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 July 31, 2022.
There are currently two (2) Active listings in Palm Cove, unchanged from the previous month. There are two (2) rental listings up one (1) from the previous month. There were two (2) Active listings in Palm Cove during the same period last year.
There have been ten (10) home sales in Palm Cove year to date compared to twenty-one (21) home sales the previous year. There are three (3) homes pending as compared to one (1) home 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.
SUMMARY
One (1) Carriage Hill condo - unchanged
Zero (0) Links condos - unchanged
Zero (0) Island Creek townhome - down one
One (1) Fairway home - unchanged
Zero (0) Estate homes - unchanged
One (1) Riverfront home - rental
One (1) Fairway home - rental
ACTIVE (2)
2381 SW Carriage Hill Terrace #203 - 2,284 sq. ft. under air - $420,000 - New Wave Realty
910 SW Palm Cove Drive - 2,692 sq. ft. under air - $749,000
RENTALS (2)
238 SW Palm Cove Drive - 6,072 sq. ft. under air - $20,000 per month
850 SW Palm Cove Drive - 2,692 sq. ft. under air - $6,000 per month
PENDING (3)
2352 SW Island Creek Trail - 2,037 sq. ft. under air - $499,900
2372 SW Island Creek Trail - 2,118 sq. ft. under air - $630,000 - New Wave Realty
245 SW Hatteras Court - 3,431 sq. ft. under air - $1,295,000 - New Wave Realty
RENTED (0)
SOLD (1)
210 SW Hatteras Ct. - 3,431 sq. ft. u/air - list $1,295,000 - sold $1,295,000 - New Wave Realty
Available Slip Certificates (4) 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 (410) 573-4988
4-13 $59,900 35.7 SLL w/lift Weiss (772) 221.1581
5-8 $69,000 50.6 SLL Ed Simpson (860) 625-1829
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 June 2022
Closed home sales for the month were 185, down from 216 the previous month and down 32.9% from 275 the previous year.
Cash sales for the month were 95, down from 104 the previous month and down 19.5% from 118 the previous year.
Median sale price for the month was $590,000, up from $584,498 the previous month and up 20.4% from $490,000 the previous year.
Average sale price for the month was $809,923, down from $956,150 the previous month and down 2.4% from $790,716 the previous year.
Median days to contract for the month were 14, up from 11 days the previous month and up 27.3% from 11 days the previous year.
Active inventory for the month was 429, up from 341 listings the previous month and up 41.1% from 304 listings the previous year.
Dear Friends and Neighbors,
Prices for existing homes climbed to a record high in June, continuing at an amazing pace with double-digit percentage annual increases as reported by the National Association of REALTORS. Home prices continued to climb even though sales cooled in June. For the fifth consecutive month, existing home sales posted a drop.
Looking forward we expect a moderate decline in pricing as more inventory becomes available and higher interest rates and inflation continue to affect affordability.
If you are thinking of making a move, it's still a great time to sell. The median sales price in Martin County is up 20.4% over last year. If you are looking to buy, there are many more options to choose from with inventory up 41.1% over last year.
Please give us a call and we will put a plan in place!
Thank you Palm Cove for another successful month of listings and sales with New Wave Realty! We are extremely grateful for your business!
Sara
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