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Palm City FL 34990 Condo Market Report May 2014

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Real Estate Agent with Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales 3090099

Palm City FL 34990 Condo Market Report May 2014

 

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for May 2014

 

For May 2014 in the 34990 Zip Code area of Palm City, Florida :



There are currently 52 active condo listings. (Down by 1 condo from April)

Palm City FL 34990 Condo Market Report May 2014

10 Condo sales are pending and awaiting close or lender approval. (Increased by 2 condos from last month)

Palm City FL 34990 Condo Market Report May 2014

4 Condos Sold in May. (Down by 3 condos from April)

Palm City FL 34990 Condo Market Report May 2014

Unfortunately closed sales were off for may 2014 in the Palm City FL 34990 condo real estate market.  Pending sales were up and inventory was down.  The Palm City condo market is quite small and inferences into the more general condo market should not be made.

The current absorption rate for condos in the 34990 zip code area rose to 13  months (was 7.6 months in April).   A buyers market.  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 May 2012 numbers were: 52 active listings, 16 pending sales and 3 closed sales.   Similar numbers to last year, but the decrease in pending sales this year is a note for concern for future activity.
Palm City FL 34990 Condo Market Report May 2014
 

Search here for Palm City Florida Real Estate for Sale ( Condos)


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Palm City Florida Real Estate presented by:
Gabe Sanders

 

Palm City FL 34990 Condo Market Report May 2014

Search for nearby homes for sale:

  1. Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code April 2014
  2. Palm City Florida Market Report ZIP Code 34990 Condo June 2013
  3. Palm City Florida Market Report ZIP Code 34990 – Condo, November 2012
  4. Palm City Florida Market Report ZIP Code 34990 – Condo, June 2012
  5. Palm City Florida Market Report ZIP Code 34990 – Condo, March 2012

See more at StuartFloridarealEstateNews.com

Show All Comments
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Great market for buyers but seller are suffering Gabe.

Jun 18, 2014 09:34 PM
Roy Kelley
Retired - Gaithersburg, MD

Good morning, Gabe. Families on the move will appreciate your local market reports.

Have an outstanding day!

 

Jun 18, 2014 09:43 PM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Gabe, the condo market in Palm City has been erractic since the 90's! Still is! Enjoy your day!

Jun 18, 2014 09:53 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Gabe, With very limitied activity makes it is hard to make predictions about trends. I think it is a good thing that pending sales are up. I hope the summer sales will be strong.

Jun 18, 2014 10:04 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Gabe,

I does sound like a great market for buyers but sellers must not be enjoying the news. With so little activity I agree with Debbie ..hard to predict the trend!

Jun 18, 2014 10:13 PM
Maria Gilda Racelis
Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington - Manchester, CT
Home Ownership is w/in Reach. We Make it Happen!

Hi Gabe: If the pending sales will close this month or in July, the sold units will higher in June or July compared to May.

As always, you bring the good stuff. I would like to see another presentation of yours with that man in the suit as the SUPERSTAR!!!

Jun 18, 2014 10:32 PM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Palm City FL Condo market report is a terrific source of information for consumers. Pending sales up is good news...

Jun 18, 2014 10:44 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Gabe, great market report for Palm City condos, and sure gives buyers and sellers information needed to make good decisions.

Jun 18, 2014 10:54 PM
Dale Baker
Baker Energy Audits and Commercial Properties Inspections - Claremont, NH
New Hampshire Relocation Real Estate Information

Hello Gabe

I think the people that are needing good Real Estate information in your area, are going to find all they need on your blog.

Jun 18, 2014 11:25 PM
Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

Gabe~ over and over you keep proving "you" are the go-to real estate professional in and around Palm City FL

Jun 19, 2014 01:48 AM
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hi Gabe, your detailed analysis of  the Palm City FL 34990 Condo Market is interesting. It looks more toward buyers? You information is always among the best and expertly done.

Jun 19, 2014 03:51 AM
Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Gabe: As always, you leave no stone unturned, giving your Palm City FL real estate readers quality information they can use to start their buying or selling decisionmaking process from.

Jun 19, 2014 07:25 AM
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker Realty, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Gabe - You really go the extra mile in your market reports, which is a sign buyers and sellers in the Palm City, FL area should take to heart.  It's just how you do your job!

Jun 19, 2014 11:03 AM
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Hello Gabe,

Pending sales up and inventory down...prices will continue to increase!

Jun 19, 2014 12:46 PM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Gabe. Sounds like this market may be retracting slightly, hopefully this is not a trend. Nice job with your report.

Jun 19, 2014 08:36 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks for stopping by and taking the time to comment.  For more information, please visit GabeSanders.com.

Mar 03, 2015 05:59 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

For more Market Reports visit my web site at: http://www.gabesanders.com/market-stats

Mar 01, 2016 03:55 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks for reading, here’s a link for more information about Palm City, FL real estate.

Mar 01, 2016 03:55 AM
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