Stuart FL 34996 Condo Market Report September 2015

Stuart FL 34996 Condo Market Report September 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for September 2015

For September 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 76 active condo listings (Down by 2 condos last month).

Stuart FL 34996 Condo Market Report September 2015

41 Condo sales are pending and awaiting close or lender approval (Decreased by 12 condos from August).

Stuart FL 34996 Condo Market Report September 2015

29 Condos Sold in September (Increased by 9 condos from August) 

Stuart FL 34996 Condo Market Report September 2015

The Stuart FL 34996 Condo Market is bucking the trend for the off season with increased activity for September.  As we head into the off season for condo sales, this segment of the Stuart condo market has seen some very strong activity, though the greatly reduced active inventory is cause for some serious concern.  This will impact future numbers if we don’t see more units come on the market soon.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 plunged to 2.6 months from August’s 3.9 months.  Continuing as a very strong sellers market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for September 2014 were: 147 active listings, 37 pending sales and 28 closed sales.  Stronger activity this year as compared to last with significantly less inventory.

Stuart FL 34996 Condo Market Report September 2015

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Stuart FL 34996 Condo Market Report September 2015

Hobe Sound FL 33455 Residential Market Report August 2015

Hobe Sound FL 33455 Residential Market Report August 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for August 2015

  For August 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 149 active listings. (Down by 14 homes from July)

Hobe Sound FL 33455 Residential Market Report August 2015

84 Residential sales are pending and awaiting close  (Down by 6 homes from July)

Hobe Sound FL 33455 Residential Market Report August 2015

34 Homes Sold in August (Down by 21 homes from last month)

Hobe Sound FL 33455 Residential Market Report August 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County remains very strong even if activity has eased a bit for the past couple of months.  Of great concern to me is the greatly reduced inventory of available Hobe Sound homes for sale.  Buyers have a limited choice of available homes.  Anyone considering a move in the near future in Hobe Sound, please give me a call as you have some quite exciting options.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased to 4.4 months (3 months in July).  Hobe Sound is still a seller’s market as we slow in activity for the off-season.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for August 2014 were:  242 active listings, 60 pending sales and 49 closed sales.  Better closed activity last year while our pending sales are better for this year.  All this with an inventory that is almost half of last year.  Quite impressive!

Hobe Sound FL 33455 Residential Market Report August 2015

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Hobe Sound FL 33455 Residential Market Report August 2015

Stuart FL 34996 Condo Market Report August 2015

Stuart FL 34996 Condo Market Report August 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for August 2015

For August 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 78 active condo listings (Down by 14 condos last month).

Stuart FL 34996 Condo Market Report August 2015

53 Condo sales are pending and awaiting close or lender approval (Increased by 11 condos from July).

Stuart FL 34996 Condo Market Report August 2015

20 Condos Sold in August (Increased by 4 condos from July) 

Stuart FL 34996 Condo Market Report August 2015

The Stuart FL 34996 Condo Market is bucking the trend for the off season with increased activity for August.  Both closed and pending sales increased while the level of inventory decreases to very low numbers.  This level of activity will be unsustainable if the inventory doesn’t rise soon.  This is good news for sellers as the prices continue to rise and demand seems to be strong.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 3.9 months from July’s 5.8 months.  Back into a strong sellers’ market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for August 2014 were: 149 active listings, 48 pending sales and 14 closed sales.  Pretty impressive activity this year, with better volume of both sales and pending sales at just about half the available inventory.

Stuart FL 34996 Condo Market Report August 2015

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Stuart FL 34996 Condo Market Report August 2015

Hobe Sound FL 33455 Residential Market Report July 2015

Hobe Sound FL 33455 Residential Market Report July 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for July 2015

  For July 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 163 active listings. (Up by 13 homes from June)

Hobe Sound FL 33455 Residential Market Report July 2015

90 Residential sales are pending and awaiting close  (Down by 29 homes from June)

Hobe Sound FL 33455 Residential Market Report July 2015

55 Homes Sold in July (Down by 6 homes from last month)

Hobe Sound FL 33455 Residential Market Report July 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County remains very strong.  Both sales and pending sales retreated a bit from last month, but still remain very strong.  The inventory took a slight increase from last month.  This is a much needed statistic that will hopefully continue in the months ahead.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased to 3 months (2.5 months in June).  Still a strong seller’s market for the Hobe Sound area of Martin County.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for July 2014 were:  237 active listings, 80 pending sales and 51 closed sales.  Even with the significantly smaller inventory, sales activity is better than last year.

