Stuart Florida Market Report ZIP Code 34994 Residential April 2016

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

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

There are currently 65 active listings (Up by 2 homes from March)

49 Residential sales are pending and awaiting close or lender approval (Increased by 15 homes from last month).

10 Homes Sold in March (Down by 5 homes from March)

The residential real estate market for the 34994 ZIP code area of the Stuart, Florida had a slow month of April for closed sales while at the same time showing some pretty good increase in pending sales. This should signal an increase in closed sales for the coming months.

The one month absorption rate for the 34994 zip code for April jumped to 6.5 months from 4.1 months for March. Back to a balance market for the 34994 zip code area of Stuart, FL (even though I suspect this is only temporary). A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The April 2014 numbers were 68 Active Listings, 33 pending sales and 21 closed sales. Better closed sales numbers for last year but higher pending sales for this year.

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Stuart Florida Market Report ZIP Code 34994 Residential April 2016

Whispering Sound Villa in Palm City – Just Listed

05.12.16 by Gabe Sanders

Whispering Sound Villa in Palm City – Just Listed

3895 SW Whispering Sound Drive is now available for sale for $210,000.

Whispering Sound is Palm City’s sought after 55 and over community. Gated entry into community that is lovely, lushly landscaped and well maintained. Enter into a large living room with vaulted ceiling, sliding glass doors that open onto a screened lanai with a private garden setting. Large master bedroom with walk-in closet. Walk-in shower with hand rails. Kitchen is bright and cheerful with breakfast bar and built-in desk. There is a separate dining area. Home has a den that could be made into a 3rd bedroom. Laundry room is inside the house. 2 car garage with lots of shelves. Very active community with clubhouse that has a large kitchen for banquets, a card room, exercise room, pool tables, men and women restroom with showers and women’s has a sauna.

Whispering Sound is a gated age restricted community (55+) in Palm City FL. An excellent location just west of the new Veteran’ Memorial Bridge on Martin Highway (State Road 714) making downtown Stuart a short ride as well as easy access to Florida’s Turnpike and I-95. Lots of shopping, restaurants and medical facilities are also very close to Whispering Sound.

This attractive community has 228 villas that were built from 1991 to 1998. These villas all come with either a two car or one car garage. Sizes range from just under 1,800 sq. ft. of living area to 1.449 sq. ft. Interiors range from 2 Bedroom and 2 Baths to 3 Bedroom 2 Bath homes.

As of this writing (May 2016) the Home Owners’ Association (HOA) fees are approximately $250 per month, payable quarterly.

This active 55+ community boasts of an active club house with heated swimming pool, spa, tennis courts and shuffleboard along with many activities that will keep the most active residents happily occupied throughout the year.

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Sewalls Point Single Family Market Report April 2016

05.11.16 by Gabe Sanders

Sewalls Point Single Family Market Report April 2016

Sewalls Point Real Estate Snapshot, Residential Sales for April 2016

There are currently 68 active listings (Down by 2 homes since last month)

19 home sales are pending and awaiting close or lender approval (Increased by 5 homes from March)

3 Homes sold in April (Decreased by 3 home sales from March)

The single family real estate market in Sewalls Point showed a nice increase in pending sales for April, but unfortunately closed sales were once again less than expected. There does seem to be very good showing activity, so I’m expecting sales to pick up as we head into the summer season.

The current absorption rate exploded to 22.7 months, in March it was 11.7 months. A very strong buyers market for Sewalls Point, and those who have dreamed of moving to Sewalls Point should consider taking advantage of this market while they can. 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 April of 2014, the inventory was 79 homes on the market, 11 pending sales and there were 6 closed sales. The pending inventory is looking much better for this year.

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Sewalls Point Single Family Market Report April 2016

May 2016 Market Report for Legacy Cove in Stuart Florida

05.11.16 by Gabe Sanders

May 2016 Market Report for Legacy Cove in Stuart Florida

There are currently 5 homes for sale in Legacy Cove in Stuart, FL. Listing prices range from $319,900 to $475,000 for an average listing price of $404,580 or a price per square foot of living area of $161.49.

There are three homes currently under contract awaiting settlement. The list prices range from $329,000 to $399,000 or $159.21 per sq. ft. of living area. These homes averaged 24 days on the market prior to going under contract.

