Happy New Year – 2016
St Lucie County November 2015 Market Report
12.31.15 by
St. Lucie County November 2015 Market Report
“I am happy to report that St. Lucie County’s real estate market indicators revealed that we ended November on a positive note! Home seller confidence continued to rise as new listings increased by 15%, and buyers continued to offer on average 96% of original list prices. Earlier in this year, Bloomberg Business stated that Port St. Lucie will be one of the leading cities in the nation to see economic growth in 2016, and we appear to be on track to meet those expectations. On behalf of the REALTORS® of St. Lucie County, I would like to extend ‘Happy Holidays and Happy New Year’ to you and your family. Said Kathy J. Slusser, Northern Vice President of the Realtors® Association of the Palm Beaches (RAPB).
St. Lucie County November 2015 Market Report
Fishermans Village 1/2 Duplex in Stuart Just Listed
12.31.15 by
Fishermans Village 1/2 Duplex in Stuart Just Listed
Brand new on the market from the Gabe Sanders BlueWater realty team. Available for $127,500.
Fishermans Village 1/2 duplex with 2 bedrooms, 1 bath, 1 car garage and storage. Laundry room inside the home with washer and dryer. Very well maintained CBS home located just across the street from the Sable Club, with both a boat ramp and docks available for lease at very reasonable rates ($350/yr for dock and $125/yr for ramp). Fenced yard with well fed sprinklers. Great location close to downtown, schools, beaches, shopping and medical facilities.
Amazing opportunity for the fisherman on a tight budget or for anyone looking for an affordable central Stuart home.
Search for all available Fishermans Village Homes for Sale
Fishermans Village 1/2 Duplex in Stuart Just Listed
Martin County November 2015 Market Report
12.30.15 by
Martin County November 2015 Market Report
“As we have seen throughout the year in our county, property values continue to appreciate, while supply remains low. The median sale price for single family homes is up 13% compared to last November, according to Florida Realtors®, and our months’ supply of inventory is down 21.5% to 4.8 months. Will these trends continue? All indications seem to suggest low supply and higher prices will remain for at least another year. Whether you are buying or selling, seek the expertise of a local REALTOR® who can help you navigate through the unique challenges of Martin County’s real estate market,” said John Slivon, Treasurer of the Realtors® Association of the Palm Beaches (RAPB).
Give us a call if you have any questions or require information about the current real estate market in Martin County.
(772) 323-6996
Martin County November 2015 Market Report
River Village December 2015 Market Report
12.30.15 by
River Village December 2015 Market Report
There is only one River Village Condo available for sale as of late December 2015. The list price for this condo is $359,000 which equals $370.10 per sq. ft. of living area.
There is also one condo under contract that has yet to close. The list price was $249,900 which equals $257.63 per sq. ft. of living area. This condo was on the market for over 200 days prior to accepting this offer.
In the past 12 months, 3 condos have sold in River Village. Sales prices ranged from $229,900 up to $290,000 for an average sales price of $268,633 or $258.78 per sq. ft. of living area. These condos sold for an average of 92% of the last listing price and were on the market for an average of 25 days prior to accepting a contract.
River Village in Indian River Plantation
The River Village condos of Hutchinson Island in the Indian River Plantation complex of Stuart consist of four four story elevator buildings close to the Marriott Resort and full service marina in Indian River Plantation. These units were built in 1980 with most units having views of the Intracoastal Waterway also knows as the Indian River.
There are 64 units all are two bedroom two bath condos of with either 1,068 or 970 sq. ft. of living area. This is a pet friendly building. River Village residents enjoy their own community pool for River Village resident’s exclusive use.
Current condo and management fees are around $1,475 per quarter.
River Village December 2015 Market Report
November 2015 Monthly Market Detail St Lucie County Townhouses and Condos
12.29.15 by
November 2015 Monthly Market Detail St Lucie County Townhouses and Condos
The November 2015 Monthly Market Detail St Lucie County Townhouses and Condos came back strong from a weak October. Closed sales were up 26.1% from last year (was down 5.4% in October) while new sales under contract (new pending sales) increased by 39.0% (was up by 1.8% in October).
