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 June 30, 2024.
Seven (7) homes are for sale in Palm Cove, unchanged from last month. There were no homes for sale during the same period the previous year.
One (1) home is under contract in Palm Cove, down one (1) from last month. One (1) home was under contract during the same period the previous year.
There were (2) home sales in Palm Cove in May. There were no home sales in Palm Cove during the same period last year.
There have been eight (8) 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 the previous year.
Below is a breakdown of properties by type, the number for sale, and list prices.
SUMMARY:
FOR SALE (7)
2358 SW Island Creek Trl - 2,750 sq. ft, - $584,900
2385 SW Island Creek Trl - 2,037 sq. ft. - $649,000 now $599,000 - New Wave Realty
2394 SW Island Creek Trl - 1,513 sq. ft. - $697,000 now $659,000
742 SW Palm Cove Dr- 2,216 sq. ft. - $750,000 - now $735,000 slip avail - New Wave Realty
819 SW Pebble Lane - 2,208 sq. ft. - $769,900 - now $719,000 - New Wave Realty
2408 SW Island Creek Trl - 2,750 sq. ft. - $849,500
213 SW Palm Cove Dr - 4,597 sq. ft. - $1,595,000 - now $1,545,000 - New Wave Realty
FOR RENT (0)
PENDING (1)
2178 SW Balata Terr - 4,806 sq. ft. under air - $1,545,000 slip avail - New Wave Realty
SOLD YEAR TO DATE (8) 772 SW Pebble Ln - 2,222 sq. ft. - $695,000 - sold $710,000 w/slip - New Wave Realty
934 SW Palm Cove Drive - 2,666 sq. ft. $714,000 - sold $710,000 - New Wave Realty
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 - sold $749,900 New Wave Realty
2139 SW Balata Terr- 4,597 sq. ft. - list $1,490,000 - sol $1,395,000
730 SW Palm Cove Drive - 2,045 sq. ft. - $659,900 sold $650,000 - New Wave Realty both sides
2159 SW Balata Terr - 4,597 sq. ft. - $1,495,000 - sold $1,430,000 - New Wave Realty both sides
2390 SW Island Creek Tr - 2,750 sq. ft. - $899,900 - sold $845,000 - New Wave Realty
Available Slip Certificates (10) Number Asking Price Survey Length Contact 1-4 $60,000 41.4 SLL (Lift) Allen (772) 486-9088
2-3 $55,000 40.9 FS Faatz (201) 697-3114
2-12 $53,000 40.5 SLL Relyea (561) 346-9195
2-9 $55,000 40.5 SLL (lift) Carroll (904)-460-3230
4-2 $40,000 35.8 SLL (no lift) Murray (786) 512-7246
4-8 $49,000 OBO 35.9 SLL (lift) Heanssler ((207) 479-3303
5-2 $69,000 49.9 SLL Forsythe (508) 962-4243
5-11 $48,000 50.8 SLL (lift) Hulle (954) 214-7812
6-1 $60,000 44.7 SLL Tannone
Beam Limitation 11.5
6-8 $55,000 44.7 SLL Gierc
Beam Limitation 11.5
For more info, please get in touch with Palm Cove's Marina Manager at [email protected]
Closed Home Sales for the month were 206, up from 197 the previous month and down 0.5% from 207 the prior year. Cash Sales for the month were 118, down from 120 the previous month and up 13.5% from 104 the prior year.
Median Sale Price for the month was $573,995, down from $607,500 the previous month and down 9.2% from $632,000 the prior year.
Average Sale Price for the month was $1,046,147, down from $1,122,253 the previous month and up 6.1% from $985,822 the prior year. Median Time to Contract for the month was 39 days, up from 36 days the previous month and up 25.8% from 31 days the prior year.
Inventory of Active Listings for the month was 722 homes, up from 669 the previous month and up 55.9% from 463 listings for the same period last year.
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Dear Friends and Neighbors,
This monthly report is custom-designed to keep you updated on your home's value and sales activity within Palm Cove and throughout Martin County. We hope that you find it useful.Primary Mortgage Market Survey
Mortgage Rates Drop Below Seven PercentThe 30-year fixed-rate mortgage continues to trend down. By historical standards, the economy is in good shape, and we expect rates to continue coming down over the summer months, bringing additional homebuyers back into the market. Aspiring homeowners should remember to shop for the best mortgage rate, as rates vary widely between lenders. - The 30-year fixed-rate mortgage averaged 6.95%, down 0.09% from the previous week. At this time, a year ago, the 30-year FRM averaged 7.02%.
- The 15-year fixed-rate mortgage averaged 6.25%, down 0.09% from the previous week. At this time,a year ago, the 15-year FRM averaged 6.33%.
If you are interested in buying or selling a home, it is essential to work with an experienced licensed Realtor® who will provide the specific knowledge and expertise to serve your needs best when navigating this difficult real estate market.
At New Wave Real Estate Group, we are committed to updating you with the latest trends, laws, and regulations specific to our local communities.
Whether buying, selling, or investing, we are here to make your real estate goals a reality. If you would like to receive a personalized market valuation for your home, please call me at 772.631.0960. |
