The Evergreen Club March 2019 Market Report

There are 6 homes on the market in the Evergreen Club in March 2019. List prices range from $409,000 up to $549,000. This is an average list price of $489,500 or $187.84 per sq. ft. of living space.

There are 6 homes under contract at this time. These homes were listed from $355,000 up to $595,000. This is an average list price of $456,100 which works out to $156.33 per sq. ft. of living area. These homes went under contract in an average of only 113 days after being listed.

In the past 12 months, 27 homes have sold in the Evergreen Club. Sales prices ranged from $305,000 up to $537,500. This works out to an average sales price of $425,404 which equals $164.16 per sq. ft. of living area. These homes sold for an average of 96% of list price with an average of 47 days on market.

About the Evergreen Club Palm City Florida:

The Evergreen Club Palm City Florida

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Nestled in a secluded corner of Palm City, The Evergreen Club is an elegant gated community that it’s residents love to call home. The community is close to it all; ‘A’ rated schools, boat ramps, theatres, fantastic local restaurants, shopping, and beautiful beaches!

Evergreen Club Real Estate in Palm City Florida

The Evergreen Club is known for its 18-hole championship golf course that does not require an expensive membership to play. Every home is unique and will be sure to have something special about it that will charm you. Located on a beautiful 520 acre parcel, each of the 299 homes feature at least one acre of land for a spacious non crowded feeling! Enjoy all the beautiful Florida sights that The Evergreen Club has to offer, you may find yourself rarely wanting to leave home! Golf club membership is not mandatory but if you are a member of The Evergreen Club you will enjoy full golf privileges, dining privileges and fun social events. There are no dining minimums, no assessments or large down payments.

The Evergreen Club Palm City Florida

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The Evergreen Club

Evergreen Club Real Estate in Palm City Florida

The Evergreen Club March 2019 Market Report

Martin County Single Family Homes 2018 4’th Quarter Report

03.07.19 by Gabe Sanders

Martin County Single Family Homes 2018 4’th Quarter Report

Click the image below to view the full details of the Martin County single-family homes market report data as reported by Martin County Realtor for the 4’th Quarter 2018.

The Martin County single family home market showed slower sales volume when compared to the last quarter of 2017. Prices, on the other hand, continued to go up at a fairly rapid pace. Though, it remains an active market.

To view the full report, click the image above or this link.

View the entire set of data at GabeSanders.com

Martin County Single Family Homes 2018 4’th Quarter Report

Renar River Place Condos March 2019 Market Report

03.07.19 by Gabe Sanders

Renar River Place Condos March 2019 Market Report

For March 2019 there are 4 condos for sale in Renar River Place in downtown Jensen Beach FL. Lis prices range from $249,900 to $325,000. This is an average list price of $288,450 or $184.95 per sq. ft. of living area.

There is one condo currently under contract. The list price was $249,900 or $146.91 per sq. ft. of living area. This condo was on the market for 112 days prior to going under contract.

In the past 12 months, only 1 condo has sold in Renar River Place. The sales price was $360,000 or $181.00 per sq. ft. of living area. This condo was on the market for 144 days before going under contract and sold for 96% of list price.

About Renar River Place in Downtown Jensen Beach:

One of the few newer condo communities in Martin County. Renar River Place boasts spacious condos overlooking the Intracoastal Water Way (Indian River) right at the base of the Jensen Beach round about and causeway to Hutchinson Island. There are also some townhouse style condos associated with this complex along with a limited amount of commercial space, making this the perfect work and live destination.

Renar River Place is in a great location within an easy walk to all of the quaint shops and restaurants of Jensen Beach. HOA fees vary by the size of the condo and location, so please call us for the latest cost. This community is open to all ages and pets are also welcomed. For those wishing to use this location as an investment, liberal rental rules will allow some excellent returns.

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Renar River Place Condos March 2019 Market Report

Florida Townhouses and Condos 2018 4’th Quarter Report

03.06.19 by Gabe Sanders

Florida Townhouses and Condos 2018 4’th Quarter Report

Click the image below to view the full details of the Florida townhouses and condos market report data as reported by Florida Realtor for the 4’th Quarter 2018.

Sales numbers continue to improve year to year for the last quarter of 2018 but pending sales were down. Prices continued to rise but at a reduced rate from past quarters.

To view the full report, click on the image above or this link.

View the entire set of data at GabeSanders.com

Florida Townhouses and Condos 2018 4’th Quarter Report

Four Rivers March 2019 Palm City Real Estate Market Report

03.06.19 by Gabe Sanders

Four Rivers March 2019 Palm City Real Estate Market Report

For March 2019, there are 6 homes for sale in Four Rivers in Palm City FL ranging in price from $870,000 up to $1,599,000 for an average list price of $1,132,333 or $321.27 per sq. ft. of living area.

