Palm City Florida Market Report ZIP Code 34990 Residential October 2013

Palm City Florida Market Report ZIP Code 34990 Residential October 2013

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for October 2013

 

For October 2013 in the 34990 Zip Code area of Palm City Florida :


There are currently 416 active listings (An increase of 37 homes from September)

Palm City Florida Market Report ZIP Code 34990 Residential October 2013

144 Residential sales are pending and awaiting close or lender approval. (Decreased by 3 homes from last month) Palm City Florida Market Report ZIP Code 34990 Residential October 2013

 

54 Homes Sold in October (Increased by 6 homes from September)

Palm City Florida Market Report ZIP Code 34990 Residential October 2013

 
After some disappointing sales numbers for September for the Palm City, zip code 34990, area of Martin County Florida, there was a rebound for October..   Also, the second month in a row with sizable gain in inventory. Pending sales were off slightly.  Most interesting is the increase in inventory. 
 
The current absorption rate dropped slightly to to 7.7 months from 7.9 months in September, but is at a much more sustainable rate than the hot sellers market we had in Palm City during the spring and early summer.  A slight buyers market.  A 6 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.  I don’t expect a buyers market to last, as I think sales will be picking up soon in Palm City once again.

The October 2012 numbers were:  420 active listings, 150 pending sales and 49 closed sales.   Very similar activity to last year.

 

 Please use the charts below as reference only as they rely on all residential types of property in the 34990 real estate market:

Palm City Florida Market Report ZIP Code 34990 Residential October 2013 

 

 

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Palm City Florida Market Report ZIP Code 34990 Residential October 2013

Stuart Florida Market Report ZIP Code 34994 Residential October 2013

Stuart Florida Market Report ZIP Code 34994 Residential October 2013

Stuart Real Estate Snapshot for ZIP Code 34994, Residential Sales for October 2013

For October, 2013 in the 34994 Zip Code area of Stuart, Florida :

 

There are currently 62 active listings (Down 12 from September)

Stuart Florida Market Report ZIP Code 34994 Residential October 2013

 

48 Residential sales are pending and awaiting close or lender approval (Up 12 homes from September).

Stuart Florida Market Report ZIP Code 34994 Residential October 2013
 

8 Homes Sold in September (Decreased by 1 home from September)

Stuart Florida Market Report ZIP Code 34994 Residential October 2013

The 34994 ZIP code area of the Stuart, Florida had mixed activity for October.  The inventory of available homes is now only 50 homes, which is very low.  Pending sales had a nice jump and closed sales were off by 1 home.

The one month absorption rate for the 34994 zip code for October decreased to 6.3 months from last months 6.9 months.  Basically a balanced market.  A 6 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage. 

The October 2012 numbers were 67 Active Listings, 33 pending sales and 9 closed sales.   With a considerably lower inventory, the 34994 section of Stuart is doing better as compared to last year, significantly in the pending sales numbers.

Please use the charts below as reference only as they rely on all residential types of property in the 34994 real estate market:

Stuart Florida Market Report ZIP Code 34994 Residential October 2013

 

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Stuart Florida Market Report ZIP Code 34994 Residential October 2013

Waterfront Pool Home in Palm City Sold

Waterfront Pool Home in Palm City Sold

Thank you to all the agents that have shown this gorgeous home in Palm City.  Unfortunately for those that have told me they were waiting for the right time, it’s now to late as this home has sold.

Palm City Waterfront Pool Home

This Waterfront Pool Home in Palm City Sold for those looking for deep water ocean access home that is suitable for a larger vessel.   Located in the Gull Harbor neighborhood of Palm City with easy access to schools, shopping and downtown Stuart.  There’s a bonus attached apartment featuring a full kitchen, bedroom and bathroom for those wanting the possibility of a private attached residence for extended family.

Deep waterfront home with dock and a 7,000 lb. lift just seconds from the wide waters of the Saint Lucie River. 

