To Buy or Not to Buy: First Time Stuart Home Buyer Question

07.29.15 by

To Buy or Not to Buy: First Time Stuart Home Buyer Question

 Granada Homes for Sale

Historically low mortgage interest rates have been a lifeline for many Stuart first time home buyers in recent years, keeping home ownership within reach for many who wouldn’t have otherwise been able to make the leap. For them, and for all the other than first time area home buyers, the fact that home values have continued to rise has been an added boon.

But, as just about every mortgage industry expert will tell you, the gig is almost up for those rock bottom rates. Yet the question for many first time home buyers remains: is it time to buy or not?

It’s a good time to take a hard look a few of the known facts—

According to web giant Zillow, as of Q1 2015, potential home buyers should expect to spend about 15% of their income on a mortgage for an average home in the U.S. When you compare this with the historical averages, it makes today’s rates temptingly low: the typical percentage has been closer to 21%. In terms of dollars spent monthly, that’s a big (and terrific) difference!

At the same time, the historical average has a typical renter shelling out 24% of income. Today, that’s closer to 30%…making first time home ownership that much more inviting.

Taken together, Zillow’s new calculations definitely appear to make finding a home to buy the more affordable option. On the other hand, it’s also true that a number of factors work against first time home buyers—in Stuart and nationwide. College debt, for one, is far more of an obstacle than it used to be. And the other side of those all-time high monthly rents in many places are making it that much harder for would-be first time home buyers to save for a down payment. But with the widespread phenomenon of growth in rents outpacing growth in home values, the rental affordability problem isn’t likely to improve any time soon. With mortgage rates likely to be on the increase as early as this fall, the long term outlook may not grow rosier as time passes. The implied takeaway: strike now while the iron is hot!

Whether this real estate foray is your first or tenth, if you’ve been considering taking advantage of this summer’s Treasure Coast home buying bargains, contact me today for an introduction to a qualified mortgage broker—and to discuss whether this might not just be the perfect time to start your search!

 How Today Stacks Up for Would-be Stuart First Time Homebuyers

Jensen Park Estates July 2015 Market Update

07.29.15 by

Jensen Park Estates July 2015 Market Update

Currently only 1 home is available for sale in the Jensen Park Estates.  It is listed for $289,000 which equals $132.20 per sq. ft. of living area.

There are three homes under contract and awaiting closing.  List prices are from $159,900 to $310,000 for an average list price of $232,966 or $146.40 per sq. ft. of living area.

In the past 12 months, 22 Jensen Park Estates homes have sold.  Sales prices ranged from a low 0f $52,100 up to $329,000 for an average sales price of $214,824 which equals $120.56 per sq. ft. of living area.  These sales averaged 97% of listing price and averaged 67 days on market before going under contract.

Jensen Park Estates is a non-gated community located just west of Savannah Rd in the heart of Jensen Beach.  There are 381 home sites in this community, most of which have been built upon.  Homes were built from 1980 to the latest one which was completed in 2010.

Jensen Park Estates real estate

There’s a wide range of sizes and shapes of homes ranging from 6 bedroom homes with over 3,100 sq. ft. of living area down to more modest 2 bedroom, 2 bathroom homes with just under 1,100 sq. ft.  There are both frame and concrete block construction as well as homes with and without private pools.

Some homes have large lots of over ½ acre while others are fairly modest lots with just over .12 acres.  Homeowner fees are a very reasonable $150 per year.

Neighborhood children attend the Jensen beach Elementary School which is just a little over ½ mile away, Stuart Middle School and the Jensen Beach High School.

Jensen Park Estates real estate

Very close to shopping areas of US-1 as well as close to the Intracoastal (the Indian River) with its boat ramps, public beaches on Hutchinson Island, Indian Riverside park, and much more.

Jensen Park Estates is an excellent option for both families and retirees looking for affordable homes in the heart of Jensen Beach.

Search here for available Jensen Beach Estates Homes for Sale

Credit Score Fallacies Shouldn’t Stymie Palm City Home Buyers

07.28.15 by

Credit Score Fallacies Shouldn’t Stymie Palm City Home Buyers

 

Most Americans have now arrived at the conclusion that it is a good time to buy a home. That’s the top line analysis from one of the country’s major mortgage creators, but there’s a secondary finding about credit scores that could also have a sizeable impact on Palm City real estate activity. Some would-be Martin County homeowners would benefit from learning the information—which is about misinformation.