There are no homes currently under contract.

4 homes have sold in the past 12 months in Four Rivers, with the sales prices ranging from $600,000 up to $1,790,000 for an average sales price of $1,110,000 which is $245.44 per sq. ft. of living area. These homes averaged 139 days on the market before going under contract and the sales were for an average at 94% of the list price.

About Four Rivers in Palm City FL:

Four Rivers Waterfront Community in Palm City FL.

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.

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.

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.

Four Rivers Waterfront Community in Palm City FL.

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Four Rivers March 2019 Palm City Real Estate Market Report

Florida Single Family Homes 2018 4’th Quarter Report

03.05.19 by Gabe Sanders

Florida Single Family Homes 2018 4’th Quarter Report

Click the image below to view the full details of the Florida single family home market report data as reported by Florida Realtor for the 4’th Quarter 2018.

The third quarter for 2018 showed mostly positive activity when compared to last year, but at a slower rate of sales for the Florida single family home market. And, prices continue to rise, though at a more moderate pace.

To view, the full report click the image above or this link.

View the entire set of data at GabeSanders.com market data page.

Florida Single Family Homes 2018 4’th Quarter Report

Cedar Pointe March 2019 Market Report

03.05.19 by Gabe Sanders

Cedar Pointe March 2019 Market Report

As of March 2019, there are 12 available condos in the Cedar Pointe community in Stuart FL. List prices range from $57,000 up to $149,900 which averages to $105,568 or $118.35 per sq. ft. of living area.

Currently, 5 condos are under contract. They were listed for prices from $65,000 up to $117,500 for an average list price of $87,260 or $109.69 per sq. ft. of living area. These condos were on the market for an average of 82 days prior to going under contract.

In the past 12 months, 31 Cedar Pointe condos have sold. Sales prices ranged from $42,000 up to $120,000 for an average sales price of $85,479 which equals $91.76 per sq. ft. of living area. These condos sold for an average of 96% of list price and averaged 67 days on the market prior to going under contract.

About the Cedar Pointe Condominiums in Stuart Florida

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An active adult community of 62, 2 story buildings divided into 8 villages with numerous clubhouses and pools as well as recreational areas. One of the prime locations in the city of Stuart only minutes away from the pristine beaches of the Atlantic Ocean and close to shopping, restaurants and medical facilities.

This 55+ community is the jewel of the Stuart area condominiums because of its location and reasonable condo fees. Cedar Pointe does not allow dogs. One indoor cat is permitted in Villages 1 through 5. There are currently four separate management associations in Cedar Pointe. Villages 1 through 5, Village 6, Village 7 and Village 8 are each managed separately have their own set of rules and regulations.

Condominium units consist of 1 bedroom 1 and 1/2 bathroom units and 2 bedroom, 2 bath units. Each condo has one assigned parking spot along with numerous guests spots throughout the complex. Laundry facilities are available in each building and on each floor. Many social activities are available to residents as this is an active senior community.

Currently a very affordable complex for those looking for a full-time Stuart, Florida home or just a winter getaway.

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Cedar Pointe March 2019 Market Report

de la Bahia Waterfront Condos March 2019 Market Report

03.03.19 by Gabe Sanders

de la Bahia Waterfront Condos March 2019 Market Report

For March 2019 there are 10 condos available for sale in de la Bahia. These condos range in price from $106,500 up to $199,900. This is an average list price of $152,040 which equals $178.00 per sq. ft. of living area.

There is 1 condo currently under contract. The list price was $119,900 or $175.04 per sq. ft. of living area. This condo was on the market for 11 days prior to going under contract.

In the last 12 months, 16 condos have sold. Sales prices ranged from $95,000 up to $201,300. The average sales price was $131,331 which works out to $152.14 per sq. ft. of living area. These condos sold for an average of 93% of list price and went under contract in an average of 70 days on market.

About the de la Bahia Waterfront Condos:

The de la Bahia condo complex is located on Kanner Hwy just west of Monterey Road in Stuart which is in Martin County, Florida. This waterfront 55+ boating community lies on the shore of the south fork of the Saint Lucie River which also becomes the Okeechobee Waterway as it goes west.

The condos consist of 1 bedroom 1 and 1/2 bath, 2 bedroom 1 and 1/2 bath and 2 bedroom 2 bath condos. Condo fees run from $223 to $340 per month depending on the size of the condo. These fees include Cable, Common Areas, Grounds / Plants, Insurance-Bldg, Lawn Care, Maintenance Exterior, Reserve Funds, Roof Maintenance, Sewer, Trash Removal and Water.