Palm City Waterfront Pool Home

Immaculately maintained 3 BR, 2 BA home with an attached 1 BR, 1 BA apartment with full kitchen (2000) accessible from both inside the home or through private entrance. Perfect for the extended family or customize to make it your own. 

Palm City Waterfront Pool Home

Private patio and lanai. Pool with salt water filtration, newer metal roof (2005),  140 MPH windows (2005), kitchen with granite counters and S/S appliances including a 5 burner Bosch gas stove,  Thermador convection oven and Bosch Dishwasher. Optimal outdoor space with a spacious patio, tiki hut and garden overlooking the wide deep water canal. Numerous other updates throughout this well maintained home.

Palm City Waterfront Pool Home

Palm City Waterfront Pool Home

Palm City Waterfront Pool Home

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Waterfront Pool Home in Palm City Sold

Palm Cove Golf and Yacht Club Open House November 17

Palm Cove Golf and Yacht Club Open House November 17

Come and join us in this Palm Cove Golf and Yacht Club custom pool home in this prestigious Palm City, Florida Golf and Yachting community.  The open house will be on Sunday, November 17 from 1 to 4 PM.

This Palm Cove Golf and Yacht Club Custom Home at 209 SW Hatteras Court is listed for $535,000. 

Palm Cove Golf and Yacht Club Custom Home

Spacious Home in Palm Cove with over 3600 sq. ft. of living area.

 Palm Cove Golf and Yacht Club Custom Home

Live the good life in Palm Cove. Community marina, non-equity golf & river front clubhouse. Outstanding custom home built by McNamara, updated by current owner. Innovative design & attention to detail will captivate you. Large entry hall, formal dining room, wood paneled office/4th bdrm, bath. Open living room w/ wet bar, fireplace, hardwood floors, tray ceiling, recessed lights. French doors to screened pool. covered lanai. Gourmet kitchen w/ stainless appliances, marble counters, pantry, center island. Two guest suites with baths.Over sized master includes large sitting area, tray ceiling, two walk in closets. Elegant marble master bath, double vanities. New roof, gutters, AC. Come and see this very special Palm Cove Golf and Yacht Club home.

Palm Cove Golf and Yacht Club Custom Home

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Palm Cove Golf and Yacht Club Open House November 17

 

4032 SE Paul Ter Open House November 17

4032 SE Paul Ter Open House November 17

Join us for an Open House Sunday November 17 for an open house in this Port Salerno Waterfront home with Dock and guest home at 4032 SE Paul Terrace.  An ideal home for those looking for deep water ocean access home that is suitable for up to a 35′ boat.   Located on a quiet dead-end street that’s close to restaurants, shopping and the wonderful charm of old Port Salerno Florida.  There’s a bonus two bedroom 1 bath cottage that comes with this home.  Suitable as income property (currently rented) or for the extended family or possibly a home based business.Dock for up to a 35' boat

 

Port Salerno waterfront with protected dock (for up to 30’ to 35’ boat) that’s close to the inlet.  Newer (2007) Key West style custom home with 3 BR, 3 BA and a 4 Car Garage. 

Port Salerno Waterfront Home

Plus an older 2 BR, 1 BA guest home that is currently rented. The main house features an open plan with a chef’s dream kitchen featuring granite counter-tops, gas range, custom maple cabinets, long breakfast bar that’s perfect for entertaining, electric fireplace, and patio overlooking the waterfront.

Kitchen of  Port Salerno Waterfront Home

Living area of Port Salerno Waterfront Home

Instant hot water is supplied by two tank-less gas water heaters. Zoned AC’s. White painted metal roof, for energy efficiency. Washer/Dryer hookup can accommodate both gas or electric. All this on a .55 acre over sized lot located on the end of the street. Room for a pool.

Guest Cottage of Port Salerno Waterfront Home

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4032 SE Paul Ter Open House November 17