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Palm City FL 34990 Residential Market Report August 2018

09.25.18 by

Palm City FL 34990 Residential Market Report August 2018

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

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

 There are currently 361 active listings (Increased by 26 homes from July)

Palm City FL 34990 Residential Market Report August 2018

100 Residential sales are pending and awaiting close or lender approval. (Down by 42 homes from last month)

Palm City FL 34990 Residential Market Report August 2018

97 Homes Sold in July (Up by 21 homes from July)

Palm City FL 34990 Residential Market Report August 2018

The Palm City FL, zip code 34990 residential real estate market had mixed results for August.  There was a welcome increase in inventory and closed sales.  Unfortunately, a big decrease in pending sales.
The monthly absorption rate dipped to 3.7 months from 4.4 months in July.  Remaining in a seller’s market for the Palm City zip code 34990 area for residential sales.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The August 2017 numbers were:  346 active listings, 128 pending sales, and 95 closed sales. Similar closed activity this year when compared to last year.  The pending numbers are down for this year though.

Palm City FL 34990 Residential Market Report August 2018

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Palm City FL 34990 Residential Market Report August 2018

Bay Pointe Palm City September 2018 Market Report

09.25.18 by

Bay Pointe Palm City September 2018 Market Report

There are three homes currently for sale in Bay Pointe in Palm City FL.  These homes are listed for sale from $950,000 up to $2,185,000 for an average list price of $1,520,833 which equals $332.23 per sq. ft. of living space.

There are no homes currently under contract in Bay Pointe.

In the past 12 months, three homes have sold in Bay Pointe in Palm City FL.  These homes had sales prices from $449,000 up to $1,575,000.  This equals an average sales price of $936,333 which equals $267.53 per sq. ft. of living space.  These homes were on the market for an average of 66 days before going under contract and sold for an average of 95% of the list price.

About Bay Pointe in Palm City, Florida:

Bay Pointe Waterfront Homes in Palm City, Florida

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Located next to Seagate Harbor and Lighthouse Pointe is the exclusive subdivision of Bay Pointe in Palm City Florida.  This exclusive gated waterfront subdivision boasts 23 homes and lots on the wide waters of the Saint Lucie River.  An additional 11 non-waterfront homes and homesites enjoy the amenities of this private community.  Even the non-waterfront homes have access to docks with a community pier located on the south side of the community.

Bay Pointe Waterfront Homes in Palm City, Florida

The current HOA fees vary from $910 up to $1,350 a month depending on whether the owner chooses to have the HOA do the landscaping for the yard (current as of September 2018).

Bay Pointe waterfront in Palm City FL
Located with a large private preserve area to the south and west and enjoying magnificent wide water views to the east.  Only minutes to the wide Atlantic Ocean by boat and enjoying the amenities and low taxes of Martin County make Bay Pointe a wonderful place to call home.

Bay Pointe waterfront in Palm City FL
Close to parks, beaches, shopping and boasting the ‘A’ rated school system of Martin County.  Current school assignments for Bay Pointe are the Bessey Creek Elementary School, Hidden Oaks Middle School and Martin County High School.

Bay Pointe waterfront in Palm City FL

The Gabe Sanders real estate team has some excellent buyer and seller rebate programs available for a limited time for those interested in buying or selling in Bay Pointe.  (Available until 12/2018)  Please call for details.

Bay Pointe waterfront in Palm City FL

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Bay Pointe Palm City September 2018 Market Report

The Meadows Palm City September 2018 Market Report

09.23.18 by

The Meadows Palm City September 2018 Market Report

There are currently 6 homes for sale in the Meadows in Palm City FL.  List prices range from $169,900 up to $299,000.  This is an average list price of $245,800 which equals $150.99per sq. ft. of living area.

There are currently 2 homes under contract in the Meadows.  These homes were listed for  $305,000 and $309,000.  This is an average list price of $307,000 which is $176.72 per sq. ft. of living area.  These homes averaged 22 days on market before going under contract.

