Hobe Sound FL Market Report ZIP Code 33455 – Condo, February 2013
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for February 2013
For February 2013 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 18 active condo listings. (Down by 1 condo from January)
9 Condo sales are pending and awaiting close or lender approval. (Increased by 1 condo from January)
4 Condos sold in February (Unchanged from January)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. With a significant further decrease in inventory, I don’t see any meaningful market activity coming from this segment in the spring. For February, good strong closed and pending activity when considering only 18 available condos for sale in this market segment.
The one month absorption rate is down to 4.5 months, signifying a seller’s market. Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer. If you’re a Hobe Sound condo owner and thinking of selling. This is your strongest market in over 7 years.
The February 2012 numbers were: 32 active listings, 4 pending sales and 1 closed sales. The Hobe Sound condo market activity for February of 2013 was far superior to the same month last year.
Hobe Sound Florida Real Estate presented by:
Hobe Sound Florida Market Report ZIP Code 33455 – Condo, February 2013