume as compared to last year much like it’s neighboring counties and the state of Florida.  Closed sales were down by 9.0% (in June they were up by 8.9%) and new sales under contract (new pending sales) decreased by 10.0% (they were up by 2.2% last month).

Though, prices continue their upward march at some pretty impressive numbers.  The median and average sales prices up by 13.0% and 15.2% respectively from last July (For June these numbers were 12.8% and 19.2%).

Active listings fell by 39 homes to 1,477 homes.  This inventory is 2.3% less than last year.  The current supply of homes is at 3.3 months (the same as last year). The St Lucie County single family home market remains in a very strong sellers market.  A balanced market is one with a 6 to 7 month supply of inventory.

July 2016 Monthly Market Detail St Lucie County Single Family Homes

Click here to view or download the full report:
July 2016 Monthly Market Detail St Lucie County Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

July 2016 Monthly Market Detail St Lucie County Single Family Homes

July 2016 Monthly Market Detail Martin County Townhouses and Condos

09.03.16 by

July 2016 Monthly Market Detail Martin County Townhouses and Condos

July 2016 Monthly Market Detail Martin County Townhouses and Condos continues showing some uneven sales volumes.  Closed sales were up for this month, increased by 4.7% (was down by 5.0% in June) while new sales under contract (new pending sales) were down by 15.2% from July 2014 (increased by 39.1% in June).

Prices, however continued with strong increase as the median sales price increased by 8.8% (was down by 5.7% in June) while the average sales price increased by 4.1% (was down by 5.4% in June) as compared to July of 2015.  This remains a very active segment of the real estate market and I don’t expect any slowdown of price increase until we get considerably greater inventory or fewer sales numbers.

The inventory of available townhouses and condos decreased by 11 units to 370 properties as compared to last month.  The second month of reduced inventory. This is 3.4% greater than the July 2015 inventory.  Currently, there’s a 3.8 month supply of inventory (an 11.8% increase from last year).  Still in a strong sellers market for townhouses and condos in Martin County. A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

July 2016 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
July 2016 Monthly Market Detail Martin County Townhouses and Condos

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

July 2016 Monthly Market Detail Martin County Townhouses and Condos

July 2016 Monthly Market Detail Martin County Single Family Homes

09.02.16 by

July 2016 Monthly Market Detail Martin County Single Family Homes

The July 2016 Monthly Market Detail Martin County Single Family Homes continues to show reduced sales volume when compared to last years figures, yet this is still a very active market.  Closed sales were down by 9.5% (was down by 10.0% in June). New pending sales decreased by 22.3% as compared to July of 2015 (Decreased by 17.5% in June).

Both median and average sales prices continue with strong gains.  The median sales price was up by 6.1% from last year (up by 15.9% in June) while the average price increased by 13.8% (was up by 9.2% last month).  If inventory levels continue to increase and sales volume continues to decrease I expect the rate of price appreciation to decrease.

The inventory of available single family homes decreased from last month by 1 homes to 987 units for July,  this is 8.5% greater than last July.  Current supply of homes is 4.9 months, for July of last year it was a 4.3 months supply. (This is a 14.0% increase from last year).  Still a sellers market for Martin County single family home sales.  A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.

July 2016 Monthly Market Detail Martin County Single Family Homes

Click here to view or download the full report:
July 2016 Monthly Market Detail Martin County Single Family Homes

To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.

Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.

July 2016 Monthly Market Detail Martin County Single Family Homes