Hobe Sound FL 33455 Condo Market Report June 2016

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

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

There are currently 4 active condo listings. (Down by 1 condos from May)

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

3 Condos sold in June. (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. Inventory levels are at all time lows and it is quite remarkable that there is as much activity as there is in this small segment of the Martin County real estate market.

For June, 2016 the absorption rate is 1.3 months which is what it was back in April (with no sales reported in May, there was no absorption rate for that month). 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 June 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 June 2015 numbers were: 9 active listings, 2 pending sales and 6 closed sales. Better closed activity for last year, but this was with over twice as many active condos for sale. Inventory, or lack of, is playing a major obstacle in the Hobe Sound condo market.

Search Hobe Sound Condominium Properties by Price

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report June 2016

Hobe Sound FL 33455 Residential Market Report June 2016

07.22.16 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report June 2016

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

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

There are currently 193 active listings. (Down by 20 homes from May)

100 Residential sales are pending and awaiting close (Up by 10 homes from May)

54 Homes Sold in June (Up by 2 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues perform strongly even as the inventory declined for this month, though still greater than last year.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 inched up to 3.6 months (4.1 months in May). Continuing in the trend for all of Martin County as a sellers 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 June 2015 were: 150 active listings, 119 pending sales and 61 closed sales. Interestingly for Hobe Sound the inventory is up from last year while volume of sales and pending sales is still lower. Though, this is still an active market, just not as super heated as last year.

Search here for Hobe Sound Florida Real Estate for Sale

Rental Properties

- Rental Properties for Rent in Hobe Sound, Florida Between $0 – $100,000

Residential Properties

- All Residential Properties for Sale in the 33455 Zip Code of Hobe Sound FL

Vacant Land Properties

Commercial Properties

Stuart Florida Real Estate presented by:

the Gabe Sanders real estate team

Hobe Sound FL 33455 Residential Market Report June 2016

Jensen Beach FL 34957 Condo Market Report June 2016

07.21.16 by Gabe Sanders

Jensen Beach FL 34957 Condo Market Report June 2016

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

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

There are currently 22 active listings. (Decreased by 4 condos from May)

14 Condo sales are pending and awaiting settlement. (Up by 3 condos from May)

3 Condos Sold (No change in sold condos from May)

The Jensen Beach FL 34957 Condo Market Report June 2016 remains a small sector as far as condos in Martin County and making meaningful comparisons with such small numbers can be problematic. For June of 2015, available inventory remains quite low, while the pending sales numbers are quite good when the inventory is considered.

The one month absorption rate for the June 2016, Jensen Beach Florida Market Report ZIP Code 34957 dropped a bit to 7.3 months (from 8.7 months in May), still a buyers market for the first time in close to two years. A balanced market is considered to be a 6 to 7 month absorption rate favoring neither the buyer or seller.

The June 2015 numbers were: 31 active listings, 11 pending sales and 5 condos closed. Better sales numbers for last year, but pending sales look good for this year even with the reduced inventory of available condos.

Jensen Beach Condominium Properties by Price

Jensen Beach Florida Real Estate presented by:
Gabe Sanders

Jensen Beach FL 34957 Condo Market Report June 2016

Stuart FL 34997 Condo Market Report June 2016

07.17.16 by Gabe Sanders

Stuart FL 34997 Condo Market Report June 2016

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

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

There are currently 74 active condo listings (Up by 1 condo from May).

Stuart FL 34997 Condo Market Report June 2016

27 Condo sales are pending and awaiting close or lender approval (Down by 13 condos from May).

Stuart FL 34997 Condo Market Report June 2016

24 Condos Sold in June (Increased by 7 condos from May).

Stuart FL 34997 Condo Market Report June 2016

The Stuart FL condo market for zip code 34997 continues to show very strong activity as we get into what will be a typically slower summer season.

