Hobe Sound FL 33455 Condo Market Report April 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for April 2016

For April 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 5 active condo listings. (No change in active condos from March)

6 Condos are pending and awaiting close. (Down by 1 condos from March)

4 Condos sold. (Up by 1 from last month)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. April showed strong activity for the little existing inventory available for Hobe Sound Condos.

There were no sales in Hobe Sound condos for both January and March, but for April the absorption rate is 1.3 months, for December of 2015 it was 1.7 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 April 2015 numbers were: 10 active listings, 2 pending sales and 5 closed sales. Considering we have just over half the active inventory from last year, this months sales volume is impressive.

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Hobe Sound FL 33455 Condo Market Report April 2016

Hobe Sound FL 33455 Residential Market Report April 2016

05.22.16 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report April 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for April 2016

For April 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 217 active listings. (Up by 9 homes from March)

99 Residential sales are pending and awaiting close (Down by 17 homes from March)

54 Homes Sold in April (Down by 2 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County while still an active market is showing some signs of weakness with less close sales and pending sales and an increasing inventory.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 4.0 months (3.8 months in March). The second month in a row of being in a sellers market after two months of being in a balance one. 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 2015 were: 178 active listings, 133 pending sales and 63 closed sales. Better activity last year even though there was less inventory. One of the few areas of Martin County with greater inventory than from 2015.

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Hobe Sound FL 33455 Residential Market Report April 2016

Jensen Beach FL 34957 Condo Market Report April 2016

05.21.16 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report April 2016

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

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

There are currently 32 active listings. (Increased by 7 condos from March)

8 Condo sales are pending and awaiting settlement. (Decreased by 5 condos from March)

12 Condos Sold (Increased by 3 condos from March)

The Jensen Beach FL 34957 Condo Market Report April 2016 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic. The Jensen Beach condo inventory is the real issue with not enough to choose from for those buyers looking in the area, though for April we had a nice little increase which will hopefully continue. Unfortunately pending sales were off for the month.

The one month absorption rate for the April 2016, Jensen Beach Florida Market Report ZIP Code 34957 was 2.7 months (from 2.8 months in March), continuing as a very extreme sellers market. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The April 2015 numbers were: 28 active listings, 16 pending sales and 11 condos closed. Similar to last years numbers.

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Jensen Beach FL 34957 Condo Market Report April 2016

Palm City FL 34990 Condo Market Report April 2016

05.19.16 by Gabe Sanders

Palm City FL 34990 Condo Market Report April 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Condo Sales for April 2016

For April 2016 in the 34990 Zip Code area of Palm City, Florida :

There are currently 65 active condo listings. (No change in active condos from March)

12 Condo sales are pending and awaiting close or lender approval. (Down by 3 condos from last month)

8 Condos Sold in April. (Up by 4 condos from March)

The Palm City FL 34990 condo real estate market is a fairly small segment of the Martin County condo market. For April of 2015 sales increased nicely while pending sales were off while the inventory remained unchanged, though higher thanlast year.

The current absorption rate for condos in the 34990 zip code area dipped to 8.1 months (was 16.25 months in April). Still a buyers market for Palm City condos, though these numbers should be taken with a grain of salt because of the low number of available properties. A balanced market is considered to be an absorption rate of around 6 to 7 months.

The April 2015 numbers were: 55 active listings, 11 pending sales and 7 closed sales. Very similar activity to last year, though interestingly the inventory of available condos has now exceeded last years amount.

Palm City FL 34990 Condo Market Report April 2016

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Palm City FL 34990 Condo Market Report April 2016

Palm City FL 34990 Residential Market Report April 2016

05.18.16 by Gabe Sanders

Palm City FL 34990 Residential Market Report April 2016

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for April 2016

For April 2016 in the 34990 Zip Code area of Palm City Florida :

There are currently 375 active listings (Decreased by 24 homes from March)

175 Residential sales are pending and awaiting close or lender approval. (Decreased by 4 homes from last month)

84 Homes Sold in March (Increased by 4 sold homes from March)

The Palm City FL, zip code 34990, residential real estate market continues to be an active market with properly priced homes moving very quickly. This activity will most likely continue through the summer season.

The monthly absorption rate decreased to to 4.7 months from 5 months in March. Continuing as a sellers market for the Palm City zip code 34990 area for residential sales. A 6 to 7 month absorption rate is typically considered a balanced market that doesn’t favor either sellers or buyers.

The April 2015 numbers were: 381 active listings, 217 pending sales and 73 closed sales. Better closed volume for this year but pending sales were better last year.

