Palm City FL 34990 Condo Market Report October 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 October 2016

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

 

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



There are currently 76 active condo listings. (Increased by 5 condos from September)

   Palm City FL 34990 Condo Market Report October 2016

Condo sales are pending and awaiting close or lender approval. (Unchanged from last month)

Palm City FL 34990 Condo Market Report October 2016

5 Condos Sold in October. (Up by 1 condos from September)

Palm City FL 34990 Condo Market Report October 2016

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. Inventory has been rising for a few months now and closed sales are not increasing enough to offset this increase even though it has increased.

The current absorption rate for condos in the 34990 zip code area dropped to 15.2 months (was 17.8 months in October). Remaining a strong buyers’ market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
 
The October 2015 numbers were: 54 active listings, 10 pending sales and 3 closed sales.   A little more closed activity this year, but this is with a significantly greater inventory of active condos listed for sale.
 
Palm City FL 34990 Condo Market Report October 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 October 2016

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Tags:
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Ambassador
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Gabe, those look like outstanding values in a beautiful, and warm place. Hope December is good for you.

Nov 25, 2016 07:22 PM #1
Ambassador
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Gabe Sanders - a complete look at what's going on in Palm City FL!

Great market report.

Nov 25, 2016 09:16 PM #2
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Michelle Carr-Crowe-Top 1% Diamond Certified Real Estate Team Sells Cupertino San Jose Homes-Just Call 408-252-8900
Get Results Team...Just Call (408) 252-8900! - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Thank you for a useful post on what's new in your real estate market.

Nov 25, 2016 10:06 PM #3
Rainmaker
2,733,139
Sally K. & David L. Hanson
Keller Williams 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce - Short Sale

Wow...wish we could borrow some of your inventory...and bet you would 

be happy to share...great report...as always !

Nov 26, 2016 02:51 AM #4
Rainmaker
3,957,574
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your real estate market. 

Nov 26, 2016 03:55 AM #5
Rainmaker
4,556,792
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Prospective condo purchasers will appreciate your local real estate market reports.

Nov 26, 2016 07:32 AM #6
Rainmaker
4,202,712
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks. Your comments are always appreciated!

Dec 07, 2016 10:12 AM #7
Rainmaker
4,202,712
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.

Dec 07, 2016 10:12 AM #8
Rainmaker
4,202,712
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

Dec 07, 2016 10:12 AM #9
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Gabe Sanders

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