January 2016 Market Report High Point Sewalls Point

January 2016 Market Report High Point Sewalls Point

As of January 2016, there are 7 homes available for sale on High Point and High Point Isle in Sewalls Point, FL.   Listing prices range from $619,000 to $4,700,000.  The average listing price is 1,948,142 which equals $457.31 per square foot of living area.

There are no High Point homes under contract and awaiting close.

In the past 12 months, 5 High Point homes have sold.  Sales prices ranged from $509,000 to $3,350,000 for an average sales price of $1,752,800 which equals 419.39 per sq. ft. of living area and for an average sale price of 91% of the last listed price.  These homes were on the market for an average of 171 days prior to accepting an offer.

High Point in Sewalls Point, Florida


Located on the southern tip of Sewalls Point, High Point and High Point Isles is an oasis of beautiful homes on high elevation lots yet just minutes away from the clear blue waters of the Atlantic ocean.

High Point in Sewalls Point, Florida
High Point Isles is the eastern section of the High Point peninsula and consists of all waterfront homes in the intracoastal waterway and within sight of the Saint Lucie Inlet for access to the Atlantic.  Ringing the south and west circumference of High Point are additional waterfront estates with deep water, high elevation and spectacular views of the Saint Lucie and Indian Rivers.

High Point in Sewalls Point, Florida

The first home in High Point was built in 1963 and homes continue to be built as well as extensively renovated to this day.  There are both deep water estate sized lots (of over 2.5 acres) to interior lots of 1/3 of an acre.

High Point in Sewalls Point, FloridaHome sizes range from 2 bedroom, 2 bathroom cottages of 1,700 sq. ft. to estates of close to 14,000 sq. ft. of living area with 7 bedrooms and 9 bathrooms.

High Point in Sewalls Point, FloridaThere are no HOA fees in High Point and High Point Isles as this community is part of the town of Sewalls Point.  A wonderful community close to the beaches, waterways and many excellent amenities offered in Martin County, FL.

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Sewalls Point  Real Estate is presented by:

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January 2016 Market Report High Point Sewalls Point

Palm Beach County November 2015 Market Report

Palm Beach County November 2015 Market Report

Palm Beach County November 2015 Market Report

Market Highlights

“Although we are still in a seller’s market, November statistics showed signs that we are moving towards a more neutral real estate market that favors neither seller nor buyer. The median sale price for single family homes is leveling, fluctuating between $285,000 and $295,000 for the 5th consecutive month, and months’ supply of inventory is continuing to inch towards the benchmark for equality. Said Matt Halperin, 2015 President of the Realtors® Association of the Palm Beaches (RAPB).

Market Detail (Year-over-Year)

In the single family homes sector, we saw gains in the following categories year-over-year: closed sales increased 7.4% from 1,104 to 1,186 transactions, median sale price increased 11.3% from $265,012 to $295,000, and average percent of original list price received increased 0.5% from 93.0% to 93.5%. Meanwhile, median days on market decreased 40.3% from 62 to 37 days, and inventory levels continued to decline, down 3.6% from 7,591 to 7,320 active listings and down 15.9% from 5.7 to 4.8 months’ supply.

In the townhouses/condos sector, we saw gains in the following categories: closed sales increased 2.1% from 847 to 865 transactions, median sale price increased 5.3% from $133,000 to $140,000, and average percent of original list price received increased 1.1% from 92.1% to 93.1%. Meanwhile, median days on market decreased 33.3% from 54 to 36 days, and inventory levels continued to decline, down 1.0% from 6,231 to 6,170 active listings and down 6.8% from 5.6 to 5.2 months’ supply.


Palm Beach County November 2015 Market Report

Downtown Stuart Condo New Price

Downtown Stuart Condo New Price

Downtown Stuart Condo New Price in Downtown Stuart FL

Unit B-3 in the Royal Oak Towers of Stuart FL is now offered for $123,500 through the Gabe Sanders BlueWater realty team.

