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)
River Landing November 2017 Market Report Palm City FL As of November 2017, there are two homes currently on the market in River Landing. List prices are $429,900 and $459,000. This makes for an average asking price of $444,450 which equals $173.33 per sq. ft. of living area. There are no homes currently under contract and awaiting settlement. In the past 12 months, 5 homes have sold in River Landing.  Sales prices ranged from $265,000 up to $450,000.  The average sales price equaled $361,100 which works out to $142.37 per sq. ft. of living area. These homes sold for an average of 97% of the last list price and took an average of 57 days on market until going under contract.  About River Landing in Palm City FL:  One of the little-known gems of the Treasure Coast, River Landing is home...
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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 October 2017 Market ReportThere are currently 2 homes listed for sale in Orchid Bay.  List prices are $574,900 and $589,500 for an average list price of $582,200 which is $205.63 per sq. ft. of living area. 2 homes are currently under contract and awaiting sale.  The list prices are $379,900 and $489,999 which averages to $434,950 for $169.08 per sq. ft. of living area. These three homes averaged 30 days on the market before going under contract. In the past 12 months, 6 homes have sold in Orchid Bay.  Sales prices ranged from $380,055 up to $637,500 for an average sold price $499,759 which works out to $168.36 per sq. ft. of living area.  These 6 homes averaged 94 days on the market before the sellers accepted an offer and sold for an average of 97% of the liste...
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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)
Canopy Creek October 2017 Market ReportThere is currently 1 home for sale in Canopy Creek in Palm City.  This is a new construction home from Kolter Homes.  The list price is $842,380 or $202.35 per sq. ft. of living area.There are two homes currently under contract in Canopy Creek.  List prices were $624,900 and $815,585 for an average list price of $767,875 which works out to $208.11 per sq. ft. of living area.In the past 12 months, 7 Canopy Creek homes have sold.  Sales prices ranged from $624,900 up to $943,925 for an average sales price of $724,799 which is $210.97 per sq. ft. of living area.  These homes averaged 114 days on market prior to going under contract and the sales prices averaged 100% of the list price.About Canopy Creek in Palm City FL:Canopy Creek in Palm City is a be...
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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 Pointe and Palm Isles October 2017 Market Report There is currently only one active listing in Palm Pointe and Palm Isles community of Palm City FL.  The list price for this home is $309,995 which is equal to $144.59 per sq. ft. of living area. At this time, there is 1 home under contract which has not yet finalized.  The list price was $260,000 or $142.86 per sq. ft. of living area.  This home was on the market for 21 days prior to going under contract. 8 homes have sold in the past 12 months.  Sales price ranged from $212,000 to $320,000 with the average sales price of $250,063 which works out to $142.81 per sq. ft. of living area.  These homes were on the market for an average of 45 days prior to going under contract and sold at an average of 96% of list price. About the Palm I...
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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 September 2017 Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for September 2017 For September 2017 in the 34990 Zip Code area of Palm City, Florida : There are currently 68 active condo listings. (Decreased by 5 condos from August)    7 Condo sales are pending and awaiting close or lender approval. (Down by 1 condos from last month) 3 Condos Sold in September. (Down by 5 condos from July) The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Market activity dropped for Palm City condos and remains a difficult market for sellers.  (Though a good part of this difficulty comes from two equity golf club communities.)  Some of this decreased activity may have been caused by Hurric...
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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 September 2017 Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for September 2017 For September 2017 in the 34990 Zip Code area of Palm City Florida :  There are currently 335 active listings (Decreased by 11 homes from August) 108 Residential sales are pending and awaiting close or lender approval. (Down by 20 homes from last month) 43 Homes Sold in August (Down by 52 home from August) The Palm City FL, zip code 34990 residential real estate market remains very active.  For September there was significant reduction in activity.  Some of this decreased activity may have been caused by Hurricane Irma which shut down real estate for a little over a week last month The monthly absorption rate jumped up to 7.8 months from 3.6...
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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)
Oak Ridge Real Estate Market Report September 2017There is currently 1 home available for sale in Oak Ridge in Palm City, FL.  The list price is $485,000 which is $160.49 per sq. ft. of living area.There are no homes under contract and awaiting settlement at this time.17 homes have sold in Oak Ridge in the past 12 months.  Sale prices ranged from $314,000 up to $480,000.  The average sold price was $386,718 which equals $168.18 per sq. ft. of living area.  These homes went under contract in an average of 69 days and sold for 97% of list price.About Oak Ridge in Palm City FL:Located in a quiet tranquil corner of Palm City Florida, the Oak Ridge community of 224 homes is conveniently located close to top rated schools, shopping, I-95 and Florida’s Turnpike, golf courses, cultural activiti...
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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)
Hammock Creek September 2017 Market ReportThere 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 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)
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 ...
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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 August 2017 Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for August 2017   For August 2017 in the 34990 Zip Code area of Palm City, Florida : There are currently 73 active condo listings. (Decreased by 2 condos from July)    8 Condo sales are pending and awaiting close or lender approval. (Down by 1 condos from last month) 8 Condos Sold in August. (Up by 6 condos from July) The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  Market activity improved for Palm City condos but remains a difficult market for sellers.  (Though a good part of this difficulty comes from two equity golf club communities.) The current absorption rate for condos in the 34990 zip code area dropped to...
