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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)
Copperleaf July 2017 Real Estate Market ReportThere are currently 3 homes listed in Copperleaf in Palm City, Florida.  List prices are from $439,000 up to $825,000, for an average list price of $571,167 which equals $159.71 per square foot of living area.There are 4 homes under contract awaiting closing.  The list prices are from $425,000 up to $649,000 which averages to a $488,450 list price and $163.41 per square foot of living area. These homes averaged 47 days on market before accepting these offers.In the past 12 months, 24 homes have sold in Copperleaf with an average sales price of $511,303 at $175.48 per square foot of living area and at 97% list to sales price ratio.  The lowest sales price was $333,000 while the highest was $1,184,993.  These homes went under contract in an av...
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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)
Egret Pond July 2017 Real Estate Market ReportAs of July 2017, there are 2 homes on the market in Egret Pond community of the Martin Downs Country Club of Palm City FL with list prices of $215,000 and $234,900 for an average list price of $224,950 which equals $157.17 per square foot of living area.There is 1 home under contract (pending) awaiting their closing. This home was listed for $239,500 which is $139.08 per square foot of living area. This home was on the market for 59 days prior to going under contract.In the past 12 months, 10 homes have sold.  Sales prices ranged from $130,000 to $252,000 for an average sales price of $195,520 which equals $123.70 per square foot of living area.  The average days on market for these sales was 74 days and the average list to sales price was 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)
Canoe Creek Real Estate Market Report July 2017For July 2017 there are 3 homes for sale in Canoe Creek in Palm City.  These homes are listed for sale with prices from $389,000 up to $599,000 for an average list price of $487,633 or $160.35 per sq. ft. of living area.There are 2 homes currently under contract in Canoe Creek in Palm City.  List prices were 359,500 and $409,888 for an average list price of $384,694 or $159.94 per sq. ft. of living area.  These homes averaged 34 days on the market before going under contract.In the past 12 months, only 1 home has sold in Canoe Creek.  This home sold for $450,000 which is $109.12 per sq. ft. of living area.  This home went under contract within 1 day and sold for full list price.About Canoe Creek Real Estate in Palm City:Search for Canoe Cre...
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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)
Pine Ridge Condos in Palm City July 2017 Market ReportThere are 7 condos for sale in Pine Ridge at Martin Downs in Palm City FL for July 2017.  List prices range from $129,500 up to $165,000 for an average list price of $145,806 which is $111.89 per sq. ft. of living area.2 condos are under contract.  List prices were $134,900 and $142,500 for an average of 138,700 which works out to $124.84 per sq. ft. of living area.  These condos averaged 22 days on market before going under contract.In the past 12 months, 24 condos have sold in Pine Ridge.  Sales prices ranged from a low of $75,000 to a high of $159,000 for an average sales price of $123,896 which equals $103.98 per sq. ft. of living area.  These condos sold for an average of 96% of list price and were on the market for an average o...
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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)
Martin Downs Country Club July 2017 Market ReportFor July 2017, there are 15 active listings in the Martin Downs Country Club.  List prices range from $199,900 up to $594,900 for an average list price of $358,887 which works out to $157.71 per sq. ft. of living area.There are 14 homes currently under contract.  List prices were from $215,000 up to $649,000 for an average list price of $334,721 which equals $148.60 per sq. ft. of living area. These homes averaged 49 days on market before going under contract.In the past 12 months, 69 properties have sold in the Martin Downs Country Club.  Sales prices ranged from $123,100 up to $638,000 which is an average sales price of $253,237 or $128.99 per sq. ft. of living area.  These homes averaged 61 days on market and sold for 97% 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)
Palm City FL 34990 Condo Market Report June 2017 Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for June 2017   For June 2017 in the 34990 Zip Code area of Palm City, Florida: There are currently 75 active condo listings. (Decreased by 1 condos from May)    10 Condo sales are pending and awaiting close or lender approval. (Down by 1 condos from last month) 6 Condos Sold in June. (Up by 2 condos from May) 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...