Downtown Stuart Condo New Price in Downtown Stuart FL Downtown Stuart Condo New Price in Downtown Stuart FL

A light and bright 2 bedroom, 2 bathroom condo in the beautiful downtown Stuart area. Open living room/dining room combo with pass through to kitchen. With new hurricane impact windows throughout the building.  Your screened patio overlooks the fountain in the courtyard. And lots of windows to give you great natural light. High ceilings. There is 1 covered parking space with easy access to elevator (Pickups and motorcycles allowed). Close to downtown Stuart, restaurants, shops and Lyric Theater and a short walk to the Hospital. Beaches, boating and fishing are also only minutes away. All ages are welcome and 1 large pet is allowed.  This is a very well maintained unit.

Downtown Stuart Condo New Price in Downtown Stuart FL Downtown Stuart Condo New Price in Downtown Stuart FL

Downtown Stuart Condo New Price in Downtown Stuart FL Downtown Stuart Condo New Price in Downtown Stuart FL

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More information about Stuart Florida Real Estate can be found on the Gabe Sanders BlueWater Realty team’s web site.

Downtown Stuart Condo New Price

 

 

Great Price for this Stuart Home with Boating Access

Great Price for this Stuart Home with Boating Access

4575 SE Manatee Terrace in Rocky Point, Stuart, FL has been reduced to $270,000.  Across the street from an ocean access boat ramp and plenty of room to store your boat and trailer on this lot.

Adorable 2 bedroom, possible 3 bedroom home located in desirable ROCKY POINT. Property has a water view of the Manatee Pocket from the back yard. Located on an oversize lot with plenty of room to expand, put in a pool or full size garage. CBS construction with terrazzo floors throughout and open floor plan. Kitchen has breakfast bar and Corian counter tops. Screened in back porch and covered front porch. Large carport with equipment closet. Located at the end of the street just 1 house in from the water. Comes with a deeded boat ramp with water access just across the street. Boat slip rentals within walking distance. Hang your hammock under the large mango tree and enjoy Florida living.

  Rocky Point in Stuart FL real estate Rocky Point in Stuart FL real estate

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.

Rocky Point in Stuart FL real estate Rocky Point in Stuart FL real estate

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.

Rocky Point in Stuart FL real estate Rocky Point in Stuart FL real estate

Rocky Point in Stuart FL real estate Rocky Point in Stuart FL real estate

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Stuart Florida Real Estate presented by:
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Great Price for this Stuart Home with Boating Access

Price Slashed on 1st Floor 2 BR Stuart Condo

Price Slashed on 1st Floor 2 BR Stuart Condo

This Cedar Pointe 2 bedroom 2 bathroom condo in Village 8 Building 140 Suite 3 has been slashed to  $65,000.

Cedar Pointe Village 8 Condo
First floor 2 bedroom and 2 bathroom condo in Cedar Pointe. Full width glassed/screened patio in rear leading out to a quiet garden area. Conveniently located next to the Village 8 heated pool and clubhouse and within minutes of beaches, golf, fishing, shopping, historic downtown Stuart, as well as many medical and professional services. This is an excellent opportunity for an affordable permanent home right in the heart of Stuart, or use it as your getaway from those cold northern winters.

Cedar Pointe Village 8 Condo Cedar Pointe Village 8 Condo

Cedar Pointe is an active adult community of 62, 2 story buildings divided into 8 villages with numerous clubhouses and pools as well as recreational areas.  One of the prime locations in the city of Stuart only minutes away from the pristine beaches of the Atlantic Ocean and close to shopping, restaurants and medical facilities.

Cedar Pointe Village 8 Condo Cedar Pointe Village 8 Condo

This 55+ community is the jewel of the Stuart area condominiums because of it’s location, reasonable condo fees from the high $200′s to the low $300′s per month depending on size and village (each village sets their own budget).  Cedar Pointe does not allow dogs.  One indoor cat is permitted in Villages 1 through 5.

Cedar Pointe Village 8 Condo Cedar Pointe Village 8 Condo

Condominium units consist of 1 bedroom 1 and 1/2 bathroom units and 2 bedroom, 2 bath units.  Each condo has one assigned parking spot along with numerous guests spots throughout the complex.  Laundry facilities are available in each building.

Cedar Pointe Village 8 Condo Cedar Pointe Village 8 Condo

Currently a very affordable complex for those looking for a full time Stuart, Florida home or just a winter getaway.

