Palm City FL 34990 Condo Market Report September 2019

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for September 2019

There are currently 83 active condo listings. (Increased by 3 condos from August)

 

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

0 Condos Sold in September. (Down by 3 condos from August)

The Palm City FL 34990 condo real estate market remains a fairly small segment of the Martin County condo market.  The sales activity in this market is challenging because of two condo communities with high equity and association fees that are currently not in favor with the general public.  Though, those who love golf, there are some incredible bargains in these communities.  September had zero sales.  This is the first time in my memory this has happened in this market.

The current absorption rate for condos in the 34990 zip is uncalcuable with zero sales for the month (was 26.7 months in August). This is an extreme buyer’s market for Palm City condos.  A balanced market is considered to be an absorption rate of around 6 to 7 months.

The September 2018 numbers were: 83 active listings, 5 pending sales, and 6 closed sales.  There was considerably better activity last year.

Palm City FL 34990 Condo Market Report August 2019

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for August 2019

There are currently 80 active condo listings. (Increased by 3 condos from July)

 

5 Condo sales are pending and awaiting close or lender approval. (Down by 3 condos from last month)

3 Condos Sold in August. (Unchanged from July)

The Palm City FL 34990 condo real estate market remains a fairly small segment of the Martin County condo market.  The sales activity in this market is challenging because of two condo communities with high equity and association fees that are currently not in favor with the general public.  Though, those who love golf, there are some incredible bargains in these communities.  August continued to display difficulties for this market.

The current absorption rate for condos in the 34990 zip rose to 26.7 months (was 25.7 months in July). Remaining in an extreme buyer’s market for Palm City condos.  A balanced market is considered to be an absorption rate of around 6 to 7 months.

The August 2018 numbers were: 76 active listings, 7 pending sales, and 7 closed sales.  There was somewhat better activity last year.

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Palm City FL 34990 Condo Market Report July 2019

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for July 2019

For July 2019 in the 34990 Zip Code area of Palm City, Florida :

There are currently 77 active condo listings. (Increased by 11 condos from June)

 

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

3 Condos Sold in July. (Down by 9 condos from June)

The Palm City FL 34990 condo real estate market remains a fairly small segment of the Martin County condo market.  The sales activity in this market is challenging because of two condo communities with high equity and association fees that are currently not in favor with the general public.  Though, those who love golf, there are some incredible bargains in these communities.  July retreated back to weak activity for this market.

The current absorption rate for condos in the 34990 zip exploded to 25.7 months (was 5.5 months in June).  Shifting back into an extreme buyer’s market for Palm City condos.  A balanced market is considered to be an absorption rate of around 6 to 7 months.

The July 2018 numbers were: 78 active listings, 9 pending sales, and 1 closed sales.  Slightly better activity this year.

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Palm City FL 34990 Condo Market Report June 2019

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for June 2019

For June 2019 in the 34990 Zip Code area of Palm City, Florida :

There are currently 66 active condo listings. (Decreased by 2 condos from May)

 

9 Condo sales are pending and awaiting close or lender approval. (Down by 4 condo from last month)

12 Condos Sold in June. (Up by 4 condos from May)

The Palm City FL 34990 condo real estate market remains a fairly small segment of the Martin County condo market.  The sales activity in this market is challenging because of two condo communities with high equity and association fees that are currently not in favor with the general public.  Though, those who love golf, there are some incredible bargains in these communities.  June was a good month for this segment of condo real estate in Martin County.

The current absorption rate for condos in the 34990 zip dropped to 5.5 months (was 8.5 months in May).  Shifting into a seller’s market for Palm City condos for the first time in a while.  A balanced market is considered to be an absorption rate of around 6 to 7 months.

The June 2018 numbers were: 86 active listings, 8 pending sales, and 9 closed sales.  A better volume of sales and pending sales this year all on a reduced inventory of available condos.

