Palm City FL 34990 Condo Market Report March 2017

Palm City FL 34990 Condo Market Report March 2017

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

 

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



There are currently 95 active condo listings. (Increased by 3 condos from February)

   Palm City FL 34990 Condo Market Report March 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 March 2017

4 Condos Sold in March. (Down by 2 condos from February)

Palm City FL 34990 Condo Market Report March 2017

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For March of 2017 activity decreased for both pending and closed sales and there’s quite a lot of room for improvement in this segment of the Martin County condo market.

The current absorption rate for condos in the 34990 zip code area jumped to 23.8 months (was 15.3 months in March). A very strong buyers’ market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The March 2016 numbers were: 65 active listings, 15 pending sales and 4 closed sales.   Similar activity this year but with a much larger inventory.
Palm City FL 34990 Condo Market Report March 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 March 2017

Palm City FL 34990 Residential Market Report March 2017

Palm City FL 34990 Residential Market Report March 2017

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

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

 

There are currently 449 active listings (Increased by 4 homes from February)

Palm City FL 34990 Residential Market Report March 2017

165 Residential sales are pending and awaiting close or lender approval. (Up by 30 homes from last month)

Palm City FL 34990 Residential Market Report March 2017

81 Homes Sold in February (Up by 25 homes from February)

Palm City FL 34990 Residential Market Report March 2017

The Palm City FL, zip code 34990 residential real estate market was very strong for March of 2017 going back into a sellers market and also with a good increase in pending sales for future activity.
The monthly absorption rate dropped to 5.3 months from 7.9 months in February.  Back into 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 March 2016 numbers were:  399 active listings, 179 pending sales and 80 closed sales.  Very similar activity to last March with a slightly lower pending volume and greater inventory.

Palm City FL 34990 Residential Market Report March 2017

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Palm City FL 34990 Residential Market Report March 2017

Palm City FL 34990 Condo Market Report February 2017

Palm City FL 34990 Condo Market Report February 2017

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

 

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



There are currently 92 active condo listings. (Increased by 1 condos from January)

   Palm City FL 34990 Condo Market Report February 2017

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

Palm City FL 34990 Condo Market Report February 2017

6 Condos Sold in February. (Up by 1 condos from January)

Palm City FL 34990 Condo Market Report February 2017

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Activity was very similar to last month with small gains in pending and closed sales.

The current absorption rate for condos in the 34990 zip code area decreased to 15.3 months (was 18.5 months in February). Still a buyers’ market for Palm City condominiums but trending in the right direction.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The February 2016 numbers were: 65 active listings, 15 pending sales and 6 closed sales.   Similar activity this year but with a much larger inventory.
Palm City FL 34990 Condo Market Report February 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 February 2017

Palm City FL 34990 Residential Market Report February 2017

Palm City FL 34990 Residential Market Report February 2017

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

 

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

 

There are currently 445 active listings (Increased by 24 homes from January)

Palm City FL 34990 Residential Market Report February 2017

135 Residential sales are pending and awaiting close or lender approval. (Up by 10 homes from last month)

Palm City FL 34990 Residential Market Report February 2017

56 Homes Sold in January (Up by 4 homes from January)

Palm City FL 34990 Residential Market Report February 2017

The Palm City FL, zip code 34990 residential real estate market continues to have more homes on the market and it appears that both pending and closed sales are also increasing.
The monthly absorption rate decreased to 7.9 months from 8.1 months in January.  Still in a buyers’ market for the Palm City zip code 34990 area for residential sales, but with the strong number of pending sales, I expect a balanced market in the next month or so.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The February 2016 numbers were:  415 active listings, 152 pending sales and 56 closed sales.  Similar activity as compared to last year but with greater inventory this year.

Palm City FL 34990 Residential Market Report February 2017

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Palm Cove Golf and Yacht Club March 2017 Market Update

Palm Cove Golf and Yacht Club March 2017 Market Update

There are currently 13 homes actively listed in Palm Cove Yacht and Golf Cub for March 2017 in Palm City, Florida.  List prices range from a low of $270,000 up to the highest which is a waterfront home for $1,999,999.  The average list price is $830,792 which works out to $218.37 per square foot of living area.

