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Palm Cove Home Sales Report - Sept 2020

10/2/2020


 

 




Palm Cove Golf & Yacht Club

Home Sales Report for September 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 30, 2020.

There are currently nine (9) Active listings in Palm Cove, down three (3) from the previous month.  There were nine (9) Active listings in Palm Cove during the same period last year.

There have been eighteen (18) home sales in Palm Cove year to date and there are four (4) more homes under contract.  There were fourteen (14) 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 ($335,000 - $399,500) unchanged

Two (2) F
airway homes - ($515,000 - $615,000) down one

Two (2) Estate homes - ($725,000 - $929,000) unchanged

Two (2) Riverfront homes ($1,825,000 - $1,850,000) down one

RENTALS (1)

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

PENDING (3)

226 SW Palm Cove Dr - 5,393 sq. ft. u/air - list $1,965,000 - New Wave Realty
2519 SW Bridgeview Terr -3,364 sq. ft. u/air - list $685,000 - New Wave Realty
838 SW Palm Cove Dr - 2,216 sq. ft. u/air - list $450,000
958 SW Palm Cove Drive - 2,216 sq. ft. u/air - list $405,000 - New Wave Realty

RENTED (0)

SOLD (2)

832 SW Pebble Ln - 2,871 sq. ft. u/air - list $489,900 - sold $479,000 New Wave Realty 
2372 SW Island Creek Tr - 2,118 sq. ft. under air - list $489,900 - sold $489,900 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                  $39,500                        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 South Florida real estate market remains strong as we enter our busiest season!  According to CoreLogic's most recent housing report, rock bottom mortgage rates and strong buyer demand is fueling price increases.  In our local market, closed sales for August rose 24.6% year over year.  The median sales price was up 15.2% while inventory fell 42.9%.  Additionally, we expect a large influx of new residents from around the globe as colder weather forces people indoors. 

If you are considering a move, now is a great time for both Buyers because of historically low mortgage rates and Sellers because of high demand and very low inventory.

We are ready and prepared to assist with all of your real estate needs so please give me a call at 772.631.0960.  Thank you for your support!   

Stay safe and stay healthy!

Sara. 


 





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