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Palm City FL 34990 Condo Market Report May 2019

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for May 2019

For May 2019 in the 34990 Zip Code area of Palm City, Florida :

There are currently 68 active condo listings. (Decreased by 10 condos from April)

 

13 Condo sales are pending and awaiting close or lender approval. (Down by 3 condo from last month)

8 Condos Sold in May. (Down by 3 condos from April)

The Palm City FL 34990 condo real estate market remains a fairly small segment of the Martin County condo market.  The sales activity in this market is challenging because of two condo communities with high equity and association fees that are currently not in favor with the general public.  Though, those who love golf, there are some incredible bargains in these communities.  May showed a nice rise in activity for these communities.

The current absorption rate for condos in the 34990 zip is 8.5 months (was 7.1 months in April).  Shifting into a more pronounced buyer’s market for Palm City condos.  A balanced market is considered to be an absorption rate of around 6 to 7 months.

The May 2018 numbers were: 87 active listings, 11 pending sales, and 9 closed sales.  Very similar activity to last year but with a significantly lower number of available condos for sale.

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Palm City FL 34990 Condo Market Report April 2019

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for April 2019

For April 2019 in the 34990 Zip Code area of Palm City, Florida :

There are currently 78 active condo listings. (Decreased by 7 condos from March)

 

16 Condo sales are pending and awaiting close or lender approval. (Up by 1 condo from last month)

11 Condos Sold in April. (Unchanged from March)

The Palm City FL 34990 condo real estate market remains a fairly small segment of the Martin County condo market.  The sales activity in this market is challenging because of two condo communities with high equity and association fees that are currently not in favor with the general public.  Though, those who love golf, there are some incredible bargains in these communities.  April showed a nice rise in activity for these communities.

The current absorption rate for condos in the 34990 zip is 7.1 months (was 7.7 months in March).  Remaining in a buyer’s market for Palm City condos.  A balanced market is considered to be an absorption rate of around 6 to 7 months.

The April 2018 numbers were: 88 active listings, 15 pending sales, and 7 closed sales.  Better sales and pending activity this year on lower inventory.

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Palm City FL 34990 Condo Market Report March 2019

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for March 2019

For March 2019 in the 34990 Zip Code area of Palm City, Florida :

There are currently 85 active condo listings. (Decreased by 5 condos from February)

 

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

11 Condos Sold in March. (Up by 7 condos from February)

The Palm City FL 34990 condo real estate market remains a fairly small segment of the Martin County condo market.  The sales activity in this market is challenging because of two condo communities with high equity and association fees that are currently not in favor with the general public.  Though, those who love golf, there are some incredible bargains in these communities.  March showed a nice rise in activity for these communities.

The current absorption rate for condos in the 34990 zip is 7.7 months (was 22.5 months in February).  Still a buyer’s market for Palm City condominiums but much better than the last few months.  A balanced market is considered to be an absorption rate of around 6 to 7 months.

The March 2018 numbers were: 96 active listings, 12 pending sales, and 9 closed sales.  Better sales and pending activity this year on lower inventory.

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Palm City FL 34990 Condo Market Report February 2019

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for February 2019

For February 2019 in the 34990 Zip Code area of Palm City, Florida :

There are currently 90 active condo listings. (Decreased by 14 condos from January)

19 Condo sales are pending and awaiting close or lender approval. (Up by 12 condos from last month)

4 Condos Sold in February. (Unchanged from January)

The Palm City FL 34990 condo real estate market remains a fairly small segment of the Martin County condo market.  The sales activity in this market is challenging because of two condo communities with high equity and association fees that are currently not in favor with the general public.  Though, those who love golf, there are some incredible bargains in these communities.

The current absorption rate for condos in the 34990 zip is 22.5 months (was 26 months in January).  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 February 2018 numbers were: 103 active listings, 10 pending sales, and 4 closed sales.  The same number of sales while a big increase in pending sale for this year on a reduced inventory.

