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 October 31, 2023.
There are four (4) homes for sale in Palm Cove at this time. There were no Active listings in Palm Cove during the same period last year. There are currently two (2) homes under contract. There have been nine (9) home sales and two (2) rentals in Palm Cove year to date as compared to seventeen (17) home sales 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 (3)
934 SW Palm Cove Dr - 2,666 sq. ft. under air - $775,000 - New Wave Realty
2408 SW Island Creek Tr - 2,750 sq. ft. under air - $875,000
2139 SW Balata Terrace - 4,597 sq. ft. under air - $1,590,000 with slip
COMING SOON (1)
2219 SW Balata Terrace - 5,258 sq. ft. under air - $1,767,000 - slip available
PENDING (2)
2386 SW Island Creek Tr - 2,750 sq. ft. under air - price $779,000 (slip avail) - New Wave Realty
880 SW Pebble Ln - 3,310 sq. ft. under air - price $950,000 (slip avail) - New Wave Realty
SOLD (1)
84 SW Hatteras Ct - 2,580 sq. ft. under air - price $1,099,000 - sold $1,075,000 - New Wave Realty
Available Slip Certificates (5) Number Asking Price Survey Length Contact 3-13 $61,900 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
4-17 $59,900 OBO 36.9 SLL (30k lift) Griffing (860) 906-6850
6.1 $58,900 44.7 SLL (lift) Peace
Martin County Single Family Home Stats through September 2023
Martin County Housing Stats
Closed Home Sales for the month were 144 down from 164 the previous month and down 10% from 160 the prior year.
Cash Sales for the month were 61 down from 73 the previous month and down 1.7% from 60 the prior year.
Median Sale Price for the month was $577,645 up from $575,000 the previous month and down 4.8% from $551,000 the prior year.
Average Sale Price for the month was $718,497 down from $782,127 the previous month and down 5.3% from $758,666 the prior year.
Median Time to Contract for the month was 25 days unchanged from 25 days the previous month and up 47.1% from 17 days for the same period last year.
Inventory (Active Listings) for the month was 461 down from 462 the previous month and down 5.1% from 486 listings for the same period last year. |
|
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 and your monthly look at what's happening with rate movement, the economy, and the housing market.
According to Freddie Mac's primary mortgage market survey, the 30-year fixed-rate mortgage paused its multi-week climb but continues to hover under eight percent. The Federal Reserve again decided not to raise interest rates but have not ruled out a hike before year-end. 'The uncertainty surrounding geopolitical and monetary policy will likely have an impact on the overall economic landscape and may continue to stall improvements in the housing market.'
- The 30-year fixed-rate mortgage averaged 7.76% as of November 5, 2023, down 0.03% from the previous week. A year ago at this time, the 30-year FRM averaged 6.72 percent.
- The 15-year fixed-rate mortgage averaged 7.03%, unchanged rom the previous week. A year ago at this time, the 15-year FRM averaged 6.02%
Our New Wave Realty team is very thankful for your support and business over the years! If there is any way that we can assist you with your real estate needs, please give us a call.
We wish you and your loved ones a very Happy Thanksgiving!
xoxo Sara.
Tour New Wave Realty's Newest Listings!
Discover Martin County
|
