Hobe Sound Florida Market Report ZIP Code 33455 – Condo, August 2012
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for August 2012
For August 2012 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 26 active condo listings. (Down 2 from July)
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7 Condo sales are pending and awaiting close or lender approval. (Unchanged from July)
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2 Condos sold in August (A decrease of 1 condos from July)
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The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. August showed very little change from last month. With only 26 units available it’s fairly slim pickings in the Hobe Sound Florida Market Report ZIP Code 33455 condo market. Small changes in any metric will reflect large changes in market activity and unless some dramatic changes occur, I would expect the Hobe Sound condo market to remain fairly static.
The one month absorption rate is 13 months, signifying that it’s still a buyers market. Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer. But, with such low numbers, these indicators can easily be misleading.
The August 2011 numbers were: 42 active listings, 6 pending sales and 3 closed sales. Other than a significantly lower inventory, very similar results.
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Hobe Sound Florida Real Estate presented by:
Gabe Sanders
Hobe Sound Florida Market Report ZIP Code 33455 – Condo, August 2012
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