Palm City FL 34990 Condo Market Report October 2017

11.24.17 by

Palm City FL 34990 Condo Market Report October 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for October 2017

For October 2017 in the 34990 Zip Code area of Palm City, Florida :

There are currently 75 active condo listings. (Increased by 7 condos from September)

   Palm City FL 34990 Condo Market Report October 2017

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

Palm City FL 34990 Condo Market Report October 2017

2 Condos Sold in October. (Down by 1 condos from July)

Palm City FL 34990 Condo Market Report October 2017

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Market activity dropped for Palm City condos and this segment remains a difficult one for sellers.  (Though a good part of this difficulty comes from two equity golf club communities.)

The current absorption rate for condos in the 34990 zip code area jumped to 37.5 months (was 22.7 months in July).  Now in an extreme buyer’s market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The October 2016 numbers were: 76 active listings, 9 pending sales and 5 closed sales.   Better activity last year.
Palm City FL 34990 Condo Market Report October 2017
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

Stuart Florida Real Estate presented by:
Gabe Sanders

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report October 2017

Palm City FL 34990 Residential Market Report October 2017

11.23.17 by

Palm City FL 34990 Residential Market Report October 2017

 Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for October 2017

For October 2017 in the 34990 Zip Code area of Palm City Florida :

 There are currently 347 active listings (Increased by 12 homes from September)

Palm City FL 34990 Residential Market Report October 2017

126 Residential sales are pending and awaiting close or lender approval. (Down by 20 homes from last month)

Palm City FL 34990 Residential Market Report October 2017

66 Homes Sold in September (Up by 23 home from September)

Palm City FL 34990 Residential Market Report October 2017

The Palm City FL, zip code 34990 residential real estate market remains very active.  A solid increase in cosed sales from last month but an unfortunate drop in pending sales as well.
The monthly absorption rate jumped up to 5.3 months from 7.8 months in September.  Back into a seller’s market for the Palm City zip code 34990 area for residential sales.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The October 2016 numbers were:  400 active listings, 114 pending sales, and 55 closed sales.  Much better activity this year even with a smaller inventory of available homes for sale.

Palm City FL 34990 Residential Market Report October 2017

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 Palm City Florida Real Estate for Sale:

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

 

Palm City FL 34990 Residential Market Report October 2017

Palm City FL 34990 Condo Market Report September 2017

10.20.17 by

Palm City FL 34990 Condo Market Report September 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for September 2017

For September 2017 in the 34990 Zip Code area of Palm City, Florida :

There are currently 68 active condo listings. (Decreased by 5 condos from August)

   Palm City FL 34990 Condo Market Report September 2017

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

Palm City FL 34990 Condo Market Report September 2017

3 Condos Sold in September. (Down by 5 condos from July)

Palm City FL 34990 Condo Market Report September 2017

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Market activity dropped for Palm City condos and remains a difficult market for sellers.  (Though a good part of this difficulty comes from two equity golf club communities.)  Some of this decreased activity may have been caused by Hurricane Irma which shut down real estate for a little over a week last month

The current absorption rate for condos in the 34990 zip code area jumped to 22.7 months (was 9.1 months in July).  Still in a buyer’s market for Palm City condominiums, but much less extreme than last month.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The September 2016 numbers were: 71 active listings, 9 pending sales and 4 closed sales.   Slightly better activity last year.
Palm City FL 34990 Condo Market Report September 2017

Stuart Florida Real Estate presented by:
Gabe Sanders

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report September 2017

Palm City FL 34990 Residential Market Report September 2017

10.19.17 by

Palm City FL 34990 Residential Market Report September 2017

 Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for September 2017

For September 2017 in the 34990 Zip Code area of Palm City Florida :

 There are currently 335 active listings (Decreased by 11 homes from August)

Palm City FL 34990 Residential Market Report September 2017

108 Residential sales are pending and awaiting close or lender approval. (Down by 20 homes from last month)

Palm City FL 34990 Residential Market Report September 2017

43 Homes Sold in August (Down by 52 home from August)

Palm City FL 34990 Residential Market Report September 2017

The Palm City FL, zip code 34990 residential real estate market remains very active.  For September there was significant reduction in activity.  Some of this decreased activity may have been caused by Hurricane Irma which shut down real estate for a little over a week last month
The monthly absorption rate jumped up to 7.8 months from 3.6 months in August.  A shift to a buyer’s market for the Palm City zip code 34990 area for residential sales.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The September 2016 numbers were:  377 active listings, 21 pending sales, and 54 closed sales.  Weaker activity for this year with a fairly big decrease in inventory.

