May 2015 Monthly Market Detail Martin County Single Family Homes

May 2015 Monthly Market Detail Martin County Single Family Homes

The May 2015 Monthly Market Detail Martin County Single Family Homes is starting to show the effects of the rapid price increases and reduced inventory.  Year to year closed sales were down by 2.6% (was up 24.7% in April). New pending sales increased by 1.1% as compared to May of 2014 (increased by 23% in April).

The median sales price was down by 1.1% from last year (up by 5.1% in April) while the average price increased by 13% (was up by 14.9% last month).  Beginning to show some weaknesss 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 April 2015 by 173 homes to 1087 units this month, and this is also a 23.5% decrease from last May.  Current supply of inventory decreased to 4.8 months from April’s 5.6 months supply. (A 35.6% decrease from last year). The Martin County single family real estate market is back into a sellers market, though there are some major issues showing of late.  Primarily the lack of inventory of available homes for sale.

May 2015 Monthly Market Detail Martin County Single Family Homes

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

May 2015 Monthly Market Detail Martin County Single Family Homes

Jensen Park Estates Home Sold

Jensen Park Estates Home Sold

This Jensen Park Estates home located at 505 NE Vanda Terrado has been sold by the BlueWater realty team.  We wish our buyers the best in their new Martin County home which they purchased for $283,000.
Jensen Park Estates home

This beautiful 4/2 CBS home is located in the heart of Jensen Beach. There are high ceilings and crown molding throughout. Granite counters and all new stainless appliances. The master bedroom is very spacious with plenty of closet room and an amazing bathroom complete with walk in shower and spa tub. House is in move in condition and absolutely spotless.  Custom built bar not included but may be purchased separately. This is a must see!

Jensen Park Estates home Jensen Park Estates home

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 home Jensen Park Estates home

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.  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.

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For any questions you may have about Jensen Beach real estate, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Jensen Beach Florida Real Estate
Residential Homes, Condos and Land
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Jensen Park Estates Home Sold

In Stuart Location Location Location is More than a Catch Phrase

In Stuart Location Location Location is More than a Catch Phrase

 Fountain at Indian Riverside Park in Stuart - Jensen

“There’s No Place like Home” is one of those quaint sayings that somehow lasts forever, probably just because it’s so true. “Home is Where the Heart Is” is another one: corny, maybe, but undeniable.

There’s a strictly real estate saying that Martin County residents will recognize at once, too. Less corny as well as a good deal more practical. It’s “Location! Location! Location!”—and it’s every bit as true as the other ones. It’s the where of real estate, and although it is usually thought of in its commercial connection, to a slightly lesser degree, it has major Stuart residential significance.

For those of us who are already Stuart residents, where our next home should be located is almost certainly one of the two or three primary considerations. But even more so for out-of-towners who will be moving into our area. After price range, it’s a ruling factor: location location location—which Martin County neighborhood will be our best choice for home—is a good place to start.

When you’re brand new to any area, just thinking ‘location location location’ is one thing, but going about finding the right one in a timely manner isn’t necessarily easy. First step will be to consult the real estate professional you’ve teamed up with (a good one would be me!) and have an in-depth orientation conversation about our neighborhoods. Next come prioritizing your own priorities:

Professional. If you know the ‘location location location’ of where you’ll be working, the commute distance is likely to be a key factor. The convenience of having your Stuart home as close as possible to your work will only grow with time.

School. If you have school-aged children, you’ll want to research how the schools are rated, or opt to a top-notch private institution. Either way, getting the kids to and from can be less of a hassle if home is in the right place. Location, location, etc.!

Shopping. Weekend mall visits certainly don’t need to be right around the corner, but things like visits to the grocery store can become an irritant if it involves 15-minutes each way…every day! Perhaps not a governing factor, but one that gains importance over time.

Community. Church, social groups, cultural gatherings are either to your liking or less so. Once you have gauged all of those “practical” factors, it will take some local visits and conversations with residents to get the real flavor of the possible communities—and determine which seem most inviting. Access to sports and outdoor recreational facilities also fit into this category…which, taken together, can easily turn out to be the most important quality of life factor.

