Palm City FL 34990 Condo Market Report May 2017

Palm City FL 34990 Condo Market Report May 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for May 2017

 

For May 2017 in the 34990 Zip Code area of Palm City, Florida :



There are currently 76 active condo listings. (Decreased by 10 condos from April)

   Palm City FL 34990 Condo Market Report May 2017

11 Condo sales are pending and awaiting close or lender approval. (Up by 2 condos from last month)

Palm City FL 34990 Condo Market Report May 2017

4 Condos Sold in May. (Down by 4 condos from April)

Palm City FL 34990 Condo Market Report May 2017

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Market activity remains pretty slow for Palm City condos and remains a difficult market for sellers.  (Though a good part of this difficulty comes from two equity golf club communities.)

The current absorption rate for condos in the 34990 zip code area jumped to 19 months (was 10.8 months in May).  A strong buyers’ market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The May 2016 numbers were: 62 active listings, 13 pending sales and 7 closed sales.   Better volume on lower inventory from last year.
Palm City FL 34990 Condo Market Report May 2017

Stuart Florida Real Estate presented by:
Gabe Sanders

 

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report May 2017

Carriage Hill Condos June 2017 Market Report

Carriage Hill Condos of Palm Cove June 2017 Market Report

There is one Carriage Hill condo available to purchase in the Palm Cove Golf and Yacht Club in Palm City, FL.  This condo is listed for $265,000 or $135.90 per sq. ft. of living area.

There are no condos currently under contract.

In the past 12 months, only one condo has been sold.  The sales price was $205,000 which is $128.13 per sq. ft. of living area.  This condo was on the market for 359 days before going under contract and sold for 91% of list price.

About the Carriage Hill Condos of Palm Cove

Carriage Hill Condos of Palm Cove

 There are only 14 exclusive condos in the Carriage Hill section of the Palm Cove Golf and Yacht Club.  There are two buildings.  The first was built in 1991 and consists of both 3 bedroom and 2 bedroom units with from 1,700 sq. ft. of living area up to 2,300.  The newest building was built in 2004 and is called the Links at Palm Cove with only four units with both 3 bedroom and 2 bedroom condos of 1,600 to 2,200 sq. ft. of living area.  All of these condos have covered parking in the form of either attached or detached garages.

Carriage Hill Condos of Palm Cove Carriage Hill Condos of Palm Cove

Conveniently located adjacent to the tennis courts and the golf course with many units having both golf and lake views.  Only a short walk to the magnificent full-service clubhouse and pool as well as access to the community docks with deep water dockage for vessels up to 70’.

Carriage Hill Condos of Palm Cove Carriage Hill Condos of Palm Cove

These are the only condos in the Palm Cove Golf and Yacht Club with all other residences either single family homes or townhouses located on Island Creek Trail.

Carriage Hill Condos of Palm Cove Carriage Hill Condos of Palm Cove

Maintenance fees for the Carriage Hill Condos of Palm Cove as of this writing (June 2017) are approximately $700 to $900 a month depending on size and location.  Since these homes are condos, these fees include building insurance as well as exterior and roof maintenance as well as all the common areas and clubhouse membership.

You can use this link to search for any available listings in the Carriage Hill Condos of Palm Cove

Palm City FL 34990 Residential Market Report May 2017

Palm City FL 34990 Residential Market Report May 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for May 2017

 

For May 2017 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 381 active listings (Decreased by 22 homes from March)

Palm City FL 34990 Residential Market Report May 2017

174 Residential sales are pending and awaiting close or lender approval. (Down by 17 homes from last month)

Palm City FL 34990 Residential Market Report May 2017

129 Homes Sold in March (Up by 49 homes from March)

Palm City FL 34990 Residential Market Report May 2017

The Palm City FL, zip code 34990 residential real estate market had a large jump in closed sales for the month of May along with a decrease in pending sales and inventory.
The monthly absorption rate decreased to 3.0 months from 5.0 months in March.  A more extreme 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 2016 numbers were:  377 active listings, 162 pending sales and 84 closed sales.  Stronger pending numbers this year with a larger inventory and similar sales activity.

Palm City FL 34990 Residential Market Report May 2017

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

 

Palm City FL 34990 Residential Market Report May 2017

Stuart West Palm City May 2017 Market Report

Stuart West Palm City May 2017 Market Report

There are currently 6 homes for sale in Stuart West.  List prices range from $467,800 to 1,050,000 for an average asking price of $647,169 which is $212.49 per sq. ft. of living area.

