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Palm City FL 34990 Residential Market Report January 2019

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for January 2019

For January 2019 in the 34990 Zip Code area of Palm City Florida :

There are currently 391 active listings (Up by 52 homes from December)

121 Residential sales are pending (Up by 27 homes from last month)

47 Homes Sold in September (Unchanged from December)

The Palm City FL, zip code 34990 residential real estate market had a much needed increase in inventory and pending sales volume. This should result in increased sales numbers in the coming months.

The monthly absorption rate increased to 8.3 months from 6.1 months in December. Into a buyer’s market for the Palm City zip code 34990 area for residential sales for the first time in quite a while of being in a seller’s market. A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The January 2018 numbers were: 416 active listings, 113 pending sales, and 48 closed sales. Slightly better activity on a smaller inventory of available homes for sale this year when compared to 2018.

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Palm City FL 34990 Residential Market Report January 2019

Hunters Creek Palm City February 2019 Market Report

02.06.19 by Gabe Sanders

Hunters Creek Palm City February 2019 Market Report

Currently, for February 2019, there is only one home on the market in Hunters Creek in Palm City, FL. This home is listed for $344,900 which is also $183.36 per sq. ft. of living area.

There are no homes currently under contract (pending sales).

There have been 6 homes sold in the past 12 months in Hunters Creek. Sales prices were from $320,000 up to $460,000 for an average sales price of $402,000 which equals $174.54 per sq. ft. of living area. These homes sold on average of 96% of the last listed price and were under contract on an average 131 days after being listed.

About Hunters Creek in Palm City FL:

Hunters Creek in Palm City FL is a gated community of 68 homes located off of Mapp Road just north of the Oak Ridge subdivision and across the road from Harbour Pointe.

Hunters Creek in Palm City FL

Homes in Hunters Creek were first completed in 1990 and the last home was built in 2001. There are no more vacant lots left to be built as this community is fully matured and built out. All homes are custom built and range in sizes from over 3,800 sq. ft. of living area to just under 1,700. From 5 bedroom pool homes on over a ½ acre of land down to 3 bedroom homes on just over a quarter of an acre.

Hunters Creek in Palm City FL

HOA fees are very reasonable at under $100 per month. This covers the common areas and security gate along with basic cable TV.

Hunters Creek is very conveniently located near the Palm Cove Golf Club. There is quick access to Florida’s Turnpike and I-95. Also, just a few minutes away from the Palm City Bridge with access to downtown Stuart, Jensen Beach and the beaches of the Atlantic Ocean on Hutchinson Island.

Hunters Creek Homes for Sale in Palm City FL

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Hunters Creek Palm City February 2019 Market Report

Whispering Sound Palm City February 2019 Real Estate Market Report

02.05.19 by Gabe Sanders

Whispering Sound Palm City February 2019 Real Estate Market Report

There are 2 homes for sale in Whispering Sound in February 2019. These homes are listed for $221,000 and $245,000. This is an average list price of $233,000 or $140.26 per sq. ft. of living area.

There are no homes currently under contract.

In the past 12 months, 13 homes have sold in this Whispering Sound. Sales prices ranged from a low price of $197,500 up to a high of $240,000 for an average sales price of $223,954 which equals $139.61 per sq. ft. of living area. These sales average 96% list to sales price ratio and went under contract in an average of 44 days.

About Whispering Sound in Palm City FL:

Whispering Sound in Palm City FL

Whispering Sound is a gated age restricted community (55+) in Palm City FL. An excellent location just west of the new Veteran’ Memorial Bridge on Martin Highway (State Road 714) making downtown Stuart a short ride as well as easy access to Florida’s Turnpike and I-95. Lots of shopping, restaurants and medical facilities are also very close to Whispering Sound.

Whispering Sound in Palm City FL

This attractive community has 228 villas that were built from 1991 to 1998. These villas all come with either a two car or one car garage. Sizes range from just under 1,800 sq. ft. of living area to 1.449 sq. ft. Interiors range from 2 Bedroom and 2 Baths to 3 Bedroom 2 Bath homes.

This active 55+ community boasts of an active clubhouse with heated swimming pool, spa, tennis courts and shuffleboard along with many activities that will keep the most active residents happily occupied throughout the year.