In the past 12 months, 7 homes have sold in Legacy Cove with sales prices ranging from $260,000 to $482,000 for an average sales price of $337,357 or $148.27 per sq. ft. of living area. These sales averaged 95% of list price and went under contract in an average of 55 days after going on the market.

Legacy Cove in Stuart Florida is a gated lakeside community of 229 homes off of Cove Road in Stuart, Florida. Legacy Cove consists of two sections. The first section of 142 homes called the Cove Isle development was mostly completed between 2004 and 2005. The newer section, called the Cove Lakes development consists of 87 home sites with construction that began in 2007. Some homes are yet to be completed in Cove lakes.

There’s a wide variety of homes in Legacy Cove, ranging for the smallest, a 3 bedroom, 2 bathroom, 2 car garage with a little under 1,600 square feet of living area to 4, possible 5 bedroom, 3 and a 1/2 bathroom, 3 car garage two story homes with almost 4,000 square feet of living area. And many sizes in between.

Legacy Cove boasts a community pool and club house with a fitness center as well as two hard surfaced tennis courts. Many homes in Legacy Cove in Stuart Florida have serene lake views and a comfortable private feeling. Located just minutes from I-95, this is a great location for those wishing to take advantage of Martin County’s amenities while still having an easy commute to work either north or south.

Legacy Cove is in an ‘A’ Martin County school system with children currently attending Pinewood elementary school, Dr. David L Anderson middle school and Martin County high school.

The HOA fees are very reasonable at $688.00 per quarter. Management of the community is through Bristol Management of Stuart.

Residents of Legacy Cove in Stuart Florida enjoy a relaxing life style with easy access to restaurants, shopping and the many waterways, beaches and public parks that Martin County has to offer.

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May 2016 Market Report for Legacy Cove in Stuart Florida

Downtown Stuart Condo – Royal Oak Towers – For Lease

05.10.16 by Gabe Sanders

Downtown Stuart Condo – Royal Oak Towers – For Lease

Rare opportunity for an annual lease close to downtown Stuart in the Royal Oak Towers of Stuart FL. Just coming on the market for $1,300 a month. All ages welcome, trucks OK.

Ground floor unit near downtown. Walk to restaurants, the Lyric and shops. 2 bedroom, 2 bath over looking the fountain. Laminate wood floors in living room, tile in bedrooms. Kitchen has Corian counter, breakfast bar and pantry. Hurricane windows recently installed. Lots of natural light. Screened in patio. Back door opens to small grass area and walk way to pool. Unit has 1 covered parking spot. Only minutes to the beach.

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Condo in Downtown Stuart Just Listed

May 2016 Market Report for Ocean House in Indian River Plantation

05.10.16 by Gabe Sanders

May 2016 Market Report for Ocean House in Indian River Plantation

May 2016 Market Report for Ocean House Condos in Indian River Plantation, Hutchinson Island in Stuart, FL

Currently, there are 2 active listing on the market in Ocean House, both of which are listed for $629,000 which equates to $469.40 per square ft. of living area.

There are 3 condos under contract awaiting settlement. List prices range from $459,000 up to $745,000 for an average list price of $562,667 and this equals $407.06 per sq. ft. of living area. These 3 condos averaged 296 days on market before going under contract.

In the past 12 months, there have 2 sales in Ocean House. The sales prices were $350,000 and $625,000 for an average sales price of $487,500 or $363.81 per square foot of living area. These two condos sold for an average of 93% of the last list price and went under contract in an average of 93 days after being listed.

One of the newest buildings in Indian River Plantation, Ocean House, is also the most magnificent. Consisting of 79 Luxury Condo units of either 2 or 3 spacious bedrooms with amenities galore. All suites have Ocean views, even the first floor units, which are in actuality the equivalent of being on the third floor as there are two parking levels for residents to enjoy covered parking.

Ocean House has a newly renovated club house area featuring an updated kitchen with granite counter tops and stainless steel appliances. Two flat screen televisions and free wi-fi for those that need connectivity.

A heated pool and lanai area that’s perfect for lounging close to the beach, or walk down your private access to enjoy the crystal blue waters of your private Atlantic ocean beach.

Barbecue area with a Tiki Hut for those nights that you want to eat out under the stars.

The Marriott Resort at Indian River Plantation Features:

Indian River Plantation consists of numerous condominium associations and buildings. All styles from Ocean front to River front and Golf and Tennis villas can be found here. IRP is associated and co-located with the Marriott Resort and Marina.