There is 1 home currently under contract. This home was listed for $625,000 or 222.74 per sq. ft. of living area.  This home was on the market for 29 days prior to going under contract.

In the past 12 months, 12 homes have sold in Stuart West.  Sale prices ranged from $415,000 up to $698,000 with the average sale price being $541,113 which equals a per sq. ft. of living area price of $170.51.  These homes sold for an average of 95% of list price and averaged 202 days on the market.

 Stuart West in Palm City FL

Stuart West is an upscale gated equestrian community located adjacent to the Stuart West and the Fox Club in western Palm City.  Just off the I-95 exit, Stuart West is an easy commute for those who work either south or north of Martin County, yet want to enjoy the superior amenities that Palm City has to offer.

Stuart West in Palm City FL

Stuart West resides on over 1,000 acres of pristine land with 249 home sites ranging from 2 to over 10 acres.  There are over 11 miles of waterways located throughout the community which makes for an idyllic setting for this family friendly equestrian community.

Stuart West in Palm City FL

Community amenities include a playground, community boat ramp to the C-23 canal, a 10-acre equestrian center, 24 hour manned security gate (shared with Cobblestone) and security patrols, and an underground cable and routing system for the best high-end internet connectivity.  All of this in Martin County’s ‘A’ rated school system.  And school bus service is provided inside the community.

Stuart West in Palm City FL

Currently, Stuart West’s children attend Citrus Grove Elementary, Hidden Oaks Middle and South Fork High Schools.

Home construction started in Stuart West in 1984 and continues to this day with approximately 52 vacant lots yet to be built upon.  Though many of these lots are being kept as pastures by the adjacent homeowners.   Home sizes range from 3 Bedroom, 2 Bath homes of around 2,000 sq. ft. of living area all the way to 7 Bedroom, 5 Bathroom estates with over 5,500 sq. ft. under air.  The HOA fee is a very reasonable $121 per month which covers security and all the amenities this wonderful community has to offer.

Stuart West in Palm City FL

More information about Stuart West can be found on their property owners’ website here.

Stuart West Homes for Sale

Search for Martin County Real Estate

Vacant Land for Sale in Stuart West

Stuart West Palm City May 2017 Market Report

River Landing May 2017 Market Report Palm City FL

River Landing May 2017 Market Report Palm City FL

As of May 2017, there are no homes currently on the market in River Landing.

2 Homes are under contract and awaiting settlement.  These two homes were listed for$350,000 and $389,000 for an average list price of $369,500 which is $165.76 per sq. ft. of living area,

In the past 12 months, 2 homes have sold in River Landing.  Sales prices were $370,000 and $415,000 for an average of  $392,500 which equals $103.75 per sq. ft. of living area. These homes sold for an average of 97% of the last list price and took an average of 72 days on market until going under contract. 

Entrance to River Landing in Palm City Florida
One of the little-known gems of the Treasure Coast, River Landing is home to 96 custom built homes on the shores of the South Fork of the Saint Lucie River.  There is currently one vacant lot left in River Landing.  Homes in River landing were first built in 1986 and as of this writing, the last one was built in 2007.  Both one and two story homes on generous sized lots of approximately 1/3 of an acre and some with larger lots.  Home sizes range from 3 bedroom homes with under 2,000 sq. ft. of living area up to 5 BR with almost 4,500 sq. ft. of air conditioned space.  Low HOA fees of $142 per month include basic cable TV services, trash pickup, security gate and maintenance and upkeep of the common areas.
River Landing River Access

This one of a kind gated community offers child and pet-friendly quiet streets and has an ocean access boat ramp as well as RV/Trailer/Boat storage facility, tennis courts, and playground.

Homes are surrounded by wetland preserves, lakes and forested areas.

 

River Landing in palm City Florida Playground

Living in River Landing is like being on vacation year round with its quick access to the St. Lucie River for a great day of fishing on your boat. The homes in River Landing are mostly new with some older Reportd homes, and mostly spacious with ample space to give you the privacy you want.  Palm City is a wonderful town to live in because of its closeness to I-95 and Florida’s Turnpike as well as its “A” rated school system, entertainment and fantastic local restaurants!

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River Landing Homes for Sale in Palm City Florida

River Landing May 2017 Market Report Palm City FL