Hobe Sound Florida Market Report ZIP Code 33455 Condo November 2013
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for November 2013
For October 2013 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 21 active condo listings. (Up by 6 condos from October)
3 Condo sales are pending and awaiting close or lender approval. (Down by 1 condo from October)
2 Condos sold in October (Increased by 2 condos from October)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. For November, there was a nice increase in active listings. Unfortunately pending sales decreased by 1 condo. Sales were only 2 units.
The absorption rate for November decreased to 10.5 moths from last months 15 months. Still a buyers advantage for those in the Hobe Sound condo market.. Generally, a 6 to 7 month absorption rate is considered to be a balanced market favoring neither the seller or buyer. These 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.
The November 2012 numbers were: 26 active listings, 10 pending sales and 1 closed sales. Much stronger pending activity last year. With the increasing inventory, I’m hoping for better numbers in the coming season.
Please use the charts below as reference only as they rely on all residential types of property in the 33455 real estate market:
Search here for Hobe Sound Florida Real Estate for Sale ( Condos)
Hobe Sound Florida Real Estate presented by:
Gabe Sanders
Hobe Sound Florida Market Report ZIP Code 33455 Condo November 2013
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