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Palm City FL 34990 Condo Market Report January 2019

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for January 2019

For January 2019 in the 34990 Zip Code area of Palm City, Florida :

There are currently 104 active condo listings. (Increased by 7 condos from December)

  

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

4 Condos Sold in January. (Up by 4 condos from December)

The Palm City FL 34990 condo real estate market remains a fairly small segment of the Martin County condo market.  The sales activity in this market is challenging because of two condo communities with high equity and association fees that are currently not in favor with the general public.  Though, those who love golf, there are some incredible bargains in these communities.

The current absorption rate for condos in the 34990 zip is 26 months (was 44.5 months in January).  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 January 2017 numbers were: 102 active listings, 9 pending sales, and 15 closed sales.  Considerably better activity last January.

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Palm City FL 34990 Condo Market Report December 2018

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for December 2018

For December 2018 in the 34990 Zip Code area of Palm City, Florida :

There are currently 97 active condo listings. (Increased by 8 condos from November)

  

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

0 Condos Sold in December. (Down by 2 condos from November)

The Palm City FL 34990 condo real estate market remains a fairly small segment of the Martin County condo market. No sales for December but we do have some condos under contract.  The sales activity in this market is skewed by two tough condo communities with high equity and association fees that make this market quite challenging.

The current absorption rate for condos in the 34990 zip code can’t be calculated with 0 sales for this month (was 44.5 months in December).  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 December 2017 numbers were: 101 active listings, 16 pending sales, and 10 closed sales.  Better activity last year.

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Palm City FL 34990 Condo Market Report November 2018

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for November 2018

For November 2018 in the 34990 Zip Code area of Palm City, Florida :

There are currently 89 active condo listings. (Increased by 9 condos from October)

  

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

2 Condos Sold in November. (Down by 5 condos from October)

The Palm City FL 34990 condo real estate market remains a fairly small segment of the Martin County condo market.  Very slow market activity for November.  The sales activity in this market is skewed by two tough condo communities with high equity and association fees that make this market quite challenging.

The current absorption rate for condos in the 34990 zip code area rocketed up to 44.5 months (was 111.4 months in November).  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 November 2017 numbers were: 85 active listings, 14 pending sales, and 4 closed sales.  Better activity last year.

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Palm City FL 34990 Condo Market Report October 2018

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for October 2018

For October 2018 in the 34990 Zip Code area of Palm City, Florida :

There are currently 80 active condo listings. (Decreased by 3 condos from September)

  

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

7 Condos Sold in October. (Up by 1 condo from September)

The Palm City FL 34990 condo real estate market remains a fairly small segment of the Martin County condo market.  The sales activity in this market is skewed by two tough condo communities with high equity and association fees ythat make this market quite challenging.

The current absorption rate for condos in the 34990 zip code area decreased to 11.4 months (was 13.8 months in October).  Still a 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 2017 numbers were: 75 active listings, 11 pending sales, and 2 closed sales.  Better sales activity this year but weaker pending sales activity.

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Palm City FL 34990 Condo Market Report September 2018

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for September 2018

For September 2018 in the 34990 Zip Code area of Palm City, Florida :

There are currently 83 active condo listings. (Increased by 7 condos from August)

  

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

6 Condos Sold in September. (Down by 1 condo from August)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Sales remain difficult in this market as we have a large number f condos in two high fee equity golf club associations where the current market is quite challenging.

The current absorption rate for condos in the 34990 zip code area jumped to 13.8 months (was 10.9 months in September).  Still a buyer’s market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.

The September 2017 numbers were: 68 active listings, 7 pending sales, and 3 closed sales.  Down slightly this year when compared to September 2017.

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Palm City FL 34990 Condo Market Report August 2018

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for August 2018

For August 2018 in the 34990 Zip Code area of Palm City, Florida :

There are currently 76 active condo listings. (Decreased by 2 condos from July)

  

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

7 Condos Sold in August. (Up by 6 condos from July)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For August sales came back from the dismal July number.  Pending sales remain a little on the weak side.

The current absorption rate for condos in the 34990 zip code area dropped to 10.9 months (was 78 months in August).  Still a buyer’s market for Palm City condominiums, but not nearly as extreme as last month.  A balanced market is considered to be an absorption rate of around 6 to 7 months.