The second annual “Wells Fargo Homeownership Survey” is a national survey of 2,016 respondents, and the source upon which last week’s Franklin Codel analysis is based. The excellent news for current and soon-to-be Palm City home sellers is that a whopping 72% of respondents think now is a good time to buy a home. Most Americans also agree that “owning a home remains a vital part” of the American dream— and continues to be a key element in the strength of the nation.

Running counter to that upbeat survey result is the finding that despite the efforts of lenders (and the government) to make credit more available to potential mortgage applicants, two misconceptions are widespread enough that they are “holding many potential buyers back.”

The misinformation:

  • The misconception that every buyer must have at least 20% for a down payment; and
  • A belief that credit scores alone determine whether an applicant will land a home loan

Under the heading The legend of the 20% down payment, Wells Fargo’s Codel points out that 36% of the general population (and larger proportions of minority groups) qualify for loans with lower down payment options— some of them as low as 3%.

But equally illuminating is what Codel has to say about the importance of credit scores. He is the head of mortgage production at Wells Fargo, so Martin County home seekers can be expected to pay attention to what he has to say, which is that credit scores are not as all-important as most people think. Because creditworthiness is not determined based on a single factor, homebuyers should do some investigating of their options “before excluding themselves based on credit scores alone.” And when it comes to the actual scores themselves, it’s not true that a ‘good credit score’ has to be above 780. There are multiple models and investor guidelines—and under some of them, more than 660 “is generally considered good.”

If it’s true that Palm City homebuyers agree that now is the time to make a foray into the market, it’s refreshing (and rare) to hear a top mortgage lending insider provide that kind of encouragement. His conclusion is that the cited misconceptions can be overcome with a “better understanding of how credit works”—and that a good lender will use a borrower’s “entire financial picture, not just credit score” to decide whether to issue a mortgage.

The takeaway is for prospective buyers to do some investigating to find out what their home owning prospects actually are: they might be pleasantly surprised. A good place to start: giving me a call!

Credit Score Fallacies Shouldn’t Stymie Palm City Home Buyers

June 2015 Monthly Market Detail Martin County Single Family Homes

07.27.15 by

June 2015 Monthly Market Detail Martin County Single Family Homes

The June 2015 Monthly Market Detail Martin County Single Family Homes rebounded nicely from last months disappointing sales volume.  Year to year closed sales were up by 28.8% (was down 2.6% in May). New pending sales increased by 2.1% as compared to June of 2014 (increased by 1.1% in May).

The median sales price was down by 5.4% from last year (down by 1.1% in May) while the average price increased by .05% (was up by 13% last month).  Continuing to show some weakness in what has been an exceptionally strong rate of price increases for the past two years.

The inventory of available single family homes decreased from May 2015 by 49 homes to 1038 units this month, and this is also a 25.4% decrease from last June.  Current supply of homes decreased to 4.5 months from May’s 4.8 months supply. (A 37.7% decrease from last year). The Martin County single family real estate market continues as a strong sellers market, though there are some major issues appearing recently.  Primarily the lack of inventory of available homes for sale.

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

June 2015 Monthly Market Detail Martin County Single Family Homes

Leilani Heights Jensen Beach July 2015 Market Update

07.27.15 by

Leilani Heights Jensen Beach July 2015 Market Update

There are 2 current listings in Leilani Heights as of July 2015.  The list prices are $165,000 and $214,900 for an average list price of $189,950 or $126.55 per sq. ft. of living area.

3 homes are under contract and awaiting settlement in Leilani Heights.  List prices are from $149,900 to $230,000 with the average list price being $179,800 that equals $122.91 per sq. ft. of living area.

In the past year, there have been 24 homes sold in Leilani Heights.  Sales prices ranged from $94,000 to $230,000 with the average sales price being $158,990 which equates to $109.85 per sq. ft. of living area.  The average days on market prior to n accepted offer was 41 days and these sales averaged at 97% of the list price.

