Hobe Sound FL 33455 Condo Market Report May 2018

Hobe Sound FL 33455 Condo Market Report May 2018

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for May 2018

For May 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 6 active condo listings. (Decreased by 2 condos from April)

Hobe Sound FL 33455 Condo Market Report May 2018

5 Condos are pending and awaiting close. (Unchanged from April)

Hobe Sound FL 33455 Condo Market Report May 2018

1 Condos sold in May. (Decreased by 6 condos from April)

 Hobe Sound FL 33455 Condo Market Report May 2018

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  We saw a further decline in inventory which is not a good sign for future sales volume.

The absorption rate for Hobe Sound condos was 6 months for May as compared to 1.1 months in April).  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 in percentages that do 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 2017 numbers were: 16 active listings, 5 pending sales, and 2 closed sales.  Much stronger activity last year with more than double the inventory of available condos for sale.

Hobe Sound FL 33455 Condo Market Report May 2018

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Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report May 2018

Hobe Sound FL 33455 Residential Market Report May 2018

Hobe Sound FL 33455 Residential Market Report May 2018

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for May 2018

  For May 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 184 active listings. (Decreased by 1 homes from April)

Hobe Sound FL 33455 Residential Market Report May 2018

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

Hobe Sound FL 33455 Residential Market Report May 2018

63 Homes Sold in May (Up by 11 homes from last month)

Hobe Sound FL 33455 Residential Market Report May 2018

The Hobe Sound Florida Market Report ZIP Code 33455 continues with very active sales activity.  There was a nice rise in closed sales this month when compared to last month.  Pending sales also remain quite strong.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 decreased to 2.9 months ( It was 3.6 months in April).  Remaining in an extreme seller’s market for Hobe Sound residential real estate.  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 2017 were:  176 active listings, 68 pending sales, and 64 closed sales.  Almost identical sales volume when compared to last year.  Pending sales, though, are much better this year.  Interestingly, this is one of the few areas in Martin County with a higher inventory of homes for sale this year when compared to last year.

Hobe Sound FL 33455 Residential Market Report May 2018

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Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Hobe Sound FL 33455 Residential Market Report May 2018

Jensen Beach FL 34957 Condo Market Report May 2018

Jensen Beach FL 34957 Condo Market Report May 2018

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for May 2018

For May 2018 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County):

There are currently 108 active listings. (Decreased by 10 condos from April)

Jensen Beach FL 34957 Condo Market Report May 2018

43 Condo sales are pending and awaiting settlement. (Up by 3 condos from April)

Jensen Beach FL 34957 Condo Market Report May 2018

31 Condos Sold (Down by 11 condos from April)

Jensen Beach FL 34957 Condo Market Report May 2018

 The Jensen Beach FL 34957 Condo Market Report for May continued to show strong sales activity.  Closed sales were off from last month but still strong.  Unfortunately, like in many other Martin County areas, the inventory is decreasing.

The one-month absorption rate for the May 2018, Jensen Beach Florida Market Report ZIP Code 34957 rose to 3.5 months (from 2.4 months in April), still a seller’s market.   A balanced market is considered to be a 6 to 7-month absorption rate favoring neither the buyer or seller.

The May 2017 numbers were: 122 active listings, 44 pending sales, and 28 condos closed.  Quite a similar volume of sales and pending sales when compared to last year but on a reduced number of condos available for sale.

Jensen Beach FL 34957 Condo Market Report May 2018

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Click on this link and fill out the form for an accurate personal evaluation

Jensen Beach Florida Real Estate presented by:
Gabe Sanders

Jensen Beach FL 34957 Condo Market Report May 2018

Hobe Sound FL 33455 Condo Market Report April 2018

Hobe Sound FL 33455 Condo Market Report April 2018

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for April 2018

For April 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 8 active condo listings. (Decreased by 1 condos from March)

Hobe Sound FL 33455 Condo Market Report April 2018

5 Condos are pending and awaiting close. (Down by 4 condos from March)

Hobe Sound FL 33455 Condo Market Report April 2018

7 Condos sold in April. (Increased by 5 condos from March)

 Hobe Sound FL 33455 Condo Market Report April 2018

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Good sales results for April but the ultra-low inventory of available condos for sale will negatively affect future activity.

The absorption rate for Hobe Sound condos was 1.1 months for April as compared to 4.5 months in March).  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 in percentages that do 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 April 2017 numbers were: 15 active listings, 6 pending sales, and 4 closed sales.  Better closed sales numbers this year, but also a greatly reduced inventory of available condos for sale.

Hobe Sound FL 33455 Condo Market Report April 2018

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Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report April 2018

Hobe Sound FL 33455 Residential Market Report April 2018

Hobe Sound FL 33455 Residential Market Report April 2018

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for April 2018

  For April 2018 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 185 active listings. (Decreased by 9 homes from March)

Hobe Sound FL 33455 Residential Market Report April 2018

101 Residential sales are pending and awaiting close  (Down by 4 homes from March)

Hobe Sound FL 33455 Residential Market Report April 2018

52 Homes Sold in April (Up by 7 homes from last month)

Hobe Sound FL 33455 Residential Market Report April 2018

The Hobe Sound Florida Market Report ZIP Code 33455 showed strong activity for April with closed sales increasing from March as well as strong pending sales numbers.  The inventory is getting quite low by historical standards and could use some mprovemtn with more homes for sale.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 3.6 months ( It was 4.3 months in March).  In a pretty extreme seller’s market for Hobe Sound residential real estate.  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 2017 were:  183 active listings, 94 pending sales, and 54 closed sales.  A very hot market that is similar in sales volume and inventory to last year.

Hobe Sound FL 33455 Residential Market Report April 2018

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Click on this link and fill out the form for an accurate personal evaluation

Search here for Hobe Sound Florida Real Estate for Sale

Stuart Florida Real Estate presented by:
the Gabe Sanders real estate team

Hobe Sound FL 33455 Residential Market Report April 2018