Hobe Sound FL 33455 Condo Market Report October 2018

Hobe Sound FL 33455 Condo Market Report October 2018

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for October 2018

For October 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 3 active condo listings. (Decreased by 4 condos from September)

Hobe Sound FL 33455 Condo Market Report October 2018

6 Condo is pending and awaiting close. (Up by 5 condos from September)

Hobe Sound FL 33455 Condo Market Report October 2018

2 Condos sold in October. (Down by 1 condo from September)

 Hobe Sound FL 33455 Condo Market Report October 2018

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  The inventory of available condos has once again reached very small levels and this will impact future condo market activity in Hobe Sound.  Yet, even with such little inventory, these condos are moving off the market quite fast.

The absorption rate for Hobe Sound condos was 1.5 months for October as compared to 2.3 months in September).  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 October 2017 numbers were: 13 active listings, 8 pending sales, and 1 closed sales.  Much better activity this year on a vastly smaller number of condos for sale.

Hobe Sound FL 33455 Condo Market Report October 2018

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Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report October 2018

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