Palm City FL 34990 Condo Market Report November 2016

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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 November 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for November 2016

 

For November 2016 in the 34990 Zip Code area of Palm City, Florida :



There are currently 80 active condo listings. (Increased by 4 condos from October)

   Palm City FL 34990 Condo Market Report November 2016

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

Palm City FL 34990 Condo Market Report November 2016

3 Condos Sold in November. (Down by 2 condos from October)

Palm City FL 34990 Condo Market Report November 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. Inventory has continued to rise while for this month sales were off making for a pretty strong buyers market.  The bright note is an improved pending sales volume.

The current absorption rate for condos in the 34990 zip code area jumped up to 40 months (was 15.2 months in November). Currently an extreme buyers’ market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
 
The November 2015 numbers were: 53 active listings, 8 pending sales and 8 closed sales.   Only the pending sales activity is improved when comparing last year’s activity.
 
Palm City FL 34990 Condo Market Report November 2016

Stuart Florida Real Estate presented by:
Gabe Sanders

 

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report November 2016

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Topic:
Real Estate Market Trends
Location:
Florida Martin County Palm City
Groups:
All Things Florida
City and State
Market Reports
Advice for Sellers
Advice for Buyers
Tags:
condo
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Rainmaker
4,507,467
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Palm City condo sellers will be in very good hands when they select you as their listing agent.

Dec 29, 2016 04:26 PM #1
Rainmaker
993,440
Mark Loewenberg
KW of the Palm Beaches - Palm Beach Gardens, FL
KW 561-214-0370

super report to share on Palm City for the buyers and sellers searching!

Dec 29, 2016 04:55 PM #2
Ambassador
3,430,980
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Gabe great market report and as always the information is precise and easy to understand.

Dec 29, 2016 06:04 PM #3
Rainmaker
1,447,137
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

thanks for the market update! I love seeing what is going on in different parts of the country- lets me prepare my clients for what is coming here. Wishing you a very Happy and successful New Year!

Dec 29, 2016 08:47 PM #4
Rainmaker
3,917,022
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

This is good information for home buyers and  sellers in the area. I hope they will call you.

Dec 30, 2016 04:07 AM #5
Rainmaker
4,507,467
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Good Friday evening, Gabe. I hope you are enjoying the holidays.

Happy New Year!

Dec 30, 2016 05:39 PM #6
Rainmaker
4,153,137
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Your comments are always appreciated!

Feb 01, 2017 07:22 AM #7
Rainmaker
4,153,137
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.

Feb 01, 2017 07:23 AM #8
Rainmaker
4,153,137
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

Feb 01, 2017 07:23 AM #9
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Rainmaker
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Gabe Sanders

Stuart Florida Real Estate
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