Hobe Sound Florida Market Report ZIP Code 33455 – Condo, July 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, July 2012

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for July 2012

 

For July 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 28 active condo listings. (Down 2 from June)

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7 Condo sales are pending and awaiting close or lender approval. (Down 1 from June)

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  3 Condos sold in July (A decrease of 3 condos from June)

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The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. July showed fewer closed sales, one less pending sale recorded as well as another decrease in inventory.  With only 28 units available it’s fairly slim pickings in the Hobe Sound Florida Market Report ZIP Code 33455 condo market.

The one month absorption rate is 9.3 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.



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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, July 2012

 

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, July 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, July 2012

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for July 2012

 

For July 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 279 active listings. ( An increase of 13 homes from June)

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77 Residential sales are pending and awaiting close or lender approval (A decrease of 16 homes from June)

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31 Homes Sold in July (A decrease of 15 homes from last month)

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The Hobe Sound real estate market (ZIP Code 33455) took a little turn for July.  For the first time in quite a few months, the inventory increased.  Pending sales and closed sales were also off.  This is the only segment in Martin County reporting such results, so it remains to be seen if this is just a seasonal abnormality or a developing trend.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 stands at 8.6 months.  This is still a buyers market in Hobe Sound.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

 

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, July 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, June 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, June 2012

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for June 2012

For June 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 30 active condo listings. (Down 3 from May)

8 Condo sales are pending and awaiting close or lender approval. Unchanged from May)

  6 Condos sold in June (A decrease of 4 condos from May)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. June showed excellent activity with 6 closed sales and a further decrease in inventory to only 30 available units. pending sales were down slightly.  I don’t expect to see any great movement in this segment of the Treasure Coast Florida condo market with such a small inventory.

Last June’s numbers were 41 active listings, 10 pending sales and 1 closed sales. With the exception of pending sales, much better numbers this year as compared to last.

 

 

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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, June 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, June 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, June 2012

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for June 2012

For June 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 266 active listings. ( A decrease of 19 homes from May)

93 Residential sales are pending and awaiting close or lender approval (A decrease of 6 homes from May)

46 Homes Sold in June (An increase of 3 homes from last month)

The Hobe Sound real estate market (ZIP Code 33455) remained active for June. The inventory decreased again.  Now only 266 active listings. Closed sales remained strong and pending sales also showing good future sales providing they close in the near future. The Hobe Sound market has maintained better strength through the late spring season than most segments of the Martin County real estate market.

Last year, in June of 2011, we had 378 active listings, 72 pending sales and 38 closed sales.  A considerably stronger market this year with no signs of anything other than a slight seasonal slow down in the future.

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Hobe Sound, FL Real Estate

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, June 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, May 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, May 2012

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for May 2012

For May 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 33 active condo listings. (Down 2 from April)

8 Condo sales are pending and awaiting close or lender approval. (Up 2 from April)

  1 Condos sold in May (A decrease of 4 condos from April)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. May showed slower activity with only 1 closed sale and a further decrease in inventory to only 33 available units. pending sales were up slightly, so there should be some closed sales in the coming months.  I don’t expect to see any great movement in this segment of the Treasure Coast Florida condo market with such a small inventory.

Last May’s numbers were 40 active listings, 8 pending sales and 1 closed sales. Other than a greater number of active listings, almost identical to this year’s numbers.

 

 

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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, May 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, May 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, May 2012

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for May 2012

 

For May 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 285 active listings. ( A decrease of 30 homes from April)

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99 Residential sales are pending and awaiting close or lender approval (A decrease of 8 homes from April)

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43 Homes Sold in May (A decrease of 4 homes from last month)

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The Hobe Sound real estate market (ZIP Code 33455) continued very strong results into May 2012. The inventory decreased significantly this month by 30 homes, while closed sales remained strong and pending sales also showing good future sales providing they close in the near future. The Hobe Sound market has maintained better strength through the late spring season than most segments of the Martin County real estate market.

Last year, in May of 2011, we had 379 active listings, 93 pending sales and 30 closed sales. Considering the fact that there’s almost 100 less homes on the market and sales and pending sales are still better than in 2011, the market in Hobe Sound appears to be healthy and improving.

 

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, May 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, April 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, April 2012

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for April 2012

For April 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 35 active condo listings. (Down 3 from March)

6 Condo sales are pending and awaiting close or lender approval. (Down 1 from March)

5 Condos sold in April (Unchanged from March)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the martin County real estate market.  April showed continued activity with five closed sales and a further decrease in inventory. I don’t expect to see any great movement in this segment of the Treasure Coast Florida condo market, with the current absorption rate on 7 months, indicating a balanced market for April. Last April’s numbers were 39 active listings, 9 pending sales and 3 closed sales. Almost identical to this year’s numbers.

