Market Report: Hobe Sound, Florida Residential Real Estate Sales

Market Report: Hobe Sound, Florida Real Estate Sales
Zip Code 33455, Residential Sales for November 2010


For November, 2010: 16 Residential properties sold in Hobe Sound, Florida Zip Code 33455

There are currently 431 active listings.

51 Residential sales are pending and awaiting close.

Search here for Hobe Sound Florida Real Estate for Sale

Market Report: Hobe Sound, Florida Real Estate Sales
Zip Code 33455, Residential Sales for November 2010

Hobe Sound Florida Real Estate
presented by the Gabe Sanders real estate team

Tips for Applying for a Mortgage

Tips for Applying for a Mortgage

How To Apply

In recent years the loan application process has been greatly simplified, however proper information from borrowers is still required. Most lenders today are looking for fully-documented loan applications. This may sound intimidating, however it’s not a big deal. Just take these steps:

  • At least three months BEFORE you finance or refinance real estate get a copy of your credit report. The reason to do this is to check and see if there’s any information on your credit report which is factually incorrect or out-of-date (most negative items can stay on a credit report for seven years, 10 years for a bankruptcy). If you start looking at your credit report three months ahead you should have some time to correct errors. You can get a free credit report with no strings attached by going to AnnualCreditReport.com.
  • Get your paperwork in order. Have in hand your last three pay stubs, your last three tax returns, and statements for all savings and checking account, mutual funds, retirement accounts, credit cards, student loans, car loans, etc. Make a file and stick the paperwork in it. You want to show ALL income and you must show ALL debts. When in doubt add it to the file.
  • Ask some questions: Do you expect to receive “bonus” income now or in the future? Do you expect to receive “overtime” income now or in the future Will “other” income in addition to your salary continue at current levels? If you own your home and use it as a prime residence, what’s the estimated fair market value? What’s the value of all financing now secured by your current home if you’re refinancing?

Treasure Coast Florida Real Estate presented by
the Gabe Sanders real estate team

Post courtesy of Kim Davis and Claudine Porikos, Group One Mortgage

Residential Market Report for October 2010 in Martin County, Florida

Residential Market Report for October 2010 in Martin County, Florida

The Martin County Residential Market Reports sales data of single family homes and town homes as reported by the Realtor Association of Martin County.

Sales of residential units in Martin County were remained basically unchanged from last month in volume while down from October of 2009 from 133 units to 114 units for this October.  The home owners tax credit was in force and this certainly had an effect on the higher sales volume of last year..

Average sales prices took another dip this month  while listing prices have risen slightly.  Inventory has basically remained unchanged from last year and with sales down the absorption rate is once again high ( almost 16 months) and in very unattractive levels. Barring any unforeseen external economic events, we are expecting a modest increase in sales volume after the holidays as the current buying environment is very positive with some of the best values available.  If there’s any hint of inflation and the corresponding increase in mortgage interest rates we expect a fairly strong increase in activity, unfortunately for sellers with no corresponding increase in price  s

The current charts follow:

Martin County Residential Data
(Single Family Homes)

Martin County Market Report Residential Sales Absorption Rate

The Definition of Absorption Rate:
Number of weeks it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate, helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. Absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.

Data compiled from the Realtor Association of Martin County

Residential Market Report for October 2010 in Martin County, Florida

the Gabe Sanders real estate team

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

For more information about Florida’s Treasure Coast Real Estate, visit us at:

Stuart Florida Real Estate or Treasure Coast FL Homes

Condominium Market Report for October 2010 in Martin County, Florida

Condominium Market Report for October 2010 in Martin County, Florida

The October Condo market declined to 30 unit sales, down significantly from 57 units in October of 2009 and 48 from September of 2010.  Some of this decline can be attributed to normal seasonal fluctuations as demand for second homes (condos) declines as we approach the holiday season.
On a positive note, median price has increased some reflecting in sales of some higher priced units.  It would be a mistaken assumption to think that individual unit values have started to increase.

The current charts follow:


Martn County Market Report Condo Price Comparison

 

Data compiled from the Realtor Association of Martin County

Condominium Market Report for October 2010 in Martin County, Florida

the Gabe Sanders real estate team

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

For more information about Florida’s Treasure Coast Real Estate, visit us at:

Stuart Florida Real Estate or Treasure Coast FL Homes

Condominium Market Report for September 2010 in Martin County, Florida

Condominium Market Report for September 2010 in Martin County, Florida

The September Condo market showed some fairly good numbers in terms of volume of sales.  Up from the last year as well as the previous month.  Inventory has declined some more and the trend appears to be fairly positive.  Unfortunately the median sales price is continuing a downward trend.  Much of this downward trend reflects that sales of lower priced non-waterfront condos are currently the predominate market share.  Volume of riverfront and ocean front condos has picked up slightly, but remains very sluggish.
For the higher priced segment of the market, foreclosures and short sales, while not the greatest number of listings, continue to drag prices down overall!

The current charts follow:

Martin County Condominiu Absorption Rate

The Definition of Absorption Rate:
Number of weeks it takes to sell the current inventory at the present rate of sales. Knowing your area’s Absorption Rate, helps to track trends. Understanding the market and where it is headed is part of our job as real estate professionals. Absorption rate is NOT an exact science. Figuring it is based on the premise that one will be looking for a TREND. It is advised to consistently do the numbers each month, to be able to track a trend.

 

Data compiled from the Realtor Association of Martin County

Condominium Market Report for September 2010 in Martin County, Florida

the Gabe Sanders real estate team

Residential Homes, Condos and Land
Waterfront and Golf Course Communities in Martin and Saint Lucie Counties

For more information about Florida’s Treasure Coast Real Estate, visit us at:

Stuart Florida Real Estate or Treasure Coast FL Homes