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Palm Cove Home Sales Report - May 2022



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 for the month ending May 31, 2022.

There is currently one (1) Active listing in Palm Cove, unchanged from the previous month.  There were two (2) Active listings in Palm Cove during the same period last year.

There have been eight (8) home sales in Palm Cove year to date compared to seventeen (17) the previous year.  There are two (2) homes pending as compared to four (4) homes pending in Palm Cove for the same period last year.  

Listed below is a breakdown of properties by type, the number for sale, and list prices.


Zero (0) Carriage Hill condos - unchanged

Zero (0) Links condos - unchanged

One (1) Island Creek townhome  - unchanged

Zero (0) Fairway homes - unchanged

Zero (0) Estate homes - down on

Zero (0) Riverfront homes - unchanged


2418 SW Island Creek Tr - 1,513 sq. ft. u/air - list $679,000 - New Wave Realty


2390 SW Island Creek Tr - 2,750 sq. ft. u/air - list $679,900 - New Wave Realty
210 SW Hatteras Ct. - 3,431 sq. ft. u/air - list $1,295,000 - New Wave Realty


SOLD (3)

263 SW Hatteras Ct - 3,651 sq. ft. under air - $1,295,000 - sold $1,247,500
1999 SW Balata - 4,809 sq. ft. u/air - sold full ask $1,349,000 + $75,000 for slip - New Wave
2079 SW Balata Terr - 4,981 sq. ft. u/air - list $1,395,000 - sold $1,425,000

 Available Slip Certificates (3)

          Number      Asking Price       Survey Length      Contact

          3-10               $80,000              54.2 FS                 Monty Solazzi (772) 219-3636

           3-13                $85,000              50.5 FS w/lift      Mike Keenan

           4-2                  $55,000 OBO    35.8 SLL               Madiline Scarletta

           5-8                  $69,900              50.6 SLL               Ed Simpson

12k Hi-Tide High Speed Piranha X2 Gear Drive Boat Lift $5,000
Location Slip 4-1 
Contact John Bement (860) 307-3176


Martin County Single Family Home Stats for April 2022

Closed home sales for the month were 194, down from 200 the previous month and down 32.2% from 286 the previous year.

Cash sales for the month were 115, up from 105 the previous month and down 7.3% from 124 the previous year.

Median sale price for the month was $619,900 up from $555,000 the previous month and up 26.5% from $490,000 the previous year.

Average sale price for the month was $959,867, up from $764,243 the previous month and down 7.3% from $1,035,304 the previous year. 

Median days to contract for the month were 8 days, down from 9 days the previous month and down 33.3% from 12 days the previous year.

Active inventory for the month was 268 listings, up from 223 listings the previous month and down 6% from 285 listings the previous year.

Dear Friends and Neighbors,

Many of you would love to sell your home while the market is still hot.  The problem is that you don't know where you will go.  I believe that there are lots of exciting options and opportunities to consider.  Here are just a few:

1.   Move closer to family and friends - If the past few years have taught us anything, it's that it can be really nice to have your people close by.  There are lots of new communities popping up all over and a new build would give you the time you need to prepare for a long distance move.  Next time you are visiting take a look around.

2.   Lower your carrying costs - Newer homes offer impact glass and smart home technology.  These things make your home more energy efficient and help to lower insurance costs.  Also, many newer communities include cable, high speed internet and lawncare in the HOA dues reducing your overall carrying costs and making it much easier to lock and leave.    

3.   Live a more active lifestyle - Quality of life is on everyone's minds these days and builders know it so they are incorporating loads of amenities into their communities.  You will find popular activities like pickleball, upscale fitness centers, dog parks and even golf cart trails that lead you right into your very own town center!

Even if your home sells before you find a new one, Buyers are now allowing Sellers to stay in their homes for a few months after closing to allow you the time you need to find a new one.  

At New Wave Realty, we love to be creative, and we are always up for a challenge so let us help you put a plan in place.  The future is only a phone call away! 

Now that's something to get excited about.

Wishing everyone a safe and exciting summer! 


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