The median sales price increased by 12.4% (down 6.1% in October) while the average sales price was u[p by 3.2% (was unchanged in October). After an off October, prices have once again resumed their climb.
The inventory of available townhouses and condos increased by 6 units from last month to 562 units, which is still down from last November by 16.7%. Current supply of inventory remained unchanged from last month’s 5.3 months. This is 19.3% lower than last year. The St Lucie County townhouse and condo market continues as a sellers’ market, though approaching a balanced one. Typically a 6 month inventory is considered a balanced market showing no advantage to either buyers or sellers.
Click here to view or download the full report:
November 2015 Monthly Market Detail St Lucie County Townhouses and Condos
To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.
Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.
November 2015 Monthly Market Detail St Lucie County Townhouses and Condos
Sailfish Cove December 2015 Market Report
12.29.15 by
Sailfish Cove December 2015 Market Report
There are two homes available for sale in Sailfish Cove. The listing prices for these two homes are $1,295,000 and $1,650,000 for an average list price of $1,472,500 or $409.44 per sq. ft. of living area.
There are no homes under contract at this time.
There have been no sales in the past 12 months in Sailfish Cove on Hutchinson Island.
Sailfish Cove on Hutchinson Island
Sailfish Cove is located on Hutchinson Island in Jensen Beach FL. It is also known as Rigels Cove as the name was changed to Sailfish Cove just a little over a year ago. Just a little under a mile to the south of the Jensen Beach Causeway on the shores of the Intracoastal Waterway (also known as the Indian River).
Sailfish Cove was first developed in 1993 and only 11 homes make up this small subdivision with all homes having ocean access waterfront docks. Home sizes range from just under 3,000 sq. ft. of living area up to almost 5,000 sq. ft. HOA fees are approximately $400 a month as of July 2015. These fees include lawn and landscaping, maintenance of the common areas and the gate.
Residents of Sailfish Cove enjoy being in the ‘A’ rated Martin County School System and are just a few minutes from both downtown Jensen Beach as well as historic downtown Stuart FL. Lots of great shopping and amenities close by as well.
Search here for Sailfish Cove (Rigels Cove) Homes for Sale
Sailfish Cove December 2015 Market Report
November 2015 Monthly Market Detail St Lucie County Single Family Homes
12.28.15 by
November 2015 Monthly Market Detail St Lucie County Single Family Homes
November 2015 Monthly Market Detail St Lucie County Single Family Homes had a weak month for closed sales as compared to last year. Closed sales were off by 13.3% (in October they were up by 0.4%) and new sales under contract (new pending sales) decreased by 21.0% (they were down by 26.8% last month).
Inexplicably, the median and average sales prices continue their relentless march higher with increases of 10.8% and 17.2% respectively from last November (For October these numbers were 14.1% and 16.1%).
Active listings increased in November (from last month) by 75 homes to 1,750, though this is still lower than last year’s inventory, but only by 2.5%. The current supply of inventory is 3.7 months (a 0.3% decrease from last year). The Saint Lucie County single family home market remains in a strong sellers market. Hopefully, we will once again see increasing volume of sales as the inventory rises.
Click here to view or download the full report:
November 2015 Monthly Market Detail St Lucie County Single Family Homes
To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.
Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.
November 2015 Monthly Market Detail St Lucie County Single Family Homes
Crane Creek Home in Martin Downs Under Contract
12.28.15 by
Crane Creek Home in Martin Downs Under Contract
Classy contemporary four bedroom pool home perfectly situated on a 1 1/2 acre manicured home-site; beautifully landscaped. Superbly renovated and remodeled under the watchful eye of a meticulous owner. Top of the line everything. Enter through custom stained glass doors and be greeted by soaring ceilings. Hand crafted built-in cabinets throughout. Fabulous kitchen with adjacent climate controlled 650 bottle wine room. Huge master suite with separate den and over-the-top bath. Scenic pool/patio area with summer kitchen to enjoy. Other improvements include new roof, impact windows, custom audio with speakers, wired for included portable generator, Icynene insulation, landscape lighting and golf cart garage. Shows beautifully, a must see for the discerning.