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Cedar Pointe Condos for Sale

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

Price Slashed on 1st Floor 2 BR Stuart Condo

Rocky Point Estates January 2016 Market Report

Rocky Point Estates January 2016 Market Report

There are currently 3 homes available for sale in Rocky Point Estates.  List prices are from $239,900 to $269,000 for an average list price of $257,966 which equals $168.62 per sq. ft. of living area.

Two homes are under contract.  List prices are $329,000 and $375,000 for an average list price of $352,000 or $196.75 per sq. ft.  These two homes averaged only 6 days on the market prior to receiving an accepted offer.

In the past 12 months, 13 homes have sold in Rocky Point Estates.  Sales prices ranged from $200,000 up to $430,000 for an average sales price of $294,307 which works out to $170.66 per sq. ft. of living area.  These homes sold for an average of 95% of the last list price and in 81 days of being on the market prior to receiving an accepted offer.

Rocky Point Estates

Rocky Point Estates real estate

Rocky Point Estates is an HOA community in the eastern middle of Rocky Point.  Homes on Orange St, Nassau Ter. and the north side of Matousek St. had the opportunity to join this HOA when it was developed and for the sum of $75.00 per year, members have access to a large park with a boat ramp and picnic grounds available for their exclusive use.  In addition to the ramp and picnic area, there’s a 29 slip marina suitable for boats up to 30’ in length.  These docks can only be owned (or leased) by members in good standing within the Rocky Point Estates HOA community.  Individuals within Rocky Point Estates have the option to sell or trade docks within the community.

Rocky Point Estates real estate

This boat ramp and the docks are in a highly desirable location that’s only about a mile or so from the open waters of the Atlantic Ocean through the Saint Lucie Inlet.  Fisherman in this community love the fact that they can be casting their lines in deep water just minutes after leaving the dock or ramp.

Rocky Point Estates real estate

There are just over 170 homes belonging to the association.  Homes were first built in this community in 1959 and the latest home was just completed in 2014. Homes are of all styles and sizes ranging from 5 bedroom, 4 bathroom home on almost a half-acre down to under 1,000 sq. ft., 2 bedroom, 1 bathroom homes on under a quarter of an acre lots.

Rocky Point Estates real estate

Children residing in Rocky Point Estates attend the Martin County School District with current assignments to Port Salerno Elementary, Murray Middle and South Fork High Schools.  Residents are also close to a number of wonderful restaurants and first class medical facilities.

Search for available homes in Rocky Point Estates

Rocky Point Estates January 2016 Market Report

January 2016 HouseCalls Newsletter

January 2016 HouseCalls Newsletter

Click on the image below to view or download our January 2016 HouseCalls Newsletter:

January 2016 HouseCalls Newsletter

You can see all the past issues here:

HouseCalls Archive

January 2016 HouseCalls Newsletter

Happy New Year – 2016

Happy New Year – 2016

 

St Lucie County November 2015 Market Report

St. Lucie County November 2015 Market Report

St. Lucie County November 2015 Market Report

“I am happy to report that St. Lucie County’s real estate market indicators revealed that we ended November on a positive note! Home seller confidence continued to rise as new listings increased by 15%, and buyers continued to offer on average 96% of original list prices. Earlier in this year, Bloomberg Business stated that Port St. Lucie will be one of the leading cities in the nation to see economic growth in 2016, and we appear to be on track to meet those expectations. On behalf of the REALTORS® of St. Lucie County, I would like to extend ‘Happy Holidays and Happy New Year’ to you and your family.  Said Kathy J. Slusser, Northern Vice President of the Realtors® Association of the Palm Beaches (RAPB).

St. Lucie County November 2015 Market Report

Fishermans Village 1/2 Duplex in Stuart Just Listed

Fishermans Village 1/2 Duplex in Stuart Just Listed

Fishermans Village real estate in Stuart FL

Brand new on the market from the Gabe Sanders BlueWater realty team.  Available for $127,500.

Fishermans Village real estate in Stuart FL Fishermans Village real estate in Stuart FL

Fishermans Village 1/2 duplex with 2 bedrooms, 1 bath, 1 car garage and storage. Laundry room inside the home with washer and dryer. Very well maintained CBS home located just across the street from the Sable Club, with both a boat ramp and docks available for lease at very reasonable rates ($350/yr for dock and $125/yr for ramp). Fenced yard with well fed sprinklers. Great location close to downtown, schools, beaches, shopping and medical facilities.