Tucked away on Hutchinson Island, the Treasure Coast’s 16-mile lush barrier island is a unique resort that greets guests with the warmth of true Southern hospitality.

The Hutchinson Island Marriott Beach Resort and Marina stretches across 200 acres of plantation landscape on Hutchinson Island, bordered on one side by the Atlantic Ocean and by the shimmering Indian River on the other side.

A newly remodeled lobby with sweeping draperies, plantation-style wood furnishings, and tropical tones sets the stage for a magical golf getaway. This is the gateway to an array of championship and executive courses, including Nicklaus, Fazio and Player designs.

Golfers of all skill levels will enjoy the challenging fairways and greens found in the area’s 12 courses. Plantation East, the resort’s own course, meanders throughout the island and is characterized by water on 17 of 18 holes. This 4,042-yard, par-61 executive course requires careful club selection and precision shot-making to overcome constantly changing ocean breezes.

Golfers of all skill levels will enjoy the challenging fairways and greens found in the area’s 12 courses. The Ocean Club, the resort’s own course, meanders throughout the island and is characterized by water on 17 of 18 holes. This 4,042-yard, par-61 executive course requires careful club selection and precision shot-making to overcome constantly changing ocean breezes.

The Hutchinson Island Marriott offers guests and residents two tiki bars and their Signature Restaurant, the Baha Grille. Thirteen Novagrass tennis courts, miles of unspoiled beaches, water sports, deep sea fishing, and a full-service 77-slip marina anchored on the Indian River round out a perfect vacation of sun and fun.

Resort amenities also include three heated pools with sun decks, game rentals from the Activities Hut, two outdoor spas, and supervised activities for both children and teens.

May 2016 Market Report for Ocean House in Indian River Plantation

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Rocky Point Home on Bayshore Terrace – Sold

05.09.16 by Gabe Sanders

Rocky Point Home on Bayshore Terrace – Sold

This affordable Rocky Point home on Bayshore Terrace in Stuart’s Rocky Point has sold for $212,500.

Enjoy the good life in this 2 Bedroom, 2 Bathroom home in Stuart’s Rocky Point area. Lots of room to store all your toys with plenty of room for an RV and boat. No HOA restrictions to worry about either. This home has an updated kitchen with granite counter tops, washer and dryer as well as a one car garage. Open floor plan that has great space for a casual life style and entertaining. There’s a day dock for residents at the end of the street available for a $50 annual fee. Great location close to boat ramps, marinas and restaurants. All of this can be yours at a very affordable price.

About Rocky Point

Rocky Point in Stuart, FL is a wonderful boating oriented community located just off the Saint Lucie Inlet in beautiful Martin County Florida. Originally a fishing village because of its proximity to the Atlantic Ocean; Rocky Point is now a wonderful family community with a variety of different neighborhoods. Most of Rocky Point is still oriented towards fisherman and boaters with many of the neighborhoods having access to docks, marinas and/or boat ramps. Some neighborhoods have deeded dock rights as well as privately owned ramps and launch facilities. There is also a selection of some luxury waterfront homes with private docks located only a short few minutes cruise to the open Ocean via the Saint Lucie Inlet and within a day’s round trip to the Bahamas.

Bordering Rocky Point to the north and west is the Manatee Pocket. Home of the original Stuart Sailfish fleet (Stuart continues to proudly boast that it’s the ‘Sailfish Capitol of the World’). Now home to a number of Marinas, Charter fleets and the famous Chapman School of Seamanship as well as quite a few excellent restaurants serving the freshest seafood arriving from the Ocean straight to the kitchens daily.

All this in wonderful family friendly neighborhoods within Martin County’s ‘A’ rated schools system.

One of the highlights of the year for Rocky Point is the Port Salerno Seafood Festival. Held yearly in the winter, this free festival fills the streets of Historic Port Salerno. In addition to serving up the area’s freshest and tastiest seafood, live music, community booths, arts & crafts, activities for the kids, pirates and more keep the entire family entertained the whole day.

Admission is FREE, though attendees are asked to bring canned goods in exchange for zero admission to benefit a food drive for local food banks.

