September 2014 Market Update for Oak Ridge in Palm City

There are currently 4 homes available for sale in Oak Ridge in Palm City, FL.  The list prices range from $325,000 to $789,900 for an average price of $461,125 which is $173.89 per sq. ft. of living area.  None of these are distressed sales. (short sales or foreclosures)

There are 2 homes under contract and awaiting sale dates.  List prices are $250,000 to $350,000.  The average is $300,000 $124.30 per sq. ft. of living area.  One of these pending sales is a short sale.

14 homes have sold in Oak Ridge in the past 12 months.  Sale prices ranged from $235,000 to $380,000.  The average sold price was $314,178 which is $142.29 per sq. ft. of living area and a list to sales ratio of 97%.  There was one short sale and one bank owned foreclosure in these sales.

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 activities, parks and beaches. Linked with tree lined streets and cul-de-sacs, homes are located on preserves or water front on lakes or ocean access canals. Enhanced private homesites within a traditional community setting. The gated neighborhood of Oak Ridge offers a 2000 sq. ft. club house, pool, two lighted tennis courts and a deep water ocean access boat ramp. Each house is ideally situated on a lake or preserve property.

There is a mandatory Home Owners Association with reasonable quarterly dues which cover Basic Cable TV, Landscaping and Maintenance of all Common Areas, Gate Maintenance, Property Manager & Reserve Funds. The Oak Ridge Home Owners association web site is: http://www.oak-ridge.org . You can view the association rules and regulations and bylaws here as well as links to other Martin County Government sites.

Residents of Oak Ridge are in the Martin County School system and currently the assigned schools are Bessey Creek Elementary, Hidden Oaks Middle and Martin County High School.

Only minutes to Pendarvis Cove Park on the shores of the Saint Lucie River. Additional boat ramp and trailer parking and home of the sailing club.

Other close by amenities include lots of great shopping, easy access to Florida’s Turnpike and I-95. Only 15 minutes to the shores of the Atlantic Ocean. Give us a call if you’d like additional information about this wonderful Palm City community.