Located so closely to the many exciting and beautiful places in Jensen Beach, Leilani Heights has been a well known family oriented neighborhood for many years. Leilani Heights is within walking distance from the Five Star Jensen Beach Elementary School that has earned an “A” rating for 5 years in a row! The Lelaini Heights neighborhood is also located less than 10 minutes from Jensen Beach High School, a newer facility filled with fantastic teachers and sports programs. If you are a beach lover then you are in luck! Living in Leilani Heights, you are only a few minutes from having your toes in the sand. Want to enjoy downtown Jensen Beach? Then you are only five minutes away! Treasure Coast Square Mall is also just a short ride away! So if you want to be close to the five star schools, beaches, quality restaurants, the mall, family sports and recreation areas then Leilani Heights is your perfect fit.

Leilani Heights real estate in Jensen Beach Leilani Heights real estate in Jensen Beach

Leilani Heights real estate in Jensen Beach Leilani Heights real estate in Jensen Beach

Search for available Leilani Heights homes for sale

Think Like a Skeptic When Picking a Jensen Beach Home for Sale

07.26.15 by

Think Like a Skeptic When Picking a Jensen Beach Home for Sale

Spacious 4 BR Jensen Beach Home

If you are among this July’s consumers who are actively shopping for a home for sale in Jensen Beach, you have probably already taken a look at the Martin County listings and most likely jotted down some addresses you’d like to examine in detail. Then, if you find yourself in the happy situation of finding more than one Treasure Coast home for sale that passes your first in-person tour visit, the tough question arises about how to pick between two or more quality homes. Should you depend upon your emotional leanings—even if a few practical details seem to point you in the opposite direction? Or should you simply let price be the determining factor? Or is there some other criterion the most experienced house hunters rely on?

Of all the factors that could go into that decision, truthfully, pointing out which are the most important is always a subjective exercise (all except for one I’ll bring up last). Here are some of the most useful ones:

  • Compare the neighborhoods, and take a close look the adjacent streets. Drive by the properties at different times of the day and at least once on a weekend. See how the neighbors keep their homes. Neglected lawns (or bars on too many windows) are not signs you may want to ignore—just as uniformly well-kept landscaping should count on the positive side.
  • Next visit to the candidates, do a consciously thorough walk-over. Pace the perimeter of the home and lot. Look for fencing issues you might need to address, or even how intrusive neighbors’ windows might be. Check for signs of water pooling anywhere on the lot with an eye to whether drainage problems could become an issue when the rains come.
  • If there is another home for sale on the street, drive the immediate area looking for more. If there is more than one home for sale, check the web to see if there are too many—or enough that it indicates that values are in flux. If it appears there are many—but no reason other than chance—it could be a good sign that your offer will be very welcome!

What is that less subjective factor (the one I said I’d bring up last)? It’s one that calls for becoming more skeptical than you really are: one that has you pretending to be a member of the public at large who doesn’t feel particularly drawn to either of the homes for sale you are comparing.

Put yourself into that mindset—then judge which of the homes will be easier to sell in a future where you have decided to move on. Deep-six your idiosyncratic leanings, and concentrate on elements that the majority of people would agree are those that add or subtract resale value. Experienced house hunters have bought and sold often enough that they are keenly aware of how much easier it is to sell a home that has universal appeal—even over one that’s more personally attractive. Keeping aware of the personal factors that may make you comfortable but which could adversely affect resaleability will help you determine a property’s future value to others (and, many would argue, that is the real value!)…

This summer, we’re fortunate to have a market that offers many Jensen Beach homes for sale offering exceptional value. I hope you’ll give me a call to help find your family’s next home!

Think Like a Skeptic When Picking a Jensen Beach Home for Sale

Royal Oaks Tower Condo in Downtown Stuart Sold

07.25.15 by

Royal Oaks Tower Condo in Downtown Stuart Sold

Royal Oaks Tower Condo in Downtown Stuart Sold

Fantastic downtown Stuart location in the Royal Oak Towers of Stuart FL has been sold by the Gabe Sanders BlueWater realty team.  The sales price was $95,000. This condo was sold prior to actually coming onto the MLS, though it was through a cooperating broker.

