Hobe Sound FL 33455 Condo Market Report November 2014
Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for November 2014
For November 2014 in the 33455 Zip Code area of Hobe Sound, Florida :
There are currently 9 active condo listings. (Down by 10 condo from October)
4 Condo sale is pending and awaiting close. (Down by 1 condo from October)
4 Condos sold in October (Increased by 3 condos from October)
The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Inventory is now down to single digits I haven’t seen this ever before for the Hobe Sound condo market. Closed sales increased from last month and pending sales dropped slightly. With the inventory so low, I don’t expect to see much activity until available condos for sale come on the market.
The current absorption rate is 2.3 months (Last month it was 15 months). The 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 November not indicate 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 2013 numbers were: 21 active listings, 3 pending sales and 2 closed sales. Much better activity for this year. With less than half the inventory, market activity is still double from last year’s values.
Search Hobe Sound Condominium Properties by Price
- Condominium Properties for Sale in Hobe Sound, Florida Between $0 – $100,000
- Condominium Properties for Sale in Hobe Sound, Florida Between $100,000 – $200,000
- Condominium Properties for Sale in Hobe Sound, Florida Between $400,000 – $500,000
- Condominium Properties for Sale in Hobe Sound, Florida Between $500,000 – $600,000
- Condominium Properties for Sale in Hobe Sound, Florida Between $700,000 – $800,000
Hobe Sound Florida Real Estate presented by:
Gabe Sanders
Hobe Sound FL 33455 Condo Market Report November 2014