Palm City FL 34990 Residential 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 Residential Market Report May 2014

 

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

 

For April 2013 in the 34990 Zip Code area of Palm City Florida :

 

There are currently 436 active listings (Decrease of 10 homes from April)

Palm City FL 34990 Residential Market Report May 2014

 175 Residential sales are pending and awaiting close or lender approval. (Increased by 9 homes from last month)

Palm City FL 34990 Residential Market Report May 2014

72 Homes Sold in April (Decreased by 10 homes from April)

Palm City FL 34990 Residential Market Report May 2014

A solid month for the Palm City FL 34990 residential real estate market.  Not quite as strong as the very active April that we had, but good activity none the less.  Closed sales were off from April, but remained at a strong level and pending sales rose indicating a potential for good future activity.  The inventory declined slightly.
 
The current absorption rate increased to 6.1 months from 5.4 months in April, putting the Palm City residential real estate market back into a balanced market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The May 2012 numbers were:  391 active listings, 167 pending sales and 77 closed sales.  When the increased inventory is figured in, numbers are very similar to last years excellent activity.

Palm City FL 34990 Residential Market Report May 2014

Palm City Florida Real Estate presented by:
the Gabe Sanders real estate team

 

Palm City FL 34990 Residential Market Report May 2014

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Rainmaker
2,329,040
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Gabe: It is good to hear the Palm City real estate market is now balanced...that means opportunities abound for both buyers and sellers.

Jun 18, 2014 07:02 AM #1
Ambassador
1,927,321
Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Gabe  Great Market report for Palm City .You are the market expert in your area .Love your reports

Jun 18, 2014 09:42 AM #2
Rainmaker
944,509
Kwee Huset
Kwee Huset Realty - Venice, FL
Venice Florida Homes For Sale

Hi Gabe, another great market report keeping buyers and sellers informed and educated.

Jun 18, 2014 10:28 AM #3
Rainmaker
2,190,577
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

I am confused as to how a listing at $849K can sell for $760K yet show up as 126% of sales price to list price.

Jun 18, 2014 11:15 AM #4
Rainmaker
2,304,259
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Gabe. This market is following a common trend from around the country. Hopefully our over economy will start moving in a positive direction which will help a lot.

Jun 18, 2014 07:21 PM #5
Rainmaker
4,432,583
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Gabe, thank you for sharing the market report. Have a good day.

Jun 18, 2014 08:43 PM #6
Rainmaker
4,798,170
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Elizabeth, the top numbers represent the highs of those values for this segment of the market.  They are not necessarily the same listing.

Jun 18, 2014 09:47 PM #7
Ambassador
1,709,615
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 your blog to be the only spot that they need to visit.

Jun 18, 2014 11:28 PM #8
Rainmaker
4,798,170
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 #9
Rainmaker
4,798,170
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 03:54 AM #10
Rainmaker
4,798,170
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 03:54 AM #11
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Rainmaker
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Gabe Sanders

Stuart Florida Real Estate
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