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 March 31, 2024.
There are currently four (4) homes for sale, one (1) home for rent, and two (2) homes under contract in Palm Cove. There was one (1) home sale in March. There were no Active listings in Palm Cove during the same period last year. There have been three (3) home sales and one (1) rental in Palm Cove year to date as compared to three (3) home sales and two (2) rentals 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 (4)
NEW - 2390 SW Island Creek Tr - 2,750 sq. ft. under air - $899,900 - New Wave Realty
772 SW Pebble Ln - 2,222 sq. ft. u/a - REDUCED $709,000 - slip available - New Wave Realty
934 SW Palm Cove Drive - 2,666 sq. ft. under air - REDUCED TO $719,000 - New Wave Realty
742 SW Palm Cove Drive - 2,216 sq. ft. under air - $750,000 - slip available - New Wave Realty
FOR RENT (1)
2358 SW Island Creek Tr - $2,750 sq. ft. under air - $3,800 per month
PENDING (2)
730 SW Palm Cove Drive - 2,045 sq. ft. under air - $659,900 New Wave Realty Buyer & Seller
2159 SW Balata Terrace - 4,597 sq. ft. under air - $1,549,000 - New Wave Realty Buyer & Seller
SOLD YEAR TO DATE (3)
2219 SW Balata Terrace - 5,258 sq. ft. under air - $1,767,000 - sold $1,725,000
2573 SW Bridgeview Terr - 2,676 sq. ft. u/a - list $749,900 - sale $749,900 New Wave Realty
2139 SW Balata Terr- 4,597 sq. ft. u/a - list $1,490,000 - sale $1,395,000
Available Slip Certificates (7) Number Asking Price Survey Length Contact 1-4 $60,000 41.4 SLL (Lift) Allen (772) 486-9088
3-9 $85,000 58.9 FS Hutko
3-13 $59,900 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
5-2 $69,000 49.9 SLL Forsythe (508) 962-4243
6-4 $57,000 44.7 SLL (lift) Robertson (218) 591-1780
Beam Limitation 11.5 Closed Home Sales for February were 163 up from 107 the previous month and up 34.7% from 121 during the same period the previous year. Cash Sales for February were 89 up from 52 the previous month and up 20.3% from 74 the prior year. Median Sale Price for February was $650,000 up from $570,000 the previous month and up 20.4% from $540,000 the prior year. Average Sale Price for February was $962,537, down from $1,023,396 the previous month and up 5.9% from $908,487 the prior year. Median Time to Contract for February was 40 days, down from 50 days the previous month and down 2.4% from 41 days for the same period the prior year. Inventory (Active Listings) for February was 677 homes, up from 636 the previous month and up 31.5% from 515 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 video and your monthly look at what's happening with rate movement, the economy, and the housing market.
- The 30-year FRM averaged 6.82 percent as of April 4, 2024, up from last week when it averaged 6.79 percent. A year ago at this time, the 30-year FRM averaged 6.28 percent.
- The 15-year FRM averaged 6.06 percent, down from last week when it averaged 6.11 percent. A year ago at this time, the 15-year FRM averaged 5.64 percent
According to Sam Khater, Freddie Mac’s Chief Economist. “Since the start of 2024, the 30-year fixed-rate mortgage has not reached seven percent but has not dropped below 6.6 percent either. While incoming economic signals indicate lower rates of inflation, we do not expect rates will decrease meaningfully in the near term. On the plus side, inventory is improving somewhat, which should help temper home price growth.” You will notice that we have many more homes for sale in Palm Cove as compared to previous years. As a result, Buyers have more options when it comes to choosing a home. This environment creates a more balanced market between Buyers and Sellers.
Over the past 14 years, I have made it a priority to provide you with a monthly sales report so that you always have accurate market information regarding your home. If you are considering a move, please give me a call at 772.631.0960.
Thank you for your support and don't forget to come visit us at our new location in Downtown Stuart - 1 SE Ocean Blvd in Confusion Corner (the former Ramey Flooring store).
xoxo Sara
Tour New Wave Realty's Newest Listings
Discover Martin County
Visit Our Website
|
