Murano Homes January 2020 Housing Market Report

Murano Homes January 2020 Housing Market Report

Palm City Florida Real Estate

There are currently 3 homes available for purchase in the Murano community in Palm City FL with list prices ranging from $333,900 up to $350,000.  This is an average list price of $339,633 or $156.61 per sq. ft. of living area.

There are no homes under contract at this time in the Murano subdivision of Palm City, FL.

In the past 12 months, 10 homes have sold in Murano with sales prices ranging from $280,000 up to $370,000.  This works out to an average sales price of $329,050 which equals $132.59 per sq. ft. of living area.  These homes were on the market for an average of 106 days before going under contract.  The sales prices averaged 97% of list price.

About the Murano Community in Palm City FL:

Conveniently located off of Martin Downs Blvd and Sunset Trail, Murano is a new home community with 110 homes. Originally developed by Home Dynamics with homes built in 2007 and later this community was taken over by D. R. Horton with building resuming in 2011 to the present. Murano homes range from two story 5 Bedroom 4 bathroom homes of 0ver 3,200 sq. ft. to single story 2 Bedroom, 2 bath homes of just over 1,700 sq. ft.

This is a very family friendly neighborhood close to “A” rated schools, shopping and Florida’s Turnpike for commuters. There is a community pool and low HOA fees.

Murano Community in Palm City FL

For those interested in the Murano community of Palm City, please let me know if you’d like to be placed on an automatic listing notifier of available homes in this community.

Search here for:

Murano Homes for Sale

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

Murano Homes January 2020 Housing Market Report

 

Palm City FL 34990 Condo Market Report October 2019

Palm City FL 34990 Condo Market Report October 2019

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

There are currently 77 active condo listings. (Decreased by 6 condos from September)

Palm City FL 34990 Condo Market Report October 2019 

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

Palm City FL 34990 Condo Market Report October 2019

6 Condos Sold in October. (Up by 6 condos from September)

Palm City FL 34990 Condo Market Report October 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.  October had improved activity from last month.

The current absorption rate for condos in the 34990 zip is 12.8 months (was not available in September with 0 sales). This is an extreme buyer’s market for Palm City condos.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The October 2018 numbers were: 80 active listings, 3 pending sales, and 7 closed sales.  Very similar activity when compared to last year.
Palm City FL 34990 Condo Market Report October 2019

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

Click here to view previous Palm City FL 34990 Condo Market Reports

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Palm City FL 34990 Condo Market Report October 2019

Palm City FL 34990 Residential Market Report October 2019

Palm City FL 34990 Residential Market Report October 2019

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

 There are currently 328 active listings (Up by 11 homes from September)

Palm City FL 34990 Residential Market Report October 2019

105 Residential sales are pending (Down by 20 homes from last month)

Palm City FL 34990 Residential Market Report October 2019

85 Homes Sold in October (Down by 5 home from September)

Palm City FL 34990 Residential Market Report October 2019

The Palm City FL, zip code 34990 residential real estate market had slightly weaker sales and pending sales activity when compared to last month but remains a very active segment of the Martin County single-family real estate market.
The monthly absorption rate dropped to 3.9 months from 3.5 months in September.  Remaining in a strong seller’s market for the Palm City zip code 34990 area, though approaching 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 October 2018 numbers were:  357 active listings, 106 pending sales, and 73 closed sales.  Considerably stronger closed and pending sales this year on a significantly smaller inventory of available Palm City homes for sale.

Palm City FL 34990 Residential Market Report October 2019

Click here to view the previous Palm City Florida residential market reports

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

Click here for previous Palm City FL 34990 Residential Market Reports

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Palm City FL 34990 Residential Market Report October 2019

Palm City FL 34990 Condo Market Report September 2019

Palm City FL 34990 Condo Market Report September 2019

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

There are currently 83 active condo listings. (Increased by 3 condos from August)

Palm City FL 34990 Condo Market Report September 2019 

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

Palm City FL 34990 Condo Market Report September 2019

0 Condos Sold in September. (Down by 3 condos from August)

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.  September had zero sales.  This is the first time in my memory this has happened in this market.