There are homes currently under contract in the Palm Cove community of palm City as of March 2017.  List prices ranged from $459,000 up to $836,000 for an average list price of $661,633 which equals $176.61 per square foot of living area.  These homes averaged 88 days on the market before going under contract.

In the past 12 months, 10 homes have sold in Palm Cove Yacht and Golf Cub with sales prices from $205,000 up to $899,000 for an average sales price of $564,025 or $170.37 per square foot of living area.  These homes were on the market for an average of 87 days prior to going under contract and sales prices averaged at 96% of the list price

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 March 2017 Market Update

Danforth in Palm City February 2017 Market Report

Danforth in Palm City February 2017 Market Report

As of February, 2017:

There are currently 2 active listings for sale in Danforth.  The list prices for these Danforth homes are $424,500 and $475,000 for an average list price of $449,750 or $173.54 per sq. ft. of living area.

3 homes are currently under contract.  The list prices of these pending sales range from $349,500 up to $450,000 with the average being $388,000 which equates to an average price per sq. ft. of living area of $171.00.  These 3 homes averaged 98 day on the market before going under contract.

In the past 12 months 18 homes have sold in Danforth.  The sales prices ranged from $$300,000 up  to $450,000.  The average sales price was $382,981 or $159.40 per sq. ft. of living area.  These sold listings averaged 44 days on the market before going under contract and sold at 97% of the list price.

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.

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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 February 2017 Market Report

Palm City FL 34990 Condo Market Report January 2017

Palm City FL 34990 Condo Market Report January 2017

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

 

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



There are currently 91 active condo listings. (Increased by 5 condos from December)

   Palm City FL 34990 Condo Market Report January 2017

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

Palm City FL 34990 Condo Market Report January 2017

5 Condos Sold in January. (Up by 1 condos from December)

Palm City FL 34990 Condo Market Report January 2017

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  The inventory continues to rise while closed and pending sales are basically holding steady.

The current absorption rate for condos in the 34990 zip code area decreased to 18.5 months (was 21.5 months in January). Still an extreme buyers’ market for Palm City condominiums but trending in the right direction.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The January 2016 numbers were: 64 active listings, 9 pending sales and 2 closed sales.   Better closed sales numbers this year, but this is with a considerable increase in inventory.
Palm City FL 34990 Condo Market Report January 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 January 2017

Palm City FL 34990 Residential Market Report January 2017

Palm City FL 34990 Residential Market Report January 2017

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

 

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

 

There are currently 421 active listings (Increased by 5 homes from December)

Palm City FL 34990 Residential Market Report January 2017

125 Residential sales are pending and awaiting close or lender approval. (Up by 32 homes from last month)

Palm City FL 34990 Residential Market Report January 2017

52 Homes Sold in December (Down by 13 homes from December)

Palm City FL 34990 Residential Market Report January 2017

The Palm City FL, zip code 34990 residential real estate market had a small increase in inventory and very strong pending sales numbers which should result in a higher sales volume on the coming months.  Closed sales were off for the month.
The monthly absorption rate increased to 8.1 months from 6.4 months in December.  Back into a buyers’ 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 January 2016 numbers were:  400 active listings, 156 pending sales and 49 closed sales.  Just a small increase in sales when compared to last year with fewer pending sales and a greater inventory.

Palm City FL 34990 Residential Market Report January 2017

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Palm City Florida Real Estate presented by:
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Palm City FL 34990 Residential Market Report January 2017

Murano Homes January 2017 Housing Market Report

Murano Homes January 2017 Housing Market Report

Palm City Florida Real Estate

Murano in Palm City Florida
There are currently 5 homes on the MLS in Murano with prices ranging from $299,900 to $379,900. This equals an average list price of  $337,900 or $133.67 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 $329,999 or $131.68 per sq. ft. of living area.  An offer was accepted for this home only 6 days after being listed.
In the past year, 12 homes have sold in Murano with sales prices ranging from $259,000 to $315,000 for an average sales price of $288,563 which equals $128.21 per sq. ft. of living area.  The average days on market before going under contract was 63 and the list to sales price ratio was 95%..
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 $65 per month (as of this writing).