Unless you happen to be a longtime local resident, many of the qualities of a listing’s location location location in Stuart isn’t fully evident from the listing information. It takes some on-the-ground knowledge, and (ideally) more than one visit. It also will benefit when your buyer’s Realtor® is a knowledgeable and experienced local resident…which is another good reason to give me a call!

In Stuart Location Location Location is More than a Catch Phrase

May 2015 Monthly Market Detail Florida Single Family Homes

May 2015 Monthly Market Detail Florida Single Family Homes

The May 2015 Monthly Market Detail Florida Single Family Homes continues to show improved activity from last year though the rate of increased activity is moderating.  Closed sales were up by 7.7% (was up by 17.9% in April) and new sales under contract (new pending sales) increased by 1.5% (was up by 8.6% in April).

Both median and average sales prices continue to rise ( May 2014 to May 2015) by 11.1% and 1.9% respectively, compared to April’s 11.4% and 8.1%.  Home values continue to increase, but at least for May the rate of increases has settled down somewhat.

The inventory of available homes for sale fell by 5.7% from last year.  Some high demand areas of Florida have seen decreasing inventory for a number of months now.  For May there was only a 4.7 months supply of inventory, this is a sellers market with the advantage for sellers. (May of 2014 had a 5.7 month supply)

May 2015 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:

May 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.

May 2015 Monthly Market Detail Florida Single Family Homes

Calculations before Committing to a New Home in Palm City

Calculations before Committing to a New Home in Palm City

  Palm City Waterfront

You want your approach to finding a new home in Palm City to be at least somewhat hard-headed and businesslike. The financial stakes are certainly major, and to some extent, much of what your future lifestyle will be like will depend on making a good choice.

This is not to totally discount the emotional component that’s inevitably part of finding your new Palm City home. You do want your family to feel good about the final choice—you’ll be moving to the dwelling that will become everybody’s center of operations.

So if your repeat visit begins to convince you that this really is the place you’ve been hoping to find, it’s the appropriate time to take a step back to do your most hard-headed, businesslike projection. This is beyond the back-of-the-envelope kind of calculation (the one that originally guided the price range you gave to your Realtor). This is time to take everything into account to see how well this new Martin County home truly fits—on a number of counts.

A new home’s true affordability begins with the banker’s basic price formula—purchase price, mortgage, insurance and taxes. You should also contemplate the cost of having the property inspected and the closing costs (your Realtor® can give you a close estimate). But that’s not the whole picture—a new home’s true affordability also incorporates the difference between your family’s current expense profile and any factors that will change it.

For instance, if the square footage of the new home greater, you can expect that simple maintenance costs will rise proportionately (unless the new home’s condition is a good deal better than your current one). Utility costs may rise, too, if the living space is greater—unless more efficient systems are in place.

If the location will necessitate a change in driving distance or other transportation expenses, they should be taken into account. Does the new place have a significantly larger lawn or other landscaping features? If you have a green thumb and enjoy getting that kind of outdoor exercise (IOW, mowing), that won’t have much effect. If not, you’d better factor in a gardener’s bill.

There is one other element that’s easy to overlook, but accounting for it can eliminate the possibility that the whole move results in an unexpectedly depleted bank balance. Most people who are moving into a terrific new home forget to fully account for the few changes they’ll need to make before the place is perfectly suited their family. These could be minor, like changing out a light fixture that doesn’t fit the dining room table. Or they could be major, like addressing wholesale décor clashes that call for choosing between repainting the walls—or reupholstering— or even purchasing new furniture!

Helping you make sure your new Martin County home is a comfortable match for your family’s needs is a large part of the service I provide my buyers. If you are ready to take a look at the latest crop of Palm City new home offerings, I’ll be standing by for your call!

