February 2015 Monthly Market Detail Florida Single Family Homes

03.26.15 by

February 2015 Monthly Market Detail Florida Single Family Homes

The February 2015 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors continues to show  improvement from last years results. Closed sales were up by 19% (was up by 10% in January) and new sales under contract (new pending sales) increased by 14.7% (was up by 10.5% in January).

Both median and average sales prices continue to rise ( February 2014 to February 2015) by 9.1% and 0.7% respectively, compared to January’s 7.9% and 7.4%.  Home prices continue to rise, though we are expecting some moderation in the rate in the near future.

The inventory of available homes for sale rose by 2.1% from last year. This is now a full 17 months of increased inventory.  The rate of inventory increases has declined significantly from previous months and this is an important statistic to watch for the future. For this month there was only a 5.3 months supply of inventory, this is a sellers market with the advantage for sellers. (February of 2014 had a 5.7 month supply)

February 2015 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:

February 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.

February 2015 Monthly Market Detail Florida Single Family Homes

Garden Villas Townhouse Back on Market at New Price

03.12.15 by

Garden Villas Townhouse Back on Market at New Price

Garden Villas Townhouse Back on Market at New Price

Back on the market, this north Stuart townhouse in Garden villas, and even better, the price has been reduced to $114,900.

Garden Villas Townhouse Back on Market at New Price Garden Villas Townhouse Back on Market at New Price

Conveniently located in North River Shores area. Beautiful townhouse with stainless steel appliances, tile, large private courtyard for Florida outdoor living, fountain in courtyard, large living room with sliders for bright open airy feeling, skylight in stair area, both bedrooms have a balcony. Unit located in the back with a woodsy view. Large walk-in closet in master bedroom. Accordion storm shutters on all windows. Close to mall, restaurants, entertainment and downtown. Minutes from the beach. Low HOA fee in a pet friendly development. Florida living at its best!

Garden Villas Townhouse Back on Market at New Price Garden Villas Townhouse Back on Market at New Price

Search for all Stuart FL Real Estate

MLS-Search-small-e1288972755743

Stuart Florida real estate from the Gabe Sanders BlueWater Realty Team.  Our specialty is finding fine homes, condos and vacant land for our preferred customers.

Garden Villas Townhouse Back on Market at New Price

 

January 2015 Monthly Market Detail Florida Single Family Homes

02.24.15 by

January 2015 Monthly Market Detail Florida Single Family Homes

The January 2015 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors indicates continued growth of market activity for the single family real estate market when compared to last January. Closed sales were up by 10% (was up by 15.8% in December) and new sales under contract (new pending sales) increased by 10.5% (was up by 6.4% in December).

Both median and average sales prices continue to rise ( January 2014 to January 2015) by 7.9% and 7.4% respectively, compared to December’s 6.9% and 5.9%.  Once again it seems that prices are poised for some healthy gains as interest rates remain very low making home loans more affordable.

The inventory of available homes for sale rose by 4.4% from last year. This is now a full 16 months of increased inventory.  The rate of inventory increases has declined significantly from previous months and this is an important statistic to watch for the future. For this month there was only a 5.3 months supply of inventory, this is a sellers market with the advantage for sellers. (January of 2014 had a 5.5 month supply)

Florida Single Family Homes

Click here to view or download the full report:

January 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.

January 2015 Monthly Market Detail Florida Single Family Homes

Garden Villas Townhouse Under Contract

01.30.15 by

Garden Villas Townhouse Under Contract

Garden Villas Townhouse Under Contract

Less than a week on the market, this north Stuart townhouse in Garden villas has gone under contract by the Gabe Sanders BlueWater Realty Team.  The list price is $119,900 for this nicely updated unit in a great location.

Garden Villas Townhouse Under Contract Garden Villas Townhouse Under Contract

Conveniently located in North River Shores area. Beautiful townhouse with stainless steel appliances, tile, large private courtyard for Florida outdoor living, fountain in courtyard, large living room with sliders for bright open airy feeling, skylight in stair area, both bedrooms have a balcony. Unit located in the back with a woodsy view. Large walk-in closet in master bedroom. Accordion storm shutters on all windows. Close to mall, restaurants, entertainment and downtown. Minutes from the beach. Low HOA fee in a pet friendly development. Florida living at its best!

Garden Villas Townhouse Under Contract Garden Villas Townhouse Under Contract

Search for all Stuart FL Real Estate

MLS-Search-small-e1288972755743

Stuart Florida real estate from the Gabe Sanders BlueWater Realty Team.  Our specialty is finding fine homes, condos and vacant land for our preferred customers.

Garden Villas Townhouse Under Contract

 

December 2014 Monthly Market Detail Florida Single Family Homes

01.25.15 by

December 2014 Monthly Market Detail Florida Single Family Homes

The December 2014 Monthly Market Detail Florida Single Family Homes as reported by Florida Realtors showed continued strengthening market activity for the single family real estate market when compared to last December. Closed sales were up by 15.8% (was up by 10.7% in November) and new sales under contract (new pending sales) increased by 6.4% (was up by 6.1% in November).

