Search Results for: Palm City FL 34990 Condo Market Report

Palm City FL 34990 Condo Market Report June 2016

07.19.16 by

Palm City FL 34990 Condo Market Report June 2016

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

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



There are currently 65 active condo listings. (Increased by 3 condos from May)

   Palm City FL 34990 Condo Market Report June 2016

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

2 pending

7 Condos Sold in June. (No change in sold condos from May)

Palm City FL 34990 Condo Market Report June 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  The activity in this market has slowed considerably for June and with the weak pending numbers, this may continue for the next few months.

The current absorption rate for condos in the 34990 zip code area shot up to 16.3 months (was 8.9 months in June).   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 June 2015 numbers were: 51 active listings, 14 pending sales and 8 closed sales.   Better activity last year as compared to this year even with increased inventory for 2016.
Palm City FL 34990 Condo Market Report June 2016

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Palm City FL 34990 Condo Market Report June 2016

Palm City FL 34990 Condo Market Report May 2016

06.19.16 by

Palm City FL 34990 Condo Market Report May 2016

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

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



There are currently 62 active condo listings. (Decreased by 3 condos from April)

   Palm City FL 34990 Condo Market Report May 2016

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

Palm City FL 34990 Condo Market Report May 2016

7 Condos Sold in May. (Decreased by 1 condos from April)

Palm City FL 34990 Condo Market Report May 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For May of 2016 sales were off by 1 condo and pending sales were up by 1 while the inventory decreased, but still better than last year.

The current absorption rate for condos in the 34990 zip code area inched up to 8.9 months (was 8.1 months in May).   Still a buyers market for Palm City condos, though these numbers should be taken with a grain of salt because of the low number of available properties.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The May 2015 numbers were: 55 active listings, 11 pending sales and 4 closed sales.   Somewhat better volume of sales and pending sales for 2016 when compared to last year.
Palm City FL 34990 Condo Market Report May 2016

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 Palm City FL 34990 Condo Market Report May 2016

Palm City FL 34990 Condo Market Report April 2016

05.19.16 by

Palm City FL 34990 Condo Market Report April 2016

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

 

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



There are currently 65 active condo listings. (No change in active condos from March)

   Palm City FL 34990 Condo Market Report April 2016

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

Palm City FL 34990 Condo Market Report April 2016

8 Condos Sold in April. (Up by 4 condos from March)

Palm City FL 34990 Condo Market Report April 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For April of 2015 sales increased nicely while pending sales were off while the inventory remained unchanged, though higher thanlast year.

The current absorption rate for condos in the 34990 zip code area dipped to 8.1 months (was 16.25 months in April).   Still a buyers market for Palm City condos, though these numbers should be taken with a grain of salt because of the low number of available properties.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The April 2015 numbers were: 55 active listings, 11 pending sales and 7 closed sales.   Very similar activity to last year, though interestingly the inventory of available condos has now exceeded last years amount.
Palm City FL 34990 Condo Market Report April 2016

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Palm City FL 34990 Condo Market Report April 2016

Palm City FL 34990 Condo Market Report March 2016

04.19.16 by

Palm City FL 34990 Condo Market Report March 2016

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

 

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



There are currently 65 active condo listings. (No change in active condos from February)

   Palm City FL 34990 Condo Market Report March 2016

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

Palm City FL 34990 Condo Market Report March 2016

4 Condos Sold in March. (Down by 2 condos from February)

Palm City FL 34990 Condo Market Report March 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For March of 2015 sales were off while there was a small increase in pending sales.  Inventory is actually higher than in the recent past.

The current absorption rate for condos in the 34990 zip code area rose to 16.25 months (was 10.8 months in March).   An extreme buyers market for Palm City condos, though these numbers should be taken with a grain of salt because of the low number of available properties.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The March 2015 numbers were: 48 active listings, 15 pending sales and 6 closed sales.   Slightly better activity last year when compared to March of 2016, along with the unusual fact of greater inventory this year when compared to 2015.
Palm City FL 34990 Condo Market Report March 2016

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Palm City FL 34990 Condo Market Report March 2016

Palm City FL 34990 Condo Market Report February 2016

03.18.16 by

Palm City FL 34990 Condo Market Report February 2016

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

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



There are currently 65 active condo listings. (Increased by 1 condos from January)

   Palm City FL 34990 Condo Market Report February 2016

15 Condo sales are pending and awaiting close or lender approval. (Up by 6 condos from last month)

Palm City FL 34990 Condo Market Report February 2016

6 Condos Sold in February. (Up by 4 condos from January)

Palm City FL 34990 Condo Market Report February 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For this month, we had some nice increases in both pending and closed sales while the inventory stayed almost constant.