Calculations before Committing to a New Home in Palm City

Hobe Sound FL 33455 Residential Market Report May 2015

Hobe Sound FL 33455 Residential Market Report May 2015

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

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

There are currently 180 active listings. (Up by 2 homes from April)

Hobe Sound FL 33455 Residential Market Report May 2015

113 Residential sales are pending and awaiting close  (Down by 20 homes from April)

Hobe Sound FL 33455 Residential Market Report May 2015

65 Homes Sold in May (Down by 3 homes from last month)

Hobe Sound FL 33455 Residential Market Report May 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues to set a torrid pace and is the winner for the strongest activity in residential sales for the county.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 eaked up to 2.8months (2.6 months in April).  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 May 2014 were:  272 active listings, 84 pending sales and 47 closed sales.   Considerably better activity this year even with the reduced inventory.

Hobe Sound FL 33455 Residential Market Report May 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 May 2015

3 Inexpensive Improvements to Boost a Sewalls Point Home’s Value

3 Inexpensive Improvements to Boost a Sewalls Point Home’s Value

 Sewalls Point Real Estate

When it comes to boosting your Sewalls Point home’s value, the question arises about which of the possible improvements that you might undertake would wind up paying for themselves. At first blush, you might think this should be a cut-and-dried analysis­—that is, any improvements that don’t at least add their own cost to the asking price should be disqualified.

But that would be to discount the fact that a property’s improved condition can speed its sale. When a few improvements might change the overall impression from ‘fixer-upper’ to ‘move-in-ready,’ true value is added. Too many days on market can wind up being costly to the seller, not only because of the inconvenience factor, but because interested buyers may assume a deeply discounted offer will have a better chance of being accepted.

In any case, especially when the budget for improvements is especially tight, there are some cheap fixes that can be counted as especially likely to recoup their cost. Here are three that Stuart sellers can consider:

Let There Be Light

Nothing torpedoes a Sewalls Point home’s marketability like the impression that it’s a creaky old relic. We’re not talking about homes that merit ‘antique’ status, which is a plus, but those with rooms that seem gloomy: the opposite of those with bright, airy spaces that convey a cheerful feeling. Because rebuilding a room to actually expand its physical dimensions is expensive, one solution is to create an improved atmosphere with light: adding or replacing light fixtures.

To maximize your bang for the buck, consider adding a showpiece fixture or two—perhaps a chandelier or pair of wall sconces—in key locations. The kitchen, dining room, and entryway/foyer are all great choices for a hanging light fixtures. Buyers often tend to focus on those areas, and respond well when they are transformed into warm and inviting spaces.

Seed Your Way to Curb Appeal

It’s a truism that curb appeal is vital, but when time and budget make it impractical to deal with a full front yard do-over, one of the least costly improvements that immediately boosts eye-appeal is to put the lawn in top condition with a quick reseed. Brown patches and bare spots are a sure way to kill a lawn’s visual appeal, and even otherwise-healthy areas can get a boost from thicker growth. A variety of easy-to-use products are available that allow you to simply sprinkle an all-in-one mixture of fertilizer and seeds that will take root and grow quickly. Take a pass over the lawn now, and with consistent watering, by summer the entire yard can look terrific!

Update Vintage Plumbing

While appearance matters, buyers are still going to be very interested in the “guts” of the home. If you’re dealing with an older Sewalls Point house, it’s likely that the plumbing has seen better days. Fortunately, replacing or upgrading pipes doesn’t have to be as expensive and disruptive a project as used to be the case. Modern technology allows new plastic piping to be snaked between the walls through a few small holes. Amazingly, today’s plumbers can sometimes even avoid installing new pipes by lining existing pipes with self-expanding vinyl bladders that seal leaks and protect water quality.

I’m always happy to provide a no-obligation consultation to discuss which budget-wise improvements have a track record of adding appeal to Stuart home buyers. Why not give me a call?

3 Inexpensive Improvements to Boost a Sewalls Point Home’s Value

Jensen Beach FL 34957 Condo Market Report May 2015

Jensen Beach FL 34957 Condo Market Report May 2015

 

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

 

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



There are currently 30 active listings. (Increased by 2 condos from April)

Jensen Beach FL 34957 Condo Market Report May 2015

12 Condo sales are pending and awaiting settlement. (Decreased by 4 condos from April)

Jensen Beach FL 34957 Condo Market Report May 2015

8 Condos Sold (Decreased by 3 condos from April)

Jensen Beach FL 34957 Condo Market Report May 2015

 The Jensen Beach FL 34957 Condo Market Report May 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic.   Closed sales were off a little, but still an active sellers market.

