Palm City Farms December 2017 Market Report

Palm City Farms December 2017 Market Report

There are currently 65 homes on the market in Palm City Farms.  Listing prices range from $54,900 up to $3,950,000.  The average list price works out to $633,242 (median $484,000) which is a per square ft. of living area price of $223.25 (median $168.32).

There are currently 12 homes under contract awaiting settlement.  Listing prices ranged from $79,900 up to $665,000 for an average of $299,767 which equals $131.08 per sq. ft. of living area.  These homes averaged 84 days on the market prior to going under contract.

In the past 12 months, 88 homes have sold in Palm City Farms with sales prices ranging from $35,000 up to $1,000,000 for an average sales price of $370,074 or $162.46 per sq. ft. of living area. These sales averaged for 94% of the last listed price and were under contract in an average of 124 days after being listed.

About Palm City Farms:


Homes and Land for Sale in Palm City Farms

If you’re looking for an area of secluded acreage, yet still be close to shopping, entertainment the beach and navigable waterways Palm City Farms may just be the dream setting you are looking for.  Prices are currently more affordable than they have been in the past 5 or 6 years.

Homes and Land in Palm City Farms


Beautiful acreage with 5 acre and larger home sites and vacant land abound in Palm City Farms. This is the perfect location for your equestrian needs as well as many other agricultural uses.  All within minutes of Martin County ‘A’ rated schools, shopping, beaches and easy access to I-95 and Florida’s Turnpike.

Homes and Land for Sale in Palm City, Farms

For additional information about Palm City Farms please contact us.

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Palm City Farms December 2017 Market Report

Admiralty Condos Palm City FL December 2017 Market Report

Admiralty Condos Palm City FL December 2017 Market Report

As of December 2017, there are 2 condos on the market in the Admiralty Condos.   Prices are $635,000 and $895,000 with the average list price being $765,000 which equals $280.15 per sq. ft. of living area.

There are 3 condos currently under contract and awaiting settlement.  The list prices ranged from $675,000 to $799,000 for an average list price of $748,000 or $281.58 per sq. ft. of living area.  These condos were on the market for an average of 171 days prior to going under contract.

In the past 12 months, 4 Admiralty condos have sold.  The sales prices ranged from $520,000 up to $640,000 for an average sales price of $558,750 or $230.93 per sq. ft. of living area.  These condos sold for an average of 94% of the most recent list price and were on the market for an average of 181 days prior to going under contract.

About the Admiralty Condos in Palm City Florida:

 the Admiralty in Palm City FL

The Admiralty Condos are situated directly by the beautiful Saint Lucie River are an ocean lover’s haven.  Located in desirable Palm City, The Admiralty features large balconies facing the pristine waters of the Saint Lucie River with perfect sunrise views.  The varieties of 3 and 4 bedroom floor plans come with amenities such as 2 full car garages and additional storage space.
the Admiralty in Palm City FL
With safety and security in mind, the community is gated and the luxurious and spacious condo’s come equipped with hurricane windows and doors along with a 22 slip protected marina for the residents use. Enjoy the heated pool, clubhouse, meeting room, and exercise room.
the Admiralty in Palm City FL
Current Condo association fees in the Admiralty range from the $700 to under $900 dollars per month depending on the unit size.  There are five buildings which make up the Admiralty condo complex in Palm City, Florida.  Three of which were built in 1989-1990.  The two newer buildings were completed in 2005.  These condos offer unparalleled luxury and spaciousness for the price.  Equivalent condos on the Ocean with these amenities are either non-existent or will cost well over $1 million dollars.
the Admiralty in Palm City FL
The Admiralty is close to fantastic schools such as Martin County High School, Hidden Oaks Middle School, and Bessey Creek Elementary. There are also plenty of restaurants and entertainment areas in and around this wonderful area!

 

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Admiralty Condos Homes for Sale in Palm City Florida

 

 

Admiralty Condos Palm City FL December 2017 Market Report

Sunset Trace Palm City December 2017 Market Update

Sunset Trace Palm City December 2017 Market Update

As of December 2017, there is only one home for sale in Sunset Trace.  The list price is $194,500 or $144.50 per square foot of living area.

There are 2 homes under contract and awaiting settlement.  The list prices were $170,000 and $184,000 for an average list price of $177,000 which equals $133.94 per sq. ft. of living area.  These homes were on the market for an average of 61 days prior to going under contract.