This prime location is approximately 40 minutes North of West Palm Beach, and 100 miles north of Miami. Very conveniently located near many restaurants, stores, and medical facilities.

The de la Bahia condominium complex is made up of 303 attractive and desirable residences. 231 docks, a pool, a clubhouse, shuffleboard courts, and a yacht club for the residents. The very desirable marina is for the use of residents only and most condos have a deeded dock. Rental charges for the use of docks are not allowed, so there won’t be any additional charges for those wishing to use another owner’s dock.

There’s a very active winter season, which normally includes two dinner dances a month, golf and bowling leagues, bingo, euchre, bridge, exercise class, knitting & stitching. The pool is heated and is a great place to meet people, swim, sunbathe, or even join in playing a board game of your choice. And the library has a good selection of books to read if you prefer to enjoy a quiet peaceful afternoon.

The Yacht Club has monthly meetings with a guest speaker, raft-ups, picnics, luncheon cruises, gambling cruises, and two socials. In the past few years the association has sponsored a 3 to 5 day cruise in January. Membership is open to de la Bahia renters and owners only, boat ownership is not required and dues are very reasonable.

Click here to see the available condos for sale in de la Bahia

de la Bahia Waterfront Condos March 2019 Market Report

Hobe Sound FL 33455 Condo Market Report January 2019

02.26.19 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report January 2019

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for January 2019

For January 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There is currently only 1 active condo listing. (Unchanged from December)

3 Condos are pending and awaiting close. (Down by 1 condo from December)

4 Condos sold in January. (Down by 1 condo from December)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. The inventory of available condos has once again reached very small levels and this will impact future condo market activity in Hobe Sound. Yet, even with such little inventory, these condos are selling well.

The absorption rate for Hobe Sound condos was 0.3 months for January as compared to 0.2 months in December). Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes in percentages that do not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The January 2018 numbers were: 12 active listings, 5 pending sales, and 4 closed sales. Slightly better activity last year, but there was at least a few more condos available for sale.

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Hobe Sound FL 33455 Condo Market Report January 2019

Heritage Ridge Market Report for February 2019

02.26.19 by Gabe Sanders

Heritage Ridge Market Report for February 2019

As of February 2019, there are 29 active properties for sale in Heritage Ridge in Hobe Sound, FL. List prices range from $79,000 up to $289,000. This is an average list price of $152,855 which equals $119.17 per sq. ft. of living area.

There are 8 homes under contract. These were listed with prices from $72,000 up to $169,900. This works out to an average list price of $134,938 or $106.43 per sq. ft. of living area. The average days on the market before they went under contract was 66.

In the past 12 months, there have been 114 sales in Heritage Ridge. Sales prices ranged from $45,000 up to $292,500. This equals an average sales price of $113,654 which works out to $97.50 per sq. ft. of living area. These homes were on the market for an average of 48 days before going under contract and sold for an average of 95% of list price.

About Heritage Ridge in Hobe Sound:

The Heritage Ridge community of Hobe Sound encompasses a number of associations and styles of homes. From mobile and manufactured homes to villas, townhouses, condos, and single family homes. The different sections of Heritage Ridge are all anchored by the Heritage Ridge Golf Club. This is a non-equity course that is open to the public.

The various areas of Heritage Ridge are all controlled by their individual homeowners’ associations and many also pay a fee to the master Heritage Ridge Association. This wonderful community is located in northern Hobe Sound with quick access to either the beach at Jupiter Island (in Hobe Sound) or to the downtown area of Stuart as well as the amenities in both the Martin County and Jupiter areas of the Treasure Coast.

Some of the sections of Heritage Ridge include Amherst, Brandywine, Bunker Hill, Cambridge, Franklin Wood, Georgetown, Jamestown, Jefferson Corners, Tory Pines, Williamsburg, and Yorktown.

HOA fees vary widely in Heritage Ridge depending on the type of home and subdivision within this community. The HOA fees run from $78.00 a month in the mobile home and single family home sections up to $350.00 a month for the condo areas and in between for some of the other communities.

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Heritage Ridge Market Report for February 2019

Hobe Sound FL 33455 Residential Market Report January 2019

02.25.19 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report January 2019

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for January 2019

For January 2019 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 246 active listings. (Up by 28 homes from December)

63 Residential sales are pending and awaiting close (Up by 13 homes from December)

26 Homes Sold in January (Down by 13 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 showed a drop in closed sales and an increase in pending sales on greater inventory. This segment of the Martin County residential real estate could use some improvement.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 9.5 months (It was 5.6 months in December). Returning into a buyer’s market for Hobe Sound residential real estate after one month as a seller’s market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for January 2018 were: 193 active listings, 74 pending sales, and 37 closed sales. Much better activity last year even though there was less inventory of Hobe Sound homes for sale.