The one month absorption rate for the May 2015, Jensen Beach Florida Market Report ZIP Code 34957 rose to 3.8  months (from 2.5 months in April), still a sellers market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The May 2014 numbers were: 31 active listings, 9 pending sales and 5 condos closed.  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 May 2015

Jensen Beach Condominium Properties by Price


Jensen Beach Florida Real Estate presented by:
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Jensen Beach FL 34957 Condo Market Report May 2015

Vista del Lago June 2015 Market Report

Vista del Lago June 2015 Market Report

As of June 2015, there are 3 active listings in Vista del Lago. The list prices range from $49,900 to $74,900 for an average list price of $64,600 which equates to $76.22 per sq. ft. of living area.

There are currently two condos under contract which have not closed yet.  List prices were $37,00 and $50,000 for an average of $43,950 which equals $50.02 per sq. ft. of living area.

26 condos have sold in the past 12 months. Sales prices were from $33,000 to $85,000 with the average being $59,796. This equals $64.08 pr sq. ft. of living area. The average days on market was 50 days and these condos sold on average at 94% of list price.

 Vista del Lago in Stuart FL

The Vista del Lago condominium complex consists of over 500 condos located north of the Roosevelt Bridge and west of Federal Hwy (US-1) in North Stuart.  This attractive complex is very conveniently located near shopping, restaurants and a quick drive to either downtown Stuart or Jensen Beach.  Just a few minutes more and you can be on the Ocean in either Stuart or Jensen Beach.

Vista del Lago in Stuart FL Vista del Lago in Stuart FL

Vista del Lago condos were first built in 1974 and the last one was completed in 1979.   All the buildings are two story and contain both 2 Bedroom, 2 Bath and 1 Bedroom 1 Bath units.  Sizes range from 1,014 sq. ft. of living space down to 631 sq. ft. 1 bedroom units.  Many of these condos have attractive water views as well as some with golf course views of the Pine Lakes Golf Club.

Vista del Lago in Stuart FL Vista del Lago in Stuart FL

There’s an active clubhouse with a large swimming pool as well as shuffleboard courts.  No pets are permitted in Vista del Lago and this is an age restricted (55+) community.  The HOA fees as of June 2015 were from the low $200’s for a 1 Bedroom unit to just under $300 per month for 2 Bedroom condos.

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Vista del Lago Homes for Sale

Vista del Lago June 2015 Market Report

Mariner Village Home With Lake Views Sold

Mariner Village Home With Lake Views Sold

Mariner Village Homes for Sale

5085 SE Devenwood Way in Stuart FL has been sold by the Gabe Sanders BlueWater Realty Team.  With the current strong activity in the Stuart FL area, this home was on the market for only 18 days.  The buyers purchased this home for $297,000.

Mariner Village Homes for Sale Mariner Village Homes for Sale

A wonderfully maintained Mariner Village home with spectacular long views of the entire lake. Fabulously located in the southern most area of Stuart adjacent to Hobe Sound with easy access to restaurants, shopping, and the beaches. This CBS three bedroom home with 2 full baths features 10′ ceilings, crown moldings, tile in main living areas & carpeted bedrooms (tile underneath). Also, an updated kitchen with stainless steel appliances & granite countertops. This home was professionally decorated with all window treatments & blinds which convey with the sale. Additional storage available through the pull-down ladder in garage, hurricane shutters. The furnishings are negotiable.

Mariner Village Homes for Sale Mariner Village Homes for Sale

Mariner Village Homes for Sale

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Mariner Village Home With Lake Views Sold

Price Reduced Spacious 4 BR Jensen Beach Home

Price Reduced Spacious 4 BR Jensen Beach Home

Reduced to $363,000.  Check out this spacious home on a double lot with a 3 car garage and no HOA.

