Hobe Sound FL 33455 Residential Market Report April 2018

Hobe Sound FL 33455 Residential Market Report April 2018

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for April 2018

  For April 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 185 active listings. (Decreased by 9 homes from March)

Hobe Sound FL 33455 Residential Market Report April 2018

101 Residential sales are pending and awaiting close  (Down by 4 homes from March)

Hobe Sound FL 33455 Residential Market Report April 2018

52 Homes Sold in April (Up by 7 homes from last month)

Hobe Sound FL 33455 Residential Market Report April 2018

The Hobe Sound Florida Market Report ZIP Code 33455 showed strong activity for April with closed sales increasing from March as well as strong pending sales numbers.  The inventory is getting quite low by historical standards and could use some mprovemtn with more homes for sale.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 3.6 months ( It was 4.3 months in March).  In a pretty extreme seller’s 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 2017 were:  183 active listings, 94 pending sales, and 54 closed sales.  A very hot market that is similar in sales volume and inventory to last year.

Hobe Sound FL 33455 Residential Market Report April 2018

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Hobe Sound FL 33455 Residential Market Report April 2018

Jensen Beach FL 34957 Condo Market Report April 2018

Jensen Beach FL 34957 Condo Market Report April 2018

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for April 2018

For April 2018 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County):

There are currently 118 active listings. (Increased by 9 condos from March)

Jensen Beach FL 34957 Condo Market Report April 2018

40 Condo sales are pending and awaiting settlement. (Down by 18 condos from March)

Jensen Beach FL 34957 Condo Market Report April 2018

42 Condos Sold (Up by 15 condos from March)

Jensen Beach FL 34957 Condo Market Report April 2018

 The Jensen Beach FL 34957 Condo Market Report for April had a very nice increase in closed sales.  Unfortunately pending sales were down indicating a possibility for a reduced volume of closed sales for the coming months.  Inventory rose from last month which is a good sign and unlike most of the rest of Martin County areas.

The one month absorption rate for the April 2018, Jensen Beach Florida Market Report ZIP Code 34957 plunged to 2.8 months (from 4.0 months in March), an even stronger 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 2017 numbers were: 135 active listings, 48 pending sales, and 41 condos closed.  Very similar numbers when compared to last year.

Jensen Beach FL 34957 Condo Market Report April 2018

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Jensen Beach FL 34957 Condo Market Report April 2018

Jensen Beach FL 34957 Residential Market Report April 2018

Jensen Beach FL 34957 Residential Market Report April 2018

 Jensen Beach Real Estate Snapshot for ZIP Code 34957, Residential Sales for April 2018

 For April 2018 in the 34957 Zip Code area of Jensen Beach, Florida:

 There are currently 169 active listings. (Down by 17 from last month)

Jensen Beach FL 34957 Residential Market Report April 2018

102 Residential sales are pending and awaiting close or lender approval. (Up by 9 homes from March)

Jensen Beach FL 34957 Residential Market Report April 2018

59 Homes Sold (Increased by 15 homes from March)

Jensen Beach FL 34957 Residential Market Report April 2018

The Jensen Beach FL 34957 Residential Market could use some more homes for sale as the current inventory is just flying off the market with brisk sales.
The current absorption rate for the Jensen Beach Florida Market Report ZIP Code 34957 plunged to 2.9 months ( was 5.5 months in March).  A very strong seller’s market for Jensen Beach residential sales after a month that inched close to a balanced market.   A 6 to 7-month absorption rate is considered to be a balanced market favoring neither the seller or buyer.
The April 2017 numbers were: 179 active listings, 98 pending sales, and 49 home sales closed.  Better activity for this year when compared to April 2017.
Jensen Beach FL 34957 Residential Market Report April 2018
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Jensen Beach FL 34957 Residential Market Report April 2018

Palm City FL 34990 Condo Market Report April 2018

Palm City FL 34990 Condo Market Report April 2018

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for April 2018

For April 2018 in the 34990 Zip Code area of Palm City, Florida :

There are currently 88 active condo listings. (Decreased by 8 condos from March)

   Palm City FL 34990 Condo Market Report April 2018

15 Condo sales are pending and awaiting close or lender approval. (Up by 3 condos from last month)

Palm City FL 34990 Condo Market Report April 2018

7 Condos Sold in April. (Down by 2 condos from March)

Palm City FL 34990 Condo Market Report April 2018

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market.  For April there was an improvement pending sales while closed sales were down by 2 condos.  The Palm City condo market is hampered by two equity golf course communities with slow sales in the current environment.

The current absorption rate for condos in the 34990 zip code area climbed to 12.6 months (was 10.7 months in July).  Still in a buyer’s market for Palm City condominiums.  A balanced market is considered to be an absorption rate of around 6 to 7 months.
The April 2017 numbers were: 86 active listings, 9 pending sales, and 8 closed sales.  Very similar activity as compared to last year with the exception of considerably better pending activity this year.
Palm City FL 34990 Condo Market Report April 2018
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Stuart Florida Real Estate presented by:
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Palm City Florida Real Estate presented by:
Gabe Sanders

Palm City FL 34990 Condo Market Report April 2018

Palm City FL 34990 Residential Market Report April 2018

Palm City FL 34990 Residential Market Report April 2018

 Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for April 2018

For April 2018 in the 34990 Zip Code area of Palm City Florida :

 There are currently 364 active listings (Decreased by 27 homes from March)

Palm City FL 34990 Residential Market Report April 2018

193 Residential sales are pending and awaiting close or lender approval. (Up by 22 homes from last month)

Palm City FL 34990 Residential Market Report April 2018

64 Homes Sold in March (Down by 17 homes from March)

Palm City FL 34990 Residential Market Report April 2018

The Palm City FL, zip code 34990 residential real estate market is going to have an issue maintaining good momentum if the inventory continues to drop as it has the past few months.  Pending sales remain very strong even as closed sales were off from last month.
The monthly absorption rate rose to 5.7 months from 4.8 months in March.  Still a slight seller’s market for the Palm City zip code 34990 area for residential sales, though trending back towards a balanced market.  A 6 to 7-month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The April 2017 numbers were:  403 active listings, 191 pending sales, and 80 closed sales.  Somewhat slower closed sales this year, but this is with a greatly reduced number of homes available for sale (inventory).

Palm City FL 34990 Residential Market Report April 2018

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Palm City FL 34990 Residential Market Report April 2018