Hobe Sound FL 33455 Condo Market Report January 2015

Hobe Sound FL 33455 Condo Market Report January 2015

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for January 2015

 

For January 2014 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 17 active condo listings. (Up by 4 condos from December)

Hobe Sound FL 33455 Condo Market Report January 2015

3 Condo sale is pending and awaiting close. (Down by 3 condos from December)

 Hobe Sound FL 33455 Condo Market Report January 2015

3 Condos sold in December (Decreased by 2 condos from December)

Hobe Sound FL 33455 Condo Market Report January 2015

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory rose for January for the second month in a row.  A welcome sight.   While closed and pending sales decreased from last month, this is still a very active segment of the Martin County real estate market.

The current absorption rate is 5.7 months (Last month it was 2.6 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 January not indicate 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 January 2014 numbers were: 22 active listings, 4 pending sales and 1 closed sales.  For the past three months, even with such limited inventory, the Hobe Sound condo market has performed much better than last year.

Hobe Sound FL 33455 Condo Market Report January 2015

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Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report January 2015

 

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