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.
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 during January of 2025.
Eight (8) homes are for sale in Palm Cove, up two (2) from last month. One (1) home is for rent, unchanged from last month. Five (5) homes were for sale in the same period the previous year.
Four (4) homes are under contract in Palm Cove, two (2) more than last month compared to three (3) homes under contract during the same period the previous year. There were no homes sold in Palm Cove in January of 2025. No homes sold in the same period last year.
Below is a breakdown of properties by type, the number for sale, and list prices.
SUMMARY:
FOR SALE (8)
2379 SW Island Creek Trail - 1,513 sq. ft. under air - $534,900 $519,900 - Reduced
2394 SW Island Creek Trail - 1,513 sq. ft. under air - $645,000 $620,000
855 SW Pebble Lane - 2,101 sq. ft. under air - $650,000 $640,000 - no pool - New Wave Realty
742 SW Palm Cove Drive- 2,216 sq. ft. under air - $735,000 pool & slip avail - New Wave Realty
254 SW Harbor View Drive - 3,651 sq. ft. under air - $1,399,000
2610 SW Bridgeview Terrace - 3,364 sq. ft. under air w/slip - $1,700,000 $1,650,000
NEW - 58 SW Palm Cove Drive - 5,257 sq. ft. under air - $2,100,000 - New Wave Realty
NEW - 166 SW Palm Cove Drive - 4,818 sq. ft. under air - $4,125,000
FOR RENT (1)
2358 SW Island Creek Trail - 2,750 sq. ft under air - $3,650 per month
PENDING (4)
2381 SW Carriage Hill Terr #203 - 2,284 sq. ft. - last ask $489,900
2385 SW Island Creek Trail - 2,037 sq. ft. - last ask $550,000 - New Wave Realty
736 SW Pebble Lane - 2,045 sq. ft. - last ask $665,000
982 SW Palm Cove Drive - 2,669 sq. ft. under air w/slip - last ask $749,000
TOTAL SALES IN 2025 (0)
There have been no home sales year to date in Palm Cove
Available Slip Certificates (6) Number Asking Price Survey Length Contact 1-4 $52,000 41.4 SLL (lift) Allen (772) 486-9088
5-1 $70,000 49.8 SLL McCluskey (772) 214-8460
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 (860) 490-9724
Beam Limitation 11.5
6-8 $50,000 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 176, up from 127 the previous month and up 37.8% from 128 the prior year. Cash Sales for the month were 85 up from 66 the previous month and up 19.7% from 71 the prior year. Median Sale Price for the month was $585,000, up from $550,000 the previous month and up 4.5% from $560,000 the prior year. Average Sale Price for the month was $828,809, up from $770,569 the previous month and up 0.8% from $822,106 the prior year. Median Time to Contract for the month was 42 days, up from 38 days the previous month and up 68% from 25 days the prior year. Inventory (Active Listings) for the month was 829 up from 800 homes the previous month and up 40.5% from 590 listings for the same period last year.
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Here's some more news you can use:
Primary Mortgage Market Survey
MORTGAGE RATES DECREASE - The 30-year fixed-rate mortgage decreased this week, averaging 6.89%. Mortgage rates have been stable over the last month, and incoming data suggests that the economy remains firm.
Even though rates are higher compared to last year, the previous two weeks of mortgage applications are modestly above what was seen a year ago, indicating some latent demand in the market.
- The 30-year fixed-rate mortgage averaged 6.89%, up 0.06% from the previous week. At this time, a year ago, the 30-year FRM averaged 6.76%.
- The 15-year fixed-rate mortgage averaged 6.05% up 0.07% from the previous week. At this time, a year ago, the 15-year FRM averaged 5.99%.
***************************************************************************** Dear Palm Cove Friends and Neighbors,
As we step into 2025, I want to take a moment to thank you for trusting me with your real estate needs in the past year. Whether you bought your dream home, sold a cherished property, or referred a friend, your support means everything to me. This year, I’m excited to bring you more market insights, helpful tips, and updates to guide you in all things real estate. I may not always be your first Realtor, but I want to be your last. New Wave Real Estate Group offers innovative marketing strategies and staging techniques that will make your property outshine the others.
Wishing you and your loved ones a very Happy Valentines Day! xoxo Sara Crombie
New Wave Real Estate Group
772-631-0960 |