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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 June 2017  Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for June 2017  For June 2017 in the 34990 Zip Code area of Palm City Florida :   There are currently 386 active listings (Increased by 5 homes from May) 171 Residential sales are pending and awaiting close or lender approval. (Down by 3 homes from last month) 96 Homes Sold in May (Down by 33 homes from May) The Palm City FL, zip code 34990 residential real estate market continues with strong activity, though closed sales returned to a more sustainable value after a very large jump from last month. The monthly absorption rate decreased to 4.0 months from 3.0 months in May.  A more extreme sellers’ market for the Palm City zip code 34990 area for residential sales. ...
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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 Bay in Palm City FL July 2017 Market ReportAs of July 2017, there is one home for sale in Hidden Bay in Palm City FL.  This home is listed for $1,250,000 which is $250.85 per sq. of living area.There is one home under contract.  It was listed for $679,900 which equals $225.96 per sq. of living area.  This home was on the market for 210 days before going under contract.There have been no sales in Hidden Bay in the past 12 months.About Hidden Bay in Palm City FL:A very private community in northern Palm City just off Murphy Road with a number of waterfront homes on Bessey Creek.  There are just 30 homes in this community which is not gated and has no HOA fees nor any amenities of a homeowners’ association. The first home recorded in Hidden Bay was built in 1978 with the last one co...
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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)
Crane Creek in Martin Downs July 2017 Housing Market UpdateIn July of 2017, there are 8 homes actively listed in Crane Creek.  List prices range from $349,000 up to $594,900 for an average list price of $463,100 or $167.34 per sq. ft. of living area.There are currently 4 Crane Creek homes under contract and awaiting settlement, list prices range from $300,000 up to $649,000 for an average list price of $477,197 or $164.43 per sq. ft. of living area.  These homes averaged 27 days on the market before going under contract.In the past 12 months, there have been 12 sales in Crane Creek with sales prices ranging from $320,100 up to $638,000 for an average sales price of $428,342 or $144.66 per sq. ft. of living area. The average days on market was 79 with a 98% list to sales price ratio.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)
Murano Homes July 2017 Housing Market Report Palm City Florida Real Estate There are currently 2 homes on the MLS in Murano with prices of $329,000 to $329,900. This equals an average list price of $329,450 or $148.29 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 $337,000 or $122.95 per sq. ft. of living area.  This offer was accepted for this home 108 days after being listed. In the past year, 8 homes have sold in Murano with sales prices ranging from $259,000 to $329,000 for an average sales price of $301,000 which equals $133.38 per sq. ft. of living area.  The average days on market before going under contract was 35 and the list to sales price ratio was 97%.. Conveniently located off of 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 Condo Market Report May 2017 Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for May 2017   For May 2017 in the 34990 Zip Code area of Palm City, Florida : There are currently 76 active condo listings. (Decreased by 10 condos from April)    11 Condo sales are pending and awaiting close or lender approval. (Up by 2 condos from last month) 4 Condos Sold in May. (Down by 4 condos from April) 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 ...
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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 May 2017  Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for May 2017  For May 2017 in the 34990 Zip Code area of Palm City Florida :   There are currently 381 active listings (Decreased by 22 homes from March) 174 Residential sales are pending and awaiting close or lender approval. (Down by 17 homes from last month) 129 Homes Sold in March (Up by 49 homes from March) The Palm City FL, zip code 34990 residential real estate market had a large jump in closed sales for the month of May along with a decrease in pending sales and inventory. The monthly absorption rate decreased to 3.0 months from 5.0 months in March.  A more extreme sellers’ market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month ...
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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)
Oakbrooke Estates in Palm CityAlso known as Oakbrooke Estates Gardens.  Located on the north side of Martin Hwy (State Road 714) and just down the street from the Publix supermarket and close to other shopping areas as well as schools and Florida’s Turnpike.  This community was built between 2003 and 2005 and consists of 70 single family homes of various sizes ranging from 4 bedroom, 3 bathroom homes of 2,263 sq. ft. of living area up to 5 bedroom, 4 bathroom homes of 3,690 sq. ft. and all these homes come with 3 car garages.Many of the homes in Oakbrooke Estates have their own private pool as well as some homes with serene lake views on cul-de-sacs.  There is a community pool and clubhouse as well in this subdivision and a gated entrance for privacy and security.  The low HOA fees 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 April 2017 Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for April 2017   For April 2017 in the 34990 Zip Code area of Palm City, Florida : There are currently 86 active condo listings. (Decreased by 9 condos from March)    9 Condo sales are pending and awaiting close or lender approval. (Down by 1 condos from last month) 8 Condos Sold in April. (Up by 4 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 of 2017 closed sales increased and pending sales remained close to last month while the inventory decreased. The current absorption rate for condos in the 34990 zip code area dropped to 10.8 months (was 23.8 months in April). Still a buyers’ ma...
