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Palm City FL Condos for Sale and Sold Report 34990 ZIP Code March 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 Condos for Sale and Sold Report 34990 ZIP Code March 2014

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

 

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



There are currently 57 active condo listings. (Down by 6 condos from February)

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code March 2014

11 Condo sales are pending and awaiting close or lender approval. (Increased by 5 condo from last month)

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code March 2014

1 Condos Sold in March. (Down by 5 condos from February)

Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code March 2014

Other than an increase in pending sales, a pretty dismal March for the condo segment of the Palm City FL real estate market for zip code 34990.  Only 1 closed sale and a loss of all the gained inventory from last month.  But please keep in mind that this is a very small segment of the Palm City market as this area is primarily single family homes.  Trends are good to watch but a meaningful interpretation from monthly swings in values is difficult to determine.

The current absorption rate for condos in the 34990 zip code area zoomed to 57  months (was 10.5 months in February).   An extreme 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 March 2012 numbers were: 63 active listings, 9 pending sales and 5 closed sales.   Better closed activity last year.  Hopefully this market will pick up for the spring.
Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code March 2014

 

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Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code March 2014

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Related topics:
  1. Palm City Florida Homes for Sale and Sold Report 34990 ZIP Code March 2014
  2. Stuart Florida Condos for Sale and Sold Report 34994 ZIP Code March 2014
  3. Stuart Florida Condos for Sale and Sold Report 34997 ZIP Code March 2014
  4. Palm City Florida Condos for Sale and Sold Report 34990 ZIP Code February 2014
  5. Palm City Florida Market Report ZIP Code 34990 – Condo, March 2013

 

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

I do hope the spring is a better market Gabe.

Apr 17, 2014 09:52 PM
Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Gabe: With so many Palm City FL condos under contract, the spring market in this community looks to be heating up.

Apr 17, 2014 09:54 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Yes that does sound like an extreme buyers market but the year is early and things may change. Next month's report could show improvements. Have a great weekend Gabe.

Apr 17, 2014 10:39 PM
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Very detailed report Gabe, I wish we had more properties available in Chicago land. I think your market will show more activity soon, there is a lot of opportunity for buyers and sellers to contact Gabe Sanders for expert advice.

Apr 17, 2014 10:44 PM
Roy Kelley
Retired - Gaithersburg, MD

Thank, Gabe, for your Palm City report. Maryland retirees will be happy to find a good selection as they search for their home in the sun.

Apr 17, 2014 11:23 PM
Bruce Swedal
Denver, CO
Denver Real Estate

I appreciate the time you took to put this market report together. I enjoyed reading it! Hope that spring is treating you well.

Apr 18, 2014 02:12 AM
Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

Gabe~ another stellar market report you've laid out for buyers and sellers & I hope they know to call you for any and all RE needs...

Apr 18, 2014 02:57 AM
Will Nesbitt
Nesbitt Realty at Condo Alexandria - Alexandria, VA
Nesbitt Realty is a family-run brokerage.

Gabe Sanders, Palm City Florida condos sound very appealing. Great market report on the 34990 zip code. Hope you have an enjoyable Easter weekend.

Apr 18, 2014 05:49 AM
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Hello Gabe,

Another great breakdown of the condo market for Palm City.  And, the reminder that trends are good to watch, but consumers need a seasoned professional - like you - to make the information work for them.

Apr 18, 2014 09:15 AM
Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

Hi Gabe,

Great market report!  Anyone thinking of buying or selling in Palm City should DEFINITELY work with you!

 

Apr 18, 2014 09:43 AM
1~Judi Barrett
Integrity Real Estate Services 116 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

Gabe, you continue to post relevant and important information about your market. 

Apr 18, 2014 10:18 AM
Nick T Pappas
Assoc. Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, Broker/Providence Property Mgmnt, LLC Huntsville AL - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Gabe, if someone reading this is not from your area it might be difficult for them to make sense out of the numbers...57 months is huge in terms of absorption rates favoring buyers and only 10.5 a month or so ago.

Apr 18, 2014 11:28 AM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Gabe. You clients are so fortunate to have someone as knowledgeable as yourself to represent them. You market reports are always first rate.

Make it a great weekend!

Apr 18, 2014 08:49 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 taking the time to stop by and leave your comments.  Always appreciated.

Feb 25, 2015 02:52 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 31, 2016 05:06 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 31, 2016 05:06 AM
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