Hobe Sound FL 33455 Condo Market Report September 2015

Hobe Sound FL 33455 Condo Market Report September 2015

 

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

 

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

 

There are currently 2 active condo listings. (Unchanged from August)

Hobe Sound FL 33455 Condo Market Report September 2015

4 Condos are pending and awaiting close. (Down by 3 condos from August)

Hobe Sound FL 33455 Condo Market Report September 2015

2 Condos sold in August (Decreased by 1 condos from August)

Hobe Sound FL 33455 Condo Market Report September 2015

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  We remain with only 2 active listings in the Hobe Sound.  It’s pretty incredible that there is as much activity as there is.

The current absorption rate is 1 months (Last month it was .67 months).  This absorption rate should be taken with a liberal grain of salt, as small changes in activity make for very large changes on percentages that may 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 September 2014 numbers were: 19 active listings, 1 pending sales and 2 closed sales.  Considering there are only 2 active listings this year 1/9th of what was available last year and we still have similar activity is pretty amazing.

Hobe Sound FL 33455 Condo Market Report September 2015

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Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report September 2015

 

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