Gabe’s July 2016 HouseCalls Newsletter
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Real Estate in and around Stuart Florida
Click on the image below to view or download our July 2016 HouseCalls Newsletter:
Click here to download the full PDF of our July 2016 HouseCalls Newsletter
You can see all the past issues here:
The May 2016 Monthly Market Detail St Lucie County Townhouses and Condos had a surprisingly strong may after a number of not so stellar months earlier. Closed sales were up 19.0% from last year (was up 2.9% in April) while new pending sales increased by 13.6% (was down by 8.5% in April).
Prices were mixed with the median sales price increasing by 3.6% (was up by 10.0% in April) while the average sales price decreased by 2.9% (increased 4.7% in April). St Lucie County townhouses and condos are showing a very sustainable slow increase in prices for the past few months.
The inventory of available townhouses and condos decreased by 37 units from last month to 605 units, which is 4.1% greater than May 2015. The current supply of inventory dropped to 6.0 months, which is 5.3% greater than last year. The St Lucie County townhouses and condos market remains a balanced market. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.
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May 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.
There are currently 5 homes and/or villas available for sale in the Jensen Beach Golf and Country Club. List prices range from $259,900 to $399,000 or an average list price of $336,360 which equals $167.09 per square foot of living area.
5 homes are under contract awaiting the final sale. List prices range from $238,000 to $369,000 for an average list price of $306,180 that equals $162.23 per square foot of living area. These homes averaged 83 days on market before going under contract.
In the past 12 months, 45 homes have sold. The sales prices ranged from $230,000 to $487,905 for an average sales price of $312,819 which works out to a price per square foot of $167.73 at a 97% sales to list price ratio. These homes were on the market for an average of 56 days before going under contract.
The Jensen Beach Golf and Country Club in Jensen Beach Florida is one of the most desirable communities on Florida’s Treasure Coast. There are 656 homes and home sites spread out on over 240 acres of wildlife preserve with plenty of privacy and homes from four different builders. Homes began to be constructed in 2000 and new homes from D.R. Horton and Renar Homes have been recently completed. Previous builders included WCI Communities and Engle Homes.
The Jensen beach Golf and Country Club is home to the Eagle Marsh Golf Course. This is apublic course and all are welcome to play. Inexpensive membership plans are available along with dining facilities, a snack bar and a pro shop. More information about the Eagle Marsh Golf Club can be found on their web site.
Homes in the Jensen Beach Golf and Country Club range from smaller 2 BR attached villas of approximately 1300 plus square feet of living area and single car garages to spacious one floor and two story pool homes of just over 2500 square feet with 3 car garages. In addition to the facilities associated with the Eagle Marsh Golf Club, there are two community pools and an active tennis club with 6 professional courts along with a local pro and active league play.
All of these amenities come at an incredibly attractive HOA fee of around $225 per month and include landscaping, trash pickup as well as basic cable TV service.
The Jensen Beach Golf and Country Club is attractively situated only 2 miles from the Indian River (the Intracoastal Water Way) and quaint downtown Jensen Beach, only across the causeway to the public beach of Jensen beach for those wishing to take advantage of the clear waters of the Atlantic Ocean. Less than a mile to the west is the Treasure Coast Mall and the shopping and restaurant corridor of US-1.
For those with children, the ‘A’ rated Jensen beach High School is within walking distance from the front gate of the Jensen Beach Golf and Country Club.
Here are the currently available homes in the Jensen Beach Golf and Country Club
For any questions you may have about the Jensen Beach Golf and Country Club, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here
Jensen Beach Florida Real Estate
Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties
May 2016 Monthly Market Detail St Lucie County Single Family Homes is bucking the trend from the rest of Florida amd it’s neighbor to the south with strong increases in activity as compared to last year. Closed sales were up by 11.2% (in April they were down by 3.0%) and new sales under contract (new pending sales) increased by 7.7% (they were up by 7.6% last month).
And along with increased sales prices are also continuing to go higher for May. Both the median and average sales prices up by 15.6% and 15.2% respectively from last May (For April these numbers were 12.9% and 15.5%).
Active listings fell by 91 homes to 1,628 homes. This inventory is 6.3% greater than last year. The current supply of homes is at 3.6 months (an 9.1% increase from last year). The St Lucie County single family home market remains in a hot sellers market.
Click here to view or download the full report:
May 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.
May 2016 Monthly Market Detail Martin County Townhouses and Condos had less volume of closed and pending sales from last year, but is still a very active market. Closed sales were down by 5.1% (was up by 3.9% in April) and new sales under contract (new pending sales) were down by 5.4% from May 2014 (decreased by 8.4% in April).