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Palm City FL 34990 Residential Market Report April 2016

Stuart FL 34997 Condo Market Report April 2016

05.17.16 by Gabe Sanders

Stuart FL 34997 Condo Market Report April 2016

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

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

There are currently 71 active condo listings (Down by 4 condos from March).

Stuart FL 34997 Condo Market Report April 2016

39 Condo sales are pending and awaiting close or lender approval Up by 1 condos from March).

Stuart FL 34997 Condo Market Report April 2016

16 Condos Sold in April (Decreased by 5 condos from March).

Stuart FL 34997 Condo Market Report April 2016

The Stuart FL condo market for zip code 34997 for April had fewer sales than the previous month while also continuing a reduction in inventory, while pending sales remained moderate.

The one month absorption rate jumped to 4.4 months from 3.6 months for March. Still a sellers market though drifting towards more of a balanced 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 April 2015 numbers were: 43 active listings, 30 pending sales and 18 closed sales. One of the few segments of the Martin County real estate market with a higher inventory this year as compared to last. Consequently we should have better sales volume, but alas, it was stronger last year.

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

Stuart FL 34997 Residential Market Report April 2016

05.16.16 by Gabe Sanders

Stuart FL 34997 Residential Market Report April 2016

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

There are currently 309 active listings (Increased by 1 homes from March).

219 Residential sales are pending and awaiting close or lender approval (Increased by 44 homes from March).

99 Homes Sold in April (Increased by 21 homes from March)

The Stuart Florida Residential Market for ZIP Code 34997 continues as the largest and the most active segment of the Martin County single family real estate market. Closed and pending sales had a second month of large improvements from last month as this segment of the Stuart residential real estate market remains very active and at a big advantage for sellers.

The current one month absorption rate plunged to 3.1 months (was 3.9 months for March). Even a stronger sellers market for the 34997 segment of the Stuart residential market. Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

The 2015 numbers for April, were: 315 active listings, 223 pending listings and 98 closed sales. Very similar activity to last year.

Stuart FL 34997 Residential Market Report April 2016

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Stuart FL 34997 Residential Market Report April 2016

Stuart FL 34996 Condo Market Report April 2016

05.15.16 by Gabe Sanders

Stuart FL 34996 Condo Market Report April 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for April 2016

For April 2016 in the 34996 Zip Code area of Stuart, Florida :

There are currently 126 active condo listings (Up by 12 condos last month).

48 Condo sales are pending and awaiting close or lender approval (Decreased by 5 condos from March).

37 Condos Sold in April (Increased by 6 condos from March)

The Stuart FL 34996 Condo Market of Stuart showed strong sales volume and a welcome increase in inventory for this April 2016 market report.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 plunged to only 3.4 months from March’s 3.9 months. Even a stronger sellers market for April when compared to earlier months. A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for April 2015 were: 110 active listings, 55 pending sales and 23 closed sales. Impressively, better closed sales for this year. And, also one of the few segments of our market with greater inventory than was available last year.

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Stuart FL 34996 Condo Market Report April 2016

Hobe Sound FL 33455 Condo Market Report March 2016

04.23.16 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report March 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for March 2016

For March 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 5 active condo listings. (Decreased by 4 condos from February)

7 Condos are pending and awaiting close. (Up by 2 condos from February)

3 Condos sold. (Up by 3 from last month)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. March brought the first sale for condos in Hobe Sound for 2016. Though, with such low inventory, it is hard to make any meaningful comparisons as long as this market remains like this.

There were no sales in Hobe Sound condos for both January and February, but for March the absorption rate is 1.7 months, 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 March 2015 numbers were: 8 active listings, 9 pending sales and 4 closed sales. Better activity last year with the slightly higher inventory.

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Hobe Sound Florida Real Estate presented by:
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Hobe Sound FL 33455 Condo Market Report March 2016

Hobe Sound FL 33455 Residential Market Report March 2016

04.22.16 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report March 2016

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for March 2016

For March 2016 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 206 active listings. (Down by 6 homes from February)

116 Residential sales are pending and awaiting close (Up by 9 homes from February)

56 Homes Sold in March (Up by 19 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County rebounded very strongly for March with increases in closed and pending sales. With this kind of activity, the available inventory of homes for sale just isn’t enough to meet the buyers demands.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 3.8 months (7.6 months in February). Back to a very strong sellers market after two months of either a balanced or buyers markets. 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 2015 were: 220 active listings, 122 pending sales and 52 closed sales. Stronger closed sales for 2016, but better pending sales and a slightly greater inventory last March.