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Hobe Sound FL 33455 Condo Market Report February 2016

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

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

There are currently 9 active condo listings. (Increased by 3 condos from January)

5 Condos are pending and awaiting close. (Up by 3 condos from January)

No Condos sold in February (Same as January)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. February brought the second month of no condo sales, something that hasn’t happened since I’ve been tracking this market. With a small increase in inventory and pending sales, I expect to see at least one or two closed sales for March.

No possible absorption rate number for this month with zero sales, for December of 2015 it was 4 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 February 2015 numbers were: 19 active listings, 5 pending sales and 3 closed sales. Our pending sales are the same as last year, otherwise there was better activity in 2015.

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Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report February 2016

Hobe Sound FL 33455 Residential Market Report February 2016

03.21.16 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report February 2016

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

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

There are currently 206 active listings. (Down by 6 homes from January)

116 Residential sales are pending and awaiting close (Up by 40 homes from January)

27 Homes Sold in February (Down by 8 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County had a very strong pending sales gain as compared to last month (and previous months), while after two months of increasing inventory. this month saw a decline. Closed sales were off for the month, but with the pending numbers so good, I expect to see increases for the next few months.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 7.6 months (6.1 months in January). Into a buyers’ market for February after last months balanced market. Though with the strong rise in pending sales I expect to go back into a sellers market in the next month or two. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for February 2014 were: 250 active listings, 98 pending sales and 35 closed sales. Much stronger pending sales this year and weaker closed sales along with a much smaller inventory of available homes.

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Stuart Florida Real Estate presented by:
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Hobe Sound FL 33455 Residential Market Report February 2016

Lost Lake Hobe Sound March 2016 Market Report

03.05.16 by Gabe Sanders

Lost Lake Hobe Sound March 2016 Market Report

There are currently 6 homes available for sale in Lost Lake. List prices range from $249,900 to $577,500 for an average of $353,383 which is $173.78 per sq. ft. of living area.

There are 5 homes under contract and awaiting settlement. List prices range from $229,500 to $549,000 for an average of $391,100 or $182.55 per sq. ft. of living area. These homes averaged 62 days on the market before accepting their offers.

In the past 12 months, 41 homes have sold in this community. Sales prices ranged from $222,500 to $570,000 for an average sales price of $293,473 or $159.61 per sq. ft. of living area. Sales averaged at 97% of list price and these homes went under contract in an average of 44 days.

18 holes of golf, a great club house, along with statuesque homes filling the beautifully landscaped streets, ideal views of open fields and small lakes in a peaceful neighborhood; Lost Lake could be your dream neighborhood in Hobe Sound.

Located just west of US-1 in Martin County, Lost Lake sits in a peaceful area close to shopping in Hobe Sound, Stuart and only a few minutes further to Jupiter. Lost Lake is located very close to the mariner’s destination known as Peck Lake, great for weekends out on the boat! Just minutes to the beaches as well. Lost Lake can be the location for your dream home tomorrow!

There are 600 homes in the Lost lake community. Three gated entries control entrance into this subdivision. Homes were first built in 1992 and the last ones were completed in 1999. Home sizes range from 4 Bedroom, 3 Bathroom with over 3,000 sq. ft. of living area down to attached villas with 2 Bedrooms, 2 Bathrooms and 1,399 sq. ft. of living area. Golf course membership is not mandatory and there are very reasonable HOA fees that vary depending on the location and sub-community. ($110 to $190 per month)

Please call us for more information as well as a tour of the facilities and homes.

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Hobe Sound FL 33455 Condo Market Report January 2016

02.22.16 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report January 2016

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

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

There are currently 6 active condo listings. (Increased by 2 condos from December)

2 Condos are pending and awaiting close. (Up by 1 condos from December)

No Condos sold in December (Down 1 condos from December)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. 2016 began with a whimper for Hobe Sound condos with no sales. We did have small improvements in both the inventory and pending sales.

The January 2015 numbers were: 17 active listings, 3 pending sales and 3 closed sales. Much better activity last year with considerably more inventory to work with.

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Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report January 2016

Hobe Sound FL 33455 Residential Market Report January 2016

02.21.16 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report January 2016

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

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

There are currently 212 active listings. (Up by 25 homes from December)

76 Residential sales are pending and awaiting close (Up by 15 homes from December)

35 Homes Sold in January (Down by 5 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County continues to show mostly positive and strong results with a nice increase in inventory (second month in a row) as well as a healthy increase in pending sales. Unfortunately closed sales were slightly down for the beginning of the new year.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 6.1 months (4.7 months in December). Back into a balanced market for January after last months sellers market, which is where I expect it will be again next month. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for January 2014 were: 249 active listings, 79 pending sales and 46 closed sales. Slightly better numbers for the beginning of last year, but with reduced inventory this year the percentages are actually superior for the current month.