Palm City FL 34990 Condo Market Report February 2018

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

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

There are currently 103 active condo listings. (Increased by 1 condos from January)

  

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

4 Condos Sold in February. (Down by 9 condos from January)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For February closed sales were off from last month.  Inventory and pending sales showed incrementalimprovements.

The current absorption rate for condos in the 34990 zip code area shot up to 25.8 months (was 6.8 months in July).  A very strong buyers’ market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.

The February 2017 numbers were: 92 active listings, 11 pending sales, and 6 closed sales.  Slightly better activity last year even on a reduced number of condos available for sale (inventory).

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Palm City FL 34990 Condo Market Report January 2018

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

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

There are currently 102 active condo listings. (Increased by 1 condos from December)

  

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

15 Condos Sold in January. (Up by 5 condos from December)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For January the market activity showed some positive gains with a nice increase in closed sales.  Unfortunately, pending sales were down which may indicate fewer closed sales in the coming months.

The current absorption rate for condos in the 34990 zip code area dropped to 6.8 months (was 10.1 months in July).  Into a balanced 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: 91 active listings, 8 pending sales, and 5 closed sales.  Considerably better activity this year with a higher inventory of available condos for sale.

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Palm City FL 34990 Condo Market Report December 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for December 2017

For December 2017 in the 34990 Zip Code area of Palm City, Florida :

There are currently 101 active condo listings. (Increased by 16 condos from November)

  

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

10 Condos Sold in December. (Up by 6 condos from November)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For December the market activity increased from last month in all categories for Palm City condos.

The current absorption rate for condos in the 34990 zip code area dropped to 10.1 months (was 21.25 months in July).  Still a buyer’s market for Palm City condominiums but trending in the right direction.  A balanced market is considered to be an absorption rate of around 6 to 7 months. (A good percentage of the difficult buyer’s market is a result of two equity golf club communities which are having some difficulty with the volume of sales.)

The December 2016 numbers were: 86 active listings, 8 pending sales and 4 closed sales.   Better activity for this year with a higher inventory of available condos for sale.

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Palm City FL 34990 Condo Market Report November 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for November 2017

For November 2017 in the 34990 Zip Code area of Palm City, Florida :

There are currently 85 active condo listings. (Increased by 10 condos from October)

  

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

4 Condos Sold in November. (Up by 2 condos from July)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For November the market activity increased from last month in all categories for Palm City condos.

The current absorption rate for condos in the 34990 zip code area dropped to 21.25 months (was 37.5 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. (A good percentage of the difficult buyer’s market is a result of two equity golf club communities which are having some difficulty with the volume of sales.)

The November 2016 numbers were: 80 active listings, 11 pending sales and 3 closed sales.   Slightly better activity for this year when compard to November of 2016.

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Palm City FL 34990 Condo Market Report October 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for October 2017

For October 2017 in the 34990 Zip Code area of Palm City, Florida :

There are currently 75 active condo listings. (Increased by 7 condos from September)

  

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

2 Condos Sold in October. (Down by 1 condos from July)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Market activity dropped for Palm City condos and this segment remains a difficult one for sellers.  (Though a good part of this difficulty comes from two equity golf club communities.)

The current absorption rate for condos in the 34990 zip code area jumped to 37.5 months (was 22.7 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 October 2016 numbers were: 76 active listings, 9 pending sales and 5 closed sales.   Better activity last year.

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Palm City FL 34990 Condo Market Report September 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for September 2017

For September 2017 in the 34990 Zip Code area of Palm City, Florida :

There are currently 68 active condo listings. (Decreased by 5 condos from August)

  

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

3 Condos Sold in September. (Down by 5 condos from July)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Market activity dropped for Palm City condos and remains a difficult market for sellers.  (Though a good part of this difficulty comes from two equity golf club communities.)  Some of this decreased activity may have been caused by Hurricane Irma which shut down real estate for a little over a week last month

The current absorption rate for condos in the 34990 zip code area jumped to 22.7 months (was 9.1 months in July).  Still in a buyer’s market for Palm City condominiums, but much less extreme than last month.  A balanced market is considered to be an absorption rate of around 6 to 7 months.

The September 2016 numbers were: 71 active listings, 9 pending sales and 4 closed sales.   Slightly better activity last year.

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Palm City FL 34990 Condo Market Report August 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for August 2017

For August 2017 in the 34990 Zip Code area of Palm City, Florida :

There are currently 73 active condo listings. (Decreased by 2 condos from July)

  

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

8 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.  Market activity improved for Palm City condos but remains a difficult market for sellers.  (Though a good part of this difficulty comes from two equity golf club communities.)

The current absorption rate for condos in the 34990 zip code area dropped to 9.1 months (was 37.5 months in July).  Still in a buyer’s market for Palm City condominiums, but much less extreme than last month.  A balanced market is considered to be an absorption rate of around 6 to 7 months.