In the past 12 months, there have been 28 sales in the Meadows.  Sales prices ranged from a low of $142,000 up to $400,000.  This is an average sales price of $260,593 or $158.11 per sq. ft. of living area.  These homes went under contract in an average of 27 days and sold for an average of 96% of their final list price.

About The Meadows Homes in Palm City Florida:

The Meadows at Martin Downs is a family friendly gated residential community very well situated in Palm City, Florida. There are 832 homes consisting of single-family homes, duplexes, 4 unit townhouses, and 4 unit patio homes. The Meadows community is divided into 6  distinct villages which are named: Greenwich, Lakemont, Mayflower, Brighton, Foxboro, and Ridgewood.

The Meadows is a guard gated community with round-the-clock security.  Residents of the meadows enjoy a large heated swimming pool, a tot pool, children’s playground adjacent to the pool, basketball, 3 lighted tennis courts, a horseshoe pit and 2 bocce courts.  Near the entrance of the Meadows, between the gatehouse and the fountain, is a 2200 square foot recreation center, known as The Meadows House, which also houses the administrative offices of The Meadows Homeowners Association.

The Meadows came into existence through the efforts of local developer Peter Cumming who submitted the plans for the community around 1988.  Shortly thereafter, Burg and DiVosta (soon to be just DiVosta) began developing the land in the area called Martin Downs for the soon to be constructed villages of The Meadows.

Divosta started construction on the site known as The Meadows in 1988 by building two structures from which to sell. One was a Single Family home (Hampton) in what is now known as Greenwich Village, and the other was a four-unit Town Homebuilding (Stamford) in what is now known as Lakemont Village. Both types of homes were started in The Meadows at about the same time in 1988.  DiVosta completed the Meadows in 1993 and turned the administration and running of the community to The Meadows Homeowners Association which runs the community through elected officers as well as a full-time support staff.

HOA fees in the meadows vary by the type of home, so please look at the listing details view when checking available Meadows homes for sale.  The Meadows is not age restricted and currently allows up to 2 large pets.  Rentals are also allowed with some restrictions.

Children currently attend the Bessey Creek Elementary School, the Hidden Oaks Middle School; and the Martin County High School.

Search for the Meadows Homes for Sale

The Meadows Palm City September 2018 Market Report

Islesworth in Palm City FL September 2018 Market Report

09.16.18 by

Islesworth in Palm City FL September 2018 Market Report

There are currently two homes for sale in Islesworth in Palm City, Florida.  The list prices are $449,900 and $475,000.  This is an average list price of $462,450 or $162.30 per square foot of living area.

There are no homes currently under contract in Islesworth.

In the past 12 months, 3 homes have sold in Islesworth.  Sales prices ranged from $414,900 up to $449,000.  This is an average sales price of $437,300 which works out to $167.15 per square foot of living area. These homes averaged 73 days on the market prior to going under contract and sold for 96% of the listing price.

About Islesworth in Palm City FL

Islesworth Entrance

The Islesworth subdivision in Palm City is a very attractive neighborhood located in the heart of Palm City, FL in a non-gated community off of Route 714 (Martin Highway).  This was a Pulte community with 113 homes being built from 1996 through 1998.  Most homes are on spacious lots from just under to over ¼ acre sites.

Islesworth Lake 1Many homes enjoy serene water views as there are two smaller lakes in this community.  Both single and two story homes with the vast majority being 4 bedroom homes though there are a number of 5 bedroom homes as well as a few 3 bedroom homes.  The current HOA fees are a very reasonable $463.00 per quarter.  The fees include maintenance and insurance of the common areas, roads, reserve funds and basic cable TV.

Homes in Islesworth 3Islesworth is right next door to Hidden Oaks Middle School and only a short bike ride to Palm City Elementary School.  Children in Islesworth go to Martin County High School which is approximately 5 miles away.

Islesworth in Palm City FLClose to grocery and other shopping as well as medical facilities and places of worship, Islesworth offers very easy access to most resident’s needs.  For those needing to commute, both Florida’s Turnpike and I-95 are both only a short distance away.