Crane Creek real estate is situated within Martin Downs Country Club. A gated golf course community, Crane Creek has the finest features needed to make the community as upscale and appealing as possible. However, none of this is forced upon you because membership in the country club is optional.
- a spectacular clubhouse
- 2 championship golf courses
- 12 tennis courts
- 2 swimming pools
- a fully equipped fitness center
There is also the opportunity to partake in one of the many other conveniences in place at the country club facility. There are a driving range, chipping area, putting green, practice bunker and rental clubs. The Crane Creek real estate in Martin Downs is made up of marvelous and varied homes with something for everyone. The properties involve a wide selection of architectural style and choices from condominiums to estate homes. The parcels also have as much variation with maintenance free lots and large acreage lots. Within minutes from two of Florida’s major thoroughfares, Florida’s Turnpike and I-95, the location of Crane Creek real estate removes the hassle from commuting. In addition to all of these amenities recent business dealings in the Crane Creek real estate area may bring one more amenity. There is talk of an equestrian facility being placed on site within Martin Downs Country Club. In this part of Florida there is fishing, golf and horses. An equestrian facility would bring horse shows and an increase in revenue for locally owned businesses. Come take a look at all of the extras and all of the expected in this community. Furthermore, contact us today so we can put our knowledgeable and professional expertise to work for you as you look into becoming part of the Crane Creek real estate undertaking.
Crane Creek Home in Martin Downs Under Contract
November 2015 Monthly Market Detail Martin County Townhouses and Condos
12.27.15 by
November 2015 Monthly Market Detail Martin County Townhouses and Condos
November 2015 Monthly Market Detail Martin County Townhouses and Condos is showing weaker closed activity year to year for the second month in a row. Closed sales were down by 18.7% (was down by 5.7% in October) and new sales under contract (new pending sales) were down by 5.7% from November 2014 (decreased by 12.9% in October).
Even though the sales volume is off, prices continue to rise and very strong rates. The median sales price was up by 18.4% (was up by 4.0% in October) while the average sales price increased by 38.2% (was down by 2.2% in October) as compared to November of 2014.
The inventory of available townhouses and condos has increased by 25 units to 398 properties from last month. It’s good to see some increased inventory, though this is still 20.3% below the November 2014 inventory. Currently, there’s a 3.7 month supply of inventory (a 20.3% decrease from last year). Still in a strong sellers market for townhouses and condos for Martin County. We are heading into the slower season for condo sales and I expect to see a little more weakening for our market until after the holidays.
Click here to view or download the full report:
November 2015 Monthly Market Detail Martin County Townhouses and Condos
To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.
Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.
November 2015 Monthly Market Detail Martin County Townhouses and Condos
November 2015 Monthly Market Detail Martin County Single Family Homes
12.26.15 by
November 2015 Monthly Market Detail Martin County Single Family Homes
The November 2015 Monthly Market Detail Martin County Single Family Homes continues to show improvement both annually and monthly. Year to year closed sales were up by 6.5% (was up 13.4% in October). New pending sales increased by 4.9% as compared to November of 2014 (decreased by 19% in October).
Prices continue their upward march. The median sales price was up by 13.0% from last year (up by 15.6% in October) while the average price increased by 30.6% (was up by 12.3% last month). This very strong price trend is a bit troubling as it seems to be at much to high of a pace to be sustainable for the long run. I expect some moderation of these increases in the near future.
The inventory of available single family homes decreased from last month by 33 homes to 1129 units this month, and this is inventory is 10.4% less than last November. Current supply of homes is 4.8 months, for October of this year it was a 4.9 months supply. (This is a 21.5% decrease from last year). The Martin County single family real estate market remains in a sellers market. I was hoping for another month of increasing inventory, but this hasn’t happened. Possibly for December and/or January we’ll have some additional homes for sale.