Palm City FL 34990 Residential Market Report September 2017

 Search here for Palm City Florida Real Estate for Sale:

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

 

Palm City FL 34990 Residential Market Report September 2017

Palm City FL 34990 Condo Market Report August 2017

09.25.17 by

Palm City FL 34990 Condo Market Report August 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for August 2017

For August 2017 in the 34990 Zip Code area of Palm City, Florida :



There are currently 73 active condo listings. (Decreased by 2 condos from July)

   Palm City FL 34990 Condo Market Report August 2017

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

Palm City FL 34990 Condo Market Report August 2017

8 Condos Sold in August. (Up by 6 condos from July)

Palm City FL 34990 Condo Market Report August 2017

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Market activity improved for Palm City condos but remains a difficult market for sellers.  (Though a good part of this difficulty comes from two equity golf club communities.)

The current absorption rate for condos in the 34990 zip code area dropped to 9.1 months (was 37.5 months in July).  Still in a buyer’s market for Palm City condominiums, but much less extreme than last month.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The August 2016 numbers were: 61 active listings, 8 pending sales and 1 closed sales.   Better closed activity this year on increased inventory while pending sales remained unchanged.
Palm City FL 34990 Condo Market Report August 2017

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report August 2017

Palm City FL 34990 Residential Market Report August 2017

09.22.17 by

Palm City FL 34990 Residential Market Report August 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for August 2017

 

For August 2017 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 346 active listings (Decreased by 52 homes from June)

Palm City FL 34990 Residential Market Report August 2017

128 Residential sales are pending and awaiting close or lender approval. (Down by 37 homes from last month)

Palm City FL 34990 Residential Market Report August 2017

95 Homes Sold in June (Down by 1 home from June)

Palm City FL 34990 Residential Market Report August 2017

The Palm City FL, zip code 34990 residential real estate market remains very active.  For August there was a big drop in available homes for sale which also had an effect on reduced future sales (pending listings).
The monthly absorption rate declined to 3.6 months from 4.1 months in June.  Still a seller’s market for the Palm City zip code 34990 area for residential sales.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The August 2016 numbers were:  391 active listings, 116 pending sales, and 68 closed sales.  Stronger activity for this year with a fairly big decrease in inventory.

Palm City FL 34990 Residential Market Report August 2017

 Search here for Palm City Florida Real Estate for Sale:

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

 

Palm City FL 34990 Residential Market Report August 2017

Hammock Creek September 2017 Market Report

09.18.17 by

Hammock Creek September 2017 Market Report

There are currently 4 homes actively listed in Hammock Creek in Palm City, Florida.  Prices range from $469,900 to 525,000.  The average list price is $497,450 at $194.50 per square foot of living area.

There are 6 homes currently under contract awaiting closing.  The list prices range from $399,900 to $649,000 at an average list price is $497,133 which is equal to $160.88 per square foot of living area.  These homes averaged 111 days from list date to being under contract.

In the past 12 months, 40 homes have sold in Hammock Creek.  Sales prices ranged from $340,000 to $635,000 with an average sales price of $486,263 which works out to $156.86 per square foot of living area.  These homes went under contract in an average of 63 days and sold for an average of 967% 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 makes 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 .

Depending on which section of Hammock Creek you are in HOA fees run from $285 to $485 per quarter.   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 2017 Market Report

For any questions you may have about Hammock Creek September 2017 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 2017 Market Report

Islesworth in Palm City FL September 2017 Market Report

09.17.17 by

Islesworth in Palm City FL September 2017 Market Report

There are currently 2 homes for sale in Islesworth in Palm City, Florida.  List prices are $399,000 and $414,900 for an average list price of $406,950 which is equal to $159.20 per sq. ft. of living area.