Both median and average sales prices continue to rise ( December 2013 to December 2014) by 6.9% and 5.9% respectively, compared to November’s 3.5% and 3.3%.  Once again it seems that prices are poised for some healthy gains as interest rates remain very low making home loans more affordable.

The inventory of available homes for sale rose by 1.2% from last year. This is now a full 15 months of increased inventory.  The rate of inventory increases has declined significantly from previous months and this is an important statistic to watch for the future. For this month there was only a 5.2 months supply of inventory, this is a sellers market with the advantage for sellers. (December of 2013 had a 5.5 month supply)

December 2014 Monthly Market Detail Florida Single Family Homes

Click here to view or download the full report:
December 2014 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.

December 2014 Monthly Market Detail Florida Single Family Homes

North Stuart Townhouse Garden Villas Just Listed

01.24.15 by

North Stuart Townhouse Garden Villas Just Listed

North Stuart Townhouse Garden Villas Just Listed

New on the market, this north Stuart townhouse in Garden villas was just listed by the Gabe Sanders BlueWater Realty Team.  The list price is $119,900 for this nicely updated unit in a great location.

North Stuart Townhouse Garden Villas Just Listed North Stuart Townhouse Garden Villas Just Listed

Conveniently located in North River Shores area. Beautiful townhouse with stainless steel appliances, tile, large private courtyard for Florida outdoor living, fountain in courtyard, large living room with sliders for bright open airy feeling, skylight in stair area, both bedrooms have a balcony. Unit located in the back with a woodsy view. Large walk-in closet in master bedroom. Accordion storm shutters on all windows. Close to mall, restaurants, entertainment and downtown. Minutes from the beach. Low HOA fee in a pet friendly development. Florida living at its best!

North Stuart Townhouse Garden Villas Just Listed North Stuart Townhouse Garden Villas Just Listed

Search for all Stuart FL Real Estate

MLS-Search-small-e1288972755743

Stuart Florida real estate from the Gabe Sanders BlueWater Realty Team.  Our specialty is finding fine homes, condos and vacant land for our preferred customers.

North Stuart Townhouse Garden Villas Just Listed

 

Know Your Mortgage Options

08.22.09 by

If any of your friends or family have recently applied for a home loan, you’ve probably heard that lenders are nervous, with tough new rules and demands for stacks of paperwork. Good mortgages are still out there, but you should be prepared before applying.

First, understand how your credit score impacts the interest rate charged on your loan. If your score is 720 or higher on the scale of 850, you will qualify for the best rates. If it’s between 700 and 719, you could expect 0.375% added to that rate, while a score between 680 and 699 might add 0.5%.

Next, determine how much you have available for a down payment, and how that will affect your loan’s terms. A “conforming loan” (that would be purchased by Fannie Mae or Freddie Mac) will require a minimum 10% down payment.

However, if you don’t have that much to put down, you can investigate a Federal Housing Administration (FHA) or Veterans Administration (VA) loan. These government-backed loans are targeted toward those with lower credit scores and only require a 3.5% down payment.

You can even use this year’s First Time Homebuyer Tax Credit to help pay closing costs, buy down the interest rate, or add to your minimum down payment. Just have employment, banking, and tax records organized, and be patient while overworked lenders review your application.

We know and understand the current financing methods available on the Treasure Coast of Florida. Why not visit our website or call us at (772) 888-2885.

Short Sales

05.02.09 by

In areas where home prices have significantly declined, some owners find themselves strapped with mortgages that total more than their home’s value. When options such as extending the term of the loan or negotiating a lower interest rate have been exhausted, then a short sale may provide the solution.

However, short sales are complicated, requiring approval from a number of parties, so you need the representation of a professional to make sure the transaction moves quickly. You can have more than half of the paperwork done before that first offer even comes in.

Most lenders require an application package to be completed by the sellers, including a financial worksheet, as well as a letter of hardship explaining why the owners cannot continue to pay the mortgage. The real estate agent can also help with other aspects of the required paperwork, which should be assembled before the property is listed.

While the bank may be willing in such cases to accept less than the mortgage balance, the buyer’s offer must still reflect a fair price under current market conditions, so be sure to consult with an agent in order to arrive at a reasonable price that will be accepted by all parties, including the lender.

Short sales may not be easy, but they do provide an “exit strategy” for homeowners most in need of a solution.

If you’re interested in pursuing a short sale as either a seller or a buyer, your odds are greatly improved with agents that have an intimate knowledge of the process and a successful track record with short sales. Give us a call at (772) 323-6996 or visit us on the web at www.GabeSanders.com or www.TreasureCoastFLHomes.com. Our office is located at 2391 SE Ocean Blvd. in Stuart, Florida; please ask for Gabe Sanders.