Hobe Sound FL 33455 Condo Market Report July 2017

Hobe Sound FL 33455 Condo Market Report July 2017

 

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Condo Sales for July 2017

 

For July 2017 in the 33455 Zip Code area of Hobe Sound, Florida :

 

There are currently 19 active condo listings. (Increased by 4 condos from June)

Hobe Sound FL 33455 Condo Market Report July 2017

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

Hobe Sound FL 33455 Condo Market Report July 2017

No Condos sold in July. (Decreased by 3 condos from June)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  There were no sales this month and activity is weak.

The absorption rate for Hobe Sound condos cannot be determined for July as there were no sales (was 5 months in June). 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 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 July 2016 numbers were: 3 active listings, 6 pending sales and 3 closed sales.  Much higher inventory this year and reduced activity.

Hobe Sound FL 33455 Condo Market Report July 2017

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report July 2017

Hobe Sound FL 33455 Residential Market Report July 2017

Hobe Sound FL 33455 Residential Market Report July 2017

Hobe Sound Real Estate Snapshot for ZIP Code 33455, Residential Sales for July 2017

  For July 2017 in the 33455 Zip Code area of Hobe Sound, Florida :

There are currently 208 active listings. (Increased by 30 homes from June)

Hobe Sound FL 33455 Residential Market Report July 2017

82 Residential sales are pending and awaiting close  (Up by 13 homes from June)

Hobe Sound FL 33455 Residential Market Report July 2017

33 Homes Sold in July (Down by 20 homes from last month)

Hobe Sound FL 33455 Residential Market Report July 2017

The Hobe Sound Florida Market Report ZIP Code 33455 had a nice rise in inventory and pending sales remain strong. Closed sales were off for the month.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 jumped to 6.3 months (3.4 months in June).  Now, a balanced market for Hobe Sound residential real estate.  An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for July 2016 were:  192 active listings, 83 pending sales, and 46 closed sales.  Better volume of closed sales last year with pending sales just about the same and more inventory.

Hobe Sound FL 33455 Residential Market Report July 2017

Search here for Hobe Sound Florida Real Estate for Sale

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

Hobe Sound FL 33455 Residential Market Report July 2017

The Preserve of Hobe Sound August 2017 Real Estate Market Report

The Preserve of Hobe Sound August 2017 Real Estate Market Report

For August 2017, there are 2 homes on the market in the Preserve of Hobe Sound.  These homes are listed for $270,000 and $285,000 for an average list price of $277,500 which is $137.58 per sq. ft. of living area.

There are two homes currently under contract.  These homes were listed for $279,711 and $329,000 for an average list price of $304,356 or $150.90 per sq. ft. of living area.  These homes averaged 17 days on the market before going under contract

In the past 12 months, 23 homes have sold in the Preserve.  Sales prices ranged from $245,000 up to $331,500 for an average sales price of $289,283 which works out to $143.42 per sq. ft. of living area.  These homes averaged 43 days on the market before going under contract and sold for 97% of list price.

About The Preserve of Hobe Sound:

The Preserve of Hobe Sound

The Preserve of Hobe Sound is a DiVosta built community which was completed in 1989 with just over 300 Hampton model homes which feature 2,017 sq. ft. of living area with 3 bedrooms and 2 bathrooms and a two car garage.  The garages come in both front and side entrance varieties.

The Preserve of Hobe Sound The Preserve of Hobe Sound

This community is just west of Federal Highway (Us-1) on Seabranch Avenue and lies adjacent to the Lost Lake Golf Club which has memberships available for those wishing to play golf as well as social memberships for others who enjoy the company of like-minded local residents.

The Preserve of Hobe Sound The Preserve of Hobe Sound

This is a gated community with a very attractive waterfall lake entrance.  Many homes enjoy lovely views of the five lakes on the grounds while a few have views of the Lost Lake Golf Course.  All ages are welcome and up to two large pets are permitted.  The community offers a heated pool, two tennis courts and two bocce ball courts along with a small clubhouse.  Low HOA fees of $184.00 a month (as of August 2017) cover landscaping (front of home) as well as the common areas, basic cable TV, management fees and trash pickup.

Children who reside in the Preserve are zoned to attend the Sea Wind Elementary School, Murray Middle School, and South Fork High School.

The Preserve of Hobe Sound The Preserve of Hobe Sound

This great location is only a 15-minute drive to historic downtown Stuart and about 20 minutes to the Town of Jupiter as well as offering easy access to Jupiter Island Beaches and numerous marinas and boat ramps available at no charge to Martin County Residents.

There are also excellent medical facilities close by as well as restaurants and shopping.  A great choice for those moving to Florida for a new home as well as those looking to get away from the harsh northern winters.