The current absorption rate for condos in the 34990 zip is uncalcuable with zero sales for the month (was 26.7 months in August). This is an extreme buyer’s market for Palm City condos.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The September 2018 numbers were: 83 active listings, 5 pending sales, and 6 closed sales.  There was considerably better activity last year.
Palm City FL 34990 Condo Market Report September 2019

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

Click here to view previous Palm City FL 34990 Condo Market Reports

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Palm City FL 34990 Condo Market Report September 2019

Palm City FL 34990 Residential Market Report September 2019

Palm City FL 34990 Residential Market Report September 2019

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

 There are currently 317 active listings (Down by 19 homes from August)

Palm City FL 34990 Residential Market Report September 2019

125 Residential sales are pending (Down by 15 homes from last month)

Palm City FL 34990 Residential Market Report September 2019

90 Homes Sold in September (Up by 1 home from August)

Palm City FL 34990 Residential Market Report September 2019

The Palm City FL, zip code 34990 residential real estate market continues to outperform most of the adjacent markets with very strong sales activity.
The monthly absorption rate dropped to 3.5 months from 3.8 months in August.  Remaining in a strong seller’s market for the Palm City zip code 34990 area, though approaching 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 September 2018 numbers were:  357 active listings, 119 pending sales, and 57 closed sales.  Considerably stronger closed and pending sales this year on a significantly smaller inventory of available Palm City homes for sale.

Palm City FL 34990 Residential Market Report September 2019

Click here to view the previous Palm City Florida residential market reports

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

Click here for previous Palm City FL 34990 Residential Market Reports

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Palm City FL 34990 Residential Market Report September 2019

Palm Cove Golf and Yacht Club September 2019 Market Report

Palm Cove Golf and Yacht Club September 2019 Market Report

There are currently 10 properties actively listed in Palm Cove Yacht and Golf Club for September 2019 in Palm City, Florida.  List prices range from a low of $335,000 up to $1,899,900.  The average list price is $783,160 which works out to $203.74 per square foot of living area.

There are 2 homes currently under contract.  The list prices were $479,000 and $599,900.  This equals an average list price of $539,450 or $167.44 per square foot of living area.  These homes averaged 249 days on the market before going under contract.

In the past 12 months, 13 homes have sold in Palm Cove with sales prices from $260,000 up to $880,000.  This is an average sales price of $528,338 or $174.44 per square foot of living area.  These homes were on the market for an average of 108 days prior to going under contract and sales prices averaged 97% of the list price

View previous Palm Cove market reports here

About the Palm Cove Yacht and Golf Club:

The Palm Cove Golf and Yacht Club in Palm City Florida include 206 residences, ranging from spacious condos with garages to townhomes, fairway homes to multi-million dollar waterfront homes on the shores of the north fork of the wide Saint Lucie River.

This magnificent community boasts a championship Chi Chi Rodrigues designed golf course. Memberships are available to both residents and non-residents and membership is not mandatory.  In addition to golf, boaters enjoy a 93 slip deep water marina with docks available for over 50’ vessels.

There’s a magnificent clubhouse located riverside by the marina.  Residents enjoy 24-hour security from the manned gated entrance.  The Palm Cove Golf and Yacht Club is separated into two main sections.  Fairway homes are on the south side of Mapp Road with the entrance across the main entrance to Palm Cove and is controlled by remote from the main security gate.

More information about Palm Cove:

In the main section, are the estate homes, town-homes at Island creek as well as the condos at ‘the Links’.   Homes range from 1500 sq. ft. town-homes with 2 bedrooms, 2 bathrooms, and 2 car garages all the way up to 6,000 sq. ft. plus waterfront residences with 5 bedrooms, office, 6 and ½ bathrooms and 3 car garages.  Homeowner Association (HOA) fees vary from section to section.  The estate homes run approximately $450 per month, while in the fairways section they are around $550 per month, but include landscaping.  For a complete list of fees, please give us a call.

Palm Cove families enjoy a quiet secluded lifestyle yet are close to shopping, restaurants and the beaches of Martin County.  Children attend an ‘A’ rated Martin County school system to the following schools:  Bessey Creek elementary, Hidden Oaks middle and Martin County High.