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.

We are very excited to be able to offer some special promotional packages not available directly from the builder.

 Murano Homes in palm City Florida

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Murano Homes for Sale

Palm City Florida Real Estate is presented by:
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Murano Homes January 2017 Housing Market Report

 

Palm City FL 34990 Condo Market Report December 2016

Palm City FL 34990 Condo Market Report December 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for December 2016

 

For December 2016 in the 34990 Zip Code area of Palm City, Florida :



There are currently 86 active condo listings. (Increased by 6 condos from November)

   Palm City FL 34990 Condo Market Report December 2016

8 Condo sales are pending and awaiting close or lender approval. (Down by 3 condos from last month)

Palm City FL 34990 Condo Market Report December 2016

4 Condos Sold in December. (Up by 1 condos from November)

Palm City FL 34990 Condo Market Report December 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  The inventory has risen considerably in the past few months while pending and closed sales have not kept pace.

The current absorption rate for condos in the 34990 zip code area jumped up to 21.5 months (was 40 months in December). Still an extreme buyers’ market for Palm City condominiums but trending in the right direction.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The December 2015 numbers were: 52 active listings, 9 pending sales and 4 closed sales.   Very similar closed and pending sales volume, though at a considerably greater inventory, so by percentage the activity is greatly reduced for this year.
Palm City FL 34990 Condo Market Report December 2016

Stuart Florida Real Estate presented by:
Gabe Sanders

 

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report December 2016

Palm City FL 34990 Residential Market Report December 2016

Palm City FL 34990 Residential Market Report December 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for December 2016

For December 2016 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 416 active listings (Decreased by 16 homes from November)

Palm City FL 34990 Residential Market Report December 2016

 92 Residential sales are pending and awaiting close or lender approval. (Down by 9 homes from last month)

Palm City FL 34990 Residential Market Report December 2016

65 Homes Sold in November (Up by 13 homes from November)

Palm City FL 34990 Residential Market Report December 2016

The Palm City FL, zip code 34990 residential real estate market had a drop in inventory after two months of increases.  Closed sales were up strongly for December from last month, while pending sales saw a decline.
The monthly absorption rate decreased to 6.4 months from 8.3 months in November.  Back into a balanced 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 December 2015 numbers were:  375 active listings, 114 pending sales and 60 closed sales.  With higher inventory this year, there are fewer closed sales and a little improved closed sales numbers.

Palm City FL 34990 Residential Market Report December 2016

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Palm City Florida Real Estate presented by:
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Palm City FL 34990 Residential Market Report December 2016

Copperleaf January 2017 Market Report

Copperleaf January 2017 Market Report

There are currently 2 homes listed in Copperleaf in Palm City, Florida.  List prices are $605,735 and $899,000, for an average list price of $752,368 which equals $177.76 per square foot of living area.

There are 6 homes under contract awaiting closing.  The list prices are from $339,900 up to $536,075 which averages to a $440,813 list price and $162.91 per square foot of living area. These homes averaged 92 days on market before accepting these offers.

In the past 12 months, 15 homes have sold in Copperleaf with an average sales price of $549,633 at $176.21 per square foot of living area and at 98% list to sales price ratio.  The lowest sales price was $325,000 while the highest was $1,184,993.  These homes went under contract in an average of 75 days.

 Copperleaf January 2017 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 January 2017 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 January 2017 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 January 2017 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 January 2017 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

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

Copperleaf January 2017 Market Report

 

Palm City FL 34990 Condo Market Report November 2016

Palm City FL 34990 Condo Market Report November 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for November 2016

For November 2016 in the 34990 Zip Code area of Palm City, Florida :



There are currently 80 active condo listings. (Increased by 4 condos from October)

   Palm City FL 34990 Condo Market Report November 2016

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 November 2016

3 Condos Sold in November. (Down by 2 condos from October)

Palm City FL 34990 Condo Market Report November 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. Inventory has continued to rise while for this month sales were off making for a pretty strong buyers market.  The bright note is an improved pending sales volume.