The absorption rate dropped to 3.1 months in June from 4.3 months for May. A strong sellers market for the 34997 zip code area of Stuart condos. A 6 to 7 month absorption rate is typically considered to be a balanced market that favors neither the buyer nor the seller.

The June 2015 numbers were: 35 active listings, 19 pending sales and 17 closed sales. Better volume this year with more than double the inventory as well.

Search for Stuart Condos for Sale by Price:

Stuart Florida Real Estate presented by:

Gabe Sanders

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

Stuart FL 34997 Residential Market Report June 2016

07.16.16 by Gabe Sanders

Stuart FL 34997 Residential Market Report June 2016

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

There are currently 299 active listings (Decreased by 5 homes from May).

173 Residential sales are pending and awaiting close or lender approval (Down by 43 homes from May).

125 Homes Sold in June (Increased by 16 homes from May)

The Stuart Florida Residential Market for ZIP Code 34997 is the largest segment of the Stuart FL residential real estate market. It is also currently the most active in terms of sales volume and shows little signs of easing up. Though, I will expect some softening for the summer months.

The absorption rate continues to drop, now down to 2.4 months (was 2.8 months for May). A very strong sellers’ market for the 34997 zip code area of Stuart FL. Typically a balanced market, favoring neither the seller or buyer, is represented by a 6 to 7 month absorption rate.

The 2015 numbers for June, were: 257 active listings, 200 pending listings and 113 closed sales. Closed sales outpaced last years’ volume though pending sales numbers are lower. Inventory is higher this year than last.

Stuart FL 34997 Residential Market Report June 2016

Search here for 34997 Zip Code of Stuart FL real estate for sale

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

Stuart FL 34997 Residential Market Report June 2016

Stuart FL 34996 Condo Market Report June 2016

07.15.16 by Gabe Sanders

Stuart FL 34996 Condo Market Report June 2016

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

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

There are currently 74 active condo listings (Down by 46 condos last month).

27 Condo sales are pending and awaiting close or lender approval (Decreased by 13 condos from May).

21 Condos Sold in June (Decreased by 11 condos from May)

The Stuart FL 34996 Condo Market of Stuart had a large unexpected drop in inventory for this month. Though the market activity remains strong. It remains to be seen if this decline in inventory is just a short term phenomenon.

The current absorption rate for the Stuart Florida condos in ZIP Code 34996 rose to 3.5 months from May’s 3.8 months. Still in a strong sellers’ market for June. A balanced market is considered to occur when the absorption rate is from 6 to 7 months.

The numbers for June 2015 were: 102 active listings, 28 pending sales and 26 closed sales. Slightly better volume last year but also with much more inventory.

Search Stuart FL Condos by Price Below:

Stuart Florida Real Estate presented by:
Gabe Sanders

Stuart FL 34996 Condo Market Report June 2016

Stuart FL 34996 Residential Market Report June 2016

07.14.16 by Gabe Sanders

Stuart FL 34996 Residential Market Report June 2016

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for June 2016

For June 2016 in the Stuart Florida Market Report ZIP Code 34996 Florida :

There are currently 158 active listings (Up by 8 homes from May).

43 Residential sales are pending and awaiting close or lender approval (Down by 5 homes from May).

26 Homes Sold in June (Increased by 4 homes from May).

The 34996 zip code area of the Stuart Florida residential real estate market showed solid activity for June 2016. We also have a welcome increase in inventory that will hopefully continue through the end of this year.

The one month absorption rate for the 34996 zip code area of Stuart Florida for June decreased to 6.1 months as compared to May’s 6.8 months. A balanced market for the 34996 zip code area of Stuart FL. A balanced market, favoring neither buyer or seller is considered to be around a 6 to 7 month absorption rate.

The numbers for June of 2015 were: 136 active listings, 44 pending sales and 8 closed sales. Much better sales activity for this year as compared to last year.

