October 2013 Market Update Palm City Farms

There are currently 58 homes on the market in Palm City Farms.  Listing prices range from $65,000 to $4,600,000.  The average price per square ft. of living area is $282.97.  These include 4 short sales and 2 bank owned foreclosure listings.

There are currently 16 homes under contract awaiting settlement.  Listing prices ranged from $67,000 to 675,000, for an average of $124.76 per sq. ft. of living area.  8 of these listings are short sales and 2 are foreclosures.

In the past 12 months, 64 homes have sold in Palm City Farms with sales prices ranging from $50,000 to $1.100.000 for an average of $135.11 per sq. ft. of living area.  There were 11 short sales and 11 foreclosure sales in this group of sales.

If you’re looking for an area of secluded acreage, yet still be close to shopping, entertainment the beach and navigable waterways Palm City Farms may just be the dream setting you are looking for.  Prices are currently more affordable than they have been in the past 5 or 6 years.

Beautiful acreage with 5 acre and larger home sites and vacant land abound in Palm City Farms. This is the perfect location for your equestrian needs as well as many other agricultural uses.  All within minutes of Martin County ‘A’ rated schools, shopping, beaches and easy access to I-95 and Florida’s Turnpike.

For additional information about Palm City Farms please contact us.

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October 2013 Market Update Palm City Farms