Palm City Farms December 2014 Market Update

There are currently 54 homes on the market in Palm City Farms.  Listing prices range from $150,000 to $3,400,000.  The average price comes out to $778,845 (median $582,450) which is a per square ft. of living area price of $256.73 (median $202.48).  These include 5 short sales and 1 bank owned foreclosure listings.

There are currently 13 homes under contract awaiting settlement.  Listing prices ranged from $295,000 to 849,000, for an average of $511,453 which equals $154.96 per sq. ft. of living area.  1 of these listings is a short sale and 1 is a foreclosure.

In the past 12 months, 60 homes have sold in Palm City Farms with sales prices ranging from $125,000 to $1.653.349 for an average sales price of $449,620 or $154.99 per sq. ft. of living area. These sales averaged 93% of list price.  There were 5 short sales and 4 foreclosure sales in this group of sales.

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.

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.

For additional information about Palm City Farms please contact us.

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Palm City Farms December 2014 Market Update