Hobe Sound FL 33455 Condo Market Report August 2015
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for August 2015
For August 2014 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 2 active condo listings. (Down by 1 condos from July)
4 Condos are pending and awaiting close. (Down by 2 condos from July)
3 Condos sold in July (Increased by 2 condos from July)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. We are down to only 2 active listings in the Hobe Sound. Never before so low in modern times. Yet, the sales and pending activity continue to be quite robust for the available units.
The current absorption rate is .67 months (Last month it was 3 months). A first for us as I have never seen an absorption rate under one month in Martin County. 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 August 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 August 2014 numbers were: 18 active listings, 1 pending sales and 2 closed sales. Amazing that the activity is so much better this year with almost no inventory to speak of.
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 August 2015
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