Islesworth Lake 3

Islesworth Playground

Here are the currently available homes in September 2018 Market Report for Islesworth in Palm City FL

 

For any questions you may have about September 2018 Market Report for Islesworth in Palm City FL, please call the Gabe Sanders real estate team at 772-323-6996 or Contact Us Here

Palm City Florida Real Estate
Residential Homes, Condos, and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Islesworth in Palm City FL September 2018 Market Report

Rustic Hills Palm City FL September 2018 Real Estate Market Report

09.10.18 by

Rustic Hills Palm City FL September 2018 Real Estate Market Report

There is only one home available for sale in Rustic Hills.  The list price is $405,000 or $232.49 per sq. ft. of living area.

There are no homes under contract at this time.

In the past 12 months, 12 Rustic Hills homes have sold.  Sales prices ranged from $220,000 up to $544,900 for an average sales price of $351,408 which equates to $173.69 per sq. ft. of living area at a 94% sales to list price ratio.  These homes went under contract in an average of 106 days.

About Rustic Hills in Palm City FL:

Covered Bridge, Rustic Hills, Palm City, Florida

Originally a popular fishing camp, Rustic Hills in Palm City, Florida is a quaint waterfront enclave of 178 home sites geared for families who also enjoy boating.All homes have canal frontage with dockage, except for 10 homes/lots, which have deeded spaces for docks.A wonderful entrance through the ‘covered bridge’ allows entry into Rustic Hills.Great families and good neighbors through a series of winding one lane roads that make this neighborhood unique in today’s fast paced life styles.Some homes still have the outward character of the old fishing camp lodges, but most have been completely remodeled or even re-built to today’s standards.

Rustic Hills, Palm City, Florida, Canals

Truly a ‘rustic’ area, but close to shopping, beaches and all modern amenities. Only a short ride by boat to the wide Saint Lucie River and an additional few minutes to the Saint Lucie Inlet and the beautiful Atlantic Ocean.

Rustic Hills, Palm City, Florida Homes for Sale

Currently, children living in Rustic Hills attend Bessey Creek Elementary School, Hidden Oaks Middle School and Martin County High School.  Rustic Hills is an exceptionally friendly family neighborhood where children are seen playing outside at all times and neighbors taking the time to make sure that all is well.

Rustic Hills covered bridge

There are a number of exceptional opportunities for the prospective home buyer in Rustic Hills.

Search for currently available homes in Rustic Hills, Palm City, Florida

Recent market reports:

For more Stuart Florida area real estate information contact Gabe Sanders or search for properties at GabeSanders.com

Please click on this link for the latest market reports for Martin County, Saint Lucie County, and the State of Florida.

Rustic Hills Palm City FL September 2018 Market Update

 

Four Rivers September 2018 Palm City Real Estate Market Report

09.04.18 by

Four Rivers September 2018 Palm City Real Estate Market Report

For September 2018, there are three homes for sale in Four Rivers in Palm City FL ranging in price from $649,900 up to $1,650,000 for an average list price of $1,164,967 or $285.25 per sq. ft. of living area.

There is one home currently under contract. The list price was $1,069,000 which is $330.24 per sq. ft. of living area.  This home was on the market for 129 days prior to going under contract.

8 homes have sold in the past 12 months in Four Rivers, with the sales prices ranging from $550,000 up to $1,790,000 for an average sales price of $899,500 which is $216.09 per sq. ft. of living area.  These homes averaged 154 days on the market before going under contract and the sales were for an average at 93% of the list price.

About Four Rivers in Palm City FL:

Four Rivers in Palm City Florida
Google Earth image

Four Rivers is a unique enclave of spacious homes on the banks of the South Fork of the Saint Lucie River.  Ideal for the serious boaters, all of Four Rivers’ home sites are on deep water canals suitable for larger vessels and with no fixed bridges (under 60’) to the Saint Lucie inlet to gain access to the crystal clear waters of the Atlantic Ocean.

