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Hobe Sound FL 33455 Condo Market Report October 2016

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

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

There are currently 6 active condo listings. (Up by 1 condos from September)

1 Condos are pending and awaiting close. (Down by 2 pending condos from September)

1 Condos sold in October. (Decreased by 2 closed sales from September)

The Hobe Sound condo market (Zip Code 33455) is the smallest segment of the Martin County real estate market. Inventory levels are at all time lows and it is quite remarkable that there is as much activity as there is in this small segment of the Martin County real estate market.

For October, 2016 the absorption rate is 6 month (it was 1.7 months in September). 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 October 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 October 2015 numbers were: 4 active listings, 0 pending sales and 3 closed sales. It’s very difficult to make meaningful comparisons with such low numbers of sales and inventory.

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Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report October 2016

Hobe Sound FL 33455 Residential Market Report October 2016

11.24.16 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report October 2016

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

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

There are currently 198 active listings. (Up by 5 homes from September)

59 Residential sales are pending and awaiting close (Down by 5 homes from September)

33 Homes Sold in October (Down by 14 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County has slowed down to a balanced market with reduced pending and closed sales and a continuing increase in inventory.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 6 months (4.1 months in September). A balanced market for the first time in close to three years of sellers markets. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for October 2015 were: 122 active listings, 68 pending sales and 44 closed sales. As with most other areas in Martin County for this month, weaker activity as compared to last year.

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Hobe Sound FL 33455 Residential Market Report October 2016

The Arbors in Hobe Sound November 2016 Market Report

11.19.16 by Gabe Sanders

The Arbors in Hobe Sound November 2016 Market Report

There are 4 available homes for sale in The Arbors as of November 2016. List prices range from $435,000 up to $629,900 for an average of $517,975 which equals $201.22 per sq. ft. of living area.

There is one home under contract which has not completed the sales process. The list price is $570,000 or $192.57 per sq. ft. of living area. This home was on the market for 43 days prior to going under contract.

In the past 12 months, 9 homes have sold in the Arbors. Sales prices ranged from $345,000 up to $584,000 for an average sales price of $471,000 which equals $188.70 per s. ft. of living area. These sales averaged at 96% of the listed price and were on the market for an average of 104 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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Hobe Sound FL 33455 Condo Market Report September 2016

10.25.16 by Gabe Sanders

Hobe Sound FL 33455 Condo Market Report September 2016

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

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

There are currently 5 active condo listings. (Up by 1 condos from August)

3 Condos are pending and awaiting close. (Down by 2 pending condos from August)

3 Condos sold in September. (The same number of closed sales from August)

For September, 2016 the absorption rate is 1.7 month (it was 1.3 months in August). 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 September 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 September 2015 numbers were: 2 active listings, 4 pending sales and 2 closed sales. It’s very difficult to make meaningful comparisons with such low numbers of sales and inventory.

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Hobe Sound Florida Real Estate presented by:
Gabe Sanders

Hobe Sound FL 33455 Condo Market Report September 2016

Hobe Sound FL 33455 Residential Market Report September 2016

10.24.16 by Gabe Sanders

Hobe Sound FL 33455 Residential Market Report September 2016

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

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

There are currently 193 active listings. (Up by 21 homes from August)

64 Residential sales are pending and awaiting close (Down by 25 homes from August)

47 Homes Sold in September (Down by 1 homes from last month)

The Hobe Sound Florida Market Report ZIP Code 33455 section of Martin County returned to just very active from a red hot August. Hobe Sound remains a very strong segment of the Martin County real estate market.

The current absorption rate for the Hobe Sound Florida Market Report ZIP Code 33455 rose to 4.1 months (2.9 months in August). Still in a strong sellers market for Hobe Sound residential sales. An absorption rate of 6 to 7 months is considered to be a balanced market favoring neither the buyer or seller.

The numbers for September 2015 were: 162 active listings, 89 pending sales and 32 closed sales. Better closed volume for this year while last year showed better pending activity. All, with a somewhat higher inventory this year.