Hobe Sound FL 33455 Condo Market Report August 2017
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for August 2017
For August 2017 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 15 active condo listings. (Decreased by 4 condos from July)
4 Condos are pending and awaiting close. (Up by 1 condo from July)
6 Condos sold in August. (Increased by 6 condos from July)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. A nice increase in sales for the month as compared to no sales for July.
The absorption rate for Hobe Sound condos was 5 months for August as compared to no sales in July). 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 in 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 August 2016 numbers were: 4 active listings, 5 pending sales, and 3 closed sales. Better overall activity this year when compared to last year.
Hobe Sound Florida Real Estate presented by:
Gabe Sanders
Hobe Sound FL 33455 Condo Market Report August 2017
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