Four Rivers in Palm City Florida
Google Earth image

Consisting of 98 home sites, with a minimum ½ acre of land (though most have ¾ acre or more), Four Rivers is a perfect family friendly neighborhood. Very conveniently located close to ‘A’ rated schools, shopping, restaurants and only a few minutes from either downtown Stuart or Florida’s Turnpike for those wishing to commute to our more crowded neighboring counties.

Four Rivers in Palm City

Low HOA fees insure the canals will be maintained to a depth of 6’ at mean low tide to make sure no boats have difficulties navigating to open water.  Four Rivers is a wonderful place to call home.

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Four Rivers September 2018 Palm City Real Estate Market Report

 

Hunters Creek Palm City August 2018 Market Report

08.28.18 by

Hunters Creek Palm City August 2018 Market Report

Currently for August 2018, there is only one home on the market in Hunters Creek in Palm City, FL.  This home is listed for $370,000 which is also $157.78 per sq. ft. of living area.

There are two homes currently under contract (pending sale).  These homes were listed for $429,000 and $479,000.  This equals an average list priece of $454,000 or $190.81  per sq. ft. of living area.  These homes averaged 89 days on the market before going under contract.

There have been four 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 $385,000 which equals $172.03 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 110 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.

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.

HOA fees are a 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 August 2018 Market Report

Whispering Sound Palm City August 2018 Real Estate Market Report

08.24.18 by

Whispering Sound Palm City August 2018 Real Estate Market Report

 There no homes for sale in Whispering Sound in August 2018.

There are three homes currently under contract. The list prices ranged from $220,000 up to $235,000 which works out to an average list price of $227,833 or $136.03 per sq. ft. of living area.  These homes were on the market for an average of 16 days before going under contract.

In the past 12 months, 15 homes have sold in this Whispering Sound. Sales prices ranged from a low price of $183,900 up to a high of $240,000 for an average sales price of $223,493 which equals $140.41 per sq. ft. of living area.  These sales average 97% list to sales price ratio and went under contract in an average of 31 days.

About 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.

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 August 2018 Real Estate Market Report

Harbour Pointe Palm City August 2018 Real Estate Market Report

08.23.18 by

Harbour Pointe Palm City August 2018 Real Estate Market Report

For August 2018 there are 2 homes for sale in Harbour Pointe.  List prices are $385,000 and $420,000 for an average list price of $402,500 or $169.81 per square foot of living area.

There is one Harbour Pointe home currently under contract.  This home was listed for $510,000 which equals $160.38.  This home was on the market for 233 days prior to going under contract.

10 homes have sold in the past 12 months with sales prices from $375,000 up to  $430,000.  The average sales price was $393,500 which works out to $174.15 per square foot of living area.  These homes sold for an average of 97% list price and averaged 43 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

For more information about this and other Martin County communities contact:
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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 August 2018 Real Estate Market Report

 

Palm City FL 34990 Condo Market Report July 2018

08.22.18 by

Palm City FL 34990 Condo Market Report July 2018

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

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

There are currently 78 active condo listings. (Decreased by 8 condos from June)

   Palm City FL 34990 Condo Market Report July 2018

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

Palm City FL 34990 Condo Market Report July 2018

1 Condos Sold in July. (Down by 8 condos from June)

Palm City FL 34990 Condo Market Report July 2018

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For July sales really tanked with only one closed sale.

The current absorption rate for condos in the 34990 zip code area exploded to 78 months (was 7.8 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 July 2017 numbers were: 75 active listings, 9 pending sales, and 2 closed sales.  Even though the activity is very slow for Palm City Condos this month, it’s very similar to what happened last year.
Palm City FL 34990 Condo Market Report July 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

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

Palm City FL 34990 Residential Market Report July 2018

08.21.18 by

Palm City FL 34990 Residential Market Report July 2018

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

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

 There are currently 335 active listings (Increased by 2 homes from June)