Royal Oak Towers in Downtown Stuart

Downtown Stuart Condo, 2 bedroom, 2 bath completely renovated with tile floors, corian counter tops, stainless steel appliances, hurricane impact windows, 1 covered parking, top floor unit with elevator. Lots of natural light with open floor plan. Conveniently located, walk to downtown restaurants, the Lyric and shops. Just minutes from the beach.  All ages are welcome and 1 large pet is permitted.

Royal Oak Towers in Downtown Stuart Royal Oak Towers in Downtown Stuart

Royal Oak Towers in Downtown Stuart Royal Oak Towers in Downtown Stuart

Royal Oaks Tower Condo in Downtown Stuart Sold

Search for Royal Oak Towers Condos for Sale

Search the Martin County MLS

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

Royal Oaks Tower Condo in Downtown Stuart Sold

 

 

June 2015 Monthly Market Detail Florida Single Family Homes

07.24.15 by

June 2015 Monthly Market Detail Florida Single Family Homes

The June 2015 Monthly Market Detail Florida Single Family Homes continues to show improved activity from last year and showed a greater rate of improvement from last month.  Closed sales were up by 19.% (was up by 7.7% in May) and new sales under contract (new pending sales) increased by 10.4% (was up by 1.5% in May).

Both median and average sales prices continue to rise ( June 2014 to June 2015) by 10.0% and 3.4% respectively, compared to May’s 11.1% and 1.9%.  Home prices continue their upward trend in FL.  As interest rates begin to rise, we’ll see how long and how fast this trend continues.

The inventory of available homes for sale fell by 5.9% from last year.  Some high demand areas of Florida have seen decreasing inventory for a number of months now.  For June there was only a 4.6 months supply of inventory, this is a sellers market with the advantage for sellers. (June of 2014 had a 5.6 month supply)

June 2015 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:

June 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.

June 2015 Monthly Market Detail Florida Single Family Homes

Spacious Canoe Creek Pool Home Palm City Just Listed

07.24.15 by

Spacious Canoe Creek Pool Home Palm City Just Listed

Canoe Creek real estate in Palm City FL

Just listed in Palm City.  This Canoe Creek home with private pool on over 1 acre and 4000+ sq. ft. of living area is now available fro $545,000 from the Gabe Sanders BlueWater realty team.

Canoe Creek real estate in Palm City FL Palm City FL real estate

Spacious 4BR, 3.5 Bath pool home.  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 and a wet bar. 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 over sized pool.

Canoe Creek real estate in Palm City FL

Canoe Creek real estate in Palm City FL Canoe Creek real estate in Palm City FL

Canoe Creek in Palm City is a wonderful family community filled with 107 captivating homes that have plenty of room for your family to grow. Each home has a spacious yard with beautiful manicured Florida foliage that creates a tranquil backdrop. The neighborhood is approximately 25 minutes from gorgeous stretches of beaches in Stuart. Canoe Creek is close to great ‘A’ rated schools, recreation, and the exciting and beautiful Downtown Stuart while still close to I-95 and Florida’s Turnpike for those needing to commute or wishing to travel either north or south.

Canoe Creek real estate in Palm City FL Canoe Creek real estate in Palm City FL

Click here to see all current Canoe Creek homes for sale in Palm City

 Spacious Canoe Creek Pool Home Palm City Just Listed

Palm City Home in Granada Just Listed

07.23.15 by

Palm City Home in Granada Just Listed

Granada Homes for Sale

 If you’re looking for an affordable Palm City home in a family friendly neighborhood that is close to shopping, the beaches and both I-95 and the Turnpike, look no further than this home in Granada. This home lives much larger than its square footage with an open plan great room; eat in kitchen and formal dining area. Tiled throughout the main living areas and laminate flooring in the master bedroom. Dual sinks and walk in closets in the master suite as well. Two additional spacious bedrooms that share a bath. Covered and screened back patio offers great outdoor space. There’s an RV/Boat storage lot provided for Granada homeowners and the HOA fees are a very reasonable $200 per quarter which includes basic Cable TV service. There was a new roof and air conditioner installed in 2005. This home comes with hurricane shutters.