The current absorption rate for condos in the 34990 zip code area jumped up to 40 months (was 15.2 months in November). Currently 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 November 2015 numbers were: 53 active listings, 8 pending sales and 8 closed sales.   Only the pending sales activity is improved when comparing last year’s activity.
Palm City FL 34990 Condo Market Report November 2016

Stuart Florida Real Estate presented by:
Gabe Sanders

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report November 2016

Palm City FL 34990 Residential Market Report November 2016

Palm City FL 34990 Residential Market Report November 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for November 2016

For November 2016 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 430 active listings (Increased by 30 homes from October)

Palm City FL 34990 Residential Market Report November 2016

 101 Residential sales are pending and awaiting close or lender approval. (Down by 13 homes from last month)

Palm City FL 34990 Residential Market Report November 2016

52 Homes Sold in October (Down by 3 homes from October)

Palm City FL 34990 Residential Market Report November 2016

The Palm City FL, zip code 34990 residential real estate market has had two months of increased inventory without an accompanying increase in either pending or closed sales.  This may only be a seasonal phenomena and we will wait to see if sales activity picks up as we head into the winter season.
The monthly absorption rate increased to 8.3 months from 7.3 months in October.  More into a buyers 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 November 2015 numbers were:  389 active listings, 122 pending sales and 47 closed sales.  Better closed sales volume but not as strong with the pending sales.  Considerably higher inventory for this year.

Palm City FL 34990 Residential Market Report November 2016

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Palm City Florida Real Estate presented by:
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Palm City FL 34990 Residential Market Report November 2016

Palm City FL 34990 Condo Market Report October 2016

Palm City FL 34990 Condo Market Report October 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for October 2016

 

For October 2016 in the 34990 Zip Code area of Palm City, Florida :



There are currently 76 active condo listings. (Increased by 5 condos from September)

   Palm City FL 34990 Condo Market Report October 2016

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

Palm City FL 34990 Condo Market Report October 2016

5 Condos Sold in October. (Up by 1 condos from September)

Palm City FL 34990 Condo Market Report October 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. Inventory has been rising for a few months now and closed sales are not increasing enough to offset this increase even though it has increased.

The current absorption rate for condos in the 34990 zip code area dropped to 15.2 months (was 17.8 months in October). Remaining 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 October 2015 numbers were: 54 active listings, 10 pending sales and 3 closed sales.   A little more closed activity this year, but this is with a significantly greater inventory of active condos listed for sale.
Palm City FL 34990 Condo Market Report October 2016

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 2016

Palm City FL 34990 Residential Market Report October 2016

Palm City FL 34990 Residential Market Report October 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for October 2016

 

For October 2016 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 400 active listings (Increased by 23 homes from September)

Palm City FL 34990 Residential Market Report October 2016

 114 Residential sales are pending and awaiting close or lender approval. (Down by 7 homes from last month)

Palm City FL 34990 Residential Market Report October 2016

55 Homes Sold in September (Up by 1 homes from September)

Palm City FL 34990 Residential Market Report October 2016

The Palm City FL, zip code 34990 residential real estate market activity is showing some weakness going into a buyers market for the first time in years.  Inventory is up above last year while sales and ending sales have decreased.
The monthly absorption rate increased to to 7.3 months from 7 months in September.  Now a buyers market for the first time in a few years 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 2015 numbers were:  377 active listings, 137 pending sales and 58 closed sales.  This is the second month with weaker activity for this year as compared to last year.