Fishermans Village real estate in Stuart FL Fishermans Village real estate in Stuart FL

Amazing opportunity for the fisherman on a tight budget or for anyone looking for an affordable central Stuart home.

Fishermans Village real estate in Stuart FL Fishermans Village real estate in Stuart FL Fishermans Village real estate in Stuart FL Fishermans Village real estate in Stuart FL Fishermans Village real estate in Stuart FL

Search for all available Fishermans Village Homes for Sale

Fishermans Village 1/2 Duplex in Stuart Just Listed

Martin County November 2015 Market Report

Martin County November 2015 Market Report

Martin County November 2015 Market Report

“As we have seen throughout the year in our county, property values continue to appreciate, while supply remains low. The median sale price for single family homes is up 13% compared to last November, according to Florida Realtors®, and our months’ supply of inventory is down 21.5% to 4.8 months. Will these trends continue? All indications seem to suggest low supply and higher prices will remain for at least another year. Whether you are buying or selling, seek the expertise of a local REALTOR® who can help you navigate through the unique challenges of Martin County’s real estate market,” said John Slivon, Treasurer of the Realtors® Association of the Palm Beaches (RAPB).

Give us a call if you have any questions or require information about the current real estate market in Martin County.
(772) 323-6996

Martin County November 2015 Market Report

River Village December 2015 Market Report

River Village December 2015 Market Report

There is only one River Village Condo available for sale as of late December 2015.  The list price for this condo is $359,000 which equals $370.10 per sq. ft. of living area.

There is also one condo under contract that has yet to close.  The list price was $249,900 which equals $257.63 per sq. ft. of living area.  This condo was on the market for over 200 days prior to accepting this offer.

In the past 12 months, 3 condos have sold in River Village.  Sales prices ranged from $229,900 up to $290,000 for an average sales price of $268,633 or $258.78 per sq. ft. of living area.  These condos sold for an average of 92% of the last listing price and were on the market for an average of 25 days prior to accepting a contract.

 River Village in Indian River Plantation

River Village on Hutchinson Island

The River Village condos of Hutchinson Island in the Indian River Plantation complex of Stuart consist of four four story elevator buildings close to the Marriott Resort and full service marina in Indian River Plantation.  These units were built in 1980 with most units having views of the Intracoastal Waterway also knows as the Indian River.

River Village on Hutchinson Island River Village on Hutchinson Island

There are 64 units all are two bedroom two bath condos of with either 1,068 or 970 sq. ft. of living area. This is a pet friendly building.  River Village residents enjoy their own community pool for River Village resident’s exclusive use.

River Village on Hutchinson Island River Village on Hutchinson Island

Current condo and management fees are around $1,475 per quarter.

River Village December 2015 Market Report

November 2015 Monthly Market Detail St Lucie County Townhouses and Condos

November 2015 Monthly Market Detail St Lucie County Townhouses and Condos

The November 2015 Monthly Market Detail St Lucie County Townhouses and Condos came back strong from a weak October.  Closed sales were up 26.1% from last year (was down 5.4% in October) while new sales under contract (new pending sales) increased by 39.0% (was up by 1.8% in October).

The median sales price increased by 12.4% (down 6.1% in October) while the average sales price was u[p by 3.2% (was unchanged in October).  After an off October, prices have once again resumed their climb.

The inventory of available townhouses and condos increased by 6 units from last month to 562 units, which is still down from last November by 16.7%. Current supply of inventory remained unchanged from last month’s 5.3 months. This is 19.3% lower than last year. The St Lucie County townhouse and condo market continues as a sellers’ market, though approaching a balanced one. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.

November 2015 Monthly Market Detail St Lucie County Townhouses and Condos

Click here to view or download the full report:
November 2015 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.

November 2015 Monthly Market Detail St Lucie County Townhouses and Condos

Sailfish Cove December 2015 Market Report

Sailfish Cove December 2015 Market Report

There are two homes available for sale in Sailfish Cove.  The listing prices for these two homes are $1,295,000 and $1,650,000 for an average list price of $1,472,500 or $409.44 per sq. ft. of living area.