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Hobe Sound FL 33455 Residential Market Report January 2019

Holly Creek February 2019 Market Report

02.25.19 by Gabe Sanders

Holly Creek February 2019 Market Report

There are 4 homes for sale in Holly Creek in Jensen Beach FL at this time. These homes are listed from $195,000 up to $259,000. This is an average list price of $220,500 or $157.69 per sq. ft. of living area.

There is no homes currently under contract in Holly Creek.

In the past 12 months, 13 homes and townhomes have sold in Holly Creek. Sales prices ranged from $165,000 up to $250,000. This works out to an average sale price of $203,723 which is $136.47 per sq. ft. of living area. These homes averaged 78 days on the market before going under contract and sold for an average of 96% of the listed price.

About Holly Creek in Jensen Beach FL:

This is one of the hidden jewels in Martin County and Jensen Beach. Holly Creek is a small and affordable subdivision located off of Jensen Beach Blvd. Just 2 miles from the Indian River (Intracoastal Waterway) and across the Jensen Beach Causeway to access the pristine waters and beaches of the Atlantic Ocean. Only two miles to the Treasure Coast Mall and surrounding areas for shopping, and just a short bike ride from schools, restaurants, parks and downtown Jensen Beach; Holly Creek is one of the best locations on the Treasure Coast Low fees include professional landscaping.

Holly Creek in Jensen Beach Florida

A large heated pool and two professional tennis courts adjoin the spacious clubhouse that has party and banquet facilities available for residents to use.

Holly Creek in Jensen Beach Florida

Numerous small lakes and lush landscaping make Holly Creek a desirable place to call home or a possible vacation retreat from those cold northern winters.

Holly Creek features 2 bedroom townhomes, 3 bedroom villas, 3 bedroom chalet homes all with a single car garage and additional parking. There are also a limited number of estate homes in the rear of Holly Creek which have 2 car garages, larger floor plans, and individual designs.

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the Gabe Sanders real estate team Jensen Beach Florida Real Estate

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

Holly Creek February 2019 Market Report

Jensen Beach FL 34957 Condo Market Report January 2019

02.22.19 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report January 2019

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for January 2019

For January 2019 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County):

There are currently 120 active listings. (Increased by 10 condos from December)

25 Condo sales are pending and awaiting settlement. (Up by 7 condos from December)

18 Condos Sold (Up by 6 condos from December)

The Jensen Beach FL 34957 Condo Market Report continues with an increased inventory of available condos for sale. Both closed and pending sales rose incrementally when compared to last month.

The one-month absorption rate for the January 2019, Jensen Beach Florida Market Report ZIP Code 34957 dropped to 6.7 months (from 9.2 months in December), back into a balanced market after one month in a buyer’s market. A balanced market is considered to be a 6 to 7-month absorption rate favoring neither the buyer or seller.

The January 2018 numbers were: 119 active listings, 47 pending sales, and 15 condos closed. There was a much stronger number of pending sales last year while inventory and closed sales are very similar.

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Jensen Beach FL 34957 Condo Market Report January 2019

Windstone Palm City February 2019 Market Report

02.22.19 by Gabe Sanders

Windstone Palm City February 2019 Market Report

As of February 2019:

There are currently 3 homes for sale in Windstone in Palm City, FL. The list prices for these homes range from $539,900 up to $1,495,000. This is an average list price of $934,633 which works out to $181.51 per sq. ft. of living area.

One home is under contract and awaiting sale at this time. It was listed for $614,900 or $219.61 per sq. ft. of living area. This home was on the market for 16 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 $625,000. The average sales price was $591,225 which equals $199.08 per sq. ft. of living area. These sales averaged 56 days on the market before going under contract and sold for 98% 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 February 2019 Market Report is a safe and peaceful gated community in Palm City that has gorgeous views of Florida nature preserves around nearly every home.

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 February 2019 Market Report, one of the premier neighborhoods in one of the best cities in Martin County!

Windstone Palm City February 2019 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!

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Windstone Palm City February 2019 Market Report

Jensen Beach FL 34957 Residential Market Report January 2019

02.21.19 by Gabe Sanders

Jensen Beach FL 34957 Residential Market Report January 2019

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for January 2019

For January 2019 in the 34957 Zip Code area of Jensen Beach, Florida:

There are currently 221 active listings. (Up by 34 home from last month)

54 Residential sales are pending and awaiting close or lender approval. (Increased by 10 homes from December)

26 Homes Sold (Decreased by 9 homes from December)

The Jensen Beach FL 34957 Residential Market showed greater inventory for the first month of the year and an increase in pending sales. Closed sales were down.

