Hobe Sound FL 33455 Condo Market Report April 2017

Hobe Sound FL 33455 Condo Market Report April 2017

 

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

 

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

 

There are currently 15 active condo listings. (Decreased by 1 condos from March)

Hobe Sound FL 33455 Condo Market Report April 2017

6 Condos are pending and awaiting close. (Up by 2 pending condos from March)

Hobe Sound FL 33455 Condo Market Report April 2017

4 Condos sold in April. (Unchanged from March)

 Hobe Sound FL 33455 Condo Market Report April 2017

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Sales and pending sales are doing well and the inventory is returning to more normal levels from last year’s extremely low numbers.

The absorption rate for Hobe Sound condos decreased to 3.8 months for April (was 4.0 in March).  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 April 2016 numbers were: 5 active listings, 6 pending sales and 4 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 April 2017

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report April 2017

Hobe Sound FL 33455 Residential Market Report April 2017

Hobe Sound FL 33455 Residential Market Report April 2017

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

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

There are currently 183 active listings. (Down by 17 homes from March)

Hobe Sound FL 33455 Residential Market Report April 2017

94 Residential sales are pending and awaiting close  (Down by 8 homes from March)

Hobe Sound FL 33455 Residential Market Report April 2017

54 Homes Sold in April (Up by 16 homes from last month)

Hobe Sound FL 33455 Residential Market Report April 2017

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County had a very strong completed sales month for April.  We are once again approaching a market with inventory levels low enough that it may affect the future sales numbers.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 decreased to 3.4 months (4.8 months in March).  Even a stronger 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 April 2016 were:  217 active listings, 99 pending sales and 54 closed sales. Very similar volume when compared to last year but with reduced inventory.

Hobe Sound FL 33455 Residential Market Report April 2017

Search here for Hobe Sound Florida Real Estate for Sale

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

Hobe Sound FL 33455 Residential Market Report April 2017

Jensen Beach FL 34957 Condo Market Report April 2017

Jensen Beach FL 34957 Condo Market Report April 2017

 

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

 

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



There are currently 135 active listings. (Increased by 6 condos from March)

Jensen Beach FL 34957 Condo Market Report April 2017

48 Condo sales are pending and awaiting settlement. (Down by 6 condos from March)

Jensen Beach FL 34957 Condo Market Report April 2017

41 Condos Sold (Up by 16 condos from March)

Jensen Beach FL 34957 Condo Market Report April 2017

 The Jensen Beach FL 34957 Condo Market Report for April continued with a very strong increase in sales activity.  I don’t expect this volume to continue into the early summer.

The one month absorption rate for the April 2017, Jensen Beach Florida Market Report ZIP Code 34957 dropped to 3.3 months (from 5.2 months in March), now a very strong seller’s market.   A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The April 2016 numbers were: 113 active listings, 72 pending sales and 37 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 April 2017

Jensen Beach Florida Real Estate presented by:
Gabe Sanders

Gabe Sanders

Jensen Beach FL 34957 Condo Market Report April 2017

Jensen Beach FL 34957 Residential Market Report April 2017

Jensen Beach FL 34957 Residential Market Report April 2017

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

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

 There are currently 179 active listings. (Down by 24 homes from last month)

Jensen Beach FL 34957 Residential Market Report April 2017

98 Residential sales are pending and awaiting close or lender approval. (Up by 16 homes from March)

Jensen Beach FL 34957 Residential Market Report April 2017

46 Homes Sold (Down by 12 homes sale from March)

Jensen Beach FL 34957 Residential Market Report April 2017

The Jensen Beach FL 34957 Residential Market continues with very strong activity from the past month into April.  One of the strongest segments of the Martin County real estate market.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 rose slightly to 3.9 months ( was 3.5 months in March).  Remaining in a strong seller’s market for April.   A 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The April 2016 numbers were: 113 active listings, 72 pending sales and 37 home sales closed.  Better activity this year on a larger pool of homes (inventory).
Jensen Beach FL 34957 Residential Market Report April 2017

Search here for Jensen Beach Real Estate for Sale

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

Jensen Beach FL 34957 Residential Market Report April 2017

Palm City FL 34990 Condo Market Report April 2017

Palm City FL 34990 Condo Market Report April 2017

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

 

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



There are currently 86 active condo listings. (Decreased by 9 condos from March)

   Palm City FL 34990 Condo Market Report April 2017

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

Palm City FL 34990 Condo Market Report April 2017

8 Condos Sold in April. (Up by 4 condos from March)

Palm City FL 34990 Condo Market Report April 2017

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For April of 2017 closed sales increased and pending sales remained close to last month while the inventory decreased.

The current absorption rate for condos in the 34990 zip code area dropped to 10.8 months (was 23.8 months in April). Still a buyers’ market for Palm City condominiums, but trending towards a more balanced market.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The April 2016 numbers were: 65 active listings, 12 pending sales and 8 closed sales.   Very similar closed activity and less pending activity this year but with a larger inventory.
Palm City FL 34990 Condo Market Report April 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 April 2017