Click here to view or download the full report:
November 2015 Monthly Market Detail Martin County Single Family Homes
To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.
Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.
November 2015 Monthly Market Detail Martin County Single Family Homes
November 2015 Monthly Market Detail Florida Single Family Homes
12.23.15 by
November 2015 Monthly Market Detail Florida Single Family Homes
The November 2015 Monthly Market Detail Florida Single Family Homes continues to show improved activity from last year though the pace seems to have moderated a bit from recent months. Closed sales were up by 1.9% (was up by 1.2% in October) and new sales under contract (new pending sales) were down by 2.8% (was down by 2.5% in October).
Both median and average sales prices continue to rise ( November 2014 to November 2015) by 13.6% and 9.6% respectively, compared to October’s 12.4% and 6.5%. There seems to be no end to the rise in values, though I would feel more comfortable with a more moderate rate.
The inventory of available homes for sale fell by 5.4% from last year. Some high demand areas of Florida have seen decreasing inventory for a number of months now. For November there was only a 4.5 months supply of inventory, this is a sellers market with the advantage for sellers. (November of 2014 had a 5.3 month supply)
Click here to view or download the full report:
November 2015 Monthly Market Detail Florida Single Family Homes
To view the latest set of reports from Florida Realtors for the state of Florida, Martin County and Saint Lucie County, please visit GabeSanders.com and select Market Data.
Market information is courtesy of Florida Realtors Research. For additional information and historical archives please visit the Florida Realtors Research page.
November 2015 Monthly Market Detail Florida Single Family Homes
Hansons Landing Waterfront Condo Sold in 1 Day
12.23.15 by
Hansons Landing Waterfront Condo Sold in 1 Day
Sold for full price in only one day on the market for $379,000. This Hansons Landing waterfront condo received the highest sale price since 2007. Call the Gabe Sanders BlueWater realty team if you’re looking to get the best possible results for today’s real estate market.
Spectacular waterfront condo with water views from almost every room. This 3 bedroom, 2 bathroom condo has been extensively updated with wood floors, granite counters in the kitchen with newer appliances and cabinets. One covered carport comes with this condo and numerous off street parking spaces are also available. There’s a full sized washer and dryer in the living area. All ages are welcome and one small pet (under 25 lbs.) is allowed. There’s a clubhouse, heated swimming pool, spa, tennis courts and kayak storage for all residents. In addition, for those wanting a true country club lifestyle, memberships are available to the Miles Grant Country Club that is right next door and includes golf, tennis and social activities. Close by the condo is the entrance to the community docks. These docks are all privately owned and individual arrangements would need to be made to lease or purchase a slip.
With all these wonderful amenities, the best part is still the views. It’s almost like being on a very solid yacht. This condo is located at 6142 SE Landing Way in Stuart, FL. Building 9 Suite 1. The list price is $379,000.
About Hansons Landing
Located on 27 acres along the Intracoastal Waterway at the south east tip of Rocky Point is the Hanson’s Landing Condominiums. This complex is adjacent to the Miles Grant Country Club and residents have the option of becoming social or full golf members of the country club.
Condos in Hanson’s Landing range from 2 bedroom, 2 bathroom units of 1,135 sq. ft. of living area up to 1,460 sq. ft. 3 bedroom and 2 bathroom units. A number of condos have covered carports for parking while others have reserved off street spaces along with ample guest parking. The buildings of Hanson’s Landing were built from 1985 to 1996. All condos overlook a lake, canal or Intracoastal Waterway.
Amenities include a heated outdoor swimming pool, tennis courts, horseshoe court, and a club house that hosts social and meeting functions
There is also a community dock with 18 slips that are deeded to condo owners. These docks may be transferred among Hanson’s Landing owners as well as rented to residents. Those looking to manually enjoy the river, there is a kayak/canoe racks for owner to store their personal watercraft.
