Equestrian Estate on 5 Acres in Palm City Farms – Price Reduced


Equestrian Estate on 5 Acres in Palm City Farms – Price Reduced

The price has been reduced to $799,000.  A great opportunity for the professional equestrian or the hobbyist at 5605 SW Ranchito Street in Palm City, Florida!

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$799,000
Single Family Home
Main Features
5 Bedrooms
5 Bathrooms
Interior: 5,169 sqft
Lot: 5.00 acre(s)
Location
5605 SW Ranchito Street
Palm City, FL 34990
USA

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Palm City Florida Market Report ZIP Code 34990 – Condo, November 2011

Palm City Florida Market Report ZIP Code 34990 – Condo, November 2011

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for November 2011

For November, 2011 in the 34990 Zip Code area of Palm City, Florida :



There are currently 60 active condo listings. (Up 1 from October)

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

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1 Condos Sold in November. (A decrease of 1 condo from October)

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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.  With only 60 currently active listings, it is not a very large market.   Last year at this time there were 78 active listings, and the market was more active with 5 pending sales and 6 closed sales as compared to this years anemic 3 and 1 respectively.  The condo market overall remains significantly more sluggish as compared to the single family residential market.
Speculating on the reasons for this could be the current low prices of single family units.  The difficulty of obtaining financing for condos in this lending environment and the nervousness regarding the economy and future being felt by the more senior set that tend to go for the condo type of housing.  Condo sales tend to be more active after the holidays and we will hopefully see an increase in activity following the holiday season.

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Palm City Florida Market Report ZIP Code 34990 – Condo, November 2011

Palm City Florida Market Report ZIP Code 34990 – Residential, November 2011

Palm City Florida Market Report ZIP Code 34990 – Residential, November 2011

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for November 2011

 

For November, 2011 in the 34990 Zip Code area of Palm City Florida :


There are currently 468 active listings (Increased 11 homes from October)

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144 Residential sales are pending and awaiting close or lender approval. (Increased 6 from last month)

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36 Homes Sold in November (A decrease of 5 homes from October)

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For the Palm City, zip code 34990, area of Martin County Florida, we had a second month of increasing inventory, although modest in number.  Also an increase in pending sales, but unfortunately a decrease in closed sales.  Comparing the numbers to November of 2010 when there were 608 active listings, 121 pending sales and 40 closed sales, there is significantly less inventory thisyear, with sales close to equal of last year as well as a higher number of pending sales.  Of the closed sales in the past few months, there are a significantly higher number of homes in the medium to upper price ranges as compared to the past few years, showing a renewed interest in the medium and upper end of the market.

Provided the numbers for distressed homes don’t increase in 2012, we should see continued groth and good activity in the Palm City, Florida real estate market.

 

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Palm City Florida Market Report ZIP Code 34990 – Residential, November 2011

5 BR Waterfront Pool Home – Open House

5 BR Waterfront Pool Home – Open House

Spacious and Secluded Waterfront 5 BR Pool Home on almost an Acre off Mapp Road in Palm City, Florida

Join us on December 4’th from 1:00 p.m. to 4:00 p.m. at 5675 SW Mapp Road in Palm City!

An opportunity to live in a large yet cozy, secluded waterfront home in desirable Palm City, Florida. With over 300′ of water frontage and dock with boat lift and jet ski lift, this is a wonderful opportunity for a family looking for their dream home.

This sprawling waterfront retreat rests on nearly an acre of a lushly landscaped private lot! Tucked away for maximum privacy this beautiful screened pool home overlooks private serene canals with ocean access.

The inviting living area boasts an open floor plan with vaulted ceilings, a gourmet kitchen complete with 42 inch oak cabinets, SS appliances, and granite counter tops. A true 5BR plus den and magnificent master retreat that has an additional bonus room ideal for a nursery, gym, or office. Bonus features of this home are impact glass windows, ample closets and storage, 2 zone AC, High efficiency Tanin water filter system, double sided wood burning fireplace and a 4 car tandem detached garage. Close to A Rated schools, shopping, dining, TPK and I-95.

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5 BR Waterfront Pool Home

Palm City Florida Market Report ZIP Code 34990 – Condo, October 2011

Palm City Florida Market Report ZIP Code 34990 – Condo, October 2011

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for October 2011

For October, 2011 in the 34990 Zip Code area of Palm City, Florida :



There are currently 59 active condo listings. (Down 2 from September)

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

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2 Condos Sold in October. (An increase of 1 condo from September)

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Unlike the rest of martin County, the Palm City condo market report (ZIP Code 34990) had a decrease in inventory from last month.  Unfortunately pending sales are very slow as well as closed or completed sales.  The Palm City condo market is slightly different from the rest of the county as the mix tends to favor more year round residents and is less prone to the seasonal inventory increase we typically experience during the holiday season.

As long as the inventory doesn’t increase appreciably this should be a good winter for Palm City condo sales, though prices will not see an increase as of yet due to competition from the neighboring areas as well as the number of distressed sales on the market. Should the inventory increase, pricing pressure may lead to some continued decreases.

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Palm City Florida Real Estate presented by:
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Palm City Florida Market Report ZIP Code 34990 – Condo, October 2011