Slightly mixed signals with prices as the median sales price dropped by .0.4% (was up by 19.1% in April) while the average sales price increased by 6.7% (was up by 28.9% in April) as compared to May of 2015. After many months of double digit price gains, this moderation will be welcome news to buyers.
The inventory of available townhouses and condos increased by 7 units to 417 properties as compared to last month. The second month of increases. This is 1.7% above the May 2015 inventory. Currently, there’s a 4.2 month supply of inventory (a 7.7% increase from last year). Still in a sellers market for townhouses and condos for Martin County.
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May 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.
Spacious 4 bedroom, 3 and ½ bath pool home in Canoe Creek in Palm City. A perfect home for those looking to live in large rooms on an over an acre lot with minimum HOA rules and low fees. This home features a huge family/great room with exposed wooden beams with a fireplace as well as a wet bar and perfect for large family get togethers. There’s a large den/office that leads into a spacious master bedroom. The master bath has dual vanities on granite counters with separate tub and shower as well as a private entrance to the spacious back yard. The kitchen has been recently upgraded to granite counters and mostly stainless appliances as well as new tile. There are 3 additional bedrooms one of which has an ensuite bath. Large screened lanai and an oversized pool complete this spacious Palm City home that is ready for a new owner.
The May 2016 Monthly Market Detail Martin County Single Family Homes had reduced closed and pending volume when compared to last year. Closed sales were down by 2.8% (was down by 4.3% in April). New pending sales decreased by 14.7% as compared to May of 2015 (Decreased by 0.3% in April).
Mixed signals with prices as the median sales price was up by 15.8% from last year (up by 6.7% in April) while the average price decreased by 3% (was up by 22.6% last month). I expect that prices will moderate to a much smaller rate of increase in the coming year.
The inventory of available single family homes increased from last month by 14 homes to 1,054 units for this month, this is 6.8% greater than last May. Current supply of homes is 5.1 months, for May of last year it was a 4.9 months supply. (This is a 4.1% increase from last year). Still a sellers market for Martin County single family home sales.
Click here to view or download the full report:
May 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.
The May 2016 Monthly Market Detail Florida Townhouses and Condos continues to slow it’s pace from the very strong activity of the past three years. Closed sales were up by 0.1% as compared to last months decrease of 5.3% and new sales under contract (new pending sales) decreased by 4.6% (In April there was a 5.7% decrease). Even though the inventory has begun to rise from the all time lows of the previous few months, the tremendous rise in prices have made this segment of Florida’s real estate market a bit too pricey for many.
Prices were mixed for may with the median sales price up by 4.4% (was also up by 4.4% in April), while the average sales price decreased by 1.3% (was up 2.9% in April). If prices continue to stay somewhat stable or even decrease slightly, I expect the volume of sales to increase.
The inventory increased by 7.4% from May of last year. For May 2016 we have 6.1 months of inventory (was 6.3 months in April) and compared to 5.8 for May 2015. We are currently in a balanced market for Florida townhouse and condo sales.
Click on the link below or the graphic to see the full market detail report from Florida Realtors: Click here to view or download the full report:
May 2016 Monthly Market Detail Florida 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.
The May 2016 Monthly Market Detail Florida Single Family Homes remains quite active, but showing some signs of stress as the inventory remains low and the values continue to rise. Closed sales were up by 4.5% (was down by 0.6% in April) and new sales under contract (new pending sales) were down by 2.7% (was down by 4.2% in April).
Both median and average sales prices continue to rise ( May 2015 to May 2016) by 10.5% and 4.2% respectively, compared to April’s 9.2% and 3.8%. Sooner or later these strong price gains will have a negative effect on sales and I expect this rise to slowdown in the near future.
The inventory of available homes for sale fell by 2.5% from last year. Higher demand areas of Florida have seen decreasing inventory for more than three years now. For May there was only a 4.4 months supply of inventory as Florida remains in a sellers market with the advantage for sellers. (May of 2015 had a 4.7 month supply) A balanced market favoring neither buyers or sellers is considered to be one with a 6 to 7 month supply of inventory.
Click here to view or download the full report:
May 2016 Monthly Market Detail Florida 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.
This spacious 4 Bedroom home in the Rio community of Jensen Beach has been sold. The sales price was $363,000.
Beautiful large Key West style home in Jensen Beach. Featuring bedrooms and 2 full bathrooms in the main section of the home with a mother-in-law apartment located over the garage. This large space is approximately 28 x 32 ft. and could also be used as a game or theater room. This apartment has its own private bath and entrance with stairs and a patio. The spacious master bedroom has trey ceilings, a double walk-in closet, large bath with spa tub and a separate walk-in shower with dual rainfall shower heads, double sinks and double mirrors. The kitchen has granite counters with a breakfast bar. There’s also an additional family/game room with built in shelves. Wrap around porch, 3 car garage on a double lot, with lots of room for parking multiple boats and RVs.
