Jensen Beach FL 34957 Condo Market Report March 2019

Jensen Beach FL 34957 Condo Market Report March 2019

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for March 2019

For March 2019 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County):

There are currently 104 active listings. (Decreased by 18 condos from February)

Jensen Beach FL 34957 Condo Market Report March 2019

54 Condo sales are pending and awaiting settlement. (Up by 18 condos from February)

Jensen Beach FL 34957 Condo Market Report March 2019

22 Condos Sold (Up by 9 condos from February)

Jensen Beach FL 34957 Condo Market Report March 2019

 The Jensen Beach FL 34957 Condo Market Report rebounded strongly from a couple of weak winter months.  Both closed and ending sales saw significant improvements from the past few months.

The one-month absorption rate for the March 2019, Jensen Beach Florida Market Report ZIP Code 34957 plunged to 4.7 months (from 9.4 months in February), back into a seller’s market after a few months absence.  A balanced market is considered to be a 6 to 7-month absorption rate favoring neither the buyer or seller.

The March 2018 numbers were: 109 active listings, 58 pending sales, and 27 condos closed.  A better volume of closed and pending sales last year for Jensen Beach condos.

Jensen Beach FL 34957 Condo Market Report March 2019

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Jensen Beach FL 34957 Condo Market Report March 2019

Hobe Sound FL 33455 Condo Market Report February 2019

Hobe Sound FL 33455 Condo Market Report February 2019

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for February 2019

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

There are currently only 2 active condo listings. (Up by 1 condo from January)

Hobe Sound FL 33455 Condo Market Report February 2019

2 Condos are pending and awaiting close. (Down by 1 condo from January)

Hobe Sound FL 33455 Condo Market Report February 2019

1 Condos sold in February. (Down by 3 condos from January)

Hobe Sound FL 33455 Condo Market Report February 2019

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  The inventory of available condos has once again reached very small levels and this will impact future condo market activity in Hobe Sound.  Yet, even with such little inventory, these condos are selling well.

The absorption rate for Hobe Sound condos was 2 months for February as compared to 0.3 months in January).  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 February 2018 numbers were: 10 active listings, 4 pending sales, and 1 closed sale.  Considerably better activity last year, along with a greater number of condos available for sale.

Hobe Sound FL 33455 Condo Market Report February 2019

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Hobe Sound Florida Real Estate presented by:
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Hobe Sound FL 33455 Condo Market Report February 2019

Hobe Sound FL 33455 Residential Market Report February 2019

Hobe Sound FL 33455 Residential Market Report February 2019

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for February 2019

  For February 2019 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 256 active listings. (Up by 10 homes from January)

Hobe Sound FL 33455 Residential Market Report February 2019

66 Residential sales are pending and awaiting close  (Up by 3 homes from January)

Hobe Sound FL 33455 Residential Market Report February 2019

39 Homes Sold in February (Up by 13 homes from last month)

Hobe Sound FL 33455 Residential Market Report February 2019

The Hobe Sound Florida Market Report ZIP Code 33455 had a nice increase in closed sales after a weak January.  Though the inventory is increasing and sales appear not to be keeping pace with them at this time.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 6.6 months (It was 9.5 months in January).  Returning into a balanced market for Hobe Sound residential real estate after one month as a buyer’s 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 February 2018 were:  207 active listings, 80 pending sales, and 41 closed sales.  Slightly better sales activity last year, but also with a reduced number of homes for sale as compared to now.  With, that considered much better activity last year.

Hobe Sound FL 33455 Residential Market Report February 2019

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Hobe Sound FL 33455 Residential Market Report February 2019

Jensen Beach FL 34957 Condo Market Report February 2019

Jensen Beach FL 34957 Condo Market Report February 2019

Jensen Beach Real Estate Snapshot for ZIP Code 34957, Condo Sales for February 2019

For February 2019 in the 34957 Zip Code area of Jensen Beach, Florida (Martin County):

There are currently 122 active listings. (Increased by 2 condos from January)

Jensen Beach FL 34957 Condo Market Report February 2019

36 Condo sales are pending and awaiting settlement. (Up by 11 condos from January)

Jensen Beach FL 34957 Condo Market Report February 2019

13 Condos Sold (Down by 5 condos from January)

Jensen Beach FL 34957 Condo Market Report February 2019

 The Jensen Beach FL 34957 Condo Market Report continues to have an increase of available condos for sale.  Closed sales were down for February but pending sales increased.  Hopefully, this will result in stronger sales volume in the coming months.

The one-month absorption rate for the February 2019, Jensen Beach Florida Market Report ZIP Code 34957 rose to 9.4 months (from 6.7 months in January), back into a buyer’s market after one month in a balanced market.  A balanced market is considered to be a 6 to 7-month absorption rate favoring neither the buyer or seller.

The February 2018 numbers were: 112 active listings, 46 pending sales, and 30 condos closed.  The sales and pending sales volume were stronger last year.  Inventory is up this year as well.

Jensen Beach FL 34957 Condo Market Report February 2019

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Jensen Beach Florida Real Estate presented by:
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Jensen Beach FL 34957 Condo Market Report February 2019

Hobe Sound FL 33455 Condo Market Report January 2019

Hobe Sound FL 33455 Condo Market Report January 2019

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for January 2019

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

There is currently only 1 active condo listing. (Unchanged from December)

Hobe Sound FL 33455 Condo Market Report January 2019

3 Condos are pending and awaiting close. (Down by 1 condo from December)

Hobe Sound FL 33455 Condo Market Report January 2019

4 Condos sold in January. (Down by 1 condo from December)

Hobe Sound FL 33455 Condo Market Report January 2019

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  The inventory of available condos has once again reached very small levels and this will impact future condo market activity in Hobe Sound.  Yet, even with such little inventory, these condos are selling well.

The absorption rate for Hobe Sound condos was 0.3 months for January as compared to 0.2 months in December).  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 January 2018 numbers were: 12 active listings, 5 pending sales, and 4 closed sales.  Slightly better activity last year, but there was at least a few more condos available for sale.

Hobe Sound FL 33455 Condo Market Report January 2019

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

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report January 2019