The August 2016 numbers were: 61 active listings, 8 pending sales and 1 closed sales.   Better closed activity this year on increased inventory while pending sales remained unchanged.

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Palm City FL 34990 Condo Market Report July 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for July 2017

For July 2017 in the 34990 Zip Code area of Palm City, Florida :

There are currently 75 active condo listings. (Unchanged from June)

  

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

2 Condos Sold in July. (Down by 4 condos from June)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Market activity remains pretty slow for Palm City condos and remains a difficult market for sellers.  (Though a good part of this difficulty comes from two equity golf club communities.)

The current absorption rate for condos in the 34990 zip code area jumped to 37.5 months (was 12.5 months in June).  An extreme buyers’ market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.

The July 2016 numbers were: 60 active listings, 7 pending sales and 3 closed sales.   Invenory has increased from last year and activity is slightly slower as well.

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Palm City FL 34990 Condo Market Report June 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for June 2017

For June 2017 in the 34990 Zip Code area of Palm City, Florida :

There are currently 75 active condo listings. (Decreased by 1 condos from May)

  

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

6 Condos Sold in June. (Up by 2 condos from May)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Market activity remains pretty slow for Palm City condos and remains a difficult market for sellers.  (Though a good part of this difficulty comes from two equity golf club communities.)

The current absorption rate for condos in the 34990 zip code area jumped to 12.5 months (was 19 months in May).  A strong buyers’ market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.

The June 2016 numbers were: 65 active listings, 4 pending sales and 7 closed sales.   Invenory is decreased from last year but there are better pending numbers and sales are close to being the same.

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Palm City FL 34990 Condo Market Report May 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for May 2017

 

For May 2017 in the 34990 Zip Code area of Palm City, Florida :

There are currently 76 active condo listings. (Decreased by 10 condos from April)

  

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

4 Condos Sold in May. (Down by 4 condos from April)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Market activity remains pretty slow for Palm City condos and remains a difficult market for sellers.  (Though a good part of this difficulty comes from two equity golf club communities.)

The current absorption rate for condos in the 34990 zip code area jumped to 19 months (was 10.8 months in May).  A strong buyers’ market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.

The May 2016 numbers were: 62 active listings, 13 pending sales and 7 closed sales.   Better volume on lower inventory from last year.

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Palm City FL 34990 Condo Market Report April 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for April 2017

For April 2017 in the 34990 Zip Code area of Palm City, Florida :

There are currently 86 active condo listings. (Decreased by 9 condos from March)

  

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

8 Condos Sold in April. (Up by 4 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 of 2017 closed sales increased and pending sales remained close to last month while the inventory decreased.

The current absorption rate for condos in the 34990 zip code area dropped to 10.8 months (was 23.8 months in April). Still a buyers’ market for Palm City condominiums, but trending towards a more balanced market.  A balanced market is considered to be an absorption rate of around 6 to 7 months.

The April 2016 numbers were: 65 active listings, 12 pending sales and 8 closed sales.   Very similar closed activity and less pending activity this year but with a larger inventory.

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Palm City FL 34990 Condo Market Report March 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for March 2017

 

For March 2017 in the 34990 Zip Code area of Palm City, Florida :

There are currently 95 active condo listings. (Increased by 3 condos from February)

  

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

4 Condos Sold in March. (Down by 2 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 of 2017 activity decreased for both pending and closed sales and there’s quite a lot of room for improvement in this segment of the Martin County condo market.

The current absorption rate for condos in the 34990 zip code area jumped to 23.8 months (was 15.3 months in March). A very strong buyers’ market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.

The March 2016 numbers were: 65 active listings, 15 pending sales and 4 closed sales.   Similar activity this year but with a much larger inventory.

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Palm City FL 34990 Condo Market Report February 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for February 2017

 

For February 2017 in the 34990 Zip Code area of Palm City, Florida :

There are currently 92 active condo listings. (Increased by 1 condos from January)

  

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

6 Condos Sold in February. (Up by 1 condos from January)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Activity was very similar to last month with small gains in pending and closed sales.

The current absorption rate for condos in the 34990 zip code area decreased to 15.3 months (was 18.5 months in February). Still a buyers’ market for Palm City condominiums but trending in the right direction.  A balanced market is considered to be an absorption rate of around 6 to 7 months.

The February 2016 numbers were: 65 active listings, 15 pending sales and 6 closed sales.   Similar activity this year but with a much larger inventory.

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Palm City FL 34990 Condo Market Report January 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for January 2017

 

For January 2017 in the 34990 Zip Code area of Palm City, Florida :

There are currently 91 active condo listings. (Increased by 5 condos from December)

  

8 Condo sales are pending and awaiting close or lender approval. (Unchanged from last month)

5 Condos Sold in January. (Up by 1 condos from December)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  The inventory continues to rise while closed and pending sales are basically holding steady.

