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)

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

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

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.

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Hobe Sound Florida Real Estate presented by:
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Hobe Sound FL 33455 Condo Market Report June 2016

Hobe Sound FL 33455 Residential Market Report June 2016

07.22.16 by Gabe Sanders

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)

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

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

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.

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Hobe Sound FL 33455 Residential Market Report June 2016

Jensen Beach FL 34957 Condo Market Report June 2016

07.21.16 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report June 2016

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for June 2016

For June 2016 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 22 active listings. (Decreased by 4 condos from May)

14 Condo sales are pending and awaiting settlement. (Up by 3 condos from May)

3 Condos Sold (No change in sold condos from May)

The Jensen Beach FL 34957 Condo Market Report June 2016 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic. For June of 2015, available inventory remains quite low, while the pending sales numbers are quite good when the inventory is considered.

The one month absorption rate for the June 2016, Jensen Beach Florida Market Report ZIP Code 34957 dropped a bit to 7.3 months (from 8.7 months in May), still a buyers market for the first time in close to two years. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The June 2015 numbers were: 31 active listings, 11 pending sales and 5 condos closed. Better sales numbers for last year, but pending sales look good for this year even with the reduced inventory of available condos.

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Jensen Beach FL 34957 Condo Market Report June 2016

Stuart FL 34997 Condo Market Report June 2016

07.17.16 by Gabe Sanders

Stuart FL 34997 Condo Market Report June 2016

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2016

For June 2016 in the 34997 Zip Code area of Stuart, Florida :

There are currently 74 active condo listings (Up by 1 condo from May).

Stuart FL 34997 Condo Market Report June 2016

27 Condo sales are pending and awaiting close or lender approval (Down by 13 condos from May).

Stuart FL 34997 Condo Market Report June 2016

24 Condos Sold in June (Increased by 7 condos from May).

Stuart FL 34997 Condo Market Report June 2016

The Stuart FL condo market for zip code 34997 continues to show very strong activity as we get into what will be a typically slower summer season.

The absorption rate dropped to 3.1 months in June from 4.3 months for May. A strong sellers market for the 34997 zip code area of Stuart condos. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The June 2015 numbers were: 35 active listings, 19 pending sales and 17 closed sales. Better volume this year with more than double the inventory as well.

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for June 2016

Stuart FL 34997 Residential Market Report June 2016

07.16.16 by Gabe Sanders

Stuart FL 34997 Residential Market Report June 2016

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for June 2016

There are currently 299 active listings (Decreased by 5 homes from May).

173 Residential sales are pending and awaiting close or lender approval (Down by 43 homes from May).

125 Homes Sold in June (Increased by 16 homes from May)

The Stuart Florida Residential Market for ZIP Code 34997 is the largest segment of the Stuart FL residential real estate market. It is also currently the most active in terms of sales volume and shows little signs of easing up. Though, I will expect some softening for the summer months.

The absorption rate continues to drop, now down to 2.4 months (was 2.8 months for May). A very strong sellers’ market for the 34997 zip code area of Stuart FL. Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

The 2015 numbers for June, were: 257 active listings, 200 pending listings and 113 closed sales. Closed sales outpaced last years’ volume though pending sales numbers are lower. Inventory is higher this year than last.

Stuart FL 34997 Residential Market Report June 2016

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Stuart FL 34997 Residential Market Report June 2016

Hobe Sound FL 33455 Condo Market Report May 2016

06.23.16 by Gabe Sanders

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)

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

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 Florida Real Estate presented by:
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Hobe Sound FL 33455 Condo Market Report May 2016

Hobe Sound FL 33455 Residential Market Report May 2016

06.22.16 by Gabe Sanders

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)

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

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

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.