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)

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

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 Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report February 2016

Hobe Sound FL 33455 Residential Market Report February 2016

03.21.16 by Gabe Sanders

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)

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

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

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.

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Hobe Sound FL 33455 Residential Market Report February 2016

Jensen Beach FL 34957 Condo Market Report February 2016

03.20.16 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report February 2016

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

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

There are currently 26 active listings. (Decreased by 13 condos from January)

18 Condo sales are pending and awaiting settlement. (Decreased by 1 condos from January)

11 Condos Sold (Increased by 5 condos from January)

The Jensen Beach FL 34957 Condo Market Report February 2016 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic. A very unexpected and dramatic drop of active condos for sale (inventory), while both pending sales and closed sales increased from the previous month. The future months may be problematic unless the inventory increases.

The one month absorption rate for the February 2016, Jensen Beach Florida Market Report ZIP Code 34957 plunged to 2.4 months (from 6.5 months in January), bringing this segment of the Martin County condo market back into an extreme sellers market again, after one month as a balanced market. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The February 2015 numbers were: 40 active listings, 14 pending sales and 9 condos closed. Better activity this year when compared to last year even though we only have a little more than half the inventory from last year.

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Jensen Beach FL 34957 Condo Market Report February 2016

Stuart FL 34997 Condo Market Report February 2016

03.16.16 by Gabe Sanders

Stuart FL 34997 Condo Market Report February 2016

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

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

There are currently 78 active condo listings (Down by 1 condos from January).

Stuart FL 34997 Condo Market Report February 2016

38 Condo sales are pending and awaiting close or lender approval (Increased by 9 condos from January).

Stuart FL 34997 Condo Market Report February 2016

9 Condos Sold in February (Increased by 1 condos from January).

Stuart FL 34997 Condo Market Report February 2016

The Stuart FL condo market for zip code 34997 started off 2016 with a slow start. Slightly better numbers for the second month of 2016, but still not nearly as strong as last year. Plenty of room for improvement!

The one month absorption rate jumped to 8.7 months from 3 months for January. Back into a buyers market after last months very strong sellers market. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The February 2014 numbers were: 44 active listings, 250 pending sales and 13 closed sales. Better activity last year even with considerably lower inventory in 2015. One of the few areas of Martin County with significantly more inventory this year when compared to last year.

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

Stuart FL 34997 Residential Market Report February 2016

03.15.16 by Gabe Sanders

Stuart FL 34997 Residential Market Report February 2016

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

There are currently 321 active listings (Increased by 22 homes from January).

175 Residential sales are pending and awaiting close or lender approval (Increased by 19 homes from January).

58 Homes Sold in February (Decreased by 30 homes from January)

The Stuart Florida Residential Market for ZIP Code 34997 continues as the largest and the strongest segment of the Martin County single family real estate market. After a very hot month of sales last month, closed sales dropped for February, but both available inventory and pending sales rose. This should be an excellent sign for future activity.

The current one month absorption rate rose to 5.5 months (was 3.4 months for January). Still a sellers market for the 34997 segment of the Stuart residential market for the beginning of 2016. Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

The 2014 numbers for February, were: 373 active listings, 202 pending listings and 72 closed sales. Unfortunately the volume of activity was a bot stronger last year, though also with greater inventory.

Stuart FL 34997 Residential Market Report February 2016

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Stuart Florida Real Estate presented by:
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Stuart FL 34997 Residential Market Report February 2016

Hobe Sound FL 33455 Condo Market Report January 2016

02.22.16 by Gabe Sanders

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)

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

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.

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 Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report January 2016

Hobe Sound FL 33455 Residential Market Report January 2016

02.21.16 by Gabe Sanders

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)

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

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

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.