Hobe Sound FL 33455 Condo Market Report August 2019
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for August 2019
For August 2018 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 9 active condo listings. (Down by 1 condo from July)
6 Condos are pending and awaiting close. (Up by 1 condo from July)
5 Condos sold in August. (Up by 2 condos from July)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. It is difficult to track such small numbers though this market remains quite active.
The absorption rate for Hobe Sound condos was 1.8 months for August (it was 3.3 months for 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 2018 numbers were: 4 active listings, 4 pending sales, and 4 closed sales. It’s difficult to make meaningful comparisons with last year when there’s such a small sampling of condos in Hobe Sound. Though, there was some increased activity this year.
Are you interested in the value of your Hobe Sound FL Condo?
Click on this link and fill out the form for an accurate personal evaluation
Hobe Sound Florida Real Estate presented by:
Gabe Sanders
For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.
Leave a Reply