Palm City FL 34990 Residential Market Report October 2016

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Palm City Florida Real Estate presented by:
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Palm City FL 34990 Residential Market Report October 2016

Palm City FL 34990 Condo Market Report September 2016

Palm City FL 34990 Condo Market Report September 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for September 2016

For September 2016 in the 34990 Zip Code area of Palm City, Florida :



There are currently 71 active condo listings. (Increased by 10 condos from August)

   Palm City FL 34990 Condo Market Report September 2016

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

Palm City FL 34990 Condo Market Report September 2016

4 Condos Sold in September. (Up by 3 condos from August)

Palm City FL 34990 Condo Market Report September 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. Inventory has been rising for a few months now and closed sales are not increasing enough to offset this increase.  We should have an increase in sales later this year or in the beginning of next year as we enter the condo season.

The current absorption rate for condos in the 34990 zip code area dropped to 17.8 months (was 61 months in September). Remaining 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 September 2015 numbers were: 52 active listings, 8 pending sales and 3 closed sales.   There’s significantly more inventory this year and only slightly higher closed and pending activity.
Palm City FL 34990 Condo Market Report September 2016

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Palm City Florida Real Estate presented by:
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Palm City FL 34990 Condo Market Report September 2016

Palm City FL 34990 Residential Market Report September 2016

Palm City FL 34990 Residential Market Report September 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for September 2016

For September 2016 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 377 active listings (Decreased by 14 homes from August)

Palm City FL 34990 Residential Market Report September 2016

 121 Residential sales are pending and awaiting close or lender approval. (Up by 5 homes from last month)

Palm City FL 34990 Residential Market Report September 2016

54 Homes Sold in August (Down by 14 homes from August)

Palm City FL 34990 Residential Market Report September 2016

The Palm City FL, zip code 34990 residential real estate market activity eased again for September.  Closed sales were off while pending sales increased slightly.  The inventory also decreased which is just the opposite of whats been happening this month in the Stuart markets.
The monthly absorption rate increased to to 7 months from 5.8 months in August.  Drifting towards a buyers market for the first time in a few years 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 2015 numbers were:  365 active listings, 155 pending sales and 60 closed sales.  Better activity last year.  Hopefully this is just a monthly phenomenon and we’ll increase our Palm City single family home sales in the coming months.

Palm City FL 34990 Residential Market Report September 2016

 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 2016

Palm City FL 34990 Condo Market Report August 2016

Palm City FL 34990 Condo Market Report August 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for August 2016

For August 2016 in the 34990 Zip Code area of Palm City, Florida :



There are currently 61 active condo listings. (Increased by 1 condos from July)

   Palm City FL 34990 Condo Market Report August 2016

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

Palm City FL 34990 Condo Market Report August 2016

1 Condos Sold in August. (Down by 3 condos from July)

Palm City FL 34990 Condo Market Report August 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. Tere was only one closed sale for last month while pending sales remained almost unchanged and inventory rose slightly.

The current absorption rate for condos in the 34990 zip code area continued to rise, now at 61 months (was 20 months in August).   A very strong buyers’ market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The August 2015 numbers were: 52 active listings, 8 pending sales and 5 closed sales.   Slightly higher inventory and not as active for closed sales this year as compared to last August.
Palm City FL 34990 Condo Market Report August 2016

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Palm City FL 34990 Condo Market Report August 2016

Palm City FL 34990 Residential Market Report August 2016

Palm City FL 34990 Residential Market Report August 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for August 2016

For August 2016 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 391 active listings (Increased by 8 homes from July)

Palm City FL 34990 Residential Market Report August 2016

 116 Residential sales are pending and awaiting close or lender approval. (Down by 4 homes from last month)

Palm City FL 34990 Residential Market Report August 2016

68 Homes Sold in July (Down by 15 homes from July)

Palm City FL 34990 Residential Market Report August 2016

The Palm City FL, zip code 34990 residential real estate market activity eased a bit from last month.  Both closed and pending sales are off for the month.  Though, we’re still in a sellers market for Palm City.
The monthly absorption rate increased to to 5.8 months from 4.6 months in July.  Drifting towards a balanced 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 2015 numbers were:  355 active listings, 155 pending sales and 74 closed sales. Our inventory is considerably higher this year, but the sales activity has slowed considerably and is less than that for the August 2015 time period.

Palm City FL 34990 Residential Market Report August 2016

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

Palm City FL 34990 Residential Market Report August 2016