Hobe Sound Florida Condos for Sale and Sold Report 33455 ZIP Code March 2014
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for March 2014
For February 2013 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 22 active condo listings. (Down by 1 condo from February)
7 Condo sales are pending and awaiting close or lender approval. (Increased by 4 condos from February)
3 Condos sold in February (Unchanged from February)
The Hobe Sound condo market (Zip Code 33455) is one of the smallest segments of the Martin County real estate market (along with the Jensen Beach condo market). March 2014 market activity saw little change in inventory and closed sales, along with a nice jump in pending sales.
The current absorption rate is 7.3 months (Last month it was 7.6 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 may not indicate a true trend in the market. Yet even with these low numbers, we are close to a balanced market for condos in the 33455 zip code area of Hobe Sound. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.
The March 2013 numbers were: 22 active listings, 9 pending sales and 2 closed sales. Very close to last years market activity.
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Hobe Sound Florida Real Estate presented by:
Gabe Sanders
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