Palm City FL 34990 Residential Market Report July 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 July 2014

 

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

 

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

 

There are currently 432 active listings (A decrease of 12 homes from June)

Palm City FL 34990 Residential Market Report July 2014

 

 148 Residential sales are pending and awaiting close or lender approval. (Decreased by 5 homes from last month)

Palm City FL 34990 Residential Market Report July 2014

 

73 Homes Sold in June (Down by 21 homes from June)

Palm City FL 34990 Residential Market Report July 2014

 

    A weaker month of activity in July for the Palm City FL 34990 residential real estate market.  All measured activity declined for the month.  
 
     The current absorption rate increased to 5.9 months from 4.7 months in June, putting the Palm City residential real estate market back into a sellers market.  A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

     The July 2013 numbers were:  360 active listings, 153 pending sales and 70 closed sales.  Similar closed numbers to last year, though with a much greater inventory.

Palm City FL 34990 Residential Market Report July 2014

 

 Search here for Palm City Florida Real Estate for Sale

 

Rental Properties

Condominium Properties

Vacant Land Properties

Residential Properties

Commercial Properties

 

 

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

 

Palm City FL 34990 Residential Market Report July 2014

 

Rental Properties

Condominium Properties

Vacant Land Properties

Residential Properties

Commercial Properties

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Rainmaker
1,250,453
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Gabe:  Your numbers reflect what I've seen in many other markets, including the Chicagoland area.  The housing market is doing better as a whole, but I think we're going to see this seesawing of good and bad for a while yet.

Gene 

Aug 23, 2014 03:14 AM #1
Rainmaker
5,619,174
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank, Gabe, for sharing your Palm City market report. Maryland retirees that want to move to Florida before winter need to call you right away!

Aug 23, 2014 03:46 AM #2
Rainmaker
2,190,577
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

On the sold listings, Gabe, why does it show DOM at 4,755? Did something take more than 13 years to sell? Or is that a mistake?

Aug 23, 2014 04:36 AM #3
Rainmaker
1,434,758
Yolanda Cordova-Gilbert
Richmond, TX

Gabe,

 Excellent market report for you area. It seems that the higher prices are stay on longer! I hope you have a great weekend!

Aug 23, 2014 05:42 AM #4
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

I don't know, Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents .  I'll need to go into the data, but I would guess it's a mistake.

Aug 23, 2014 09:30 AM #5
Rainmaker
1,570,791
David Saks
(retired) - Memphis, TN

Always a fabulous collection of great data from the inimitable Gabe Sanders. Hope you're having a fantastic weekend, Gabe.

Aug 23, 2014 06:31 PM #6
Ambassador
1,491,699
Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Gabe Sanders 

Thanks for the real estate market update!

This is very informative information for buyers and sellers.

Have a great weekend!

Aug 23, 2014 11:58 PM #7
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.

Feb 14, 2016 04:13 AM #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 your comments, always appreciated.

Feb 14, 2016 04:13 AM #9
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Rainmaker
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Gabe Sanders

Stuart Florida Real Estate
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