Spacious 4 BR Jensen Beach Home

Beautiful large Key West style home in Jensen Beach. Featuring  bedrooms and 2 full bathrooms in the main section of the home with a mother-in-law apartment located over the garage. This large space is approximately 28 x 32 ft. and could also be used as a game or theater room. This apartment has its own private bath and entrance with stairs and a patio. The spacious master bedroom has trey ceilings, a double walk-in closet, large bath with spa tub and a separate walk-in shower with dual rainfall shower heads, double sinks and double mirrors. The kitchen has granite counters with a breakfast bar. There’s also an additional family/game room with built in shelves. Wrap around porch, 3 car garage on a double lot, with lots of room for parking multiple boats and RVs.

Spacious 4 BR Jensen Beach Home Spacious 4 BR Jensen Beach Home

For additional pictures and information please click on this link.

Spacious 4 BR Jensen Beach Home Spacious 4 BR Jensen Beach Home

For any questions you may have about Spacious 4 BR Jensen Beach Home, please call the Gabe Sanders BlueWater real estate team at 772-323-6996 or Contact Us Here

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Price Reduced Spacious 4 BR Jensen Beach Home

 

Palm City FL 34990 Residential Market Report May 2015

Palm City FL 34990 Residential Market Report May 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for May 2015

 

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


There are currently 361 active listings (Decreased by 20 homes from April)

Palm City FL 34990 Residential Market Report May 2015

  204 Residential sales are pending and awaiting close or lender approval. (Decreased by 13 homes from last month)

Palm City FL 34990 Residential Market Report May 2015

100 Homes Sold in April (Increased by 27 sold homes from April)

Palm City FL 34990 Residential Market Report May 2015

The Palm City FL 34990 residential real estate market was very strong for May.  Closed sales were up from last month while the pending sales dropped slightly.  Unfortunately the active inventory continues to declines which may impact the future sales for this area.
 The current absorption rate dropped to 3.6 months from 5.2 months in April.  A sellers’ market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The May 2014 numbers were:  436 active listings, 175 pending sales and 72 closed sales.  Even with the reduced inventory, considerably stronger volume for this year when compared to last.

Palm City FL 34990 Residential Market Report May 2015

 Search here for Palm City Florida Real Estate for Sale

Palm City Florida Real Estate presented by:
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Palm City FL 34990 Residential Market Report May 2015

Bay Colony of Stuart June 2015 Market Report

Bay Colony of Stuart June 2015 Market Report

As of June 2015, there is only 1 active listing in the Bay Colony of Stuart. This home is listed for $989,900 or $420.16 per sq. ft. of living area.

There are currently no homes under contract or pending.

2 homes have sold in the past 12 months.  Ranging in sales price from $344,000 to $433,000. The average sales price was $388,500 which equals $127.99 per sq. ft. of living area. These sales averaged 94% of listing price and the average was 47 days on market.

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The Bay Colony of Stuart is an exclusive gated community lying on the shores of the North Fork of the Saint Lucie River.  There are 34 home sites in Bay Colony and as of February 2015 only two vacant lots remain.

Bay Colony of Stuart

Many homes in Bay Colony are waterfront and enjoy gorgeous mile long wide open views of the river.  Homes come in sizes from 3 bedroom, 2 bathroom homes of just over 2,000 sq. ft. of living area up to a 5 bedroom, 5 bathroom home with over 5,000 sq. ft. of living space and almost 6,300 sq. ft. under roof.  Homes have been built from 1979 to the newest which was completed in 2005.

Bay Colony of Stuart Bay Colony of Stuart

This community enjoys low HOA fees of only $775 per year which go towards maintaining the common areas and gate.

Excellent location that’s close to the Treasure Coast Mall and the shopping areas of US-1 in Jensen Beach as well as only a few minutes to the beaches of the Atlantic Ocean.

This community is in the Martin County School system and children attend the Felix Williams Elementary, Stuart Middle and Jensen Beach High Schools.