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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 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 ...
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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)
Rustic Hills Palm City FL September 2017 Real Estate Market ReportThere are currently 5 homes available for sale in Rustic Hills.  Listing prices range from $309,999 up to $394,900 for an average list price of $353,760 which equals $176.99 per sq. ft. of living area. There are 4 homes under contract awaiting finalizing the sale.  List prices ranged from $275,000 up to $349,000 for an average list price $327,100 which is equal to $199.14 per sq. ft. of living area.  This home was on the market for 182 days before going under contract. In the past 12 months, 9 Rustic Hills homes have sold.  Sales prices ranged from $240,000 up to $469,000 for an average sales price of $351,556 which equates to $186.22 per sq. ft. of living area at a 96% sales to list price ratio.  These homes went under c...
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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)
Lighthouse Point and Seagate Harbor Real Estate Market Report September 2017There are currently 12 homes on the market in Lighthouse Point and Seagate Harbor in Palm City, FL.  Listing prices are from a low price of $425,000 to a high of $1,295,000 with an average listing price of $658,180 which equals $305.52 per square foot of living area.There are 4 homes under contract.   The listing prices range from $410,000 up to $689,500 for an average of $503,600 which works out to $282.74 per square foot of living area.  These homes averaged 158 days on market before going under contract.34 homes have sold in Lighthouse Point and Seagate Harbor in the past 12 months.  Sale prices were from $339,000 to $1,105,000 with an average sales price of $592,730 or $279.02 per square foot of living area....
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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)
Gull Harbor August 2017 Market ReportThere is currently 1 home for sale in Gull Harbor in Palm City FL.  This home is listed for $449,900 or $199.78 per sq. ft. of living area.Currently, there are no homes under contract in this community.In the past 12 months, there have been 2 sales in Gull Harbor.  These homes sold for $530,000 and $679,950 which equals an average sales price of $604,975 and works out to $284.42 per sq. ft. of living area.  These sales prices were 98% of the last list price and these homes averaged 106 days on the market before going under contract.About Gull Harbor Real Estate in Palm City FLThe Gull Harbor community of Palm City consists of mostly waterfront homes on the shores of the South Fork of the Saint Lucie River as well as an exceptionally wide and deep can...
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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 August 2017 Market Report As of August 2017: There are currently 6 active listings for sale in Danforth.  The list prices for these Danforth homes are from $384,400 up to $650,000 for an average list price of $470,717 or $180.54 per sq. ft. of living area. 6 homes are currently under contract.  The list prices of these pending sales range from $419,000 up to $495,000 with the average being $438,500 which equates to an average price per sq. ft. of living area of $163.61.  These 6 homes averaged 73 days on the market before going under contract. In the past 12 months, 14 homes have sold in Danforth.  The sales prices ranged from a low of $300,000 up to $474,000.  The average sales price was $395,832 or $160.99 per sq. ft. of living area.  These sold listings average...
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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 August 2017 Market ReportThere are currently 8 properties actively listed in Palm Cove Yacht and Golf Club for August 2017 in Palm City, Florida.  List prices range from a low of $279,000 up to the highest which is a waterfront home for $2,075,000.  The average list price is $931,344 which works out to $223.19 per square foot of living area.There are 2 homes currently under contract in the Palm Cove community of Palm City as of August 2017.  List prices are $360,000 and $689,000 for an average list price of $524,500 which equals $194.58 per square foot of living area.  These homes averaged 76 days on the market before going under contract.In the past 12 months, 17 homes have sold in Palm Cove Yacht and Golf Cub with sales prices from $245,000 up to $1,800,0...
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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)
Highlands Reserve August 2017 Market UpdateThere are currently 17 homes actively listed in Highlands Reserve for August of 2017 in Palm City, Florida.  Prices range from $369,000 up to $1,350,000.  The average list price is $588,307 which equals $169.41 per square foot of living area.There are 2 homes under contract awaiting closing.  These homes were listed for $355,000 and $379,000 for an average list price of $367,000 or $144.09 per sq. ft. of living area.  These homes went under contract in an average of 178 days after they were listed.In the past 12 months, 31 homes have sold in Highlands Reserve with an average sales price of $482,119 at $155.81 per square foot of living area.  Actual sales prices ranged from $330,000 up to $775,000.  These homes averaged 120 days on market and so...
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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 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 m...
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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 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 Cityzip code 34990 area for residential sales.  A 6 to 7 month abs...
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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)
Monarch Country Club Real Estate Market Report July 2017There are currently 10 active listings in the Monarch Country Club in Palm City FL.  List prices range from $250,000 up to $635,000 for an average list price of $437,130 which works out to $180.44 per sq. ft. of living area.There are 2 homes under contract which have not yet closed to date.  List prices were $319,500 and $399,000 for an average of $359,250 or $178.16 per sq. ft. of living area.  These homes were on the market for an average of 29 days before going under contract.In the past year (12 months back), 42 homes have sold in the Monarch Country Club.  Sales prices ranged from a low of $195,000 up to $590,000 for an average sales price of $355,374 or $164.35 per sq. ft. of living area.  These homes sold on average at 95% o...
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