Hobe Sound FL 33455 Condo Market Report June 2016

Hobe Sound FL 33455 Condo Market Report June 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for June 2016

For June 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 4 active condo listings. (Down by 1 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2016

6 Condos are pending and awaiting close. (Down by 1 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2016

3 Condos sold in June. (Up by 3 from last month)

Hobe Sound FL 33455 Condo Market Report June 2016

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Inventory levels are at all time lows and it is quite remarkable that there is as much activity as there is in this small segment of the Martin County real estate market.

For June, 2016 the absorption rate is 1.3 months which is what it was back in April (with no sales reported in May, there was no absorption rate for that month).  Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes on percentages that June not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The June 2015 numbers were: 9 active listings, 2 pending sales and 6 closed sales.  Better closed activity for last year, but this was with over twice as many active condos for sale.  Inventory, or lack of, is playing a major obstacle in the Hobe Sound condo market.

Hobe Sound FL 33455 Condo Market Report June 2016

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Hobe Sound FL 33455 Condo Market Report June 2016

Hobe Sound FL 33455 Residential Market Report June 2016

Hobe Sound FL 33455 Residential Market Report June 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for June 2016

  For June 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 193 active listings. (Down by 20 homes from May)

Hobe Sound FL 33455 Residential Market Report June 2016

100 Residential sales are pending and awaiting close  (Up by 10 homes from May)

Hobe Sound FL 33455 Residential Market Report June 2016

54 Homes Sold in June (Up by 2 homes from last month)

Hobe Sound FL 33455 Residential Market Report June 2016

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues perform strongly even as the inventory declined for this month, though still greater than last year.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 inched up to 3.6 months (4.1 months in May).  Continuing in the trend for all of Martin County as a sellers market.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for June 2015 were:  150 active listings, 119 pending sales and 61 closed sales.  Interestingly for Hobe Sound the inventory is up from last year while volume of sales and pending sales is still lower.  Though, this is still an active market, just not as super heated as last year.

Hobe Sound FL 33455 Residential Market Report June 2016

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Hobe Sound FL 33455 Residential Market Report June 2016

Hobe Sound FL 33455 Condo Market Report May 2016

Hobe Sound FL 33455 Condo Market Report May 2016

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for May 2016

 

For May 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 5 active condo listings. (No change in active condos from April)

Hobe Sound FL 33455 Condo Market Report May 2016

7 Condos are pending and awaiting close. (Up by 1 condos from April)

Hobe Sound FL 33455 Condo Market Report May 2016

No Condos sold in May. (Down by 4 from last month)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  We are down to only 5 available condos for sale in all of Hobe Sound which is not much for buyers to choose from.  Pending sales are strong, but there were no closed sales in May.

There were no sales in Hobe Sound condos for May, but for April the absorption rate was 1.3 months.  Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes on percentages that may not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The May 2015 numbers were: 8 active listings, 4 pending sales and 1 closed sales.  Pending sales are the only statistic that is doing better this year than last.

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Hobe Sound FL 33455 Condo Market Report May 2016

 

Hobe Sound FL 33455 Residential Market Report May 2016

Hobe Sound FL 33455 Residential Market Report May 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for May 2016

  For May 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 213 active listings. (Down by 4 homes from April)

Hobe Sound FL 33455 Residential Market Report May 2016

90 Residential sales are pending and awaiting close  (Down by 9 homes from April)

Hobe Sound FL 33455 Residential Market Report May 2016

52 Homes Sold in May (Down by 2 homes from last month)

Hobe Sound FL 33455 Residential Market Report May 2016

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues to be a strong market even as sales and pending sales were slightly down from the previous month.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 inched up to 4.1 months (4.0 months in April).  The third month in a row of being in a sellers market after two months of a balanced one.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for May 2015 were:  180 active listings, 113 pending sales and 65 closed sales.  Market activity was better last year even with a reduce inventory, though this is still an active market.

Hobe Sound FL 33455 Residential Market Report May 2016

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Hobe Sound FL 33455 Residential Market Report May 2016

Hobe Sound FL 33455 Condo Market Report April 2016

Hobe Sound FL 33455 Condo Market Report April 2016

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for April 2016

 

For April 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 5 active condo listings. (No change in active condos from March)

Hobe Sound FL 33455 Condo Market Report April 2016

6 Condos are pending and awaiting close. (Down by 1 condos from March)

Hobe Sound FL 33455 Condo Market Report April 2016

4 Condos sold. (Up by 1 from last month)

 Hobe Sound FL 33455 Condo Market Report April 2016

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  April showed strong activity for the little existing inventory available for Hobe Sound Condos.