Granada Homes for Sale Granada Homes for Sale

Granada Homes for Sale Granada Homes for Sale

MLS-Search-small-e12889727557434

 

 

Hobe Sound FL 33455 Condo Market Report June 2015

07.22.15 by

Hobe Sound FL 33455 Condo Market Report June 2015

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for June 2015

 

For June 2014 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 8 active condo listings. (Down by 1 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2015

2 Condos are pending and awaiting close. (Down by 2 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2015

6 Condos sold in May (Increased by 5 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2015

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  We are down to only 8 active listings in Hobe Sound for June.  So not much in the way of expectations for the immediate future until more condos come on the market for sale.

The current absorption rate is 1.3 months (Last month it was 8 months). The statistics within this segment should be taken with a grain of salt, as small changes in activity make for very large changes on percentages that June 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 June 2014 numbers were: 18 active listings, 4 pending sales and 2 closed sales.  Hardly any available condos for sale in Hobe Sound but still better volume of sales this year as compared to last.

Hobe Sound FL 33455 Condo Market Report June 2015

Search Hobe Sound Condominium Properties by Price

 

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report June 2015

 

Increasing the Value of Your Palm City Property in Four Steps

07.22.15 by

Increasing the Value of Your Palm City Property in Four Steps

Palm City FL real estate

As soon as you decide that you will be putting your Palm City property up for sale—whether soon or at some point in the foreseeable future—it’s also time to get strategic about growing your property’s value—starting with a generous dollop of objectivity.

The difficulty stems from a truth about how everybody perceives much of their property’s value. We escape from hurly-burly of daily living by retreating to the comfortable confines of our home—our place. A good part of its value to us and to our family is its sheer familiarity—the “hominess” that makes it our personal haven. But some of the very things that make it so comfortable to us will be off-putting to outsiders—and they are the prospective buyers.

Our great leather easy chair (the dark brown one that’s gotten a few shades lighter where we sit, and a little off-color where the spills happened) may look a bit peaked to the untrained eye, but it’s been that way for years: who cares? The back door needs to be bolted to stay shut…we do that without even thinking about it—hardly an issue! The sofa may sag, but it sags exactly right (for us)! The bathroom window that’s sort of stuck (okay, maybe it’s painted shut)…etc. etc. etc.

Professionals are of one voice about the real value you add to a property when you go to the trouble of systematically depersonalizing it. It helps to approach doing that seriously and deliberately—to tackle it in an organized manner. There are any number of ways to go about that, but here is one way that will pay off:

Step 1: Make a list. Starting from one end of your Palm City property, note with pencil and paper every nit-picky detail that is other than what you would expect to find if it were a brand new home. This is not as easy as most people assume, because there will be such a great number of details, that

a) it will be very tempting to start skipping some of the minor ones, and

b) you will find it hard to resist the urge to start fixing the easy ones as you go along (don’t do it: you’ll derail the list-making!)

Step 2: After a decent interval, sit down with the list and re-classify each item into an Easy Self-Fix List and a Professional-Attention-Needed List.

Step 3: Get bids from the appropriate Palm City professional tradespeople, calculate which fit your budget, then schedule the work.

Step 4:  Get started on your own endeavors to address the Easy Self-Fix List. You’ll be able to organize your own efforts to finish up about two weeks after the last of the tradespeople are scheduled to finish their projects (a two week grace period is realistic: you are aiming to finish everything about the same time).

Following these four steps will put you well on your way to increasing the value of your Palm City property. And at any point in the process—from before Step 1 to the satisfying moment that closes Step 4—give me a call to discuss how to convert all that increased value into a profitable home sale!

