Palm City, FL Real Estate News

By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Palm City FL 34990 Residential Market Report May 2018  PALM CITY REAL ESTATE Snapshot for ZIP Code 34990, Residential Sales for May 2018 For May 2018 in the 34990 Zip Code area of Palm City Florida :  There are currently 340 active listings (Decreased by 24 homes from April) 176 Residential sales are pending and awaiting close or lender approval. (Down by 17 homes from last month) 106 Homes Sold in April (Up by 42 homes from April) The Palm City FL, zip code 34990 residential real estate market continues to lose inventory at a fairly rapid rate.  This will make it difficult to sustain strong sales volume for the near future while this lasts.  For May, we had strong pending as well as closed sales volume.   The monthly absorption rate plunged to 3.2 months from 5.7 months in April.  Sti...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Carriage Hill Condos of Palm Cove June 2018 Market ReportThere are no Carriage Hill condos available to purchase in the Palm Cove Golf and Yacht Club in Palm City, FL in mid-June 2018.There are also no condos currently under contract.In the past 12 months, 3 condos have been sold.  The sales prices ranged from $250,000 up to $269,000 which is an average sales price of $259,667 or $130.45 per sq. ft. of living area.  These condos were on the market for an average of 156 days before going under contract and sold for 96% of list price.About the Carriage Hill Condos of Palm Cove There are only 14 exclusive condos in the Carriage Hill section of the Palm Cove Golf and Yacht Club.  There are two buildings.  The first was built in 1991 and consists of both 3 bedroom and 2 bedroom units with fr...
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By Melissa Conrad, REALTOR®, Florida Real Estate Broker-Associate
(Florida Sun and Surf Realty Group)
Are you looking for a home with a spacious family room and a screened pool in the backyard, located in a peaceful community with access to good schools? If you do, then you might want to consider buying a property in Palm City, FL. A coastal town in Martin County, Florida, Palm City is part of the Port St. Lucie metropolitan area and is the 115th largest community in the state. If you are buying a home in Florida, this city is a great place for you to consider not just because of its low crime rate and access to good schools but also because of the quality of properties that you can find here. It has just about everything that families look for when choosing a good location for their new home.Community Palm City has a population of at least 24,000 and is predominantly a white-collar tow...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Palm City FL 34990 Condo Market Report April 2018 Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for April 2018 For April 2018 in the 34990 Zip Code area of Palm City, Florida : There are currently 88 active condo listings. (Decreased by 8 condos from March)    15 Condo sales are pending and awaiting close or lender approval. (Up by 3 condos from last month) 7 Condos Sold in April. (Down by 2 condos from March) The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For April there was an improvement pending sales while closed sales were down by 2 condos.  The Palm City condo market is hampered by two equity golf course communities with slow sales in the current environment. The current absorption rate for condos in ...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Palm City FL 34990 Residential Market Report April 2018 Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for April 2018 For April 2018 in the 34990 Zip Code area of Palm City Florida :  There are currently 364 active listings (Decreased by 27 homes from March) 193 Residential sales are pending and awaiting close or lender approval. (Up by 22 homes from last month) 64 Homes Sold in March (Down by 17 homes from March) The Palm City FL, zip code 34990 residential real estate market is going to have an issue maintaining good momentum if the inventory continues to drop as it has the past few months.  Pending sales remain very strong even as closed sales were off from last month. The monthly absorption rate rose to 5.7 months from 4.8 months in March.  Still a slight selle...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Hideaway Isles April 2018 Market ReportAs of April 2018, there were 3 homes for sale in Hideaway Isles in Palm City FL.  These homes are listed from $240,000 up to $775,000 for an average list price of $554,667 which equals $215.03 per sq. ft. of living area.There are no homes under contract at this time.In the past 12 months, 6 Hideaway Isles homes have sold.  Sales prices ranged from $344,000 up to $900,000 for an average sales price of $605,583 which works out to $213.99 per sq. ft. of living area.  These homes sold for an average of 94% of listing price and went under contract in an average of 39 days after being listed.About Hideaway Isles in Palm City FL Hideaway Isles is a community of a variety of homes where you will surely find something to suit your needs!  Homes range in siz...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Palm City FL 34990 Condo Market Report March 2018 Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for March 2018 For March 2018 in the 34990 Zip Code area of Palm City, Florida : There are currently 96 active condo listings. (Decreased by 7 condos from February)    12 Condo sales are pending and awaiting close or lender approval. (Up by 2 condos from last month) 9 Condos Sold in March. (Up by 5 condos from February) The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For March there was improvement for both closed and pending sales.  