There is 1 home currently under contract in Islesworth. The list price of this home was $429,000 or $134.10 per sq. ft. of living area.  This home was on the market for 106 days before going under contract.

In the past 12 months, 15 homes have sold in Islesworth.  Sales prices ranged from $322,500 to $444,000 with an average sales price of $391,067 which works out to $152.76 per square foot of living area. These homes averaged 59 days on the market prior to going under contract and sold for 97% of the listing price.

About Islesworth in Palm City FL

Islesworth Entrance

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.

Islesworth Lake 1Many 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.

Homes in Islesworth 3Islesworth 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.

Homes in Islesworth 6Close 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.


Islesworth Lake 3

Islesworth Playground

Here are the currently available homes in September 2017 Market Report for Islesworth in Palm City FL

 

For any questions you may have about September 2017 Market Report for 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 2017 Market Report

Palm City FL 34990 Condo Market Report July 2017

08.22.17 by

Palm City FL 34990 Condo Market Report July 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for July 2017

For July 2017 in the 34990 Zip Code area of Palm City, Florida :



There are currently 75 active condo listings. (Unchanged from June)

   Palm City FL 34990 Condo Market Report July 2017

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

Palm City FL 34990 Condo Market Report July 2017

2 Condos Sold in July. (Down by 4 condos from June)

Palm City FL 34990 Condo Market Report July 2017

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Market activity remains pretty slow for Palm City condos and remains a difficult market for sellers.  (Though a good part of this difficulty comes from two equity golf club communities.)

The current absorption rate for condos in the 34990 zip code area jumped to 37.5 months (was 12.5 months in June).  An extreme buyers’ market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The July 2016 numbers were: 60 active listings, 7 pending sales and 3 closed sales.   Invenory has increased from last year and activity is slightly slower as well.
Palm City FL 34990 Condo Market Report July 2017

Stuart Florida Real Estate presented by:
Gabe Sanders

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report July 2017

Palm City FL 34990 Residential Market Report July 2017

08.21.17 by

Palm City FL 34990 Residential Market Report July 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for July 2017

For July 2017 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 398 active listings (Increased by 12 homes from June)

Palm City FL 34990 Residential Market Report July 2017

165 Residential sales are pending and awaiting close or lender approval. (Down by 6 homes from last month)

Palm City FL 34990 Residential Market Report July 2017

96 Homes Sold in June (No change from June)

Palm City FL 34990 Residential Market Report July 2017

The Palm City FL, zip code 34990 residential real estate market remains very active.  Interestingly, inventory levels are above last year, which is not the current trend in the county.
The monthly absorption rate inched up to 4.1 months from 4.0 months in June.  Still a sellers’ market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The July 2016 numbers were:  383 active listings, 120 pending sales and 83 closed sales.  Stronger activity for this year with a slightly higher inventory of homes for sale.

Palm City FL 34990 Residential Market Report July 2017

 Search here for Palm City Florida Real Estate for Sale:

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

Palm City FL 34990 Residential Market Report July 2017

Palm Cove Golf and Yacht Club August 2017 Market Report

08.11.17 by

Palm Cove Golf and Yacht Club August 2017 Market Report

There are currently 8 properties actively listed in Palm Cove Yacht and Golf Club for August 2017 in Palm City, Florida.  List prices range from a low of $279,000 up to the highest which is a waterfront home for $2,075,000.  The average list price is $931,344 which works out to $223.19 per square foot of living area.

There are 2 homes currently under contract in the Palm Cove community of Palm City as of August 2017.  List prices are $360,000 and $689,000 for an average list price of $524,500 which equals $194.58 per square foot of living area.  These homes averaged 76 days on the market before going under contract.

In the past 12 months, 17 homes have sold in Palm Cove Yacht and Golf Cub with sales prices from $245,000 up to $1,800,000 for an average sales price of $602,620 or $181.81 per square foot of living area.  These homes were on the market for an average of 86 days prior to going under contract and sales prices averaged at 96% of the list price

About the Palm Cove Yacht and Golf Club:

Palm Cove Golf and Yacht Club in Palm City

The Palm Cove Golf and Yacht Club in Palm City Florida includes 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.