Increasing the Value of Your Palm City Property in Four Steps

Hobe Sound FL 33455 Residential Market Report June 2015

07.21.15 by

Hobe Sound FL 33455 Residential Market Report June 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for June 2015

  For June 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 150 active listings. (Down by 30 homes from May)

Hobe Sound FL 33455 Residential Market Report June 2015

119 Residential sales are pending and awaiting close  (Up by 6 homes from May)

Hobe Sound FL 33455 Residential Market Report June 2015

61 Homes Sold in June (Down by 4 homes from last month)

Hobe Sound FL 33455 Residential Market Report June 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues to set a torrid pace for sales.  Though the continuing drop in available inventory will soon effect the volume of sales unless more product goes back on the market.  Can’t sell it if it’s not available.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dipped to 2.5 months (2.8 months in May).  Still an extreme seller’s market for the Hobe Sound area of Martin County.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for June 2014 were:  261 active listings, 95 pending sales and 40 closed sales.   A very significant drop in inventory, yet the volume remains better than last year.

Hobe Sound FL 33455 Residential Market Report June 2015

Search here for Hobe Sound Florida Real Estate for Sale

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

 

Hobe Sound FL 33455 Residential Market Report June 2015

Rocky Point July 2015 Market Update

07.21.15 by

Rocky Point July 2015 Market Update

Here is your Rocky Point July 2015 market update in Stuart Florida:

There are currently 33 active listings in Rocky Point.  List prices range from a low of $195,000 to $2,895,000 which results in an average list price of $655,834 or $229.57 per square foot of living area.

19 homes are under contract (pending sales) and awaiting closing.    Listing prices ranged from $165,000 to $1,400,000 for an average list price of $364,400 which is $163.97 per square foot of living area.

In the past 12 months, 73 homes have sold in Rocky Point with sales prices ranging from $65,000 to $1,035,000 for an average sales price of $285,739 which equals $149.26 per square foot of living area.  The average days on market was 96 with a 95% list to sales price ratio.

Rocky Point Homes for Sale in Stuart, Florida

 Rocky Point 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 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 real estate

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

Rocky Point real estate

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.

Rocky Point real estate 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.

Rocky Point real estate

 

 

Search the Martin County MLS
Search here for available homes in Rocky Point

 

Find the Perfect Home for Sale Today

Prices are low and the inventory has been shrinking.  Don’t miss the opportunity of a lifetime.  Search instantly for any size, location, price range to get you the BEST deal around!!!

courtesy of:
the Gabe Sanders real estate team

Stuart Florida Real Estate

Rocky Point July 2015 Market Update

 

Jensen Beach FL 34957 Condo Market Report June 2015

07.20.15 by

Jensen Beach FL 34957 Condo Market Report June 2015

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for June 2015

 

For June 2015 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 31 active listings. (Increased by 1 condos from May)

Jensen Beach FL 34957 Condo Market Report June 2015

11 Condo sales are pending and awaiting settlement. (Decreased by 1 condos from May)

Jensen Beach FL 34957 Condo Market Report June 2015

5 Condos Sold (Decreased by 3 condos from May)

Jensen Beach FL 34957 Condo Market Report June 2015

 The Jensen Beach FL 34957 Condo Market Report June 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.  Activity dropped off from the past few months very hot market to just a very good market for Jensen Beach condos.

The one month absorption rate for the June 2015, Jensen Beach Florida Market Report ZIP Code 34957 rose to 6.2  months (from 3.8 months in May), back into a long awaited balanced market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The June 2014 numbers were: 31 active listings, 10 pending sales and 3 condos closed.  Marginally better activity this year, though with such small numbers a trend is difficult to determine for this market.

Jensen Beach FL 34957 Condo Market Report June 2015

Jensen Beach Condominium Properties by Price


Jensen Beach Florida Real Estate presented by:
Gabe Sanders

 

Jensen Beach FL 34957 Condo Market Report June 2015

Murano Homes July 2015 Housing Market Update

07.20.15 by

Murano Homes July 2015 Housing Market Update

Palm City Florida Real Estate

Murano in Palm City Florida
There are currently 5 homes on the MLS in Murano with prices ranging from $269,000 to $349,000. This is an average list price of  $306,380 or $125.24 per sq. ft. of living area.
There are currently 4 homes under contract in the MLS.  List prices on these pending homes range from $248,000 to $289,000 for an average list price of $268,350 which equals $145.64 pr sq. ft. of living area.
In the past 12 months 6 homes have sold in Murano with sales prices ranging from $238,000 to $320,000 for an average sales price of $275,000 which is $117.96 per sq. ft. of living area.  The average days on market was 41 and the list to sales price ratio was 97%..
Murano Homes in Palm City FLConveniently located off of martin Downs Blvd and Sunset Trail, Murano is a new home community with 110 homes. Originally developed by Home Dynamics with homes built in 2007 and later this community was taken over by D. R. Horton with building resuming in 2011 to the present. Murano homes range from two story 5 Bedroom 4 bathroom homes of 0ver 3,200 sq. ft. to single story 2 Bedroom, 2 bath homes of just over 1,700 sq. ft.