Currently, these homes are available for sale in the Palm Cove Golf and Yacht Club

For any questions, you may have about the Palm Cove Yacht and Golf Club in Palm City Florida, 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

Palm Cove Golf and Yacht Club September 2019 Market Report

Palm City FL 34990 Condo Market Report August 2019

Palm City FL 34990 Condo Market Report August 2019

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

There are currently 80 active condo listings. (Increased by 3 condos from July)

Palm City FL 34990 Condo Market Report August 2019 

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

Palm City FL 34990 Condo Market Report August 2019

3 Condos Sold in August. (Unchanged from July)

Palm City FL 34990 Condo Market Report August 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.  August continued to display difficulties for this market.

The current absorption rate for condos in the 34990 zip rose to 26.7 months (was 25.7 months in July). Remaining in an extreme buyer’s market for Palm City condos.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The August 2018 numbers were: 76 active listings, 7 pending sales, and 7 closed sales.  There was somewhat better activity last year.
Palm City FL 34990 Condo Market Report August 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

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Palm City FL 34990 Condo Market Report August 2019

Palm City FL 34990 Residential Market Report August 2019

Palm City FL 34990 Residential Market Report August 2019

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

 There are currently 336 active listings (Down by 12 homes from July)

Palm City FL 34990 Residential Market Report August 2019

140 Residential sales are pending (Down by 14 homes from last month)

Palm City FL 34990 Residential Market Report August 2019

89 Homes Sold in September (Up by 26 homes from July)

Palm City FL 34990 Residential Market Report August 2019

The Palm City FL, zip code 34990 residential real estate market continues with very strong market activity.  We had a sizeable increase in sales this month and the pending sales also remain very strong.
The monthly absorption rate dropped to 3.8 months from 5.5 months in July.  Becoming an even stronger seller’s market for the Palm City zip code 34990 area, though approaching 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 August 2018 numbers were:  361 active listings, 100 pending sales, and 96 closed sales.  With a lower number of available homes for sale this year, sales are pretty comparable and pending sales are much stronger than last year.

Palm City FL 34990 Residential Market Report August 2019

Click here to view the previous Palm City Florida residential market reports

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

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Palm City FL 34990 Residential Market Report August 2019

Hammock Creek September 2019 Market Report

Hammock Creek September 2019 Market Report

There are currently 2 homes actively listed in Hammock Creek in Palm City, Florida.  The list prices are $409,000 and $473,500.  This is an average list price of $441,250 which is $196.38 per square foot of living area.

There are 7 homes currently under contract awaiting closing.  The list prices ranged from a low of $445,000 up to $575,000.  This is an average list price is $511,257 and equals $168.90 per square foot of living area.  These homes averaged 48 days from list date to being under contract.

In the past 12 months, 34 homes have sold in Hammock Creek.  Sales prices ranged from $385,000 up to $702,000. This is an average sales price of $521,603 which works out to $166.76 per square foot of living area.  These homes went under contract in an average of 56 days and sold for 97% of list price.

About 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.

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.

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

 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.

Here are the currently available homes in Hammock Creek September 2019 Market Report

For any questions you may have about Hammock Creek September 2019 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 September 2019 Market Report

Islesworth in Palm City FL September 2019 Market Report

Islesworth in Palm City FL September 2019 Market Report

There are currently no homes for sale in Islesworth in Palm City, Florida.

There are also no homes currently under contract in Islesworth.

In the past 12 months, 7 homes have sold in Islesworth.  Sales prices ranged from $365,000 up to $465,000.  This is an average sales price of $416,571 which works out to $151.12 per square foot of living area. These homes averaged 55 days on the market prior to going under contract and sold for 95% of the listing price.

About Islesworth in Palm City FL

The Islesworth subdivision in Palm City is a very attractive neighborhood located in the heart of Palm City, FL in a non-gated community off of Route 714 (Martin Highway).  This was a Pulte community with 113 homes being built from 1996 through 1998.  Most homes are on spacious lots from just under to over ¼ acre sites.