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Rocky Point Home on Bayshore Terrace – Sold

Vintage Stuart Pool Home – Open House May 8

05.07.16 by Gabe Sanders

Vintage Stuart Pool Home – Open House May 8

OPEN HOUSE, May 8, Sunday 1:00 PM – 3:00 PM

221 SE Martin Ave., Stuart, FL

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Historic Stuart real estate

Description

Photos

Maps & Local

Schools

Walk Score

$ Click for current price

4 BEDROOMS

4 BATHROOMS (4 full)

2148 Square Feet

Unique Old Florida charm. Enter the home with wood floors and Miami Dade wood ceilings, with wood burning fireplace, exposed beams and vaulted ceilings. Open floor plan with views of the pool from living and family room. Hurricane impact sliders opens up the family room to enjoy the Florida outdoors. The 80 inch smart TV on an adjustable arm allows you to entertain and watch the TV on the patio conveys with the house. Main house has two bedrooms two baths with a third bedroom and half bath with separate entrance. There is a detached apartment with full kitchen and double walk-in closet. Hurricane safe room located on the property. Lush tropical landscaping with some fruit trees. four car detached carport and two storage sheds. Florida living at its best!

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Vintage Stuart Pool Home – Open House May 8

Pierpoint Condo B-72 Under Contract

05.07.16 by Gabe Sanders

Pierpoint Condo B-72 Under Contract

This wonderfully updated Pierpoint condo in Stuart FL is now under contract with the buyers and sellers working with the Gabe Sanders BlueWater Realty Team. This condo was listed for $89,000.

This is the perfect winter getaway from those cold northern winters. With the opportunity to have your own boat only steps away to enjoy fishing or the many waterways of the Treasure Coast of Florida. Or, for some a great new permanent residence with no lawns to mow or exterior maintenance to worry about.

Nicely updated 1 bedroom, 1 and ½ bathroom condo in Pierpoint. Serene pond views from the balcony of this surprisingly spacious condo. Kitchen has granite tile counter-tops and upgraded white cabinets. This unit comes fully furnished and in move in condition. Pierpoint is a waterfront community with dockage available for lease at very reasonable rates as well as kayak storage. There are two community pools, clubhouse with full kitchen, fitness room and a library. Fantastic location in the heart of Stuart only minutes to shopping, downtown, medical facilities and the beaches, yet still in a quiet residential area. Pierpoint is an adult community and no pets are allowed. Opportunities like this don’t come often.

About Pierpoint Condominiums

This friendly, active 55+ condominium offers two community pools, grills, shuffleboard, a waterfront clubhouse and dock. Located in the heart of Stuart and on the shores of the wide Saint Lucie River, the Pierpoint Yacht Club Condominiums is the premier adult community in Stuart, Florida. Extremely well maintained complex of 8 buildings, some of which have magnificent water views.

Pierpoint has docks with boat slips for rent as available. Also on this dock is a fishing station and benches for all Pierpoint residents to enjoy and use. Stuart enjoys some of the finest fishing conditions in all of Florida and the east coast.

On the shores of the Saint Lucie River, Pierpoint has a large and active clubhouse with a full kitchen available for members and special occasions. Adjacent to the clubhouse is one of two heated pools, a billiard room, reading library and shuffle board courts. There’s an outdoor lounge for sipping cocktails right on the shores of the wide Saint Lucie River. Lots of green space and ample parking complement this wonderful community.

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Pierpoint Condo B-72 Under Contract

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The Arbors in Hobe Sound May 2016 Market Report

05.06.16 by Gabe Sanders

The Arbors in Hobe Sound May 2016 Market Report

There are 4 available homes for sale in The Arbors as of May 2016. List prices are $439,900 to $597,500 for an average of $519,100 which equals $199.88 per sq. ft. of living area. These homes have been on the market for an average of 34 days.

There are three homes under contract which have not completed the sales process. The list prices ranged from $479,000 to $575,000 for an average list price of $527,000 or $196.58 per sq. ft. of living area.. These homes averaged 162 days on market prior to going under contract.

In the past 12 months, 8 homes have sold in the Arbors. Sales prices ranged from $315,000 to $578,500 for an average sales price of $407,063 which equals $176.87 per sq. ft. of living area. These sales averaged at 96% of the listed price and were on the market for an average of 131 days prior to entering into an agreement for sale.

In northern Hobe Sound just west of Federal Highway and off of Seabranch Avenue is the exclusive 190 homes of the Arbors. This exclusive gated community of upscale homes all border on lakes or preserve with generous lots and elbow room not found in many modern developments. In addition to the two serene lakes the Arbors also contains generous nature preserves to protect the indigenous hardwoods and pines as well as offering a home to native flora and fauna. Residents of the Arbors enjoy seeing endangered srub jays and gopher tortoises as well as pairs of sandhill cranes. To enjoy the surrounding 100 acres of protected preserve areas, the Arbors has set up a walking trail through much of this land. Great for a morning walk or excellent exercise for those that wish to go for a run or jog.

