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.