There were no sales in Hobe Sound condos for both January and March, but for April the absorption rate is 1.3 months, for December of 2015 it was 1.7 months.  Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes on percentages that may not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The April 2015 numbers were: 10 active listings, 2 pending sales and 5 closed sales.  Considering we have just over half the active inventory from last year, this months sales volume is impressive.

Hobe Sound FL 33455 Condo Market Report April 2016

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Hobe Sound FL 33455 Condo Market Report April 2016

 

Hobe Sound FL 33455 Residential Market Report April 2016

Hobe Sound FL 33455 Residential Market Report April 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for April 2016

  For April 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 217 active listings. (Up by 9 homes from March)

Hobe Sound FL 33455 Residential Market Report April 2016

99 Residential sales are pending and awaiting close  (Down by 17 homes from March)

Hobe Sound FL 33455 Residential Market Report April 2016

54 Homes Sold in April (Down by 2 homes from last month)

Hobe Sound FL 33455 Residential Market Report April 2016

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County while still an active market is showing some signs of weakness with less close sales and pending sales and an increasing inventory.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 4.0 months (3.8 months in March).  The second month in a row of being in a sellers market after two months of being in a balance one.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for April 2015 were:  178 active listings, 133 pending sales and 63 closed sales. Better activity last year even though there was less inventory.  One of the few areas of Martin County with greater inventory than from 2015.

Hobe Sound FL 33455 Residential Market Report April 2016

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Hobe Sound FL 33455 Residential Market Report April 2016

Hobe Sound FL 33455 Condo Market Report March 2016

Hobe Sound FL 33455 Condo Market Report March 2016

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for March 2016

 

For March 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 5 active condo listings. (Decreased by 4 condos from February)

Hobe Sound FL 33455 Condo Market Report March 2016

7 Condos are pending and awaiting close. (Up by 2 condos from February)

Hobe Sound FL 33455 Condo Market Report March 2016

3 Condos sold. (Up by 3 from last month)

 Hobe Sound FL 33455 Condo Market Report March 2016

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  March brought the first sale for condos in Hobe Sound for 2016.  Though, with such low inventory, it is hard to make any meaningful comparisons as long as this market remains like this.

There were no sales in Hobe Sound condos for both January and February, but for March the absorption rate is 1.7 months, for December of 2015 it was 4 months.  Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes on percentages that may not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The March 2015 numbers were: 8 active listings, 9 pending sales and 4 closed sales.  Better activity last year with the slightly higher inventory.

Hobe Sound FL 33455 Condo Market Report March 2016

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Hobe Sound FL 33455 Condo Market Report March 2016

 

Hobe Sound FL 33455 Residential Market Report March 2016

Hobe Sound FL 33455 Residential Market Report March 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for March 2016

  For March 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 206 active listings. (Down by 6 homes from February)

Hobe Sound FL 33455 Residential Market Report March 2016

116 Residential sales are pending and awaiting close  (Up by 9 homes from February)

Hobe Sound FL 33455 Residential Market Report March 2016

56 Homes Sold in March (Up by 19 homes from last month)

Hobe Sound FL 33455 Residential Market Report March 2016

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County rebounded very strongly for March with increases in closed and pending sales.  With this kind of activity, the available inventory of homes for sale just isn’t enough to meet the buyers demands.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 3.8 months (7.6 months in February).  Back to a very strong sellers market after two months of either a balanced or buyers markets.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for March 2015 were:  220 active listings, 122 pending sales and 52 closed sales. Stronger closed sales for 2016, but better pending sales and a slightly greater inventory last March.

Hobe Sound FL 33455 Residential Market Report March 2016

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Hobe Sound FL 33455 Residential Market Report March 2016

Hobe Sound FL 33455 Condo Market Report February 2016

Hobe Sound FL 33455 Condo Market Report February 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for February 2016

For February 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 9 active condo listings. (Increased by 3 condos from January)

Hobe Sound FL 33455 Condo Market Report February 2016

5 Condos are pending and awaiting close. (Up by 3 condos from January)

Hobe Sound FL 33455 Condo Market Report February 2016

No Condos sold in February (Same as January)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  February brought the second month of no condo sales, something that hasn’t happened since I’ve been tracking this market.  With a small increase in inventory and pending sales, I expect to see at least one or two closed sales for March.