The current absorption rate for condos in the 34990 zip code area dropped to 10.8 months (was 34 months in February).   Still a buyers market for Palm City condos, but trending towards a balanced one.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The February 2015 numbers were: 54 active listings, 13 pending sales and 4 closed sales.   Slightly better activity this year when compared to February of 2015, but we also have a greater inventory of available condos for sale.  Very unusual for today’s market.
Palm City FL 34990 Condo Market Report February 2016

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Palm City FL 34990 Condo Market Report February 2016

Palm City FL 34990 Condo Market Report January 2016

02.18.16 by

Palm City FL 34990 Condo Market Report January 2016

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

 

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



There are currently 64 active condo listings. (Increased by 12 condos from December)

   Palm City FL 34990 Condo Market Report January 2016

9 Condo sales are pending and awaiting close or lender approval. (No change in pending condos from last month)

Palm City FL 34990 Condo Market Report January 2016

2 Condos Sold in January. (Down by 2 condos from December)

Palm City FL 34990 Condo Market Report January 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  To begin 2016, this segment of the market had a nice increase in inventory, unfortunately a decrease in closed sales and no increase in pending sales.

The current absorption rate for condos in the 34990 zip code area is an atrocious 34 months (was 13 months in January).   A very serious buyers market for Palm City condos.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The January 2015 numbers were: 59 active listings, 12 pending sales and 3 closed sales.   Interestingly the inventory for 2016 is now higher than it was for the first month of 2015.  One of the only segments of our market that has this.  Unfortunately, activity is weaker this year as well.
Palm City FL 34990 Condo Market Report January 2016

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Palm City FL 34990 Condo Market Report January 2016

Palm City FL 34990 Condo Market Report December 2015

01.18.16 by

Palm City FL 34990 Condo Market Report December 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for December 2015

For December 2015 in the 34990 Zip Code area of Palm City, Florida :



There are currently 52 active condo listings. (Decreased by 1 condos from November)

Palm City FL 34990 Condo Market Report December 2015

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

Palm City FL 34990 Condo Market Report December 2015

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

Palm City FL 34990 Condo Market Report December 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For December sales were off while the inventory and pending sales were just about unchanged.

The current absorption rate for condos in the 34990 zip code area plunged to 13 months (was 6.6 months in December).   Back into a buyers market for Palm City condos.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The December 2014 numbers were: 61 active listings, 6 pending sales and 6 closed sales.   Somewhat better activity last year, but only marginal.  If the lower inventory is considered there’s a better percentage of activity this year.
Palm City FL 34990 Condo Market Report December 2015

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Palm City FL 34990 Condo Market Report December 2015

Palm City FL 34990 Condo Market Report November 2015

12.17.15 by

Palm City FL 34990 Condo Market Report November 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for November 2015

 

For November 2015 in the 34990 Zip Code area of Palm City, Florida :



There are currently 53 active condo listings. (Decreased by 1 condos from October)

Palm City FL 34990 Condo Market Report November 2015

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

Palm City FL 34990 Condo Market Report November 2015

8 Condos Sold in November. (Up by 5 condos from October)

Palm City FL 34990 Condo Market Report November 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For November this segment of our market had a nice jump in closed sales sending us into a balanced market.  It would be nice to see this trend continue.