Search here for any available Preserve Homes for Sale

The Preserve of Hobe Sound August 2017 Real Estate Market Report

Bahia Sound Real Estate Market Report for August 2017

Bahia Sound Real Estate Market Report for August 2017

There are 3 homes for sale in Bahia Sound in Hobe Sound for August 2017.  List prices are from $484,900 up to $563,900 for an average of $511,933 which equals $186.24 per sq. ft. of living area.

There are no homes currently under contract.

Only 1 home has sold in the past 12 months.  The sales price was $$484,900 or $201.04 per sq. ft. of living area.  This home was on the market for 254 days prior to going under contract and sold for 97% of list price.

About Bahia Sound in Hobe Sound:

Bahia Sound in Hobe Sound

The gated community of Bahia Sound is located on both the east and west sides of Gomez Avenue in Hobe Sound FL. This community has only 51 home sites. Homes have been built from 1990 to 2015 and as of this writing (July 2017), there are still 6 vacant lots. These homes are on lots of around 1/4 to 1/3 of an acre and range in size from 4 bedrooms, 3 bathroom homes of around 3,400 sq. ft. of living area down to 3 bedrooms, 2 bathroom homes of just over 2,000 sq. ft. Most homes are single story, however, there are a number of 2 story homes. There was no preferred builder so all of these homes are individual and unique.

Bahia Sound in Hobe Sound Bahia Sound in Hobe Sound

There is a boardwalk through the preserve area to a private dock area as well as kayak/canoe storage. There are only a limited number of docks available and those with deeded docks have the ability to sell these docks to other Bahia Sound owners.

Bahia Sound in Hobe Sound Bahia Sound in Hobe Sound

The HOA fees (as of July 2017) are just under $140 a month. These fees cover maintenance and insurance of the common areas and security gates as well as trash pickup. There are no other community amenities in this community.

Bahia Sound in Hobe Sound Bahia Sound in Hobe Sound

Children are currently zoned to attend the Hobe Sound Elementary School, Murray Middle School, and the South Fork High School.

This community is located next to the Jimmy Graham Park and is only 5 miles +/- to Jupiter Inlet or St. Lucie Inlet as well as 10 min to Pecks Lake by boat.  There’s easy access to US-1 and either the City of Stuart or south to the town of Jupiter for entertainment, fine restaurants, movies and first class medical facilities.

Search for Bahia Sound Homes for sale

Search for Hobe Sound Real Estate

Bahia Sound Real Estate Market Report for August 2017

Mystic Cove Real Estate Market Report for July 2017

Mystic Cove Real Estate Market Report for July 2017

As of July 2017, there are 2 homes on the market in the Mystic Cove community of Hobe Sound FL with list prices of $503,000 and $599,900 for an average list price of $551,450 which equals $225.51 per square foot of living area.

There is 1 home under contract (pending) awaiting their closing. This home was listed for $479,000 which is $194.16 per square foot of living area. This home was on the market for 208 days prior to going under contract.

In the past 12 months, 1 home has sold.  This home sold for $638,000 which is $208.84 per square foot of living area. This home was on the market for 57 days prior to going under contract and sold for 97% of list price.

About Mystic Cove in Hobe Sound:

Mystic Cove

Mystic Cove in Hobe Sound is a gated community of only 35 lots.  As of this writing, there are still 2 vacant lots which have yet to be built upon.  This is a waterfront community on the Intracoastal Waterways and just on the east side of Gomez Ave about a half mile north of Bridge Road (which accesses Jupiter Island and the shores of the crystal clear waters of the Atlantic Ocean.

Mystic Cove Mystic Cove

Mystic Cove has 16 deeded docks to owners within the community that are accessible via a boardwalk through the mango preserve area.  These docks may have lifts with electricity and water available.  Access to the Ocean is either through the Saint Lucie Inlet in Stuart or the Jupiter Inlet in Jupiter.

The homes in Mystic Cove were built from 1989 to 2008 and range in size from just under 2,000 sq. ft. of living area with 3 bedrooms and 2 bathrooms up to over 3,500 sq. ft. and 4 bedrooms and 4 bathrooms.  All of these lots are over one-quarter of an acre with the largest lots just over one-third of an acre.

Mystic Cove Mystic Cove

HOA fees as of June 2017 are $117.00 a month for homes without docks and $166.00 for homes with docks.

Children in Mystic Cove are zoned to attend the Hobe Sound Elementary School, Murray Middle School and the South Fork High School.

Click on this link to see available homes for sale in Mystic Cove

For a complete list of available homes that include non-Martin County MLS listings please email or call Gabe Sanders at 772-888-2885