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Palm Cove Home Sales Report - August 2020

9/5/2020


 

 




HAPPY LABOR DAY!

Palm Cove Golf & Yacht Club

Home Sales Report for August 2020

Compliments of Sara Crombie - New Wave Realty


Click the link at the bottom left corner of this email for a detailed report
  


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 September 3, 2020.

There are currently twelve (12) Active listings in Palm Cove, up seven from the previous month.  There were nine (9) Active listings in Palm Cove during the same period last year.

There have been sixteen (16) home sales in Palm Cove year to date and there are two (2) more homes under contract.  There were thirteen (13) closed home sales during the same period last year.      

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 condo -  ($310,000) unchanged

Two (2) Island Creek town homes ($345,000 - $399,500) up one

Three (3) F
airway homes - ($410,000 - $515,000) up three

Two (2) Estate homes - ($685,000 - $939,900) up two

Three (3) Riverfront homes (1,850,000 - $1,965,000 + slip) unchanged

RENTALS (1)

One (1) Fairway rental - $2500 per month - up one

PENDING (2)

832 SW Pebble Ln - 2,871 sq. ft. under air - list $489,900 - New Wave Realty
2372 SW Island Creek Tr - 2,118 sq. ft. under air - list $489,900 - New Wave Realty

RENTED (0)

SOLD (4)

119 SW Hatteras Ct - 2,860 sq. ft. under air - $649,900 - sold $614,000 - New Wave Realty
326 SW Harbor View Dr - 4,187 sq. ft. under air - $799,000 - sold $750,000 - New Wave Realty
2178 SW Balata Terrace - 4,806 sq. ft. under air -  $929,900 - sold $918,000 - New Wave Realty
33 SW Palm Cove Drive - 5,069 sq. ft. under air - $950,000 - sold $920,000 - New Wave Realty

 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 - 5                  $79,000                     54.7 SLL               Joe & Leticia Piazza

          3 - 8              Any reasonable offer   59.6 FS                  Steve Delise

          4 - 3                  $39,50                        35.8 SLL              Vincent Clark

          
5 - 6                   $45,000                     50.3 SLL               Ed & Susan Haggan

          5-11                     $35,000                    50.8 SLL               Paula & Mark Sweeney


Dear Friends and Neighbors,

The Florida real estate market is on fire!  According to Martin County's housing data for July 2020, closed home sales were up 42.6% over last year.  Tight inventory and record low mortgage rates has created a very competitive market among Buyers.  As a result, homes are selling much faster and the average sales prices are up consistently month over month.  

Buyers are flocking to Florida from all over the country now that many are able to work from home.  This is driving the demand for larger homes in more affordable areas.  Buyer's want more amenities like room for a home office, gym, pools and more green space. 

Experts expect this trend to continue well into 2021.  If you are thinking about making a move, now is a very good time to sell.  Please give me a call and we can put together a sale strategy for your home.  

I want to thank everyone for your continued support and business this past year!  I hope you all have a very safe and fun Labor Day weekend!  

Sara. 


 





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