According to the Multiple Listing Service (MLS) of the Realtor Association of Martin County and the Martin County public records, the following home sales activity occurred in Palm Cove Golf & Yacht Club for the month ending February 29, 2024.
There are six (6) homes for sale, one (1) home for rent and one (1) home under contract in Palm Cove at this time. There were no Active listings in Palm Cove during the same period last year. There have been two (2) home sales and zero (0) rentals in Palm Cove year to date as compared to zero (0) homes sales and two (2) rentals during the same period last year.
Listed below is a breakdown of properties by type, the number for sale, and list prices.
SUMMARY:
FOR SALE (6)
772 SW Pebble Ln - 2,222 sq. ft. u/a - REDUCED $709,000 - slip available - New Wave Realty
934 SW Palm Cove Drive - 2,666 sq. ft. under air - $749,000 - New Wave Realty
742 SW Palm Cove Drive - 2,216 sq. ft. under air - $750,000 - slip available - New Wave Realty
2408 SW Island Creek Trail - 2,750 sq. ft. under air - $875,000
2159 SW Balata Terrace - 4,597 sq. ft. under air - $1,549,000 - New Wave Realty
2219 SW Balata Terrace - BACK ON MARKET 5,258 sq. ft. under air - $1,767,000 - slip available
FOR RENT (1)
850 SW Palm Cove Drive - 2,692 sq. ft. under air - REDUCED $4,500 per month
PENDING (1)
730 SW Palm Cove Drive - 2,045 sq. ft. under air - $659,900 New Wave Realty Buyer and Seller
SOLD (2)
2573 SW Bridgeview Terr - 2,676 sq. ft. u/a - list $749,900 - sale $749,900 New Wave Realty
2139 SW Balata Terr- 4,597 sq. ft. u/a - list $1,490,000 - sale $1,395,000
Available Slip Certificates (8) Number Asking Price Survey Length Contact 1-4 $60,000 41.4 SLL (Lift) Allen (772) 486-9088
3-9 $85,000 58.9 FS Hutko
3-13 $59,900 50.5 FS (lift) Jankowski (561) 248-5964
3-18 $59,900 35.8 SLL (lift) Fano (772) 233-3086
4-2 $40,000 35.8 SLL (no lift) Murray (786) 512-7246
5-2 $69,000 49.9 SLL Forsythe (508) 962-4243
6.1 $59,900 44.7 SLL (lift) Peace
Beam Limitation 11.5
6-4 $57,000 44.7 SLL (lift) Robertson (218) 591-1780
Beam Limitation 11.5
Martin County Single Family Home Stats through January 2023
Martin County Housing Stats
Closed Home Sales for the month of January were 107 down from 128 the previous month and down 5.3% from 113 during the same period the previous year.
Cash Sales for the month of January were 52 down from 71 the previous month and down 7.1% from 56 the prior year.
Median Sale Price for the month of January was $570,000 down from $572,000 the previous month and down 0.7% from $574,000 the prior year.
Average Sale Price for the month of January was $1,023,396 up from $822,106 the previous month and up 56.2% from $654,998 the prior year. Median Time to Contract for the month of January was 50 days up from 25 days the previous month and up 35.1% from 37 days for the same period the prior year.
Inventory (Active Listings) for the month of January was 636 up from 590 the previous month and up 20% from 530 listings for the same period last year.
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Dear Friends and Neighbors,
This monthly report is custom designed to keep you up to date on your home's value and home sales activity for Palm Cove and Martin County. We hope that you find it useful.
Here's the South Florida Market Recap video and your monthly look at what's happening with rate movement, the economy, and the housing market.
- The 30-year fixed-rate mortgage averaged 6.88% as of March 7, 2024, down 0.06% from the previous week. A year ago at this time, the 30-year FRM averaged 6.88%.
- The 15-year fixed-rate mortgage averaged 6.22% down 0.04% from the previous week. A year ago at this time, the 15-year FRM averaged 6.21%.
Mortgage rates are better now than they were in the fall of last year. Experts are optimistic that the rates will drop further in 2024 which should breath some life into the single family housing market.
However, interest rates haven't declined enough to convince many homeowners with low rate mortgages to buy a new home and give up their current mortgages. As a result we see homes sitting on the market much longer.
We understand that your home is one of your most valuable assets and that it is important to keep track of its current value. You can rely on me to provide you with information, insights, advice, and when needed, hands-on real estate services.
If you know of anyone who would like to make a move, please have them call me at 772.631.0960. I would be happy to show them all that our beautiful area has to offer!
Thank you so much for your support!
xoxo Sara
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