No possible absorption rate number for this month with zero sales, for December of 2015 it was 4 months.  Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes on percentages that may not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The February 2015 numbers were: 19 active listings, 5 pending sales and 3 closed sales.  Our pending sales are the same as last year, otherwise there was better activity in 2015.

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Hobe Sound FL 33455 Condo Market Report February 2016

Hobe Sound FL 33455 Residential Market Report February 2016

Hobe Sound FL 33455 Residential Market Report February 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for February 2016

  For February 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 206 active listings. (Down by 6 homes from January)

Hobe Sound FL 33455 Residential Market Report February 2016

116 Residential sales are pending and awaiting close  (Up by 40 homes from January)

Hobe Sound FL 33455 Residential Market Report February 2016

27 Homes Sold in February (Down by 8 homes from last month)

Hobe Sound FL 33455 Residential Market Report February 2016

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County had a very strong pending sales gain as compared to last month (and previous months), while after two months of increasing inventory. this month saw a decline.  Closed sales were off for the month, but with the pending numbers so good, I expect to see increases for the next few months.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 7.6 months (6.1 months in January).  Into a buyers’ market for February after last months balanced market. Though with the strong rise in pending sales I expect to go back into a sellers market in the next month or two.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for February 2014 were:  250 active listings, 98 pending sales and 35 closed sales. Much stronger pending sales this year and weaker closed sales along with a much smaller inventory of available homes.

Hobe Sound FL 33455 Residential Market Report February 2016

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Hobe Sound FL 33455 Residential Market Report February 2016

Hobe Sound FL 33455 Condo Market Report January 2016

Hobe Sound FL 33455 Condo Market Report January 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for January 2016

For January 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 6 active condo listings. (Increased by 2 condos from December)

Hobe Sound FL 33455 Condo Market Report January 2016

2 Condos are pending and awaiting close. (Up by 1 condos from December)

Hobe Sound FL 33455 Condo Market Report January 2016

No Condos sold in December (Down 1 condos from December)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  2016 began with a whimper for Hobe Sound condos with no sales.  We did have small improvements in both the inventory and pending sales.

No possible absorption rate number for this month with zero sales, for December of 2015 it was 4 months.  Absorption rates in this segment of the Martin County real estate market should be taken with a liberal grain of salt, as small changes in activity make for very large changes on percentages that may not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The January 2015 numbers were: 17 active listings, 3 pending sales and 3 closed sales.  Much better activity last year with considerably more inventory to work with.

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Hobe Sound FL 33455 Condo Market Report January 2016

Hobe Sound FL 33455 Residential Market Report January 2016

Hobe Sound FL 33455 Residential Market Report January 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for January 2016

  For January 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 212 active listings. (Up by 25 homes from December)

Hobe Sound FL 33455 Residential Market Report January 2016

76 Residential sales are pending and awaiting close  (Up by 15 homes from December)

Hobe Sound FL 33455 Residential Market Report January 2016

35 Homes Sold in January (Down by 5 homes from last month)

Hobe Sound FL 33455 Residential Market Report January 2016

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues to show mostly positive and strong results with a nice increase in inventory (second month in a row) as well as a healthy increase in pending sales.  Unfortunately closed sales were slightly down for the beginning of the new year.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 6.1 months (4.7 months in December).  Back into a balanced market for January after last months sellers market, which is where I expect it will be again next month.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for January 2014 were:  249 active listings, 79 pending sales and 46 closed sales. Slightly better numbers for the beginning of last year, but with reduced inventory this year the percentages are actually superior for the current month.

Hobe Sound FL 33455 Residential Market Report January 2016

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Hobe Sound FL 33455 Residential Market Report January 2016

Hobe Sound FL 33455 Condo Market Report December 2015

Hobe Sound FL 33455 Condo Market Report December 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for December 2015

For December 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 4 active condo listings. (Unchanged from November)

Hobe Sound FL 33455 Condo Market Report December 2015

1 Condos are pending and awaiting close. (Unchanged from November)

Hobe Sound FL 33455 Condo Market Report December 2015

1 Condos sold in November (Unchanged from November)

Hobe Sound FL 33455 Condo Market Report December 2015

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  With only 4 actively listed condos, there’s just not that many options out there for buyers.  Amazingly, there were no changes from last month at all.

