Palm City Florida Market Report ZIP Code 34990 Condo June 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for June 2013

 

For June 2013 in the 34990 Zip Code area of Palm City, Florida :

There are currently 54 active condo listings. (Up by 2 condos from May)

[singlepic id=3752 w=500 h=500 float=center]

 

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

[singlepic id=3753 w=500 h=500 float=center]

 

8 Condos Sold in June. (Up 5 condos from May)

[singlepic id=3754 w=800 h=800 float=center]

 

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.   Sales were up by more than double from last month, while pending sales were off by 2 condos, and a small increase of 2 condos to the inventory.

 

The current absorption rate for condos in the 34990 zip code area dropped to 6.8 months.  A steep drop to almost a balanced market for this month, as a balanced market is considered to be an absorption rate of around 6 months.

 

The June 2012 numbers were: 66 active listings, 5 pending sales and 3 closed sales.   Even with the significantly lower number of active condo listings, this year’s activity is much better.

Palm City Florida Market Report ZIP Code 34990 Condo May 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for May 2013

 

For May 2013 in the 34990 Zip Code area of Palm City, Florida :

There are currently 52 active condo listings. (Down 6 condos from April)

[singlepic id=3695 w=600 h=600 float=center]

[singlepic id=3696 w=600 h=600 float=center]

 

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

[singlepic id=3697 w=600 h=600 float=center]

 

3 Condos Sold in May. (Down 4 condos from April)

[singlepic id=3698 w=600 h=600 float=center]

[singlepic id=3699 w=600 h=600 float=center]

[singlepic id=3700 w=600 h=600 float=center]

 

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.   Sales were only 3 units for May, yet the pending numbers were up, indicating some good closed activity for the next few months (if they all close).  Inventory is now down to only 52 condos for Palm City.

 

The current absorption rate for condos in the 34990 zip code area jumped to 17.3 months.  An extreme buyers market for this month, as a balanced market is considered to be an absorption rate of around 6 months.

 

The May 2012 numbers were: 66 active listings, 8 pending sales and 2 closed sales.   Considerably better activity for 2013 than last year.

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)

[singlepic id=3585 w=600 h=600 float=center]

[singlepic id=3586 w=600 h=600 float=center]

 

14 Condo sales are pending and awaiting close or lender approval. (Increased by 5 condos from last month)

[singlepic id=3587 w=600 h=600 float=center]

 

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

[singlepic id=3588 w=600 h=600 float=center]

[singlepic id=3589 w=600 h=600 float=center]

[singlepic id=3590 w=600 h=600 float=center]

 

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.

Palm City Florida Market Report ZIP Code 34990 – Condo, March 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for March 2013

For March 2013 in the 34990 Zip Code area of Palm City, Florida :

There are currently 63 active condo listings. (Down by 6 condos from February)

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

5 Condos Sold in March. (Up by 1 condo from February)

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.  For March, the Palm City condo market activity had a small decrease in an already small inventory.  Sales were up and pending sales were also up.

The current absorption rate for condos in the 34990 zip code area is 13.8 months.  A very strong buyers’ market, as a balanced market is considered to be an absorption rate of around 6 months.

The March 2012 numbers were: 66 active listings, 2 pending sales and 3 closed sales.   Even with such small numbers, a considerably better performance in 2013 as opposed to last year.

Palm City Florida Market Report ZIP Code 34990 – Condo, February 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for February 2013

 

For February 2013 in the 34990 Zip Code area of Palm City, Florida :

There are currently 69 active condo listings. (No change from January)

[singlepic id=3409 w=600 h=600 float=center]

[singlepic id=3410 w=600 h=600 float=center]

 

7 Condo sales are pending and awaiting close or lender approval. (Down 1 condo from last month)

[singlepic id=3411 w=600 h=600 float=center]

 

4 Condos Sold in February. (Up by 1 condo from January)

[singlepic id=3412 w=600 h=600 float=center]

[singlepic id=3413 w=600 h=600 float=center]

[singlepic id=3414 w=600 h=600 float=center]

[singlepic id=3415 w=600 h=600 float=center]

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.  For February, the Palm City condo market activity had no change in inventory and one less pending sale and one greater closed sale.

 

The current absorption rate for condos in the 34990 zip code area is 17.3 months.  A very strong buyers’ market, as a balanced market is considered to be an absorption rate of around 6 months.

 

The February 2012 numbers were: 71 active listings, 1 pending sales and 5 closed sales.   Close comparison to last year, with the exception of the increased pending activity this year.

Palm City Florida Market Report ZIP Code 34990 – Condo, January 2013

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for January 2013

 

For January 2013 in the 34990 Zip Code area of Palm City, Florida :

There are currently 69 active condo listings. (An increase of 6 condos from December)

[singlepic id=3310 w=600 h=600 float=center]

[singlepic id=3311 w=600 h=600 float=center]

 

8 Condo sales are pending and awaiting close or lender approval. (Unchanged from last month)

[singlepic id=3312 w=600 h=600 float=center]

 

3 Condos Sold in January. (No change from December)

[singlepic id=3313 w=600 h=600 float=center]

[singlepic id=3314 w=600 h=600 float=center]

[singlepic id=3315 w=600 h=600 float=center]

[singlepic id=3316 w=600 h=600 float=center]

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.  For January, other than a small increase in available condos, there was no change in other market activity.

 

The current absorption rate for condos in the 34990 zip code area is 23 months.  A very strong buyers’ market, as a balanced market is considered to be an absorption rate of around 6 months.

 

The January 2012 numbers were: 68 active listings, 6 pending sales and 3 closed sales.   Close to being identical with this year’s activity.