Palm City FL 34990 Residential Market Report July 2018

142 Residential sales are pending and awaiting close or lender approval. (Down by 8 homes from last month)

Palm City FL 34990 Residential Market Report July 2018

76 Homes Sold in June (Down by 35 homes from June)

Palm City FL 34990 Residential Market Report July 2018

The Palm City FL, zip code 34990 residential real estate market had a fairly slow month for July with a decrease in pending sales and a large drop in closed sales.  At least the inventory didn’t decline any further.
The monthly absorption rate rose to 4.4 months from 3.0 months in June.  Remaining in a seller’s market for the Palm City zip code 34990 area for residential sales.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The July 2017 numbers were:  398 active listings, 165 pending sales, and 96 closed sales. Considerably weaker activity this year with a reduced inventory of available homes for sale.

Palm City FL 34990 Residential Market Report July 2018

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

 Search here for Palm City Florida Real Estate for Sale:

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

Windstone Palm City August 2018 Market Report

08.18.18 by

Windstone Palm City August 2018 Market Report

As of August 2018:

There is currently 1 home for sale in Windstone in Palm City, FL.  This home is listed for $549,000 which equals $168.40 per sq. ft. of living area.

One home is under contract and awaiting sale at this time.  It was listed for $620,000 or $207.36 per sq. ft. of living area.  This home was on the market for 43 days prior to going under contract.

In the past 12 months, 4 homes have sold in Windstone.  The sales prices ranged from $535,000 up to $650,000.  The average sales price was $606,250 which equals $180.76 per sq. ft. of living area.  These sold listings averaged 50 days on the market before going under contract and sold for 96% of the list price.

About Windstone in Palm City FL:

Windstone real estate in Palm City FL

Formerly known as Rivers End and now re-named to Windstone. Featuring spacious waterfront homes, Windstone Palm City August 2018 Market Report is a safe and peaceful gated community in Palm City that has gorgeous views of Florida nature preserves around nearly every home.

Windstone real estate in Palm City FL

Larger lot sizes of half an acre and more in these newer homes are the rule.  The neighborhood itself is very uncrowded with only 110 existing homes.  Some vacant lots are still available for purchase for those wishing to build their dream home in Windstone Palm City August 2018 Market Report, one of the premier neighborhoods in one of the best cities in Martin County!

Windstone real estate in Palm City FL

Windstone Palm City August 2018 Market Report is within close range to “A” rated school, I-95 and Florida’s Turnpike making this a great place for locals or commuters to call home!

Windstone real estate in Palm City FL

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Windstone Palm City August 2018 Market Report

Danforth in Palm City August 2018 Market Report

08.09.18 by

Danforth in Palm City August 2018 Market Report

As of August 2018:

There are currently 7 active listings for sale in Danforth.  The list prices for these Danforth homes are from $379,000 up to $569,000 for an average list price of $447,286 or $178.17 per sq. ft. of living area.

Only 1 home is currently under contract.  This home was listed for $399,900 which equals $177.65 per sq. ft. of living area.  This home was on the market for 131 days before going under contract.

In the past 12 months, 14 homes have sold in Danforth.  The sales prices ranged from a low of $365,000 up to $482,000.  The average sales price was $427,850 or $170.27 per sq. ft. of living area.  These sold listings averaged 63 days on the market before going under contract and sold at 97% of the list price.

About the Danforth Community in Palm City FL:

Danforth in Palm City Florida

Danforth in Palm City Florida is a wonderful family subdivision with 335 homes of all sizes and shapes with a wonderful family friendly neighborhood feel.  Well located in Palm City off SW Martin Highway and within walking distance of both the Palm City Elementary and Hidden Oaks Middle Schools.  Both of these schools are top rated in the Martin County school system as well as in the State of Florida.

Danforth real estate in Palm City

Many homes are lakefront with beautiful views and a wonderful private feeling, yet this community is within a mile of the new Publix and also close to restaurants and medical facilities.  Easy access to downtown Stuart as well via the new Veteran’s Memorial Bridge from Palm City to Stuart.  Also just a couple of minutes to Florida’s Turnpike for those wishing to either commute or to make a short trip to West Palm Beach or other points just North or South.