Hobe Sound FL 33455 Residential Market Report July 2015

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Hobe Sound FL 33455 Residential Market Report July 2015

Stuart FL 34996 Condo Market Report July 2015

Stuart FL 34996 Condo Market Report July 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for July 2015

For July 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 92 active condo listings (Down by 10 condos last month).

Stuart FL 34996 Condo Market Report July 2015

42 Condo sales are pending and awaiting close or lender approval (Increased by 16 condos from June).

Stuart FL 34996 Condo Market Report July 2015

16 Condos Sold in July (Decreased by 10 condos from June) 

Stuart FL 34996 Condo Market Report July 2015

The Stuart FL 34996 Condo Market moderated a bit for July.  Closed sales were down from the previous month and unfortunately the inventory continues to drop.  Surprisingly there was a large jump in pending sales which is a good indication for continued strong activity for the remainder of the summer..

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 5.8 months from June’s 3.9 months.  Drifting close to a balanced market for July.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for July 2014 were: 143 active listings, 45 pending sales and 11 closed sales.  Better activity this year even though our inventory is significantly lower than it was in July of 2014.

Stuart FL 34996 Condo Market Report July 2015

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Stuart FL 34996 Condo Market Report July 2015

Hobe Sound FL 33455 Residential Market Report June 2015

Hobe Sound FL 33455 Residential Market Report June 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for June 2015

  For June 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 150 active listings. (Down by 30 homes from May)

Hobe Sound FL 33455 Residential Market Report June 2015

119 Residential sales are pending and awaiting close  (Up by 6 homes from May)

Hobe Sound FL 33455 Residential Market Report June 2015

61 Homes Sold in June (Down by 4 homes from last month)

Hobe Sound FL 33455 Residential Market Report June 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues to set a torrid pace for sales.  Though the continuing drop in available inventory will soon effect the volume of sales unless more product goes back on the market.  Can’t sell it if it’s not available.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dipped to 2.5 months (2.8 months in May).  Still an extreme seller’s market for the Hobe Sound area of Martin County.  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 2014 were:  261 active listings, 95 pending sales and 40 closed sales.   A very significant drop in inventory, yet the volume remains better than last year.

Hobe Sound FL 33455 Residential Market Report June 2015

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Hobe Sound FL 33455 Residential Market Report June 2015

Stuart FL 34996 Condo Market Report June 2015

Stuart FL 34996 Condo Market Report June 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for June 2015

For June 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 102 active condo listings (Down by 1 condos last month).

Stuart FL 34996 Condo Market Report June 2015

28 Condo sales are pending and awaiting close or lender approval (Decreased by 11 condos from May).

Stuart FL 34996 Condo Market Report June 2015

26 Condos Sold in June (Decreased by 7 condos from May) 

Stuart FL 34996 Condo Market Report June 2015

The Stuart FL 34996 Condo Market continued to be very active through June.  We are seeing a small slowdown of the activity level in this very hot segment of the Stuart FL condo market.  Though, we remain in a sellers market.  I anticipate some more easing as we go into the summer and fall months.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – increased to 3.9 months from May’s 3.1  months.  Still a strong sellers market but soon to turn as we go into the summer months.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for June 2014 were: 139 active listings, 33 pending sales and 17 closed sales.  Considerably stronger activity this year even though there’s a significant decrease in inventory as compared to last year.

Stuart FL 34996 Condo Market Report June 2015

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Stuart FL 34996 Condo Market Report June 2015

Hobe Sound FL 33455 Residential Market Report May 2015

Hobe Sound FL 33455 Residential Market Report May 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for May 2015

  For May 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 180 active listings. (Up by 2 homes from April)

Hobe Sound FL 33455 Residential Market Report May 2015

113 Residential sales are pending and awaiting close  (Down by 20 homes from April)

Hobe Sound FL 33455 Residential Market Report May 2015

65 Homes Sold in May (Down by 3 homes from last month)

Hobe Sound FL 33455 Residential Market Report May 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues to set a torrid pace and is the winner for the strongest activity in residential sales for the county.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 eaked up to 2.8months (2.6 months in April).  Still an extreme seller’s market for the Hobe Sound area of Martin County.  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 2014 were:  272 active listings, 84 pending sales and 47 closed sales.   Considerably better activity this year even with the reduced inventory.

