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)

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

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

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.

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Palm City FL 34990 Residential Market Report August 2017

Hammock Creek September 2017 Market Report

09.18.17 by Gabe Sanders

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 Gabe Sanders

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

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 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 Gabe Sanders

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)

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

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

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

Search Palm City FL Condos Here

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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 Gabe Sanders

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)

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

96 Homes Sold in June (No change from June)

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.