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

Palm City FL 34990 Condo Market Report March 2019

Palm City FL 34990 Condo Market Report March 2019

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

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

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

Palm City FL 34990 Condo Market Report March 2019 

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

Palm City FL 34990 Condo Market Report March 2019

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

Palm City FL 34990 Condo Market Report March 2019

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

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

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

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

Palm City FL 34990 Condo Market Report March 2019