Many homes enjoy serene water views as there are two smaller lakes in this community.  Both single and two-story homes with the vast majority being 4 bedroom homes though there are a number of 5 bedroom homes as well as a few 3 bedroom homes.  The current HOA fees are a very reasonable $463.00 per quarter.  The fees include maintenance and insurance of the common areas, roads, reserve funds, and basic cable TV.

Islesworth is right next door to Hidden Oaks Middle School and only a short bike ride to Palm City Elementary School.  Children in Islesworth go to Martin County High School which is approximately 5 miles away.

Close to grocery and other shopping as well as medical facilities and places of worship, Islesworth offers very easy access to most resident’s needs.  For those needing to commute, both Florida’s Turnpike and I-95 are both only a short distance away.

Here are the currently available homes in Islesworth in Palm City FL

For any questions you may have about Islesworth in Palm City FL, 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

Islesworth in Palm City FL September 2019 Market Report

Palm City FL 34990 Condo Market Report July 2019

Palm City FL 34990 Condo Market Report July 2019

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

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

There are currently 77 active condo listings. (Increased by 11 condos from June)

Palm City FL 34990 Condo Market Report July 2019 

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

Palm City FL 34990 Condo Market Report July 2019

3 Condos Sold in July. (Down by 9 condos from June)

Palm City FL 34990 Condo Market Report July 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.  July retreated back to weak activity for this market.

The current absorption rate for condos in the 34990 zip exploded to 25.7 months (was 5.5 months in June).  Shifting back into an extreme buyer’s market for Palm City condos.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The July 2018 numbers were: 78 active listings, 9 pending sales, and 1 closed sales.  Slightly better activity this year.
Palm City FL 34990 Condo Market Report July 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

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Palm City FL 34990 Condo Market Report July 2019

Palm City FL 34990 Residential Market Report July 2019

Palm City FL 34990 Residential Market Report July 2019

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

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

 There are currently 348 active listings (Down by 42 homes from June)

Palm City FL 34990 Residential Market Report July 2019

154 Residential sales are pending (Up by 38 homes from last month)

Palm City FL 34990 Residential Market Report July 2019

63 Homes Sold in September (Down by 23 homes from June)

Palm City FL 34990 Residential Market Report July 2019

The Palm City FL, zip code 34990 residential real estate market had a large improvement in pending sales while closed sales were off.  With the increase in pending sales, I expect closed sales to improve in the next month or two.  There was also a pretty large (and unexpected) drop in inventory for July.
The monthly absorption rate rose to 5.5 months from 4.5 months in June.  Remaining in a seller’s market for the Palm City zip code 34990 area, though approaching 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 July 2018 numbers were:  335 active listings, 142 pending sales, and 76 closed sales.  There’s a greater number of pending sales this year while closed sales were better last year.

Palm City FL 34990 Residential Market Report July 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

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Palm City FL 34990 Residential Market Report July 2019

Danforth in Palm City August 2019 Market Report

Danforth in Palm City August 2019 Market Report

As of August 2019:

There are currently only 2 active listings for sale in Danforth.  The list prices for these Danforth homes are $425,000 and $460,000.  This is an average list price of $442,500 or $176.46 per sq. ft. of living area.

There are 7 homes currently under contract.  These homes were listed with prices ranging from $375,000 up to $539,000.    This works out to an average list price of $426,986 which equals $178.33 per sq. ft. of living area.  These homes were on the market for an average of 49 days before going under contract.

In the past 12 months, 17 homes have sold in Danforth.  The sales prices ranged from a low of $365,000 up to $493,000.  The average sales price was $416,959 which works out to $172.78 per sq. ft. of living area.  These homes averaged 49 days on the market before going under contract and sold at 97% of the list price.

About the Danforth Community in Palm City FL:

Danforth in Palm City Florida

Danforth in Palm City Florida is a wonderful family subdivision with 335 homes of all sizes and shapes with a wonderful family friendly neighborhood feel.  Well located in Palm City off SW Martin Highway and within walking distance of both the Palm City Elementary and Hidden Oaks Middle Schools.  Both of these schools are top rated in the Martin County school system as well as in the State of Florida.

