Hobe Sound Florida Market Report ZIP Code 33455 – Condo, December 2012
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for December 2012
For December 2012 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 26 active condo listings. (Unchanged from November)
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10 Condo sales are pending and awaiting close or lender approval. (No change from November)
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2 Condos sold in December (An increase of 1 condo from November)
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The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. December showed very little change from last month (which showed very little change from the previous months as well). In fact the only change was an increase to 2 closed sales from 1 the previous month.
The one month absorption rate is up to 13 months, signifying that it’s still a buyers market. But this will almost certainly change in the coming months. 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 December 2011 numbers were: 37 active listings, 7 pending sales and 5 closed sales. Not quite as robust as last year even when factoring in the smaller inventory of available homes.
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Hobe Sound Florida Real Estate presented by:
Gabe Sanders
Hobe Sound Florida Market Report ZIP Code 33455 – Condo, December 2012
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