The August 2017 numbers were: 73 active listings, 8 pending sales, and 8 closed sales.  Down slightly this year when compared to August 2017.

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Palm City FL 34990 Condo Market Report July 2018

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for July 2018

For July 2018 in the 34990 Zip Code area of Palm City, Florida :

There are currently 78 active condo listings. (Decreased by 8 condos from June)

  

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

1 Condos Sold in July. (Down by 8 condos from June)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For July sales really tanked with only one closed sale.

The current absorption rate for condos in the 34990 zip code area exploded to 78 months (was 7.8 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 July 2017 numbers were: 75 active listings, 9 pending sales, and 2 closed sales.  Even though the activity is very slow for Palm City Condos this month, it’s very similar to what happened last year.

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Palm City FL 34990 Condo Market Report June 2018

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for June 2018

For June 2018 in the 34990 Zip Code area of Palm City, Florida :

There are currently 86 active condo listings. (Decreased by 1 condos from May)

  

8 Condo sales are pending and awaiting close or lender approval. (Down by 3 condos from last month)

9 Condos Sold in June. (Unchanged from May)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For June there wasn’t much change in activity when compared to last month.  The Palm City condo market is hampered by two equity golf course communities with slow sales in the current environment.

The current absorption rate for condos in the 34990 zip code area inched down to 9.6 months (was 9.7 months in July).  Still in a buyer’s market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.

The June 2017 numbers were: 75 active listings, 10 pending sales, and 6 closed sales.  This is one of the few segments of the Martin County real estate market with a higher inventory of properties for sale this year when compared to last June.  Sales were slightly higher while pending sales were off this year.

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Palm City FL 34990 Condo Market Report May 2018

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for May 2018

For May 2018 in the 34990 Zip Code area of Palm City, Florida :

There are currently 87 active condo listings. (Decreased by 1 condos from April)

  

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

9 Condos Sold in May. (Up by 2 condos from April)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For May there was an improvement closed sales while pending sales were down by 4 condos.  The Palm City condo market is hampered by two equity golf course communities with slow sales in the current environment.

The current absorption rate for condos in the 34990 zip code area dropped to 9.7 months (was 12.6 months in July).  Still in a buyer’s market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.

The May 2017 numbers were: 76 active listings, 11 pending sales, and 4 closed sales.  There was better sales activity for this year.  The Palm City condo marketis one of the few areas in Martin County with a larger inventory this year than last.

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Palm City FL 34990 Condo Market Report April 2018

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for April 2018

For April 2018 in the 34990 Zip Code area of Palm City, Florida :

There are currently 88 active condo listings. (Decreased by 8 condos from March)

  

15 Condo sales are pending and awaiting close or lender approval. (Up by 3 condos from last month)

7 Condos Sold in April. (Down by 2 condos from March)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For April there was an improvement pending sales while closed sales were down by 2 condos.  The Palm City condo market is hampered by two equity golf course communities with slow sales in the current environment.

The current absorption rate for condos in the 34990 zip code area climbed to 12.6 months (was 10.7 months in July).  Still in a buyer’s market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.

The April 2017 numbers were: 86 active listings, 9 pending sales, and 8 closed sales.  Very similar activity as compared to last year with the exception of considerably better pending activity this year.

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Palm City FL 34990 Condo Market Report March 2018

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for March 2018

For March 2018 in the 34990 Zip Code area of Palm City, Florida :

There are currently 96 active condo listings. (Decreased by 7 condos from February)

  

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

9 Condos Sold in March. (Up by 5 condos from February)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For March there was improvement for both closed and pending sales.  The Palm City condo market is hampered by two equity golf course communities with slow sales in the current environment.

The current absorption rate for condos in the 34990 zip code area dipped to 10.7 months (was 25.8 months in July).  Still in a buyers’ market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.

The March 2017 numbers were: 95 active listings, 10 pending sales, and 4 closed sales.  Slightly better activity last year even on a reduced number of condos available for sale (inventory).

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