All ages are welcome here and 1 pet under 25 lbs. is also allowed. For those interested in investing or making these condos pay for themselves, rentals are allowed for a minimum of 3 months at a time for up to two times a year.
As of October 2015, the HOA fees were $304 per month which includes lawn service, basic cable TV, trash removal and maintenance of the exterior of the building and insurance.
Here are the currently available Hanson’s Landing Condos for Sale
Cedar Pointe First Floor Condo Great Price
12.22.15 by
Cedar Pointe First Floor Condo Great New Price
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Cedar Pointe First Floor Condo Great Price
Hobe Sound FL 33455 Condo Market Report November 2015
12.21.15 by
Hobe Sound FL 33455 Condo Market Report November 2015
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for November 2015
For November 2014 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 4 active condo listings. (Unchanged from October)
1 Condos are pending and awaiting close. (Up by 1 condos from October)
1 Condos sold in October (Decreased by 2 condos from October)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. With only 4 actively listed condos, there’s just not that many options out there for buyers. Any one considering selling their Hobe Sound condo, the time couldn’t be better than right now.
The current absorption rate is 4 months (Last month it was 1.3 months). This absorption rate should be taken with a liberal grain of salt, as small changes in activity make for very large changes on percentages that may not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.
The November 2014 numbers were: 9 active listings, 4 pending sales and 4 closed sales. Much better volume last year. But there was over twice the inventory as well.
Search Hobe Sound Condominium Properties by Price
- Condominium Properties for Sale in Hobe Sound, Florida Between $0 – $100,000
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Hobe Sound Florida Real Estate presented by:
Gabe Sanders
Hobe Sound FL 33455 Condo Market Report November 2015
Hobe Sound FL 33455 Residential Market Report November 2015
12.20.15 by
Hobe Sound FL 33455 Residential Market Report November 2015
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for November 2015
For November 2015 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 166 active listings. (Down by 6 homes from October)
75 Residential sales are pending and awaiting close (Up by 7 homes from October)
28 Homes Sold in November (Down by 16 homes from last month)
The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County showed less sale as compared to last month, bur continued strong activity and a very good number of pending sales, indicating strong sales for the near future. After a couple of months of increased inventory, the trend reversed for November.
The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 5.9 months (3.9 months in October). Just shy of a balanced market for November. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.
The numbers for November 2014 were: 243 active listings, 71 pending sales and 20 closed sales. Considerably better activity this year with a much reduced inventory.
Search here for Hobe Sound Florida Real Estate for Sale
Rental Properties
Residential Properties
Vacant Land Properties
- Vacant Land Properties for Sale in Hobe Sound, Florida Between $0 – $100,000
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Commercial Properties
Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team
Hobe Sound FL 33455 Residential Market Report November 2015
Jensen Beach FL 34957 Condo Market Report November 2015
12.19.15 by
Jensen Beach FL 34957 Condo Market Report November 2015
Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for November 2015
For November 2015 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :
There are currently 36 active listings. (Increased by 12 condos from October)
17 Condo sales are pending and awaiting settlement. (Unchanged from October)
2 Condos Sold (Decreased by 2 condos from October)
The Jensen Beach FL 34957 Condo Market Report November 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic. Nice big jump in inventory for the month, bringing us closer to what we had last year. Though, activity this month was pretty weak.
The one month absorption rate for the November 2015, Jensen Beach Florida Market Report ZIP Code 34957 rose to 18 months (from 6 months in October), bringing this segment of the Martin County condo market back into a strong buyers market for the first time in quite a while. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.
The November 2014 numbers were: 38 active listings, 15 pending sales and 4 condos closed. Slightly weaker activity for Jensen Beach condos this year as compared to last.