Danforth features low HOA fees of $119.00 per month (as of August 2018).  Construction in Danforth was first completed in 1990 with most homes dated from then to the late 1990’s and at least one home completed in 2001.  This planned unit development (PUD) was developed by Danforth Development Inc. and various builders took part in the construction of the homes.  Here is the Danforth Home Owners Association website.  Danforth just added a remote code controlled entry gate system in 2014.

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Palm City Florida Real Estate

Residential Homes, homes and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

Danforth in Palm City August 2018 Market Report

 

Palm City FL 34990 Condo Market Report June 2018

07.24.18 by

Palm City FL 34990 Condo Market Report June 2018

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

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

There are currently 86 active condo listings. (Decreased by 1 condos from May)

   Palm City FL 34990 Condo Market Report June 2018

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

Palm City FL 34990 Condo Market Report June 2018

9 Condos Sold in June. (Unchanged from May)

Palm City FL 34990 Condo Market Report June 2018

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For June there wasn’t much change in activity when compared to last month.  The Palm City condo market is hampered by two equity golf course communities with slow sales in the current environment.

The current absorption rate for condos in the 34990 zip code area inched down to 9.6 months (was 9.7 months in July).  Still in a buyer’s market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The June 2017 numbers were: 75 active listings, 10 pending sales, and 6 closed sales.  This is one of the few segments of the Martin County real estate market with a higher inventory of properties for sale this year when compared to last June.  Sales were slightly higher while pending sales were off this year.
Palm City FL 34990 Condo Market Report June 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

Stuart Florida Real Estate presented by:
Gabe Sanders

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report June 2018

Palm City FL 34990 Residential Market Report June 2018

07.23.18 by

Palm City FL 34990 Residential Market Report June 2018

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

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

 There are currently 333 active listings (Decreased by 7 homes from May)

Palm City FL 34990 Residential Market Report June 2018

150 Residential sales are pending and awaiting close or lender approval. (Down by 26 homes from last month)

Palm City FL 34990 Residential Market Report June 2018

111 Homes Sold in May (Up by 5 homes from May)

Palm City FL 34990 Residential Market Report June 2018

The Palm City FL, zip code 34990 residential real estate market showed a slight increase in closed sales volume and a fairly large drop in pending sales.  We continue to show a need for greater inventory (number of homes available for sale) in Palm City.
The monthly absorption rate inched down to 3.0 months from 3.2 months in May.  Remaining in a strong seller’s market for the Palm City zip code 34990 area for residential sales.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The June 2017 numbers were:  386 active listings, 171 pending sales, and 96 closed sales. There was a slightly better-closed volume for this year with fewer pending sales.  All of this on significantly lower number of available homes for sale.

Palm City FL 34990 Residential Market Report June 2018

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

 Search here for Palm City Florida Real Estate for Sale:

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

 

Palm City FL 34990 Residential Market Report June 2018

Pine Ridge Condos in Palm City July 2018 Market Report

07.20.18 by

Pine Ridge Condos in Palm City July 2018 Market Report

There are 2 condos for sale in Pine Ridge at Martin Downs in Palm City FL for July 2018.  List prices are $97,888 and $119,900 for an average list price of $108,894 which is $98.02 per sq. ft. of living area.

There are also 2 condos under contract.  List prices were $134,900 and $174,900 for an average of $154,900 which works out to $120.28 per sq. ft. of living area.  These condos averaged 22 days on market before going under contract.

In the past 12 months, 23 condos have sold in Pine Ridge.  Sales prices ranged from a low of $87,500 to a high of $165,000 for an average sales price of $137,595 which equals $115.13 per sq. ft. of living area.  These condos sold for an average of 94% of list price and were on the market for an average of 73 days before going under contract.

About the Pine Ridge Condos at Martin Downs:

Pine Ridge Condos at Martin Downs

The Pine Ridge Condos at Martin Downs is a wonderful gated complex in Palm City.  Entrance is through the gates at Matheson Ave on the south side of Martin Downs Blvd, just south of the Monarch Golf Club. Very well located close to Florida’s Turnpike as well as shopping and just a short ride to downtown Stuart and the waterways as well as golf courses that Martin County offers.

