Hobe Sound Florida Market Report ZIP Code 33455 Condo October 2013
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for September 2013
For September 2013 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 15 active condo listings. (Up by 1 condos from September)
4 Condo sales are pending and awaiting close or lender approval. (Up by 1 condo from September)
1 Condos sold in September (Decreased by 4 condos from September)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. For October, there was little change in the market, but unfortunately closed sales dropped to only 1 unit.
The absorption rate for October jumped to 15 moths from last months sellers market of 2.8 months. Back to a strong buyers advantage for those in the Hobe Sound condo market.. Generally, a 6 month absorption rate is considered to be a balanced market favoring neither the seller or buyer. These 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.
The October 2012 numbers were: 29 active listings, 7 pending sales and 2 closed sales. With only half of last years inventory, it’s difficult to generate any good market activity for Hobe Sound condos.
Please use the charts below as reference only as they rely on all residential types of property in the 33455 real estate market:
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 2013
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