This is a very family friendly neighborhood close to schools, shopping and Florida’s Turnpike for commuters. There is a community pool and low HOA fees of approximately $65 per month (as of this writing).

There may be a few new D. R. Horton homes available for sale, but this community is just about sold out so call us for details.

  • For the D.R. Horton homes, highlights include:
  • Choice of 5 NEW Floor plans
  • GE Appliance Package
  • Various home sites available including lakefront
  • Community Swimming Pool and Cabana
  • Top Rated Palm City Schools
  • Easy commute via I-95 or Florida Turnpike
  • Close proximity to area recreation including beaches, parks, boating, fishing and all types of water sports
  • Shopping, entertainment and restaurants are all nearby.

We are very excited to be able to offer some special promotional packages not available directly from the builder.

 Murano Homes in palm City Florida

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Murano Homes for Sale

Palm City Florida Real Estate is presented by:
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Murano Homes July 2015 Housing Market Update


Jensen Beach FL 34957 Residential Market Report June 2015

07.19.15 by

Jensen Beach FL 34957 Residential Market Report June 2015

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for June 2015

 For June 2015 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 119 active listings. (Down by 16 homes from last month)

Jensen Beach FL 34957 Residential Market Report June 2015

90 Residential sales are pending and awaiting close or lender approval. (Down by 2 homes from May)

Jensen Beach FL 34957 Residential Market Report June 2015

46 Homes Sold (Increased by 15 homes from May)

Jensen Beach FL 34957 Residential Market Report June 2015

The Jensen Beach FL 34957 Residential Market resumed it’s torrid pace for the year after just a slight breather in May.  Very strong activity in Jensen Beach residential sales.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 decreased to 2.6 months (was 4.4 months in May).  A very strong sellers market for Jensen Beach home sales but heading towards a balanced market.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The June 2014 numbers were: 122 active listings, 62 pending sales and 25 home sales closed.   Much better volume this year and encouragingly Jensen Beach inventory hasn’t declined as much as some other parts of Martin County.
Jensen Beach FL 34957 Residential Market Report June 2015

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All Residential properties for sale in the 34957 Zip Code area of Jensen Beach FL

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Jensen Beach Florida Real Estate presented by:
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Jensen Beach FL 34957 Residential Market Report June 2015

Crane Creek in Martin Downs July 2015 Housing Market Update

07.19.15 by

Crane Creek in Martin Downs July 2015 Housing Market Update

Crane Creek in Martin Downs

In July of 2015 there are 11 homes actively listed in Crane Creek.  List prices range from $375,000 to $675,000 for an average list price of $549,355 or $148.37 per sq. ft. of living area.

There are currently 2 Crane Creek homes are under contract and awaiting settlement, priced from $179,000 to $415,000 or an average list price of $314,333 which is $132.20 per sq. ft. of living area.

In the past 12 months there have been 22 sales in Crane Creek with sales prices ranging from $135,000 to $635,000 for an average sales price of $337,324 or $118.83 per sq. ft. of living area. The average days on market was 91 with a 95% list to sales price ratio.

Crane Creek in Martin Downs

The coast of Florida on the eastern side offers many wonderful locations. One of the secret attractions is Crane Creek real estate development. This community is found within Palm City. With all the accommodations the Palm City area has to offer it should not be a surprise that a select neighborhood such as Crane Creek real estate properties is a high commodity.

