Hammock Creek September 2014 Market Update

There are currently 12 homes actively listed in Hammock Creek in Palm City, Florida.  Prices range from $315,000 to $579,000.  The average list price is $426,266 at $139.18 per square foot of living area.  There are no short sales and 3 bank owned foreclosures in these active listings.

There are 5 homes currently under contract awaiting closing.  Of these pending homes, there is one bank owned foreclosure and no short sales.  The list prices range from $288,719 to $695,000 at an average list price is $406,560 at $143.18 per square foot of living area.

In the past 12 months, 41 homes have sold in Hammock Creek.  Sales prices ranged from $265,000 to $570,000 with an average sales price of $444,829 at $137.66 per square foot of living area.  There was one short sale and four bank owned foreclosures included in these sales.

Hammock Creek is a lovely gated upscale neighborhood consisting of three separate sections, The Sanctuary, The Preserve, and The Estates. The community is centered around the Hammock Creek Golf Course, a Jack Nicklaus designed course. Homes in Hammock Creek consist of one and two stories with square footage ranging from 2000 to over 5000 square feet and prices starting in the low 300’s.Most of the homes sit on generous lots with a view of either the lake, preserve, or golf course.

There are wide paver sidewalks ideal for families who enjoy biking, walking, and jogging. Close to fine shopping, nice restaurants, immediate access to I-95 and the turnpike, and A Rated Palm City schools makes Hammock Creek one of Martin County’s premier neighborhoods.

Low HOA fees ranging from approximately $260 to $390 per month depending on which section one resides .