The current absorption rate for condos in the 34990 zip code area plunged to 6.6 months (was 18 months in November).   Back into a balanced market for Palm City condos.  A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The November 2014 numbers were: 61 active listings, 11 pending sales and 2 closed sales.   Better closed activity this year, with a slightly reduced inventory.  Though, pending sales were better last year.
Palm City FL 34990 Condo Market Report November 2015

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Palm City FL 34990 Condo Market Report November 2015

Palm City FL 34990 Condo Market Report October 2015

11.17.15 by

Palm City FL 34990 Condo Market Report October 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for October 2015

 

For October 2015 in the 34990 Zip Code area of Palm City, Florida :



There are currently 54 active condo listings. (Increased by 2 condos from September)

Palm City FL 34990 Condo Market Report October 2015

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

Palm City FL 34990 Condo Market Report October 2015

3 Condos Sold in October. (No change in sold condos from September)

Palm City FL 34990 Condo Market Report October 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  A fairly slow market for sales, though pending sales and activity did rise for October.

The current absorption rate for condos in the 34990 zip code area increased to 18 months (was 17.3 months in October).   Even greater buyer’s market than last month. A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The October 2014 numbers were: 58 active listings, 9 pending sales and 3 closed sales.   Very similar activity as last year.
Palm City FL 34990 Condo Market Report October 2015

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Palm City FL 34990 Condo Market Report October 2015

Palm City FL 34990 Condo Market Report September 2015

10.16.15 by

Palm City FL 34990 Condo Market Report September 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for September 2015

 

For September 2015 in the 34990 Zip Code area of Palm City, Florida :



There are currently 52 active condo listings. (No change in active condos from August)

Palm City FL 34990 Condo Market Report September 2015

8 Condo sales are pending and awaiting close or lender approval. (No change in pending condos from last month)

Palm City FL 34990 Condo Market Report September 2015

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

Palm City FL 34990 Condo Market Report September 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Very little change month to month for the Palm City condo market.  One less sale and everything else remained unchanged.

The current absorption rate for condos in the 34990 zip code area jumped to 17.3 months (was 13 months in September).   Even greater buyer’s market than last month. A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The September 2014 numbers were: 60 active listings, 4 pending sales and 0 closed sales.   Better activity this year for condos in Palm City.
Palm City FL 34990 Condo Market Report September 2015

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Palm City FL 34990 Condo Market Report September 2015

Palm City FL 34990 Condo Market Report August 2015

09.20.15 by

Palm City FL 34990 Condo Market Report August 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for August 2015

 

For August 2015 in the 34990 Zip Code area of Palm City, Florida :



There are currently 52 active condo listings. (Down by 8 condos from July)

Palm City FL 34990 Condo Market Report August 2015

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

Palm City FL 34990 Condo Market Report August 2015

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

Palm City FL 34990 Condo Market Report August 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Last month’s rebound in the inventory was wiped out in August.  So we’re back to small numbers of available condos, though that didn;t do very much for the number of closed sales which was off for the month.

The current absorption rate for condos in the 34990 zip code area jumped to 13 months (was 10 months in August).   Now a strong buyer’s market. A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The August 2014 numbers were: 60 active listings, 4 pending sales and 4 closed sales.   Very similar activity levels as compared to last year with the exception of double the number of pending sales this year.
Palm City FL 34990 Condo Market Report August 2015

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Palm City FL 34990 Condo Market Report August 2015

Palm City FL 34990 Condo Market Report July 2015

08.18.15 by

Palm City FL 34990 Condo Market Report July 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for July 2015

 

For July 2015 in the 34990 Zip Code area of Palm City, Florida :



There are currently 60 active condo listings. (Up by 9 condos from June)

Palm City FL 34990 Condo Market Report July 2015

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

Palm City FL 34990 Condo Market Report July 2015

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

Palm City FL 34990 Condo Market Report July 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  It’s good to see a rebound in the inventory, though unfortunately both closed and pending sales were off this month.  Not unexpected as the condo market often slows down during the summer season.

The current absorption rate for condos in the 34990 zip code area declined to 10 months (was 6.4 months in August).   Back into a buyer’s market after last month’s balanced market. A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The July 2014 numbers were: 59 active listings, 6 pending sales and 1 closed sales.   Even though July was slower than June, it is still much better activity than for last July.
Palm City FL 34990 Condo Market Report July 2015

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Palm City FL 34990 Condo Market Report July 2015

Palm City FL 34990 Condo Market Report June 2015

07.18.15 by

Palm City FL 34990 Condo Market Report June 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for June 2015

 

For June 2015 in the 34990 Zip Code area of Palm City, Florida :



There are currently 51 active condo listings. (Down by 4 condos from May)

Palm City FL 34990 Condo Market Report June 2015

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

Palm City FL 34990 Condo Market Report June 2015

8 Condos Sold in June. (Up by 4 condos from May)

Palm City FL 34990 Condo Market Report June 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Fairly positive activity for June of 2015 with improving closed sales and pending sales.

