Palm City FL 34990 Residential Market Report July 2017

Palm City FL 34990 Residential Market Report July 2017

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

 

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

 

There are currently 398 active listings (Increased by 12 homes from June)

Palm City FL 34990 Residential Market Report July 2017

165 Residential sales are pending and awaiting close or lender approval. (Down by 6 homes from last month)

Palm City FL 34990 Residential Market Report July 2017

96 Homes Sold in June (No change from June)

Palm City FL 34990 Residential Market Report July 2017

The Palm City FL, zip code 34990 residential real estate market remains very active.  Interestingly, inventory levels are above last year, which is not the current trend in the county.
The monthly absorption rate inched up to 4.1 months from 4.0 months in June.  Still 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 July 2016 numbers were:  383 active listings, 120 pending sales and 83 closed sales.  Stronger activity for this year with a slightly higher inventory of homes for sale.

Palm City FL 34990 Residential Market Report July 2017

 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 July 2017

Palm Cove Golf and Yacht Club August 2017 Market Report

Palm Cove Golf and Yacht Club August 2017 Market Report

There are currently 8 properties actively listed in Palm Cove Yacht and Golf Club for August 2017 in Palm City, Florida.  List prices range from a low of $279,000 up to the highest which is a waterfront home for $2,075,000.  The average list price is $931,344 which works out to $223.19 per square foot of living area.

There are 2 homes currently under contract in the Palm Cove community of Palm City as of August 2017.  List prices are $360,000 and $689,000 for an average list price of $524,500 which equals $194.58 per square foot of living area.  These homes averaged 76 days on the market before going under contract.

In the past 12 months, 17 homes have sold in Palm Cove Yacht and Golf Cub with sales prices from $245,000 up to $1,800,000 for an average sales price of $602,620 or $181.81 per square foot of living area.  These homes were on the market for an average of 86 days prior to going under contract and sales prices averaged at 96% of the list price

About the Palm Cove Yacht and Golf Club:

Palm Cove Golf and Yacht Club in Palm City

The Palm Cove Golf and Yacht Club in Palm City Florida includes 206 residences, ranging from spacious condos with garages to townhomes, fairway homes to multi-million dollar waterfront homes on the shores of the north fork of the wide Saint Lucie River.

Palm Cove Golf and Yacht Club in Palm City

This magnificent community boasts a championship Chi Chi Rodrigues designed golf course. Memberships are available to both residents and non-residents and membership is not mandatory.  In addition to golf, boaters enjoy a 93 slip deep water marina with docks available for over 50’ vessels.

Palm Cove Golf and Yacht Club in Palm City

There’s a magnificent club house located riverside by the marina.  Residents enjoy 24-hour security from the manned gated entrance.  The Palm Cove Golf and yacht Club is separated into two main sections.  Fairway homes are on the south side of Mapp Road with the entrance across the main entrance to Palm Cove and is controlled by remote from the main security gate.

Palm Cove Golf and Yacht Club in Palm City

In the main section, are the estate homes, town-homes at Island creek as well as the condos at ‘the Links’.   Homes range from 1500 sq. ft. town-homes with 2 bedrooms, 2 bathrooms, and 2 car garages all the way up to 6,000 sq. ft. plus waterfront residences with 5 bedrooms, office, 6 and ½ bathrooms and 3 car garages.  Home owner (HOA) fees vary from section to section.  The estate homes run approximately $450 per month, while in the fairways section they are around $550 per month, but include landscaping.  For a complete list of fees, please give us a call.

guardgate

Palm Cove families enjoy a quiet secluded lifestyle yet are close to shopping, restaurants and the beaches of Martin County.  Children attend an ‘A’ rated Martin County school system to the following schools:  Bessey Creek elementary, Hidden Oaks middle and Martin County High.

Palm Cove Golf and Yacht Club in Palm City

Currently, these homes are available for sale in the Palm Cove Golf and Yacht Club

For any questions, you may have about the palm Cove Yacht and Golf Club in Palm City Florida, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Palm City Florida Real Estate

Residential Homes, Condos, and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Palm Cove Golf and Yacht Club August 2017 Market Report

Danforth in Palm City August 2017 Market Report

Danforth in Palm City August 2017 Market Report

As of August, 2017:

There are currently 6 active listings for sale in Danforth.  The list prices for these Danforth homes are from $384,400 up to $650,000 for an average list price of $470,717 or $180.54 per sq. ft. of living area.

6 homes are currently under contract.  The list prices of these pending sales range from $419,000 up to $495,000 with the average being $438,500 which equates to an average price per sq. ft. of living area of $163.61.  These 6 homes averaged 73 day on the market before going under contract.

In the past 12 months 14 homes have sold in Danforth.  The sales prices ranged from a low of $300,000 up  to $474,000.  The average sales price was $395,832 or $160.99 per sq. ft. of living area.  These sold listings averaged 55 days on the market before going under contract and sold at 96% of the list price.

