Palm City FL 34990 Condo Market Report March 2019

Palm City FL 34990 Condo Market Report March 2019

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for March 2019

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

There are currently 85 active condo listings. (Decreased by 5 condos from February)

Palm City FL 34990 Condo Market Report March 2019 

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

Palm City FL 34990 Condo Market Report March 2019

11 Condos Sold in March. (Up by 7 condos from February)

Palm City FL 34990 Condo Market Report March 2019

The Palm City FL 34990 condo real estate market remains a fairly small segment of the Martin County condo market.  The sales activity in this market is challenging because of two condo communities with high equity and association fees that are currently not in favor with the general public.  Though, those who love golf, there are some incredible bargains in these communities.  March showed a nice rise in activity for these communities.

The current absorption rate for condos in the 34990 zip is 7.7 months (was 22.5 months in February).  Still a buyer’s market for Palm City condominiums but much better than the last few months.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The March 2018 numbers were: 96 active listings, 12 pending sales, and 9 closed sales.  Better sales and pending activity this year on lower inventory.
Palm City FL 34990 Condo Market Report March 2019
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

Search here for condos for sale in the 34990 zip code area of Palm City FL

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

Palm City FL 34990 Condo Market Report March 2019

Palm City FL 34990 Residential Market Report March 2019

Palm City FL 34990 Residential Market Report March 2019

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

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

 There are currently 386 active listings (Down by 16 homes from February)

Palm City FL 34990 Residential Market Report March 2019

150 Residential sales are pending (Up by 3 homes from last month)

Palm City FL 34990 Residential Market Report March 2019

87 Homes Sold in September (Up by 25 homes from February)

Palm City FL 34990 Residential Market Report March 2019

The Palm City FL, zip code 34990 residential real estate market rebounded with very strong increases in sales and pending sales compared to the last two months.
The monthly absorption rate plunged to 4.4 months from 7.7 months in February.  Back into a strong seller’s market for the Palm City zip code 34990 area.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The March 2018 numbers were:  391 active listings, 171 pending sales, and 81 closed sales.  Slightly greater closed sales this year and slightly less pending sales on similar inventory numbers.

Palm City FL 34990 Residential Market Report March 2019

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 homes for sale in the 34990 zip code area of Palm City FL

Search here for vacant land for sale in the 34994 zip code area of Palm City FL

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

Palm City FL 34990 Residential Market Report March 2019

Palm City FL 34990 Condo Market Report February 2019

Palm City FL 34990 Condo Market Report February 2019

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for February 2019

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

There are currently 90 active condo listings. (Decreased by 14 condos from January)

Palm City FL 34990 Condo Market Report February 2019

19 Condo sales are pending and awaiting close or lender approval. (Up by 12 condos from last month)

Palm City FL 34990 Condo Market Report February 2019

4 Condos Sold in February. (Unchanged from January)

Palm City FL 34990 Condo Market Report February 2019

The Palm City FL 34990 condo real estate market remains a fairly small segment of the Martin County condo market.  The sales activity in this market is challenging because of two condo communities with high equity and association fees that are currently not in favor with the general public.  Though, those who love golf, there are some incredible bargains in these communities.

The current absorption rate for condos in the 34990 zip is 22.5 months (was 26 months in January).  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 February 2018 numbers were: 103 active listings, 10 pending sales, and 4 closed sales.  The same number of sales while a big increase in pending sale for this year on a reduced inventory.
Palm City FL 34990 Condo Market Report February 2019
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 February 2019

Palm City FL 34990 Residential Market Report February 2019

Palm City FL 34990 Residential Market Report February 2019

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

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

 There are currently 402 active listings (Up by 11 homes from January)

Palm City FL 34990 Residential Market Report February 2019

147 Residential sales are pending (Up by 26 homes from last month)

Palm City FL 34990 Residential Market Report February 2019

52 Homes Sold in September (Ip by 5 homes from January)

Palm City FL 34990 Residential Market Report February 2019

The Palm City FL, zip code 34990 residential real estate market showed strong results for February with solid increases in both pending and closed sales.
The monthly absorption rate decreased to 7.7 months from 8.3 months in January.  Remaining in a buyer’s market for the Palm City zip code 34990 area for residential sales but drifting towards a balanced market.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The February 2018 numbers were:  415 active listings, 144 pending sales, and 55 closed sales.  Very similar activity and inventory as last year.

Palm City FL 34990 Residential Market Report February 2019

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 February 2019

Palm City FL 34990 Condo Market Report January 2019

Palm City FL 34990 Condo Market Report January 2019

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

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

There are currently 104 active condo listings. (Increased by 7 condos from December)

  Palm City FL 34990 Condo Market Report January 2019

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

Palm City FL 34990 Condo Market Report January 2019

4 Condos Sold in January. (Up by 4 condos from December)

Palm City FL 34990 Condo Market Report January 2019

The Palm City FL 34990 condo real estate market remains a fairly small segment of the Martin County condo market.  The sales activity in this market is challenging because of two condo communities with high equity and association fees that are currently not in favor with the general public.  Though, those who love golf, there are some incredible bargains in these communities.

The current absorption rate for condos in the 34990 zip is 26 months (was 44.5 months in January).  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 January 2017 numbers were: 102 active listings, 9 pending sales, and 15 closed sales.  Considerably better activity last January.
Palm City FL 34990 Condo Market Report January 2019
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 January 2019