Palm Cove Golf and Yacht Club in Palm City

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.

Palm Cove Golf and Yacht Club in Palm City

There’s a magnificent club house 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.

Palm Cove Golf and Yacht Club in Palm City

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.  Home owner (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.

guardgate

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.

Palm Cove Golf and Yacht Club in Palm City

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 August 2017 Market Report

Danforth in Palm City August 2017 Market Report

08.08.17 by

Danforth in Palm City August 2017 Market Report

As of August, 2017:

There are currently 6 active listings for sale in Danforth.  The list prices for these Danforth homes are from $384,400 up to $650,000 for an average list price of $470,717 or $180.54 per sq. ft. of living area.

6 homes are currently under contract.  The list prices of these pending sales range from $419,000 up to $495,000 with the average being $438,500 which equates to an average price per sq. ft. of living area of $163.61.  These 6 homes averaged 73 day on the market before going under contract.

In the past 12 months 14 homes have sold in Danforth.  The sales prices ranged from a low of $300,000 up  to $474,000.  The average sales price was $395,832 or $160.99 per sq. ft. of living area.  These sold listings averaged 55 days on the market before going under contract and sold at 96% of the list price.

About the Danforth Community in Palm City FL:

Danforth in Palm City Florida is 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.

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 $328.00 per quarter (as of July 2017).  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 web site.  Danforth just added an remote code controlled entry gate system in 2014.

Search for Danforth Homes for Sale

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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 2017 Market Report

Copperleaf July 2017 Real Estate Market Report

07.28.17 by

Copperleaf July 2017 Real Estate Market Report

There are currently 3 homes listed in Copperleaf in Palm City, Florida.  List prices are from $439,000 up to $825,000, for an average list price of $571,167 which equals $159.71 per square foot of living area.

There are 4 homes under contract awaiting closing.  The list prices are from $425,000 up to $649,000 which averages to a $488,450 list price and $163.41 per square foot of living area. These homes averaged 47 days on market before accepting these offers.

In the past 12 months, 24 homes have sold in Copperleaf with an average sales price of $511,303 at $175.48 per square foot of living area and at 97% list to sales price ratio.  The lowest sales price was $333,000 while the highest was $1,184,993.  These homes went under contract in an average of 61 days.

About Copperleaf in Palm City FL:

 Copperleaf July 2017 Real Estate Market Report

Copperleaf in Palm City FL was first developed by Centex Homes with the first homes constructed and sold in 2007.  New construction continues to the present now under the name of Pulte Homes.  As of this writing there are 123 homes in Copperleaf.  Though, construction continues with room for considerably more homes.

Copperleaf July 2017 Real Estate Market Report

Home sizes range from estate size homes on over ½ an acre with more than 6,000 sq. ft. of living area down to smaller 3 bedroom, 2 bath homes with 2 car (or more) garages of 1,705 sq. ft.  Copperleaf is conveniently located close to both Florida’s Turnpike and I-95 yet just minutes to shopping, restaurants and the well-respected schools that Martin County has to offer.  Only a few more minutes and you can be on the beach or launch your boat at one of the many boat ramps in the area.

Copperleaf July 2017 Real Estate Market Report

Copperleaf offers is a gated community with a manned gate by the beautiful entrance.  There’s a clubhouse with exercise facilities, two tennis courts, a community pool and a playground for the little ones.  As of this writing, the Home Owner’s Association fees are $233 per month.  These fees cover Basic Cable TV, Manager, Recreational Facilities, Reserve Fund, Security and Trash pickup.

Copperleaf July 2017 Real Estate Market Report

There are excellent new construction opportunities as well as re-sales available in Copperleaf of Palm City FL.  Call us for details.