 Bay Colony of Stuart Bay Colony of Stuart

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Bay Colony Homes for Sale

Bay Colony of Stuart June 2015 Market Report

 

Becker Rd Area 4 BR Home Leased

Becker Rd Area 4 BR Home Leased

4541 SW Athena Dr for Rent

Sorry, but you missed this 4 BR Port St Lucie home for an annual lease for $1,700 a month.  It has now been leased.

4541 SW Athena Dr for Rent 4541 SW Athena Dr for Rent

Enter this large 4 bedroom home with 2 bath, 2 car garage plus a den that could be used as a 5th bedroom. Vaulted ceilings with lots of natural light. Great family home with eat-in kitchen, breakfast bar and panty. Family room has sliding glass doors to cover patio where you can BBQ and enjoy the outdoors. The master bath has double sinks, make-up table, garden tub and walk-in closet. The laundry room is located in the house. Bring your own washer/dryer or landlord will provide a set. Located on a quiet street close to the Turnpike, Becker Road, Publix, Restaurants and shops.

4541 SW Athena Dr for Rent 4541 SW Athena Dr for Rent

4541 SW Athena Dr for Rent 4541 SW Athena Dr for Rent

This Port St. Lucie rental home is offered for lease by the Gabe Sanders BlueWater Realty Team

To search for additional Port St Lucie rental homes click on our rental search here.

Becker Rd Area 4 BR Home Leased

Stuart FL 34997 Residential Market Report May 2015

Stuart FL 34997 Residential Market Report May 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for May 2015

 

There are currently 279 active listings (Decreased by 36 homes from April).

Stuart FL 34997 Residential Market Report May 2015

225 Residential sales are pending and awaiting close or lender approval (Increased by 2 homes from April).

Stuart FL 34997 Residential Market Report May 2015

91 Homes Sold in May (Decreased by 7 homes from April)

Stuart FL 34997 Residential Market Report May 2015

      The Stuart Florida Residential Market for ZIP Code 34997 continues to outperform most other Stuart FL areas in the single family real estate market.  Our inventory took another major drop as sales are going faster than homeowners are willing to list on the market.  Both pending sales and closed sales remain very strong, but the reduced inventory may be a sign of some weaker future volume.
     The current one month absorption rate decreased slightly to 3.1  months (was 3.2 months for April).  Moving to even a stronger seller’s market for the 34997 zip code area of Stuart, FL.  Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.
     The 2014 numbers for May, were: 413 active listings, 164 pending listings and 107 closed sales.  Considerably better pending activity this year, but the reduced inventory is very troubling.
Stuart FL 34997 Residential Market Report May 2015

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

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

 

Stuart FL 34997 Residential Market Report May 2015

 

Port St Lucie Key West Style Home Under Contract

Port St Lucie Key West Style Home Under Contract

 1465 SW Algardi Lane

Sorry you missed it.  This Port St Lucie 4 BR Key West Style home is under contract and all contingencies have been removed.

1465 SW Algardi Lane 1465 SW Algardi Lane

Beautiful key west style home with 4 bedrooms and 3 baths with wrap around porch and backyard deck. There are 2 master suites, 1 downstairs and 1 upstairs. Tile through out the first floor with carpet in the upstairs bedrooms. Stainless steel appliances with granite in kitchen. Freshly painted inside. Large garage with plenty of room for a work bench.  Downstairs bath has new vanity and shower with glass blocks, master bath upstairs has double walk in closets and double vanity sinks. New landscape in front with trees in back for privacy.

1465 SW Algardi Lane 1465 SW Algardi Lane

Port St Lucie has been ranked as one of the cleanest, safest and fastest-growing cities in the United States . With that in mind, traditional neighborhoods are a popular choice in Port St. Lucie real estate. Ideal for growing families, traditional neighborhoods are made up of single-family homes—free-standing structures that share no walls with other homes. Port St. Lucie’s neighborhoods are conveniently located, with a large selection of restaurants, schools, banking, healthcare services, shopping and entertainment opportunities nearby.