 

 

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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, April 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, April 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, April 2012

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for April 2012

For April 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 315 active listings. ( A decrease of 8 homes from March)

96 Residential sales are pending and awaiting close or lender approval (A decrease of 8 homes from March)

45 Homes Sold in April (A decrease of 4 homes from last month)

The Hobe Sound real estate market (ZIP Code 33455) continued very strong results into April 2012.  The inventory decreased again while closed and pending sales were off only slightly from a strong March. Compared to last April, we had 409 active listings, 89 pending sales and 47 closed sales, we are very similar to last year’s figures, but all this with almost 25% less inventory.

The Hobe Sound real estate market (zip code 33455) has an April absorption rate of 7 months, which is basically a balanced market.  A good and healthy report.

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Hobe Sound, FL Real Estate

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, April 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, March 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, March 2012

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for March 2012

For March 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 38 active condo listings. (Up 6 from February)

7 Condo sales are pending and awaiting close or lender approval. (Up 3 from February)

  5 Condos sold in March (Up 4 from February)

The Hobe Sound condo market (Zip Code 33455) is a very small segment of both Hobe Sound real estate as well as the smallest condo market in Martin County. March showed some improvement from previous months, with an increase to 5 closed sales.  Inventory gre a little but with such a low inventory, I don’t expect to see any great movement in this segment of the Treasure Coast Florida condo market. Last March’s numbers were 37 active listings, 9 pending sales and 5 closed sales. Almost identical to this year’s numbers.

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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, March 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, March 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, March 2012

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for March 2012

For March 2012 in the 33455 Zip Code area of Hobe Sound, Florida:

There are currently 323 active listings. ( A decrease of 19 homes from February)

104 Residential sales are pending and awaiting close or lender approval (An increase of 2 homes from February)

49 Homes Sold in March (An increase of 18 homes from last month)

The Hobe Sound real estate market (ZIP Code 33455) had a solid March 2012.  Inventory decreased again and closed sales were up significantly from a solid February.  Compared to last March, we had 434 active listings, 103 pending sales and 45 closed sales, we are very similar to last year’s figures, but all this with significantly less inventory.

The Hobe Sound real estate market (zip code 33455) is off to an excellent 2012, with solid market results.

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, March 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, February 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, February 2012

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for February 2012

For February 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 32 active condo listings. (Unchanged from last January)

4 Condo sales are pending and awaiting close or lender approval. (Up 1 from January)

  1 Condo Sale closed in February (Down 4 from January)

The Hobe Sound condo market (Zip Code 33455) is a tiny segment of both Hobe Sound real estate as well as the smallest condo market on the Treasure Coast. February showed very little change from previous months, with only 1 sale closed. With such a low inventory, I don’t expect to see any great movement in this segment of the Treasure Coast Florida condo market. Last February’s numbers were 48 active listings, 12 pending sales and 3 closed sales.

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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, February 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, February 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, February 2012

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for February 2012

For February 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 342 active listings. ( A decrease of 17 homes from January)

102 Residential sales are pending and awaiting close or lender approval (An increase of 22 homes from January)

31 Homes Sold in February (An increase of 11 homes from last month)

The Hobe Sound real estate market (ZIP Code 33455) had a solid February 2012.  Inventory decreased, sales and pending sales were up significantly from January.  Comparing to last February, we had 461 active listings, 100 pending sales and 24 closed sales, we are very similar to last years figures, but all this with significantly less inventory.

The Hobe Sound real estate market (zip code 33455) is off to an excellent 2012, with solid market results.

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, February 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, January 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, January 2012

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for January 2012

For January 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 32 active condo listings. (Down 5 from last December)

3 Condo sales are pending and awaiting close or lender approval. (Down 4 from December)

5 Condos Sales closed in January (Unchanged from December)

The Hobe Sound condo market (Zip Code 33455) is a very small segment of both Hobe Sound real estate as well as the smallest condo market on the Treasure Coast.  January showed a continuing decrease in inventory.  Pending sales were down and closed sales remained unchanged.  With such a low inventory, I don’t expect to see any great movement in this segment of the Treasure Coast Florida condo market.    Last January’s numbers were 53 active listings, 4 pending sales, and no closed sales.

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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, January 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, January 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, January 2012

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for January 2012

For January 2012 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 359 active listings. ( An increase of 29 homes from December)

78 Residential sales are pending and awaiting close or lender approval (An increase of 20 homes from December)

22 Homes Sold in January (A decrease of 6 homes from last month)

The Hobe Sound real estate market (ZIP Code 33455) had a fairly dramatic rise in inventory for January.  The good news is that activity was up as pending sales also rose significantly.  There was a fairly small drop in closed sales.
Compared to last January, we had 388 active listings, 57 pending sales, and 18 closed sales.  Fairly close to last year’s figures, but all this with less inventory.

Provided we don’t see a drastic increase in distressed properties (short sales and bank-owned foreclosures), we should be in line for a good performance from the Hobe Sound real estate market in 2012.