All this in a location that is just minutes from many championship golf courses, the beautiful beaches of the Atlantic Ocean and the marinas and waterways of Martin County. Close to Martin County’s ‘A’ rated schools, shopping centers, medical facilities and all necessary urban services yet in a quiet peaceful setting. The Arbors is less than an hour away from Palm Beach International Airport and just about equi-distant from Miami and Orlando, both only two hours by car.

The Arbors is a wonderful place to call home.

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Cedar Pointe Village 6 End Unit Under Contract

05.06.16 by Gabe Sanders

Cedar Pointe Village 6 End Unit Under Contract

This 2 bedroom 2 bathroom condo in building 115 Unit 6 is now under contract through the efforts of the Gabe Sanders BlueWater Realty Team. This is a Cedar Pointe Village 6, second floor end unit condo which was listed for $64,000.

Enjoy this 2 bedroom, 2 bathroom 2’nd floor end unit condo in Cedar Pointe. This spacious condo is available for immediate occupancy and features a newly painted living, dining and guest bedrooms. The master bathroom has been completely renovated while the remainder of this condo has great potential and is in need of some updating. Enjoy this wonderful community in one of the best locations in Stuart. Close to shopping, restaurants, beaches, golf and historic downtown Stuart. Cedar Pointe is a 55+ community and no pets are permitted. Rentals are permitted after 0ne year of ownership for a minimum of 3 months one time per year.

Residents of Cedar Pointe live in one of the best locations in Stuart, Florida. Only 3 miles from Stuart Beach and several other fine beaches. Cedar Pointe Plaza is within walking distance of the Village. The Blake Library, The Fresh Market, Dollar Tree, Publix and many medical facilities are walkable. Several restaurants located right in the Plaza such as The Bagel Break, Alice’s, The Bistro and Florentino’s, & The Peacock. For great pizza and other Italian favorites try Camilla’s. Clothing stores such as Anthony’s and Bealls are local favorites. Several churches are close by. Martin Memorial Hospital is only a short drive.

The Historic Downtown Stuart offers many opportunities to dine and shop or just have fun. During the “Season” many outdoor activities and events are scheduled; free Art Festivals, Music Fests, and free concerts on the water front and at the Court House Gazebo.

Several theaters are in the area. Across the street is The Barn, the oldest community theater in the area. The Lyric in Downtown Stuart has a variety of productions. The Sunrise in Ft. Pierce and the Kravitz in Palm Beach offer a fantastic collection of productions, including named stars, opera, musicals and comedy.

In “Season”, Cedar Pointe Villages have many social events; bingo, a variety of card games, Saturday breakfasts, hot dog/hamburger barbecues. And, occasionally a pot luck dinner. Singers and various musical groups from local schools enjoy performing here.

Sports fans will not be disappointed. St. Lucie Mets Spring Training camp. Roger Dean Stadium in Jupiter for the Miami Marlins. Stuart is known as the Sailfish Capitol of the World. Bring or buy your fishing gear as you will have many opportunities to use it. The Annual Boat shows in the area. Fishing tournaments. Kayak and boat tours on the St. Lucie River. Is this not one of the many reasons you want to move here? Oh! Did I forget about golf? Great courses both county and private clubs abound.

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Cedar Pointe Village 6 End Unit Under Contract

Hobe Sound Four Bedroom Home – Great New Price

05.05.16 by Gabe Sanders

Hobe Sound Four Bedroom Home – Great New Price

A wonderful opportunity for the family or individuals looking for an affordable four bedroom home in Hobe Sound. This home is an excellent value at the new price of $238,000!

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.

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Hidden River in Palm City FL – May 2016 Market Report

05.04.16 by Gabe Sanders

Hidden River in Palm City FL – May 2016 Market Report

Only one currently active listing in Hidden River in Palm City in late May. This home is listed for $799,000 which equates to $319.60 per sq. ft. of living area.

There are no homes under contract at this time in the Hidden River community

In the past 12 months 1 homes has sold in Hidden River. The sales price was $375,000 or $131.39 per sq. ft. of living area. This sale was at 90% of the list price and went under contract after 118 days of being on the market.