Danforth real estate in Palm City

Many homes are lakefront with beautiful views and a wonderful private feeling, yet this community is within a mile of the new Publix and also close to restaurants and medical facilities.  Easy access to downtown Stuart as well via the new Veteran’s Memorial Bridge from Palm City to Stuart.  Also just a couple of minutes to Florida’s Turnpike for those wishing to either commute or to make a short trip to West Palm Beach or other points just North or South.


Danforth features low HOA fees of $119.00 per month (as of August 2019).  Construction in Danforth was first completed in 1990 with most homes dated from then to the late 1990’s and at least one home completed in 2001.  This planned unit development (PUD) was developed by Danforth Development Inc. and various builders took part in the construction of the homes.  Here is the Danforth Home Owners Association website.  Danforth just added a remote code controlled entry gate system in 2014.

Search for Danforth Homes for Sale

the Gabe Sanders real estate team

Palm City Florida Real Estate

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

Danforth in Palm City August 2019 Market Report

 

Palm City FL 34990 Condo Market Report June 2019

Palm City FL 34990 Condo Market Report June 2019

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

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

There are currently 66 active condo listings. (Decreased by 2 condos from May)

Palm City FL 34990 Condo Market Report June 2019 

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

Palm City FL 34990 Condo Market Report June 2019

12 Condos Sold in June. (Up by 4 condos from May)

Palm City FL 34990 Condo Market Report June 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.  June was a good month for this segment of condo real estate in Martin County.

The current absorption rate for condos in the 34990 zip dropped to 5.5 months (was 8.5 months in May).  Shifting into a seller’s market for Palm City condos for the first time in a while.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The June 2018 numbers were: 86 active listings, 8 pending sales, and 9 closed sales.  A better volume of sales and pending sales this year all on a reduced inventory of available condos.
Palm City FL 34990 Condo Market Report June 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

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Palm City FL 34990 Condo Market Report June 2019

Palm City FL 34990 Residential Market Report June 2019

Palm City FL 34990 Residential Market Report June 2019

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

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

 There are currently 390 active listings (Down by 10 homes from May)

Palm City FL 34990 Residential Market Report June 2019

116 Residential sales are pending (Down by 16 homes from last month)

Palm City FL 34990 Residential Market Report June 2019

86 Homes Sold in September (Down by 24 homes from May)

Palm City FL 34990 Residential Market Report June 2019

The Palm City FL, zip code 34990 residential real estate market had a slower June in both closed and pending sales activity, but remains a very active market.
The monthly absorption rate rose to 4.5 months from 3.6 months in May.  Remaining in a seller’s market for the Palm City zip code 34990 area, though not as extreme as last month.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The June 2018 numbers were:  333 active listings, 150 pending sales, and 111 closed sales.  Better sales and pending sales volume last year with a smaller inventory of available homes for sale.

Palm City FL 34990 Residential Market Report June 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

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Palm City FL 34990 Residential Market Report June 2019

Murano Homes July 2019 Housing Market Report

Murano Homes July 2019 Housing Market Report

Palm City Florida Real Estate

There are currently 3 homes available for purchase in the Murano community in Palm City FL with list prices ranging from $335,000 up to $369,000 which is an average list price of $349,667 or $142.89 per sq. ft. of living area.

 

There are 3 homes under contract at this time in the Murano subdivision of Palm City, FL.  The list prices ranged from $319,000 up to $367,900.  This is an average list price of $340,633 which is $125.51 per sq. ft. of living area.  These homes averaged 151 days on the market before going under contract.

 

In the past 12 months, 10 homes have sold in Murano with sales prices ranging from $285,000 up to $389,000 for an average sales price of $324,790 which equals $134.75 per sq. ft. of living area.  The average days on the market before going under contract for these homes was 97 with a list to sales price ratio that averaged 98%.

About the Murano Community in Palm City FL:

Murano Community in Palm City FL

Conveniently located off of Martin Downs Blvd and Sunset Trail, Murano is a new home community with 110 homes. Originally developed by Home Dynamics with homes built in 2007 and later this community was taken over by D. R. Horton with building resuming in 2011 to the present. Murano homes range from two story 5 Bedroom 4 bathroom homes of 0ver 3,200 sq. ft. to single story 2 Bedroom, 2 bath homes of just over 1,700 sq. ft.
Murano Community in Palm City FL

This is a very family friendly neighborhood close to schools, shopping and Florida’s Turnpike for commuters. There is a community pool and low HOA fees of $133 per month.