Hobe Sound FL 33455 Residential Market Report May 2015

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Hobe Sound FL 33455 Residential Market Report May 2015

Stuart FL 34996 Condo Market Report May 2015

Stuart FL 34996 Condo Market Report May 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for May 2015

For May 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 103 active condo listings (Down by 7 condos last month).

Stuart FL 34996 Condo Market Report May 2015

39 Condo sales are pending and awaiting close or lender approval (Decreased by 16 condos from April).

Stuart FL 34996 Condo Market Report May 2015

33 Condos Sold in May (Increased by 10 condos from April) 

Stuart FL 34996 Condo Market Report May 2015

The Stuart FL 34996 Condo Market continued to be very active through May.  Pending sales were off a bit, which is not unexpected as we head into the summer months.  Typically a slower time for condo sales on the Treasure Coast.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 3.1 months from April’s 4.8 months .  Still a strong sellers market but soon to turn as we go into the summer months.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for May 2014 were: 145 active listings, 35 pending sales and 26 closed sales.  Considerably stronger activity this year even though there’s a significant decrease in inventory as compared to last year.

Stuart FL 34996 Condo Market Report May 2015

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Stuart FL 34996 Condo Market Report May 2015

Hobe Sound FL 33455 Residential Market Report April 2015

Hobe Sound FL 33455 Residential Market Report April 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for April 2015

  For April 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 178 active listings. (Down by 44 homes from March)

Hobe Sound FL 33455 Residential Market Report April 2015

133 Residential sales are pending and awaiting close  (Up by 13 homes from March)

Hobe Sound FL 33455 Residential Market Report April 2015

68 Homes Sold in April (Up by 14 homes from last month)

Hobe Sound FL 33455 Residential Market Report April 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County had an exceptionally strong April in closed and pending sales.  Unfortunately the active inventory is now down to almost unheard of low levels that will effect future sales with the lack of homes for sale for buyers.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 plunged to 2.6 months (4.3 months in March).  Now a pretty extreme seller’s market for the Hobe Sound area of Martin County.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for April 2014 were:  228 active listings, 88 pending sales and 42 closed sales.   Last April was a good month for Hobe Sound, but this year was even stronger.

Hobe Sound FL 33455 Residential Market Report April 2015

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Hobe Sound FL 33455 Residential Market Report April 2015

Stuart FL 34996 Condo Market Report April 2015

Stuart FL 34996 Condo Market Report April 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for April 2015

For April 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 110 active condo listings (Unchanged from last month).

Stuart FL 34996 Condo Market Report April 2015

55 Condo sales are pending and awaiting close or lender approval (Decreased by 6 condos from March).

Stuart FL 34996 Condo Market Report April 2015

23 Condos Sold in April (Decreased by 13 condos from March) 

Stuart FL 34996 Condo Market Report April 2015

The Stuart FL 34996 Condo Market was very strong for April.  Activity eased slightly from last month’s hot pace, but this is still a strong market with a lot of activity.  While both pending and closed sales were off from last month, this is still a hot area for Stuart condos.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 4.8 months from March’s 3.1 months .  Still a strong sellers market.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for April 2014 were: 142 active listings, 46 pending sales and 41 closed sales.  Better closed activity for last year, but with considerably more inventory.  Also, better pending activity this year, which may mean good sales activity in the coming months.

Stuart FL 34996 Condo Market Report April 2015

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Stuart FL 34996 Condo Market Report April 2015

Hobe Sound FL 33455 Residential Market Report March 2015

Hobe Sound FL 33455 Residential Market Report March 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for March 2015

  For March 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 222 active listings. (Down by 28 homes from February)

Hobe Sound FL 33455 Residential Market Report March 2015

120 Residential sales are pending and awaiting close  (Up by 22 homes from February)

Hobe Sound FL 33455 Residential Market Report March 2015

52 Homes Sold in March (Up by 17 homes from last month)

Hobe Sound FL 33455 Residential Market Report March 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County showed some very strong activity for March.  Both pending and closed sales rose, though unfortunately the inventory dropped, possibly effecting future activity with fewer choices for buyers.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased slightly to 4.3 months (7.1 months in February).  Back into a strong seller’s market for the Hobe Sound area of Martin County.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for March 2013 were:  298 active listings, 108 pending sales and 38 closed sales.   Much stronger activity this year.  Very impressive when the considerably lower inventory is factored in.

Hobe Sound FL 33455 Residential Market Report March 2015

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Hobe Sound FL 33455 Residential Market Report March 2015

Stuart FL 34996 Condo Market Report March 2015

Stuart FL 34996 Condo Market Report March 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for March 2015

For March 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 110 active condo listings (Down by 12 condos from last month).