 Copperleaf July 2017 Real Estate Market Report

Currently, these homes are available for sale in Copperleaf Palm City

 

For any questions you may have about Copperleaf 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

Copperleaf July 2017 Real Estate Market Report

 

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

Copperleaf July 2017 Real Estate Market Report

 

Palm City FL 34990 Condo Market Report June 2017

07.20.17 by

Palm City FL 34990 Condo Market Report June 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for June 2017

For June 2017 in the 34990 Zip Code area of Palm City, Florida :



There are currently 75 active condo listings. (Decreased by 1 condos from May)

   Palm City FL 34990 Condo Market Report June 2017

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

Palm City FL 34990 Condo Market Report June 2017

6 Condos Sold in June. (Up by 2 condos from May)

Palm City FL 34990 Condo Market Report June 2017

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Market activity remains pretty slow for Palm City condos and remains a difficult market for sellers.  (Though a good part of this difficulty comes from two equity golf club communities.)

The current absorption rate for condos in the 34990 zip code area jumped to 12.5 months (was 19 months in May).  A strong buyers’ market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The June 2016 numbers were: 65 active listings, 4 pending sales and 7 closed sales.   Invenory is decreased from last year but there are better pending numbers and sales are close to being the same.
Palm City FL 34990 Condo Market Report June 2017

Stuart Florida Real Estate presented by:
Gabe Sanders

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report June 2017

Palm City FL 34990 Residential Market Report June 2017

07.19.17 by

Palm City FL 34990 Residential Market Report June 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for June 2017

For June 2017 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 386 active listings (Increased by 5 homes from May)

Palm City FL 34990 Residential Market Report June 2017

171 Residential sales are pending and awaiting close or lender approval. (Down by 3 homes from last month)

Palm City FL 34990 Residential Market Report June 2017

96 Homes Sold in May (Down by 33 homes from May)

Palm City FL 34990 Residential Market Report June 2017

The Palm City FL, zip code 34990 residential real estate market continues with strong activity, though closed sales returned to a more sustainable value after a very large jump from last month.
The monthly absorption rate decreased to 4.0 months from 3.0 months in May.  A more extreme sellers’ market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The June 2016 numbers were:  362 active listings, 168 pending sales and 76 closed sales.  Stronger activity for this year with a slightly higher inventory of homes for sale.

Palm City FL 34990 Residential Market Report June 2017

 Search here for Palm City Florida Real Estate for Sale:

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

Palm City FL 34990 Residential Market Report June 2017

Murano Homes July 2017 Housing Market Report

07.07.17 by

Murano Homes July 2017 Housing Market Report

Palm City Florida Real Estate

Murano in Palm City Florida
There are currently 2 homes on the MLS in Murano with prices of $329,000 to $329,900. This equals an average list price of $329,450 or $148.29 per sq. ft. of living area.
There is 1 home under contract at this time in the Murano subdivision of Palm City, FL. This home was listed for $337,000 or $122.95 per sq. ft. of living area.  This offer was accepted for this home 108 days after being listed.
In the past year, 8 homes have sold in Murano with sales prices ranging from $259,000 to $329,000 for an average sales price of $301,000 which equals $133.38 per sq. ft. of living area.  The average days on market before going under contract was 35 and the list to sales price ratio was 97%..
Murano Homes in Palm City FLConveniently 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 schools, shopping and Florida’s Turnpike for commuters. There is a community pool and low HOA fees of approximately $123 per month (as of July 2017).

There may be a few new D. R. Horton homes available for sale, but this community is just about sold out so call us for details.

  • For the D.R. Horton homes, highlights include:
  • Choice of 5 NEW Floor plans
  • GE Appliance Package
  • Various home sites available including lakefront
  • Community Swimming Pool and Cabana
  • Top Rated Palm City Schools
  • Easy commute via I-95 or Florida Turnpike
  • Close proximity to area recreation including beaches, parks, boating, fishing and all types of water sports
  • Shopping, entertainment and restaurants are all nearby.