The current absorption rate is 4 months (Unchanged from last month).  This absorption rate should be taken with a liberal grain of salt, as small changes in activity make for very large changes on percentages that may not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The December 2014 numbers were: 13 active listings, 6 pending sales and 5 closed sales.  Much better activity last year with considerably more inventory to work with.

Hobe Sound FL 33455 Condo Market Report December 2015

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Hobe Sound FL 33455 Condo Market Report December 2015

Hobe Sound FL 33455 Residential Market Report December 2015

Hobe Sound FL 33455 Residential Market Report December 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for December 2015

  For December 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 187 active listings. (Up by 21 homes from November)

Hobe Sound FL 33455 Residential Market Report December 2015

61 Residential sales are pending and awaiting close  (Down by 14 homes from November)

Hobe Sound FL 33455 Residential Market Report December 2015

40 Homes Sold in December (Up by 12 homes from last month)

Hobe Sound FL 33455 Residential Market Report December 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County rebounded from a slower November with an increase in closed sales and inventory as well.  Unfortunately, pending sales were off for December.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 4.7 months (5.9 months in November).  Back into a sellers market for December after one month of a balanced market.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for December 2014 were:  231 active listings, 67 pending sales and 33 closed sales. Showing better closed activity for this year even with the reduced inventory.

Hobe Sound FL 33455 Residential Market Report December 2015

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Hobe Sound FL 33455 Residential Market Report December 2015

Hobe Sound FL 33455 Condo Market Report November 2015

Hobe Sound FL 33455 Condo Market Report November 2015

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for November 2015

 

For November 2014 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 4 active condo listings. (Unchanged from October)

Hobe Sound FL 33455 Condo Market Report November 2015

1 Condos are pending and awaiting close. (Up by 1 condos from October)

Hobe Sound FL 33455 Condo Market Report November 2015

1 Condos sold in October (Decreased by 2 condos from October)

Hobe Sound FL 33455 Condo Market Report November 2015

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  With only 4 actively listed condos, there’s just not that many options out there for buyers.  Any one considering selling their Hobe Sound condo, the time couldn’t be better than right now.

The current absorption rate is 4 months (Last month it was 1.3 months).  This absorption rate should be taken with a liberal grain of salt, as small changes in activity make for very large changes on percentages that may not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The November 2014 numbers were: 9 active listings, 4 pending sales and 4 closed sales.  Much better volume last year.  But there was over twice the inventory as well.

Hobe Sound FL 33455 Condo Market Report November 2015

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Hobe Sound FL 33455 Condo Market Report November 2015

 

Hobe Sound FL 33455 Residential Market Report November 2015

Hobe Sound FL 33455 Residential Market Report November 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for November 2015

  For November 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 166 active listings. (Down by 6 homes from October)

Hobe Sound FL 33455 Residential Market Report November 2015

75 Residential sales are pending and awaiting close  (Up by 7 homes from October)

Hobe Sound FL 33455 Residential Market Report November 2015

28 Homes Sold in November (Down by 16 homes from last month)

Hobe Sound FL 33455 Residential Market Report November 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County showed less sale as compared to last month, bur continued strong activity and a very good number of pending sales, indicating strong sales for the near future.  After a couple of months of increased inventory, the trend reversed for November.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 5.9 months (3.9 months in October).  Just shy of a balanced market for November.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for November 2014 were:  243 active listings, 71 pending sales and 20 closed sales. Considerably better activity this year with a much reduced inventory.

Hobe Sound FL 33455 Residential Market Report November 2015

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Hobe Sound FL 33455 Residential Market Report November 2015

Hobe Sound FL 33455 Condo Market Report October 2015

Hobe Sound FL 33455 Condo Market Report October 2015

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for October 2015

 

For October 2014 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 4 active condo listings. (Up by 2 condos from September)

Hobe Sound FL 33455 Condo Market Report October 2015

0 Condos are pending and awaiting close. (Down by 4 condos from September)

3 Condos sold in September (Increased by 1 condos from September)

Hobe Sound FL 33455 Condo Market Report October 2015

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  The current inventory doubled from last month, but it’s still only 4 active listings.  And, with no pending listings, I’m not expecting any great activity in the coming months until we get some more condos available for sale in Hobe Sound.

