Hobe Sound FL 33455 Condo Market Report December 2014
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for December 2014
For December 2014 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 13 active condo listings. (Up by 4 condos from November)
6 Condo sale is pending and awaiting close. (Up by 2 condos from November)
5 Condos sold in November (Increased by 1 condo from November)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Inventory rose for December after being down to under 10 condos for last month. Nice activity for the month as well considering such low availability of condos. Both close and pending sales were up.
The current absorption rate is 2.6 months (Last month it was 2.3 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 December not indicate a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.
The December 2013 numbers were: 23 active listings, 3 pending sales and no closed sales. For the past two months, the Hobe Sound condo market has performed much better than last year.
Hobe Sound Florida Real Estate presented by: the Gabe Sanders BlueWater Realty Team.
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