Palm City Florida Market Report ZIP Code 34990 Condo August 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for August 2013

 

For August 2013 in the 34990 Zip Code area of Palm City, Florida :

There are currently 53 active condo listings. (Down by 1 condo from July)

 

 

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

 

0 Condos Sold in August. (Down 6 condos from July)

 

 The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes.  Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results.  There were no sales in August for condos, while the inventory and pending sales moved only by one condo each.

 

The current absorption rate for condos in the 34990 zip code area is not available with zero sales.  A balanced market is considered to be an absorption rate of around 6 months.

 

The August 2012 numbers were: 63 active listings, 6 pending sales and 4 closed sales.   The higher pending numbers this year should indicate some sales in the near future.

Palm City Florida Market Report ZIP Code 34990 Condo July 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for July 2013

 

For July 2013 in the 34990 Zip Code area of Palm City, Florida :

There are currently 54 active condo listings. (Down by 4 condos from June)

 

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

 

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

 

The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes.  Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results.  Both pending and closed sales were off this month compared to June as well as another month with decreasing inventory.

 

The current absorption rate for condos in the 34990 zip code area rose to 8.3 months.  Drifting back into a buyers market, as a balanced market is considered to be an absorption rate of around 6 months.

 

The July 2012 numbers were: 62 active listings, 7 pending sales and 1 closed sales.   Even with the significantly lower number of active condo listings, this year’s activity is much better.

Palm City Florida Market Report ZIP Code 34990 Condo June 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for June 2013

 

For June 2013 in the 34990 Zip Code area of Palm City, Florida :

There are currently 54 active condo listings. (Up by 2 condos from May)

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

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8 Condos Sold in June. (Up 5 condos from May)

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The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes.  Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results.   Sales were up by more than double from last month, while pending sales were off by 2 condos, and a small increase of 2 condos to the inventory.

 

The current absorption rate for condos in the 34990 zip code area dropped to 6.8 months.  A steep drop to almost a balanced market for this month, as a balanced market is considered to be an absorption rate of around 6 months.

 

The June 2012 numbers were: 66 active listings, 5 pending sales and 3 closed sales.   Even with the significantly lower number of active condo listings, this year’s activity is much better.

Palm City Florida Market Report ZIP Code 34990 Condo May 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for May 2013

 

For May 2013 in the 34990 Zip Code area of Palm City, Florida :

There are currently 52 active condo listings. (Down 6 condos from April)

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

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

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The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes.  Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results.   Sales were only 3 units for May, yet the pending numbers were up, indicating some good closed activity for the next few months (if they all close).  Inventory is now down to only 52 condos for Palm City.

 

The current absorption rate for condos in the 34990 zip code area jumped to 17.3 months.  An extreme buyers market for this month, as a balanced market is considered to be an absorption rate of around 6 months.

 

The May 2012 numbers were: 66 active listings, 8 pending sales and 2 closed sales.   Considerably better activity for 2013 than last year.

Palm City Florida Market Report ZIP Code 34990 – Condo, April 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for April 2013

 

For April 2013 in the 34990 Zip Code area of Palm City, Florida :

There are currently 58 active condo listings. (Down 5 condos from March)

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

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

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The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes.  Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results.   Considering that we are now down to only 58 active cndo listings, activity has been excellent for this market.  Both closed and pending sales were up for April.

 

The current absorption rate for condos in the 34990 zip code area is 8.2 months.  Now down to a slight buyers’ market, as a balanced market is considered to be an absorption rate of around 6 months.

 

The April 2012 numbers were: 66 active listings, 3 pending sales and 1 closed sales.   Considerably better activity for 2013 than last year.

Palm City Florida Market Report ZIP Code 34990 – Condo, March 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for March 2013

For March 2013 in the 34990 Zip Code area of Palm City, Florida :

There are currently 63 active condo listings. (Down by 6 condos from February)

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

5 Condos Sold in March. (Up by 1 condo from February)

The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes.  Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results.  For March, the Palm City condo market activity had a small decrease in an already small inventory.  Sales were up and pending sales were also up.

The current absorption rate for condos in the 34990 zip code area is 13.8 months.  A very strong buyers’ market, as a balanced market is considered to be an absorption rate of around 6 months.

The March 2012 numbers were: 66 active listings, 2 pending sales and 3 closed sales.   Even with such small numbers, a considerably better performance in 2013 as opposed to last year.

Palm City Florida Market Report ZIP Code 34990 – Condo, February 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for February 2013

 

For February 2013 in the 34990 Zip Code area of Palm City, Florida :

There are currently 69 active condo listings. (No change from January)

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

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

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The 34990 zip code area of Palm City condo market is a fairly small section of this area as most property in Palm City is either single family homes or town homes.  Thus making meaningful market comparisons somewhat difficult as small changes can have a great effect on the percentages and results.  For February, the Palm City condo market activity had no change in inventory and one less pending sale and one greater closed sale.

 

The current absorption rate for condos in the 34990 zip code area is 17.3 months.  A very strong buyers’ market, as a balanced market is considered to be an absorption rate of around 6 months.

 

The February 2012 numbers were: 71 active listings, 1 pending sales and 5 closed sales.   Close comparison to last year, with the exception of the increased pending activity this year.