The current absorption rate for condos in the 34990 zip code area declined to 6.4 months (was 13.8 months in August).   Sliding in the wrong direction for the Palm City condo market. A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The June 2014 numbers were: 56 active listings, 5 pending sales and 3 closed sales.   Somewhat better volume for the 2015 palm City condo market.
 Palm City FL 34990 Condo Market Report June 2015

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Palm City FL 34990 Condo Market Report June 2015

Palm City FL 34990 Condo Market Report May 2015

06.18.15 by

Palm City FL 34990 Condo Market Report May 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for May 2015

 

For May 2015 in the 34990 Zip Code area of Palm City, Florida :



There are currently 55 active condo listings. (Unchanged from April)

Palm City FL 34990 Condo Market Report May 2015

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

Palm City FL 34990 Condo Market Report May 2015

4 Condos Sold in May. (Down by 3 condos from April)

Palm City FL 34990 Condo Market Report May 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Unfortunately activity decreased from the previous month.

The current absorption rate for condos in the 34990 zip code area declined to 13.8 months (was 7.9 months in August).   Sliding in the wrong direction for the Palm City condo market. A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The May 2014 numbers were: 52 active listings, 10 pending sales and 4 closed sales.   Just about identical to this years activity.
 Palm City FL 34990 Condo Market Report May 2015

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Palm City FL 34990 Condo Market Report May 2015

Palm City FL 34990 Condo Market Report April 2015

05.21.15 by

Palm City FL 34990 Condo Market Report April 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for April 2015

 

For April 2015 in the 34990 Zip Code area of Palm City, Florida :



There are currently 55 active condo listings. (Up by 7 condos from March)

Palm City FL 34990 Condo Market Report April 2015

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

Palm City FL 34990 Condo Market Report April 2015

7 Condos Sold in April. (Up by 1 condos from March)

Palm City FL 34990 Condo Market Report April 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Pending sales were off from last month while we had one additional closed sale for April.  There was an increase in inventory which is a good sign for the future.

The current absorption rate for condos in the 34990 zip code area declined to 7.9 months (was 8 months in August).   A marginal improvement from last month, and getting closer to a desirable balanced market.  A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The April 2014 numbers were: 53 active listings, 8 pending sales and 7 closed sales.   Except for some better pending sales, almost identical activity to last year.
 Palm City FL 34990 Condo Market Report April 2015

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Palm City FL 34990 Condo Market Report April 2015

Palm City FL 34990 Condo Market Report March 2015

04.18.15 by

Palm City FL 34990 Condo Market Report March 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for March 2015

 

For March 2015 in the 34990 Zip Code area of Palm City, Florida :



There are currently 48 active condo listings. (Down by 6 condos from February)

Palm City FL 34990 Condo Market Report March 2015

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

Palm City FL 34990 Condo Market Report March 2015

6 Condos Sold in March. (Up by 2 condos from February)

Palm City FL 34990 Condo Market Report March 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Both pending and closed sales were up for March while our inventory of available condos for sale continues to shrink.

The current absorption rate for condos in the 34990 zip code area declined to 8 months (was 13.5 months in August).   An improvement from last month, and approaching a balanced market.  A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The March 2013 numbers were: 57 active listings, 5 pending sales and 1 closed sales.   Considerably better activity for this year, even with the reduced inventory of available condos for sale.
 Palm City FL 34990 Condo Market Report March 2015

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Palm City FL 34990 Condo Market Report March 2015

Palm City FL 34990 Condo Market Report February 2015

03.18.15 by

Palm City FL 34990 Condo Market Report February 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for February 2015

 

For February 2015 in the 34990 Zip Code area of Palm City, Florida :



There are currently 54 active condo listings. (Down by 5 condos from January)

Palm City FL 34990 Condo Market Report February 2015

13 Condo sales are pending and awaiting close or lender approval. (Increased by 1 condo from last month)

Palm City FL 34990 Condo Market Report February 2015

4 Condos Sold in February. (Up by 1 condo from January)

Palm City FL 34990 Condo Market Report February 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Sales for Palm City condos were up slightly for February, as were pending sales.  Our active inventory is currently less than last year’s.

