According to the Multiple Listing Service (MLS) of the Realtor Association of Martin County and Martin County public records, the following home sales activity occurred in Palm Cove Golf & Yacht Club for the month ending November 2, 2022.
There are currently No Active Listings in Palm Cove, down one (1) from the previous month. There is one (1) rental listing down one from the previous month. There were zero (0) Active listings in Palm Cove during the same period last year.
There have been seventeen (17) home sales in Palm Cove year to date compared to twenty-six (26) home sales the previous year. There are three (3) homes pending as compared to no homes pending in Palm Cove for the same period last year.
Listed below is a breakdown of properties by type, the number for sale, and list prices.
SUMMARY
For Sale:
Zero (0) Carriage Hill condos - unchanged
Zero (0) Links condos - unchanged
Zero (0) Island Creek townhomes - down one
Zero (0) Fairway homes - down one
Zero (0) Estate homes - down one
For Rent:
One (1) Riverfront home - rental
ACTIVE (0)
COMING SOON (0)
RENTALS (1)
238 SW Palm Cove Drive - 6,072 sq. ft. under air - $20,000 per month
PENDING (3)
910 SW Palm Cove Drive - 2,692 sq. ft. under air - $730,000
2159 SW Balata Terrace - 4,599 sq. ft. under air - $1,395,000 - New Wave Realty
2139 SW Balata Terrace - 4,597 sq. ft. under air - $1,350,000 - New Wave Realty
RENTED (1)
850 SW Palm Cove Drive - 2,692 sq. ft. under air - $5,000 per month
SOLD (3)
2381 SW Carriage Hill Terrace #203 - 2,284 sq. ft. - $379,000 - sold 388,000 - New Wave Realty
2379 SW Island Creek Trail - 1,513 sq. ft. u/a - list $499,000 - sold $460,000 + $30k slip
724 SW Pebble Lane - 2,120 sq. ft. u/air - $615,000 - sale - $615,000 - New Wave Buyer & Seller
Available Slip Certificates (3) Number Asking Price Survey Length Contact 3-10 $80,000 54.2 FS Monty Solazzi (772) 219-3636
3-13 $68,000 50.5 FS w/lift Mike Keenan (703) 626-1400
4-13 $59,900 35.7 SLL w/lift Weiss (772) 221-1581 Martin County Single Family Home Stats through September 2022Closed Home Sales for the month were 160 down from 187 the previous month and down 15.3% from 189 the previous year.
Cash Sales for the month were 60 down from 91 the previous month and down 15.5% from 71 the previous year.
Median Sale Price for the month was $551,000 down from $660,000 the previous month and up 21.1% from $455,000 the previous year.
Average Sale Price for the month was $758,666 down from $848,575 the previous month and up 18.2% from $641.592 the previous year.
Median Time to Contract for the month was 17 days down from 21 days the previous month and up 6.3% from 16 days the previous year.
Active Inventory for the month was 486 listings down from 490 listings the previous month and up 67.6% from 290 listings the previous year.
|
|
Dear Friends and Neighbors,Did you know that there aren't any homes for sale in Palm Cove and that the last four estate homes sold quickly and with multiple offers? I can't promise this will continue, but it shows that our little slice of paradise is still very popular and now is still a really good time to sell! We have a waiting list of Buyers in all price ranges who want to live in Palm Cove, so please give me a call.
The dollar amount in which our homes have appreciated over the past few years is unprecedented. We didn't expect it and what we choose to do with this rare gift will make all the difference!
If you are on the fence about selling, here are some things to consider:
1. Real estate is a great hedge against inflation, and rising interest rates are not a permanent situation. If this is a concern, we encourage you to talk to one of the local lenders we partner with. There are many new loan programs available to borrowers that give you a series of options outside of a 30 year conventional loan.
2. There are many advantages to moving to a newly built home. New construction is more energy efficient and will be maintenance free for many years to come. The use of impact glass and smart home technology will lower your utility bills, and your insurance premiums. Most developers are offering generous incentive packages that include reduced mortgage rates and large credits toward your closing costs. Our team has been partnering with many of the local builders and are happy to take you on a tour of new homes.
Whether you are ready to sell now or setting some longer term goals, I hope you will think of us first. Our experienced and very hard working team will help you to put a plan in place.
Our New Wave Realty team is very thankful for your support and business over the years! We wish you and your loved ones a very Happy Thanksgiving!
xoxo Sara.
|
