Hobe Sound Florida Market Report ZIP Code 33455 – Residential, February 2013

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for February 2013

For February 2013 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 244 active listings. ( A decrease of 18 homes from January)

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109 Residential sales are pending and awaiting close or lender approval (An increase of 13 homes from January)

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28 Homes Sold in February (Unchanged from last month)

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After a slower start in January for the Hobe Sound residential real estate market (zip code 33455) of Martin County, February market activity picked up a bit.  Closed sales remained steady and pending sales increased.  For the second month, inventory continues to decline in Hobe Sound.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 8.7 months.  Still a slight buyer’s market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for February 2012 were:  342 active listings, 102 pending sales and 31 closed sales.   Considering the reduced inventory as compared to 2012, the Hobe Sound real estate market remains very strong and active.

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Hobe Sound Florida Market Report ZIP Code 33455 – Residential, January 2013

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for January 2013

For January 2013 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 262 active listings. ( A decrease of 31 homes from December)

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96 Residential sales are pending and awaiting close or lender approval (An increase of 12 homes from December)

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28 Homes Sold in January (A decrease of 17 homes from last month)

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After a very strong fall and winter from the Hobe Sound residential real estate market (zip code 33455) of Martin County, January has started off with a bit of a whimper.  Closed sales were off and the inventory was also down.  Pending sales were the only bright spot with an increase of 12 homes under contract.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 9.4 months.  Back to a buyer’s market again.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for January 2012 were:  359 active listings, 78 pending sales and 22 closed sales.   Compared to last year, we have considerably stronger activity in January of 2013 with better numbers, especially considering a much smaller number of available homes (inventory).

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

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

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

There are currently 293 active listings. ( A decrease of 8 homes from November)

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84 Residential sales are pending and awaiting close or lender approval (A decrease of 12 homes from November)

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45 Homes Sold in December (An increase of 16 homes from last month)

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Continued strong results from the Hobe Sound residential real estate market (zip code 33455) of Martin County.  A large jump in closed sales closed out 2012.  A decrease in pending sales which is not unexpected as holiday traffic is generally lighter than most other months.  The inventory also continued it’s decrease which is becoming troubling as the number of available home for sales is quite low.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 6.5 months.  Now an almost balanced market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for December 2011 were:  330 active listings, 58 pending sales and 28 closed sales.   We continue to have considerably improved activity as compared to last year.

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

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

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

There are currently 301 active listings. ( An increase of 1 home from October)

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96 Residential sales are pending and awaiting close or lender approval (An increase of 17 homes from October)

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29 Homes Sold in November (An increase of 3 homes from last month)

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Continued strong results from the Hobe Sound residential real estate market (zip code 33455) of Martin County.  Inventory remained basically unchanged while we had increases in both pending and closed sales.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 10.4 months from last month’s 11.5 months.  While still a buyer’s market, it’s considerably closer to a balanced market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for November 2011 were:  316 active listings, 71 pending sales and 15 closed sales.   We continue to have considerably improved activity as compared to last year.

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

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

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

There are currently 300 active listings. ( A decrease of 16 homes from September)

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79 Residential sales are pending and awaiting close or lender approval (An increase of 10 homes from September)

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26 Homes Sold in October (An increase of 11 homes from last month)

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After two months of gains in inventory, The Hobe Sound Florida residential real estate market reversed course and decreased the active inventory in October.  There were surprisingly strong results in both pending and closed sales as well, making the 33455 zip code area of Martin County one of the top performing areas for October 2012.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 11.5 months from last month’s 21 months.  While still a buyer’s market, it’s considerably closer to a balanced market.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for October 2011 were:  328 active listings, 59 pending sales and 30 closed sales.   Other than a larger number of pending sales (possibly indicating higher closed numbers in the months ahead), fairly similar to this years number.

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

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

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

There are currently 316 active listings. ( An increase of 18 homes from August)

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69 Residential sales are pending and awaiting close or lender approval (An increase of 14 homes from August)

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15 Homes Sold in September (A decrease of 22 homes from last month)

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The Hobe Sound Florida residential real estate market activity has seen some inventory gains in the past two months.  This is the only segment of the Martin County real estate market showing an inventory increase of this magnitude.  Pending sales were also up for September while closed sales were off quite a bit.  This is most likely due to the slow summer seasonal influence more than any significant market changes.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 stands at 21 months. For September 2012 this is still a strong buyers market for Hobe Sound.  An absorption rate of 6 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for September 2011 were:  348 active listings, 48 pending sales and 21 closed sales.   Marginally better numbers this year than last.

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

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

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

There are currently 298 active listings. ( An increase of 19 homes from July)

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55 Residential sales are pending and awaiting close or lender approval (A decrease of 22 homes from July)

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37 Homes Sold in August (An increase of 6 homes from last month)

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For the second month in a row the Hobe Sound real estate market (ZIP Code 33455) had some disappointing results.  While closed sales were up for August, the number of pending sales were off considerably and unlike most other areas of Martin County the inventory rose for the second month n a row.  Whether this is just typical seasonal fluctuations for the Hobe Sound real estate market or a trend diverging from other Martin County areas remains to be seen.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 stands at 8 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.

The numbers for August 2011 were:  342 active listings, 54 pending sales and 30 closed sales.   Marginally better numbers this year than last.

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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, 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 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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