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

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

 

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

 

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

 


There are currently 468 active listings (A decrease of 14 homes from September)

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138 Residential sales are pending and awaiting close or lender approval. (Increased 14 from last month)

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41 Homes Sold in October (A decrease of 8 homes from September)

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Other than closed sales, which were off by8 homes for October, the other trends were positive for Palm City (zip code 34990).  A decrease of inventory will make homes a bit more scarce and with the decrease in supply, prices should remain more stable than in previous months.  An increase in pending sales should mean more closed sales for the coming months.  With the holiday season coming up, we expect a decrease in activity for the season, following a gradual increase as we move into January.

 

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

 

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

Palm City Florida Market Report ZIP Code 34990 Condo, September 2011

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

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

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



There are currently 61 active condo listings. (Up 9 from August)

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4 Condo sales are pending and awaiting close or lender approval. (Down 1 from last August)

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1 Condos Sold in September. (A decrease of 3 condos from August)

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The Palm City condo market report (ZIP Code 34990) showed a slow month for September 2011 as sales as well as pending sales were all off for the month.  In addition the inventory rose for the first time this year.  Hopefully this is just a seasonal result as this is the slow time on the Treasure Coast for condo sales.

As long as the inventory doesn’t increase appreciably this should be a good winter for Palm City condo sales, though prices probably will not increase yet.  Should the inventory continue to increase, pressure will be on prices and may show some more decreases in the future.

Palm City, FL Real Estate


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

 

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

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

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

 

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

 

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

 


There are currently 482 active listings (An increase of 16 homes from August)

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124 Residential sales are pending and awaiting close or lender approval. (Down 15 from last month)

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49 Homes Sold in September (An increase of 7 homes from August)

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The good news for the Palm City (ZIP Code 34990) real estate market report is that sales were up from the previous month.  Unfortunately we also had an increase in inventory and a decrease in pending sales.  Whether this is a seasonal effect or a future trend remains to be determined.

This increase in inventory may also be attributable to many sellers trying to time the market as well as a reaction from recent relatively good sales for the past spring and summer season.  Most efforts to time the market, especially when made in relatively large numbers become self defeating as in this trying market, this increase in inventory may just drive the market a bit lower.

However, for buyers, especially for those who can obtain financing, there hasn’t been a more attractive real estate market in decades.  There are some savvy buyers getting excellent deals for homes at prices equivalent to 10 or 11 years ago.

This will be an interesting season to watch!

 

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Palm City, FL Real Estate

Rental Properties

Residential Properties

Condominium Properties

Vacant Land Properties

Commercial Properties

 

 

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

 

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

Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for June 2011

Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for June 2011

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


There are currently 503 active listings (A decrease of 29 homes from May)

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132 Residential sales are pending and awaiting close or lender approval. (Up 4 from last month)

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56 Homes Sold in June (Down 5 homes from May)

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For the Palm City (zip code 34990) real estate market activity, the biggest number for June is that the inventory declined by 6% or down 32 homes.  Pending sales rose slightly.  Closed sales were off by 5 homes and this is often to be expected as during the summer season on the Treasure Coast of Florida many buyers are seasonal and have postponed their buying activity until the start of next season.

Search here for Palm City Florida Real Estate for Sale

Palm City, FL Real Estate

Rental Properties

Residential Properties

Condominium Properties

Vacant Land Properties

Commercial Properties

 

Market Report: Palm City Florida Real Estate Snapshot for Zip Code 34990, Residential Sales for June 2011

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