There are no homes under contract at this time.

There have been no sales in the past 12 months in Sailfish Cove on Hutchinson Island.

Sailfish Cove on Hutchinson Island

Sailfish Cove real estate

Sailfish Cove is located on Hutchinson Island in Jensen Beach FL. It is also known as Rigels Cove as the name was changed to Sailfish Cove just a little over a year ago. Just a little under a mile to the south of the Jensen Beach Causeway on the shores of the Intracoastal Waterway (also known as the Indian River).

Sailfish Cove real estate

Sailfish Cove was first developed in 1993 and only 11 homes make up this small subdivision with all homes having ocean access waterfront docks. Home sizes range from just under 3,000 sq. ft. of living area up to almost 5,000 sq. ft.   HOA fees are approximately $400 a month as of July 2015. These fees include lawn and landscaping, maintenance of the common areas and the gate.

Sailfish Cove real estate

Residents of Sailfish Cove enjoy being in the ‘A’ rated Martin County School System and are just a few minutes from both downtown Jensen Beach as well as historic downtown Stuart FL. Lots of great shopping and amenities close by as well.

Sailfish Cove real estate

Search here for Sailfish Cove (Rigels Cove) Homes for Sale

Sailfish Cove December 2015 Market Report

November 2015 Monthly Market Detail St Lucie County Single Family Homes

November 2015 Monthly Market Detail St Lucie County Single Family Homes

November 2015 Monthly Market Detail St Lucie County Single Family Homes had a weak month for closed sales as compared to last year.  Closed sales were off by 13.3% (in October they were up by 0.4%) and new sales under contract (new pending sales) decreased by 21.0% (they were down by 26.8% last month).

Inexplicably, the median and average sales prices continue their relentless march higher with increases of 10.8% and 17.2% respectively from last November (For October these numbers were 14.1% and 16.1%).

Active listings increased in November (from last month) by 75 homes to 1,750, though this is still lower than last year’s inventory, but only by 2.5%.  The current supply of inventory is 3.7 months (a 0.3% decrease from last year). The Saint Lucie County single family home market remains in a strong sellers market.  Hopefully, we will once again see increasing volume of sales as the inventory rises.

November 2015 Monthly Market Detail St Lucie County Single Family Homes

Click here to view or download the full report:
November 2015 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.

November 2015 Monthly Market Detail St Lucie County Single Family Homes

Crane Creek Home in Martin Downs Under Contract

Crane Creek Home in Martin Downs Under Contract

Crane Creek real estate in Palm City FL

Classy contemporary four bedroom pool home perfectly situated on a 1 1/2 acre manicured home-site; beautifully landscaped. Superbly renovated and remodeled under the watchful eye of a meticulous owner. Top of the line everything. Enter through custom stained glass doors and be greeted by soaring ceilings. Hand crafted built-in cabinets throughout. Fabulous kitchen with adjacent climate controlled 650 bottle wine room. Huge master suite with separate den and over-the-top bath. Scenic pool/patio area with summer kitchen to enjoy. Other improvements include new roof, impact windows, custom audio with speakers, wired for included portable generator, Icynene insulation, landscape lighting and golf cart garage. Shows beautifully, a must see for the discerning.

Crane Creek real estate in Palm City FL Crane Creek real estate in Palm City FL

Crane Creek real estate is situated within Martin Downs Country Club. A gated golf course community, Crane Creek has the finest features needed to make the community as upscale and appealing as possible. However, none of this is forced upon you because membership in the country club is optional.
Crane Creek real estate in Palm City FL Crane Creek real estate in Palm City FL
  • a spectacular clubhouse
  • 2 championship golf courses
  • 12 tennis courts
  • 2 swimming pools
  • a fully equipped fitness center

Crane Creek real estate in Palm City FL

There is also the opportunity to partake in one of the many other conveniences in place at the country club facility. There are a driving range, chipping area, putting green, practice bunker and rental clubs. The Crane Creek real estate in Martin Downs is made up of marvelous and varied homes with something for everyone. The properties involve a wide selection of architectural style and choices from condominiums to estate homes. The parcels also have as much variation with maintenance free lots and large acreage lots. Within minutes from two of Florida’s major thoroughfares, Florida’s Turnpike and I-95, the location of Crane Creek real estate removes the hassle from commuting. In addition to all of these amenities recent business dealings in the Crane Creek real estate area may bring one more amenity. There is talk of an equestrian facility being placed on site within Martin Downs Country Club. In this part of Florida there is fishing, golf and horses. An equestrian facility would bring horse shows and an increase in revenue for locally owned businesses. Come take a look at all of the extras and all of the expected in this community. Furthermore, contact us today so we can put our knowledgeable and professional expertise to work for you as you look into becoming part of the Crane Creek real estate undertaking.