For any questions you may have about Spacious 4 BR Jensen Beach Home, please call the Gabe Sanders BlueWater real estate team at 772-323-6996 or Contact Us Here
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Jensen Beach Florida Real Estate
Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties
Available for annual lease at only $800 a month, this is a furnished first floor end unit condo that is totally updated with a new kitchen, including new appliances, tile floors and freshly painted. This spacious unit has 1 large bedroom, 1 and 1/2 bathrooms and a dining area and living room. Ample storage and closet space.
But, the best part is that it’s located just steps away from shopping and restaurants and only a few minutes to medical facilities, professional offices as well as the beaches, waterways and historic downtown area of Stuart. Sorry, no pets and this community is restricted to ages 55 and over.
The Vista Pines condominium complex consists of over 517 condos very conveniently located on SE Ocean Blvd. just in between the downtown Stuart area and the beaches of Hutchinson Island. Also, close to restaurants, grocery stores and medical facilities that are within walking distance for many.
Vista Pines condos were first built in 1970 and the last one was completed in 1973. All the buildings are two story and contain both 2 Bedroom, 2 Bath and 1 Bedroom 1 Bath units. Sizes range from 1,089 sq. ft. of living space down to 679 sq. ft. 1 bedroom units. Buildings are situated to maximize privacy and for serene views of green space.
There’s an active clubhouse with a large swimming pool as well as shuffleboard courts. No pets are permitted in Vista Pines and this is an age restricted (55+) community. The HOA fees as of August 2014 were from the low $200’s for a 1 Bedroom unit to just over $300 per month for 2 Bedroom condos.
Search for currently available condos in Vista Pines
For May 2016 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 5 active condo listings. (No change in active condos from April)
7 Condos are pending and awaiting close. (Up by 1 condos from April)
No Condos sold in May. (Down by 4 from last month)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. We are down to only 5 available condos for sale in all of Hobe Sound which is not much for buyers to choose from. Pending sales are strong, but there were no closed sales in May.
There were no sales in Hobe Sound condos for May, but for April the absorption rate was 1.3 months. Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes on percentages that may not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.
The May 2015 numbers were: 8 active listings, 4 pending sales and 1 closed sales. Pending sales are the only statistic that is doing better this year than last.
Hobe Sound Florida Real Estate presented by:
Gabe Sanders
This lovely lakefront condo in Hansons Landing is now under contract. A rare 3 bedroom, 2 bathroom condo that was listed for $234,000.
This condo is surrounded by water on all sides and features a split bedroom plan and an eat-in kitchen. Located on the shores of the Intracoastal water way.
With all these wonderful amenities, the best part is still the views. It’s almost like being on a very solid yacht. This condo is located at 6142 SE Landing Way in Stuart, FL. Building 9 Suite 1. The list price is $379,000.
Located on 27 acres along the Intracoastal Waterway at the south east tip of Rocky Point is the Hanson’s Landing Condominiums. This complex is adjacent to the Miles Grant Country Club and residents have the option of becoming social or full golf members of the country club.
Condos in Hanson’s Landing range from 2 bedroom, 2 bathroom units of 1,135 sq. ft. of living area up to 1,460 sq. ft. 3 bedroom and 2 bathroom units. A number of condos have covered carports for parking while others have reserved off street spaces along with ample guest parking. The buildings of Hanson’s Landing were built from 1985 to 1996. All condos overlook a lake, canal or Intracoastal Waterway.
Amenities include a heated outdoor swimming pool, tennis courts, horseshoe court, and a club house that hosts social and meeting functions
There is also a community dock with 18 slips that are deeded to condo owners. These docks may be transferred among Hanson’s Landing owners as well as rented to residents. Those looking to manually enjoy the river, there is a kayak/canoe racks for owner to store their personal watercraft.
All ages are welcome here and 1 pet under 25 lbs. is also allowed. For those interested in investing or making these condos pay for themselves, rentals are allowed for a minimum of 3 months at a time for up to two times a year.
As of October 2015, the HOA fees were $304 per month which includes lawn service, basic cable TV, trash removal and maintenance of the exterior of the building and insurance.
Here are the currently available Hanson’s Landing Condos for Sale
For May 2016 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 213 active listings. (Down by 4 homes from April)
90 Residential sales are pending and awaiting close (Down by 9 homes from April)
52 Homes Sold in May (Down by 2 homes from last month)
The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues to be a strong market even as sales and pending sales were slightly down from the previous month.
The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 inched up to 4.1 months (4.0 months in April). The third month in a row of being in a sellers market after two months of a balanced one. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.
The numbers for May 2015 were: 180 active listings, 113 pending sales and 65 closed sales. Market activity was better last year even with a reduce inventory, though this is still an active market.
Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team
Older but solid CBS home in a well established Hobe Sound neighborhood. 3 bedroom, 2 bath home plus garage which has been converted into 4th bedroom. The 4th bedroom could possibly be a mother-in-law suite with separate entrance. Enter home into a large foyer area that opens to a spacious living room with a wood burning fireplace. Plenty of room in the kitchen for several cooks which is open to a formal dining area. Large fenced back yard with shed. Great family home with lots of room. Updated windows, hurricane shutters and a full home automatic backup generator come with this home. Very well located close to shopping, beaches as well as Jupiter and Stuart FL.
For May 2016 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
There are currently 26 active listings. (Decreased by 6 condos from April)
11 Condo sales are pending and awaiting settlement. (Up by 3 condos from April)
3 Condos Sold (Decreased by 9 condos from April)
The Jensen Beach FL 34957 Condo Market Report May 2016 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic. The Jensen Beach condo inventory continues to be problematic with very low numbers of available condos for sale. And, for may sales dropped off sharply, while pending sales improved.
The one month absorption rate for the May 2016, Jensen Beach Florida Market Report ZIP Code 34957 jumped up to 8.7 months (from 2.7 months in April), into a buyers market for the first time in close to two years. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.
The May 2015 numbers were: 30 active listings, 12 pending sales and 8 condos closed. Considerably better activity last year for Jensen Beach condos.
Jensen Beach Florida Real Estate presented by:
Gabe Sanders
And, yet another Conquistador Condo is under contract and awaiting closing with buyers courtesy of the Gabe Sanders Stuart Real Estate Team. This condo was offered for sale for $129,900.
Exceptionally well maintained condo in a vibrant 55+ community with multiple pools, active clubhouse and a 2 acre waterfront plaza on the banks of the Saint Lucie River with a fishing pier and day dock. For golfers, the 36 hole Martin County municipal golf course is right next door.
An updated 2 BR, 2 BA home with granite counters and resilient flooring. Third floor (top floor) in an elevator building with lovely courtyard and pool views. Washer and dryer in the unit. Wood flooring and updated appliances. Close to historical downtown Stuart, restaurants, shopping, boating and our beaches.
Conquistador is the prime senior location in Stuart Florida. Conquistador Condo Building 4 Suite 308 Under Contact 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.
Search for available Condos in Conquistador
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
Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties
For May 2016 in the 34957 Zip Code area of Jensen Beach, Florida :
There are currently 116 active listings. (Up by 3 homes from last month)
67 Residential sales are pending and awaiting close or lender approval. (Decreased by 5 homes from March)
37 Homes Sold (No change in home sales from March)
All Residential properties for sale in the 34957 Zip Code area of Jensen Beach FL
Jensen Beach Florida Real Estate presented by:
the Gabe Sanders real estate team
For May 2016 in the 34990 Zip Code area of Palm City, Florida :
There are currently 62 active condo listings. (Decreased by 3 condos from April)
13 Condo sales are pending and awaiting close or lender approval. (Up by 1 condos from last month)
7 Condos Sold in May. (Decreased by 1 condos from April)
The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. For May of 2016 sales were off by 1 condo and pending sales were up by 1 while the inventory decreased, but still better than last year.
Palm City Florida Real Estate presented by:
Gabe Sanders
As of June 2016, there are 5 active listings in Snug Harbor in Stuart, FL. The list prices range from $749,000 to $2,595,000 for an average list price of $1,372,980 which equals $335.82 per sq. ft. of living area. As of June 19, 2016 these homes have been on the market for an average of 121 days.
There are currently no homes under contract or pending.
5 homes have sold in Snug Harbor in the past 12 months. Ranging in sales price from a low of $340,000 up to $2,550,000. The average sales price was $1,131,060 or $371.16 per sq. ft. of living area. These sales averaged at 93% of the last listed price and averaged 99 days on market prior to going under contract.
Snug Harbor remains as one of the most desirable locations in Stuart, FL. Located on the wide Saint Lucie River just east of the city of Stuart Florida is this unique subdivision.
In 1975 the deeds were distributed and/or sold to the then owners and a condominium form of ownership was established under the name of the Snug Harbor Yacht Club. With both waterfront and non-waterfront homes and estates, located just minutes away from the ocean by boat or car and also convenient to downtown Stuart, offices, restaurants and recreational areas.
Snug Harbor is one of the finest communities in Martin County. There are only 72 home sites with a club house, deep water marina, boat ramp, trailer parking and tennis courts. There is an active association with social activities year round that make this community a very attractive place to call home.
Please feel free to contact Gabe Sanders (772-323-6996), a Snug Harbor resident, if you would like any information about this wonderful community.
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