Stuart FL 34996 Condo Market Report March 2015

61 Condo sales are pending and awaiting close or lender approval (Increased by 1 condos from February).

Stuart FL 34996 Condo Market Report March 2015

36 Condos Sold in March (Increased by 11 condos from February) 

Stuart FL 34996 Condo Market Report March 2015

The Stuart FL 34996 Condo Market was very strong for March.  This is the height of our condo season for those purchasing second home getaways from the cold and snowy conditions up north as well as those moving here permanently for a more relaxed and convenient Florida lifestyle.  Sales and pending sales both increased and remained strong.  Unfortunately our inventory is down to historically low levels.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 3.1 months from February’s 4.9 months .  Moving to a pretty extreme sellers’ market for March.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for March 2013 were: 150 active listings, 55 pending sales and 34 closed sales.  Even with close to 30% less inventory, there was better sales and pending activity for this year as opposed to March 2014.

Stuart FL 34996 Condo Market Report March 2015

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Stuart FL 34996 Condo Market Report March 2015

Hobe Sound FL 33455 Residential Market Report February 2015

Hobe Sound FL 33455 Residential Market Report February 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for February 2015

  For February 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 250 active listings. (Up by 19 homes from January)

Hobe Sound FL 33455 Residential Market Report February 2015

98 Residential sales are pending and awaiting close  (Up by 31 homes from January)

Hobe Sound FL 33455 Residential Market Report February 2015

35 Homes Sold in February (Up by 2 homes from last month)

Hobe Sound FL 33455 Residential Market Report February 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County showed some improvement for February after a somewhat slower start for the year.  The largest jump was in pending sales which should result in some very strong sales activity in the next month or two.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased slightly to 7.1 months (7 months in January).  Just a little shy of a balanced market for Hobe Sound.  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 2013 were:  289 active listings, 98 pending sales and 26 closed sales.   Considerably better activity with the lower number of active homes available on the market.

Hobe Sound FL 33455 Residential Market Report February 2015

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Hobe Sound FL 33455 Residential Market Report February 2015

Stuart FL 34996 Condo Market Report February 2015

Stuart FL 34996 Condo Market Report February 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for February 2015

For February 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 122 active condo listings (Down by 3 condos from last month).

Stuart FL 34996 Condo Market Report February 2015

60 Condo sales are pending and awaiting close or lender approval (Decreased by 2 condos from January).

Stuart FL 34996 Condo Market Report February 2015

25 Condos Sold in February (Increased by 2 condos from January) 

Stuart FL 34996 Condo Market Report February 2015

The Stuart FL 34996 Condo Market continues to show strong results for 2015.  My biggest concern is the continued decrease in inventory from last year.  This is somewhat surprising as prices are going up and I would have thought more condo owners would be listing during our peak season.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 4.9 months from January’s 5.4 months .  Moving to an even stronger sellers’ market for February.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for February 2013 were: 171 active listings, 52 pending sales and 30 closed sales.  When the decreased inventory for this year is factored into the data, the sales activity is better this year by percentage of available condos.

Stuart FL 34996 Condo Market Report February 2015

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Stuart FL 34996 Condo Market Report February 2015

Hobe Sound FL 33455 Residential Market Report January 2015

Hobe Sound FL 33455 Residential Market Report January 2015

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for January 2015

  For January 2015 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 231 active listings. (Down by 12 homes from December)

Hobe Sound FL 33455 Residential Market Report January 2015

67 Residential sales are pending and awaiting close  (Decreased by 4 homes from December)

Hobe Sound FL 33455 Residential Market Report January 2015

33 Homes Sold in January (Up by 13 homes from last month)

Hobe Sound FL 33455 Residential Market Report January 2015

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County is in quite a roller coaster ride these past few months.  We closed the year off with a positive note as closed sales came back up nicely.  Unfortunately pending sales decreased a little and the inventory continues to decline as well.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 decreased to 7 months (12.2 months in December).  We’re edging back into a balanced market for Hobe Sound.  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 2013 were:  266 active listings, 75 pending sales and 43 closed sales.   We have lower inventory this year when compared to 2013.  Also, a reduced market activity as well.

Hobe Sound FL 33455 Residential Market Report January 2015

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Hobe Sound FL 33455 Residential Market Report January 2015

Stuart FL 34996 Condo Market Report January 2015

Stuart FL 34996 Condo Market Report January 2015

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for January 2015

For January 2015 in the 34996 Zip Code area of Stuart, Florida :

There are currently 125 active condo listings (Down by 17 condos from last month).