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, January 2012

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, December 2011

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, December 2011

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for December 2011

For December 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 37 active condo listings. (Down 3 from last November)

7 Condo sales are pending and awaiting close or lender approval. (Up 1 from November)

 5 Condos Sales closed in December (Up from zero sales in November)

The Hobe Sound condo market (Zip Code 33455) is a very small segment of both Hobe Sound real estate as well as the smallest condo market on the Treasure Coast.  December did show promising results though and this segment departed from the rest of Martin County by positive numbers in a decreased inventory and 5 sales when there were none in November. Compared to last year, where there were 40 listings, 3 pending sales, and 5 closed sales, the market has not changed much for Hobe Sound.

Hopefully, we’ll see some improvement in sales in the coming months, but as long as the inventory stays this small, we just don’t see any appreciable rise in numbers. Most of this product is in the lower price ranges, where we expect to see activity.

 

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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, December 2011

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, December 2011

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, December 2011

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for December 2011

For December 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 330 active listings. ( An increase of 14 homes from November)

58 Residential sales are pending and awaiting close or lender approval (A decrease of 13 homes from November)

28 Homes Sold in December (An increase of 13 homes from last month)

 Along with most of Martin County, the Hobe Sound real estate market (ZIP Code 33455) had increasing inventory and decreasing pending sales from last month. Closed sales were the bright note, as 28 homes were sold in December, an increase of 13 homes from November.

Compared to last December, we had 374 active listings, 47 pending sales, and 28 closed sales.  Closed sales were equal to last year, with about 10% less active inventory and pending sales were lower as well.

Provided we don’t see a drastic increase in distressed properties (short sales and bank-owned foreclosures), we should be in line for a good performance from the Hobe Sound real estate market in 2012.

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, December 2011

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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, November 2011

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, November 2011

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for November 2011

For November 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 40 active condo listings. (Down 2 from last October)

6 Condo sales are pending and awaiting close or lender approval. (Up 3 from October)

No Condos sold in November (Down from 2 sales in October)

The Hobe Sound condo market (Zip Code 33455) is a very small segment of both Hobe Sound real estate as well as the smallest condo market on the Treasure Coast. Unfortunately no sales last month, but the inventory dropped marginally and pending sales were up to 3 units.  Compared to last year, where there were 41 listings, 9 pending sales and 1 closed sale, the market has not changed much for Hobe Sound.

Hopefully, we’ll see some improvement in sales in the coming months, but as long as the inventory stays this small, we just don’t see any appreciable rise in numbers.  Most of these products are in the lower price ranges and this is where we expect to see activity.

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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, November 2011

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, November 2011

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, November 2011

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for November 2011

For November 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 316 active listings. ( Down 12 from October)

71 Residential sales are pending and awaiting close or lender approval (Up 12 from October)

15 Homes Sold in November (A decrease of 15 homes from last month)

Bucking the trend from the rest of Martin County, the Hobe Sound real estate market (ZIP Code 33455) had a second month of decreasing inventory and increasing pending sales.  Unfortunately closed sales were down by 50% from 30 units (a strong October) to only 15 last month.

Compared to last November, we had 431 active listings, 51 pending sales and 16 closed sales.  Even with a significant decrease in inventory, sales as well as pending sales remain strong.  In addition, recent sales have tended toward more medium and upper-end price ranges which shows many higher-income buyers coming back into the market.

Provided we don’t see a drastic increase in distressed properties (short sales and bank-owned foreclosures), we should be in line for a good performance from the Hobe Sound real estate market in 2012.

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, November 2011

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, October 2011

Hobe Sound Florida Market Report ZIP Code 33455 – Condo, October 2011

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for October 2011

For October 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 42 active condo listings. (Up 4 from last September)

3 Condo sales are pending and awaiting close or lender approval. (Down 3 from September)

2 Condos sold in October (Up from 0 sales in September)

The Hobe Sound condo market (Zip Code 33455) is a very small segment of both Hobe Sound real estate as well as the condo market on the Treasure Coast.  While inventory increased in October, it is still fairly low, but demand is also slack in this part of the local condo market.  With demand being so low, and high inventories in the surrounding areas, we don’t see any appreciable pressure on prices to rise in the coming months.  Should activity increase significantly in the neighboring activities, we then will predict some rising values for the Hobe Sound condo market.

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Hobe Sound Florida Market Report ZIP Code 33455 – Condo, October 2011

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, October 2011

Hobe Sound Florida Market Report ZIP Code 33455 – Residential, October 2011

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for October 2011

For October 2011 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 328 active listings. ( Down 20 from September)

59 Residential sales are pending and awaiting close or lender approval (Up 11 from September)

30 Homes Sold in October (An increase of 9 homes from last month)

The Hobe Sound real estate market (ZIP Code 33455) had a surprisingly strong October.  After a disappointing September, all of our indexes moved in a positive direction for a strong market.

Inventory decreased, homes under contract increased and closed sales showed an increase as well.  We are expecting a bit of a slowdown as we enter the holiday season, but time will tell, as the October Hobe Sound results were a bit of a surprise.

This will be an interesting season to watch!

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, October 2011