About Hidden River in Palm City FL

This is a waterfront community in Palm City FL located on either Bessey Creek or Hidden River with ocean access through the North Fork of the Saint Lucie River. Most homes in this community have excellent water depth and homes can handle some fairly good sized boats.

This is a non-deed restricted community with no HOA fees. The earliest homes were built beginning in 1970 and the last one was completed in 2015. Homes range from modest 2 bedroom, 2 bathroom cottages with just under 1,400 sq. ft. of living area on about a quarter of an acre up to 4 bedroom, 3 bathroom homes with close to 4,000 square ft of living area on one half acre lots.

Very private location, yet only minutes to Florida’s Turnpike as well as numerous shopping and restaurant choices in Palm City.

Children attend Bessey Creek Elementary, Hidden Oaks Middle and Martin County High Schools.

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Coral Lakes – May 2016 Market Report

05.03.16 by Gabe Sanders

Coral Lakes – May 2016 Market Report

For may 2016 there is only one home available for sale in Coral Lakes in Stuart FL. This home is listed for $484,000 which is equal to $170.06 and as of May 1 has been on the market for 106 days.

There are no homes currently under contract in Coral Lakes.

In the past year, 7 homes have sold in Coral Lakes. Sales prices ranged from $255,000 up to $530,000 for an average sales price of $334,500 or $138.11 per sq. ft. of living area. These homes went under contract in an average of 88 days after being listed and sold for an average of 95% of the last list price.

About Coral Lakes:

The gated Stuart FL community of Coral Lakes is off Willoughby Blvd between Pomeroy Street and Salerno Road. Communities like this are no longer being developed in most centrally located areas as all of the lots are a minimum of a ½ acre and a number are over an acre.

There are just under 100 home sites in Coral Lakes with the first homes built in 1980 and the most recently completed one was in 2005. Homes come in all sizes and shapes with different builders and range from just over 1,600 sq. ft. 2 bedrooms and 2 bathrooms homes up to over 4,500 sq. ft. homes with 5 bedrooms and 4 bathrooms and multi-car garages.

Other than a storage lot for boats, RV’s and trailers there are no additional amenities in Coral Lakes and the low HOA fee of $450 per year covers maintenance of the common areas, gates and management. Many homes have private pools in these spacious single family home sites as well as other much desired amenities.

The location makes it easy for residents of Coral Lakes to commute via I-95 to parts north or south of Martin County and yet still be close to shopping, restaurants, medical facilities, beaches and waterways , and the other great attractions that make Stuart FL so popular among families.

Currently, children attend the Pinewood Elementary, Dr. David L. Andersen Middle and Martin County High Schools.

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Central Stuart Pool Home – New Price

05.02.16 by Gabe Sanders

Central Stuart Pool Home – New Price

Charming Old Florida Homestead

Overview
Maps
Photos
Description

$590,000

Main Features

4 Bedrooms
3 Bathrooms
1 Half Bathroom
3 Units
Interior: 2,148 sqft
Lot: 0.53 acre(s)
Year Built: 1950
MLS #: 386089

Location

221 SE Martin Avenue
Stuart, FL 34996
USA

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Central Stuart Pool Home – New Price

March 2016 Monthly Market Detail St Lucie County Townhouses and Condos

04.30.16 by Gabe Sanders

March 2016 Monthly Market Detail St Lucie County Townhouses and Condos

The March 2016 Monthly Market Detail St Lucie County Townhouses and Condos shows reduced activity from March of last year. Closed sales were down 23.1% from last year (was down 22.3% in February) while new sales under contract (new pending sales) decreased by 7.5% (was down by 24.1% in February).

The median sales price increased by 9.2% (was down by 10.4% in February) while the average sales price was down by 2.8% (decreased 7.2% in February). This is the first month in 2016 with some increase in prices for this segment of the St Lucie County real estate market.

The inventory of available townhouses and condos decreased by 12 units from last month to 655 units, which is 3.1% greater than March 2015. The current supply of inventory remained unchanged from last month at 6.6 months, which is 6.5% greater than last year. The St Lucie County townhouses and condos market remains in basically a balanced market and leaning towards going into a buyers market. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

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March 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.