The Palm City condo market is hampered by two equity golf course communities with slow sales in the current environment. The current absorption rate for condos in the 34990 zip code a...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Palm City FL 34990 Residential Market Report March 2018 Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for March 2018 For March 2018 in the 34990 Zip Code area of Palm City Florida :  There are currently 391 active listings (Decreased by 24 homes from February) 171 Residential sales are pending and awaiting close or lender approval. (Up by 27 homes from last month) 81 Homes Sold in February (Up by 26 homes from February) The Palm City FL, zip code 34990 residential real estate market eboundedbig time for March with increased pending and closed sales. The monthly absorption rate dropped to 4.8 months from 7.5 months in February.  Returning to a seller’s market for the Palm City zip code 34990 area for residential sales, though trending back towards a balanced market...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Orchid Bay Palm City FL April 2018 Market ReportThere are currently 4 homes listed for sale in Orchid Bay.  List prices ranged from $467,000 up to $599,000 for an average list price of $541,225 which is $226.65 per sq. ft. of living area. Only 1 home is currently under contract and awaiting sale.  The list price was $530,000 or $202.60 per sq. ft. of living area. This home was on the market for 130 before going under contract. In the past 12 months, 6 homes have sold in Orchid Bay.  Sales prices ranged from $375,000 up to $585,000 for an average sold price $473,343 which works out to $164.42 per sq. ft. of living area.  These 6 homes averaged 90 days on the market before the sellers accepted an offer and sold for an average of 96% of the listed price. About Orchid Bay in Palm City: Abou...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Hidden River in Palm City FL April 2018 Market ReportThere are no active listing in Hidden River in Palm City for early April 2018.There are also no homes under contract at this time in the Hidden River communityIn the past 12 months, only 31 homes have sold in Hidden River.  The sales prices ranged from $545,000 up to $1,022,500 for an average sales price of $751,583.  This works out to $281.04 per sq. ft. of living area.  These sales prices averaged 98% of the list price and went under contract in an average of 38 days of being listed.About Hidden River in Palm City FLThis is a waterfront community in Palm City FL located on either Bessey Creek or Hidden River with ocean access through the North Fork of the Saint Lucie River.  Most homes in this community have excellent water depth an...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Cobblestone Country Club March 2018 Market ReportFor March 2018 there are 6 homes for sale in the Cobblestone Country Club of Palm City, FL.  List prices range from $499,000 up to $850,000. The average list price equals $604,422 which is $195.61 per sq. ft. of living area.There are 2 homes under contract and awaiting sale.  List prices are $544,900 and $709,000 which is an average list price of $626,950 or $194.10 per sq. ft. of living area.   These homes were on the market for an average of 100 days before going under contract.In the past 12 months, 13 homes have sold in the Cobblestone Country Club.  Sale prices ranged from $373,000 up to $650,000 for an average sale price of $512,731 which equals $160.50 per sq. ft. of living area. These homes sold for an average of 95% of list price...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Lake Grove March 2018 Market ReportThere are currently 3 homes for sale in Lake Grove of Palm City, FL. List prices range from $519,900 up to $620,000. The average list price equals $574,133 which is $194.24 per sq. ft. of living area.There are 2 homes currently under contract in Lake Grove.  List prices were $519,900 and $579,900 for an average list price of $549,900 which works out to $184.37 per sq. ft. of living area.  These homes averaged 127 days on the market prior to going under contract.In the past 12 months, 5 homes have sold in the Lake Grove. Sale prices ranged from $439,990 up to $615,000with an average sale price of $515,578 or $171.88 per sq. ft. of living area.  These homes averaged 92 days on market prior to accepting these sales offers and sold for an average of 95% of...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Palm City FL 34990 Condo Market Report February 2018 Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for February 2018 For February 2018 in the 34990 Zip Code area of Palm City, Florida : There are currently 103 active condo listings. (Increased by 1 condos from January)    10 Condo sales are pending and awaiting close or lender approval. (Up by 1 condos from last month) 4 Condos Sold in February. (Down by 9 condos from January) The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For February closed sales were off from last month.  Inventory and pending sales showed incrementalimprovements. The current absorption rate for condos in the 34990 zip code area shot up to 25.8 months (was 6.8 months in July).  A very st...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Palm City FL 34990 Residential Market Report February 2018 Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for February 2018 For February 2018 in the 34990 Zip Code area of Palm City Florida :  There are currently 415 active listings (Decreased by 1 homes from January) 144 Residential sales are pending and awaiting close or lender approval. (Up by 31 homes from last month) 55 Homes Sold in January (Down by 7 homes from January) The Palm City FL, zip code 34990 residential real estate market rebounded some from a slow January.  The large increase in pending sales this month should translate into greater closed sales numbers in the coming months. The monthly absorption rate decreased to 7.5 months from 8.7 months in January.  Remaining in a buyer’s market for the Palm...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
