Hobe Sound FL 33455 Condo Market Report March 2017

Hobe Sound FL 33455 Condo Market Report March 2017

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for March 2017

 

For March 2017 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 16 active condo listings. (Increased by 3 condos from February)

Hobe Sound FL 33455 Condo Market Report March 2017

4 Condo is pending and awaiting close. (Down by 2 pending condos from February)

Hobe Sound FL 33455 Condo Market Report March 2017

4 Condos sold in March. (Increased by 2 closed sales from February)

 Hobe Sound FL 33455 Condo Market Report March 2017

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  There continues to be solid activity, though with such small numbers, trends are difficult to analyze.

The absorption rate for Hobe Sound condos decreased to 4.0 months for March (was 6.5 in February).  A sellers market for Hobe Sound condos. Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes on percentages that do not reflect 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 March 2016 numbers were: 5 active listings, 7 pending sales and 3 closed sales.  Activity seems to be improving here but it’s very difficult to make meaningful comparisons with such low numbers of sales and inventory, though this segment appears to be returning to more normal volume.

Hobe Sound FL 33455 Condo Market Report March 2017

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report March 2017

Hobe Sound FL 33455 Residential Market Report March 2017

Hobe Sound FL 33455 Residential Market Report March 2017

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for March 2017

  For March 2017 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 200 active listings. (Down by 33 homes from February)

Hobe Sound FL 33455 Residential Market Report March 2017

102 Residential sales are pending and awaiting close  (Up by 26 homes from February)

Hobe Sound FL 33455 Residential Market Report March 2017

42 Homes Sold in March (Down by 8 homes from last month)

Hobe Sound FL 33455 Residential Market Report March 2017

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues with strong activity even though the inventory is starting to become an issue with it’s low levels.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 inched up to 4.8 months (4.7 months in February).  Still in a sellers’ market for Hobe Sound residential real estate.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for March 2016 were:  212 active listings, 105 pending sales and 56 closed sales. Slightly stronger activity last year, but this was with a bit more inventory as well.

Hobe Sound FL 33455 Residential Market Report March 2017

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Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Hobe Sound FL 33455 Residential Market Report March 2017

Jensen Beach FL 34957 Condo Market Report March 2017

Jensen Beach FL 34957 Condo Market Report March 2017

 

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for March 2017

 

For March 2017 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :



There are currently 129 active listings. (Increased by 6 condos from February)

Jensen Beach FL 34957 Condo Market Report March 2017

54 Condo sales are pending and awaiting settlement. (Down by 5 condos from February)

Jensen Beach FL 34957 Condo Market Report March 2017

25 Condos Sold (Up by 6 condos from February)

Jensen Beach FL 34957 Condo Market Report March 2017

 The Jensen Beach FL 34957 Condo Market Report for March showed a strong increase in sales but unfortunately pending sales were off a bit, indicating a potential for slower closed activity in the near future.

The one month absorption rate for the March 2017, Jensen Beach Florida Market Report ZIP Code 34957 declined to 5.2 months (from 7.7 months in February), back into a sellers market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The March 2016 numbers were: 25 active listings, 13 pending sales and 9 condos closed.  We had a change in reporting data collection methods and are now including all condos in the 34957 zip code which increases the sampling data base, so the comparisons from last year are not valid at present.

Jensen Beach FL 34957 Condo Market Report March 2017

Jensen Beach Florida Real Estate presented by:
Gabe Sanders

Gabe Sanders

Jensen Beach FL 34957 Condo Market Report March 2017

Jensen Beach FL 34957 Residential Market Report March 2017

Jensen Beach FL 34957 Residential Market Report March 2017

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for March 2017

 For March 2017 in the 34957 Zip Code area of Jensen Beach, Florida :

 There are currently 203 active listings. (Up by 13 homes from last month)

Jensen Beach FL 34957 Residential Market Report March 2017

82 Residential sales are pending and awaiting close or lender approval. (Down by 14 homes from February)

Jensen Beach FL 34957 Residential Market Report March 2017

58 Homes Sold (Up by 31 homes sale from February)

Jensen Beach FL 34957 Residential Market Report March 2017

The Jensen Beach FL 34957 Residential Market showed a very strong month for closed sales.  Pending sales dropped  a little but continue to be strong along with good inventory.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 plunged to 3.5 months ( was 7 months in February).  A very strong sellers market for March.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The March 2016 numbers were: 124 active listings, 66 pending sales and 29 home sales closed.  Considerably greater inventory this year with a corresponding increase in both closed and pending sales.
Jensen Beach FL 34957 Residential Market Report March 2017

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Jensen Beach Florida Real Estate presented by:
the Gabe Sanders real estate team

Jensen Beach FL 34957 Residential Market Report March 2017

Palm City FL 34990 Condo Market Report March 2017

Palm City FL 34990 Condo Market Report March 2017

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for March 2017

 

For March 2017 in the 34990 Zip Code area of Palm City, Florida :



There are currently 95 active condo listings. (Increased by 3 condos from February)

   Palm City FL 34990 Condo Market Report March 2017

10 Condo sales are pending and awaiting close or lender approval. (Down by 1 condos from last month)

Palm City FL 34990 Condo Market Report March 2017

4 Condos Sold in March. (Down by 2 condos from February)

Palm City FL 34990 Condo Market Report March 2017

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For March of 2017 activity decreased for both pending and closed sales and there’s quite a lot of room for improvement in this segment of the Martin County condo market.

The current absorption rate for condos in the 34990 zip code area jumped to 23.8 months (was 15.3 months in March). A very strong buyers’ market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The March 2016 numbers were: 65 active listings, 15 pending sales and 4 closed sales.   Similar activity this year but with a much larger inventory.
Palm City FL 34990 Condo Market Report March 2017

Stuart Florida Real Estate presented by:
Gabe Sanders

 

Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report March 2017