March 2016 Monthly Market Detail St Lucie County Townhouses and Condos

March 2016 Monthly Market Detail St Lucie County Single Family Homes

04.29.16 by Gabe Sanders

March 2016 Monthly Market Detail St Lucie County Single Family Homes

March 2016 Monthly Market Detail St Lucie County Single Family Homes improved its March volume as compared to February but still weaker than last year. Closed sales were up by 0.2% (in February they were down by 9.2%) and new sales under contract (new pending sales) decreased by 4.7% (they were down by 3.9% last month).

However, prices continue to increase quite dramatically. Both the median and average sales prices up by 19.4% and 16.2% respectively from last March (For February these numbers were 17.2% and 14.6%).

Active listings fell by 18 to 1,822 homes. This inventory is 14.5% greater than last year. The current supply of homes is at 4.1 months (a 20.6% increase from last year). The St Lucie County single family home market remains in a strong sellers market, though not quite as superheated as last year.

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March 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.

March 2016 Monthly Market Detail St Lucie County Single Family Homes

The Top 5 Reasons Every Buyer & Seller Should Hire a Realtor

04.29.16 by Gabe Sanders

The number of homeowners attempting to sell by owner has dropped to record low levels. Now more than ever, it seems, homeowners and buyers alike recognize the importance of using a real estate professional. In fact, 87% of buyers last year used a Realtor, according to the National Association of Realtors. Most glaring, only 8% of homeowners were FSBO sales in 2015.

There are many reasons to use a Realtor, but here are The Top 5 Reasons Every Buyer & Seller Should Hire a Realtor:

1. Agents Know What Buyers Want: An experienced real estate agent can see what potential buyers will see – and perhaps details you have overlooked. Agents are in tune with buyer needs, fears, nonnegotiables, and preferences. Setting the stage for prospective purchasers is an extremely important part of the marketing process, and a good agent will provide you with tips, checklists, and feedback from a would-be buyers perspective.

2. Agents are Real Estate Marketing Experts. A real estate professional will provide you with a written marketing plan that outlines all the activities required to get your house sold at the highest possible price, in the least amount of time. Real estate marketing is not about a yard sign, property flyers in an info box, or open houses. Real estate marketing is all about listing syndication, exposing your home to the greatest audience of buyers and their agents, and providing financing insight specific to your property. Most important of all, a real estate professional will set the right list price from the start. They know that if you don’t price it right on day one, your chances of selling, and recouping your equity, will diminish with each passing day.

3. Agents Know How To Handle the Multiple Sell. Not only do they have to sell your home to a potential buyer, real estate professionals have to sell your home to the other agents in the area, and to the lender via the appraisal process. An agent will guide you as to how to best position your property and your pricing to ensure the best odds of satisfying the often conflicting pricing opinions of all three.

4. Agents are Skilled Negotiators. A professional will be the calming influence you need in the midst of stressful negotiations. They’re also the objective third-party “buffer” in the process. Experience has taught them that there are many creative ways to bring contract negotiations to a successful close.

5. Agents Keep the Transaction Together. There are many moving parts before the closing. Inspections, financing contingencies, and title searches are such some of the steps that can derail a transaction. A knowledgeable and experienced agent will take on these contingencies, renegotiate the details, and keep the transaction moving forward to a successful close.

If you’re looking for a top agent on Florida’s Treasure Coast give the Gabe Sanders BlueWater Realty Team a call.

Reprinted with permission from Partner Xchange

March 2016 Monthly Market Detail Martin County Townhouses and Condos

04.28.16 by Gabe Sanders

March 2016 Monthly Market Detail Martin County Townhouses and Condos

March 2016 Monthly Market Detail Martin County Townhouses and Condos showed reduced sales volume primarily because of lower inventory and a continued rise in values. Closed sales were down by 11.2% (was down by 2.0% in February) and new sales under contract (new pending sales) were down by 5.9% from March 2014 (decreased by 7.5% in February). Though this is still a very active real estate market.

The median sales price was up by 26.6% (was up by 2.1% in February) while the average sales price increased by 40.3% (was up by 13.3% in February) as compared to March of 2015. Very strong price gains that are impacting some folks ability to afford condos and townhouses in Martin Count.

The inventory of available townhouses and condos dropped by 13 units to 398 properties as compared to last month. The second monthlyt drop after three straight months of increased inventory. This is 7.0% below the March 2015 inventory. Currently, there’s a 4 month supply of inventory (a 2.4% decrease from last year). Still in a strong sellers market for townhouses and condos for Martin County.

Click here to view or download the full report:
March 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.

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