The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 rose to 8.5 months ( was 5.3 months in December). Into a buyer’s market for Jensen Beach homes, though not expected to remain there. A 6 to 7-month absorption rate is considered to be a balanced market favoring neither the seller or buyer.

The January 2018 numbers were: 193 active listings, 69 pending sales, and 24 home sales closed. Similar sales volume to last year but not as many pending sales. And all of this with a greater inventory for this year as compared to 2018.

Jensen Beach FL 34957 Residential Market Report January 2019

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Residential Properties

- - Residential Properties for Sale in Jensen-Beach, Florida Between $0 – $500,000
- - Residential Properties for Sale in Jensen-Beach, Florida Between $500,000 – $1,000,000
- - Residential Properties for Sale in Jensen-Beach, Florida Between $1,000,000 – $1,500,000
- Residential Properties for Sale in Jensen-Beach, Florida Between $2,000,000 – $2,500,000

Land Properties

- - Land Properties for Sale in Jensen-Beach, Florida Between $0 – $500,000
- - Land Properties for Sale in Jensen-Beach, Florida Between $500,000 – $1,000,000
- Land Properties for Sale in Jensen-Beach, Florida Between $1,000,000 – $1,500,000

Rental Properties

- Rental Properties for Rent in Jensen-Beach, Florida Between $0 – $500,000

Commercial Properties

- Commercial Properties for Sale in Jensen-Beach, Florida Between $0 – $500,000

Residential Income Properties

Residential Income Properties for Sale in Jensen-Beach, Florida Between $0 – $500,000

Jensen Beach Florida Real Estate presented by:
the Gabe Sanders real estate team

Jensen Beach FL 34957 Residential Market Report January 2019

Lakeside Condos Indian River Plantation February 2019 Market Report

02.21.19 by Gabe Sanders

Lakeside Condos Indian River Plantation February 2019 Market Report

For February 2019, there are 3 active listings for sale in the Lakeside Condos in Indian River Plantation on Hutchinson Island. The listing prices for these condos ranged from $226,500 up to $230,000. This is an average list price of $228,500 which works out to $261.74 per sq. ft. of living area.

There is 1 condo currently under contract. The list price of this condo was $234,000 or $268.04 per sq. ft. of living area. This condo was on the market for 655 days before going under contract.

In the past 12 months, 4 Lakeside Condos have sold with sales prices ranging from $175,900 up to $380,000. This works out to an average sales price of $241,475 which is $229.61 per sq. ft. of living area. These condos sold for an average of 95% of the list price and in an average of 177 days on market (before going under contract).

About the Lakeside Condos in Indian River Plantation:

For those looking to live in a resort setting with the beaches of the Atlantic Ocean close by as well as a full-service Marina, golf course, restaurants and fitness facilities without paying the premium price of most resorts, then the Lakeside Condos of Indian River Plantation might just be the place for you.

These Lakeside Condos are condos located just off the golf course and surrounded by the Atlantic Ocean to the east and the Indian River (Intracoastal) to the west. Situated on a private peninsula in the middle of the Marriott Resort Complex at Indian River Plantation. There are 74 units built in 1980. Sizes range from 1 bedroom, 1 bath units of 596 sq. ft. up to 2 bedroom, 3 bath units with 1323 sq. ft. of living area. This is a pet-friendly complex that will allow up to two large pets. At the time of this writing, the condo association fees were $375.00 a month.

The Lakeside Condos at Indian River Plantation are in an excellent location, just a short walk to the beach and there’s a courtesy tram that is available to take residents and guests around the sprawling facilities of the Marriott resort at Indian River Plantation. Just a short drive to the grocery store, historic downtown Stuart and the many, many amenities that Martin County FL has to offer.

Additional Indian River Plantation Condos you may wish to consider:
Bayview – Beachwalk – Dunes Club – Fairway Villas – Inlet Village – Ocean House – Ocean Terrace – Plantation Club Villas – Plantation House – Resort Villas – River Village – Riverbend – Riverwood – Tennis Villas

Lakeside Condos Indian River Plantation February 2019 Market Report

Palm City FL 34990 Condo Market Report January 2019

02.20.19 by Gabe Sanders

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)

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

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

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

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Palm City Florida Real Estate presented by:
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Palm City FL 34990 Condo Market Report January 2019

Palm City FL 34990 Residential Market Report January 2019

02.19.19 by Gabe Sanders

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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