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Port St Lucie Key West Style Home Under Contract

“Credit Score Whack-a-Mole” for Stuart Mortgage Applicants

“Credit Score Whack-a-Mole” for Stuart Mortgage Applicants

 credit score

You may have wondered why there are credit repair companies out there since the credit reporting agencies have to allow any Stuart consumer to dispute incorrect line items on their own. The big Credit Reporting Agencies (“CRAs”) even have online systems for challenging erroneous information. The Agency must act speedily to investigate and correct any false information. Soooo, why pay someone else to just fill out their form?

The answer seems to be the same one that makes practitioners in the legal profession permanently in demand: it’s in the fine print. And in this case, it could be that some of that fine print is written in invisible ink.

As you can well imagine, speed is vital when a would-be Martin County mortgage applicant finds a credit score that’s lower than expected. The mortgage companies will decide whether you qualify (and how much interest to charge) based largely on that credit score. The actual details about how speedily the CRA must act are all contained in the fine print located in the FDIC’s Consumer Protection regulations, “Procedure in case of disputed accuracy” (6500, § 611). Once you notify the CRA, they have to investigate the validity of your claim and (without charging you a dime) determine within 30 days whether the item is accurate. More fine print describe further protections you have—

PARAGRAPH 2: The CRA has but 5 days to notify the company or person who provided the information about your challenge.

PARAGRAPH 6: The CRA has to provide you the results of their investigation in writing, and, if you’ve asked for it, describe the steps they took to arrive at their decision.

PARAGRAPH 7: If you didn’t know that you had the right to receive the above description, they must furnish it within 15 days after you later request it.

Those sound like pretty solid protections—vitally important since the CRA can’t just sweep your dispute under the rug, stall, or ignore you altogether. After all, they have to detail in writing how strenuously they worked to protect you! Right?

Except for one problem, which is in PARAGRAPH 8. If the CRA simply drops the disputed item from your current report within the first 3 days, that’s officially considered an expedited dispute resolution. Since the item has been dropped, that might seem to be a solid win. But PARAGRAPH 8 says that if the CRA does that, it no longer has to do anything demanded in Paragraphs 2,6, and 7! It’s as if those protections were written in invisible ink…so that next month, if the company or person just reports the same thing, voila! your credit report might once again go back to Square One. The CRA is supposed to notify you 5 days in advance; but let’s face it, the phrase ‘Catch-22’ comes to mind…or ‘Credit Score Whack-a-Mole’…

What can you do, short of hiring repair agency experts to fix your credit score? Most commentators are in agreement: just stay away from the online dispute forms. Send a registered letter with your dispute, because it usually takes the CRA longer than three days to act on it, so they can’t skip the protections.

And while you’re waiting, why not give me a call? We can start scouting for your new Stuart home!

Long-Range Strategy for Selling a Home in Palm City

Long-Range Strategy for Selling a Home in Palm City

 Lake Grove in Palm City

This is actually a situation that’s very common, but not much remarked upon: you know you are going to be selling your Palm City home—only not for a while…and perhaps not for a very long while! Is there anything you should be doing now, long before actual preparations are called for?

There sure is! Let’s call these low-intensity preparations. They may be low-intensity in the immediacy department, but when the distant day arrives when you are selling your home, they can be very fortuitous. Here are some of the elements you can benefit from putting into action long before you expect to need them—

LANDSCAPING:

Number One (the most obvious and perhaps most important) is landscaping. Trees and bushes are part of the backdrop of our everyday living, and something many people—even gardeners—may tend to accept without envisioning large-scale changes. That’s because they grow so slowly it doesn’t seem realistic to worry about what might be possible. But when you think long-range, landscaping should be at the forefront. When the time comes for selling your home, a vision first initiated five or 10 years earlier can become a colorful and shady reality, worth a very great deal in terms of the overall impression your Palm City home makes.