The Evergreen Club March 2018 Market ReportThere are 10 homes on the market in the Evergreen Club in late March of 2018.  List prices range from $395,000 up to $650,000 for an average list price of $452,659 or $169.97 per sq. ft. of living space.There are 2 homes under contract.  These homes were listed for $340,000 and $499,500 for an average list price of $419,750 which works out to $161.96 per sq. ft. of living area.  These homes went under contract in an average of 105 days after being listed.In the past 12 months, 20 homes have sold in the Evergreen Club.  Sales prices ranged from $387,500 up to $637,500 for an average sales price of $471,156 which equals $156.74 per sq. ft. of living area.  These homes sold for an average of 96% of list price with an average of 88 days on market.A...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Four Rivers March 2018 Palm City Real Estate Market Report For March 2018, there are 6 homes for sale in Four Rivers in Palm City FL ranging in price from $689,900 to $1,500,000 for an average list price of $1,093,883 or $366.15 per sq. ft. of living area. There are no homes currently under contract.8 homes have sold in the past 12 months in Four Rivers, with the sales prices ranging from $550,000 to $2,000,000 for an average sales price of $990,688 which is $242.89 per sq. ft. of living area.  These homes averaged 292 days on the market before accepting an offer and the sales were for an average at 93% of the list price.About Four Rivers in Palm City FL:Four Rivers is a unique enclave of spacious homes on the banks of the South Fork of the Saint Lucie River.  Ideal for the serious boa...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Palm Cove Golf and Yacht Club March 2018 Market ReportThere are currently 9 properties actively listed in Palm Cove Yacht and Golf Club for March 2018 in Palm City, Florida.  List prices range from a low of $270,000 up to the highest which is a waterfront home for $2,200,000.  The average list price is $832,978 which works out to $211.77 per square foot of living area.There is only 1 home currently under contract in the Palm Cove community of Palm City as of March 2018.  This home was listed for $924,900 or $201.20 per square foot of living area.  This home was on the market for 15 days before going under contract.In the past 12 months, 18 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 $660,124 or $190.61 pe...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Danforth in Palm City February 2018 Market Report As of August 2017: There are currently 3 active listings for sale in Danforth.  The list prices for these Danforth homes are from $399,900 up to $590,000 for an average list price of $463,300 or $159.66 per sq. ft. of living area. 4 homes are currently under contract.  The list prices of these pending sales range from $400,000 up to $449,500 with the average being $425,875 which equates to an average price per sq. ft. of living area of $171.61.  These 4 homes averaged 84 days on the market before going under contract. In the past 12 months, 16 homes have sold in Danforth.  The sales prices ranged from a low of $329,000 up to $482,000.  The average sales price was $422,675 or $165.02 per sq. ft. of living area.  These sold listings avera...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Hunters Creek Palm City February 2018 Market ReportCurrently, for February 2018, there are 3 homes on the market in Hunters Creek in Palm City, FL.  List prices range from $359,000 up to $479,900 for an average list price of $401,300 or $179.28 per sq. ft. of living area.There are no homes currently under contract (pending sale).There have been 4 homes sold in the past 12 months in Hunters Creek.  Sales prices were from $325,000 up to $435,000 for an average sales price of $365,000 which equals $162.21 per sq. ft. of living area.  These homes sold on average of 95% of the last listed price and were under contract on an average 22 days after being listed.About Hunters Creek in Palm City FL:Hunters Creek in Palm City FL is a gated community of 68 homes located off of Mapp Road just north ...
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By Gabe Sanders, Stuart Florida Real Estate
(Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales)
Harbour Pointe Palm City February 2018 Real Estate Market ReportFor February 2018 there are 3 homes for sale in Harbour Pointe.  List prices range from $397,500 up to $510,000 for an average list price of $435,500 or $174.40 per square foot of living area.There are no Harbour Pointe homes currently under contract.12 homes have sold in the past 12 months with sales prices from $340,000 up to  $445,000.  The average sales price was $379,708 which works out to $164.40 per square foot of living area.  These homes sold for an average of 96% list price and averaged 59 days on the market before going under contract.About Harbour Pointe in Palm City FL:Harbour Pointe is a gated community of 120 homes in Palm City Florida.  This small and private community features modern homes with open floor p...
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