Pine Ridge Condos at Martin Downs Pine Ridge Condos at Martin Downs

Pine Ridge was built from 1986 through 1995 and consists of both condos as well as villas.  There are numerous floor plans ranging from 3 bedroom, 2 bath units with 1486 sq. ft. of living area to 2 bedroom, 2 bath of 1111 sq. ft. down to 830 sq. ft. 1 bedroom, 1 bath condos.  Some condos come with a detached garage while the rest have assigned parking along with lots of space for guest parking as well.

Pine Ridge Condos at Martin Downs Pine Ridge Condos at Martin Downs

There are two lakes on the grounds as well as a community swimming pool, tennis courts, and a bocce court. Two small pets are permitted.  And, no trucks or motorcycles are allowed. As of July 2018, the condo association fees ranged from $290 to $390 per month depending on the size and location of the condo.

Pine Ridge Condos at Martin Downs Pine Ridge Condos at Martin Downs

This is a wonderful community welcoming all ages and one of the most affordable options for those wishing to live in Palm City.  Especially desirable for young families who wish to take advantage of Palm City’s ‘A’ rated schools.

Click this link to search for available Pine Ridge Condos for Sale

Pine Ridge Condos in Palm City July 2018 Market Report

Hidden Bay in Palm City FL July 2018 Market Report

07.11.18 by

Hidden Bay in Palm City FL July 2018 Market Report

As of July 2018, there are no homes available for sale in Hidden Bay in Palm City FL.

There are also no homes currently under contract.

In the past 12 months 3 Hidden bay homes have sold.  Sales prices ranged from $550,000 up to $1,150,000 for an average sales price of $786,667 which equals $204.78 per sq. ft. of living area.  These homes sold in an average of 153 days after going under contract.  Sales prices averaged 88% of list price.

About Hidden Bay in Palm City FL:

Hidden Bay in Palm City FL

A very private community in northern Palm City just off Murphy Road with a number of waterfront homes on Bessey Creek.  There are just 30 homes in this community which is not gated and has no HOA fees nor any amenities of a homeowners’ association.

Hidden Bay in Palm City FL Hidden Bay in Palm City FL

The first home recorded in Hidden Bay was built in 1978 with the last one completed in 2013.  There appears to be one remaining vacant lot which is not currently (March 2016) for sale.  There are 11 ocean access waterfront homes as well as 5 non-ocean access waterfront homes with the remaining homes not being waterfront in Hidden Bay.

Hidden Bay in Palm City FL Hidden Bay in Palm City FL

Homes in Hidden Bay range from under 2,000 sq. ft. ranch homes to just under 5,000 sq. ft. two story estate style homes with up to 5 bedrooms and 4 bathrooms.  Children are scheduled to attend Bessey Creek Elementary, Hidden Oaks Middle and Martin County High Schools.

Click here to see if any Hidden Bay Homes are available for sale.

Hidden Bay in Palm City FL July 2018 Market Report

Sunset Trace Palm City June 2018 Market Report

07.06.18 by

Sunset Trace Palm City June 2018 Market Report

As of June 2018, there are 9 homes for sale in Sunset Trace.  These homes have list prices from $145,500 up to $184,900 for an average list price of $169,889 or $132.95 per square foot of living area.

There are 10 homes under contract and awaiting settlement.  The list prices ranged from $144,900 up to $179,900 for an average list price of $159,750 which equals $121.81 per sq. ft. of living area.  These homes were on the market for an average of 30 days prior to going under contract.

In the past 12 months, 41 homes have sold in Sunset Trace.  Sales prices ranged from a low of $125,000 up to $215,000 for an average sales price of $157,222 which equals $120.78 per sq. ft. of living area.  These homes sold for an average of 96% of their final list price and went under contract in an average of 39 days of being on the market.

