Palm City FL 34990 Condo Market Report May 2018

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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 May 2018

PALM CITY REAL ESTATE Snapshot for ZIP Code 34990, Condo Sales for May 2018

For May 2018 in the 34990 Zip Code area of Palm City, Florida :

There are currently 87 active condo listings. (Decreased by 1 condos from April)

   Palm City FL 34990 Condo Market Report May 2018

11 Condo sales are pending and awaiting close or lender approval. (Down by 4 condos from last month)

Palm City FL 34990 Condo Market Report May 2018

9 Condos Sold in May. (Up by 2 condos from April)

Palm City FL 34990 Condo Market Report May 2018

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For May there was an improvement in closed sales while pending sales were down by 4 condos.  The Palm City condo market is hampered by two equity golf course communities with slow sales in the current environment.

The current absorption rate for condos in the 34990 zip code area dropped to 9.7 months (was 12.6 months in July).  Still in a buyer’s market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
 
The May 2017 numbers were: 76 active listings, 11 pending sales, and 4 closed sales.  There was better sales activity for this year.  The Palm City condo market is one of the few areas in Martin County with a larger inventory this year than last.
 
Palm City FL 34990 Condo Market Report May 2018
Are you interested in the value of your Palm City FL Condo?
Click on this link and fill out the form for an accurate personal evaluation

Stuart Florida Real Estate presented by:
Gabe Sanders

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report May 2018

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Florida Martin County Palm City
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Market Reports
Advice for Sellers
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City and State Community & Marketing Reports
2018 Market Reports
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Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Jul 05, 2018 03:21 AM #1
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Families on the move will appreciate your local real estate market reports.

Jul 05, 2018 06:35 AM #2
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Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Thank you for taking the time to prepare and share this vital information.  It's most informative, and exactly the type of information that buyers and sellers need to make informed decisions.

Jul 07, 2018 06:48 AM #3
Rainmaker
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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. Your comments are always appreciated!

Aug 02, 2018 07:10 AM #4
Rainmaker
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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.

Aug 02, 2018 07:10 AM #5
Rainmaker
4,529,426
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 Martin County FL real estate.

Aug 02, 2018 07:10 AM #6
Rainmaker
4,529,426
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 website for a complete list of current and past market data.

Aug 02, 2018 07:10 AM #7
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Gabe Sanders

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