Hobe Sound FL 33455 Condo Market Report July 2016
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for July 2016
For July 2016 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 3 active condo listings. (Down by 1 condos from June)
6 Condos are pending and awaiting close. (Unchanged in pending condos from June)
3 Condos sold in July. (The same number of closed sales from June)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Inventory levels are at all time lows and it is quite remarkable that there is as much activity as there is in this small segment of the Martin County real estate market.
For July, 2016 the absorption rate is 1 month (it was 1.3 months in June). 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 on percentages that July 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 July 2015 numbers were: 3 active listings, 6 pending sales and 1 closed sales. Very similar numbers to last year with better closed sales for 2016..
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- 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
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