Palm City FL 34990 Condo Market Report April 2018

Palm City FL 34990 Condo Market Report April 2018

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

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

There are currently 88 active condo listings. (Decreased by 8 condos from March)

   Palm City FL 34990 Condo Market Report April 2018

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

Palm City FL 34990 Condo Market Report April 2018

7 Condos Sold in April. (Down by 2 condos from March)

Palm City FL 34990 Condo Market Report April 2018

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For April there was an improvement pending sales while closed sales were down by 2 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 climbed to 12.6 months (was 10.7 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 April 2017 numbers were: 86 active listings, 9 pending sales, and 8 closed sales.  Very similar activity as compared to last year with the exception of considerably better pending activity this year.
Palm City FL 34990 Condo Market Report April 2018
Are you interested in the value of your Palm City FL Condo?
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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 April 2018

Palm City FL 34990 Residential Market Report April 2018

Palm City FL 34990 Residential Market Report April 2018

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

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

 There are currently 364 active listings (Decreased by 27 homes from March)

Palm City FL 34990 Residential Market Report April 2018

193 Residential sales are pending and awaiting close or lender approval. (Up by 22 homes from last month)

Palm City FL 34990 Residential Market Report April 2018

64 Homes Sold in March (Down by 17 homes from March)

Palm City FL 34990 Residential Market Report April 2018

The Palm City FL, zip code 34990 residential real estate market is going to have an issue maintaining good momentum if the inventory continues to drop as it has the past few months.  Pending sales remain very strong even as closed sales were off from last month.
The monthly absorption rate rose to 5.7 months from 4.8 months in March.  Still a slight seller’s market for the Palm City zip code 34990 area for residential sales, though trending back 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 April 2017 numbers were:  403 active listings, 191 pending sales, and 80 closed sales.  Somewhat slower closed sales this year, but this is with a greatly reduced number of homes available for sale (inventory).

Palm City FL 34990 Residential Market Report April 2018

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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 April 2018

Palm City FL 34990 Condo Market Report March 2018

Palm City FL 34990 Condo Market Report March 2018

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

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

There are currently 96 active condo listings. (Decreased by 7 condos from February)

   Palm City FL 34990 Condo Market Report March 2018

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

Palm City FL 34990 Condo Market Report March 2018

9 Condos Sold in March. (Up by 5 condos from February)

Palm City FL 34990 Condo Market Report March 2018

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For March there was improvement for both closed and pending sales.  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 dipped to 10.7 months (was 25.8 months in July).  Still in a buyers’ market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The March 2017 numbers were: 95 active listings, 10 pending sales, and 4 closed sales.  Slightly better activity last year even on a reduced number of condos available for sale (inventory).
Palm City FL 34990 Condo Market Report March 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 March 2018

Palm City FL 34990 Residential Market Report March 2018

Palm City FL 34990 Residential Market Report March 2018

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

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

 There are currently 391 active listings (Decreased by 24 homes from February)

Palm City FL 34990 Residential Market Report March 2018

171 Residential sales are pending and awaiting close or lender approval. (Up by 27 homes from last month)

Palm City FL 34990 Residential Market Report March 2018

81 Homes Sold in February (Up by 26 homes from February)

Palm City FL 34990 Residential Market Report March 2018

The Palm City FL, zip code 34990 residential real estate market eboundedbig time for March with increased pending and closed sales.
The monthly absorption rate dropped to 4.8 months from 7.5 months in February.  Returning to a seller’s market for the Palm City zip code 34990 area for residential sales, though trending back 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 March 2017 numbers were:  449 active listings, 165 pending sales, and 81 closed sales.  Very similar activity when compared to last March but with a smaller number of available homes for sale.

Palm City FL 34990 Residential Market Report March 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 March 2018

Hammock Creek March 2018 Market Report

Hammock Creek March 2018 Market Report

There are currently 7 homes actively listed in Hammock Creek in Palm City, Florida.  Prices range from $499,900 to $629,900.  The average list price works out to $557,386 which is $170.23 per square foot of living area.

There are 5 homes currently under contract awaiting closing.  The list prices range from $395,000 to $595,000 for an average list price is $472,200 which is equal to $177.80 per square foot of living area.  These homes averaged 51 days from list date to being under contract.

In the past 12 months, 34 homes have sold in Hammock Creek.  Sales prices ranged from $345,000 to $625,000 with an average sales price of $484,103 which works out to $159.25 per square foot of living area.  These homes went under contract in an average of 67 days and sold for an average of 96% of list price.

About Hammock Creek in Palm City FL:

Hammock Creek in Palm City FL

Hammock Creek is a lovely gated upscale neighborhood consisting of three separate sections, The Sanctuary, The Preserve, and The Estates. The community is centered around the Hammock Creek Golf Course, a Jack Nicklaus designed course. Homes in Hammock Creek consist of one and two stories with square footage ranging from 2000 to over 5000 square feet and prices starting in the low 300’s.Most of the homes sit on generous lots with a view of either the lake, preserve, or golf course.

Hammock Creek in Palm City FL

There are wide paver sidewalks ideal for families who enjoy biking, walking, and jogging. Close to fine shopping, nice restaurants, immediate access to I-95 and the turnpike, and A Rated Palm City schools make Hammock Creek one of Martin County’s premier neighborhoods.

Hammock Creek in Palm City FL

Low HOA fees ranging from approximately $260 to $390 per month depending on which section one resides.

Hammock Creek in Palm City FL

Depending on which section of Hammock Creek you are in HOA fees run from $285 to $485 per quarter.   The ‘A’ rated Martin County schools that children from Hammock Creek attend are the Palm City elementary, Hidden Oaks middle and Martin County high schools.
Hammock Creek in Palm City FL

Here are the currently available homes in Hammock Creek March 2018 Market Report

 

For any questions you may have about Hammock Creek March 2018 Market Report, 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

Hammock Creek March 2018 Market Report