River Landing May 2018 Market Report Palm City FL

River Landing May 2018 Market Report Palm City FL

As of May 2018, there are two homes currently on the market in River Landing. List prices are $439,000 and $499,000. This makes for an average asking price of $469,000 which equals $165.53 per sq. ft. of living area.

There are 2 homes currently under contract and awaiting settlement.  List prices were $439,000 and $564,900. This makes for an average asking price of $501,950 which equals $182.02 per sq. ft. of living area.  These homes were on the market for an average of 42 days prior to going under contract.

In the past 12 months, 5 homes have sold in River Landing.  Sales prices ranged from $265,000 up to $450,000.  The average sales price equaled $369,100 which works out to $164.81 per sq. ft. of living area. These homes sold for an average of 97% of the last list price and took an average of 61 days on market until going under contract. 

About River Landing in Palm City FL:

Entrance to River Landing in Palm City Florida
One of the little-known gems of the Treasure Coast, River Landing is home to 96 custom built homes on the shores of the South Fork of the Saint Lucie River.  There is currently one vacant lot left in River Landing.  Homes in River landing were first built in 1986 and as of this writing, the last one was built in 2007.  Both one and two story homes on generously sized lots of approximately 1/3 of an acre and some with larger lots.  Home sizes range from 3 bedroom homes with under 2,000 sq. ft. of living area up to 5 BR with almost 4,500 sq. ft. of air-conditioned space.  Low HOA fees of $142 per month include basic cable TV services, trash pickup, security gate and maintenance and upkeep of the common areas.
River Landing River Access

This one of a kind gated community offers child and pet-friendly quiet streets and has an ocean access boat ramp as well as RV/Trailer/Boat storage facility, tennis courts, and playground.

Homes are surrounded by wetland preserves, lakes and forested areas.

 

River Landing in palm City Florida Playground

Living in River Landing is like being on vacation year round with its quick access to the St. Lucie River for a great day of fishing on your boat. The homes in River Landing are mostly new with some older homes, and most have yards with ample space to give you the privacy you want.  Palm City is a wonderful town to live in because of its closeness to I-95 and Florida’s Turnpike as well as its “A” rated school system, entertainment, and fantastic local restaurants!

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River Landing Homes for Sale in Palm City Florida

River Landing May 2018 Market Report Palm City FL

Lake Village – The Crossings Townhome Under Contract

 Lake Village – The Crossings Townhome Under Contract


Townhouse for sale in Palm City, FL
Overview
Maps
Photos
Description
$175,000
A hard to find affordable 3 bedroom, 2 ½ bath townhome with a 1 car garage in Palm City. This home features a spacious open plan with the living, dining and kitchen area centrally located on the first floor and three bedrooms and 2 baths upstairs. Full sized washer and dryer in the utility room. The covered and screened patio overlooks green space, preserves and a small pond. Lake Village/The Crossings features a lakeside pool and clubhouse, tennis courts and a scenic walking path around the central lake in the community. This is a community for all ages offering “A-rated” schools, easy access to I-95, the Turnpike, shopping & varied restaurants and just a short drive to historic downtown Stuart & the beaches.
Main Features
3 Bedrooms
2 Full Bathrooms
1 Half Bathroom
Interior: 1,119 sqft
Lot: 2,029 sqft
Year Built: 1992
MLS #: M20011613
Location
1577 SW Crossing Circle
Palm City, FL 34990
USA

Gabe SandersGabe Sanders

Real Estate of Florida
(772) 323-6996
[email protected]
http://www.GabeSanders.com

       

Listed by: Real Estate of Florida

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 Lake Village – The Crossings Townhome Under Contract

 

Palm City FL 34990 Condo Market Report April 2018

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)

   Palm City FL 34990 Condo Market Report April 2018

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

Palm City FL 34990 Condo Market Report April 2018

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

Palm City FL 34990 Condo Market Report April 2018

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.
Palm City FL 34990 Condo Market Report April 2018
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Palm City FL 34990 Condo Market Report April 2018

Palm City FL 34990 Residential Market Report April 2018

Palm City FL 34990 Residential Market Report April 2018

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

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

 There are currently 364 active listings (Decreased by 27 homes from March)

Palm City FL 34990 Residential Market Report April 2018

193 Residential sales are pending and awaiting close or lender approval. (Up by 22 homes from last month)

Palm City FL 34990 Residential Market Report April 2018

64 Homes Sold in March (Down by 17 homes from March)

Palm City FL 34990 Residential Market Report April 2018

The Palm City FL, zip code 34990 residential real estate market is going to have an issue maintaining good momentum if the inventory continues to drop as it has the past few months.  Pending sales remain very strong even as closed sales were off from last month.
The monthly absorption rate rose to 5.7 months from 4.8 months in March.  Still a slight seller’s market for the Palm City zip code 34990 area for residential sales, though trending back towards a balanced market.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The April 2017 numbers were:  403 active listings, 191 pending sales, and 80 closed sales.  Somewhat slower closed sales this year, but this is with a greatly reduced number of homes available for sale (inventory).

Palm City FL 34990 Residential Market Report April 2018

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

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Palm City FL 34990 Residential Market Report April 2018

Oakbrooke Estates May 2018 Market Report

Oakbrooke Estates May 2018 Market Report

As of may 2018, there were no homes for sale in the Oakbrooke Estates community of Palm City in Martin County Florida.

There is one home under contract.  This home was listed for $550,000 which works out to $149.05 per sq. ft. of living area.  This home was on the market for 53 days prior to going under contract.

In the past 12 months, 5 Oakbrooke Estates homes have sold.  Sales prices ranged from $475,000 up to $515,000 which is an average sales price of $485,000 or $134.12 per sq. ft. of living area.  These homes sold for 97% of the last list price and went under contract in an average of 119 days after being listed.

About Oakbrooke Estates:

Oakbrooke Estates real estate in Palm City FL

Also known as Oakbrooke Estates Gardens.  Located on the north side of Martin Hwy (State Road 714) and just down the street from the Publix supermarket and close to other shopping areas as well as schools and Florida’s Turnpike.  This community was built between 2003 and 2005 and consists of 70 single family homes of various sizes ranging from 4 bedroom, 3 bathroom homes of 2,263 sq. ft. of living area up to 5 bedroom, 4 bathroom homes of 3,690 sq. ft. and all these homes come with 3 car garages.

Oakbrooke Estates in Palm City FL

Oakbrooke Estates real estate in Palm City FL

Many of the homes in Oakbrooke Estates have their own private pool as well as some homes with serene lake views on cul-de-sacs.  There is a community pool and clubhouse as well in this subdivision and a gated entrance for privacy and security.  The low HOA fees of $180 cover the common areas, security gate, trash pickup and basic cable TV.

Oakbrooke Estates real estate in Palm City FL

Children who live in Oakbrooke Estates currently attend the Palm City Elementary, Hidden Oaks Middle and Martin County High Schools.

Oakbrooke Estates real estate in Palm City FL

A wonderful family friendly community of newer palm City Homes.

Check here to see if any Oakbrooke estates homes are available for sale