The current absorption rate for condos in the 34990 zip code area decreased to 18.5 months (was 21.5 months in January). Still an extreme buyers’ market for Palm City condominiums but trending in the right direction.  A balanced market is considered to be an absorption rate of around 6 to 7 months.

The January 2016 numbers were: 64 active listings, 9 pending sales and 2 closed sales.   Better closed sales numbers this year, but this is with a considerable increase in inventory.

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Palm City FL 34990 Condo Market Report December 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for December 2016

 

For December 2016 in the 34990 Zip Code area of Palm City, Florida :

There are currently 86 active condo listings. (Increased by 6 condos from November)

  

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

4 Condos Sold in December. (Up by 1 condos from November)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  The inventory has risen considerably in the past few months while pending and closed sales have not kept pace.

The current absorption rate for condos in the 34990 zip code area jumped up to 21.5 months (was 40 months in December). Still an extreme buyers’ market for Palm City condominiums but trending in the right direction.  A balanced market is considered to be an absorption rate of around 6 to 7 months.

The December 2015 numbers were: 52 active listings, 9 pending sales and 4 closed sales.   Very similar closed and pending sales volume, though at a considerably greater inventory, so by percentage the activity is greatly reduced for this year.

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Palm City FL 34990 Condo Market Report November 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for November 2016

For November 2016 in the 34990 Zip Code area of Palm City, Florida :

There are currently 80 active condo listings. (Increased by 4 condos from October)

  

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

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

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. Inventory has continued to rise while for this month sales were off making for a pretty strong buyers market.  The bright note is an improved pending sales volume.

The current absorption rate for condos in the 34990 zip code area jumped up to 40 months (was 15.2 months in November). Currently an extreme buyers’ market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.

The November 2015 numbers were: 53 active listings, 8 pending sales and 8 closed sales.   Only the pending sales activity is improved when comparing last year’s activity.

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Palm City FL 34990 Condo Market Report October 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for October 2016

 

For October 2016 in the 34990 Zip Code area of Palm City, Florida :

There are currently 76 active condo listings. (Increased by 5 condos from September)

  

9 Condo sales are pending and awaiting close or lender approval. (Unchanged from last month)

5 Condos Sold in October. (Up by 1 condos from September)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. Inventory has been rising for a few months now and closed sales are not increasing enough to offset this increase even though it has increased.

The current absorption rate for condos in the 34990 zip code area dropped to 15.2 months (was 17.8 months in October). Remaining a strong buyers’ market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.

The October 2015 numbers were: 54 active listings, 10 pending sales and 3 closed sales.   A little more closed activity this year, but this is with a significantly greater inventory of active condos listed for sale.

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Palm City FL 34990 Condo Market Report September 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for September 2016

For September 2016 in the 34990 Zip Code area of Palm City, Florida :

There are currently 71 active condo listings. (Increased by 10 condos from August)

  

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

4 Condos Sold in September. (Up by 3 condos from August)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. Inventory has been rising for a few months now and closed sales are not increasing enough to offset this increase.  We should have an increase in sales later this year or in the beginning of next year as we enter the condo season.

The current absorption rate for condos in the 34990 zip code area dropped to 17.8 months (was 61 months in September). Remaining a strong buyers’ market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.

The September 2015 numbers were: 52 active listings, 8 pending sales and 3 closed sales.   There’s significantly more inventory this year and only slightly higher closed and pending activity.

Palm City FL 34990 Condo Market Report August 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for August 2016

For August 2016 in the 34990 Zip Code area of Palm City, Florida :

There are currently 61 active condo listings. (Increased by 1 condos from July)

  

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

1 Condos Sold in August. (Down by 3 condos from July)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. Tere was only one closed sale for last month while pending sales remained almost unchanged and inventory rose slightly.

The current absorption rate for condos in the 34990 zip code area continued to rise, now at 61 months (was 20 months in August).   A very strong buyers’ market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.

The August 2015 numbers were: 52 active listings, 8 pending sales and 5 closed sales.   Slightly higher inventory and not as active for closed sales this year as compared to last August.

Palm City FL 34990 Condo Market Report July 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for July 2016

For July 2016 in the 34990 Zip Code area of Palm City, Florida :

There are currently 60 active condo listings. (Decreased by 5 condos from June)

  

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

3 Condos Sold in July. (Down by 4 condos from June)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Condo sales were off considerably for July.  Not totally unexpected as typically the summer months are the slow time for Palm City condo sales.

The current absorption rate for condos in the 34990 zip code area continued to rise to 20 months (was 16.3 months in July).   Now one of the few areas where it’s a strong buyers market in Martin County.  A balanced market is considered to be an absorption rate of around 6 to 7 months.

The July 2015 numbers were: 60 active listings, 7 pending sales and 6 closed sales.   Slightly better sales numbers last year, otherwise everything else is identical for this year.