Hobe Sound FL 33455 Condo Market Report May 2014
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for May 2014
For April 2013 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 20 active condo listings. (Down by 1 condo from April)
5 Condo sales are pending and awaiting close or lender approval. (Decreased by 1 condo from April)
3 Condos sold in April (Down by 2 condos from April)
The Hobe Sound condo market (Zip Code 33455) is one of the smallest segments of the Martin County real estate market (along with the Jensen Beach condo market). Unfortunately closed sales were off as well as pending sales for May. The inventory is now down to only 20 available condos, so I’m not expecting any great movement here until this number can increase.
The current absorption rate is 6.7 months (Last month it was 4.2 months). The statistics within this segment should be taken with a grain of salt, as small changes in activity make for very large changes on percentages that may not indicate a true trend in the market. Yet even with these low numbers, we are in a balanced market for condos in the 33455 zip code area of Hobe Sound. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.
The May 2013 numbers were: 21 active listings, 5 pending sales and 4 closed sales. Little change in market activity from last years numbers.
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Hobe Sound Florida Real Estate presented by:
Gabe Sanders
Hobe Sound FL 33455 Condo Market Report May 2014
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