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

Hobe Sound FL 33455 Residential Market Report January 2019

Hobe Sound FL 33455 Residential Market Report January 2019

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

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

There are currently 246 active listings. (Up by 28 homes from December)

Hobe Sound FL 33455 Residential Market Report January 2019

63 Residential sales are pending and awaiting close  (Up by 13 homes from December)

Hobe Sound FL 33455 Residential Market Report January 2019

26 Homes Sold in January (Down by 13 homes from last month)

Hobe Sound FL 33455 Residential Market Report January 2019

The Hobe Sound Florida Market Report ZIP Code 33455 showed a drop in closed sales and an increase in pending sales on greater inventory.  This segment of the Martin County residential real estate could use some improvement.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 dropped to 9.5 months (It was 5.6 months in December).  Returning into a buyer’s market for Hobe Sound residential real estate after one month as a seller’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 January 2018 were:  193 active listings, 74 pending sales, and 37 closed sales.  Much better activity last year even though there was less inventory of Hobe Sound homes for sale.

Hobe Sound FL 33455 Residential Market Report January 2019

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Hobe Sound FL 33455 Residential Market Report January 2019

Jensen Beach FL 34957 Condo Market Report January 2019

Jensen Beach FL 34957 Condo Market Report January 2019

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

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

There are currently 120 active listings. (Increased by 10 condos from December)

Jensen Beach FL 34957 Condo Market Report January 2019

25 Condo sales are pending and awaiting settlement. (Up by 7 condos from December)

Jensen Beach FL 34957 Condo Market Report January 2019

18 Condos Sold (Up by 6 condos from December)

Jensen Beach FL 34957 Condo Market Report January 2019

 The Jensen Beach FL 34957 Condo Market Report continues with an increased inventory of available condos for sale.  Both closed and pending sales rose incrementally when compared to last month.

The one-month absorption rate for the January 2019, Jensen Beach Florida Market Report ZIP Code 34957 dropped to 6.7 months (from 9.2 months in December), back into a balanced market after one month in a buyer’s market.  A balanced market is considered to be a 6 to 7-month absorption rate favoring neither the buyer or seller.

The January 2018 numbers were: 119 active listings, 47 pending sales, and 15 condos closed.  There was a much stronger number of pending sales last year while inventory and closed sales are very similar.

Jensen Beach FL 34957 Condo Market Report January 2019

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Jensen Beach Florida Real Estate presented by:
Gabe Sanders

Jensen Beach FL 34957 Condo Market Report January 2019

Hobe Sound FL 33455 Condo Market Report December 2018

Hobe Sound FL 33455 Condo Market Report December 2018

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

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

There is currently only 1 active condo listing. (Decreased by 1 condo from November)

Hobe Sound FL 33455 Condo Market Report December 2018

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

Hobe Sound FL 33455 Condo Market Report December 2018

5 Condos sold in December. (Up by 2 condo from November)

 Hobe Sound FL 33455 Condo Market Report December 2018

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 moving off the market quite fast.

The absorption rate for Hobe Sound condos was 0.2 months for December as compared to 0.7months in November).  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 December 2017 numbers were: 10 active listings, 5 pending sales, and 4 closed sales.  Similar sales activity when compared to last year but with hardly any inventory of condos for sale.

Hobe Sound FL 33455 Condo Market Report December 2018

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Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report December 2018