Hobe Sound Florida Market Report ZIP Code 33455 – Condo, November 2012
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for November 2012
For November 2012 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 26 active condo listings. (Down 3 from October)
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10 Condo sales are pending and awaiting close or lender approval. (An increase of 3 condos from October)
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1 Condos sold in November (A decrease of 1 condo from October)
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The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. November showed very little change from last month (which showed very little change from August). There was only one closed sale, while pending sales were up to 10 indicating a better potential for future closed sales.
The one month absorption rate is up to 26 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 November 2011 numbers were: 40 active listings, 6 pending sales and no closed sales. Even in this small slower market segment, we’re still seeing improved activity from last year.
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Hobe Sound Florida Real Estate presented by:
Gabe Sanders
Hobe Sound Florida Market Report ZIP Code 33455 – Condo, November 2012
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