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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 2017  Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for April 2017  For April 2017 in the 34990 Zip Code area of Palm City Florida :   There are currently 403 active listings (Increased by 46 homes from March) 191 Residential sales are pending and awaiting close or lender approval. (Up by 26 homes from last month) 80 Homes Sold in March (Down by 1 homes from March) The Palm City FL, zip code 34990 residential real estate market continues with strong activity with excellent closed and pending sales volume. The monthly absorption rate decreased to 5.0 months from 5.3 months in March.  Continuing as a sellers’ market for the Palm City zip code 34990 area for residential sales.  A 6 to 7 month absorption rate is typic...
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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)
Creekside in Palm City – April 2016 Market ReportFor April 2017 there is one home listed for sale in the Creekside community of Palm City.  This home is listed for $439,000 or $143.56 per sq. ft. of living area.There is also there is one home currently under contract. It was listed for $375,000 which is $122.63 per sq. ft. of living area.  This home was on the market for 18 days before going under contract.In the past 12 months, 2 homes have sold in Creekside.  The sales prices were $348,000 and $380,000 for an average sales price of $364,000 which equates to $126.43 per sq. ft. of living area.  These two homes averaged 114 days on market before going under contract and sold for 99% of the last list price.About Creekside in Palm CityA small gated community in Palm City FL with only 18 h...
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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)
Fox Run Palm City Market Report April 2017For April of 2017 there are no currently active listings in Fox Run in Palm City.Also, no homes under contract.In the past 12 months, 7 homes have sold in Fox Run.  Sales prices ranged from a low of $241,500 up to $429,900 for an average sales price of $313,400 which equals to $174.00 per sq. ft. of living area.  These homes sold for an average of 98% of their last listed price and also averaged 23 days on market before going under contract.About Fox Run in Palm City  Fox Run is a waterfront community on the Hidden Rive and just north of Murphy Road between Matheson Avenue and High Meadows Avenue.  Only 57 homes in this community and they were built from 1979 through 2005.  11 homes are on the banks of the Hidden River with deep water ocean acce...
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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 2017 Market ReportAs of April 2017, there are two homes for sale in Hideaway Isles in Palm City FL.  These homes are listed for $549,900 and $900,000 for an average list price of $724,950 which equals $284.32 per sq. ft. of living area.There is one home under contract which has not sold to date.  It was listed for $895,000 which is $273.28 per sq. ft. of living area.  This home was on the market for 48 days prior to going under contract.In the past 12 months, 3 Hideaway Isles homes have sold.  Sales prices ranged from $482,500 up to $535,000 for an average sales price of $502,500 which works out to $247.65 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 106 days after being listed.About Hi...
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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)
Osprey Creek April 2017 Market ReportFor April 2017 there were no homes listed in the Osprey Creek community of Martin Downs Country Club in Palm City FL.There are also no homes currently under contract.In the past 12 months, 2 homes have sold.  The sales prices were $190,000 and $202,500 which equals an average sale price of $196,250 or $122.14 per sq. ft. of living area.  These two homes were on the market for an average of 163 days before going under contract and sold for an average of 90% of list price.About Osprey Creek in Martin Downs Country ClubThe Osprey Creek section of Martin Downs Country Club has 41 homes located on the Martin Downs Country Club Golf Course. Homes consist of both 2 and 3 bedroom single family homes ranging in size from 1,714 to 1,542 square feet of living 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)
Hidden River in Palm City FL – April 2017 Market ReportThere are no active listing in Hidden River in Palm City for early April 2017.There are also no homes under contract at this time in the Hidden River communityIn the past 12 months only 1 home has sold in Hidden River.  The sales price was $667,000 or $253.52 per sq. ft. of living area.  This sale was at 97% of the list price and went under contract after 4 days of being on the market.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 and homes can handle some fairly good sized boats.This is a non-deed restricted community with no HOA ...
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