In the past 12 months, 46 homes have sold in Sunset Trace.  Sales prices ranged from a low of $120,000 up to $184,900 for an average sales price of $150,074 which equals $114.16 per sq. ft. of living area.  These homes sold for an average of 97% of their final list price and went under contract in an average of 24 days of being on the market.

 About Sunset Trace in Palm City FL:

Sunset Trace in Palm City FL

Sunset Trace in Palm City FL

 

Just across the street from the Martin Downs Golf Club lies the gated community of Sunset Trace in Palm City, FL.  Conveniently located close to Florida’s Turnpike as well as shopping, restaurants and medical facilities.  And only a 15-minute ride to the pristine waters of the Atlantic Ocean and the numerous waterways and boating facilities available in Martin County, FL.

Sunset Trace in Palm City FL

Sunset Trace is a DiVosta community of approximately 500 residences.  There are four types of homes in this community:   DiVosta quad townhomes which feature 2 Bedrooms and 2 and ½ bathrooms with 1,236 sq. ft. of living area; Stamford models, also four townhomes to a building featuring 2 Bedrooms and 2 and ½ bathrooms with 1,1374 sq. ft. of living area; Wellesley models have 3 Bedrooms and 2 Bathrooms in 1,295 sq. ft. and finally, the Villas in Sunset Trace offer attached single family homes with 3 Bedrooms, 2 and ½ baths and a one car garage in 1346 square feet of living area.

Sunset Trace in Palm City FL

Sunset Trace was developed and built from 1984 to 1988.  It features two community pools, three tennis courts, outdoor racquet and/or handball courts and a full-size basketball court.  There’s a playground for the little ones as well.  This is a lushly landscaped community with a number of lakes and ponds on the grounds making for some great water views.

Sunset Trace in Palm City FL

All ages are welcome in Sunset Trace and children attend Citrus Grove Elementary SchoolHidden Oaks Middle School, and Martin County High School.  The HOA fees run $305 per month, but include exterior and hurricane insurance, basic cable TV, Lawn and Landscaping, pest control and security.  Making life in Sunset Trace easy and carefree.

Sunset Trace in Palm City FL

Sunset Trace in Palm City FL

 

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Sunset Trace Villas and Townhomes for Sale

 

 

Sunset Trace Palm City December 2017 Market Update

Palm City FL 34990 Condo Market Report October 2017

Palm City FL 34990 Condo Market Report October 2017

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

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

There are currently 75 active condo listings. (Increased by 7 condos from September)

   Palm City FL 34990 Condo Market Report October 2017

11 Condo sales are pending and awaiting close or lender approval. (Up by 4 condos from last month)

Palm City FL 34990 Condo Market Report October 2017

2 Condos Sold in October. (Down by 1 condos from July)

Palm City FL 34990 Condo Market Report October 2017

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Market activity dropped for Palm City condos and this segment remains a difficult one 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 37.5 months (was 22.7 months in July).  Now in an extreme buyer’s market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The October 2016 numbers were: 76 active listings, 9 pending sales and 5 closed sales.   Better activity last year.
Palm City FL 34990 Condo Market Report October 2017
Are you interested in the value of your Palm City FL Condo?
Click on this link and fill out the form for an accurate personal evaluation

Stuart Florida Real Estate presented by:
Gabe Sanders

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report October 2017

Palm City FL 34990 Residential Market Report October 2017

Palm City FL 34990 Residential Market Report October 2017

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

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

 There are currently 347 active listings (Increased by 12 homes from September)

Palm City FL 34990 Residential Market Report October 2017

126 Residential sales are pending and awaiting close or lender approval. (Down by 20 homes from last month)

Palm City FL 34990 Residential Market Report October 2017

66 Homes Sold in September (Up by 23 home from September)

Palm City FL 34990 Residential Market Report October 2017

The Palm City FL, zip code 34990 residential real estate market remains very active.  A solid increase in cosed sales from last month but an unfortunate drop in pending sales as well.
The monthly absorption rate jumped up to 5.3 months from 7.8 months in September.  Back into a seller’s 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 October 2016 numbers were:  400 active listings, 114 pending sales, and 55 closed sales.  Much better activity this year even with a smaller inventory of available homes for sale.

Palm City FL 34990 Residential Market Report October 2017

Are you interested in the value of your Palm City FL home?
Click on this link and fill out the form for an accurate personal evaluation

 Search here for Palm City Florida Real Estate for Sale:

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

 

Palm City FL 34990 Residential Market Report October 2017