Jensen Beach Condominium Properties by Price
- Condominium Properties for Sale in Jensen Beach, Florida Between $0 – $100,000
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- Condominium Properties for Sale in Jensen Beach, Florida Between $400,000 – $500,000
- Condominium Properties for Sale in Jensen Beach, Florida Between $500,000 – $600,000
- Condominium Properties for Sale in Jensen Beach, Florida Between $1,500,000 – $1,600,000
Jensen Beach Florida Real Estate presented by:
Gabe Sanders
Jensen Beach FL 34957 Condo Market Report November 2015
Jensen Beach FL 34957 Residential Market Report November 2015
12.18.15 by
Jensen Beach FL 34957 Residential Market Report November 2015
Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for November 2015
For November 2015 in the 34957 Zip Code area of Jensen Beach, Florida :
There are currently 122 active listings. (Up by 3 homes from last month)
70 Residential sales are pending and awaiting close or lender approval. (Up by 22 homes from October)
18 Homes Sold (Decreased by 9 homes from October)
The Jensen Beach FL 34957 Residential Market continues to be a strong market. Closed sales were off some for November, though with the large increase in pending sales, this should indicate strong sales continuing through the holiday season. Also, nice to see some increase in inventory, even if it was just a small bump.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 increased to 6.8 months (was 4.9 months in October). Back into a balanced market for Jensen Beach residential home sales. A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The November 2014 numbers were: 134 active listings, 55 pending sales and 24 home sales closed. Better closed activity last year, though with the greater pending activity for this year, this may soon change.
Search here for Jensen Beach Real Estate for Sale
Rental Properties
Residential Properties
All Residential properties for sale in the 34957 Zip Code area of Jensen Beach FL
Vacant Land Properties
- Vacant Land Properties for Sale in Jensen Beach, Florida Between $0 – $100,000
- Vacant Land Properties for Sale in Jensen Beach, Florida Between $100,000 – $200,000
- Vacant Land Properties for Sale in Jensen Beach, Florida Between $200,000 – $300,000
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- Vacant Land Properties for Sale in Jensen Beach, Florida Between $700,000 – $800,000
- Vacant Land Properties for Sale in Jensen Beach, Florida Between $800,000 – $900,000
- Vacant Land Properties for Sale in Jensen Beach, Florida Between $900,000 – $1,000,000
- Vacant Land Properties for Sale in Jensen Beach, Florida Between $1,400,000 – $1,500,000
Condominium Properties
- Condominium Properties for Sale in Jensen Beach, Florida Between $0 – $100,000
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- Condominium Properties for Sale in Jensen Beach, Florida Between $300,000 – $400,000
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- Condominium Properties for Sale in Jensen Beach, Florida Between $500,000 – $600,000
- Condominium Properties for Sale in Jensen Beach, Florida Between $1,500,000 – $1,600,000
Commercial Properties
- Commercial Properties for Sale in Jensen Beach, Florida Between $0 – $100,000
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- Commercial Properties for Sale in Jensen Beach, Florida Between $2,200,000 – $2,300,000
Jensen Beach Florida Real Estate presented by:
the Gabe Sanders real estate team
Jensen Beach FL 34957 Residential Market Report November 2015
Palm City FL 34990 Condo Market Report November 2015
12.17.15 by
Palm City FL 34990 Condo Market Report November 2015
Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for November 2015
For November 2015 in the 34990 Zip Code area of Palm City, Florida :
There are currently 53 active condo listings. (Decreased by 1 condos from October)
8 Condo sales are pending and awaiting close or lender approval. (Down by 2 pending condos from last month)
8 Condos Sold in November. (Up by 5 condos from October)
The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. For November this segment of our market had a nice jump in closed sales sending us into a balanced market. It would be nice to see this trend continue.
The current absorption rate for condos in the 34990 zip code area plunged to 6.6 months (was 18 months in November). Back into a balanced market for Palm City condos. A balanced market is considered to be an absorption rate of around 6 to 7 months, so this market continues as a strong buyers market.
The November 2014 numbers were: 61 active listings, 11 pending sales and 2 closed sales. Better closed activity this year, with a slightly reduced inventory. Though, pending sales were better last year.
Search for Palm City Condos by Price:
- Condominium Properties for Sale in Palm City, Florida Between $0 – $100,000
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Palm City Florida Real Estate presented by:
Gabe Sanders