  • An abundance of parks to soak in the outdoors  from a climate that allows for it year round; fields for football, soccer, baseball, softball, lacrosse, tennis and basketball courts, skate rinks and parks, horseshoes, playgrounds, picnic areas, shelters, boat ramps and many more
  • A wide variety of fishing from saltwater to freshwater, surf to pier to deep water, charter, novice and expert, tournament or hobby
  • An assortment of arts and culture; musicals, plays, movie theaters, miniature golf, pleasure cruises, restaurants, fine art collections, gift shops, festivals, art shows, museums, theme parks
  • A large range of shopping experiences including leading retailers, specialty shops, charming boutiques, malls

Crane Creek in Martin Downs

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.

  • a spectacular clubhouse
  • 2 championship golf courses
  • 12 tennis courts
  • 2 swimming pools
  • a fully equipped fitness center

Crane Creek in Martin Downs

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 in Martin Downs

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Crane Creek in Martin Downs July 2015 Housing Market Update

Palm City FL 34990 Condo Market Report June 2015

07.18.15 by

Palm City FL 34990 Condo Market Report June 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for June 2015

 

For June 2015 in the 34990 Zip Code area of Palm City, Florida :



There are currently 51 active condo listings. (Down by 4 condos from May)

Palm City FL 34990 Condo Market Report June 2015

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

Palm City FL 34990 Condo Market Report June 2015

8 Condos Sold in June. (Up by 4 condos from May)

Palm City FL 34990 Condo Market Report June 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Fairly positive activity for June of 2015 with improving closed sales and pending sales.

The current absorption rate for condos in the 34990 zip code area declined to 6.4 months (was 13.8 months in August).   Sliding in the wrong direction for the Palm City condo market. A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The June 2014 numbers were: 56 active listings, 5 pending sales and 3 closed sales.   Somewhat better volume for the 2015 palm City condo market.
 Palm City FL 34990 Condo Market Report June 2015

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Palm City FL 34990 Condo Market Report June 2015

July 2015 Pinecrest Lakes Housing Market Report

07.18.15 by

July 2015 Pinecrest Lakes Housing Market Report

There are 10 actively listed homes for sale in the Pinecrest Lakes community as of July 2015.  Listing prices range from $339,990 to $639,900 for an average list price of $427,574 which equates to an average of $168.97 per sq. ft. of living area.
There are 4 homes under contract and awaiting closing. The list prices of these homes range from $339,900 to $449,900 or an average list price of $389,945 which is $148.09 per sq. ft. of living area.
In the past 12 months, 32 homes have sold in Pinecrest Lakes with sales prices ranging from $183,500 to $514,500 or an average sales price of $345,840 which is $146.50 per sq. ft. of living area.  These sales averaged 128 days on market and sold at 96% of list price.
Pinecrest Lakes Homes for Sale

The Pinecrest Lakes community of Jensen Beach FL was first developed in the late 70’s and early 80’s during a time when the Martin County Commissioners were notoriously stringent and restrictive about new developments in the area. Consequently this community has a distinctive feel and flavor. All homes are on at least a 1/2 acre lot with many on larger 1 to 2 acre lots. None of the homes are identical and all types of construction and paint schemes are allowed.

Pinecrest Lakes Homes for Sale

Pinecrest Lakes is located south of NE Jensen Beach Boulevard and just east of the new Green River parkway. Residents enjoy wide winding streets with sidewalks, street lights, underground utilities and public water. Community features include tot lots, parks, lakes and tennis courts.

Pinecrest Lakes Homes for Sale

Pinecrest Lakes is located in Martin County’s “A” rated school district. The local public elementary school, Jensen Beach Elementary School, is less than a mile away, within easy walking and biking distance for students. Students also attend Stuart Middle School in Stuart and Jensen Beach High School located approximately 1 mile northwest of the community on NE Jensen Beach Boulevard.

Pinecrest Lakes Homes for Sale

 

Pinecrest Lakes is also about 1 mile to the east of the Treasure Coast Square Mall, Martin County’s main shopping center. Residents are a short ride away from the beautiful beaches on Hutchinson Island, historic downtown Jensen Beach, Indian Riverside Park as well as numerous boat ramps and marinas that serve the vast boating resources available in Martin County.

 

Here are the currently available Pinecrest Lakes Homes for Sale in Jensen Beach, Florida

 

July 2015 Pinecrest Lakes Housing Market Report