The Arbors in Hobe Sound May 2016 Market Report
There are 4 available homes for sale in The Arbors as of May 2016. List prices are $439,900 to $597,500 for an average of $519,100 which equals $199.88 per sq. ft. of living area. These homes have been on the market for an average of 34 days.
There are three homes under contract which have not completed the sales process. The list prices ranged from $479,000 to $575,000 for an average list price of $527,000 or $196.58 per sq. ft. of living area.. These homes averaged 162 days on market prior to going under contract.
In the past 12 months, 8 homes have sold in the Arbors. Sales prices ranged from $315,000 to $578,500 for an average sales price of $407,063 which equals $176.87 per sq. ft. of living area. These sales averaged at 96% of the listed price and were on the market for an average of 131 days prior to entering into an agreement for sale.
In northern Hobe Sound just west of Federal Highway and off of Seabranch Avenue is the exclusive 190 homes of the Arbors. This exclusive gated community of upscale homes all border on lakes or preserve with generous lots and elbow room not found in many modern developments. In addition to the two serene lakes the Arbors also contains generous nature preserves to protect the indigenous hardwoods and pines as well as offering a home to native flora and fauna. Residents of the Arbors enjoy seeing endangered srub jays and gopher tortoises as well as pairs of sandhill cranes. To enjoy the surrounding 100 acres of protected preserve areas, the Arbors has set up a walking trail through much of this land. Great for a morning walk or excellent exercise for those that wish to go for a run or jog.
All this in a location that is just minutes from many championship golf courses, the beautiful beaches of the Atlantic Ocean and the marinas and waterways of Martin County. Close to Martin County’s ‘A’ rated schools, shopping centers, medical facilities and all necessary urban services yet in a quiet peaceful setting. The Arbors is less than an hour away from Palm Beach International Airport and just about equi-distant from Miami and Orlando, both only two hours by car.
The Arbors is a wonderful place to call home.
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