According to the Multiple Listing Service (MLS) of the Realtor Association of Martin County and Martin County public records, the following home sales activity occurred in Palm Cove Golf & Yacht Club (Cutter Sound) through July 3, 2020.
There are currently ten (10) Active listings in Palm Cove, up one from the previous month. There were eight (8) Active listings in Palm Cove during the same period last year.
There have been ten (10) home sales in Palm Cove year to date and there are four (4) more homes under contract. There were five (5) closed home sales in Palm Cove in June of 2019.
Listed below is a breakdown of properties by type, the number for sale, and list prices. The current ACTIVE listings are as follows: Zero (0) Carriage Hill condos - unchanged
One (1) Links condos - ($319,000) NEW
Two (2) Island Creek town homes ($349,900 - $399,500) - unchanged
One (1) Fairway home - ($489,900) - unchanged
Four (4) Estate homes ($759,000 - $950,000) - down one
Two (2) Riverfront homes (1,850,000 - 1,980,000) - up one
RENTALS (0)
PENDING (4)
958 SW Palm Cove Drive - 2,216 sq. ft. under air - New Wave Realty
119 SW Hatteras Court - 2,860 sq. ft. under air - list $649,900 - New Wave Realty
281 SW Hatteras Court - 4,806 sq. ft. under air - list $975,000 - New Wave Realty
289 SW Harbor View Drive - 4,899 sq. ft. under air - list $975,000 - New Wave Realty
RENTED (0)
SOLD (0)
Available Slip Certificates
Number Asking Price Survey Length Contact 1 - 1 $45,000 41.1 SLL Jim Tracey
2 - 9 $45,000 40.5 SLL Dr. John Carino
3 - 3 $50,000 54.7 SLL Tom Koehler
3 - 5 $75,000 54.7 SLL Joe & Leticia Piazza
3 - 8 Any reasonable offer 59.6 FS Steve Delise
3 - 13 $45,000 50.5 FS Aaron Shevlin
5 - 4 Any reasonable offer 50 SLL Arya Ram Santosh
5 - 6 $45,000 50.3 SLL Ed & Susan Haggan
6-4 $40,000 44.7 SLL Craig Barrila
11.5 beam limitation
Dear Friends and Neighbors,
I'm happy to report that the local real estate market has been very strong and we expect it to continue to rebound at a brisk pace over the next several months. It certainly has been a bumpy road with many starts and stops as COVID hot spots are popping up throughout the state. Yet sales in Palm Cove and all around Martin County remain impressive and interest in our beautiful community is at an all time high!
Recent data shows the housing market will continue to warm up as economies reopen and more buyers return to the streets. Newly pending sales in Martin County for May 2020 were up 21.8% and the average sale price was up 9.4% from May 2019.
In addition, home sales have sped up, with properties selling at the fastest pace in more than two years. One of the biggest improvements is days on market—homes are currently selling three days faster on average according to Zillow's monthly market report. Economists predict pending sales volume hit bottom in April, forecasting almost-full recovery by end of year. With all of this positive economic news, it is easy to forget that the virus is still a threat to all of us! So be careful and stay safe. From our home to yours, we wish all of you a very Happy Fourth of July!
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