Palm City FL 34990 Condo Market Report December 2018

By
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 December 2018

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for December 2018

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

There are currently 97 active condo listings. (Increased by 8 condos from November)

   Palm City FL 34990 Condo Market Report December 2018

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

Palm City FL 34990 Condo Market Report December 2018

0 Condos Sold in December. (Down by 2 condos from November)

Palm City FL 34990 Condo Market Report December 2018

The Palm City FL 34990 condo real estate market remains a fairly small segment of the Martin County condo market. No sales for December but we do have some condos under contract.  The sales activity in this market is skewed by two tough condo communities with high equity and association fees that make this market quite challenging.

The current absorption rate for condos in the 34990 zip code can’t be calculated with 0 sales for this month (was 44.5 months in December).  An extreme buyer’s market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
 
The December 2017 numbers were: 101 active listings, 16 pending sales, and 10 closed sales.  Better activity last year.
 
Palm City FL 34990 Condo Market Report December 2018
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Stuart Florida Real Estate presented by:
Gabe Sanders

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report December 2018

Comments (8)

Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties listed and sold.

Feb 04, 2019 08:03 PM
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 

Feb 05, 2019 05:31 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will certainly appreciate your local market reports.

Feb 05, 2019 09:36 AM
Gloria Todor
Berkshire Hathaway Home Services - Newtown Square, PA
& Doug Durren (484) 431-3686 in SE PA

Good info Gabe for Palm City.  Gosh that one condo has been active for a long stretch.  But good to see the averagae DOM is rather quick.

Feb 06, 2019 07:01 PM
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.

Mar 03, 2019 07:53 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 Martin County FL real estate.

Mar 03, 2019 07:53 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 03, 2019 07:53 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 stopping by. Your comments are always appreciated!

Mar 03, 2019 07:53 AM