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 August 31, 2024.
There are nine (9) homes for sale in Palm Cove, up two (2) from last month. There were three (3) homes for sale during the same period the previous year.
One (1) home is under contract in Palm Cove, unchanged from last month. One (1) home was under contract during the same period the previous year.
There were no home sales in Palm Cove in August compared to four (4) home sales in Palm Cove during the same period last year.
There have been nine (9) home sales and one (1) rental in Palm Cove year to date as compared to seven (7) 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 (9)
2385 SW Island Creek Trl - 2,037 sq. ft. - $599,000 now $550,000 - New Wave Realty
2394 SW Island Creek Trl - 1,513 sq. ft. - $659,000 now $646,000
819 SW Pebble Lane - 2,208 sq. ft. - $719,000 - New Wave Realty
742 SW Palm Cove Dr- 2,216 sq. ft. - $735,000 slip avail - New Wave Realty
NEW 982 SW Palm Cove Dr - 2,669 sq. ft. - $799,995 slip avail
2408 SW Island Creek Trl - 2,750 sq. ft. - $849,500
NEW 2440 SW Island Creek Tr - 2,313 sq. ft. - $935,000 New Wave Realty
210 SW Hatteras Court - 3,431 sq. ft. under air - $1,379,000
213 SW Palm Cove Dr - 4,597 sq. ft. - $1,595,000 - now $1,545,000 - New Wave Realty
FOR RENT (0)
PENDING (1)
2358 SW Island Creek Trail - 2,750 sq. ft under air - $584,900
SOLD (9)
August Sales
There were no sales in Palm Cove in August.
Year to Date
2178 SW Balata Terr - 4,806 sq. ft. u/a - $1,545,000 - sold $1,465,000 - New Wave Realty
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 Dr - 2,045 sq. ft. - $659,900 sold $650,000 - New Wave Realty both sides
2159 SW Balata Ter - 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 (7) Number Asking Price Survey Length Contact 1-4 $52,000 41.4 SLL (Lift) Allen (772) 486-9088
2-3 $55,000 40.9 FS Faatz (201) 697-3114
4-2 $40,000 35.8 SLL (no lift) Murray (786) 512-7246
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 177, down from 181 the previous month and up 4.1% from 170 the prior year. Cash Sales for the month were 67, down from 98 the previous month and down 15.2% from 79 the prior year. Median Sale Price for the month was $570,000, down from $625,000 the previous month and down 6.6% from $610,000 the prior year. Average Sale Price for the month was $806,749, down from $892,934 the previous month and down 31% from $1,168,765 the prior year. Median Time to Contract for the month was 33 days, up from 32 days the previous month and up 50% from 22 days the prior year. Inventory (Active Listings) for the month was 704 homes, down from 727 the previous month and up 48.8% from 473 listings for the same period last year. |
|
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.
Here's a quick look at what's happening with rate movement, the economy, and the housing market.Primary Mortgage Market Survey
Mortgage Rates Continue to Drop!Mortgage rates fell again this week due to expectations of a Fed rate cut. Rates are expected to continue their decline and while potential homebuyers are watching closely, a rebound in purchase activity remains elusive until further declines are seen. Aspiring homeowners should remember to shop around for the best mortgage rate, as rates can vary widely between lenders. - The 30-year fixed-rate mortgage averaged 6.35%, down 0.11% from the previous week. At this time, a year ago, the 30-year FRM averaged 6.97%.
- The 15-year fixed-rate mortgage averaged 5.51%, down .11% from the previous week. At this time, a year ago, the 15-year FRM averaged 6.25%.
*****************************************************************************
Exciting News for Our Community! We have some exciting news to share! Our beloved golf course has come under new ownership, and they are planning a significant investment in our community. Imagine a beautifully renovated course and a chic, upgraded restaurant right in our neighborhood—both poised to enhance our lifestyle and property values. These improvements are a breath of fresh air and, best of all, they come at no cost to us! As you know, our property values have nearly doubled in recent years, and these upscale amenities will only continue to drive them higher. The future looks bright for our community, and I can't wait to see how these enhancements will make our neighborhood an even more desirable place to live. Let’s get excited about the positive changes ahead!
SAVE THE DATE:
Meet the New Golf Course Owners and their team. November 8, 2024 from 6 pm to 8 pm at the Clubhouse Enjoy complimentary Cocktails & hors d’oeuvres Hope to see you there!
Thank you from Palm Cove's Biggest Fan!
xoxo Sara. |
