Hobe Sound FL 33455 Condo Market Report September 2014

Hobe Sound FL 33455 Condo Market Report September 2014

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for September 2014

 

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

 

There are currently 19 active condo listings. (Up by 1 condo from August)

Hobe Sound FL 33455 Condo Market Report September 2014

1 Condo sale is pending and awaiting close. (Down 3 condos from August)

 

2 Condos sold in August (Unchanged from August)Hobe Sound FL 33455 Condo Market Report September 2014

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. There are now no pending sales in the Hobe Sound for September. Not a good sign for future activity. Active listings increased by one and closed sales remained at 2 units.

The current absorption rate is 9.5 months (Last month it was 9 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 September 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 September 2013 numbers were: 14 active listings, 3 pending sales and 6 closed sales. A considerably weaker market for Hobe Sound condos this year when compared to last year.

Hobe Sound FL 33455 Condo Market Report September 2014

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Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report September 2014

 

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