Palm City Farms December 2015 Market Update

There are currently 70 homes on the market in Palm City Farms.  Listing prices range from $60,000 to $4,900,000.  The average listing price comes out to $619,986 (median $527,400) which is a per square ft. of living area price of $225.11 (median $178.11).

There are currently 22 homes under contract awaiting settlement.  Listing prices ranged from $40,000 to $1,750,000, for an average of $516,799 which equals $160.00 per sq. ft. of living area.  These homes averaged 121 days on the market prior to accepting the current offers.

In the past 12 months, 82 homes have sold in Palm City Farms with sales prices ranging from $20,000 to $813,000 for an average sales price of $327,983 or $135.08 per sq. ft. of living area. These sales averaged for 96% of the last listed price and were under contract in an average of 91 days after being listed.

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.

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.

For additional information about Palm City Farms please contact us.

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Palm City Farms December 2015 Market Update