Stuart FL 34996 Condo Market Report January 2015

60 Condo sales are pending and awaiting close or lender approval (Increased by 13 condos from December).

Stuart FL 34996 Condo Market Report January 2015

23 Condos Sold in January (Increased by 2 condos from December) 

Stuart FL 34996 Condo Market Report January 2015

The Stuart FL 34996 Condo Market is one of the bright spots for Martin County’s real estate market for January.  Nice increases in both pending and closed sales while many other segments of the January market were off this year.  Unfortunately our inventory of available condos is decreasing as well.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 5.4 months from December’s 6.8 months .  Again back to a sellers’ market for January.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for January 2013 were: 171 active listings, 49 pending sales and 15 closed sales.  Considerably better activity this year even with a greatly reduced inventory.

Stuart FL 34996 Condo Market Report January 2015

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Stuart FL 34996 Condo Market Report January 2015

Hobe Sound FL 33455 Residential Market Report December 2014

Hobe Sound FL 33455 Residential Market Report December 2014

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for December 2014

  For December 2014 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 231 active listings. (Down by 12 homes from November)

Hobe Sound FL 33455 Residential Market Report December 2014

67 Residential sales are pending and awaiting close  (Decreased by 4 homes from November)

Hobe Sound FL 33455 Residential Market Report December 2014

33 Homes Sold in December (Up by 13 homes from last month)

Hobe Sound FL 33455 Residential Market Report December 2014

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County is in quite a roller coaster ride these past few months.  We closed the year off with a positive note as closed sales came back up nicely.  Unfortunately pending sales decreased a little and the inventory continues to decline as well.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 decreased to 7 months (12.2 months in November).  We’re edging back into a balanced market for Hobe Sound.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for December 2013 were:  266 active listings, 75 pending sales and 43 closed sales.   We have lower inventory this year when compared to 2013.  Also, a reduced market activity as well.

Hobe Sound FL 33455 Residential Market Report December 2014

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Hobe Sound FL 33455 Residential Market Report December 2014

Stuart FL 34996 Condo Market Report December 2014

Stuart FL 34996 Condo Market Report December 2014

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for December 2014

For December 2014 in the 34996 Zip Code area of Stuart, Florida :

There are currently 142 active condo listings (Down by 2 condos from last month).

Stuart FL 34996 Condo Market Report December 2014

47 Condo sales are pending and awaiting close or lender approval (Decreased by 1 condo from November).

Stuart FL 34996 Condo Market Report December 2014

21 Condos Sold in December (Decreased by 3 condos from November) 

Stuart FL 34996 Condo Market Report December 2014

The Stuart FL 34996 Condo Market didn’t change much as compared to November.  Closed sales were off by 3 units while both the active inventory and pending sales declined slightly.  I expect to see an increase in activity as we gear up for 2015.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 – decreased to 6.8 months from November’s 6 months .  Slipping back towards a buyers market for December.  A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for December 2013 were: 173 active listings, 29 pending sales and 21 closed sales.  Even with considerably lower inventory, activity is much improved for the last month of 2014 as compared to 2013.

Stuart FL 34996 Condo Market Report December 2014

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Stuart FL 34996 Condo Market Report December 2014

Hobe Sound FL 33455 Residential Market Report November 2014

Hobe Sound FL 33455 Residential Market Report November 2014

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for November 2014

  For November 2014 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 243 active listings. (Down by 7 homes from October)

Hobe Sound FL 33455 Residential Market Report November 2014

 

71 Residential sales are pending and awaiting close  (Increased by 16 homes from October)

Hobe Sound FL 33455 Residential Market Report November 2014

20 Homes Sold in November (Down by 28 homes from last month)

Hobe Sound FL 33455 Residential Market Report November 2014

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County is in quite a roller coaster ride these past few months.  A fairly weak closed month for September, a strong October and now back to a weak month for November.  Inventory decreased slightly and there was a nice rise in pending sales.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 increased to 12.2 months (4.3 months in October).  Back into a buyers market for Hobe Sound.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for November 2013 were:  277 active listings, 75 pending sales and 37 closed sales.   The Hobe Sound real estate market if one of the few areas with reduced inventory from last year.  Though overall activity was slower this month as compared to November of 2013.

Hobe Sound FL 33455 Residential Market Report November 2014

 

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Hobe Sound FL 33455 Residential Market Report November 2014