Crane Creek Home in Martin Downs Under Contract

November 2015 Monthly Market Detail Martin County Townhouses and Condos

November 2015 Monthly Market Detail Martin County Townhouses and Condos

November 2015 Monthly Market Detail Martin County Townhouses and Condos  is showing weaker closed activity year to year for the second month in a row.  Closed sales were down by 18.7% (was down by 5.7% in October) and new sales under contract (new pending sales) were down by 5.7% from November 2014 (decreased by 12.9% in October).

Even though the sales volume is off, prices continue to rise and very strong rates.  The median sales price was up by 18.4% (was up by 4.0% in October) while the average sales price increased by 38.2% (was down by 2.2% in October) as compared to November of 2014.

The inventory of available townhouses and condos has increased by 25 units to 398 properties from last month.  It’s good to see some increased inventory, though this is still 20.3% below the November 2014 inventory.  Currently, there’s a 3.7 month supply of inventory (a 20.3% decrease from last year).  Still in a strong sellers market for townhouses and condos for Martin County.  We are heading into the slower season for condo sales and I expect to see a little more weakening for our market until after the holidays.

November 2015 Monthly Market Detail Martin County Townhouses and Condos

Click here to view or download the full report:
November 2015 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.

November 2015 Monthly Market Detail Martin County Townhouses and Condos

November 2015 Monthly Market Detail Martin County Single Family Homes

November 2015 Monthly Market Detail Martin County Single Family Homes

The November 2015 Monthly Market Detail Martin County Single Family Homes continues to show improvement both annually and monthly.  Year to year closed sales were up by 6.5% (was up 13.4% in October). New pending sales increased by 4.9% as compared to November of 2014 (decreased by 19% in October).

Prices continue their upward march.  The median sales price was up by 13.0% from last year (up by 15.6% in October) while the average price increased by 30.6% (was up by 12.3% last month).  This very strong price trend is a bit troubling as it seems to be at much to high of a pace to be sustainable for the long run.  I expect some moderation of these increases in the near future.

The inventory of available single family homes decreased from last month by 33 homes to 1129 units this month, and this is inventory is 10.4% less than last November.  Current supply of homes is 4.8 months, for October of this year it was a 4.9 months supply. (This is a 21.5% decrease from last year). The Martin County single family real estate market remains in a sellers market.  I was hoping for another month of increasing inventory, but this hasn’t happened.  Possibly for December and/or January we’ll have some additional homes for sale.

November 2015 Monthly Market Detail Martin County Single Family Homes

Click here to view or download the full report:
November 2015 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.

November 2015 Monthly Market Detail Martin County Single Family Homes

Merry Christmas

Merry Christmas

November 2015 Monthly Market Detail Florida Single Family Homes

November 2015 Monthly Market Detail Florida Single Family Homes

The November 2015 Monthly Market Detail Florida Single Family Homes continues to show improved activity from last year though the pace seems to have moderated a bit from recent months.  Closed sales were up by 1.9% (was up by 1.2% in October) and new sales under contract (new pending sales) were down by 2.8% (was down by 2.5% in October).

Both median and average sales prices continue to rise ( November 2014 to November 2015) by 13.6% and 9.6% respectively, compared to October’s 12.4% and 6.5%.  There seems to be no end to the rise in values, though I would feel more comfortable with a more moderate rate.

The inventory of available homes for sale fell by 5.4% from last year.  Some high demand areas of Florida have seen decreasing inventory for a number of months now.  For November there was only a 4.5 months supply of inventory, this is a sellers market with the advantage for sellers. (November of 2014 had a 5.3 month supply)

November 2015 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:

November 2015 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.

November 2015 Monthly Market Detail Florida Single Family Homes