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)

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

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

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.

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

Hobe Sound FL 33455 Residential Market Report October 2015

11.20.15 by Gabe Sanders

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)

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

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

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.

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Hobe Sound FL 33455 Residential Market Report October 2015

Jensen Beach FL 34957 Condo Market Report October 2015

11.19.15 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report October 2015

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for October 2015

For October 2015 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County) :

There are currently 24 active listings. (Increased by 2 condos from September)

17 Condo sales are pending and awaiting settlement. (Up by 5 condos from September)

4 Condos Sold (Decreased by 2 condos from September)

The Jensen Beach FL 34957 Condo Market Report October 2015 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic. It was good to see an increase in inventory, though it is still at historically low levels. Activity remains quite strong.

The one month absorption rate for the October 2015, Jensen Beach Florida Market Report ZIP Code 34957 rose to 6 months (from 3.7 months in September), bringing this segment of the Martin County condo market back into a balanced one. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The October 2014 numbers were: 33 active listings, 14 pending sales and 3 condos closed. Overall a slight improvement this year as compared to 2014.

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Jensen Beach FL 34957 Condo Market Report October 2015

Stuart FL 34997 Condo Market Report October 2015

11.15.15 by Gabe Sanders

Stuart FL 34997 Condo Market Report October 2015

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2015

For October 2015 in the 34997 Zip Code area of Stuart, Florida :

There are currently 59 active condo listings (Up by 7 condos from September).

21 Condo sales are pending and awaiting close or lender approval (Increased by 2 condos from September).

12 Condos Sold in October (Increased by 4 condos from September).

The Stuart FL condo market for zip code 34997 showed positive results for October. Our inventory rose for the third month in a row and we also had some nice gains in both pending and closed sales. Somewhat unusual as we head into the typically slower months for condo activity.

The one month absorption rate decreased to 4.9 months from 6.5 months for September. Back into a sellers market after last months balanced market. Continuing a trend prevalent for most of the past year. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The October 2014 numbers were: 58 active listings, 20 pending sales and 21 closed sales. A little slower closed activity for this year as compared to last year.

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for October 2015

Stuart FL 34997 Residential Market Report October 2015

11.14.15 by Gabe Sanders

Stuart FL 34997 Residential Market Report October 2015

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for October 2015

There are currently 308 active listings (Increased by 31 homes from September).

163 Residential sales are pending and awaiting close or lender approval (Increased by 11 homes from September).

66 Homes Sold in October (Decreased by 15 homes from September)

The Stuart Florida Residential Market for ZIP Code 34997 is the largest and has been the strongest segment of the Martin County single family real estate market. Nice to see a couple of months of increased inventory.

The current one month absorption rate increased to 4.7 months (was 3.4 months for September). Most of this increase is due to the stronger inventory numbers and we still remain in a very strong seller’s 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 2014 numbers for October, were: 368 active listings, 144 pending listings and 81 closed sales. Considerably stronger closed activity last October, though the increased number of pending sales might hold promise for the next few months.

Stuart FL 34997 Residential Market Report October 2015

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Stuart Florida Real Estate presented by:
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Stuart FL 34997 Residential Market Report October 2015

Hobe Sound FL 33455 Condo Market Report September 2015

10.20.15 by Gabe Sanders

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)

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

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

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.

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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

10.19.15 by Gabe Sanders

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)

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

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

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.