Hobe Sound FL 33455 Condo Market Report May 2015
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for May 2015
For May 2014 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 8 active condo listings. (Down by 2 condos from April)
4 Condos are pending and awaiting close. (Up by 2 condos from April)
1 Condos sold in April (Decreased by 4 condos from April)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. As we deplete the pending inventory with closed sales, this will continue to be a difficult segment of the Martin County condo market until we get more inventory of available condos.
The current absorption rate is 8 months (Last month it was 2 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 may 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 May 2014 numbers were: 20 active listings, 5 pending sales and 3 closed sales. Currently with single digit inventory numbers, it is very difficult to generate any kind of volume for condo sales in Hobe Sound.
Search Hobe Sound Condominium Properties by Price
- Condominium Properties for Sale in Hobe Sound, Florida Between $0 – $100,000
- Condominium Properties for Sale in Hobe Sound, Florida Between $100,000 – $200,000
- Condominium Properties for Sale in Hobe Sound, Florida Between $400,000 – $500,000
- Condominium Properties for Sale in Hobe Sound, Florida Between $500,000 – $600,000
- Condominium Properties for Sale in Hobe Sound, Florida Between $700,000 – $800,000
Hobe Sound Florida Real Estate presented by:
Gabe Sanders
Hobe Sound FL 33455 Condo Market Report May 2015
Leave a Reply