 About Sunset Trace in Palm City FL:

Just across the street from the Martin Downs Golf Club lies the gated community of Sunset Trace in Palm City, FL.  Conveniently located close to Florida’s Turnpike as well as shopping, restaurants and medical facilities.  And only a 15-minute ride to the pristine waters of the Atlantic Ocean and the numerous waterways and boating facilities available in Martin County, FL.

Sunset Trace is a DiVosta community of approximately 500 residences.  There are four types of homes in this community:   DiVosta quad townhomes which feature 2 Bedrooms and 2 and ½ bathrooms with 1,236 sq. ft. of living area; Stamford models, also four townhomes to a building featuring 2 Bedrooms and 2 and ½ bathrooms with 1,1374 sq. ft. of living area; Wellesley models have 3 Bedrooms and 2 Bathrooms in 1,295 sq. ft. and finally, the Villas in Sunset Trace offer attached single family homes with 3 Bedrooms, 2 and ½ baths and a one car garage in 1346 square feet of living area.

Sunset Trace was developed and built from 1984 to 1988.  It features two community pools, three tennis courts, outdoor racquet and/or handball courts and a full-size basketball court.  There’s a playground for the little ones as well.  This is a lushly landscaped community with a number of lakes and ponds on the grounds making for some great water views.

All ages are welcome in Sunset Trace and children attend Citrus Grove Elementary School, Hidden Oaks Middle School, and Martin County High School.  The HOA fees run $305 per month, but include exterior and hurricane insurance, basic cable TV, Lawn and Landscaping, pest control and security.  Making life in Sunset Trace easy and carefree.

Search here for:

Sunset Trace Villas and Townhomes for Sale

Sunset Trace Palm City June 2018 Market Report

Palm City Farms June 2018 Market Report

07.05.18 by

Palm City Farms June 2018 Market Report

There are currently 48 homes on the market in Palm City Farms.  Listing prices range from $59,900 up to $3,950,000.  The average list price works out to $708,485 (median $550,000) which is a per square ft. of living area price of $251.57 (median $201.89).

There are currently 15 homes under contract awaiting settlement.  Listing prices ranged from $74,900 up to $1,999,888 for an average of $395,979 which equals $224.12 per sq. ft. of living area.  These homes averaged 144 days on the market prior to going under contract.

In the past 12 months, 88 homes have sold in Palm City Farms with sales prices ranging from $87.00 up to $2,300,000 for an average sales price of $370,074 or $166.61 per sq. ft. of living area. These sales averaged for 93% of the last listed price and were under contract in an average of 116 days after being listed.

About Palm City Farms:

 
Homes and Land for Sale in Palm City Farms

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.

Homes and Land in Palm City Farms


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.

Homes and Land for Sale in Palm City, Farms

For additional information about Palm City Farms please contact us.

Search the Martin County MLS
Search for all Palm City farms, Florida Homes and Land for Sale

Palm City Farms June 2018 Market Report

Palm City FL 34990 Condo Market Report May 2018

06.26.18 by

Palm City FL 34990 Condo Market Report May 2018

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

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

There are currently 87 active condo listings. (Decreased by 1 condos from April)

   Palm City FL 34990 Condo Market Report May 2018

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

Palm City FL 34990 Condo Market Report May 2018

9 Condos Sold in May. (Up by 2 condos from April)

Palm City FL 34990 Condo Market Report May 2018

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For May there was an improvement closed sales while pending sales were down by 4 condos.  The Palm City condo market is hampered by two equity golf course communities with slow sales in the current environment.

The current absorption rate for condos in the 34990 zip code area dropped to 9.7 months (was 12.6 months in July).  Still in a buyer’s market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The May 2017 numbers were: 76 active listings, 11 pending sales, and 4 closed sales.  There was better sales activity for this year.  The Palm City condo marketis one of the few areas in Martin County with a larger inventory this year than last.
Palm City FL 34990 Condo Market Report May 2018
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Stuart Florida Real Estate presented by:
Gabe Sanders

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report May 2018