THE MECHANICALS:

It’s human nature to just put up with heating, plumbing, air conditioning and other systems that could operate much more conveniently and economically, but which are expensive to overhaul. But think realistically: if you know that later on you will be selling your Palm City home—and realistically will certainly have to upgrade those vexing mechanicals when that happens—give serious thought to taking action earlier…even NOW! Not only will you be able to enjoy the improvement­, it’s entirely possible that savings realized from the gains in efficiency will materially offset your initial outlay. Why let the future owners get all the benefit?

PHOTOGRAPHY:

When you are selling a home, photography is one of the most impactful marketing tools you’ll have at your disposal. A couple of years before you plan to join the Palm City listings, keep a camera ready to snap those fleeting moments when the season and light combine to make some detail of garden or home magically illuminated. Even a professional photographer can’t ‘make’ such moments happen. As Ansel Adams’ outdoor masterpieces confirmed: the perfect light at the perfect season is worth more than money can buy.

INFORMATION:

It doesn’t hurt to keep abreast of happenings in the national and Martin County real estate market, so that you’re informed about what to expect when you ultimately join the fray. One of the best ways to do that (other than to keep reading my blog) is to check out the neighborhood listings from time to time: they’re here on my site. And one of the best ways to proceed when the moment does arrive when you will be selling your home in Palm City is (of course) to give me a call!

Stuart Florida Market Report ZIP Code 34994 Residential May 2015

Stuart Florida Market Report ZIP Code 34994 Residential May 2015

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for May 2015

For May, 2015 in the 34994 Zip Code area of Stuart, Florida :

There are currently 72 active listings (Increased by 4 homes from April)

Stuart Florida Market Report ZIP Code 34994 Residential May 2015

31 Residential sales are pending and awaiting close or lender approval (Decreased by 2 homes from last month).

 Stuart Florida Market Report ZIP Code 34994 Residential May 2015

13 Homes Sold in April (Down by 8 homes from April)

Stuart Florida Market Report ZIP Code 34994 Residential May 2015

The 34994 ZIP code area of the Stuart, Florida took a small breather from the torid activity levels of last month.  There are still some solid pending and closed sales numbers, though we’d like to see a larger increase in inventory.

The one month absorption rate for the 34994 zip code for May increased to 5.5 months from last months 3.2 months, moving closer to a balanced market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

The May 2014 numbers were 73 Active Listings, 32 pending sales and 10 closed sales.  Almost identical activity to last year.

Stuart Florida Market Report ZIP Code 34994 Residential May 2015

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Stuart Florida Market Report ZIP Code 34994 Residential May 2015

June 2015 Market Update for Ballantrae

June 2015 Market Update for Ballantrae

For June 2015 there are 6 active listings in the Ballantrae community in the Sandpiper section of Port St Lucie, FL.  List prices range from $187,900 to $426,900 for an average list price of $296,933 which equals $130.46 per sq. ft. of living area.

There are 4 homes under contract which have not closed to date.  List prices were from $219,000 to $369,000, which averages to $294,000 or $128.32 per sq. ft. of living area.

In the past 12 months, there have been 21 home sales.  Sales prices ranged from a low of  $135,000 up to $950,000 for an average sales price of $396,291 or $141.19 per sq. ft. of living area.  Listings stayed on the market for an average of 116 days and sold at a 92% list to sales price ratio.

Ballantrae in Port St. Lucie

Ballantrae is a gated community of over four hundred homes located in Port Saint Lucie, Florida. We’re on the North Fork of the Saint Lucie River with direct access to the South Fork of the river which leads to Lake Okeechobee and the Gulf of Mexico. In addition, the Indian River Intracoastal Waterway and access to the Atlantic Ocean via the St. Lucie inlet are both within an easy sail down the river.

Ballantrae in Port St. Lucie

Ballantrae in Port St. Lucie

There is a newly updated and private Jack Nicklaus Signature golf course, Santa Lucia River Club. This is a par 72 championship course of masterful design that winds through 402 acres of upland preserves, oak hammocks, and stands of mature pines.

Ballantrae in Port St. Lucie Ballantrae in Port St. Lucie

In addition to golf and boating, we offer tennis, swimming, fishing, and a Homeowners Community Clubhouse which is the center of many community activities.

View our slideshow of Ballantrae

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