The current absorption rate is 1.3 months (Last month it was 1 months).  This absorption rate should be taken with a liberal grain of salt, as small changes in activity make for very large changes on percentages that may not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The October 2014 numbers were: 19 active listings, 5 pending sales and 1 closed sales.  We actually have better closed sales for this year as compared to last year.  But with no inventory and no pending sales it doesn’t look very promising for the future.

Hobe Sound FL 33455 Condo Market Report October 2015

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Hobe Sound FL 33455 Condo Market Report October 2015

 

Hobe Sound FL 33455 Residential Market Report October 2015

Hobe Sound FL 33455 Residential Market Report October 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for October 2015

  For October 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 172 active listings. (Up by 10 homes from September)

Hobe Sound FL 33455 Residential Market Report October 2015

68 Residential sales are pending and awaiting close  (Down by 21 homes from September)

Hobe Sound FL 33455 Residential Market Report October 2015

44 Homes Sold in October (Up by 12 homes from last month)

Hobe Sound FL 33455 Residential Market Report October 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County has finally had a couple of months of increased inventory.  This was sorely needed as the pool of available homes for sale was getting to a historically low level.  And, activity continues to be very strong in this market, even as we approach our slower off season.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped down to 3.9 months (5.1 months in September).  Even a stronger sellers’ market for Hobe Sound, after edging closer to a healthier balanced market last month.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for October 2014 were:  250 active listings, 55 pending sales and 58 closed sales. Better closed activity last year, though our pending numbers are higher for 2015.  All of this with a considerably reduced inventory.

Hobe Sound FL 33455 Residential Market Report October 2015

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Hobe Sound FL 33455 Residential Market Report October 2015

Hobe Sound FL 33455 Condo Market Report September 2015

Hobe Sound FL 33455 Condo Market Report September 2015

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for September 2015

 

For September 2014 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 2 active condo listings. (Unchanged from August)

Hobe Sound FL 33455 Condo Market Report September 2015

4 Condos are pending and awaiting close. (Down by 3 condos from August)

Hobe Sound FL 33455 Condo Market Report September 2015

2 Condos sold in August (Decreased by 1 condos from August)

Hobe Sound FL 33455 Condo Market Report September 2015

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  We remain with only 2 active listings in the Hobe Sound.  It’s pretty incredible that there is as much activity as there is.

The current absorption rate is 1 months (Last month it was .67 months).  This absorption rate should be taken with a liberal grain of salt, as small changes in activity make for very large changes on percentages that may not reflect a true trend in the market. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The September 2014 numbers were: 19 active listings, 1 pending sales and 2 closed sales.  Considering there are only 2 active listings this year 1/9th of what was available last year and we still have similar activity is pretty amazing.

Hobe Sound FL 33455 Condo Market Report September 2015

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Hobe Sound Florida Real Estate presented by:
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Hobe Sound FL 33455 Condo Market Report September 2015

 

Hobe Sound FL 33455 Residential Market Report September 2015

Hobe Sound FL 33455 Residential Market Report September 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for September 2015

  For September 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 162 active listings. (Up by 13 homes from August)

Hobe Sound FL 33455 Residential Market Report September 2015

89 Residential sales are pending and awaiting close  (Up by 5 homes from August)

Hobe Sound FL 33455 Residential Market Report September 2015

32 Homes Sold in September (Down by 2 homes from last month)

Hobe Sound FL 33455 Residential Market Report September 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues to show very strong activity.  It is good to see a small increase in inventory for September, though we still remain quite far below historical averages.  Both pending and closed sales remain quite strong as we head into our typically slower sales months.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased to 5.1 months (4.4 months in August).  Still a sellers’ market for Hobe Sound, though edging closer to a healthier balanced market.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for September 2014 were:  250 active listings, 74 pending sales and 25 closed sales. Considerably stronger activity this year even with a much reduced inventory.

Hobe Sound FL 33455 Residential Market Report September 2015

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Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

 

Hobe Sound FL 33455 Residential Market Report September 2015