The current absorption rate for condos in the 34990 zip code area is 13.5 months (was 19.7 months in August).   An improvement from last month, but still have a ways to go for a balanced market.  A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The February 2013 numbers were: 63 active listings, 6 pending sales and 6 closed sales.   Better activity last year, though only slightly and there was greater inventory.
 Palm City FL 34990 Condo Market Report February 2015

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Palm City FL 34990 Condo Market Report February 2015

Palm City FL 34990 Condo Market Report January 2015

02.18.15 by

Palm City FL 34990 Condo Market Report January 2015

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for January 2015

 

For January 2015 in the 34990 Zip Code area of Palm City, Florida :



There are currently 59 active condo listings. (Down 2 condos from December)

Palm City FL 34990 Condo Market Report January 2015

12 Condo sales are pending and awaiting close or lender approval. (Increased by 6 condos from last month)

Palm City FL 34990 Condo Market Report January 2015

3 Condos Sold in January. (Down by 3 condos from December)

Palm City FL 34990 Condo Market Report January 2015

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Sales for Palm City condos were off for January, but pending sales were up which is a positive sign for coming months.  Our active inventory is now almost identical to last year.

The current absorption rate for condos in the 34990 zip code area is 19.7 months (was 10.2 months in August).   Unfortunate drop for the first month of 2015.  A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The January 2013 numbers were: 58 active listings, 5 pending sales and 2 closed sales.   Even though activity is off from last month, it’s still a better market than we had last year.
 Palm City FL 34990 Condo Market Report January 2015

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Palm City FL 34990 Condo Market Report January 2015

Palm City FL 34990 Condo Market Report December 2014

01.18.15 by

Palm City FL 34990 Condo Market Report December 2014

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for December 2014

 

For December 2014 in the 34990 Zip Code area of Palm City, Florida :



There are currently 61 active condo listings. (Unchanged from November)

Palm City FL 34990 Condo Market Report December 2014

6 Condo sales are pending and awaiting close or lender approval. (Decreased by 5 condos from last month)

Palm City FL 34990 Condo Market Report December 2014

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

Palm City FL 34990 Condo Market Report December 2014

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Sales for Palm City condos picked up a little for the end of the year.  Unfortunately pending sales dropped.  The inventory remains unchanged.

The current absorption rate for condos in the 34990 zip code area is 10.2 months (was 30 months in August).   A big improvement from last month.  A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The December 2013 numbers were: 66 active listings, 5 pending sales and 2 closed sales.   Slightly lower inventory for 2014 as compared to last year with better activity.
 Palm City FL 34990 Condo Market Report December 2014

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Palm City FL 34990 Condo Market Report December 2014

Palm City FL 34990 Condo Market Report November 2014

12.19.14 by

Palm City FL 34990 Condo Market Report November 2014

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for November 2014

 

For November 2014 in the 34990 Zip Code area of Palm City, Florida :



There are currently 61 active condo listings. (Up by 3 condos from October)

Palm City FL 34990 Condo Market Report November 2014

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

Palm City FL 34990 Condo Market Report November 2014

2 Condos Sold in November. (Down by 1 condo from October)

Palm City FL 34990 Condo Market Report November 2014 

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Continued activity, but not anything to write home about.  Slight increase in inventory and pending sales for this month with a small drop in closed sales.

The current absorption rate for condos in the 34990 zip code area is 30 months (was 19.3 months in August).   A good time to buy if one is interested in this area.  A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
 
The November 2013 numbers were: 67 active listings, 6 pending sales and 1 closed sales.   Better market activity for this year. 
 Palm City FL 34990 Condo Market Report November 2014
 

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Palm City FL 34990 Condo Market Report November 2014