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Whispering Sound Palm City February 2019 Real Estate Market Report

Harbour Pointe Palm City February 2019 Real Estate Market Report

02.03.19 by Gabe Sanders

Harbour Pointe Palm City February 2019 Real Estate Market Report

For February 2019 there are 2 homes for sale in Harbour Pointe. List prices are $354,000 and $489,799 for an average list price of $421,900 or $148.03 per square foot of living area.

There is one Harbour Pointe home currently under contract. This home was listed for $379,900 which equals $180.65. This home was on the market for 141 days prior to going under contract.

10 homes have sold in the past 12 months with sales prices from $375,000 up to $490,000. The average sales price was $410,850 which works out to $173.64 per square foot of living area. These homes sold for an average of 97% list price and averaged 67 days on the market before going under contract.

About Harbour Pointe in Palm City FL:

Harbour Pointe is a gated community of 120 homes in Palm City Florida. This small and private community features modern homes with open floor plans that have many of the amenities that home buyers have sought after with an ideal location that is the envy of many in Martin County! Residents enjoy preserve and lake views in spacious custom designed homes.

This wonderful residential community is close to Palm City Elementary, Hidden Oaks Middle School and Martin County High School, which are among the ‘A’ rated schools of Martin County. Also close to shopping, restaurants as well as the beaches of Martin County as well as easy access to I-95 and Florida’s Turnpike makes it a commuters dream!

Currently Available Homes and Town Homes in Harbour Pointe

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Palm City Florida Real Estate

Residential Homes, Condos and Land with special emphasis on Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Harbour Pointe Palm City February 2019 Real Estate Market Report

Palm City FL 34990 Condo Market Report December 2018

01.22.19 by Gabe Sanders

Palm City FL 34990 Condo Market Report December 2018

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

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

There are currently 97 active condo listings. (Increased by 8 condos from November)

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

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

The Palm City FL 34990 condo real estate market remains a fairly small segment of the Martin County condo market. No sales for December but we do have some condos under contract. The sales activity in this market is skewed by two tough condo communities with high equity and association fees that make this market quite challenging.

The current absorption rate for condos in the 34990 zip code can’t be calculated with 0 sales for this month (was 44.5 months in December). 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 December 2017 numbers were: 101 active listings, 16 pending sales, and 10 closed sales. Better activity last year.

Palm City FL 34990 Condo Market Report December 2018

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Palm City Florida Real Estate presented by:
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Palm City FL 34990 Condo Market Report December 2018

Palm City FL 34990 Residential Market Report December 2018

01.21.19 by Gabe Sanders

Palm City FL 34990 Residential Market Report December 2018

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for December 2018

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

There are currently 349 active listings (Down by 7 homes from November)

94 Residential sales are pending and awaiting close or lender approval. (Down by 5 homes from last month)

57 Homes Sold in September (Down by 9 homes from November)

The Palm City FL, zip code 34990 residential real estate market showed reduced activity for December from the previous month and has transitioned into a balanced market.

The monthly absorption rate increased to 6.1 months from 5.4 months in November. Transitioning into a balanced market for the Palm City zip code 34990 area for residential sales for the first time in quite a while of being in a seller’s market. A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The December 2017 numbers were: 381 active listings, 96 pending sales, and 66 closed sales. Slighltless volume of sales and pending sales this year but this is on a significantly lower inventory of available homes for sale.

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Rental Properties for Rent in Palm-City, Florida Between $0 – $500,000

Palm City Florida Real Estate presented by:
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Palm City FL 34990 Residential Market Report December 2018

Palm City FL 34990 Condo Market Report November 2018

12.26.18 by Gabe Sanders

Palm City FL 34990 Condo Market Report November 2018

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

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

There are currently 89 active condo listings. (Increased by 9 condos from October)

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

2 Condos Sold in November. (Down by 5 condos from October)

The Palm City FL 34990 condo real estate market remains a fairly small segment of the Martin County condo market. Very slow market activity for November. The sales activity in this market is skewed by two tough condo communities with high equity and association fees that make this market quite challenging.

The current absorption rate for condos in the 34990 zip code area rocketed up to 44.5 months (was 111.4 months in November). 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 November 2017 numbers were: 85 active listings, 14 pending sales, and 4 closed sales. Better activity last year.

Palm City FL 34990 Condo Market Report November 2018

Are you interested in the value of your Palm City FL Condo?
Click on this link and fill out the form for an accurate personal evaluation