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 Martin County's public records, the following home sales activity occurred in Palm Cove Golf & Yacht Club in year to date.
Thirteen (13) homes are for sale in Palm Cove, up one from last month. There were four (4) homes for sale during the same period the previous year. One (1) home is for rent, unchanged from last month.
There are no homes under contract in Palm Cove. Three (3) homes have sold in Palm Cove year to date as compared to three (3) home sales in the same period last year.
Below is a breakdown of properties by type, the number for sale, and list prices.
SUMMARY:
FOR SALE (13)
2394 SW Island Creek Trail - 1,513 sq. ft. under air - $620,000 $610,000
855 SW Pebble Lane - 2,101 sq. ft. under air - $640,000 - no pool - New Wave Realty
Back on Market 736 SW Pebble Lane - 2,045 sq. ft. under air - no pool - $665,000
856 SW Pebble Lane - 2,345 sq. ft. under air - $689,000 - no pool
742 SW Palm Cove Drive- 2,216 sq. ft. under air - $735,000 pool & slip avail - New Wave Realty
New 2442 SW Island Creek Tr - 2,765 sq. ft u/a - $965,000 pool, slip & boat available
119 SW Hatteras Ct - 2,860 sq. ft. under air - $1,249,000 - New Wave Realty
254 SW Harbor View Dr - 3,651 sq. ft. under air - $1,350,000 $1,299,999
2119 SW Balata Terr - 3,699 sq. ft. under air - $1,495,000 - New Wave Realty
2610 SW Bridgeview Terr - 3,364 sq. ft. under air w/slip - $1,600,000 $1,375,000
1979 SW Balata Terr - 4,961 sq. ft. under air - $1,650,000 $1,590,000
58 SW Palm Cove Drive - 5,257 sq. ft. under air - $2,100,000 $1,995,000 - New Wave Realty
166 SW Palm Cove Drive - 4,818 sq. ft. under air - $4,125,000 $3,495,000
FOR RENT (1)
879 SW Pebble Lane - 2,369 sq. ft under air - no pool - $4,100 per month
PENDING (0)
TOTAL SALES IN 2025 (3)
2381 SW Carriage Hill Terr #203 - 2,284 sq. ft. - ask $489,900 - sold $475,000
2385 SW Island Creek - 2,037 sq. ft. - ask $550,000 - sold $500,000 New Wave Buyer & Seller
982 SW Palm Cove Drive - 2,669 sq. ft. under air w/slip - last ask $749,000 - sold $735,000
Available Slip Certificates (7) Number Asking Price Survey Length Contact 1-4 $52,000 41.4 SLL (lift) Allen (772) 486-9088
2-7 $67,000 40.8 FS (lift) Hancock (772) 678-6508
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 154, down from 115, the previous month, and down 5.5% from 163 the prior year. Cash Sales for the month were 80, up from 56, the previous month, and down 10.9% from 89 the prior year. Median Sale Price for the month was $649,950, up from $619,000, the previous month and unchanged from $650,000 the prior year. Average Sale Price for the month was $1,240,577, down from $1,253,871, the previous month, and up 28.9% from $962,537 the prior year. Median Time to Contract for the month was 40 days, down from 52 days, the previous month, and unchanged from the prior year. Inventory (Active Listings) for the month were 969, up from 892, the previous month, and up 43.1% from 677 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 continue to trend down - 'The average 30-year fixed-rate mortgage continues to trend down, remaining under 7% for the twelfth consecutive week,” said Sam Khater, Freddie Mac’s Chief Economist. “As purchase applications continue to climb, the spring homebuying season is shaping up to look more favorable than last year.
***************************************************************************** Palm Cove Market Update & Real Estate Insights – Q1 2025 As we wrap up the first quarter of 2025, it's clear the real estate landscape—both locally and nationally—is going through a shift. Here in Palm Cove, inventory has surged by an eye-opening 307% compared to this time last year. While this may seem concerning on the surface, it's also creating new opportunities for Buyers who’ve been sitting on the sidelines. The good news? Mortgage rates are beginning to trend downward, and price adjustments are giving Buyers the motivation they need to re-engage. Well-positioned homes—especially in highly desirable communities like ours—are still selling and attracting strong interest. Presentation, pricing, and location are everything in today’s market. On a broader scale, we’re seeing similar patterns across Martin County and the national market. Inventory levels are climbing, but buyer activity is expected to rebound as economic conditions stabilize. Those who prepare early and position their homes correctly will be ahead of the curve. As your Palm Cove neighbor and local real estate expert, I want to sincerely thank you for your continued trust and support. Whether you've worked with me before, referred a friend, or simply reached out with questions—I’m grateful. If you're thinking about selling, curious about your home’s value, or wondering how to strategically navigate the current market, I’m here to help with personalized guidance, staging expertise, and a results-driven approach. Let's position your home to stand out—and sell—for top dollar. Let’s talk strategy.
📞 Call/text me anytime or send a message to schedule your personalized market consultation. Happy Passover and Happy Easter!
Warm regards,
Sara Crombie
New Wave Real Estate Group
Your Neighbor. Your Realtor. Your Advocate. |
