Hobe Sound FL 33455 Condo Market Report July 2019

Hobe Sound FL 33455 Condo Market Report July 2019

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

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

There are currently 10 active condo listings. (Down by 2 condos from June)

Hobe Sound FL 33455 Condo Market Report July 2019

5 Condos are pending and awaiting close. (Up by 2 condos from June)

Hobe Sound FL 33455 Condo Market Report July 2019

3 Condo sold in July. (Up by 2 condos from June)

Hobe Sound FL 33455 Condo Market Report July 2019

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Even with these small number of available condos for sale, the activity remains strong.  There is surprisingly strong activity for such a small market segment of Martin County.

The absorption rate for Hobe Sound condos was 3.3 months for July (it was 12 months for 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 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 July 2018 numbers were: 5 active listings, 5 pending sales, and 3 closed sales.  Very similar activity when compared to last year for the Hobe Sound July 2019 condo market activity.

Hobe Sound FL 33455 Condo Market Report July 2019

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Hobe Sound Florida Real Estate presented by:
Gabe Sanders

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Hobe Sound FL 33455 Condo Market Report July 2019

Hobe Sound FL 33455 Residential Market Report July 2019

Hobe Sound FL 33455 Residential Market Report July 2019

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

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

There are currently 195 active listings. (Down by 24 homes from June)

Hobe Sound FL 33455 Residential Market Report July 2019

76 Residential sales are pending and awaiting close  (Up by 9 homes from June)

Hobe Sound FL 33455 Residential Market Report July 2019

38 Homes Sold in July (Down by 15 homes from last month)

Hobe Sound FL 33455 Residential Market Report July 2019

The Hobe Sound Florida Market Report ZIP Code 33455 continues to be a strong and active rsidentialreal estate market even though the activity has moderated a bit in the past two months.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 5.1 months (It was 4.1 months in June).  Remaining in a seller’s market for Hobe Sound residential real estate, but drifting towards 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 July 2018 were: 192 active listings, 68 pending sales, and 53 closed sales.  Better number of closed sales last year while the other metrics are similar to this year.

Hobe Sound FL 33455 Residential Market Report July 2019

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

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

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Hobe Sound FL 33455 Residential Market Report July 2019

The Preserve of Hobe Sound August 2019 Market Report

The Preserve of Hobe Sound August 2019 Market Report

For August 2018, there are 4 homes on the market in the Preserve of Hobe Sound.  These homes are listed with prices ranging from $299,900 up to $340,000.  This is an average list price of $324,475 which is $160.87 per sq. ft. of living area.

There is 1 home currently under contract.  This home was on the market for $369,900 or $183.39 per sq. ft. of living area.  This home was on the market for only 4 days before going under contract

In the past 12 months, 15 homes have sold in the Preserve.  Sales prices ranged from $260,000 up to $370,000.  This works out to an average sales price of $316,887 which equals $157.11 per sq. ft. of living area.  These homes averaged 57 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 Real Estate Market Report

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 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.

The Preserve of Hobe Sound

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 2019 Market Report

Bahia Sound Hobe Sound August 2019 Market Report

Bahia Sound Hobe Sound August 2019 Market Report

There are no homes for sale in Bahia Sound in Hobe Sound for August 2019.

There are also no homes currently under contract.

4 Bahia Sound homes have sold in the past 12 months.  The sales prices ranged from $400,000 up to $520,000.   This is an average sales price of $478,250 which works out to $194.28 per square ft. of living area.  These homes were on the market for an average of 62 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

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

Bahia Sound in Hobe Sound Bahia Sound in Hobe Sound

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.

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Bahia Sound Hobe Sound August 2019 Market Report

Hobe Sound FL 33455 Condo Market Report June 2019

Hobe Sound FL 33455 Condo Market Report June 2019

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

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

There are currently 12 active condo listings. (Up by 3 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2019

3 Condos are pending and awaiting close. (Unchanged from May)

Hobe Sound FL 33455 Condo Market Report June 2019

1 Condo sold in June. (Down by 2 condos from May)

Hobe Sound FL 33455 Condo Market Report June 2019

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market.  Even with these small number of available condos for sale, the activity remains strong.  This month was slow for closed sales but with an increase in inventory, I expect better results in the coming months.

The absorption rate for Hobe Sound condos was 12 months for June (it was 3.0 months for May).  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 June 2018 numbers were: 4 active listings, 5 pending sales, and 3 closed sales.  A better volume of sales and pending sales last year.  TThere is a little greater inventory of condos this year.

Hobe Sound FL 33455 Condo Market Report June 2019

Are you interested in the value of your Hobe Sound FL Condo?
Click on this link and fill out the form for an accurate personal evaluation

Hobe Sound Florida Real Estate presented by:
Gabe Sanders

For the latest market reports for Martin County, Saint Lucie County and the State of Florida please click on this link.

Hobe Sound FL 33455 Condo Market Report June 2019