Murano Community in Palm City FL

  Search here for:

Murano Homes for Sale

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

Murano Homes July 2019 Housing Market Report

 

Palm City FL 34990 Condo Market Report May 2019

Palm City FL 34990 Condo Market Report May 2019

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

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

There are currently 68 active condo listings. (Decreased by 10 condos from April)

Palm City FL 34990 Condo Market Report May 2019 

13 Condo sales are pending and awaiting close or lender approval. (Down by 3 condo from last month)

Palm City FL 34990 Condo Market Report May 2019

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

Palm City FL 34990 Condo Market Report May 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.  May showed a nice rise in activity for these communities.

The current absorption rate for condos in the 34990 zip is 8.5 months (was 7.1 months in April).  Shifting into a more pronounced buyer’s market for Palm City condos.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The May 2018 numbers were: 87 active listings, 11 pending sales, and 9 closed sales.  Very similar activity to last year but with a significantly lower number of available condos for sale.
Palm City FL 34990 Condo Market Report May 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

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Palm City FL 34990 Condo Market Report May 2019

Palm City FL 34990 Residential Market Report May 2019

Palm City FL 34990 Residential Market Report May 2019

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

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

 There are currently 400 active listings (Up by 11 homes from April)

Palm City FL 34990 Residential Market Report May 2019

132 Residential sales are pending (Down by 34 homes from last month)

Palm City FL 34990 Residential Market Report May 2019

110 Homes Sold in September (Up by 32 homes from April)

Palm City FL 34990 Residential Market Report May 2019

The Palm City FL, zip code 34990 residential real estate market had a very good month for closed sales.  Unfortunately, pending sales were off for this month and the inventory continues to grow.  Palm City remains a very active market.
The monthly absorption rate rose to 3.6 months from 5.0 months in April.  Dropping to even a more extreme 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 May 2018 numbers were:  340 active listings, 176 pending sales, and 106 closed sales.  All in all, considerably better activity last year with a reduced number of homes available to purchase.

Palm City FL 34990 Residential Market Report May 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

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Palm City FL 34990 Residential Market Report May 2019

Palm City FL 34990 Condo Market Report April 2019

Palm City FL 34990 Condo Market Report April 2019

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

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

There are currently 78 active condo listings. (Decreased by 7 condos from March)

Palm City FL 34990 Condo Market Report April 2019 

16 Condo sales are pending and awaiting close or lender approval. (Up by 1 condo from last month)

Palm City FL 34990 Condo Market Report April 2019

11 Condos Sold in April. (Unchanged from March)

Palm City FL 34990 Condo Market Report April 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.  April showed a nice rise in activity for these communities.

The current absorption rate for condos in the 34990 zip is 7.1 months (was 7.7 months in March).  Remaining in a buyer’s market for Palm City condos.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The April 2018 numbers were: 88 active listings, 15 pending sales, and 7 closed sales.  Better sales and pending activity this year on lower inventory.
Palm City FL 34990 Condo Market Report April 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

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Palm City FL 34990 Condo Market Report April 2019

Palm City FL 34990 Residential Market Report April 2019

Palm City FL 34990 Residential Market Report April 2019

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

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

 There are currently 389 active listings (Up by 3 homes from March)

Palm City FL 34990 Condo Market Report April 2019

166 Residential sales are pending (Up by 16 homes from last month)

Palm City FL 34990 Condo Market Report April 2019

78 Homes Sold in September (Down by 9 homes from March)

Palm City FL 34990 Condo Market Report April 2019

The Palm City FL, zip code 34990 residential real estate market had fewer closed sales from last month but improved pending activity.  This should be a good indication for future sales.
The monthly absorption rate rose to 5.0 months from 4.4 months in March.  Remaining in a 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 April 2018 numbers were:  364 active listings, 193 pending sales, and 64 closed sales.  Better closed sales this year but weaker pending sales on a greater number of available Palm City homes for sale.

Palm City FL 34990 Condo Market Report April 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

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Palm City FL 34990 Residential Market Report April 2019