About the Danforth Community in Palm City FL:

Danforth in Palm City Florida is wonderful family subdivision with 335 homes of all sizes and shapes with a wonderful family friendly neighborhood feel.  Well located in palm City off SW Martin Highway and within walking distance of both the Palm City Elementary and Hidden Oaks Middle Schools.  Both of these schools are top rated in the Martin County school system as well as in the State of Florida.

Many homes are lakefront with beautiful views and a wonderful private feeling, yet this community is within a mile of the new Publix and also close to restaurants and medical facilities.  Easy access to downtown Stuart as well via the new Veteran’s Memorial Bridge from Palm City to Stuart.  Also just a couple of minutes to Florida’s Turnpike for those wishing to either commute or to make a short trip to West Palm Beach or other points just North or South.


Danforth features low HOA fees of $328.00 per quarter (as of July 2017).  Construction in Danforth was first completed in 1990 with most homes dated from then to the late 1990’s and at least one home completed in 2001.  This planned unit development (PUD) was developed by Danforth Development Inc. and various builders took part in the construction of the homes.  Here is the Danforth Home Owners Association web site.  Danforth just added an remote code controlled entry gate system in 2014.

Search for Danforth Homes for Sale

the Gabe Sanders real estate team

Palm City Florida Real Estate

Residential Homes, homes and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Danforth in Palm City August 2017 Market Report

 

Copperleaf July 2017 Real Estate Market Report

Copperleaf July 2017 Real Estate Market Report

There are currently 3 homes listed in Copperleaf in Palm City, Florida.  List prices are from $439,000 up to $825,000, for an average list price of $571,167 which equals $159.71 per square foot of living area.

There are 4 homes under contract awaiting closing.  The list prices are from $425,000 up to $649,000 which averages to a $488,450 list price and $163.41 per square foot of living area. These homes averaged 47 days on market before accepting these offers.

In the past 12 months, 24 homes have sold in Copperleaf with an average sales price of $511,303 at $175.48 per square foot of living area and at 97% list to sales price ratio.  The lowest sales price was $333,000 while the highest was $1,184,993.  These homes went under contract in an average of 61 days.

About Copperleaf in Palm City FL:

 Copperleaf July 2017 Real Estate Market Report

Copperleaf in Palm City FL was first developed by Centex Homes with the first homes constructed and sold in 2007.  New construction continues to the present now under the name of Pulte Homes.  As of this writing there are 123 homes in Copperleaf.  Though, construction continues with room for considerably more homes.

Copperleaf July 2017 Real Estate Market Report

Home sizes range from estate size homes on over ½ an acre with more than 6,000 sq. ft. of living area down to smaller 3 bedroom, 2 bath homes with 2 car (or more) garages of 1,705 sq. ft.  Copperleaf is conveniently located close to both Florida’s Turnpike and I-95 yet just minutes to shopping, restaurants and the well-respected schools that Martin County has to offer.  Only a few more minutes and you can be on the beach or launch your boat at one of the many boat ramps in the area.

Copperleaf July 2017 Real Estate Market Report

Copperleaf offers is a gated community with a manned gate by the beautiful entrance.  There’s a clubhouse with exercise facilities, two tennis courts, a community pool and a playground for the little ones.  As of this writing, the Home Owner’s Association fees are $233 per month.  These fees cover Basic Cable TV, Manager, Recreational Facilities, Reserve Fund, Security and Trash pickup.

Copperleaf July 2017 Real Estate Market Report

There are excellent new construction opportunities as well as re-sales available in Copperleaf of Palm City FL.  Call us for details.

 Copperleaf July 2017 Real Estate Market Report

Currently, these homes are available for sale in Copperleaf Palm City

 

For any questions you may have about Copperleaf in Palm City Florida, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Palm City Florida Real Estate

Copperleaf July 2017 Real Estate Market Report

 

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Copperleaf July 2017 Real Estate Market Report

 

Palm City FL 34990 Condo Market Report June 2017

Palm City FL 34990 Condo Market Report June 2017

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

 

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



There are currently 75 active condo listings. (Decreased by 1 condos from May)

   Palm City FL 34990 Condo Market Report June 2017

10 Condo sales are pending and awaiting close or lender approval. (Down by 1 condos from last month)

Palm City FL 34990 Condo Market Report June 2017

6 Condos Sold in June. (Up by 2 condos from May)

Palm City FL 34990 Condo Market Report June 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 12.5 months (was 19 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 June 2016 numbers were: 65 active listings, 4 pending sales and 7 closed sales.   Invenory is decreased from last year but there are better pending numbers and sales are close to being the same.
Palm City FL 34990 Condo Market Report June 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 June 2017