Murano Homes in palm City Florida

  Search here for:

Murano Homes for Sale

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

Murano Homes July 2017 Housing Market Report

 

Palm City FL 34990 Condo Market Report May 2017

06.18.17 by

Palm City FL 34990 Condo Market Report May 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for May 2017

 

For May 2017 in the 34990 Zip Code area of Palm City, Florida :



There are currently 76 active condo listings. (Decreased by 10 condos from April)

   Palm City FL 34990 Condo Market Report May 2017

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

Palm City FL 34990 Condo Market Report May 2017

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

Palm City FL 34990 Condo Market Report May 2017

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Market activity remains pretty slow for Palm City condos and remains a difficult market for sellers.  (Though a good part of this difficulty comes from two equity golf club communities.)

The current absorption rate for condos in the 34990 zip code area jumped to 19 months (was 10.8 months in May).  A strong buyers’ market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The May 2016 numbers were: 62 active listings, 13 pending sales and 7 closed sales.   Better volume on lower inventory from last year.
Palm City FL 34990 Condo Market Report May 2017

Stuart Florida Real Estate presented by:
Gabe Sanders

 

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report May 2017

Palm City FL 34990 Residential Market Report May 2017

06.17.17 by

Palm City FL 34990 Residential Market Report May 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for May 2017

For May 2017 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 381 active listings (Decreased by 22 homes from March)

Palm City FL 34990 Residential Market Report May 2017

174 Residential sales are pending and awaiting close or lender approval. (Down by 17 homes from last month)

Palm City FL 34990 Residential Market Report May 2017

129 Homes Sold in March (Up by 49 homes from March)

Palm City FL 34990 Residential Market Report May 2017

The Palm City FL, zip code 34990 residential real estate market had a large jump in closed sales for the month of May along with a decrease in pending sales and inventory.
The monthly absorption rate decreased to 3.0 months from 5.0 months in March.  A more extreme sellers’ market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The May 2016 numbers were:  377 active listings, 162 pending sales and 84 closed sales.  Stronger pending numbers this year with a larger inventory and similar sales activity.

Palm City FL 34990 Residential Market Report May 2017

 Search here for Palm City Florida Real Estate for Sale:

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

Palm City FL 34990 Residential Market Report May 2017

Palm City FL 34990 Condo Market Report April 2017

05.18.17 by

Palm City FL 34990 Condo Market Report April 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for April 2017

For April 2017 in the 34990 Zip Code area of Palm City, Florida :



There are currently 86 active condo listings. (Decreased by 9 condos from March)

   Palm City FL 34990 Condo Market Report April 2017

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

Palm City FL 34990 Condo Market Report April 2017

8 Condos Sold in April. (Up by 4 condos from March)

Palm City FL 34990 Condo Market Report April 2017

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For April of 2017 closed sales increased and pending sales remained close to last month while the inventory decreased.

The current absorption rate for condos in the 34990 zip code area dropped to 10.8 months (was 23.8 months in April). Still a buyers’ market for Palm City condominiums, but trending towards a more balanced market.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The April 2016 numbers were: 65 active listings, 12 pending sales and 8 closed sales.   Very similar closed activity and less pending activity this year but with a larger inventory.
Palm City FL 34990 Condo Market Report April 2017

Stuart Florida Real Estate presented by:
Gabe Sanders

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report April 2017

Palm City FL 34990 Residential Market Report April 2017

05.17.17 by

Palm City FL 34990 Residential Market Report April 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for April 2017

For April 2017 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 403 active listings (Increased by 46 homes from March)

Palm City FL 34990 Residential Market Report April 2017

191 Residential sales are pending and awaiting close or lender approval. (Up by 26 homes from last month)

Palm City FL 34990 Residential Market Report April 2017

80 Homes Sold in March (Down by 1 homes from March)

Palm City FL 34990 Residential Market Report April 2017

The Palm City FL, zip code 34990 residential real estate market continues with strong activity with excellent closed and pending sales volume.
The monthly absorption rate decreased to 5.0 months from 5.3 months in March.  Continuing as a sellers’ market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The April 2016 numbers were:  375 active listings, 175 pending sales and 84 closed sales.  Stronger pending numbers this year with a larger inventory and similar sales activity.

Palm City FL 34990 Residential Market Report April 2017

 Search here for Palm City Florida Real Estate for Sale:

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

Palm City FL 34990 Residential Market Report April 2017