Hobe Sound Florida Market Report ZIP Code 33455 – Condo, October 2012
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for October 2012
For October 2012 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 29 active condo listings. (Up 1 from September)
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7 Condo sales are pending and awaiting close or lender approval. (Unchanged from September)
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2 Condos sold in October (Unchanged from September)
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The Hobe Sound condo market (Zip Code 33455) is tied now ith the Jensen Beach area as the smallest segment of the Martin County real estate market. October showed very little change from last month (which showed very little change from August). Only an increase of 1 condos in inventory with both pending and closed sales remaining unchanged from September.
The one month absorption rate is 14.5 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. With the holidays approaching, I’m not expecting any significant change in the Hobe Sound condo market in the coming months.
The October 2011 numbers were: 42 active listings, 3 pending sales and 2 closed sales. Other than a lower inventory, very similar results to this year’s activity.
Search here for Hobe Sound Florida Real Estate for Sale ( Condos)
Hobe Sound Florida Real Estate presented by:
Gabe Sanders
Hobe Sound Florida Market Report ZIP Code 33455 – Condo, October 2012
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