Stuart FL 34996 Residential Market Report June 2016

Search here for real estate in the 34996 Zip Code of Stuart FL

Stuart Florida Real Estate presented by:

the Gabe Sanders real estate team

Stuart FL 34996 Residential Market Report June 2016

Stuart FL 34994 Condo Market Report June 2016

07.13.16 by Gabe Sanders

Stuart FL 34994 Condo Market Report June 2016

Stuart Real Estate Snapshot for ZIP Code 34994, Condo Sales for June 2016

For June 2016 in the 34994 Zip Code area of Stuart, Florida :

There are currently 76 active condo listings (Down by 7 condos from May).

30 Condo sales are pending and awaiting close or lender approval. (Decreased by 13 condos from last month)

27 Condos Sold in June (Up by 9 condos from May).

The Stuart FL 34994 Condo market had a very strong sales month for June of 2016. Pending sales are off slightly, but this is still an active market.

The absorption rate for June dropped to 2.8 months compared to last month’s 4.6. An extreme sellers’ market for the condo segment of Stuart’s 34994 zip code area. Typically a real estate market is considered to be a balanced market with an absorption rate of 6 to 7 months. Meaning neither the buyers or sellers have an advantage in the real estate market.

Last June the numbers were 83 active listings, 34 pending sales, and 23 closed sales. Slightly better closed volume for 2016 with a lower amount of inventory

Search for Stuart FL Condos by Price Below:

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

Stuart Florida Market Report ZIP Code 34994 – Condo, June 2016

Sewalls Point Single Family Market Report June 2016

07.11.16 by Gabe Sanders

Sewalls Point Single Family Market Report June 2016

Sewalls Point Real Estate Snapshot, Residential Sales for June 2016

There are currently 76 active listings (Up by 6 homes since last month)

5 home sales are pending and awaiting close or lender approval (Decreased by 6 homes from May)

19 Homes sold in June (Increased by 1 home sales from May)

The single family real estate market in Sewalls Point for June continued with good closed activity. Unfortunately pending sales are down which could indicate slower closed activity for the coming months.

The current absorption rate dipped to 7.6 months, in May it was 7.8 months. Continuing in a positive direction for Sewall’s Point FL.. A 6 to 7 month absorption rate is considered a balanced market where neither the seller nor buyer have an advantage.

Comparing the results to June of 2014, the inventory was 61 homes on the market, 15 pending sales and there were 3 closed sales. The inventory is considerably higher this year and pending sales are off from last year, while closed sales were higher.

Search below for Sewalls Point Florida Real Estate for Sale

Rental Properties

Rental Properties for Rent in Sewalls Point, Florida Between $0 – $100,000

Vacant Land Properties

Residential Properties

Sewalls Point Single Family Market Report June 2016

Hobe Sound FL 33455 Condo Market Report May 2016

06.23.16 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report May 2016

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

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

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

7 Condos are pending and awaiting close. (Up by 1 condos from April)

No Condos sold in May. (Down by 4 from last month)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. We are down to only 5 available condos for sale in all of Hobe Sound which is not much for buyers to choose from. Pending sales are strong, but there were no closed sales in May.

There were no sales in Hobe Sound condos for May, but for April the absorption rate was 1.3 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 May 2015 numbers were: 8 active listings, 4 pending sales and 1 closed sales. Pending sales are the only statistic that is doing better this year than last.

Search Hobe Sound Condominium Properties by Price

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report May 2016

Hobe Sound FL 33455 Residential Market Report May 2016

06.22.16 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report May 2016

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

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

There are currently 213 active listings. (Down by 4 homes from April)

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

52 Homes Sold in May (Down by 2 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues to be a strong market even as sales and pending sales were slightly down from the previous month.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 inched up to 4.1 months (4.0 months in April). The third month in a row of being in a sellers market after two months of a balanced 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 May 2015 were: 180 active listings, 113 pending sales and 65 closed sales. Market activity was better last year even with a reduce inventory, though this is still an active market.